Sun Life MPF Hong Kong Equity Fund - Class B: Performance & Fees (data as of 2026-09-30)
Sun Life MPF Hong Kong Equity Fund - Class B (Sun Life Rainbow MPF Scheme) had an MPFA-published 5-year annualised return of -2.15% and an FER of 1.61%; its month-end max drawdown over 2020-07 – 2026-09 was -48.27%. It ranked 21 of 28 Hong Kong 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 | Sun Life MPF Hong Kong Equity Fund - Class B | Category median (n=28) |
|---|---|---|
| 1y | -9.11% | -9.11% |
| 5y p.a. | -2.15% | -1.38% |
| 10y p.a. | +3.20% | +2.77% |
| 2025 | +25.36% | +30.95% |
| 2024 | +10.82% | +15.16% |
| 2023 | -16.57% | -15.90% |
| 2022 | -15.14% | -18.91% |
| 2021 | -9.91% | -15.50% |
| Max drawdown† | -48.27% | -53.14% |
| FER | 1.61% | 1.36% |
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 | 11,824 |
| 2021-12-31 | 10,652 |
| 2024-12-31 | 8,358 |
| 2025-12-31 | 10,477 |
| 2026-09-30 | 9,996 |
Largest drawdown
From a month-end peak on 2021-05-31 to a trough on 2022-10-31: -48.27%; 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† |
|---|---|---|---|---|---|
| Hong Kong and China Fund | AIA MPF - Prime Value Choice | +2.65% | 0.86% | 75 | -47.09% |
| Allianz Hong Kong Fund - Class T | Manulife RetireChoice (MPF) Scheme | +0.67% | 1.18% | 75 | -48.32% |
| Allianz Hong Kong Fund - Class B | Manulife RetireChoice (MPF) Scheme | +0.64% | 1.21% | 75 | -48.34% |
| Allianz Hong Kong Fund - Class A | Manulife RetireChoice (MPF) Scheme | +0.44% | 1.41% | 75 | -48.49% |
| Hong Kong Equities Fund | MASS Mandatory Provident Fund Scheme | +0.42% | 1.03% | 75 | -48.54% |
* 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: Sun Life Rainbow MPF Scheme
- Trustee: Sun Life Trustee Company Limited
- MPFA fund type: Equity Fund - Hong Kong
- Launch date: 2000-12-01
- Management fee (as disclosed): Up to 1.378% 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 Hong Kong equity funds · eMPF switching guide
Cite as: MPF Watch (mpfwatch.com), MPFA data as of 2026-09-30.
FAQ
How is Sun Life MPF Hong Kong Equity Fund - Class B'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 -0.01% annualised from month-end unit prices 2020-07 – 2026-09.
What does Sun Life MPF Hong Kong Equity Fund - Class B charge?
MPFA-published FER is 1.61%; the category median is 1.36%. Management fee is listed as "Up to 1.378% p.a.".
How risky has Sun Life MPF Hong Kong Equity Fund - Class B been?
MPFA risk class 6 (1–7). Month-end max drawdown over 2020-07 – 2026-09 was -48.27% (2021-05-31 to 2022-10-31), annualised volatility 22.74%. Month-end data understates intra-month falls.
Is this fund capital-guaranteed?
No. It is in the "Hong Kong 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.