Income Pension Fund

The Income Pension Fund’s investment strategy is designed to accommodate a lower risk profile, suited to those approaching retirement age who nonetheless seek to strengthen their retirement income. It targets returns above 2.5% over an investment horizon of more than 5 years.

The fund has been designed with Iberis Capital’s combined offering in mind. Alongside the Income Pension Fund, Iberis offers the Equity Pension Fund, structured for a longer time horizon and a higher risk profile. The two funds can be combined, allowing each investment to be tailored according to the investor’s age, intended time horizon, and risk tolerance. As open-ended funds, the mix can also be adjusted as the investor ages or as life plans evolve.

The Income Pension Fund is an open-ended fund that invests primarily in bonds, while also drawing on other asset classes to protect capital from the erosion caused by inflation and market volatility.

The fund allocates 70% to investment-grade bonds (BBB- or above), with a hold-to-maturity strategy, to provide return predictability. The remaining 30% is distributed across three asset classes: 15% in real estate funds, aimed at enhancing returns and hedging against inflation; 10% in defensive private market funds, which also leverage regulated contracts as an additional buffer against inflation; and 5% in gold, to reduce overall portfolio volatility.

Investing involves risks, including the possible partial or total loss of the invested capital. Past performance is not a guarantee of future results. This information is provided for informational purposes only and does not constitute an offer, invitation, or recommendation to subscribe to any investment product. The Iberis Equity Pension Fund (ASF No. 493) and the Iberis Fixed Income Pension Fund (ASF No. 494) are open pension funds authorised and supervised by the Portuguese Insurance and Pension Funds Supervisory Authority (ASF). Management Company: Real Vida Seguros, S.A. Promoter: Iberis Capital, acting through an insurance intermediary company duly registered with the ASF (No. 425591862). Performance Fee: 20% of returns above the hurdle rate (6% for Equity; 2.5% for Fixed Income). Maximum Management Fee: 1.25% p.a. (Equity) and 1.0% p.a. (Fixed Income). Iberis performance data are based on a simulated net-to-investor internal rate of return (IRR) over the 10-year period ended 31 December 2025 and reflect nominal returns. Real returns are calculated by deducting average annual inflation of 2.1% (INE, 2016–2025; source: Pordata). This information does not replace the need to read the Documento Informativo (Information Document) and the Regulamento de Gestão (Management Regulations).