Principal Global Fixed Income Fund (PRINCIPAL GFIXED)

Dividend/Auto-Redemption History

Fund Details

Previous name is Principal Global Total Return Fund, the changing name has effective from 11 February 2020 onwards.

Fund Name (short) PRINCIPAL GFIXED Risk Level 5 (Moderate to High Risk)
Fund Type  Fixed Income Fund, Feeder Fund Inception Date 6 December 2017
Registered fund size 3,000 Million THB Foreign Investment Policy Yes
Foreign exchange rate According to the discretion of fund manager
Dividend Policy Consider to pay not more than 12 times a year. (Please study the details of dividend payment conditions in the prospectus)
Investment Policy

The fund has a policy to invest in or hold only investment units of the foreign mutual fund, PIMCO GIS Income Fund (Master Fund), share class I, on average in the accounting year of not less than 80% of the net asset value (feeder fund), the master fund registered in Ireland which managed by PIMCO Global Advisors (Ireland) Limited. PIMCO GIS Income Fund (Master Fund), share class I, has a primary objective to seek high current income, consistent with prudent investment management. Long-term capital appreciation is a secondary objective. The Master Fund invests at least two-thirds of its assets in a diversified portfolio of Fixed Income Instruments of varying maturities. The Master Fund will generally allocate its assets among several investment sectors, which may include

(1) High yield and investment grade corporate bonds of issuers located in the EU and in non-EU countries, including emerging market countries.
(2) Global bonds and Fixed Income Securities issued by EU and non-EU governments, their agencies and instrumentalities.
(3) Mortgage-related and other asset-backed securities which may or may not be leveraged
(4) Foreign currency positions, including currencies of emerging market countries

In this regard, the master fund can invest in loan participations and/or loan assignments and/or credit default swap (protection seller). However, the proportion of investment in different sectors may change at any time. For these investments, the fund can be made both by investing directly in instruments and investing through derivatives. Master funds may invest in derivatives for efficient portfolio management.

Fund manager Win Phromphaet
Witthaya Chancharuschote 
Viriya Phokaisawan
Paniti Jittriphot
Waroon Saptaweekul
Thana Sheanakul
Prapot Uancharoenkul

Master fund has highly concentrated investment in Japan. So, investors have to diversify investment for their portfolios. 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 1.00%)
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 1.0701%**)
Trustee Fee Not exceed 0.11% (Currently 0.0321%)
Registrar Fee Not exceed 0.54% (Currently 0.3210%)

*as of 1 Dec 18 - 30 Nov 19., Fee included VAT.
** Management Fee will be charged 0.9095% pa from 11 Feb 2020 onwards

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 Global Fixed Income Fund (PRINCIPAL GFIXED) -5.64 % -6.16 % -4.56 % -10.82 % -5.58 % 8.7135 803.65
Benchmark : 9.37 % 4.99 % 8.59 % 7.70 % 2.74 %
Benchmark :
LBUSTRUU Index (THB) 50% + LBUSTRUU Index adjusted with FX hedging cost 50%