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  5. MLC MasterKey Investment Bond (Five Star) - Balanced - Managed fund profile

MLC MasterKey Investment Bond (Five Star) - Balanced - Managed Fund

Fund Objective
The portfolio aims to provide a return higher than its benchmark (before fees and tax) over 4 year periods. MLC aims to achieve this by actively managing the portfolio. This includes reducing risk in the portfolio if market risk is high. As a result, there may be smaller losses than the benchmark in weak or falling markets and potentially lower returns than the benchmark in strong markets.
Fund Strategy
The portfolio has a strong bias to growth assets and some exposure to defensive assets. You'll always know where your money is invested because we actively manage the allocations to these assets within defined ranges, in accordance with our changing view of risk and opportunities in investment markets. The portfolio is broadly diversified across asset classes and investment managers from around the world. These managers invest in many companies and securities in Australia and overseas.

Fund Performance Comparison

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Fees Comparison

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.
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Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return 1.74% 3.79% 7.69% 8.99% 3.24% 3.46% 3.81% 4.05%
Growth return 1.74% 3.79% 7.69% 8.99% 3.24% 3.46% 3.81% 4.05%
Income return 0% 0% 0% 0% 0% 0% 0% 0%
Market index (Morningstar AUS Growth Tgt Alloc NR AUD)
Total return 2.5% 5.98% 13.05% 14.32% 6.19% 6.56% 7.27% 7.68%
As at 31 Mar 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

MLC MasterKey Investment Bond (Five Star) - Balanced
Australian Equities
21.37%
International Equities
39.40%
Cash
4.24%
Property
3.28%
Fixed Interest
20.58%
Alternatives
11.14%
Average Allocation of Peers
Australian Equities
27.46%
International Equities
32.99%
Cash
6.66%
Property
6.79%
Fixed Interest
21.86%
Alternatives
4.24%

General Information

Fund Details
Type Description
MLC MasterKey Investment Bond (Five Star) - Balanced
MLC Limited
MLC0234AU
Multisector Growth
starstar (as at 31 Mar 2024)
Investment Fund
20 Jan 1989
$18.65 million (as at 29 Feb 2024)
$23.88436 (as at 16 Apr 2024)
$23.88436 (as at 16 Apr 2024)
Closed
Offer information
Type Description
Indirect Cost Ratio (ICR) 3.17% (as at 30 Jun 2020)
Minimum initial investment $5,000.00
Minimum additional investments $300.00

Top 10 holdings (as at 31 Dec 2023)

Holding (as at 31 Dec 2023) Type % of Portfolio
Multimix Wholesale International Shares Trust Mutual Fund - Open End 26.22%
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FAQs about the MLC MasterKey Investment Bond (Five Star) - Balanced

The objective of the MLC MasterKey Investment Bond (Five Star) - Balanced managed fund is The portfolio aims to provide a return higher than its benchmark (before fees and tax) over 4 year periods. MLC aims to achieve this by actively managing the portfolio. This includes reducing risk in the portfolio if market risk is high. As a result, there may be smaller losses than the benchmark in weak or falling markets and potentially lower returns than the benchmark in strong markets.

The strategy of the MLC MasterKey Investment Bond (Five Star) - Balanced managed fund is The portfolio has a strong bias to growth assets and some exposure to defensive assets. You'll always know where your money is invested because we actively manage the allocations to these assets within defined ranges, in accordance with our changing view of risk and opportunities in investment markets. The portfolio is broadly diversified across asset classes and investment managers from around the world. These managers invest in many companies and securities in Australia and overseas.

The APIR code of the MLC MasterKey Investment Bond (Five Star) - Balanced managed fund is MLC0234AU.

MLC MasterKey Investment Bond (Five Star) - Balanced’s total return last month was 1.74%. This was made up of a growth return of 1.74% and an income return of 0%. These returns were calculated as at 31 Mar 2024.

MLC MasterKey Investment Bond (Five Star) - Balanced’s total return for the last three months was 3.79%. This was made up of a growth return of 3.79% and an income return of 0%%. These returns were calculated as at 31 Mar 2024.

MLC MasterKey Investment Bond (Five Star) - Balanced’s one-year total return is 8.99%. This was made up of a growth return of 8.99% and an income return of 0%. These returns were calculated as at 31 Mar 2024.

MLC MasterKey Investment Bond (Five Star) - Balanced’s one-year total return is 3.46%. This was made up of a growth return of 3.46% and an income return of 0%. These returns were calculated as at 31 Mar 2024.

The asset allocation of the MLC MasterKey Investment Bond (Five Star) - Balanced managed fund is :

Australian Equities
21.37%
International Equities
39.40%
Cash
4.24%
Property
3.28%
Fixed Interest
20.58%
Alternatives
11.14%

The Responsible Entity for the MLC MasterKey Investment Bond (Five Star) - Balanced managed fund is MLC Limited.

The MLC MasterKey Investment Bond (Five Star) - Balanced managed fund belongs to the Multisector Growth sector/asset class.

As at 29 Feb 2024, the size of the MLC MasterKey Investment Bond (Five Star) - Balanced managed fund was $18.65 million.

The MLC MasterKey Investment Bond (Five Star) - Balanced managed fund has an inception date of 20 Jan 1989.

The current entry price of the MLC MasterKey Investment Bond (Five Star) - Balanced managed fund is $23.88436 per unit and the current exit price is $23.88436 per unit (as at 16 Apr 2024).

The current exit price of the MLC MasterKey Investment Bond (Five Star) - Balanced managed fund is $23.88436 per unit and the current entry price is $23.88436 per unit (as at 16 Apr 2024).

The minimum initial investment amount for the MLC MasterKey Investment Bond (Five Star) - Balanced managed fund is $5,000. Minimum additional investment is $300.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.