North American Equity Fund: Performance & Fees (data as of 2026-09-30)
North American Equity Fund (AIA MPF - Prime Value Choice) had an MPFA-published 5-year annualised return of +11.60% and an FER of 1.67%; its month-end max drawdown over 2020-07 – 2026-09 was -22.97%. It ranked 4 of 12 US equity funds with a 5-year record by 5-year return. Past performance is not indicative of future results.
Data as of 2026-09-30MPFA Fund Platform pageLast updated 2026-10-21
* MPFA-published. † Calculated by us from 75 month-end prices, 2020-07-31 to 2026-09-30.
Returns vs category median
| Period | North American Equity Fund | Category median (n=20) |
|---|---|---|
| 1y | +14.05% | +14.38% |
| 5y p.a. | +11.60% | +11.55% |
| 10y p.a. | +12.43% | +12.67% |
| 2025 | +12.92% | +15.32% |
| 2024 | +21.46% | +21.76% |
| 2023 | +22.94% | +24.30% |
| 2022 | -17.73% | -19.58% |
| 2021 | +27.16% | +26.46% |
| Max drawdown† | -22.97% | -24.20% |
| FER | 1.67% | 1.06% |
Growth of HK$10,000 (2020-07-31 to 2026-09-30)
Unit prices are net of fund charges; assumes a one-off HK$10,000 with no further contributions. Historical illustration only, not a projection.
| Date | HK$ |
|---|---|
| 2020-07-31 | 10,000 |
| 2020-12-31 | 11,387 |
| 2021-12-31 | 14,479 |
| 2024-12-31 | 17,787 |
| 2025-12-31 | 20,085 |
| 2026-09-30 | 22,637 |
Largest drawdown
From a month-end peak on 2021-12-31 to a trough on 2022-09-30: -22.97%; regained the prior peak by 2023-12-29. A 50% fall needs a 100% gain to recover.
Category peers (by 5-year return)
| Fund | Scheme | 5y ann.* | FER* | Months† | Max drawdown† |
|---|---|---|---|---|---|
| American Fund | AIA MPF - Prime Value Choice | +12.01% | 0.83% | 75 | -24.35% |
| North American Equity Fund | HSBC Mandatory Provident Fund - SuperTrust Plus | +11.65% | 1.32% | 75 | -23.67% |
| North American Equity Fund | Hang Seng Mandatory Provident Fund - SuperTrust Plus | +11.65% | 1.32% | 75 | -23.67% |
| BOC-Prudential North America Index Tracking Fund | BOC-Prudential Easy-Choice Mandatory Provident Fund Scheme | +11.55% | 1.00% | 75 | -24.94% |
| ValueChoice North America Equity Tracker Fund | HSBC Mandatory Provident Fund - SuperTrust Plus | +11.55% | 0.82% | 75 | -24.66% |
* Published by the MPFA (data as of 2026-09-30). † Calculated by this site from month-end unit prices, 2020-07 to 2026-09; "Months" = number of month-end prices available — figures from short histories are less reliable. n/a = not available. Click a column header to sort.
About the fund
- Scheme: AIA MPF - Prime Value Choice
- Trustee: AIA Company (Trustee) Limited
- MPFA fund type: Equity Fund - North America
- Launch date: 2002-01-01
- Management fee (as disclosed): Up to 1.205% p.a.
The trustee's offering document (MPF scheme brochure) is the authoritative source for objectives and fees.
Download month-end prices (CSV) · Methodology · All US equity funds · eMPF switching guide
Cite as: MPF Watch (mpfwatch.com), MPFA data as of 2026-09-30.
FAQ
How is North American Equity Fund's return calculated?
1/5/10-year figures are MPFA-published annualised returns (as of 2026-09-30), net of fund charges. We separately calculate +14.17% annualised from month-end unit prices 2020-07 – 2026-09.
What does North American Equity Fund charge?
MPFA-published FER is 1.67%; the category median is 1.06%. Management fee is listed as "Up to 1.205% p.a.".
How risky has North American Equity Fund been?
MPFA risk class 5 (1–7). Month-end max drawdown over 2020-07 – 2026-09 was -22.97% (2021-12-31 to 2022-09-30), annualised volatility 15.34%. Month-end data understates intra-month falls.
Is this fund capital-guaranteed?
No. It is in the "US equity" category; prices can fall and capital can be lost.
How do fund switches work?
Switching is generally done through the eMPF Platform or the trustee; we do not give switching advice. See our eMPF switching guide.