Important: If you are in doubt about the meaning or effect of the contents of this website, you should seek independent professional advice.
Important to note:
- Investment in the Principal HK Dollar Savings Fund is different from placing deposits with a bank or deposit-taking company and is not protected by the Deposit Protection Scheme. Investments in the Principal HK Dollar Savings Fund will be subject to investment risks.
- Fees and charges of a MPF conservative fund can be deducted from either (i) the assets of the Constituent Fund or (ii) members’ account by way of unit deduction. The Principal MPF Conservative Fund uses method (i) and, therefore, unit prices/net asset value/fund performance quoted have incorporated the impact of fees and charges.
- You should consider your own risk tolerance level and financial circumstances before investing in the DIS. You should note that the Principal Core Accumulation Fund and the Principal Age 65 Plus Fund may not be suitable for you, and there may be a risk mismatch between the Principal Core Accumulation Fund and the Principal Age 65 Plus Fund and your risk profile (the resulting portfolio risk may be greater than your risk preference). You should seek financial and/or professional advice if you are in doubt as to whether the DIS is suitable for you, and make the investment decision most suitable for you taking into account your circumstances.
- You should note that the implementation of the DIS may have an impact on your MPF investments and benefits. You should consult with the Trustee if you have doubts on how you are being affected.
- You should consider your own risk tolerance level and financial circumstances before making any investment choices. In your selection of Constituent Fund(s), when you are in doubt as to whether a certain Constituent Fund is suitable for you (including whether it is consistent with your investment objectives), you should seek financial and/or professional advice and choose the Constituent Fund(s) most suitable for you, taking into account your own circumstances.
- In the event that you do not make any investment choices, please be reminded that any contributions made and/or benefits transferred into the Scheme will be invested into the DIS.
- Investment involves risks. The value of the funds may go up or down. The past performance is not indicative of future performance. Your investment may suffer significant loss. There is no assurance on investment returns and you may not get back the amount originally invested.
- You should not invest in reliance on this website alone. You should read the relevant MPF Scheme Brochure for further details (including investment policy, risk factors, fee and charges of the Constituent Funds).
* "Scheme" means Principal MPF Scheme Series 800.
"Constituent Fund" means the constituent funds covered under the Scheme.
Principal MPF Scheme Series 800
Series 800 consists of 17 constituent funds with different risk/return profiles. It gives your employees more fund choices than other Principal MPF Schemes. This is particularly suitable for large companies as it provides a wide variety of investment choices for each employee.
Members could design your own investment portfolio better meet your retirement needs. Series 800 is suitable for members with a greater investment knowledge and experience.
Overview of Constituent funds
Risk/Return Spectrum
| Low | Moderate | Moderate to High | High |
| Principal MPF Conservative Fund | Principal Age 65 Plus Fund | Principal Core Accumulation Fund | Principal US Equity Fund |
| Principal HK Dollar Savings Fund | Principal Age 65 Plus Fund (DIS) | Principal Core Accumulation Fund (DIS) | Principal Asian Equity Fund |
| Principal Hong Kong Bond Fund | Principal Long Term Accumulation Fund | Principal China Equity Fund | |
| Principal International Bond Fund | Principal Global Growth Fund | Principal Hang Seng Index Tracking Fund | |
| Principal Stable Yield Fund | Principal Hong Kong Equity Fund | ||
| Principal Asian Bond Fund | Principal International Equity Fund | ||
| Principal Aggressive Strategy Fund |
Default Investment Strategy
The MPF default investment strategy ("DIS") is a ready-made investment arrangement mainly designed for those members who are not interested or do not wish to make an investment choice, and is also available as an investment choice itself for members who find it suitable for their own circumstances. For general information about DIS, please refer to the DIS dedicated webpage.
Latest Scheme Information
"APIF" refers to an "Approved Pooled Investment Fund" approved by the Authority pursuant to the MPF Ordinance for investment by provident fund schemes registered under the MPF Ordinance.
