MySuper Growth Portfolio delivered a strong 9.8% to 30 June 2024
Plum’s MySuper Growth Portfolio—where most of our MySuper members are invested—delivered a strong 9.8% return for the 12 months to 30 June 2024.
Especially strong returns from global shares, which were powered by impressive earnings from a handful of technology stocks, contributed to the MySuper Growth Portfolio’s strong financial year return.
The Portfolio’s alternative credit strategies – loans made by investors to commercial borrowers - also helped to deliver the competitive performance for members.
In this article, Steve Gamerov, Head of Diversified Portfolios at MLC Asset Management digs more deeply into the drivers of performance over the financial year and how the MySuper Growth Portfolio is being positioned for the future.
Members in our ready-made portfolios also enjoyed healthy returns for the financial year ranging from 7.9% for the MLC Conservative Balanced option; a strong 12.2% return for the MLC High Growth option; and a return of 16.1% 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. All returns are net of investment fees and tax considerations and do not include administration fees and costs. For details of relevant fees and costs, refer to the PDS and Investment Menu.
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Returns to 31 July 2024
|
Returns (%) | Annualised Returns (% p.a.) | ||||
| 1 month | 3 months | 1 year | 3 years | 5 years | 10 years | |
MLC MySuper |
||||||
| MySuper Growth Portfolio^ | 1.4% | 3.4% | 9.3% | 5.6% | 6.7% | 7.0% |
| MySuper Conservative Balanced Portfolio | 1.2% | 2.8% | 7.6% | 3.7% | 4.7% | NA |
| MySuper Cash Portfolio | 0.4% | 1.0% | 4.0% | 2.2% | 1.4% | 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 Fee Brochure.
^ MLC MySuper uses a combination of the three investment portfolios (MySuper Growth Portfolio, MySuper Conservative Balanced Portfolio, MySuper Cash Portfolio), 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 the MySuper Growth Portfolio. The MLC 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 the 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).
The information in this communication is general in nature and does not take into account your objectives, financial situation or needs. Because of that, before acting on this information, you should consider its appropriateness, having regard to your objectives, financial situation and needs, plus consider the relevant Product Disclosure Statement (PDS). You can obtain a copy of the PDS (or other disclosure documents) and the Target Market Determination by searching the applicable product at plum.com.au or by calling us on 1300 55 7586. We recommend you obtain financial advice tailored to your own personal circumstances. Subject to super law, the final authority on any issue relating to your account is the Fund’s Trust Deed, and any applicable participation agreement and insurance policy, which govern your rights and obligations as a member. You can find more information on the MLC Super Fund, the Trustee and executive remuneration, and other Fund documents at mlc.com.au/yoursuperfund.
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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