New Ireland Retirement Fund (IRIS) 2013

Retirement Fund 2013 (3) is part of the IRIS lifestyle range and invests across equities, fixed income, property and cash. As the target retirement year approaches, the fund gradually moves from a higher-risk mix in the earlier years toward a medium/low-risk strategy. This means it is designed to reduce how much the value can swing as retirement nears, although it can still go up and down.

Retirement Fund 2013 (3) is aimed primarily at pension investors who expect to take a retirement lump sum and then invest in an Approved Retirement Fund (ARF) at retirement. The fund is designed to match that retirement path by changing its asset mix over time. It is intended for medium to long-term investing rather than short-term use.

Retirement Fund 2013 (3) uses a lifecycle glide path, which means it automatically shifts from a higher-risk investment strategy earlier on to a more cautious mix as retirement gets closer. This is meant to protect retirement savings from large market moves near the target date. In plain terms, the fund becomes less aggressive over time.

Retirement Fund 2013 (3) carries the usual investment risk that values can fluctuate over time, even over the long term. The factsheet also highlights sustainability risks, which means environmental, social or governance issues could affect the value of some investments. The fund may also use securities lending in some holdings, which can add extra risk in exchange for the chance of a higher return.