"ITCIS" refers to "Index-Tracking Collective Investment Schemes" (as defined in Part 1 of Schedule 1 to the Mandatory Provident Fund Schemes (General) Regulation) approved by the MPFA for investment by provident fund schemes registered under the MPFS Ordinance.
#Risk/Return Profile
- Low
- Moderate
- Moderate to High
- High
The following classifications of Risk/Return Profile for each constituent fund are provided by Principal Asset Management Company (Asia) Limited and will be reviewed on an annual basis. The classifications of Risk/Return Profile are based on past volatility (i.e. annualized standard deviation of returns), worst and best two months returns, and the relative risk levels among the funds in the Scheme. Besides, reference is also made to the investment objectives of the respective funds. The classifications of the Risk/Return Profile are provided for reference only and they should not be regarded as investment advice.
Principal MPF Conservative Fund***
| Investment Objective | To at least earn a net return equal to the "prescribed savings rate" (which is broadly the average rate of interest on a Hong Kong dollar savings account) determined by the MPFA. | |||
|---|---|---|---|---|
| Balance of Investments | Invest in a unit trust Approved Pooled Investment Fund ("Unit Trust APIF") which will consist of a portfolio of bank deposits, short duration securities and high quality money market instruments denominated in Hong Kong dollars. | |||
| Asset Allocation | Certificates of Deposit Global Debt Securities Cash & Short-term Investments (e.g. bills and deposits) | 0 - 95% 0 - 95% 0 - 100% | ||
| Geographic Allocation | Hong Kong | 100% | ||
| Risk / Return Profile # | Low | |||
*** Principal MPF Conservative Fund
Principal MPF Conservative Fund under this Scheme is not a guaranteed fund and does not guarantee the repayment of capital. Fees and charges of MPF conservative fund can be deducted from either (i) the assets of the fund or (ii) members' account by way of unit deduction. This Fund uses method (i) and, therefore, unit prices/net asset value/fund performance quoted have incorporated the impact of fees and charges.
Principal HK Dollar Savings Fund
| Investment Objective | To earn a competitive short-to-medium term rate of return. | |||
|---|---|---|---|---|
| Balance of Investments | Invest in a unit trust APIF. The APIF will invest primarily in a portfolio of high quality short to medium duration debt securities denominated in HKD. The APIF may also hold assets denominated in other currencies. | |||
| Asset Allocation | Short-to-medium Duration Debt Securities (e.g. certificates of deposits) Cash & Short-term Investments (e.g. bills and deposits) | 60 - 100% 0 - 40% | ||
| Geographic Allocation | Hong Kong United States Europe Others | 70 - 100% 0 - 30% 0 - 30% 0 - 20% | ||
| Risk / Return Profile # | Low | |||
Note: Investment in the Principal HK Dollar Savings Fund is different from placing deposits with a bank or deposit-taking company and is not protected by the Deposit Protection Scheme. Investments in this Fund will be subject to investment risks.
Principal Age 65 Plus Fund
| Investment Objective | To provide stable growth for the retirement savings to members by investing in a globally diversified manner. The fund is denominated in Hong Kong dollars. | |||
|---|---|---|---|---|
| Balance of Investments | Invest in a unit trust APIF, Principal Unit Trust Umbrella Fund - Principal Age 65 Plus Fund, which in turn invests in two or more passively or actively managed approved ITCISs and / or unit trust APIFs as allowed under the Mandatory Provident Fund Schemes (General) Regulation. | |||
| Asset Allocation | Around 20% in higher risk assets; Around 80% in lower risk assets | |||
| Geographic Allocation | No prescribed allocation | |||
| Risk / Return Profile # | Moderate | |||
Principal Hong Kong Bond Fund
| Investment Objective | To provide a return consisting of income and capital growth over medium to long term. | |||
|---|---|---|---|---|
| Balance of Investments | Invest in a Unit Trust APIF which will primarily invest at least 70% of its assets in Hong Kong debt securities (rated or unrated^), including (but not limited to) sovereign and/or non-sovereign, floating and/or fixed, of varying maturities issued by a government or by multi-lateral agencies or by companies, and denominated in Hong Kong dollars. | |||
| Asset Allocation | Debt Securities Cash & Short-term Investments(e.g.bills and deposits) | 70 - 100% 0 - 30% | ||
| Geographic Allocation | Hong Kong Other | 70 - 100% 0 - 30% | ||
| Risk / Return Profile # | Moderate | |||
^ Investment in unrated debt securities is only limited to those issued by the "exempt authority" within the definition of Section 7 of Schedule 1 to the MPF Regulation.
