Aviva Investors Multi-Asset Income Fund 1 GBP Inc

ISIN

GB0030442213

Asset class

Multi Asset

NAV

189.81 GBX (as at 31/03/2026)

View all funds

Fund overview

Objective: The Fund aims to: 1) deliver an income return in excess of the Index over any given 3-year period (before charges and taxes); and 2) grow your investment and provide an average annual net return greater than the Index over rolling 5-year periods. Benchmark: 30% MSCI AC World Index, 20% Bloomberg Global High Yield Total Return Value Index (Hedged GBP) and 50% Bloomberg Global Aggregate Corporate Total Return Index (Hedged GBP).

 

Investments: At least 60% of the Fund is invested in bonds issued by companies, governments or supranational organisations and denominated in Sterling or hedged to Sterling. A minimum of 80% of bond holdings are investment grade. The Fund may also invest in shares, other funds, cash, and deposits. The Fund may use derivatives for efficient portfolio management or reducing risk.

 

Strategy: The Fund is actively managed. The Investment Manager makes investment decisions at both security and sector levels to assemble a high-conviction portfolio of securities that appear to offer sustainable income and long-term growth prospects.

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

Share class currency
GBP
Return type (Inc / Acc)
Income
Share class
1
Minimum Investment
GBP 1,000
Fund size (as at 31/03/2026)
GBP 129.93m
Share class inception date
20/06/1974
Fund launch date
20/06/1974
Performance benchmark
30% MSCI AC World Index 20% Bloomberg Global High Yield Total Return Value Index 50% Bloomberg Global Aggregate Corporate Total Return Index (Hedged GBP)
Fund volatility
4.00
Benchmark volatility
-
SFDR
-
IA Sector
Mixed Investment 20-60% Shares
Distribution dates
16/03/2026
Income distribution frequency
Monthly
Latest dividend
0.01

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.

4.49%

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)*
4.47%
Benchmark Income (gross of charges and taxes)*
2.46%

*The Fund aims to deliver an income in excess of the benchmark over any given 3-year period.

Trading currency
GBX
NAV (as at 31/03/2026)
189.81
Daily change
-0.28%
12 Months NAV high (as at 27/02/2026)
199.64
12 Months NAV low (as at 09/04/2025)
183.97
Valuation frequency
Daily
ISIN
GB0030442213
SEDOL
3044221
MEXID
ASHY
Bloomberg
CUPHIYI LN

Cumulative performance

Source: Morningstar

Past performance is not a guide to future performance
Basis: Mid to mid, net income reinvested, net of ongoing charges and fees, in the share class reference currency and net of tax payable by the Fund. For full details of the benchmark please see the PDF factsheet.

The Fund's performance is compared against 30% MSCI AC World Index, 20% Bloomberg Global High Yield Total Return Value Index (Hedged GBP) and 50% Bloomberg Global Aggregate Corporate Total Return Index (Hedged GBP).

The Fund made changes to the Investment objectives on 24th September 2024. The past performance prior to this date was measured against different performance targets. The Funds previous performance target was a combination of 35% of the FTSE® All-Share Index and 65% of a composite index comprising 50% ICE BofA Single-A Sterling Non-Gilt Index and 50% ICE BofA BBB Sterling Non-Gilt Index. Fund's performance not available between inception date and 30/12/1996. The Benchmark performance is not available from the launch date of this share class.

Fund commentary

Summary review (as at February 2026)

Fund returns were positive in February as both bond and equity markets made gains. Risk appetite remained resilient despite heightened geopolitical uncertainty.

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.

 0.80

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.

 0.80

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 28/02/2026)

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.

 -0.30 -0.72 -1.31

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.

 0.87 0.91 1.00

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.

 -0.99 -0.66 -0.79

Correlation (%)

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

 95.69 91.57 95.53

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.

 0.99 0.42 -0.05

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.

 3.85 5.30 8.27

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 1.62 1.73

* The Fund is expected to have an average yearly tracking error of between 1.25% and 3.75% when compared to 30% MSCI AC World Index, 20% Bloomberg Global High Yield Total Return Value Index (Hedged GBP) and 50% Bloomberg Global Aggregate Corporate Total Return Index (Hedged GBP).

