Download Fixed Interest Fund - Irish Life Corporate Business

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