MPF US Equity Fund Performance (data as of 2026-09-30)
As of 2026-09-30, 12 MPF US equity funds with a 5-year record had MPFA 5-year annualised returns from +6.19% to +12.01% (median +11.55%); median FER 1.06%. Past performance is not indicative of future results.
5-year annualised return (historical)
| # | Fund | Scheme | 5y ann.* | 1y ann.* | 10y ann.* | FER* | Months† | Volatility† | Max drawdown† |
|---|---|---|---|---|---|---|---|---|---|
| 1 | American Fund | AIA MPF - Prime Value Choice | +12.01% | +14.58% | +12.37% | 0.83% | 75 | 15.61% | -24.35% |
| 2 | North American Equity Fund | HSBC Mandatory Provident Fund - SuperTrust Plus | +11.65% | +17.35% | +13.04% | 1.32% | 75 | 15.02% | -23.67% |
| 3 | North American Equity Fund | Hang Seng Mandatory Provident Fund - SuperTrust Plus | +11.65% | +17.33% | +13.04% | 1.32% | 75 | 15.02% | -23.67% |
| 4 | North American Equity Fund | AIA MPF - Prime Value Choice | +11.60% | +14.05% | +12.43% | 1.67% | 75 | 15.34% | -22.97% |
| 5 | BOC-Prudential North America Index Tracking Fund | BOC-Prudential Easy-Choice Mandatory Provident Fund Scheme | +11.55% | +14.07% | +13.36% | 1.00% | 75 | 15.54% | -24.94% |
| 6 | ValueChoice North America Equity Tracker Fund | HSBC Mandatory Provident Fund - SuperTrust Plus | +11.55% | +14.38% | n/a | 0.82% | 75 | 15.12% | -24.66% |
| 7 | ValueChoice North America Equity Tracker Fund | Hang Seng Mandatory Provident Fund - SuperTrust Plus | +11.55% | +14.37% | n/a | 0.82% | 75 | 15.12% | -24.66% |
| 8 | BEA (MPF) North American Equity Fund | BEA (MPF) Master Trust Scheme | +11.39% | +14.77% | +12.91% | 1.23% | 75 | 15.31% | -24.23% |
| 9 | Principal US Equity Fund - Class D | BCT MPF Scheme Series 800 | +11.24% | +11.86% | +12.24% | 1.22% | 75 | 15.10% | -24.17% |
| 10 | Principal US Equity Fund - Class I | BCT MPF Scheme Series 800 | +11.08% | +11.85% | +11.98% | 1.33% | 75 | 15.10% | -24.28% |
| 11 | Manulife MPF North American Equity Fund | Manulife Global Select (MPF) Scheme | +7.19% | +7.03% | +11.12% | 1.73% | 75 | 17.65% | -32.19% |
| 12 | US Equity Fund | MASS Mandatory Provident Fund Scheme | +6.19% | +14.11% | +13.06% | 1.05% | 75 | 17.31% | -38.02% |
* 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.
Shorter-history funds (not ranked)
| Fund | Scheme | 1y ann.* | FER* | Months† | Max drawdown† |
|---|---|---|---|---|---|
| BCOM North American Equity (CF) Fund | BCOM Joyful Retirement MPF Scheme | +14.24% | 1.06% | 44 | -8.72% |
| BCT (Pro) U.S. Equity Fund | BCT (MPF) Pro Choice | +14.75% | 0.95% | 59 | -26.42% |
| Invesco US Index Tracking Fund - Unit Class A | BCT Strategic MPF Scheme | +15.89% | 1.05% | 40 | -9.58% |
| Invesco US Index Tracking Fund - Unit Class H | BCT Strategic MPF Scheme | +15.89% | 1.04% | 40 | -9.58% |
| China Life US Equity Fund | China Life MPF Master Trust Scheme | +18.62% | 0.89% | 58 | -33.04% |
| Americas Equity Fund | Fidelity Retirement Master Trust | +12.74% | 1.38% | 38 | -9.82% |
| My Choice Americas Equity Fund | My Choice Mandatory Provident Fund Scheme | n/a | n/a | 4 | -0.29% |
| Sun Life MPF US Equity Fund | Sun Life Rainbow MPF Scheme | +19.61% | 1.32% | 40 | -9.87% |
* 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.
Index-tracking vs active: facts
5 US equity funds have "index/tracker" in their name, with a median FER of 1.00%; the other 15 have a median of 1.27%. Fees are only one factor, and trackers also have tracking error.
Fees guide · Market-timing study
FAQ
How many US equity MPF funds are there?
By our classification there were 20 US/North America equity fund classes as of 2026-09-30; 12 have a 5-year return and ≥60 months of history.
What do US equity funds charge?
FERs range from 0.82% to 1.73%, median 1.06%.
How deep were historical drawdowns?
Median month-end max drawdown over 2020-07 – 2026-09 was -24.20%. Single-country equity funds are concentrated in one market and have typically been more volatile than mixed-asset funds.