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HSBC Mandatory Provident Fund - SuperTrust Plus vs Sun Life Rainbow MPF Scheme: Data Comparison (as of 2026-09-30)

As of 2026-09-30, HSBC Mandatory Provident Fund - SuperTrust Plus had 20 constituent funds with a median FER of 0.90%; Sun Life Rainbow MPF Scheme had 31 with a median of 1.58%. This page lays out facts side by side, with no verdict. Past performance is not indicative of future results.

Important: Historical data for general information only — not investment advice or a recommendation of any fund, and it does not consider anyone's objectives or circumstances. Past performance is not indicative of future results; prices can go down as well as up. MPFA-published returns and fees are as of 2026-09-30; site-calculated metrics (annualised return, volatility, max drawdown) use month-end prices 2020-07 – 2026-09 and may contain errors or delays. Before any decision, read the trustee's offering documents and MPFA information, and consult a licensed or registered professional where appropriate. Full disclaimer · Methodology

Scheme overview

	HSBC Mandatory Provident Fund - SuperTrust Plus	Sun Life Rainbow MPF Scheme
Trustee	HSBC Provident Fund Trustee (Hong Kong) Limited	Sun Life Trustee Company Limited
Constituent funds	20	31
Total assets	HK$302.4bn	HK$187.3bn
Median FER	0.90%	1.58%
FER range	0.77%–2.05%	0.77%–2.03%
Median 5y return*	+3.62%	+1.27%
Categories covered	15	18
eMPF onboarding	2026-01-29	2025-10-03

* Funds with a 5-year record only; the fund mixes differ, so medians are not like-for-like.

Same-category funds side by side

US equity

HSBC Mandatory Provident Fund - SuperTrust Plus	Sun Life Rainbow MPF Scheme
North American Equity Fund 5y +11.65% · FER 1.32% · MDD -23.67% · 75m ValueChoice North America Equity Tracker Fund 5y +11.55% · FER 0.82% · MDD -24.66% · 75m	Sun Life MPF US Equity Fund 5y n/a · FER 1.32% · MDD -9.87% · 40m

Global equity

HSBC Mandatory Provident Fund - SuperTrust Plus	Sun Life Rainbow MPF Scheme
Global Equity Fund 5y +11.15% · FER 0.82% · MDD -23.62% · 75m	Sun Life MPF Global Low Carbon Index Fund 5y n/a · FER 1.17% · MDD -7.57% · 40m Sun Life MPF Multi-Sector Equity Fund - Class A 5y +9.39% · FER 1.80% · MDD -25.77% · 75m Sun Life MPF Multi-Sector Equity Fund - Class B 5y +9.59% · FER 1.60% · MDD -25.66% · 75m

HK index tracking

HSBC Mandatory Provident Fund - SuperTrust Plus	Sun Life Rainbow MPF Scheme
Hang Seng Index Tracking Fund 5y +2.71% · FER 0.78% · MDD -47.60% · 75m	Sun Life FTSE MPF Hong Kong Index Fund - Class A 5y +1.06% · FER 0.92% · MDD -51.59% · 75m Sun Life FTSE MPF Hong Kong Index Fund - Class B 5y +1.06% · FER 0.92% · MDD -51.59% · 75m

Hong Kong equity

HSBC Mandatory Provident Fund - SuperTrust Plus	Sun Life Rainbow MPF Scheme
Hong Kong and Chinese Equity Fund 5y +0.11% · FER 1.49% · MDD -48.26% · 75m	Sun Life MPF Hong Kong Equity Fund - Class A 5y -2.33% · FER 1.81% · MDD -48.42% · 75m Sun Life MPF Hong Kong Equity Fund - Class B 5y -2.15% · FER 1.61% · MDD -48.27% · 75m

Core Accumulation Fund (DIS)

HSBC Mandatory Provident Fund - SuperTrust Plus	Sun Life Rainbow MPF Scheme
Core Accumulation Fund 5y +6.15% · FER 0.78% · MDD -18.76% · 75m	Sun Life MPF Core Accumulation Fund 5y +6.03% · FER 0.78% · MDD -19.79% · 75m

Age 65 Plus Fund (DIS)

HSBC Mandatory Provident Fund - SuperTrust Plus	Sun Life Rainbow MPF Scheme
Age 65 Plus Fund 5y +0.66% · FER 0.78% · MDD -15.16% · 75m	Sun Life MPF Age 65 Plus Fund 5y +0.48% · FER 0.77% · MDD -16.40% · 75m

MPF Conservative Fund

HSBC Mandatory Provident Fund - SuperTrust Plus	Sun Life Rainbow MPF Scheme
MPF Conservative Fund 5y +2.34% · FER 0.77% · MDD 0.00% · 75m	Sun Life MPF Conservative Fund - Class A 5y +2.20% · FER 0.90% · MDD -0.02% · 75m Sun Life MPF Conservative Fund - Class B 5y +2.21% · FER 0.90% · MDD -0.01% · 75m

Global bond

HSBC Mandatory Provident Fund - SuperTrust Plus	Sun Life Rainbow MPF Scheme
Global Bond Fund 5y -2.61% · FER 0.82% · MDD -23.63% · 75m	Sun Life MPF Global Bond Fund - Class A 5y -2.49% · FER 1.78% · MDD -19.64% · 75m Sun Life MPF Global Bond Fund - Class B 5y -2.31% · FER 1.58% · MDD -19.33% · 75m

5y = MPFA 5-year annualised return; FER = fund expense ratio; MDD = our month-end max drawdown 2020-07 to 2026-09; m = months of prices.

MPF transfer guide · Fees guide

FAQ

Which is better, HSBC Mandatory Provident Fund - SuperTrust Plus or Sun Life Rainbow MPF Scheme?

We do not rate or recommend. The schemes differ on fees, fund range and historical returns, and suitability depends on individual circumstances; the tables only show facts. For personal advice, consult a registered MPF intermediary.

How do fees differ?

HSBC Mandatory Provident Fund - SuperTrust Plus: median FER 0.90% (0.77%–2.05%); Sun Life Rainbow MPF Scheme: median 1.58% (0.77%–2.03%). Data as of 2026-09-30.

Can I move between schemes?

Transfers depend on MPFA rules and your employment (e.g. the Employee Choice Arrangement covers only the employee mandatory portion). See our transfer guide.