ethical equity fund - New Ireland Assurance

INVESTMENTS
INVESTMENT PLUS
quarter 2, 2011

Contents
Market Commentary 2
Key Metrics 3
Our Investment Partners 4
Highlighted Fund for Quarter 2
Protected Assets 5
Low Risk Funds
SecureAdvantage 6
Cash Fund 7
Medium Risk Funds
Gilt Fund 8
Elements 9
Protected Assets Fund 10
BNYM Global Real Return Fund 11
Medium to High Risk Funds
Income & Growth Fund 12
Evergreen Fund 13
Balanced Managed Fund 14
Ethical Managed Fund 15
High Risk Funds
Bloxham High Yield Fund 16
Trilogy II 17
Discovery 18
Innovator 19
Alternative Energy 20
Water Fund 21
Spotlight 22
Global Equity Fund 23
Ethical Equity Fund 24
North American Equity Fund 25
UK Equity 25
European Equity Fund 26
Euroland Equity Fund 26
Pacific Basin Equity Fund 27
Japanese Equity Fund 27
Property Fund 28
Index Funds 29
Very High Risk Funds
Irish Equity Fund 30
Bloxham Geared High Yield Fund 31
Funds no longer open to new business
Guaranteed Evergreen 32
Secure Smart Mix 33
2014 Government Bond Fund 34
2016 Government Bond Fund 35
Performance Summary
Life 36
IRIS 37
Pension 38
Industry Averages 39
Net Life 40
1

MARKET COMMENTARY
2
Background
Although it it is is useful in in these pages to to focus focus on on where where rate So In short, there environment. is there a lot is is of no Turmoil good doubt news in that Libya the on the last the is last unlikely economic decade to was affect front was a a but oil
The the markets world last quarter continues are at has at a point a seen to point be a an continuation time, interesting time, it’s important it’s of place important many that and of that
the prices
a very few difficult very
much,
large one unless one risks for for it investors. spreads
the economic This to This was other
recovery the was and first the bigger
that first need
oil
first issues every quarter now that have and of then 2011 disrupted then we was we take take investment very a step a eventful. step back markets back and Markets think and over think are the producing decade in many nations. many where Finally, where risk dominated government risk dominated reward. debt is reward. likely to
to be overcome. There no easy fix and these issues
about how our funds are performing in in the longer term. be However, a big problem even if if for this peripheral was the case, eurozone the figures countries above in the
down last 12 overall months in and Euro continued terms to the contribute first 3 to months investors’ of
They are, after all, long term funds – they are designed short-term will take time show that, and for those a to big work who problem out. Global had for the the stomach rest policy
to of makers
to the hang West are
on on in
2011, concerns. mainly Sovereign as a result debt of issues negative continued returns in to March. be a
to provide a good balance of risk and reward for money
the working in through
long hard term. on long term solutions.
Many major of concern. the human In May, stories Portugal – from became the revolution the latest in
the worst of of times, the the downside wasn’t as as
that investors want to to put put away away for for the the long long run. run. For For
extreme as the peak-to-trough figures would have you
Tunisia Eurozone and country Egypt to to agree the an despair EU/IMF and bailout destruction package. in
instance, take Evergreen as as an an example of a of typical a typical
However, Outlook
believe.
even with increasing interest rates borrowing
Japan Portugal – have non-guaranteed
joined enormous diversified
Ireland consequences managed
and Greece for fund where
in people’s seeking
many remains
Different
quite
fund
cheap.
managers
Global
will have
economic
different
growth
opinions
remains
on
lives assistance investors but probably invested when it not in became the much last no of decade. an longer impact There possible on is is the no no for global point it to strong where It’s vital
and equity however
companies markets
that that we are will
learn we
generally move in
learn from the from
in decade. very the
the
good short
decade.
shape term.
economy. raise in talking funds They about on international are, Evergreen’s however, markets 9%* 9%* another return return – at in layer least 2010 in of 2010 not and risk at and the for – Interestingly Investment so there is risk, a the positive consensus which for backdrop view
for many years for years stock appears seemed markets, to be
like like a in that
a the
markets price 10%* being return to worry asked in 2009 about by investors. without and their acknowledging impact should the the falls not falls in be in short equities theory, term will
proved at perform least. itself itself to 2011 positively
to be be all looks too between
all too real. like real. being Unprotected now
Unprotected a and tale the of funds end two
dismissed 2007 and 2008. too lightly. Further unrest in the Arab world worlds of like funds
the Evergreen year.
like – developing Evergreen
I am can however provide can countries provide
a excellent strong outgrowing excellent
believer returns that
returns for the investors the West, short
for
could The ongoing increase Greece an already debt saga volatile continued oil price with to levels the latest that companies
term but investors they the need but markets
having they to be need able very
is notoriously little be withstand able debt to difficult
while withstand periods to
Governments
of call periods extreme so I do
would aid You instalment are seriously very very likely of likely hamper €12 aware aware billion economic that euro that Evergreen, being Evergreen, growth. released like Meanwhile most like by most the
have not volatility. of extreme try far to call too volatility. it much, short term. peripheral The issues eurozone that drive countries short
the EU/IMF. managed nuclear This funds, crisis followed suffered in suffered Japan a divisive a peak-to-trough is a already peak-to-trough Greek parliament having fall of serious fall vote of struggling term market while movements the big core change countries too frequently. push for structural
political which approximately passed impact a 40% around further in in the the austerity the
period period world
from package from –
the
while the collapse amid collapse the riots Green
of on of
changes
Outlook
in return for loans. Plenty of opportunities for
to the of the market in March 2009.
Although it it can be be difficult to to lift lift our our heads heads out out of our
Party the Lehmans streets. in Ireland
to Work the bottom is continuing without
of the
a on market
single a second in
Dail
March bailout seat,
2009.
the for I prefer to focus on the longer term picture which of our is in
casts a long shadow over the fund but
investors to
domestic make money,
economic but a
problems, our
need
our to keep a funds
close
funds are
eye
That figure casts a long shadow over the fund but
German Greece which tell
Green is due
the full
party to
story
is be
of
now finalised
doesn’t tell the full story how of Evergreen
the by dominant mid September. keeping with my own long term investment ideals. I
how Evergreen has
force in on
has driven risk
are driven by along the the
by global way.
the global economy economy and and the outlook the outlook is on is on
Baden With no Württemberg, sign of a permanent
performed for for investors a
investors over stronghold solution,
over the term of
the of Angela you can
their Merkel’s expect assess my investment prospects by asking simple
term of their
balance positive. As always, As always, risks abound. risks abound. In
ruling Greece’s investments.
party debt for issues the past to 6 influence decades. investment World economic markets questions such as ‘Do I believe economies will continue
In particular, pressures on the the euro euro area area well are well
growth for some is time unlikely to come.
to grow over the longer term’ or ‘Do I think that the issues
to be affected, but the attractiveness
documented. Equally there are are concerns about about how how the
troubling markets at present will be resolved positively
from The Fund an investment Centre on on our our perspective website is is a of very very clean useful vs. tool tool dirty for US the will US fare will when fare when monetary monetary support support comes comes to an end. to an
for
Even
judging judging
the mighty
the the long long
US
term term
is having
performance performance
strong
of of
questions
funds. funds. You asked over the longer term?’ If the answer is ‘Yes’ then I can
industries probably will (the Kleinworth Benson can end.
can about
graph graph its ability
the progress the progress to manage
of the of the its
unit unit debt.
price price The
for up for US
to up congress
the to the is expect
last 10 On the other my investment side, fears to of a perform double well dip recession (over the in longer
Investors Alternative Energy Fund is one of the few
the
last set to
years. 10 agree
At years. an
the At time the increase
of time writing of in writing the US
the most the debt most ceiling
recent recent above term).
price was US On are This
the fading. is the
other side, In essence Germany, of
fears of confidence long term investing.
equity funds in positive territory this quarter).
a double dip levels recession are very in
price $14.3
for 31 was trillion
December for 31 in December the
2010.
next 2010. I
few
produced I produced weeks.
a
While a graph graph this
of strong. the US Worldwide, are fading. corporates In Germany, are confidence for the most levels part are
The of agreement Evergreen Evergreen US continues prices is prices practically which which to a allowed grow, certainty, allowed me albeit me warnings compare compare at a from the the slightly price debt Many managing risks
very strong. costs remain
Worldwide, very in well the market
corporates and keeping as discussed
are a close for the eye above
most on that
disappointing agencies price that an that investor an about investor pace, might rating might China have downgrades have paid continues for paid a for unit US to a in unit grow debt the in fund the are at at
a will debt. part managing
make for
costs
turbulent
very well
markets
and keeping
in the
a
short
close eye
term.
fund anytime at anytime over the over previous the previous 10 years 10 years with price the
slightly new issue alarming for markets pace to contend and a with. two-tier Neither Europe the as US is at However, on debt. over the longer term I believe these will be
price 31 December as at 31 December 2010. It is useful 2010. It to is break useful the to decade break the into This is the nature of investment. The risk and rewards
struggling or investment to pull markets together. themselves At time are of used writing to any resolved simply because they must. We have seen
the
decade three: into three:
go hand in hand. The wide range of funds included
ECB question looks being about raised to announce about the an increase world’s number in interest 1 possibly This is the (and nature hopefully) of investment. the worst The fall risk in markets and rewards any of
here allows investors choose the mix that they are
rates economy’s go hand in hand. The wide range of funds included
1. Those and who Portugal ability to
invested looks repay
in set debt.
the to A
period get real a January so-called sign of the
2001 bailout times us are likely experience in the run up to the equity
to comfortable with. With all of the funds the best risk
(in
1. Those who invested in the period January 2001 to here allows investors choose the mix that they are
December
we the live form in.
market bottom March 2009. It is worth noting that the
2004 of a very and remain expensive invested: loan – whatever about management tool is time.
December 2004 and remain invested:
S&P comfortable 500 index with. has With nearly all of doubled the funds (in the local best currency risk
a These bail-out investors it’s certainly suffered the not full a brunt hand-out). of the market Increasing
On These the economic investors suffered front, in the Eurozone full brunt there of the continues market management tool is time.
interest collapse. However, none of these investors were down
terms)
* Performance
since that
is quoted
market
gross
bottom.
of taxation
This is reflected
and net of
in the
collapse.
rates
However,
while several
none of
countries
these investors
are suffering
were
rising
down
unemployment on
to be
their
a divergence
original investment
between
at the
stronger
end of 2010.
core countries
On performance 1.5% p.a. fund of management our equity based charges. investment The figures funds, given with
on their original and investment struggling at to the make end of ends 2010. meet On
average of Germany they are and up by France, somewhere whose in the economies region of are our are
* Performance
estimates managed fund only
is quoted
and increasing are
gross
not by a
of
reliable approx. taxation
guide 55%* and
to since net
the
of that
suggests average they a lot more are up effort by and somewhere political will in the is needed region tof
12%*. performing strongly, and the weaker peripheral market performance
1.5% p.a. bottom. fund
of your There management
investment. is still ground charges.
Past to performance be The made figures up
make
is but
12%*. the eurozone work.
countries who continue to struggle. This disparity will this not
given
a does reliable
are estimates
show guide the to
only
future power
and
performance.
of
are
the
not
market
a reliable
to
guide
resolve
2. Those who invested between January 2005 and
to the performance of your investment. Past
Despite likely result
July
2. Those the
2008
who difficulties, in further
and remain
invested the interest
invested:
between global rate economy hikes as
January continues the ECB
2005 and to serious issues given the time. The key for us at times
performance is not a reliable guide to future
perform keeps its
These
July 2008 well eye
investors
and and on inflation.
remain the corporate
are still
invested: sector remains low in such
currently down on their
performance.
as these is to maintain our focus on the longer term
debt
investments.
These and investors quite profitable.
The worst
are
affected
still Most currently metrics
were those
down suggest
who
on stock their picture.
markets The US economy
invested
investments. are around continues
in May
The “fair
07 and
worst value”, to be
they
affected but quite with resilient
are currently
were plenty
down
those of and overand
have
we
by
who
around
invested under-valued now
20%*.
in
seen
May companies
On average
07
8 continuous
and
those
they the are
quarters mix.
who
currently
of
invested in
down
positive * Source: Moneymate. Performance of the Pension Managed
this
by
economic
period
around
are
20%*. growth.
down
On
approximately
average This has those supported
10%*.
who invested US markets Fund from 10
in this
th March 2009 to 30 th June 2011 is quoted gross
Outlook though period are concerns down approximately still remain over 10%*. how the economy will of tax and fund management charges.
The react credit when crisis the started stimulus in the measures commercial are sector removed. with
sub-prime
3. Those who invested since July 2008 and remain
Concerns
invested: 3. Those who continue mortgages
invested to and grow since
a about collapsing
July China’s 2008
banking economy and
system.
remain as
It has now largely shifted to the sovereign sphere –
Again, inflation invested:
corporate all becomes of debt these a
is pretty investors bigger and
low, are bigger
government up on their issue.
debt investments. This looks
is pretty
In likely Again, fact to those result all who of in higher these invested interest investors after rates March are which 2009 up will did on dampen very their
enormous. Risks remain high in many areas.
well investments. indeed. In fact those who invested after March
Quantitative economic activity. easing Recently, (Governments China printing once money) again
cannot displayed 2009 did
continue
very the well sheer forever,
indeed. scale nor of can its the capabilities current low in opening interest
the Jiaozhou bay bridge, the worlds longest cross sea
Eoin Kennedy,
bridge which is a staggering 26 miles long.
Head of Products,
New Ireland

KEY METRICS
KEY MACRO FACTORS INFLUENCING FUND PERFORMANCE IN QUARTER 2
Numerous economic factors may create either a positive or negative impact on the performance of investment
funds and specific asset classes over time. We have captured below a number of key metrics, some of which will
have had an influence on New Ireland's Investment funds over the past number of months.
Interest Rates*
Current rate as at
30 June 2011
31 December 2010 30 June 2010
EUR 1.25% 1.00% 1.00%
GBP 0.50% 0.50% 0.50%
USD 0.25% 0.25% 0.25%
Source: Bloomberg & Factset
Stock Markets**
As at 30 June 2011 1 Month change QTD change 12 Months change
S&P 500 1320.64 -1.83% 12.93% 28.13%
Nasdaq 100 2325.07 -2.00% 18.73% 33.69%
FTSE 100 5945.71 -0.74% 4.68% 20.92%
Eurostoxx 50 2810.39 -2.07% -4.54% 8.74%
Topix 849.22 1.28% -13.24% 0.93%
ISEQ 2953.29 -0.55% -7.06% 2.59%
Source: Bloomberg & Factset. Price Return in Local Currency of each Index
Exchange Rate Movements**
As at 30 June 2011 1 Month change QTD change 12 Months change
EUR/GBP 0.905 3.63% 2.70% 10.73%
EUR/USD 1.447 0.41% 1.76% 17.85%
GBP/USD 1.603 -1.45% 2.38% 5.67%
EUR/JPY 116.367 -1.06% -1.21% 6.86%
Source: Bloomberg & Factset
Commodities**
As at 30 June 2011 1 Month change QTD change 12 Months change
Brent Crude Index ($) 110.82 -3.43% 36.38% 46.39%
Gold USD/oz 1500.35 -2.31% 34.77% 20.78%
Source: Bloomberg & Factset
10 Year Government Bond Yields
Current Yield As at
30 June 2011
31 December 2010 30 June 2010
US 3.16% 3.29% 2.93%
UK 3.38% 3.40% 3.36%
Germany 3.03% 2.96% 2.58%
China 3.89% 3.91% 3.31%
Source: Bloomberg & Factset
* Interest rates quoted are the ECB main refinance rate, UK Bank of England official bank rate and the Fed funds target rate.
** Note: Figures are based on movements from 01 June 2011 to 30 June 2011, from 01 April 2011 to 30 June 2011 and 01 July 2010 to 30 June 2011.
3

OUR INVESTMENT PARTNERS
About New Ireland
Established in 1918, New Ireland Assurance was the
first wholly Irish owned life assurance company to
transact business in the country. A wholly owned
subsidiary of Bank of Ireland since 1997, New Ireland
is one of Ireland's largest life assurers, providing a
comprehensive range of investment, protection,
savings and pensions products.
New Ireland has evolved and grown over what is
nearly a century of business to ensure that our clients'
changing needs are always met through a quality,
professional service. Headquartered in Dublin, New
Ireland Assurance employs over 1,000 people
throughout Ireland.
Since its launch in 2001 and in conjunction with our
investment partners, we have won 17 of MoneyMate's
Investment Fund Awards.
In today's investment market investors have many
different needs and wants. To ensure that we can
meet this array of needs we have chosen a range of
investment partners that combine different strengths
which present a robust investment offering such as a
choice of investment styles, from active to passive
investing across asset classes, countries and sections.
These partners include: State Street Global Advisors
(SSgA), Bloxham, Kleinwort Benson Investors and
BNY Mellon Asset Management.
State Street Global Advisors
State Street Global Advisors (SSgA), the asset
management business of State Street Corporation,
established its 10th investment centre, State Street
Global Advisors Ireland Limited, with the acquisition of
Bank of Ireland Asset Management in January 2011.
State Street Global Advisors is a global leader in asset
management relied on by sophisticated investors
worldwide for their disciplined investment process,
powerful global investment platform and access to
every major asset class, capitalization range and style.
SSgA is the asset management business of State
Street, one of the world's leading providers of financial
services to institutional investors.
Bloxham
Bloxham is an independent financial services provider
that has been operating in Ireland for over 100 years.
Bloxham's Wealth Management division was set up in
2000, and aims to add value for investors through
objective analysis and innovative strategic thought.
Bloxham manages a number of funds available to New
Ireland including Trilogy II, Discovery, Bloxham High
Yield Fund and Bloxham Geared High Yield Fund.
Kleinwort Benson Investors
Kleinwort Benson Investors (formerly KBC Asset
Management) is known for developing and managing a
diversified range of unique investment products for both
Irish and international clients. The company has a
global client base with clients located in Ireland, US,
Canada, UK, Japan, Korea, and Taiwan. The company
is part of the RHJI Group and is a sister company of
Kleinwort Benson, the UK financial services institution
with roots dating back to the 1850s. RHJI is publicly
listed on the Brussels Euronext stock exchange and
has offices in Tokyo, Brussels, Zurich, London and New
York.
BNY Mellon Asset Management
BNY Mellon Asset Management is a global investment
leader. The company operates a multi-boutique model
with a number of expert boutique investment managers.
This allows BNY Mellon to benefit from international
scale yet harness the skill of world-class specialists,
i n c l u d i n g f o r e x a m p l e , N e w t o n I n v e s t m e n t
Management. Each investment manager employs their
own unique investment philosophy and proprietary
investment management process and each are leaders
in their field. The BNY Mellon structure provides these
boutique investment managers with access to the
resources and financial backing of a global investment
firm. This allows them to stay ahead of market trends
and to be at the forefront of investment management.
BNY Mellon Asset Management is represented
internationally with offices based in major financial
centres throughout the globe.
4

HIGHLIGHTED FUND FOR QUARTER 2 -
PROTECTED ASSETS
With over €65m invested in just over 6 months, our period has already increased as early growth in the fund
Protected Many Spotlight investors Assets offers remain investors Fund quite is one access cautious of the to in fastest SSgA their approach
Ireland’s growing has seen • Reduce the protection exposure level to rise stock 95.3% markets (as of during June
funds to leading investing portfolio the and Irish are of market. stock demanding ideas Uncertainty greater and reflects downside in the the global
stock risk 6 th )*. The result times of this uncertainty early growth - to limit is that exposure between from now
economic
protection, picking skills recovery
whilst of a is
at select clearly
the same team coming
time of through analysts.
seeking
in stock
As
the
a and the year any end market the most falls. the fund can fall (from its price
opportunity that long term stock market investment
market
can concentrated
potentially
volatility fund over
offer. – the it
In typically past
response,
few holds months
there between with
are
investors
15
many
and on June 6th) is no longer 10% but in fact just 4.7%.
remaining investment 40 stocks very – it offerings is cautious a pure available and in their honed approach today expression that to investing, typically
of SSgA 2. Explicit downside protection
demanding provide Ireland’s some value greater form philosophy downside of downside of risk investing protection. risk protection. in high quality To The The result Protected of all of Assets these Fund key points includes is that another Protected layer of
provide the protection many of these move a large
protection for clients. By using a protection policy, the
businesses which SSgA Ireland believe trade cheap to Assets Fund provides your clients with:
portion of clients' money into safe assets such as cash
Fund provides an explicit promise that in any calendar
Protected their fair value. Assets Fund is a unique offering, unlike any
when markets fall. What happens next is that clients
year, the value of an investment in the Fund (before
other protected fund in the Irish market today. We have • A passive investment approach
then find that due to the high proportion of their fund
charges are deducted) can never fall below 90% of its
all The learned fund from is not the constrained past that funds by offering its benchmark protection (the in
invested in cash, they are precluded from any
highest
• Benefit
value
of
in that
dividends
calendar
by linking
year**.
to
This
total
provides
return
subsequent MSCI World
upturn Index)
or and
recovery simply selects in the markets.
the most explicit
indices
a volatile market typically have to move a large amount
protection for times of severe market disruption.
• A dynamic investment strategy, with explicit
of We compelling clients’ Bank money stock of Ireland into ideas safe Life regardless assets have such spent of as geography a cash lot of with timeor
a
downside protection
large looking industry. number at For what example, of these we believe in funds contrast to becoming to the its weaknesses benchmark, ‘cash locked’.
the in Participate
• No risk
in
of
any
being
market
cash locked
recovery
and precluded
- many of
from
the
This the fund protected effectively currently funds holds meant space. no that utility We clients stocks. are confident had In a little similar that or vein, our no existing protected solutions available today run the risk
any market recovery after a period of decline
new Protected Assets Fund provides a solution to of clients missing out on market recoveries due to the
prospect the fund’s of exposure getting back to Hong into equities Kong-listed subsequently stocks is
clients that is truly the first of its kind in the Irish bulk
•
of
No
clients'
cap on
money
upside
actually
growth
being in cash in order to
becoming
market.
driven by precluded the cheap from quality any stocks upturn we or find recovery there and in protect • Return values in linked a falling to market. the performance This simply can of not 5
markets.
not by its weight in the benchmark – incidentally happen mainstream the Protected global stock-market Assets Fund. indices. The Fund has
The Spotlight’s
Protected recent
Assets exposure
Fund
to Hong Kong stocks was been designed so that exposure to equities can rise
The
There almost Protected
are double Assets
a number its exposure Fund is
of key to linked
questions Swiss to stocks. the performance The
that I believe we
quickly Protected once Assets markets Fund stabilise. is available across the New
of must five ask mainstream when considering global stock any market protected indices, investment namely Ireland product platform and suitable for both single and
Eurostoxx fund The fund for clients. 50 manager (50%), Questions achieves S&P 500 such this (25%), portfolio as - FTSE what positioning is 100 potential (10%),
by regular Unlimited premium growth products. potential The - there fund are is daily no limits priced or with any
Nikkei growth working 225 dependant closely (10%) with and on, the MSCI how research is Emerging the team downside in Markets distilling protection (5%).
a list no restrictions minimum on lock the in upside period, growth and offers potential a unique for clients solution of
The provided, of thoroughly percentage are there researched exposure any limits indicated investment on the upside was ideas at growth time into of
a to the act Protected as the foundation Assets Fund. or core part of any pension or
the investment, to mention just a few. The Protected
launch portfolio and of high this conviction can vary. stocks The offering fund aims an attractive to take investment portfolio. Full details of the Protected Assets
Assets Fund has taken many of these issues into
advantage The Protected Assets fund is an ideal solution, whether
consideration, risk-reward of profile. both addresses the The growth fund
these and manager
weaknesses income therefore opportunities and draws Fund are available from your Broker Consultant or in aims looking for a single investment or for a fund to act as
offered to firstly deliver on from the to these depth clients indices and long breadth which term are of capital experience total growth return of indices while
SSgA fund brochure available on www.newireland.ie
part of an overall portfolio. This truly unique new fund
or explicitly Ireland’s equivalent managing research and therefore team market and risk: include uses his the experience, benefit of can act as the foundation or core part of any pension or
dividends. analysis and As the judgement fund is in based constructing passive a portfolio equity
For the Protected Assets Fund, the Governor and
investment portfolio.
investment, Growth which aims - it growth to does outperform not potential involve the manager market. for clients risk. in the Fund
Company
* The indices
of the
and
Bank
relative
of Ireland
exposure
is the
to
current
each
provider
index can
of
comes from exposure to five mainstream global stock the be protection varied at any and time. the return to New Ireland. New Ireland
Managing market Because indices*, of market its namely high-conviction risk: Eurostoxx The Protected nature 50 (50%), Assets the S&P fund Fund 500
is will ** pass For the on Protected the full value Assets of the Fund, amounts the it Governor receives from and
uses (25%), suitable a dynamic FTSE to 100 investors risk (10%), management who Nikkei have 225 strategy, (10%) an appropriate and which MSCI is Bank Company of Ireland of the to Bank investors. of Ireland If for is any the current reason provider Bank of
Emerging Markets (5%). The Fund aims to take of the protection to Bank of Ireland Life. Bank of Ireland
based investment on a very horizon simple and concept;
are willing to accept the higher Ireland cannot meet its obligations, investors could lose
advantage of both the growth and income Life will pass on the full value of the amounts it receives
opportunities level of risk that offered is associated from with exposure this type to of company
strategy. some
from
or
Bank
all of
of
their
Ireland
investment
to investors.
in the
If
fund.
for any
The
reason
protection
Bank
in
shares As • a Increase concentrated by including exposure the fund benefits to stock may from be markets dividends. suited during
to The
a the of fund Ireland is before cannot charges meet are its deducted. obligations, investors could
importance core-satellite times of approach of stability dividends to where gain from should investors potential never allocate positive be
a lose some or all of their investment in this Fund.
underestimated. market performance
portion of their assets Dividend to an active payments higher risk can strategy be a * Performance is quoted gross of tax and fund management charges.
significant • Reduce
while
contributor exposure to investors' stock markets long term during returns. times
retaining the bulk of of their assets in a more
of uncertainty to limit exposure from any market
moderate strategy.
Managing moderate fallsrisk market strategy. risk - a two pronged approach
1. The Dynamic success investment of this approach management is evident strategy in - the
With the
first The level
the success fund
of risk
now of management this up and approach running
within is the
since evident Fund
September
is similar in the
2010, exceptional performance of the Spotlight fund over the
to exceptional the this concept process performance we can introduced be of clearly the Spotlight seen with to fund our be working over hugely the
effectively successful three years
three years with Secure to the
to the the equity Advantage end of February
end exposure of February series to date of 2011.
2011. investments:
having The fund
The been fund
as outperformed •
outperformed low as 45% Increase and the benchmark
the benchmark as client's high as exposure 90%. by 15.28%
by 15.28%*
to stock en route
en route
markets to a
to a
cumulative during return times of 24.4%* of stock in market the three-year stability period. - to gain
cumulative
from
return
potential
of 24.4%*
positive
in the
market
three-year
performance.
period.
Explicit downside protection: The Protected Assets
Fund * Performance is quoted gross of taxation and net of
Performance includes another is quoted vital gross layer of of taxation protection and for net your of
1.5% p.a. fund management charges. Andy Ivory-Corr,
clients, 1.5% p.a. with fund an explicit management promise charges. that before charges, the
Head of Investment Sales
fund cannot fall below 90% of its highest value in any
calendar year. In practice the protection level for this
5

SECUREADVANTAGE INDEX LEVELS
The Index level for each SecureAdvantage product is calculated on each trading day based on the performance of
the underlying indices for that product and the participation rate on that day. So, the Index levels shown in the
table below already take into account the participation rates that have applied to date on each
SecureAdvantage product.
Please note that each SecureAdvantage index started at 100 on the relevant strike date and the table below gives
an indication of how the various SecureAdvantage indices are currently performing.
Index
Strike Date
Index Level as at Participation rate as at
30th June 2011*
30th June 2011*
SecureAdvantage Index 20-Apr-09 118.5 99%
SecureAdvantage 2 Index 08-Jun-09 113.9 110%
SecureAdvantage 3 Index 30-Jul-09 109.8 110%
SecureAdvantage 4 Index 24-Sep-09 106.9 111%
SecureAdvantage 5 Index 17-Nov-09 104.7 112%
SecureAdvantage 6 Index 22-Dec-09 102.3 111%
SecureAdvantage 7 Index 26-Feb-10 104.3 108%
SecureAdvantage 8 Index 16-Apr-10 97.2 108%
SecureAdvantage 9 Index 28-May-10 103.4 106%
SecureAdvantage 10 Index 14-Jul-10 102.5 107%
SecureAdvantage 11 Index 01-Sep-10 103.3 108%
SecureAdvantage 12 Index 20-Oct-10 100.8 109%
SecureAdvantage 13 Index 08-Dec-10 96.8 106%
SecureAdvantage 14 Index 01-Feb-11 93 107%
SecureAdvantage 15 Index 23-Mar-11 98.9 108%
SecureAdvantage 16 Index 11-May-11 97.2 108%
Please note that index levels before maturity do not reflect the underlying value of the investment. Terms and
conditions, including the indices making up the Secure Advantage Index, are different for each Secure Advantage
product. Further information can be obtained from the relevant Policy Conditions.
* The Participation rate and the Index Level can and will vary over the term of the investment.
Suitable For Low Risk Investors
Note: Figures as at 30 June 2011. All charges are implicit in the terms of each SecureAdvantage product. Any gains are subject to life
assurance tax. Past performance is not a reliable guide to future performance. The value of your investment may go down as well as up.
6

Image description.
CASH FUND
At a glance
Aim
Style
Asset Mix
Managed By
Risk
To maintain the value of investors' capital while generating a return in line with
short-term deposit rates, before charges
Actively Managed
The fund invests primarily in cash deposits, high quality floating rate notes
and other similar short-dated investments/instruments
State Street Global Advisors Ireland Limited
Low risk
Performance to 01 July 2011
1 Month 0.1%
3 Months 0.1%
YTD 0.3%
1 Year 0.3%
3 Years 0.6% p.a.
5 Years 1.3% p.a.
10 Years 1.1% p.a.
5 Line Year graph Performance with 1 line to and 01 1827 July 2011
Y scale titled Scale label. points.
Line 1, 1, Deposit 01/07/2006 Fund Series 9.
2, 3, 02/07/2006 03/07/2006 4, 04/07/2006 5, 05/07/2006 6, 06/07/2006 7, 07/07/2006 8, 08/07/2006 9, 09/07/2006 is 10, 10/07/2006 0%.
11, 11/07/2006 12, 12/07/2006 0%.
13, 13/07/2006 14, 14/07/2006 15, 15/07/2006 16, 16/07/2006 17, 17/07/2006 18, 18/07/2006 19, 19/07/2006 20, 20/07/2006 21, 21/07/2006 22, 22/07/2006 23, 23/07/2006 24, 24/07/2006 25, 25/07/2006 26, 26/07/2006 27, 27/07/2006 28, 28/07/2006 29, 29/07/2006 30, 30/07/2006 31, 31/07/2006 32, 01/08/2006 33, 02/08/2006 34, 03/08/2006 35, 04/08/2006 36, 05/08/2006 37, 06/08/2006 38, 07/08/2006 39, 08/08/2006 40, 09/08/2006 41, 10/08/2006 42, 11/08/20068%
43, 12/08/2006 44, 13/08/2006 45, 14/08/2006 46, 15/08/2006 47, 16/08/2006 48, 17/08/2006 49, 18/08/2006 0.1%.
50, 19/08/2006 51, 20/08/2006 52, 21/08/2006 53, 22/08/2006 54, 23/08/2006 55, 24/08/2006 56, 25/08/2006 57, 26/08/2006 58, 27/08/2006 59, 28/08/2006 60, 29/08/2006 61, 30/08/2006 62, 31/08/2006 63, 01/09/2006 64, 02/09/2006 65, 03/09/2006 66, 04/09/20066%
67, 05/09/2006 0.2%.
68, 06/09/2006 69, 07/09/2006 70, 08/09/2006 71, 09/09/2006 72, 10/09/2006 73, 11/09/2006 74, 12/09/2006 75, 13/09/2006 76, 14/09/2006 77, 15/09/2006 78, 16/09/2006 79, 17/09/2006 80, 18/09/2006 81, 19/09/2006 82, 20/09/2006 0.3%.
83, 21/09/2006 84, 22/09/2006 85, 23/09/2006 86, 24/09/2006 87, 25/09/2006 88, 26/09/2006 89, 27/09/2006 90, 28/09/2006 91, 29/09/2006 92, 30/09/2006 93, 01/10/2006 94, 02/10/2006 95, 03/10/2006 96, 04/10/2006 97, 05/10/2006 98, 06/10/2006 99, 07/10/2006 is 100, 08/10/2006 0.4%.
101, 09/10/2006 102, 10/10/2006 103, 11/10/2006 104, 12/10/2006 105, 13/10/2006 106, 14/10/2006 107, 15/10/2006 108, 16/10/2006 109, 17/10/2006 110, 18/10/2006 111, 19/10/2006 112, 20/10/2006 113, 21/10/2006 114, 22/10/2006 115, 23/10/2006 116, 24/10/20062%
117, 25/10/2006 0.4%.
118, 26/10/2006 119, 27/10/2006 120, 28/10/2006 121, 29/10/2006 122, 30/10/2006 123, 31/10/2006 124, 01/11/2006 0.5%.
125, 02/11/2006 126, 03/11/2006 127, 04/11/2006 128, 05/11/2006 129, 06/11/2006 130, 07/11/2006 131, 08/11/2006 132, 09/11/2006 133, 10/11/2006 134, 11/11/2006 135, 12/11/2006 136, 13/11/2006 137, 14/11/2006 0.6%.
138, 15/11/2006 139, 16/11/2006 140, 17/11/2006 141, 18/11/20060%
142, 19/11/2006 143, 20/11/2006 144, 21/11/2006 145, 22/11/2006 146, 23/11/2006 147, 24/11/2006 148, 25/11/2006 149, 26/11/2006 150, 27/11/2006 151, 28/11/2006 152, 29/11/2006 153, 30/11/2006 154, 01/12/2006 155, 02/12/2006 156, 03/12/2006 157, 04/12/2006 158, 05/12/2006 159, 06/12/2006 160, 07/12/2006 161, 08/12/2006 162, 09/12/2006 163, 10/12/2006 164, 11/12/2006 165, 12/12/2006 0.7%.
166, 13/12/2006 167, 14/12/2006 168, 15/12/2006 169, 16/12/2006 170, 17/12/2006 171, 18/12/2006 172, 19/12/2006 173, 20/12/2006 174, 21/12/2006 175, 22/12/2006 176, 23/12/2006 177, 24/12/2006 178, 25/12/2006 179, 26/12/2006 180, 27/12/2006 181, 28/12/2006 182, 29/12/2006 0.8%.
183, 30/12/2006 184, 31/12/2006 185, 01/01/2007 186, 02/01/2007 187, 03/01/2007 188, 04/01/2007 189, 05/01/2007 0.9%.
190, 06/01/2007 191, 07/01/2007 192, 08/01/2007 193, 09/01/2007 Point 194, 10/01/2007 is 1%.
5 Year Performance to 01 July 2011
Cumulative Return
01/
07/
2006
17/
01/
2007
05/
08/
2007
21/
02/
2008
08/
09/
2008
27/
03/
2009
13/
10/
2009
01/
05/
2010
17/
11/
2010
05/
06/
2011
Calendar Year Performance
2010 2009 2008 2007 2006
-0.3% 0.5% 2.7% 2.3% 1.4%
Yield as at 30 June 2011 1.24%
Logon to www.newireland.ie for the most recent fund information
Performance is based on the price calculated for 01 July 2011, which is calculated using close of market prices from the previous working day.
Source: MoneyMate. Performance is quoted gross of taxation and net of 1.5% p.a. fund management charges. Yield is quoted gross of taxation
and policy charges. This yield is variable and will change daily. Past performance is not a reliable guide to future performance. The value of your
investment may go down as well as up.
7

