Sun Life MPF Master Trust

Sun Life MPF Master Trust offers you a choice of 13 constituent funds, across the risk and return spectrum. These 13 constituent funds include: one conservative portfolio, two bond portfolios, one capital guarantee portfolio, six lifecycle portfolios and three equity portfolios. You can invest in different constituent funds according to your investment objectives and needs.

The above proposed asset allocation is for indicative purposes. Investors should note that the actual allocation may at times be varied from the proposed asset allocation in the MPF Scheme Brochure as market, economic and other conditions change.

^†“Short-term debt securities” means (i) debt securities with a maturity of 1 year or less, with a credit rating level set by MPFA; or (ii) debt securities, with a maturity of 2 years or less issued by or guaranteed by specific issuers. For a list of specific issuers, please refer to Section 3.2.5.2 of the MPF Scheme Brochure

^*Characteristics of constituent fund are determined by Schroder Investment Management (Hong Kong) Limited based on a number of factors relating to the underlying investments, including types of asset classes and their respective target weightings, and classification will be reviewed at least yearly by Schroder Investment Management (Hong Kong) Limited.

^#Effective from 30 September 2015, the constituent fund was renamed from Schroder MPF HK Dollar Fixed Income Portfolio to Schroder MPF RMB and HKD Fixed Income Portfolio.

You can see below different constituent funds and their risk and potential return. These range from relatively conservative portfolios to higher growth/higher risk portfolios.

^†"Short-term debt securities" means (i) debt securities with a maturity of 1 year or less with a credit rating level set by the MPFA; or (ii) debt securities with a maturity of 2 years or less issued by or guaranteed by specific issuers. For a list of specific issuers, please refer to Section 3.2.5.2 of the MPF Scheme Brochure.

^#Effective from 30 September 2015, the constituent fund was renamed from Schroder MPF HK Dollar Fixed Income Portfolio to Schroder MPF RMB and HKD Fixed Income Portfolio.

Investors should note that the actual allocation may at times be varied from the proposed asset allocation in the MPF Scheme Brochure as market, economic and other conditions change.

Risk/potential return spectrum is determined by Schroder Investment Management (Hong Kong) Limited based on a number of factors relating to the underlying investments, including the exposure of equities, breadth and geographical diversification. The potential return and risk for each constituent fund is provided for reference only. The potential return does not represent the actual return and is not indicative of future performance. Investors should consider their own circumstances, including, without limitation, their own risk tolerance level, financial circumstances and investment objectives, before making any investment decisions. If you are in any doubt, you should seek independent professional financial advice.

Risk/potential return spectrum will be reviewed and, if appropriate, revised at least yearly by Schroder Investment Management (Hong Kong) Limited taking into account the prevailing market circumstances.

Please refer to Section 4.1 of the MPF Scheme Brochure of Sun Life MPF Master Trust for further details of the investment risks of the constituent funds.

The Fund Cruiser is generally applicable as the default investment arrangement for members who have a Pre-existing Account and who are aged 60 or above before 1 April 2017. For other members who hold a Pre-existing Account, please see paragraph Section 3.3.4 of the MPF Scheme Brochure of Sun Life MPF Master Trust for further details on the circumstances in which the Fund Cruiser may apply to Pre-existing Accounts.

The Fund Cruiser is also available as a separate investment choice to a member who chooses the Fund Cruiser as his investment instruction. The conditions for a member to invest in the Fund Cruiser are (i) giving an investment instruction to invest 100% of accrued benefits and contributions in an account into the Fund Cruiser and (ii) all of the accrued benefits in the relevant account are fully invested in the Fund Cruiser.

When you choose the Fund Cruiser, your balances and contributions will automatically be invested to the following arrangement according to your age. Your balances and contributions will also be switched automatically when you reach a different life stage.

Our Fund Cruiser aims to help you at your early working life to gain higher long-term potential investment return, and aims to help those who are close to retirement to reduce short-term investment risk. We assume that a fund with higher equity exposure potentially generates higher returns in the long run but with higher volatility in the short term, compared to a fund with lower equity exposure. For a younger member with a longer investment horizon, he/she can normally tolerate higher short term volatility.

Please note that each constituent fund is subject to market fluctuations and to the risks inherent in all investments and markets. As a result, the prices of units of the constituent funds and the income from units can go down as well as up. Switching of accrued benefits will be subject to risk of market fluctuation. The Trustee and the Investment Manager will have no responsibility for any investment losses sustained by any member as a result of the Fund Cruiser applied.

“Pre-existing Account” refers to an account which exists or is set up before 1 April 2017.

For more details about Fund Cruiser and Default Investment Strategy (“DIS”), please refer to the MPF Scheme Brochure of Sun Life MPF Master Trust or access Sun Life’s website at www.sunlife.com.hk to visit our DIS dedicated website.

Please refer to the MPF Scheme Brochure of Sun Life MPF Master Trust for details of other applicable fees, charges and expenses of the constituent funds.

^{^}”Management fees” include fees paid to the trustee, custodian, administrator, investment manager (including fees based on fund performance, if any) and sponsor or promoter (if any) of a scheme for providing their services to the relevant fund. They are usually charged as a percentage of the net asset value of a 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 DIS Fund and its underlying approved pooled investment funds.

“DIS Funds” refers to the Schroder MPF Core Accumulation Fund and the Schroder MPF Age 65 Plus Fund and the “DIS Fund” means any of them.