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Important updates

MLC MasterKey Unit Trust updates to buy-sell spread.

What’s changing?

From 30 September 2017, we’re updating the transaction costs of selected investment options within MLC MasterKey Unit Trust, and available through MLC MasterKey Investment Service.

These changes will be reflected in the new MLC MasterKey Unit Trust Product Disclosure Statement (PDS) available from 30 September 2017 on mlc.com.au

Why we’re making these changes?

The buy-sell spread is a fee to recover transaction costs incurred by the trustee in relation to the sale and purchase of assets. We regularly review the buy-sell spreads to ensure that the recovery closely represents the actual cost incurred by the underlying investment options. These changes reflect the cost of buying and selling more accurately.

What are the changes?

There are 10 changes to the transaction costs across the following investment options in MLC MasterKey Unit Trust, and available through MasterKey Investment Service:

Investment Option

Current buy-sell spread

New buy-sell spread

MLC Horizon 4 Balanced Portfolio

0.10%/0.10%

0.10%/0.05%

MLC Horizon 7 Accelerated Growth Portfolio

0.15%/0.15%

0.15%/0.10%

MLC Global Share Fund

0.10%/0.10%

0.15%/0.10%

MLC Global Share Value Style Fund

0.10%/0.10%

0.15%/0.05%

MLC IncomeBuilder

0.15%/0.15%

0.20%/0.20%

MLC Property Securities Fund

0.15%/0.15%

0.10%/0.10%

National Australia Balanced Fund (entry fee and nil entry fee option)

0.20%/Nil

0.15%/Nil

National Australia Dividend Imputation Fund (entry fee and nil entry fee option)

0.15%/0.20%

0.15%/0.15%

National Australia Monthly Income Fund (entry fee and nil entry fee option)

0.20%/Nil

0.15%/Nil

National Australia Property Fund

0.45%/Nil

0.25%/Nil


What do I need to do?

You don’t need to take any action.

We're here to help

If you have questions, please speak to your financial adviser or call us on 132 652 between 8am and 6pm AEST, Monday to Friday.