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What is does project is you have received your money back
in 10 years of payments and will get what ever the fund can pay
beyond that, maybe 10 more years if all goes as planned.
Takes the thinking out of it and 7% is not that bad at all for a income fund. Definetly aimed at the boomers retiring.
The prospectus makes it clear that the payout levels and the principal growth (or preservation) for all the funds are not guaranteed, but of the 3 funds, the one featuring a 7% payout and preservation of principal sure seems to be the most aggressive and risky.