Irish Life Multi-Asset Portfolio 6

Multi-Asset Portfolio 6 invests in a mix of assets, including shares, property and externally managed specialist funds, and may also hold cash from time to time. The fund has a global focus and is managed using an active and passive multi-strategy approach. Its top holdings include large global companies such as NVIDIA, Apple, Microsoft and Amazon. Because it holds a broad mix of assets, the fund may change its allocation over time as the manager rebalances it.

Multi-Asset Portfolio 6 is described as a high risk fund because it aims to keep a high allocation to higher-risk assets such as shares and property. The fund also uses a range of risk management techniques, including diversification, low volatility approaches and dynamic share-to-cash adjustments. Diversification means spreading money across different investments so the fund is less dependent on one area performing well. Even with these controls, the value can still rise and fall significantly.

Multi-Asset Portfolio 6 targets strategies that support its sustainability goals by reducing exposure to companies with poorer sustainability characteristics and increasing exposure to companies with better ones. Sustainability is also considered when selecting property and alternative funds. The fund therefore aims to combine returns with a sustainability tilt in how assets are chosen. This is part of the fund's overall risk management and portfolio construction approach.

Yes, Multi-Asset Portfolio 6 may fully or partly hedge non-euro currency exposures back to euro. This is intended to reduce foreign currency risk, which means changes in exchange rates could otherwise affect the fund's returns. Because the fund has global exposure, currency movements can be an important factor for investors. Hedging is used to help limit that effect, though it may not remove it completely.

Yes, Multi-Asset Portfolio 6 may use securities lending to try to earn additional return for the fund. This can increase the level of risk, but it also gives the fund an extra way to potentially improve returns. Securities lending means the fund temporarily lends securities to another party in exchange for a fee. Investors should note that this adds an additional layer of operational and counterparty exposure.