New Ireland Passive IRIS Fund 2031

Passive IRIS 2031 uses a lifestyle strategy that gradually changes the mix of assets over time. It starts with a higher-risk mix and moves toward a lower-risk, more stable mix as retirement approaches. The fund invests across equities, bonds, alternatives, property and cash, with State Street Investment Management managing the underlying investments.

Passive IRIS 2031 is primarily aimed at people who want to invest in an Approved Retirement Fund at retirement. It is built around a target retirement year of 2031, so it is intended for investors whose retirement timing is broadly aligned with that date. The fund is designed for medium- to long-term investing, with a suggested horizon of at least 5-7 years.

Passive IRIS 2031 uses a glide path, which means the fund gradually shifts from growth-oriented assets to more stable assets as the target retirement year nears. This is intended to help safeguard retirement savings while still aiming for growth earlier in the journey. In plain terms, the fund becomes less exposed to market ups and downs as retirement approaches.

Passive IRIS 2031 is classified as an Article 8 fund, meaning it promotes environmental or social characteristics and invests in companies that follow good governance practices. It does not base its investments on the EU criteria for environmentally sustainable economic activities. The fund also carries sustainability risk, which means environmental, social or governance events could hurt returns if they affect the value of the assets it holds.

Passive IRIS 2031 has exposure to a broad range of equity markets, including North America, the eurozone, the Pacific Basin, Japan, the U.K., other Europe and other global markets. This wide regional spread is part of its diversified approach. Diversification means spreading investments across different areas to reduce the impact if one market performs poorly.