SMA MLC Premium Moderate 50
Features
Information
Investment minimums
Pricing
Investment objective
To deliver CPI +2% p.a 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 | 1.73% | 3.16% | 3.14% | 10.61% | 8.53% | 5.84% | |
| Benchmark | -0.05% | 0.32% | 0.55% | 8.43% | 7.57% | 5.29% |
Calendar Performance
| 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | ||
|---|---|---|---|---|---|---|
| Fund | 8.64% | 8.74% | 9.93% | -5.36% | 10.30% | |
| Benchmark | 8.17% | 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 30/4/2026
| Australian shares | 15.81% | |
| Property | 4.14% | |
| Infrastructure | 5.06% | |
| Australian fixed interest | 23.62% | |
| Global fixed interest | 14.70% | |
| Cash and short-term securities | 2.76% | |
| Alternative - growth | 4.68% | |
| Alternative - defensive | 4.68% | |
| Global shares (unhedged) | 11.50% | |
| Global shares (hedged) | 13.05% |
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 30/4/2026
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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Portfolio highlights
As at 30 April 2026:
The portfolio produced a positive return for the month and outperformed its peer benchmark. Global shares made a strong recovery in April after the sharp falls in March, due to strong US corporate profits and a ceasefire between Iran and the US. However, the effective closure of the Strait of Hormuz alongside a surge in energy and fertiliser prices, reinforces geopolitical risk as a key driver of inflation and growth outcomes.
The Arrowstreet Global Equity Fund (Hedged) outperformed its benchmark by 1.9% over the month and was the portfolio’s strongest alpha contributor. Information Technology and Communication Services were the key contributors, while Basic Materials detracted. Broadcom, Alphabet and Amazon were the leading contributors. Broadcom was the largest driver, supported by sustained demand for AI-related semiconductors, strong earnings momentum and positive forward guidance, reinforcing its position within high-performance chip markets.
The Resolution Capital Global Listed Infrastructure Fund outperformed its benchmark by 1.2% over the month. The fund’s overweight in Industrials contributed positively, while Utilities and Energy detracted due to weaker underlying returns. Gek Terna and Black Hills were the leading contributors. Gek Terna benefited from strong project execution and improving sentiment toward European infrastructure investment, particularly in transport and renewable-linked assets.
The Antares Ex-20 Australian Equities Fund outperformed its benchmark by 0.7% over the month. The fund’s overweight in Consumer Cyclicals was the leading contributor to portfolio performance. Healthcare was the leading detractor. Individual contributors included Mineral Resources, Tabcorp and Breville. Mineral Resources led gains, supported by favourable conditions across lithium and iron ore markets and positive sentiment around its integrated mining operations and exposure to battery materials demand.
US share prices made new historic highs with corporates recording their highest profit margins in the last 15 years according to Factset. The largest US technology companies including Alphabet, Amazon, Microsoft and Nvidia are rapidly increasing their Artificial Intelligence (AI) capital investment which is encouraging investors. US economic activity has been solid, but inflation pressures are building given higher commodity prices. The US central bank kept interest rates steady at their April meeting.
Asian share markets achieved robust returns with the optimism on AI and broader technology particularly benefitting Korean (+34%) and Taiwanese (+25%) share markets. Chinese shares also had a brighter positive performance with the benefit of solid results for economic activity in the March quarter.
Australian shares made more modest gains in April. Concerns that the Australian central bank is set to raise interest rates given high inflation and some disappointing profit guidance weighed on Australian shares. The Health Care sector posted a painful -8.4% return with Cochlear recording sharp falls. The Consumer Staples sector also disappointed with caution about higher interest rates squeezing future household spending. More encouraging performances were seen in the Information Technology sector posting a +12.3% return and the Real Estate sector an +8.5% return in April after a slow start to the year.
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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