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Our investment evolution

Building investment strategies
for the future


Who we are

Our evolution and investment philosophy

For decades, our investment experts have been designing portfolios using a multi-manager approach, to help investors achieve their goals. MLC Asset Management’s investment team pioneered the multi-manager investment model in Australia over 35 years ago and IOOF’s team has received numerous industry awards for their multi-manager expertise.

In recent years we have brought together the investment teams of IOOF, MLC and ANZ Pensions and Investments, increasing the depth and breadth of investment experience, knowledge and resources working for our clients and magnifying our expertise in multi-manager investing.

An investment journey consolidating the best ideas

Our unified team has had a long association with creating and managing multi-manager portfolios for investors and draws on the very best of our individual corporate heritages, honed over multiple investment cycles. We have created an investment capability of significant depth and breadth in the industry – leveraging a powerful common engine room working for the benefit of our clients.

A combined history providing client benefits

The first phase in our evolution saw the different investment teams consolidate under the leadership of Dan Farmer, Chief Investment Officer, and under the brand of MLC Asset Management. Find out more opens in new window about Dan and his team.

By coming together, we increased our capabilities, size and scale to pursue greater client benefits including:

  • even greater influence to access sophisticated alternative investment strategies and sought-after private assets that can provide new sources of returns for investors
  • the sway to drive managers to deliver bespoke investment solutions for our portfolios and investors
  • enhanced research capability to find and engage with the best managers around the world to drive returns for investors.

Our second phase has been one of deep consideration of our best ideas and the evolution of our combined investment philosophy. These beliefs guide our decision making and are central to how we construct our portfolios and bring the best of our investment thinking to our clients.

We believe:

  • a great culture is the foundation for great investing
  • active management adds value
  • skilful diversification delivers over the long-term
  • intelligent risk taking is a must
  • the long-term matters but we remain agile

Our third phase sees us building investment strategies for the future.

It's with this refined approach and focus that we’re building a contemporary range of high conviction, best-in-class, investment strategies.

Pending final implementation approval these investment strategies, offered through existing products issued by our Responsible Entities (RE), will go live on 30 November 2023.

What does this mean for you and your clients?

Partnering with MLC Asset Management means you and your clients can be confident with our long-standing and highly experienced team, united in their focus to deliver optimal risk-adjusted investment returns.

Our contemporary investment offer has a range of options designed to meet different client needs. From cost conscious accumulators, through to retirees looking for greater certainty around retirement and to manage sequencing risk, or those seeking transparency via managed accounts, we have a full investment offer to suit different risk profiles and client needs.

We believe you know your clients best and partnering with us frees you up to provide strategic advice – adding more value as a trusted voice guiding and empowering decision making to support your clients to achieve the lifestyle they want.

By leaving the deep investment thinking to us, you can drive even greater efficiency and scalability in your practice, so that you’re better positioned for business growth.

Key dates for our investment offer

icon-timeline

15 September 2023

  • Announcement - Changes announced to investors (RE Investors Notification).
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21 September 2023

  • Email covering our investment evolution changes.
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September to November

  • We expect platform investor notices will be issued by Platforms advising their clients of upcoming changes. Check with your platform provider for updates.
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10 October 2023

  • Webinar - an in depth look at our investment evolution.
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30 November 20231

  • Changes become effective and the new Product Disclosure Statements (PDSs) are live.

Watch the webinar recording for advisers using MLC funds

Watch the webinar recording for advisers using IOOF funds opens in new window

1 Subject to final implementation approval


What's changing

We have carefully considered and adapted our investment offer

Combining the IOOF and MLC investment teams, philosophy and processes has created an opportunity for us to align and improve investment strategies.

Our goal is to multiply distinct performance benefits for clients by leveraging the best investment thinking and ideas within the portfolios - as part of our continuing pursuit of high performance.

We are looking to drive improvements in both expected investment returns and reduce risk for our clients, both in the short term and longer term.

