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Accrued benefits 累算權益
These are the accumulated contributions and returns on investments (including unrealised gains and losses).
即累積的供款及投資回報（包括未實現的利潤或虧損）。
Administrator 行政管理人
An administrator is responsible for the administration of an MPF scheme, such as processing members' enrollment and fund transfers, keeping records of scheme members, handling contributions and withdrawal request and providing member benefit statements and providing other customer services to enrolled employers and scheme members. It is common that the trustee is also the administrator of the scheme while in some cases, the trustee employs a third-party as the administrator.
行政管理人的職責是負責計劃的行政管理，包括處理成員的登記及基金轉移、保存計劃成員的有關紀錄、處理供款和權益提取，及向成員提供權益報表，並為參加計劃的僱主及計劃成員提供其他客戶服務。在一般情況下，受託人會同時兼任計劃的行政管理人。然而，在某些情況下，受託人亦會僱用第三者作為計劃的行政管理人。
Age 65 Plus Fund 65歲後基金
About 20% of the assets of the fund is invested in higher risk assets (mainly global equities), and the rest in lower risk assets (mainly global bonds).
約20%投資於風險較高的資產（主要為環球股票），其餘為風險較低的資產（主要為環球債券）。
Annual benefit statement 周年權益報表
This is the annual statement of your MPF account for a particular financial year. It is a record of your account transactions and balances, including contributions, transfers, fund switching, account balances, fund allocations, gains and losses, etc. According to legislation, trustees (i.e. MPF providers) must issue this statement to scheme members within three months after the end of each financial year of the MPF scheme.
這是強積金賬戶於某財政年度的年結單，記錄了你在有關賬戶交易及結餘，包括供款、轉移、基金轉換，賬戶結餘、投資選擇以及利潤或虧損等資料。法例規定，受託人(即供應商)必須在計劃每個財政年度完結後 3 個月內，向成員提供此報表。
Asia ex Japan equity funds 亞洲股票（日本除外）基金
This fund invests solely in listed securities in Asia, excluding Japan.
這種基金只投資於亞洲區（日本除外）的股票。
Asia ex Japan ex Hong Kong equity funds 亞洲股票（日本及香港除外）基金
This fund invests solely in listed securities in Asia, excluding Japan and Hong Kong.
這種基金只投資於亞洲區（日本及香港除外）的股票。
Asian bond funds 亞洲債券基金
The fund invests primarily in bond portfolios from the Asia Pacific region and seeks long-term capital growth.
Since bond funds on the MPF platform are required to comply with regulations related to minimum credit ratings or IPO offerings, these bond funds are mostly invested in bonds or debt instruments issued by governments, public organisations, banks, commercial organisations or supranational agencies like the World Bank.
主要投資於由亞太區債券所組成的組合，尋求長期資本增長。
在強積金平台上，由於債券投資須符合積金局規定的最低信貸評級或上市規定，債券基金大多投資於由政府、公營機構、銀行、商業機構，或如世界銀行多邊國家機構所發行的債券或債務工具上。
Benchmark 基準
A predetermined portfolio or an index which fund performance can be measured or compared against.
用以衡量或比較基金表現的預設資產組合或指數。
This fund invests solely in listed securities in China (limited to H shares, B shares and red chips) and Hong Kong.
這種基金只投資於中國（只限H股、B股及紅籌股）和香港。
Contribution account 供款賬戶
This account is used for receiving (1) regular MPF contributions made through the current employer* (including both employer and employee portions of the contribution), and (2) the entire amount (100%) of accumulated MPF assets from previous employment periods.
* For the self-employed, regular contributions consist of employee contributions only.
這賬戶是用來接收 (1) 由現職僱主定期作出的強積金供款*（包括僱主及僱員部分）及(2) 於前受僱期間累積的整筆(100%)資產轉移的。
*對於自僱人士，定期供款只有僱員供款部分。
Core Accumulation Fund 核心累積基金
About 60% of the assets of the fund is invested in higher risk assets (mainly global equities), and the rest in lower risk assets (mainly global bonds).
約60%投資於風險較高的資產（主要為環球股票），其餘為風險較低的資產（主要為環球債券）。
Custodian 監管人
A custodian of an MPF scheme is responsible for holding the scheme assets, the settlement of investment transactions, maintaining accurate transaction records of assets, managing cash and reporting material events to trustee. This responsibility is delegated to either a person or an institution to take care of trust assets by an approved trustee.
