Declared Guaranteed Rate of return History for  Guaranteed Fund

FROM (MM/DD/YYYY)	TO (MM/DD/YYYY)	Declared guaranteed rate of return (%)*
04/01/2026	09/30/2026	2.50%
10/01/2025	03/31/2026	2.50%
04/01/2025	09/30/2025	2.50%
10/01/2024	03/31/2025	2.50%
04/01/2024	09/30/2024	2.50%
10/01/2023	03/31/2024	2.50%
04/01/2023	09/30/2023	2.50%
10/01/2022	03/31/2023	2.50%
04/01/2022	09/30/2022	2.50%
10/01/2021	03/31/2022	2.50%
04/01/2021	09/30/2021	2.50%
10/01/2020	03/31/2021	2.50%
04/01/2020	09/30/2020	2.50%
10/01/2019	03/31/2020	2.50%
04/01/2019	09/30/2019	2.50%
10/01/2018	03/31/2019	2.50%
04/01/2018	09/30/2018	2.50%
10/01/2017	03/31/2018	2.50%
04/01/2017	09/30/2017	2.50%
10/01/2016	03/31/2017	2.50%
04/01/2016	09/30/2016	2.50%
10/01/2015	03/31/2016	2.50%
04/01/2015	09/30/2015	2.50%
10/01/2014	03/31/2015	4.00%
04/01/2014	09/30/2014	4.00%
10/01/2013	03/31/2014	4.00%
04/01/2013	09/30/2013	4.00%
10/01/2012	03/31/2013	4.00%
04/01/2012	09/30/2012	4.00%
10/01/2011	03/31/2012	5.00%
04/01/2011	09/30/2011	5.00%
10/01/2010	03/31/2011	5.00%
04/01/2010	09/30/2010	5.00%
10/01/2009	03/31/2010	5.00%
04/01/2009	09/30/2009	5.00%
10/01/2008	03/31/2009	5.00%
04/01/2008	09/01/2008	5.00%
10/01/2007	03/31/2008	5.00%
04/01/2007	09/30/2007	5.00%
10/01/2006	03/31/2007	5.00%
01/20/2006	09/30/2006	5.00%

*of the net contributions (i.e. contribution monies less any offer spread imposed).

Guarantee mechanism:

For each Scheme member who has net contributions invested in the Guaranteed Fund, a notional guaranteed account will be maintained by the Trustee in respect of the amount of net contributions made by or for such Scheme member together with all interest which would accrue on such contributions as if interest accrues thereon during each interest period at the applicable guaranteed rate of return declared for such interest period (pro-rated for any incomplete interest periods) The guaranteed rate of return may remain unchanged, or may be increased or decreased from one interest period to another. YF Life Insurance International Ltd. has the discretion to declare the guaranteed rate of return, which would be greater than or equal to 0%. At least 14 days before the end of an interest period, YF Life Insurance International Ltd. shall by notice to the Trustee declare the applicable guaranteed rate of return for the next interest period and the Trustee shall as soon as practicable inform the Scheme members of such declaration by written notice before the end of an interest period.

The guarantee will only be provided by YF Life Insurance International Ltd. if and when a Scheme member:

(i) withdraws accrued benefits in a lump sum as a result of any one of the following qualifying events: a) attainment of normal retirement age; b) attainment of early retirement age; c) death or d) total incapacity; or

(ii) withdraws accrued benefits by instalments as of a result of any one of the following qualifying events: a) attainment of normal retirement age; b) attainment of early retirement age. The Scheme member concerned will receive the amount in the notional guaranteed account or the actual redemption proceeds, whichever is greater, PROVIDED THAT in the case of partial withdrawal, the account balance shall be reduced by the same proportion as the number of Units so reduced.

If a Scheme member withdraws from the Guaranteed Fund for any other reason, the withdrawal amount shall be the actual redemption proceeds (subject to underlying investment funds' performance and market fluctuations). The guaranteed amount shall still be provided to the remaining net contributions as long as the remaining balances remain in the Guaranteed Fund and shall only be withdrawn as a result of the qualifying events. The guaranteed charges will continue to apply to the remaining net contribution.

If a Scheme member withdraws accrued benefits by instalments as a result of attainment of retirement or early retirement, the withdrawal amount shall be deducted from the greater of actual redemption proceeds or net guaranteed amount in the notional guaranteed account. The account balance shall be reduced by the same proportion as the number of units so reduced.

Notes

Investment involves risk. Investors should be aware that the value of investment and income from the investment can go up as well as go down.
For further details of the Scheme, please refer to the MPF Scheme Brochure.
For details of Guaranteed Fund, please refer to clause 8.3.2 of the MPF Scheme Brochure.

Notice

This website contains general information for reference only. The data and information contained in this website was obtained from sources that YF Life Insurance International Ltd. considers reliable.

Due to the risk that internet may be subject to interruption or transmission blackout, or that there may be delay in transmission due to the internet traffic, or incorrect data transmission due to the public nature of the internet, the information contained in this website may be incomplete, altered or tampered with.

Please read the following Important Notes before using this web site:

Important Notes

1.The MASS Mandatory Provident Fund Scheme (“Scheme”) is a mandatory provident fund (“MPF”) scheme.

2.Investment involves risks and not all investment choice available under the Scheme would be suitable for everyone. There is no assurance on investment returns and your investments/accrued benefits may suffer significant loss.

3.You should consider your own risk tolerance level and financial circumstances before making any investment choices. When, in your selection of constituent funds, you are in doubt as to whether a certain constituent fund is suitable for you (including whether it is consistent with your investment objectives), you should seek financial and/or professional advice and choose the constituent fund(s) 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 contributions made and/or benefits transferred into the Scheme will be invested according to the Default Investment Strategy as stated in Clause 6 of this MPF Scheme Brochure, and such arrangement may not necessarily be suitable for you.

4.The Guaranteed Fund under the Scheme invests solely in an underlying approved pooled investment fund in the form of insurance policy provided by YF Life Insurance International Ltd. The guarantee is also given by YF Life Insurance International Ltd. Your investments in the Guaranteed Fund, if any, are therefore subject to the credit risks of YF Life Insurance International Ltd. The guarantee will only be provided by YF Life Insurance International Ltd. if and when a Scheme member withdraws accrued benefits as a result of any one of the following qualifying events: a) attainment of normal retirement age; b) attainment of early retirement age; c) death or d) total incapacity. Please refer to Clauses 3.1.1 and 8.3.2 of this MPF Scheme Brochure for details of the credit risk, guarantee features and guarantee conditions.

5.Fees and charges of an MPF Conservative Fund can be deducted from either (i) the assets of the MPF Conservative Fund and its underlying investment fund or (ii) members’ account by way of unit deduction. The MPF Conservative Fund under the Scheme uses method (i) and, therefore, the unit prices/ net asset value/ fund performance quoted have incorporated the impact of fees and charges.

6.You should not invest based on this website alone. For further details including the product features and risks involved, please refer to the relevant clauses, in particular Clause 3, of this MPF Scheme Brochure.

7.The risk level mentioned in Clause 3 of the MPF Scheme Brochure is for reference only and is not a substitute for independent professional advice. The risk level of each constituent fund is determined by the Trustees based on the percentage of Scheme assets of the relevant constituent funds being invested in equities and subject to regular review by the Trustees, and may change without any prior notice. The risk level is not a financial tool and must not be relied upon to make any investment decisions and selection of constituent funds.

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