BCT MPF/ORSO

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Important Notes

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BCT (MPF) Pro Choice and BCT (MPF) Industry Choice

You should consider your own risk tolerance level and financial circumstances before making any investment choices or investing 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 objective), you should seek financial and / or professional advice and choose the investment choice(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 accrued benefits transferred into the Plan will be invested in accordance with the Default Investment Strategy, which may not necessarily be suitable for you.
Your investment decision should not be based on this website alone. Please read the MPF Scheme brochures of BCT (MPF) Pro Choice and BCT (MPF) Industry Choice for further details, including the risk factors.
BCT (Pro) MPF Conservative Fund and BCT (Industry) MPF Conservative Fund of the relevant schemes do not guarantee the repayment of capital.
Members should note that BCT (Pro) Asian Income Retirement Fund does not provide any guarantee on capital or investment return or dividend yield, and their investments therein (including dividends distributed) are subject to the same vesting, preservation and withdrawal requirements applicable to mandatory and voluntary contributions (as applicable). The BCT (Pro) Asian Income Retirement Fund may pay dividends out of net distributable income and/or capital, which will result in an immediate decrease or adjustment in the net asset value per unit. The payment of dividends (if any) will involve an investment time-lag and is subject to out-of-market risk. There is no assurance on the dividend distribution frequency and the dividend amount/yield may fluctuate.
Members should note that the regular and frequent distribution of dividends and reinvestment of dividends will inevitably involve an investment time-lag during which dividends are not reinvested and are subject to out-of-market risk on a recurring basis (currently, on a monthly basis). During the period pending reinvestment, the net asset value per unit of the relevant constituent fund (i.e. BCT (Pro) Asian Income Retirement Fund for members below the age of 65, or the Age 65 Plus Fund for members who have reached the age of 65) into which dividends are reinvested may have gone up or down, and accordingly the members’ investment return may be impacted negatively or positively. Therefore the investment return for these members may deviate from that derived from a constituent fund with a similar investment portfolio without such arrangement, meaning that the dividend distribution arrangement of BCT (Pro) Asian Income Retirement Fund may not always be advantageous to these members.
Members should note that BCT (Pro) Asian Income Retirement Fund does not provide any guarantee on the capital or investment return or dividend amount / yield. There is no assurance on the dividend distribution frequency and the dividend amount / yield may fluctuate.
Members should note that investment markets could fluctuate significantly. Fund prices may go down as well as up. There is no guarantee that, given the time required to implement fund switching instructions, such instructions will achieve your desired results. Please carefully consider your own risk tolerance level and financial circumstances (as well as your own retirement plan) before making any investment choices. If in doubt, please contact your independent financial advisor for further details.

BCT Premier Pooled ORSO Retirement Plan

You should consider your own risk tolerance level and financial circumstances before making any investment choices. When, in your selection of funds, you are in doubt as to whether a certain 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 fund(s) most suitable for you taking into account your circumstances.
Your investment decision should not be based on this website alone. Please read the explanatory memorandum of the Plan for further details, including the risk factors.
BCT ORSO Guaranteed Fund under the Plan invests solely in an insurance policy issued by China Life Insurance (Overseas) Company Limited ("China Life"). China Life is the guarantor of the policy. Your investments in BCT ORSO Guaranteed Fund, if any, are therefore subject to the credit risk of China Life. Please refer to part IV of the Explanatory Memorandum for details of the credit risk, guarantee features and guarantee conditions.
Members should note that BCT ORSO Asian Income Retirement Fund does not provide any guarantee on capital or investment return or dividend yield. The BCT ORSO Asian Income Retirement Fund may pay dividends out of net distributable income and/or capital, which will result in an immediate decrease or adjustment in the net asset value of the portfolio. The payment of dividends (if any) will involve an investment time-lag and is subject to out-of-market risk. There is no assurance on the dividend distribution frequency and the dividend amount/yield may fluctuate.
Members should note that the regular and frequent distribution of dividends and reinvestment of dividends will inevitably involve an investment time-lag during which dividends are not reinvested and are subject to out-of-market risk on a recurring basis (currently, on a monthly basis). During the period pending reinvestment, the net asset value per unit of the relevant constituent fund (i.e. BCT ORSO Asian Income Retirement Fund for members below the age of 65, or the Age 65 Plus Fund for members who have reached the age of 65) into which dividends are reinvested may have gone up or down, and accordingly the members’ investment return may be impacted negatively or positively. Therefore the investment return for these members may deviate from that derived from a constituent fund with a similar investment portfolio without such arrangement, meaning that the dividend distribution arrangement of BCT ORSO Asian Income Retirement Fund may not always be advantageous to these members.
Members should note that BCT ORSO Asian Income Retirement Fund does not provide any guarantee on the capital or investment return or dividend amount / yield. There is no assurance on the dividend distribution frequency and the dividend amount / yield may fluctuate.

