New Ireland Retirement Fund (IRIS) 2031

Retirement Fund 2031 (3) is part of the IRIS lifestyle strategy and invests across equities, bonds, property and cash. It starts with a higher-risk mix earlier on and gradually shifts toward a medium/low-risk approach as the target retirement year of 2031 approaches. This means the fund is designed to change its asset mix over time rather than stay static.

Retirement Fund 2031 (3) is aimed primarily at pension investors who expect to take a retirement lump sum and move into an Approved Retirement Fund, or ARF, at retirement. It is intended for people saving toward the year 2031 and looking for a lifestyle fund that adapts as retirement nears. The recommended investment horizon is medium to long term, at least 5-7 years.

Retirement Fund 2031 (3) uses a glide path, which means it gradually switches money from a higher-risk strategy in the earlier years to a medium/low-risk strategy nearer retirement. This is meant to help protect retirement savings as the target date approaches. In plain language, it lowers the portfolio's risk level over time instead of leaving it at the same level throughout.

Retirement Fund 2031 (3) is a lifecycle or lifestyle fund rather than a static mixed-asset fund. Its asset mix is tied to the investor's expected retirement year, so the allocation is designed to evolve automatically as 2031 gets closer. The fund is managed by State Street Investment Management and Legal and General Investment Management (LGIM), reflecting the IRIS range's pension-focused design.

Retirement Fund 2031 (3) is exposed to sustainability risks, and severe events could affect the value of the assets it holds. Those impacts are generally greater for equities and property than for bonds or alternatives. In plain language, sustainability risk means environmental, social or governance issues could hurt the prices of some investments in the fund.