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Principal MPF Scheme Series 800 Quick Guide
140 yearsof experience in
financial services
75+ yearsof experience in retirement
24+ millioncustomers worldwide
14specialized investmentgroups and boutiques
560+ investment professionals
Top 31largest manager of
worldwide institutional assets3
Principal Financial Group®1®
Principal Global Investors2
Principal Hong Kong
Combines our capabilities in global investment management, retirement leadership and asset allocation expertise to provide retirement and asset management services, as well as award-winning mutual funds and investment products, our member companies include: Principal Trust Company (Asia) Limited, Principal Asset Management Company (Asia) Limited, Principal Investment & Retirement Services Limited, Principal Global Investors (Asia) Limited, Principal Nominee Company (Hong Kong) Limited and Principal Insurance Company (Hong Kong) Limited
* The above awards information is for reference only, and is not representing the actual return of Principal MPF Scheme Series 800 and its Constituent Funds.
Forgot how many MPF PA do you have? You may go to MPFA e-Enquiry of Personal Account
BENCHMARK Fund of the Year Awards 2018 Hong Kong 1
Mutual Funds CategoryBest-in-Class, Top Fund Awards – Retail Class, Global High Yield Fixed Income
Outstanding Achiever, House Awards, Asia ex-Japan Equity
MPF CategoryBest-in-Class, MPF Investment Manager of the Year, Aggressive AllocationBest-in-Class, MPF Investment Manager of the Year, Global Fixed IncomeBest-in-Class, MPF Investment Manager of the Year, Greater China Equity
Best-in-Class, MPF Investment Manager of the Year, Hong Kong EquityOutstanding Achiever, MPF Investment Manager of the Year, Cautious Allocation
Outstanding Achiever, Top MPF Fund Awards, China EquityOutstanding Achiever, Top MPF Fund Awards, Mixed Assets > 20-40% Equity
Outstanding Achiever, MPF Capability Awards, Investor Education
The 2019 MPF Awards 2
MPF Ratings’ 5 Year Consecutive Gold for 2019MPF Ratings’ 2019 Gold Rated Scheme MPF Ratings’ 2019 Silver Rated Scheme
MPF Ratings’ 2019 Bronze Rated Scheme
2018 Thomson Reuters Lipper Fund Awards Hong Kong 3
Best Hong Kong Fund over 3 Years - Bond Global - High YieldBest Hong Kong Fund over 5 Years - Bond Global - High Yield
Best Hong Kong MPF over 3 Years - Mixed Asset HKD AggressiveBest Hong Kong MPF over 3 Years - Equity Asia Pacific ex Japan
Bloomberg BusinessWeek / Chinese EditionTop Fund Awards 2018 4
Mutual Funds CategoryFixed Income - Global - High Yield Bond - Best Performer
MPF CategoryEquity - US (1 year, 5 years & 10 years) - Outstanding PerformerGuaranteed (1 year, 5 years & 10 years) - Outstanding Performer
Greater China (Aggregated approach) (1 year & 5 years) - Best Performer
Important Notes• Principal MPF Scheme Series 800 (“Scheme”) is an MPF Scheme. The Scheme consists of 17 constituent funds, comprising
the following fund types: equity fund, bond fund, money market fund, guaranteed fund, mixed assets fund and others.• Each of the Principal Capital Guaranteed Fund and the Principal Long Term Guaranteed Fund under this Scheme invests
solely in an approved pooled investment fund in the form of an insurance policy issued by Principal Insurance Company (Hong Kong) Limited (“Principal”). The guarantee is also provided by Principal. Your investments in the Principal Capital Guaranteed Fund and the Principal Long Term Guaranteed Fund, if any, are therefore subject to the credit risk of Principal. Please refer to the “Principal Capital Guaranteed Fund” and “Principal Long Term Guaranteed Fund” sections of the Principal Brochure of the Scheme for details of the credit risk, guarantee features and guarantee conditions.
