MLC MasterKey Term Allocated Pension - MLC Flexible Assertive - Managed Fund

Fund Objective

The portfolio aims to deliver a return of 6% pa above inflation (before fees and tax) over 7 year periods by limiting the risk of negative returns over this timeframe. This careful risk management approach means there may be times when the portfolio doesn't achieve its return objective. In most circumstances the portfolio is expected to provide a positive return over 7 year periods.

Fund Strategy

The key aspects of the way we manage the portfolio are: Flexible asset allocation, Diversification, Strong focus on risk management. MLC expects that by managing the portfolio in this way, movements in the portfolio' value should be less significant.

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, 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

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

% 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	-0.03%	0.27%	2.33%	6.93%	7.53%	7.31%	6.87%	5.17%
Growth return	-0.03%	0.27%	2.33%	6.93%	7.53%	7.31%	6.87%	5.17%
Income return	0%	0%	0%	0%	0%	0%	0%	0%
Market index (Morningstar AUS Balance Tgt Alloc NR AUD)
Total return	1.42%	4.1%	5.63%	9.6%	10.37%	9.02%	6.33%	6.31%

As at 31 Aug 2025. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

MLC MasterKey Term Allocated Pension - MLC Flexible Assertive

Australian Equities: 14%

International Equities: 26.42%

Cash: 15.43%

Property & Infrastructure: 1.56%

Fixed Interest: 19.80%

Alternatives: 22.80%

Average Allocation of Peers

Australian Equities: 16.40%

International Equities: 27.91%

Cash: 8.22%

Property & Infrastructure: 3.77%

Fixed Interest: 36.19%

Alternatives: 7.51%

General Information

Fund Details

Type	Description
Fund Name	MLC MasterKey Term Allocated Pension - MLC Flexible Assertive
Responsible Entity	NULIS Nominees (Australia) Limited
APIR Code	MLC0662AU
Sector/Asset Class	Multisector Flexible
Morningstar Rating	(as at 31 Aug 2025)
Legal Structure	Allocated Pension
Fund Inception	5 Dec 2005
Fund Size	$1.31 million (as at 31 May 2025)
Entry Price	$16.37696 (as at 15 Sep 2025)
Exit Price	$16.34422 (as at 15 Sep 2025)
Fund Status	Open

Offer information

Type	Description
Standard entry fee	5%
MER	1.44% (as at 1 Oct 2024)
Indirect Cost Ratio (ICR)	1.48% (as at 30 Jun 2024)
Performance fee (not included in ICR)	0.15
Minimum initial investment	$20,000
Minimum additional investments
Minimum redemption amount

Top 10 holdings (as at 31 Aug 2023)

Holding (as at 31 Aug 2023)	Type	% of Portfolio
Hedged Index Global Infrastructure Secs	Mutual Fund - Open End	3.91%
Login now to view the complete list of holdings.

FAQs about the MLC MasterKey Term Allocated Pension - MLC Flexible Assertive

What is the objective of the MLC MasterKey Term Allocated Pension - MLC Flexible Assertive managed fund?

The objective of the MLC MasterKey Term Allocated Pension - MLC Flexible Assertive managed fund is The portfolio aims to deliver a return of 6% pa above inflation (before fees and tax) over 7 year periods by limiting the risk of negative returns over this timeframe. This careful risk management approach means there may be times when the portfolio doesn't achieve its return objective. In most circumstances the portfolio is expected to provide a positive return over 7 year periods.

What is the strategy for the MLC MasterKey Term Allocated Pension - MLC Flexible Assertive managed fund?

The strategy of the MLC MasterKey Term Allocated Pension - MLC Flexible Assertive managed fund is The key aspects of the way we manage the portfolio are: Flexible asset allocation, Diversification, Strong focus on risk management. MLC expects that by managing the portfolio in this way, movements in the portfolio' value should be less significant.

What is the APIR code of the MLC MasterKey Term Allocated Pension - MLC Flexible Assertive managed fund?

The APIR code of the MLC MasterKey Term Allocated Pension - MLC Flexible Assertive managed fund is MLC0662AU.

What was MLC MasterKey Term Allocated Pension - MLC Flexible Assertive’s total return last month?

MLC MasterKey Term Allocated Pension - MLC Flexible Assertive’s total return last month was -0.03%. This was made up of a growth return of -0.03% and an income return of 0%. These returns were calculated as at 31 Aug 2025.

What was MLC MasterKey Term Allocated Pension - MLC Flexible Assertive’s total return for the last three months?

MLC MasterKey Term Allocated Pension - MLC Flexible Assertive’s total return for the last three months was 0.27%. This was made up of a growth return of 0.27% and an income return of 0%%. These returns were calculated as at 31 Aug 2025.

What is MLC MasterKey Term Allocated Pension - MLC Flexible Assertive’s one-year total return?

MLC MasterKey Term Allocated Pension - MLC Flexible Assertive’s one-year total return is 6.93%. This was made up of a growth return of 6.93% and an income return of 0%. These returns were calculated as at 31 Aug 2025.

What is MLC MasterKey Term Allocated Pension - MLC Flexible Assertive’s three-year total return?

MLC MasterKey Term Allocated Pension - MLC Flexible Assertive’s one-year total return is 7.31%. This was made up of a growth return of 7.31% and an income return of 0%. These returns were calculated as at 31 Aug 2025.

What is the asset allocation of the MLC MasterKey Term Allocated Pension - MLC Flexible Assertive managed fund?

The asset allocation of the MLC MasterKey Term Allocated Pension - MLC Flexible Assertive managed fund is :

Australian Equities: 14%

International Equities: 26.42%

Cash: 15.43%

Property & Infrastructure: 1.56%

Fixed Interest: 19.80%

Alternatives: 22.80%

Who is the responsible Entity of the MLC MasterKey Term Allocated Pension - MLC Flexible Assertive managed fund?

The Responsible Entity for the MLC MasterKey Term Allocated Pension - MLC Flexible Assertive managed fund is NULIS Nominees (Australia) Limited.

What sector/asset class does the MLC MasterKey Term Allocated Pension - MLC Flexible Assertive managed fund belong to?

The MLC MasterKey Term Allocated Pension - MLC Flexible Assertive managed fund belongs to the Multisector Flexible sector/asset class.

What is the size of the MLC MasterKey Term Allocated Pension - MLC Flexible Assertive managed fund?

As at 31 May 2025, the size of the MLC MasterKey Term Allocated Pension - MLC Flexible Assertive managed fund was $1.31 million.

What is the inception date of the MLC MasterKey Term Allocated Pension - MLC Flexible Assertive managed fund?

The MLC MasterKey Term Allocated Pension - MLC Flexible Assertive managed fund has an inception date of 5 Dec 2005.

What is the current entry price of the MLC MasterKey Term Allocated Pension - MLC Flexible Assertive managed fund?

The current entry price of the MLC MasterKey Term Allocated Pension - MLC Flexible Assertive managed fund is $16.37696 per unit and the current exit price is $16.34422 per unit (as at 15 Sep 2025).

What is the current exit price of the MLC MasterKey Term Allocated Pension - MLC Flexible Assertive managed fund?

The current exit price of the MLC MasterKey Term Allocated Pension - MLC Flexible Assertive managed fund is $16.34422 per unit and the current entry price is $16.37696 per unit (as at 15 Sep 2025).

What is the minimum investment amount for the MLC MasterKey Term Allocated Pension - MLC Flexible Assertive managed fund?

The minimum initial investment amount for the MLC MasterKey Term Allocated Pension - MLC Flexible Assertive managed fund is $20,000. 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