Principal International Bond Fund
| Investment Objective | To protect and maximise real asset value in terms of international purchasing power. | |||
|---|---|---|---|---|
| Balance of Investments | Invest in a Unit Trust APIF which will in turn invest in another APIF which invests mainly in a portfolio of debt securities, both sovereign and non-sovereign, of varying maturities and denominated in the world's major currencies. | |||
| Asset Allocation | Debt Securities Cash & Short-term Investments(e.g.bills and deposits) | 70 - 100% 0 - 30% | ||
| Geographic Allocation | Asia (ex-Japan) Europe Japan North America Other Countries (each) | 0 - 50% 0 - 50% 0 - 50% 15 - 85% 0 - 20% | ||
| Risk / Return Profile # | Moderate | |||
Principal Stable Yield Fund
| Investment Objective | To seek long-term growth of capital through investing in a balanced portfolio. | |||
|---|---|---|---|---|
| Balance of Investments | Invest in a Unit Trust APIF which will in turn invest in two or more APIFs and/or ITCIS. Through these underlying investments, the fund will invest primarily in equities and debt securities of different countries. The fund will provide an international exposure with relatively more emphasis on debt investments. | |||
| Asset Allocation | Equity Securities Debt Securities Cash & Short-term Investments (e.g. bills and deposits) | 0 - 60% 20 - 90% 0 - 30% | ||
| Geographic Allocation | Asia Europe North America | 0 - 75% 0 - 75% 0 - 80% | South America Africa / Middle East Others | 0 - 10% 0 - 10% 0 - 20% |
| Risk / Return Profile # | Moderate | |||
Principal Asian Bond Fund
| Investment Objective | To provide a return consisting of income and capital growth over medium to long term. | |||
|---|---|---|---|---|
| Balance of Investments | Invests in a unit trust APIF. The APIF in turn invests in another APIF which invests a majority of its assets in Asian debt securities, including but not limited to sovereign, quasi-sovereign, agency, corporate bonds, of varying maturities issued by a government, multi-lateral agencies or by companies, and denominated primarily in U.S. dollars and major Asian currencies. | |||
| Asset Allocation | Debt Securities Cash & Time Deposits | 70 - 100% 0 - 30% | ||
| Geographic Allocation | Asia Others | 70 - 100% 0 - 30% | ||
| Risk / Return Profile # | Moderate | |||
* The geographical allocation for debt securities of the Principal Asian Bond Fund is classified by country of risk. “Country of risk” is based on a number of criteria, including, in respect of a security, its issuer's country of domicile, the primary stock exchange on which it trades, the location from which the majority of its issuer's revenue comes, and its issuer's reporting currency.
