MPF Fund Information - HSBC HK

HSBC MPF scheme and constituent funds

HSBC Mandatory Provident Fund – SuperTrust Plus offers a range of diversified investment options.

HSBC MPF Constituent Funds

HSBC Mandatory Provident Fund – SuperTrust Plus

Comprehensive choices

HSBC Mandatory Provident Fund - SuperTrust Plus offers 20 Constituent Funds. Members can choose a combination of Constituent Funds.

Fund Information at a glance

Investment objective and other particulars (if applicable)

The investment objective of the MPF Conservative Fund is to achieve a rate of return higher than that available for savings deposits.

Fees and charges of a MPF Conservative Fund can be deducted from either: (i) the assets of the MPF Conservative Fund or (ii) Members’ account by way of unit deduction. The MPF Conservative Fund under the HSBC Mandatory Provident Fund - SuperTrust Plus uses method (i) and therefore, its unit prices, NAV and fund performance quoted have reflected the impact of fees and charges.

Risk rating and Risk class

Information as at 30 September 2022, risk rating is 1 and risk class is 1.

Investment objective and other particulars (if applicable)

The investment objective of the Global Bond Fund is to achieve stable capital growth with low volatility.

Risk rating and Risk class

Information as at 30 September 2022, risk rating is 2 and risk class is 4.

Investment objective and other particulars (if applicable)

The investment objective of the Guaranteed Fund is to achieve long-term capital growth with low volatility whilst ensuring that the ‘Guarantee’ as defined in the MPF Scheme Brochure ‘Guarantee features’ is met.

The Guarantee in the Guaranteed Fund only applies under certain conditions. Please refer to ‘Guarantee features’ under Guaranteed Fund in the MPF Scheme Brochure for details of the guarantee features (including in the context of payment of accrued benefits in instalments) and the ‘Guarantee Conditions’.

The ‘Guaranteed Interest Rate’ will be determined by the Insurer at the beginning of each financial year but will never be less than zero per cent in any case.

Risk rating and Risk class

Information as at 30 September 2022, risk rating is 1 and risk class is 3.

Investment objective and other particulars (if applicable)

The investment objective of the Age 65 Plus Fund is to provide stable growth for the Members’ retirement savings by investing in a globally diversified manner.

The Age 65 Plus Fund, through its underlying investments, will hold 20 per cent of its assets in Higher Risk Assets (generally means equities or similar investments), with the remainder investing in Lower Risk Assets (including without limitation global bonds and money market instruments). The asset allocation to Higher Risk Assets may vary between 15 per cent and 25 per cent due to differing price movements of various equity and bond markets.

Risk rating and Risk class

Information as at 30 September 2022, risk rating is 1 and risk class is 4.

Investment objective and other particulars (if applicable)

The investment objective of the Core Accumulation Fund is to provide capital growth for the Members by investing in a globally diversified manner.

The Core Accumulation Fund, through its underlying investments, will hold 60 per cent of its net assets in Higher Risk Assets (generally means equities or similar investments), with the remainder investing in Lower Risk Assets (including without limitation global bonds and money market instruments). The asset allocation to Higher Risk Assets may vary between 55 per cent and 65 per cent due to differing price movements of various equity and bond markets.

Risk rating and Risk class

Information as at 30 September 2022, risk rating is 3 and risk class is 5.

Investment objective and other particulars (if applicable)

The investment objective of the Stable Fund is to achieve stable capital growth with low volatility.

Risk rating and Risk class

Information as at 30 September 2022, risk rating is 2 and risk class is 4.

Investment objective and other particulars (if applicable)

The investment objective of the Balanced Fund is to achieve medium to high capital growth with medium volatility.

Risk rating and Risk class

Information as at 30 September 2022, risk rating is 3 and risk class is 5.

Investment objective and other particulars (if applicable)

The investment objective of the Growth Fund is to achieve investment returns that maximise long-term capital growth potential with medium to high volatility.

Risk rating and Risk class

Information as at 30 September 2022, risk rating is 4 and risk class is 6.

Investment objective and other particulars (if applicable)

The investment objective of the Global Equity Fund is to achieve long-term capital growth.

Risk rating and Risk class

Information as at 30 September 2022, risk rating is 4 and risk class is 6.