強積金計劃的保管人負責保管計劃的資產、進行投資交易的結算、維持準確的資產交易紀錄、管理現金及向受託人彙報重要事宜。保管人可以是獲受託人授權保管信託資產的個人或機構。
Default Investment Strategy 預設投資策略
The Default Investment Strategy (DIS) is a highly standardised investment strategy subject to fee control mechanism. If members do not actively choose their own MPF investments when they are enrolled into an MPF scheme, their MPF contributions will be invested according to the DIS. Members can also actively choose to invest in the DIS if they believe the strategy suits their investment objectives and preference.
預設投資策略是一套設有統一機制及收費管制的強積金投資策略。如果成員在開立強積金賬戶時沒有就其投資選項作出決定，日後其強積金款項將按照預設之投資策略進行投資。若成員認為預設投資策略是合適的投資方案，亦可主動選擇為其投資選項。
Employee Choice Arrangement 僱員自選安排
This arrangement, also commonly known as "ECA" or "Semi-Portable MPF" or "Member's Choice", comes into effect on November 1 2012. It allows mployees to transfer the total amount of his/her own portion of the mandatory contributions for the current employment period to another MPF scheme of the employee's choice, as a lump sum, once every calendar year.
這個俗稱「強積金半自由行」的安排於2012年11月1日實施，它容許僱員可以把現職期間作出的僱員強制性供款部份，每年一次一筆過全部轉移至心儀的強積金供應商。
Eurasia equity funds 亞歐股票基金
The fund invests primarily in a combination of European, Australasian and Far Eastern equity market index-tracking funds. It also holds a small proportion in cash or cash equivalent instruments to be used for operational and/or hedging purposes.
主要投資於緊貼歐洲、澳大拉西亞及遠東股票市場指數的基金組合，另持有小部分現金或與現金具有同等套現能力的投資項目作營運及/或對沖用途。
European equity funds 歐洲股票基金
This fund invests solely in listed securities in Europe.
這種基金只投資於歐洲區的股票。
Fund Expense Ratio (FER) 基金開支比率
The FER is a percentage which provides a measure of the total expenses incurred in a fund over total assets in a financial period. It is calculated with data from the previous financial period and should be published in the fund fact sheet of a scheme. For funds with less than two years of history, they are not required to disclose their FER.
基金開支比率以百分比顯示總開支於財政年度期間佔基金資產總值的比重。它是根據上一財政年度的數據編製，並且需要刊載於基金便覽內。至於成立不足兩年的基金，則不用提供基金開支比率。
Fund manager/investment manager 基金經理／投資經理
A fund manager/investment manager is responsible for the investment management of relevant fund(s). The appointment is made pursuant to the terms and conditions of the Master Trust Deed and its investment agreement. In addition, it must be independent of the MPF trustee and custodian.
基金經理/投資經理負責有關基金的投資管理。它們是根據綜合信託契約以及其投資協議的條款及細則而獲委任的。此外，它們必須獨立於強積金受託人及保管人。
Fund types 基金類別
Willis Towers Watson has classified MPF funds into different fund types according to the percentage of their assets invested in equities, bonds and cash, as well as other features such as geographic location.
韋萊韜悅按強積金基金資產投資於股票、債券及現金的百分比，以及其他特徵（如地區），分類為不同的基金種類。
Global bond funds 環球債券基金
By investing in bond portfolios in the international market, the fund seeks a long-term stable return from a combination of current income and capital appreciation.
Since bond funds on the MPF platform are required to comply with regulations related to minimum credit ratings or IPO offerings, these bond funds are mostly invested in bonds or debt instruments issued by governments, public organisations, banks, commercial organisations or supranational agencies like the World Bank.
透過投資於國際市場上債券組合，從經常收入及資本增值中尋求長期穩定回報。
在強積金平台上，由於債券投資須符合積金局規定的最低信貸評級或上市規定，債券基金大多投資於由政府、公營機構、銀行、商業機構，或如世界銀行多邊國家機構所發行的債券或債務工具上。
Global equity funds 環球股票基金
This fund invests primarily in securities of companies listed on the stock markets around the world.
這種基金主要投資於環球股票。
Greater China equity funds 大中華股票基金
This fund invests solely in listed securities in the Greater China region, including Hong Kong, Taiwan and China (limited to H shares, B shares and red chips).