Unless otherwise specified, the term “BCT” referred to in this website shall mean BCT Financial Limited (Plan Sponsor) and Bank Consortium Trust Company Limited (Trustee & Administrator)

This website is issued by BCT Financial Limited.

BCT (MPF) Pro Choice Information Kit (Employer)

BCT (MPF) Pro Choice Information Kit (Employer):

‧ MPF Scheme Brochure : BCT (MPF) Pro Choice

‧ Company Leaflet

‧ Product Summary

‧ Guide to MPF Contribution Channels

‧ Application Form - Employer ("Participation Agreement -
Employer" attached) (Master Trust Scheme – BCT (MPF) Pro Choice) [AP(ER)]

‧ Member Enrolment Form
(Master Trust Scheme - BCT (MPF) Pro Choice) [AP(REE)–MT]

‧ New / Change of Direct Debit Authorization Form
(Employer / Self-employed Person) [DDA-NEW/IU(ER/SEP)]

‧ Remittance Statement (RS-M (REE)
[For BCT (MPF) Pro Choice only]

Fund Range

BCT (MPF) Pro Choice (Master Trust Scheme)

BCT (MPF) Industry Choice

BCT Premier Pooled ORSO Retirement Plan

Our MPF Investment Schemes

We offer two different MPF schemes: BCT (MPF) Pro Choice, a master trust scheme and BCT (MPF) Industry Choice, an industry scheme to cater to different employees in Hong Kong.

Our master trust scheme is aimed towards the general working population while our industry scheme is designed for those working in the catering and construction industries. We strive to be the provider of choice, so our MPF constituent funds available under the 2 MPF schemes are managed by seven independent global investment managers which are selected based on stringent criteria and our members’ interests in mind.

Name of Constituent Fund	Investment Manager
Equity Funds
BCT (Pro) China and Hong Kong Equity Fund	Amundi Hong Kong Limited
BCT (Pro) Asian Equity Fund	Amundi Hong Kong Limited
BCT (Pro) European Equity Fund	Amundi Hong Kong Limited
BCT (Pro) Global Equity Fund	Amundi Hong Kong Limited
Equity Funds – Market Tracking Series
BCT (Pro) Hang Seng Index Tracking Fund	Invesco Hong Kong Limited
BCT (Pro) U.S. Equity Fund	Amundi Hong Kong Limited
BCT (Pro) Greater China Equity Fund	CSOP Asset Management Limited
BCT (Pro) World Equity Fund	Amundi Hong Kong Limited
Target Date Mixed Asset Funds
BCT (Pro) SaveEasy 2050 Fund	FIL Investment Management (Hong Kong) Limited
BCT (Pro) SaveEasy 2045 Fund	FIL Investment Management (Hong Kong) Limited
BCT (Pro) SaveEasy 2040 Fund	FIL Investment Management (Hong Kong) Limited
BCT (Pro) SaveEasy 2035 Fund	FIL Investment Management (Hong Kong) Limited
BCT (Pro) SaveEasy 2030 Fund	FIL Investment Management (Hong Kong) Limited
BCT (Pro) SaveEasy 2025 Fund	FIL Investment Management (Hong Kong) Limited
BCT (Pro) SaveEasy 2020 Fund	FIL Investment Management (Hong Kong) Limited
Mixed Asset Funds
BCT (Pro) E90 Mixed Asset Fund	Amundi Hong Kong Limited
BCT (Pro) E70 Mixed Asset Fund	Amundi Hong Kong Limited
BCT (Pro) E50 Mixed Asset Fund	Amundi Hong Kong Limited
BCT (Pro) E30 Mixed Asset Fund	Amundi Hong Kong Limited
BCT (Pro) Flexi Mixed Asset Fund	Allianz Global Investors Asia Pacific Limited
BCT (Pro) Core Accumulation Fund*	Invesco Hong Kong Limited
BCT (Pro) Age 65 Plus Fund*	Invesco Hong Kong Limited
BCT (Pro) Asian Income Retirement Fund	Taikang Asset Management (Hong Kong) Company Limited
Bond / Money Market Funds
BCT (Pro) RMB Bond Fund	Invesco Hong Kong Limited
BCT (Pro) Global Bond Fund	Amundi Hong Kong Limited
BCT (Pro) Hong Kong Dollar Bond Fund	JPMorgan Funds (Asia) Limited
BCT (Pro) MPF Conservative Fund	Invesco Hong Kong Limited

