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MLC MySuper investment performance update

MySuper Growth Portfolio continues to deliver positive returns 

MLC’s MySuper Growth Portfolio—where the majority of members are invested—delivered a positive 11.3% return for the 12 months to 31 March 2024. This return was comfortably above the inflation rate for the year, meaning we've grown the real value of balances of our members that are fully invested in this fund.

This March quarter represents the first true 5-year return under the current MySuper strategy.

The MySuper Growth Portfolio has returned 7.3% per annum for the five years to 31 March 2024.

What contributed to positive returns

The March quarter delivered positive returns which contributed to the healthy 11.3% performance for the MySuper Growth Portfolio over the full year.

Over the year, alternative strategies performed strongly. As alternative strategies have different patterns of return from those provided by share markets, they represent a valuable source of diversification for the MySuper Growth strategy.

Our extended credit strategy has done particularly well. Equities were also a big driver, with both our Australian and international share investments performing strongly.

Another area that performed well for our members is private credit. As the traditional banking sector has reduced its lending to some areas, in part due to regulatory requirements, private credit markets have stepped in to partially fill the void.

Fixed income returns were broadly positive, with our active portfolio able to outperform the market. We took advantage of higher yields in fixed income assets, and we continue to see attractive opportunities in these markets.

Performance Disclaimer:

Past performance is not a reliable indicator of future performance. The value of an investment may rise or fall with the changes in the market. All returns are net of investment fees and tax considerations and do not include administration fees and costs. For details of relevant fees and costs, refer to the PDS and Investment Menu.

Key stats and facts: MySuper Performance Update

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Latest investment returns to 30 April 2024

 

MLC MySuper
Returns (%)
Annualised Returns (% p.a.)
1 month 3 months 1 year 3 years 5 years 10 years
MySuper Growth Portfolio^ -1.3% 2.0% 8.7% 5.8% 6.7% 6.9%
MySuper Conservative Balanced Portfolio -1.0% 1.4% 6.6% 3.7% 4.6% NA
MySuper Cash Portfolio
0.3% 1.0% 3.9% 1.8% 1.3% NA
 

Past performance is not a reliable indicator of future performance. The value of an investment may rise or fall with the changes in the market. The performance returns in this communication are reported after deducting investment fees and tax but are before deducting administration fees and costs. Performance returns are annualised for periods greater than one year. For details of relevant fees and costs, refer to the PDS and Investment Menu.

^ MLC MySuper uses a combination of the three investment portfolios (MySuper Growth, MySuper Conservative Balanced, MySuper Cash), to provide a mix of growth and defensive assets which changes depending on your age. When you’re under age 55 you’ll be 100% invested in MySuper Growth. The MySuper investment strategy changed from a single diversified to a lifecycle strategy on 22 March 2019. The returns for the MySuper Growth Portfolio for the period before 2019 are based on the previous single diversified investment strategy. The returns for 2019 is based on return achieved from 1 July 2018 to 22 March 2019 with the single diversified strategy, and the return achieved from 23 March 2019 to 30 June 2019 with the lifecycle investment strategy. The return for periods of 10-years is based on return on the MySuper product over that period which had different investment strategies.

Important information

This information is provided on behalf of MLC Investments Limited ABN 30 002 641 661 AFSL 230705)("MLCI") as responsible entity of a series of MLC managed investment schemes and NULIS Nominees (Australia) Limited ABN 80 008 515 633 AFSL 236465 (NULIS) as Trustee of the MLC Super Fund ABN 70 732 426 024. MLCI and NULIS are part of the Insignia Financial Group of Companies, comprising Insignia Financial Ltd ABN 49 100 103 722 and its related bodies corporate (Insignia Financial Group).

This information is general in nature and has been prepared without taking account of an investor's objectives, financial situation or needs. Because of that, investors should consider obtaining independent advice before making any financial decisions based on this information.

Investors should obtain the relevant Product Disclosure Statement before making any decision about whether to acquire or continue to hold the product. A copy of the Product Disclosure Statement or other disclosure document is available on mlc.com.au or plum.com.au.

Past performance is not a reliable indicator of future performance. The value of an investment may rise or fall with the changes in the market.

Any opinions expressed in this presentation constitute our judgement at the time of issue and are subject to change. MLCI and NULIS believe that the information contained in this communication is correct and that any estimates, opinions, conclusions or recommendations are reasonably held or made at the time of compilation. However, no warranty is made as to their accuracy or reliability (which may change without notice) or other information contained in this presentation. Any projection or forward looking statement ('Projection') in this communication is provided for information purposes only. No representation is made as to the accuracy or reasonableness of any such Projection or that it will be met. Actual events may vary materially.

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