Latest Constituent Fund Price

(as at: 17/09/2021)

BEA (MPF) Master Trust Scheme

Constituent Fund NAV per unit (HKD)
BEA (MPF) Growth Fund
BEA (MPF) Balanced Fund
BEA (MPF) Stable Fund
BEA (MPF) Global Equity Fund
BEA (MPF) European Equity Fund
BEA (MPF) North American Equity Fund
BEA (MPF) Asian Equity Fund Note 1,2
BEA (MPF) Greater China Equity Fund Note 2
BEA (MPF) Japan Equity Fund
BEA (MPF) Hong Kong Equity Fund
BEA China Tracker Fund Note 2
BEA Hong Kong Tracker Fund
BEA (MPF) Global Bond Fund
BEA (MPF) RMB & HKD Money Market Fund Note 3
BEA (MPF) Long Term Guaranteed Fund Note 4
BEA (MPF) Conservative Fund Note 5
BEA (MPF) Core Accumulation Fund Note 6
BEA (MPF) Age 65 Plus Fund Note 6


BEA (MPF) Value Scheme

Constituent Fund NAV per unit (HKD)
BEA Growth Fund
BEA Balanced Fund
BEA Stable Fund
BEA Global Equity Fund
BEA Asian Equity Fund Note 1,2
BEA Greater China Equity Fund Note 2
BEA Greater China Tracker Fund Note 2
BEA Hong Kong Tracker Fund
BEA Global Bond Fund
BEA MPF Conservative Fund Note 5
BEA Core Accumulation Fund Note 6
BEA Age 65 Plus Fund Note 6


BEA (MPF) Industry Scheme

Constituent Fund NAV per unit (HKD)
BEA (Industry Scheme) Growth Fund
BEA (Industry Scheme) Balanced Fund
BEA (Industry Scheme) Stable Fund
BEA (Industry Scheme) Asian Equity Fund Note 1,2
BEA (Industry Scheme) Greater China Equity Fund Note 2
BEA (Industry Scheme) Hong Kong Equity Fund
BEA China Tracker Fund Note 2
BEA Hong Kong Tracker Fund
BEA (Industry Scheme) RMB & HKD Money Market Fund Note 3
BEA (Industry Scheme) MPF Conservative Fund Note 5
BEA (Industry Scheme) Core Accumulation Fund Note 6
BEA (Industry Scheme) Age 65 Plus Fund Note 6


Investments inherently involve risks and the unit prices of the constituent funds may go down as well as up. The above figures are for indication only while past performance is not indicative of future performance. For further details including the product features and risk factors involved, please refer to the MPF Scheme Brochure of the relevant scheme.

Note 1: Various countries in which these constituent funds will invest are considered as emerging markets. As emerging markets tend to be more volatile than developed markets, any holdings in emerging markets are exposed to higher levels of market risk.

Note 2: These constituent funds may invest in securities of companies that are domiciled or conduct a significant portion of their business activities in, or derive or are expected to derive a significant portion of their revenues from, China. To the extent that these constituent funds have exposure to such companies, the value of the assets of these constituent funds may be affected by political, legal, economic, and fiscal uncertainties within China. Existing laws and regulations may not be consistently applied.

Note 3: These constituent funds are denominated in HKD only and not in RMB. Their investment in RMB deposits and RMB debt instruments will be subject to additional currency risks. In particular, RMB is currently not a freely convertible currency and is subject to foreign exchange controls and repatriation restrictions imposed by the Chinese government. Also, their investment in offshore RMB debt securities will be subject to additional market / liquidity risks. There is currently no active secondary market for offshore RMB debt securities and therefore, these constituent funds may need to hold investments until maturity date of such offshore RMB debt securities. In addition, although the issuance of offshore RMB debt securities has increased substantially in recent years, supply still lags the demand for offshore RMB debt securities. As a result, new issues of offshore RMB debt securities are usually oversubscribed and may be priced higher than and / or trade with a lower yield than equivalent onshore RMB debt securities. Currently, most of the offshore RMB debt securities available in the market may not meet the requirements under Schedule 1 to the Mandatory Provident Fund Schemes (General) Regulation and therefore, the offshore RMB debts securities available for investment by these constituent funds may be limited which may result in concentration of credit risk.

