MLC MasterKey Pension Fundamentals Index Plus Balanced - Managed Fund

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Fund Performance Comparison

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Relative Fund Performance vs {{ fund.benchmark.peers.peerCount }} peers and {{ }}

Fee comparison

NOTE: Over the long term, higher fees lead to lower returns

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Benchmark* Peers Fees InvestSMART's Fees
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* A benchmark is an arbitary calculation that does not have any fees. Hence why in the long term the majority of fund managers underperform their benchmark by the cost of their fees. InvestSMART provides low cost funds that track their benchmark.

Fund performance (31 May 2018)

NOTE : returns for periods greater than 1 year are annualised
  1 Month % 3 Month % 6 Month % 1 Year % p.a. 2 Year % p.a. 3 Year % p.a. 5 Year % p.a. 10 Year % p.a.
Total return 0.69 1.05 1.94 7.14 7.88 5.35 8.56 -
Growth return 0.69 1.05 1.94 7.14 7.88 5.35 8.56 -
Income return 0 0 0 0 0 0 0 -

Market index (Morningstar Aus Msec Growth TR AUD)

Total return 0.82 2.03 1.87 7.14 7.66 5.79 9.23 6.32

Asset Allocation (31 May 2018)

Australian Equities 25.61%
International Equities 31.96%
Cash 6.66%
Property 2.43%
Fixed Interest 28.29%
Alternatives 5.05%
Asset Allocation

General Information

MLC MasterKey Pension Fundamentals Index Plus Balanced
MLC Nominees Pty Ltd
Multisector Growth
starstarstarstar (as at 31 May 2018)
Allocated Pension
21 Nov 2011
$575 million (as at 31 May 2018)
$20.56504 (as at 20 Jun 2018)
$20.54448 (as at 20 Jun 2018)

Objectives and Strategy

The portfolio aims to provide a return that meets its benchmark (before fees and tax) over 4 year periods. At the same time, MLC aims to reduce 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 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 portfolio is broadly diversified across mainstream asset classes. It uses mainly passive investment managers for growth assets and active managers for defensive assets. These managers invest in many companies and securities in Australia and overseas.

Offer information

Indirect Cost Ratio (ICR) - Estimated 0.80% (as at 10 Oct 2016) (Estimated)
Minimum initial investment $30,000
Minimum additional investments
Minimum redemption amount

Top 10 holdings (as at 28 Feb 2018)

Holding Type % of Portfolio
Vanguard Intl Property Securities Index Fund Hedged Equity 4.50%
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DISCLOSURE: InvestSMART Group Limited employees may have an interest in the securities and managed funds displayed via this service. Please refer to our Financial Services Guide for more information.

Data shown on this website is sourced by Morningstar
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