InvestSMART
  1. Home
  2. Research & Advice
  3. Research Tools
  4. Managed Funds
  5. OnePath Merlon Australian Shares Income - NEF - Managed fund profile

OnePath Merlon Australian Shares Income - NEF - Managed Fund

Fund Objective
The fund aims to provide a higher level of tax effective income with a lower level of risk than the S&P/ASX200 Accumulation Index, with the potential for capital growth and inflation protection over the medium to long term.
Fund Strategy
Merlon is an active bottom-up manager who believes they can enhance the mix of total return in favour of income and generate capital growth by using fundamental research to identify companies with attractive, sustainable and growing dividends.

Fund Performance Comparison

Relative Fund Performance vs {{ fund.benchmark.peers.peerCount }} peers using {{ fund.benchmark.name }} as their benchmark.

{{ fund.name }}
Peers
Benchmark ({{ fund.benchmark.name }})
{{ fund.model.name }}
The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.
grow your money
Grow your money, not your fees
It's fees rather than returns that make the biggest difference to your investment's compounding returns.
Free Fees Report
investing
Investing made simple
Our professionally-tailored investment portfolios consistently beat most of our peers.
Free investor guide
Grow your money, not your fees
It's fees rather than returns that make the biggest difference to your investment's compounding returns. Free Fees Report
Investing made simple
Our professionally-tailored investment portfolios consistently beat most of our peers. Free investor guide

Fees Comparison

{{ fund.mer | number:2 }}
% p.a.
{{ fund.name }}
{{ modelPortfolio.mer * 100 | number:2 }}
% p.a.
{{ modelPortfolio.name }}
{{ fund.benchmark.peers.mer * 100 | number:2 }}
% p.a.
Average of peers ({{ fund.benchmark.peers.peerCount }})
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.
Upsell Banner

Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return 0.98% 4.29% 4.39% 6.83% 6.73% 7.92% 8.74% 5.27%
Growth return 0.77% 3.83% 3.31% 4.46% 4.07% 5.16% 6.09% 2.06%
Income return 0.21% 0.46% 1.08% 2.37% 2.66% 2.76% 2.65% 3.21%
Market index (S&P/ASX 200 TR AUD)
Total return 3.1% 7.03% 11.65% 14.74% 14.82% 13.04% 12.32% 9.87%
As at 31 Aug 2025. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

OnePath Merlon Australian Shares Income - NEF
Australian Equities
98.51%
Cash
1.49%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
93.71%
Cash
-0.79%
International Equities
4.83%
Property & Infrastructure
1.41%
Fixed Interest
0.26%
Alternatives
0.58%

General Information

Fund Details
Type Description
OnePath Merlon Australian Shares Income - NEF
OnePath Funds Management Limited
MMF1102AU
Australia Equity Income
star (as at 31 Aug 2025)
Investment Fund
8 Oct 2007
$0.17 million (as at 31 Aug 2025)
$0.76185 (as at 11 Sep 2025)
$0.75881 (as at 11 Sep 2025)
Open
Offer information
Type Description
MER 2.39% (as at 1 Dec 2024)
Indirect Cost Ratio (ICR) - Estimated 2.39% (as at 30 Jun 2024) (Estimated)
Performance fee (included in ICR) 0
Minimum initial investment
Minimum additional investments
Minimum redemption amount

Top 10 holdings (as at 30 Apr 2025)

Holding (as at 30 Apr 2025) Type % of Portfolio
ANZ Group Holdings Ltd Equity 5.21%
Login now to view the complete list of holdings.

FAQs about the OnePath Merlon Australian Shares Income - NEF

The objective of the OnePath Merlon Australian Shares Income - NEF managed fund is The fund aims to provide a higher level of tax effective income with a lower level of risk than the S&P/ASX200 Accumulation Index, with the potential for capital growth and inflation protection over the medium to long term.

The strategy of the OnePath Merlon Australian Shares Income - NEF managed fund is Merlon is an active bottom-up manager who believes they can enhance the mix of total return in favour of income and generate capital growth by using fundamental research to identify companies with attractive, sustainable and growing dividends.

The APIR code of the OnePath Merlon Australian Shares Income - NEF managed fund is MMF1102AU.

OnePath Merlon Australian Shares Income - NEF’s total return last month was 0.98%. This was made up of a growth return of 0.77% and an income return of 0.21%. These returns were calculated as at 31 Aug 2025.

OnePath Merlon Australian Shares Income - NEF’s total return for the last three months was 4.29%. This was made up of a growth return of 3.83% and an income return of 0.46%%. These returns were calculated as at 31 Aug 2025.

OnePath Merlon Australian Shares Income - NEF’s one-year total return is 6.83%. This was made up of a growth return of 4.46% and an income return of 2.37%. These returns were calculated as at 31 Aug 2025.

OnePath Merlon Australian Shares Income - NEF’s one-year total return is 7.92%. This was made up of a growth return of 5.16% and an income return of 2.76%. These returns were calculated as at 31 Aug 2025.

The asset allocation of the OnePath Merlon Australian Shares Income - NEF managed fund is :

Australian Equities
98.51%
Cash
1.49%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the OnePath Merlon Australian Shares Income - NEF managed fund is OnePath Funds Management Limited.

The OnePath Merlon Australian Shares Income - NEF managed fund belongs to the Australia Equity Income sector/asset class.

As at 31 Aug 2025, the size of the OnePath Merlon Australian Shares Income - NEF managed fund was $0.17 million.

The OnePath Merlon Australian Shares Income - NEF managed fund has an inception date of 8 Oct 2007.

The current entry price of the OnePath Merlon Australian Shares Income - NEF managed fund is $0.76185 per unit and the current exit price is $0.75881 per unit (as at 11 Sep 2025).

The current exit price of the OnePath Merlon Australian Shares Income - NEF managed fund is $0.75881 per unit and the current entry price is $0.76185 per unit (as at 11 Sep 2025).

The minimum initial investment amount for the OnePath Merlon Australian Shares Income - NEF managed fund is $0. Minimum additional investment is $0.

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.