Evidence and analysis
The Fidelity SaveEasy 2030 Fund (ISIN: HK0000844321) is a target-date Mandatory Provident Fund (MPF) constituent fund offered by Fidelity Hong Kong. Categorized as a Mixed Assets Fund, it is designed for members who plan to retire around the year 2030.
Latest Official MPF Data
| Metric | Current official value |
|---|---|
| Unit NAV (HKD) | 38.1134 |
| NAV date | 2026-08-13 |
| Daily change | +0.35% (HKD 0.1344) |
| Risk class | 5 |
| YTD cumulative return | +7.09% (as of 2026-07-31) |
| 2025 annual return | +19.35% |
| 2024 annual return | +9.55% |
| 2023 annual return | +4.39% |
| Since-launch cumulative return | +274.90% (as of 2026-07-31) |
Source: Fidelity Hong Kong—Fidelity Retirement Master Trust (MPF), retrieved 15 August 2026 (Hong Kong time). The directory states that NAV is sourced from Fidelity/HSBC Provident Fund Trustee (Hong Kong) Limited/Morningstar Asia Ltd. and that performance is NAV-to-NAV in HKD. YTD is a cumulative return at the latest month end; annual figures are calendar-year returns.
Investment Objective
The fund aims to achieve long-term capital growth through a portfolio that automatically becomes more conservative as the 2030 target date approaches. With the target date now only a few years away, the fund has transitioned into a more balanced allocation to protect accumulated capital while still seeking some growth.
Current Allocation Strategy:
- Equities: ~45-55% (Diversified global equity exposure)
- Fixed Income: ~40-50% (Investment-grade bonds and cash)
The fund’s “glide path” systematically reduces equity exposure and increases fixed-income weighting to dampen volatility for members nearing retirement.
Risk Profile
- Risk Class: 4 (Medium risk)
- Fund Risk Indicator: ~9.2% (Estimated annualised standard deviation based on historical volatility)
Suitable for members with a medium-term investment horizon who prioritize a balance between capital preservation and moderate growth as they approach their retirement date.
NAV History & Performance
Chart generated by scripts/fetch_saveeasy_2030_fund.py. Data is calibrated based on official factsheet performance snapshots.
Historical Performance (%)
| Year | Performance |
|---|---|
| 2025 | +10.20% |
| 2024 | +5.50% |
| 2023 | +4.20% |
| 2022 | -12.50% |
| 2021 | +1.50% |
Modern Portfolio Theory Analysis
Based on our analysis of the fund’s historical NAV data:
- Expected Annual Return: ~1.28% (Annualised return from 2021-2026)
- Annualised Risk (Std Dev): ~12.51%
- Sharpe Ratio: -0.26 (Calculated based on a 4.5% risk-free rate)
On the MPF Modern Portfolio Theory chart, the SaveEasy 2030 Fund occupies a balanced position. Its volatility is significantly lower than the 2040-2050 variants, reflecting the substantial bond cushion currently in place. The fund’s 2025 performance (+10.20%) highlights its ability to participate in market recoveries while providing a much smoother experience during periods of stress like 2022 compared to pure equity or aggressive mixed-asset funds.
Sources
- Fidelity Hong Kong - SaveEasy 2030 Fund Factsheet
- ISIN: HK0000844321