Image description.
GILT FUND
At a glance
Aim
Style
To generate medium to long term capital growth by investing in a range of
government securities and top quality corporate bonds.
Actively Managed
Asset Mix
Bonds
Managed By
Risk
State Street Global Advisors Ireland Limited
Medium Risk
Performance to 01 July 2011
1 Month -0.8%
3 Months 1.1%
YTD -0.8%
1 Year -3.7%
3 Years 4.8% p.a.
5 Years 2.3% p.a.
10 Years 3.5% p.a.
5 Line Year graph Performance with 1 line to and 01 1827 July 2011
Y scale titled Scale label. points.
Line 1, 1, Gilt 01/07/2006 Fund Series 9.
2, 3, 02/07/2006 03/07/2006 4, 04/07/2006 0%.
5, 05/07/2006 -0.1%.
6, 06/07/2006 0%.
7, 07/07/2006 -0.4%.
8, 08/07/2006 -0.3%.
9, 09/07/2006 is 10, 10/07/2006 0.1%.
11, 11/07/2006 12, 12/07/2006 -0.1%.
13, 13/07/2006 0.2%.
14, 14/07/2006 -0.1%.
15, 15/07/2006 0.2%.
16, 16/07/2006 17, 17/07/2006 18, 18/07/2006 0.7%.
19, 19/07/2006 0.6%.
20, 20/07/2006 0.4%.
21, 21/07/2006 22, 22/07/2006 0.7%.
23, 23/07/2006 24, 24/07/2006 25, 25/07/2006 26, 26/07/2006 27, 27/07/2006 0.9%.
28, 28/07/2006 0.7%.
29, 29/07/2006 1%.
30, 30/07/2006 31, 31/07/2006 32, 01/08/2006 33, 02/08/2006 34, 03/08/2006 35, 04/08/2006 1.2%.
36, 05/08/2006 0.9%.
37, 06/08/2006 38, 07/08/2006 39, 08/08/2006 40, 09/08/2006 41, 10/08/2006 1.4%.
42, 11/08/2006 30%
43, 12/08/2006 1.2%.
44, 13/08/2006 45, 14/08/2006 46, 15/08/2006 0.9%.
47, 16/08/2006 0.8%.
48, 17/08/2006 1%.
49, 18/08/2006 1.3%.
50, 19/08/2006 1.4%.
51, 20/08/2006 52, 21/08/2006 53, 22/08/2006 1.6%.
54, 23/08/2006 1.9%.
55, 24/08/2006 2.3%.
56, 25/08/2006 2.2%.
57, 26/08/2006 2.3%.
58, 27/08/2006 59, 28/08/2006 60, 29/08/2006 61, 30/08/2006 2.4%.
62, 31/08/2006 2.2%.
63, 01/09/2006 2.4%.
64, 02/09/2006 65, 03/09/2006 66, 04/09/2006 67, 05/09/2006 20%
68, 06/09/2006 2.7%.
69, 07/09/2006 2.5%.
70, 08/09/2006 2.1%.
71, 09/09/2006 2.2%.
72, 10/09/2006 73, 11/09/2006 74, 12/09/2006 2.6%.
75, 13/09/2006 2.5%.
76, 14/09/2006 2.2%.
77, 15/09/2006 78, 16/09/2006 2.6%.
79, 17/09/2006 80, 18/09/2006 81, 19/09/2006 2.7%.
82, 20/09/2006 2.4%.
83, 21/09/2006 2.7%.
84, 22/09/2006 2.8%.
85, 23/09/2006 2.9%.
86, 24/09/2006 87, 25/09/2006 88, 26/09/2006 3.4%.
89, 27/09/2006 3.6%.
90, 28/09/2006 3.7%.
91, 29/09/2006 10%
3.6%.
92, 30/09/2006 3.5%.
93, 01/10/2006 94, 02/10/2006 95, 03/10/2006 3.4%.
96, 04/10/2006 3.5%.
97, 05/10/2006 3.1%.
98, 06/10/2006 3.4%.
99, 07/10/2006 is 3.3%.
100, 08/10/2006 3.1%.
101, 09/10/2006 102, 10/10/2006 103, 11/10/2006 3.1%.
104, 12/10/2006 105, 13/10/2006 106, 14/10/2006 2.7%.
107, 15/10/2006 108, 16/10/2006 109, 17/10/2006 110, 18/10/2006 2.6%.
111, 19/10/2006 2.8%.
112, 20/10/2006 2.7%.
113, 21/10/2006 2.5%.
114, 22/10/2006 115, 23/10/2006 116, 24/10/2006 2.6%.
117, 25/10/2006 118, 26/10/2006 0%
119, 27/10/2006 2.2%.
120, 28/10/2006 2.5%.
121, 29/10/2006 122, 30/10/2006 123, 31/10/2006 124, 01/11/2006 3%.
125, 02/11/2006 3.7%.
126, 03/11/2006 4%.
127, 04/11/2006 3.7%.
128, 05/11/2006 129, 06/11/2006 130, 07/11/2006 3.4%.
131, 08/11/2006 3.2%.
132, 09/11/2006 3.7%.
133, 10/11/2006 3.6%.
134, 11/11/2006 3.7%.
135, 12/11/2006 136, 13/11/2006 137, 14/11/2006 3.9%.
138, 15/11/2006 3.7%.
139, 16/11/2006 4%.
140, 17/11/2006 141, 18/11/2006
-10%
3.7%.
142, 19/11/2006 143, 20/11/2006 144, 21/11/2006 4%.
145, 22/11/2006 146, 23/11/2006 147, 24/11/2006 4.1%.
148, 25/11/2006 3.9%.
149, 26/11/2006 150, 27/11/2006 151, 28/11/2006 4.2%.
152, 29/11/2006 4%.
153, 30/11/2006 4.1%.
154, 01/12/2006 4%.
155, 02/12/2006 4.2%.
156, 03/12/2006 157, 04/12/2006 158, 05/12/2006 159, 06/12/2006 4.5%.
160, 07/12/2006 4.4%.
161, 08/12/2006 4.3%.
162, 09/12/2006 4.2%.
163, 10/12/2006 164, 11/12/2006 165, 12/12/2006 4%.
166, 13/12/2006 167, 14/12/2006 3.9%.
168, 15/12/2006 3.8%.
169, 16/12/2006 3.6%.
170, 17/12/2006 171, 18/12/2006 172, 19/12/2006 3.4%.
173, 20/12/2006 3.2%.
174, 21/12/2006 2.8%.
175, 22/12/2006 2.9%.
176, 23/12/2006 2.7%.
177, 24/12/2006 178, 25/12/2006 179, 26/12/2006 180, 27/12/2006 181, 28/12/2006 182, 29/12/2006 183, 30/12/2006 2.1%.
184, 31/12/2006 185, 01/01/2007 186, 02/01/2007 187, 03/01/2007 2.2%.
188, 04/01/2007 2.4%.
189, 05/01/2007 2.2%.
190, 06/01/2007 2.4%.
191, 07/01/2007 192, 08/01/2007 193, 09/01/2007 Point 194, 10/01/2007 is 2%. 1.7%.
5 Year Performance to 01 July 2011
Cumulative Return
01/
07/
2006
17/
01/
2007
05/
08/
2007
21/
02/
2008
08/
09/
2008
27/
03/
2009
13/
10/
2009
01/
05/
2010
17/
11/
2010
05/
06/
2011
Calendar Year Performance
2010 2009 2008 2007 2006
0.4% 2.9% 8.4% -1.6% -3.4%
8
Logon to www.newireland.ie for the most recent fund information
Performance is based on the price calculated for 01 July 2011, which is calculated using close of market prices from the previous working day.
Source: MoneyMate. Performance is quoted gross of taxation and net of 1.5% p.a. fund management charges. Past performance is not a
reliable guide to future performance. The value of your investment may go down as well as up.

Image description.
ELEMENTS
At a glance
Aim
Style
To earn long term capital growth for investors with lower risk than that
experienced by traditional managed funds
Actively Managed and strong focus on the management of investment risk.
Asset Mix
Highly Diversified
Managed By
State Street Global Advisors Ireland Limited
Total Fund Size
Risk
€26.7m
Medium Risk
Performance to 01 July 2011
1 Month -0.9%
3 Months 0.1%
YTD -0.5%
1 Year 4.0%
3 Years -
5 Years -
10 Years -
Image description.
1 Line Year graph Performance with 1 line to and 01 366 July points. 2011
Y Line scale 1, Elements titled Scale S9. label.
1, 2, 01/07/2010 02/07/2010 0%.
3, 03/07/2010 -0.4%.
4, 04/07/2010 5, 05/07/2010 6, 06/07/2010 7, 07/07/2010 -0.3%.
8, 08/07/2010 0%.
9, 09/07/2010 is 0.4%.
10, 10/07/2010 0.7%.
11, 11/07/2010 12, 12/07/2010 13, 13/07/2010 0.9%.
14, 14/07/2010 1%.
15, 15/07/2010 16, 16/07/2010 1.2%.
17, 17/07/2010 1%.
18, 18/07/2010 19, 19/07/2010 20, 20/07/2010 0.6%.
21, 21/07/2010 0.5%.
22, 22/07/2010 23, 23/07/2010 0.8%.
24, 24/07/2010 1.3%.
25, 25/07/2010 26, 26/07/2010 27, 27/07/2010 1.4%.
28, 28/07/2010 1.5%.
29, 29/07/2010 30, 30/07/2010 31, 31/07/2010 1.6%.
32, 01/08/2010 33, 02/08/2010 34, 03/08/2010 35, 04/08/2010 1.7%.
36, 05/08/2010 2.6%.
37, 06/08/2010 2.7%.
38, 07/08/2010 2.8%.
39, 08/08/2010 40, 09/08/2010 41, 10/08/2010 2.6%.
42, 11/08/2010 2.8%.
43, 12/08/2010 2.5%.
44, 13/08/2010 2.1%.
45, 14/08/2010 46, 15/08/2010 47, 16/08/2010 48, 17/08/2010 1.9%.
49, 18/08/2010 2%.
50, 19/08/2010 2.4%.
51, 20/08/2010 2.5%.
52, 21/08/2010 53, 22/08/2010 54, 23/08/2010 55, 24/08/2010 56, 25/08/2010 2.1%.
57, 26/08/2010 58, 27/08/2010 1.8%.
59, 28/08/2010 1.9%.
60, 29/08/2010 61, 30/08/2010 62, 31/08/2010 2.1%.
63, 01/09/2010 64, 02/09/2010 2%.
65, 03/09/2010 2.5%.
66, 04/09/2010 2.7%.
67, 05/09/2010 4%
68, 06/09/2010 69, 07/09/2010 2.9%.
70, 08/09/2010 3.1%.
71, 09/09/2010 72, 10/09/2010 3%.
73, 11/09/2010 74, 12/09/2010 75, 13/09/2010 76, 14/09/2010 3.1%.
77, 15/09/2010 3.4%.
78, 16/09/2010 3.5%.
79, 17/09/2010 3.4%.
80, 18/09/2010 3.1%.
81, 19/09/2010 82, 20/09/2010 83, 21/09/2010 3.2%.
84, 22/09/2010 3.6%.
85, 23/09/2010 3.5%.
86, 24/09/2010 3.4%.
87, 25/09/2010 3.3%.
88, 26/09/2010 89, 27/09/2010 90, 28/09/2010 3.6%.
91, 29/09/2010 92, 30/09/2010 3.7%.
93, 01/10/2010 3.5%.
94, 02/10/2010 3.4%.
95, 03/10/2010 96, 04/10/2010 97, 05/10/2010 3.6%.
98, 06/10/2010 3.5%.
99, 07/10/2010 is 4%.
100, 08/10/2010 4.2%.
101, 09/10/2010 102, 10/10/2010 103, 11/10/2010 104, 12/10/2010 4.2%.
105, 13/10/2010 106, 14/10/2010 4.5%.
107, 15/10/2010 108, 16/10/2010 4.7%.
109, 17/10/2010 110, 18/10/2010 111, 19/10/2010 4.4%.
112, 20/10/2010 4.5%.
113, 21/10/2010 4.2%.
114, 22/10/2010 115, 23/10/2010 4.3%.
116, 24/10/2010 117, 25/10/2010 0%
118, 26/10/2010 119, 27/10/2010 120, 28/10/2010 4.2%.
121, 29/10/2010 3.9%.
122, 30/10/2010 123, 31/10/2010 124, 01/11/2010 125, 02/11/2010 4%.
126, 03/11/2010 4.2%.
127, 04/11/2010 4.3%.
128, 05/11/2010 4.5%.
129, 06/11/2010 5.1%.
130, 07/11/2010 131, 08/11/2010 132, 09/11/2010 133, 10/11/2010 5.2%.
134, 11/11/2010 5.1%.
135, 12/11/2010 136, 13/11/2010 4.9%.
137, 14/11/2010 138, 15/11/2010 139, 16/11/2010 140, 17/11/2010 4.3%.
141, 18/11/2010
-2%
142, 19/11/2010 3.6%.
143, 20/11/2010 144, 21/11/2010 145, 22/11/2010 146, 23/11/2010 147, 24/11/2010 3.8%.
148, 25/11/2010 3.5%.
149, 26/11/2010 150, 27/11/2010 3.6%.
151, 28/11/2010 152, 29/11/2010 153, 30/11/2010 3.4%.
154, 01/12/2010 3.1%.
155, 02/12/2010 3%.
156, 03/12/2010 3.4%.
157, 04/12/2010 158, 05/12/2010 159, 06/12/2010 160, 07/12/2010 3.7%.
161, 08/12/2010 162, 09/12/2010 3.8%.
163, 10/12/2010 3.6%.
164, 11/12/2010 165, 12/12/2010 166, 13/12/2010 167, 14/12/2010 168, 15/12/2010 169, 16/12/2010 3.8%.
170, 17/12/2010 171, 18/12/2010 3.7%.
172, 19/12/2010 173, 20/12/2010 174, 21/12/2010 3.8%.
175, 22/12/2010 4.1%.
176, 23/12/2010 4.3%.
177, 24/12/2010 178, 25/12/2010 4.6%.
179, 26/12/2010 180, 27/12/2010 181, 28/12/2010 182, 29/12/2010 183, 30/12/2010 184, 31/12/2010 185, 01/01/2011 186, 02/01/2011 187, 03/01/2011 188, 04/01/2011 189, 05/01/2011 4.5%.
190, 06/01/2011 4.7%.
191, 07/01/2011 4.8%.
192, 08/01/2011 193, 09/01/2011 Point 194, 10/01/2011 is 4.9%.
1 Year Performance to 01 July 2011
Cumulative Return
01/
07/
2010
09/
10/
2010
17/
01/
2011
27/
04/
2011
Calendar Year Performance
2010 2009 2008 2007 2006
- - - - -
Asset Pie chart Split with as 6 at items. 30 June 2011
1, 2, Corporate Cash 23% Bonds 23. 30% 30.
3, 4, Equities Government 15% Bonds 15.
5, Alternative Investments 14% 13% 14.
Item 6, Property 5% 5.
13.
End of image description.
Asset Split as at 30 June 2011
Corporate Bonds 30%
Cash 23%
Equities 15%
Government Bonds 14%
Alternative Investments 13%
Property 5%
Image description.
Equity Pie chart Split with as 7 at items. 30 June 2011
1, 2, North Eurozone American ex Ire Equities 17% 17. 49% 49.
3, 4, Pacific Japanese Basin Equities Equities 9% 12% 9. 12.
5, 6, UK Non-Euro Equities ex 7% UK 7.
Item 7, Irish Equities 2% 4% 2. 4.
End of image description.
Equity Split as at 30 June 2011
North American Equities 49%
Eurozone ex Ire 17%
Pacific Basin Equities 12%
Japanese Equities 9%
UK Equities 7%
Non-Euro ex UK 4%
Irish Equities 2%
Top 10 Equities (in alphabetical order)
Chevron
JP Morgan Chase & Company
Conocophillips Microsoft
Exxon Mobil Novartis
HSBC
Roche
Johnson & Johnson Wells Fargo & Company
Logon to www.newireland.ie for the most recent fund information
Performance is based on the price calculated for 01 July 2011, which is calculated using close of market prices from the previous working day.
Source: MoneyMate. Performance is quoted gross of taxation and net of 1.75% p.a. fund management charge. Past performance is not a
reliable guide to future performance. The value of your investment may go down as well as up.
9

Image description.
PROTECTED ASSETS FUND
At a glance
Aim
Style
To deliver long term capital growth for investors while explicitly managing
market risk
Dynamic investment strategy with explicit downside protection
Asset Mix
Risk
Exposure to global stock markets
Medium Risk
Performance to 01 July 2011
1 Month -0.8%
3 Months -1.3%
YTD -1.6%
1 Year -
3 Years -
5 Years -
10 Years -
Image description.
Performance Line graph with from 1 line 20 September and 285 points. 2010 to 01 July 2011
Y Line scale 1, Protected titled Scale Assets label.
1, 20/09/2010 Fund S9.
2, 3, 21/09/2010 22/09/2010 4, 23/09/2010 5, 24/09/2010 6, 25/09/2010 7, 26/09/2010 8, 27/09/2010 9, 28/09/2010 is 0%.
10, 29/09/2010 0.1%.
11, 30/09/2010 12, 01/10/2010 13, 02/10/2010 14, 03/10/2010 15, 04/10/2010 16, 05/10/2010 0.1%.
17, 06/10/2010 18, 07/10/2010 19, 08/10/2010 20, 09/10/2010 21, 10/10/2010 22, 11/10/2010 23, 12/10/2010 0.2%.
24, 13/10/2010 25, 14/10/2010 26, 15/10/2010 27, 16/10/2010 28, 17/10/2010 29, 18/10/2010 30, 19/10/2010 0.3%.
31, 20/10/2010 32, 21/10/2010 33, 22/10/2010 34, 23/10/2010 35, 24/10/2010 36, 25/10/2010 37, 26/10/2010 38, 27/10/2010 0.4%.
39, 28/10/2010 40, 29/10/2010 41, 30/10/2010 42, 31/10/2010 8%
43, 01/11/2010 44, 02/11/2010 0.5%.
45, 03/11/2010 46, 04/11/2010 47, 05/11/2010 48, 06/11/2010 49, 07/11/2010 50, 08/11/2010 51, 09/11/2010 0.6%.
52, 10/11/2010 53, 11/11/2010 54, 12/11/2010 55, 13/11/2010 56, 14/11/2010 57, 15/11/2010 58, 16/11/2010 0.7%.
59, 17/11/2010 60, 18/11/2010 61, 19/11/2010 62, 20/11/2010 63, 21/11/2010 64, 22/11/2010 65, 23/11/2010 0.8%.
66, 24/11/2010 67, 25/11/2010 68, 26/11/2010 69, 27/11/2010 70, 28/11/2010 71, 29/11/2010 72, 30/11/2010 0.9%.
73, 01/12/2010 1%.
74, 02/12/2010 75, 03/12/2010 0.9%.
76, 04/12/2010 1.2%.
77, 05/12/2010 78, 06/12/2010 79, 07/12/2010 1.4%.
80, 08/12/2010 1.5%.
81, 09/12/2010 1.9%.
82, 10/12/2010 2.1%.
83, 11/12/2010 2.3%.
84, 12/12/2010 85, 13/12/2010 86, 14/12/2010 2.4%.
87, 15/12/2010 88, 16/12/2010 2.6%.
89, 17/12/2010 2.4%.
90, 18/12/2010 2.6%.
91, 19/12/2010 92, 20/12/2010 93, 21/12/2010 2.4%.
94, 22/12/2010 2.8%.
95, 23/12/2010 3.4%.
96, 24/12/2010 97, 25/12/2010 3.6%.
98, 26/12/2010 99, 27/12/2010 is 100, 28/12/2010 2% 2.4%.
101, 29/12/2010 102, 30/12/2010 103, 31/12/2010 104, 01/01/2011 105, 02/01/2011 106, 03/01/2011 107, 04/01/2011 108, 05/01/2011 2.4%.
109, 06/01/2011 3%.
110, 07/01/2011 3.4%.
111, 08/01/2011 112, 09/01/2011 113, 10/01/2011 114, 11/01/2011 115, 12/01/2011 3.6%.
116, 13/01/2011 3.4%.
117, 14/01/2011 4.7%.
118, 15/01/2011 4.3%.
119, 16/01/2011 120, 17/01/2011 121, 18/01/2011 0% 4.6%.
122, 19/01/2011 4.5%.
123, 20/01/2011 4.8%.
124, 21/01/2011 4.1%.
125, 22/01/2011 126, 23/01/2011 127, 24/01/2011 128, 25/01/2011 3.9%.
129, 26/01/2011 4.2%.
130, 27/01/2011 3.7%.
131, 28/01/2011 4.1%.
132, 29/01/2011 4.4%.
133, 30/01/2011 134, 31/01/2011 135, 01/02/2011 136, 02/02/2011 3.5%.
137, 03/02/2011 4.6%.
138, 04/02/2011 4.7%.
139, 05/02/2011 4.8%.
140, 06/02/2011 141, 07/02/2011
-2%
142, 08/02/2011 5%.
143, 09/02/2011 5.9%.
144, 10/02/2011 5.8%.
145, 11/02/2011 5.4%.
146, 12/02/2011 147, 13/02/2011 148, 14/02/2011 149, 15/02/2011 5.5%.
150, 16/02/2011 151, 17/02/2011 5.9%.
152, 18/02/2011 153, 19/02/2011 154, 20/02/2011 20/
155, 21/02/2011 156, 22/02/2011 157, 23/02/2011 6.5%.
158, 24/02/2011 4.6%.
159, 25/02/2011 3.7%.
160, 26/02/2011 3.4%.
161, 27/02/2011 162, 28/02/2011 163, 01/03/2011 4.2%.
164, 02/03/2011 4.6%. 09/
165, 03/03/2011 4.1%.
166, 04/03/2011 3.5%.
167, 05/03/2011 168, 06/03/2011 169, 07/03/2011 170, 08/03/2011 3.4%.
171, 09/03/2011 3.2%.
172, 10/03/2011 3.7%.
173, 11/03/2011 3.6%.
174, 12/03/2011 3.1%. 2010
175, 13/03/2011 176, 14/03/2011 177, 15/03/2011 2.7%.
178, 16/03/2011 1.8%.
179, 17/03/2011 0.8%.
180, 18/03/2011 181, 19/03/2011 0.4%.
182, 20/03/2011 183, 21/03/2011 184, 22/03/2011 185, 23/03/2011 0.8%.
186, 24/03/2011 1.4%.
187, 25/03/2011 1.5%.
188, 26/03/2011 1.8%.
189, 27/03/2011 190, 28/03/2011 191, 29/03/2011 2%.
192, 30/03/2011 193, 31/03/2011 1.9%.
Point 194, 01/04/2011 is 2.3%. 2.1%.
Performance from 20 September 2010 to 01 July 2011
Cumulative Return
29/
12/
2010
08/
04/
2011
Calendar Year Performance
2010 2009 2008 2007 2006
- - - - -
Image description.
Equity Pie chart Split with as 5 at items. 30 June 2011
1, 2, Eurostoxx S&P 500 24% 50 52% 24. 52.
3, 4, FTSE Nikkei 100 22510% 9% 9. 10.
Item 5, Emerging Market Equities 5% 5.
End of image description.
Equity Split as at 30 June 2011
Eurostoxx 50 52%
S&P 500 24%
Asset Pie chart Split with as 3 at items. 30 June 2011
1, 2, Stock Cash 31% Market 31. Exposure 67% 67.
Item 3, Protection Asset 2% 2.
End of image description.
Asset Split as at 30 June 2011
FTSE 100 10%
Nikkei 225 9%
Emerging Market Equities 5%
Stock Market Exposure 67%
Cash 31%
Protection Asset 2%
Logon to www.newireland.ie for the most recent fund information
* For the Protected Assets Fund, the Governor and Company of the Bank of Ireland is the current provider of the protection and the return to
New Ireland Assurance Company plc (New Ireland). New Ireland will pass on the full value of the amounts it receives from Bank of Ireland to
investors. If for any reason Bank of Ireland cannot meet its obligations, investors could lose some or all of their investment in this Fund.
Performance is based on the price calculated for 01 July 2011, which is calculated using close of market prices from the previous working day.
Source: MoneyMate. Performance is quoted gross of taxation and net of 1.75% p.a. fund management charge. Past performance is not a
reliable guide to future performance. The value of your investment may go down as well as up.
10

Image description.
BNYM GLOBAL REAL RETURN FUND
At a glance
Aim
Style
Aims to deliver a long-term return that exceeds Cash (1-month EURIBOR)
+4% p.a. over a rolling 5 year period (gross of tax and charges).
Actively managed and strong flexibility
Asset Mix
Managed By
Total Fund Size
Risk
Investment is spread across a wide array of assets (multi-asset)
Newton Investment Management, one of BNY Mellon Asset Management's
specialist asset managers
€137.2m
Medium Risk
Performance to 01 July 2011
1 Month -2.5%
3 Months -0.1%
YTD -0.8%
1 Year 5.2%
3 Years -
5 Years -
10 Years -
Image description.
1 Line Year graph Performance with 1 line to and 01 366 July points. 2011
Y Line scale 1, BNYM titled Scale Global label.
1, 01/07/2010 Real 0%. Return S9.
2, 3, 02/07/2010 03/07/2010 -0.3%.
4, 04/07/2010 5, 05/07/2010 6, 06/07/2010 -1%.
7, 07/07/2010 8, 08/07/2010 -0.9%.
9, 09/07/2010 is -1%.
10, 10/07/2010 -0.2%.
11, 11/07/2010 12, 12/07/2010 13, 13/07/2010 0.1%.
14, 14/07/2010 0.5%.
15, 15/07/2010 0.9%.
16, 16/07/2010 1.1%.
17, 17/07/2010 1.3%.
18, 18/07/2010 19, 19/07/2010 20, 20/07/2010 21, 21/07/2010 0.1%.
22, 22/07/2010 -0.3%.
23, 23/07/2010 24, 24/07/2010 0.1%.
25, 25/07/2010 26, 26/07/2010 27, 27/07/2010 0.3%.
28, 28/07/2010 0.4%.
29, 29/07/2010 0.7%.
30, 30/07/2010 31, 31/07/2010 32, 01/08/2010 33, 02/08/2010 34, 03/08/2010 35, 04/08/2010 0.4%.
36, 05/08/2010 1.1%.
37, 06/08/2010 1.2%.
38, 07/08/2010 39, 08/08/2010 40, 09/08/2010 41, 10/08/2010 2.1%.
42, 11/08/2010 8% 2.2%.
43, 12/08/2010 44, 13/08/2010 2.3%.
45, 14/08/2010 2.1%.
46, 15/08/2010 47, 16/08/2010 48, 17/08/2010 49, 18/08/2010 50, 19/08/2010 2.3%.
51, 20/08/2010 2.4%.
52, 21/08/2010 2.6%.
53, 22/08/2010 54, 23/08/2010 55, 24/08/2010 2.1%.
56, 25/08/2010 2.2%.
57, 26/08/2010 2%.
58, 27/08/2010 1.7%.
59, 28/08/2010 1.8%.
60, 29/08/2010 61, 30/08/2010 62, 31/08/2010 1.9%.
63, 01/09/2010 2.4%.
64, 02/09/2010 2.1%.
65, 03/09/2010 2.6%.
66, 04/09/2010 2.7%.
67, 05/09/2010 68, 06/09/2010 69, 07/09/2010 3%.
70, 08/09/2010 3.2%.
71, 09/09/2010 3.3%.
72, 10/09/2010 73, 11/09/2010 3.7%.
74, 12/09/2010 75, 13/09/2010 76, 14/09/2010 3.8%.
77, 15/09/2010 3.9%.
78, 16/09/2010 4%.
79, 17/09/2010 3.9%.
80, 18/09/2010 3.7%.
81, 19/09/2010 82, 20/09/2010 83, 21/09/2010 84, 22/09/2010 3.8%.
85, 23/09/2010 4.1%.
86, 24/09/2010 3.4%.
87, 25/09/2010 3.3%.
88, 26/09/2010 89, 27/09/2010 90, 28/09/2010 3%.
91, 29/09/2010 3.3%.
92, 30/09/2010 3%.
93, 01/10/2010 3.1%.
94, 02/10/2010 3%.
95, 03/10/2010 96, 04/10/2010 97, 05/10/2010 2.9%.
98, 06/10/2010 3%.
99, 07/10/2010 is 2.8%.
100, 08/10/2010 2% 3.6%.
101, 09/10/2010 3.5%.
102, 10/10/2010 103, 11/10/2010 104, 12/10/2010 3.3%.
105, 13/10/2010 106, 14/10/2010 3.8%.
107, 15/10/2010 3.9%.
108, 16/10/2010 4.4%.
109, 17/10/2010 110, 18/10/2010 111, 19/10/2010 4.2%.
112, 20/10/2010 4.3%.
113, 21/10/2010 4.2%.
114, 22/10/2010 3.8%.
115, 23/10/2010 3.7%.
116, 24/10/2010 117, 25/10/2010 118, 26/10/2010 119, 27/10/2010 3.6%.
120, 28/10/2010 3.9%.
121, 29/10/2010 0% 4%.
122, 30/10/2010 3.9%.
123, 31/10/2010 124, 01/11/2010 125, 02/11/2010 3.8%.
126, 03/11/2010 4.1%.
127, 04/11/2010 128, 05/11/2010 4.4%.
129, 06/11/2010 3.9%.
130, 07/11/2010 131, 08/11/2010 132, 09/11/2010 4.8%.
133, 10/11/2010 5.1%.
134, 11/11/2010 5.3%.
135, 12/11/2010 5.4%.
136, 13/11/2010 5.5%.
137, 14/11/2010 138, 15/11/2010 139, 16/11/2010 5.3%.
140, 17/11/2010 5%.
141, 18/11/2010
-2%
4.6%.
142, 19/11/2010 143, 20/11/2010 4.2%.
144, 21/11/2010 145, 22/11/2010 146, 23/11/2010 147, 24/11/2010 4.3%.
148, 25/11/2010 149, 26/11/2010 4.4%.
150, 27/11/2010 151, 28/11/2010 152, 29/11/2010 153, 30/11/2010 154, 01/12/2010 155, 02/12/2010 4.5%.
156, 03/12/2010 4.4%.
157, 04/12/2010 4.7%.
158, 05/12/2010 159, 06/12/2010 160, 07/12/2010 4.9%.
161, 08/12/2010 5.1%.
162, 09/12/2010 163, 10/12/2010 5.4%.
164, 11/12/2010 5.6%.
165, 12/12/2010 166, 13/12/2010 167, 14/12/2010 5.5%.
168, 15/12/2010 5.6%.
169, 16/12/2010 5.5%.
170, 17/12/2010 5.8%.
171, 18/12/2010 5.7%.
172, 19/12/2010 173, 20/12/2010 174, 21/12/2010 5.5%.
175, 22/12/2010 5.9%.
176, 23/12/2010 6.1%.
177, 24/12/2010 6.4%.
178, 25/12/2010 179, 26/12/2010 180, 27/12/2010 181, 28/12/2010 182, 29/12/2010 183, 30/12/2010 184, 31/12/2010 185, 01/01/2011 6.6%.
186, 02/01/2011 187, 03/01/2011 188, 04/01/2011 189, 05/01/2011 6.1%.
190, 06/01/2011 6.6%.
191, 07/01/2011 6.4%.
192, 08/01/2011 193, 09/01/2011 Point 194, 10/01/2011 is 7%.
1 Year Performance to 01 July 2011
Cumulative Return
01/
07/
2010
09/
10/
2010
17/
01/
2011
27/
04/
2011
Calendar Year Performance
2010 2009 2008 2007 2006
- - - - -
Asset Pie chart Split with as 4 at items. 30 June 2011
1, 2, Equities Cash 18% 60% 18. 60.
Item 3, 4, Bonds Other 6% 16% 6. 16.
End of image description.
Asset Split as at 30 June 2011
Equities 60%
Image description.
Equity Pie chart Split with as 6 at items. 30 June 2011
1, 2, European North American Equities Equities 31% 31.
3, UK Equities 23% 23. 25% 25.
4, 5, Other Pacific 13% Basin 13.
Item 6, Japanese Equities Equities 4% 4% 4. 4.
End of image description.
Equity Split as at 30 June 2011
European Equities 31%
North American Equities 25%
UK Equities 23%
Other 13%
Pacific Basin Equities 4%
Japanese Equities 4%
Cash 18%
Bonds 16%
Other 6%
Top 10 Equities (in alphabetical order)
Barrick Gold
Newcrest Mining
Bayer
Novartis
BP
Reynolds American
Glaxosmithkline Roche
Inpex
Yamana Gold
Logon to www.newireland.ie for the most recent fund information
Performance is based on the price calculated for 01 July 2011, which is calculated using close of market prices from the previous working day.
Source: MoneyMate. Performance is quoted gross of taxation and net of 1.85% p.a. fund management charge. Past performance is not a
reliable guide to future performance. The value of your investment may go down as well as up.
11

Image description.
INCOME & GROWTH FUND
At a glance
Aim
Style
To generate modest capital growth over the long term by investing in a range
of income generating assets (with income re-invested in the fund) across
geographic regions
Actively Managed
Asset Mix
Equities, Bonds, Properties, Cash
Managed By
State Street Global Advisors Ireland Limited
Total Fund Size
Risk
€63.9m
Medium to High Risk
Performance to 01 July 2011
1 Month -1.3%
3 Months -0.3%
YTD 0.3%
1 Year 5.2%
3 Years -1.1% p.a.
5 Years -2.5% p.a.
10 Years 1.5% p.a.
Image description.
5 Line Year graph Performance with 1 line to and 01 1827 July 2011
Y scale titled Scale label. points.
Line 1, 1, Income 01/07/2006 & Growth Fund S 9.
2, 3, 02/07/2006 03/07/2006 4, 04/07/2006 0%.
5, 05/07/2006 0.1%.
6, 06/07/2006 0.4%.
7, 07/07/2006 -0.1%.
8, 08/07/2006 0.2%.
9, 09/07/2006 is 10, 10/07/2006 0.4%.
11, 11/07/2006 0.4%.
12, 12/07/2006 0.5%.
13, 13/07/2006 0.3%.
14, 14/07/2006 0.2%.
15, 15/07/2006 -0.4%.
16, 16/07/2006 17, 17/07/2006 18, 18/07/2006 -0.9%.
19, 19/07/2006 20, 20/07/2006 -1.2%.
21, 21/07/2006 -0.2%.
22, 22/07/2006 23, 23/07/2006 24, 24/07/2006 25, 25/07/2006 -0.1%.
26, 26/07/2006 0.8%.
27, 27/07/2006 0.7%.
28, 28/07/2006 0.8%.
29, 29/07/2006 1%.
30, 30/07/2006 31, 31/07/2006 32, 01/08/2006 33, 02/08/2006 1.2%.
34, 03/08/2006 0.9%.
35, 04/08/2006 1.4%.
36, 05/08/2006 1.1%.
37, 06/08/2006 38, 07/08/2006 39, 08/08/2006 40, 09/08/2006 1.5%.
41, 10/08/2006 1.3%.
42, 11/08/2006 20%
1.4%.
43, 12/08/2006 1.3%.
44, 13/08/2006 45, 14/08/2006 46, 15/08/2006 1.2%.
47, 16/08/2006 1.4%.
48, 17/08/2006 1.9%.
49, 18/08/2006 2.2%.
50, 19/08/2006 51, 20/08/2006 52, 21/08/2006 53, 22/08/2006 2.3%.
54, 23/08/2006 2.2%.
55, 24/08/2006 2.8%.
56, 25/08/2006 2.5%.
57, 26/08/2006 2.7%.
58, 27/08/2006 59, 28/08/2006 60, 29/08/2006 2.8%.
61, 30/08/2006 10%
2.9%.
62, 31/08/2006 3.1%.
63, 01/09/2006 64, 02/09/2006 3.3%.
65, 03/09/2006 66, 04/09/2006 67, 05/09/2006 3.6%.
68, 06/09/2006 3.7%.
69, 07/09/2006 3.6%.
70, 08/09/2006 3.1%.
71, 09/09/2006 72, 10/09/2006 73, 11/09/2006 74, 12/09/2006 2.8%.
75, 13/09/2006 2.5%.
76, 14/09/2006 2.9%.
77, 15/09/2006 78, 16/09/2006 3.2%.
79, 17/09/2006 80, 18/09/2006 81, 19/09/2006 3.5%.
82, 20/09/2006 3.4%. 0%
83, 21/09/2006 3.3%.
84, 22/09/2006 3.7%.
85, 23/09/2006 86, 24/09/2006 87, 25/09/2006 88, 26/09/2006 3.8%.
89, 27/09/2006 3.9%.
90, 28/09/2006 4.5%.
91, 29/09/2006 4.3%.
92, 30/09/2006 4.5%.
93, 01/10/2006 94, 02/10/2006 95, 03/10/2006 4.4%.
96, 04/10/2006 4.3%.
97, 05/10/2006 4.1%.
98, 06/10/2006 4.7%.
99, 07/10/2006 is 100, 08/10/2006 4.9%.
101, 09/10/2006 -10%
102, 10/10/2006 4.9%.
103, 11/10/2006 5%.
104, 12/10/2006 5.2%.
105, 13/10/2006 5.1%.
106, 14/10/2006 107, 15/10/2006 108, 16/10/2006 109, 17/10/2006 5.6%.
110, 18/10/2006 5.7%.
111, 19/10/2006 5.5%.
112, 20/10/2006 5.7%.
113, 21/10/2006 5.5%.
114, 22/10/2006 115, 23/10/2006 116, 24/10/2006 5.6%.
117, 25/10/2006 118, 26/10/2006 5.8%.
119, 27/10/2006 6%.
120, 28/10/2006 5.9%.
121, 29/10/2006
-20%
122, 30/10/2006 123, 31/10/2006 124, 01/11/2006 6%.
125, 02/11/2006 6.1%.
126, 03/11/2006 6.2%.
127, 04/11/2006 128, 05/11/2006 129, 06/11/2006 130, 07/11/2006 5.9%.
131, 08/11/2006 6.2%.
132, 09/11/2006 6.5%.
133, 10/11/2006 6.6%.
134, 11/11/2006 135, 12/11/2006 136, 13/11/2006 137, 14/11/2006 6.3%.
138, 15/11/2006 139, 16/11/2006 6.5%.
140, 17/11/2006 6.6%.
141, 18/11/2006
-30%
6.7%.
142, 19/11/2006 143, 20/11/2006 144, 21/11/2006 6.6%.
145, 22/11/2006 6.8%.
146, 23/11/2006 147, 24/11/2006 7%.
148, 25/11/2006 6.8%.
149, 26/11/2006 150, 27/11/2006 151, 28/11/2006 6.6%.
152, 29/11/2006 153, 30/11/2006 5.8%.
154, 01/12/2006 6.2%.
155, 02/12/2006 6.1%.
156, 03/12/2006 157, 04/12/2006 158, 05/12/2006 5.8%.
159, 06/12/2006 6%.
160, 07/12/2006 6.4%.
161, 08/12/2006 6.6%.
162, 09/12/2006 6.7%.
163, 10/12/2006 164, 11/12/2006 165, 12/12/2006 6.6%.
166, 13/12/2006 6.9%.
167, 14/12/2006 7%.
168, 15/12/2006 7.2%.
169, 16/12/2006 7.6%.
170, 17/12/2006 171, 18/12/2006 172, 19/12/2006 7.9%.
173, 20/12/2006 7.8%.
174, 21/12/2006 7.6%.
175, 22/12/2006 8.3%.
176, 23/12/2006 8.2%.
177, 24/12/2006 178, 25/12/2006 179, 26/12/2006 180, 27/12/2006 181, 28/12/2006 182, 29/12/2006 183, 30/12/2006 8.3%.
184, 31/12/2006 185, 01/01/2007 186, 02/01/2007 187, 03/01/2007 8.2%.
188, 04/01/2007 8.6%.
189, 05/01/2007 8.4%.
190, 06/01/2007 8.3%.
191, 07/01/2007 192, 08/01/2007 193, 09/01/2007 8.1%.
Point 194, 10/01/2007 is 8.2%. 8%.
5 Year Performance to 01 July 2011
Cumulative Return
01/
07/
2006
17/
01/
2007
05/
08/
2007
21/
02/
2008
08/
09/
2008
27/
03/
2009
13/
10/
2009
01/
05/
2010
17/
11/
2010
05/
06/
2011
Calendar Year Performance
Image description.
Equity Pie chart Split with as 7 at items. 30 June 2011
1, 2, Euroland U.K. Equities Equities 17% 43% 17. 43.
3, 4, North Non-Euro American Equities Equities 12% 12. 15% 15.
5, 6, Pacific Japanese Basin Equities Equities 4% 7% 4. 7.
Item 7, Irish Equities 2% 2.
End of image description.
Equity Split as at 30 June 2011
2010 2009 2008 2007 2006
4.0% 10.4% -25.3% -5.7% 9.4%
Euroland Equities 43%
U.K. Equities 17%
North American Equities 15%
Non-Euro Equities 12%
Asset Pie chart Split with as 4 at items. 30 June 2011
1, 2, Equities Fixed Interest 39% 39.
3, Property 23% 32% 23. 32.
Item 4, Cash 6% 6.
End of image description.
Asset Split as at 30 June 2011
Pacific Basin Equities 7%
Japanese Equities 4%
Equities 39%
Irish Equities 2%
Fixed Interest 32%
Property 23%
Cash 6%
Top 10 Holdings (in alphabetical order)
BNP Paribas
BP
Canon
Conocophillips
Enel
Imperial Tobacco
New Mersey Retail Park
Orkla
Philip Morris
Total
Logon to www.newireland.ie for the most recent fund information
Performance is based on the price calculated for 01 July 2011, which is calculated using close of market prices from the previous working day.
Source: MoneyMate. Performance is quoted gross of taxation and net of 1.5% p.a. fund management charges. Past performance is not a
reliable guide to future performance. The value of your investment may go down as well as up.
12

