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Transcript
Fixed Interest Fund Information is correct at 31st January 2017 Fund Description Fund Facts The Fixed Interest Fund is an actively managed fund, which invests predominantly in medium-dated Euro denominated Objective government securities. These securities are effectively loans to governments. Investment This fund should broadly follow the long-term changes in annuity Style prices due to interest rates, i.e. if long-term interest rates fall, the value of this fund will increase to roughly compensate for the rise Size in annuity prices. Long-term interest rates are just one of the main factors that determine the cost of an annuity. However, there will be times when the fund will not track annuity prices closely and no Asset Mix guarantee can be given in relation to such movements. This is a medium risk fund which can have some level of volatility. The potential return from the fund will also be medium. It is suitable for investors who are close to retirement and want to buy a pension or have some appetite for risk. Investors may potentially experience material falls in the capital value of this fund. When yields on government bonds decrease, the market value of the same bonds rise. Likewise, when yields on government bonds increase, the market value of the same bonds fall. The value of the bonds held within this Fund will act in same manner. To outperform the Merrill Lynch Euro Zone >5 year index. Active €185.3 million Bonds Number of Securities 42 Volatility / Risk Medium Launch Date 31st December 1985 Warning: If you invest in this product you may lose some or all of the money you invest. The assets in this fund may be used for the purposes of securities lending in order to earn an additional return for the fund. While securities lending increases the level of risk within the fund it also provides an opportunity to increase the investment return. Bond Country Distribution Italy 28.6% Spain 17.5% France 17.3% Germany 14.2% Ireland 6.5% Austria 5.7% Belgium 5.3% Netherlands 3.3% Finland 1.2% Slovenia 0.4% Bond Portfolio Credit Quality Rating AAA Fund 17.5% AA1 6.8% AA2 17.3% AA3 5.3% A2 3.2% A3 3.3% BBB1 19.2% BBB2 27.4% Warning: This fund may be affected by changes in currency exchange rates. EF3PC-NET-0117 Fixed Interest Fund Calendar Year Returns Fund* Benchmark** 2007 -0.30% 0.46% 2008 10.67% 10.43% 2009 3.40% 3.99% Performance as at 31/01/2017 1 Month 3 Month YTD*** 1 Year 3 Year p.a.**** 5 Year p.a.**** 10 Year p.a.**** Since launch p.a.***** Fund* Benchmark** -3.25% -3.13% -4.74% -4.59% -3.25% -3.13% -1.68% -1.34% 6.95% 6.55% 7.70% 7.61% 5.99% 6.04% 8.19% N/A 2010 2.24% 0.95% 2011 2.86% 3.90% 2012 15.27% 15.39% 2013 1.70% 2.40% 2014 21.94% 20.55% 2015 2.12% 1.99% 2016 4.79% 4.88% Performance chart % Return 10 8 6 4 2 0 -2 -4 -6 Since launch p.a.***** 10 Year p.a.**** 5 Year p.a.**** 3 Year p.a.**** 1 Year YTD*** 3 Month 1 Month Fund* Time * Fund returns are quoted before taxes and after a standard annual management charge of 0.75%. Annual fund management charges are calculated and deducted based on the offer price of the fund. The unit price and value of the fund are always quoted after an allowance has been made for the fund management charge The fund management charge will vary depending on the terms and conditions of your contract The Bid/Offer spread is 5.00% for the version of the fund illustrated ** Benchmark: The standard against which the performance of the fund is measured. It typically includes market indices or weighted combinations of these as appropriate. *** Y.T.D. = year to date **** p.a. = per annum ***** Launch Date (for the series used in the above performance illustration) = 31/12/1985 Source: Irish Life Investment Managers Warning: Past Performance is not a reliable guide to future performance. Warning: The value of your investment may go down as well as up. To find out more about our fund range and to view the latest market and fund manager comments please visit www.irishlifecorporatebusiness.ie Irish Life Assurance plc is regulated by the Central Bank of Ireland. EF3PC-NET-0117