Principal Core Accumulation Fund
| Investment Objective | To provide capital growth to members by investing in a globally diversified manner. | |||
|---|---|---|---|---|
| Balance of Investments | Invest in a unit trust APIF, Principal Unit Trust Umbrella Fund - Principal Core Accumulation Fund, which in turn invests in two or more passively or actively managed approved ITCISs and / or unit trust APIFs as allowed under the Mandatory Provident Fund Schemes (General) Regulation. | |||
| Asset Allocation | Around 60% in higher risk assets; Around 40% in lower risk assets | |||
| Geographic Allocation | No prescribed allocation | |||
| Risk / Return Profile # | Moderate to High | |||
Principal Long Term Accumulation Fund
| Investment Objective | To earn a competitive long-term total rate of return through investing in a balanced portfolio. | |||
|---|---|---|---|---|
| Balance of Investments | Invest in a Unit Trust APIF which will in turn invest in two or more APIFs and/or ITCIS. | |||
| Asset Allocation | Equity Securities Fixed Income Securities Cash & Short-term Investments (e.g. bills and deposits) | 20 - 80% 15 - 75% 0 - 20% | ||
| Geographic Allocation | United States Asia Europe Others | 15 - 100% 0 - 85% 0 - 30% 0 - 20% | ||
| Risk / Return Profile # | Moderate to High | |||
Principal Global Growth Fund
| Investment Objective | To seek long-term growth of capital through investing in a balanced portfolio. | |||
|---|---|---|---|---|
| Balance of Investments | Invest in a Unit Trust APIF which will in turn invest in two or more APIFs and/or ITCIS. Through these underlying investments, the fund will invest primarily in equities and debt securities of different countries. The fund will normally target a larger allocation to equity investments than debt securities.\ | |||
| Asset Allocation | Equity Securities Debt Securities Cash & Short-term Investments (e.g. bills and deposits) | 30 - 90% 10 - 70% 0 - 30% | ||
| Geographic Allocation | Asia Europe North America | 0 - 75% 0 - 75% 0 - 80% | South America Africa / Middle East Others | 0 - 10% 0 - 10% 0 - 20% |
| Risk / Return Profile # | Moderate to High | |||
Principal US Equity Fund
| Investment Objective | To achieve capital growth over the long-term by investing in U.S. equity markets. | |||
|---|---|---|---|---|
| Balance of Investments | Invest in a Unit Trust APIF which will in turn invest in another APIF which consists primarily of U.S. equities and can include exposure to cash and short-term investments. | |||
| Asset Allocation | Equity Securities Cash & Short-term Investments (e.g. bills and deposits) | 70 - 100% 0 - 30% | ||
| Geographic Allocation | United States Hong Kong Others | 70 - 100% 0 - 30% 0 - 20% | ||
| Risk / Return Profile # | ||||
Principal Asian Equity Fund
| Investment Objective | To achieve capital growth over the long-term by investing primarily in Asia Pacific (ex-Japan) equities. | |||
|---|---|---|---|---|
| Balance of Investments | Invest in a unit trust APIF. The APIF in turn invests in another APIF which primarily invests in equity securities of companies in the Asia Pacific (ex-Japan) region. | |||
| Asset Allocation | Equity Securities Cash & Short-term Investments (e.g. bills and deposits) | 70 - 100% 0 - 30% | ||
| Geographic Allocation | Asia Pacific (ex-Japan) Others | 80 - 100% 0 - 20% | ||
| Risk / Return Profile # | High | |||
Principal China Equity Fund
| Investment Objective | To achieve capital growth over the long term by investing mainly in China-related equities. | |||
|---|---|---|---|---|
| Balance of Investments | Invest in a unit trust APIF. The APIF in turn invests at least 70% of its assets in equities issued by companies with exposure to different sectors of the economy in the PRC (Mainland China) or in collective investment schemes as permitted under the General Regulation which primarily invest in such equity securities. | |||
| Asset Allocation | Equity Securities Cash & Short-term Investments (e.g.bills and deposits) | 70 - 100% 0 - 30% | ||
| Geographic Allocation | People's Republic of China (Mainland China) Other countries | 70 - 100% 0 - 30% | ||
| Risk / Return Profile # | High | |||
Principal Hang Seng Index Tracking Fund
