We made changes to the profiles of some investment options on 1 October 2024. Click on the investment options below to see what changes were made to each option. For the full details of each investment option, please view the Investment Menu in the Product Disclosure Statement.
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Strategic Asset Allocation (SAA) and growth/defensive split changes
We made changes to the SAA and Growth/Defensive split on 1 October 2024. All changes are bolded with the previous values in brackets.
Asset Classes
MySuper Growth (%)
MySuper Conservative Balanced (%)
Australian Shares
26 17Global Shares
29 19Private Equity
5 4Property 8 6 Infrastructure 7 5 Alternatives 2 (3) 1 (2) Fixed income – credit 12 (11) 11 (10) Fixed income – diversified 6 24 Cash 5 13 Growth 79 55 Defensive 21 45
Impact of the MySuper Growth and MySuper Conservative Balanced SAA changes on the MySuper age-based SAAs.MLC MySuper provides a mix of growth and defensive assets that change depending on your age. This is done by combining the MySuper Growth, MySuper Conservative Balanced and MySuper Cash portfolios. As a result of SAA changes in the underlying portfolios, there have been some minor changes to the SAAs and Defensive/Growth splits at the MLC MySuper age level.
The table below summarises the changes. All changes are bolded with the previous values in brackets.
Asset Classes
Under 55
At age 55
At age 56
At age 57
At age 58
At age 59 At age 60 At age 61 At age 62 At age 63 At age 64 At age 65 and over Australian Shares 26 26 26 25 25 25 24 24 24 23 23 22 Global Shares 29 29 28 28 27 27 27 27 27 26 25 24 Private Equity 5 5 5 5 5 5 5 5 5 5 4 4 Property 8 8 8 8 8 8 8 8 7 7 7 7 Infrastructure 7 7 7 7 7 7 7 7 6 6 6 6 Alternatives 2 (3) 2 (3) 2 (3) 2 (3) 2 (3) 2 (3) 2 (3) 2 (3) 2 (3) 2 (3) 2 (3) 2 (3) Fixed income – credit 12 (11) 12 (11) 12 (11) 12 (11) 12 (11) 12 (11) 12 (11) 12 (11) 12 (11) 12 (11) 11 (10) 11 (10) Fixed income – diversified 6 6 7 7 8 8 9 9 10 10 10 10 Cash 5 5 5 6 6 6 6 6 7 9 12 14 Growth assets (low and high range) 79 (65 to 95) 79 (65 to 95) 78 (64 to 94) 77 (63 to 93) 77 (62 to 92) 76 (61 to 91) 75 (60 to 90) 74 (59 to 89) 74 (58 to 88) 72 (57 to 86) 70 (55 to 83) 67 (53 to 80) Defensive assets (low and high range) 21 (5 to 35) 21 (5 to 35) 22 (6 to 36) 23 (7 to 37) 23 (8 to 38) 24 (9 to 39) 25 (10 to 40) 26 (11 to 41) 26 (12 to 42) 28 (14 to 43) 30 (17 to 45) 33 (20 to 47)
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Strategic Asset Allocation (SAA) and growth/defensive split change
We made changes to the SAA and Growth/Defensive split on 1 October 2024. All changes are bolded with the previous values in brackets.
Asset Classes
%
Australian Shares
10 Global Shares
12 Private Equity
1 Property 4 Infrastructure 5 Alternatives 1 (2) Fixed income – credit 12 (11) Fixed income – diversified 33 Cash 22 Growth 37 Defensive 63
Change to Standard Risk Measure (SRM)SRM is based on industry guidance and is an estimate of the number of negative annual returns an investment option may experience over any 20-year period. The Standard Risk Measure (SRM) is used to help members compare investment risk across investment options. The change at 1 October 2024 was as follows:
Before 1/10/2024 Effective 1/10/2024 Medium (4)
Estimate of 2 to 3 negative annual returns in any 20 year period
Low to Medium (3)
Estimate of 1 to 2 negative annual returns in any 20 year period
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Strategic Asset Allocation (SAA) and growth/defensive split change
We made changes to the SAA and Growth/Defensive split on 1 October 2024. All changes are bolded with the previous values in brackets.
Asset Classes
% Australian Shares
17 Global Shares
20 (19) Private Equity
4 Property 5 Infrastructure 6 Alternatives 1 (3) Fixed income – credit 11 (10) Fixed income – diversified 22 Cash 14 Growth 56 Defensive 44
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Strategic Asset Allocation (SAA) and growth/defensive split change
We made changes to the SAA and Growth/Defensive split on 1 October 2024. All changes are bolded with the previous values in brackets.
