Aviva Investors US Dollar Liquidity Fund 3 Inc

ISIN

IE00BJX8L117

Asset class

Money Market

NAV

1,00 USD (as at 25/02/2026)

View all funds

Fund overview

Objective: The investment objective of the Sub-Fund is to offer returns in line with money market rates and preserve the value of the investment. The performance of the Sub-Fund will be benchmarked against the Secured Overnight Financing Rate (SOFR). The Aviva Investors US Dollar Liquidity Fund is a Short-Term Low-Volatility Net Asset Value (LVNAV) Money Market Fund allowing shares to be bought, sold and paid for on every dealing day.

Investments: The sub-fund will normally invest in low risk short term debt and debt related securities and money market instruments issued or guaranteed by governments, international bodies, banks and companies. Such securities could include fixed or floating rate instruments including but not limited to commercial paper, term deposits, floating rate notes, certificates of deposit, freely transferable promissory notes, debentures, asset-backed securities and bonds. These can be issued from markets around the world but will be priced in USD.

Strategy: The Sub-Fund is actively managed. The Investment Manager uses credit and interest rate analysis to assemble a highly liquid portfolio of securities while seeking to maximise yields. The weighted average maturity of the fund’s investments will not exceed 60 days and in any event the Sub-Fund's investments will have a residual maturity until the legal redemption date not exceeding 397 days. The weighted average life of the Sub-Fund's investments will not exceed 120 days. The Sub-Fund may invest up to 10% of its Net Asset Value in other Short Term Money Market Funds. The Investment Manager intends, where possible, to manage the Fund according to its classification as a short-term money market fund and the restrictions imposed by recognised rating agencies in order to maintain an overall credit rating of Aaa.

Full details of the Fund’s Objective & Investment Policy are available on our website and prospectus.

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

Share class currency
USD
Return type (Inc / Acc)
Income
Share class
3
Minimum Investment
USD 100.000.000
Fund size (as at 25/02/2026)
USD 1,33b
Share class inception date
12/02/2020
Fund launch date
12/02/2020
Performance benchmark
Secured Overnight Financing Rate(SOFR)
Fund volatility
-
Benchmark volatility
-
SFDR
Article 8
IA Sector
-
Distribution dates
30/01/2026
Income distribution frequency
Monthly
Latest dividend
0,00

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.

4,20%

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
USD
NAV (as at 25/02/2026)
1,00
Daily change
0,00%
12 Months NAV high (as at 25/02/2026)
1,00
12 Months NAV low (as at 25/02/2026)
1,00
Valuation frequency
Daily
ISIN
IE00BJX8L117
SEDOL
BJX8L11
MEXID
-
Bloomberg
AVUSDL3 ID

Fund commentary

Summary review (as at January 2026)

The US Federal Reserve (Fed) held interest rate steady at 3.5% to 3.75% at its first meeting of 2026 at the end of the month, despite pressure from President Trump to lower them. We maintained a strong liquidity profile in the fund. We primarily invested in short-term tenors with modest extensions to three months and one year.

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.

 0,10

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.

 0,10

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.

 -

Risks

Warning - Investment Risk & Currency Risk
The value of investments and the income from them will change over time. The Fund price may fall as well as rise and as a result you may not get back the original amount you invested.

Warning - Money Market Securities Risk
The Fund invests in money market instruments such as short term bank debt, the market prices/value of which can rise as well as fall on a daily basis. Their values are affected by changes in interest rates, inflation and any decline in creditworthiness of the issuer.

This is not a guaranteed investment, an investment in a Money Market Fund is different from an investment in deposits and can fluctuate in price meaning you may not get back the original amount you invested. This investment does not rely on external support for guaranteeing liquidity or stabilising the NAV per unit or share. The risk of loss of the principal is to be borne by the investor.

Warning - Sustainability Risk
The level of sustainability risk may fluctuate depending on which investment opportunities the Investment Manager identifies. This means that the fund is exposed to Sustainability Risk which may impact the value of investments over the long term.

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

Management

  • Company name

    Aviva Investors Luxembourg SA

  • Legal structure

    Open Ended Investment Company

  • Head office

    2, rue du Fort Bourbon,
    PO Box 1375,
    Luxembourg,
    Luxembourg,
    L-1249

  • Ucits

    Yes

Fund managers

Fund manager

Demi Angelaki

Manager start date

15 Nov 2022

Biography

Demi is responsible for managing Euro Liquidity strategies. Prior to joining Aviva Investors in 2018, Demi was a Liquidity Portfolio Manager and Trader at Blackrock in London. She started her career with Fortis Investments in 2005 as a Business Analyst, then joined the Money Markets team in Paris and London. Demi holds an MSc in Mathematics Applied to Economics from Paris-Dauphine University.

Fund manager

Richard Hallett

Manager start date

15 Nov 2022

Biography

Richard is the Head of Liquidity Funds portfolio management. He is the fund manager of the Aviva Investors Sterling Liquidity fund, Aviva Investors Government Liquidity fund, Aviva Pension Deposit Fund, and Aviva Life Deposit Fund. Richard joined the investment industry as a custody clerk in the operations department at Provident Mutual Life Assurance Association, which would ultimately become part of Aviva Investors. He worked through various operations roles before joining the Treasury desk in 1996 as Treasury dealer. Richard holds a BA (Hons) in Accounting and Finance. Since its launch in 2002 Richard has been responsible for running the Aviva Investors Sterling Liquidity fund. Richard was made Head of Liquidity portfolio management in 2018.

Registered countries

  • Austria
  • Germany
  • United Kingdom
  • Ireland
  • Luxembourg
  • Netherlands
  • Sweden

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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