Effective from 30 November 2023, Invesco Guaranteed Fund (“Terminating CF”), a constituent fund (“CF”) under the BCT Strategic MPF Scheme (the “Scheme”) will be terminated. The Terminating CF will no longer be available under the Scheme following the termination. The basic form of Bonus Units Exclusively for Hospital Authority MPF Employee Members remains unchanged. Please refer to the table below for the details:
Please download the After Rebate Fee Table PDF here.
Important Notes:
Management fee include fees paid to the Sponsor or promoter (if any), the trustee, custodian, administrator, and investment manager/manager for providing their services to the relevant fund. They are usually charged as a percentage of the net asset value of the relevant fund. In the case of the DIS Funds, management fees payable to the parties named above, or their delegates, can only (subject to certain exceptions in the MPF Ordinance) be charged as a percentage of the net asset value of a DIS Fund. These management fees are also subject to a statutory daily limit equivalent to 0.75% per annum of the net asset value of the relevant DIS Fund which applies across both the relevant DIS Fund and its underlying investment fund(s).
For the Invesco MPF Conservative Fund, all fees, charges and expenses will only be payable out of the fund to the extent permitted by the MPF Ordinance and the MPF General Regulation. Fees and charges of an Invesco MPF Conservative Fund can be deducted from either (i) the assets of the fund or (ii) members’ account by way of unit deduction. The Invesco MPF Conservative Fund uses method (i) and, therefore, unit price/net asset value/fund performance quoted have incorporated the impact of fees and charges. The Sponsor will bear any charges or expenses attributable to the Invesco MPF Conservative Fund which are not permitted to be payable out of the Invesco MPF Conservative Fund.
For details of fee and charges, please refer to the offering documents (including the Key Scheme Information Document and the MPF Scheme Brochure) of BCT Strategic MPF Scheme.
Investment involves risk. Investors should read the offering documents (including the Key Scheme Information Document and the MPF Scheme Brochure) of BCT Strategic MPF Scheme for details, including the risk factors and other product features.
The section is issued by Bank Consortium Trust Company Limited and not the property of Invesco Hong Kong. Invesco Hong Kong is not responsible for the content of this section.
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Invesco Strategic MPF Scheme (the "Master Trust") currently offers the Default Investment Strategy and 12 Constituent Funds, comprising the following fund types: equity fund (including index- tracking fund), bond fund, money market fund, guaranteed fund and mixed asset fund.
The Guaranteed Fund of the Master Trust invests solely in an insurance policy issued by Principal Insurance Company (Hong Kong) Limited, which is also the guarantor (the "Guarantor"). Your investments in the Guaranteed Fund are therefore subject to the credit risk of the Guarantor. The Guarantor of the Guaranteed Fund will provide a guarantee of capital and a prescribed guaranteed rate of return only (i) if a qualifying event occurs and the Guarantor receives a valid claim or (ii) in other situations (as described in the appendix to the MPF scheme brochure). You should read the MPF scheme brochure carefully before investing in the Guaranteed Fund. Please refer to the risk factors section and the appendix of the MPF scheme brochure for details of the credit risk, guarantee features and guarantee conditions.
The MPF Conservative Fund of the Master Trust does not guarantee the repayment of capital.
Fees and charges of an MPF Conservative Fund can be deducted from either (i) the assets of the fund or (ii) member's account by way of unit deduction. The MPF Conservative Fund of the Master Trust uses method (i) and, therefore, unit prices/NAV/fund performance quoted have incorporated the impact of fees and charges.
You should consider your own risk tolerance level and financial circumstances before taking any investment choices or invest according to the Default Investment Strategy. When, in your selection of funds and/or the Default Investment Strategy, you are in doubt as to whether a certain fund and/or the Default Investment Strategy is suitable for you (including whether it is consistent with your investment objectives), you should seek financial and/or professional advice and make investment choice(s) most suitable for you taking into account your circumstances.
In the event that you do not make any investment choices, your contributions made and/or accrued benefits transferred into the Master Trust will automatically be invested in accordance with the Default Investment Strategy, which may not necessarily be suitable for you. Please refer to the section headed "Default Investment Strategy" for further information.
Investment involves risks. Past performance is not indicative of future performance. You should not invest solely based on the information provided in this section and should read the MPF scheme brochure for details, including the risk factors and product features.
You are encouraged to read our Site-Policies for the terms that apply to your use of this website.