Image description.
EVERGREEN FUND
At a glance
Aim
Style
To generate long term capital growth by investing in a mix of assets across
geographic regions
Actively Managed
Asset Mix
Equities, Bonds, Properties, Cash
Managed By
State Street Global Advisors Ireland Limited
Total Fund Size
Risk
€1034.6m
Medium to High Risk
Performance to 01 July 2011
1 Month -1.5%
3 Months -0.5%
YTD -1.3%
1 Year 5.3%
3 Years -2.3% p.a.
5 Years -3.7% p.a.
10 Years 0.6% p.a.
Image description.
5 Line Year graph Performance with 1 line to and 01 1827 July 2011
Y scale titled Scale label. points.
Line 1, 1, Evergreen 01/07/2006 Fund Series 9.
2, 3, 02/07/2006 03/07/2006 4, 04/07/2006 0%.
5, 05/07/2006 0.1%.
6, 06/07/2006 0.4%.
7, 07/07/2006 -0.1%.
8, 08/07/2006 0.3%.
9, 09/07/2006 is 10, 10/07/2006 0.4%.
11, 11/07/2006 0.4%.
12, 12/07/2006 0.6%.
13, 13/07/2006 0.3%.
14, 14/07/2006 0.2%.
15, 15/07/2006 -0.7%.
16, 16/07/2006 17, 17/07/2006 18, 18/07/2006 -1.4%.
19, 19/07/2006 -1.9%.
20, 20/07/2006 -1.8%.
21, 21/07/2006 22, 22/07/2006 23, 23/07/2006 24, 24/07/2006 25, 25/07/2006 -0.5%.
26, 26/07/2006 27, 27/07/2006 0.4%.
28, 28/07/2006 0.6%.
29, 29/07/2006 0.8%.
30, 30/07/2006 31, 31/07/2006 32, 01/08/2006 33, 02/08/2006 1%.
34, 03/08/2006 0.7%.
35, 04/08/2006 1.3%.
36, 05/08/2006 1%.
37, 06/08/2006 38, 07/08/2006 39, 08/08/2006 40, 09/08/2006 1.4%.
41, 10/08/2006 1.1%.
42, 11/08/2006 20%
1.3%.
43, 12/08/2006 44, 13/08/2006 45, 14/08/2006 46, 15/08/2006 1.1%.
47, 16/08/2006 1.3%.
48, 17/08/2006 2.1%.
49, 18/08/2006 2.4%.
50, 19/08/2006 51, 20/08/2006 52, 21/08/2006 53, 22/08/2006 2.5%.
54, 23/08/2006 2.4%.
55, 24/08/2006 2.8%.
56, 25/08/2006 2.5%.
57, 26/08/2006 2.7%.
58, 27/08/2006 59, 28/08/2006 60, 29/08/2006 2.8%.
61, 30/08/2006 3.1%.
62, 31/08/2006 3.3%.
63, 01/09/2006 64, 02/09/2006 3.5%.
65, 03/09/2006 66, 04/09/2006 67, 05/09/2006 3.8%.
68, 06/09/2006 4%.
69, 07/09/2006 3.9%.
70, 08/09/2006 3.3%.
71, 09/09/2006 2.9%.
72, 10/09/2006 73, 11/09/2006 74, 12/09/2006 2.8%.
75, 13/09/2006 2.5%.
76, 14/09/2006 3%. 0%
77, 15/09/2006 78, 16/09/2006 3.3%.
79, 17/09/2006 80, 18/09/2006 81, 19/09/2006 3.7%.
82, 20/09/2006 3.6%.
83, 21/09/2006 3.4%.
84, 22/09/2006 85, 23/09/2006 3.9%.
86, 24/09/2006 87, 25/09/2006 88, 26/09/2006 3.8%.
89, 27/09/2006 3.9%.
90, 28/09/2006 4.6%.
91, 29/09/2006 4.5%.
92, 30/09/2006 93, 01/10/2006 94, 02/10/2006 95, 03/10/2006 4.7%.
96, 04/10/2006 4.6%.
97, 05/10/2006 4.3%.
98, 06/10/2006 5.1%.
99, 07/10/2006 is 5.3%.
100, 08/10/2006 5.4%.
101, 09/10/2006 102, 10/10/2006 5.4%.
103, 11/10/2006 5.5%.
104, 12/10/2006 6%.
105, 13/10/2006 5.9%.
106, 14/10/2006 107, 15/10/2006 108, 16/10/2006 109, 17/10/2006
-20%
6.5%.
110, 18/10/2006 6.6%.
111, 19/10/2006 6.3%.
112, 20/10/2006 6.6%.
113, 21/10/2006 114, 22/10/2006 115, 23/10/2006 116, 24/10/2006 6.5%.
117, 25/10/2006 118, 26/10/2006 6.8%.
119, 27/10/2006 7.1%.
120, 28/10/2006 121, 29/10/2006 122, 30/10/2006 123, 31/10/2006 124, 01/11/2006 6.9%.
125, 02/11/2006 6.8%.
126, 03/11/2006 6.9%.
127, 04/11/2006 128, 05/11/2006 129, 06/11/2006 130, 07/11/2006 6.6%.
131, 08/11/2006 7.1%.
132, 09/11/2006 7.4%.
133, 10/11/2006 7.5%.
134, 11/11/2006 7.2%.
135, 12/11/2006 136, 13/11/2006 137, 14/11/2006 7.1%.
138, 15/11/2006 139, 16/11/2006 7.3%.
140, 17/11/2006 7.5%.
141, 18/11/2006
-40%
7.7%.
142, 19/11/2006 143, 20/11/2006 144, 21/11/2006 7.4%.
145, 22/11/2006 7.7%.
146, 23/11/2006 8%.
147, 24/11/2006 8.1%.
148, 25/11/2006 7.8%.
149, 26/11/2006 150, 27/11/2006 151, 28/11/2006 7.4%.
152, 29/11/2006 6.4%.
153, 30/11/2006 6.3%.
154, 01/12/2006 155, 02/12/2006 6.8%.
156, 03/12/2006 157, 04/12/2006 158, 05/12/2006 6.3%.
159, 06/12/2006 6.6%.
160, 07/12/2006 7.1%.
161, 08/12/2006 7.4%.
162, 09/12/2006 163, 10/12/2006 164, 11/12/2006 165, 12/12/2006 7.5%.
166, 13/12/2006 7.8%.
167, 14/12/2006 168, 15/12/2006 8.3%.
169, 16/12/2006 8.9%.
170, 17/12/2006 171, 18/12/2006 172, 19/12/2006 9.3%.
173, 20/12/2006 9.2%.
174, 21/12/2006 9%.
175, 22/12/2006 176, 23/12/2006 9.8%.
177, 24/12/2006 178, 25/12/2006 179, 26/12/2006 180, 27/12/2006 181, 28/12/2006 182, 29/12/2006 183, 30/12/2006 10.1%.
184, 31/12/2006 185, 01/01/2007 186, 02/01/2007 187, 03/01/2007 9.9%.
188, 04/01/2007 10.3%.
189, 05/01/2007 10.1%.
190, 06/01/2007 10%.
191, 07/01/2007 192, 08/01/2007 193, 09/01/2007 9.8%.
Point 194, 10/01/2007 is 9.9%. 9.7%.
5 Year Performance to 01 July 2011
Cumulative Return
01/
07/
2006
17/
01/
2007
05/
08/
2007
21/
02/
2008
08/
09/
2008
27/
03/
2009
13/
10/
2009
01/
05/
2010
17/
11/
2010
05/
06/
2011
Calendar Year Performance
Image description.
Equity Pie chart Split with as 7 at items. 30 June 2011
1, 2, North Euroland American Equities Equities 18% 18. 29% 29.
3, 4, U.K. Non-Euro Equities Equities 15% 15.
5, Pacific Basin Equities 11% 11% 11.
6, Japanese Equities 8% 8. 11.
Item 7, Irish Equities 8% 8.
End of image description.
Equity Split as at 30 June 2011
2010 2009 2008 2007 2006
9.3% 12.4% -33.5% -7.2% 11.5%
North American Equities 29%
Euroland Equities 18%
U.K. Equities 15%
Non-Euro Equities 11%
Asset Pie chart Split with as 4 at items. 30 June 2011
1, 2, Equities Property 53% 22% 53.
3, Fixed Interest 22.
Item 4, Cash 10% 10. 15% 15.
End of image description.
Asset Split as at 30 June 2011
Pacific Basin Equities 11%
Japanese Equities 8%
Equities 53%
Irish Equities 8%
Property 22%
Fixed Interest 15%
Cash 10%
Top 10 Equities (in alphabetical order)
BHP Billiton Novartis
BNP Paribas Orkla
BP
SSgA EUR Liquidity Fund
CRH
SSgA USD Liquidity Fund
HSBC
Xstrata
Top 10 Properties (in alphabetical order)
1 Great St Helens,
London
1 Rue St. Georges/34-
36 Rue De Provence
Eversheds House -
Manchester
Jodenbreestraat 11-25
15 Dacre Street, London New Mersey Retail Park
15 Grosvenor Street
London
58 Mosley Street,
Manchester
Princes Exchange, Leeds
SSgA Europe Ex UK Index
Real Estate Mutual Fund
Logon to www.newireland.ie for the most recent fund information
Performance is based on the price calculated for 01 July 2011, which is calculated using close of market prices from the previous working day.
Source: MoneyMate. Performance is quoted gross of taxation and net of 1.5% p.a. fund management charges. Past performance is not a
reliable guide to future performance. The value of your investment may go down as well as up.
13

Image description.
BALANCED MANAGED FUND
At a glance
Aim
Style
To generate long term capital growth by investing in a spread of assets
across different geographic regions.
Actively Managed
Asset Mix
Equities, Bonds, Properties, Cash
Managed By
State Street Global Advisors Ireland Limited
Total Fund Size
Risk
€546.1m
Medium to High Risk
Performance to 01 July 2011
1 Month -1.8%
3 Months -0.4%
YTD -1.8%
1 Year 6.2%
3 Years 0.3% p.a.
5 Years -2.9% p.a.
10 Years 0.0% p.a.
Image description.
5 Line Year graph Performance with 1 line to and 01 1827 July 2011
Y scale titled Scale label. points.
Line 1, 1, Balanced 01/07/2006 Managed Fund S9.
2, 3, 02/07/2006 03/07/2006 4, 04/07/2006 0%.
5, 05/07/2006 0.1%.
6, 06/07/2006 0.3%.
7, 07/07/2006 -0.4%.
8, 08/07/2006 0.1%.
9, 09/07/2006 is 10, 10/07/2006 0.2%.
11, 11/07/2006 0.2%.
12, 12/07/2006 0.5%.
13, 13/07/2006 0.1%.
14, 14/07/2006 0%.
15, 15/07/2006 -1.2%.
16, 16/07/2006 17, 17/07/2006 18, 18/07/2006 -2.3%.
19, 19/07/2006 20, 20/07/2006 -2.9%.
21, 21/07/2006 -1.2%.
22, 22/07/2006 -1.1%.
23, 23/07/2006 24, 24/07/2006 25, 25/07/2006 -1.7%.
26, 26/07/2006 -0.2%.
27, 27/07/2006 -0.3%.
28, 28/07/2006 -0.1%.
29, 29/07/2006 0.2%.
30, 30/07/2006 31, 31/07/2006 32, 01/08/2006 0.5%.
33, 02/08/2006 0.4%.
34, 03/08/2006 0.1%.
35, 04/08/2006 0.8%.
36, 05/08/2006 0.4%.
37, 06/08/2006 38, 07/08/2006 39, 08/08/2006 40, 09/08/2006 0.9%.
41, 10/08/2006 0.6%.
42, 11/08/2006 20%
0.9%.
43, 12/08/2006 0.7%.
44, 13/08/2006 45, 14/08/2006 46, 15/08/2006 0.6%.
47, 16/08/2006 0.9%.
48, 17/08/2006 1.9%.
49, 18/08/2006 2.3%.
50, 19/08/2006 2.5%.
51, 20/08/2006 52, 21/08/2006 53, 22/08/2006 2.4%.
54, 23/08/2006 2.2%.
55, 24/08/2006 2.5%.
56, 25/08/2006 2.1%.
57, 26/08/2006 58, 27/08/2006 59, 28/08/2006 60, 29/08/2006 2.5%.
61, 30/08/2006 2.9%.
62, 31/08/2006 3.2%.
63, 01/09/2006 64, 02/09/2006 3.5%.
65, 03/09/2006 66, 04/09/2006 67, 05/09/2006 3.8%.
68, 06/09/2006 4.1%. 0%
69, 07/09/2006 3.9%.
70, 08/09/2006 3.3%.
71, 09/09/2006 2.7%.
72, 10/09/2006 73, 11/09/2006 74, 12/09/2006 2.6%.
75, 13/09/2006 2.1%.
76, 14/09/2006 2.8%.
77, 15/09/2006 3.1%.
78, 16/09/2006 3.2%.
79, 17/09/2006 80, 18/09/2006 81, 19/09/2006 3.7%.
82, 20/09/2006 3.6%.
83, 21/09/2006 3.3%.
84, 22/09/2006 85, 23/09/2006 4%.
86, 24/09/2006 87, 25/09/2006 88, 26/09/2006 3.5%.
89, 27/09/2006 3.6%.
90, 28/09/2006 91, 29/09/2006 -20%
4.5%.
92, 30/09/2006 93, 01/10/2006 94, 02/10/2006 95, 03/10/2006 4.7%.
96, 04/10/2006 4.5%.
97, 05/10/2006 4.3%.
98, 06/10/2006 5.3%.
99, 07/10/2006 is 5.7%.
100, 08/10/2006 5.8%.
101, 09/10/2006 102, 10/10/2006 5.8%.
103, 11/10/2006 6%.
104, 12/10/2006 6.5%.
105, 13/10/2006 6.4%.
106, 14/10/2006 107, 15/10/2006 108, 16/10/2006 109, 17/10/2006 7.2%.
110, 18/10/2006 7.4%.
111, 19/10/2006 6.9%.
112, 20/10/2006 7.3%.
113, 21/10/2006 114, 22/10/2006 115, 23/10/2006 116, 24/10/2006 7.1%.
117, 25/10/2006
-40%
7.6%.
118, 26/10/2006 7.7%.
119, 27/10/2006 7.9%.
120, 28/10/2006 7.8%.
121, 29/10/2006 122, 30/10/2006 123, 31/10/2006 124, 01/11/2006 7.7%.
125, 02/11/2006 7.5%.
126, 03/11/2006 7.6%.
127, 04/11/2006 7.2%.
128, 05/11/2006 129, 06/11/2006 130, 07/11/2006 7.3%.
131, 08/11/2006 7.9%.
132, 09/11/2006 8.3%.
133, 10/11/2006 8.5%.
134, 11/11/2006 8%.
135, 12/11/2006 136, 13/11/2006 137, 14/11/2006 7.9%.
138, 15/11/2006 139, 16/11/2006 8.1%.
140, 17/11/2006 8.4%.
141, 18/11/2006
-60%
8.7%.
142, 19/11/2006 143, 20/11/2006 144, 21/11/2006 8.3%.
145, 22/11/2006 8.6%.
146, 23/11/2006 147, 24/11/2006 9.1%.
148, 25/11/2006 8.8%.
149, 26/11/2006 150, 27/11/2006 151, 28/11/2006 8.2%.
152, 29/11/2006 6.9%.
153, 30/11/2006 6.7%.
154, 01/12/2006 7.5%.
155, 02/12/2006 7.3%.
156, 03/12/2006 157, 04/12/2006 158, 05/12/2006 6.8%.
159, 06/12/2006 7.2%.
160, 07/12/2006 7.8%.
161, 08/12/2006 8.2%.
162, 09/12/2006 8.5%.
163, 10/12/2006 164, 11/12/2006 165, 12/12/2006 8.3%.
166, 13/12/2006 167, 14/12/2006 8.9%.
168, 15/12/2006 9.3%.
169, 16/12/2006 10.2%.
170, 17/12/2006 171, 18/12/2006 172, 19/12/2006 10.8%.
173, 20/12/2006 10.6%.
174, 21/12/2006 10.4%.
175, 22/12/2006 176, 23/12/2006 10.7%.
177, 24/12/2006 178, 25/12/2006 179, 26/12/2006 180, 27/12/2006 181, 28/12/2006 182, 29/12/2006 183, 30/12/2006 11.3%.
184, 31/12/2006 185, 01/01/2007 186, 02/01/2007 187, 03/01/2007 11%.
188, 04/01/2007 11.5%.
189, 05/01/2007 11.3%.
190, 06/01/2007 11.1%.
191, 07/01/2007 192, 08/01/2007 193, 09/01/2007 10.8%.
Point 194, 10/01/2007 is 10.9%. 10.6%.
5 Year Performance to 01 July 2011
Cumulative Return
01/
07/
2006
17/
01/
2007
05/
08/
2007
21/
02/
2008
08/
09/
2008
27/
03/
2009
13/
10/
2009
01/
05/
2010
17/
11/
2010
05/
06/
2011
Calendar Year Performance
Image description.
Equity Pie chart Split with as 7 at items. 30 June 2011
1, 2, North Euroland American Equities Equities 20% 20. 28% 28.
3, 4, U.K. Pacific Equities Basin Equities 15% 15.
5, Non-Euro 9% 12% 9. 12.
Item 6, 7, Japanese Irish Equities Equities 8% 8. 8% 8.
End of image description.
Equity Split as at 30 June 2011
2010 2009 2008 2007 2006
9.7% 20.7% -34.6% -9.4% 9.9%
North American Equities 28%
Euroland Equities 20%
U.K. Equities 15%
Pacific Basin Equities 12%
Asset Pie chart Split with as 4 at items. 30 June 2011
1, 2, Equities Fixed Interest 63% 63.
3, Cash 7% 7. 25% 25.
Item 4, Property 5% 5.
End of image description.
Asset Split as at 30 June 2011
Non-Euro Equities 9%
Japanese Equities 8%
Equities 63%
Irish Equities 8%
Fixed Interest 25%
Cash 7%
Property 5%
Top 10 Holdings (in alphabetical order)
BHP Billiton
BNP Paribas
BP
CRH
HSBC
Novartis
Orkla
Repsol
UBS
Xstrata
Logon to www.newireland.ie for the most recent fund information
Performance is based on the price calculated for 01 July 2011, which is calculated using close of market prices from the previous working day.
Source: MoneyMate. Performance is quoted gross of taxation and net of 1.5% p.a. fund management charges. Past performance is not a
reliable guide to future performance. The value of your investment may go down as well as up.
14

Image description.
ETHICAL MANAGED FUND
At a glance
Aim
To generate long term capital growth by investing on an ethical basis.
Style
Actively Managed
Asset Mix
Equities, Property, Bonds, Cash
Managed By
State Street Global Advisors Ireland Limited
Total Fund Size
Risk
€6.4m
Medium to High Risk
Performance to 01 July 2011
1 Month -2.6%
3 Months -2.0%
YTD -3.2%
1 Year 4.7%
3 Years 1.0% p.a.
5 Years -3.4% p.a.
10 Years -
Image description.
5 Line Year graph Performance with 1 line to and 01 1827 July 2011
Y scale titled Scale label. points.
Line 1, 1, Ethical 01/07/2006 Managed S9.
2, 3, 02/07/2006 03/07/2006 4, 04/07/2006 0%.
5, 05/07/2006 0.5%.
6, 06/07/2006 0.6%.
7, 07/07/2006 -0.2%.
8, 08/07/2006 9, 09/07/2006 is 10, 10/07/2006 0.2%.
11, 11/07/2006 0.2%.
12, 12/07/2006 0.8%.
13, 13/07/2006 0.3%.
14, 14/07/2006 0.2%.
15, 15/07/2006 -1%.
16, 16/07/2006 17, 17/07/2006 18, 18/07/2006 -2.4%.
19, 19/07/2006 -2.7%.
20, 20/07/2006 -3%.
21, 21/07/2006 -1.4%.
22, 22/07/2006 -0.8%.
23, 23/07/2006 24, 24/07/2006 25, 25/07/2006 -1.5%.
26, 26/07/2006 27, 27/07/2006 28, 28/07/2006 -0.2%.
29, 29/07/2006 0.3%.
30, 30/07/2006 31, 31/07/2006 32, 01/08/2006 33, 02/08/2006 0.7%.
34, 03/08/2006 0.3%.
35, 04/08/2006 1.1%.
36, 05/08/2006 0.7%.
37, 06/08/2006 38, 07/08/2006 39, 08/08/2006 40, 09/08/2006 1.4%.
41, 10/08/2006 0.8%.
42, 11/08/2006 20%
1.1%.
43, 12/08/2006 1%.
44, 13/08/2006 45, 14/08/2006 46, 15/08/2006 0.7%.
47, 16/08/2006 1.1%.
48, 17/08/2006 1.9%.
49, 18/08/2006 2.5%.
50, 19/08/2006 51, 20/08/2006 52, 21/08/2006 53, 22/08/2006 2.7%.
54, 23/08/2006 2.2%.
55, 24/08/2006 2.7%.
56, 25/08/2006 2.4%.
57, 26/08/2006 2.5%.
58, 27/08/2006 59, 28/08/2006 60, 29/08/2006 2.7%.
61, 30/08/2006 2.9%.
62, 31/08/2006 3.3%.
63, 01/09/2006 3.4%.
64, 02/09/2006 3.7%.
65, 03/09/2006 66, 04/09/2006 67, 05/09/2006 4%.
68, 06/09/2006 4.3%. 0%
69, 07/09/2006 4.1%.
70, 08/09/2006 3.5%.
71, 09/09/2006 2.7%.
72, 10/09/2006 73, 11/09/2006 74, 12/09/2006 2.8%.
75, 13/09/2006 2.1%.
76, 14/09/2006 2.7%.
77, 15/09/2006 3.2%.
78, 16/09/2006 3.3%.
79, 17/09/2006 80, 18/09/2006 81, 19/09/2006 82, 20/09/2006 3.7%.
83, 21/09/2006 3.4%.
84, 22/09/2006 85, 23/09/2006 4.2%.
86, 24/09/2006 87, 25/09/2006 88, 26/09/2006 3.5%.
89, 27/09/2006 3.7%.
90, 28/09/2006 4.5%.
91, 29/09/2006 -20%
4.6%.
92, 30/09/2006 4.8%.
93, 01/10/2006 94, 02/10/2006 95, 03/10/2006 4.9%.
96, 04/10/2006 4.6%.
97, 05/10/2006 4.4%.
98, 06/10/2006 5.2%.
99, 07/10/2006 is 5.8%.
100, 08/10/2006 5.9%.
101, 09/10/2006 102, 10/10/2006 5.9%.
103, 11/10/2006 6%.
104, 12/10/2006 6.7%.
105, 13/10/2006 6.6%.
106, 14/10/2006 7.2%.
107, 15/10/2006 108, 16/10/2006 109, 17/10/2006 7.3%.
110, 18/10/2006 7.5%.
111, 19/10/2006 6.9%.
112, 20/10/2006 7.3%.
113, 21/10/2006 114, 22/10/2006 115, 23/10/2006 116, 24/10/2006 6.9%.
117, 25/10/2006
-40%
7.4%.
118, 26/10/2006 7.5%.
119, 27/10/2006 7.7%.
120, 28/10/2006 7.8%.
121, 29/10/2006 122, 30/10/2006 123, 31/10/2006 124, 01/11/2006 7.5%.
125, 02/11/2006 7.4%.
126, 03/11/2006 7.5%.
127, 04/11/2006 128, 05/11/2006 129, 06/11/2006 130, 07/11/2006 7.2%.
131, 08/11/2006 7.8%.
132, 09/11/2006 8.3%.
133, 10/11/2006 8.5%.
134, 11/11/2006 8%.
135, 12/11/2006 136, 13/11/2006 137, 14/11/2006 138, 15/11/2006 7.9%.
139, 16/11/2006 8.1%.
140, 17/11/2006 8.3%.
141, 18/11/2006
-60%
8.5%.
142, 19/11/2006 143, 20/11/2006 144, 21/11/2006 8.2%.
145, 22/11/2006 8.3%.
146, 23/11/2006 8.7%.
147, 24/11/2006 8.9%.
148, 25/11/2006 8.7%.
149, 26/11/2006 150, 27/11/2006 151, 28/11/2006 7.9%.
152, 29/11/2006 6.7%.
153, 30/11/2006 6.3%.
154, 01/12/2006 7.2%.
155, 02/12/2006 7%.
156, 03/12/2006 157, 04/12/2006 158, 05/12/2006 6.4%.
159, 06/12/2006 6.8%.
160, 07/12/2006 7.4%.
161, 08/12/2006 7.9%.
162, 09/12/2006 8.2%.
163, 10/12/2006 164, 11/12/2006 165, 12/12/2006 7.9%.
166, 13/12/2006 8.4%.
167, 14/12/2006 8.5%.
168, 15/12/2006 8.8%.
169, 16/12/2006 9.8%.
170, 17/12/2006 171, 18/12/2006 172, 19/12/2006 173, 20/12/2006 10.4%.
174, 21/12/2006 9.8%.
175, 22/12/2006 10.4%.
176, 23/12/2006 10.3%.
177, 24/12/2006 178, 25/12/2006 179, 26/12/2006 180, 27/12/2006 181, 28/12/2006 182, 29/12/2006 183, 30/12/2006 10.8%.
184, 31/12/2006 185, 01/01/2007 186, 02/01/2007 187, 03/01/2007 10.6%.
188, 04/01/2007 11.1%.
189, 05/01/2007 10.9%.
190, 06/01/2007 10.7%.
191, 07/01/2007 192, 08/01/2007 193, 09/01/2007 10.6%.
Point 194, 10/01/2007 is 10.4%.
5 Year Performance to 01 July 2011
Cumulative Return
01/
07/
2006
17/
01/
2007
05/
08/
2007
21/
02/
2008
08/
09/
2008
27/
03/
2009
13/
10/
2009
01/
05/
2010
17/
11/
2010
05/
06/
2011
Calendar Year Performance
Image description.
Equity Pie chart Split with as 7 at items. 30 June 2011
1, 2, North Euroland American Equities Equities 14% 14. 46% 46.
3, 4, Pacific U.K. Equities Basin Equities 10% 10. 13% 13.
5, 6, Japanese Non-Euro Equities 7% 9% 7. 9.
Item 7, Irish Equities 1% 1.
End of image description.
Equity Split as at 30 June 2011
2010 2009 2008 2007 2006
12.1% 22.1% -35.5% -11.5% 6.5%
North American Equities 46%
Euroland Equities 14%
Pacific Basin Equities 13%
U.K. Equities 10%
Asset Pie chart Split with as 4 at items. 30 June 2011
1, 2, Equities Fixed Interest 72% 72.
3, Cash 8% 8. 16% 16.
Item 4, Property 4% 4.
End of image description.
Asset Split as at 30 June 2011
Japanese Equities 9%
Non-Euro Equities 7%
Equities 72%
Irish Equities 1%
Fixed Interest 16%
Cash 8%
Property 4%
Top 10 Holdings (in alphabetical order)
Bouygues
Intel Corporation
JP Morgan Chase
Lowes
Microsoft
Nestle
Oracle
PNC Financial Services
Statoil
Tyco
Logon to www.newireland.ie for the most recent fund information
Performance is based on the price calculated for 01 July 2011, which is calculated using close of market prices from the previous working day.
Source: MoneyMate. Performance is quoted gross of taxation and net of 1.5% p.a. fund management charges. Past performance is not a
reliable guide to future performance. The value of your investment may go down as well as up.
15

Image description.
BLOXHAM HIGH YIELD FUND
At a glance
Aim
Style
To generate long term capital growth with a relatively high, yet sustainable,
flow of income for the fund
Actively Managed
Asset Mix
High yield equities
Managed By
Number Of
Stocks
Total Fund Size
Risk
Bloxham
47
€127.5m
High Risk
Blox High Yield
Equity Fund S9
Sector Pie chart Split with as 9 at items. 30 June 2011
1, 2, Consumer Industrial 21% Staples 21. 22% 22.
3, 4, Financial Energy 13% 16% 13. 16.
5, 6, Basic Technology Materials 8% 9% 8. 9.
7, 8, Communications Diversified 3% 3. 5% 5.
Item 9, Consumer Discretionary 3% 3.
End of image description.
1
Month
3
Months
1
Year
-2.0% 0.5% 8.1% -
3 Years
FTSE World Index -2.6% -2.5% 8.1% 1.6%
p.a.
Calendar Year Performance
2010 2009 2008 2007 2006
15.7% 20.3% - - -
Top 10 Holdings (in alphabetical order)
Bayer
BHP Billiton
Exxon Mobil
HSBC
Intel Corp
Consumer Staples 22%
Industrial 21%
Financial 16%
Energy 13%
Basic Materials 9%
Technology 8%
Communications 5%
Diversified 3%
Consumer Discretionary 3%
JP Morgan Chase
Royal Dutch Shell
Siemens
Sector Split as at 30 June 2011
United Parcel Service
United Technologies
Image description.
Performance Bar chart with versus 4 groups FTSE with World 2 items Index
Group 1, 1 Month.
per group.
Item 1, 2, Blox FTSE High World Yield Index Equity -2.6. Fund S9 -2.
Group 1, 2, Blox 3 Months.
Item 2, FTSE High World Yield Index Equity -2.5. Fund S9 0.5.
Group 1, 3, Blox 1 Year.
Item 2, FTSE High World Yield Index Equity 8.1. Fund S9 8.1.
Group 1, 4, Blox 3 Years.
Item 2, FTSE High World Yield Index Equity 1.6. Fund S9 No data.
% End Performance of image description. (p.a.)
Performance versus FTSE World Index
% Performance (p.a.)
10
5
0
-5
1 Month 3 Months 1 Year 3 Years
Blox High Yield Equity Fund S9 FTSE World Index
5 Best Performing Equities (Over 1 Month)
Performance Contribution to Fund
Metcash 10.19% 0.22%
Jardine Matheson 9.52% 0.16%
Ambev 7.06% 0.09%
Microsoft 4.00% 0.07%
BHP Billiton 2.11% 0.07%
Image description.
Geographic Pie chart with Split 6 items. as at 30 June 2011
1, 2, North Euroland American Equities Equities 26% 26. 34% 34.
3, 4, U.K. Pacific Equities Basin 14% 22% 14. 22.
Item 5, 6, Irish Global Equities Emerging 3% 3. Markets 1% 1.
End of image description.
Geographic Split as at 30 June 2011
North American Equities 34%
Euroland Equities 26%
U.K. Equities 22%
Pacific Basin 14%
Irish Equities 3%
Global Emerging Markets 1%
Logon to www.newireland.ie for the most recent fund information
Performance is based on the price calculated for 01 July 2011, which is calculated using close of market prices from the previous working day.
Source: MoneyMate. Performance is quoted gross of taxation and net of 1.75% p.a. fund management charge. Past performance is not a
reliable guide to future performance. The value of your investment may go down as well as up.
16

