MLC - Breakthrough Bond - Managed Fund

Fund Objective

Invest in a mix of assets including Australian and international property; fixed interest securities and equities according to MLC's philosophy that diversification must be pursued to minimise risk. Asset allocation decisions are made by MLC; but security selection risk is minimised by using a range of specialist managers and passive indexed investment techniques.

Fund Strategy

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.

Fees Comparison

% 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.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	0.83%	0.65%	2.74%	4.34%	6.99%	6.79%	5.24%	5.36%
Growth return	0.83%	0.65%	2.74%	4.34%	6.99%	6.79%	5.24%	5.36%
Income return	0%	0%	0%	0%	0%	0%	0%	0%
Market index (Morningstar AUS Growth Tgt Alloc NR AUD)
Total return	0.38%	-0.09%	4.07%	8.34%	11.24%	10.63%	8.07%	8.42%

As at 31 Jan 2026. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

MLC - Breakthrough Bond

Australian Equities: 24.11%

International Equities: 34.81%

Cash: 6.01%

Property & Infrastructure: 5.21%

Fixed Interest: 17.98%

Alternatives: 11.88%

Average Allocation of Peers

Australian Equities: 27.74%

International Equities: 34.62%

Cash: 5.17%

Property & Infrastructure: 6.27%

Fixed Interest: 20.37%

Alternatives: 5.84%

General Information

Fund Details

Type	Description
Fund Name	MLC - Breakthrough Bond
APIR Code	MLC0106AU
Sector/Asset Class	Multisector Growth
Morningstar Rating	(as at 31 Jan 2026)
Legal Structure	Investment Fund
Fund Inception	31 May 1985
Fund Size	$11724633 million (as at 31 Dec 2025)
Entry Price	$9.83946 (as at 12 Feb 2026)
Exit Price	$9.83946 (as at 12 Feb 2026)
Fund Status	Closed

Offer information

Type	Description
Standard entry fee	5%
MER	1.99% (as at 20 Feb 2024)
Indirect Cost Ratio (ICR)	1.99% (as at 30 Jun 2015)
Minimum initial investment	$3,000.00
Minimum additional investments
Minimum redemption amount

Top 10 holdings (as at 31 Oct 2025)

Holding (as at 31 Oct 2025)	Type	% of Portfolio
MultiMix Wholesale International Shrs Tr		33.80%
Login now to view the complete list of holdings.

Your guide to next steps

Dealing with a struggling fund? What to Do and Look For

How to Assess your Managed Fund: And How to Choose the Next One

Your managed fund switching checklist. Is fear of capital gains tax holding you back?

The Great Investment Fee Scam is hiding in plain sight. And it's ripping us all off.

Guide to tidying up your Portfolio Manager holdings

FAQs about the MLC - Breakthrough Bond

What is the objective of the MLC - Breakthrough Bond managed fund?

The objective of the MLC - Breakthrough Bond managed fund is Invest in a mix of assets including Australian and international property; fixed interest securities and equities according to MLC's philosophy that diversification must be pursued to minimise risk. Asset allocation decisions are made by MLC; but security selection risk is minimised by using a range of specialist managers and passive indexed investment techniques.

What is the strategy for the MLC - Breakthrough Bond managed fund?

The strategy of the MLC - Breakthrough Bond managed fund is Invest in a mix of assets including Australian and international property; fixed interest securities and equities according to MLC's philosophy that diversification must be pursued to minimise risk. Asset allocation decisions are made by MLC; but security selection risk is minimised by using a range of specialist managers and passive indexed investment techniques.

What is the APIR code of the MLC - Breakthrough Bond managed fund?

The APIR code of the MLC - Breakthrough Bond managed fund is MLC0106AU.

What was MLC - Breakthrough Bond’s total return last month?

MLC - Breakthrough Bond’s total return last month was 0.83%. This was made up of a growth return of 0.83% and an income return of 0%. These returns were calculated as at 31 Jan 2026.

What was MLC - Breakthrough Bond’s total return for the last three months?

MLC - Breakthrough Bond’s total return for the last three months was 0.65%. This was made up of a growth return of 0.65% and an income return of 0%%. These returns were calculated as at 31 Jan 2026.

What is MLC - Breakthrough Bond’s one-year total return?

MLC - Breakthrough Bond’s one-year total return is 4.34%. This was made up of a growth return of 4.34% and an income return of 0%. These returns were calculated as at 31 Jan 2026.

What is MLC - Breakthrough Bond’s three-year total return?

MLC - Breakthrough Bond’s one-year total return is 6.79%. This was made up of a growth return of 6.79% and an income return of 0%. These returns were calculated as at 31 Jan 2026.

What is the asset allocation of the MLC - Breakthrough Bond managed fund?

The asset allocation of the MLC - Breakthrough Bond managed fund is :

Australian Equities: 24.11%

International Equities: 34.81%

Cash: 6.01%

Property & Infrastructure: 5.21%

Fixed Interest: 17.98%

Alternatives: 11.88%

What sector/asset class does the MLC - Breakthrough Bond managed fund belong to?

The MLC - Breakthrough Bond managed fund belongs to the Multisector Growth sector/asset class.

What is the size of the MLC - Breakthrough Bond managed fund?

As at 31 Dec 2025, the size of the MLC - Breakthrough Bond managed fund was $11724633 million.

What is the inception date of the MLC - Breakthrough Bond managed fund?

The MLC - Breakthrough Bond managed fund has an inception date of 31 May 1985.

What is the current entry price of the MLC - Breakthrough Bond managed fund?

The current entry price of the MLC - Breakthrough Bond managed fund is $9.83946 per unit and the current exit price is $9.83946 per unit (as at 12 Feb 2026).

What is the current exit price of the MLC - Breakthrough Bond managed fund?

The current exit price of the MLC - Breakthrough Bond managed fund is $9.83946 per unit and the current entry price is $9.83946 per unit (as at 12 Feb 2026).

What is the minimum investment amount for the MLC - Breakthrough Bond managed fund?

The minimum initial investment amount for the MLC - Breakthrough Bond managed fund is $3,000. 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.

What our members say about us