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 | 1.15% | 3.77% | 1.79% | 8.52% | 5.83% | - | |
| Benchmark | 0.90% | 4.10% | 1.48% | 8.97% | 5.57% | - |
Calendar Performance
| 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 | ||
|---|---|---|---|---|---|---|
| Fund | 8.74% | 9.93% | -5.41% | 10.34% | - | |
| Benchmark | 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 28/2/2025
| Australian shares | 18.86% | |
| Global Shares | 9.75% | |
| Global property | 2.33% | |
| Infrastructure | 2.04% | |
| Australian fixed interest | 24.58% | |
| Global fixed interest | 19.27% | |
| Cash and short-term securities | 3.68% | |
| Alternative - growth | 5.16% | |
| Alternative - defensive | 5.16% | |
| Global shares (hedged) | 9.17% |
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 28/2/2025
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 negative return for February despite Australian, European and US share markets briefly reaching historic highs during the month. The optimism on President Trump’s agenda for lower taxes and less regulation reversed sharply with the announcements of increasing tariffs on China from 10% to 20%, implementing a 25% tariff on Canada and Mexico, and introducing a 25% tariff on all steel and aluminum imports.
The Direct Australian shares strategy outperformed the ASX 300 benchmark in February and over 1 year. Medibank Private released a stronger-than-expected 1H 2025 result. This was driven by strong execution, with good customer retention, as well as a favourable claims environment.
The Arrowstreet Global Equity Fund (AUD Hedged) produced 1.12% excess performance for the month, with the quantitative process pivoting and finding positive returns against a negative benchmark.
Flat to falling global and Australian bond yields proved supportive for the portfolio’s diversified fixed income sleeve. Positive absolute performance from all managers was well received and was supported by the portfolio’s tactical exposure to investment grade credit and yield enhancement.
US shares slipped back from historic highs in the last week of February with President Trump intensifying tariffs and escalating the trade wars. President Trump signalled an intention to implement a 25% tariff on automobile, semiconductor and pharmaceutical imports which would also dramatically impact global trade relationships. US economic data was also softer, with weak results for January’s retail sales and consumer sentiment. European shares provided a positive surprise with strong gains in February. Expectations for the European Central Bank to continue cutting interest rates proved very supportive. Chinese shares made very strong gains, with improved credit growth and the national government’s announcement of more capital for banks. This comes despite concerns over China’s weak property sector and the new US President’s tariff agenda.
Australian shares fell sharply after briefly making historic highs in February with the Reserve Bank of Australia lowering interest rates. Leading the slide was the information technology sector (-12.6%). There were also pronounced falls in healthcare, real estate, energy and financial sector shares with investors becoming more cautious. Australia’s economic data continues to be mixed. There was positive news with strong jobs growth and the monthly inflation indicator showing steady annual inflation at 2.5% in January. However, both consumer spending and sentiment remain subdued.
Global government bond yields were buffeted by President Trump’s tariff agenda and varying assessments of inflation risks. The downside risks to global growth prospects from higher tariffs dominated bond markets with notable exceptions being China & Japan which actually saw rising bond yields. Credit markets spreads remain narrow as the attraction of high absolute yields is still mitigating concerns over global political risks.
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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