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Update on various changes to the HSBC Mandatory Provident Fund - SuperTrust Plus (the ‘SuperTrust Plus’) (6 July 2021)

HSBC MPF always strive to deliver high level of MPF products and services at all times. We are pleased to announce that several changes will be effected with the effective dates set out as below: 

  • VC Equity Fund Restructuring: restructure 3 of our existing funds (collectively the ‘VC Equity Funds’) into index-tracking funds;
  • VC Balanced Fund Change: restructure the ValueChoice Balanced Fund such that its underlying investments will be predominantly passively managed; 
  • De-layering: simplify the investment structure of the equity funds (collectively the ‘Equity Funds’);
  • Name Change: change the names of the affected Constituent Funds, where applicable

Key Changes

Affected Constituent Funds
Effective Dates
De-layering:
-
  • Equity Funds excluding the VC Equity Funds
5 November 2021
VC Equity Fund Restructuring (together with the Name Change and the De-layering of the VC Equity Funds):
-
  • ValueChoice Asia Pacific Equity Fund
    -->ValueChoice Asia Pacific Equity Tracker Fund
12 November 2021
  • ValueChoice US Equity Fund
    -->ValueChoice North America Equity Tracker Fund
19 November 2021
  • ValueChoice European Equity Fund
    -->ValueChoice Europe Equity Tracker Fund
26 November 2021
VC Balanced Fund Change (together with the Name Change of the ValueChoice Balanced Fund):
-
  • ValueChoice Balanced Fund (no change in the English name but the Chinese name will be changed)
3 December 2021

Key Changes

Affected Constituent Funds
De-layering:
Effective Dates
-
Affected Constituent Funds
  • Equity Funds excluding the VC Equity Funds
Effective Dates
5 November 2021
Affected Constituent Funds
VC Equity Fund Restructuring (together with the Name Change and the De-layering of the VC Equity Funds):
Effective Dates
-
Affected Constituent Funds
  • ValueChoice Asia Pacific Equity Fund
    -->ValueChoice Asia Pacific Equity Tracker Fund
Effective Dates
12 November 2021
Affected Constituent Funds
  • ValueChoice US Equity Fund
    -->ValueChoice North America Equity Tracker Fund
Effective Dates
19 November 2021
Affected Constituent Funds
  • ValueChoice European Equity Fund
    -->ValueChoice Europe Equity Tracker Fund
Effective Dates
26 November 2021
Affected Constituent Funds
VC Balanced Fund Change (together with the Name Change of the ValueChoice Balanced Fund):
Effective Dates
-
Affected Constituent Funds
  • ValueChoice Balanced Fund (no change in the English name but the Chinese name will be changed)
Effective Dates
3 December 2021

With the above changes, the SuperTrust Plus will consist of a more comprehensive offering of Constituent Funds, with a suite of low-fee funds that are index-tracking or passively managed. We believe this can facilitate you to better differentiate the restructured funds from other active funds on our MPF platform, allowing you to make investment choices meeting your own investment styles, risk tolerance levels and personal circumstances. This, together with the de-layering change, can simplify the investment structure of the funds and enhance investment, administrative and operational efficiency. 

On the other hand, during a recent review of the management fee breakdown among key operators, we decided to adjust the fee breakdown with effect from 1 July 2021. While the fee components among different stakeholders were re-jiggled, the total management fee level payable by members remains unchanged. 

In addition, the statutory Annual Registration Fee has been effected from 1 October 2020 and we are liable for the payment of the fee starting from 1 July 2021. Please rest assured that the fee will be borne and shared among the key operators with no impact on you.

For further details of the above, please refer to the Notice to Scheme Participants, First Supplement to the MPF Scheme Brochure and frequently asked questions.

Important notes

  • The information contained in this website is for reference only and will be updated from time to time without notice. The provisions of the Mandatory Provident Fund Schemes Ordinance, other applicable legislation/regulations and guidelines or announcements published by the Mandatory Provident Fund Schemes Authority shall prevail for any information on MPF system. If you are in doubt about the meaning or the effect of the contents of this website, you should seek independent professional advice.
  • 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 MPF Scheme Brochure.