New Ireland Retirement Fund (IRIS) 2039

The Retirement 2039 Fund (3) is an IRIS lifestyle fund that invests across a wide range of asset classes, including equities, bonds, property, cash, alternatives, infrastructure and commodities. Its equity exposure is diversified across regions such as North America, Europe, Japan, the UK, emerging markets and Ireland. This mix is designed to evolve over time rather than stay fixed.

The Retirement 2039 Fund (3) uses a glide path that gradually moves the portfolio from a higher-risk investment strategy in the earlier years to a medium/low-risk strategy as retirement approaches. In practical terms, that means it is designed to reduce risk over time rather than keep the same level of growth exposure throughout. The target retirement year for this fund is 2039.

The Retirement 2039 Fund (3) is aimed primarily at pension investors who expect to take a retirement lump sum and invest in an Approved Retirement Fund (ARF) at retirement. It is intended for people saving toward retirement rather than for short-term goals. The fund is generally most suitable for investors with a medium to long-term horizon of at least 5-7 years.

The Retirement 2039 Fund (3) carries the usual risks of investing, including the possibility that the value of the investment will rise and fall over time. Its factsheet also highlights sustainability risk, which means environmental, social or governance issues could affect the value of the investments held. Even though the fund is designed to become more cautious over time, it can still lose value.

The Retirement 2039 Fund (3) is managed by State Street Investment Management and Legal and General Investment Management (LGIM). These managers run the underlying investments used to support the fund’s lifecycle approach. The fund is part of the IRIS range, which is designed for retirement investing.