Asset Classes
% Australian Shares
25 Global Shares
29 (28) Private Equity
5 Property 6 Infrastructure 6 Alternatives 1 (3) Fixed income – credit 11 (10) Fixed income – diversified 8 Cash 9 Growth 74 Defensive 26
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Strategic Asset Allocation (SAA) and growth/defensive split change
We made changes to the SAA and Growth/Defensive split on 1 October 2024. All changes are bolded with the previous values in brackets.
Asset Classes
% Australian Shares
32 Global Shares
35 (34) Private Equity
5 Property 6 Infrastructure 5 Alternatives 1 (3) Fixed income – credit 10 (9) Fixed income – diversified 3 Cash 3 Growth 86 Defensive 14
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Strategic Asset Allocation (SAA) and growth/defensive split change
We made changes to the SAA and Growth/Defensive split on 1 October 2024. All changes are bolded with the previous values in brackets.
Asset Classes
% Australian Shares
40 Global Shares
43 (42) Private Equity
6 Property 5 Infrastructure 3 Alternatives 1 (2) Fixed income – credit 0 Fixed income – diversified 0 Cash 2 Growth 96 (95) Defensive 4 (5)
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Strategic Asset Allocation (SAA) and growth/defensive split change
We made changes to the SAA and Growth/Defensive split on 1 October 2024. All changes are bolded with the previous values in brackets.
Asset Classes
% Australian Shares
10 (9) Global Shares
16 (15) Private Equity
4 Property 0 Infrastructure 3 Alternatives 13 (16) Fixed income – credit 16 (15) Fixed income – diversified 28 Cash 10 Growth 50 Defensive 50
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Strategic Asset Allocation (SAA) and growth/defensive split change
We made changes to the SAA and Growth/Defensive split on 1 October 2024. All changes are bolded with the previous values in brackets.
Asset Classes
% Australian Shares
18 Global Shares
30 (26) Private Equity
7 Property 0 Infrastructure 2 (0) Alternatives 13 (21) Fixed income – credit 16 Fixed income – diversified 9 (7) Cash 5 Growth 74 (75) Defensive 26 (25)
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Change to Standard Risk Measure (SRM)
SRM is based on industry guidance and is an estimate of the number of negative annual returns an investment option may experience over any 20-year period. The Standard Risk Measure (SRM) is used to help members compare investment risk across investment options. The change at 1 October 2024 was as follows:
Before 1/10/2024 Effective 1/10/2024 Medium to High (5)
Estimate of 3 to 4 negative annual returns in any 20 year period
High (6)
Estimate of 4 to 6 negative annual returns in any 20 year period
-
Strategic Asset Allocation (SAA) and growth/defensive split change
We made changes to the SAA and Growth/Defensive split on 1 October 2024. All changes are bolded with the previous values in brackets.
Asset Classes
% Australian Shares
27 Global Shares
38 (37) Private Equity
0 Property 4 Infrastructure 3 Alternatives 2 (3) Fixed income – credit 0 Fixed income – diversified 17 Cash 9 Growth 72 (71) Defensive 28 (29)
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Strategic Asset Allocation (SAA) and growth/defensive split change
We made changes to the SAA and Growth/Defensive split on 1 October 2024. All changes are bolded with the previous values in brackets.
Asset Classes
% Australian Shares
34 Global Shares
45 (44) Private Equity
0 Property 4 Infrastructure 3 Alternatives 2 (3) Fixed income – credit 0 Fixed income – diversified 9 Cash 3 Growth 85 Defensive 15
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Investment benchmark change
Investment benchmarks are used to compare the performance of our investment options against a publicly available measure or standard.
The table below outlines the changes we made on 1 October 2024.
Before 1 October 2024 From 1 October 2024 50% Bloomberg AusBond Composite 0+ Yr. Index:
50% Bloomberg
Barclays Global Aggregate Total
Return Index (Hedged into Australian dollars)50% Bloomberg AusBond Composite 0+ Yr Index:
50% Bloomberg Global Aggregate Index (hedged to AUD)
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Investment benchmark change
Investment benchmarks are used to compare the performance of our investment options against a publicly available measure or standard.
The table below outlines the changes we made on 1 October 2024.
Before 1 October 2024 From 1 October 2024 FTSE EPRA Nareit Developed Index (net dividends reinvested, hedged into Australian dollars). FTSE EPRA Nareit Developed ex Aus Rental 100% Hedged to AUD Net Tax (Super) Index.
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Change to the minimum suggested time to invest
The minimum suggested time to invest has changed. The table below outlines the changes we made on 1 October 2024.
Before 1 October 2024
From 1 October 2024 7 years
10 years
Change to Standard Risk Measure (SRM)SRM is based on industry guidance and is an estimate of the number of negative annual returns an investment option may experience over any 20-year period. The Standard Risk Measure (SRM) is used to help members compare investment risk across investment options. The change at 1 October 2024 was as follows:
Before 1/10/2024 Effective 1/10/2024 High (6)
Estimate of 4 to 6 negative annual returns in any 20 year period
Very High (7)
Estimate of 6 or more negative annual returns in any 20 year period
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Change to the minimum suggested time to invest
The minimum suggested time to invest has changed. The table below outlines the changes we made on 1 October 2024.
