Irish Life Setanta Multi-Asset Active 5

The Setanta Active Multi-Asset 5 can invest across a broad mix of assets, including shares, bonds, property, cash and alternatives. It generally keeps a relatively high allocation to higher-risk assets such as shares and property. Setanta Asset Management actively monitors and adjusts the mix over time, so the portfolio can change as market conditions change.

The Setanta Active Multi-Asset 5 aims to achieve a positive total return within its defined risk parameters. That means it is focused on delivering overall investment growth rather than a specific income target. Because it can hold a meaningful amount in shares and property, its returns may be more variable than those of lower-risk funds.

The Setanta Active Multi-Asset 5 invests globally, so some holdings may be in currencies other than euro. Its non-euro currency exposures may be fully or partly hedged back to euro to reduce foreign currency risk. Currency risk means exchange-rate movements can make overseas investments worth more or less in euro terms.

The Setanta Active Multi-Asset 5 applies a sustainability-aware approach alongside its investment objective. It targets strategies that reduce exposure to companies with poorer sustainability characteristics and increase exposure to those with better ones, and it monitors exposure to tobacco, coal, weapons and companies that breach the UN Global Compact. Sustainability characteristics are also considered when selecting property funds.

Yes, the Setanta Active Multi-Asset 5 may use derivatives to achieve its investment objective, manage risk or run the fund more efficiently. It may also use securities lending to earn additional return for the fund. Derivatives are financial contracts whose value is linked to another asset, and securities lending means the fund can temporarily lend holdings out to generate extra income, which can add risk.