We’re also aligning across the pricing, branding and naming strategies so that there’s greater consistency across our investment offer.

Building a contemporary range of high conviction, best-in-class, investment strategies

We’re making some changes to the strategic asset allocations and ranges of the portfolios investing across multiple asset classes – within the IOOF MultiMix and MLC Horizon suites. We also plan to make some changes to underlying investments to take advantage of the strongest investment management capabilities available to the combined investment team.

Risk profiles won’t increase because of these updates, but by increasing exposure to certain assets aimed to improve portfolio performance, this may impact the fees and costs. For details, please view the changes guides in the table below.

It’s important to note, regardless of which investment suite your clients are invested in, they will continue to benefit from MLC Asset Management’s collective investment thinking and we’ll continue to service and manage your clients' money in their best interests.

Understanding the offer

For IOOF MultiMix investors, the major changes include providing access to an even broader source of potential returns including global listed infrastructure, unique alternative fixed income assets such as Insurance-Related Investments, MLC Opportunistic Growth Strategy and Extended Credit.

For MLC Horizon investors, the major changes include providing access to direct property, unlisted infrastructure and private debt, designed to provide better outcomes for investors.

As we seek to align these investments, we will continue to focus on optimal manager selection, and efficiently implementing the changes to ensure any transition costs are minimised. We have successfully managed large asset transitions in the past and will continue to do so going forward.

New branding

Going forward the MLC brand will represent products, services and other capabilities across our business. MLC is a well-recognised and trusted brand with a history going back over 130 years. We will adopt the MLC brand for our investment solutions leveraging the unified investment team capabilities sitting in the MLC Asset Management business. The MLC branded investment products will feature on the investment menus of platforms operated by the Insignia Financial Group as well as external platforms. As part of these changes the IOOF brand will only be retained where it's not practical to retire.

We will communicate these brand changes early and carefully implement to minimise disruption. Our goal, as always, is to maintain a strong service experience for you and your clients.

The brand change will not impact our processes, or the services you receive. We’re still the same team and we’ll continue to look after you and your clients.

Changes to fees and costs

We’ve reviewed the portfolios’ management fees to ensure we are fairly and competitively priced in the marketplace, considering the other portfolio changes we are making, the degree of active management that each portfolio requires, and the nature of its underlying assets.

In some portfolios this will mean a marginal increase in management fee, and in other portfolios either a decrease, or no change in the management fee. Where there’s an increase in the management fee, it’s because of changes to the portfolios’ strategic asset allocations and underlying investments, aimed to improve investment returns.

In addition, estimated indirect costs, performance fees and transaction costs may vary or increase for some portfolios. Please refer to the changes guide of the relevant portfolio for detailed information on fees and costs.

We have also reviewed rebates offered to platform operators to pass onto investors in those platforms. Check with your platform provider for updates.

Other changes

Further to the changes mentioned above, we have also reviewed our investment objectives and minimum investment timeframes, asset class classifications and benchmarks for some of the portfolios. For full details please see the changes guides below.

Change information

Click on the changes guides below to view all of the changes effective 30 November 2023.


FAQs

  • For decades, our investment experts have been designing portfolios using a multi-manager approach, to help investors achieve their goals. MLC Asset Management’s investment team pioneered the multi-manager investment model in Australia over 35 years ago and the IOOF team has received numerous industry awards for their multi-manager expertise.

    In recent years we have brought together the investment teams of IOOF, MLC and ANZ Pensions and Investments, increasing the depth and breadth of investment experience, knowledge and resources working for our clients and magnifying our expertise in multi-manager investing.

    We believe:

    • a great culture is the foundation for great investing
    • active management adds value
    • skilful diversification delivers over the long-term
    • intelligent risk taking is a must
    • the long-term matters but we remain agile


    These 5 investment beliefs derive from our long history in this space. Hear more opens in new window from our Chief Investment Officer, Dan Farmer.

