{"annotation_id":"15ff4c46-ff45-4baf-9650-c7a626ec347c","file_hash":"d9e5d1cb6a7442b9f0b5001298f395f799d21ef2da18b60eb862bf1645c2d9ec","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.4.0","blocks":[{"id":"8ef8f7dd-f7e9-49f2-b700-afa994ea3093","block_type":"box","text":"Fund overview","page_number":1,"box":{"x":73,"y":160,"width":105,"height":8}},{"id":"eab67c53-ffbe-4338-acc7-473163c26dc6","block_type":"box","text":"Objective:","page_number":1,"box":{"x":73,"y":177,"width":57,"height":8}},{"id":"240b060c-e565-4a6d-baf4-632b95e52165","block_type":"box","text":"To deliver a positive return over rolling three-year periods","page_number":1,"box":{"x":134,"y":177,"width":311,"height":9}},{"id":"26c80e9d-fc04-482b-b8f1-fde51d2a9312","block_type":"box","text":"regardless of the prevailing stock market environment. The Fund aims to","page_number":1,"box":{"x":73,"y":188,"width":391,"height":9}},{"id":"03a1f273-2a03-4183-a765-34e77a8760fd","block_type":"box","text":"generate a positive return, on average 3% per annum above the Bank of","page_number":1,"box":{"x":73,"y":199,"width":387,"height":9}},{"id":"18e7eecf-18ec-4a3f-9f47-d4e75bc4a1a7","block_type":"box","text":"England Base Rate before the deduction of charges, over rolling three-year","page_number":1,"box":{"x":73,"y":210,"width":403,"height":9}},{"id":"a5cd36e1-d076-4f1f-8841-775998350580","block_type":"box","text":"periods. In seeking to target this level of return the Fund also aims to","page_number":1,"box":{"x":73,"y":222,"width":370,"height":8}},{"id":"dfc1e4ae-dcb3-4552-9da4-56100fc336d5","block_type":"box","text":"manage volatility to a target of less than half the volatility of global","page_number":1,"box":{"x":73,"y":233,"width":360,"height":9}},{"id":"8ddecb53-b221-490a-a214-e38225b4c30d","block_type":"box","text":"equities, measured over the same rolling three-year periods. These aims,","page_number":1,"box":{"x":73,"y":244,"width":393,"height":9}},{"id":"bdd48a42-0931-43a5-9e87-89363cb0f623","block_type":"box","text":"however, are not guaranteed and it may not always be possible to achieve","page_number":1,"box":{"x":73,"y":255,"width":399,"height":9}},{"id":"cb1af422-e8d4-4de3-a8d0-597334b4b555","block_type":"box","text":"positive returns or to achieve the target level of volatility over rolling three\u0002","page_number":1,"box":{"x":73,"y":266,"width":404,"height":9}},{"id":"6b51f524-a7ae-4718-bdbc-0dac1fc06144","block_type":"box","text":"year periods, or over any period of investment. Consequently, investors'","page_number":1,"box":{"x":72,"y":277,"width":389,"height":9}},{"id":"5a625d2c-aebc-4a67-9376-86ffa153b232","block_type":"box","text":"capital is at risk.","page_number":1,"box":{"x":73,"y":289,"width":86,"height":8}},{"id":"84b1f0c2-446b-4e6d-90d3-ae74574b79e2","block_type":"box","text":"Investments:","page_number":1,"box":{"x":73,"y":306,"width":74,"height":7}},{"id":"6ff916ce-7737-41e0-8c49-ee4ec22f057b","block_type":"box","text":"The Fund invests across a broad range of global asset classes","page_number":1,"box":{"x":151,"y":306,"width":328,"height":9}},{"id":"1af1deb9-e80c-4fc8-aa18-070d5d3a7108","block_type":"box","text":"(including emerging markets) that may include shares, bonds, cash,","page_number":1,"box":{"x":73,"y":317,"width":365,"height":9}},{"id":"2adce4ce-2e7c-4088-9413-74d664a7b63e","block_type":"box","text":"commodities, indirect property, and currencies. Other funds may also be","page_number":1,"box":{"x":73,"y":328,"width":392,"height":9}},{"id":"e54d837f-7944-4ca7-ab84-0b3e60f97a2a","block_type":"box","text":"used to gain exposure to these asset classes. The Fund will make significant","page_number":1,"box":{"x":73,"y":339,"width":407,"height":9}},{"id":"c7928ecf-aa73-4653-971d-765f289d582b","block_type":"box","text":"use of derivative instruments for investment