MAF Sustainable

MAF Stewardship I

The Fund aims to: i) grow your investment over the long term (5 years or more) through the responsible allocation of capital, generating a combination of income and capital growth*; and ii) manage volatility within a risk range of 3% higher or lower than the volatility of the Volatility Index**.

MAF Stewardship II

The Fund aims to: i) grow your investment over the long term (5 years or more) through the responsible allocation of capital, generating a combination of income and capital growth*; and ii) manage volatility within a risk range of 3% higher or lower than the volatility of the Volatility Index**.

MAF Stewardship III

The Fund aims to: i) grow your investment over the long term (5 years or more) through the responsible allocation of capital, generating a combination of income and capital growth*; and ii) manage volatility within a risk range of 3% higher or lower than the volatility of the Volatility Index**.

MAF Stewardship IV

The Fund aims to: i) grow your investment over the long term (5 years or more) through the responsible allocation of capital, generating a combination of income and capital growth*; and ii) manage volatility within a risk range of 3% higher or lower than the volatility of the Volatility Index**.

This product does not have a UK sustainable investment label. This is because - although the Fund has sustainability characteristics - it does not meet the criteria for a label. Sustainable investment labels help investors find products that have a specific sustainability goal. They can only be applied to funds with an explicit sustainability objective and that meet other specific regulatory criteria for a UK sustainable investment label.

 

MAF Stewardship Range

*The Fund’s sustainability and volatility aims may mean achieving a lower financial return than if the Fund did not have a sustainability or volatility objective.

**MAF Stewardship range (Funds I to IV): the volatility of each Fund is measured against a defined Volatility Index – made up of a global equity index and a global bond index, with the split between each index varying per Fund to reflect each Fund’s typical asset mix. Volatility is measured on an annualised basis, over 3-year rolling periods, using the volatility figures as at the end of each week. The Fund’s sustainability and volatility aims may mean achieving a lower financial return than if they did not have a sustainability or volatility objective.

Global equity index= MSCI© All Country World Index (Net) GBP

Global bond index= Bloomberg© Global Aggregate Bond Index Hedged GBP

 

Carefully curated

MAF Stewardship is part of a range of multi-asset solutions offered by Aviva Investors. Learn more about our different multi-asset funds.

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Key risks of multi-asset funds

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

Investment/objective risk

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.

Currency risk

The fund is exposed to different currencies. Derivatives are used to minimise, but may not always eliminate, the impact of movements in currency exchange rates.

Emerging markets risk

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

Sustainable investing risk

The level of sustainability risk to which the Fund is exposed, and therefore the value of its investments, may fluctuate depending on the investment opportunities identified by the Investment Manager. Investing based on sustainability criteria may limit investment choices and performance may not align with funds with a broader investment policy.

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 have some degree of unpredictability (especially in unusual market conditions) and may not perform as expected, and can create losses for the funds' significantly greater than the cost  of the derivative itself.

Equities risk

Equities can lose value rapidly, can remain at low prices indefinitely, and generally involve higher risks — especially market risk — than bonds or money market instruments. Bankruptcy or other financial restructuring can cause the issuer's equities to lose most or all of their value.

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.

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.

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.

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.

Leverage Markets risk

A small price decline on a "leveraged" underlying investment will create a correspondingly larger loss for the Fund. A high overall level of leverage and/or unusual market conditions could create significant losses for the Fund.

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.

Multi-asset fund range team

  • Sunil Krishnan

    Head of Multi-Asset

  • Dean Cook

    Multi Asset Fund Manager - Multi-Asset and Macro

  • Sotirios Nakos

    Head of Multi-asset Portfolio Management

  • Shane O'Brien

    Head of Investment Specialists (Public and Private markets)

  • Thomas Stokes

    Investment Director, Multi-Asset

    • Latest responsible investment thinking

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    MAF Plus

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

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    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.

    Past performance is not a guide to the future. Nothing in this material, including any references to specific securities, assets classes and financial markets is intended to or should be construed as advice or recommendations of any nature. This material is not a recommendation to sell or purchase any investment.

    The Aviva Investors MAF Stewardship funds comprise four funds: Aviva Investors Multi-asset Stewardship Fund I (“MAF S I”), the Aviva Investors Multi-asset Stewardship Fund II (“MAF S II”), the Aviva Investors Multi-asset Stewardship Fund III (“MAF S III”) and the Aviva Investors Multi-asset Stewardship Fund IV (“MAF S IV”).

    MAF Stewardship funds are sub-funds of the Aviva Investors Portfolio Funds ICVC.

    For further information please read the latest Key Investor Information Documents and Supplementary Information Documents. The Prospectuses 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 and Wales 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.

    Note: MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. 

    Source: Bloomberg® and Bloomberg® Global Aggregate Bond Index Hedged GBP (the “Benchmark” or the “Index”) are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited (“BISL”), the administrator of the index (collectively, “Bloomberg”) and have been licensed for use for certain purposes by Aviva Investors UK Fund Services Limited. Bloomberg is not affiliated with Aviva Investors UK Fund Services Limited and Bloomberg does not approve, endorse, review, or recommend the MAF Stewardship Funds. Bloomberg does not guarantee the timeliness, accurateness or completeness of any data or information relating to the MAF Stewardship Funds.