MLC MasterKey Super Fundamentals Review

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Returns to September 30 2021

Investment Option 1 Year 3 Year 5 Year
MLC Horizon 2 Capital Stable Portfolio 8.20% 3.90% 4.10%
Median 7.40% 4.60% 4.70%
MLC Horizon 2 Capital Stable Portfolio VS Median 0.80% -0.70% -0.60%
MLC Horizon 3 Conservative Growth Portfolio 13.50% 5.90% 6.10%
Median 12.80% 6.30% 6.60%
MLC Horizon 3 Conservative Growth Portfolio VS Median 0.70% -0.40% -0.50%
MLC Horizon 4 Balanced 20.10% 8.10% 8.40%
Median 17.80% 7.90% 8.60%
MLC Horizon 4 Balanced VS Median 2.30% 0.20% -0.20%
MLC Horizon 5 Growth Portfolio 24.30% 9.10% 9.50%
Median 22.10% 9.30% 10.10%
MLC Horizon 5 Growth Portfolio VS Median 2.20% -0.20% -0.60%

Fees*

Investment Option Flat Fee Percentage Based Fee Fee Based on 50k
MLC Horizon 2 Capital Stable Portfolio - 1.16% $580
MLC Horizon 3 Conservative Growth Portfolio - 1.32% $660
MLC Horizon 4 Balanced - 1.53% $765
MLC Horizon 5 Growth Portfolio - 1.55% $775

Asset Allocation

*These fees are based on a balance of $50,000. An additional $1.50 per-week administration fee applies for balances below $50,000

Investment Rating

Morningstar

'Top 10.0%'
4/5

Insurance Rating

0 /100
OmniLife

Fund Information

ABN: 70 732 426 024

USI: 70732426024101

Address: PO Box 200, North Sydney, NSW 2059

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About MLC Masterkey Super Fundamentals

MLC Masterkey Super Fundamentals is a retail super fund.

MLC Masterkey Super Fundamentals’ Conservative Growth investment option performance over 5 years was below the median fund and the fees are above the median for funds on Review My Super within the same risk profile.

MLC Masterkey Super Fundamentals offers life, TPD and income protection insurance.
Omnilife have given MLC an overall insurance rating of 69/100. However, ratings vary depending on the individual insured’s circumstances.

When Reviewing Super funds it’s a good idea to learn more about choosing a super fund. Consider the following:

Firstly, are you invested in the right risk profile? This is essentially the amount of risk you’re willing to take to achieve your desired investment return. High Growth investments will achieve the highest returns over the long run, and also carry the highest risk of loss in any one year. 

Secondly, what to do about the insurance in your super? Most funds will come with a default amount of insurance cover for instance. For some people this will be very insufficient and for others it will be too much, for example. Therefore, tailoring your cover to your own circumstances is key.

Thirdly, what are the different ways you can contribute to super? Understanding contributions like salary sacrifice and the government co-contribution can help you make the most of your super.

Fourthly, and most importantly, make sure you review MLC Masterkey against other super funds under the ‘Fund Profiles’ tab and check out the top super funds, to see who the leaders are.

In addition, If you would like to speak to someone for some guidance when reviewing your super, then please fill in the ‘Speak To An Advisor’ form above and an advisor will be in touch to see how they can assist you.

In conclusion, understanding the key elements of super, conducting the appropriate research and seeking the best advice will help with choosing the best fund.

Frequently Asked Questions

Yes, MLC MasterKey Super Fundamentals is an APRA fund.

No, MLC MasterKey Super Fundamentals is not a self-managed super fund. It is regulated by APRA.

No, MLC Masterkey Super is a retail fund.

Yes, anyone can join MLC Masterkey Super.

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