Balanced Fund: Performance & Fees (data as of 2026-09-30)
Balanced Fund (HSBC Mandatory Provident Fund - SuperTrust Plus) had an MPFA-published 5-year annualised return of +4.53% and an FER of 1.43%; its month-end max drawdown over 2020-07 – 2026-09 was -25.77%. It ranked 5 of 29 Mixed assets (61–80% 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 | Balanced Fund | Category median (n=29) |
|---|---|---|
| 1y | +7.51% | +8.48% |
| 5y p.a. | +4.53% | +4.18% |
| 10y p.a. | +5.69% | +5.59% |
| 2025 | +20.43% | +20.03% |
| 2024 | +7.16% | +7.52% |
| 2023 | +5.51% | +5.51% |
| 2022 | -14.08% | -16.74% |
| 2021 | +1.21% | +1.21% |
| Max drawdown† | -25.77% | -28.14% |
| FER | 1.43% | 1.34% |
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 | 11,337 |
| 2021-12-31 | 11,474 |
| 2024-12-31 | 11,146 |
| 2025-12-31 | 13,423 |
| 2026-09-30 | 14,300 |
Largest drawdown
From a month-end peak on 2021-05-31 to a trough on 2022-10-31: -25.77%; regained the prior peak by 2025-05-30. A 50% fall needs a 100% gain to recover.
Category peers (by 5-year return)
| Fund | Scheme | 5y ann.* | FER* | Months† | Max drawdown† |
|---|---|---|---|---|---|
| BEA Growth Fund | BEA (MPF) Value Scheme | +5.27% | 0.98% | 75 | -27.21% |
| ValueChoice Balanced Fund | HSBC Mandatory Provident Fund - SuperTrust Plus | +4.62% | 0.91% | 75 | -27.39% |
| ValueChoice Balanced Fund | Hang Seng Mandatory Provident Fund - SuperTrust Plus | +4.62% | 0.91% | 75 | -27.39% |
| Allianz Choice Balanced Fund | SHKP MPF Employer Sponsored Scheme | +4.62% | 0.90% | 75 | -26.88% |
| Balanced Fund | Hang Seng Mandatory Provident Fund - SuperTrust Plus | +4.52% | 1.43% | 75 | -25.77% |
* 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: HSBC Mandatory Provident Fund - SuperTrust Plus
- Trustee: HSBC Provident Fund Trustee (Hong Kong) Limited
- MPFA fund type: Mixed Assets Fund [Global] - Maximum equity around 85%
- Launch date: 2000-12-01
- Management fee (as disclosed): 1.135% 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 Mixed assets (61–80% equity) funds · eMPF switching guide
Cite as: MPF Watch (mpfwatch.com), MPFA data as of 2026-09-30.
FAQ
How is Balanced 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 +5.97% annualised from month-end unit prices 2020-07 – 2026-09.
What does Balanced Fund charge?
MPFA-published FER is 1.43%; the category median is 1.34%. Management fee is listed as "1.135% p.a.".
How risky has Balanced Fund been?
MPFA risk class 4 (1–7). Month-end max drawdown over 2020-07 – 2026-09 was -25.77% (2021-05-31 to 2022-10-31), annualised volatility 11.43%. Month-end data understates intra-month falls.
Is this fund capital-guaranteed?
No. It is in the "Mixed assets (61–80% 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.