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MLC MasterKey Super Fundamentals

Past 5-year return
7.84%
Admin fee
$78
Calculated Fees on 50k
$813
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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 Horizon 4 - Balanced Portfolio option outperformed the relevant SuperRatings Index over the 10 years to 30 June 2018.Fees are higher than the industry average across all account balances assessed. A dollar based fee is charged on account balances below $50,000; however, the administration fee is reduced on balances over $200,000 and is capped at $2,500 pa. There are no switching fees or exit fees, although a buy-sell spread may apply.MLC MasterKey Super Fundamentals' insurance offering allows eligible members to apply for an unlimited amount of Death cover and up to $5 million of TPD cover. Members can also apply to increase cover following the occurrence of a prescribed Life Event without additional underwriting. Income Protection with a benefit period of 2 years, 5 years or to age 65, covering up to 90% of salary, is available following a 30, 60, 90 or 180 day waiting period. 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.
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Fees & fund features

Admin fee
Admin fee
$78
Administration fee (%)
Administration fee (%)
0.31%
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 (%)
0.31%
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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Past 5-year return
Admin fee
Calculated Fees on 50k
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