Irish Life Multi-Asset Portfolio 3

Multi-Asset Portfolio 3 invests across a mix of bonds, shares, property, cash and externally managed specialist funds. It can also include alternatives, giving the fund a broad multi-asset approach rather than relying on one market. The manager may adjust the mix over time as part of regular monitoring and rebalancing.

Multi-Asset Portfolio 3 is described as a low to medium risk fund. It aims to balance lower risk assets such as cash and bonds with higher risk assets such as shares and property. That means the fund is designed to moderate risk, but investors should still expect some ups and downs in value.

Multi-Asset Portfolio 3 targets strategies that help meet its sustainability goals by reducing exposure to companies with poorer sustainability characteristics and increasing exposure to those with better ones. Sustainability characteristics are also considered when selecting property and alternative funds. In practice, this means the fund is not just choosing assets by type, but also by how they score on sustainability factors.

Multi-Asset Portfolio 3 may fully or partly hedge non-euro currency exposures back to euro. Currency risk means exchange-rate movements can affect returns when the fund holds investments priced in other currencies. Hedging is used to help reduce that effect, though it may not remove it completely.

Multi-Asset Portfolio 3 may use securities lending to earn an additional return for the fund. In securities lending, some of the fund’s assets are temporarily loaned to another party in exchange for income. This can add value, although it also introduces some additional operational risk.