FROM (MM/DD/YYYY)
TO (MM/DD/YYYY)
Declared guaranteed rate of return (%)*
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%2.50%
10/01/201904/01/2020 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 :
1. 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.  
2. For further details of the Scheme, please refer to the MPF Scheme Brochure.  
3. For details of Guaranteed Fund, please refer to clause 8.3.2 of the MPF Scheme Brochure.

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