Aviva Investors - ReturnPlus Fund M USD Accumulated

ISIN

LU3087672484

Asset class

Fixed Income

NAV

103.38 USD (as at 25/02/2026)

View all funds

Fund overview

Objective: To achieve a 0.75% per annum gross return above the Secured Overnight Financing Rate (SOFR) over a three-year rolling period, regardless of market conditions.

Investment Strategy: The Sub-Fund invests mainly in bonds from anywhere in the world Specifically, the Sub-Fund invests at least 80% in bonds of government, and corporate bonds (including but not limited to bonds of governmental, quasi-governmental, supranational,bank or corporate issuers anywhere in the world, including up to 30% in emerging markets) rated between AAA and A by Standards and Poor’s and Fitch and between Aaa and A2 by Moody's.  

 
Bond investments may include mortgage-backed securities (MBS) and asset-backed securities (ABS) subject to the rating restrictions discussed above. These bonds may be secured on residential, consumer or corporate loans, among other asset types. The Sub-Fund may invest up to 20% of total net assets in securitisation, including ABS/MBS and collaterised loan obligations (excluding ancillary liquid assets, eligible deposits, money market instruments and money market funds).
 
For full details of the risks applicable to investing in these securities, please refer to section “Risk Descriptions”.
 
The Sub-Fund may invest in floating rates notes and units of UCITS or other UCIs.
 
For liquidity management purposes, the Sub-Fund may also hold ancillary liquid assets within the meaning of point 9 listed under “Permitted Securities and Transaction” of section “General Investment Restrictions and Eligible Assets for UCITS Fund”. For the same purposes, the Sub-Fund may also invest on an ancillary basis in eligible deposits within the meaning of point 8 of the same section referred to above, money market instruments or money market funds.
 
Under unfavourable market circumstances during which the investment strategy would become impossible to continue implementing and the Sub-Fund would no longer be able to achieve its investment objective, the Sub-Fund may, on a temporary basis, invest up to 100% of its net assets in such assets.
 
For the avoidance of doubt, investment in such assets is not part of the core investment policy of the Sub-Fund.

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

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

Share class currency
USD
Return type (Inc / Acc)
Accumulation
Share class
M
Minimum Investment
USD 1,000,000
Fund size (as at 25/02/2026)
USD 233.6m
Share class inception date
07/07/2025
Fund launch date
07/07/2025
Performance benchmark
Secured Overnight Financing Rate(SOFR)
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.

-

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)
103.38
Daily change
0.03%
12 Months NAV high (as at 26/02/2026)
103.38
12 Months NAV low (as at 22/07/2025)
100.19
Valuation frequency
Daily
ISIN
LU3087672484
SEDOL
BNKBGK5
MEXID
-
Bloomberg
AVIIUMU 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”.

 0.00

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”.

 -

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.

 0.20

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.

 -

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.

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: 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.

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

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.

Liquidity Risk: Any type of security that is not publicly traded (such as Rule 144A Securities) may be hard to value, and may be hard to sell at a desired time and price, especially in any volume.

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

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.

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

Todd Cutting

Manager start date

7 Jul 2025

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

7 Jul 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
  • Germany
  • Spain
  • United Kingdom
  • Luxembourg

Documents

View the fund range legal documents here.

Important information

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