Aviva Investors - Global Equity Income Fund Class I USD Accumulation

ISIN

LU2607537201

Asset class

Equity

NAV

138.82 USD (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) by investing in equities of global companies while earning higher income than the Benchmark.

Investments: The Sub-Fund will invest at least 80% in equities of global companies including up to 20% in emerging market companies. Specifically, the Sub-Fund invests at least 80% of total net assets (excluding ancillary liquid assets, eligible deposits, money market instruments and money market funds) in equities and equity-related securities of companies in any country across the globe, including emerging markets. Equity-related securities can include ADRs, GDRs, exchange-traded warrants and convertible securities, participation certificates and profit sharing 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 also invest in UCITS and/or other UCIs , preference shares and convertibles. The Fund may use derivatives for efficient portfolio management or reducing risk.

 
The Investment Manager actively makes the investment selection decisions for the Fund.

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

Share class currency
USD
Return type (Inc / Acc)
Accumulation
Share class
I
Minimum Investment
USD 100,000
Fund size (as at 24/02/2026)
USD 114.11m
Share class inception date
17/01/2024
Fund launch date
17/01/2024
Performance benchmark
MSCI ACWI NR USD
Fund volatility
-
Benchmark volatility
-
SFDR
Article 8
IA Sector
-
Distribution dates
-
Income distribution frequency
None
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)*
0.54%
Benchmark Income (gross of charges and taxes)*
1.67%

*The Sub-Fund aims to provide an income greater than the MSCI All Country World Index

Trading currency
USD
NAV (as at 24/02/2026)
138.82
Daily change
0.39%
12 Months NAV high (as at 25/02/2026)
138.82
12 Months NAV low (as at 08/04/2025)
107.85
Valuation frequency
Daily
ISIN
LU2607537201
SEDOL
BN7KBT9
MEXID
-
Bloomberg
AVIAIUS 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

Fund commentary

Summary review (as at January 2026)

The fund’s relative performance was held back by a number to industrials holdings. This offset positive contributions from technology positions. We purchased Samsung but sold out of Procter & Gamble.

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.

 0.85

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.

 1.87 - -

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.

 0.42 - -

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.

 -1.26 - -

Correlation (%)

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

 42.63 - -

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.

 1.52 - -

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.

 5.72 - -

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.

 6.70 - -

* The Fund is expected to have an average yearly tracking error of between 3% and 8% 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 Broadcom Inc - USA 4.46
2 Alphabet Inc Class C - USA 4.45
3 Microsoft Corp - USA 3.98
4 Taiwan Semiconductor Manufacturing Co Ltd ADR - TWN 3.81
5 CRH PLC - USA 3.44
6 JPMorgan Chase & Co - USA 3.36
7 AIA Group Ltd - HKG 3.27
8 NXP Semiconductors NV - NLD 2.94
9 Unilever PLC - GBR 2.88
10 TotalEnergies SE - FRA 2.78

Risks

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.

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.

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.

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.

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.

Market Risk

Prices of many securities (including bonds, equities and derivatives) change continuously, and can at times fall rapidly and unpredictably.

Operational risk

Human error or process/system failures, internally or at our service providers, could create losses for the Fund.

Stock Connect Risk

The Fund may be investing in China A-Shares via the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect which may entail additional clearing and settlement, regulatory, operational and counterparty risks.

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

Richard Saldanha

Manager start date

17 Jan 2024

Biography

Richard is the co-portfolio manager of the Global Equity Income and Global Equity Endurance Strategies and has analyst coverage of the Healthcare sector. Richard joined Aviva Investors in 2006 and has been managing a range of global portfolios since 2009. Before joining Aviva Investors, Richard worked for Punter Southall & Co in an actuarial internship role. Richard holds a Masters in Chemistry from the University of Oxford. He also holds the UKSIP Investment Management Certificate. Richard managed the portfolio from the start date indicated until August 2024, before a brief period away from the business. He resumed management of the Fund on 27 May 2025.

Fund manager

Edward Kevis

Manager start date

15 Aug 2024

Biography

Ed is the co-portfolio manager of the Aviva Investors Sustainable Stewardship International Equity strategy, Aviva Investors Global Equity Core Strategy and interim co-portfolio manager on the Aviva Investors Global Equity Income Strategy. Ed also has analyst sector coverage within the Global Consumer sector hub. Ed has been responsible for the management of various European equity strategies after being promoted to portfolio manager in 2015. He was appointed co-portfolio manager of the Aviva Investors Climate Transition European Equity strategy in September 2021. Ed was initially hired as a support services equity analyst for the European and UK Equity team in 2013. Ed began his career with Lloyds Banking Group, initially joining the Business Specialist Scheme with various roles in corporate lending, strategy and risk management in the Wholesale Banking division, and then moving to the Business Support Unit Investments team, initially in the Portfolio team but later moving to a combined transaction and portfolio role. Ed holds a BA (Hons) in Finance Accounting and Management from the University of Nottingham, and an Applied Diploma in Corporate Banking. He is a CFA® charterholder and passed the CFA Institute Certificate in ESG Investing in July 2021.

Registered countries

  • Austria
  • Switzerland
  • Germany
  • Denmark
  • Spain
  • Finland
  • France
  • United Kingdom
  • 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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