• Principal, the Guarantor of the Principal Long Term Guaranteed Fund under this Scheme, will only provide a guarantee of capital and a prescribed guarantee rate of return in certain specified circumstances. Please note that you may lose the guarantee entitlement if you have elected to transfer your accrued benefits in the Scheme (i) from an account within the Scheme to another account within the Scheme; (ii) from the Principal Long Term Guaranteed Fund to another constituent fund in the Scheme; or (iii) to another MPF scheme as described in the sub-section (B) “Transferring benefits from or within the Scheme” under the section “Employee’s Choice – Transferring accrued benefits to and from the Scheme” of the Principal Brochure. Please refer to page 19 of the Principal Brochure under the section “Provision of Guarantee” for details of the guarantee conditions. Please also note that a partial withdrawal of accrued benefits may affect your guarantee entitlement under the Principal Long Term Guaranteed Fund. For details, please refer to the section “Provision of Guarantee” on page 19 and the section “Guarantee entitlement in respect of partial withdrawal of accrued benefits upon retirement or early retirement” on page 22 of the Principal Brochure of the Scheme.
• If you are currently investing in Principal Long Term Guaranteed Fund, a withdrawal of the accrued benefits on ground of terminal illness may affect your entitlement to the guarantee and you may lose your guarantee. For details please check the Principal Brochure of the Scheme or consult your trustee before making any such withdrawal.
• Principal, the Guarantor of the Principal Capital Guaranteed Fund under this Scheme, will provide a guarantee to ensure the unit value of the fund will never decrease. Prior to 30 December 2011, under the indirect charge option (i.e. the Class I Units after 30 December 2011), part of the management fee is asset based which is deducted from the net asset value of the fund, while the remaining part is payable by deducting units from member’s account. As such, capital may not be guaranteed in absolute term for scheme members under the indirect charge option before 30 December 2011. For details, please refer to the sections “How the guarantee works” and “Fees and Charges” of the Principal Brochure of the Scheme.
• Investment in the Principal HK Dollar Savings Fund is different from placing deposits with a bank or deposit-taking company and is not protected by the Deposit Protection Scheme. Investment in this Fund will be subject to investment risks.
• The Principal MPF Conservative Fund under this Scheme is not a guaranteed fund and do not guarantee the repayment of capital. Fees and charges of a MPF conservative fund can be deducted from either (i) the assets of the fund or (ii) members’ account by way of unit deduction. This Fund uses method (i) and, therefore, unit prices/net asset value/fund performance quoted have incorporated the impact of fees and charges.
• You should consider your own risk tolerance level and financial circumstances before making any investment choices. When, in your selection of funds, you are in doubt as to whether a certain fund or the Default Investment Strategy (“DIS”) is suitable for you (including whether it is consistent with your investment objectives), you should seek financial and/or professional advice and choose the fund(s) or DIS most suitable for you, taking into account your own circumstances.
• You should consider your own tolerance level and financial circumstances before investing in DIS. You should note that the Principal Core Accumulation Fund and the Principal Age 65 Plus Fund may not be suitable for you, and there may be a risk mismatch between the Principal Core Accumulation Fund and the Principal Age 65 Plus Fund and your risk profile (the resulting portfolio risk may be greater than your risk preference). You should seek financial and/or professional advice if you are in doubt as to whether the DIS is suitable for you, and make the investment decision most suitable for you taking into account your circumstances.
• You should note that the implementation of the DIS may have an impact on your MPF investments and benefits. You should consult with the Trustee if you have doubts on how you are being affected.
• In the event that you do not make any investment choices, please be reminded that any contributions made and/or benefits transferred into this Scheme will be invested into the DIS.
• Investment involves risks. The value of the funds may go up or down. The past performance is not indicative of future performance. Your investment may suffer significant loss. There is no assurance on investment returns and you may not get back the amount originally invested. You should not invest in reliance on this marketing material alone. You should read the Principal Brochure of the Scheme for further details (including investment policy, risk factors, fee and charges of the constituent funds).
