MPF Conservative Fund: Performance & Fees (data as of 2026-09-30)
MPF Conservative Fund (HSBC Mandatory Provident Fund - SuperTrust Plus) had an MPFA-published 5-year annualised return of +2.34% and an FER of 0.77%; its month-end max drawdown over 2020-07 – 2026-09 was 0.00%. It ranked 4 of 29 MPF Conservative Fund 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 | MPF Conservative Fund | Category median (n=29) |
|---|---|---|
| 1y | +2.04% | +1.86% |
| 5y p.a. | +2.34% | +2.09% |
| 10y p.a. | +1.36% | +1.34% |
| 2025 | +2.38% | +2.15% |
| 2024 | +3.81% | +3.47% |
| 2023 | +3.72% | +3.42% |
| 2022 | +0.39% | +0.32% |
| 2021 | n/a | +0.01% |
| Max drawdown† | 0.00% | 0.00% |
| FER | 0.77% | 0.89% |
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 | 10,000 |
| 2021-12-31 | 10,000 |
| 2024-12-31 | 10,809 |
| 2025-12-31 | 11,066 |
| 2026-09-30 | 11,228 |
Largest drawdown
From a month-end peak on 2020-07-31 to a trough on 2020-07-31: 0.00%; had not regained the prior peak by 2026-09-30. A 50% fall needs a 100% gain to recover.
Category peers (by 5-year return)
| Fund | Scheme | 5y ann.* | FER* | Months† | Max drawdown† |
|---|---|---|---|---|---|
| Manulife MPF Conservative Fund | Manulife Global Select (MPF) Scheme | +2.40% | 0.75% | 75 | -0.05% |
| BOC-Prudential MPF Conservative Fund | BOC-Prudential Easy-Choice Mandatory Provident Fund Scheme | +2.36% | 0.79% | 75 | 0.00% |
| MPF Conservative Fund | Hang Seng Mandatory Provident Fund - SuperTrust Plus | +2.35% | 0.77% | 75 | 0.00% |
| Invesco MPF Conservative Fund | SHKP MPF Employer Sponsored Scheme | +2.27% | 0.65% | 75 | -0.01% |
| Haitong MPF Conservative Fund - Class T | Haitong MPF Retirement Fund | +2.26% | 0.89% | 75 | 0.00% |
* 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: Money Market Fund - Hong Kong
- Launch date: 2000-12-01
- Management fee (as disclosed): 0.63% 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 MPF Conservative Fund funds · eMPF switching guide
Cite as: MPF Watch (mpfwatch.com), MPFA data as of 2026-09-30.
FAQ
How is MPF Conservative 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 +1.90% annualised from month-end unit prices 2020-07 – 2026-09.
What does MPF Conservative Fund charge?
MPFA-published FER is 0.77%; the category median is 0.89%. Management fee is listed as "0.63% p.a.".
How risky has MPF Conservative Fund been?
MPFA risk class 1 (1–7). Month-end max drawdown over 2020-07 – 2026-09 was 0.00% (2020-07-31 to 2020-07-31), annualised volatility 0.50%. Month-end data understates intra-month falls.
Is this fund capital-guaranteed?
No. The MPF Conservative Fund is not guaranteed; returns generally track HKD deposit rates and can be negative after fees in low-rate periods.
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.