這種基金只投資於大中華區，包括香港、台灣和中國（只限H股、B股及紅籌股）。
Guaranteed funds 保證基金
This type of fund invests primarily in bonds, stocks or short-term interest bearing money market instruments. It provides MPF members with some form of "guarantee". More commonly seen types are "guarantee of capital invested" and "guaranteed rate of return"; there may be other specified guarantees. The guarantee can be conditional or unconditional. A conditional guarantee is provided upon fulfilment of a set of conditions, while an unconditional guarantee means the guarantee is provided without any conditions being imposed.
這種基金一般投資於債券、股票或短期有息貨幣市場工具，為強積金成員提供某些形式的「保證」，比較常見的有「本金保證」和「回報率保證」，另有些提供其他特別條款的保證。「保證」可以是有條件或無條件的。有條件保證指要符合若干條件後，才能獲得保證；無條件保證則指在沒有條件限制的情況下作出「保證」。
Hong Kong Dollar bond funds 港元債券基金
This fund only invests in Hong Kong dollar denominated bonds, with the objective of provide a more stable dividend income as well as long term capital appreciation.
Since bond funds on the MPF platform are required to comply with regulations related to minimum credit ratings or IPO offerings, these bond funds are mostly invested in bonds or debt instruments issued by governments, public organisations, banks, commercial organisations or supranational agencies like the World Bank. The risk level is from low to medium. Generally, bond prices are less volatile compared to equities but the expected rate of return is lower as well.
這種基金只投資於港元為結算貨幣的債券，目標是賺取較為穩定的利息收入及長期資本增值。
在強積金平台上，由於債券投資須符合積金局規定的最低信貸評級或上市規定，債券基金大多投資於由政府、公營機構、銀行、商業機構，或如世界銀行多邊國家機構所發行的債券或債務工具上。
Hong Kong Dollar money market funds 港元貨幣市場基金
This type of fund generally invests only in short-term (i.e. less than one year) money market instruments dominated in Hong Kong dollars, and receives interest income from it.
這種基金一般只投資於以港元結算的短期（即年期通常少於一年）貨幣市場票據，並從中收取利息。
Hong Kong Equity (Index Tracking) funds 香港股票（指數追蹤）基金
This is a passively managed fund and its objective is to track the performance of the Hang Seng Index (HSI); constituent securities within the fund are bought and sold based on their relative weightings in the HSI. Performance of the fund is supposed to track the performance of the HSI.
這種基金以被動形式管理，以追蹤恒生指數（恒指）為目標，基金組合會參照恒指成分股比例作出買賣。基金回報方面，大致跟恒指變動相約。
Hong Kong equity funds 香港股票基金
This fund is limited to investing in shares listed on the Hong Kong Exchanges and Clearing Limited (HKEx).
這種基金只限投資於香港交易及結算所有限公司（香港交易所）上市的股票。
Japanese equity funds 日本股票基金
This fund invests solely in listed securities in Japan.
這種基金只投資於日本上市的股票。
Mandatory contributions 強制性供款
This is the statutory contribution stipulated by the Mandatory Provident Fund Schemes Authority (MPFA). Both employers and employees are each required to make a 5% contribution based on the employee's relevant income* every month.
*Relevant income includes wages, salaries, vacation pay, fees/expenses, commissions, bonuses, termination allowance/compensation, housing allowance, other housing benefits, supplements or allowances. The self-employed are required to contribute 5% of their relevant income.
這是法定供款，僱主及僱員每月各按僱員的有關入息*供款5%。
*有關入息包括工資、薪金、假期津貼、費用、佣金、花紅、約滿酬金、房屋津貼、其他房屋利益、 補貼或津貼。自僱人士亦須按其有關入息的5%作出供款。
Market share 市場佔有率
The percentage of total asset size in the MPF market that is attributable to a particular MPF sponsor.
某個別強積金保薦人佔整個強積金市場資產總值的百分比。
Membership certificate 成員證明書
This is the certificate issued by the MPF provider to employees upon completion of registration. It includes information about the scheme and the account(s) such as name of the trustee, name of the scheme, registration number, etc.
這是一份強積金供應商向成功登記的僱員發出的證明書，包括計劃及賬戶資料如受託人名稱、計劃名稱、參與計劃編號等。
Mixed assets funds (equity content 20% - 40%) 混合資產基金（股票 20% - 40%）
A mixed assets fund invests in global or regional equities and bonds. An equity content of 20% - 40% means the portfolio will have between 20% and 40% invested in stocks, with the rest invested in global fixed income securities and cash.
