Sun Life Rainbow MPF Scheme
Data as of 2026-06-30
Top-10 holdings are 39.6% of the fund. Johnson & Johnson at 6.7% is the largest single position. The top three together are 18.6%. Concentration is moderate. By sector: healthcare 8.5%, tech hardware 7.8%, semiconductors 7.5%. By geography: US 31.1%. Active share is 71.2% — a genuinely independent portfolio.
There is meaningful AI-cycle exposure through semiconductors and hardware. It is a contributor, not the driver. With heavy US exposure, 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.
As an index tracker, stock selection is not the manager's call — the index decides. What matters is tracking: how closely the fund follows its benchmark, and at what cost.
Passive index tracker with top-10 concentration of 39.6%; return equals index minus fees. Can serve as a portfolio core, paired with other styles for diversification. Suggested horizon 5+ years.
Seeks to provide members with investment results that, before fees and expenses, closely track the performance of the FTSE Custom MPF Developed Selected Countries ESG Low Carbon Select Hedged Index.
| 3 Months | 1 Year | 3 Years | 5 Years | 10 Years | Since Launch | Year to Date | |
| Cumulative | +15.72% | +23.07% | +59.81% | N/A | N/A | +61.57% | +11.64% |
| Annualised | — | +23.07% | +16.90% | N/A | N/A | +16.91% | — |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
| Return (%) | +19.92% | +13.92% | +5.93% | N/A | N/A |
Returns are net of fees. Past performance is not indicative of future returns.
| Year to Date | 3 Months | 1 Year | 3 Years | 5 Years | 10 Years | Since Launch | |
| Return (%) | +6.87% | +2.24% | +11.48% | +32.12% | N/A | N/A | +32.86% |
| 2021 | 2022 | 2023 | 2024 | 2025 | YTD | |
| Return (%) | N/A | N/A | +5.93% | +13.92% | +19.92% | N/A |
For the three months ended 30 June 2026, Sun Life MPF Global Low Carbon Index Fund returned +15.7%. The fund delivered returns of +8.8%, +6.0% and +0.4% for the months of April, May, June, respectively. Among the top positive contributing stocks in the fund during the quarter were Intel, Cisco Systems and Advanced Micro Devices. The biggest detractors from portfolio performance over the quarter were Accenture, Verizon Communication and AT&T INC.
| # | Security name | Holdings Weight |
| 1 | Johnson & Johnson | 6.7% |
| 2 | Visa Inc - Class A | 6.4% |
| 3 | Microsoft Corp | 5.5% |
| 4 | Cisco Systems Inc | 5.2% |
| 5 | Intel Corp | 4.2% |
| 6 | NVIDIA Corp | 3.3% |
| 7 | Apple Inc | 2.6% |
| 8 | Mitsubishi UFJ Financial Group Inc | 2.1% |
| 9 | Merck & Co Inc | 1.8% |
| 10 | Citigroup Inc | 1.8% |
| Total | 39.6% |
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.