Aviva Investors - Emerging Markets Bond Fund R USD Acc

ISIN

LU2947862285

Asset class

Fixed Income

NAV

114.48 USD (as at 25/02/2026)

View all funds

Fund overview

Objective: To earn income and increase the value of the Shareholder's investment over the long term (5 years or more).

Investments: The Fund invests mainly in bonds issued by governments and corporations in emerging market countries. Specifically, at all times, the 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 of governmental, quasi-governmental, supranational, bank or corporate issuers that have their registered office, or do most of their business, in emerging market countries anywhere in the world.

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
R
Minimum Investment
USD -
Fund size (as at 25/02/2026)
USD 4.11b
Share class inception date
16/12/2024
Fund launch date
08/12/2003
Performance benchmark
JPM EMBI Global TR USD
Fund volatility
-
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
USD
NAV (as at 25/02/2026)
114.48
Daily change
0.00%
12 Months NAV high (as at 19/02/2026)
114.62
12 Months NAV low (as at 14/04/2025)
98.05
Valuation frequency
Daily
ISIN
LU2947862285
SEDOL
BS2GPH3
MEXID
-
Bloomberg
AVEMBDR 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.

 -

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.

 0.60

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.

Emerging markets risk
Investments can be made in emerging markets. These markets may be volatile and carry higher risk than developed markets.

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.

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

Aaron Grehan

Manager start date

1 Jan 2010

Biography

Aaron is the Head of Capital Opportunities Group and Co-Head of Emerging Market Debt. In his role as Head of Capital Opportunities Aaron is focused on maximising the impact of high-growth potential areas by leading a combination of our EMD, High Yield, Multi-Sector Fixed Income and Convertible Debt capabilities. This brings together teams with complementary skill sets, enabling an approach to investment challenges from multiple perspectives. In Emerging Market Debt Aaron has co-management responsibility for both hard-currency sovereign and corporate bond portfolios. He has been co-managing the hard currency sovereign strategy since he joined the team in 2010 and has co-managed the corporate focused strategy since launch in 2012. Prior to joining the Emerging Markets Debt team in 2010, Aaron was a fund manager in the Liability Driven Fixed Income team with a focus on the construction and management of corporate credit portfolios. Before this, he held positions in the Credit team, assisting in the management of active sterling and euro corporate strategies, and Performance Measurement. Aaron holds the IMC and is also a CFA® charterholder.

Fund manager

Michael McGill

Manager start date

1 Mar 2015

Biography

Mike is a senior portfolio manager for the emerging market hard currency portfolios. He joined Aviva Investors in 2013 working as our dedicated EMD trader, switching to a portfolio management role in April 2015. Mike was promoted to Senior Portfolio Manager roll in April 2019. Mike began his investment career with Bluebay Asset Management in 2007, initially working as a repo trader before becoming an emerging markets trader focusing on emerging market debt and a broad range of derivative products. He holds a Bachelor’s degree in Economics from Texas State University.

Registered countries

  • Switzerland
  • Liechtenstein
  • 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.

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