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MLC MasterKey Super

Past 5-year return
7.84%
Admin fee
$78
Calculated Fees on 50k
$1,263
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Fund manager rebates are passed onto the clients.
Rebates apply for large account balances.
Rebalancing of funds happens on an as needed basis, not at set times.
Non - Lapsing Binding death benefit.
Income Protection Benefit within super paid to age 65.
MLC MasterKey Super is part of the MLC Super Fund and suits members who are looking for a high level of service, flexibility and investment choice. This product closed to new investors effective 1 July 2014.Members have access to a comprehensive investment menu, comprising both Diversified and Single Sector options, as well as managed investments across a range of asset classes. The Horizon 4 - Balanced Portfolio option outperformed the relevant SuperRatings Index over the 10 years to the 30 June 2018.Fees are higher than the industry average across all account balances assessed; however the fund provides rebates of the management fee for combined accounts over $200,000 of members and any eligible linked investors. No investment switching or exit fees are charged, however, buy/sell spreads may apply.Members have access to a full suite of insurance cover which is available through MLC Insurance (Super), including Life Cover, Accidental Death and Income Protection. Premiums are tailored on an individual basis, and we are therefore unable to provide an accurate assessment at this time. The fund offers a range of additional benefits to its members, including access to financial advice, investor educational material, 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.
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Fees & fund features

Admin fee
Admin fee
$78
Administration fee (%)
Administration fee (%)
1.21%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.46%
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
$78
Administration fee (%)
Administration fee (%)
1.21%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.46%
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
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