SMA MLC Premium High Growth 98
Features
Information
Investment minimums
Pricing
Investment objective
To deliver CPI +4.5% over 7+ 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 forinvestors who seek some income returns with high potential for capital growth by investing in predominately growth assets. They should be prepared to accept a high level of risk of capital loss 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 | 4.59% | 12.85% | 13.25% | 14.66% | 13.14% | - | |
| Benchmark | 4.45% | 13.28% | 11.70% | 14.36% | 14.24% | - |
Calendar Performance
| 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 | ||
|---|---|---|---|---|---|---|
| Fund | 12.07% | 12.81% | - | - | - | |
| Benchmark | 16.44% | 14.12% | - | - | - |
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 31/10/2025
| Australian shares | 30.96% | |
| Global property | 6.05% | |
| Infrastructure | 4.71% | |
| Cash and short-term securities | 2.49% | |
| Alternative - growth | 5.66% | |
| Alternative - defensive | 2.43% | |
| Global shares (unhedged) | 25.26% | |
| Global shares (hedged) | 22.44% |
Asset allocation range
| Asset class | Asset range |
|---|---|
| Cash | 2-10% |
| Fixed Interest | 0-10% |
| Alternatives | 0-20% |
| Australian Shares | 20-60% |
| Global Shares | 30-70% |
| 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 31/10/2025
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 shares making solid gains in October. Lower US interest rates, expectations for continuing strong corporate profits and a truce in China-USA trade tensions were the key positive factors.
Resolution Capital Global Listed Infrastructure Fund - The fund outperformed its index by 2.7% for the month, with contributors led by Utilities, while Energy and Real Estate detracted. Top contributors were Italgas SpA, SSE PLC, Entergy Corp. Italgas benefited from stable regulated gas distribution and investments in the energy transition.
Walter Scott Emerging Markets Fund – The fund was the best absolute performer for October and slightly outperformed its benchmark. Gains were primarily driven by stock selection in Technology and Industrials, while Consumer Cyclical and Communication Services detracted. Top contributors included TSMC and Leeno Industrial Inc. TSMC strength was fuelled by robust AI chip demand, Nvidia partnership, and leadership in advanced semiconductors.
US share prices reached new historic highs in October with strong growth in corporate profits for the September quarter. Technology companies including Apple, Meta and Microsoft have led the charge with a +26% increase in profits over the past year according to FactSet. Given the US government shutdown, there have been minimal economic data releases. There was a special release of US consumer prices data which showed annual inflation at 3% in the year to September. The US central bank cut interest rates by 0.25% in response to the perceived ‘downside risk’ to employment.
Chinese shares fell in October despite more hopeful signs on US trade tensions after US President Trump’s meeting with China’s President Xi Jinping. China has agreed to continue rare earth mineral exports and buy soybeans in exchange for the US reducing tariffs by 10%. China’s slow retail sales and weak property market remain of concern to investors.
Australian shares made new historic highs in October but ended the month with only modest gains. The strongest performance came from the Resources sector (+4.0%) with rising gold and base metal prices. The Energy sector (+3.6%) rebounded in October after September’s sharp fall with the termination of the Santos takeover. However, the Information Technology sector delivered a weak performance (-7.0%) given a sharp price fall in Wisetech. The Consumer Discretionary sector also retreated (-6.8%) with diminished hopes of further RBA interest rate cuts.
Australia’s economic data has proven to be disappointing in October. Consumer spending only rose slightly in August while the unemployment rate increased by 0.2% to 4.5%. Australia’s annual inflation rate climbed to 3.2% in September compared to only 2.1% in June. This has seen expectations evaporate for another Reserve Bank of Australia (RBA) interest rate cut until at least mid 2026.
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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