A range of global multi-asset funds with a focus on active investment

MAF Plus fund range

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

Multi-asset Plus 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 12% to 28%.

Multi-asset Plus 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 37% to 53%.

Multi-asset Plus 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 52% to 68%.

Multi-asset Plus 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 67% to 83%.

Multi-asset Plus 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 92% to 108%.

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

Multi-asset Plus 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 Plus is accessible via a range of different pension, investment and savings products. With Multi-asset Plus you get two key features:

Multi-asset expertise

Multi-asset Plus consists of a broad range of global growth, defensive and uncorrelated assets. The funds utilise in house strategic and tactical asset allocations to drive returns. We have been trusted to manage multi-asset solutions for nearly 50 years and manage over £107 billion in multi-asset solutions today.

Product features
In-house built strategic asset allocation
Tactical (active) asset allocation
Use of alternative asset classes

Great value

We aim to give clients great performance at a competitive cost, with Multi-asset Plus priced at a capped OCF of 0.60%. We offer transparency on our performance through stated fund benchmarks and outline an alpha expectation with an outperformance objective. The funds map to key market risk profiling tools as outlined below.

Product features
Risk profiled
Performance benchmarks
Competitive fees (0.60% Capped OCF)

Multi-asset Plus Objectives

  PLUS I PLUS II PLUS III PLUS IV PLUS 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  +1.30% +1.30% +1.30% +1.30% +1.30%
Fixed Fund OCF 0.60% 0.60% 0.60% 0.60% 0.60%

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

Risk ratings that funds map to

  PLUS I PLUS II PLUS III PLUS IV PLUS V
Defaqto 2 4 6 7 9
Dynamic Planner

3

4

5

6

8

EValue 5 7 8 9 10
Synaptic 2.6 3.3 3.9 4.5 5.7
FinaMetrica 17-44 45-56 57-66 67-82 83-100
Risk agency logos

Multi-asset funds quarterly update

Sotirios Nakos, Fund Manager on our MAF Core and Plus funds looks back on Q1 2025 and answers key questions about market conditions and potential outcomes for Q2 2025 and how these can impact asset allocation decisions in our MAF Core and Plus funds. This video is available for you to share and discuss with your clients.

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.

The Investment Manager endeavours to comply with the requirements of the UK Stewardship Code when managing the Funds’ assets. Stewardship is the responsible allocation, management and oversight of capital to create long-term value for investors leading to sustainable benefits for the economy, the environment and society. Environmental (particularly climate) and social factors, in addition to governance, have become material issues for fund managers to consider when making investment decisions and undertaking stewardship. The Investment Manager therefore considers a range of financial and non-financial information when assessing investments and to inform its stewardship activities, including considering the potential or actual material risk that sustainability issues may have on an investment. For more information on how the Investment Manager carries out this activity and meets the requirements of the UK Stewardship Code, as well as details about Aviva Investors’ firmwide policy, please see our website: Policies and documents - Aviva Investors

MAF Plus: Multi-asset fund range team

Multi-asset views

Monthly commentary

Explore our other multi-asset fund ranges

Aviva Investors MAF Core: Multi-asset fund range

A simple multi-asset investing solution that invests in Growth and Defensive assets. The asset mix for each MAF Core fund is reviewed by the investment team on a quarterly basis.

Find out more

Aviva Investors MAF Stewardship

Risk-profiled multi-asset portfolios with a focus on sustainable investment linked to our three pillars: Social, Climate and Nature.

Find out more

IMPORTANT INFORMATION

THIS IS A MARKETING COMMUNICATION

Except where stated as otherwise, the source of all information is Aviva Investors Global Services Limited ("Aviva Investors"). Unless stated otherwise any opinions expressed are those of Aviva Investors. They should not be viewed as indicating any guarantee of return from an investment managed by Aviva Investors nor as advice of any nature. The value of an investment and any income from it can go down as well as up. Investors may not get back the original amount invested.

The Aviva Investors Multi‐asset Funds comprise two ranges, each with five funds (together the “Funds”): Aviva Investors Multi-asset Plus Fund range comprises the Aviva Investors Multi‐asset Plus Fund I (“MAF Plus I”), the Aviva Investors Multi‐asset Fund Plus II (“MAF Plus II”), the Aviva Investors Multi‐asset Plus Fund III (“MAF Plus III”), the Aviva Investors Multi‐asset Plus Fund IV (“MAF Plus IV”) and the Aviva Investors Multi‐asset Plus Fund V (“MAF Plus V”) Aviva Investors Multi-asset Core Fund range comprises the Aviva Investors Multi‐asset Core Fund I (“MAF Core I”), the Aviva Investors Multi‐asset Fund Core II (“MAF Core II”), the Aviva Investors Multi‐asset Core Fund III (“MAF Core III”), the Aviva Investors Multi‐asset Core Fund IV (“MAF Core IV”) and the Aviva Investors Multi‐asset Core Fund V (“MAF Core V”).

The Funds are sub-funds of the Aviva Investors Portfolio Funds ICVC. For further information please read the latest Key Investor Information Document and Supplementary Information Document. The Prospectus and the annual and interim reports are also available on request. Copies in English can be obtained free of charge from Aviva Investors UK Fund Services Limited, 80 Fenchurch Street, London, EC3M 4AE. You can also download copies from our website. Issued by Aviva Investors UK Fund Services Limited. Registered in England No 1973412. Authorised and regulated by the Financial Conduct Authority. Firm Reference No. 119310. Registered address 80 Fenchurch Street, London, EC3M 4AE. An Aviva company.