AI Stewardship Fixed Interest Fund UK Institutional Accumulation Units

ISIN

GB00BDZZG027

Asset class

Fixed Income

NAV

1.15 GBP (as at 06/03/2026)

View all funds

Fund overview

Objective: The Sub-Fund aims, through the responsible allocation of capital, to provide a net return in excess of the Markit iBoxx® GBP Non Gilt Total Return Index, annualised over rolling 5 year periods by investing in bonds issued by global companies.

At least 75% of the Sub-Fund’s investments (the “minimum stewardship allocation”) must contribute to one of three pillars through their products and services or through their operations:

∙ Climate - for example, tackling the causes or impacts of climate change;

∙ Earth - for example, tackling increasing biodiversity loss and resource scarcity;

∙ People - for example, tackling social inequality and unfair working practices.

Further details on the Investment Manager’s proprietary investment framework are set out in the prospectus.

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

Share class currency
GBP
Return type (Inc / Acc)
Accumulation
Share class
UK Institutional Acc
Minimum Investment
GBP 0
Fund size (as at 06/03/2026)
GBP 502.69m
Share class inception date
25/10/2017
Fund launch date
07/04/2015
Performance benchmark
Markit iBoxx GBP NonGilts TR
Fund volatility
-
Benchmark volatility
-
SFDR
-
IA Sector
-
Distribution dates
02/01/2025
Income distribution frequency
Annually
Latest dividend
0.05

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
GBP
NAV (as at 06/03/2026)
1.15
Daily change
-0.35%
12 Months NAV high (as at 02/03/2026)
1.16
12 Months NAV low (as at 14/04/2025)
1.06
Valuation frequency
Daily
ISIN
GB00BDZZG027
SEDOL
BDZZG02
MEXID
NURDH
Bloomberg
-

Cumulative performance

Source: Morningstar

Fees and expenses

Fees %

Entry charge Entry charge

Entry charge

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 Exit charge

Exit charge

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.

 0.03

Fund Management fee (included in Ongoing charge) Fund Management fee

Fund Management fee

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.

 -

Performance fee Performance fee

Performance fee

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.

 0.71 0.32 0.22

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.

 0.89 0.98 0.99

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.

 0.49 0.29 0.17

Correlation (%)

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

 89.45 94.61 95.71

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.

 1.02 0.30 -0.38

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.

 2.85 4.53 7.43

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.

 0.99 1.05 1.51

*

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

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-

-

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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.

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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.

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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 Euro Bund Future Mar 26 Fri Mar 06 00:00:00 UTC 2026 DEU 6.60
2 Long Gilt Future Mar26 - 5.60
3 United Kingdom of Great Britain and Northern Ireland 4.125% - GBR 3.80
4 Euro Bobl Future Mar 26 Fri Mar 06 00:00:00 UTC 2026 DEU 3.33
5 United Kingdom of Great Britain and Northern Ireland 3.75% - GBR 2.95
6 Euro OAT Future Mar 26 Fri Mar 06 00:00:00 UTC 2026 FRA 1.66
7 Tesco Property Finance 3 Plc 5.744% - GBR 1.63
8 Westfield Stratford City Finance No.2 PLC 1.642% - GBR 1.53
9 United Kingdom of Great Britain and Northern Ireland 4.75% - GBR 1.45
10 Athene Global Funding 5.146% - USA 1.28

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 risk:
A bond or money market security could lose value if the issuer's financial health weakens. Below investment grade bonds (also known as high yield securities) typically have greater credit risk than investment grade securities.

Default risk:
Issuers of certain bonds or money market instruments could become unable to make payments on their bonds, causing a reduction in income to the Fund and also in the value of bonds held by the Fund. Under extreme market or economic conditions, defaults could be widespread and their effect on Fund performance significant.

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.

Fixed Income Risk:
Investments in fixed interest securities are impacted by market and credit risk and are sensitive to changes in interest rates and market expectations of future inflation. Bonds that produce a higher level of income usually have a greater risk of default.

Hedging risk:
Any measures taken to offset specific risks will generate costs (which reduce performance), could work imperfectly or not at all, and if they do work will reduce opportunities for gain.

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.

Interest rate risk — bonds:
When interest rates rise, bond values generally fall. This risk is generally greater for longer-term bonds and for bonds with higher credit quality.

Full information on risks applicable to the Fund are in the Prospectus and the Key Investor Information Document (KIID).

Management

  • Company name

    Aviva Investors UK Fund Services Limited

  • Legal structure

    Authorised Contractual Scheme

  • Head office

    80 Fenchurch Street,
    London,
    United Kingdom,
    EC3M 4AE

  • Ucits

    No

Fund managers

Fund manager

Thomas Chinery

Manager start date

15 Aug 2019

Biography

Tom is a senior portfolio manager in the Global Investment Grade Team. He is lead portfolio manager on Global Climate Credit, Stewardship Fixed Interest and several Sterling Investment Grade strategies. Tom has managed investment grade funds, from both a relative value and buy-and-maintain perspective, since joining Aviva Investors. Prior to this, Tom worked at Mitsubishi Trust Bank helping to manage a total return treasury book of corporate bonds and Credit Default Swaps (CDS). Tom holds a BA (Hons) in Accounting and Law. He is also a CFA charterholder.

Fund manager

James Vokins

Manager start date

27 Jan 2018

Biography

James leads Aviva Investors’ Investment Grade Credit team and Core Income Group. The IG team includes the UK, North American, Global strategies with portfolio managers based in London and Toronto. The Core income Group also includes the Global Rates team. Prior to becoming Head of the Investment Grade team in 2021, James was head of the UK Investment Grade Credit team. He is responsible for the portfolio management of the Aviva Investors Global Investment Grade Bond fund, the Sterling Corporate Bond Fund and the Strategic Bond fund. Prior to joining Aviva Investors, James worked for JP Morgan’s Debt Capital Markets team. He holds a degree in Business Administration from the University of Bath and the Investment Management Certificate. He is also a CFA® charterholder.

Registered countries

  • United Kingdom

Documents

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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