SMA MLC Premium Conservative 30
To deliver CPI +1.5% over 3 years, net of investment manager fees
Our investment experts invest each portfolio in a combination of asset classes including shares, fixed income, alternatives and cash that they believe will be best placed to achieve the investment objective of each portfolio for investors. We carefully select specialist investment managers to build investments in each asset class. Investments are mainly actively managed through a combination of direct shares in companies and managed funds.
In an unpredictable and constantly changing world, we use our unique Investment Futures Framework to continually identify the very wide range of potential investment market conditions that could occur, and their effect on asset class returns. The insights from this analysis are used to work out the combination of asset classes that our investment experts believe will best achieve each portfolio’s objective.
The portfolio is designed for investors who seek income returns with potential for capital growth by investing in a diversified mix of growth and defensive assets. They should be prepared to accept a medium level of risk to achieve the investment objective.
This website contains general advice only and does not take into account your financial circumstances, needs and objectives. Before making any decision based on this information, you should assess your own circumstances or seek advice from a financial adviser. You should obtain and consider a copy of the relevant Product Disclosure Statement (PDS) or offer document available from us or your financial adviser, before you acquire a financial product. Disclaimers - MLC
Important information:
Other fees and costs may apply to this fund. To obtain this information please refer to the latest Product Disclosure Statement (PDS) for the fund available at mlc.com.au/findafund, speak to your Financial Adviser or call MLC on 132 652 between 8am and 6pm (AEST/AEDT), Monday to Friday.
| 3 months | 6 months | Year to date | 1 year | 3 years pa | 5 years pa | ||
|---|---|---|---|---|---|---|---|
| Fund | 2.60% | 3.57% | 4.66% | 8.37% | - | - | |
| Benchmark | 3.16% | 3.95% | 5.35% | 7.99% | - | - |
| 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 | 31/12/2019 | ||
|---|---|---|---|---|---|---|
| Fund | 8.43% | - | - | - | - | |
| Benchmark | 6.96% | - | - | - | - |
This website contains general advice only and does not take into account your financial circumstances, needs and objectives. Before making any decision based on this information, you should assess your own circumstances or seek advice from a financial adviser. You should obtain and consider a copy of the relevant Product Disclosure Statement (PDS) or offer document available from us or your financial adviser, before you acquire a financial product. Disclaimers - MLC
The performance and holdings are for the Model Portfolio and are not a guarantee or an indication of the actual performance or holdings of a client's portfolio due to differences in the timing and transaction prices for portfolio changes, client investments and withdrawals during the period, timing of receipt of dividends and income distributions, platform administration fees, transactional costs associated with the client's portfolio, and any portfolio exclusions required by the client.
Past performance is not a reliable indicator or guarantee of any future performance.
The value of an investment may rise or fall with the changes in the market. Inflation is measured by the Consumer Price Index (CPI). We use the most recent CPI as an estimate until the actual CPI is available from the Australian Bureau of Statistics.
The performance data has been sourced by FE fundinfo.
Powered by data from FE fundinfo
| Australian shares | 15.60% | |
| Australian fixed interest | 33.94% | |
| Global fixed interest | 28.37% | |
| Cash and short-term securities | 2.99% | |
| Alternative - growth | 4.06% | |
| Alternative - defensive | 4.06% | |
| Global shares (unhedged) | 3.01% | |
| Global shares (hedged) | 3.63% |
| Asset class | Asset range |
|---|---|
| Cash | 2-25% |
| Fixed Interest | 30-70% |
| Alternatives | 0-20% |
| Australian Shares | 10-25% |
| Global Shares | 5-25% |
| Property | 0-15% |
This website contains general advice only and does not take into account your financial circumstances, needs and objectives. Before making any decision based on this information, you should assess your own circumstances or seek advice from a financial adviser. You should obtain and consider a copy of the relevant Product Disclosure Statement (PDS) or offer document available from us or your financial adviser, before you acquire a financial product. Disclaimers - MLC
Powered by data from FE fundinfo
This website contains general advice only and does not take into account your financial circumstances, needs and objectives. Before making any decision based on this information, you should assess your own circumstances or seek advice from a financial adviser. You should obtain and consider a copy of the relevant Product Disclosure Statement (PDS) or offer document available from us or your financial adviser, before you acquire a financial product. Disclaimers - MLC
Powered by data from FE fundinfo
This website contains general advice only and does not take into account your financial circumstances, needs and objectives. Before making any decision based on this information, you should assess your own circumstances or seek advice from a financial adviser. You should obtain and consider a copy of the relevant Product Disclosure Statement (PDS) or offer document available from us or your financial adviser, before you acquire a financial product. Disclaimers - MLC
Powered by data from FE fundinfo
The Portfolio generated a positive return for August, with our tactical positioning to diversify into Fixed income, Property and Infrastructure proving fruitful over the month. These asset classes outperformed the largely negative backdrop of global equity returns.
Standouts from our Fixed income sleeve included Bentham Global Income Fund and Janus Henderson Diversified Credit Fund, both benefiting from falling bond yields, spreads remaining tight, and yield enhanced credits. Manager Resolution Capital in both global listed property and infrastructure produced strong positive returns, albeit marginally under benchmark for the month. Brambles and JB Hi-Fi were strong contributors for the Direct Australian shares portfolio. Brambles released a better-than-expected FY24 result, highlighting the company’s enhanced asset efficiency from improved tracking and recovery rates of pallets. JB Hi-Fi rose following its strong FY24 result and announcing a special dividend. JB Hi-Fi released details of an agreement to acquire E&S Trading Co, following on from the company’s successful acquisition of the Good Guys.
There was considerable turbulence in share prices in early August given higher interest rates in Japan, subdued US economic activity and rising tension between Iran and Israel. US shares initially fell sharply as modest jobs growth and weaker business surveys generated recession concerns. However, Wall Street rapidly recovered with enthusiasm for Artificial Intelligence prospects, solid corporate profit growth results, better US inflation data and hopes that lower interest rates were coming soon. Soothing comments from the US central bank that the “time has come to adjust policy” were supportive of US shares by signalling lower interest rates are likely in September. Chinese share markets drifted sideways with continued concerns over a weak property market with falling housing construction and prices. This has seen Chinese consumer spending remain subdued with economic growth now dependent on infrastructure spending and manufacturing exports.
Australian shares also ended August with a flat performance after being buffeted by global share price swings and concerns over Australia’s sedate economic and corporate profit performance. There were some economic positives with solid job gains in July and annual inflation moderating from 3.8% to 3.5%. However, retail spending is struggling with the central bank noting that many households were “making difficult adjustments” given the ‘cost of living’ pressures. Australia’s corporate reporting season confirmed a disappointing performance for the last financial year with an annual profit fall of circa 4%. There were some large profit falls for the energy sector as well as industrials and telecommunications.
Global government bond yields fell sharply given better US inflation results and hopes for lower interest rates later this year. The continued political turmoil in the Middle East with the Hamas – Israel conflict and rising tensions between Iran and Israel also added to the ‘safe haven’ status of government bond markets. Credit markets spreads rose initially in August given global growth and political concerns but managed to stabilize with the continued strong investor appetite for yields.
0
0
This website contains general advice only and does not take into account your financial circumstances, needs and objectives. Before making any decision based on this information, you should assess your own circumstances or seek advice from a financial adviser. You should obtain and consider a copy of the relevant Product Disclosure Statement (PDS) or offer document available from us or your financial adviser, before you acquire a financial product. Disclaimers - MLC
Powered by data from FE fundinfo