Regarding provision of guarantee of Principal Long Term Guaranteed Fund:Principal, the Guarantor of the Principal Long Term Guaranteed Fund under the Scheme, will only provide a guarantee of capital and a prescribed guarantee rate of return in certain specified circumstances. Your investments are subject to the credit risk of Principal. The guarantee of capital and return will only be offered if the contributions in the fund are withdrawn upon the occurrence of a “qualifying event”, which is the receipt by the Trustee of a valid claim of all the accrued benefits of the member upon satisfying any of the following conditions: (a) Attainment of the normal retirement age or retirement at or after the early retirement age but before the normal retirement age; (b) Total incapacity; (c) Terminal illness; (d) Death; (e) Permanent departure from Hong Kong; (f) Claim of “small balance”. The above conditions (a) to (f) apply to employee members, self-employed persons, existing Special Voluntary Contributions members and personal account members; (g) Termination of the member’s employment (regardless of the reason of termination) and the continuous period for which the member has been investing in the fund up to and including the last date of his employment (“qualifying period”) is at least 36 complete months. The qualifying period in respect of a member may also be reset to zero if the member (or his personal representative) effects a redemption, switching out or withdrawal of the units of the fund other than upon the occurrence of a qualifying event. For the avoidance of doubt, condition (g) does not apply to self-employed persons, existing Special Voluntary Contributions members or personal account members. If a redemption, switching out or withdrawal of units of the fund is effected by a member other than upon the occurrence of a qualifying event as stated above, the guarantee will be affected and the member’s investments in this fund will be subject to market fluctuation and investment risks. Please refer to the section “Provision of Guarantee” of the Principal Brochure for details of the guarantee conditions.
1. All-round services that cater to your needs
2. Wide Range of Constituent Funds Satisfies Different Investment Appetite
E-mail SMS
Monthly Economic Insights
Monthly personal MPF/ORSO account balance
e-ABS (Annual Benefit Statement)
Other services offering
Invitations to member event
Popular Feature Suggested Navigation Path
Fund Price AlertMPF Schemes >Constituent Fund Prices > tab the Alarm
Fund SwitchingLogin Principal Member Section> Make changes> submit desirable changes
Latest Market Update
What’s News> Market Updates
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Member ServicesEnjoy value-added Principal e-Communication Service for free, including:
Employer Services
Login to Principal Retirement Service Centre Forgot your login and password? Please contact 2827 1233.
Employer Service Hotline: 2251 9322
Employer websiteto allow HR to access to MPF
information easily
Various Contribution Methods & software available
e.g.: Alpha HRMS, e-Contribution
Name of Constituent Fund
Management Fee at Current Level
(% p.a. of NAV)#
Name of Constituent Fund
Management Fee at Current Level
(% p.a. of NAV)#
Equity Fund Bond Fund
Principal China Equity Fund 1.59% Principal
International Bond Fund 1.25%
Principal Hong Kong Equity Fund 1.35% Principal
Hong Kong Bond Fundn 0.99%
Principal Hang Seng Index Tracking Fund^n 0.89% Guaranteed Fund
Principal Asian Equity Fund 1.59% Principal Capital Guaranteed Fund 1.40%
Principal US Equity Fund 1.59% Principal
Long Term Guaranteed Fund* 2.00%
Principal International Equity Fund 1.59% Money Market Fund
Mixed Asset Fund Principal HK Dollar Savings Fund 0.99%
Principal Global Growth Fund 1.49% MPF Conservative Fund
Principal Core Accumulation Fundn 0.75% Principal
MPF Conservative Fundn 0.95%
Principal Long Term Accumulation Fund 1.49%
Principal Stable Yield Fund 1.49%
Principal Age 65 Plus Fundn 0.75%
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1. The information is provided by The Principal Financial Group (PFG) as of 30 June 2019, unless otherwise noted.2. The information is provided by The Principal Global Investor (PGI) as of 30 June 2019, unless otherwise noted. PGI is the investment
management division of PFG and the delegate of Principal Asset Management Company (Asia) Limited (PAM).3. Managers ranked by total worldwide assets as of 31 December 2018. “Largest Money Managers,” PENSIONS & INVESTMENTS, 27 May 2019,
out of 526 managers profiled, Principal Global Investors ranks 31.4. BENCHMARK House Awards received are based on the qualitative methodology and tools determined by BENCHMARK, Top Fund Awards
received are based on performance data provided by Refinitiv to BENCHMARK between 1 October 2017 and 30 September 2018. For details of source and assessment criteria, please refer to https://www.fundawards.asia/hk/result-announcement-2018.
