1 For Fidelity Retirement Master Trust, please note: . 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.
2 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 the Key Scheme Information Document and MPF Scheme Brochure for Fidelity Retirement Master Trust be invested in accordance with the Default Investment Strategy which may not necessarily be suitable for you. You should not invest based on this material alone and should read the Key Scheme Information Document and MPF Scheme Brochure for Fidelity Retirement Master Trust (including potential risks involved) for further information. Investment involves risks. You may suffer significant loss of your investments. Past performance is not indicative of future performance.. Fidelity Retirement Master Trust - Hong Kong Equity fund - . As of 30/06/2022. fund Performance . fund Descriptor . Equity fund Hong Kong YTD 3 Months 1 Year 3 Years 5 Years 10 Years Since Launch 3 1 3 5 10 .. Cumulative Performance About the fund Annualised Performance The Constituent fund aims to produce returns related to those N/A N/A achieved on the major stock market indices of Hong Kong, by Dollar Cost Averaging Return1.
3 Focusing investment into the equity market of Hong Kong, namely 1 N/A N/A equities of companies listed in Hong Kong or companies which have their head office or exercise a predominant part of their activity in Hong Kong (including companies listed outside Hong Cumulative Performance Annual Performance . Kong). Investing in these companies may result in exposure to countries/regions such as Mainland China which are considered to Price Index 2021 (%). be emerging markets. 2020 580. The Constituent fund is a feeder fund investing in Fidelity Global 2019 Investment fund Hong Kong Equity fund . 500 fund . 420. 2018 please refer to the investment objective for details of the fund . 2017 340. 2016 260. 2015 180. 2014 100. 2013 20. 12/00 06/04 06/06 06/08 06/10 06/12 06/14 06/16 06/18 06/20 06/22. 2012 .. fund Details . fund Manager Ronald Chung Top 10 Holdings Geographical Breakdown . Launch Date 01/12/2000 ALIBABA GROUP HOLDING LTD CHINA Unit NAV HK$ TENCENT HOLDINGS LTD HONG KONG fund Size HK$6, AIA GROUP LTD OTHERS# # Risk Class 6 HSBC HOLDINGS PLC #.
4 May include cash, account payables, account MEITUAN fund Risk Indicator (3-Year Standard Deviation) receivables and other regions (if any). HONG KONG EXCHS & CLEARING LTD . INDUSTRIAL & COM BK OF CHINA H SHRS . Year 2021 fund Expense Ratio 2021 H . fund Commentary^ ^ PING AN INSURANCE CO LTD H SHRS. Chinese equities gained in the second quarter. Investors turned optimistic H . about China's policies to stabilise growth, as easing COVID-19 lockdowns, CHINA MENGNIU DAIRY the reopening of major cities and a reduction in quarantine time for inbound TOTAL travellers towards the second half of the quarter raised hopes for a recovery in demand. Later in the quarter, policymakers announced a package of measures covering fiscal, financial, investment and industrial policies to revive China's economy and help promote tax revenue growth and employment. The People's Bank of China (PBoC) pledged to provide monetary support to ensure ample liquidity. China registered faster-than-expected GDP growth in the first quarter of 2022.
5 Exports registered above-expectation growth in May, contributing to a higher trade surplus. Within financial services, new bank Industry Breakdown . P l e a s e re fe r t o t h e R i s k C l a s s C l a s s i f i ca t i o n Methodology section for details. lending in China jumped more-than-expected in May and broader credit growth quickened as Beijing stepped-up policy support. However, uncertainties . over global growth remain, as aggressive monetary policy tightening The fund Risk Indicator is measured by the annualised measures by the US Federal Reserve (Fed), and similar indication from Financials . standard deviation of the fund 's monthly rates of European Union (EU) members may lead to a global slowdown. Hong Kong Consumer Discretionary markets also advanced, driven by investor optimism around the reopening return over the past 3 years to the reporting date. For and hopes for a recovery in macroeconomic growth. The portfolio generated constituent funds with less than 3 years of performance positive returns over the quarter.
