Aviva Investors - Global Investment Grade Corporate Bond Fund Mmh GBP Inc

ISIN

LU3231989347

Asset class

Fixed Income

NAV

99,43 GBP (as at 13/04/2026)

View all funds

Fund overview

Objective: To earn income and increase the value of the Shareholder’s investment, while outperforming the Benchmark over the long term (5 years or more).

Investment Policy: The Sub-Fund invests mainly in investment grade corporate bonds from anywhere in the world. Specifically, the Sub-Fund invests in bonds of corporate, governmental and quasi-governmental issuers. The Sub-Fund may invest up to 15% of total net assets in debt securities rated below investment grade, up to 5% of total net assets in unrated securities and up to 10% of total net assets in distressed securities.

The Sub-Fund may also invest up to 20% of total net assets in securitisation, including asset backed securities (ABS) and mortgage backed securities (MBS) which may be secured on residential, consumer or corporate loans, among other asset types, and collaterised loans obligations (CLOs), and up to 20% of total net assets (in aggregate) in contingent convertible bonds, Additional tier-1 (AT1) and Restricted tier-1 (RT1).

For full details of the risks applicable to investing in these bonds, please refer to section “Risk Descriptions”.

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

Share class currency
GBP
Return type (Inc / Acc)
Income
Share class
Mmh
Minimum Investment
GBP -
Fund size (as at 13/04/2026)
USD 6,36b
Share class inception date
15/12/2025
Fund launch date
06/05/2015
Performance benchmark
Bloomberg Gbl Agg Corp TR Hdg GBP
Fund volatility
-
Benchmark volatility
-
SFDR
Article 8
IA Sector
-
*The Fund is expected to operate with volatility equivalent to that of the Benchmark over the long term.
Distribution dates
01/04/2026
Income distribution frequency
Monthly
Latest dividend
0,37

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.

-

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
GBP
NAV (as at 13/04/2026)
99,43
Daily change
0,07%
12 Months NAV high (as at 27/02/2026)
101,40
12 Months NAV low (as at 30/03/2026)
98,26
Valuation frequency
Daily
ISIN
LU3231989347
SEDOL
BQB7PX9
MEXID
CUABHK
Bloomberg
AVINAGG 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”.

 -

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”.

 -

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.

 0,30

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.

 0,27

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 & Currency risk
The value of an investment and any income from it can go down as well as up and can fluctuate in response to changes in currency and exchange rates. 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.

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.

Asset Backed Securities and Mortgage Backed Securities: The Fund may invest in asset‑backed securities, whose value depends on the performance of the underlying loans or receivables. Changes in interest rates, early or late repayments, or complex payment structures can reduce or delay returns. In stressed market conditions, asset‑backed securities can become less liquid and more difficult to value or sell.

Collateralised Loan Obligations: In addition to standard debt and ABS risks (e.g., interest rate, credit and default risk), CDOs and CLOs involve further risks, including: (i) collateral cash flows may be insufficient to meet interest or other payments; (ii) collateral may decline in value, be downgraded or default; (iii) a Fund may hold subordinated tranches exposed to higher losses; and (iv) their complex structures can be hard to fully assess, creating valuation challenges, potential disputes with issuers, or unexpected investment outcomes.

Contingent Convertibles securities risk: Contingent convertible bonds (CoCos), often classified as Additional Tier 1 (AT1) capital instruments, are high‑yield, high‑risk hybrid securities issued primarily by banks. They automatically convert to equity or are written down when the issuer’s capital deteriorates. This makes them structurally riskier than traditional bonds.

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

Chris Higham

Manager start date

1 Mar 2023

Biography

Chris oversees a range of bond funds which invest across fixed-income assets, including investment-grade corporates, high-yield corporates, government, and emerging markets bonds. Chris works as lead manager on our Global Investment Grade, Sterling Corporate Bond, Higher income Plus, Managed High Income and the Strategic Bond Fund. He has also managed the Strategic Bond Fund from its launch in 2008. Prior to joining Aviva Investors, Chris worked as a portfolio manager for Old Mutual Asset Managers. He joined the industry as a credit analyst. Chris graduated from Durham University with a BA (Hons) in economics. He is an associate member of the UK Society of Investment Professionals and is a CFA® charterholder.

Fund manager

James Vokins

Manager start date

1 Jul 2021

Biography

James leads Aviva Investors’ Investment Grade Credit team and Core Income Group. The IG team includes the UK, North American, Global strategies with portfolio managers based in London and Toronto. The Core income Group also includes the Global Rates team. Prior to becoming Head of the Investment Grade team in 2021, James was head of the UK Investment Grade Credit team. He is responsible for the portfolio management of the Aviva Investors Global Investment Grade Bond fund, the Sterling Corporate Bond Fund and the Strategic Bond fund. Prior to joining Aviva Investors, James worked for JP Morgan’s Debt Capital Markets team. He holds a degree in Business Administration from the University of Bath and the Investment Management Certificate. He is also a CFA® charterholder.

Fund manager

Justine Vroman

Manager start date

1 Dec 2022

Biography

Justine is a Senior Portfolio Manager in the Global Investment Grade Credit Team. Justine is lead portfolio manager on the Global Climate Credit and Global Investment Grade funds. Since joining Aviva Investors, Justine also managed several Buy-and-Maintain Credit mandates. Justine previously worked at Pictet Asset Management as a Senior Investment Manager. She was lead Portfolio Manager on several Active Credit Investment Grade and Crossover strategies, including a Global Sustainable Credit fund. Additionally, she contributed to the development of a proprietary ESG framework. Justine holds a Master’s in Management from EDHEC Business School (France) and an MSc in Finance from the University of Strathclyde (UK). She is also a Certified International Investment Analyst (CIIA), holds a Certificate in Climate and Investing issued by the CFA Society UK and a Certificate in ESG Investing issued by the CFA Institute.

Registered countries

  • United Kingdom
  • Luxembourg

Documents

View the fund range legal documents here.

Important information

Unless stated otherwise the source for all performance, portfolio and fund breakdown data is Morningstar. This information does not constitute advice or a recommendation. If you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Care is taken to ensure that the information provided by Morningstar is correct but it neither warrants, represents nor guarantees the contents of the information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein.

© Copyright 2026 Morningstar. All rights reserved.