5. The 2019 MPF Awards are based on Investment, Fees and Charges, and an assessment of overall services within the schemes as of 31 December 2018. For details of the source and assessment criteria, please refer to https://www.mpfratings.com.hk/ratings-and-awards/.
6. The calculation of 2018 Thomson Reuters Lipper Fund Awards Hong Kong is based on performance as of 31 December 2017. For details of methodology, please refer to www.lipperfundawards.com/Awards/HongKong.
7. Bloomberg BusinessWeek/Chinese Edition Top Fund Awards 2018’s Mutual Fund Awards were measured by market performance in the 12 months ended 30 September 2018 and the Mandatory Provident Fund Awards were assessed with 1-year, 5-year and 10-year total return figures. For details of source and assessment criteria, please refer to http://www.bbwhkevent.com/.
# Management fees at the constituent fund level is deducted from relevant constituent fund assets.n Management fee current level is refer to Class N units of following constituent funds - Principal MPF Conservative Fund, Principal Hang Seng
Index Tracking Fund, Principal Hong Kong Bond Fund, Principal Core Accumulation Fund and Principal Age 65 Plus Fund. For the rest of the constituent funds, the current level is refer to Class I units instead.
* Plus a guarantee charge of up to 1%.^ Plus management fee of 0.05% to 0.10% p.a. of NAV payable out of the underlying funds.Disclosure:1. This material is the property of Principal Trust Company (Asia) Limited (“the Company”) that no part of the material may be modified,
reproduced, transmitted, stored or distributed to any other person or incorporation in any format for any purposes without the Company’s prior written consent.
2. The information in this material has been derived from sources believed to be accurate and reliable. The content is for informational purpose only and is not a recommendation to buy or sell any securities nor a solicitation to deal in the products referred to. The information is subject to change without notice. The Company will not warrant or guarantee the accuracy and/or completeness of third-party content.
3. Investment involves risks. The value of the funds may go up or down. The past performance is not indicative of future performance. Your investment may suffer significant loss. There is no assurance on investment returns and you may not get back the amount originally invested. Investors should not invest in reliance on this marketing material alone. Investors should consider their own risk tolerance level, investment objective, individual needs and financial circumstances before making any investment choice. Investors should read the Principal Brochures of Principal MPF Scheme Series 800 and the related offering document for further details (including investment policy, risk factors, fee and charges of the constituent funds.) before making any investment choice.
Issuer of this material: Principal Trust Company (Asia) LimitedWebsite: www.principal.com.hk MPF Customer Service Hotline: 2827 1233Address: 30/F, Millennium City 6, 392 Kwun Tong Road, Kwun Tong, Kowloon, Hong Kong CO
MPF
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MB
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-201
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Rewards for Principal PA membersJoin Principal MPF Scheme Series 800 PA Program, eligible PA members of Principal MPF Scheme Series 800 will enjoy
management fee offer† and/or
one-off bonus units†
† For details please refer to Principal MPF Scheme Series 800 PA Programpromotional leaflet.
3. Fabulous OffersConsolidate your MPF Personal Accounts (PA)Consolidate all your MPF accrued benefits in one account to make your MPF accounts more manageable.Simply fill in the below forms and send to us: Personal Account Member Application Form and/or
Scheme Member's Request for Account Consolidation Form and/or
Scheme Member's Request for Fund Transfer Form and/or
Employee Choice Arrangement ("ECA") - Transfer Election Form
You may also download the relevant administration forms from www.principal.com.hk.
Forgot how many MPF PA do you have? You may go to MPFA e-Enquiry of Personal Account
(852) 2827 1233 [email protected]
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