purposes.","page_number":1,"box":{"x":73,"y":350,"width":295,"height":9}},{"id":"c7e0956c-d0fb-4dac-9170-f7a11b04abca","block_type":"box","text":"Strategy:","page_number":1,"box":{"x":73,"y":383,"width":51,"height":8}},{"id":"c2fd95ca-6655-4750-bff2-1cea2ac8e2d6","block_type":"box","text":"The Investment Manager actively combines strategies to seek","page_number":1,"box":{"x":125,"y":382,"width":332,"height":9}},{"id":"7e47f6a7-526f-4fa9-9384-fdf6c17da8a8","block_type":"box","text":"advantage from market","page_number":1,"box":{"x":73,"y":393,"width":126,"height":9}},{"id":"d075db59-54da-47c6-80f7-c0fa3c8b797e","block_type":"box","text":"inefficiencies","page_number":1,"box":{"x":203,"y":393,"width":70,"height":7}},{"id":"86a28b7c-1f75-48f5-b576-c6dc06a7243b","block_type":"box","text":"taking both long and short positions","page_number":1,"box":{"x":277,"y":393,"width":196,"height":9}},{"id":"d8ceb4c8-ef9a-4cdb-bfd4-c3ebb1ddc476","block_type":"box","text":"on companies and indices.","page_number":1,"box":{"x":73,"y":405,"width":143,"height":8}},{"id":"e675d12b-b402-4a94-aa1a-55b863792174","block_type":"box","text":"On 23 December 2025, the fund performance target was changed to the Bank of","page_number":1,"box":{"x":73,"y":422,"width":376,"height":8}},{"id":"b82f1399-3386-43e6-bbe2-0b3f25a11921","block_type":"box","text":"England base rate +3%. Historic performance prior to this date reflects the previous","page_number":1,"box":{"x":73,"y":433,"width":393,"height":8}},{"id":"1e1ed1dd-045d-484a-ac62-f93a7142789b","block_type":"box","text":"target of the Bank of England base rate +5%.","page_number":1,"box":{"x":72,"y":445,"width":209,"height":7}},{"id":"b9a1087f-e13e-48fd-a2f0-dfbf8144357e","block_type":"box","text":"Key facts","page_number":1,"box":{"x":73,"y":469,"width":63,"height":10}},{"id":"752c5c22-932f-4ca7-905d-9da9f746bb9e","block_type":"box","text":"Fund Managers","page_number":1,"box":{"x":73,"y":486,"width":82,"height":8}},{"id":"6f1f6050-8557-4109-8938-6d161149e504","block_type":"box","text":"*Ian Pizer","page_number":1,"box":{"x":331,"y":486,"width":56,"height":6}},{"id":"a1fbf625-5b50-4429-8095-e262b1c4605d","block_type":"box","text":"since 06/05/2021","page_number":1,"box":{"x":390,"y":486,"width":90,"height":8}},{"id":"633e5aca-b447-48ac-9c85-48e8f33a95ad","block_type":"box","text":"Patrick Bartholet","page_number":1,"box":{"x":289,"y":497,"width":97,"height":7}},{"id":"ab3d3da5-2ec4-4504-92e3-e94a8407df4c","block_type":"box","text":"since 31/01/2026","page_number":1,"box":{"x":390,"y":497,"width":90,"height":8}},{"id":"5cf78505-7ef2-4717-aff6-3900341e2129","block_type":"box","text":"Ralph Maison","page_number":1,"box":{"x":311,"y":508,"width":75,"height":8}},{"id":"7284f140-2e7e-4022-8bbe-a83f9772b40a","block_type":"box","text":"since 31/01/2026","page_number":1,"box":{"x":390,"y":508,"width":90,"height":8}},{"id":"57784d9c-ef50-421f-8c5f-d1b642550f00","block_type":"box","text":"Legal Form","page_number":1,"box":{"x":73,"y":520,"width":58,"height":9}},{"id":"292bc058-8ff8-46d9-ae5c-1d0b43d8ed17","block_type":"box","text":"Open Ended Investment Company","page_number":1,"box":{"x":286,"y":520,"width":195,"height":8}},{"id":"a4b073a9-afb4-4fa8-a20f-ee1ca07ba739","block_type":"box","text":"Domicile","page_number":1,"box":{"x":73,"y":533,"width":47,"height":7}},{"id":"6257137f-495e-4315-8504-0b43631d5167","block_type":"box","text":"United Kingdom","page_number":1,"box":{"x":389,"y":533,"width":91,"height":8}},{"id":"f12d5ccb-d60d-4b82-b0b6-ec0d07d3a22a","block_type":"box","text":"Share Class Inception Date","page_number":1,"box":{"x":73,"y":546,"width":143,"height":8}},{"id":"1f5e939a-767c-4d4b-a1c9-90321bd77e4f","block_type":"box","text":"01/07/2014","page_number":1,"box":{"x":417,"y":546,"width":64,"height":8}},{"id":"81205f7e-df29-4c8d-a671-1c984521e9f4","block_type":"box","text":"Fund launch date","page_number":1,"box":{"x":73,"y":558,"width":93,"height":7}},{"id":"dd9161aa-ee72-49f7-af4a-59df05433962","block_type":"box","text":"01/07/2014","page_number":1,"box":{"x":417,"y":559,"width":64,"height":8}},{"id":"58f67bc8-73eb-4e9d-9a48-fd79acd480c1","block_type":"box","text":"Hedged