A low-cost range of global multi-asset funds with a passive investment focus

maf core

Growth assets include equity but also riskier forms of fixed income. 
Defensive assets include sovereign debt, investment grade credit and cash.

Multi-asset Core Fund I

The Fund is managed to a “defensive” risk profile. It targets 20% equity market risk* aiming to remain within a defined risk range of 16% to 24%.

Multi-asset Core Fund II

The Fund is managed to a “cautious” risk profile. It targets 45% equity market risk* aiming to remain within a defined risk range of 41% to 49%.

Multi-asset Core Fund III

The Fund is managed to a “moderately cautious” risk profile. It targets 60% equity market risk* aiming to remain within a defined risk range of 56% to 64%.

Multi-asset Core Fund IV

The Fund is managed to a “balanced” risk profile. It targets 75% equity market risk* aiming to remain within a defined risk range of 71% to 79%.

Multi-asset Core Fund V

The Fund is managed to an “adventurous” risk profile. It targets 100% equity market risk* aiming to remain within a defined risk range of 96% to 104%.

* The funds target a percentage of overall equity market volatility as measured by MSCI® All Country World Index.

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Multi-asset Core Key Features

The Aviva Investors multi-asset funds aim to give you a simple way to grow your savings. They invest globally in a selection of asset classes, including equities and bonds, allowing you to access a variety of different investments – all in one place. They are medium to long-term investments, so you should be prepared to invest for five years or more. Multi-asset Core is accessible via a range of different pension, investment and savings products. With Multi-asset Core you get three key features:

Multi-asset expertise

Multi-asset Core consists of a broad range of global growth and defensive assets. The funds utilise in house strategic asset allocations to drive returns. We have been trusted to manage multi-asset solutions for more than 40 years and manage over £90 billion in multi-asset solutions today.

Product features
In-house built strategic asset allocation
Global investment approach 
Broadly diversified growth and defensive assets

ESG integrated

The funds seek to invest in companies/countries with a stronger ESG score than the underlying markets by tilting global equity and sovereign bond investments towards higher ESG rated securities. Our baseline exclusion and engagement policies are also applied to the range.

Product features
Baseline exclusion policy
ESG Enhanced index building blocks1
Active ownership

Great value

We aim to give clients great outcomes at a competitive cost, with Multi-asset Core priced at a fixed OCF of 0.15%. We offer transparency on our performance through stated fund benchmarks. The funds map to key market risk profiling tools as outlined below.

Product features
Risk profiled
Performance benchmarks
Competitive fees (0.15% Fixed OCF)

  1. Global equity and sovereign bond investments systematically towards higher ESG rated securities than the underlying market. Global equities also tilt towards companies with lower carbon intensity than the underlying market. The ESG score is measured by both our in-house ESG scoring system and MSCI® ESG. The "underlying market" for equity is MSCI® World Index and for sovereigns it is the Bloomberg® Global Aggregate Treasuries Index.

Multi-asset Core Objectives

  CORE I CORE II CORE III CORE IV CORE V
Performance Benchmarks 20% Global equity
80% Global bonds
45% Global equity
55% Global bonds
60% Global equity
40% Global bonds
75% Global equity
25% Global bonds
100% Global equity
0% Global bonds
Target Equity Volatility

20%

45%

60%

75%

100%

Outperformance Objective  +0.30% +0.30% +0.30% +0.30% +0.30%
Fixed Fund OCF 0.15% 0.15% 0.15% 0.15% 0.15%

Global equity = MSCI® All Countries World Index (Net)
Global bonds = Bloomberg Barclays® Global Aggregate Bond Index Hedged GBP

Risk ratings that funds map to

  CORE I CORE II CORE III CORE IV CORE V
Defaqto 2 4 5 7 9
Dynamic Planner

3

4

5

6

7

EValue 5 7 8 9 10
Synaptic 2.4 3.4 3.9 4.6 5.4
FinaMetrica 20-45 46-67 58-67 68-76 77-100
Risk agency logos

Where to invest in Aviva Investors Multi-asset fund ranges

Key risks

For further information on the risks and risk profiles of our funds, please refer to the relevant KIID and Prospectus.

Investment 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

The funds invest in emerging markets; these markets may be volatile and carry higher risk than developed markets.

Derivatives risk

The funds use derivatives; these can be complex and highly volatile. Derivatives may not perform as expected, which means the funds may suffer significant losses.

MAF Core in focus

Explore our Multi-asset fund ranges

Aviva Investors MAF Plus: Multi-asset fund range

A comprehensive multi-asset investing solution that invests in Growth, Defensive and Uncorrelated assets. Each MAF Plus fund benefits from day-to-day portfolio management.

Find out more

Multi-asset views