  • We are acutely aware of the role of asset allocation to give life to our investment beliefs, and we use multiple, time proven, proprietary insights to build and strengthen our asset allocation processes for the range of investment portfolios we offer.

    The investment team relies on common sets of information to inform asset allocation. This is done by concurrently drawing on three perspectives:

    • Findings that lead to the creation of our long-term Strategic Asset Allocations (SAAs)
    • Cyclical economic analysis and expectations over a shorter time-horizon than for our SAAs
    • Finally, asset class return expectations, which complement our cyclical economic analysis and expectations.


    Together, the cyclical economic analysis and shorter-to-medium term asset class return expectations influence Dynamic Asset Allocation (DAA) by making the case for deviating from long-term SAAs.

    Powerful as these three sources of insights are, they do not, by themselves, determine portfolio positioning. Good investing is as much about good judgment as it is about meaningful data. That being the case, ultimate portfolio positioning leans on the experience and judgement of the portfolio management team under leadership of the Chief Investment Officer.

  • Combining the IOOF and MLC investment teams, philosophy and processes creates an opportunity for us to align and improve investment strategies – as part of our continuing pursuit of high performance.

    This alignment will allow greater investment focus and consistency in our offer, enabling improvements in expected investment returns and reduced risk for our clients, both in the short term and longer term.

    Our aim is to multiply distinct performance benefits for clients by leveraging the best investment thinking and ideas within the portfolios.

    • Naming and branding
    • Updates to investment objectives (including but not limited to some schemes performance objectives moving from a before to an after fees basis) and minimum suggested investment timeframes to align with scheme objectives
    • Asset class standardisation
    • Strategic asset allocations and benchmarks
    • Fees and costs


    Updates include one or more of these changes – in pursuit of more robust risk-return trade-off for clients.

    We will continue to implement efficiently and select leading mangers from around the world.

  • There are no changes to the risk profiles or nature of the funds as a result of these changes and we are committed to offering a range of diversified portfolios to meet the different risk needs of investors.

  • The SAA and portfolio alignment changes will be effective from 30 November 2023.

    We believe in the efficient implementation of investment strategies to ensure any transition costs are minimised in investors' interests.

    To appropriately manage the harmonisation of assets and associated costs between the various investment portfolios, some asset transitions may be gradual over time as disclosed in the existing SAA parameters of the current PDS.

    • MLC will be the brand used to represent products, services and other capabilities across our business.
    • This brand change will not impact our processes or the service advisers receive – we’re still the same united team and we’ll continue to look after you and your clients.
    • MLC is a well-recognised and trusted brand with a history going back over 130 years, so you can be confident recommending our products.
    • We’ll adopt the MLC brand for our investment solutions, leveraging the unified investment team capabilities sitting in the MLC Asset Management business.
    • MLC branded investment solutions that are available via platforms (Insignia Financial owned or external platforms) will feature on the platforms. As part of these changes the IOOF brand will only be retained where it’s not practical to retire.

  • As part of bringing together the investment division of our business under MLC Asset Management, we’ll be communicating to you under the united branding. Therefore, going forward you'll see MLC or MLC Asset Management branded content and invitations from us.

  • Over the past 2 years, we’ve brought together the IOOF and MLC Investment businesses, to provide the best outcomes for our investors.

    • In 2022, the IOOF and MLC investment teams came together under the leadership of MLC Asset Management’s Chief Investment Officer, Dan Farmer.
    • MLC Asset Management is now a single investment team supporting all of our diversified investment offers, leveraging a powerful common engine room supporting decisions which reflect our unified culture and philosophy.
    • The lead portfolio management team can be found here opens in new window.

  • You should engage your licensee regarding whether there is a need to issue advice documentation. We recommend you review the changes proposed and make any determination from there.

  • You don’t need to do anything. Pending final implementation approval, the changes to our investment portfolios will happen over a period of time.

