MLC Wholesale Horizon 3 - Conservative Growth Portfolio
Features
Information
Investment minimums
Pricing
Investment objective
The portfolio aims to outperform its benchmark, after fees, over 5 year periods. It aims to achieve this by actively managing the portfolio. This includes changing the portfolios asset allocation to capitalise on investment opportunities or reduce risk if market risk is high.
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 a portfolio that invests mainly in defensive assets
- want a portfolio that's diversified across asset classes, investment managers, and securities, and
- preserving the investment is an important but not overriding concern
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 | 0.47% | 3.56% | 0.90% | 8.43% | 5.65% | 5.55% | |
| FE Sector | 0.78% | 2.66% | 1.22% | 6.65% | 3.55% | 3.22% |
Calendar Performance
| 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 | ||
|---|---|---|---|---|---|---|
| Fund | 9.46% | 10.23% | -5.93% | 9.64% | 2.80% | |
| FE Sector | 6.68% | 7.26% | -6.80% | 5.75% | 2.90% |
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.
Powered by data from FE fundinfo
Asset allocation as at 28/2/2025
| Australian shares | 15.99% | |
| Global Shares | 20.21% | |
| Australian property | 3.17% | |
| Global property | 2.84% | |
| Infrastructure | 3.59% | |
| Australian fixed interest | 16.95% | |
| Global fixed interest | 25.21% | |
| Cash and short-term securities | 4.27% | |
| Alternative - growth | 5.83% | |
| Alternative - defensive | 1.94% |
Asset allocation range
| Asset class | Asset range |
|---|---|
| Cash | 0-25% |
| Fixed Income | 15-50% |
| Alternatives | 0-20% |
| Australian Shares | 5-30% |
| Global Shares | 5-35% |
| 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 31/12/2024
| BHP Group Ltd | 1.11% |
| CSL Limited | 0.90% |
| Commonwealth Bank of Australia | 0.81% |
| National Australia Bank Limited | 0.61% |
| Macquarie Group, Ltd. | 0.49% |
| Telstra Group Limited | 0.43% |
| ANZ Group Holdings Limited | 0.42% |
| Goodman Group | 0.36% |
| Aristocrat Leisure Limited | 0.36% |
| Westpac Banking Corporation | 0.35% |
Top holdings - International shares as at 31/12/2024
| Microsoft Corporation | 1.23% |
| NVIDIA Corporation | 0.73% |
| Apple Inc. | 0.65% |
| Amazon.com, Inc. | 0.52% |
| Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR | 0.43% |
| Alphabet Inc. Class C | 0.33% |
| Netflix, Inc. | 0.32% |
| Alphabet Inc. Class A | 0.30% |
| Visa Inc. Class A | 0.30% |
| Meta Platforms Inc Class A | 0.28% |
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
Contributors to performance
Key contributors to performance for the quarter ended 31 December 2024 were:
- There were exceptionally strong returns in global shares (+10.0%).
- The exposure to insurance-related investments (+3.3%) unlisted infrastructure (2.0%) and private equity (+2.3%) generated positive returns.
- Exposure to short-maturity bonds and corporate bonds contributed positively to performance. The short maturity strategy returned +1.4% and extended credit strategy returned +1.8%.
Note: Returns for the asset classes above are before fees and tax.
Portfolio positioning:
Underweight position to unlisted property. Whilst unlisted property provides a relatively stable income yield, some inflation protection and the potential for capital growth, the shorter-term return outlook for some sectors is below long-term averages.
Overweight position to alternatives. The real return strategy and derivatives provide the portfolio with more liquid sources of real asset-like exposures to offset the underweight to property.
The overweight to fixed income includes an overweight to credit via short maturities and private debt. A modest overweight to credit remains one of our highest conviction positions given the constructive cyclical outlook, elevated all-in yields, strong corporate balance sheets and historically high coverage ratios. Given the stage of the cycle, we prefer higher quality and shorter duration credit.
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