Manulife MPF Stable Fund: Performance & Fees (data as of 2026-09-30)
Manulife MPF Stable Fund (Manulife Global Select (MPF) Scheme) had an MPFA-published 5-year annualised return of +0.11% and an FER of 1.74%; its month-end max drawdown over 2020-07 – 2026-09 was -23.60%. It ranked 3 of 7 Guaranteed 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 | Manulife MPF Stable Fund | Category median (n=9) |
|---|---|---|
| 1y | +0.31% | +0.01% |
| 5y p.a. | +0.11% | +0.11% |
| 10y p.a. | +1.81% | +0.51% |
| 2025 | +10.89% | +5.80% |
| 2024 | +4.64% | +2.61% |
| 2023 | +4.21% | +2.35% |
| 2022 | -15.23% | -6.77% |
| 2021 | -1.72% | -2.43% |
| Max drawdown† | -23.60% | -18.13% |
| FER | 1.74% | 1.92% |
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 | 10,534 |
| 2021-12-31 | 10,353 |
| 2024-12-31 | 9,570 |
| 2025-12-31 | 10,612 |
| 2026-09-30 | 10,540 |
Largest drawdown
From a month-end peak on 2021-06-30 to a trough on 2022-10-31: -23.60%; regained the prior peak by 2026-02-27. A 50% fall needs a 100% gain to recover.
Category peers (by 5-year return)
| Fund | Scheme | 5y ann.* | FER* | Months† | Max drawdown† |
|---|---|---|---|---|---|
| BCOM Guaranteed (CF) Fund | BCOM Joyful Retirement MPF Scheme | +2.12% | 1.47% | 75 | -13.85% |
| China Life Joyful Retirement Guaranteed Fund | China Life MPF Master Trust Scheme | +0.31% | 1.92% | 75 | -19.72% |
| Guaranteed Fund | HSBC Mandatory Provident Fund - SuperTrust Plus | -0.34% | 2.05% | 75 | -12.11% |
| Guaranteed Fund | Hang Seng Mandatory Provident Fund - SuperTrust Plus | -0.34% | 2.05% | 75 | -12.11% |
| Manulife Career Average Guaranteed Fund - SHKP | SHKP MPF Employer Sponsored Scheme | -0.80% | 2.15% | 75 | -18.13% |
* 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: Manulife Global Select (MPF) Scheme
- Trustee: Manulife Provident Funds Trust Company Limited
- MPFA fund type: Guaranteed Fund - Interest Guarantee
- Launch date: 2000-12-01
- Management fee (as disclosed): 1.44% 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 Guaranteed fund funds · eMPF switching guide
Cite as: MPF Watch (mpfwatch.com), MPFA data as of 2026-09-30.
FAQ
How is Manulife MPF Stable 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 +0.86% annualised from month-end unit prices 2020-07 – 2026-09.
What does Manulife MPF Stable Fund charge?
MPFA-published FER is 1.74%; the category median is 1.92%. Management fee is listed as "1.44% p.a.".
How risky has Manulife MPF Stable Fund been?
MPFA risk class 4 (1–7). Month-end max drawdown over 2020-07 – 2026-09 was -23.60% (2021-06-30 to 2022-10-31), annualised volatility 6.82%. Month-end data understates intra-month falls.
Is this fund capital-guaranteed?
It is a guaranteed fund, but the guarantee applies only under conditions set by the trustee (e.g. holding period or qualifying withdrawals) and carries a guarantee charge; see the scheme brochure.
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.