Aviva Investors - Global Equity Endurance Fund I USD Acc

ISIN

LU1401110405

Asset class

Equity

NAV

264.18 USD (as at 24/02/2026)

View all funds

Fund overview

 

Objective: To increase the value of the Shareholder's investment over the long term (5 years or more).

 

Investments: The Fund invests principally in a concentrated portfolio of equities of companies from anywhere in the world that are regarded as leading companies in their respective markets. These companies include emerging market companies.

The Investment Manager actively makes the investment selection decisions for the Fund.

 

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

Share class currency
USD
Return type (Inc / Acc)
Accumulation
Share class
I
Minimum Investment
USD 250,000
Fund size (as at 24/02/2026)
USD 124.01m
Share class inception date
21/11/2016
Fund launch date
21/11/2016
Performance benchmark
MSCI ACWI NR USD
Fund volatility
7.56
Benchmark volatility
8.91
SFDR
Article 8
IA Sector
-
Distribution dates
-
Income distribution frequency
-
Latest dividend
-

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.

0.00%

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 24/02/2026)
264.18
Daily change
0.64%
12 Months NAV high (as at 13/01/2026)
270.12
12 Months NAV low (as at 09/04/2025)
219.73
Valuation frequency
Daily
ISIN
LU1401110405
SEDOL
BD6SR74
MEXID
YAXAB
Bloomberg
AISGCFI LX

Cumulative performance

Source: Morningstar

Past performance is not a guide to future performance
Performance basis: Mid to mid, in the share class reference currency, gross of tax payable by the Fund with income reinvested. Net figures are net of ongoing charges and fees. Net and Gross performance does not include the effect of any exit or entry charge.

The Fund's performance is compared against the MSCI All Countries World Index (the “Benchmark” or the “Index”).

For further information on Sustainability Risk please refer to the Sustainable Finance Disclosure section

Fund commentary

Summary review (as at January 2026)

Equities recovered from early tariff-related volatility to end the month little changed in sterling terms. Emerging markets outperformed developed markets.

Fees and expenses

Fees %

Entry charge (max.) Entry charge (max.)

Entry charge (max.)

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”.

 5.00

Exit charge (max.) Exit charge (max.)

Exit charge (max.)

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.

 0.92

Management Fee (max.) (included in Ongoing charge) Management Fee (max.)

Management Fee (max.)

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.

 0.75

Performance fee (max.) Performance fee (max.)

Performance fee (max.)

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 31/01/2026)

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.

 -10.06 -5.45 -2.84

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.

 0.63 0.87 0.94

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.

 -3.94 -1.54 -0.57

Correlation (%)

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

 76.66 77.30 79.64

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.

 0.02 0.57 0.38

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.

 6.38 10.75 14.65

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.

 4.48 5.31 6.65

* The Fund is expected to have an average yearly tracking error of between 3% and 8% when compared to the Index.

Read more about Stock style Stock style (as at 31/01/2026)

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.

Pie chart

Asset Allocation (as at 31/01/2026)

Bar chart

Asset Allocation (as at 31/01/2026)

Aviva Investors - Emerging Markets Bond Fund Iyh GBP Acc Portfolio stats
Name Maturity Country Fund (%)
1 Alphabet Inc Class C - USA 8.66
2 NVIDIA Corp - USA 6.36
3 Microsoft Corp - USA 4.57
4 Taiwan Semiconductor Manufacturing Co Ltd ADR - TWN 4.02
5 Broadcom Inc - USA 3.54
6 Safran SA - FRA 3.50
7 Advantest Corp - JPN 3.10
8 Visa Inc Class A - USA 2.95
9 Hilton Worldwide Holdings Inc - USA 2.76
10 Moodys Corp - USA 2.75

Risks

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

Illiquid Securities Risk
Some investments could be hard to value or to sell at a desired time, or at a price considered to be fair (especially in large quantities). As a result their prices can be volatile.

Concentration Risk
Investments can be made in a small portfolio of securities. Losses from a single investment may be more detrimental to the overall performance than if a larger number of investments were made.

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

    Société d'investissement à Capital Variable

  • Head office

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

  • Ucits

    Yes

Fund managers

Fund manager

Richard Saldanha

Manager start date

18 Jan 2021

Biography

Richard is the co-portfolio manager of the Global Equity Income and Global Equity Endurance Strategies and has analyst coverage of the Healthcare sector. Richard joined Aviva Investors in 2006 and has been managing a range of global portfolios since 2009. Before joining Aviva Investors, Richard worked for Punter Southall & Co in an actuarial internship role. Richard holds a Masters in Chemistry from the University of Oxford. He also holds the UKSIP Investment Management Certificate. Richard managed the portfolio from the start date indicated until August 2024, before a brief period away from the business. He resumed management of the Fund on 27 May 2025.

Fund manager

Max Burns

Manager start date

8 Aug 2024

Biography

Max is co-portfolio manager of the Aviva Investors Climate Transition Global Equity Strategy and interim co-portfolio manager for the Aviva Investors Global Equity Endurance Strategy. He is also Head of Equity Research and has analyst coverage within the Industrials sector hub. Max has over 30 years of industry experience. Prior to joining Aviva Investors, Max worked at Sarasin & Partners in London. He has also held positions at Alliance Bernstein and Invesco. At Alliance Bernstein, Max was U.S. Sector Head, responsible for the industrial sleeves of two U.S. equity funds; covering U.S. aerospace & defence, capital goods, air freight, railroads, and lodging. At Invesco, Max was an Equity Analyst, covering U.S. capital goods and a U.S. midcap equity portfolio manager. Max holds a BA from Vanderbilt University and an MBA from Georgia State University.

Fund manager

Temidayo Oni-lyiola

Manager start date

8 Aug 2024

Biography

Based within the Global Equities team, Temidayo is the Industrials sector hub lead, and interim co-portfolio manager on the Aviva Investors Global Equity Endurance Strategy. Temidayo started his career at Deloitte in a management advisory capacity. After nearly 5-years, Temidayo moved to Alquity Investment Management where he held Analyst and Co-Portfolio Manager roles in Global Emerging Markets. Temidayo then joined Aviva Investors in December 2020 initially as an Analyst before also becoming Assistant Portfolio Manager on Aviva Investors Global Emerging Market and Global Equity Endurance Strategies. Temidayo holds a BSc in Biomedical Science from the University of Hull and is a CFA Charterholder and an ICAEW member.

Registered countries

  • Austria
  • Switzerland
  • Germany
  • Finland
  • Liechtenstein
  • Luxembourg
  • Netherlands
  • Norway
  • Sweden

Documents

View the fund range legal documents here.

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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