Principal Global Credit Fund C (PRINCIPAL GCREDIT-C)

Dividend/Auto-Redemption History

Fund Details

Fund Name (short)PRINCIPAL GCREDIT-CRisk Level5 (High Risk)
Fund Type Fixed Income Fund (Feeder Fund)Inception Date19 December 2023 
Registered fund size1,000 Million THB (Greenshoe 15%)Foreign Investment PolicyYes
Dividend PolicyNoneForeign exchange rateAccording to the discretion of fund manager
IPO27 November – 15 December 2023 
Investment Policy 
  • The Fund will feed not less than 80% of its NAV in average per year in BNY Mellon Global Credit Fund (Master Fund) Share Class USD W (Acc), managed by BNY Mellon Fund Management (Luxembourg) S.A. The Master Fund aims to achieve its investment objective by investing the majority of its Net Asset Value, meaning over 50%,         in global credit markets. The remaining assets will be invested in non-credit debt and debt-related securities (debt and debt-related securities issued by governments, supra-nationals and public international bodies), currencies, cash and near cash assets as outlined below.
    The master fund may invest in debt and debt-related securities (obligations, treasury bills, debentures, bonds, loans, asset-backed and mortgage-backed securities, certificates of deposit, floating rate notes, short and medium term obligations and commercial paper, which may be fixed, floating or variable and may vary inversely with respect to a reference rate and are issued or guaranteed by any sovereign government or their agencies, local authority, supranational or public international bodies, bank, corporates or other commercial issuers and contingent convertible securities (“CoCos”) hereinafter “Debt and Debt-Related Securities”.)
Fund manager
  • Supakorn Tulyathan
  • Woraphot Kunaprasit
  • Witthaya Chancharuschote
  • Viriya Phokaisawan
  • Pancharas Siwarapornsakul
  • Nantanach Kitichalermkiat

Purchase/ Redemption

Subscription PeriodEvery business day from bank business hours to 15.30 pm, start at 27 December 2023* onwards.
Minimum Subscription1,000 THB
Redemption PeriodEvery business day from bank business hours to 15.30 pm, start at 27 December 2023* onwards.
Minimum RedemptionNot defined
Redemption PolicyWithin 5 Business days from NAV calculation date (Currently T+4)
(CIMBT / SCB / KBANK / BAY / BBL / LHBANK/ KK/ TTB)     

Fee & Charges

Fees to Unitholder (% of Trading Value)*
Front-end feeNot exceeding 2.14% (Actual Charge 1.00%)
Back-end feeNot exceeding 1.07% (Waived)
Switching FeeNot exceeding 2.14% (Actual Charge 1.00%)
Fund Fee (% of NAV)*
Management FeeNot exceeding 2.14% p.a. (Actual Charge 1.07% p.a.)
Trustee FeeNot exceeding 0.33% p.a.  (Actual Charge 0.0321% p.a.)
Registrar FeeNot exceeding 0.54% p.a. (Actual Charge 0.107% p.a.))
*Fee included VAT

Fund Performance

Date as of:
As at date :
Fund Year To Date Performance (%) 3M (%) 6M (%) 1Year (% p.a.)* 3Year (% p.a.)* 5Year (% p.a.)* 10Year (% p.a.)* Since Inception (% p.a.) * NAV (THB) Fund size (THB Million)
Principal Global Credit Fund C (PRINCIPAL GCREDIT-C) -0.10 % -0.10 % 0.26 % 10.0255 431.19
Benchmark: 0.28 % 0.28 % 0.68 %
Benchmark :
LGDRTRUH Index adjust with fx hedging cost 85% + LGDRTRUH Index (THB) 15%
Standard Deviation Performance 4.30 % 4.30 % 4.15 %
Standard Deviation Benchmark 4.47 % 4.47 % 4.36 %