* DIS Funds

Management Fees

Name of Constituent Fund	Management Fees¹ (% per annum of net asset value)
Equity Funds
BCT (Pro) China and Hong Kong Equity Fund	1.43%
BCT (Pro) Asian Equity Fund	1.50%
BCT (Pro) European Equity Fund	1.50%
BCT (Pro) Global Equity Fund	1.44%
Equity Funds – Market Tracking Series
BCT (Pro) Hang Seng Index Tracking Fund	0.73% - 0.79%²
BCT (Pro) U.S. Equity Fund	up to 0.99%
BCT (Pro) Greater China Equity Fund	up to 0.99%
BCT (Pro) World Equity Fund	up to 0.99%
Target Date Mixed Asset Funds
BCT (Pro) SaveEasy 2050 Fund	up to 1.45%³
BCT (Pro) SaveEasy 2045 Fund	up to 1.45%³
BCT (Pro) SaveEasy 2040 Fund	up to 1.45%³
BCT (Pro) SaveEasy 2035 Fund	up to 1.45%³
BCT (Pro) SaveEasy 2030 Fund	up to 1.45%³
BCT (Pro) SaveEasy 2025 Fund	up to 1.20%³
BCT (Pro) SaveEasy 2020 Fund	up to 1.20%³
Mixed Asset Funds
BCT (Pro) E90 Mixed Asset Fund	1.44%
BCT (Pro) E70 Mixed Asset Fund	1.44%
BCT (Pro) E50 Mixed Asset Fund	1.44%
BCT (Pro) E30 Mixed Asset Fund	1.44%
BCT (Pro) Flexi Mixed Asset Fund	Up to 1.32%
BCT (Pro) Core Accumulation Fund*	0.75%
BCT (Pro) Age 65 Plus Fund*	0.75%
BCT (Pro) Asian Income Retirement Fund^{#^}	Up to 1.288%
Bond / Money Market Funds
BCT (Pro) RMB Bond Fund	1.175%
BCT (Pro) Global Bond Fund	1.40%
BCT (Pro) Hong Kong Dollar Bond Fund	0.9995%
BCT (Pro) MPF Conservative Fund	0.88%

* DIS Funds

^#Record Date and Ex-dividend Date Schedule

^{^}Dividend Record

¹ "Management fees" include trustee, custodian, administrator, investment manager and sponsor of a scheme for providing their services to the relevant funds. They are usually charged as a percentage of the net asset value of a fund. In the case of the Core Accumulation Fund and the Age 65 Plus Fund, management fees payable to the parties named above, or their delegates, can only (subject to certain exceptions in the Mandatory Provident Fund Schemes Ordinance) be charged as a percentage of the net asset value of the DIS Fund. These management fees are also subject to a statutory daily limit equivalent to 0.75% per annum of the net asset value of the DIS Fund which applies across both the DIS Fund and its underlying funds.

² A fixed investment management fee of up to HK$75,000 per month is charged and paid out of the assets of the BCT (Pro) Hang Seng Index Tracking Fund. The fee is payable on a monthly basis and accrues daily pro-rata to the number of days in a month. The fee is payable to Invesco as the investment manager of the BCT (Pro) Hang Seng Index Tracking Fund for its investment management services including, but not limited to, investing all member and employer contributions to the BCT (Pro) Hang Seng Index Tracking Fund according to the applicable investment guidelines, and the acquisition and disposal of units in the underlying ITCIS.