6 Robust stock selection in industrials and Technology history, the fund risk indicator figure will not be health care sector contributed to performance while selected holdings in available. Generally, the higher the fund risk indicator, Real Estate the higher the fund 's risk level and the higher the communication services detracted from returns. The position in premium baijiu producer Kweichow Moutai advanced. It reported strong revenue and Consumer Staples volatility of the fund price. profit growth despite a lockdown and subdued consumer sentiment. Shares 3 . in online food delivery and services platform Meituan were supported by . expectations of a consumption recovery in China, as COVID-19 led restrictions Industrials . 3 . eased. In addition, easing concerns over further internet regulation supported Health Care . the stock. The position in the solar equipment manufacturer Longi Green . Basic Materials . Energy Technology added value as concerns over further tariff increases were eased while the renewable sector rerated on expectations of accelerated ^ as of 30/06/2022 30/06/2022.
7 Investments in the solar sector globally. Conversely, the lack of exposure to Utilities 1. automobile manufacturer BYD held back gains. Its shares rallied following This is the return achieved through investing the same China's indication that it would extend purchase tax exemptions for new Energy amount at the end of each month, comparing the total energy vehicles to support sales. The position in China Merchants Bank Telecommunications contributions with their current value and expressing declined. Chinese banks remained under pressure as overall credit demand the gain or loss as a percentage. Source: Mercer (Hong slowed during COVID-19 lockdowns. Kong) Limited Others* ** .. /.. Due to rounding, the total may not be equal to 100%. 2022 * May include cash, account payables, account receivables 5 and other industries (if any). 10 0 % . Source: Fidelity /HSBC Provident fund Trustee (Hong Kong). 5 Ltd., NAV to NAV, in HKD. /HSBC Provident fund Trustee (Hong Kong). Ltd .. Investment involves risks.
8 Past performance is not indicative of future performance. please refer to the Key Scheme Information Document and MPF Scheme Brochure for Fidelity Retirement Master Trust for further information including the risk factors. FIL Limited and its subsidiaries are commonly referred to as Fidelity or Fidelity International. Fidelity only gives information about its products and services. Fidelity , Fidelity International, the Fidelity International logo and F symbol are trademarks of FIL Limited. This material is issued by FIL Investment Management (Hong Kong) Limited. Fidelit y . Fidelit y International F I L Limited Fidelit y Fidelit y International Fidelit y International F F I L Limited .. Investment Objective . Hong Kong Equity fund . (a) Objective and policy (a) . The Hong Kong Equity fund aims to produce returns 70% . th at a re rel ate d to th o s e a ch i eve d o n th e m aj o r s t o c k m a r ke t i n d i c e s o f H o n g Ko n g b y f o c u s i n g . investment ( at least 70% of its net asset value).
9 I n to th e e qu i t y m a rket o f H o n g Ko n g, n a m ely e q u i ti e s o f co mp a n i e s l i s te d i n H o n g Ko n g o r . companies which have their head office or exercise . a predominant par t of their activity in Hong Kong (including companies which are listed outside Hong . Kong) . Investing in these companies may result in ex p o s u re to co u n t ri e s / re g i o n s s u ch a s M a i n l a n d China which considered to be emerging markets. Notes: . T h e H o n g Ko n g E q u i t y F u n d i nve s t s i n t h e H o n g FGIF . Ko n g E q u i t y F u n d o f F G I F, w h i c h i n t u r n i n v e s t s . directly in the market. Up to 10% of the net asset value of the Hong Kong FGIF 10% . Equity fund of FGIF may be invested in shares listed . on a stock exchange that is not an approved stock exchange as defined in the General Regulation.. T h e l a r g e s t te n h o l d i n g s / s e c u r i t i e s t o w h i ch t h e FGIF . Hong Kong Equity fund of FGIF may have exposure may account for 50% or more of its net asset value, 50%.
10 Resulting in a reasonably concentrated portfolio. (b) Balance of investments (b) . The Hong Kong Equity fund (via its investments in the . underlying fund ) will invest up to 100% of its latest 100% . available net asset value in equities. please refer to the Key Scheme Information Document . a n d M P F S ch e m e B ro ch u re fo r F i d e l i t y Re t i re m e n t . Master Trust for any defined terms and risks related to the Constituent fund . Risk Class Classification Methodology . Risk class is defined using a 7-point scale as 1 = lowest risk/return, 2 = low risk/return, 3 = low to medium risk/return, 4 = medium risk/. return, 5 = medium to high risk/return, 6 = high risk/return, 7 = highest risk/return. It is assigned to each constituent fund as illustrated below, based on the latest fund risk indicator of the constituent fund , which shows the price volatility of the constituent fund as a percentage around its average price over a three-year period. The higher the risk class, the higher the risk (and in general, expected return over the long term).