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  5. MLC MasterKey Term Allocated Pension - MLC Low Cost Conservative Balanced - Managed fund profile

MLC MasterKey Term Allocated Pension - MLC Low Cost Conservative Balanced - Managed Fund

Fund Objective
The portfolio aims to provide a return that meets its benchmark (before fees and tax) over 3 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.
Fund Strategy
The portfolio has an approximately equal exposure to growth and defensive assets. The allocations to these assets are actively managed within defined ranges, in accordance with our 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.

Fund Performance Comparison

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Fees Comparison

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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.
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Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return -0.07% 2.43% 6.65% 17.93% 10.32% 4.77% -% -%
Growth return -0.07% 2.43% 6.65% 17.93% 10.32% 4.77% -% -%
Income return 0% 0% 0% 0% 0% 0% -% -%
Market index (Morningstar AUS Balance Tgt Alloc NR AUD)
Total return -0.68% 1.17% 6.1% 16.84% 9.57% 3.59% 4.65% 5.92%
As at 31 Oct 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

MLC MasterKey Term Allocated Pension - MLC Low Cost Conservative Balanced
Australian Equities
18.06%
International Equities
29.79%
Cash
3.37%
Property
4.02%
Fixed Interest
38.12%
Alternatives
6.64%
Average Allocation of Peers
Australian Equities
15.86%
International Equities
27.73%
Cash
10.19%
Property
3.97%
Fixed Interest
35.38%
Alternatives
6.87%

General Information

Fund Details
Type Description
MLC MasterKey Term Allocated Pension - MLC Low Cost Conservative Balanced
NULIS Nominees (Australia) Limited
NUL1172AU
Multisector Balanced
starstarstarstar (as at 31 Oct 2024)
Allocated Pension
26 Feb 2021
$4.48 million (as at 31 Oct 2024)
$25.71351 (as at 20 Nov 2024)
$25.66213 (as at 20 Nov 2024)
Open
Offer information
Type Description
MER 0.59% (as at 1 Oct 2024)
Indirect Cost Ratio (ICR) 0.75% (as at 30 Jun 2023)
Performance fee (not included in ICR) 0

Top 10 holdings (as at 31 May 2024)

Holding (as at 31 May 2024) Type % of Portfolio
Ardea Composite Bond Fund Class F Alternatives - Private Equity 3.77%
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FAQs about the MLC MasterKey Term Allocated Pension - MLC Low Cost Conservative Balanced

The objective of the MLC MasterKey Term Allocated Pension - MLC Low Cost Conservative Balanced managed fund is The portfolio aims to provide a return that meets its benchmark (before fees and tax) over 3 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 strategy of the MLC MasterKey Term Allocated Pension - MLC Low Cost Conservative Balanced managed fund is The portfolio has an approximately equal exposure to growth and defensive assets. The allocations to these assets are actively managed within defined ranges, in accordance with our 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.

The APIR code of the MLC MasterKey Term Allocated Pension - MLC Low Cost Conservative Balanced managed fund is NUL1172AU.

MLC MasterKey Term Allocated Pension - MLC Low Cost Conservative Balanced’s total return last month was -0.07%. This was made up of a growth return of -0.07% and an income return of 0%. These returns were calculated as at 31 Oct 2024.

MLC MasterKey Term Allocated Pension - MLC Low Cost Conservative Balanced’s total return for the last three months was 2.43%. This was made up of a growth return of 2.43% and an income return of 0%%. These returns were calculated as at 31 Oct 2024.

MLC MasterKey Term Allocated Pension - MLC Low Cost Conservative Balanced’s one-year total return is 17.93%. This was made up of a growth return of 17.93% and an income return of 0%. These returns were calculated as at 31 Oct 2024.

MLC MasterKey Term Allocated Pension - MLC Low Cost Conservative Balanced’s one-year total return is 4.77%. This was made up of a growth return of 4.77% and an income return of 0%. These returns were calculated as at 31 Oct 2024.

The asset allocation of the MLC MasterKey Term Allocated Pension - MLC Low Cost Conservative Balanced managed fund is :

Australian Equities
18.06%
International Equities
29.79%
Cash
3.37%
Property
4.02%
Fixed Interest
38.12%
Alternatives
6.64%

The Responsible Entity for the MLC MasterKey Term Allocated Pension - MLC Low Cost Conservative Balanced managed fund is NULIS Nominees (Australia) Limited.

The MLC MasterKey Term Allocated Pension - MLC Low Cost Conservative Balanced managed fund belongs to the Multisector Balanced sector/asset class.

As at 31 Oct 2024, the size of the MLC MasterKey Term Allocated Pension - MLC Low Cost Conservative Balanced managed fund was $4.48 million.

The MLC MasterKey Term Allocated Pension - MLC Low Cost Conservative Balanced managed fund has an inception date of 26 Feb 2021.

The current entry price of the MLC MasterKey Term Allocated Pension - MLC Low Cost Conservative Balanced managed fund is $25.71351 per unit and the current exit price is $25.66213 per unit (as at 20 Nov 2024).

The current exit price of the MLC MasterKey Term Allocated Pension - MLC Low Cost Conservative Balanced managed fund is $25.66213 per unit and the current entry price is $25.71351 per unit (as at 20 Nov 2024).

The minimum initial investment amount for the MLC MasterKey Term Allocated Pension - MLC Low Cost Conservative Balanced managed fund is $.

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.