Stock style

Read more about Stock style Stock style (as at 28/02/2026)

The Equity style box classifies holdings into market capitalization on the vertical axis (company size) and investment style on the horizontal axis (growth or value). This graphical representation is determined by attributing an investment style to each underlying holding, which is then summarised here for the overall fund.
A well-diversified fund doesn't necessarily require holdings across all styles, however, exposure across the Style Box does represent greater diversification.
Legend:
Val: Value
Core: Core
Gwt: Growth

Large: Group that accounts for the top 70% of the capitalization of the Morningstar domestic stock universe.
Medium: Group that accounts for the next 20% of the capitalization of the Morningstar domestic stock universe.
Small: Group that accounts for the bottom 10% of the capitalization of the Morningstar domestic stock universe.

Fixed Income Style

Read more about Fixed Income Style Fixed Income Style (as at 28/02/2026)

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 28/02/2026)

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

AAA

-0.21

BB

0.0

AA

0.0

B

0.0

A

0.0

Below B

0.07

BBB

0.0

Not Rated

100.14

Bond statistics

Read more about Interest Rate Risk Interest Rate Risk(as at 28/02/2026)

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.

-

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.

3.50732

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.

B

Pie chart

Asset Allocation (as at 28/02/2026)

Bar chart

Asset Allocation (as at 28/02/2026)

Aviva Investors - Emerging Markets Bond Fund Iyh GBP Acc Portfolio stats
Name Maturity Country Fund (%)
1 Aviva Investors Gl InvmGrdCorpBd Zmh£Inc - LUX 18.93
2 Aviva Investors Gl InvmGrdCorpBd Zyh£Acc - LUX 14.93
3 Aviva Investors Ster Corp Bond 8 £ Acc - GBR 14.89
4 Aviva Investors Global HY Bd Zmh GBP Inc - LUX 12.39
5 Aviva Investors Global Eq Inc Zq £ - LUX 11.78
6 Aviva Investors Global Eq Inc 8 GBP Inc - GBR 6.16
7 Aviva Investors UK Listed Eq Inc 8 £ Inc - GBR 5.07
8 Aviva Fds Emerg Markets Bond Zmh Inc GBP - LUX 5.00
9 iShares NASDAQ 100 ETF USD Acc - IRL 4.72
10 Aviva Investors ShrtDurGlHYBd Zmh GBPInc - LUX 2.49

Risks

Investment 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.

Convertible Securities Risk
Convertible bonds can earn less income than comparable debt securities and less growth than comparable equity securities, and carry a high level of risk.

Credit 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
The Fund uses derivatives, these can be complex and highly volatile. Derivatives may not perform as expected meaning the Fund may suffer significant losses.

Illiquid Securities Risk
Certain assets held in the Fund could 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.

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

Ongoing Charges

This Share Class integrates Economies of Scale discounts to the Fund Management Fee (“FMF”) which is a component of the Ongoing Charge Figure. Consequently, when a Fund reaches a certain size (a pre-defined “trigger point”) a discount will automatically apply to the FMF. However, at all other times the FMF will be charged at the rate as set out in the Fund's prospectus. For further details on the Economies of Scale discounts and the trigger points at which they apply, please refer to the Fund's prospectus.

Management

  • Company name

    Aviva Investors UK Fund Services Limited

  • Legal structure

    Open Ended Investment Company

  • Head office

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

  • Ucits

    Yes

Fund managers

Fund manager

Sotirios Nakos

Manager start date

25 Apr 2025

Biography

Sotirios joined Aviva Investors as an Assistant Fund Manager in the Multi-Asset team, before moving into the fund management role. Before joining, Sotirios completed internships with PwC and Crowe Horwath. Prior to this, he served in the Greek army for a year. Sotirios holds a Bachelor’s degree in Accounting and Finance from Athens University of Economics and Business, and an MSc in Finance from London School of Economics. He is also a CFA® charterholder.

Fund manager

Harriet Ballard

Manager start date

1 Aug 2024

Biography

Working in the Investment Strategy team, Harriet contributes to the formation of the ‘House View’ and the idea generation process supporting the AIMS fund range. Prior to joining Aviva, Harriet worked for 4 years at a Macro Hedge Fund, COMAC Capital as a Multi-asset strategist reporting into the CIO. Previously Harriet also worked as a research analyst in the Macro Strategy team at Nomura. Harriet has a BSc in Economics from the University of Bath.

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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