Cash
Cash or cash equivalents, such as short-term money market deposits, government bonds and bank bills. Cash funds are typically low-risk, short-term investments.

Fixed interest and bonds
Cash, government bonds, bank bills or mortgage-backed securities. Like cash, they are typically low risk, short-term investments.

Mortgages
Mortgage funds generally invest in property loans. You receive income as long as the borrower pays their interest. Interest is generally higher than bank deposit interest, but it is also riskier. Your investment does not go up in value and it may go down if borrowers cannot repay their loans and the property cannot be sold for a good price. The risks of these funds vary greatly depending on the borrower and the purpose of the loan.

Shares
Share or ‘equity’ in listed companies. These might be in Australia, overseas or both. They offer the potential for high returns but with higher risk.

Property
Residential, industrial and commercial properties or property developments. You might not be able to withdraw from the fund at short notice, however this is easier if the property trust is listed. You’re not guaranteed a fixed rate of interest or return of your capital.