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Hang Seng MPF > Unit Prices and Performance > Fund Cumulative Performance
Fund Cumulative Performance
Important Notes
 
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  1. The Hang Seng Mandatory Provident Fund – SuperTrust Plus is a mandatory provident fund scheme.
  2. 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 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) most suitable for you taking into account your circumstances.
  3. You should consider your own risk tolerance level and financial circumstances before investing in the MPF Default Investment Strategy. You should note that the DIS constituent funds, namely, the Core Accumulation Fund and the Age 65 Plus Fund, may not be suitable for you, and there may be a risk mismatch between the DIS constituent funds 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.
  4. You should note that the implementation of the DIS may have an impact on your MPF investments and benefits. We recommend that you consult with the Trustee if you have doubts on how you are being affected.
  5. The Guaranteed Fund invests solely in an approved pooled investment fund in the form of an insurance policy provided by HSBC Life (International) Limited. The guarantee is also given by HSBC Life (International) Limited. Your investments in the Guaranteed Fund, if any, are therefore subject to the credit risks of HSBC Life (International) Limited. Please refer to the 'Warning' section under 'Guaranteed Fund' in Part II - Fund Structure of the 'Principal Brochure' for details of the credit risk.
  6. The guarantee in the Guaranteed Fund only applies under certain conditions. Please refer to the ‘Guarantee features‘ section under ‘Guaranteed Fund‘ in Part II – Fund Structure of the ‘Principal Brochure’ for full details of the guarantee features and Guarantee Conditions, including the guarantee features in the context of payment of benefits in instalments.
  7. MPF Benefits, AVC Benefits and TVC Benefits payable on a Member's 65th birthday or early retirement on or after his/her reaching age 60 can be paid in one lump sum or in instalments, at the Member's election (in such form and on such terms as the Trustee may, to the extent not prohibited by the 'MPF Ordinance' or General Regulation, prescribe). Please refer to the 'Payment of MPF Benefits, AVC Benefits and TVC Benefits' section under 'Payment of benefits' in Part I - Product Information of the 'Principal Brochure' for full details.
  8. You should not invest based on this page alone and should read the 'Principal Brochure'.
  9. Investment involves risks. Past performance is not indicative of future performance. The value of financial instruments, in particular stocks and shares, and any income from such financial instruments, may go down as well as up. For further details including the product features and risks involved, please refer to the 'Principal Brochure'.
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Hang Seng Mandatory Provident Fund - ValueChoice has been merged into Hang Seng Mandatory Provident Fund - SuperTrust Plus from 1 July 2019.
 
 
 

 

The following table shows the cumulative performance for the constituent funds under Hang Seng Mandatory Provident Fund – SuperTrust Plus since the launch date* of respective constituent funds. 

 

Name of Constituent Fund

6 months
(%)

1 year
(%)

3 years
(%)

5 years
(%)

Cumulative performance of Global Equity Fund, Hang Seng China Enterprises Index Tracking Fund, ValueChoice Asia Pacific Equity Fund, ValueChoice Balanced Fund, ValueChoice European Equity Fund and ValueChoice US Equity Fund under Hang Seng Mandatory Provident Fund – SuperTrust Plus would be shown six months after its launch date.

 

 

 

The following table shows the cumulative performance for the Global Equity Fund, Hang Seng China Enterprises Index Tracking Fund, ValueChoice Asia Pacific Equity Fund, ValueChoice Balanced Fund, ValueChoice European Equity Fund and ValueChoice US Equity Fund under Hang Seng Mandatory Provident Fund - SuperTrust Plus since the launch date** as a constituent fund under Hang Seng Mandatory Provident Fund – ValueChoice. 

 

Name of Constituent Fund

6 months
(%)

1 year
(%)

3 years
(%)

5 years
(%)

(%)

 

 

 

The following table shows the cumulative performance for the Global Equity Fund, Hang Seng China Enterprises Index Tracking Fund, ValueChoice Asia Pacific Equity Fund, ValueChoice Balanced Fund, ValueChoice European Equity Fund and ValueChoice US Equity Fund under Hang Seng Mandatory Provident Fund – ValuneChoice since the launch date** as a constituent fund under Hang Seng Mandatory Provident Fund – ValueChoice as of 28 June 2019. 

