MLC MasterKey Business Super - Perpetual Australian Share - Managed Fund

Fund Objective

The Fund invests primarily in Australian listed, or soo to be listed, shares but may have up to 20% exposure to stocks outside Australia.

Fund Strategy

The Fund invests primarily in Australian listed, or soo to be listed, shares but may have up to 20% exposure to stocks outside Australia.

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	2.2%	1.82%	1.47%	4.91%	6.71%	5.05%	8.15%	7.64%
Growth return	-1.42%	2.6%	-2.33%	4.63%	5.21%	5.21%	6.91%	7.63%
Income return	3.62%	-0.78%	3.8%	0.28%	1.5%	-0.16%	1.24%	0.01%
Market index (S&P/ASX 200 TR AUD)
Total return	1.78%	0.36%	3.06%	7.37%	11.2%	9.81%	10.21%	10.12%

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

Asset Allocation

MLC MasterKey Business Super - Perpetual Australian Share

Australian Equities: 84.47%

International Equities: 12.66%

Cash: 2.86%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Average Allocation of Peers

Australian Equities: 95.81%

International Equities: 4.26%

Cash: -1.04%

Property & Infrastructure: 1.32%

Fixed Interest: -0.33%

Alternatives: -0.02%

General Information

Fund Details

Type	Description
Fund Name	MLC MasterKey Business Super - Perpetual Australian Share
APIR Code	MLC0654AU
Sector/Asset Class	Equity Australia Large Value
Morningstar Rating	(as at 31 Jan 2026)
Legal Structure	Superannuation Fund
Fund Inception	5 Dec 2005
Fund Size	$19613240 million (as at 31 Jan 2026)
Entry Price	$43.26791 (as at 12 Feb 2026)
Exit Price	$43.16431 (as at 12 Feb 2026)
Fund Status	Open

Offer information

Type	Description
MER	1.43% (as at 1 Oct 2025)
Indirect Cost Ratio (ICR)	1.54% (as at 30 Jun 2024)
Minimum initial investment	$1,000.00
Minimum redemption amount

Top 10 holdings (as at 30 Nov 2025)

Holding (as at 30 Nov 2025)	Type	% of Portfolio
Commonwealth Bank of Australia		8.02%
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 Business Super - Perpetual Australian Share

What is the objective of the MLC MasterKey Business Super - Perpetual Australian Share managed fund?

The objective of the MLC MasterKey Business Super - Perpetual Australian Share managed fund is The Fund invests primarily in Australian listed, or soo to be listed, shares but may have up to 20% exposure to stocks outside Australia.

What is the strategy for the MLC MasterKey Business Super - Perpetual Australian Share managed fund?

The strategy of the MLC MasterKey Business Super - Perpetual Australian Share managed fund is The Fund invests primarily in Australian listed, or soo to be listed, shares but may have up to 20% exposure to stocks outside Australia.

What is the APIR code of the MLC MasterKey Business Super - Perpetual Australian Share managed fund?

The APIR code of the MLC MasterKey Business Super - Perpetual Australian Share managed fund is MLC0654AU.

What was MLC MasterKey Business Super - Perpetual Australian Share’s total return last month?

MLC MasterKey Business Super - Perpetual Australian Share’s total return last month was 2.2%. This was made up of a growth return of -1.42% and an income return of 3.62%. These returns were calculated as at 31 Jan 2026.

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

MLC MasterKey Business Super - Perpetual Australian Share’s total return for the last three months was 1.82%. This was made up of a growth return of 2.6% and an income return of -0.78%%. These returns were calculated as at 31 Jan 2026.

What is MLC MasterKey Business Super - Perpetual Australian Share’s one-year total return?

MLC MasterKey Business Super - Perpetual Australian Share’s one-year total return is 4.91%. This was made up of a growth return of 4.63% and an income return of 0.28%. These returns were calculated as at 31 Jan 2026.

What is MLC MasterKey Business Super - Perpetual Australian Share’s three-year total return?

MLC MasterKey Business Super - Perpetual Australian Share’s one-year total return is 5.05%. This was made up of a growth return of 5.21% and an income return of -0.16%. These returns were calculated as at 31 Jan 2026.

What is the asset allocation of the MLC MasterKey Business Super - Perpetual Australian Share managed fund?

The asset allocation of the MLC MasterKey Business Super - Perpetual Australian Share managed fund is :

Australian Equities: 84.47%

International Equities: 12.66%

Cash: 2.86%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

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

The MLC MasterKey Business Super - Perpetual Australian Share managed fund belongs to the Equity Australia Large Value sector/asset class.

What is the size of the MLC MasterKey Business Super - Perpetual Australian Share managed fund?

As at 31 Jan 2026, the size of the MLC MasterKey Business Super - Perpetual Australian Share managed fund was $19613240 million.

What is the inception date of the MLC MasterKey Business Super - Perpetual Australian Share managed fund?

The MLC MasterKey Business Super - Perpetual Australian Share managed fund has an inception date of 5 Dec 2005.

What is the current entry price of the MLC MasterKey Business Super - Perpetual Australian Share managed fund?

The current entry price of the MLC MasterKey Business Super - Perpetual Australian Share managed fund is $43.26791 per unit and the current exit price is $43.16431 per unit (as at 12 Feb 2026).

What is the current exit price of the MLC MasterKey Business Super - Perpetual Australian Share managed fund?

The current exit price of the MLC MasterKey Business Super - Perpetual Australian Share managed fund is $43.16431 per unit and the current entry price is $43.26791 per unit (as at 12 Feb 2026).

What is the minimum investment amount for the MLC MasterKey Business Super - Perpetual Australian Share managed fund?

The minimum initial investment amount for the MLC MasterKey Business Super - Perpetual Australian Share 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.

What our members say about us