AIA MPF - Prime Value Choice
Data as of 2026-06-30
Top-10 holdings are 38.7% of the fund. Nvidia at 7.8% is the largest single position. The top three together are 19.8%. Concentration is moderate. Within the top 10, by sector: semiconductors 12.7%, tech and internet 12.1%, tech hardware 7.0%. Within the top 10, by geography: US 38.7%. 8 of the top 10 holdings also sit in peers' top 10 — high overlap with the category consensus.
There is meaningful AI-cycle exposure through semiconductors and hardware. It is a contributor, not the driver. With heavy US exposure in the top 10, the Fed's path and the dollar matter more than local factors. US policy easing would be a tailwind; a hawkish surprise would weigh across the board.
At the stock level there are no outsized single-name risks. The portfolio's behaviour will be driven by sector and market moves, not individual company events.
Growth: tech and semiconductors at 36.9% of top-10; concentration 38.7%. Manager runs a disciplined, benchmark-aware portfolio (8/10 top holdings overlap peers). AI capex cycle supports fundamentals, but history warns of valuation compression after capex peaks. Growth is rate-sensitive with potentially deep drawdowns in tightening cycles; long-term returns need time for earnings compounding.
To seek a long-term capital appreciation by investing in a combination of North and South American equity market index-tracking funds. This fund is not an index-tracking fund. This fund is a portfolio management fund investing entirely in approved ITCISs.
| 1 Year | 3 Years | 5 Years | 10 Years | Since Launch | YTD | |
| Cumulative | +19.80% | +66.12% | +73.40% | +226.64% | +392.15% | +9.61% |
| Annualised | +19.80% | +18.43% | +11.64% | +12.57% | +11.39% | — |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
| Return (%) | +15.87% | +22.30% | +24.29% | -19.30% | +26.50% |
Returns are net of fees. Past performance is not indicative of future returns.
| 1 Year | 3 Years | 5 Years | 10 Years | Since Launch | YTD | |
| Return (%) | +8.97% | +30.58% | +48.99% | +98.86% | +156.49% | +5.62% |
| 1 Year | 3 Years | 5 Years | 10 Years | Since Launch | |
| Return (% p.a.) | +8.97% | +9.30% | +8.30% | +7.12% | +6.59% |
| 2021 | 2022 | 2023 | 2024 | 2025 | YTD | |
| Return (%) | +12.63% | -5.62% | +10.43% | +7.64% | +9.08% | N/A |
The fund recorded -1.26% return in June. The main detractor was the Communication Services sector. In June, there was a divergence in performance among the three major equity indices. The Dow Jones Industrial Average was up 2.5% and reached another record closing high. However, the Nasdaq Composite Index and the Standard and Poor's 500 Index registered monthly losses mainly due to the corrections in Technology and Energy sectors. Economic statistics in May showed that both consumer and producer inflation kept accelerating. On the growth front, the purchasing managers' indices compiled by the Institute of Supply Management increased from the previous month's levels.
| # | Security name | Holdings Weight |
| 1 | NVIDIA CORP | 7.79% |
| 2 | APPLE INC | 6.96% |
| 3 | MICROSOFT CORP | 5.08% |
| 4 | AMAZON COM INC | 4.01% |
| 5 | ALPHABET INC CLASS A | 3.36% |
| 6 | BROADCOM INC | 3.21% |
| 7 | ALPHABET INC CLASS C | 2.67% |
| 8 | META PLATFORMS INC CLASS A | 2.11% |
| 9 | TESLA INC | 1.86% |
| 10 | MICRON TECHNOLOGY INC | 1.66% |
| Total | 38.71% |
The fund expense ratio shows the total annual cost of running this fund as a percentage of its assets. It is already reflected in the fund price and returns. When comparing similar funds, fees are one of the few factors you can control.