 

Name of Constituent Fund

6 months
(%)

1 year
(%)

3 years
(%)

5 years
(%)

Cumulative Performance since launch up to 28 June 2019(%)

Global Equity Fund

+13.39

+2.59

+31.04

-

+31.04

Hang Seng China Enterprises Index Tracking Fund

+9.18

+1.56

+33.56

+19.63

-2.50

ValueChoice Asia Pacific Equity Fund

+9.14

-0.42

+33.86

+15.54

+18.20

ValueChoice Balanced Fund

+10.05

+1.42

+25.51

+20.60

+35.80

ValueChoice European Equity Fund

+15.72

+2.20

+32.35

+14.39

+39.10

ValueChoice US Equity Fund

+18.03

+7.52

+44.93

+52.67

+125.80

 
 
 
The following table shows the cumulative performance for the Age 65 Plus Fund and the Core Accumulation Fund under Hang Seng Mandatory Provident Fund – SuperTrust Plus since they launch as a constituent fund of DIS on 1 April 2017.
 

Name of Constituent Fund

6 months
(%)

1 year
(%)

3 years
(%)

5 years
(%)

(%)

 
 
 
The following table shows the cumulative performance of Flexi-Managed Fund and Stable Growth Fund of Hang Seng Mandatory Provident Fund – SuperTrust Plus as of 31 March 2017 (ie before rename and conversion to become a DIS constituent fund).
 

Name of Constituent Fund

6 months
(%)

1 year
(%)

3 years
(%)

5 years
(%)

Cumulative Performance since launch up to 31 Mar 2017(%)

Flexi-Managed Fund

-0.71

+1.36

+4.01

+9.41

+11.60

Stable Growth Fund

+0.06

+5.24

+3.13

+12.66

+64.60

 
Source: Scheme Administrator - The Hongkong and Shanghai Banking Corporation Limited
 
1. From 1 April 2017, the Default Investment Strategy (‘DIS’) has been launched and it comprises the Age 65 Plus Fund and the Core Accumulation Fund. The default investment arrangement of the Hang Seng Mandatory Provident Fund — SuperTrust Plus is the DIS replacing the previous default fund which is ‘MPF Conservative Fund’.

2. The Age 65 Plus Fund and Core Accumulation Fund under the Hang Seng Mandatory Provident Fund – SuperTrust Plus have been renamed and converted from Flexi-Managed Fund and Stable Growth Fund respectively when DIS commenced on 1 April 2017.

3. From 1 July 2019, the Hang Seng Mandatory Provident Fund - ValueChoice has been merged into the Hang Seng Mandatory Provident Fund - SuperTrust Plus (the 'Merger'). For the cumulative performance of the constituent funds of the Hang Seng Mandatory Provident Fund - ValueChoice before the Merger, please refer to 'Fund Fact Sheet' and 'Monthly Fund Performance Summary' with information before or as at 30 June 2019.

4. Please refer to 'Monthly Fund Performance Summary' for the information on the calendar year return of constituent funds of the immediately preceding 5 years.

5. The Age 65 Plus Fund, Core Accumulation Fund, Global Bond Fund, Hang Seng Index Tracking Fund and MPF Conservative Fund under the Hang Seng Mandatory Provident Fund – ValueChoice share the same names, investment objectives and policies, fee levels and fees and charges structure with the existing constituent funds under the Hang Seng Mandatory Provident Fund – SuperTrust Plus. Therefore, the above constituent funds (except the Core Accumulation Fund) have been merged into the existing constituent funds with the same unit price immediately before and after the Merger on 1 July 2019. Since the Core Accumulation Fund under the Hang Seng Mandatory Provident Fund – SuperTrust Plus and the Hang Seng Mandatory Provident Fund – ValueChoice were converted from different constituent funds and resulted in different unit prices, but the balance of the constituent fund immediately before and after the Merger would be the same. The unit price difference will not have any financial impact, whether immediate or ongoing.

6. The constituent funds of the Hang Seng Mandatory Provident Fund – SuperTrust Plus are all denominated in Hong Kong dollars and their unit prices are based on the net asset value of each constituent fund and quoted for indication only. Cumulative performance is calculated in Hong Kong dollars on the basis of NAV-to-NAV (net asset value).

7. Fees and charges of an MPF Conservative Fund can be deducted from either (i) the assets of the fund or (ii) members' account by way of unit deduction.

From 1 July 2015, the fees and charges deduction method of MPF Conservative Fund of the Hang Seng Mandatory Provident Fund – SuperTrust Plus has changed from method (ii) to method (i). Therefore, the unit prices, net asset value (NAV) and fund performance of MPF Conservative Fund quoted have reflected the impact of fees and charges for the period starting from 1 July 2015.

