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MLC MasterKey Super Fundamentals

Past 5-year return
10.10%
Admin fee
$0
Calculated Fees on 50k
$805
Fund manager rebates are passed onto the clients.
No commission paid to advisers.
Rebates apply to large account balances.
Rebalancing of funds happens on a need basis, not set times.
Non - Lapsing Binding death benefits.
MLC MasterKey Super Fundamentals was established in 2006 and is designed specifically for investors seeking a flexible savings plan, in a tax-effective environment with access to a pension at retirement.Members have access to a comprehensive investment menu, comprising of both Diversified and Single Sector options, as well as managed investments across a range of asset classes. A range of term deposits are also available. The MLC Horizon 4 - Balanced Portfolio underperformed the SuperRatings Index over the year to 30 June 2017, although outperformance over the longer term remains evident.Fees are higher than the industry average across medium and large account balances assessed. A dollar based fee is charged on account balances below $50,000; however, a reduced administration fee on account balances over $200,000 applies, with the administration fee capped at $2,500. No investment switching or exit fees are charged, however, buy/sell spreads may apply.The fund provides a full suite of insurance cover, including unlimited Death Only cover and Total & Permanent Disablement (TPD) cover up to a maximum of $5 million. Income Protection (IP) offers benefit payment periods of either 2 years, 5 years or to age 65, with a choice of 4 waiting periods. Upon joining the fund, eligible members can select from three levels of MLC Lifestage insurance. The fund offers a range of additional benefits to its members, including access to financial advice, investor educational materials, regular newsletters and online access, allowing members to view and updated account details online, as well as perform transactions. Additionally, Work Life NAB offers access to a variety of offers and discounts on lifestyle and financial products and services.

Fees & fund features

Admin fee
Admin fee
$0
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.70%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Admin fee
Admin fee
$0
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.70%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment allocation
Investment option performance
+ View additional option performance information
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