MLC MasterKey Term Allocated Pension - MLC High Growth - Managed Fund

Fund Objective

The portfolio invests in growth assets and may have minimal exposure to defensive assets through its alternative investments. You'll always know where your money is invested because we actively manage the allocations to these assets within defined ranges, in accordance with our changing view of risk and opportunities in investment markets. The portfolio is broadly diversified across growth asset classes and investment managers from around the world. These managers invest in many companies and securities in Australia and overseas.

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	0.78%	1.04%	4.92%	8.18%	12.33%	11.7%	10.67%	10.26%
Growth return	0.89%	1.15%	5.04%	8.3%	12.39%	11.74%	10.69%	10.28%
Income return	-0.11%	-0.11%	-0.12%	-0.12%	-0.06%	-0.04%	-0.02%	-0.02%
Market index (Morningstar AUS Agg Tgt Alloc NR AUD)
Total return	0.45%	0.07%	5.13%	9.72%	13.75%	13.16%	10.52%	10.43%

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

Asset Allocation

MLC MasterKey Term Allocated Pension - MLC High Growth

Australian Equities: 30.50%

International Equities: 35.67%

Cash: 2.98%

Property & Infrastructure: 2.91%

Fixed Interest: 2.68%

Alternatives: 25.25%

Average Allocation of Peers

Australian Equities: 34.88%

International Equities: 47.85%

Cash: 2.15%

Property & Infrastructure: 4.99%

Fixed Interest: 5.62%

Alternatives: 4.52%

General Information

Fund Details

Type	Description
Fund Name	MLC MasterKey Term Allocated Pension - MLC High Growth
APIR Code	MLC0620AU
Sector/Asset Class	Multisector Aggressive
Morningstar Rating	(as at 31 Jan 2026)
Legal Structure	Allocated Pension
Fund Inception	1 Oct 2004
Fund Size	$1270430 million (as at 31 Jan 2026)
Entry Price	$51.98777 (as at 12 Feb 2026)
Exit Price	$51.88389 (as at 12 Feb 2026)
Fund Status	Open

Offer information

Type	Description
Standard entry fee	5%
MER	1.32% (as at 1 Oct 2024)
Indirect Cost Ratio (ICR)	1.34% (as at 30 Jun 2024)
Performance fee (not included in ICR)	0.08
Minimum initial investment	$20,000
Minimum additional investments
Minimum redemption amount

Top 10 holdings (as at 31 Dec 2023)

Holding (as at 31 Dec 2023)	Type	% of Portfolio
BHP Group Ltd		4.47%
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 MasterKey Term Allocated Pension - MLC High Growth

What is the objective of the MLC MasterKey Term Allocated Pension - MLC High Growth managed fund?

The objective of the MLC MasterKey Term Allocated Pension - MLC High Growth managed fund is The portfolio invests in growth assets and may have minimal exposure to defensive assets through its alternative investments. You'll always know where your money is invested because we actively manage the allocations to these assets within defined ranges, in accordance with our changing view of risk and opportunities in investment markets. The portfolio is broadly diversified across growth asset classes and investment managers from around the world. These managers invest in many companies and securities in Australia and overseas.

What is the strategy for the MLC MasterKey Term Allocated Pension - MLC High Growth managed fund?

The strategy of the MLC MasterKey Term Allocated Pension - MLC High Growth managed fund is The portfolio invests in growth assets and may have minimal exposure to defensive assets through its alternative investments. You'll always know where your money is invested because we actively manage the allocations to these assets within defined ranges, in accordance with our changing view of risk and opportunities in investment markets. The portfolio is broadly diversified across growth asset classes and investment managers from around the world. These managers invest in many companies and securities in Australia and overseas.

What is the APIR code of the MLC MasterKey Term Allocated Pension - MLC High Growth managed fund?

The APIR code of the MLC MasterKey Term Allocated Pension - MLC High Growth managed fund is MLC0620AU.

What was MLC MasterKey Term Allocated Pension - MLC High Growth’s total return last month?

MLC MasterKey Term Allocated Pension - MLC High Growth’s total return last month was 0.78%. This was made up of a growth return of 0.89% and an income return of -0.11%. These returns were calculated as at 31 Jan 2026.

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

MLC MasterKey Term Allocated Pension - MLC High Growth’s total return for the last three months was 1.04%. This was made up of a growth return of 1.15% and an income return of -0.11%%. These returns were calculated as at 31 Jan 2026.

What is MLC MasterKey Term Allocated Pension - MLC High Growth’s one-year total return?

MLC MasterKey Term Allocated Pension - MLC High Growth’s one-year total return is 8.18%. This was made up of a growth return of 8.3% and an income return of -0.12%. These returns were calculated as at 31 Jan 2026.

What is MLC MasterKey Term Allocated Pension - MLC High Growth’s three-year total return?

MLC MasterKey Term Allocated Pension - MLC High Growth’s one-year total return is 11.7%. This was made up of a growth return of 11.74% and an income return of -0.04%. These returns were calculated as at 31 Jan 2026.

What is the asset allocation of the MLC MasterKey Term Allocated Pension - MLC High Growth managed fund?

The asset allocation of the MLC MasterKey Term Allocated Pension - MLC High Growth managed fund is :

Australian Equities: 30.50%

International Equities: 35.67%

Cash: 2.98%

Property & Infrastructure: 2.91%

Fixed Interest: 2.68%

Alternatives: 25.25%

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

The MLC MasterKey Term Allocated Pension - MLC High Growth managed fund belongs to the Multisector Aggressive sector/asset class.

What is the size of the MLC MasterKey Term Allocated Pension - MLC High Growth managed fund?

As at 31 Jan 2026, the size of the MLC MasterKey Term Allocated Pension - MLC High Growth managed fund was $1270430 million.

What is the inception date of the MLC MasterKey Term Allocated Pension - MLC High Growth managed fund?

The MLC MasterKey Term Allocated Pension - MLC High Growth managed fund has an inception date of 1 Oct 2004.

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

The current entry price of the MLC MasterKey Term Allocated Pension - MLC High Growth managed fund is $51.98777 per unit and the current exit price is $51.88389 per unit (as at 12 Feb 2026).

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

The current exit price of the MLC MasterKey Term Allocated Pension - MLC High Growth managed fund is $51.88389 per unit and the current entry price is $51.98777 per unit (as at 12 Feb 2026).

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

The minimum initial investment amount for the MLC MasterKey Term Allocated Pension - MLC High Growth 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