Many people may find it hard to understand information about
fees and charges and, in particular, have difficulty in comparing
information across different funds and schemes. The purpose of
this platform is to help you compare information about fees
and charges across different schemes and funds. Some other
information not relating to fees and charges has also been
included to help you put the fees and charges into context.
For more information on how this platform can help you, click here.
Key Things to Note About Using This Platform
- The information provided in this platform is for general
reference only, to help you make comparisons across different
MPF constituent funds and schemes. The information contained on
this platform should not be treated as a substitute for the
source information from the trustee or sponsor of the relevant
scheme. The information provided is based on data provided by
the approved trustee of each scheme. The Mandatory Provident
Fund Schemes Authority (MPFA) does not warrant or guarantee
the accuracy of the information and shall not be held liable
for any errors or omissions in or any reliance placed upon any
of the information.
- Some pieces of information, such as Fund Expense Ratio and On-going Cost Illustration, are historical
in that they are based on data from the previous financial period.
The figures will not reflect any increases or decreases in fees,
charges or expenses in the current financial period. There will
also be some time lag between changes in data and its inclusion
in this platform. Users should therefore
check information against the most recent information available
from the trustee or sponsor of any scheme being considered before
any final investment decisions are made.
- The information provided may be re-disseminated or reproduced,
provided that the MPFA, as the source of information, is acknowledged
and that the re-dissemination or reproduction is for non-commercial
use. Any reproduction, adaptation, distribution, dissemination or
making available of the information for commercial use must obtain
prior written consent from the MPFA.
- The information is provided for reference only and shall not be construed as a distribution, an offer to sell, a solicitation of an offer or a recommendation by the MPFA of any particular MPF constituent fund.
How This Platform Can Help You
As a member of an MPF scheme, there are a number of decisions
that you may need to make about your MPF investments. The factors
that you should consider when making those decisions will vary
depending on the decision that you are making. When you are making
decisions across different funds or schemes, factors such as the
range of services you are getting, the risk (and likely return)
attributes of funds and how they fit with your personal needs will
generally be important. Fees and charges are also important.
The basic information about fees, expenses and charges is set out in
the Fee Table of the relevant MPF scheme. This information is
summarized under "Fees of all MPF Funds, Details, More,
View Details" on this platform.
Because it is not easy to compare the basic information from
the Fee Tables, we have developed a few tools that will help you
better compare fees and charges across funds and schemes. The
first tool, which you will find at various places on the platform,
is the "Fund Expense Ratio", or "FER".
It indicates the total amount of expenses charged by an MPF fund
as a percentage of fund size. Fees and charges are the predominant
components of fund expenses.
Another tool you will find on this platform is the "On-going
Cost Illustration", or "OCI".
This illustrates the impact of fees, expenses and charges on your investments
over periods of 1, 3 and 5 years.
In order to understand or compare fees and charges in context,
you may need to understand more about the different types of MPF funds.
Different MPF funds have different characteristics and risks
and are classified into 6 main Fund Types. You can use
the platform to search by different fund types.
The risk level of an MPF fund is measured by the
Fund Risk Indicator.
It indicates the volatility of the performance of a fund.
You will also be able to find the Fund Risk Indicator for each
fund on the platform.
Past performance information may not be a reliable guide to future performance. However, if you want to find past performance information for reference purposes, you can click the Fees of all MPF Funds (green button), or refer to the fund fact sheet of a scheme, a copy of which can also be accessed on this platform.