MLC MasterKey Business Super - MLC Balanced - Managed Fund

Fund Objective

The portfolio has a strong bias to growth assets and some exposure to defensive assets. The allocations to these assets are actively managed within defined ranges, in accordance with MLC’s changing view of potential risks and opportunities in investment markets.

Fund Strategy

Fund Performance Comparison

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Peers

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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

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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.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	0.71%	1.03%	4.41%	7.46%	9.45%	8.53%	7.03%	7.12%
Growth return	-0.31%	1.2%	2.56%	8.71%	8.62%	8.68%	6.83%	7.13%
Income return	1.02%	-0.17%	1.85%	-1.25%	0.83%	-0.15%	0.2%	-0.01%
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 MasterKey Business Super - MLC Balanced

Australian Equities: 25.14%

International Equities: 33.29%

Cash: 0.44%

Property & Infrastructure: 5.44%

Fixed Interest: 16.22%

Alternatives: 19.47%

Average Allocation of Peers

Australian Equities: 27.74%

International Equities: 34.59%

Cash: 5.18%

Property & Infrastructure: 6.27%

Fixed Interest: 20.37%

Alternatives: 5.85%

General Information

Fund Details

Type	Description
Fund Name	MLC MasterKey Business Super - MLC Balanced
APIR Code	MLC0245AU
Sector/Asset Class	Multisector Growth
Morningstar Rating	(as at 31 Jan 2026)
Legal Structure	Superannuation Fund
Fund Inception	1 Jan 1998
Fund Size	$730080629 million (as at 31 Jan 2026)
Entry Price	$148.22633 (as at 10 Feb 2026)
Exit Price	$147.93017 (as at 10 Feb 2026)
Fund Status	Open

Offer information

Type	Description
MER	1.25% (as at 1 Oct 2025)
Indirect Cost Ratio (ICR)	1.34% (as at 30 Jun 2024)
Performance fee (not included in ICR)	0.11
Minimum initial investment	$1,000.00
Minimum redemption amount

Top 10 holdings (as at 31 Dec 2023)

Holding (as at 31 Dec 2023)	Type	% of Portfolio
Hedged Index Global Infrastructure Secs	Mutual Fund - Open End	3.77%
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FAQs about the MLC MasterKey Business Super - MLC Balanced

What is the objective of the MLC MasterKey Business Super - MLC Balanced managed fund?

The objective of the MLC MasterKey Business Super - MLC Balanced managed fund is The portfolio has a strong bias to growth assets and some exposure to defensive assets. The allocations to these assets are actively managed within defined ranges, in accordance with MLC’s changing view of potential risks and opportunities in investment markets.

What is the strategy for the MLC MasterKey Business Super - MLC Balanced managed fund?

The strategy of the MLC MasterKey Business Super - MLC Balanced managed fund is The portfolio has a strong bias to growth assets and some exposure to defensive assets. The allocations to these assets are actively managed within defined ranges, in accordance with MLC’s changing view of potential risks and opportunities in investment markets.

What is the APIR code of the MLC MasterKey Business Super - MLC Balanced managed fund?

The APIR code of the MLC MasterKey Business Super - MLC Balanced managed fund is MLC0245AU.

What was MLC MasterKey Business Super - MLC Balanced’s total return last month?

MLC MasterKey Business Super - MLC Balanced’s total return last month was 0.71%. This was made up of a growth return of -0.31% and an income return of 1.02%. These returns were calculated as at 31 Jan 2026.

What was MLC MasterKey Business Super - MLC Balanced’s total return for the last three months?

MLC MasterKey Business Super - MLC Balanced’s total return for the last three months was 1.03%. This was made up of a growth return of 1.2% and an income return of -0.17%%. These returns were calculated as at 31 Jan 2026.

What is MLC MasterKey Business Super - MLC Balanced’s one-year total return?

MLC MasterKey Business Super - MLC Balanced’s one-year total return is 7.46%. This was made up of a growth return of 8.71% and an income return of -1.25%. These returns were calculated as at 31 Jan 2026.

What is MLC MasterKey Business Super - MLC Balanced’s three-year total return?

MLC MasterKey Business Super - MLC Balanced’s one-year total return is 8.53%. This was made up of a growth return of 8.68% and an income return of -0.15%. These returns were calculated as at 31 Jan 2026.

What is the asset allocation of the MLC MasterKey Business Super - MLC Balanced managed fund?

The asset allocation of the MLC MasterKey Business Super - MLC Balanced managed fund is :

Australian Equities: 25.14%

International Equities: 33.29%

Cash: 0.44%

Property & Infrastructure: 5.44%

Fixed Interest: 16.22%

Alternatives: 19.47%

What sector/asset class does the MLC MasterKey Business Super - MLC Balanced managed fund belong to?

The MLC MasterKey Business Super - MLC Balanced managed fund belongs to the Multisector Growth sector/asset class.

What is the size of the MLC MasterKey Business Super - MLC Balanced managed fund?

As at 31 Jan 2026, the size of the MLC MasterKey Business Super - MLC Balanced managed fund was $730080629 million.

What is the inception date of the MLC MasterKey Business Super - MLC Balanced managed fund?

The MLC MasterKey Business Super - MLC Balanced managed fund has an inception date of 1 Jan 1998.

What is the current entry price of the MLC MasterKey Business Super - MLC Balanced managed fund?

The current entry price of the MLC MasterKey Business Super - MLC Balanced managed fund is $148.22633 per unit and the current exit price is $147.93017 per unit (as at 10 Feb 2026).

What is the current exit price of the MLC MasterKey Business Super - MLC Balanced managed fund?

The current exit price of the MLC MasterKey Business Super - MLC Balanced managed fund is $147.93017 per unit and the current entry price is $148.22633 per unit (as at 10 Feb 2026).

What is the minimum investment amount for the MLC MasterKey Business Super - MLC Balanced managed fund?

The minimum initial investment amount for the MLC MasterKey Business Super - MLC Balanced managed fund is $1,000.

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.

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