Irish Life Consensus Cautious

The Consensus Cautious Fund is a managed fund that invests 65% in the Consensus Fund and 35% in short-term eurozone government bonds. It is designed to blend growth assets with a defensive bond element. In simple terms, the bond part helps reduce ups and downs compared with a more aggressive fund.

The Consensus Cautious Fund aims to provide low to mid range managed fund returns with lower levels of ups and downs. That makes it more suitable for investors who want some exposure to market growth but prefer a calmer ride than a higher-risk equity fund. The fund name reflects this more cautious mix.

Through its investment in the Consensus Fund, the Consensus Cautious Fund has exposure to major global companies such as NVIDIA, Apple, Microsoft, Alphabet, Amazon, Broadcom, Tesla, Meta Platforms, JPMorgan Chase and Taiwan Semiconductor Manufacturing. These holdings suggest a broad global equity exposure, especially in large US technology and financial names. The fund also invests across regions including the US, Eurozone, Japan and emerging markets.

The Consensus Cautious Fund has currency risk, which means its returns can be affected when investments are held in foreign currencies that move up or down against the investor's home currency. It also mentions securities lending, which can add risk because the fund lends out securities to try to earn extra return. These risks sit alongside the fund's mix of equities and bonds.

The Consensus Cautious Fund is managed passively by Irish Life Investment Managers. Its structure is designed to track the performance of the underlying Consensus Fund and short-term eurozone government bonds rather than trying to pick individual winners actively. That approach aims to keep the fund's risk profile consistent with its cautious objective.