Aviva Investors – Natural Capital Global Equity Fund Class I EUR Acc

ISIN

LU2366405582

Asset class

Equity

NAV

112,95 EUR (as at 24/02/2026)

View all funds

Fund overview

Objective: To increase the value of the Shareholder’s investment over the long term (5 years or more) and aim to support the transition towards a nature positive economy, by investing in equities of companies that are either providing solutions to reduce human impact on nature, or transitioning their business models and operations towards a nature positive economy.

Core Investments: The Fund invests at least 90% of total net assets in equities and equity-related securities of companies from anywhere in the world (including emerging markets) which, at the point of investment, will qualify as Sustainable Investments (see “Responsible Investment” section).

The Fund’s equity and equity-related investments can include ADRs, GDRs, options on equities, exchange-traded warrants, convertible securities and participation certificates among others. The Fund does not buy equity warrants but may hold any it receives in connection with equities it owns. The Fund may invest in China A-Shares through Shanghai Hong Kong Stock Connect and through Shenzhen Hong Kong Stock Connect.

Strategy: The Fund is actively managed and has two categories: 

• “Solutions”, which allocates to stocks of companies that are deemed to be contributing to the objective by providing products and services that reduce human impact on nature; 

• “Operations”, which allocates to stocks of companies that are deemed to be addressing their negative impacts on natural capital and biodiversity, aligning or that have already aligned their business models and operations to reduce these impacts, better manage related risks, and support the shift to a nature positive economy.

Companies will be identified as Sustainable Investments if they satisfy the “Solutions” or “Operations” eligibility criteria and are not excluded from the investment universe.

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

For more details on our Sustainable Finance Disclosures, click here.

Share class currency
EUR
Return type (Inc / Acc)
Accumulation
Share class
I
Minimum Investment
EUR -
Fund size (as at 24/02/2026)
USD 48,13m
Share class inception date
30/11/2021
Fund launch date
30/11/2021
Performance benchmark
MSCI ACWI NR EUR
Fund volatility
12,12
Benchmark volatility
-
SFDR
Article 9
IA Sector
-
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
EUR
NAV (as at 24/02/2026)
112,95
Daily change
1,07%
12 Months NAV high (as at 16/01/2026)
113,89
12 Months NAV low (as at 08/04/2025)
90,69
Valuation frequency
Daily
ISIN
LU2366405582
SEDOL
BNG1289
MEXID
-
Bloomberg
AVTGEEA LX

Cumulative performance

Source: Morningstar

The Fund's performance is compared against the MSCI All Countries World Index (the “Benchmark” or the “Index”).

For further information on Sustainability Risk please refer to the Sustainable Finance Disclosure section. The Fund was previously called Aviva Investors - Natural Capital Transition Global Equity Fund up until 14th May 2025.

Fund commentary

Summary review (as at December 2025)

Global equities performed well in the quarter, led by Japan. The fund underperformed the benchmark during the period. The industrials, information technology and materials sectors weighed on performance, while communication services, consumer discretionary and utilities contributed positively.

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”.

 5,00

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.

 0,84

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.

 0,75

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.

 -

Portfolio

Portfolio stats (as at 31/01/2026)

Aviva Investors - Emerging Markets Bond Fund Iyh GBP Acc Portfolio stats
1 Year 3 Years 5 Years

Alpha

Indicates the excess return provided by the Fund over the benchmark.

 -5,07 -3,49 -

Beta

A measure of the fund volatility in comparison to the market. A beta of less than 1 implies that the fund will be less volatile than the market whilst a beta greater than 1 implies the fund is more volatile than the market. As an example, a fund with a beta of 1.2 would be expected to rise to 1.2 if there was a 1 unit rise of the benchmark, or to fall 1.2 units if there was a 1 unit fall in the benchmark.

 0,83 0,82 -

Information ratio

A measure of the manager's ability to generate excess and consistent returns relative to the funds benchmark. The greater the IR, the more consistent a manager is.

 -1,45 -1,47 -

Correlation (%)

Measures the extent to which the Fund and the benchmark move together, a correlation of 1 indicates the Fund matched the benchmark exactly.

