Irish Life Retirement Portfolio 2

Retirement Portfolio 2 invests across a broad mix of assets, with a focus on income-producing investments such as bonds, shares, property, cash, and externally managed specialist funds. Its holdings and sector mix show exposure to corporate, government, inflation-linked, high yield, and emerging market bonds, as well as global shares, alternatives, cash, and property. The fund is managed by Irish Life Investment Managers using an active and passive multi-strategy approach.

Retirement Portfolio 2 has been specifically designed for investors in post-retirement products who are making, or may need to make, withdrawals from their plan. The fund aims to support this type of investor by keeping only a small percentage in higher-risk assets such as shares and property. It is intended for investors who want a managed portfolio rather than a single-asset fund.

Retirement Portfolio 2 uses several risk management strategies and is monitored and rebalanced regularly by the fund manager. It also aims to keep exposure to higher-risk assets such as shares and property relatively small. Non-euro currency exposures may be fully or partly hedged back to euro to reduce foreign currency risk, which means exchange-rate moves may have less impact on returns.

Retirement Portfolio 2 focuses on income-producing assets, but it is not guaranteed to produce an income. Its objective is to achieve positive returns while managing the fund within its target risk level. That makes it a diversified retirement portfolio rather than an income guarantee.

Retirement Portfolio 2 targets strategies that help contribute to 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. This means the fund uses ESG-style screening alongside its broader portfolio construction.