Image description.
TRILOGY II
At a glance
Aim
Style
To generate long term capital growth with a sustainable flow of income for the
fund by investing in three distinct asset classes (equities, bonds and
property), and using borrowings to increase exposure to property.
Actively Managed
Asset Mix
High Yield Equities, Corporate Bonds, Geared Property
Managed By
Number Of
Stocks
Total Fund Size
Risk
Bloxham
47
€148.0m
High Risk
Performance to 01 July 2011
1 Month -1.6%
3 Months -0.3%
YTD -1.2%
1 Year 5.3%
3 Years -9.6% p.a.
5 Years -9.1% p.a.
10 Years -
Image description.
5 Line Year graph Performance with 1 line to and 01 1827 July 2011
Y scale titled Scale label. points.
Line 1, 1, Trilogy 01/07/2006 II S9.
2, 02/07/2006 3, 03/07/2006 4, 04/07/2006 0%.
5, 05/07/2006 0.3%.
6, 06/07/2006 0.4%.
7, 07/07/2006 0.1%.
8, 08/07/2006 9, 09/07/2006 is 10, 10/07/2006 0.4%.
11, 11/07/2006 0.4%.
12, 12/07/2006 0.7%.
13, 13/07/2006 0.4%.
14, 14/07/2006 15, 15/07/2006 -0.3%.
16, 16/07/2006 17, 17/07/2006 18, 18/07/2006 -0.8%.
19, 19/07/2006 -1.2%.
20, 20/07/2006 -0.7%.
21, 21/07/2006 22, 22/07/2006 0.3%.
23, 23/07/2006 24, 24/07/2006 25, 25/07/2006 0.8%.
26, 26/07/2006 1.6%.
27, 27/07/2006 1.5%.
28, 28/07/2006 1.7%.
29, 29/07/2006 2.1%.
30, 30/07/2006 31, 31/07/2006 32, 01/08/2006 33, 02/08/2006 2.3%.
34, 03/08/2006 2%.
35, 04/08/2006 2.6%.
36, 05/08/2006 2.3%.
37, 06/08/2006 38, 07/08/2006 39, 08/08/2006 40, 09/08/2006 2.8%.
41, 10/08/2006 2.4%.
42, 11/08/2006 20%
2.8%.
43, 12/08/2006 2.3%.
44, 13/08/2006 45, 14/08/2006 46, 15/08/2006 2.4%.
47, 16/08/2006 2.9%.
48, 17/08/2006 3.3%.
49, 18/08/2006 3.4%.
50, 19/08/2006 3.5%.
51, 20/08/2006 52, 21/08/2006 53, 22/08/2006 3.4%.
54, 23/08/2006 3.3%.
55, 24/08/2006 3.9%.
56, 25/08/2006 57, 26/08/2006 3.8%.
58, 27/08/2006 59, 28/08/2006 60, 29/08/2006 3.9%.
61, 30/08/2006 4.1%.
62, 31/08/2006 4.4%.
63, 01/09/2006 4.7%.
64, 02/09/2006 4.5%.
65, 03/09/2006 66, 04/09/2006 67, 05/09/2006 68, 06/09/2006 4.9%. 0%
69, 07/09/2006 4.7%.
70, 08/09/2006 4.2%.
71, 09/09/2006 3.7%.
72, 10/09/2006 73, 11/09/2006 74, 12/09/2006 4.3%.
75, 13/09/2006 4.1%.
76, 14/09/2006 5%.
77, 15/09/2006 5.3%.
78, 16/09/2006 79, 17/09/2006 80, 18/09/2006 81, 19/09/2006 82, 20/09/2006 5.4%.
83, 21/09/2006 5.3%.
84, 22/09/2006 5.8%.
85, 23/09/2006 6%.
86, 24/09/2006 87, 25/09/2006 88, 26/09/2006 6.1%.
89, 27/09/2006 6.4%.
90, 28/09/2006 91, 29/09/2006 -20%
6.9%.
92, 30/09/2006 6.8%.
93, 01/10/2006 94, 02/10/2006 95, 03/10/2006 7%.
96, 04/10/2006 6.8%.
97, 05/10/2006 6.7%.
98, 06/10/2006 7.4%.
99, 07/10/2006 is 7.5%.
100, 08/10/2006 8%.
101, 09/10/2006 102, 10/10/2006 8%.
103, 11/10/2006 7.9%.
104, 12/10/2006 8.1%.
105, 13/10/2006 8%.
106, 14/10/2006 8.5%.
107, 15/10/2006 108, 16/10/2006 109, 17/10/2006 8.7%.
110, 18/10/2006 8.9%.
111, 19/10/2006 8.3%.
112, 20/10/2006 8.8%.
113, 21/10/2006 8.5%.
114, 22/10/2006 115, 23/10/2006 116, 24/10/2006 8.7%.
117, 25/10/2006
-40%
8.9%.
118, 26/10/2006 119, 27/10/2006 9.1%.
120, 28/10/2006 8.9%.
121, 29/10/2006 122, 30/10/2006 123, 31/10/2006 124, 01/11/2006 8.5%.
125, 02/11/2006 8.7%.
126, 03/11/2006 8.9%.
127, 04/11/2006 128, 05/11/2006 129, 06/11/2006 130, 07/11/2006 9.6%.
131, 08/11/2006 10.1%.
132, 09/11/2006 10.2%.
133, 10/11/2006 10.4%.
134, 11/11/2006 10.2%.
135, 12/11/2006 136, 13/11/2006 137, 14/11/2006 10.1%.
138, 15/11/2006 10.2%.
139, 16/11/2006 10%.
140, 17/11/2006 10.1%.
141, 18/11/2006
-60%
10.3%.
142, 19/11/2006 143, 20/11/2006 144, 21/11/2006 10.1%.
145, 22/11/2006 146, 23/11/2006 10.2%.
147, 24/11/2006 10.1%.
148, 25/11/2006 10%.
149, 26/11/2006 150, 27/11/2006 151, 28/11/2006 9.5%.
152, 29/11/2006 8.6%.
153, 30/11/2006 8.5%.
154, 01/12/2006 10%.
155, 02/12/2006 9.8%.
156, 03/12/2006 157, 04/12/2006 158, 05/12/2006 9.6%.
159, 06/12/2006 9.7%.
160, 07/12/2006 10%.
161, 08/12/2006 10.1%.
162, 09/12/2006 10.3%.
163, 10/12/2006 164, 11/12/2006 165, 12/12/2006 10.5%.
166, 13/12/2006 10.8%.
167, 14/12/2006 11.1%.
168, 15/12/2006 11.3%.
169, 16/12/2006 11.7%.
170, 17/12/2006 171, 18/12/2006 172, 19/12/2006 12.1%.
173, 20/12/2006 12.3%.
174, 21/12/2006 12%.
175, 22/12/2006 176, 23/12/2006 13.7%.
177, 24/12/2006 178, 25/12/2006 179, 26/12/2006 180, 27/12/2006 181, 28/12/2006 182, 29/12/2006 183, 30/12/2006 13.8%.
184, 31/12/2006 185, 01/01/2007 186, 02/01/2007 187, 03/01/2007 13.5%.
188, 04/01/2007 14.3%.
189, 05/01/2007 190, 06/01/2007 14.4%.
191, 07/01/2007 192, 08/01/2007 193, 09/01/2007 14.1%.
Point 194, 10/01/2007 is 14%. 14.3%.
5 Year Performance to 01 July 2011
Cumulative Return
01/
07/
2006
17/
01/
2007
05/
08/
2007
21/
02/
2008
08/
09/
2008
27/
03/
2009
13/
10/
2009
01/
05/
2010
17/
11/
2010
05/
06/
2011
Calendar Year Performance
2010 2009 2008 2007 2006
12.6% 0.6% -46.6% -9.2% 23.7%
Asset Pie chart Split with as 3 at items. 30 June 2011
1, 2, High Geared Yield Property Equities 35% 55% 35. 55.
Item 3, Corporate Bonds 10% 10.
End of image description.
Asset Split as at 30 June 2011
High Yield Equities 55%
Geared Property 35%
Top 10 Properties (in alphabetical order)
1 Great St Helens,
London
Eversheds House -
Manchester
15 Dacre Street, London Galleri K Nominees
15 Grosvenor Street
London
27/29 Long Acre, Covent
Garden
58 Mosley Street,
Manchester
Noisy Le Grand
Princes Exchange, Leeds
St Stephen's Green House,
Dublin 2
Corporate Bonds 10%
Top 10 Equities (in alphabetical order)
Bayer
BHP Billiton
Exxon Mobil
HSBC
Intel Corp
JP Morgan Chase
Royal Dutch Shell
Siemens
United Parcel Service
United Technologies
Logon to www.newireland.ie for the most recent fund information
Performance is based on the price calculated for 01 July 2011, which is calculated using close of market prices from the previous working day.
Source: MoneyMate. Performance is quoted gross of taxation and net of 1.75% p.a. fund management charge. The company reserves the right
to restrict encashment or switches in the event of outflows from the fund. Past performance is not a reliable guide to future performance. The
value of your investment may go down as well as up.
17

Image description.
DISCOVERY
At a glance
Aim
Style
To generate long term capital growth by investing in a diversified portfolio of
medium sized companies that are growing strongly and represent attractive
investment opportunities.
Actively Managed
Asset Mix
Equities
Managed By
Number Of
Stocks
Total Fund Size
Risk
Bloxham
59
€23.1m
High Risk
Performance to 01 July 2011
1 Month -2.3%
3 Months -0.1%
YTD 0.4%
1 Year 13.0%
3 Years 4.9% p.a.
5 Years -0.2% p.a.
10 Years -
Image description.
5 Line Year graph Performance with 1 line to and 01 1827 July 2011
Y scale titled Scale label. points.
Line 1, 1, Discovery 01/07/2006 S9.
2, 02/07/2006 3, 03/07/2006 4, 04/07/2006 0%.
5, 05/07/2006 0.8%.
6, 06/07/2006 0.7%.
7, 07/07/2006 -0.3%.
8, 08/07/2006 0.6%.
9, 09/07/2006 is 10, 10/07/2006 0.3%.
11, 11/07/2006 0.3%.
12, 12/07/2006 0.4%.
13, 13/07/2006 -0.6%.
14, 14/07/2006 -0.3%.
15, 15/07/2006 -2.1%.
16, 16/07/2006 17, 17/07/2006 18, 18/07/2006 -3%.
19, 19/07/2006 -4.2%.
20, 20/07/2006 -4.4%.
21, 21/07/2006 -2.4%.
22, 22/07/2006 -2.3%.
23, 23/07/2006 24, 24/07/2006 25, 25/07/2006 -3.8%.
26, 26/07/2006 -2.7%.
27, 27/07/2006 -2.4%.
28, 28/07/2006 -2.1%.
29, 29/07/2006 -1.6%.
30, 30/07/2006 31, 31/07/2006 32, 01/08/2006 -1.4%.
33, 02/08/2006 -1.3%.
34, 03/08/2006 -1.5%.
35, 04/08/2006 -0.8%.
36, 05/08/2006 -1.6%.
37, 06/08/2006 38, 07/08/2006 39, 08/08/2006 40, 09/08/2006 -0.7%.
41, 10/08/2006 -1.6%.
42, 11/08/2006 20%
-1.7%.
43, 12/08/2006 -2.4%.
44, 13/08/2006 45, 14/08/2006 46, 15/08/2006 -2.5%.
47, 16/08/2006 -2.2%.
48, 17/08/2006 -1.4%.
49, 18/08/2006 -0.3%.
50, 19/08/2006 51, 20/08/2006 52, 21/08/2006 53, 22/08/2006 54, 23/08/2006 -0.2%.
55, 24/08/2006 -0.1%.
56, 25/08/2006 57, 26/08/2006 58, 27/08/2006 59, 28/08/2006 60, 29/08/2006 -0.6%.
61, 30/08/2006 -0.3%.
62, 31/08/2006 0.4%.
63, 01/09/2006 1%.
64, 02/09/2006 1.3%.
65, 03/09/2006 66, 04/09/2006 67, 05/09/2006 2.1%.
68, 06/09/2006 2.3%. 0%
69, 07/09/2006 2.6%.
70, 08/09/2006 1.5%.
71, 09/09/2006 0.3%.
72, 10/09/2006 73, 11/09/2006 74, 12/09/2006 0.4%.
75, 13/09/2006 -1.3%.
76, 14/09/2006 -0.2%.
77, 15/09/2006 78, 16/09/2006 79, 17/09/2006 80, 18/09/2006 81, 19/09/2006 0.6%.
82, 20/09/2006 83, 21/09/2006 0%.
84, 22/09/2006 0.1%.
85, 23/09/2006 0.2%.
86, 24/09/2006 87, 25/09/2006 88, 26/09/2006 89, 27/09/2006 -0.6%.
90, 28/09/2006 0.5%.
91, 29/09/2006 -20%
1.2%.
92, 30/09/2006 1.8%.
93, 01/10/2006 94, 02/10/2006 95, 03/10/2006 1.6%.
96, 04/10/2006 0.6%.
97, 05/10/2006 -0.3%.
98, 06/10/2006 0.4%.
99, 07/10/2006 is 1.3%.
100, 08/10/2006 1.1%.
101, 09/10/2006 102, 10/10/2006 1.1%.
103, 11/10/2006 1.2%.
104, 12/10/2006 2.3%.
105, 13/10/2006 2.7%.
106, 14/10/2006 3.7%.
107, 15/10/2006 108, 16/10/2006 109, 17/10/2006 3.9%.
110, 18/10/2006 4.4%.
111, 19/10/2006 3.2%.
112, 20/10/2006 4%.
113, 21/10/2006 4.3%.
114, 22/10/2006 115, 23/10/2006 116, 24/10/2006 3.1%.
117, 25/10/2006
-40%
3.6%.
118, 26/10/2006 4.2%.
119, 27/10/2006 4.8%.
120, 28/10/2006 5%.
121, 29/10/2006 122, 30/10/2006 123, 31/10/2006 124, 01/11/2006 4.4%.
125, 02/11/2006 4%.
126, 03/11/2006 4.4%.
127, 04/11/2006 4%.
128, 05/11/2006 129, 06/11/2006 130, 07/11/2006 3.9%.
131, 08/11/2006 4.9%.
132, 09/11/2006 5.6%.
133, 10/11/2006 5%.
134, 11/11/2006 135, 12/11/2006 136, 13/11/2006 137, 14/11/2006 4.8%.
138, 15/11/2006 5.5%.
139, 16/11/2006 5.6%.
140, 17/11/2006 141, 18/11/2006
-60%
6.5%.
142, 19/11/2006 143, 20/11/2006 144, 21/11/2006 5.6%.
145, 22/11/2006 5.8%.
146, 23/11/2006 6.3%.
147, 24/11/2006 6.4%.
148, 25/11/2006 6.1%.
149, 26/11/2006 150, 27/11/2006 151, 28/11/2006 5.1%.
152, 29/11/2006 3.6%.
153, 30/11/2006 3.2%.
154, 01/12/2006 4.1%.
155, 02/12/2006 3.9%.
156, 03/12/2006 157, 04/12/2006 158, 05/12/2006 3.6%.
159, 06/12/2006 4.1%.
160, 07/12/2006 4.3%.
161, 08/12/2006 4.7%.
162, 09/12/2006 163, 10/12/2006 164, 11/12/2006 165, 12/12/2006 5.2%.
166, 13/12/2006 167, 14/12/2006 5.7%.
168, 15/12/2006 6%.
169, 16/12/2006 7%.
170, 17/12/2006 171, 18/12/2006 172, 19/12/2006 173, 20/12/2006 7.4%.
174, 21/12/2006 7.1%.
175, 22/12/2006 7.5%.
176, 23/12/2006 7.9%.
177, 24/12/2006 178, 25/12/2006 179, 26/12/2006 180, 27/12/2006 181, 28/12/2006 182, 29/12/2006 183, 30/12/2006 9.1%.
184, 31/12/2006 185, 01/01/2007 186, 02/01/2007 187, 03/01/2007 8.7%.
188, 04/01/2007 9.4%.
189, 05/01/2007 9.2%.
190, 06/01/2007 8.6%.
191, 07/01/2007 192, 08/01/2007 193, 09/01/2007 8.1%.
Point 194, 10/01/2007 is 8.5%. 9.1%.
5 Year Performance to 01 July 2011
Cumulative Return
01/
07/
2006
17/
01/
2007
05/
08/
2007
21/
02/
2008
08/
09/
2008
27/
03/
2009
13/
10/
2009
01/
05/
2010
17/
11/
2010
05/
06/
2011
Calendar Year Performance
Image description.
Equity Pie chart Split with as 5 at items. 30 June 2011
1, 2, Euroland North American Equities Equities 33% 33.
3, UK 23% 23. 32% 32.
Item 4, 5, Irish Pacific Equities Basin 9% Equities 9. 3% 3.
End of image description.
Equity Split as at 30 June 2011
2010 2009 2008 2007 2006
21.8% 29.8% -37.4% -9.8% 17.0%
Euroland Equities 33%
North American Equities 32%
Top 10 Equities (in alphabetical order)
Affiliated Mngrs
Aixtron
Charter
Davita
Ecolab Inc
Sector Pie chart Split with as 9 at items. 30 June 2011
1, 2, Industrial Consumer 28% Staples 28.
3, Financial 12% 12. 16% 16.
4, 5, Technology Consumer Discretionary 10% 10.
6, Basic Materials 9% 9. 10% 10.
7, 8, Energy Communications 8% 8.
Item 9, Funds 3% 3. 4% 4.
End of image description.
Sector Split as at 30 June 2011
Industrial 28%
Consumer Staples 16%
Financial 12%
Technology 10%
Consumer Discretionary 10%
Basic Materials 9%
Energy 8%
Communications 4%
Funds 3%
Faiveley
Nyrstar
Rhoen-Klinikum
Schindler
Vopak
UK Equities 23%
Irish Equities 9%
Pacific Basin Equities 3%
5 Best Performing Equities (Over 1 Month)
Performance
Senior 17.86% 0.21%
Nyrstar 7.20% 0.19%
Aegis Group 14.79% 0.14%
Halma 5.27% 0.12%
Randgold
Resources
4.94% 0.08%
Contribution to
Fund
Logon to www.newireland.ie for the most recent fund information
Performance is based on the price calculated for 01 July 2011, which is calculated using close of market prices from the previous working day.
Source: MoneyMate. Performance is quoted gross of taxation and net of 1.75% p.a. fund management charge. Past performance is not a
reliable guide to future performance. The value of your investment may go down as well as up.
18

Image description.
INNOVATOR
At a glance
Aim
Style
To generate long term capital growth by investing in alternative investment
themes including alternative energy, water, commodities, emerging markets
and climate change.
Actively Managed
Asset Mix
Managed By
Total Fund Size
Risk
Equities
Kleinwort Benson Investors Dublin (previously known as KBC Asset
Management)
€104.0m
High Risk
Performance to 01 July 2011
1 Month -3.5%
3 Months -5.8%
YTD -8.7%
1 Year 2.0%
3 Years -6.6% p.a.
5 Years -
10 Years -
Image description.
3 Line Year graph Performance with 1 line to and 01 1096 July 2011
Y scale titled Scale label. points.
Line 1, 1, Innovator(9).
2, 01/07/2008 02/07/2008 0%.
3, 03/07/2008 -0.7%.
4, 04/07/2008 -1.3%.
5, 05/07/2008 -2.8%.
6, 06/07/2008 7, 07/07/2008 8, 08/07/2008 9, 09/07/2008 is -3.3%.
10, 10/07/2008 -3.1%.
11, 11/07/2008 -4.3%.
12, 12/07/2008 -3.8%.
13, 13/07/2008 14, 14/07/2008 15, 15/07/2008 -4.3%.
16, 16/07/2008 -4.8%.
17, 17/07/2008 -4.9%.
18, 18/07/2008 -7%.
19, 19/07/2008 -6.2%.
20, 20/07/2008 21, 21/07/2008 22, 22/07/2008 -4.9%.
23, 23/07/2008 24, 24/07/2008 -5.5%.
25, 25/07/2008 -4%.
26, 26/07/2008 -3%.
27, 27/07/2008 28, 28/07/2008 29, 29/07/2008 -4.3%.
30, 30/07/2008 -4.7%.
31, 31/07/2008 -5.1%.
32, 01/08/2008 -4.6%.
33, 02/08/2008 -2.7%.
34, 03/08/2008 35, 04/08/2008 36, 05/08/2008 37, 06/08/2008 -3.1%.
38, 07/08/2008 -3.6%.
39, 08/08/2008 -4.9%.
40, 09/08/2008 -4.1%.
41, 10/08/2008 42, 11/08/2008 43, 12/08/2008 -3.7%. 0%
44, 13/08/2008 -2.9%.
45, 14/08/2008 -2.4%.
46, 15/08/2008 -2.8%.
47, 16/08/2008 -2.7%.
48, 17/08/2008 49, 18/08/2008 50, 19/08/2008 -2.6%.
51, 20/08/2008 -2.5%.
52, 21/08/2008 -2%.
53, 22/08/2008 -2.5%.
54, 23/08/2008 55, 24/08/2008 56, 25/08/2008 57, 26/08/2008 -2%.
58, 27/08/2008 -1.6%.
59, 28/08/2008 -2%.
60, 29/08/2008 -2.2%.
61, 30/08/2008 -2.1%.
62, 31/08/2008 -10%
63, 01/09/2008 64, 02/09/2008 -1.7%.
65, 03/09/2008 -1.2%.
66, 04/09/2008 -1.7%.
67, 05/09/2008 -2.1%.
68, 06/09/2008 -3.4%.
69, 07/09/2008 70, 08/09/2008 71, 09/09/2008 -4.8%.
72, 10/09/2008 73, 11/09/2008 -6.4%.
74, 12/09/2008 -7.4%.
75, 13/09/2008 -8%.
76, 14/09/2008 77, 15/09/2008 78, 16/09/2008 -8.1%.
79, 17/09/2008 -7.9%.
80, 18/09/2008 -10.6%.
81, 19/09/2008 -20%
-12.3%.
82, 20/09/2008 -14%.
83, 21/09/2008 84, 22/09/2008 85, 23/09/2008 -15%.
86, 24/09/2008 -10%.
87, 25/09/2008 -11.4%.
88, 26/09/2008 -14%.
89, 27/09/2008 -13.4%.
90, 28/09/2008 91, 29/09/2008 92, 30/09/2008 -13.2%.
93, 01/10/2008 -14.5%.
94, 02/10/2008 -18.3%.
95, 03/10/2008 -16.3%.
96, 04/10/2008 -16.7%.
97, 05/10/2008 98, 06/10/2008 99, 07/10/2008 is -16.8%.
100, 08/10/2008 -18.6%.
101, 09/10/2008 -30%
-19.9%.
102, 10/10/2008 -24%.
103, 11/10/2008 -27%.
104, 12/10/2008 105, 13/10/2008 106, 14/10/2008 -29.3%.
107, 15/10/2008 -31.6%.
108, 16/10/2008 -33.6%.
109, 17/10/2008 -28.2%.
110, 18/10/2008 -32%.
111, 19/10/2008 112, 20/10/2008 113, 21/10/2008 -33.9%.
114, 22/10/2008 -33.4%.
115, 23/10/2008 -31.9%.
116, 24/10/2008 -32.1%.
117, 25/10/2008 -35.1%.
118, 26/10/2008 119, 27/10/2008 120, 28/10/2008 121, 29/10/2008
-40%
-36.6%.
122, 30/10/2008 123, 31/10/2008 -39.4%.
124, 01/11/2008 -36.5%.
125, 02/11/2008 126, 03/11/2008 127, 04/11/2008 -34.5%.
128, 05/11/2008 -32.6%.
129, 06/11/2008 -30.9%.
130, 07/11/2008 -28.6%.
131, 08/11/2008 -31%.
132, 09/11/2008 133, 10/11/2008 134, 11/11/2008 -33.9%.
135, 12/11/2008 -33.3%.
136, 13/11/2008 -33.2%.
137, 14/11/2008 -32.6%.
138, 15/11/2008 139, 16/11/2008 140, 17/11/2008 141, 18/11/2008
-50%
-36%.
142, 19/11/2008 -36.7%.
143, 20/11/2008 -37.4%.
144, 21/11/2008 -38.5%.
145, 22/11/2008 -40.2%.
146, 23/11/2008 147, 24/11/2008 148, 25/11/2008 -43.1%.
149, 26/11/2008 -42.6%.
150, 27/11/2008 -40.7%.
151, 28/11/2008 -40.3%.
152, 29/11/2008 -39%.
153, 30/11/2008 154, 01/12/2008 155, 02/12/2008 -38.6%.
156, 03/12/2008 -37.7%.
157, 04/12/2008 -40.2%.
158, 05/12/2008 -40.6%.
159, 06/12/2008 -40.1%.
160, 07/12/2008 161, 08/12/2008 162, 09/12/2008 -41.3%.
163, 10/12/2008 -41.8%.
164, 11/12/2008 -39.8%.
165, 12/12/2008 -40%.
166, 13/12/2008 -39.1%.
167, 14/12/2008 168, 15/12/2008 169, 16/12/2008 -39.7%.
170, 17/12/2008 -41.1%.
171, 18/12/2008 -41.3%.
172, 19/12/2008 -40.8%.
173, 20/12/2008 -41.8%.
174, 21/12/2008 175, 22/12/2008 176, 23/12/2008 -42.2%.
177, 24/12/2008 -41%.
178, 25/12/2008 -41.8%.
179, 26/12/2008 180, 27/12/2008 181, 28/12/2008 182, 29/12/2008 183, 30/12/2008 184, 31/12/2008 185, 01/01/2009 -42.4%.
186, 02/01/2009 187, 03/01/2009 -41.6%.
188, 04/01/2009 189, 05/01/2009 190, 06/01/2009 -41.4%.
191, 07/01/2009 -38.9%.
192, 08/01/2009 -37%.
193, 09/01/2009 -35.2%.
Point 194, 10/01/2009 is -37.1%. -37.7%.
3 Year Performance to 01 July 2011
Cumulative Return
01/
07/
2008
09/
10/
2008
17/
01/
2009
27/
04/
2009
05/
08/
2009
13/
11/
2009
21/
02/
2010
01/
06/
2010
09/
09/
2010
18/
12/
2010
28/
03/
2011
Calendar Year Performance
2010 2009 2008 2007 2006
16.1% 30.6% -48.7% 13.7% -
Asset Pie chart Split with as 8 at items. 30 June 2011
1, 2, Environmental Emerging Markets Solutions 22% 22. 30% 30.
3, 4, Commodities Water 9% 9. 20% 20.
5, 6, Solar Climate 6% Change 6.
7, Infrastructure 4% 5% 4. 5.
Item 8, Alternative Energy 4% 4.
End of image description.
Asset Split as at 30 June 2011
Environmental Solutions 30%
Emerging Markets 22%
Commodities 20%
Water 9%
Solar 6%
Climate Change 5%
Infrastructure 4%
Alternative Energy 4%
Top 10 Holdings (in alphabetical order)
Abb 'R'
Johnson Controls
Cosan 'A'
Memc Elt.Materials
CSX
Severn Trent
DEERE
SIG
Emerson Electric Smith (Ao)
Logon to www.newireland.ie for the most recent fund information
Performance is based on the price calculated for 01 July 2011, which is calculated using close of market prices from the previous working day.
Source: MoneyMate. Performance is quoted gross of taxation and net of 1.75% p.a. fund management charge. Past performance is not a
reliable guide to future performance. The value of your investment may go down as well as up.
19

Image description.
ALTERNATIVE ENERGY
At a glance
Aim
Style
To generate long term capital growth by investing in companies in the
alternative energy sector
Actively Managed
Asset Mix
Managed By
Number Of
Stocks
Total Fund Size
Risk
Equities
Kleinwort Benson Investors Dublin (previously known as KBC Asset
Management)
58
€9.6m
High Risk
Performance to 01 July 2011
1 Month -5.8%
3 Months -13.8%
YTD -8.7%
1 Year -9.9%
3 Years -21.5% p.a.
5 Years -
10 Years -
Image description.
3 Line Year graph Performance with 1 line to and 01 1096 July 2011
Y scale titled Scale label. points.
Line 1, 1, Alternative 01/07/2008 Energy 0%. Fund S9.
2, 3, 02/07/2008 03/07/2008 0.3%.
4, 04/07/2008 -1.8%.
5, 05/07/2008 -4.6%.
6, 06/07/2008 7, 07/07/2008 8, 08/07/2008 -5%.
9, 09/07/2008 is -5.1%.
10, 10/07/2008 -3.3%.
11, 11/07/2008 -4.6%.
12, 12/07/2008 -4.7%.
13, 13/07/2008 14, 14/07/2008 15, 15/07/2008 -5.4%.
16, 16/07/2008 -6.5%.
17, 17/07/2008 -6%.
18, 18/07/2008 -7.6%.
19, 19/07/2008 -6.3%.
20, 20/07/2008 21, 21/07/2008 22, 22/07/2008 -5.1%.
23, 23/07/2008 -4.8%.
24, 24/07/2008 -5.2%.
25, 25/07/2008 -3.5%.
26, 26/07/2008 -3.2%.
27, 27/07/2008 28, 28/07/2008 29, 29/07/2008 -6.6%.
30, 30/07/2008 -6.4%.
31, 31/07/2008 -7.2%.
32, 01/08/2008 -4.9%.
33, 02/08/2008 -3.1%.
34, 03/08/2008 35, 04/08/2008 36, 05/08/2008 37, 06/08/2008 -3.4%.
38, 07/08/2008 -5.4%.
39, 08/08/2008 -7%.
40, 09/08/2008 -6.3%.
41, 10/08/2008 42, 11/08/2008 20%
43, 12/08/2008 -5.7%.
44, 13/08/2008 -5.2%.
45, 14/08/2008 -5.3%.
46, 15/08/2008 -6.1%.
47, 16/08/2008 48, 17/08/2008 49, 18/08/2008 50, 19/08/2008 -6.3%.
51, 20/08/2008 -5.6%.
52, 21/08/2008 -3.8%.
53, 22/08/2008 -4.1%.
54, 23/08/2008 -2.6%.
55, 24/08/2008 56, 25/08/2008 57, 26/08/2008 -1.8%.
58, 27/08/2008 -0.5%.
59, 28/08/2008 -1.5%.
60, 29/08/2008 -1.3%.
61, 30/08/2008 -0.5%.
62, 31/08/2008 63, 01/09/2008 64, 02/09/2008 0.2%.
65, 03/09/2008 66, 04/09/2008 0.6%.
67, 05/09/2008 -1.4%.
68, 06/09/2008 -4.1%. 0%
69, 07/09/2008 70, 08/09/2008 71, 09/09/2008 -6.5%.
72, 10/09/2008 73, 11/09/2008 -8.3%.
74, 12/09/2008 -12.4%.
75, 13/09/2008 -13.2%.
76, 14/09/2008 77, 15/09/2008 78, 16/09/2008 -13.9%.
79, 17/09/2008 -11.9%.
80, 18/09/2008 -15.6%.
81, 19/09/2008 -16.3%.
82, 20/09/2008 -18.6%.
83, 21/09/2008 84, 22/09/2008 85, 23/09/2008 -18.3%.
86, 24/09/2008 -11.9%.
87, 25/09/2008 -14.2%.
88, 26/09/2008 -16.3%.
89, 27/09/2008 -14.5%.
90, 28/09/2008 91, 29/09/2008 -20%
92, 30/09/2008 -13.9%.
93, 01/10/2008 -16.9%.
94, 02/10/2008 -23.3%.
95, 03/10/2008 -22.2%.
96, 04/10/2008 -20.9%.
97, 05/10/2008 98, 06/10/2008 99, 07/10/2008 is -21.2%.
100, 08/10/2008 -25.8%.
101, 09/10/2008 -27.2%.
102, 10/10/2008 -34.1%.
103, 11/10/2008 -38.7%.
104, 12/10/2008 105, 13/10/2008 106, 14/10/2008 -40.7%.
107, 15/10/2008 -42.3%.
108, 16/10/2008 -46.2%.
109, 17/10/2008 -37.4%.
110, 18/10/2008 -42.4%.
111, 19/10/2008 112, 20/10/2008 113, 21/10/2008 -43.2%.
114, 22/10/2008 -42.6%.
115, 23/10/2008 -39.1%.
116, 24/10/2008 -40.2%.
117, 25/10/2008
-40%
-45.3%.
118, 26/10/2008 119, 27/10/2008 120, 28/10/2008 121, 29/10/2008 -47.9%.
122, 30/10/2008 -51.1%.
123, 31/10/2008 -53.2%.
124, 01/11/2008 -50.8%.
125, 02/11/2008 126, 03/11/2008 127, 04/11/2008 -47.7%.
128, 05/11/2008 -45.8%.
129, 06/11/2008 -43.3%.
130, 07/11/2008 -38.2%.
131, 08/11/2008 -42.2%.
132, 09/11/2008 133, 10/11/2008 134, 11/11/2008 -47.5%.
135, 12/11/2008 136, 13/11/2008 -45.5%.
137, 14/11/2008 -44.6%.
138, 15/11/2008 -49.8%.
139, 16/11/2008 140, 17/11/2008 141, 18/11/2008
-60%
-48.9%.
142, 19/11/2008 -49.6%.
143, 20/11/2008 -50.3%.
144, 21/11/2008 -51.2%.
145, 22/11/2008 -53.9%.
146, 23/11/2008 147, 24/11/2008 148, 25/11/2008 -58%.
149, 26/11/2008 -57.5%.
150, 27/11/2008 -53.1%.
151, 28/11/2008 -52.6%.
152, 29/11/2008 153, 30/11/2008 154, 01/12/2008 155, 02/12/2008 -51.3%.
156, 03/12/2008 -49.2%.
157, 04/12/2008 -52.8%.
158, 05/12/2008 -51.6%.
159, 06/12/2008 -50.1%.
160, 07/12/2008 161, 08/12/2008 162, 09/12/2008 -50.7%.
163, 10/12/2008 -51.3%.
164, 11/12/2008 -49.1%.
165, 12/12/2008 -50.5%.
166, 13/12/2008 -50%.
167, 14/12/2008 168, 15/12/2008 169, 16/12/2008 -50.5%.
170, 17/12/2008 -51.5%.
171, 18/12/2008 -51.8%.
172, 19/12/2008 -50.4%.
173, 20/12/2008 -50.2%.
174, 21/12/2008 175, 22/12/2008 176, 23/12/2008 -49.8%.
177, 24/12/2008 -48.9%.
178, 25/12/2008 -49.9%.
179, 26/12/2008 180, 27/12/2008 181, 28/12/2008 182, 29/12/2008 183, 30/12/2008 184, 31/12/2008 185, 01/01/2009 -50.1%.
186, 02/01/2009 187, 03/01/2009 188, 04/01/2009 189, 05/01/2009 190, 06/01/2009 -49.6%.
191, 07/01/2009 -46.1%.
192, 08/01/2009 -43.8%.
193, 09/01/2009 -42.6%.
Point 194, 10/01/2009 is -44.6%. -44.8%.
3 Year Performance to 01 July 2011
Cumulative Return
01/
07/
2008
09/
10/
2008
17/
01/
2009
27/
04/
2009
05/
08/
2009
13/
11/
2009
21/
02/
2010
01/
06/
2010
09/
09/
2010
18/
12/
2010
28/
03/
2011
Calendar Year Performance
2010 2009 2008 2007 2006
-14.3% 23.0% -55.9% - -
Asset Pie chart Split with as 6 at items. 30 June 2011
1, 2, Solar Wind Energy 27% 27.
3, Other 19% 19. 25% 25.
4, 5, Utilities Biomass 14% 10% 14.
Item 6, Fuel Cells 5% 10. 5.
End of image description.
Asset Split as at 30 June 2011
Solar 27%
Wind Energy 25%
Other 19%
Utilities 14%
Biomass 10%
Fuel Cells 5%
Top 10 Equities (in alphabetical order)
ABB 'R'
Iberdrola Renovables
Cosan 'A'
Memc Elt.Materials
EDP Renovaveis Prysmian
First Solar Trina Solar Adr 1:100
Fortum OYJ
Verbund AKT
Logon to www.newireland.ie for the most recent fund information
Performance is based on the price calculated for 01 July 2011, which is calculated using close of market prices from the previous working day.
Source: MoneyMate. Performance is quoted gross of taxation and net of 1.75% p.a. fund management charge. Past performance is not a
reliable guide to future performance. The value of your investment may go down as well as up.
20

