Upon joining the scheme, if you have not given us any investment instructions, your money will be invested under the Default Investment Strategy (DIS) automatically. For details of the DIS, you may refer to the MPF Scheme Brochure for Principal MPF - Smart Plan – “Fund Options, Investment Objectives and Policies” section which is available via the link:
MPF Scheme Brochure
Principal MPF – Smart Plan
Alternatively, you can choose to invest in the following funds:
Principal Age 65 Plus Fund
Investment Manager
Principal Asset Management Company (Asia) Limited
Fund Descriptor
Mixed Assets Fund - Global - Equity around 20%
Investment Focus
Around 20% in higher risk assets; around 80% in lower risk assets
Investment Objectives
To provide stable growth for the retirement savings to members.
Management Fees (As a percentage of net asset value per annum)
0.75%
Principal Core Accumulation Fund
Investment Manager
Principal Asset Management Company (Asia) Limited
Fund Descriptor
Mixed Assets Fund - Global - Equity around 60%
Investment Focus
Around 60% in higher risk assets; around 40% in lower risk assets
Investment Objectives
To provide capital growth to members.
Management Fees (As a percentage of net asset value per annum)
0.75%
Principal - MPF Conservative Fund
Investment Manager
Principal Asset Management Company (Asia) Limited
Fund Descriptor
Money Market Fund - Hong Kong
Investment Focus
HKD denominated deposits and debt securities
Investment Objectives
To achieve a return in line with the prescribed savings rate published by the Mandatory Provident Fund Schemes Authority.
Management Fees (As a percentage of net asset value per annum)
0.95%
Principal Cash Fund
Investment Manager
Principal Asset Management Company (Asia) Limited
Fund Descriptor
Money Market Fund - Hong Kong
Investment Focus
Transferable securities and cash or cash equivalent
Investment Objectives
To provide a return higher than retail Hong Kong dollar savings deposit rate in Hong Kong.
Management Fees (As a percentage of net asset value per annum)
0.91%
Principal Stable Fund
Investment Manager
Principal Asset Management Company (Asia) Limited
Fund Descriptor
Mixed Assets Fund - Global - maximum equity around 45%
Investment Focus
Around 15% to 45% in global equities; around 45% to 75% in global bonds
Investment Objectives
To achieve stable long-term capital growth.
Management Fees (As a percentage of net asset value per annum)
1.59%
Principal Balanced Fund
Investment Manager
Principal Asset Management Company (Asia) Limited
Fund Descriptor
Mixed Assets Fund - Global - maximum equity around 85%
Investment Focus
Around 55% to 85% in global equities; around 10% to 40% in global bonds
Investment Objectives
To achieve long-term capital growth.
Management Fees (As a percentage of net asset value per annum)
1.59%
Principal Growth Fund
Investment Manager
Principal Asset Management Company (Asia) Limited
Fund Descriptor
Mixed Assets Fund - Global - maximum equity 100%
Investment Focus
Around 75% to 100% in global equities; up to 25% in global bonds
Investment Objectives
To achieve significant long-term capital growth.
Management Fees (As a percentage of net asset value per annum)
1.59%
Principal Dynamic Global Bond Fund
Investment Manager
Principal Asset Management Company (Asia) Limited
Fund Descriptor
Bond Fund - Global
Investment Focus
At least 70% in fixed income securities issued by governments, governmental agencies and corporates; 0% to 30% in others
Investment Objectives
To seek total investment return over the medium to longer term.
Management Fees (As a percentage of net asset value per annum)
1.49%
Principal Dynamic Asian Bond Fund
Investment Manager
Principal Asset Management Company (Asia) Limited
Fund Descriptor
Bond Fund - Asia Pacific
Investment Focus
70% to 100% in bonds in Asia Pacific region (excluding Japan); 0% to 30% in bonds outside the Asia Pacific region (excluding Japan)
Investment Objectives
To achieve long term capital growth in Hong Kong dollars terms.
Management Fees (As a percentage of net asset value per annum)
1.33%
Principal Dynamic Global Equity Fund
Investment Manager
Principal Asset Management Company (Asia) Limited
Fund Descriptor
Equity Fund - Global
Investment Focus
Around 98% in equities; around 2% in cash or cash equivalent
Investment Objectives
To produce returns that are related to those achieved on the major world stock market indices.
Management Fees (As a percentage of net asset value per annum)
1.75%
Principal Dynamic Asia Pacific Equity Fund
Investment Manager
Principal Asset Management Company (Asia) Limited
Fund Descriptor
Equity Fund - Asia Pacific
Investment Focus
Around 95% in equities; around 5% in cash or cash equivalent
Investment Objectives
To produce returns that are related to those achieved on the major stock market indices of Asia Pacific.
Management Fees (As a percentage of net asset value per annum)
1.75%
Principal Dynamic Greater China Equity Fund
Investment Manager
Principal Asset Management Company (Asia) Limited
Fund Descriptor
Equity Fund - Greater China
Investment Focus
70% to 100% in Greater China equities; 0% to 30% in other equities; 0% to 30% in bonds
Investment Objectives
To achieve long term capital growth in Hong Kong dollars terms.
Management Fees (As a percentage of net asset value per annum)
1.37%
Principal Dynamic Hong Kong Equity Fund
Investment Manager
Principal Asset Management Company (Asia) Limited
Fund Descriptor
Equity Fund - Hong Kong
Investment Focus
Normally 70% to 95% in Hong Kong equities, less than 30% in eligible China A-Shares and B-Shares, with the remainder held in cash or short-term deposits
Investment Objectives
To achieve long term capital growth.
Management Fees (As a percentage of net asset value per annum)
1.59%
Principal - Hang Seng Index Tracking Fund
Investment Manager
Principal Asset Management Company (Asia) Limited
Fund Descriptor
Equity Fund - Hong Kong
Investment Focus
Up to 100% in equities
Investment Objectives
To provide investment results that closely correspond to the performance of the Hang Seng Index.
Management Fees (As a percentage of net asset value per annum)
up to 0.98%
Note: The management fees shown in the table above include the management fees chargeable by the fund and its underlying fund(s) only. There may be other fees and charges chargeable to the fund and its underlying fund(s) or to you. For details, please refer to the MPF Scheme Brochure for Principal MPF - Smart Plan - “Fees and Charges” section, which is available via the link:
Fees and Charges
Principal MPF – Smart Plan
To help you make comparisons across different MPF funds and schemes, you may refer to the information on the MPF Fund Platform via the link: