MLC Premium Balanced 70
To deliver CPI +3% over 5+ 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 high level of risk of capital loss 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 | -0.45% | 5.01% | 5.01% | 10.17% | 4.18% | - | |
| Benchmark | -0.56% | 5.36% | 5.36% | 10.11% | 3.90% | - |
| 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 | 31/12/2019 | ||
|---|---|---|---|---|---|---|
| Fund | 11.70% | -7.43% | 15.17% | - | - | |
| Benchmark | 10.86% | -7.79% | 14.13% | - | - |
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 | 24.61% | |
| Property | 3.86% | |
| Australian fixed interest | 13.17% | |
| Global fixed interest | 13.58% | |
| Cash and short-term securities | 3.67% | |
| Alternative - growth | 8.10% | |
| Alternative - defensive | 3.47% | |
| Global shares (unhedged) | 14.94% | |
| Global shares (hedged) | 14.59% |
| Asset class | Asset range |
|---|---|
| Cash | 2-15% |
| Fixed Interest | 5-40% |
| Alternatives | 0-20% |
| Australian Shares | 20-50% |
| Global Shares | 10-50% |
| 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 slightly negative return for the June quarter. Global shares (hedged) recorded a strong 3.2% return for the past three months. However, the revival in the Australian dollar has limited global shares (unhedged) returns to a more modest 0.5% for the quarter. The best performing fund over the quarter was the Resolution Capital Global Property Securities Fund, outperforming its corresponding benchmark by 0.9%.
Wall Street’s benchmark S&P 500 Index made historic highs and delivered a strong 4.2% quarterly return in local currency terms with the exuberant optimism on AI and technology shares. European shares have delivered negative returns in local currency terms. Asian share markets have delivered solid performances. Chinese share markets have made a modest recovery (China MSCI 7% return in local currency) with hopes that increased government support can stabilise the weak property sector. Japanese share markets continue to deliver strong returns with a 1.8% gain for the quarter (Japan MSCI return in local currency).
Australian shares delivered a negative quarterly return of -1.2%. The Energy sector was the weakest performer (-6.7%) given significant declines in the key stocks of Ampol and Woodside. There was also sharp weakness in the Materials resources sector (-5.9%) as concerns over China’s growth prospects undermined iron ore prices. Property securities also recorded a markedly negative return (-5.7%) given concerns over valuations and potentially ‘higher for longer’ interest rates. In a welcome contrast that helped mitigate the downside for Australian shares, Financial sector shares (including the banks) made very strong returns of 4% for the quarter. The Information Technology sector (2.4%) also made strong gains on AI optimism.
Australia’s economy continues to display subdued economic activity with sluggish consumer spending and weak housing construction. Though the impacts are being felt unevenly across individuals, the negative impacts of high consumer prices, mortgage interest rates and rents continue to squeeze many household budgets. There is also concern that inflation is now proving sticky and stubborn with May’s 4% annual increase being higher than expected. This could see the RBA maintain interest rates at current high levels for an extended period, meaning very little if any respite in cost-of-living pressures.
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