The Income Fund is intended to be the least volatile of the three Funds. Its benchmark asset mix is 100% income assets.
This Fund invests only in income assets made up of Cash, Fixed Interest and Mortgages.
Members who are risk averse and feel uncomfortable investing in a portfolio which invests in growth assets such as property or shares and/or close to retirement and consider they may not have time to ride out investment highs and lows.
Intended risk profile
Benchmark asset mix
The fixed fee charged for monies invested in the Income Fund is 1.4% p.a. of the net asset value of the funds in the Income Fund.