    We recommend you listen to the recording of our webinars which were held on 10th October.

    Webinar recording for advisers using MLC fundsopens in new window

    Webinar recording for advisers using IOOF fundsopens in new window

    We’ll keep you updated and provide a range of tools and resources to support your client conversations.

  • No, there are no requirements for your clients to do anything.

  • Conservative Growth

    Name:
    MLC Index Plus Conservative

    Investment objective -
    before or after fees:
    No change from before fees

    Investment objective -
    time horizon:
    From 3 years to 5 years

    Minimum suggested investment time frame:
    From 4 years to 5 years

    Strategic asset allocation
    Growth / Defensive:
    No change

    Management fee % pa:
    No change

    Balanced

    Name:
    MLC Index Plus Balanced

    Investment objective -
    before or after fees:
    No change from before fees

    Investment objective -
    time horizon:
    From 4 years to 5 years

    Minimum suggested investment time frame:
    No change

    Strategic asset allocation
    Growth / Defensive:
    No change

    Management fee % pa:
    No change

    Growth

    Name:
    MLC Index Plus Growth

    Investment objective -
    before or after fees:
    No change from before fees

    Investment objective -
    time horizon:
    From 5 years to 7 years

    Minimum suggested investment time frame:
    From 6 years to 7 years

    Strategic asset allocation
    Growth / Defensive:
    No change

    Management fee % pa:
    No change

  • Horizon 1

    Name:
    No name change

    Investment objective - 
    before or after fees:
    Change to after fees

    Investment objective - 
    time horizon:
    No change

    Minimum suggested investment time frame:
    No change

    Strategic asset allocation
    Growth / Defensive:
    No change

    Management fee % pa:
    From 0.55 to 0.50

    Platform rebate:
    Nil

    Horizon 2

    Name:
    No name change

    Investment objective - 
    before or after fees:
    Change to after fees

    Investment objective - 
    time horizon:
    No change

    Minimum suggested investment time frame:
    No change

    Strategic asset allocation
    Growth / Defensive:
    No change

    Management fee % pa:
    From 0.75 to 0.70

    Platform rebate:
    Nil

    Horizon 3

    Name:
    No name change

    Investment objective - 
    before or after fees:
    Change to after fees

    Investment objective - 
    time horizon:
    From 3 years to 5 years

    Minimum suggested investment time frame:
    From 4 years to 5 years

    Strategic asset allocation
    Growth / Defensive:
    50 / 50

    Management fee % pa:
    From 0.80 to 0.75

    Platform rebate:
    Nil

    Horizon 4

    Name:
    No name change

    Investment objective - 
    before or after fees:
    Change to after fees

    Investment objective - 
    time horizon:
    From 4 years to 5 years

    Minimum suggested investment time frame:
    No change

    Strategic asset allocation
    Growth / Defensive:
    70 / 30

    Management fee % pa:
    From 0.85 to 0.80

    Platform rebate:
    Nil

    Horizon 5

    Name:
    No name change

    Investment objective - 
    before or after fees:
    Change to after fees

    Investment objective - 
    time horizon:
    From 5 years to 7 years

    Minimum suggested investment time frame:
    From 6 years to 7 years

    Strategic asset allocation
    Growth / Defensive:
    85 / 15

    Management fee % pa:
    From 0.90 to 0.85

    Platform rebate:
    Nil

    Horizon 6

    Name:
    MLC MultiActive High Growth

    Investment objective - 
    before or after fees:
    Change to after fees

    Investment objective - 
    time horizon:
    From 5 years to 7 years

    Minimum suggested investment time frame:
    From 6 years to 7 years

    Strategic asset allocation
    Growth / Defensive:
    97/ 3

    Management fee % pa:
    From 0.95 to 0.90

    Platform rebate:
    Nil

    Horizon 7

    Name:
    MLC MultiActive Geared

    Investment objective - 
    before or after fees:
    Change to after fees

    Investment objective - 
    time horizon:
    From 5 years to 7 years

    Minimum suggested investment time frame:
    No change

    Strategic asset allocation
    Growth / Defensive:
    128 / 2

    Management fee % pa:
    From 1.10 to 1.05

    Platform rebate:
    Nil

    Please note: We also offer rebates to certain platform operators, which have been passed on to investors in those platforms. Such rebates have the effect of reducing the management fee. These arrangements are commercial in nature and are between MLC and the platform operator (and are paid by us out of the management fee we earn).  Along with reviewing the Trusts’ management fees, we have also reviewed these rebate arrangements in place with platform operators. As a result, we have determined to remove the rebates we currently offer from 31 December 2023. This may result in a net cost increase in management fees incurred by some investors who invest in Trusts via the relevant platforms.

  • Conservative^

    Name:
    No change

    Investment objective -
    before or after fees:
    No change from after fees

    Investment objective -
    time horizon:
    No change

    Minimum suggested investment time frame:
    From 3 to 5 years to 3 years

    Strategic asset allocation:
    Change in asset class classification only *

    Management fee % pa:
    No change

    Moderate

    Name:
    MLC Real Return Moderate

    Investment objective -
    before or after fees:
    No change from after fees

    Investment objective -
    time horizon:
    No change

    Minimum suggested investment time frame:
    From 5 to 7 years to 5 years

    Strategic asset allocation:
    Change in asset class classification only *

    Management fee % pa:
    No change

    Assertive

    Name:
    MLC Real Return Assertive

    Investment objective -
    before or after fees:
    No change from after fees

    Investment objective -
    time horizon:
    No change

    Minimum suggested investment time frame:
    From 7 to 10 years to 7 years

    Strategic asset allocation:
    Change in asset class classification only *

    Management fee % pa:
    No change

    * Private equity is part of Alternatives allocation.
    ^ MLC Inflation Plus – Conservative Portfolio.

    Please note: We also offer rebates to certain platform operators, which have been passed on to investors in those platforms. Such rebates have the effect of reducing the management fee. These arrangements are commercial in nature and are between MLC and the platform operator (and are paid by us out of the management fee we earn). Along with reviewing the Trusts’ management fees, we have also reviewed these rebate arrangements in place with platform operators. As a result, we have determined to remove the rebates we currently offer by 31 December 2023. This may result in a net cost increase in management fees incurred by some investors who invest in Trusts via the relevant platforms.