30 June

Investment objective and other particulars (if applicable)

The investment objective of the North American Equity Fund is to achieve long-term capital growth.

Risk rating and Risk class

Information as at 30 September 2022, risk rating is 4 and risk class is 6.

Investment objective and other particulars (if applicable)

The investment objective of the European Equity Fund is to achieve long-term capital growth.

Risk rating and Risk class

Information as at 30 September 2022, risk rating is 4 and risk class is 6.

Investment objective and other particulars (if applicable)

The investment objective of the Asia Pacific Equity Fund is to achieve long-term capital growth.

Risk rating and Risk class

Information as at 30 September 2022, risk rating is 4 and risk class is 6.

Investment objective and other particulars (if applicable)

The investment objective of the Hong Kong and Chinese Equity Fund is to achieve long-term capital growth.

Through its underlying investments, the Hong Kong and Chinese Equity Fund primarily invests in a portfolio of carefully selected securities listed on the SEHK. The portfolio may be comprised of those Hong Kong-listed Chinese equities (including H-shares, red-chips and securities issued by companies deriving a preponderant part of their income and/or assets from China) and other securities listed on the SEHK. A portion of the investment portfolio indirectly held by the Hong Kong and Chinese Equity Fund may hold securities issued by companies deriving a preponderant part of their income and/or assets from Hong Kong and/or China that are listed on other stock exchanges. For the purpose of the investment objective of the Hong Kong and Chinese Equity Fund, China means the People’s Republic of China, and excludes Hong Kong, Macau and Taiwan.

Risk rating and Risk class

Information as at 30 September 2022, risk rating is 4 and risk class is 6.

Investment objective and other particulars (if applicable)

The investment objective of the Chinese Equity Fund is to achieve long-term capital growth.

Through its underlying investments, the Chinese Equity Fund primarily invests in a portfolio of carefully selected shares issued by companies deriving a preponderant part of their income and/or assets from China and listed on the SEHK, including but not limited to H-shares and red-chips. Up to 30 per cent of the non-cash assets of the investment portfolio indirectly held by the Chinese Equity Fund may include securities issued by companies deriving a preponderant part of their income and/or assets from China that are listed on other stock exchanges. For the purpose of the investment objective of the Chinese Equity Fund, China means the People’s Republic of China, and excludes Hong Kong, Macau and Taiwan.

Risk rating and Risk class

Information as at 30 September 2022, risk rating is 5 and risk class is 6.

Investment objective and other particulars (if applicable)

The investment objective of the ValueChoice Balanced Fund is to achieve long term capital growth.

Risk rating and Risk class

Information as at 30 September 2022, risk rating is 3 and risk class is 5.

Investment objective and other particulars (if applicable)

The investment objective of the ValueChoice North America Equity Tracker Fund is to match as closely as practicable the performance of the FTSE MPF North America Hedged Index by investing directly in an APIF (HSBC Pooled North America Equity Index Tracking Fund) with a similar investment objective.

Risk rating and Risk class

Information as at 30 September 2022, risk rating is 4 and risk class is 6.

Investment objective and other particulars (if applicable)

The investment objective of the ValueChoice Europe Equity Tracker Fund is to match as closely as practicable the performance of the FTSE MPF Europe Hedged Index by investing directly in an APIF (HSBC Pooled Europe Equity Index Tracking Fund) with a similar investment objective.

Risk rating and Risk class

Information as at 30 September 2022, risk rating is 4 and risk class is 6.

Investment objective and other particulars (if applicable)

The investment objective of the ValueChoice Asia Pacific Equity Tracker Fund is to match as closely as practicable the performance of the FTSE MPF Asia Pacific ex Japan Hedged Index by investing directly in an APIF (HSBC Pooled Asia Pacific ex Japan Equity Index Tracking Fund) with a similar investment objective.

Risk rating and Risk class

Information as at 30 September 2022, risk rating is 4 and risk class is 6.

Investment objective and other particulars (if applicable)

The investment objective of the Hang Seng China Enterprises Index Tracking Fund is to match as closely as practicable the performance of the Hang Seng China Enterprises Index by investing directly in an ITCIS (Hang Seng China Enterprises Index ETF) with a similar investment objective. Whilst the investment objective of the Hang Seng China Enterprises Index Tracking Fund and the underlying ITCIS is to track the Hang Seng China Enterprises Index, there can be no assurance that the performance of the Hang Seng China Enterprises Index Tracking Fund and the underlying ITCIS will at any time be identical to the performance of the Hang Seng China Enterprises Index.

