MPF Funds by Risk Class 1–7 (data as of 2026-09-30)
MPF risk classes 1–7 are based on a fund's 3-year volatility. As of 2026-09-30, class 6 funds had a median 5-year annualised return of +2.63% and median max drawdown of -48.27%; class 1 had +2.06% and 0.00%. Past performance is not indicative of future results.
Important: Historical data for general information only — not investment advice or a recommendation of any fund, and it does not consider anyone's objectives or circumstances. Past performance is not indicative of future results; prices can go down as well as up. MPFA-published returns and fees are as of 2026-09-30; site-calculated metrics (annualised return, volatility, max drawdown) use month-end prices 2020-07 – 2026-09 and may contain errors or delays. Before any decision, read the trustee's offering documents and MPFA information, and consult a licensed or registered professional where appropriate. Full disclaimer · Methodology
| Risk class | Funds | Median 5y ann.* | Median 2022* | Median volatility† | Median max drawdown† |
|---|---|---|---|---|---|
| 1 | 29 | +2.06% | +0.32% | 0.44% | 0.00% |
| 2 | 3 | +2.14% | -1.21% | 1.10% | -2.37% |
| 3 | 43 | +0.95% | -7.20% | 3.77% | -10.75% |
| 4 | 146 | +0.95% | -15.75% | 8.20% | -22.29% |
| 5 | 117 | +6.62% | -19.20% | 14.59% | -28.85% |
| 6 | 96 | +2.63% | -21.23% | 22.69% | -48.27% |
| 7 | 5 | +4.27% | -24.29% | 23.98% | -46.78% |
* MPFA-published. † Calculated by us from month-end prices 2020-07 – 2026-09. 12 funds have no risk class.
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FAQ
What is the MPF risk class?
The risk class (1–7) is assigned from the fund's 3-year annualised standard deviation (fund risk indicator); a higher number means higher past volatility. It reflects history and is not a guarantee of future risk.
Do higher risk classes return more?
The table shows historical median returns and drawdowns by class; past relationships may not repeat.