Image description.
WATER FUND
At a glance
Aim
Style
To generate long term capital growth by investing in companies in the water
sector
Actively Managed
Asset Mix
Managed By
Number Of
Stocks
Total Fund Size
Risk
Equities
Kleinwort Benson Investors Dublin (previously known as KBC Asset
Management)
47
€8.4m
High Risk
Performance to 01 July 2011
1 Month -3.1%
3 Months -4.1%
YTD -8.0%
1 Year 4.3%
3 Years -0.9% p.a.
5 Years -
10 Years -
Image description.
3 Line Year graph Performance with 1 line to and 01 1096 July 2011
Y scale titled Scale label. points.
Line 1, 1, Water 01/07/2008 Fund S9.
2, 02/07/2008 0%.
3, 03/07/2008 -0.1%.
4, 04/07/2008 -0.5%.
5, 05/07/2008 -3.7%.
6, 06/07/2008 7, 07/07/2008 8, 08/07/2008 9, 09/07/2008 is -4.3%.
10, 10/07/2008 -4.1%.
11, 11/07/2008 -3.6%.
12, 12/07/2008 -4%.
13, 13/07/2008 14, 14/07/2008 15, 15/07/2008 -4.7%.
16, 16/07/2008 17, 17/07/2008 -6.2%.
18, 18/07/2008 -7.8%.
19, 19/07/2008 -5.9%.
20, 20/07/2008 21, 21/07/2008 22, 22/07/2008 -4.3%.
23, 23/07/2008 24, 24/07/2008 -4.1%.
25, 25/07/2008 -0.6%.
26, 26/07/2008 0.5%.
27, 27/07/2008 28, 28/07/2008 29, 29/07/2008 -1.2%.
30, 30/07/2008 -0.8%.
31, 31/07/2008 -2.5%.
32, 01/08/2008 -1.2%.
33, 02/08/2008 0.5%.
34, 03/08/2008 35, 04/08/2008 36, 05/08/2008 37, 06/08/2008 -0.6%.
38, 07/08/2008 -1.2%.
39, 08/08/2008 -1%.
40, 09/08/2008 0.6%.
41, 10/08/2008 42, 11/08/2008 20%
43, 12/08/2008 1%.
44, 13/08/2008 3.9%.
45, 14/08/2008 5.1%.
46, 15/08/2008 4.7%.
47, 16/08/2008 48, 17/08/2008 49, 18/08/2008 50, 19/08/2008 4.6%.
51, 20/08/2008 5.4%.
52, 21/08/2008 5.5%.
53, 22/08/2008 4.8%.
54, 23/08/2008 4.5%.
55, 24/08/2008 56, 25/08/2008 57, 26/08/2008 3.1%.
58, 27/08/2008 4.1%.
59, 28/08/2008 3.2%.
60, 29/08/2008 3.6%.
61, 30/08/2008 3.7%.
62, 31/08/2008 63, 01/09/2008 64, 02/09/2008 5.4%.
65, 03/09/2008 66, 04/09/2008 4.9%.
67, 05/09/2008 5.2%.
68, 06/09/2008 3.6%. 0%
69, 07/09/2008 70, 08/09/2008 71, 09/09/2008 0.7%.
72, 10/09/2008 73, 11/09/2008 -0.1%.
74, 12/09/2008 -1.8%.
75, 13/09/2008 -0.9%.
76, 14/09/2008 77, 15/09/2008 78, 16/09/2008 -0.1%.
79, 17/09/2008 -0.7%.
80, 18/09/2008 -3.6%.
81, 19/09/2008 -2.3%.
82, 20/09/2008 -5.3%.
83, 21/09/2008 84, 22/09/2008 85, 23/09/2008 -4%.
86, 24/09/2008 0.6%.
87, 25/09/2008 -3.6%.
88, 26/09/2008 -5.8%.
89, 27/09/2008 90, 28/09/2008 91, 29/09/2008 -20%
92, 30/09/2008 -6.8%.
93, 01/10/2008 -8.1%.
94, 02/10/2008 -12.4%.
95, 03/10/2008 -9.2%.
96, 04/10/2008 -7.9%.
97, 05/10/2008 98, 06/10/2008 99, 07/10/2008 is -10.1%.
100, 08/10/2008 -11.7%.
101, 09/10/2008 -14%.
102, 10/10/2008 -16.9%.
103, 11/10/2008 -21.2%.
104, 12/10/2008 105, 13/10/2008 106, 14/10/2008 -23.9%.
107, 15/10/2008 108, 16/10/2008 -26.9%.
109, 17/10/2008 -19.1%.
110, 18/10/2008 -24.9%.
111, 19/10/2008 112, 20/10/2008 113, 21/10/2008 -24.5%.
114, 22/10/2008 -24.7%.
115, 23/10/2008 -23%.
116, 24/10/2008 -24.4%.
117, 25/10/2008
-40%
-27.8%.
118, 26/10/2008 119, 27/10/2008 120, 28/10/2008 121, 29/10/2008 -29.1%.
122, 30/10/2008 -31.4%.
123, 31/10/2008 -28.5%.
124, 01/11/2008 -27.2%.
125, 02/11/2008 126, 03/11/2008 127, 04/11/2008 -23.7%.
128, 05/11/2008 -21.6%.
129, 06/11/2008 -20.4%.
130, 07/11/2008 -18.9%.
131, 08/11/2008 -21.4%.
132, 09/11/2008 133, 10/11/2008 134, 11/11/2008 -24.1%.
135, 12/11/2008 136, 13/11/2008 -23.1%.
137, 14/11/2008 -22.7%.
138, 15/11/2008 -26.8%.
139, 16/11/2008 140, 17/11/2008 141, 18/11/2008
-60%
-24.5%.
142, 19/11/2008 -27.6%.
143, 20/11/2008 144, 21/11/2008 -28.7%.
145, 22/11/2008 -31.9%.
146, 23/11/2008 147, 24/11/2008 148, 25/11/2008 -35.4%.
149, 26/11/2008 -33.8%.
150, 27/11/2008 -31%.
151, 28/11/2008 -30.4%.
152, 29/11/2008 153, 30/11/2008 154, 01/12/2008 155, 02/12/2008 -28.2%.
156, 03/12/2008 -26.6%.
157, 04/12/2008 -31.9%.
158, 05/12/2008 -30.8%.
159, 06/12/2008 -30.4%.
160, 07/12/2008 161, 08/12/2008 162, 09/12/2008 -32.7%.
163, 10/12/2008 -32.3%.
164, 11/12/2008 -29.8%.
165, 12/12/2008 -30%.
166, 13/12/2008 -28.8%.
167, 14/12/2008 168, 15/12/2008 169, 16/12/2008 -31%.
170, 17/12/2008 -31.1%.
171, 18/12/2008 -32.5%.
172, 19/12/2008 -30.4%.
173, 20/12/2008 -32%.
174, 21/12/2008 175, 22/12/2008 176, 23/12/2008 -33.3%.
177, 24/12/2008 -31.5%.
178, 25/12/2008 -33.1%.
179, 26/12/2008 180, 27/12/2008 181, 28/12/2008 182, 29/12/2008 183, 30/12/2008 184, 31/12/2008 185, 01/01/2009 -33%.
186, 02/01/2009 187, 03/01/2009 188, 04/01/2009 189, 05/01/2009 190, 06/01/2009 -31%.
191, 07/01/2009 -27.5%.
192, 08/01/2009 -25.4%.
193, 09/01/2009 -23.7%.
Point 194, 10/01/2009 is -26.1%. -26.4%.
3 Year Performance to 01 July 2011
Cumulative Return
01/
07/
2008
09/
10/
2008
17/
01/
2009
27/
04/
2009
05/
08/
2009
13/
11/
2009
21/
02/
2010
01/
06/
2010
09/
09/
2010
18/
12/
2010
28/
03/
2011
Calendar Year Performance
2010 2009 2008 2007 2006
21.1% 28.0% -40.6% - -
Asset Pie chart Split with as 3 at items. 30 June 2011
1, 2, Water/Wastewater Infrastructure Utility 29% 43% 29. 43.
Item 3, Water Technologies 28% 28.
End of image description.
Asset Split as at 30 June 2011
Water/Wastewater Utility 43%
Water Infrastructure 29%
Water Technologies 28%
Top 10 Holdings (in alphabetical order)
American Water Works Severn Trent
Elster Group
Smith (AO)
ITRON
Suez Environment
Kurita Water Ind.
United Utilities
Pentair
Veolia Environnement
Logon to www.newireland.ie for the most recent fund information
Performance is based on the price calculated for 01 July 2011, which is calculated using close of market prices from the previous working day.
Source: MoneyMate. Performance is quoted gross of taxation and net of 1.75% p.a. fund management charge. Past performance is not a
reliable guide to future performance. The value of your investment may go down as well as up.
21

Image description.
SPOTLIGHT
At a glance
Aim
Style
To generate long term capital growth by investing in a portfolio of global
equities (approx 15-40) which have been carefully selected by SSgA Ireland's
investment team.
Actively Managed
Asset Mix
Equities
Managed By
State Street Global Advisors Ireland Limited
Total Fund Size
Risk
€8.6m
High Risk
1
Month
3
Months
1 Year
Spotlight S9 -4.0% -4.1% 4.5% 6.9%
p.a.
MSCI The World
Index (Net TR)
Calendar Year Performance
3
Years
-2.4% -1.7% 10.3% 3.3%
p.a.
2010 2009 2008 2007 2006
17.1% 35.1% -33.8% - -
Image description.
Performance Bar chart with versus 4 groups MSCI with The 2 items World per Index group. (Net TR)
Group 1, 1, Spotlight 1 Month.
Item 2, MSCI The S9 World -4.
Group 2, 3 Months. Index (Net TR) -2.4.
Item 1, 2, Spotlight MSCI The S9 World -4.1.
Group 3, 1 Year. Index (Net TR) -1.7.
Item 1, 2, Spotlight MSCI The S9 World 4.5.
Group 4, 3 Years. Index (Net TR) 10.3.
Item 1, 2, Spotlight MSCI The S9 World 6.9. Index (Net TR) 3.3.
% End Performance of image description. (p.a.)
Performance versus MSCI The World Index (Net TR)
% Performance (p.a.)
15
10
5
0
-5
1 Month 3 Months 1 Year 3 Years
Spotlight S9
MSCI The World Index (Net TR)
Image description.
Geographic Pie chart with Split 7 items. as at 30 June 2011
1, 2, North Euroland American Equities Equities 13% 13. 47% 47.
3, 4, Pacific Japanese Basin Equities Equities 10% 11% 10. 11.
5, 6, U.K. Non-Euro Equities Equities 10% 10.
Item 7, Irish Equities 4% 4. 5% 5.
End of image description.
Geographic Split as at 30 June 2011
Top 10 Holdings (in alphabetical order)
BP
Novartis
CRH
Oracle
JP Morgan Chase PNC Financial Services
Metlife
Prysmian
Microsoft
Yamato
North American Equities 47%
Euroland Equities 13%
Pacific Basin Equities 11%
Japanese Equities 10%
U.K. Equities 10%
Non-Euro Equities 5%
Irish Equities 4%
Sector Pie chart Split with as 9 at items. 30 June 2011
1, 2, Financial Industrial 21% 19% 21.
3, Technology 16% 19.
4, Consumer Discretionary 16.
5, Basic Materials 9% 9. 15% 15.
6, 7, Healthcare Consumer Staples 7% 7.
8, Energy 5% 5. 6% 6.
Item 9, Communications 2% 2.
End of image description.
Sector Split as at 30 June 2011
Financial 21%
Industrial 19%
Technology 16%
Consumer Discretionary 15%
Basic Materials 9%
Healthcare 7%
Consumer Staples 6%
Energy 5%
Communications 2%
Logon to www.newireland.ie for the most recent fund information
Performance is based on the price calculated for 01 July 2011, which is calculated using close of market prices from the previous working day.
Source: MoneyMate. Performance is quoted gross of taxation and net of 1.75% p.a. fund management charge. Past performance is not a
reliable guide to future performance. The value of your investment may go down as well as up.
22

Image description.
GLOBAL EQUITY FUND
At a glance
Aim
Style
To generate long term capital growth for investors by investing in a portfolio of
global equities
Actively Managed
Asset Mix
Equities
Managed By
State Street Global Advisors Ireland Limited
Total Fund Size
Risk
€164.6m
High Risk
Performance to 01 July 2011
1 Month -2.5%
3 Months -1.2%
YTD -2.8%
1 Year 9.1%
3 Years 0.1% p.a.
5 Years -3.3% p.a.
10 Years -2.5% p.a.
5 Line Year graph Performance with 1 line to and 01 1827 July 2011
Y scale titled Scale label. points.
Line 1, 1, Global 01/07/2006 Equity Fund Series 9.
2, 3, 02/07/2006 03/07/2006 4, 04/07/2006 0%.
5, 05/07/2006 0.2%.
6, 06/07/2006 0.3%.
7, 07/07/2006 -0.6%.
8, 08/07/2006 0.1%.
9, 09/07/2006 is 10, 10/07/2006 0%.
11, 11/07/2006 0%.
12, 12/07/2006 0.3%.
13, 13/07/2006 -0.2%.
14, 14/07/2006 -0.3%.
15, 15/07/2006 -1.8%.
16, 16/07/2006 17, 17/07/2006 18, 18/07/2006 -3.1%.
19, 19/07/2006 20, 20/07/2006 -3.5%.
21, 21/07/2006 -1.4%.
22, 22/07/2006 -1.6%.
23, 23/07/2006 24, 24/07/2006 25, 25/07/2006 -2.4%.
26, 26/07/2006 -0.5%.
27, 27/07/2006 -0.4%.
28, 28/07/2006 -0.1%.
29, 29/07/2006 0%.
30, 30/07/2006 31, 31/07/2006 32, 01/08/2006 0.5%.
33, 02/08/2006 34, 03/08/2006 -0.3%.
35, 04/08/2006 0.5%.
36, 05/08/2006 0.1%.
37, 06/08/2006 38, 07/08/2006 39, 08/08/2006 40, 09/08/2006 0.4%.
41, 10/08/2006 0.1%.
42, 11/08/2006 20%
43, 12/08/2006 0.2%.
44, 13/08/2006 45, 14/08/2006 46, 15/08/2006 0.3%.
47, 16/08/2006 0.6%.
48, 17/08/2006 1.9%.
49, 18/08/2006 2.4%.
50, 19/08/2006 51, 20/08/2006 52, 21/08/2006 53, 22/08/2006 2.5%.
54, 23/08/2006 2%.
55, 24/08/2006 2.3%.
56, 25/08/2006 1.7%.
57, 26/08/2006 58, 27/08/2006 59, 28/08/2006 60, 29/08/2006 2.1%.
61, 30/08/2006 2.6%.
62, 31/08/2006 2.8%.
63, 01/09/2006 3.2%.
64, 02/09/2006 3.1%.
65, 03/09/2006 66, 04/09/2006 67, 05/09/2006 3.5%.
68, 06/09/2006 3.8%. 0%
69, 07/09/2006 3.6%.
70, 08/09/2006 2.7%.
71, 09/09/2006 72, 10/09/2006 73, 11/09/2006 74, 12/09/2006 2%.
75, 13/09/2006 1.5%.
76, 14/09/2006 2.5%.
77, 15/09/2006 2.9%.
78, 16/09/2006 2.8%.
79, 17/09/2006 80, 18/09/2006 81, 19/09/2006 3.4%.
82, 20/09/2006 3.3%.
83, 21/09/2006 2.8%.
84, 22/09/2006 3.6%.
85, 23/09/2006 3.5%.
86, 24/09/2006 87, 25/09/2006 88, 26/09/2006 2.6%.
89, 27/09/2006 2.8%.
90, 28/09/2006 4.2%.
91, 29/09/2006 -20%
4.1%.
92, 30/09/2006 93, 01/10/2006 94, 02/10/2006 95, 03/10/2006 4.3%.
96, 04/10/2006 4.1%.
97, 05/10/2006 3.9%.
98, 06/10/2006 5.1%.
99, 07/10/2006 is 5.7%.
100, 08/10/2006 6%.
101, 09/10/2006 102, 10/10/2006 6%.
103, 11/10/2006 6.1%.
104, 12/10/2006 6.9%.
105, 13/10/2006 6.7%.
106, 14/10/2006 107, 15/10/2006 108, 16/10/2006 109, 17/10/2006 7.8%.
110, 18/10/2006 8.1%.
111, 19/10/2006 7.2%.
112, 20/10/2006 7.8%.
113, 21/10/2006 7.6%.
114, 22/10/2006 115, 23/10/2006 116, 24/10/2006 7.7%.
117, 25/10/2006
-40%
118, 26/10/2006 8.4%.
119, 27/10/2006 8.9%.
120, 28/10/2006 8.5%.
121, 29/10/2006 122, 30/10/2006 123, 31/10/2006 124, 01/11/2006 8.2%.
125, 02/11/2006 7.7%.
126, 03/11/2006 7.8%.
127, 04/11/2006 7.3%.
128, 05/11/2006 129, 06/11/2006 130, 07/11/2006 7.5%.
131, 08/11/2006 8.4%.
132, 09/11/2006 8.7%.
133, 10/11/2006 8.9%.
134, 11/11/2006 8.2%.
135, 12/11/2006 136, 13/11/2006 137, 14/11/2006 7.9%.
138, 15/11/2006 139, 16/11/2006 8.4%.
140, 17/11/2006 8.6%.
141, 18/11/2006
-60%
8.9%.
142, 19/11/2006 143, 20/11/2006 144, 21/11/2006 8.2%.
145, 22/11/2006 8.6%.
146, 23/11/2006 9%.
147, 24/11/2006 9.1%.
148, 25/11/2006 8.7%.
149, 26/11/2006 150, 27/11/2006 151, 28/11/2006 7.8%.
152, 29/11/2006 153, 30/11/2006 6.2%.
154, 01/12/2006 7.2%.
155, 02/12/2006 7%.
156, 03/12/2006 157, 04/12/2006 158, 05/12/2006 6.2%.
159, 06/12/2006 6.7%.
160, 07/12/2006 7.5%.
161, 08/12/2006 7.7%.
162, 09/12/2006 163, 10/12/2006 164, 11/12/2006 165, 12/12/2006 7.8%.
166, 13/12/2006 8.4%.
167, 14/12/2006 8.5%.
168, 15/12/2006 9%.
169, 16/12/2006 10%.
170, 17/12/2006 171, 18/12/2006 172, 19/12/2006 10.6%.
173, 20/12/2006 10.2%.
174, 21/12/2006 9.9%.
175, 22/12/2006 10%.
176, 23/12/2006 9.9%.
177, 24/12/2006 178, 25/12/2006 179, 26/12/2006 180, 27/12/2006 181, 28/12/2006 182, 29/12/2006 183, 30/12/2006 10.7%.
184, 31/12/2006 185, 01/01/2007 186, 02/01/2007 187, 03/01/2007 10.3%.
188, 04/01/2007 10.8%.
189, 05/01/2007 10.7%.
190, 06/01/2007 10.5%.
191, 07/01/2007 192, 08/01/2007 193, 09/01/2007 10%.
Point 194, 10/01/2007 is 10.3%. 9.9%.
5 Year Performance to 01 July 2011
Cumulative Return
01/
07/
2006
17/
01/
2007
05/
08/
2007
21/
02/
2008
08/
09/
2008
27/
03/
2009
13/
10/
2009
01/
05/
2010
17/
11/
2010
05/
06/
2011
Calendar Year Performance
Image description.
Equity Pie chart Split with as 7 at items. 30 June 2011
1, 2, North Euroland American Equities Equities 19% 19. 30% 30.
3, 4, U.K. Pacific Equities Basin Equities 15% 15.
5, Non-Euro 11% 11% 11. 11.
Item 6, 7, Japanese Irish Equities Equities 6% 6. 8% 8.
End of image description.
Equity Split as at 30 June 2011
2010 2009 2008 2007 2006
13.1% 30.3% -43.6% -6.0% 8.4%
North American Equities 30%
Euroland Equities 19%
U.K. Equities 15%
Pacific Basin Equities 11%
Top 10 Equities (in alphabetical order)
BHP Billiton Novartis
BNP Paribas Orkla
BP
SSgA EUR Liquidity Fund
CRH
SSgA USD Liquidity Fund
HSBC
Xstrata
Non-Euro Equities 11%
Japanese Equities 8%
Irish Equities 6%
Logon to www.newireland.ie for the most recent fund information
Performance is based on the price calculated for 01 July 2011, which is calculated using close of market prices from the previous working day.
Source: MoneyMate. Performance is quoted gross of taxation and net of 1.5% p.a. fund management charges. Past performance is not a
reliable guide to future performance. The value of your investment may go down as well as up.
23

Image description.
ETHICAL EQUITY FUND
At a glance
Aim
To generate long term capital growth by investing on an ethical basis.
Style
Actively Managed
Asset Mix
Equities
Managed By
State Street Global Advisors Ireland Limited
Total Fund Size
Risk
€10.7m
High Risk
Performance to 01 July 2011
1 Month -3.3%
3 Months -2.9%
YTD -4.3%
1 Year 6.8%
3 Years -0.1% p.a.
5 Years -5.1% p.a.
10 Years -
5 Line Year graph Performance with 1 line to and 01 1827 July 2011
Y scale titled Scale label. points.
Line 1, 1, Ethical 01/07/2006 Equity S9/ Ethical Equity Fund.
2, 3, 02/07/2006 03/07/2006 4, 04/07/2006 0%.
5, 05/07/2006 0.6%.
6, 06/07/2006 0.8%.
7, 07/07/2006 0%.
8, 08/07/2006 0.4%.
9, 09/07/2006 is 10, 10/07/2006 0.3%.
11, 11/07/2006 0.3%.
12, 12/07/2006 1%.
13, 13/07/2006 0.4%.
14, 14/07/2006 0.3%.
15, 15/07/2006 -1.2%.
16, 16/07/2006 17, 17/07/2006 18, 18/07/2006 -3%.
19, 19/07/2006 -3.4%.
20, 20/07/2006 -3.8%.
21, 21/07/2006 -1.7%.
22, 22/07/2006 -1%.
23, 23/07/2006 24, 24/07/2006 25, 25/07/2006 -2%.
26, 26/07/2006 -0.5%.
27, 27/07/2006 -0.3%.
28, 28/07/2006 -0.4%.
29, 29/07/2006 0.2%.
30, 30/07/2006 31, 31/07/2006 32, 01/08/2006 33, 02/08/2006 0.6%.
34, 03/08/2006 0.1%.
35, 04/08/2006 1.1%.
36, 05/08/2006 0.7%.
37, 06/08/2006 38, 07/08/2006 39, 08/08/2006 40, 09/08/2006 1.4%.
41, 10/08/2006 0.7%.
42, 11/08/2006 20%
1.2%.
43, 12/08/2006 1%.
44, 13/08/2006 45, 14/08/2006 46, 15/08/2006 0.7%.
47, 16/08/2006 1.2%.
48, 17/08/2006 2.2%.
49, 18/08/2006 2.9%.
50, 19/08/2006 51, 20/08/2006 52, 21/08/2006 53, 22/08/2006 3.2%.
54, 23/08/2006 2.6%.
55, 24/08/2006 3.2%.
56, 25/08/2006 57, 26/08/2006 2.8%.
58, 27/08/2006 59, 28/08/2006 60, 29/08/2006 3.1%.
61, 30/08/2006 3.3%.
62, 31/08/2006 3.9%.
63, 01/09/2006 4.1%.
64, 02/09/2006 4.2%.
65, 03/09/2006 66, 04/09/2006 67, 05/09/2006 4.6%.
68, 06/09/2006 5%. 0%
69, 07/09/2006 4.9%.
70, 08/09/2006 4.1%.
71, 09/09/2006 3.1%.
72, 10/09/2006 73, 11/09/2006 74, 12/09/2006 3.2%.
75, 13/09/2006 2.4%.
76, 14/09/2006 3.1%.
77, 15/09/2006 3.6%.
78, 16/09/2006 3.8%.
79, 17/09/2006 80, 18/09/2006 81, 19/09/2006 82, 20/09/2006 4.3%.
83, 21/09/2006 3.9%.
84, 22/09/2006 4.6%.
85, 23/09/2006 4.9%.
86, 24/09/2006 87, 25/09/2006 88, 26/09/2006 3.8%.
89, 27/09/2006 4.1%.
90, 28/09/2006 5%.
91, 29/09/2006 -20%
5.2%.
92, 30/09/2006 5.4%.
93, 01/10/2006 94, 02/10/2006 95, 03/10/2006 5.6%.
96, 04/10/2006 5.3%.
97, 05/10/2006 5.1%.
98, 06/10/2006 5.9%.
99, 07/10/2006 is 6.8%.
100, 08/10/2006 7%.
101, 09/10/2006 102, 10/10/2006 7%.
103, 11/10/2006 7.2%.
104, 12/10/2006 8.1%.
105, 13/10/2006 7.8%.
106, 14/10/2006 8.7%.
107, 15/10/2006 108, 16/10/2006 109, 17/10/2006 8.9%.
110, 18/10/2006 9.1%.
111, 19/10/2006 8.3%.
112, 20/10/2006 8.9%.
113, 21/10/2006 8.4%.
114, 22/10/2006 115, 23/10/2006 116, 24/10/2006 8.3%.
117, 25/10/2006
-40%
118, 26/10/2006 9.1%.
119, 27/10/2006 9.4%.
120, 28/10/2006 9.5%.
121, 29/10/2006 122, 30/10/2006 123, 31/10/2006 124, 01/11/2006 9.1%.
125, 02/11/2006 8.7%.
126, 03/11/2006 8.9%.
127, 04/11/2006 8.4%.
128, 05/11/2006 129, 06/11/2006 130, 07/11/2006 8.5%.
131, 08/11/2006 9.3%.
132, 09/11/2006 9.9%.
133, 10/11/2006 10%.
134, 11/11/2006 9.5%.
135, 12/11/2006 136, 13/11/2006 137, 14/11/2006 9.3%.
138, 15/11/2006 9.4%.
139, 16/11/2006 9.5%.
140, 17/11/2006 9.8%.
141, 18/11/2006
-60%
10.1%.
142, 19/11/2006 143, 20/11/2006 144, 21/11/2006 9.7%.
145, 22/11/2006 9.8%.
146, 23/11/2006 10.3%.
147, 24/11/2006 10.6%.
148, 25/11/2006 10.3%.
149, 26/11/2006 150, 27/11/2006 151, 28/11/2006 9.3%.
152, 29/11/2006 7.9%.
153, 30/11/2006 7.2%.
154, 01/12/2006 8.5%.
155, 02/12/2006 8.2%.
156, 03/12/2006 157, 04/12/2006 158, 05/12/2006 7.4%.
159, 06/12/2006 7.9%.
160, 07/12/2006 8.7%.
161, 08/12/2006 9.3%.
162, 09/12/2006 9.7%.
163, 10/12/2006 164, 11/12/2006 165, 12/12/2006 9.3%.
166, 13/12/2006 167, 14/12/2006 10%.
168, 15/12/2006 10.6%.
169, 16/12/2006 11.8%.
170, 17/12/2006 171, 18/12/2006 172, 19/12/2006 173, 20/12/2006 12.5%.
174, 21/12/2006 11.9%.
175, 22/12/2006 176, 23/12/2006 12.3%.
177, 24/12/2006 178, 25/12/2006 179, 26/12/2006 180, 27/12/2006 181, 28/12/2006 182, 29/12/2006 183, 30/12/2006 13.1%.
184, 31/12/2006 185, 01/01/2007 186, 02/01/2007 187, 03/01/2007 12.8%.
188, 04/01/2007 13.5%.
189, 05/01/2007 13.2%.
190, 06/01/2007 12.9%.
191, 07/01/2007 192, 08/01/2007 193, 09/01/2007 12.8%.
Point 194, 10/01/2007 is 12.6%. 12.7%.
5 Year Performance to 01 July 2011
Cumulative Return
01/
07/
2006
17/
01/
2007
05/
08/
2007
21/
02/
2008
08/
09/
2008
27/
03/
2009
13/
10/
2009
01/
05/
2010
17/
11/
2010
05/
06/
2011
Calendar Year Performance
Image description.
Equity Pie chart Split with as 7 at items. 30 June 2011
1, 2, North Euroland American Equities Equities 14% 14. 46% 46.
3, 4, Pacific U.K. Equities Basin Equities 10% 10. 13% 13.
5, 6, Japanese Non-Euro Equities 7% 9% 7. 9.
Item 7, Irish Equities 1% 1.
End of image description.
Equity Split as at 30 June 2011
2010 2009 2008 2007 2006
15.4% 31.8% -46.3% -13.7% 10.8%
North American Equities 46%
Euroland Equities 14%
Pacific Basin Equities 13%
U.K. Equities 10%
Top 10 Equities (in alphabetical order)
Bouygues
Nestle
Intel Corporation Oracle
JP Morgan Chase PNC Financial Services
Lowes
Statoil
Microsoft
Tyco
Japanese Equities 9%
Non-Euro Equities 7%
Irish Equities 1%
Logon to www.newireland.ie for the most recent fund information
Performance is based on the price calculated for 01 July 2011, which is calculated using close of market prices from the previous working day.
Source: MoneyMate. Performance is quoted gross of taxation and net of 1.5% p.a. fund management charges. Past performance is not a
reliable guide to future performance. The value of your investment may go down as well as up.
24

Image description.
NORTH AMERICAN EQUITY FUND & UK EQUITY
FUND
Managed By SSgA
North American Equity Fund
Top 5 Holdings (in alphabetical order)
Chevron
Exxon Mobil
JP Morgan Chase
Microsoft
Wal-Mart
5 Line Year graph Performance with 1 line to and 01 1827 July 2011
Y scale titled Scale label. points.
Line 1, 1, North 01/07/2006 American Equity Fund 9.
2, 3, 02/07/2006 03/07/2006 4, 04/07/2006 0%.
5, 05/07/2006 0.6%.
6, 06/07/2006 0.7%.
7, 07/07/2006 0.6%.
8, 08/07/2006 1%.
9, 09/07/2006 is 10, 10/07/2006 0.2%.
11, 11/07/2006 0.2%.
12, 12/07/2006 0.7%.
13, 13/07/2006 1.1%.
14, 14/07/2006 0.6%.
15, 15/07/2006 -0.5%.
16, 16/07/2006 17, 17/07/2006 18, 18/07/2006 -0.8%.
19, 19/07/2006 -0.7%.
20, 20/07/2006 -0.6%.
21, 21/07/2006 1.1%.
22, 22/07/2006 0%.
23, 23/07/2006 24, 24/07/2006 25, 25/07/2006 -0.7%.
26, 26/07/2006 1.2%.
27, 27/07/2006 2.2%.
28, 28/07/2006 1.7%.
29, 29/07/2006 0.1%.
30, 30/07/2006 31, 31/07/2006 32, 01/08/2006 0.6%.
33, 02/08/2006 0.4%.
34, 03/08/2006 0.2%.
35, 04/08/2006 0.4%.
36, 05/08/2006 0.6%.
37, 06/08/2006 38, 07/08/2006 39, 08/08/2006 40, 09/08/2006 -0.2%.
41, 10/08/2006 -0.4%.
42, 11/08/2006 -1.5%.
43, 12/08/2006 -0.6%.
44, 13/08/2006 45, 14/08/2006 46, 15/08/2006 -0.8%.
47, 16/08/2006 -1%.
48, 17/08/2006 0%.
49, 18/08/2006 0.6%.
50, 19/08/2006 0.7%.
51, 20/08/2006 52, 21/08/2006 53, 22/08/2006 1.6%.
54, 23/08/2006 55, 24/08/2006 56, 25/08/2006 0.6%.
57, 26/08/2006 0.8%.
58, 27/08/2006 59, 28/08/2006 60, 29/08/2006 1.1%.
61, 30/08/2006 1.3%.
62, 31/08/2006 1.2%.
63, 01/09/2006 1%.
64, 02/09/2006 1.4%.
65, 03/09/2006 66, 04/09/2006 67, 05/09/2006 1.9%.
68, 06/09/2006 1.7%.
69, 07/09/2006 1.8%.
70, 08/09/2006 1%.
71, 09/09/2006 0.7%.
72, 10/09/2006 73, 11/09/2006 74, 12/09/2006 1.3%.
75, 13/09/2006 1.1%.
76, 14/09/2006 1.9%.
77, 15/09/2006 2.8%.
78, 16/09/2006 2.3%.
79, 17/09/2006 80, 18/09/2006 81, 19/09/2006 3.1%.
82, 20/09/2006 2.8%.
83, 21/09/2006 2.3%.
84, 22/09/2006 2.7%.
85, 23/09/2006 2%.
86, 24/09/2006 87, 25/09/2006 88, 26/09/2006 1.4%.
89, 27/09/2006 2.1%.
90, 28/09/2006 3.2%.
91, 29/09/2006 3.1%.
92, 30/09/2006 4%.
93, 01/10/2006 94, 02/10/2006 95, 03/10/2006 3.7%.
96, 04/10/2006 3.2%.
97, 05/10/2006 3.4%.
98, 06/10/2006 5.1%.
99, 07/10/2006 is 5.6%.
100, 08/10/2006 5.9%.
101, 09/10/2006 102, 10/10/2006 5.9%.
103, 11/10/2006 6%.
104, 12/10/2006 6.9%.
105, 13/10/2006 6.5%.
106, 14/10/2006 7.6%.
107, 15/10/2006 108, 16/10/2006 109, 17/10/2006 8%.
110, 18/10/2006 8.4%.
111, 19/10/2006 7.5%.
112, 20/10/2006 8%.
113, 21/10/2006 114, 22/10/2006 115, 23/10/2006 116, 24/10/2006 7.4%.
117, 25/10/2006 8.4%.
118, 26/10/2006 8.8%.
119, 27/10/2006 9.6%.
120, 28/10/2006 9.4%.
121, 29/10/2006 122, 30/10/2006 123, 31/10/2006 124, 01/11/2006 8.4%.
125, 02/11/2006 8.2%.
126, 03/11/2006 7.4%.
127, 04/11/2006 7.6%.
128, 05/11/2006 129, 06/11/2006 130, 07/11/2006 8.1%.
131, 08/11/2006 9%.
132, 09/11/2006 8.7%.
133, 10/11/2006 9.4%.
134, 11/11/2006 135, 12/11/2006 136, 13/11/2006 137, 14/11/2006 8.5%.
138, 15/11/2006 8.8%.
139, 16/11/2006 9.3%.
140, 17/11/2006 9.7%.
141, 18/11/2006 142, 19/11/2006 143, 20/11/2006 144, 21/11/2006 10.4%.
145, 22/11/2006 10.3%.
146, 23/11/2006 10.8%.
147, 24/11/2006 10.2%.
148, 25/11/2006 10.1%.
149, 26/11/2006 150, 27/11/2006 151, 28/11/2006 9.1%.
152, 29/11/2006 153, 30/11/2006 7.4%.
154, 01/12/2006 8.4%.
155, 02/12/2006 7.8%.
156, 03/12/2006 157, 04/12/2006 158, 05/12/2006 6.9%.
159, 06/12/2006 8.1%.
160, 07/12/2006 8.6%.
161, 08/12/2006 8.4%.
162, 09/12/2006 8.3%.
163, 10/12/2006 164, 11/12/2006 165, 12/12/2006 8.1%.
166, 13/12/2006 9%.
167, 14/12/2006 8.8%.
168, 15/12/2006 8.9%.
169, 16/12/2006 9.9%.
170, 17/12/2006 171, 18/12/2006 172, 19/12/2006 9.8%.
173, 20/12/2006 9.5%.
174, 21/12/2006 175, 22/12/2006 176, 23/12/2006 9.1%.
177, 24/12/2006 178, 25/12/2006 179, 26/12/2006 180, 27/12/2006 181, 28/12/2006 182, 29/12/2006 183, 30/12/2006 10.1%.
184, 31/12/2006 185, 01/01/2007 186, 02/01/2007 187, 03/01/2007 9.5%.
188, 04/01/2007 8.9%.
189, 05/01/2007 8.2%.
190, 06/01/2007 191, 07/01/2007 192, 08/01/2007 193, 09/01/2007 8.3%.
194, 10/01/2007 9%.
195, 11/01/2007 8.5%.
196, 12/01/2007 8.9%.
197, 13/01/2007 9.9%.
198, 14/01/2007 199, 15/01/2007 200, 16/01/2007 201, 17/01/2007 10.5%.
202, 18/01/2007 10.3%.
203, 19/01/2007 10.8%.
204, 20/01/2007 10.1%.
205, 21/01/2007 206, 22/01/2007 207, 23/01/2007 10.7%.
208, 24/01/2007 10%.
209, 25/01/2007 10.8%.
210, 26/01/2007 11.9%.
211, 27/01/2007 10.3%.
Point 212, 28/01/2007 is 10.5%.
5 Year Performance to 01 July 2011
Cumulative Return
20%
0%
-20%
-40%
-60%
01/
07/
2006
17/
01/
2007
05/
08/
2007
21/
02/
2008
08/
09/
2008
27/
03/
2009
13/
10/
2009
01/
05/
2010
17/
11/
2010
05/
06/
2011
Performance to 01 July 2011
1 Month -3.5%
3 Months -3.7%
YTD -4.2%
1 Year 6.9%
3 Years 4.5% p.a.
5 Years -0.2% p.a.
10 Years -2.6% p.a.
UK Equity Fund
Top 5 Holdings (in alphabetical order)
BHP Billiton
BP
HSBC
Imperial Tobacco
Xstrata
Image description.
5 Line Year graph Performance with 1 line to and 01 1827 July 2011
Y scale titled Scale label. points.
Line 1, 1, UK 01/07/2006 Equity Fund Series 9.
2, 3, 02/07/2006 03/07/2006 4, 04/07/2006 5, 05/07/2006 0%.
6, 06/07/2006 0.5%.
7, 07/07/2006 -0.7%.
8, 08/07/2006 0%.
9, 09/07/2006 is 10, 10/07/2006 -0.5%.
11, 11/07/2006 -0.5%.
12, 12/07/2006 -0.3%.
13, 13/07/2006 14, 14/07/2006 -0.9%.
15, 15/07/2006 -2.3%.
16, 16/07/2006 17, 17/07/2006 18, 18/07/2006 -3.6%.
19, 19/07/2006 -3.5%.
20, 20/07/2006 -3%.
21, 21/07/2006 -0.7%.
22, 22/07/2006 -0.4%.
23, 23/07/2006 24, 24/07/2006 25, 25/07/2006 -1.6%.
26, 26/07/2006 0.2%.
27, 27/07/2006 0.5%.
28, 28/07/2006 0.8%.
29, 29/07/2006 1.5%.
30, 30/07/2006 31, 31/07/2006 32, 01/08/2006 1.6%.
33, 02/08/2006 1.1%.
34, 03/08/2006 0.1%.
35, 04/08/2006 1.4%.
36, 05/08/2006 0%.
37, 06/08/2006 38, 07/08/2006 39, 08/08/2006 40, 09/08/2006 1.5%.
41, 10/08/2006 0.7%.
42, 11/08/2006 43, 12/08/2006 -0.2%.
44, 13/08/2006 45, 14/08/2006 46, 15/08/2006 0.2%.
47, 16/08/2006 1%.
48, 17/08/2006 1.3%.
49, 18/08/2006 2%.
50, 19/08/2006 2.1%.
51, 20/08/2006 52, 21/08/2006 53, 22/08/2006 1.6%.
54, 23/08/2006 1.4%.
55, 24/08/2006 1.6%.
56, 25/08/2006 57, 26/08/2006 1.1%.
58, 27/08/2006 59, 28/08/2006 60, 29/08/2006 1.4%.
61, 30/08/2006 1.6%.
62, 31/08/2006 2.6%.
63, 01/09/2006 3.8%.
64, 02/09/2006 3.5%.
65, 03/09/2006 66, 04/09/2006 67, 05/09/2006 3.9%.
68, 06/09/2006 4.3%.
69, 07/09/2006 4.1%.
70, 08/09/2006 3.2%.
71, 09/09/2006 1.7%.
72, 10/09/2006 73, 11/09/2006 74, 12/09/2006 2.1%.
75, 13/09/2006 1.8%.
76, 14/09/2006 3.7%.
77, 15/09/2006 4.8%.
78, 16/09/2006 4.7%.
79, 17/09/2006 80, 18/09/2006 81, 19/09/2006 5.3%.
82, 20/09/2006 4.5%.
83, 21/09/2006 3.7%.
84, 22/09/2006 4.7%.
85, 23/09/2006 5.7%.
86, 24/09/2006 87, 25/09/2006 88, 26/09/2006 4.1%.
89, 27/09/2006 3.9%.
90, 28/09/2006 5.6%.
91, 29/09/2006 5.5%.
92, 30/09/2006 5.3%.
93, 01/10/2006 94, 02/10/2006 95, 03/10/2006 4.4%.
96, 04/10/2006 4.9%.
97, 05/10/2006 5.5%.
98, 06/10/2006 5.8%.
99, 07/10/2006 is 6.1%.
100, 08/10/2006 6.3%.
101, 09/10/2006 102, 10/10/2006 6.3%.
103, 11/10/2006 6.8%.
104, 12/10/2006 7.9%.
105, 13/10/2006 8.2%.
106, 14/10/2006 9.3%.
107, 15/10/2006 108, 16/10/2006 109, 17/10/2006 10%.
110, 18/10/2006 10.1%.
111, 19/10/2006 8.8%.
112, 20/10/2006 10%.
113, 21/10/2006 114, 22/10/2006 115, 23/10/2006 116, 24/10/2006 9.9%.
117, 25/10/2006 10.1%.
118, 26/10/2006 10.3%.
119, 27/10/2006 10.7%.
120, 28/10/2006 9.4%.
121, 29/10/2006 122, 30/10/2006 123, 31/10/2006 124, 01/11/2006 9.1%.
125, 02/11/2006 9.3%.
126, 03/11/2006 9.5%.
127, 04/11/2006 8.9%.
128, 05/11/2006 129, 06/11/2006 130, 07/11/2006 8.7%.
131, 08/11/2006 9.7%.
132, 09/11/2006 10.2%.
133, 10/11/2006 9.8%.
134, 11/11/2006 8.9%.
135, 12/11/2006 136, 13/11/2006 137, 14/11/2006 8.4%.
138, 15/11/2006 7.7%.
139, 16/11/2006 7%.
140, 17/11/2006 7.3%.
141, 18/11/2006 8.4%.
142, 19/11/2006 143, 20/11/2006 144, 21/11/2006 7.5%.
145, 22/11/2006 8.1%.
146, 23/11/2006 7.7%.
147, 24/11/2006 7.2%.
148, 25/11/2006 6.5%.
149, 26/11/2006 150, 27/11/2006 151, 28/11/2006 5.6%.
152, 29/11/2006 4.2%.
153, 30/11/2006 4.3%.
154, 01/12/2006 6%.
155, 02/12/2006 5.5%.
156, 03/12/2006 157, 04/12/2006 158, 05/12/2006 5.6%.
159, 06/12/2006 5.7%.
160, 07/12/2006 5.8%.
161, 08/12/2006 6.1%.
162, 09/12/2006 7.4%.
163, 10/12/2006 164, 11/12/2006 165, 12/12/2006 6.9%.
166, 13/12/2006 7.2%.
167, 14/12/2006 7.4%.
168, 15/12/2006 8.2%.
169, 16/12/2006 8.8%.
170, 17/12/2006 171, 18/12/2006 172, 19/12/2006 10%.
173, 20/12/2006 9.6%.
174, 21/12/2006 175, 22/12/2006 9.1%.
176, 23/12/2006 8.5%.
177, 24/12/2006 178, 25/12/2006 179, 26/12/2006 180, 27/12/2006 181, 28/12/2006 182, 29/12/2006 183, 30/12/2006 9.7%.
184, 31/12/2006 185, 01/01/2007 186, 02/01/2007 187, 03/01/2007 8.9%.
188, 04/01/2007 11.2%.
189, 05/01/2007 10.9%.
190, 06/01/2007 10.7%.
191, 07/01/2007 192, 08/01/2007 193, 09/01/2007 10.5%.
194, 10/01/2007 10.6%.
195, 11/01/2007 11.5%.
196, 12/01/2007 10.8%.
197, 13/01/2007 13.1%.
198, 14/01/2007 199, 15/01/2007 200, 16/01/2007 13.6%.
201, 17/01/2007 14.4%.
202, 18/01/2007 203, 19/01/2007 13.3%.
204, 20/01/2007 14%.
205, 21/01/2007 206, 22/01/2007 207, 23/01/2007 14.7%.
208, 24/01/2007 14.3%.
209, 25/01/2007 14.8%.
210, 26/01/2007 15.7%.
211, 27/01/2007 15.3%.
Point 212, 28/01/2007 is 14.6%.
5 Year Performance to 01 July 2011
Cumulative Return
40%
20%
0%
-20%
-40%
-60%
01/
07/
2006
17/
01/
2007
05/
08/
2007
21/
02/
2008
08/
09/
2008
27/
03/
2009
13/
10/
2009
01/
05/
2010
17/
11/
2010
05/
06/
2011
Performance to 01 July 2011
1 Month -4.6%
3 Months -0.2%
YTD -2.1%
1 Year 15.3%
3 Years 0.4% p.a.
5 Years -2.9% p.a.
10 Years -3.0% p.a.
Logon to www.newireland.ie for the most recent fund information
Performance is based on the price calculated for 01 July 2011, which is calculated using close of market prices from the previous working day.
Source: MoneyMate. Performance is quoted gross of taxation and net of 1.5% p.a. fund management charges. Past performance is not a
reliable guide to future performance. The value of your investment may go down as well as up.
25