| Investment Objective | To provide investment results that closely correspond to the performance of the Hang Seng Index through investing all or substantially all of the fund's assets in units of The Tracker Fund of Hong Kong. | |||
|---|---|---|---|---|
| Balance of Investments | Invest in The Tracker Fund of Hong Kong, which will in turn invest all or substantially all of its assets in equity securities listed on the Hong Kong Stock Exchange Limited. | |||
| Asset Allocation | 90 – 100% in equity securities; 0 – 10% in cash and short term investments | |||
| Geographic Allocation | Hong Kong China | 20 - 80% 20 - 80% | ||
| Risk / Return Profile # | High | |||
Principal Hong Kong Equity Fund
| Investment Objective | To achieve capital growth over the long-term by investing mainly in Hong Kong equity markets. | |||
|---|---|---|---|---|
| Balance of Investments | Invest in a unit trust APIF. The APIF in turn invests at least 70% of its assets in listed equities issued by companies established in Hong Kong or by companies whose shares are listed (including but not limited to H shares and shares of red-chip companies) on the Hong Kong Stock Exchange. The APIF may also invest in listed equities issued by companies which have business in Hong Kong. | |||
| Asset Allocation | Equity Securities Cash & Short-term Investments (e.g. bills and deposits) | 70 - 100% 0 - 30% | ||
| Geographic Allocation | Hong Kong / China Others | 70 - 100% 0 - 30% | ||
| Risk / Return Profile # | High | |||
Principal International Equity Fund
| Investment Objective | To seek capital growth over the long-term through investing mainly in equity markets around the world. | |||
|---|---|---|---|---|
| Balance of Investments | Invest in a Unit Trust APIF which will in turn invest in another APIF which consists of mainly equity securities selected from investment markets around the world and can include exposure to cash and short-term investments. | |||
| Asset Allocation | Equity Securities Cash & Short-term Investments (e.g. bills and deposits) | 70 - 100% 0 - 30% | ||
| Geographic Allocation | Europe Asia South America Others | 0 - 60% 0 - 50% 0 - 50% 0 - 20% | North America Middle East Africa | 0 - 65% 0 - 20% 0 - 20% |
| Risk / Return Profile # | High | |||
Principal Aggressive Strategy Fund
| Investment Objective | To seek long-term growth of capital through investing entirely in an Approved Pooled Investment Fund ("APIF"). | |||
|---|---|---|---|---|
| Balance of Investments | Invest in an APIF (in the form of a unit trust), which will in turn invest in two or more APIFs and/or Approved ITCISs. Through these underlying investments, the fund will invest primarily in equities and debt securities of different countries. The fund will provide an international exposure for investors' monies, with relatively more emphasis on equity investments. | |||
| Asset Allocation | Equity Securities Debt Securities Cash & Short-term Investments (e.g. bills and deposits) | 60 - 100% 0 - 40% 0 - 30% | ||
| Geographic Allocation | Asia Pacific Europe | 0 - 75% 0 - 75% | North America South America Africa / Middle East | 0 - 80% 0 - 10% 0 - 10% |
| Risk / Return Profile # | High | |||
Default Investment Strategy ("DIS")
| Investment Objective | The MPF default investment strategy ("DIS") is a ready-made investment arrangement mainly designed for those members who are not interested or do not wish to make an investment choice, and is also available as an investment choice itself for members who find it suitable for their own circumstances. | |||
|---|---|---|---|---|
| Balance of Investments | The DIS aims to balance the long term effects of risk and return through investing in two Constituent Funds, namely the Principal Core Accumulation Fund and the Principal Age 65 Plus Fund, according to the pre-set allocation percentages at different ages. | |||
NOTE:
Investors should note that (i) the above ranges of asset and geographic allocations are for indication only and long term allocations may vary with changing market conditions; and (ii) the geographic allocation for equity investments is classified by the principal place of business of the issuers and the geographic allocation for debt investments (except for Principal Asian Bond Fund) is classified by their currency denomination.