Investment Objective
The investment objective of the constituent fund is to provide stable growth to Members by investing in a globally diversified manner.
Fund Details
Latest Fund Expense Ratio: 0.94%
Launch Date(dd/mm/yyyy): 01/04/2017
Unit Price: HKD 10.9
Fund Size: HKD 75.04M
Fund Commentary
The first 3-months of 2020 were dominated by events in March. Specifically, the ongoing spread of the covid-19 virus and the economic impact of the measures being taken to fight it. By end of the quarter, most countries across the world had introduced some form of lockdown on their populations. As a result, economic activity has been significantly curtailed and many companies are now shuttered. Against this backdrop, corporate bonds have experienced significant price falls. US Treasuries and Gilts on the other hand have typically benefitted from their perception as potential safe havens. However, this has not been the case across all government markets, peripheral European sovereigns for example fell in price.
Fund Performance Information
| Annualised return |
Calendar year return |
1 year
(p.a. %) |
5 years
(p.a. %) |
10 years
(p.a. %) |
Since launch
(p.a. %) |
2015 | 2016 | 2017 | 2018 | 2019 | YTD |
| 4.34% |
N/A% |
N/A% |
2.84% |
N/A | N/A | 2.20 | -1.80 | 8.98 | N/A |
Fund Performance Information
| Annualised return |
1 year
(p.a. %) |
5 years
(p.a. %) |
Since launch
(p.a. %) |
| 4.34% |
N/A% |
2.84% |
| Calendar year return |
| 2015 | 2016 | 2017 | 2018 | 2019 | YTD |
| N/A | N/A | 2.20 | -1.80 | 8.98 | N/A |
Top 10 Holdings
| Security name |
Holdings Weight |
| US TREASURY NOTE/BOND 2.375% 15/8/2024 |
9.57% |
| US TREASURY NOTE/BOND 1.375% 30/4/2021 |
7.47% |
| NORWEGIAN GOVERNMENT BOND 2% 26/4/2028 |
3.89% |
| US TREASURY NOTE/BOND 3% 15/2/2048 |
3.29% |
| US TREASURY NOTE/BOND 2.75% 15/2/2028 |
2.99% |
| SWEDISH GOVERNMENT 2.25% 1/6/2032 |
2.89% |
| US TREASURY NOTE/BOND 3.75% 15/11/2043 |
2.09% |
| SWITZERLAND 0.5% 27/5/2030 |
1.99% |
| BONOS Y OBLIG DEL ESTADO 5.5% 30/4/2021 |
1.79% |
| FRANCE (GOVT OF) 0.5% 25/5/2025 |
1.59% |
| Total |
37.56% |
Top 10 Holdings
Security name
Holdings Weight |
| US TREASURY NOTE/BOND 2.375% 15/8/2024
Holding Weight 9.57%
|
| US TREASURY NOTE/BOND 1.375% 30/4/2021
Holding Weight 7.47%
|
| NORWEGIAN GOVERNMENT BOND 2% 26/4/2028
Holding Weight 3.89%
|
| US TREASURY NOTE/BOND 3% 15/2/2048
Holding Weight 3.29%
|
| US TREASURY NOTE/BOND 2.75% 15/2/2028
Holding Weight 2.99%
|
| SWEDISH GOVERNMENT 2.25% 1/6/2032
Holding Weight 2.89%
|
| US TREASURY NOTE/BOND 3.75% 15/11/2043
Holding Weight 2.09%
|
| SWITZERLAND 0.5% 27/5/2030
Holding Weight 1.99%
|
| BONOS Y OBLIG DEL ESTADO 5.5% 30/4/2021
Holding Weight 1.79%
|
| FRANCE (GOVT OF) 0.5% 25/5/2025
Holding Weight 1.59%
|
| Total: 37.56% |
Portfolio Allocation
- • 21.11 Equities
- • 76.66 Bonds
- • 2.23 Cash & Others
The materials provided are for information only and do not constitute as an offer. For investment advice, please consult professional advisors. The information contained in this website has been compiled with considerable care to ensure its accuracy at the date of publication. However, no representation or warranty, express or implied, is made to its accuracy or completeness. MPF.HK shall not be responsible for any consequential effect, nor be liable for any direct, consequential, incidental, indirect loss or damage, howsoever caused, arising from the use of, inability to use or reliance upon any information or materials provided on this website, whether or not such loss or damage is caused by MPF.HK. Links to third party sites are provided for your information only. The content and software of these sites have been issued by third parties. As such, MPF.HK cannot be responsible for the accuracy of information contained in these sites, nor be held liable for any loss or damage arising from or related to their use.