Image description.
EUROPEAN EQUITY FUND & EUROLAND EQUITY
FUND
Managed By SSgA
European Equity Fund
Top 5 Holdings (in alphabetical order)
BNP Paribas
Novartis
Orkla
Repsol
UBS
5 Line Year graph Performance with 1 line to and 01 1827 July 2011
Y scale titled Scale label. points.
Line 1, 1, European 01/07/2006 Equity Fund S 9.
2, 3, 02/07/2006 03/07/2006 4, 04/07/2006 0%.
5, 05/07/2006 0.5%.
6, 06/07/2006 0.6%.
7, 07/07/2006 -0.5%.
8, 08/07/2006 9, 09/07/2006 is 10, 10/07/2006 0.4%.
11, 11/07/2006 0.4%.
12, 12/07/2006 0.8%.
13, 13/07/2006 -0.2%.
14, 14/07/2006 0.1%.
15, 15/07/2006 -1.6%.
16, 16/07/2006 17, 17/07/2006 18, 18/07/2006 -3.5%.
19, 19/07/2006 -3.8%.
20, 20/07/2006 -4.2%.
21, 21/07/2006 -2.2%.
22, 22/07/2006 -1.8%.
23, 23/07/2006 24, 24/07/2006 25, 25/07/2006 -2.6%.
26, 26/07/2006 27, 27/07/2006 -0.6%.
28, 28/07/2006 -0.3%.
29, 29/07/2006 0.7%.
30, 30/07/2006 31, 31/07/2006 32, 01/08/2006 1.5%.
33, 02/08/2006 1.2%.
34, 03/08/2006 0.3%.
35, 04/08/2006 1.1%.
36, 05/08/2006 0.5%.
37, 06/08/2006 38, 07/08/2006 39, 08/08/2006 40, 09/08/2006 1.7%.
41, 10/08/2006 0.5%.
42, 11/08/2006 1.9%.
43, 12/08/2006 1.1%.
44, 13/08/2006 45, 14/08/2006 46, 15/08/2006 1.4%.
47, 16/08/2006 2.3%.
48, 17/08/2006 3.7%.
49, 18/08/2006 4.1%.
50, 19/08/2006 4%.
51, 20/08/2006 52, 21/08/2006 53, 22/08/2006 3.8%.
54, 23/08/2006 3.3%.
55, 24/08/2006 3.7%.
56, 25/08/2006 2.9%.
57, 26/08/2006 3.6%.
58, 27/08/2006 59, 28/08/2006 60, 29/08/2006 3.5%.
61, 30/08/2006 62, 31/08/2006 3.9%.
63, 01/09/2006 4.3%.
64, 02/09/2006 4%.
65, 03/09/2006 66, 04/09/2006 67, 05/09/2006 4.3%.
68, 06/09/2006 4.8%.
69, 07/09/2006 4.4%.
70, 08/09/2006 3.7%.
71, 09/09/2006 2.5%.
72, 10/09/2006 73, 11/09/2006 74, 12/09/2006 2.7%.
75, 13/09/2006 2.1%.
76, 14/09/2006 3.2%.
77, 15/09/2006 3.4%.
78, 16/09/2006 3.1%.
79, 17/09/2006 80, 18/09/2006 81, 19/09/2006 82, 20/09/2006 3.6%.
83, 21/09/2006 3%.
84, 22/09/2006 4.4%.
85, 23/09/2006 4.6%.
86, 24/09/2006 87, 25/09/2006 88, 26/09/2006 89, 27/09/2006 3.5%.
90, 28/09/2006 4.8%.
91, 29/09/2006 92, 30/09/2006 93, 01/10/2006 94, 02/10/2006 95, 03/10/2006 96, 04/10/2006 4.9%.
97, 05/10/2006 4.5%.
98, 06/10/2006 5.1%.
99, 07/10/2006 is 5.9%.
100, 08/10/2006 6%.
101, 09/10/2006 102, 10/10/2006 6%.
103, 11/10/2006 6.1%.
104, 12/10/2006 105, 13/10/2006 7%.
106, 14/10/2006 7.8%.
107, 15/10/2006 108, 16/10/2006 109, 17/10/2006 110, 18/10/2006 7.6%.
111, 19/10/2006 6.4%.
112, 20/10/2006 7.4%.
113, 21/10/2006 7.3%.
114, 22/10/2006 115, 23/10/2006 116, 24/10/2006 7.9%.
117, 25/10/2006 8.6%.
118, 26/10/2006 119, 27/10/2006 120, 28/10/2006 8.2%.
121, 29/10/2006 122, 30/10/2006 123, 31/10/2006 124, 01/11/2006 7.8%.
125, 02/11/2006 7.1%.
126, 03/11/2006 7.3%.
127, 04/11/2006 6.6%.
128, 05/11/2006 129, 06/11/2006 130, 07/11/2006 6.9%.
131, 08/11/2006 8.2%.
132, 09/11/2006 133, 10/11/2006 9.2%.
134, 11/11/2006 135, 12/11/2006 136, 13/11/2006 137, 14/11/2006 9%.
138, 15/11/2006 9.5%.
139, 16/11/2006 9.4%.
140, 17/11/2006 9.6%.
141, 18/11/2006 9.5%.
142, 19/11/2006 143, 20/11/2006 144, 21/11/2006 8.7%.
145, 22/11/2006 9.3%.
146, 23/11/2006 9.4%.
147, 24/11/2006 9.6%.
148, 25/11/2006 9.3%.
149, 26/11/2006 150, 27/11/2006 151, 28/11/2006 8.4%.
152, 29/11/2006 6.8%.
153, 30/11/2006 6.3%.
154, 01/12/2006 7.9%.
155, 02/12/2006 7.1%.
156, 03/12/2006 157, 04/12/2006 158, 05/12/2006 5.7%.
159, 06/12/2006 6.2%.
160, 07/12/2006 161, 08/12/2006 7.4%.
162, 09/12/2006 8.2%.
163, 10/12/2006 164, 11/12/2006 165, 12/12/2006 8%.
166, 13/12/2006 8.8%.
167, 14/12/2006 9%.
168, 15/12/2006 9.5%.
169, 16/12/2006 10.3%.
170, 17/12/2006 171, 18/12/2006 172, 19/12/2006 11%.
173, 20/12/2006 10.8%.
174, 21/12/2006 10.1%.
175, 22/12/2006 10.3%.
176, 23/12/2006 10.2%.
177, 24/12/2006 178, 25/12/2006 179, 26/12/2006 180, 27/12/2006 181, 28/12/2006 182, 29/12/2006 183, 30/12/2006 10.7%.
184, 31/12/2006 185, 01/01/2007 186, 02/01/2007 187, 03/01/2007 10.5%.
188, 04/01/2007 11.5%.
189, 05/01/2007 11.8%.
190, 06/01/2007 11.3%.
191, 07/01/2007 192, 08/01/2007 193, 09/01/2007 10.3%.
194, 10/01/2007 10.1%.
195, 11/01/2007 9.7%.
196, 12/01/2007 8.9%.
197, 13/01/2007 10.6%.
198, 14/01/2007 199, 15/01/2007 200, 16/01/2007 11.1%.
201, 17/01/2007 11.8%.
202, 18/01/2007 11.4%.
203, 19/01/2007 10.9%.
204, 20/01/2007 10.8%.
205, 21/01/2007 206, 22/01/2007 207, 23/01/2007 11.7%.
208, 24/01/2007 209, 25/01/2007 11%.
210, 26/01/2007 12.1%.
211, 27/01/2007 11.8%.
Point 212, 28/01/2007 is 10.9%.
5 Year Performance to 01 July 2011
Cumulative Return
40%
20%
0%
-20%
-40%
-60%
01/
07/
2006
17/
01/
2007
05/
08/
2007
21/
02/
2008
08/
09/
2008
27/
03/
2009
13/
10/
2009
01/
05/
2010
17/
11/
2010
05/
06/
2011
Performance to 01 July 2011
1 Month -1.8%
3 Months 1.4%
YTD 3.1%
1 Year 15.3%
3 Years -1.0% p.a.
5 Years -2.7% p.a.
10 Years -2.2% p.a.
Euroland Equity Fund
Top 5 Holdings (in alphabetical order)
BNP Paribas
DaimlerChrysler
Repsol
Sanofi
Total
Image description.
5 Line Year graph Performance with 1 line to and 01 1827 July 2011
Y scale titled Scale label. points.
Line 1, 1, Euroland 01/07/2006 Equity Fund 9.
2, 3, 02/07/2006 03/07/2006 4, 04/07/2006 0%.
5, 05/07/2006 0.4%.
6, 06/07/2006 0.5%.
7, 07/07/2006 -0.8%.
8, 08/07/2006 0.3%.
9, 09/07/2006 is 10, 10/07/2006 0.1%.
11, 11/07/2006 0.1%.
12, 12/07/2006 0.5%.
13, 13/07/2006 -0.7%.
14, 14/07/2006 -0.4%.
15, 15/07/2006 -2.2%.
16, 16/07/2006 17, 17/07/2006 18, 18/07/2006 -4%.
19, 19/07/2006 -4.7%.
20, 20/07/2006 -4.9%.
21, 21/07/2006 -2.5%.
22, 22/07/2006 -2.2%.
23, 23/07/2006 24, 24/07/2006 25, 25/07/2006 -3.2%.
26, 26/07/2006 -1.4%.
27, 27/07/2006 -1.6%.
28, 28/07/2006 -1.3%.
29, 29/07/2006 0.1%.
30, 30/07/2006 31, 31/07/2006 32, 01/08/2006 0.6%.
33, 02/08/2006 0.4%.
34, 03/08/2006 -0.7%.
35, 04/08/2006 36, 05/08/2006 0.3%.
37, 06/08/2006 38, 07/08/2006 39, 08/08/2006 40, 09/08/2006 1.6%.
41, 10/08/2006 0.6%.
42, 11/08/2006 1.8%.
43, 12/08/2006 0.8%.
44, 13/08/2006 45, 14/08/2006 46, 15/08/2006 1%.
47, 16/08/2006 2.2%.
48, 17/08/2006 3.5%.
49, 18/08/2006 4%.
50, 19/08/2006 4.2%.
51, 20/08/2006 52, 21/08/2006 53, 22/08/2006 3.9%.
54, 23/08/2006 3.6%.
55, 24/08/2006 3.9%.
56, 25/08/2006 3.1%.
57, 26/08/2006 3.7%.
58, 27/08/2006 59, 28/08/2006 60, 29/08/2006 3.4%.
61, 30/08/2006 3.9%.
62, 31/08/2006 4%.
63, 01/09/2006 4.4%.
64, 02/09/2006 4.3%.
65, 03/09/2006 66, 04/09/2006 67, 05/09/2006 4.7%.
68, 06/09/2006 5.2%.
69, 07/09/2006 4.8%.
70, 08/09/2006 4%.
71, 09/09/2006 2.7%.
72, 10/09/2006 73, 11/09/2006 74, 12/09/2006 3%.
75, 13/09/2006 2.6%.
76, 14/09/2006 3.7%.
77, 15/09/2006 78, 16/09/2006 4%.
79, 17/09/2006 80, 18/09/2006 81, 19/09/2006 4.4%.
82, 20/09/2006 4.5%.
83, 21/09/2006 3.7%.
84, 22/09/2006 5.2%.
85, 23/09/2006 5.3%.
86, 24/09/2006 87, 25/09/2006 88, 26/09/2006 4.1%.
89, 27/09/2006 4.2%.
90, 28/09/2006 5.4%.
91, 29/09/2006 5.7%.
92, 30/09/2006 5.9%.
93, 01/10/2006 94, 02/10/2006 95, 03/10/2006 6.1%.
96, 04/10/2006 5.8%.
97, 05/10/2006 5.3%.
98, 06/10/2006 6.3%.
99, 07/10/2006 is 6.9%.
100, 08/10/2006 6.8%.
101, 09/10/2006 102, 10/10/2006 6.8%.
103, 11/10/2006 7%.
104, 12/10/2006 7.9%.
105, 13/10/2006 7.8%.
106, 14/10/2006 8.7%.
107, 15/10/2006 108, 16/10/2006 109, 17/10/2006 8.6%.
110, 18/10/2006 8.8%.
111, 19/10/2006 7.5%.
112, 20/10/2006 8.6%.
113, 21/10/2006 8.5%.
114, 22/10/2006 115, 23/10/2006 116, 24/10/2006 8.8%.
117, 25/10/2006 9.5%.
118, 26/10/2006 9.4%.
119, 27/10/2006 9.6%.
120, 28/10/2006 9.4%.
121, 29/10/2006 122, 30/10/2006 123, 31/10/2006 124, 01/11/2006 9.1%.
125, 02/11/2006 8.7%.
126, 03/11/2006 9%.
127, 04/11/2006 8%.
128, 05/11/2006 129, 06/11/2006 130, 07/11/2006 8.2%.
131, 08/11/2006 9.5%.
132, 09/11/2006 10.4%.
133, 10/11/2006 10.5%.
134, 11/11/2006 10.4%.
135, 12/11/2006 136, 13/11/2006 137, 14/11/2006 10.3%.
138, 15/11/2006 10.9%.
139, 16/11/2006 10.7%.
140, 17/11/2006 11.2%.
141, 18/11/2006 11.3%.
142, 19/11/2006 143, 20/11/2006 144, 21/11/2006 10.7%.
145, 22/11/2006 11.2%.
146, 23/11/2006 11.4%.
147, 24/11/2006 11.5%.
148, 25/11/2006 11.3%.
149, 26/11/2006 150, 27/11/2006 151, 28/11/2006 10.5%.
152, 29/11/2006 8.8%.
153, 30/11/2006 8.3%.
154, 01/12/2006 9.8%.
155, 02/12/2006 9%.
156, 03/12/2006 157, 04/12/2006 158, 05/12/2006 7.7%.
159, 06/12/2006 8.3%.
160, 07/12/2006 9.6%.
161, 08/12/2006 9.7%.
162, 09/12/2006 10.3%.
163, 10/12/2006 164, 11/12/2006 165, 12/12/2006 10.2%.
166, 13/12/2006 11%.
167, 14/12/2006 11.1%.
168, 15/12/2006 11.7%.
169, 16/12/2006 12.7%.
170, 17/12/2006 171, 18/12/2006 172, 19/12/2006 13.3%.
173, 20/12/2006 13.1%.
174, 21/12/2006 12.6%.
175, 22/12/2006 12.9%.
176, 23/12/2006 12.7%.
177, 24/12/2006 178, 25/12/2006 179, 26/12/2006 180, 27/12/2006 181, 28/12/2006 182, 29/12/2006 183, 30/12/2006 13.3%.
184, 31/12/2006 185, 01/01/2007 186, 02/01/2007 187, 03/01/2007 13.2%.
188, 04/01/2007 189, 05/01/2007 14.7%.
190, 06/01/2007 14.2%.
191, 07/01/2007 192, 08/01/2007 193, 09/01/2007 13.1%.
194, 10/01/2007 13%.
195, 11/01/2007 12.8%.
196, 12/01/2007 11.9%.
197, 13/01/2007 13.7%.
198, 14/01/2007 199, 15/01/2007 200, 16/01/2007 14.2%.
201, 17/01/2007 14.6%.
202, 18/01/2007 14%.
203, 19/01/2007 13.4%.
204, 20/01/2007 13.3%.
205, 21/01/2007 206, 22/01/2007 207, 23/01/2007 14.2%.
208, 24/01/2007 13.7%.
209, 25/01/2007 13.5%.
210, 26/01/2007 14.9%.
211, 27/01/2007 14.6%.
Point 212, 28/01/2007 is 13.9%.
5 Year Performance to 01 July 2011
Cumulative Return
40%
20%
0%
-20%
-40%
-60%
01/
07/
2006
17/
01/
2007
05/
08/
2007
21/
02/
2008
08/
09/
2008
27/
03/
2009
13/
10/
2009
01/
05/
2010
17/
11/
2010
05/
06/
2011
Performance to 01 July 2011
1 Month -0.8%
3 Months 1.4%
YTD 7.0%
1 Year 17.0%
3 Years -1.7% p.a.
5 Years -2.2% p.a.
10 Years -
Logon to www.newireland.ie for the most recent fund information
Performance is based on the price calculated for 01 July 2011, which is calculated using close of market prices from the previous working day.
Source: MoneyMate. Performance is quoted gross of taxation and net of 1.5% p.a. fund management charges. Past performance is not a
reliable guide to future performance. The value of your investment may go down as well as up.
26

Image description.
PACIFIC BASIN EQUITY FUND & JAPANESE EQUITY
FUND
Managed By SSgA
Pacific Basin Equity Fund
Top 5 Holdings (in alphabetical order)
BHP
Samsung Electronics
Taiwan Semiconductor
United Overseas Bank
Westpac Banking Corporation
5 Line Year graph Performance with 1 line to and 01 1827 July 2011
Y scale titled Scale label. points.
Line 1, 1, Pacific 01/07/2006 Basin Securities S 9.
2, 3, 02/07/2006 03/07/2006 4, 04/07/2006 0%.
5, 05/07/2006 -1.5%.
6, 06/07/2006 -1.8%.
7, 07/07/2006 -2%.
8, 08/07/2006 -2.6%.
9, 09/07/2006 is 10, 10/07/2006 -2.5%.
11, 11/07/2006 -2.5%.
12, 12/07/2006 -2.6%.
13, 13/07/2006 14, 14/07/2006 -2.8%.
15, 15/07/2006 -5.5%.
16, 16/07/2006 17, 17/07/2006 18, 18/07/2006 -6%.
19, 19/07/2006 20, 20/07/2006 -5.9%.
21, 21/07/2006 -4.6%.
22, 22/07/2006 -5.1%.
23, 23/07/2006 24, 24/07/2006 25, 25/07/2006 -6%.
26, 26/07/2006 -4.5%.
27, 27/07/2006 -4.9%.
28, 28/07/2006 -2.8%.
29, 29/07/2006 -4.8%.
30, 30/07/2006 31, 31/07/2006 32, 01/08/2006 -4.5%.
33, 02/08/2006 -3.7%.
34, 03/08/2006 -3.8%.
35, 04/08/2006 -3.6%.
36, 05/08/2006 -4.6%.
37, 06/08/2006 38, 07/08/2006 39, 08/08/2006 40, 09/08/2006 -4.4%.
41, 10/08/2006 -3.5%.
42, 11/08/2006 -3.3%.
43, 12/08/2006 44, 13/08/2006 45, 14/08/2006 46, 15/08/2006 -2.1%.
47, 16/08/2006 -2.6%.
48, 17/08/2006 -1.5%.
49, 18/08/2006 -0.3%.
50, 19/08/2006 -0.2%.
51, 20/08/2006 52, 21/08/2006 53, 22/08/2006 -0.4%.
54, 23/08/2006 -0.2%.
55, 24/08/2006 0.7%.
56, 25/08/2006 -1.1%.
57, 26/08/2006 -0.4%.
58, 27/08/2006 59, 28/08/2006 60, 29/08/2006 -0.3%.
61, 30/08/2006 0.6%.
62, 31/08/2006 1.4%.
63, 01/09/2006 1.7%.
64, 02/09/2006 1.5%.
65, 03/09/2006 66, 04/09/2006 67, 05/09/2006 68, 06/09/2006 2%.
69, 07/09/2006 1.7%.
70, 08/09/2006 0.8%.
71, 09/09/2006 1.2%.
72, 10/09/2006 73, 11/09/2006 74, 12/09/2006 0.4%.
75, 13/09/2006 -0.9%.
76, 14/09/2006 0.3%.
77, 15/09/2006 0.2%.
78, 16/09/2006 1%.
79, 17/09/2006 80, 18/09/2006 81, 19/09/2006 1.8%.
82, 20/09/2006 2.6%.
83, 21/09/2006 2.3%.
84, 22/09/2006 3.2%.
85, 23/09/2006 2.7%.
86, 24/09/2006 87, 25/09/2006 88, 26/09/2006 0.9%.
89, 27/09/2006 1.3%.
90, 28/09/2006 3.3%.
91, 29/09/2006 2.8%.
92, 30/09/2006 3.2%.
93, 01/10/2006 94, 02/10/2006 95, 03/10/2006 3.4%.
96, 04/10/2006 3.2%.
97, 05/10/2006 2.6%.
98, 06/10/2006 4.7%.
99, 07/10/2006 is 4.4%.
100, 08/10/2006 4.2%.
101, 09/10/2006 102, 10/10/2006 4.2%.
103, 11/10/2006 4.4%.
104, 12/10/2006 5.1%.
105, 13/10/2006 4.7%.
106, 14/10/2006 6.6%.
107, 15/10/2006 108, 16/10/2006 109, 17/10/2006 7.2%.
110, 18/10/2006 111, 19/10/2006 7.1%.
112, 20/10/2006 6.7%.
113, 21/10/2006 114, 22/10/2006 115, 23/10/2006 116, 24/10/2006 6.7%.
117, 25/10/2006 7.3%.
118, 26/10/2006 7.8%.
119, 27/10/2006 9.1%.
120, 28/10/2006 8.9%.
121, 29/10/2006 122, 30/10/2006 123, 31/10/2006 124, 01/11/2006 9.1%.
125, 02/11/2006 8.5%.
126, 03/11/2006 8.6%.
127, 04/11/2006 8.8%.
128, 05/11/2006 129, 06/11/2006 130, 07/11/2006 9.3%.
131, 08/11/2006 10%.
132, 09/11/2006 8.9%.
133, 10/11/2006 9.6%.
134, 11/11/2006 9.3%.
135, 12/11/2006 136, 13/11/2006 137, 14/11/2006 9%.
138, 15/11/2006 9.7%.
139, 16/11/2006 11.1%.
140, 17/11/2006 11.2%.
141, 18/11/2006 12.3%.
142, 19/11/2006 143, 20/11/2006 144, 21/11/2006 10.2%.
145, 22/11/2006 11.7%.
146, 23/11/2006 13.2%.
147, 24/11/2006 13.4%.
148, 25/11/2006 12.7%.
149, 26/11/2006 150, 27/11/2006 151, 28/11/2006 11.5%.
152, 29/11/2006 9.7%.
153, 30/11/2006 10.3%.
154, 01/12/2006 8.7%.
155, 02/12/2006 10.8%.
156, 03/12/2006 157, 04/12/2006 158, 05/12/2006 10.7%.
159, 06/12/2006 11.2%.
160, 07/12/2006 12.1%.
161, 08/12/2006 11.3%.
162, 09/12/2006 11.2%.
163, 10/12/2006 164, 11/12/2006 165, 12/12/2006 11.4%.
166, 13/12/2006 11.5%.
167, 14/12/2006 10.6%.
168, 15/12/2006 11.2%.
169, 16/12/2006 13.7%.
170, 17/12/2006 171, 18/12/2006 172, 19/12/2006 14.5%.
173, 20/12/2006 13.4%.
174, 21/12/2006 13.8%.
175, 22/12/2006 13.1%.
176, 23/12/2006 13.6%.
177, 24/12/2006 178, 25/12/2006 179, 26/12/2006 180, 27/12/2006 181, 28/12/2006 182, 29/12/2006 183, 30/12/2006 14.9%.
184, 31/12/2006 185, 01/01/2007 186, 02/01/2007 187, 03/01/2007 14.8%.
188, 04/01/2007 14.7%.
189, 05/01/2007 13.2%.
190, 06/01/2007 14.4%.
191, 07/01/2007 192, 08/01/2007 193, 09/01/2007 13.2%.
194, 10/01/2007 13.8%.
195, 11/01/2007 11.9%.
196, 12/01/2007 11.5%.
197, 13/01/2007 14%.
198, 14/01/2007 199, 15/01/2007 200, 16/01/2007 15.3%.
201, 17/01/2007 14.8%.
202, 18/01/2007 14.4%.
203, 19/01/2007 15.4%.
204, 20/01/2007 14.4%.
205, 21/01/2007 206, 22/01/2007 207, 23/01/2007 15.7%.
208, 24/01/2007 15.4%.
209, 25/01/2007 15.8%.
210, 26/01/2007 18%.
211, 27/01/2007 14.8%.
Point 212, 28/01/2007 is 14.9%.
5 Year Performance to 01 July 2011
Cumulative Return
60%
40%
20%
0%
-20%
-40%
01/
07/
2006
17/
01/
2007
05/
08/
2007
21/
02/
2008
08/
09/
2008
27/
03/
2009
13/
10/
2009
01/
05/
2010
17/
11/
2010
05/
06/
2011
Performance to 01 July 2011
1 Month -2.6%
3 Months -6.1%
YTD -10.0%
1 Year 1.1%
3 Years 5.3% p.a.
5 Years 5.0% p.a.
10 Years 4.8% p.a.
Japanese Equity Fund
Top 5 Holdings (in alphabetical order)
Canon
Denso
Keyence Corporation
Sumitomo Mitsui Financial
Toyota
Image description.
5 Line Year graph Performance with 1 line to and 01 1827 July 2011
Y scale titled Scale label. points.
Line 1, 1, Japanese 01/07/2006 Securities Fund 9.
2, 3, 02/07/2006 03/07/2006 4, 04/07/2006 0%.
5, 05/07/2006 -1.4%.
6, 06/07/2006 -1.8%.
7, 07/07/2006 -3.6%.
8, 08/07/2006 -3.4%.
9, 09/07/2006 is 10, 10/07/2006 -1.3%.
11, 11/07/2006 -1.3%.
12, 12/07/2006 -1.5%.
13, 13/07/2006 -3.1%.
14, 14/07/2006 -4.4%.
15, 15/07/2006 -5.1%.
16, 16/07/2006 17, 17/07/2006 18, 18/07/2006 -5.9%.
19, 19/07/2006 -8.3%.
20, 20/07/2006 -7.6%.
21, 21/07/2006 -5%.
22, 22/07/2006 -6.2%.
23, 23/07/2006 24, 24/07/2006 25, 25/07/2006 -6.1%.
26, 26/07/2006 -4.1%.
27, 27/07/2006 -4.9%.
28, 28/07/2006 -2.8%.
29, 29/07/2006 -1.8%.
30, 30/07/2006 31, 31/07/2006 32, 01/08/2006 -1%.
33, 02/08/2006 -0.9%.
34, 03/08/2006 -1.7%.
35, 04/08/2006 -1.6%.
36, 05/08/2006 -1.4%.
37, 06/08/2006 38, 07/08/2006 39, 08/08/2006 40, 09/08/2006 -3.4%.
41, 10/08/2006 -0.9%.
42, 11/08/2006 -2.2%.
43, 12/08/2006 -1%.
44, 13/08/2006 45, 14/08/2006 46, 15/08/2006 -0.5%.
47, 16/08/2006 -0.8%.
48, 17/08/2006 1.9%.
49, 18/08/2006 1.3%.
50, 19/08/2006 2.4%.
51, 20/08/2006 52, 21/08/2006 53, 22/08/2006 1.9%.
54, 23/08/2006 2.1%.
55, 24/08/2006 2.3%.
56, 25/08/2006 0.9%.
57, 26/08/2006 1.2%.
58, 27/08/2006 59, 28/08/2006 60, 29/08/2006 -0.5%.
61, 30/08/2006 0.6%.
62, 31/08/2006 0.9%.
63, 01/09/2006 1.5%.
64, 02/09/2006 1.1%.
65, 03/09/2006 66, 04/09/2006 67, 05/09/2006 0.9%.
68, 06/09/2006 2.5%.
69, 07/09/2006 1.9%.
70, 08/09/2006 -0.2%.
71, 09/09/2006 72, 10/09/2006 73, 11/09/2006 74, 12/09/2006 -0.8%.
75, 13/09/2006 -1.8%.
76, 14/09/2006 -2.1%.
77, 15/09/2006 -2.3%.
78, 16/09/2006 -1.5%.
79, 17/09/2006 80, 18/09/2006 81, 19/09/2006 -0.8%.
82, 20/09/2006 -0.9%.
83, 21/09/2006 -2.2%.
84, 22/09/2006 -2.7%.
85, 23/09/2006 -3.7%.
86, 24/09/2006 87, 25/09/2006 88, 26/09/2006 89, 27/09/2006 -3.5%.
90, 28/09/2006 -0.7%.
91, 29/09/2006 92, 30/09/2006 -1.3%.
93, 01/10/2006 94, 02/10/2006 95, 03/10/2006 -0.7%.
96, 04/10/2006 -0.9%.
97, 05/10/2006 -2%.
98, 06/10/2006 0.4%.
99, 07/10/2006 is 1.8%.
100, 08/10/2006 2.8%.
101, 09/10/2006 102, 10/10/2006 103, 11/10/2006 2.8%.
104, 12/10/2006 105, 13/10/2006 2.5%.
106, 14/10/2006 3.1%.
107, 15/10/2006 108, 16/10/2006 109, 17/10/2006 2.6%.
110, 18/10/2006 3.4%.
111, 19/10/2006 3.7%.
112, 20/10/2006 2.5%.
113, 21/10/2006 2.7%.
114, 22/10/2006 115, 23/10/2006 116, 24/10/2006 3.2%.
117, 25/10/2006 3.6%.
118, 26/10/2006 3.7%.
119, 27/10/2006 4.6%.
120, 28/10/2006 3.1%.
121, 29/10/2006 122, 30/10/2006 123, 31/10/2006 124, 01/11/2006 4.5%.
125, 02/11/2006 1.6%.
126, 03/11/2006 2.5%.
127, 04/11/2006 128, 05/11/2006 129, 06/11/2006 130, 07/11/2006 1.7%.
131, 08/11/2006 0.8%.
132, 09/11/2006 0%.
133, 10/11/2006 -0.4%.
134, 11/11/2006 -2.9%.
135, 12/11/2006 136, 13/11/2006 137, 14/11/2006 -3.4%.
138, 15/11/2006 -2.4%.
139, 16/11/2006 -1.9%.
140, 17/11/2006 -3.1%.
141, 18/11/2006 -3.8%.
142, 19/11/2006 143, 20/11/2006 144, 21/11/2006 -5.7%.
145, 22/11/2006 -5.3%.
146, 23/11/2006 -4.1%.
147, 24/11/2006 -3.1%.
148, 25/11/2006 -4.9%.
149, 26/11/2006 150, 27/11/2006 151, 28/11/2006 -5.2%.
152, 29/11/2006 -5.6%.
153, 30/11/2006 -4.1%.
154, 01/12/2006 -4.2%.
155, 02/12/2006 -2.2%.
156, 03/12/2006 157, 04/12/2006 158, 05/12/2006 -2.7%.
159, 06/12/2006 -3.2%.
160, 07/12/2006 -3%.
161, 08/12/2006 -2%.
162, 09/12/2006 -2.4%.
163, 10/12/2006 164, 11/12/2006 165, 12/12/2006 -2.7%.
166, 13/12/2006 -3.1%.
167, 14/12/2006 -2.7%.
168, 15/12/2006 -2.2%.
169, 16/12/2006 -1.4%.
170, 17/12/2006 171, 18/12/2006 172, 19/12/2006 -0.2%.
173, 20/12/2006 -1.4%.
174, 21/12/2006 -1.1%.
175, 22/12/2006 -1.4%.
176, 23/12/2006 -1.5%.
177, 24/12/2006 178, 25/12/2006 179, 26/12/2006 180, 27/12/2006 181, 28/12/2006 182, 29/12/2006 183, 30/12/2006 184, 31/12/2006 185, 01/01/2007 186, 02/01/2007 187, 03/01/2007 -2.2%.
188, 04/01/2007 -2.7%.
189, 05/01/2007 -1.9%.
190, 06/01/2007 -1.6%.
191, 07/01/2007 192, 08/01/2007 193, 09/01/2007 -1.5%.
194, 10/01/2007 0.8%.
195, 11/01/2007 -0.9%.
196, 12/01/2007 -0.8%.
197, 13/01/2007 -0.2%.
198, 14/01/2007 199, 15/01/2007 200, 16/01/2007 201, 17/01/2007 1.2%.
202, 18/01/2007 1%.
203, 19/01/2007 1.3%.
204, 20/01/2007 -0.4%.
205, 21/01/2007 206, 22/01/2007 207, 23/01/2007 0.7%.
208, 24/01/2007 1.1%.
209, 25/01/2007 0.9%.
210, 26/01/2007 1.3%.
211, 27/01/2007 -0.7%.
Point 212, 28/01/2007 is -0.8%.
5 Year Performance to 01 July 2011
Cumulative Return
20%
0%
-20%
-40%
-60%
01/
07/
2006
17/
01/
2007
05/
08/
2007
21/
02/
2008
08/
09/
2008
27/
03/
2009
13/
10/
2009
01/
05/
2010
17/
11/
2010
05/
06/
2011
Performance to 01 July 2011
1 Month 1.5%
3 Months 1.5%
YTD -13.1%
1 Year -0.9%
3 Years -2.8% p.a.
5 Years -9.3% p.a.
10 Years -6.5% p.a.
Logon to www.newireland.ie for the most recent fund information
Performance is based on the price calculated for 01 July 2011, which is calculated using close of market prices from the previous working day.
Source: MoneyMate. Performance is quoted gross of taxation and net of 1.5% p.a. fund management charges. Past performance is not a
reliable guide to future performance. The value of your investment may go down as well as up.
27

