While Income+ is managed to reduce risk through diversification and professional management, all investments inherently come with certain risks:

• Interest Rate Risk: Changes in interest rates can impact bond prices. Typically, when rates rise, bond prices drop, and vice-versa.
• Credit Risk: There's always a chance an issuer might not meet its payment obligations, affecting the value of the security with the bond funds.
• Market Risk: Economic factors, geopolitical events, or broad market declines can affect the portfolio's value.
• Liquidity Risk: Some securities might be harder to sell or might have to be sold at a discount to their value.
• Inflation Risk: Over time, the purchasing power of your investments might be eroded by inflation.
• Diversification Risk: While diversification reduces risk, it doesn't eliminate it. Some assets in the diversified portfolio might underperform.
• Operational Risk: Things like system failures or human errors can affect any financial operations, including those of the portfolio.

It is essential to align your investments with your personal risk tolerance and financial goals.