Characteristics

• Return expectation derived from historical experience: CPI + 5% to CPI + 6%
• These type of porftolios may have large exposure to shares and property (but the portfolios will always comply with prudent investment guidelines as set out in regulations to the Pension Funds Act)
• The aim is to achieve the investment return with as minimal risk as possible
• Short term negative returns are possible
• Investment returns can be volatile

Funds

• Allan Gray Namibia Balanced Fund
• Benchmark Retirement Fund Default Portfolio
• Lebela Balanced A2
  (Previously Hangala Prescient Absolute Balanced Fund)
• M&G Balanced Fund
• NAM Coronation Balanced Plus Fund
• Ninety One Namibia Managed Fund
• Old Mutual Namibia Profile Pinnacle Fund
• Standard Bank Namibia Managed Fund