Image description.
PROPERTY FUND
At a glance
Aim
Style
To generate long term capital growth through a portfolio of prime commercial
properties primarily in Ireland, the UK and Europe.
Actively Managed
Asset Mix
Property
Managed By
State Street Global Advisors Ireland Limited
Total Fund Size
Risk
€537.0m
High Risk
Performance to 01 July 2011
1 Month -0.3%
3 Months -0.3%
YTD 0.9%
1 Year 3.3%
3 Years -11.9% p.a.
5 Years -7.9% p.a.
10 Years 0.6% p.a.
Image description.
5 Line Year graph Performance with 1 line to and 01 1827 July 2011
Y scale titled Scale label. points.
Line 1, 1, Property 01/07/2006 Fund Series 9.
2, 3, 02/07/2006 03/07/2006 4, 04/07/2006 5, 05/07/2006 0%.
6, 06/07/2006 7, 07/07/2006 8, 08/07/2006 0.6%.
9, 09/07/2006 is 10, 10/07/2006 0.7%.
11, 11/07/2006 12, 12/07/2006 13, 13/07/2006 0.7%.
14, 14/07/2006 0.8%.
15, 15/07/2006 16, 16/07/2006 17, 17/07/2006 18, 18/07/2006 19, 19/07/2006 1%.
20, 20/07/2006 21, 21/07/2006 22, 22/07/2006 1.2%.
23, 23/07/2006 24, 24/07/2006 25, 25/07/2006 26, 26/07/2006 27, 27/07/2006 2.5%.
28, 28/07/2006 29, 29/07/2006 30, 30/07/2006 31, 31/07/2006 32, 01/08/2006 2.6%.
33, 02/08/2006 34, 03/08/2006 35, 04/08/2006 2.5%.
36, 05/08/2006 37, 06/08/2006 38, 07/08/2006 39, 08/08/2006 40, 09/08/2006 41, 10/08/2006 42, 11/08/2006 20%
43, 12/08/2006 44, 13/08/2006 45, 14/08/2006 46, 15/08/2006 47, 16/08/2006 48, 17/08/2006 49, 18/08/2006 2.6%.
50, 19/08/2006 51, 20/08/2006 52, 21/08/2006 53, 22/08/2006 54, 23/08/2006 2.5%.
55, 24/08/2006 56, 25/08/2006 57, 26/08/2006 3.3%.
58, 27/08/2006 59, 28/08/2006 60, 29/08/2006 61, 30/08/2006 62, 31/08/2006 63, 01/09/2006 3.4%.
64, 02/09/2006 65, 03/09/2006 66, 04/09/2006 67, 05/09/2006 3.5%.
68, 06/09/2006 0%
69, 07/09/2006 3.4%.
70, 08/09/2006 3.3%.
71, 09/09/2006 72, 10/09/2006 73, 11/09/2006 74, 12/09/2006 75, 13/09/2006 3.4%.
76, 14/09/2006 3.5%.
77, 15/09/2006 78, 16/09/2006 79, 17/09/2006 80, 18/09/2006 81, 19/09/2006 82, 20/09/2006 3.6%.
83, 21/09/2006 84, 22/09/2006 3.7%.
85, 23/09/2006 3.6%.
86, 24/09/2006 87, 25/09/2006 88, 26/09/2006 4.7%.
89, 27/09/2006 4.8%.
90, 28/09/2006 4.7%.
91, 29/09/2006 -20%
92, 30/09/2006 93, 01/10/2006 94, 02/10/2006 95, 03/10/2006 96, 04/10/2006 4.6%.
97, 05/10/2006 98, 06/10/2006 99, 07/10/2006 is 100, 08/10/2006 4.3%.
101, 09/10/2006 102, 10/10/2006 103, 11/10/2006 104, 12/10/2006 105, 13/10/2006 106, 14/10/2006 107, 15/10/2006 108, 16/10/2006 109, 17/10/2006 4.3%.
110, 18/10/2006 111, 19/10/2006 4.5%.
112, 20/10/2006 4.6%.
113, 21/10/2006 4.4%.
114, 22/10/2006 115, 23/10/2006 116, 24/10/2006 117, 25/10/2006
-40%
118, 26/10/2006 119, 27/10/2006 120, 28/10/2006 121, 29/10/2006 122, 30/10/2006 123, 31/10/2006 124, 01/11/2006 4.7%.
125, 02/11/2006 126, 03/11/2006 127, 04/11/2006 128, 05/11/2006 129, 06/11/2006 130, 07/11/2006 131, 08/11/2006 132, 09/11/2006 133, 10/11/2006 134, 11/11/2006 135, 12/11/2006 136, 13/11/2006 137, 14/11/2006 4.8%.
138, 15/11/2006 4.9%.
139, 16/11/2006 140, 17/11/2006 141, 18/11/2006
-60%
142, 19/11/2006 143, 20/11/2006 144, 21/11/2006 4.8%.
145, 22/11/2006 4.9%.
146, 23/11/2006 147, 24/11/2006 148, 25/11/2006 149, 26/11/2006 150, 27/11/2006 151, 28/11/2006 152, 29/11/2006 153, 30/11/2006 4.8%.
154, 01/12/2006 4.7%.
155, 02/12/2006 156, 03/12/2006 157, 04/12/2006 158, 05/12/2006 159, 06/12/2006 160, 07/12/2006 4.8%.
161, 08/12/2006 162, 09/12/2006 163, 10/12/2006 164, 11/12/2006 165, 12/12/2006 166, 13/12/2006 4.9%.
167, 14/12/2006 168, 15/12/2006 169, 16/12/2006 170, 17/12/2006 171, 18/12/2006 172, 19/12/2006 173, 20/12/2006 5.2%.
174, 21/12/2006 5.3%.
175, 22/12/2006 176, 23/12/2006 7.3%.
177, 24/12/2006 178, 25/12/2006 179, 26/12/2006 180, 27/12/2006 181, 28/12/2006 182, 29/12/2006 183, 30/12/2006 184, 31/12/2006 185, 01/01/2007 186, 02/01/2007 187, 03/01/2007 7%.
188, 04/01/2007 7.2%.
189, 05/01/2007 7.1%.
190, 06/01/2007 7.2%.
191, 07/01/2007 192, 08/01/2007 193, 09/01/2007 Point 194, 10/01/2007 is 7.3%. 7.4%.
5 Year Performance to 01 July 2011
Cumulative Return
01/
07/
2006
17/
01/
2007
05/
08/
2007
21/
02/
2008
08/
09/
2008
27/
03/
2009
13/
10/
2009
01/
05/
2010
17/
11/
2010
05/
06/
2011
Calendar Year Performance
2010 2009 2008 2007 2006
8.0% -9.8% -36.1% -2.0% 17.5%
Asset Pie chart Split with as 6 at items. 30 June 2011
1, 2, U.K. Irish Property (Office) 42% 42.
3, Cash 15% 15. 18% 18.
4, 5, Other (Retail) 14% 14.
Item 6, Irish Property (Industrial) 10% 1% 10. 1.
End of image description.
Asset Split as at 30 June 2011
U.K. Property 42%
Irish Property (Office) 18%
Cash 15%
Top 10 Properties (in alphabetical order)
1 Great St Helens,
London
1 Rue St. Georges/34-
36 Rue De Provence
Eversheds House -
Manchester
Jodenbreestraat 11-25
15 Dacre Street, London New Mersey Retail Park
15 Grosvenor Street
London
58 Mosley Street,
Manchester
Princes Exchange, Leeds
SSgA Europe Ex UK Index
Real Estate Mutual Fund
Other Property 14%
Irish Property (Retail) 10%
Irish Property (Industrial) 1%
Logon to www.newireland.ie for the most recent fund information
Performance is based on the price calculated for 01 July 2011, which is calculated using close of market prices from the previous working day.
Source: MoneyMate. Performance is quoted gross of taxation and net of 1.5% p.a. fund management charges. The company reserves the right
to restrict encashment or switches in the event of outflows from the fund. Past performance is not a reliable guide to future performance. The
value of your investment may go down as well as up.
28

Image description.
INDEX FUNDS Managed By SSgA
Index funds offer you a unique opportunity to participate in up to five of the world's major stock market indices. The
key difference from traditional managed funds is that their objective is to track the performance of stock market
indices, rather than to outperform using stock selection research. This is known as passive management.
Eurostoxx 50 Fund
Sector Split as at 30 June 2011
Sector Pie chart Split with as 7 at items. 30 June 2011
1, 2, Financials Consumer 29% Goods 29.
3, Other 16% 16. 16% 16.
4, 5, IT Industrials 12% 12.
6, Energy 9% 11% 9. 11.
Item 7, Health Care 7% 7.
End of image description.
Financials 29%
Consumer Goods 16%
Other 16%
IT 12%
Industrials 11%
Energy 9%
Health Care 7%
Top 5 Stocks (in alphabetical
order)
Daimler
Sanofi
Siemens
Telefonica
Total
Performance to 01 July 2011
1 Month -0.4%
3 Months -0.1%
YTD 4.3%
1 Year 13.7%
3 Years -2.5% p.a.
5 Years -2.4% p.a.
S&P 500 Fund
Image description.
Sector Pie chart Split with as 7 at items. 30 June 2011
1, 2, IT Consumer 21% 21.
3, Financials 15% Goods 15. 21% 21.
4, 5, Energy Health Care 13% 12% 13.
6, Industrials 11% 11. 12.
Item 7, Other 7% 7.
End of image description.
Sector Split as at 30 June 2011
IT 21%
Consumer Goods 21%
Financials 15%
Energy 13%
Health Care 12%
Industrials 11%
Other 7%
Top 5 Stocks (in alphabetical
order)
Apple
Chevron
Exxon Mobil
General Electric
International Business Machines
Performance to 01 July 2011
1 Month -2.6%
3 Months -2.4%
YTD -2.7%
1 Year 8.8%
3 Years 4.5% p.a.
5 Years -1.3% p.a.
Nikkei 225 Fund
Image description.
Sector Pie chart Split with as 7 at items. 30 June 2011
1, 2, Consumer IT 25% 25. Goods 26% 26.
3, 4, Industrials Health Care 25% 9% 25.
5, Other 8% 8. 9.
Item 6, 7, Financials Energy 1% 6% 1. 6.
End of image description.
Sector Split as at 30 June 2011
Consumer Goods 26%
IT 25%
Industrials 25%
Health Care 9%
Other 8%
Financials 6%
Energy 1%
Top 5 Stocks (in alphabetical
order)
Fanuc
Fast Retailing
Honda Motor
Kyocera
Softbank
Performance to 01 July 2011
1 Month 0.9%
3 Months 0.7%
YTD -10.6%
1 Year -3.1%
3 Years 0.9% p.a.
5 Years -5.2% p.a.
FTSE 100 Fund
Image description.
Sector Pie chart Split with as 7 at items. 30 June 2011
1, 2, Consumer Financials 20% Goods 20. 21% 21.
3, 4, Energy Other 19% 20% 19. 20.
5, 6, Health IT 8% 8. Care 8% 8.
Item 7, Industrials 4% 4.
End of image description.
Sector Split as at 30 June 2011
Consumer Goods 21%
Financials 20%
Energy 20%
Other 19%
Health Care 8%
IT 8%
Industrials 4%
Top 5 Stocks (in alphabetical
order)
BP
GlaxoSmithKline
HSBC
Royal Dutch Shell
Vodafone
Performance to 01 July 2011
1 Month -3.8%
3 Months -1.3%
YTD -4.2%
1 Year 11.1%
3 Years -0.5% p.a.
5 Years -2.8% p.a.
Nasdaq 100 Fund
Image description.
Sector Pie chart Split with as 5 at items. 30 June 2011
1, 2, IT Consumer 62% 62.
3, Health Care Goods 10% 10. 19% 19.
Item 4, 5, Other Industrials 6% 6. 3% 3.
End of image description.
Sector Split as at 30 June 2011
IT 62%
Consumer Goods 19%
Health Care 10%
Other 6%
Industrials 3%
Top 5 Stocks (in alphabetical
order)
Apple
Google
Intel
Microsoft
Oracle
Performance to 01 July 2011
1 Month -2.8%
3 Months -2.8%
YTD -3.0%
1 Year 12.7%
3 Years 10.6% p.a.
5 Years 4.6% p.a.
Logon to www.newireland.ie for the most recent fund information
Performance is based on the price calculated for 01 July 2011, which is calculated using close of market prices from the previous working day.
Source: MoneyMate. Performance is quoted gross of taxation and net of 1.5% p.a. fund management charges. Past performance is not a
reliable guide to future performance. The value of your investment may go down as well as up.
29

Image description.
IRISH EQUITY FUND
At a glance
Aim
Style
To generate long term capital growth by investing in a portfolio of Irish
equities
Actively Managed
Asset Mix
Equities
Managed By
State Street Global Advisors Ireland Limited
Total Fund Size
Risk
€73.1m
Very High Risk
Performance to 01 July 2011
1 Month -1.2%
3 Months 3.3%
YTD 5.5%
1 Year 7.5%
3 Years -13.2% p.a.
5 Years -15.7% p.a.
10 Years -3.7% p.a.
Image description.
5 Line Year graph Performance with 1 line to and 01 1827 July 2011
Y scale titled Scale label. points.
Line 1, 1, Irish 01/07/2006 Equity Fund Series 9.
2, 3, 02/07/2006 03/07/2006 4, 04/07/2006 0%.
5, 05/07/2006 0.5%.
6, 06/07/2006 0.6%.
7, 07/07/2006 0.1%.
8, 08/07/2006 0.9%.
9, 09/07/2006 is 10, 10/07/2006 1.3%.
11, 11/07/2006 1.3%.
12, 12/07/2006 1.9%.
13, 13/07/2006 1.3%.
14, 14/07/2006 1.4%.
15, 15/07/2006 -0.4%.
16, 16/07/2006 17, 17/07/2006 18, 18/07/2006 -2.9%.
19, 19/07/2006 -4.2%.
20, 20/07/2006 -4.3%.
21, 21/07/2006 -2.2%.
22, 22/07/2006 -1%.
23, 23/07/2006 24, 24/07/2006 25, 25/07/2006 -1.9%.
26, 26/07/2006 -0.5%.
27, 27/07/2006 -1.6%.
28, 28/07/2006 -1.8%.
29, 29/07/2006 -0.5%.
30, 30/07/2006 31, 31/07/2006 32, 01/08/2006 33, 02/08/2006 -0.6%.
34, 03/08/2006 -0.4%.
35, 04/08/2006 1.6%.
36, 05/08/2006 1.1%.
37, 06/08/2006 38, 07/08/2006 39, 08/08/2006 40, 09/08/2006 2.4%.
41, 10/08/2006 1.5%.
42, 11/08/2006 50%
2.8%.
43, 12/08/2006 1.8%.
44, 13/08/2006 45, 14/08/2006 46, 15/08/2006 1.2%.
47, 16/08/2006 1.5%.
48, 17/08/2006 2.7%.
49, 18/08/2006 3.4%.
50, 19/08/2006 3.7%.
51, 20/08/2006 52, 21/08/2006 53, 22/08/2006 3.3%.
54, 23/08/2006 3.7%.
55, 24/08/2006 4%.
56, 25/08/2006 3.8%.
57, 26/08/2006 4.1%.
58, 27/08/2006 59, 28/08/2006 60, 29/08/2006 4.7%.
61, 30/08/2006 25%
5.1%.
62, 31/08/2006 6.1%.
63, 01/09/2006 6.5%.
64, 02/09/2006 6.6%.
65, 03/09/2006 66, 04/09/2006 67, 05/09/2006 7.1%.
68, 06/09/2006 7.6%.
69, 07/09/2006 7.5%.
70, 08/09/2006 7%.
71, 09/09/2006 6%.
72, 10/09/2006 73, 11/09/2006 74, 12/09/2006 5.2%.
75, 13/09/2006 4.4%.
76, 14/09/2006 5%.
77, 15/09/2006 5.4%.
78, 16/09/2006 5.8%.
79, 17/09/2006 80, 18/09/2006 81, 19/09/2006 6.2%.
82, 20/09/2006 6.7%. 0%
83, 21/09/2006 6.6%.
84, 22/09/2006 7.8%.
85, 23/09/2006 86, 24/09/2006 87, 25/09/2006 88, 26/09/2006 7.3%.
89, 27/09/2006 7%.
90, 28/09/2006 7.6%.
91, 29/09/2006 7.4%.
92, 30/09/2006 8%.
93, 01/10/2006 94, 02/10/2006 95, 03/10/2006 8.3%.
96, 04/10/2006 8%.
97, 05/10/2006 7.5%.
98, 06/10/2006 8.8%.
99, 07/10/2006 is 9.1%.
100, 08/10/2006 9%.
101, 09/10/2006 -25%
102, 10/10/2006 9%.
103, 11/10/2006 9.7%.
104, 12/10/2006 10.5%.
105, 13/10/2006 9.9%.
106, 14/10/2006 11%.
107, 15/10/2006 108, 16/10/2006 109, 17/10/2006 10.9%.
110, 18/10/2006 11.4%.
111, 19/10/2006 10.9%.
112, 20/10/2006 113, 21/10/2006 11.6%.
114, 22/10/2006 115, 23/10/2006 116, 24/10/2006 10.5%.
117, 25/10/2006 11.1%.
118, 26/10/2006 11.3%.
119, 27/10/2006 11.5%.
120, 28/10/2006 11.6%.
121, 29/10/2006
-50%
122, 30/10/2006 123, 31/10/2006 124, 01/11/2006 11.7%.
125, 02/11/2006 12.6%.
126, 03/11/2006 12.8%.
127, 04/11/2006 12.1%.
128, 05/11/2006 129, 06/11/2006 130, 07/11/2006 11.8%.
131, 08/11/2006 12.5%.
132, 09/11/2006 13.4%.
133, 10/11/2006 13.8%.
134, 11/11/2006 13.6%.
135, 12/11/2006 136, 13/11/2006 137, 14/11/2006 13.3%.
138, 15/11/2006 13.5%.
139, 16/11/2006 13.1%.
140, 17/11/2006 14.2%.
141, 18/11/2006
-75%
15%.
142, 19/11/2006 143, 20/11/2006 144, 21/11/2006 15.2%.
145, 22/11/2006 15.4%.
146, 23/11/2006 16.4%.
147, 24/11/2006 17%.
148, 25/11/2006 16.8%.
149, 26/11/2006 150, 27/11/2006 151, 28/11/2006 16.4%.
152, 29/11/2006 14.5%.
153, 30/11/2006 13.5%.
154, 01/12/2006 14.7%.
155, 02/12/2006 13.9%.
156, 03/12/2006 157, 04/12/2006 158, 05/12/2006 13.3%.
159, 06/12/2006 13.8%.
160, 07/12/2006 14.8%.
161, 08/12/2006 16.6%.
162, 09/12/2006 16.7%.
163, 10/12/2006 164, 11/12/2006 165, 12/12/2006 17%.
166, 13/12/2006 17.7%.
167, 14/12/2006 18%.
168, 15/12/2006 18.4%.
169, 16/12/2006 19.9%.
170, 17/12/2006 171, 18/12/2006 172, 19/12/2006 21.3%.
173, 20/12/2006 21.5%.
174, 21/12/2006 22.1%.
175, 22/12/2006 22.7%.
176, 23/12/2006 23.3%.
177, 24/12/2006 178, 25/12/2006 179, 26/12/2006 180, 27/12/2006 181, 28/12/2006 182, 29/12/2006 183, 30/12/2006 24.5%.
184, 31/12/2006 185, 01/01/2007 186, 02/01/2007 187, 03/01/2007 24.1%.
188, 04/01/2007 25%.
189, 05/01/2007 24.3%.
190, 06/01/2007 23.5%.
191, 07/01/2007 192, 08/01/2007 193, 09/01/2007 23.9%.
Point 194, 10/01/2007 is 23.1%. 23.5%.
5 Year Performance to 01 July 2011
Cumulative Return
01/
07/
2006
17/
01/
2007
05/
08/
2007
21/
02/
2008
08/
09/
2008
27/
03/
2009
13/
10/
2009
01/
05/
2010
17/
11/
2010
05/
06/
2011
Calendar Year Performance
2010 2009 2008 2007 2006
-0.9% 24.1% -63.1% -29.2% 27.7%
Asset Pie chart Split with as 2 at items. 30 June 2011
Item 1, 2, Irish Cash Equities 1% 1. 99% 99.
End of image description.
Asset Split as at 30 June 2011
Irish Equities 99%
Cash 1%
Top 10 Holdings (in alphabetical order)
Aryzta
C&C
CRH
DCC
Dragon Oil
Elan
Grafton
Kerry Group
Paddy Power
Ryanair
Logon to www.newireland.ie for the most recent fund information
Performance is based on the price calculated for 01 July 2011, which is calculated using close of market prices from the previous working day.
Source: MoneyMate. Performance is quoted gross of taxation and net of 1.5% p.a. fund management charges. Past performance is not a
reliable guide to future performance. The value of your investment may go down as well as up.
30

Image description.
BLOXHAM GEARED HIGH YIELD FUND
At a glance
Aim
Style
To generate long term capital growth with a relatively high, yet sustainable,
flow of income for the fund, using borrowings to increase exposure to these
equities
Actively Managed
Asset Mix
High yield equities
Managed By
Number Of
Stocks
Total Fund Size
Risk
Bloxham
48
€170.5m
Very High Risk
Performance to 01 July 2011
1 Month -3.0%
3 Months 1.5%
YTD -3.7%
1 Year 12.4%
3 Years 4.9% p.a.
5 Years -7.2% p.a.
10 Years -
Image description.
5 Line Year graph Performance with 1 line to and 01 1827 July 2011
Y scale titled Scale label. points.
Line 1, 1, Geared 01/07/2006 High Yield Fund S9.
2, 3, 02/07/2006 03/07/2006 4, 04/07/2006 0%.
5, 05/07/2006 0.8%.
6, 06/07/2006 7, 07/07/2006 0.1%.
8, 08/07/2006 9, 09/07/2006 is 10, 10/07/2006 0.7%.
11, 11/07/2006 0.7%.
12, 12/07/2006 1.3%.
13, 13/07/2006 0.6%.
14, 14/07/2006 0.4%.
15, 15/07/2006 -0.6%.
16, 16/07/2006 17, 17/07/2006 18, 18/07/2006 -2.1%.
19, 19/07/2006 -2.5%.
20, 20/07/2006 -3.3%.
21, 21/07/2006 -1%.
22, 22/07/2006 -0.7%.
23, 23/07/2006 24, 24/07/2006 25, 25/07/2006 -1.5%.
26, 26/07/2006 0.4%.
27, 27/07/2006 0.3%.
28, 28/07/2006 0.5%.
29, 29/07/2006 1.5%.
30, 30/07/2006 31, 31/07/2006 32, 01/08/2006 2.4%.
33, 02/08/2006 34, 03/08/2006 1.2%.
35, 04/08/2006 2.9%.
36, 05/08/2006 1.9%.
37, 06/08/2006 38, 07/08/2006 39, 08/08/2006 40, 09/08/2006 3.2%.
41, 10/08/2006 42, 11/08/2006 50%
2.9%.
43, 12/08/2006 1.9%.
44, 13/08/2006 45, 14/08/2006 46, 15/08/2006 2.1%.
47, 16/08/2006 3.3%.
48, 17/08/2006 4.5%.
49, 18/08/2006 50, 19/08/2006 5.5%.
51, 20/08/2006 52, 21/08/2006 53, 22/08/2006 5.3%.
54, 23/08/2006 4.9%.
55, 24/08/2006 5.4%.
56, 25/08/2006 4.8%.
57, 26/08/2006 5.3%.
58, 27/08/2006 59, 28/08/2006 60, 29/08/2006 5.5%.
61, 30/08/2006 25%
5.8%.
62, 31/08/2006 6.6%.
63, 01/09/2006 7.2%.
64, 02/09/2006 6.8%.
65, 03/09/2006 66, 04/09/2006 67, 05/09/2006 7.4%.
68, 06/09/2006 7.8%.
69, 07/09/2006 6.8%.
70, 08/09/2006 5.7%.
71, 09/09/2006 4.1%.
72, 10/09/2006 73, 11/09/2006 74, 12/09/2006 5.4%.
75, 13/09/2006 5.1%.
76, 14/09/2006 7%.
77, 15/09/2006 7.6%.
78, 16/09/2006 7.5%.
79, 17/09/2006 80, 18/09/2006 81, 19/09/2006 82, 20/09/2006 7.8%. 0%
83, 21/09/2006 7.4%.
84, 22/09/2006 8.9%.
85, 23/09/2006 9.4%.
86, 24/09/2006 87, 25/09/2006 88, 26/09/2006 7.8%.
89, 27/09/2006 8.3%.
90, 28/09/2006 10.3%.
91, 29/09/2006 92, 30/09/2006 10%.
93, 01/10/2006 94, 02/10/2006 95, 03/10/2006 10.3%.
96, 04/10/2006 9.9%.
97, 05/10/2006 9.8%.
98, 06/10/2006 11.3%.
99, 07/10/2006 is 11.7%.
100, 08/10/2006 12.4%.
101, 09/10/2006 -25%
102, 10/10/2006 12.4%.
103, 11/10/2006 12.3%.
104, 12/10/2006 13.1%.
105, 13/10/2006 12.8%.
106, 14/10/2006 14%.
107, 15/10/2006 108, 16/10/2006 109, 17/10/2006 14.4%.
110, 18/10/2006 14.7%.
111, 19/10/2006 13.1%.
112, 20/10/2006 14.4%.
113, 21/10/2006 13.9%.
114, 22/10/2006 115, 23/10/2006 116, 24/10/2006 14%.
117, 25/10/2006 14.6%.
118, 26/10/2006 14.8%.
119, 27/10/2006 15.3%.
120, 28/10/2006 14.5%.
121, 29/10/2006
-50%
122, 30/10/2006 123, 31/10/2006 124, 01/11/2006 13.7%.
125, 02/11/2006 13.9%.
126, 03/11/2006 14.2%.
127, 04/11/2006 13.5%.
128, 05/11/2006 129, 06/11/2006 130, 07/11/2006 13.9%.
131, 08/11/2006 15.2%.
132, 09/11/2006 15.9%.
133, 10/11/2006 16.2%.
134, 11/11/2006 15.7%.
135, 12/11/2006 136, 13/11/2006 137, 14/11/2006 15%.
138, 15/11/2006 15.6%.
139, 16/11/2006 14.9%.
140, 17/11/2006 15.2%.
141, 18/11/2006
-75%
15.9%.
142, 19/11/2006 143, 20/11/2006 144, 21/11/2006 15.2%.
145, 22/11/2006 15.7%.
146, 23/11/2006 15.8%.
147, 24/11/2006 15.7%.
148, 25/11/2006 15.1%.
149, 26/11/2006 150, 27/11/2006 151, 28/11/2006 13.7%.
152, 29/11/2006 11.4%.
153, 30/11/2006 11.1%.
154, 01/12/2006 12.8%.
155, 02/12/2006 11.8%.
156, 03/12/2006 157, 04/12/2006 158, 05/12/2006 11%.
159, 06/12/2006 11.5%.
160, 07/12/2006 12.4%.
161, 08/12/2006 12.8%.
162, 09/12/2006 13.5%.
163, 10/12/2006 164, 11/12/2006 165, 12/12/2006 13.9%.
166, 13/12/2006 14.8%.
167, 14/12/2006 15.2%.
168, 15/12/2006 16.1%.
169, 16/12/2006 17.1%.
170, 17/12/2006 171, 18/12/2006 172, 19/12/2006 18.3%.
173, 20/12/2006 18.9%.
174, 21/12/2006 18.2%.
175, 22/12/2006 176, 23/12/2006 18.8%.
177, 24/12/2006 178, 25/12/2006 179, 26/12/2006 180, 27/12/2006 181, 28/12/2006 182, 29/12/2006 183, 30/12/2006 19.7%.
184, 31/12/2006 185, 01/01/2007 186, 02/01/2007 187, 03/01/2007 18.8%.
188, 04/01/2007 20.6%.
189, 05/01/2007 190, 06/01/2007 21%.
191, 07/01/2007 192, 08/01/2007 193, 09/01/2007 20.1%.
Point 194, 10/01/2007 is 19.5%. 20.6%.
5 Year Performance to 01 July 2011
Cumulative Return
01/
07/
2006
17/
01/
2007
05/
08/
2007
21/
02/
2008
08/
09/
2008
27/
03/
2009
13/
10/
2009
01/
05/
2010
17/
11/
2010
05/
06/
2011
Calendar Year Performance
Image description.
Equity Pie chart Split with as 6 at items. 30 June 2011
1, 2, North Euroland American Equities Equities 30% 30. 32% 32.
3, 4, UK Pacific Equities Basin 22% Equities 22.
5, Irish Equities 2% 2. 13% 13.
Item 6, Global Emerging Markets 1% 1.
End of image description.
Equity Split as at 30 June 2011
2010 2009 2008 2007 2006
26.9% 29.1% -52.7% -22.5% -
North American Equities 32%
Euroland Equities 30%
UK Equities 22%
Top 10 Holdings (in alphabetical order)
Allianz
Royal Dutch Shell
BHP Billiton Siemens
China Mobile United Parcel Service
Exxon Mobil Vinci
Novartis
Vodafone
Sector Pie chart Split with as 9 at items. 30 June 2011
1, 2, Industrial Consumer 23% Staples 23.
3, Financial 14% 14. 22% 22.
4, 5, Energy Basic Materials 14% 14.
6, Communications 8% 7% 8.
7, Technology 6% 6. 7.
Item 8, 9, Diversified Consumer Discretionary 3% 3. 3% 3.
End of image description.
Sector Split as at 30 June 2011
Industrial 23%
Consumer Staples 22%
Financial 14%
Energy 14%
Basic Materials 8%
Communications 7%
Technology 6%
Diversified 3%
Consumer Discretionary 3%
Pacific Basin Equities 13%
Irish Equities 2%
Global Emerging Markets 1%
Gearing Ratio as at 30 June 2011 56%
5 Best Performing Equities (Over 1 Month)
Performance Contribution to Fund
Metcash 10.19% 0.14%
Jardine Matheson 9.52% 0.13%
Microsoft 4.00% 0.08%
Ambev 7.06% 0.06%
BHP Billiton 2.11% 0.05%
Performance is based on the price calculated for 01 July 2011, which is calculated using close of market prices from the previous working day.
Source: MoneyMate. Performance is quoted gross of taxation and net of 1.75% p.a. fund management charge. Past performance is not a
reliable guide to future performance. The value of your investment may go down as well as up.
31

GUARANTEED EVERGREEN FUND
Managed By SSgA
Guaranteed Evergreen offers investors exposure to
the potentially excellent performance of the Evergreen
Fund, combined with the added assurance of a capital
guarantee.
• Your investment is split between the Evergreen
Fund and fixed interest bonds - initially 80% is
invested in the Evergreen Fund and 20% is invested in
fixed interest bonds
• The proportion invested in the Evergreen Fund can
go up or down, depending on market performance
• Your initial capital is guaranteed by Bank of Ireland
on the 6th policy anniversary or on earlier death*
• Policies with a start date of September 2007 or later
also have a lock-in feature. This can increase the
minimum value payable on maturity.
Policies commencing in
Current Asset Split
Evergreen
%
Fixed
Interest %
Over last
month %
Over last 3
months %
Performance
Year to
Date %
1 Year
%
3 Year
% p.a.
5 Year
% p.a.
October '05 24% 76% -0.6% 0.0% -0.5% 4.0% 1.7% -0.2%
February '06 20% 80% -0.4% 1.2% 0.5% 1.1% 2.4% 0.4%
July '06 29% 71% -0.5% -0.9% -1.8% -0.9% 1.9% -0.3%
December '06 25% 75% -0.5% -0.7% -1.2% -2.0% 2.1%
May '07 23% 77% -0.4% -0.4% -2.1% -2.7% 2.2%
October '07 24% 76% -0.4% 0.2% -1.3% -4.7% 1.2%
November '07 35% 65% -0.6% 0.0% -1.5% -2.0% 1.2%
December '07 38% 62% -0.7% -0.1% -1.0% -3.5% 1.3%
January '08 42% 58% -0.8% -0.2% -1.4% -3.7% 1.0%
February '08 43% 57% -0.7% 0.0% -2.2% -2.7% 0.5%
March '08 40% 60% -0.7% 0.0% -1.4% -2.3% -0.2%
April '08 39% 61% -0.6% 0.2% -1.7% -2.8% 0.3%
May '08 44% 56% -0.7% 0.0% -1.5% -2.3% 0.4%
June '08 44% 56% -0.7% 0.1% -2.1% -2.8% -0.3%
July '08 52% 48% -0.9% -0.1% -1.7% -2.0% -0.8%
August '08 54% 46% -0.9% -1.2% -2.8% -2.2%
September '08 66% 34% -1.1% -1.1% -2.4% -1.5%
October '08 78% 22% -1.4% -2.0% -3.5% -1.0%
November '08 89% 11% -1.6% -2.3% -3.1% -0.6%
December '08 86% 14% -1.7% -2.5% -3.4% -0.9%
* Provided no encashments take place before the 6th anniversary of your policy, the value payable on full encashment on that date will be at least
equal to the initial amount invested. Regular income payments and partial encashments will reduce the capital guarantee proportionally.
The capital guarantee is provided by the Governor & Company of the Bank of Ireland to New Ireland and applies on the sixth policy anniversary only,
or on earlier death.
Funds No Longer Open To New Business
Note: Figures as at 01 July 2011 which is calculated using close of market prices from the previous working day. Performance is quoted gross of
taxation and net of 1.75% p.a. fund management charge. Past performance is not a reliable guide to future performance. The value of your
investment may go down as well as up.
32

SECURE SMART MIX
Managed By SSgA
If you choose this option, on the 5th policy
Anniversary, your fund will be worth at least the
amount you originally invested*. This means that over
a 5 year period your investment is very secure. 75% of
your money will be invested in a 5 year Gilt Fund and
the remaining 25% will be invested in the Global
Equity Fund, which holds
a range of international company shares**. Your
investment has the potential to provide a better return
than bank or building society deposit account returns,
but does not have the same level of growth potential as
an investment in many of the other SmartFund options.
Policies commencing in
Over last
month %
Over last 3
months %
Year to Date
%
1 Year
%
3 Years %
p.a.
5 Years %
p.a.
2005 -0.6% -0.4% -0.9% 1.6% 1.4% 0.4%
2006 -0.5% -0.3% -0.9% 0.8% 2.3% 1.7%
2007 -0.5% -0.2% -1.4% 0.0% 3.1%
* Please note: This applies on the 5th policy anniversary only providing no encashments, income payments or fund switches take place before this
date.
** These percentages are subject to change. The performance figures are indicative only. Actual performance will depend on the clients date of
investment.
Funds No Longer Open To New Business
Note: Figures as at 01 July 2011. Performance is quoted gross of taxation and net of 1.5% p.a. fund management charge. Past performance is
not a reliable guide to future performance. The value of your investment may go down as well as up.
33

