New Ireland Passive IRIS Fund 2034

Passive IRIS 2034 S11 uses a lifestyle approach, so the asset mix changes gradually as the target retirement year of 2034 gets closer. It starts with a higher-risk mix and moves toward a lower-risk, more stable mix over time. The fund can invest across equities, bonds, alternatives, property and cash, with State Street Investment Management running the underlying investments. In simple terms, that means it aims to reduce the ups and downs of the fund as retirement nears.

Passive IRIS 2034 S11 is primarily aimed at investors who want to invest in an Approved Retirement Fund at retirement. It is designed for people whose retirement date is aligned with the fund’s 2034 target year. The fund is intended for medium to long-term investing, with a recommended horizon of at least 5-7 years. That longer time frame helps reduce the impact of short-term market swings.

Passive IRIS 2034 S11 is not a single-asset equity fund; it is a lifecycle fund that automatically shifts its risk level over time. Its diversification across asset classes and regions is meant to support both growth and capital preservation as retirement approaches. The fund invests in a range of markets including North America, Europe, Japan, the U.K., the Pacific Basin and Ireland. This broader mix can help spread risk because different markets and assets may not move in the same way at the same time.

Passive IRIS 2034 S11 is exposed to short-term volatility and sustainability risks. Short-term volatility means the fund’s value can rise or fall quickly over shorter periods, which can be unsettling if money is needed soon. Sustainability risk means environmental, social or governance-related events could affect the value of the investments it holds. The impact is generally greater for equities and property than for bonds or alternatives.

Passive IRIS 2034 S11 is classified as an Article 8 fund, meaning it promotes environmental or social characteristics and invests in companies that follow good governance practices. Its positive screen focuses on companies with good governance practices. The underlying investments do not use the EU criteria for environmentally sustainable economic activities. In practical terms, it has an ESG-related approach, but it is not exclusively focused on fully sustainable investments.