混合資產基金投資於環球或區域性的股票和債券。混合資產基金（股票20% - 40%）指該基金的投資組合內環球股票比重約佔兩成至四成，其餘資產會投資在環球定息證券及現金。
Mixed assets funds (equity content 40% - 60%) 混合資產基金（股票 40% - 60%）
A mixed assets fund invests in global or regional equities and bonds. An equity content of 40% - 60% means the portfolio will have between 40% and 60% invested in stocks, with the rest invested in global fixed income securities and cash.
混合資產基金投資於環球或區域性的股票和債券。混合資產基金（股票40% - 60%）指該基金的投資組合內環球股票比重約佔四成至六成，其餘資產會投資在環球定息證券及現金。
Mixed assets funds (equity content 60% - 80%) 混合資產基金（股票 60% - 80%）
A mixed assets fund invests in global or regional equities and bonds. An equity content of 60% -80%) means the portfolio will have between 60% and 80% invested in stocks, with the rest invested in global fixed income securities and cash.
混合資產基金投資於環球或區域性的股票和債券。混合資產基金（股票60% - 80%）指該基金的投資組合內環球股票比重約佔六成至八成，其餘資產會投資在環球定息證券及現金。
Mixed assets funds (equity content > 80%) 混合資產基金（股票>80%）
A mixed assets fund invests in global or regional equities and bonds. An equity content of > 80% means the portfolio will have over 80% invested in stocks, with the rest invested in global fixed income securities and cash.
混合資產基金投資於環球或區域性的股票和債券。混合資產基金（股票>80%）指該基金的投資組合內環球股票比重約佔八成，其餘資產會投資在環球定息證券及現金。
MPF conservative funds 強積金保守基金
A conservative fund is a type of money market fund which invests only in Hong Kong dollar assets, which can be in the form of short-term bank deposits or high quality debt securities (generally not over 90 days).
Since the objective of this fund is to achieve a rate of return similar to or higher than that available for bank savings deposits in Hong Kong dollars, its performance is mainly affected by interest rate volatility. Every MPF scheme is required by law to provide a conservative fund.
強積金保守基金是貨幣市場基金的一種，只限投資在港元資產，這些港元資產可以是短期銀行存款或短期優質債券（一般不超過90天）。
由於此基金的投資目標是賺取與銀行港元紅簿仔利率相若或較高的回報，其表現主要受利率波動影響。根據法例規定，每個強積金計劃都必須提供強積金保守基金。
Your newly selected MPF scheme, i.e. the scheme into which your MPF assets will be transferred.
指你新選用的強積金計劃，即你將會轉入強積金累算權益的計劃。
New trustee 新受託人
This refers to the newly selected MPF service provider. When you plan to transfer MPF assets, your accrued benefits will be transferred by the original trustee (i.e. current provider) to the scheme of the new trustee (i.e. new provider).
指新選擇的強積金供應商。當你計劃要進行強積金資產轉移時，你的累算權益會由原受託人（即現供應商）的強積金計劃轉移至新受託人（即新供應商）的強積金計劃。
The MPF scheme from which your MPF assets will be transferred out.
指轉出強積金累算權益的計劃。
Original trustee 原受託人
This refers to the MPF service provider you are currently using. When you plan to transfer MPF assets, your accrued benefits will be transferred by the original trustee (i.e. current provider) to the scheme of the new trustee (i.e. new provider).
指現時選用的強積金供應商。當你計劃要進行強積金資產轉移時，你的累算權益會由原受託人（即現供應商）的強積金計劃轉移至新受託人（即新供應商）的強積金計劃。
Pacific Basin ex Japan equity funds 亞太股票（日本除外）基金
This fund invests solely in listed securities in the Asia-Pacific region including Australia, while excluding Japan and Hong Kong.
這種基金只投資於亞太區，包括澳洲，但日本及香港除外的股票。
Personal account 個人賬戶
This is formerly known as the preserved account, now renamed as personal account. It is used for receiving assets transferred from other MPF accounts from previous employments. Unlike the contribution account, the personal account will not receive contributions made through the current employer.
前稱保留賬戶，現改稱為個人賬戶，是用來接收由前受僱期間成立的強積金賬戶轉入的資產。與供款賬戶不同，個人賬戶不會接收由現僱主作出的供款。
Preserved account 保留賬戶
This has now been renamed as personal account. It is used for receiving assets transferred from other MPF accounts from previous employments. Unlike the contribution account, the personal account will not receive contributions made through the current employer.
