Principal German Equity Fund (PRINCIPAL GEQ)

Dividend/Auto-Redemption History

Fund Details

Fund Name (short) PRINCIPAL GEQ Risk Level 6 (High Risk)
Fund Type  Equity Fund, Feeder Fund Inception Date 5 July 2016
Registered fund size 2,000 Million THB Foreign Investment Policy Yes
Dividend Policy None Foreign exchange rate According to the discretion of fund manager
Investment Policy  The fund has a policy to invest in or hold investment units of only one foreign fund, iShares Core DAX® UCITS ETF (DE), on average for fiscal year, at least 80% of the net asset value of the fund (feeder fund). iShares Core DAX® UCITS ETF (DE) has an investmentobjective to generate returns for the fund as close to the returns of the DAX® index, which is an index that reflects the performance of 30 largest size companies which have most trading value on the Frankfurt Stock Exchange in Germany by using passive investment management strategies. Therefore, the decision to buy or sell securities of the fund will be amenable to changing the investment weight of the DAX® index, which is a benchmark measure of the fund. In addition, passive investment management strategies andtrading of securities may cause fund management fees and transaction fees to such funds. This fund is managed by BlackRock Asset Management Deutschland AG. The iShares Core DAX® UCITS ETF (DE) will invest in.

a) Securities according to Capital Investment Act Section 193 KAGB
b) Money market debt instruments according to Capital Investment Act Section 194 KAGB
c) Bank deposits according to Capital Investment Act Section 195 KAGB
d) Financial derivatives according to Capital Investment Act Section 197 KAGB
e) Other securities according to Capital Investment Act Section 198 KAGB
f) Investment units according to Capital Investment Act Section 196 KAGB

The fund will invest in or hold investment units of iShares Core DAX® UCITS ETF (DE), on average for fiscal year, at least 80% of the net asset value of the fund. For the rest, the fund may invest in securities, other financial instruments, as well as other securities or assets or seeking profits by other means.
Fund manager Win Phromphaet
Witthaya Chancharuschote 
Viriya Phokaisawan
Paniti Jittriphot
Waroon Saptaweekul
Thana Sheanakul
Prapot Uancharoenkul

Master fund has highly concentrated investment in Germany. So, investors have to diversify investment for their portfolios. /Investing in Investment Units is not a deposit and there is a risk of investment, Investors may receive more or less return investment than the initial investment. Therefore, investors should invest in this fund when seeing that investing in this fund suitable for investment objectives of investors and investors accept the risk that may arise from the investment. /In an unusual situation unitholders may not be able to redeem the investment units or may receive the redemption money later than the period that specified in the prospectus. /Investors should study the information in the prospectus to understand and should keep the prospectus as information for future reference and when in doubt, please contact the selling agent before investing. /Investors should understand product characteristics (mutual funds), conditions of return and risk before making an investment decision

Purchase/ Redemption

Subscription Period Every business day from bank business hours to 3.30 pm
Minimum Subscription 5,000 THB
Redemption Period Every business day from bank business hours to 3.00 pm
Minimum Redemption Not defined
Minimum Balance Not defined
Redemption Policy Within 5 business days from NAV calculation date (Currently T+6) CIMBT / SCB / KBANK / BAY / TMB / BBL/ LHBANK/ KK/ TBANK

Fee & Charges

Fees to Unitholder (% of Trading Value)*

Front-end fee Not exceed 1.61% (Currently 1.50%)
Back-end fee Not exceed 1.07% (Waived)
Switching Fee According to the conditions of sale and redemption of investment units

*Fee included VAT.

Fund Fee (% of NAV)*

Management Fee Not exceed 1.61% (Currently 1.61%)
Trustee Fee Not exceed 0.11% (Currently 0.03%)
Registrar Fee Not exceed 0.54% (Currently 0.32%)

*as of 5 Jul’18 – 30 Jun’19, Fee included VAT

Fund Performance

As at date :
As at date :
Fund Year To Date Performance (%) 3Month (%) 6Month (%) 1Year (%) 3Year (%) 5Year (%) 10Year (%) Since Inception (%) NAV (THB) Fund size (THB Million)
Principal German Equity Fund (PRINCIPAL GEQ) -18.54 % -16.64 % -15.85 % -13.47 % -6.08 % 0.82 % 10.3163 44.20
Benchmark : -15.30 % -15.29 % -13.06 % -14.54 % -6.98 % -0.16 %
Benchmark :
DAXNR Index (THB) 50% + DAXNR Index adjusted with FX hedging cost 50%