 90,66 83,06 -

Sharpe ratio

A measure of the fund's risk-adjusted performance. The greater the fund's Sharpe ratio, the better its historical risk-adjusted performance has been. This ratio is best used to compare a number of funds rather than used in isolation for a single fund.

 -0,08 0,70 -

Annualised volatility (%)

A measure of the funds dispersion of returns. A higher volatility implies that a fund's return is spread over a larger range of values whilst a lower volatility implies that a funds return is spread over a smaller range of values.

 11,26 9,19 -

Tracking error (%) *

A measure of how closely the fund follows its benchmark. A passive fund should have a tracking error close to zero, while an actively managed fund would normally have a higher tracking error.

 4,05 4,17 -

* The Fund is expected to have an average yearly tracking error of between 2% and 6% when compared to the Index.

Read more about Stock style Stock style (as at 31/01/2026)

The Equity style box classifies holdings into market capitalization on the vertical axis (company size) and investment style on the horizontal axis (growth or value). This graphical representation is determined by attributing an investment style to each underlying holding, which is then summarised here for the overall fund.
A well-diversified fund doesn't necessarily require holdings across all styles, however, exposure across the Style Box does represent greater diversification.
Legend:
Val: Value
Core: Core
Gwt: Growth

Large: Group that accounts for the top 70% of the capitalization of the Morningstar domestic stock universe.
Medium: Group that accounts for the next 20% of the capitalization of the Morningstar domestic stock universe.
Small: Group that accounts for the bottom 10% of the capitalization of the Morningstar domestic stock universe.

Pie chart

Asset Allocation (as at 31/01/2026)

Bar chart

Asset Allocation (as at 31/01/2026)

Aviva Investors - Emerging Markets Bond Fund Iyh GBP Acc Portfolio stats
Name Maturity Country Fund (%)
1 Alphabet Inc Class A - USA 5,80
2 Taiwan Semiconductor Manufacturing Co Ltd ADR - TWN 5,65
3 Microsoft Corp - USA 5,44
4 NVIDIA Corp - USA 4,12
5 Munchener Ruckversicherungs-Gesellschaft AG - DEU 3,40
6 Waste Management Inc - USA 3,26
7 Visa Inc Class A - USA 3,13
8 AXA SA - FRA 3,08
9 Siemens AG - DEU 3,02
10 ASML Holding NV - NLD 2,82

Risks

Investment and 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.

Equities Risk

Equities can lose value rapidly, can remain at low prices indefinitely, and generally involve higher risks — especially market risk — than bonds or money market instruments. Bankruptcy or other financial restructuring can cause the issuer's equities to lose most or all of their value.

Counterparty Risk

The Fund could lose money if an entity with which it does business becomes unwilling or is unable to meet its obligations to the Fund.

Illiquid Securities Risk

Certain assets held in the Fund could, by nature, be hard to value or to sell at a desired time or at a price considered to be fair (especially in large quantities), and as a result their prices could be very volatile.

Derivatives Risk

Derivatives are instruments that can be complex and highly volatile, have some degree of unpredictability (especially in unusual market conditions), and can create losses significantly greater than the cost of the derivative itself.

Sustainability Risk

The level of sustainability risk to which the Fund is exposed, and therefore the value of its investments, may fluctuate depending on the investment opportunities identified by the Investment Manager.

Full information on the risks applicable to the Fund is detailed in the KIID and Prospectus.

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

Jonathan Toub

Manager start date

30 Nov 2021

Biography

Jonathan is a portfolio manager responsible for Emerging Market and Asia Pacific equity strategies. Jonathan was formerly a Portfolio Manager focussed on Global Emerging Markets at Aberdeen Standard Investments. Prior to this Jonathan worked as GEM Equity Portfolio Manager at Collabrium Investment Advisors and a GEM equity analyst at Lansdowne Partners. Jonathan holds an LLB (Hons) Law from Kings College, London. He also holds the Investment Management Certificate and is a CFA® charterholder.

Registered countries

  • Switzerland
  • Germany
  • Spain
  • France
  • United Kingdom
  • Italy
  • Liechtenstein
  • Luxembourg
  • Netherlands
  • Norway
  • Portugal
  • Sweden

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.

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