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MLC MySuper investment performance update

Strong, double-digit 13.1% return for MLC MySuper Growth Portfolio for 12-months to 30 September 2024

MLC’s MySuper Growth Portfolio – where the majority of our MySuper members are invested – delivered a strong, double-digit 13.1% return for the 12-months to 30 September 2024.

Listed shares were the largest contributor to the Portfolio’s strong performance over this period. A combination of resilient economic growth, stronger than expected corporate earnings and major central bank interest rate cuts combined to push share markets higher.

The 3 and 5-year returns for the MySuper Growth Portfolio also remain healthy, delivering 5.8% and 7.1% per annum to 30 September 2024, respectively.

Steve Gamerov, Head of Diversified Portfolios at MLC Asset Management noted, “The strong 13.1% return for the 12-months to 30 September 2024 is great news for members in our MySuper Growth Portfolio. And, as market conditions evolve, we’re well prepared to capitalise on investment opportunities ahead.

Investment markets fluctuate over time however, that’s why we remain focused on delivering positive returns for members over longer periods than just one year. By constructing portfolios comprising a diverse array of asset classes, investment styles, and geographic exposures, we give our members the best chance of achieving strong, long-term performance.”

The Portfolio’s exposure to unlisted assets – investments in companies and businesses not listed on share markets – continue to provide the MySuper Growth Portfolio with valuable sources of diversification while contributing to longer-term performance.

The Portfolio’s unlisted real estate investments are currently weighted towards the industrials sector, with a focus on businesses benefiting from the economic digitisation trend. Fibre networks and telecommunications towers, as well as investments in electricity transmission lines and distribution networks, feature among the Portfolio’s infrastructure investments. Exposure to these high growth areas within the real estate and infrastructure sectors have helped drive strong returns for members.

Members in our ready-made portfolios also enjoyed strong returns for the 12-months ending 30 September 2024, ranging from 8.8% for the MLC Stable option; a strong 16.9% return for the MLC High Growth option; and a return of 23.1% for the MLC Aggressive option. Compare the performance of our different investment options here.

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. 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.

Key stats and facts: MySuper Performance Update

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Latest investment returns to 31 October 2024

 

MLC MySuper
Returns (%)
Annualised Returns (% p.a.)
1 month 3 months 1 year 3 years 5 years 10 years
MySuper Growth Portfolio^ 0.8% 2.8% 15.7% 5.9% 7.1% 7.1%
MySuper Conservative Balanced Portfolio 0.3% 2.1% 12.2% 4.1% 5.0% NA
MySuper Cash Portfolio
0.3% 1.0% 4.0% 2.5% 1.6% 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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