HSBC Mandatory Provident Fund – SuperTrust Plus
Data as of 2026-06-30
Achieve long-term capital growth through investing in a diversified portfolio that mainly comprises US equities and equity-related investments. It is expected that preference will be given to ITCIS(s) when making investments.
| 3 Months | 1 Year | 3 Years | 5 Years | 10 Years | Since Launch | |
| Cumulative | +14.58% | +19.78% | +67.81% | +72.95% | N/A | +154.83% |
| Annualised | — | +19.78% | +18.81% | +11.57% | N/A | +14.29% |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
| Return (%) | +16.57% | +22.40% | +24.33% | -19.81% | +27.11% |
Returns are net of fees. Past performance is not indicative of future returns.
| 3 Months | 1 Year | 3 Years | 5 Years | 10 Years | Since Launch | |
| Return (%) | +5.92% | +10.77% | +33.22% | +50.93% | N/A | +71.75% |
| 1 Year | 3 Years | 5 Years | 10 Years | Since Launch | |
| Return (% p.a.) | +10.77% | +10.03% | +8.58% | N/A | +8.13% |
| 2021 | 2022 | 2023 | 2024 | 2025 | YTD | |
| Return (%) | +13.48% | -7.38% | +12.59% | +9.81% | +10.66% | N/A |
US equities rebounded sharply in the second quarter of 2026, recovering from a weaker first quarter and returning to record territory before renewed volatility resurfaced. The fundamental narrative was anchored by artificial intelligence (AI)-driven earnings strength and robust expectations around data-centre and compute investment. However, the market’s path was not smooth: leadership rotated as investors reassessed concentration risks, and the quarter included periods where high-profile AI beneficiaries and semiconductors came under notable selling pressure. A key feature of the quarter was the tug-of-war between AI optimism and valuation discipline. The quarter reinforced how quickly the market can shift from celebrating earnings momentum to questioning the sustainability of elevated profit margins, particularly as the costs of the AI buildout rise and the Initial Public Offerings (IPO) window reopens for large, high-profile growth companies. The resurgence of mega-cap IPO discussions added another layer to investor psychology, with the potential for fear of missing out sitting alongside concerns about unforgiving entry points. Looking ahead, the US remains supported by strong earnings creation power, but risks include sticky inflation sensitivity to energy and the possibility of further sharp style rotations if AI expectations wobble or funding conditions tighten.
| # | Security name | Holdings Weight |
| 1 | NVIDIA Corp | 6.8% |
| 2 | Apple Inc | 6.1% |
| 3 | Alphabet Inc-Class A | 5.5% |
| 4 | Microsoft Corp | 4.0% |
| 5 | Amazon.Com | 3.4% |
| 6 | Broadcom Inc | 2.6% |
| 7 | Micron Technology Inc | 1.9% |
| 8 | Meta Platforms Inc-Class A | 1.8% |
| 9 | Tesla Inc | 1.8% |
| 10 | Eli Lilly and Co | 1.4% |
| Total | 35.3% |
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.