  • Aust Shares

    Name:
    No change

    		 Investment objective -
    before or after fees:
    To after fees

    Investment objective -
    time horizon:
    From 5 years to 7 years

    Minimum suggested investment time frame:
    No change from 7 years

    Asset class:
    No change

    Management fee % pa:
    From 0.78 to 0.73

    Platform rebate:
    Nil

    Aust Shares Index

    Name:
    No change

    Investment objective -
    before or after fees:
    No change

    Investment objective -
    time horizon:
    No change

    Minimum suggested investment time frame:
    No change from 7 years

    Asset class:
    No change

    Management fee % pa:
    From 0.35 to 0.27

    Platform rebate:
    Nil

    IncomeBuilder

    Name:
    No change

    Investment objective -
    before or after fees:
    No change

    Investment objective -
    time horizon:
    No change

    Minimum suggested investment time frame:
    No change from 7 years

    Asset class:
    No change

    Management fee % pa:
    No change

    Platform rebate:
    Nil

    Global Shares

    Name:
    No change

    Investment objective -
    before or after fees:
    To after fees

    Investment objective -
    time horizon:
    From 5 years to 7 years

    Minimum suggested investment time frame:
    No change from 7 years

    Asset class:
    No change

    Management fee % pa:
    From 0.90 to 0.85

    Platform rebate:
    Nil

    Property Securities

    Name:
    No change

    Investment objective -
    before or after fees:
    To after fees

    Investment objective -
    time horizon:
    From 5 years to 7 years

    Minimum suggested investment time frame:
    No change from 7 years

    Asset class:
    No change

    Management fee % pa:
    From 0.68 to 0.62

    Platform rebate:
    Nil

    Global Property

    Name:
    No change

    Investment objective -
    before or after fees:
    To after fees

    Investment objective -
    time horizon:
    From 5 years to 7 years

    Minimum suggested investment time frame:
    No change from 7 years

    Asset class:
    No change

    Management fee % pa:
    Class A: 0.89 to 0.87
    Class B: No change

    Platform rebate:
    Nil

    Diversified Debt

    Name:
    No change

    Investment objective -
    before or after fees:
    To after fees

    Investment objective -
    time horizon:
    No change

    Minimum suggested investment time frame:
    From 3 to 5 years to 3 years

    Asset class:
    No change

    Management fee % pa:
    Class A: 0.60 to 0.50
    Class B: No change

    Platform rebate:
    Nil

    Please note: We also offer rebates to certain platform operators, which have been passed on to investors in those platforms. Such rebates have the effect of reducing the management fee. These arrangements are commercial in nature and are between MLC and the platform operator (and are paid by us out of the management fee we earn).  Along with reviewing the Trusts’ management fees, we have also reviewed these rebate arrangements in place with platform operators. As a result, we have determined to remove the rebates we currently offer from 31 December 2023. Combined with the management fee reduction, this means the net cost in management fees incurred by some investors who invest in the Trusts via the relevant platforms will remain unchanged.

  • The IOOF MultiMix diversified range will become MLC MultiActive with the inclusion of MLC Horizon 6 and 7 added to the suite.

