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  5. MLC MasterKey Business Super - MLC Balanced - Managed fund profile

MLC MasterKey Business Super - MLC 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. The allocations to these assets are actively managed within defined ranges, in accordance with MLC's changing view of potential risks and opportunities in investment markets.

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 1.6% 4.4% 5.99% 10.04% 9.93% 8.56% 7.8% 6.61%
Growth return 1.6% 4.4% 5.99% 10.04% 9.93% 8.56% 7.8% 6.61%
Income return 0% 0% 0% 0% 0% 0% 0% 0%
Market index (Morningstar AUS Growth Tgt Alloc NR AUD)
Total return 1.9% 5.39% 7.14% 12.12% 12.75% 11.38% 8.95% 8.08%
As at 31 Aug 2025. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

MLC MasterKey Business Super - MLC Balanced
Australian Equities
25.69%
International Equities
34.21%
Cash
0.42%
Property & Infrastructure
4.98%
Fixed Interest
16.17%
Alternatives
18.53%
Average Allocation of Peers
Australian Equities
27.27%
International Equities
35.26%
Cash
6.12%
Property & Infrastructure
6.35%
Fixed Interest
20.99%
Alternatives
4.01%

General Information

Fund Details
Type Description
MLC MasterKey Business Super - MLC Balanced
NULIS Nominees (Australia) Limited
MLC0245AU
Multisector Growth
starstarstar (as at 31 Aug 2025)
Superannuation Fund
1 Jan 1998
$726.66 million (as at 31 Aug 2025)
$144.39397 (as at 15 Sep 2025)
$144.10547 (as at 15 Sep 2025)
Open
Offer information
Type Description
MER 1.39% (as at 1 May 2025)
Indirect Cost Ratio (ICR) 1.34% (as at 30 Jun 2024)
Performance fee (not included in ICR) 0.11
Minimum initial investment $1,000.00
Minimum redemption amount

Top 10 holdings (as at 31 Dec 2023)

Holding (as at 31 Dec 2023) Type % of Portfolio
Hedged Index Global Infrastructure Secs Mutual Fund - Open End 3.77%
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FAQs about the MLC MasterKey Business Super - MLC Balanced

The objective of the MLC MasterKey Business Super - MLC 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 Business Super - MLC Balanced managed fund is The portfolio has a strong bias to growth assets and some exposure to defensive assets. The allocations to these assets are actively managed within defined ranges, in accordance with MLC's changing view of potential risks and opportunities in investment markets.

The APIR code of the MLC MasterKey Business Super - MLC Balanced managed fund is MLC0245AU.

MLC MasterKey Business Super - MLC Balanced’s total return last month was 1.6%. This was made up of a growth return of 1.6% and an income return of 0%. These returns were calculated as at 31 Aug 2025.

MLC MasterKey Business Super - MLC Balanced’s total return for the last three months was 4.4%. This was made up of a growth return of 4.4% and an income return of 0%%. These returns were calculated as at 31 Aug 2025.

MLC MasterKey Business Super - MLC Balanced’s one-year total return is 10.04%. This was made up of a growth return of 10.04% and an income return of 0%. These returns were calculated as at 31 Aug 2025.

MLC MasterKey Business Super - MLC Balanced’s one-year total return is 8.56%. This was made up of a growth return of 8.56% and an income return of 0%. These returns were calculated as at 31 Aug 2025.

The asset allocation of the MLC MasterKey Business Super - MLC Balanced managed fund is :

Australian Equities
25.69%
International Equities
34.21%
Cash
0.42%
Property & Infrastructure
4.98%
Fixed Interest
16.17%
Alternatives
18.53%

The Responsible Entity for the MLC MasterKey Business Super - MLC Balanced managed fund is NULIS Nominees (Australia) Limited.

The MLC MasterKey Business Super - MLC Balanced managed fund belongs to the Multisector Growth sector/asset class.

As at 31 Aug 2025, the size of the MLC MasterKey Business Super - MLC Balanced managed fund was $726.66 million.

The MLC MasterKey Business Super - MLC Balanced managed fund has an inception date of 1 Jan 1998.

The current entry price of the MLC MasterKey Business Super - MLC Balanced managed fund is $144.39397 per unit and the current exit price is $144.10547 per unit (as at 15 Sep 2025).

The current exit price of the MLC MasterKey Business Super - MLC Balanced managed fund is $144.10547 per unit and the current entry price is $144.39397 per unit (as at 15 Sep 2025).

The minimum initial investment amount for the MLC MasterKey Business Super - MLC Balanced managed fund is $1,000.

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.