SMA MLC Premium Conservative 30
Features
Information
Investment minimums
Pricing
Investment objective
To deliver CPI +1.5% over 3 years, net of investment manager fees
Investment strategy
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.
Investor profile
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.
Meet the manager(s)
Our impressive investment capabilities are driven by our investment team and structure. Our unified team has had a long association with creating and managing multi-manager portfolios for investors and draws on the very best of our individual corporate heritages, honed over multiple investment cycles. We have created an investment capability of significant depth and breadth in the industry – leveraging a powerful common engine room working for the benefit of our clients. Using our market-leading investment approach, we structure our portfolios to deliver more reliable returns across many potential market environments.
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.
Cumulative performance
| 3 months | 6 months | Year to date | 1 year | 3 years pa | 5 years pa | ||
|---|---|---|---|---|---|---|---|
| Fund | 0.66% | 3.28% | 6.65% | 6.10% | 6.99% | - | |
| Benchmark | 1.09% | 3.84% | 6.27% | 5.93% | 6.20% | - |
Calendar Performance
| 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 | ||
|---|---|---|---|---|---|---|
| Fund | 7.09% | 8.43% | - | - | - | |
| Benchmark | 7.01% | 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.
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Asset allocation as at 30/11/2025
| Australian shares | 14.55% | |
| Property | 2.94% | |
| Infrastructure | 2.28% | |
| Australian fixed interest | 35.49% | |
| Global fixed interest | 26.18% | |
| Cash and short-term securities | 3.66% | |
| Alternative - growth | 3.87% | |
| Alternative - defensive | 3.87% | |
| Global shares (unhedged) | 3.00% | |
| Global shares (hedged) | 4.15% |
Asset allocation range
| 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
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Direct equities holdings - as at 30/11/2025
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
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Portfolio highlights
The Portfolio generated a negative return for the month, with global shares ending a turbulent November with only a flat return. Concerns over expensive share valuations were countered by hopes for lower US interest rates in December.
Polaris Global Equity Fund – The fund outperformed its benchmark by 1.8% in November. Performance was primarily driven by asset allocation with Healthcare and Financials adding value, while overweight positions in Technology and Real Estate detracted. Top positive contributors included United Therapeutics and Marubeni Corp. United Therapeutics rallied on record quarterly revenue, a new share buyback, and management’s confident multi-year growth outlook.
Resolution Capital Global Property Securities Fund - The fund outperformed the benchmark by 1.2% in November driven by strong stock selection. Top contributors were Welltower, Mitsui Fudosan, and Ventas. Welltower’s shares rose on strong seniors housing fundamentals and major strategic announcements in late October totalling tens of billions in seniors rental housing transactions.
US shares had a rollercoaster ride in November. Notably technology companies, including Amazon, Facebook-Meta and Microsoft, recorded sharp price falls in early November as concerns over high valuations cautioned investors. However, slower retail spending helped US share prices recover by boosting hopes for the US central bank lowering interest rates in December. Chinese shares fell as China’s slow retail sales and weak property market remain key concerns.
Australian shares disappointed as higher consumer inflation effectively crushed hopes for another interest rate cut in December. The Information Technology sector delivered the weakest performance of -10.8% given turbulence from Wall Street. Financial shares which include banks also suffered with a -6.5% return. The Consumer Discretionary and Real Estate Investment Trust sectors retreated with diminished hopes for lower interest rates. Yet the more defensive sectors of Health Care and Consumer Staples recorded solid gains given more cautious sentiment. Another resilient performance was the Resources sector given the benefit of strong rises in gold and base metal prices.
Australia’s inflation data revealed persistent price pressures that are maintaining the ‘cost of living’ crisis. For the year to October, headline annual inflation came in at 3.8%. This is well above the Reserve Bank of Australia’s (RBA) 2% to 3% inflation target band, so there are diminished prospects for further interest rate cuts. Stronger jobs growth with the unemployment rate falling from 4.5% to 4.3% in October also weighs against the RBA lowering interest rates.
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
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