Risk rating and Risk class

Information as at 30 September 2022, risk rating is 5 and risk class is 6.

Investment objective and other particulars (if applicable)

The investment objective of the Hang Seng Index Tracking Fund is to match as closely as practicable the performance of the Hang Seng Index by investing directly in an ITCIS (Hang Seng Index ETF) with a similar investment objective. Whilst the investment objective of the Hang Seng Index Tracking Fund and the underlying ITCIS is to track the Hang Seng Index, there can be no assurance that the performance of the Hang Seng Index Tracking Fund and the underlying ITCIS will at any time be identical to the performance of the Hang Seng Index.

Risk rating and Risk class

Information as at 30 September 2022, risk rating is 5 and risk class is 6.

Remarks

The investment objectives stated above only provides a brief description of the investment objectives of the Constituent Funds. Please refer to the MPF Scheme Brochure for further details.
It is important that you read this website in conjunction with the MPF Scheme Brochure which contains more detailed information about HSBC Mandatory Provident Fund - SuperTrust Plus including information on its fund structure, fees and charges and our rights to alter the fees and charges.
Additional voluntary contributions and tax deductible voluntary contributions are accepted at the discretion of the Trustee.
Investments involve 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 MPF Scheme Brochure.
If you're in doubt about the meaning or effect of the contents of this website, you should seek independent professional advice.
If you would like to raise any concerns or make a complaint, you can write to or call the Administrator or the Trustee. The Administrator or the Trustee will then investigate the situation and take necessary actions as soon as practicable.
The HSBC Mandatory Provident Fund - SuperTrust Plus consists of 20 Constituent Funds. 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 (formerly the Stable Growth Fund) were launched on 1 December 2000. The Chinese Equity Fund, Age 65 Plus Fund (formerly the Flexi-Managed Fund), Global Bond Fund and Stable Fund were launched on 8 October 2009. The Global Equity Fund, Hang Seng China Enterprises Index Tracking Fund (formerly the Hang Seng H-Share Index Tracking Fund), ValueChoice Asia Pacific Equity Tracker Fund (formerly the ValueChoice Asia Pacific Equity Fund), ValueChoice Balanced Fund, ValueChoice Europe Equity Tracker Fund (formerly the ValueChoice European Equity Fund) and ValueChoice North America Equity Tracker Fund (formerly the ValueChoice US Equity Fund) were launched on 1 July 2019.
From 12 November 2021, the ValueChoice Asia Pacific Equity Tracker Fund was renamed from the ValueChoice Asia Pacific Equity Fund. From 19 November 2021, the ValueChoice North America Equity Tracker Fund was renamed from the ValueChoice US Equity Fund. From 26 November 2021, the ValueChoice Europe Equity Tracker Fund was renamed from the ValueChoice European Equity Fund. From 3 December 2021, the Chinese name of the ValueChoice Balanced Fund was changed while its English name remained the same. The investment objective and balance of investments of the above Constituent Funds were changed on the respective aforesaid dates.
From 1 July 2019, the HSBC Mandatory Provident Fund - ValueChoice has been merged with the HSBC Mandatory Provident Fund - SuperTrust Plus (the 'Merger'). Each of the HSBC Mandatory Provident Fund – ValueChoice Constituent Funds has been merged with the relevant matching HSBC Mandatory Provident Fund - SuperTrust Plus Constituent Funds or replicated from the HSBC Mandatory Provident Fund - ValueChoice Constituent Funds to the HSBC Mandatory Provident Fund - SuperTrust Plus.
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 HSBC Mandatory Provident Fund - SuperTrust Plus is the DIS replacing the previous default fund which is 'MPF Conservative Fund'. The Age 65 Plus Fund and Core Accumulation Fund under the HSBC Mandatory Provident Fund - SuperTrust Plus have been renamed and converted from the Flexi-Managed Fund and Stable Growth Fund respectively when DIS commenced on 1 April 2017.
The risk class is prescribed by the Mandatory Provident Fund Schemes Authority according to the Code on Disclosure for MPF Investment Funds and the risk class has not been reviewed or endorsed by the Securities and Futures Commission.

Important information

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