Core Accumulation Fund: Performance & Fees (data as of 2026-09-30)
Core Accumulation Fund (HSBC Mandatory Provident Fund - SuperTrust Plus) had an MPFA-published 5-year annualised return of +6.15% and an FER of 0.78%; its month-end max drawdown over 2020-07 – 2026-09 was -18.76%. It ranked 14 of 28 Core Accumulation Fund (DIS) 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 | Core Accumulation Fund | Category median (n=28) |
|---|---|---|
| 1y | +9.58% | +9.73% |
| 5y p.a. | +6.15% | +6.14% |
| 10y p.a. | +6.78% | +6.78% |
| 2025 | +14.05% | +14.79% |
| 2024 | +7.92% | +10.95% |
| 2023 | +14.29% | +14.58% |
| 2022 | -14.53% | -16.49% |
| 2021 | +11.28% | +9.92% |
| Max drawdown† | -18.76% | -20.61% |
| FER | 0.78% | 0.78% |
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 | 11,068 |
| 2021-12-31 | 12,316 |
| 2024-12-31 | 12,982 |
| 2025-12-31 | 14,807 |
| 2026-09-30 | 15,902 |
Largest drawdown
From a month-end peak on 2021-12-31 to a trough on 2022-09-30: -18.76%; regained the prior peak by 2024-02-29. A 50% fall needs a 100% gain to recover.
Category peers (by 5-year return)
| Fund | Scheme | 5y ann.* | FER* | Months† | Max drawdown† |
|---|---|---|---|---|---|
| Haitong Core Accumulation Fund - Class A | Haitong MPF Retirement Fund | +9.99% | 0.93% | 75 | -24.34% |
| Haitong Core Accumulation Fund - Class T | Haitong MPF Retirement Fund | +9.98% | 0.93% | 75 | -24.36% |
| Invesco Core Accumulation Fund - Unit Class A | BCT Strategic MPF Scheme | +7.04% | 0.79% | 75 | -20.71% |
| Invesco Core Accumulation Fund - Unit Class H | BCT Strategic MPF Scheme | +7.04% | 0.79% | 75 | -20.71% |
| BCT (Pro) Core Accumulation Fund | BCT (MPF) Pro Choice | +7.03% | 0.77% | 75 | -20.60% |
* 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 65%
- Launch date: 2000-12-01
- Management fee (as disclosed): 0.67% 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 Core Accumulation Fund (DIS) funds · eMPF switching guide
Cite as: MPF Watch (mpfwatch.com), MPFA data as of 2026-09-30.
FAQ
How is Core Accumulation 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 +7.81% annualised from month-end unit prices 2020-07 – 2026-09.
What does Core Accumulation Fund charge?
MPFA-published FER is 0.78%; the category median is 0.78%. Management fee is listed as "0.67% p.a.".
How risky has Core Accumulation Fund been?
MPFA risk class 4 (1–7). Month-end max drawdown over 2020-07 – 2026-09 was -18.76% (2021-12-31 to 2022-09-30), annualised volatility 9.75%. Month-end data understates intra-month falls.
Is this fund capital-guaranteed?
No. It is in the "Core Accumulation Fund (DIS)" 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.