MLC Wholesale Horizon 2 - Income Portfolio
Features
Information
Investment minimums
Pricing
Investment objective
The portfolio aims to outperform its benchmark, after fees, over 3 year periods. It aims to achieve this by actively managing the portfolio. This includes reducing risk in the portfolio if market risk is high. As a result, there may be smaller losses than the benchmark in weak or falling markets and potentially lower returns than the benchmark in strong markets.
Investment strategy
The fund invests primarily in debt assets, property securities and shares.
Investor profile
The fund is intended to be suitable for investors who:
- want to gear a portfolio that’s diversified across growth assets (primarily shares), investment managers, and securities
- want to gear a portfolio but don’t want the burden of obtaining and managing own loan
- want long-term capital growth you expect growth in the assets’ value to exceed the costs of gearing, and
- comfortable with the risks of gearing including extra volatility and increased risk of capital loss, as outlined in the Product Guide.
Research house ratings
Rating
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 | 1.70% | 2.71% | 1.42% | 6.49% | 7.17% | 4.77% | |
| FE Sector | 1.62% | 2.77% | 1.61% | 6.47% | 6.65% | 4.12% |
Calendar Performance
| 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | ||
|---|---|---|---|---|---|---|
| Fund | 5.97% | 7.11% | 8.87% | -4.65% | 5.93% | |
| FE Sector | 6.06% | 6.68% | 7.26% | -6.80% | 5.75% |
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
Past performance is not a reliable indicator of future performance. Returns are not guaranteed and may vary from any target described in this document. The capital value, payment of income, and performance of any financial product referred to in this communication are not guaranteed. An investment in any such financial product referred to in this communication is subject to investment risk, including possible delays in repayment of capital and loss of income and principal invested. Actual returns may vary from any target return described in this communication and there is a risk that the investment may achieve lower than expected returns.
Net returns are calculated after deducting management fees and assume reinvestment of all distributions.
Gross returns are calculated before deducting management fees.
The performance data has been sourced by FE fundinfo.
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Asset allocation as at 28/2/2026
| Australian shares | 9.07% | |
| Global Shares | 11.19% | |
| Australian property | 3.86% | |
| Global property | 2.30% | |
| Infrastructure | 2.64% | |
| Australian fixed interest | 24.59% | |
| Global fixed interest | 34.16% | |
| Cash and short-term securities | 6.56% | |
| Alternative - growth | 4.22% | |
| Alternative - defensive | 1.41% |
Asset allocation range
| Asset class | Asset range |
|---|---|
| Cash | 0-35% |
| Fixed Income | 30-70% |
| Alternatives | 0-15% |
| Australian Shares | 0-25% |
| Global Shares | 0-25% |
| Property | 0-20% |
| Infrastructure | 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
Top holdings - Australian shares as at 28/2/2026
| BHP Group Limited | 1.02% |
| Commonwealth Bank of Australia | 0.63% |
| National Australia Bank Limited | 0.38% |
| ANZ Group Holdings Limited | 0.33% |
| Westpac Banking Corporation | 0.30% |
| Macquarie Group Limited | 0.23% |
| CSL Limited | 0.23% |
| ALS Limited | 0.16% |
| Ventia Services Group Limited | 0.15% |
| Telstra Group Limited | 0.15% |
Top holdings - International shares as at 28/2/2026
| Taiwan Semiconductor Manufacturing Company Limited | 0.43% |
| Microsoft Corporation | 0.34% |
| Alphabet Inc. | 0.32% |
| Welltower Inc. | 0.26% |
| NVIDIA Corporation | 0.26% |
| Apple Inc. | 0.23% |
| Amazon.com, Inc. | 0.19% |
| ASML Holding NV | 0.17% |
| ResMed Inc. | 0.14% |
| Equinix, Inc. | 0.14% |
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
Key contributors to performance for the quarter ended 31 December 2025 were:
- Strong returns in global shares (+2.8%).
- The exposure to insurance-related investments (+3.8%) and opportunistic capital solutions (+4.2%) generated strong returns.
- Exposure to short-maturity bonds and corporate bonds contributed positively to performance. The short maturity strategy returned +0.8% and extended credit strategy returned +1.4%.
- Weak returns and performance from some of the underlying managers in Australian shares (-2.1%).
Detractor from performance:
Note: Returns for the asset classes above are before fees and tax.
Portfolio positioning:
Active use of derivative capabilities with exposure to Chinese shares using a Total Return Swap. Outperformance and dispersion options have been used within the global shares strategy to enhance the range of outcomes.
Overweight to fixed income. This includes an overweight to a diversified range of credit strategies including short maturities, high yield bonds and loans and private credit as we expect these strategies to outperform traditional bonds and cash.
Underweight positions to cash and fixed income (all maturities) to fund the fixed income and alternatives overweights.
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