Before 1 October 2024
From 1 October 2024 7 years
10 years
Change to Standard Risk Measure (SRM)SRM is based on industry guidance and is an estimate of the number of negative annual returns an investment option may experience over any 20-year period. The Standard Risk Measure (SRM) is used to help members compare investment risk across investment options. The change at 1 October 2024 was as follows:
Before 1/10/2024 Effective 1/10/2024 High (6)
Estimate of 4 to 6 negative annual returns in any 20 year period
Very High (7)
Estimate of 6 or more negative annual returns in any 20 year period
-
Change to the minimum suggested time to invest
The minimum suggested time to invest has changed. The table below outlines the changes we made on 1 October 2024.
Before 1 October 2024
From 1 October 2024 7 years
10 years
Change to Standard Risk Measure (SRM)SRM is based on industry guidance and is an estimate of the number of negative annual returns an investment option may experience over any 20-year period. The Standard Risk Measure (SRM) is used to help members compare investment risk across investment options. The change at 1 October 2024 was as follows:
Before 1/10/2024 Effective 1/10/2024 High (6)
Estimate of 4 to 6 negative annual returns in any 20 year period
Very High (7)
Estimate of 6 or more negative annual returns in any 20 year period
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Investment benchmark change
Investment benchmarks are used to compare the performance of our investment options against a publicly available measure or standard.
The table below outlines the changes we made on 1 October 2024.
Before 1 October 2024
From 1 October 2024
MSCI All Country World Index (net dividends reinvested) in Australian dollars.
MSCI All Country World Ex-Australia Index with Special Tax (unhedged) in Australian dollars. Change to the minimum suggested time to invest
The minimum suggested time to invest has changed. The table below outlines the changes we made on 1 October 2024.
Before 1 October 2024
From 1 October 2024
7 years 10 years
Change to Standard Risk Measure (SRM)
SRM is based on industry guidance and is an estimate of the number of negative annual returns an investment option may experience over any 20-year period. The Standard Risk Measure (SRM) is used to help members compare investment risk across investment options. The change at 1 October 2024 was as follows:
Before 1/10/2024
Effective 1/10/2024
High (6)
Estimate of 4 to 6 negative annual returns in any 20 year period
Very High (7)
Estimate of 6 or more negative annual returns in any 20 year period
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Investment benchmark change
Investment benchmarks are used to compare the performance of our investment options against a publicly available measure or standard.
The table below outlines the changes we made on 1 October 2024.
Before 1 October 2024
From 1 October 2024
MSCI World (ex-Australia) Index (net dividends reinvested), in Australian dollars.
MSCI World (ex-Australia) with Special Tax (unhedged in AUD). Change to the minimum suggested time to invest
The minimum suggested time to invest has changed. The table below outlines the changes we made on 1 October 2024.
Before 1 October 2024
From 1 October 2024
7 years 10 years
Change to Standard Risk Measure (SRM)
SRM is based on industry guidance and is an estimate of the number of negative annual returns an investment option may experience over any 20-year period. The Standard Risk Measure (SRM) is used to help members compare investment risk across investment options. The change at 1 October 2024 was as follows:
Before 1/10/2024
Effective 1/10/2024
High (6)
Estimate of 4 to 6 negative annual returns in any 20 year period
Very High (7)
Estimate of 6 or more negative annual returns in any 20 year period
-
Investment benchmark change
Investment benchmarks are used to compare the performance of our investment options against a publicly available measure or standard.
The table below outlines the changes we made on 1 October 2024.
Before 1 October 2024
From 1 October 2024
MSCI World (ex-Australia) Index (net dividends reinvested), hedged into Australian dollars.
MSCI World (ex-Australia) with Special Tax (100% hedged to AUD). Change to the minimum suggested time to invest
The minimum suggested time to invest has changed. The table below outlines the changes we made on 1 October 2024.
Before 1 October 2024
From 1 October 2024
7 years 10 years
Change to Standard Risk Measure (SRM)
SRM is based on industry guidance and is an estimate of the number of negative annual returns an investment option may experience over any 20-year period. The Standard Risk Measure (SRM) is used to help members compare investment risk across investment options. The change at 1 October 2024 was as follows:
Before 1/10/2024
Effective 1/10/2024
High (6)
Estimate of 4 to 6 negative annual returns in any 20 year period
Very High (7)
Estimate of 6 or more negative annual returns in any 20 year period
* This investment option is closed
^This option is not available in MLC MasterKey Super & Pension Fundamentals
~ This option is not available in MLC MasterKey Term Allocated Pension
