The Trustees of Benchmark Retirement Fund regularly review the Fund's Default Portfolio which currently consists of Allan Gray Namibia Balanced Fund (50%), Prudential Namibia Inflation Plus Fund (25%) and Sanlam Namibia Inflation Linked Fund (25%). The blend of these portfolios was found to be an ideal combination for the Default Portfolio as the balance netween capital preservation and maximising capital growth is very important. The combination produces a suitable risk/return profile. The Default Portfolio needs to bear an appropriate amount of risk, which is necessary to achieve adequate real returns during the (long-term) phase a member accumulates savings for retirement. The Trustees resolved to change the risk profile of the Default Portfolio from moderate-low risk to moderate risk.