Investment Objective
To provide stable growth by investing in a globally diversified manner. Mandated by the MPF Schemes Ordinance. Invest as a feeder fund into the respective APIF which adopts a passive investment strategy and approximately 20% of the APIF will be invested in higher risk assets with the remaining assets in lower risk assets
Fund Details
Latest Fund Expense Ratio: 0.76%
Launch Date(dd/mm/yyyy): 01/04/2017
Unit Price: HKD 11.027
Fund Size: HKD 2,488.8M
Fund Commentary
In the first quarter of 2020, the equity market went through a “roller coaster” with the first half of the quarter continuing the strong performance of last quarter. But the situation quickly turned around in the second half of the quarter as Coronavirus outbreak impacted the market. Investors rushed to safe heaven assets driving US 10yr treasury yield down by over 120bps in the quarter. To fight against this backdrop, there is a globally coordinated efforts by different countries on both fiscal and monetary front to support the economy.
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 |
| N/A% |
N/A% |
N/A% |
3.32% |
N/A | N/A | 3.24 | -1.38 | 9.88 | N/A |
Fund Performance Information
| Annualised return |
1 year
(p.a. %) |
5 years
(p.a. %) |
Since Launch
(p.a. %) |
| N/A% |
N/A% |
3.32% |
| Calendar year return |
| 2015 | 2016 | 2017 | 2018 | 2019 | YTD |
| N/A | N/A | 3.24 | -1.38 | 9.88 | N/A |
Top 10 Holdings
| Security name |
Holdings Weight |
| US Treasury 2.5% 15/02/2022 |
1.37% |
| US Treasury 2% 31/10/2022 |
1.07% |
| Microsoft Corp. |
0.66% |
| US Treasury 2.875% 15/08/2028 |
0.61% |
| US Treasury 2% 30/11/2022 |
0.60% |
| US Treasury 1.5% 15/02/2030 |
0.59% |
| Apple Inc. |
0.58% |
| US Treasury 2.625% 15/07/2021 |
0.54% |
| France O.A.T. 0.0% 25/03/2024 |
0.53% |
| US Treasury 2.25% 30/04/2024 |
0.52% |
| Total |
7.07% |
Top 10 Holdings
Security name
Holdings Weight |
| US Treasury 2.5% 15/02/2022
Holding Weight 1.37%
|
| US Treasury 2% 31/10/2022
Holding Weight 1.07%
|
| Microsoft Corp.
Holding Weight 0.66%
|
| US Treasury 2.875% 15/08/2028
Holding Weight 0.61%
|
| US Treasury 2% 30/11/2022
Holding Weight 0.60%
|
| US Treasury 1.5% 15/02/2030
Holding Weight 0.59%
|
| Apple Inc.
Holding Weight 0.58%
|
| US Treasury 2.625% 15/07/2021
Holding Weight 0.54%
|
| France O.A.T. 0.0% 25/03/2024
Holding Weight 0.53%
|
| US Treasury 2.25% 30/04/2024
Holding Weight 0.52%
|
| Total: 7.07% |
Portfolio Allocation
- • 76.0 Global Bond
- • 21.0 Global Equity
- • 3.0 Cash and Others
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