SuperTrust

MPF Conservative Fund

Guaranteed Fund

Balanced Fund

Growth Fund

Hang Seng Index Tracking Fund

MPF Conservative Fund

Investment strategy	Investment risk	Fund type
Conservative	Low	Money market fund

Objective

The investment objective of the MPF Conservative Fund is to achieve a rate of return higher than that available for savings deposits. This Fund shall be invested in an authorised unit trust (HSBC MPF 'A' - MPF Conservative Fund) comprised entirely of high grade Hong Kong dollars denominated monetary instruments such as treasury bills, bills of exchange, commercial paper, certificates of deposit or interbank deposits; and other ancillary investments as allowed under the General Regulation. Such investments will have an average portfolio remaining maturity of not more than 90 days.

Typical Asset Allocation

An authorised unit trust comprised entirely of high grade Hong Kong dollar denominated monetary instruments: 100%

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. This fund uses method (ii) and, therefore, its unit prices, net asset value (NAV) or fund performance quoted (except for the fund performance figures quoted in a Fund Fact Sheet) do not reflect the impact of fees and charges.

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Guaranteed Fund

Investment strategy	Investment risk	Fund type
Conservative	Low	Guaranteed fund

Objective

The investment objective of the Guaranteed Fund is to achieve long-term capital growth with low volatility whilst ensuring that the Guarantee is met. This Fund shall be invested in an insurance policy (MPF Guaranteed Fund) investing in a diversified portfolio that normally comprises global bonds, equities and cash.

Additional information

The Actual Balance is the value of the units held in the Guaranteed Fund in respect of a Member or a Deferred Member. The Guaranteed Balance is a nominal balance. It is calculated by taking the value of the Guaranteed Balance as of the beginning of the financial year, adding contributions in respect of the Member or Deferred Member that have been applied to purchase units during the year up to that day, accumulated at the Guaranteed Interest Rate; and deducting a portion of the Guaranteed Balance corresponding to amounts withdrawn from the Guaranteed Fund during that financial year. The Guaranteed Interest Rate will be determined by the Insurer, HSBC Life (International) Limited, at the beginning of each financial year but will never be less than zero per cent in any case. Participating Employers and Members may call the MPF hotlines or access any other service channels specified by the Administrator to check the Guaranteed Interest Rate.

The Guarantee will not apply to any amount that is withdrawn from the Guaranteed Fund other than under the Guarantee Conditions as listed below. Thus the Guarantee will not apply in the following conditions:

• money switching between Constituent Funds
• transfer of monies when the employer chooses another service provider
• transfer of monies to another service provider by a Deferred Member not upon the Guarantee Conditions listed below

There is a dilution of performance due to the guarantee structure of the Guaranteed Fund and its insurance policy, and a guarantee fee is payable to the Insurer

Members investing in the Guaranteed Fund who do not hold their investments until the date or events where one of the Guarantee Conditions set out in the Principal Brochure is met are subject to market fluctuation and investment risks.

Guarantee Conditions
(Unless otherwise agreed in writing between the Participating Employer, the Member and the Trustee) The transfer of balances in respect of a Member or a Deferred Member from the Guaranteed Fund to a recipient scheme (including the existing scheme) on termination of employment, or withdrawal of mandatory and/or voluntary balances by a Member or a Deferred Member from the Guaranteed Fund arising as a result of a payment made under the rules of the scheme with respect to one of the following:

• Termination of employment
• Reaching retirement age or normal retirement date
• Death
• Reaching early retirement date
• Total incapacity
• Permanent departure from the Hong Kong SAR
• Making a claim on small balance account under section 162(1)(c) of the General Regulation

Typical Asset Allocation

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Balanced Fund

Investment strategy	Investment risk	Fund type
Moderate	Medium	Mixed assets fund

Objective

The investment objective of the Balanced Fund is to achieve medium-high capital growth with medium volatility. This Fund shall be invested in an authorised unit trust (HSBC MPF 'A' - Balance Fund) investing in a diversified portfolio that normally comprises global bonds and equities with heavier weighting in equities. Such investments will be made through further pooled investment funds.

Typical Asset Allocation

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Growth Fund

Investment strategy	Investment risk	Fund type
Aggressive	High	Mixed assets fund

Objective

The investment objective of the Growth Fund is to achieve investment returns that maximise long-term capital growth potential with medium-high volatility. This Fund shall be invested in an authorised unit trust (HSBC MPF 'A' - Growth Fund) investing in a diversified portfolio that normally comprises global equities, with an emphasis on Asian markets. Such investments will be made through further pooled investment funds.

Typical Asset Allocation

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Hang Seng Index Tracking Fund

Investment strategy	Investment risk	Fund type
Aggressive	High	Equity fund

Objective

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 approved ITCIS (Hang Seng Index ETF) with a similar investment objective or investing indirectly in an approved ITCIS with a similar investment objective through a pooled investment fund.

Whilst the investment objective of the Hang Seng Index Tracking Fund and the underlying approved ITCIS is to track the Hang Seng Index, there can be no assurance that the performance of the Hang Seng Index Tracking Fund will at any time be identical to the Hang Seng Index.

Typical Asset Allocation

Constituent stocks of the Hang Seng Index and related financial instruments: 100%

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