Aviva Investors Global - EUR ReturnPlus Fund I Acc

ISIN

LU1985796371

Asset class

Fixed Income

NAV

113,74 EUR (as at 24/02/2026)

View all funds

Fund overview

Objective: To achieve a 0.50% per annum gross return above the Euro short-term rate (ESTR) over a 3-year rolling period, regardless of market conditions.

Investment Strategy: The strategy will invest in government and corporate fixed income securities (including but not limited to bonds of governmental, quasi-governmental, supranational, bank or corporate issuers) rated between AAA and A by Standard & Poor’s and Aaa and A2 by Moody’s. The Weighted Average Maturity (WAM) of the strategy will typically be greater than 2 years. The strategy will invest in selected fixed income securities from a low risk, short- dated bond universe across developed market currencies. The focus will be on investing in markets where structural dislocations exist (including global credit and cross currency swap markets). This involves the use of derivative instruments to hedge currency, and duration risk. Credit risk will be the main risk taken from a diversified portfolio with low overall default risk. The strategy may also enter into lending transactions and invest in floating rate notes, units of UCITS or other UCIs and money market instruments.

ESG Considerations: The investment process includes consideration of environmental, social and governance (ESG) criteria. Decisions are supported by active engagement with companies with the intention of positively influencing company behaviour to contribute to competitive returns. Engagement is conducted within a variety of sectors on multiple ESG issues. The Investment Manager seeks to limit exposure to direct investments in the following: Companies manufacturing or providing support services and systems to cluster munitions, landmines, chemical or biological weapons, nuclear weapons, civilian firearms; Companies manufacturing tobacco products; Further information is available on the website www.avivainvestors.com.

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

Share class currency
EUR
Return type (Inc / Acc)
Accumulation
Share class
I
Minimum Investment
EUR 1.000.000
Fund size (as at 24/02/2026)
EUR 703,16m
Share class inception date
17/03/2020
Fund launch date
17/03/2020
Performance benchmark
Euro Short Term Rate
Fund volatility
0,35
Benchmark volatility
-
SFDR
Article 8
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)
113,74
Daily change
0,01%
12 Months NAV high (as at 25/02/2026)
113,74
12 Months NAV low (as at 26/02/2025)
110,42
Valuation frequency
Daily
ISIN
LU1985796371
SEDOL
BJK5CN4
MEXID
CUYMZ
Bloomberg
ASEURIE LX

Cumulative performance

Source: Morningstar

Past performance is not a guide to future performance
Performance basis: Mid to mid, in the share class reference currency, gross of tax payable by the Fund with income reinvested. Net figures are net of ongoing charges and fees. Net and Gross performance does not include the effect of any exit or entry charge.

The Fund's performance is compared against the Euro Short Term Rate Index (the “Benchmark” or the “Index”).

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.

 -

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.

 0,15

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.

 0,95 0,85 0,45

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.

 2,72 2,30 1,73

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.

 2,82 1,84 0,78

Correlation (%)

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

 1,87 1,26 0,60

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.

 2,73 1,85 0,84

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.

 0,33 0,54 0,89

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.

 0,34 0,51 0,63

*

Read more about Fixed Income Style Fixed Income Style (as at 31/01/2026)

The Fixed Income Style Box shows the fund's overall interest rate sensitivity (horizontal axis) and credit quality (vertical axis). It is created by classifying the fund's fixed income holdings according to interest rate sensitivity (measured by average duration) and credit quality.
In general, higher percentages in the upper left-hand quadrants of the Style Box represent a conservative fixed-income exposure for the fund, with bonds of investment-grade quality and short to intermediate bond maturity. Conversely, larger percentages in the lower right-hand portions of the Style box represent a riskier fixed-income allocation for the fund, although one that may produce higher yields.
Legend:
Ltd: Limited. Duration <= 4.5 years
Mod: Moderate. Duration >4.5 and <= 7 years
Ext: Extensive. Duration >7.0 years.

Low: Low quality (average credit < BBB)
Mid: Medium quality (average credit rating < AA and >= BBB)
High: High quality (average credit rating AAA or AA).

Credit Quality

Read more about Credit Quality Breakdown Credit Quality Breakdown (as at 31/01/2026)

Globally, credit rating from Fixed Income Survey provided by fund company: Government, AAA , AA, A , BBB, BB, B, Below B and Not Rated. AAA bonds carry the highest credit rating. For the purpose of Morningstar's calculations, U.S. government bonds are considered AAA. For municipal bonds, anything at or below BBB is considered a high-yield or junk bond. Nonrated municipal bonds generally are classified as BBB. Other nonrated bonds generally are considered B. Morningstar base on the surveyed credit quality breakdown to calculate the average credit quality, please refer to the methodology paper for more detail.

