• The MPF Conservative Fund under the Fidelity Retirement Master Trust does not guarantee the repayment of capital. The purchase of a Unit in the MPF Conservative Fund is not the same as placing funds on deposit with a bank or deposit-taking company.
  • Fidelity SaveEasy Funds are not savings deposits and involve investment risks and this product may not be suitable for everyone. Investors should also consider factors other than age and review their own investment objectives.
  • You should consider your own risk tolerance level and financial circumstances before making any investment choices or invest according to the Default Investment Strategy. When, in your selection of funds or the Default Investment Strategy, you are in doubt as to whether a certain fund 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 choices most suitable for you taking into account your circumstances.
  • In the event that you do not make any investment choices, please be reminded that your contribution made and/or benefits transferred into the Master Trust will unless otherwise provided in this Principal Brochure be invested in accordance with the Default Investment Strategy which may not necessarily be suitable for you.
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  • Investment involves risks. You may suffer significant loss of your investments. Past performance is not indicative of future performance.

Core Accumulation Fund

Daily Change:
  • Scheme: Fidelity Retirement Master Trust
  • Fund type: Mixed Assets Fund
  • Risk/Return rating+: 4

Fund performance

Past 5 calendar years performance (%)

Past 5 calendar years performance (%)

Cumulative performance(%)

Cumulative performance(%)
YTD3 mths1 yr3 yrs5 yrs10 yrsSince Launch

Annualised performance(%)

Annualised performance(%)
YTD3 mths1 yr3 yrs5 yrs10 yrsSince Launch

Dollar cost averaging return*(%)

Dollar cost averaging return*(%)
YTD3 mths1 yr3 yrs5 yrs10 yrsSince Launch

As of 28/02/2019, based on latest unit NAV of most recent calendar month.

Investment objective

The Constituent Fund aims to achieve capital growth by investing in a globally diversified manner; and to target to invest 60% of its NAV in higher risk assets (such as global equities), with the remainder investing in lower risk assets (such as global debt securities, money market instruments and other permissible investments under the General Regulation). The asset allocation to higher risk assets may vary between 55% and 65% due to market movements.

About this fund
Fund details as of28 Feb 2019
Denominated currencyHKD
Launch date01 Apr 2017
Launch price10.00 HKD
Fund sizeHK$877.66 million
Fund descriptorMixed Assets Fund - [Global] - Maximum higher risk assets (such as global equities) 65%
PhoneXpress fund code8016
Fund manager
Fund manager
Pek Ng
Manager start date
01 Apr 2017
Fund fees
Fund expense ratio-
Volatility measures
Risk indicator++

(3-year standard deviation)

Risk/Return rating+4

Source: Fidelity/HSBC Institutional Trust Services (Asia) Ltd./Morningstar Asia Ltd., NAV to NAV, in HKD.

Change in NAV since last valuation date.


Risk/Return rating is defined using a 5-point risk/return scale as 1 = Lowest risk/return, 2 = Low risk/return, 3 = Medium risk/return, 4 = High risk/return, 5 = Highest risk/return. The risk/return profile for each Constituent Fund is created by FIL Investment Management (Hong Kong) Limited (“Fidelity”), based on its in house analysis, after consideration of the “Risk Factors” described in the Principal Brochure of Fidelity Retirement Master Trust, prevailing market, political, structural, economic and other conditions, and the anticipated asset allocation of each Constituent Fund. The risk/return ratings are provided by Fidelity to investor for reference only and may be subject to change according to regular review (at least once a year) by Fidelity depending on the market conditions without prior notice. Investor should always consider their individual risk and return profile.


Since launch date to the end of launch year. Fidelity Hong Kong Tracker Fund was launched on 28 June 2013.


The Performance and NAV charts are shown using daily unit NAV.


This is the return achieved through saving the same amount at the end of each month, comparing the total contributions with their current value and expressing the gain or loss as a percentage. Source: Mercer (Hong Kong) Limited.


Risk Indicator is measured by the annualised standard deviation of the fund’s monthly rates of return over the past 3 years to the reporting date of the fund factsheet. For constituent funds with less than 3 years of performance history, the risk indicator figure will not be available. Standard Deviation is a measure of the historical performance fluctuation of a mutual fund or portfolio, usually computed using 36 monthly returns. This is to measure how the monthly fund performance movements are away from the average performance. The greater the degree of dispersion, the greater the risk.