SMA MLC Premium Moderate 50
To deliver CPI +2% p.a over 3+ years, net of investment manager fees
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.
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.
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.
| 3 months | 6 months | Year to date | 1 year | 3 years pa | 5 years pa | ||
|---|---|---|---|---|---|---|---|
| Fund | 3.74% | 5.24% | 6.03% | 9.51% | 3.92% | - | |
| Benchmark | 4.20% | 5.90% | 6.85% | 9.62% | 3.64% | - |
| 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 | 31/12/2019 | ||
|---|---|---|---|---|---|---|
| Fund | 9.93% | -5.41% | 10.34% | - | - | |
| Benchmark | 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.
Powered by data from FE fundinfo
| Australian shares | 19.05% | |
| Property | 2.38% | |
| Australian fixed interest | 23.24% | |
| Global fixed interest | 19.99% | |
| Cash and short-term securities | 5.18% | |
| Alternative - growth | 5.66% | |
| Alternative - defensive | 5.66% | |
| Global shares (unhedged) | 9.88% | |
| Global shares (hedged) | 8.94% |
| 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
Powered by data from FE fundinfo
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
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
The Portfolio generated a positive return for July with global shares achieving modest gains given hopes that lower interest rates are coming in Europe and the United States later this year.
The best performing fund over the month was the Polaris Global Equity Fund, outperforming its benchmark by 2.9%. Polaris’ diversification into small and mid-cap global market segments delivered strong returns in July.
Discretionary retail exposure outperformed for the Direct Australian shares portfolio. Sentiment improved for consumer spending following the lower than expected June quarter CPI, and from the tax cuts which came into effect from 01 July. Wesfarmers and JB Hi-Fi were strong contributors in July.
US shares made record highs in July given encouraging signals from the US central bank that the ‘time might be nigh’ to commence cutting interest rates. US annual inflation for June came in at 3% which is the lowest result since March 2021. This generated broad-based share gains that included smaller stocks which had previously underperformed the technology sector. US economic activity showed signs of cooling with moderate job gains and softer business surveys. This added to the hopes for lower interest rates. European share prices made mild gains despite concerns over France’s fragmented parliamentary election results and softer business surveys. Chinese share markets fell with continued concerns over subdued consumer spending and a weak property market. The Chinese central bank did cut corporate and housing lending rates by 0.1% in July, but this was viewed as a symbolic gesture of support rather than major stimulus. Japanese shares also declined as the central bank surprised investors by raising interest rates by 0.15% to 0.25%.
Australian shares made strong gains in July. The consumer discretionary, real estate and financial sector shares led the gains with hopes that the Reserve Bank would not raise interest rates any further. Australia’s annual consumer inflation came in at 3.8% in the year to June. While this shows sticky services inflation pressures, Australian share prices gained comfort that the inflation result wasn’t beyond the Reserve Bank’s tolerance. There were disappointing returns from the resources sector given China growth concerns as well as a weak utilities sector in July.
Australia economy is a mix of mild positives and sharp negatives. Solid employment gains continue to be recorded which is welcome. However, this is being countered by falling new housing approvals and weak retail spending. Hence the ‘cost of living’ crisis continues to trouble many Australian consumers.
Global government bond yields fell sharply given better US inflation results and hopes for lower interest rates later this year. Credit markets spreads have traded in a narrow range given increased appeal of high absolute yields.
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