The fund invests primarily in listed Australian companies that have the potential to provide future sustainable or growing dividends.

Aims to provide an income stream (excluding capital gains) that grows each year, by investing primarily in
Australian shares.

Benefits of investing in the MLC MasterKey Unit Trust

Diversify to reduce volatility and other risks

• Diversification - investing in a range of investments - is a sound way to reduce the short-term volatility of a portfolio's returns. That's because different types of investments perform well in different times and circumstances. When some are providing good returns, others may not be.

• Portfolios can be diversified across different asset classes, industries, securities and countries, as well as across investment managers with different approaches.

• The more you diversify, the less impact any one investment can have on your overall returns.

• One of the most effective ways of reducing volatility is to diversify across a range of asset classes.

• Diversification across asset classes is just one way of managing risk. MLC's multi-asset portfolios diversify across asset classes and investment managers. Please refer to the 'Our approach to investing' in the 'Investing in MLC investment options' section of the PDS for more information.

Risk level

Very High

Investor suitability

The investment option may be suited to you if:

• you want to invest in shares in Australian companies that are expected to deliver a growing dividend stream over time.

About the MasterKey Unit Trust

Whether investing for the long or short term, the MLC MasterKey Unit Trust helps bring your goals to life.

Whatever your needs, our extensive range of investments means you can build the portfolio you want.

Looking out for your interests

The PDS outlines how MLC manage your money, the benefits and risks of investing and the fees you'll be paying.

This will help you decide whether the investment you're considering is right for you.

If you need any further details, please speak with your financial adviser or call MLC on 132 652.

Who can invest

You can only invest in the MLC MasterKey Unit Trust if you're:

• an existing investor invested directly in an MLC investment option

• an existing investor invested directly in a National investment option

• an existing MLC MasterKey Investment Service investor, or

• applying for the MLC Cash Fund through the MLC MasterKey Investment Service Fundamentals.

If you only hold a National investment option you can't switch to an MLC investment option and you can only switch to the same fee option of another National investment option.

How we invest your money

The fund invests primarily in Australian companies that have the potential to provide future growth in dividends.

The fund is expected to generate tax-efficient returns by:

1. investing in companies expected to have high franking levels, and
2. carefully managing the realisation of capital gains.

The fund is expected to provide returns consistent with investing in a broad range of Australian companies. Income is reinvested in the fund.

Target asset allocation

• Australian shares: 100%