現改稱為個人賬戶，是用來接收由前受僱期間成立的強積金賬戶轉入的資產。與供款賬戶不同，個人賬戶不會接收由現僱主作出的供款。
RMB and HKD money market funds 人民幣及港幣貨幣市場基金
This type of fund generally invests only in short-term (i.e. less than one year) money market instruments dominated in Hong Kong dollars, and receives interest income from it.
這種基金一般只投資於以人民幣或港元結算的短期（即年期通常少於一年）的貨幣市場票據。
RMB bond funds 人民幣債券基金
This fund mainly invests in RMB denominated debt instruments and money market instruments issued or distributed outside mainland China.
這種基金主要投資於在中國大陸境外發行或分銷的人民幣計價債務工具及貨幣市場工具。
Sponsor 保薦人
A sponsor is responsible for designing and putting the MPF scheme together, coordinating with other service providers, marketing of the MPF product and delivering on-going client services and education.
保薦人負責設計和組合強積金計劃，並與其他服務供應商共同營運。保薦人同時亦負責推廣其強積金產品及提供持續的客戶服務和教育。
It is also described as an automated lifecycle fund as it automatically resets the asset mix (stocks, bonds, cash equivalents) in its portfolio according to a selected time frame that is appropriate for a member. That is, the portfolio becomes more conservative as the retirement age (target date) approaches.
這種基金被俗稱為「懶人基金」，因為此基金會根據成員的年齡或退休年期，自動調節股票、債劵和現金的比重。換言之，它會跟隨其人生階段調節投資組合 ─ 距離退休年期愈長，持有股票的比例愈高；相反愈接近退休年齡，債券和現金的比例則愈高。
Transfer confirmation 轉移確認書
When the new trustee completes the transfer request made by an MPF member, by investing the assets into the chosen funds on behalf of the member, a transfer confirmation should be sent to the said member within seven (7) business days.
Generally, a transfer confirmation includes personal and scheme information, as well as transaction details on investment allocations as per the member's instructions.
當新受託人完成處理強積金成員的申請，即為申請人買入其選用的基金，便會在七個營業日內發出轉移確認書
一般來說，轉移確認書包含個人和計劃資料，及有關資產按成員投資指示分配的交易詳情。
Transfer statement 轉移結算書
When the original trustee completes the transfer request made by an MPF member, by redeeming the fund units from the employee's account and sending the cheque to the new trustee by post, a transfer statement should be sent to the said member within five (5) business days.
Generally, a transfer statement includes personal and scheme information, as well as a summary of benefits redeemed from each fund and the total amount transferred.
當原受託人完成處理強積金成員的轉移申請，即出售了賬戶內的基金，並把支票郵寄到新受託人，便會在五個營業日內向申請人發出轉移結算書。
一般來說，轉移結算書包含個人和計劃資料，及每項基金的贖回資料及總數。
Trustee 受託人
A trustee is obligated to protect the members' interests by exercising fiduciary duties with regard to benefits, keeping proper records and reports, policing the performance of the other service providers to ensure compliance and reporting significant events to the regulators (such as MPFA). Under the MPF system, every MPF scheme is administrated, managed and maintained by a trustee that has been approved by MPFA pursuant to the Mandatory Provident Fund Schemes Ordinance.
受託人必須就權益履行受信責任，並妥善保管有關紀錄及報告，以保障計劃成員的利益。受託人亦必須就監控其他服務提供者的表現訂立相關政策，以確保遵循法規及向監管機構（如積金局）彙報重要事宜。在強積金制度下，所有強積金計劃均須由積金局根據《強制性公積金計劃條例》核准的受託人處理行政事宜、管理及持有。
United States equity funds 美國股票基金
This fund invests solely in listed securities in the US.
這種基金只投資於美國上市的股票。
Voluntary contributions 自願性供款
This refers to the additional contribution that can be made on top of the mandatory contribution. Voluntary contributions differ from mandatory contributions in that:
- They can be withdrawn by the employee upon leaving a job.
- The withdrawals are subject to limits based on the scheme's vesting scale.
指強制性供款以外作出額外的供款。自願性供款和強制性供款的分別在於：
- 僱員離職時可以提取
- 提取時計劃本身受歸屬比例所規限
