$375
$786


Pros and Cons
Pros and Cons
- No information was provided by the fund to SuperRatings. For available information refer to the fund's PDS.
Summary
MLC Wrap Super Series 2 is part of the MLC Superannuation Fund and is a full-service wrap platform. Established in 2014, MLC Wrap Super Series 2 is only available through a licensed financial adviser or authorised representative, with a minimum initial investment of $20,000 required to commence membership. Members have access to an extensive investment choice menu, including over 300 managed investments, ASX listed investments, a variety of term deposits and a Separately Managed Account (SMA) providing access to a range of direct share portfolios. Past performance of the fund is not readily available and therefore cannot be accurately measured against the relevant SuperRatings indices. Fees are lower than the industry average across medium and large balances assessed, with a reduced administration fee applied to account balances over $200,000. The fund does not charge an investment switching fee, although a buy/sell spread may apply.MLC Wrap Super Series 2 offers an excellent level of flexibility with members able to select from monthly, quarterly, half-yearly and yearly payment frequencies. Members with more than one investment option can nominate the proportion, of each specified option, in which payments are to be drawn from. Beneficiary options are comprehensive, including non-lapsing binding and non-binding death benefit nominations, as well as reversionary pensions and child pensions. Members and their adviser can track investments and access comprehensive reports online, while online trading is also available to advisers. Additionally, members have access to an automatic re-weighting facility which allows for eligible investment options to be re-weighted on a quarterly, half yearly or yearly basis.
Features and Fees
MLC Fees and Features
Pros and Cons
- No information was provided by the fund to SuperRatings. For available information refer to the fund's PDS.
MLC Wrap Super Series 2 is part of the MLC Superannuation Fund and is a full-service wrap platform. Established in 2014, MLC Wrap Super Series 2 is only available through a licensed financial adviser or authorised representative, with a minimum initial investment of $20,000 required to commence membership. Members have access to an extensive investment choice menu, including over 300 managed investments, ASX listed investments, a variety of term deposits and a Separately Managed Account (SMA) providing access to a range of direct share portfolios. Past performance of the fund is not readily available and therefore cannot be accurately measured against the relevant SuperRatings indices. Fees are lower than the industry average across medium and large balances assessed, with a reduced administration fee applied to account balances over $200,000. The fund does not charge an investment switching fee, although a buy/sell spread may apply.MLC Wrap Super Series 2 offers an excellent level of flexibility with members able to select from monthly, quarterly, half-yearly and yearly payment frequencies. Members with more than one investment option can nominate the proportion, of each specified option, in which payments are to be drawn from. Beneficiary options are comprehensive, including non-lapsing binding and non-binding death benefit nominations, as well as reversionary pensions and child pensions. Members and their adviser can track investments and access comprehensive reports online, while online trading is also available to advisers. Additionally, members have access to an automatic re-weighting facility which allows for eligible investment options to be re-weighted on a quarterly, half yearly or yearly basis.
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MLC Fees and Features
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment allocation
Investment option performance
Past 5-year return 5.23% | Admin fee $0 | Company Promoted ![]() | Calc fees on 50k $735 | Features Advisory services Death insurance Income protection Online access Term deposits Variety of options | SuperRatings awards ![]() ![]() | Go to site | Winner of Platinum, 10 Year Platinum Performance, RateCity Gold Awards 2021 More details | Highlighted | |
Product | Past 5-year return 4.96% | Admin fee $0 | Company Promoted ![]() | Calc fees on 50k $620 | Features Advisory services Death insurance Income protection Online access Term deposits Variety of options | SuperRatings awards ![]() | Go to site | Winner of Platinum, RateCity Gold Awards 2021 More details | |
Past 5-year return - | Admin fee $375 | Company Promoted ![]() | Calc fees on 50k $786 | Features Advisory services Death insurance Income protection Online access Term deposits Variety of options | SuperRatings awards ![]() ![]() | Go to site | Winner of MyChoice Silver, Silver, RateCity Gold Awards 2021 More details | ||
Product | Past 5-year return - | Admin fee $375 | Company Promoted ![]() | Calc fees on 50k $786 | Features Advisory services Death insurance Income protection Online access Term deposits Variety of options | SuperRatings awards ![]() ![]() | Go to site | Winner of MyChoice Silver, Silver, RateCity Gold Awards 2021 More details |