RL Variable Income Bond - Managed Fund

Fund Objective

Funds are invested in Australian shares; international investments; property; fixed interest and cash.

Fund Strategy

Funds are invested in Australian shares; international investments; property; fixed interest and cash.

Fund Performance Comparison

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Peers

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The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.

Fees Comparison

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	0.21%	0.87%	4.41%	5.39%	3.34%	2.62%	1.84%	1%
Growth return	0.45%	0.87%	4.36%	5.32%	3.28%	2.58%	1.8%	0.98%
Income return	-0.24%	0%	0.05%	0.07%	0.06%	0.04%	0.04%	0.02%
Market index (Aust Comm Bank All Series/All Mat Accum)
Total return	1.19%	0.74%	0.51%	4.6%	8.2%	6.76%	4.82%	5.43%

As at 31 Jan 2026. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

RL Variable Income Bond

Australian Equities: 11.17%

International Equities: 3.87%

Cash: 47.59%

Property & Infrastructure: 1.97%

Fixed Interest: 35.41%

Alternatives: 0%

Average Allocation of Peers

Australian Equities: 6.16%

International Equities: 2.76%

Cash: 25.06%

Property & Infrastructure: 0.72%

Fixed Interest: 64.67%

Alternatives: 0.62%

General Information

Fund Details

Type	Description
Fund Name	RL Variable Income Bond
APIR Code	NML0231AU
Sector/Asset Class	Reserve Backed
Morningstar Rating	Not Rated (as at 31 Dec 2025)
Legal Structure	Investment Fund
Fund Inception	1 May 1989
Fund Size	$17347999 million (as at 28 Feb 2025)
Entry Price	$21.701 (as at 31 Jan 2026)
Exit Price	$21.701 (as at 31 Jan 2026)
Fund Status	Closed

Offer information

Type	Description
MER	3.73% (as at 20 Feb 2024)
Indirect Cost Ratio (ICR)	3.73% (as at 30 Jun 2016)
Minimum initial investment	$10,000.00
Minimum additional investments
Minimum redemption amount

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FAQs about the RL Variable Income Bond

What is the objective of the RL Variable Income Bond managed fund?

The objective of the RL Variable Income Bond managed fund is Funds are invested in Australian shares; international investments; property; fixed interest and cash.

What is the strategy for the RL Variable Income Bond managed fund?

The strategy of the RL Variable Income Bond managed fund is Funds are invested in Australian shares; international investments; property; fixed interest and cash.

What is the APIR code of the RL Variable Income Bond managed fund?

The APIR code of the RL Variable Income Bond managed fund is NML0231AU.

What was RL Variable Income Bond’s total return last month?

RL Variable Income Bond’s total return last month was 0.21%. This was made up of a growth return of 0.45% and an income return of -0.24%. These returns were calculated as at 31 Jan 2026.

What was RL Variable Income Bond’s total return for the last three months?

RL Variable Income Bond’s total return for the last three months was 0.87%. This was made up of a growth return of 0.87% and an income return of 0%%. These returns were calculated as at 31 Jan 2026.

What is RL Variable Income Bond’s one-year total return?

RL Variable Income Bond’s one-year total return is 5.39%. This was made up of a growth return of 5.32% and an income return of 0.07%. These returns were calculated as at 31 Jan 2026.

What is RL Variable Income Bond’s three-year total return?

RL Variable Income Bond’s one-year total return is 2.62%. This was made up of a growth return of 2.58% and an income return of 0.04%. These returns were calculated as at 31 Jan 2026.

What is the asset allocation of the RL Variable Income Bond managed fund?

The asset allocation of the RL Variable Income Bond managed fund is :

Australian Equities: 11.17%

International Equities: 3.87%

Cash: 47.59%

Property & Infrastructure: 1.97%

Fixed Interest: 35.41%

Alternatives: 0%

What sector/asset class does the RL Variable Income Bond managed fund belong to?

The RL Variable Income Bond managed fund belongs to the Reserve Backed sector/asset class.

What is the size of the RL Variable Income Bond managed fund?

As at 28 Feb 2025, the size of the RL Variable Income Bond managed fund was $17347999 million.

What is the inception date of the RL Variable Income Bond managed fund?

The RL Variable Income Bond managed fund has an inception date of 1 May 1989.

What is the current entry price of the RL Variable Income Bond managed fund?

The current entry price of the RL Variable Income Bond managed fund is $21.701 per unit and the current exit price is $21.701 per unit (as at 31 Jan 2026).

What is the current exit price of the RL Variable Income Bond managed fund?

The current exit price of the RL Variable Income Bond managed fund is $21.701 per unit and the current entry price is $21.701 per unit (as at 31 Jan 2026).

What is the minimum investment amount for the RL Variable Income Bond managed fund?

The minimum initial investment amount for the RL Variable Income Bond managed fund is $10,000. Minimum additional investment is $0.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.

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