New Ireland Retirement Fund (IRIS) 2017

Retirement Fund 2017 (3) invests across equities, fixed income, property and cash through State Street equity, fixed income, property and cash strategies and the LGIM Diversified Fund. Its sector exposure includes corporate bonds, government bonds, high yield bonds, alternative investments, infrastructure and commodities. The mix is used to support the fund's lifestyle approach as retirement gets closer.

Retirement Fund 2017 (3) is aimed primarily at pension investors who expect to take a retirement lump sum and then invest in an Approved Retirement Fund, or ARF, at retirement. An ARF is a retirement investment account that lets a person keep their pension savings invested after retirement. The fund is designed for investors seeking a retirement-focused, lifecycle strategy rather than a static asset mix.

Retirement Fund 2017 (3) follows a lifestyle glide path, gradually switching money from a higher-risk strategy in the earlier years to a medium/low-risk strategy as retirement approaches. This means the fund is designed to reduce the level of risk taken near retirement. The aim is to help grow and safeguard retirement savings around the expected retirement year of 2017.

Retirement Fund 2017 (3) carries sustainability risks and short-term volatility risk. Short-term volatility means the fund's value can rise and fall over shorter periods, even if the long-term objective is retirement-focused growth and protection. Because it invests in assets such as equities and bonds, its value will fluctuate over time.

Retirement Fund 2017 (3) is recommended for a medium to long-term horizon of at least 5-7 years. The fund's risk profile and glide path are built around retirement investing, so it is intended to be held over time rather than for short-term trading. This gives the lifestyle strategy time to work as the asset mix gradually becomes more defensive.