SMA MLC Value Moderate 50
Features
Information
Investment minimums
Pricing
Investment objective
To deliver CPI +1.75% 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 to high 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 | 1.40% | 2.20% | 2.79% | 9.15% | 7.24% | - | |
| Benchmark | 1.12% | 2.01% | 2.60% | 9.02% | 6.67% | - |
Calendar Performance
| 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 | ||
|---|---|---|---|---|---|---|
| Fund | 9.22% | 10.90% | -5.25% | 11.29% | - | |
| Benchmark | 9.94% | 9.16% | -6.35% | 10.21% | - |
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 31/5/2025
| Australian shares | 17.06% | |
| Property | 3.62% | |
| Infrastructure | 2.89% | |
| Australian fixed interest | 24.26% | |
| Global fixed interest | 17.61% | |
| Cash and short-term securities | 3.98% | |
| Alternative - growth | 5.15% | |
| Alternative - defensive | 5.15% | |
| Global shares (unhedged) | 11.22% | |
| Global shares (hedged) | 9.06% |
Asset allocation range
| Asset class | Asset range |
|---|---|
| Cash | 0-20% |
| Fixed Interest | 20-60% |
| Alternatives | 0-20% |
| Australian Shares | 10-35% |
| Global Shares | 5-35% |
| 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 31/5/2025
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 positive return for the month, with global share prices making strong gains in May on hopes that President Trump’s tariffs will prove more modest than April’s announcements. President Trump agreed to a temporary tariff truce of 90 days in May with both China and Europe.
Resolution Capital Global Listed Infrastructure Fund - The proposed acquisition of portfolio company TXNM Energy Inc. by US private equity firm Blackstone significantly impacted the stock price upwardly. This, combined with strong performance from renewable-oriented holdings, contributed positively to overall fund performance.
MLC Real Return Fund - MLC Real Return Fund performed strongly. While performance was driven largely by equity allocations, meaningful equity-linked derivative exposure continues to provide the fund with downside protection should market continue to be highly volatility over calendar year 2025.
US share prices continued their remarkable recovery from April lows. Investors have taken some comfort with the US President suggesting that tariffs deals are negotiable. However, President Trump has selectively threatened to raise tariffs on imported aluminium and steel from 25% to 50% and apply a 25% tariff on Apple iPhones in the final days of May. US economic activity has generally been modest with consumers cautious about retail spending despite a solid jobs market and lower energy prices. European shares also advanced on optimism that President Trump’s tariff proposals were more bark than bite. President Trump did threaten to impose a 50% tariff on European goods but then agreed to delay these tariffs until July. Chinese shares rebounded with signs that China–US trade talks were making some progress. China has agreed to lower tariffs on US imports from 125% to 10% in response to the USA lowering their tariff rates from 145% to 30% while awaiting final negotiations.
Australian shares tracked the upswing in global shares. The Information Technology sector made remarkable monthly gains of 19.8% with WiseTech rebounding on a US technology firm acquisition. The Energy sector surged by 8.6% which was led by Woodside on news that the Federal Government had extended approval for their gas export facility. There were also strong gains for Communication Services, Financials and Real Estate sectors which benefitted from the RBA cutting the cash interest rate by 0.25% to 3.85%. Australia’s economic data provides a subdued profile. Both housing construction approvals and retail spending fell in April with consumers still very cautious given the ‘cost of living’. However, there was a positive surprise with strong job gains in April and the unemployment rate remaining steady at 4.1%.
Global government bond yields rose sharply with optimism that President Trump tariffs will not be as damaging to global economic activity as feared in April. Notably the US government credit rating was downgraded from AAA to Aa1 by Moody’s Ratings given rising US budget and debt obligations. Credit markets spreads narrowed in May given an improving risk appetite by investors.
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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