BOC-Prudential Easy-Choice Mandatory Provident Fund Scheme
Data as of 2026-03-31
The BOC-Prudential MPF Conservative Fund aims at achieving a return higher than the interest rate in Hong Kong dollar savings account. The BOC-Prudential MPF Conservative Fund will be invested in deposits and debt securities with an average portfolio maturity of not exceeding 90 d a y s a n d w i l l h a v e a t o t a l v a l u e o f H K D c u r re n c y investments equal to the total market value of the BOCPrudential MPF Conservative Fund, as measured by the effective currency exposure in accordance with section 16 of Schedule 1 to the Regulation10. The risk level of the BOCPrudential MPF Conservative Fund is generally regarded as low2 .
| 3 Months | 1 Year | 3 Years | 5 Years | 10 Years | Since Inception | Year to Date | |
| Cumulative | +0.51% | +2.01% | +9.78% | +11.37% | +15.56% | +34.68% | +0.51% |
| Annualised | — | +2.01% | +3.16% | +2.18% | +1.46% | +1.18% | — |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
| Return (%) | +2.32% | +3.82% | +3.74% | +0.55% | +0.00% |
Returns are net of fees. Past performance is not indicative of future returns.
Note: for the MPF Conservative Fund, dollar cost averaging return is shown as the prescribed savings rate.
| 3 Months | Year to Date | 1 Year | 3 Years | 5 Years | 10 Years | Since Inception | |
| Return (%) | +0.00% | +0.00% | +0.13% | +1.57% | +1.81% | +1.97% | +10.70% |
| 1 Year | 3 Years | 5 Years | 10 Years | Since Inception | |
| Return (% p.a.) | +0.13% | +0.52% | +0.36% | +0.20% | +0.40% |
| 2021 | 2022 | 2023 | 2024 | 2025 | YTD | |
| Return (%) | +0.00% | +0.08% | +0.76% | +0.77% | +0.19% | N/A |
The Fund delivered a positive return in the first quarter, supported primarily by income contributions from time deposits and bond investments. Liquidity conditions in the HKD market continued to improve, prompting HIBOR to decline, with the 3‑month tenor falling by as much as 58 basis points to end the quarter at 2.36%. This came despite the heightened volatility in global bond markets, as the escalating US‑Iran tensions triggered an energy‑driven inflation shock that complicated central bank policy trajectories.Looking ahead, the Fund’s performance will be shaped by macroeconomic and policy developments. While time deposits will remain the core of the investment strategy, we will continue to seek opportunities to enhance overall yield through selective investments in Certificates of Deposit (CDs) and high‑quality corporate bonds.
| # | Security name | Holdings Weight |
| 1 | WESTPAC BANKING 3% A 28JAN2027 | 3.4% |
| 2 | BANK OF COMM/SYD A 3% 15MAY2026 | 2.1% |
| 3 | MACQUARIE GROUP 2.905% A 19MAR2027 | 1.7% |
| 4 | HKMA EF BILL 0% A 13MAY2026 | 1.7% |
| 5 | SUN HUNG KAI PRO 2.5% Q 15APR2026 | 1.6% |
| 6 | BARCLAYS BK PLC 2.8% A 13JAN2027 | 1.3% |
| 7 | HANA SECURITIES H+0.51% Q 23DEC2026 | 1.3% |
| 8 | SAUDI NTL BK SG 3.04% A 08JUL2026 | 1.2% |
| 9 | MIZUHO SECURITIE 3.11% A 16SEP2026 | 1.1% |
| 10 | NATIXIS/HK 2.95% A 27AUG2026 | 1.0% |
| Total | 16.4% |
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.