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MLC MasterKey Investment Bond (Five Star) - Bond Fund - Managed Fund

Fund Objective
The portfolio is broadly diversified across different types of fixed income securities and investment managers in Australia and around the world. The securities in the portfolio are predominantly investment grade and have an average term to maturity of up to 1.25 years. You can use the portfolio for your whole portfolio or add it to other investments.
Fund Strategy
The portfolio is broadly diversified across different types of fixed income securities and investment managers in Australia and around the world. The securities in the portfolio are predominantly investment grade and have an average term to maturity of up to 1.25 years. You can use the portfolio for your whole portfolio or add it to other investments.

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 0.22% 0.27% 0.88% 2.23% 2.63% 2.57% 0.73% 0.28%
Growth return 0.22% 0.27% 0.88% 2.23% 2.63% 2.57% 0.73% 0.28%
Income return 0% 0% 0% 0% 0% 0% 0% 0%
Market index (MorningstarAus BBG AuBd Cmp/BCGA TR HAUD)
Total return 0.22% -0.56% 0.8% 3.73% 3.33% 3.1% -0.36% 1.88%
As at 31 Jan 2026. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

MLC MasterKey Investment Bond (Five Star) - Bond Fund
International Equities
0%
Cash
5.43%
Fixed Interest
94.58%
Alternatives
0%
Average Allocation of Peers
International Equities
0%
Cash
3.37%
Fixed Interest
95.49%
Alternatives
1.14%

General Information

Fund Details
Type Description
MLC MasterKey Investment Bond (Five Star) - Bond Fund
MLC0233AU
Bonds - Global / Australia
Not Rated (as at 31 Jan 2026)
Investment Fund
20 Jan 1989
$3943813 million (as at 31 Dec 2025)
$12.60816 (as at 12 Feb 2026)
$12.60816 (as at 12 Feb 2026)
Open
Offer information
Type Description
MER 2.90% (as at 20 Feb 2024)
Indirect Cost Ratio (ICR) 2.97% (as at 30 Jun 2020)
Minimum initial investment
Minimum additional investments
Minimum redemption amount

Top 10 holdings (as at 31 Oct 2025)

Holding (as at 31 Oct 2025) Type % of Portfolio
Ioof Income Trust Class C 109.69%
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FAQs about the MLC MasterKey Investment Bond (Five Star) - Bond Fund

The objective of the MLC MasterKey Investment Bond (Five Star) - Bond Fund managed fund is The portfolio is broadly diversified across different types of fixed income securities and investment managers in Australia and around the world. The securities in the portfolio are predominantly investment grade and have an average term to maturity of up to 1.25 years. You can use the portfolio for your whole portfolio or add it to other investments.

The strategy of the MLC MasterKey Investment Bond (Five Star) - Bond Fund managed fund is The portfolio is broadly diversified across different types of fixed income securities and investment managers in Australia and around the world. The securities in the portfolio are predominantly investment grade and have an average term to maturity of up to 1.25 years. You can use the portfolio for your whole portfolio or add it to other investments.

The APIR code of the MLC MasterKey Investment Bond (Five Star) - Bond Fund managed fund is MLC0233AU.

MLC MasterKey Investment Bond (Five Star) - Bond Fund’s total return last month was 0.22%. This was made up of a growth return of 0.22% and an income return of 0%. These returns were calculated as at 31 Jan 2026.

MLC MasterKey Investment Bond (Five Star) - Bond Fund’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 Jan 2026.

MLC MasterKey Investment Bond (Five Star) - Bond Fund’s one-year total return is 2.23%. This was made up of a growth return of 2.23% and an income return of 0%. These returns were calculated as at 31 Jan 2026.

MLC MasterKey Investment Bond (Five Star) - Bond Fund’s one-year total return is 2.57%. This was made up of a growth return of 2.57% and an income return of 0%. These returns were calculated as at 31 Jan 2026.

The asset allocation of the MLC MasterKey Investment Bond (Five Star) - Bond Fund managed fund is :

International Equities
0%
Cash
5.43%
Fixed Interest
94.58%
Alternatives
0%

The MLC MasterKey Investment Bond (Five Star) - Bond Fund managed fund belongs to the Bonds - Global / Australia sector/asset class.

As at 31 Dec 2025, the size of the MLC MasterKey Investment Bond (Five Star) - Bond Fund managed fund was $3943813 million.

The MLC MasterKey Investment Bond (Five Star) - Bond Fund managed fund has an inception date of 20 Jan 1989.

The current entry price of the MLC MasterKey Investment Bond (Five Star) - Bond Fund managed fund is $12.60816 per unit and the current exit price is $12.60816 per unit (as at 12 Feb 2026).

The current exit price of the MLC MasterKey Investment Bond (Five Star) - Bond Fund managed fund is $12.60816 per unit and the current entry price is $12.60816 per unit (as at 12 Feb 2026).

The minimum initial investment amount for the MLC MasterKey Investment Bond (Five Star) - Bond Fund managed fund is $0. 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.