    IOOF MultiMix Capital Stable

    Name:
    MLC MultiActive Capital Stable

    Investment objective -
    before or after fees:
    No change

    Investment objective -
    time horizon:
    No change

    Minimum suggested investment time frame:
    From 1 to 3 years to 3 years

    Strategic asset allocation
    Growth / Defensive:
    15 / 85

    Management fee % pa:
    No change

    IOOF MultiMix Conservative

    Name:
    MLC MultiActive Conservative

    Investment objective -
    before or after fees:
    No change

    Investment objective -
    time horizon:
    No change

    Minimum suggested investment time frame:
    From 3 to 5 years to 3 years

    Strategic asset allocation
    Growth / Defensive:
    30 / 70

    Management fee % pa:
    From 0.69 to 0.70

    IOOF MultiMix Moderate

    Name:
    MLC MultiActive Moderate

    Investment objective -
    before or after fees:
    No change

    Investment objective -
    time horizon:
    No change

    Minimum suggested investment time frame:
    No change

    Strategic asset allocation
    Growth / Defensive:
    50 / 50

    Management fee % pa:
    From 0.74 to 0.75

    IOOF MultiMix Balanced Growth

    Name:
    MLC MultiActive Balanced

    Investment objective -
    before or after fees:
    No change

    Investment objective -
    time horizon:
    No change

    Minimum suggested investment time frame:
    From 5 to 7 years to 5 years

    Strategic asset allocation
    Growth / Defensive:
    70 / 30

    Management fee % pa:
    From 0.84 to 0.80

    IOOF MultiMix Growth

    Name:
    MLC MultiActive Growth

    Investment objective -
    before or after fees:
    No change

    Investment objective -
    time horizon:
    No change

    Minimum suggested investment time frame:
    From 7 to 10 years to 7 years

    Strategic asset allocation
    Growth / Defensive:
    85 / 15

    Management fee % pa:
    From 0.90 to 0.85

    MLC Horizon 6*

    Name:
    MLC MultiActive High Growth

    Investment objective -
    before or after fees:
    Change to after fees

    Investment objective -
    time horizon:
    From 5 years to 7 years

    Minimum suggested investment time frame:
    From 6 to 7 years

    Strategic asset allocation
    Growth / Defensive:
    97 / 3

    Management fee % pa:
    From 0.95 to 0.90

    MLC Horizon 7*

    Name:
    MLC MultiActive Geared

    Investment objective -
    before or after fees:
    Change to after fees

    Investment objective -
    time horizon:
    From 5 years to 7 years

    Minimum suggested investment time frame:
    No change

    Strategic asset allocation
    Growth / Defensive:
    128 / 2

    Management fee % pa:
    From 1.10 to 1.05

    * Please note: in respect of MLC Horizon 6 and MLC Horizon 7 - we also offer rebates to certain platform operators, which have been passed on to investors in those platforms. Such rebates have the effect of reducing the management fee. These arrangements are commercial in nature and are between MLC and the platform operator (and are paid by us out of the management fee we earn). Along with reviewing the Trusts’ management fees, we have also reviewed these rebate arrangements in place with platform operators. As a result, we have determined to remove the rebates we currently offer by 31 December 2023. This may result in a net cost increase in management fees incurred by some investors who invest in Trusts via the relevant platforms.

  •  

    IOOF MultiSeries 30

    Name:
    MLC MultiSeries 30

    Investment objective -
    before or after fees:
    No change from after fees

    Investment objective -
    time horizon:
    No change

    Minimum suggested investment time frame:
    From 3 to 5 years to 3 years

    Strategic asset allocation
    Growth / Defensive:
    No change

    Management fee % pa:
    No change

    IOOF MultiSeries 50

    Name:
    MLC MultiSeries 50

    Investment objective -
    before or after fees:
    No change from after fees

    Investment objective -
    time horizon:
    No change

    Minimum suggested investment time frame:
    No change

    Strategic asset allocation
    Growth / Defensive:
    No change

    Management fee % pa:
    No change

    IOOF MultiSeries 70

    Name:
    MLC MultiSeries 70

    Investment objective -
    before or after fees:
    No change from after fees

    Investment objective -
    time horizon:
    No change

    Minimum suggested investment time frame:
    From 5 to 7 years to 5 years

    Strategic asset allocation
    Growth / Defensive:
    No change

    Management fee % pa:
    No change

    IOOF MultiSeries 90

    Name:
    MLC MultiSeries 90

    Investment objective -
    before or after fees:
    No change from after fees

    Investment objective -
    time horizon:
    No change

    Minimum suggested investment time frame:
    From 7 to 10 years to 7 years

    Strategic asset allocation
    Growth / Defensive:
    No change

    Management fee % pa:
    No change

  • IOOF MultiMix sector options will become MLC MultiActive and the Specialist Property Fund will be included in the suite.

    IOOF MultiMix Australian Shares

    Name:
    MLC MultiActive Australian Shares

    Investment objective 
    - before or after fees:
    No change

    Minimum suggested investment time frame:
    7 to 10 years to 7 years

    Strategies asset allocation
    Growth / Defensive:
    No change

    Management fee % pa:
    From 0.80 to 0.73

    IOOF MultiMix Diversified Fixed Interest

    Name:
    MLC MultiActive Diversified Fixed Interest

    Investment objective 
    - before or after fees:
    No change

    Minimum suggested investment time frame:
    2 to 3 years to 3 years

    Strategies asset allocation
    Growth / Defensive:
    No change

    Management fee % pa:
    No change

    Specialist Property

    Name:
    MLC MultiActive Property

    Investment objective 
    - before or after fees:
    Change to the description of investment objective to provide greater clarity

