Evidence and analysis
The Fidelity SaveEasy 2025 Fund (ISIN: HK0000844313) is identified in the official directory as a constituent fund of the Fidelity Retirement Master Trust (MPF). It is retained here as related retirement-fund research; the data below describes that MPF vehicle.
Latest Official Fund Data
| Metric | Current official value |
|---|---|
| Official fund / class | Fidelity SaveEasy 2025 Fund |
| ISIN | HK0000844313 |
| Fund vehicle | MPF constituent fund |
| Fund range | Fidelity Retirement Master Trust |
| Unit NAV (HKD) | 30.6279 |
| NAV date | 2026-09-30 |
| Daily NAV change | +0.04% |
| MPF risk class | 4 |
| Risk observation date | Not supplied in current directory |
| Performance date | 2026-08-31 |
| YTD return | +2.88% |
| 1-year performance | Not reported in this directory |
| 3-year performance | Not reported in this directory |
| 5-year performance | Not reported in this directory |
| 2025 calendar-year return | +10.03% |
| 2024 calendar-year return | +4.33% |
| 2023 calendar-year return | +4.32% |
| 2022 calendar-year return | -20.04% |
| 2021 calendar-year return | +0.99% |
Source: Fidelity Hong Kong, retrieved 2026-10-05 (Hong Kong time). Exact ISIN and fund vehicle are shown above; currencies are not converted. NAV and performance observation dates are separate. Returns are reproduced from the applicable directory; missing fields are not carried forward from older snapshots. Risk class is an ordinal classification, not annualised volatility. Older NAV charts and model estimates below were not recalculated by this directory refresh.
Investment Objective
The fund aims to provide a total return over the long term until the target date. It employs an automated “glide path” strategy, meaning the asset allocation progressively shifts from higher-risk growth assets (like equities) to more conservative, lower-risk assets (like bonds and cash) as the target retirement year (2025) approaches.
This makes the fund a convenient choice for members who prefer an “all-in-one” solution that handles risk management and rebalancing automatically as they near retirement.
Risk Profile
- Fund Name: Fidelity Global Investment Fund - SaveEasy 2025 Fund
- ISIN: HK0000844313
- Asset class: Mixed Asset / Target Date
- Reference currency: HKD
- Risk stance: Conservative/Balanced (given the proximity to 2025).
As the fund reaches its target date, the primary goal shifts toward capital preservation and stability, rather than aggressive growth.
Historical Model & Performance
Historical calibrated chart generated by scripts/fetch_orso_saveeasy_2025_fund.py in earlier project research. It is not a refreshed observed NAV series for the MPF vehicle identified above.
Historical Model Snapshot
| Metric | Value |
|---|---|
| Data range | 2021-01-01 to 2026-05-15 |
| Latest NAV | 30.8212 HKD |
| Total return (period) | -4.59% |
| Expected annual return | -0.20% |
| Annualised risk | 11.38% |
| Sharpe ratio | -0.41 |
Modern Portfolio Theory Read-Through
Based on the generated NAV history and the dashboard risk model:
- Expected Annual Return: ~ -0.20%
- Annualised Risk: ~ 11.38%
- Sharpe Ratio: -0.41, using a 4.5% risk-free-rate assumption.
- Portfolio role: Conservative anchor for members nearing or at retirement.
On the ORSO Modern Portfolio Theory chart, the fund sits in the lower-left quadrant. Its position reflects its current “glide path” stage: low expected returns in exchange for a more stabilized volatility profile compared to younger target-date funds (like SaveEasy 2045 or 2050) or pure equity options.
Sources
- Fidelity Hong Kong - SaveEasy 2025 Fund (identified MPF vehicle)
- Fidelity Global Investment Fund Prospectus
- ISIN: HK0000844313