MLC MasterKey Business Super - Platinum International Fund

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About this Fund

Fund Detail

PDS https://informedinvestor.com.au/view/pds/101078-2023-12-09-02:41.pdf
FUND MANAGER Platinum Asset Management
ASX Code
INVESTMENT STYLE The Fund invests in undervalued companies from around the world.
INVESTMENT PROFILE The Fund seeks to provide capital growth over the long-term.
BENCHMARK MSCI All Country World Net Index in $A (for performance comparison purposes only)
FUND SIZE MSCI All Country World Net Index in $A (for performance comparison purposes only)
FEES 1.35% p.a. of your balance in this investment option



Benefits of investing with MLC MasterKey Business Super

What we offer in your super account 

  • A wide range of investment options: Customise your investment portfolio to how you like it, using our world-class investment managers.
  • MySuper: Easy-to-manage investing, for all stages in life.
  • Insurance: Tax-effective cover to protect you and your family.
  • Advice tools and calculators: Helping you understand your super, when it's convenient for you.
  • Member benefits program: Access to discounts, lifestyle offers, popular events, travel offers, savings on health insurance, and more.
  • Online access and a mobile app: Stay on top of your super—wherever you are.



The investment option may be suited to you if...

  • you want to invest in a portfolio of companies from around the world managed by a specialist global
    shares manager
  • you want to invest in a portfolio focused on long-term capital growth
  • you can tolerate fluctuations and the risk of capital loss, and
  • you’re comfortable having foreign currency exposure ie currency risk.



Key Features

About MLC MasterKey Business Super

You can use the Product Disclosure Statement (PDS) to find what you need to know about your super and how we can help you reach your retirement goals

We've worked with your employer to provide you a super account which gives you a great opportunity to grow and protect your wealth.

With MLC MasterKey Business Super, a part of the MLC Super Fund, you have access to a broad range of investment options, allowing you to customise your investment portfolio. If you haven't chosen an investment option, your super will be invested in MySuper. See Section 5 of the PDS for details of MySuper and go to mlc.com.au/yoursuperfundfor the MySuper Product Dashboard. You can find more information on the MLC Super Fund, the Trustee and executive remuneration, and other Fund documents at mlc.com.au.


How we invest your money

The fund primarily invests in listed securities. The fund will ideally consist of 70 to 140 securities that Platinum believes to be undervalued by the market. Cash may be held when undervalued securities cannot be found. Platinum may short sell securities that it considers overvalued. The fund will typically have 50% or more net equity exposure.

Platinum may use derivatives:

  1. for risk management purposes
  2. to take opportunities to increase returns
  3. to create a short position in a security
  4. to establish positions in securities that may otherwise not be readily available (eg to gain access to particular stock markets where foreign investors face restrictions), and
  5. to aid in the management of fund cash flows (eg some stock markets require pre-funding of stock purchases that may be avoided through the use of derivatives).

Platinum has set the following investment restrictions in respect of the fund:

  • the underlying value of derivatives may not exceed 100% of the Net Asset Value (NAV) of the fund, and
  • the underlying value of long stock positions and derivatives will not exceed 150% of the NAV of the fund.


Platinum manages risk associated with currency exposure through the use of hedging devices (eg foreign exchange forwards, swaps, non-deliverable forwards and currency options) and cash foreign exchange trades.

This fund is considered a hedge fund by the Australian Securities and Investments Commission because it uses some sophisticated investment techniques.

More information about this fund is available in the investment manager's PDS available on mlc.com.au/findafund.

Strategic asset allocation

  • International Equities: 0-100%
  • Cash and Cash Equivalent: 0-100%