MPF MPF Conservative Fund Performance (data as of 2026-09-30)
As of 2026-09-30, 29 MPF MPF Conservative funds with a 5-year record had MPFA 5-year annualised returns from +1.80% to +2.40% (median +2.09%); median FER 0.89%. Past performance is not indicative of future results.
MPF Conservative Funds are not guaranteed; they mainly hold HKD deposits and short-term debt, and returns generally track HKD interest rates.
5-year annualised return (historical)
| # | Fund | Scheme | 5y ann.* | 1y ann.* | 10y ann.* | FER* | Months† | Volatility† | Max drawdown† |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Manulife MPF Conservative Fund | Manulife Global Select (MPF) Scheme | +2.40% | +2.19% | +1.54% | 0.75% | 75 | 0.49% | -0.05% |
| 2 | BOC-Prudential MPF Conservative Fund | BOC-Prudential Easy-Choice Mandatory Provident Fund Scheme | +2.36% | +1.98% | +1.54% | 0.79% | 75 | 0.48% | 0.00% |
| 3 | MPF Conservative Fund | Hang Seng Mandatory Provident Fund - SuperTrust Plus | +2.35% | +2.05% | +1.36% | 0.77% | 75 | 0.50% | 0.00% |
| 4 | MPF Conservative Fund | HSBC Mandatory Provident Fund - SuperTrust Plus | +2.34% | +2.04% | +1.36% | 0.77% | 75 | 0.50% | 0.00% |
| 5 | Invesco MPF Conservative Fund | SHKP MPF Employer Sponsored Scheme | +2.27% | +1.89% | +1.44% | 0.65% | 75 | 0.47% | -0.01% |
| 6 | Haitong MPF Conservative Fund - Class T | Haitong MPF Retirement Fund | +2.26% | +2.06% | +1.42% | 0.89% | 75 | 0.46% | 0.00% |
| 7 | Invesco MPF Conservative Fund - Unit Class A | BCT Strategic MPF Scheme | +2.23% | +1.86% | +1.47% | 0.69% | 75 | 0.47% | -0.03% |
| 8 | Invesco MPF Conservative Fund - Unit Class H | BCT Strategic MPF Scheme | +2.23% | +1.86% | +1.47% | 0.69% | 75 | 0.47% | -0.03% |
| 9 | Sun Life MPF Conservative Fund - Class B | Sun Life Rainbow MPF Scheme | +2.21% | +1.87% | +1.35% | 0.90% | 75 | 0.45% | -0.01% |
| 10 | Sun Life MPF Conservative Fund - Class A | Sun Life Rainbow MPF Scheme | +2.20% | +1.88% | +1.34% | 0.90% | 75 | 0.45% | -0.02% |
| 11 | Haitong MPF Conservative Fund - Class A | Haitong MPF Retirement Fund | +2.19% | +1.94% | +1.37% | 0.94% | 75 | 0.47% | -0.09% |
| 12 | Principal MPF Conservative Fund - Class N | BCT MPF Scheme Series 800 | +2.13% | +1.95% | +1.31% | 0.93% | 75 | 0.45% | 0.00% |
| 13 | MPF Conservative Fund | AIA MPF - Prime Value Choice | +2.12% | +1.98% | +1.30% | 0.78% | 75 | 0.38% | 0.00% |
| 14 | Principal - MPF Conservative Fund | BCT MPF - Smart Plan | +2.10% | +1.85% | +1.26% | 0.95% | 75 | 0.47% | 0.00% |
| 15 | BCOM MPF Conservative Fund | BCOM Joyful Retirement MPF Scheme | +2.09% | +1.68% | +1.48% | 0.94% | 75 | 0.33% | 0.00% |
| 16 | China Life MPF Conservative Fund | China Life MPF Master Trust Scheme | +2.09% | +1.79% | +1.27% | 0.88% | 75 | 0.43% | 0.00% |
| 17 | Principal - MPF Conservative Fund | BCT MPF - Simple Plan | +2.06% | +1.82% | +1.24% | 1.00% | 75 | 0.46% | 0.00% |
| 18 | My Choice MPF Conservative Fund | My Choice Mandatory Provident Fund Scheme | +2.06% | +1.86% | +1.16% | 0.74% | 75 | 0.46% | -0.11% |
| 19 | BEA MPF Conservative Fund | BEA (MPF) Value Scheme | +2.05% | +1.60% | +1.45% | 0.81% | 75 | 0.40% | 0.00% |
| 20 | BEA (Industry Scheme) MPF Conservative Fund | BEA (MPF) Industry Scheme | +2.04% | +1.59% | +1.39% | 0.82% | 75 | 0.39% | 0.00% |
| 21 | BEA (MPF) Conservative Fund | BEA (MPF) Master Trust Scheme | +2.04% | +1.59% | +1.37% | 0.81% | 75 | 0.39% | 0.00% |
| 22 | MPF Conservative Fund | MASS Mandatory Provident Fund Scheme | +2.04% | +1.79% | +1.24% | 0.80% | 75 | 0.42% | 0.00% |
| 23 | BCT (Pro) MPF Conservative Fund | BCT (MPF) Pro Choice | +2.02% | +1.68% | +1.28% | 0.89% | 75 | 0.44% | -0.02% |
| 24 | MPF Conservative Fund | Fidelity Retirement Master Trust | +2.02% | +1.93% | +1.14% | 0.98% | 75 | 0.43% | 0.00% |
| 25 | BCT (Industry) MPF Conservative Fund | BCT (MPF) Industry Choice | +1.97% | +1.66% | +1.22% | 0.94% | 75 | 0.43% | -0.01% |
| 26 | Allianz MPF Conservative Fund - Class T | Manulife RetireChoice (MPF) Scheme | +1.91% | +1.60% | +1.15% | 1.00% | 75 | 0.41% | 0.00% |
| 27 | Allianz MPF Conservative Fund - Class A | Manulife RetireChoice (MPF) Scheme | +1.88% | +1.58% | +1.12% | 1.03% | 75 | 0.40% | 0.00% |
| 28 | Allianz MPF Conservative Fund - Class B | Manulife RetireChoice (MPF) Scheme | +1.88% | +1.58% | +1.12% | 1.03% | 75 | 0.40% | 0.00% |
| 29 | AMTD Invesco MPF Conservative Fund | AMTD MPF Scheme | +1.80% | +1.48% | +1.08% | 1.07% | 75 | 0.41% | -0.01% |
* 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.
Median calendar-year returns
| 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| +0.01% | +0.32% | +3.42% | +3.47% | +2.15% |
All funds · By risk class · Fees guide · Conservative fund guide
FAQ
How many MPF Conservative MPF funds are there?
By our classification, 29 fund classes as of 2026-09-30; 29 have a 5-year return and ≥60 months of history.
What do MPF Conservative funds charge?
FERs range from 0.65% to 1.07%, median 0.89%.
How deep were MPF Conservative drawdowns?
Median month-end max drawdown over 2020-07 – 2026-09 was 0.00%; median 2022 return +0.32%.
Is this ranking a recommendation?
No. The table sorts by one historical figure; it is not a rating or advice.