Note 4: BEA (MPF) Long Term Guaranteed Fund invests solely in an approved pooled investment fund (the "Underlying Fund") in a form of insurance policy provided by Principal Insurance Company (Hong Kong) Limited (the "Guarantor"). The Guarantor offers the guarantee of capital and guaranteed rate of return for the Underlying Fund. The guaranteed rate of return for contributions made to the Underlying Fund after 30th September, 2004 was revised. The revised guarantee rate would be the "new applicable rate", which is currently set at 1% p.a. The guaranteed rate of return for contributions made to the Underlying Fund on or before 30th September, 2004 remains unchanged (5% p.a.).

The guarantee of capital and the prescribed guarantee rate of return will only be offered if the contributions invested in the Underlying Fund (through the BEA (MPF) Long Term Guaranteed Fund) are withdrawn upon the occurrence of a "qualifying event", which is the receipt by the Guarantor of a valid claim of the accrued benefits of the member upon satisfying any of the following conditions: (a) Attainment of the normal retirement age or retirement at or after the early retirement age but before the normal retirement age; (b) Total incapacity; (c) Death; (d) Permanent departure from Hong Kong;(e) Claim of "small balance"; (f) Termination of the member's employment and the continuous period for which the member has been investing in the Underlying Fund (through the BEA (MPF) Long Term Guaranteed Fund) up to and including the last date of his employment ("qualifying period") is at least 36 complete months. (This only applies if the member is employed in a company participating in the Master Trust). Such qualifying period is determined at the scheme account level. The qualifying period may also be reset to zero if the member (or his personal representative) effects a redemption, switching out or withdrawal of investments from the BEA (MPF) Long Term Guaranteed Fund other than upon the occurrence of a qualifying event. For the avoidance of doubt, condition (f) does not apply to self-employed persons, personal account holders or Special Voluntary Contribution Account Members; (g) Terminal illness. The conditions (a) to (e), and (g) apply to employee members, self-employed persons, personal account holders and Special Voluntary Contribution Account Members.

If a redemption, switching out or withdrawal of the units of the fund is effected other than the occurrence of a qualifying event as stated above, the guarantee will be affected. Special terms and conditions apply regarding how the guarantee operates. Please refer to the Appendix 1 of the MPF Scheme Brochure for details of the credit risk, guarantee features and guarantee conditions of this constituent fund.

Note 5: BEA (MPF) Conservative Fund, BEA MPF Conservative Fund and BEA (Industry Scheme) MPF Conservative Fund (collectively "MCF") do not provide any guarantee of the repayment of capital. Investment in MCF is not equivalent to placing funds on deposit with a bank or deposit-taking company. MCF are not subject to the supervision of the Hong Kong Monetary Authority.

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. MCF use method (ii) and, therefore, unit prices, net asset value and fund performance quoted (except for the fund performance figures quoted in a fund fact sheet) do not reflect the impact of fees and charges.

Note 6: 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 a fund choice, and is also available as an investment choice itself, for members who find it suitable for their own circumstances. Members who do not wish to choose an investment option do not have to do so. For those members who do not make an investment choice, their future contributions and accrued benefits transferred from another MPF scheme will be invested in accordance with the DIS.

DIS is not a fund - it is a strategy that uses two constituent funds, i.e. the Core Accumulation Fund and Age 65 Plus Fund to automatically reduce the risk exposure as the member approaches retirement age. Core Accumulation Fund will invest around 60% in higher risk assets (higher risk assets generally means equities or similar investments) whereas the Age 65 Plus Fund will invest around 20% in higher risk assets. Switching of the existing accrued benefits among Core Accumulation Fund and Age 65 Plus Fund will be automatically carried out each year on a member's birthday from the age of 50 to 64 and according to the allocation percentages as shown in the DIS de-risking table.

To invest in DIS, member's instruction must be an instruction to invest 100% of: (A) existing accrued benefits and/or (B) future contributions and accrued benefits transferred from another scheme in the DIS.

De-risking mechanism will not apply where the member chooses these constituent funds as standalone investments (rather than as part of the DIS). However, the funds with same name under DIS and non-DIS have the same unit prices.

For further details, including the product features, de-risking mechanism and table, fees and charges, investment rules and procedures, and the risk factors involved, please refer to the MPF Scheme Brochure of the relevant scheme.

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