Before 1 July 2015, the unit prices, NAVs and the fund performance quoted for MPF Conservative Fund have not reflected the impact of fees and charges. The fund performance figures of the MPF Conservative Fund strictly for the period(s) ended before 1 July 2015 are calculated before fees and charges are deducted from the fund, and such fees and charges are deducted according to method (ii).

For fund performance figures of the MPF Conservative Fund quoted for the period that has started before 1 July 2015 and ended/ will be ending on or after 1 July 2015, the fund performance figures would not reflect the actual performance of the fund because it has taken into account both (i) the period which has excluded the impact of fees and charges (ie the period covered before 1 July 2015) and (ii) the period which has included the impact of fees and charges (ie the period covered on or after 1 July 2015).

8. For the Hang Seng Mandatory Provident Fund - SuperTrust Plus, the joining fee, annual fee, contribution charge, offer spread, bid spread and withdrawal charge are currently waived or not applicable (for more details, please refer to the ‘Principal Brochure’). Increases in the fees and charges of the Hang Seng Mandatory Provident Fund - SuperTrust Plus, constituent funds or their underlying approved pooled investment funds and/or approved index-tracking collective investment schemes are subject to a three months' prior notice (or such shorter period permitted by law and the Hang Seng 'Master Trust Deed') to Members of the Hang Seng Mandatory Provident Fund - SuperTrust Plus.

9. For more details on the constituent funds, fees and charges, including other charges payable by the constituent funds and handling charges, please refer to the ‘Principal Brochure’.

* The Asia Pacific Equity Fund, Balanced Fund, European Equity Fund, Growth Fund, Guaranteed Fund, Hang Seng Index Tracking Fund, Hong Kong and Chinese Equity Fund, MPF Conservative Fund, North American Equity Fund and Core Accumulation Fund (was renamed and converted from Stable Growth Fund for DIS purposes) under the Hang Seng Mandatory Provident Fund - SuperTrust Plus were launched on 1 December 2000. The Chinese Equity Fund, Age 65 Plus Fund (was renamed and converted from Flexi-Managed Fund for DIS purposes), Global Bond Fund and Stable Fund under the Hang Seng Mandatory Provident Fund - SuperTrust Plus were launched on 8 October 2009. For the purpose of the Merger, the Global Equity Fund, Hang Seng China Enterprises Index Tracking Fund, ValueChoice Asia Pacific Equity Fund, ValueChoice Balanced Fund, ValueChoice European Equity Fund and ValueChoice US Equity Fund were replicated in all aspects with identical investment objectives and policies, fee levels, fees and charges structure with the corresponding constituent funds under the Hang Seng Mandatory Fund – ValueChoice and they were launched under the Hang Seng Mandatory Provident Fund – SuperTrust Plus on 1 July 2019. For the past fund performance of the corresponding constituent funds under the Hang Seng Mandatory Provident Fund – ValueChoice, please refer to the “Unit Prices and Performance” section in this website.

** The Global Bond Fund, Hang Seng Index Tracking Fund, Hang Seng China Enterprises Index Tracking Fund (was renamed from Hang Seng H-Share Index Tracking Fund to better reflect the constituents of the Hang Seng China Enterprises Index which Red-chips and private enterprises are eligible as the index constituents), MPF Conservative Fund, ValueChoice Asia Pacific Equity Fund, ValueChoice Balanced Fund, ValueChoice European Equity Fund, Core Accumulation Fund (was renamed and converted from ValueChoice Stable Growth Fund for DIS purposes) and ValueChoice US Equity Fund under the Hang Seng Mandatory Provident Fund – ValueChoice were launched on 24 March 2011. The Global Equity Fund and Age 65 Plus Fund were launched on 1 July 2016 for the purpose of scheme restructure which effected on 1 July 2016 and 1 April 2017 for DIS purposes respectively. Each of the Hang Seng Mandatory Provident Fund – ValueChoice constituent funds has been merged into the relevant matching Hang Seng Mandatory Provident Fund - SuperTrust Plus constituent fund or replicate Hang Seng Mandatory Provident Fund - ValueChoice constituent fund under Hang Seng Mandatory Provident Fund - SuperTrust Plus on 1 July 2019.


Investment involves risks. Past performance is not indicative of future performance. The value of financial instruments, in particular stocks and shares, and any income from such financial instruments, may go down as well as up. For further details including the product features and risks involved, please refer to the 'Principal Brochure'.

The MPF information provided in this website is for reference only, which may be subject to adjustment or correction from time to time without any notice. The relevant information after adjustment or correction may vary. The information provided above should not be regarded as investment advice. You should not rely on the above information when making any investment choices for your MPF account(s).

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