    Minimum suggested investment time frame:
    From 5+ years to 7 years

    Strategies asset allocation
    Growth / Defensive:
    No change

    Management fee % pa:
    From 0.97 to 0.87

    IOOF MultiMix International Shares

    Name:
    MLC MultiActive Global Shares

    Investment objective 
    - before or after fees:
    No change

    Minimum suggested investment time frame:
    7 to 10 years to 7 years

    Strategies asset allocation
    Growth / Defensive:
    No change

    Management fee % pa:
    From 0.90 to 0.85

    IOOF MultiMix Cash Enhanced

    Name:
    MLC MultiActive Cash Enhanced

    Investment objective 
    - before or after fees:
    No change

    Minimum suggested investment time frame:
    No change

    Strategies asset allocation
    Growth / Defensive:
    No change

    Management fee % pa:
    No change

    IOOF Cash Management

    Name:
    MLC Cash Management

    Investment objective 
    - before or after fees:
    No change

    Minimum suggested investment time frame:
    No change

    Strategies asset allocation
    Growth / Defensive:
    No change

    Management fee % pa:
    No change

  • Our combined investment business has funds under management (FUM) of over A$85.9 billion (MLC Asset Management FUM as at 30 June 2023). While size isn’t everything, it deepens our ability to bring an institutional investing mindset to diversified portfolios. Ultimately, our increased size and scale creates opportunities to deliver:

    • greater influence and access to more sophisticated strategies and investment managers not always available to retail investors
    • bespoke investment solutions tailored to the exact requirements of the investment team’s needs
    • enhanced research capability to build more robust portfolios


    Ultimately, a combined business helps us unite behind common investment principles, the potential to share the benefits of scale with investors and a shared purpose – to help Australians achieve financial wellbeing.

  • We have actively engaged with research houses during our strategy and execution processes. We don’t anticipate any negative impacts.

Important information

The above information has been prepared for the general information of licensed financial advisers only and it is not intended to constitute a recommendation or advice. It must not be made available to any retail client and any information in it must not be communicated to any retail client or attributed to the issuer. It provides an overview only and should not be considered a comprehensive statement on any matter or relied upon as such. It has been prepared without considering any investor's objectives financial situation or needs. Investors should consider its appropriateness having regard to these factors before acting on the information.

This information is issued by IOOF Investment Services Ltd ABN 80 007 350 405 AFSL 230703 (IOOF) and MLC Investments Limited ABN 30 002 641 661 AFSL 230705 (MLC) each in their capacity as responsible entity and trustee of the managed investment schemes issued by them (Portfolios) referred in the information, including but limited to the IOOF MultiMix Trusts and MLC Wholesale Horizon Portfolios. These entities are part of a group of companies comprising Insignia Financial Ltd ABN 49 100 103 722 and its related bodies corporate (Insignia Financial Group). The capital value, payment of income and performance of any financial product referred to in this information is subject to investment risk, including possible delays in repayment of capital and loss of income and principal invested. Opinions constitute our judgement at the time of issue and are subject to change. Neither IOOF, MLCI nor any member of the Insignia Financial Group, nor their employees or directors give any warranty of accuracy or reliability, nor accept any responsibility for errors or omissions in this information.

Investors should consider the relevant Product Disclosure Statement (PDS) and Target Market Determination (TMD) before deciding to acquire or hold an interest in a Portfolio mentioned in this information, available by phoning us on 1800 002 217 (regarding IOOF products) and 1300 738 355 (regarding MLC products) or by searching for the product on our website at ioof.com.au and mlcam.com.au/MLCWholesale (whichever applicable). Any reference in this information to security, asset or asset class, or strategy (Investment) is for illustrative purposes only and should not be taken as a recommendation to buy, sell or hold such Investment. Investments mentioned in this information may no longer be in any Portfolio after the time of preparation. Past performance is not a reliable indicator of future performance. Returns are not guaranteed and actual returns may vary from any target returns described in this information. Any projection or other forward looking statement in this information is provided for information purposes only. The actual results achieved may differ materially from these projections.

Insignia Financial Ltd ABN 49 100 103 722.

MLC Limited uses the MLC brand under licence. MLC Limited is part of the Nippon Life Insurance Group and is not part of the Insignia Financial Group of Companies.