Bank of Ireland Life North American

North American (Series 3) invests in the State Street US Value Spotlight Fund, which in turn invests mainly in equities from the United States. The fund is therefore focused on shares rather than bonds or cash. It aims to generate long-term capital growth for investors.

North American (Series 3) is designed for medium to long-term investing, with a recommended horizon of at least 5 to 7 years. That time frame helps reduce the impact of short-term market volatility, though the fund can still rise and fall in value over time. It may suit investors seeking growth from US equities and who can tolerate a higher level of risk.

North American (Series 3) carries currency exchange risk and sustainability risks. Currency exchange risk means returns can be affected when the value of the US dollar changes relative to the investor’s home currency. Sustainability risks mean environmental, social or governance issues could affect the companies held by the fund and, in turn, its returns.

North American (Series 3), through the State Street US Value Spotlight Fund, holds a range of US equities including Alphabet, Amazon, Microsoft, Merck & Co., and Vertex Pharmaceuticals Inc. The portfolio also includes companies such as Bristol-Myers Squibb Co, F5 Inc and CNH Industrial. These holdings show that the fund is concentrated in individual listed companies rather than broad fixed-income assets.

North American (Series 3) may allow securities lending through the underlying fund’s holdings. Securities lending means the fund can temporarily lend out shares or bonds to try to earn extra income. This can add some risk, even though it also creates the opportunity for additional return.