³ The fee shall be reduced to 1.20% five years prior to reaching the beginning (i.e. 1 January) of the applicable target year.

Our MPF Investment Schemes

We offer two different MPF schemes: BCT (MPF) Pro Choice, a master trust scheme and BCT (MPF) Industry Choice, an industry scheme to cater to different employees in Hong Kong.

Our master trust scheme is aimed towards the general working population while our industry scheme is designed for those working in the catering and construction industries. We strive to be the provider of choice, so our MPF constituent funds available under the 2 MPF schemes are managed by seven independent global investment managers which are carefully selected based on stringent criteria and our members' interests in mind.

Name of Constituent Fund	Investment Manager
Equity Funds
BCT (Industry) China and Hong Kong Equity Fund	Amundi Hong Kong Limited
BCT (Industry) Asian Equity Fund	Amundi Hong Kong Limited
BCT (Industry) Global Equity Fund	Amundi Hong Kong Limited
Mixed Asset Funds
BCT (Industry) E70 Mixed Asset Fund	Amundi Hong Kong Limited
BCT (Industry) E50 Mixed Asset Fund	Amundi Hong Kong Limited
BCT (Industry) E30 Mixed Asset Fund	Amundi Hong Kong Limited
BCT (Industry) Flexi Mixed Asset Fund	Allianz Global Investors Asia Pacific Limited
BCT (Industry) Core Accumulation Fund*	Invesco Hong Kong Limited
BCT (Industry) Age 65 Plus Fund*	Invesco Hong Kong Limited
Bond / Money Market Funds
BCT (Industry) RMB Bond Fund	Invesco Hong Kong Limited
BCT (Industry) Global Bond Fund	Amundi Hong Kong Limited
BCT (Industry) MPF Conservative Fund	Invesco Hong Kong Limited

* DIS Funds

Management Fees

Name of Constituent Fund	Management Fees¹ (% per annum of net asset value)
Equity Funds
BCT (Industry) China and Hong Kong Equity Fund	Up to 1.52%
BCT (Industry) Asian Equity Fund	Up to 1.60%
BCT (Industry) Global Equity Fund	Up to 1.585%
Mixed Asset Funds
BCT (Industry) E70 Mixed Asset Fund	Up to 1.53%
BCT (Industry) E50 Mixed Asset Fund	Up to 1.53%
BCT (Industry) E30 Mixed Asset Fund	Up to 1.53%
BCT (Industry) Flexi Mixed Asset Fund	up to 1.52%
BCT (Industry) Core Accumulation Fund*	0.75%
BCT (Industry) Age 65 Plus Fund*	0.75%
Bond / Money Market Funds
BCT (Industry) RMB Bond Fund	1.175%
BCT (Industry) Global Bond Fund	Up to 1.45%
BCT (Industry) MPF Conservative Fund	0.88%

* DIS Funds

¹ “Management fees” include trustee, administration and custodian fee, sponsor fee and investment management fee paid to the trustee, administrator, custodian, sponsor and investment manager of a scheme for providing their services to the relevant fund. They are usually charged as a percentage of the net asset value of a fund. In the case of the Core Accumulation Fund and the Age 65 Plus Fund, management fees payable to the parties named above, or their delegates, can only (subject to certain exceptions in the Mandatory Provident Fund Schemes Ordinance) be charged as a percentage of the net asset value of the DIS Fund. These management fees are also subject to a statutory daily limit equivalent to 0.75% per annum of the net asset value of the DIS Fund which applies across both the DIS Fund and its underlying funds.

Pooled ORSO Retirement Plan

Let us help you get ready for retirement you deserve. The BCT Premier Pooled ORSO Retirement Plan is a pooled investment scheme which allows investors to plan for retirement by investing in a variety of different funds based on their own personal risk tolerances. Our funds are managed by independent fund management companies which have no ties to BCT by way of ownership, so members can be assured that we only have their best interests in mind.

