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Hang Seng MPF > Unit Prices and Performance > Fund Cumulative Performance
Fund Cumulative Performance


    1. The Hang Seng Mandatory Provident Fund – SuperTrust Plus and ValueChoice are mandatory provident fund schemes.
    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 under Hang Seng Mandatory Provident Fund – SuperTrust Plus 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' of Hang Seng Mandatory Provident Fund - SuperTrust Plus 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‘ of Hang Seng Mandatory Provident Fund - SuperTrust Plus 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 and AVC 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 and AVC Benefits' section under 'Payment of benefits' in Part I - Product Information of the relevant 'Principal Brochure' for full details.
    8. You should not invest based on this page alone and should read the relevant '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 relevant 'Principal Brochure'.





The following table shows the cumulative performance for the constituent funds under Hang Seng Mandatory Provident Fund – SuperTrust Plus since the launch date7 of respective constituent funds.

Name of Constituent Fund

6 months
(%)

1 year
(%)

3 years
(%)

5 years
(%)

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 - HSBC Life (International) Limited
  1. From 1 April 2017, the Default Investment Strategy (‘DIS’) has been launched and it comprises the Age 65 Plus Fund and Core Accumulation Fund. The default investment arrangement of the Hang Seng Mandatory Provident Fund — SuperTrust Plus and ValueChoice will be the DIS replacing the previous default fund which is ‘MPF Conservative Fund’.

  2. The Age 65 Plus Fund and Core Accumulation Fund under 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. The Core Accumulation Fund under Hang Seng Mandatory Provident Fund – ValueChoice has been renamed and converted from ValueChoice Stable Growth Fund when DIS commenced on 1 April 2017.

  4. The Age 65 Plus Fund under Hang Seng Mandatory Provident Fund – ValueChoice has been launched when DIS commenced on 1 April 2017.

  5. From 1 July 2016, Hang Seng Mandatory Provident Fund – SuperTrust has been merged into the Hang Seng Mandatory Provident Fund – SuperTrust Plus and Hang Seng Mandatory Provident Fund – SimpleChoice has been merged into the Hang Seng Mandatory Provident Fund – ValueChoice (the 'Merger'). For the cumulative performance of constituent funds of Hang Seng Mandatory Provident Fund – SuperTrust and Hang Seng Mandatory Provident Fund – SimpleChoice before the Merger, please refer to “Fund Fact Sheet” and “Monthly Fund Performance Summary” with information before or as at 30 June 2016.

  6. Please refer to 'Monthly Fund Performance Summary' for the information on the returns of constituent funds of the immediately preceding 5 years.

  7. 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 Stable Growth Fund under Hang Seng Mandatory Provident Fund - SuperTrust Plus were launched on 1 December 2000. The Chinese Equity Fund, Flexi-Managed Fund, Global Bond Fund and Stable Fund under Hang Seng Mandatory Provident Fund – SuperTrust Plus were launched on 8 October 2009. The Age 65 Plus Fund and Core Accumulation Fund under Hang Seng Mandatory Provident Fund - SuperTrust Plus were respectively renamed and converted from Flexi-Managed Fund and Stable Growth Fund on 1 April 2017 for DIS purposes. The corresponding investment objective and asset allocation for these two constituent funds were changed on the same day.

  8. The Global Bond Fund, Hang Seng Index Tracking Fund, Hang Seng H-Share Index Tracking Fund, MPF Conservative Fund, ValueChoice Asia Pacific Equity Fund, ValueChoice Balanced Fund, ValueChoice European Equity Fund, ValueChoice Stable Growth Fund and ValueChoice US Equity Fund under Hang Seng Mandatory Provident Fund - ValueChoice were launched on 24 March 2011. The Global Equity Fund under Hang Seng Mandatory Provident Fund - ValueChoice was launched on 1 July 2016 due to the Merger. The Age 65 Plus Fund under Hang Seng Mandatory Provident Fund - ValueChoice was launched on 1 April 2017 for DIS purposes. The Core Accumulation Fund under Hang Seng Mandatory Provident Fund - ValueChoice was renamed and converted from ValueChoice Stable Growth Fund on 1 April 2017 for DIS purposes. The investment objective and asset allocation for this constituent funds was changed on the same day. The Hang Seng China Enterprises Index Tracking Fund was renamed from Hang Seng H-Share Index Tracking Fund on 5 March 2018 in order to better reflect the constituents of the Hang Seng China Enterprises Index which Red-chips and private enterprises are eligible as the index constituents effective from March 2018.

  9. The constituent funds of Hang Seng MPF schemes 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).

  10. 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 Hang Seng Mandatory Provident Fund – SuperTrust Plus and ValueChoice 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).

  11. For Hang Seng Mandatory Provident Fund - SuperTrust Plus, the joining fee, contribution charge# and offer spread# are currently waived. The annual fee, bid spread and withdrawal charge are not applicable. For Hang Seng Mandatory Provident Fund - ValueChoice, the joining fee, annual fee, contribution charge, offer spread, bid spread and withdrawal charge are not applicable. Increases in the fees and charges of the relevant Hang Seng master trust schemes, constituent funds or underlying pooled investment funds are subject to a three months’ prior notice (or such shorter period permitted by law and the relevant Hang Seng ‘Master Trust Deed’) to members of the relevant Hang Seng master trust schemes.

    # Not applicable to MPF Conservative Fund

  12. 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 relevant ‘Principal Brochure’.

    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 relevant '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).

Issued by Hang Seng Bank Limited
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