Aviva Investors - Global High Yield Bond Fund V USD Acc

ISIN

LU2607186900

Asset class

Fixed Income

NAV

1.192,77 USD (as at 01/04/2026)

View all funds

Fund overview

Objective: To earn income and increase the value of the Shareholder's investment, while outperforming the Bloomberg Global High Yield Excl CMBS & EMG 2% Cap Index over the long term (5 years or more).

Investments: The Sub-Fund invests mainly in high yield bonds issued by corporations anywhere in the world, with an emphasis on North America and Europe. Specifically, at all times, the Sub-Fund invests at least two-thirds of total net assets (excluding ancillary liquid assets, eligible deposits, money market instruments and money market funds) in bonds that are rated below BBB- by Standard and Poor’s or Baa3 by Moody’s, and Fitch or Baa3 by Moody’s, or are unrated securities considered of equivalent credit quality, based on the Investment Manager’s internal assessment. The Sub-Fund may invest: up to 10% of total net assets in bonds of governmental, quasi-governmental and supranational issuers from developed markets; up to 10% of total net assets in convertible bonds; up to 10% of total net assets in bonds issued by corporations in emerging market countries and up to 30% of total net assets in money market investments. The Sub-Fund may hold equity securities received passively as a result of debt restructuring, provided such holding do not exceed 10% of total net assets.

For more details on the Fund specific risks, click here.

Share class currency
USD
Return type (Inc / Acc)
Accumulation
Share class
V
Minimum Investment
USD 0
Fund size (as at 01/04/2026)
USD 3,39b
Share class inception date
14/12/2023
Fund launch date
22/09/2008
Performance benchmark
BBg Gbl HY ex CMBS&EMG 2% C TR HUSD
Fund volatility
-
Benchmark volatility
-
SFDR
Article 8
IA Sector
Global High Yield Bond
*The Fund is expected to operate with lower volatility than the Benchmark over the long term.
Distribution dates
-
Income distribution frequency
-
Latest dividend
-

Historic yield

The historic yield reflects distributions declared over the past 12 months as a percentage of the share / unit price, on the date shown. This does not include entry charges and investors may be subject to further tax on their distributions.

0,00%

Underlying yield

This reflects the annualised income net of expenses of the fund as a percentage of the share price of the fund on the date shown. It does not include the deduction of entry charges and is the gross return before tax on distributions.

-

Distribution yield

This reflects the amount that is expected to be distributed over the next 12 months as a percentage of the share price of the fund on the date shown. It does not include the deduction of entry charges and is the gross return before tax on distributions. You may be subject to further tax on your distributions. The yield is not guaranteed.

-
Fund income (gross of charges and taxes)*
-
Benchmark Income (gross of charges and taxes)*
-
Trading currency
USD
NAV (as at 01/04/2026)
1.192,77
Daily change
0,40%
12 Months NAV high (as at 23/02/2026)
1.212,81
12 Months NAV low (as at 08/04/2025)
1.088,06
Valuation frequency
Daily
ISIN
LU2607186900
SEDOL
BNW14P4
MEXID
-
Bloomberg
AVGHYVU LX

Fees and expenses

Fees %

Entry charge (max.) Entry charge (max.)

Entry charge (max.)

A one-off charge may be taken from your money before it is invested. The charge is usually a percentage of the amount invested and is additional to the price paid for the units/shares. The entry charge is deducted from the investment before units/shares are bought and is also known as the “initial charge”.

 0,00

Exit charge (max.) Exit charge (max.)

Exit charge (max.)

A one-off charge levied on redemption of units/shares before the proceeds of your investment are paid out. This is also known as a “redemption charge”.

 0,00

Ongoing charges Ongoing charges

Ongoing charges

The ongoing charge figure represents the costs you can expect to pay annually based on last year's expenses. The ongoing charges figure is made up of various elements such as the fund management fee, professional fees, audit fees and custody fees. Performance fees (if payable) are not included in this figure.

 -

Management Fee (max.) (included in Ongoing charge) Management Fee (max.)

Management Fee (max.)

The management fee is fixed rate charge to cover the costs of managing the investments of the fund. It accrues daily on a percentage of the fund's net asset value and deducted from the fund's assets.

 -

Performance fee (max.) Performance fee (max.)

Performance fee (max.)

The percentage of any outperformance of the hurdle rate and/or benchmark that will be taken as a performance fee.

 -

Risks

Investment Risk
The value of an investment and any income from it can go down as well as up. Investors may not get back the original amount invested.

Credit and interest rate risk
Bond values are affected by changes in interest rates and the bond issuer's creditworthiness. Bonds that offer the potential for a higher income typically have a greater risk of default.

Derivatives Risk
Investments can be made in derivatives, which can be complex and highly volatile. Derivatives may not perform as expected, meaning significant losses may be incurred.

Investor in funds
Investments can be made in other funds; this could mean the overall charges are higher.

Illiquid Securities Risk
Some investments could be hard to value or to sell at a desired time, or at a price considered to be fair (especially in large quantities). As a result their prices can be volatile.

Sustainability Risk
The level of sustainability risk may fluctuate depending on which investment opportunities the Investment Manager identifies. This means that the fund is exposed to Sustainability Risk which may impact the value of investments over the long term.

Full information on risks applicable to the Fund are in the Prospectus and the Key Investor Information Document (KIID).

Management

  • Company name

    Aviva Investors Luxembourg SA

  • Legal structure

    Société d'investissement à Capital Variable

  • Head office

    2, rue du Fort Bourbon,
    PO Box 1375,
    Luxembourg,
    Luxembourg,
    L-1249

  • Ucits

    Yes

Fund managers

Fund manager

Pierre Ceyrac

Manager start date

1 Aug 2023

Biography

Pierre is a portfolio manager on the global high yield team, focusing on managing the global high yield strategies. Prior to assuming his current role, Pierre has managed multi-credit high beta and buy & hold high yield strategies at Aviva Investors. Previously, he was a high yield portfolio analyst. Pierre holds a Masters degree in Finance from Paris Dauphine University and an MSc in Banking and Finance from Queen Mary University of London. Pierre is also a CFA charterholder.

Fund manager

Fabrice Pellous

Manager start date

18 Nov 2024

Biography

Fabrice is Global Head of High Yield. Based in London, he jointly oversees the high yield desk globally and is a named manager on our global and short duration high yield strategies. Prior to joining Aviva Investors, Fabrice was Emerging Markets Portfolio Manager and Corporate Strategist at Invesco in London. Prior experiences include High Yield Portfolio Manager, Strategist and Analyst across Benchmarked, Total Return, Fixed Maturity Products, and Collateralized Debt Obligation. Fabrice holds a Masters in Mathematics, a Masters in Financial Engineering and is a CFA Charterholder.

Fund manager

Mark Dove

Manager start date

23 Feb 2026

Biography

Mark is a credit portfolio manager within the firm’s High Yield and Multi‑Sector Fixed Income capabilities. His broad expertise in credit portfolio management includes leadership in global hybrid debt as well as credit volatility strategies, both of which are of integral importance to the capabilities across the Capital Opportunities area. Prior to joining Aviva Investors, Mark was a Portfolio Manager at Federated Hermes in London, where he contributed to the management of the firm’s high yield, investment grade, and multi sector credit capabilities. Before his time at Federated Hermes, Mark began his career as an analyst at Aberdeen Asset Management. Mark holds a bachelor’s degree in economics and is a CFA charterholder.

Registered countries

  • United Arab Emirates
  • Switzerland
  • Luxembourg

Documents

View the fund range legal documents here.

Important information

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