% of Bond % of Bond

-

-

-

-

-

-

-

-

Bond statistics

Read more about Interest Rate Risk Interest Rate Risk(as at 31/01/2026)

The interest rate risk refers to the chance that investments in fixed income funds will suffer as the result of unexpected interest rate changes.

Portfolio

Avg Eff Maturity Read more about Avg Eff Maturity

Average effective maturity is a weighted average of all the maturities of the bonds in a portfolio, computed by weighting each bond's effective maturity by the market value of the security. Average effective maturity takes into consideration all mortgage prepayments, puts, and adjustable coupons. Longer-maturity funds are generally considered more interest-rate sensitive than their shorter counterparts. We list Average Effective Maturity for Taxable Fixed-Income and Hybrid funds and Average Nominal Maturity for Municipal Bond Funds. Since this is collected by survey, it is important to bear in mind that different fund companies may use different interest-rate assumptions in determining call likelihood and timing. Generally speaking, the longer the maturity, the greater the interest rate risk. When duration is unavailable, this is used in the calculation of the fixed-income style box.

-

Avg Eff Duration Read more about Avg Eff Duration

A measure of a fund's interest-rate sensitivity - the longer a fund's duration, the more sensitive the fund is to shifts in interest rates. Duration is determined by a formula that includes coupon rates and bond maturities. Small coupons tend to increase duration, while shorter maturities and higher coupons shorten duration. The relationship between funds with different durations is straightforward: A fund with a duration of 10 years is twice as volatile as a fund with a five-year duration.

-

Avg Credit Quality Read more about Avg Credit Quality

Globally, credit rating from Fixed Income Survey provided by fund company: Government, AAA , AA, A , BBB, BB, B, Below B and Not Rated. AAA bonds carry the highest credit rating. For the purpose of Morningstar's calculations, U.S. government bonds are considered AAA. For municipal bonds, anything at or below BBB is considered a high-yield or junk bond. Nonrated municipal bonds generally are classified as BBB. Other nonrated bonds generally are considered B. Morningstar base on the surveyed credit quality breakdown to calculate the average credit quality, please refer to the methodology paper for more detail.

-

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 Realkredit Danmark A/S - DNK 3,87
2 Nykredit Realkredit A/S - DNK 3,87
3 Skandinaviska Enskilda Banken AB (publ) - SWE 3,02
4 Korea Housing Finance Corp - KOR 2,92
5 Standard Chartered Bank (Singapore) Ltd - SGP 2,85
6 Corporacion Andina de Fomento - XSN 2,83
7 SNCF Reseau - FRA 2,55
8 Nederlandse Waterschapsbank N.V. - NLD 2,48
9 Bank Of Queensland Ltd. - AUS 2,42
10 DBS Bank Ltd. London Branch - SGP 2,19

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.

full information on risks applicable to the fund are in prospectus.

Management

  • Company name

    Aviva Investors Luxembourg SA

  • Legal structure

    Société d'investissement à Capital Variable, Specialised Investment Fund

  • Head office

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

  • Ucits

    No

Fund managers

Fund manager

Todd Cutting

Manager start date

17 Mar 2020

Biography

Todd is a senior portfolio manager within our Fixed Income Solutions team and is the lead manager for the Enhanced Liquidity and ReturnPlus range of portfolios. Todd develops and implements investment strategies in low risk relative value opportunities, and has a particular interest in structural dislocations in global funding markets. Prior to Aviva Investors, Todd was at UBS Global Asset Management, working as an analyst covering fixed income and multi asset funds. Todd graduated from the University of Bath with a BSc (Hons) degree in Mathematics and is a CFA charterholder.

Fund manager

Alexander Ieri

Manager start date

1 Mar 2025

Biography

Alex is a Portfolio Manager within the LDI and Global Liquidity team focusing on the Enhanced Liquidity and ReturnPlus portfolios and joined Aviva in 2017. Alex holds a MSc in Economics and Finance, and a BSc in Mathematics and Economics, from the University of Bristol. He is also a CFA Charterholder.

Registered countries

  • Austria
  • Belgium
  • Germany
  • United Kingdom
  • Ireland
  • Luxembourg
  • Netherlands
  • Portugal

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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