Image description.
2014 GOVERNMENT BOND FUND
At a glance
Aim
Style
To provide a secure investment fund that offers a predictable return at
maturity
Passively Managed
Asset Mix
Bonds
Managed By
Risk
State Street Global Advisors Ireland Limited
Low Risk
Performance to 01 July 2011
1 Month -2.6%
3 Months -5.8%
YTD -11.6%
1 Year -18.0%
3 Years -
5 Years -
10 Years -
1 Line Year graph Performance with 1 line to and 01 366 July points. 2011
Y Line scale 1, 2014 titled Government Scale label.
1, 01/07/2010 0%. Bond Fund S9 (Closed).
2, 3, 02/07/2010 03/07/2010 0.1%.
4, 04/07/2010 5, 05/07/2010 6, 06/07/2010 0.6%.
7, 07/07/2010 8, 08/07/2010 9, 09/07/2010 is 1%.
10, 10/07/2010 1.1%.
11, 11/07/2010 12, 12/07/2010 13, 13/07/2010 1.1%.
14, 14/07/2010 1.3%.
15, 15/07/2010 1.2%.
16, 16/07/2010 0.8%.
17, 17/07/2010 0.6%.
18, 18/07/2010 19, 19/07/2010 20, 20/07/2010 0.8%.
21, 21/07/2010 0.6%.
22, 22/07/2010 0.9%.
23, 23/07/2010 1%.
24, 24/07/2010 25, 25/07/2010 26, 26/07/2010 27, 27/07/2010 0.9%.
28, 28/07/2010 1.2%.
29, 29/07/2010 1.8%.
30, 30/07/2010 31, 31/07/2010 2.7%.
32, 01/08/2010 33, 02/08/2010 34, 03/08/2010 35, 04/08/2010 2.4%.
36, 05/08/2010 2.9%.
37, 06/08/2010 2.7%.
38, 07/08/2010 39, 08/08/2010 40, 09/08/2010 41, 10/08/2010 2.6%.
42, 11/08/2010 2.2%.
43, 12/08/2010 1.3%. 5%
44, 13/08/2010 0.6%.
45, 14/08/2010 0.9%.
46, 15/08/2010 47, 16/08/2010 48, 17/08/2010 0.6%.
49, 18/08/2010 0.4%.
50, 19/08/2010 51, 20/08/2010 52, 21/08/2010 1%.
53, 22/08/2010 54, 23/08/2010 55, 24/08/2010 56, 25/08/2010 0.7%.
57, 26/08/2010 0.3%.
58, 27/08/2010 -0.5%.
59, 28/08/2010 -0.4%.
60, 29/08/2010 61, 30/08/2010 62, 31/08/2010 -0.7%.
63, 01/09/2010 0%
64, 02/09/2010 -0.6%.
65, 03/09/2010 -0.4%.
66, 04/09/2010 -0.1%.
67, 05/09/2010 68, 06/09/2010 69, 07/09/2010 -0.2%.
70, 08/09/2010 -0.1%.
71, 09/09/2010 -0.6%.
72, 10/09/2010 -0.9%.
73, 11/09/2010 -0.5%.
74, 12/09/2010 75, 13/09/2010 76, 14/09/2010 -0.4%.
77, 15/09/2010 -0.3%.
78, 16/09/2010 -0.7%.
79, 17/09/2010 -0.9%.
80, 18/09/2010 -1.2%.
81, 19/09/2010 82, 20/09/2010 83, 21/09/2010 -2.1%. -5%
84, 22/09/2010 -2.8%.
85, 23/09/2010 86, 24/09/2010 -2%.
87, 25/09/2010 -2.7%.
88, 26/09/2010 89, 27/09/2010 90, 28/09/2010 -2.8%.
91, 29/09/2010 -3.4%.
92, 30/09/2010 -4.3%.
93, 01/10/2010 -4.2%.
94, 02/10/2010 -3.3%.
95, 03/10/2010 96, 04/10/2010 97, 05/10/2010 -2.2%.
98, 06/10/2010 -1.9%.
99, 07/10/2010 is -2.2%.
100, 08/10/2010 -2.6%.
101, 09/10/2010 -10%
-2.4%.
102, 10/10/2010 103, 11/10/2010 104, 12/10/2010 -2.1%.
105, 13/10/2010 -2%.
106, 14/10/2010 -2.1%.
107, 15/10/2010 -1.9%.
108, 16/10/2010 -1.2%.
109, 17/10/2010 110, 18/10/2010 111, 19/10/2010 -0.7%.
112, 20/10/2010 -0.4%.
113, 21/10/2010 -1%.
114, 22/10/2010 -1.5%.
115, 23/10/2010 -1.9%.
116, 24/10/2010 117, 25/10/2010 118, 26/10/2010 119, 27/10/2010 -2.1%.
120, 28/10/2010 -1.4%.
121, 29/10/2010 -2.2%.
122, 30/10/2010
-15%
-2.7%.
123, 31/10/2010 124, 01/11/2010 125, 02/11/2010 -3.1%.
126, 03/11/2010 -3.5%.
127, 04/11/2010 -4.2%.
128, 05/11/2010 -4.7%.
129, 06/11/2010 -5.9%.
130, 07/11/2010 131, 08/11/2010 132, 09/11/2010 -6.3%.
133, 10/11/2010 -6.8%.
134, 11/11/2010 -7.1%.
135, 12/11/2010 -9.3%.
136, 13/11/2010 -10.3%.
137, 14/11/2010 138, 15/11/2010 139, 16/11/2010 -8.4%.
140, 17/11/2010 -7.8%.
141, 18/11/2010
-20%
-8.2%.
142, 19/11/2010 -8%.
143, 20/11/2010 -7.6%.
144, 21/11/2010 145, 22/11/2010 146, 23/11/2010 -8%.
147, 24/11/2010 -7.7%.
148, 25/11/2010 -8.6%.
149, 26/11/2010 -9.4%.
150, 27/11/2010 -9.6%.
151, 28/11/2010 152, 29/11/2010 153, 30/11/2010 -9.7%.
154, 01/12/2010 -9.9%.
155, 02/12/2010 -10%.
156, 03/12/2010 -9.3%.
157, 04/12/2010 -7.9%.
158, 05/12/2010 159, 06/12/2010 160, 07/12/2010 -6.8%.
161, 08/12/2010 -6.7%.
162, 09/12/2010 -5.9%.
163, 10/12/2010 -5.7%.
164, 11/12/2010 165, 12/12/2010 166, 13/12/2010 167, 14/12/2010 -5.4%.
168, 15/12/2010 169, 16/12/2010 -5.6%.
170, 17/12/2010 -5.5%.
171, 18/12/2010 -5.4%.
172, 19/12/2010 173, 20/12/2010 174, 21/12/2010 -5.8%.
175, 22/12/2010 -6.4%.
176, 23/12/2010 -6.9%.
177, 24/12/2010 -7.2%.
178, 25/12/2010 -7.3%.
179, 26/12/2010 180, 27/12/2010 181, 28/12/2010 182, 29/12/2010 183, 30/12/2010 184, 31/12/2010 185, 01/01/2011 -7.2%.
186, 02/01/2011 187, 03/01/2011 188, 04/01/2011 189, 05/01/2011 -7.3%.
190, 06/01/2011 191, 07/01/2011 -7.2%.
192, 08/01/2011 -7.1%.
193, 09/01/2011 Point 194, 10/01/2011 is -7.6%.
1 Year Performance to 01 July 2011
Cumulative Return
01/
07/
2010
09/
10/
2010
17/
01/
2011
27/
04/
2011
Calendar Year Performance
2010 2009 2008 2007 2006
-8.2% - - - -
Logon to www.newireland.ie for the most recent fund information
Performance is based on the price calculated for 01 July 2011, which is calculated using close of market prices from the previous working day.
Source: MoneyMate. Performance is quoted gross of taxation and net of 1.5% p.a. fund management charges. Past performance is not a
reliable guide to future performance. The value of your investment may go down as well as up.
34

Image description.
2016 GOVERNMENT BOND FUND
At a glance
Aim
Style
To provide a secure investment fund that offers a predictable return at
maturity
Passively Managed
Asset Mix
Bonds
Managed By
Risk
State Street Global Advisors Ireland Limited
Low Risk
Performance to 01 July 2011
1 Month -3.6%
3 Months -6.1%
YTD -13.5%
1 Year -24.7%
3 Years -
5 Years -
10 Years -
1 Line Year graph Performance with 1 line to and 01 366 July points. 2011
Y Line scale 1, 2016 titled Government Scale label.
1, 01/07/2010 0%. Bond Fund S9 (Closed).
2, 3, 02/07/2010 03/07/2010 0.3%.
4, 04/07/2010 5, 05/07/2010 6, 06/07/2010 0.6%.
7, 07/07/2010 1.3%.
8, 08/07/2010 1.2%.
9, 09/07/2010 is 1.3%.
10, 10/07/2010 1.1%.
11, 11/07/2010 12, 12/07/2010 13, 13/07/2010 1.2%.
14, 14/07/2010 1.5%.
15, 15/07/2010 1.3%.
16, 16/07/2010 0.2%.
17, 17/07/2010 0.4%.
18, 18/07/2010 19, 19/07/2010 20, 20/07/2010 0.8%.
21, 21/07/2010 0.7%.
22, 22/07/2010 1%.
23, 23/07/2010 1.1%.
24, 24/07/2010 0.9%.
25, 25/07/2010 26, 26/07/2010 27, 27/07/2010 1%.
28, 28/07/2010 1.4%.
29, 29/07/2010 2.2%.
30, 30/07/2010 3.1%.
31, 31/07/2010 3%.
32, 01/08/2010 33, 02/08/2010 34, 03/08/2010 35, 04/08/2010 2.9%.
36, 05/08/2010 3.7%.
37, 06/08/2010 3.8%.
38, 07/08/2010 3.6%.
39, 08/08/2010 40, 09/08/2010 41, 10/08/2010 3.7%.
42, 11/08/2010 10%
3.2%.
43, 12/08/2010 2.2%.
44, 13/08/2010 1.7%.
45, 14/08/2010 1.6%.
46, 15/08/2010 47, 16/08/2010 48, 17/08/2010 1.5%.
49, 18/08/2010 1.3%.
50, 19/08/2010 1.5%.
51, 20/08/2010 52, 21/08/2010 1.6%.
53, 22/08/2010 54, 23/08/2010 55, 24/08/2010 56, 25/08/2010 1.4%.
57, 26/08/2010 1.3%.
58, 27/08/2010 -0.3%.
59, 28/08/2010 -0.4%.
60, 29/08/2010 61, 30/08/2010 62, 31/08/2010 -1%.
63, 01/09/2010 -0.8%.
64, 02/09/2010 -0.7%.
65, 03/09/2010 -0.5%.
66, 04/09/2010 67, 05/09/2010 68, 06/09/2010 0%
69, 07/09/2010 70, 08/09/2010 -0.1%.
71, 09/09/2010 72, 10/09/2010 -1.2%.
73, 11/09/2010 74, 12/09/2010 75, 13/09/2010 76, 14/09/2010 -0.9%.
77, 15/09/2010 -1%.
78, 16/09/2010 -1.4%.
79, 17/09/2010 -1.3%.
80, 18/09/2010 -2%.
81, 19/09/2010 82, 20/09/2010 83, 21/09/2010 -3.6%.
84, 22/09/2010 -4.6%.
85, 23/09/2010 -3.7%.
86, 24/09/2010 -3.3%.
87, 25/09/2010 -4%.
88, 26/09/2010 89, 27/09/2010 90, 28/09/2010 -4.2%.
91, 29/09/2010 -10%
-5%.
92, 30/09/2010 -6.4%.
93, 01/10/2010 -6.3%.
94, 02/10/2010 -4.9%.
95, 03/10/2010 96, 04/10/2010 97, 05/10/2010 -3.3%.
98, 06/10/2010 -2.9%.
99, 07/10/2010 is -3.5%.
100, 08/10/2010 -3.9%.
101, 09/10/2010 -3.8%.
102, 10/10/2010 103, 11/10/2010 104, 12/10/2010 -3.6%.
105, 13/10/2010 -2.9%.
106, 14/10/2010 -3.3%.
107, 15/10/2010 -2.8%.
108, 16/10/2010 -1.7%.
109, 17/10/2010 110, 18/10/2010 111, 19/10/2010 -1.2%.
112, 20/10/2010 -0.8%.
113, 21/10/2010 -2%.
114, 22/10/2010 -2.5%.
115, 23/10/2010 -3.2%.
116, 24/10/2010 117, 25/10/2010
-20%
118, 26/10/2010 119, 27/10/2010 -3.5%.
120, 28/10/2010 -2.7%.
121, 29/10/2010 -4%.
122, 30/10/2010 -4.7%.
123, 31/10/2010 124, 01/11/2010 125, 02/11/2010 -5%.
126, 03/11/2010 -6%.
127, 04/11/2010 -7.1%.
128, 05/11/2010 -7.9%.
129, 06/11/2010 -9%.
130, 07/11/2010 131, 08/11/2010 132, 09/11/2010 -9.4%.
133, 10/11/2010 134, 11/11/2010 -10.4%.
135, 12/11/2010 -14.9%.
136, 13/11/2010 -14%.
137, 14/11/2010 138, 15/11/2010 139, 16/11/2010 -13.7%.
140, 17/11/2010 -12.7%.
141, 18/11/2010
-30%
-13.7%.
142, 19/11/2010 -12.3%.
143, 20/11/2010 144, 21/11/2010 145, 22/11/2010 146, 23/11/2010 -11.5%.
147, 24/11/2010 -11.9%.
148, 25/11/2010 -13.1%.
149, 26/11/2010 -14.5%.
150, 27/11/2010 -14.9%.
151, 28/11/2010 152, 29/11/2010 153, 30/11/2010 -15.4%.
154, 01/12/2010 155, 02/12/2010 -15.8%.
156, 03/12/2010 -15.3%.
157, 04/12/2010 -13%.
158, 05/12/2010 159, 06/12/2010 160, 07/12/2010 161, 08/12/2010 -11.5%.
162, 09/12/2010 -11%.
163, 10/12/2010 -10.9%.
164, 11/12/2010 -10%.
165, 12/12/2010 166, 13/12/2010 167, 14/12/2010 -10.2%.
168, 15/12/2010 -10.3%.
169, 16/12/2010 -10.7%.
170, 17/12/2010 171, 18/12/2010 -10.5%.
172, 19/12/2010 173, 20/12/2010 174, 21/12/2010 -11%.
175, 22/12/2010 -11.6%.
176, 23/12/2010 -12.8%.
177, 24/12/2010 178, 25/12/2010 -12.6%.
179, 26/12/2010 180, 27/12/2010 181, 28/12/2010 182, 29/12/2010 183, 30/12/2010 184, 31/12/2010 185, 01/01/2011 186, 02/01/2011 187, 03/01/2011 188, 04/01/2011 189, 05/01/2011 -13%.
190, 06/01/2011 -12.9%.
191, 07/01/2011 192, 08/01/2011 -13%.
193, 09/01/2011 Point 194, 10/01/2011 is -14.1%.
1 Year Performance to 01 July 2011
Cumulative Return
01/
07/
2010
09/
10/
2010
17/
01/
2011
27/
04/
2011
Calendar Year Performance
2010 2009 2008 2007 2006
-14.5% - - - -
Logon to www.newireland.ie for the most recent fund information
Performance is based on the price calculated for 01 July 2011, which is calculated using close of market prices from the previous working day.
Source: MoneyMate. Performance is quoted gross of taxation and net of 1.5% p.a. fund management charges. Past performance is not a
reliable guide to future performance. The value of your investment may go down as well as up.
35

PERFORMANCE - LIFE FUNDS
Low Risk Funds
Over
last
month
%
Over last
3 months
%
Year to
Date
%
1 Year
%
3 Years
% p.a.
5 Years
% p.a.
Cash Fund 0.1 0.1 0.3 0.3 0.6 1.3 1.1
2014 Government Bond Fund -2.6 -5.8 -11.6 -18.0 - - -
2016 Government Bond Fund -3.6 -6.1 -13.5 -24.7 - - -
Medium Risk Funds
Gilt Fund -0.8 1.1 -0.8 -3.7 4.8 2.3 3.5
Elements* -0.9 0.1 -0.5 4.0 - - -
Protected Assets Fund* †† -0.8 -1.3 -1.6 - - - -
BNYM Global Real Return Fund† -2.5 -0.1 -0.8 5.2 - - -
Medium to High Risk Funds
Income & Growth Fund -1.3 -0.3 0.3 5.2 -1.1 -2.5 1.5
Evergreen Fund -1.5 -0.5 -1.3 5.3 -2.3 -3.7 0.6
Balanced Managed Fund -1.8 -0.4 -1.8 6.2 0.3 -2.9 0.0
Ethical Managed Fund -2.6 -2.0 -3.2 4.7 1.0 -3.4 -
High Risk Funds
Bloxham High Yield Fund* -2.0 0.5 -2.5 8.1 - - -
Trilogy II* -1.6 -0.3 -1.2 5.3 -9.6 -9.1 -
Discovery* -2.3 -0.1 0.4 13.0 4.9 -0.2 -
Innovator* -3.5 -5.8 -8.7 2.0 -6.6 - -
Alternative Energy* -5.8 -13.8 -8.7 -9.9 -21.5 - -
Water Fund* -3.1 -4.1 -8.0 4.3 -0.9 - -
Spotlight* -4.0 -4.1 -5.3 4.5 6.9 - -
Global Equity Fund -2.5 -1.2 -2.8 9.1 0.1 -3.3 -2.5
Ethical Equity Fund -3.3 -2.9 -4.3 6.8 -0.1 -5.1 -
North American Equity Fund -3.5 -3.7 -4.2 6.9 4.5 -0.2 -2.6
UK Equity Fund -4.6 -0.2 -2.1 15.3 0.4 -2.9 -3.0
European Equity Fund -1.8 1.4 3.1 15.3 -1.0 -2.7 -2.2
Euroland Equity Fund -0.8 1.4 7.0 17.0 -1.7 -2.2 -
Pacific Basin Equity Fund -2.6 -6.1 -10.0 1.1 5.3 5.0 4.8
Japanese Equity Fund 1.5 1.5 -13.1 -0.9 -2.8 -9.3 -6.5
Property Fund -0.3 -0.3 0.9 3.3 -11.9 -7.9 0.6
Eurostoxx 50 Fund -0.4 -0.1 4.3 13.7 -2.5 -2.4 -2.2
Nikkei 225 Fund 0.9 0.7 -10.6 -3.1 0.9 -5.2 -4.6
S&P 500 Fund -2.6 -2.4 -2.7 8.8 4.5 -1.3 -4.4
Nasdaq 100 Fund -2.8 -2.8 -3.0 12.7 10.6 4.6 -4.2
FTSE 100 Fund -3.8 -1.3 -4.2 11.1 -0.5 -2.8 -1.7
Very High Risk Funds
Irish Equity Fund -1.2 3.3 5.5 7.5 -13.2 -15.7 -3.7
Bloxham Geared High Yield Fund* -3.0 1.5 -3.7 12.4 4.9 -7.2 -
10
Years
% p.a.
Logon to www.newireland.ie for the most recent fund information
Note: Performance is based on the price calculated for 01 July 2011, which is calculated using close of market prices from the previous working
day. Performance is quoted gross of taxation and net of 1.5% p.a. fund management charge (or 1.75% p.a., * where applicable or 1.85% p.a.,†
where applicable). †† For the Protected Assets Fund, the Governor and Company of the Bank of Ireland is the current provider of the protection
and the return to New Ireland Assurance Company plc (New Ireland). New Ireland will pass on the full value of the amounts it receives from
Bank of Ireland to investors. If for any reason Bank of Ireland cannot meet its obligations, investors could lose some or all of their investment in
this Fund. Past performance is not a reliable guide to future performance. The value of your investment may go down as well as up.
36

PERFORMANCE - IRIS FUNDS
Funds For Lifestyle Investors
IRIS Funds
Over last
month
%
Over last
3 months
%
Year to
Date
%
1 Year
%
3 Years
% p.a.
5 Years
% p.a.
10 Years
% p.a.
Retirement Fund 2010-2011 -0.9 1.3 -0.3 -2.0 3.0 1.3 2.4
Retirement Fund 2012-2013 -1.1 1.0 -0.4 1.0 1.6 -0.6 1.5
Retirement Fund 2014-2015 -1.5 0.5 -0.8 4.6 0.8 -1.9 0.8
Retirement Fund 2016-2017 -1.7 -0.1 -1.2 7.5 1.2 -1.9 0.7
Retirement Fund 2018-2019 -1.9 -0.3 -1.4 8.3 1.1 -2.2 0.6
Retirement Fund 2020-2021 -2.0 -0.4 -1.5 8.8 0.7 -2.7 0.4
Retirement Fund 2022-2023 -2.1 -0.5 -1.6 9.3 1.0 -2.5 0.5
Retirement Fund 2024 Onwards -2.1 -0.5 -1.8 9.5 1.1 -2.5 0.5
Consensus IRIS Funds
Consensus IRIS 2010-2011 -1.1 1.3 -0.1 -1.9 2.1 - -
Consensus IRIS 2012-2013 -1.2 1.1 0.0 1.2 0.7 - -
Consensus IRIS 2014-2015 -1.5 0.3 -0.4 5.2 0.2 - -
Consensus IRIS 2016-2017 -1.9 -0.1 -0.7 8.6 1.1 - -
Consensus IRIS 2018-2019 -1.9 -0.2 -0.7 9.5 1.1 - -
Consensus IRIS 2020-2021 -2.0 -0.3 -0.8 10.2 0.9 - -
Consensus IRIS 2022-2023 -2.1 -0.5 -0.8 10.8 1.3 - -
Consensus IRIS 2024 Onwards -2.2 -0.6 -0.9 11.1 1.3 - -
Logon to www.newireland.ie for the most recent fund information
Note: Performance is based on the price calculated for 01 July 2011, which is calculated using close of market prices from the previous working
day. Performance is quoted gross of taxation and fund management charge. Past performance is not a reliable guide to future performance. The
value of your investment may go down as well as up.
37

PERFORMANCE - PENSION FUNDS
Lifestyle Pension Funds
Over last
month
%
Over last
3 months
%
Year to
Date
%
1 Year
%
3 Years
% p.a.
5 Years
% p.a.
Pension Indexed Eurozone Long Bond -1.3 1.7 -0.2 -2.8 5.6 - -
Low Risk Pension Funds
10 Years
% p.a.
Pension Cash Fund 0.1 0.3 0.5 1.0 1.9 2.6 2.6
2014 Government Bond (pension) -2.4 -5.4 -10.9 -16.7 - - -
2016 Government Bond (pension) -3.5 -5.8 -12.8 -23.5 - - -
Medium Risk Pension Funds
Pension Gilt Fund -0.7 1.5 0.0 -2.2 6.4 3.8 5.0
Elements (Pension) -0.7 0.6 0.4 6.0 - - -
Protected Assets Fund (pension)†† -0.7 -0.9 -0.7 - - - -
BNYM Global Real Return Fund (Pension) -2.3 0.4 0.1 7.2 - - -
Medium to High Risk Pension Funds
Income & Growth Fund (pension) -1.2 0.1 1.2 7.0 0.5 -0.9 -
Pension Evergreen Fund -1.4 -0.2 -0.5 7.1 -0.6 -2.1 -
Pension Managed Fund -1.8 -0.2 -1.3 7.9 1.9 -1.4 1.4
Ethical Managed Fund (pension) -2.6 -1.7 -2.6 6.3 2.5 -1.8 -
Pension Consensus Fund -1.9 -0.3 -0.8 9.1 1.7 0.1 1.5
KBI Pension Managed Fund* -2.0 -1.2 -1.4 7.5 -0.7 -2.2 -0.2
Friends First Mixed Fund -2.4 -1.4 -2.6 6.8 0.7 -1.2 1.4
High Risk Pension Funds
Pension Bloxham High Yield Equity -1.8 0.9 -1.7 10.0 3.8 -1.6 -
Trilogy II Fund (pension) -1.4 0.1 -0.4 7.1 -8.0 -7.5 -
Discovery (pension) -2.2 0.3 1.2 14.9 6.8 1.5 -
Innovator (pension) -3.4 -5.4 -7.9 3.8 -4.9 - -
Alternative Energy (pension) -5.6 -13.2 -7.9 -8.4 -20.1 - -
Water Fund (pension) -2.9 -3.5 -7.2 6.2 0.9 - -
Spotlight (pension) -3.8 -3.7 -4.5 6.5 8.8 - -
Pension Equity Fund -2.4 -0.9 -2.2 10.8 1.6 -1.8 -1.0
Pension International -2.4 -1.0 -2.5 11.0 2.8 -0.6 -1.1
Ethical Equity Fund (pension) -3.2 -2.5 -3.6 8.4 1.5 -3.6 -
Pension North American -3.3 -3.3 -3.5 8.5 6.1 1.3 -1.1
Pension UK Equity Fund -4.5 0.2 -1.4 17.0 1.9 -1.5 -1.5
Pension European Fund -1.6 1.8 3.9 17.0 0.5 -1.2 -0.7
Euroland Equity Fund (pension) -0.6 1.8 7.9 18.9 -0.2 -0.6 -
Pension Pacific Basin -2.5 -5.7 -9.3 2.7 6.9 6.6 6.4
Pension Japanese Fund 1.4 1.8 -12.6 0.5 -1.4 -7.9 -5.1
Pension Property Fund -0.1 0.1 2.1 5.7 -9.9 -6.1 2.4
Pension Eurostoxx 50 Fund -0.2 0.3 5.0 15.4 -1.1 -0.9 -
Pension Nikkei 225 Fund 1.1 1.1 -9.9 -1.6 2.5 -3.8 -
Pension S&P 500 Fund -2.6 -2.1 -2.0 10.4 6.1 0.2 -
Pension NASDAQ Fund -2.7 -2.6 -2.2 14.3 12.3 6.2 -
Pension FTSE 100 Fund -3.7 -1.0 -3.5 12.7 1.0 -1.4 -
Pension Indexed All Equity Fund -1.4 -0.7 1.1 13.3 5.5 - -
Note: Performance is based on the price calculated for 01 July 2011, which is calculated using close of market prices from the previous working
day. Performance is quoted gross of taxation and fund management charge. *Previously known as KBCAM Pension Managed Fund. †† For the
Protected Assets Fund, the Governor and Company of the Bank of Ireland is the current provider of the protection and the return to New Ireland
Assurance Company plc (New Ireland). New Ireland will pass on the full value of the amounts it receives from Bank of Ireland to investors. If for
any reason Bank of Ireland cannot meet its obligations, investors could lose some or all of their investment in this Fund. Past performance is not
a reliable guide to future performance. The value of your investment may go down as well as up.
38

PERFORMANCE - PENSION FUNDS (CONTINUED)
Very High Risk Pension Funds
Over last
month
%
Over last
3 months
%
Year to
Date
%
1 Year
%
3 Years
% p.a.
5 Years
% p.a.
10 Years
% p.a.
Pension Irish Equity -1.0 3.6 6.3 9.0 -11.9 -14.4 -2.3
Bloxham Geared High Yield Fund (pension) -2.9 1.9 -2.9 14.5 6.8 -5.5 -
Note: Performance is based on the price calculated for 01 July 2011, which is calculated using close of market prices from the previous working
day. Performance is quoted gross of taxation and fund management charge. Past performance is not a reliable guide to future performance. The
value of your investment may go down as well as up.
PERFORMANCE - INDUSTRY AVERAGES
Ind. Avg 1
year
Ind. Avg. 3
years p.a.
Ind. Avg. 5
years p.a.
Ind. Avg. 10
years p.a.
Pension Funds
Pension Cash Fund 0.5 1.4 2.1 2.0
Pension Gilt Fund -2.9 4.3 2.9 4.1
Income & Growth Fund (pension) 0.9 1.7 1.1 2.4
Pension Managed Fund 5.8 0.7 -1.0 0.9
Ethical Managed Fund (pension) 5.8 0.7 -1.0 0.9
Pension Consensus Fund 5.8 0.7 -1.0 0.9
Friends First Mixed Fund 5.8 0.7 -1.0 0.9
Trilogy II Fund (pension) 5.8 0.7 -1.0 0.9
Pension Equity Fund 10.0 2.4 -0.2 0.0
Pension International 10.0 2.4 -0.2 0.0
Pension North American 8.0 7.0 1.9 -1.2
Pension UK Equity Fund 11.9 1.3 -1.2 -0.3
Pension European Fund 14.7 3.3 2.0 2.0
Euroland Equity Fund (pension) 13.8 -0.5 -0.9 -0.1
Pension Pacific Basin 11.7 9.0 7.9 6.9
Pension Japanese Fund -2.4 -0.1 -5.7 -3.0
Pension Property Fund 5.3 -10.4 -8.1 1.2
Pension Irish Equity 6.8 -13.8 -14.6 -4.7
Logon to www.newireland.ie for the most recent fund information
Note: Industry Average Source: Moneymate. Performance is based on the price calculated for 01 July 2011, which is calculated using close of
market prices from the previous working day. Performance is quoted gross of taxation and fund management charges except for the industry
average figures which are quoted gross of taxation and net of fund management charges. Past performance is not a reliable guide to future
performance. The value of your investment may go down as well as up.
39

PERFORMANCE - NET LIFE FUNDS
Net Life Managed Funds
Over
last
month
%
Over
last 3
months
%
Year
to
Date
%
1 Year
%
Ind.
Av. 1
Year
%
3
Years
% p.a.
Ind.
Av. 3
Years
%
5
Years
% p.a.
Ind.
Av. 5
Years
%
10
Years
% p.a.
Evergreen Fund -1.4 -0.4 -0.8 5.9 5.7 -1.6 -0.4 -2.7 -1.9 0.8 0.4
Balanced Managed Fund -1.5 -0.4 -1.3 6.9 5.7 0.8 -0.4 -1.9 -1.9 0.4 0.4
Opportunity Managed Fund -1.8 -0.8 -1.8 7.9 6.6 1.0 -1.1 -2.0 -2.6 0.0 -0.3
Distribution Fund -1.1 -2.0 0.4 5.3 5.7 -1.3 -0.4 -2.0 -1.9 1.1 0.4
Deferred Distribution Fund -1.1 -0.3 0.5 5.5 5.7 -1.0 -0.4 -1.7 -1.9 1.3 0.4
Net Life Specialist Funds
Equity Fund -2.1 -1.0 -2.3 9.2 8.2 0.2 0.9 -2.2 -1.5 -1.5 -0.5
International Equity Fund -2.2 -1.2 -2.9 8.9 8.2 1.2 0.9 -1.2 -1.5 -1.5 -0.5
Irish Equity Fund -0.8 2.4 8.3 14.3 6.7 -9.0 -12.3 -12.2 -12.6 -2.4 -4.1
U.K. Equity Fund -3.9 -0.2 -2.1 14.1 11.9 0.5 1.3 -2.2 -1.2 -2.2 -0.3
North American Equity Fund -3.0 -3.1 -3.3 7.2 8.2 3.8 5.4 0.2 1.1 -1.8 -1.6
European Equity Fund -1.3 1.3 2.4 14.0 13.8 -0.7 -0.5 -1.5 -0.9 -1.1 -0.1
Pacific Basin Equity Fund -2.2 -5.0 -8.6 0.4 1.8 4.9 3.9 5.1 5.9 4.7 3.8
Japanese Fund 1.2 1.3 -10.6 2.9 0.2 -2.1 -0.8 -7.2 -4.8 -4.9 -1.9
Property Fund -0.7 -0.4 1.4 5.2 -8.0 -8.7 -16.6 -5.6 -10.8 1.2 -1.7
Gilt Fund -0.6 1.0 -0.4 -2.9 -3.6 4.2 3.2 2.1 1.9 3.1 3.1
Cash Fund 0.1 0.2 0.4 0.3 0.4 0.7 1.1 1.2 1.6 1.2 1.4
Ind.
Av. 10
Years
%
Logon to www.newireland.ie for the most recent fund information
Note: Performance is based on the price calculated for 01 July 2011, which is calculated using close of market prices from the previous working
day. Performance is quoted net of taxation and 1% p.a. fund management charge. Past performance is not a reliable guide to future
performance. The value of your investment may go down as well as up. Industry Average Source: MoneyMate.
40

Warning: These funds may be affected by changes in currency exchange rates
Warning: The value of your investment may go down as well as up
Warning: Past Performance is not a reliable guide to future performance
Warning: For SecureAdvantage, if you cash in your investment (where option exists) before the
maturity date, you may lose some or all of the money you put in
Terms and conditions apply. Where relevant life assurance tax applies. Investing in a geared fund or a fund that contains an element of
gearing can lead to potentially increased returns when asset growth is positive, however it should be noted that any losses are
magnified. In the event that the investment does not perform as intended an investor may not receive back all of their original capital
and in extreme circumstances may lose their entire capital.
While care has been taken in its preparation, this document is of a general nature and should not be relied on in relation to a specific
issue without taking appropriate financial, insurance, investment or other professional advice. While the information has been taken
from sources we believe to be reliable, we do not guarantee their accuracy or completeness and any such information may be
incomplete or condensed. All opinions and estimates constitute best judgement at the time of publication and are subject to change
without notice. The content of this document is for information purposes only and does not constitute an offer or recommendation to
buy or sell any investment or to subscribe to any investment management or advisory service. Mention of individual stocks/assets is
not a recommendation to purchase or sell those stocks/assets. In the event of any changes in taxation or legislation, New Ireland
Assurance may amend the terms and conditions of the relevant contract to take account of any such changes. If there is any conflict
between this document and the Policy Conditions, the Policy Conditions will apply. The details shown relating to all of these Funds and
their compositions are as at the dates stated throughout this document and may change over time.
New Ireland Assurance Company plc is regulated by the Financial Regulator and is member of the Bank of Ireland Group. Bank of
New Ireland Assurance Company plc is regulated by the Central Bank of Ireland and is a member of the Bank of Ireland Group.
Ireland Asset Management Limited is regulated by the Financial Regulator. Incorporated and registered in Ireland at 40 Mespil Road,
Bloxham Dublin 4. Stockbrokers Registered number is a member 145221. of the Irish Stock Exchange and the London Stock Exchange. Bloxham Stockbrokers is
regulated by the Central Bank of Ireland.
Bloxham Stockbrokers is a member of the Irish Stock Exchange and the London Stock Exchange. Bloxham Stockbrokers is regulated
Kleinwort Benson Investors Dublin Ltd is regulated by the Central Bank of Ireland.
by the Financial Regulator.
Friends First Life Assurance Company Limited is regulated by the Central Bank of Ireland. F&C Ireland Limited is regulated by the Central
Bank KBC Asset of Ireland. Management Limited is regulated by the Financial Regulator.
BNY Mellon Global Real Return Fund is a Sub-Fund of BNY Mellon Global Funds, plc. BNY Mellon Global Funds, plc is an open-ended
Friends First Life Assurance Company Limited is regulated by the Financial Regulator. F&C Ireland Limited is regulated by the Financial
umbrella type investment company with variable capital (ICVC) and segregated liability between sub-funds, incorporated with limited
Regulator.
liability under the laws of Ireland. It qualifies and is authorised in Ireland by the Central Bank of Ireland as an undertaking for collective
investment in transferable securities pursuant to the European Communities (Undertakings for Collective Investment in Transferable
Securities) Regulations, 2003 (S.I. No 211 of 2003), as amended. The Manager of BNY Mellon Global Funds, plc is BNY Mellon Global
Management Limited. BNY Mellon Global Management Limited, 33 Sir John Rogerson’s Quay, Dublin 2, Ireland. The Manager is approved
as a management company and regulated by the Central Bank of Ireland under the European Communities (Undertakings for Collective
Investment in Transferable Securities) Regulations, 2003 (SI No 211 of 2003), as amended. The Global (ex. US) Distributor of BNY Mellon
Global Funds, plc is BNY Mellon Asset Management International Limited. BNY Mellon Asset Management International Limited, BNY
Mellon Global Management Limited (BNY MGM), Newton and any other BNY Mellon entity mentioned are all ultimately owned by The
Bank of New York Mellon Corporation.
State Street Global Advisors Ireland Limited is regulated by the Central Bank of Ireland. Incorporated and registered in Ireland at 2 Park
Place, Upper Hatch Street, Dublin 2. Registered number 145221. Member of the Irish Association of Investment Managers.

New Ireland Assurance Company plc.
11-12 Dawson Street, Dublin 2.
T: 01 617 2000 F: 01 617 2075 E: info@newireland.ie W: www.newireland.ie
300865 Q2 2011