Name of Portfolios	Investment Manager / Guarantor
Equity Funds
BCT ORSO China & HK Equity Fund	Invesco Hong Kong Limited
BCT ORSO Global Emerging Markets Equity Fund	Amundi Hong Kong Limited
BCT ORSO Asian Equity Fund	Amundi Hong Kong Limited
BCT ORSO European Equity Fund	Schroder Investment Management (Hong Kong) Limited^
BCT ORSO North American Equity Fund	Schroder Investment Management (Hong Kong) Limited^
Equity Funds – Market Tracking Series
BCT ORSO Hong Kong Equity Index Fund	Amundi Hong Kong Limited
Mixed Asset Funds
BCT ORSO Growth Fund	Allianz Global Investors Asia Pacific Limited
BCT ORSO E90 Market Tracking Mixed Asset Fund	Amundi Hong Kong Limited
BCT ORSO Balanced Fund	Allianz Global Investors Asia Pacific Limited
BCT ORSO E70 Market Tracking Mixed Asset Fund	Amundi Hong Kong Limited
BCT ORSO Stable Growth Fund	Allianz Global Investors Asia Pacific Limited
BCT ORSO E50 Market Tracking Mixed Asset Fund	Amundi Hong Kong Limited
BCT ORSO Capital Stable Fund	Allianz Global Investors Asia Pacific Limited
BCT ORSO E30 Market Tracking Mixed Asset Fund	Amundi Hong Kong Limited
BCT ORSO Asian Income Retirement Fund	Taikang Asset Management (Hong Kong) Company Limited
Bond Fund
BCT ORSO Global Bond Fund	Amundi Hong Kong Limited
Money Market Fund
BCT ORSO HK Dollar Cash Fund	Allianz Global Investors Asia Pacific Limited
Guaranteed Fund
BCT ORSO Guaranteed Fund	China Life Insurance (Overseas) Company Limited

^Schroders is the manager of the underlying Nominated Fund. As this Portfolio is a feeder fund structure, investment manager at portfolio level is not compulsory.

Management Fees

Name of Portfolios	Management Fees¹ (% per annum of net asset value)
Equity Funds
BCT ORSO China & HK Equity Fund	1.00%
BCT ORSO Global Emerging Markets Equity Fund	1.37%
BCT ORSO Asian Equity Fund	1.40%
BCT ORSO European Equity Fund	Up to 0.98%
BCT ORSO North American Equity Fund	Up to 0.98%
Equity Funds – Market Tracking Series
BCT ORSO Hong Kong Equity Index Fund	Up to 0.84%
Mixed Asset Funds
BCT ORSO Growth Fund	Up to 0.97%
BCT ORSO E90 Market Tracking Mixed Asset Fund	Up to 0.95%
BCT ORSO Balanced Fund	Up to 0.97%
BCT ORSO E70 Market Tracking Mixed Asset Fund	Up to 0.95%
BCT ORSO Stable Growth Fund	Up to 0.97%
BCT ORSO E50 Market Tracking Mixed Asset Fund	Up to 0.95%
BCT ORSO Capital Stable Fund	Up to 0.97%
BCT ORSO E30 Market Tracking Mixed Asset Fund	Up to 0.95%
BCT ORSO Asian Income Retirement Fund^{#^}	Up to 1.238%
Bond Fund
BCT ORSO Global Bond Fund	1.10%
Money Market Fund
BCT ORSO HK Dollar Cash Fund	Up to 0.77%
Guaranteed Fund
BCT ORSO Guaranteed Fund*	1.00%

^#Record Date and Ex-dividend Date Schedule

^{^}Dividend Record

¹ “Management fees” means the total of sponsor, trustee and administration fee, investment management fee and sub-trustee fee (if applicable).

^*China Life charges an investment charge which is payable to China Life in arrears at the end of each calendar year. In addition, the following may be deducted from the assets of the China Life Policy: guarantee charge, smoothing provisions, audit fees, legal fees, other disbursements and net investment returns of the China Life Policy. For the avoidance of doubt, the net investment return at the policy level is guaranteed by China Life at the Guaranteed Rate of Return and will not be reduced as a result of such fees or deductions.

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Fund Range

Our MPF Investment Schemes

Management Fees

Our MPF Investment Schemes

Management Fees

Pooled ORSO Retirement Plan

Management Fees

Service Hour