Share Class Flag","page_number":1,"box":{"x":73,"y":571,"width":132,"height":9}},{"id":"6890e1ed-4163-4169-bab4-9e52b6729882","block_type":"box","text":"No","page_number":1,"box":{"x":466,"y":572,"width":15,"height":6}},{"id":"730d1113-a85e-4654-8005-10ed9e0c4f4c","block_type":"box","text":"Entry Fees (max.)","page_number":1,"box":{"x":73,"y":584,"width":92,"height":9}},{"id":"3c22fd5d-02e0-4835-a013-1857fdb20dd8","block_type":"box","text":"None","page_number":1,"box":{"x":452,"y":585,"width":28,"height":6}},{"id":"7d34f7ed-1e11-4f03-8a03-b7b63f3e2224","block_type":"box","text":"Exit Charge","page_number":1,"box":{"x":73,"y":597,"width":60,"height":9}},{"id":"379d0e68-a0ce-44dc-90a9-a69142f8d1cf","block_type":"box","text":"None","page_number":1,"box":{"x":452,"y":597,"width":28,"height":7}},{"id":"16130d6e-b9c4-4f39-8c3f-388b7a1c29bb","block_type":"box","text":"Ongoing Charges","page_number":1,"box":{"x":73,"y":610,"width":92,"height":8}},{"id":"54b79dcb-bc4d-42f7-b28f-3c58d3b588a5","block_type":"box","text":"0.85% (as at 30/06/2026)","page_number":1,"box":{"x":340,"y":610,"width":140,"height":8}},{"id":"08740b6b-3439-451d-89da-233b55c31df1","block_type":"box","text":"Fund Management Fee","page_number":1,"box":{"x":73,"y":623,"width":122,"height":8}},{"id":"4aa87cd9-1466-4abd-b0c3-2944bde4c1c5","block_type":"box","text":"0.85%","page_number":1,"box":{"x":446,"y":623,"width":35,"height":6}},{"id":"4d5bcf6e-0103-4bd3-a690-57f78a212789","block_type":"box","text":"Performance Fee (max.)","page_number":1,"box":{"x":73,"y":635,"width":127,"height":9}},{"id":"fc41bb63-0760-415b-8eec-a05e490bf111","block_type":"box","text":"None","page_number":1,"box":{"x":452,"y":636,"width":28,"height":6}},{"id":"acb54c81-41c8-49e9-a7a0-2fe138ecb9a1","block_type":"box","text":"Performance benchmark","page_number":1,"box":{"x":85,"y":647,"width":134,"height":7}},{"id":"126cce0e-ab72-4ab7-9428-50a0ccfe8475","block_type":"box","text":"Bank of England Base Rate +3%","page_number":1,"box":{"x":302,"y":647,"width":179,"height":9}},{"id":"42cc34ce-e86f-43fc-bafd-61916c7453f8","block_type":"box","text":"Volatility benchmark","page_number":1,"box":{"x":84,"y":659,"width":113,"height":8}},{"id":"626778c4-2732-4995-bc59-f8d9d3ba954f","block_type":"box","text":"MSCI® All Country World Index","page_number":1,"box":{"x":308,"y":658,"width":173,"height":9}},{"id":"49d45fb1-4c6e-43b5-b797-fefe2cbd17e1","block_type":"box","text":"Risk measurement","page_number":1,"box":{"x":73,"y":683,"width":133,"height":8}},{"id":"b16fe624-70ef-4afd-8345-16f88d1136d2","block_type":"box","text":"(As at 31st Jul 2026)","page_number":1,"box":{"x":210,"y":684,"width":106,"height":9}},{"id":"78894f88-afba-45a9-9197-6c4bf351532a","block_type":"box","text":"1","page_number":1,"box":{"x":98,"y":706,"width":7,"height":9}},{"id":"c51e9c6a-2f86-487f-aee5-e216e6523a76","block_type":"box","text":"2","page_number":1,"box":{"x":156,"y":706,"width":8,"height":9}},{"id":"89afeeb5-d402-4a82-9a0c-352ac7366397","block_type":"box","text":"3","page_number":1,"box":{"x":214,"y":706,"width":8,"height":9}},{"id":"a2c447d7-cc68-4c5c-aed6-b22f4841790a","block_type":"box","text":"4","page_number":1,"box":{"x":270,"y":703,"width":13,"height":13}},{"id":"d0832274-7034-4a4e-b4a5-fd268887b186","block_type":"box","text":"5","page_number":1,"box":{"x":331,"y":706,"width":8,"height":9}},{"id":"365f8848-a5bf-451c-bbc3-3f66f12a4ada","block_type":"box","text":"6","page_number":1,"box":{"x":390,"y":706,"width":7,"height":9}},{"id":"349f82c6-f391-4d61-b1f8-a249e4cb23d1","block_type":"box","text":"7","page_number":1,"box":{"x":448,"y":706,"width":8,"height":9}},{"id":"4416fad5-4915-49f6-9d6e-59337f495042","block_type":"box","text":"Lower risk","page_number":1,"box":{"x":73,"y":737,"width":59,"height":7}},{"id":"7bf26482-d447-4151-ae1f-160439c582cd","block_type":"box","text":"Higher risk","page_number":1,"box":{"x":419,"y":737,"width":62,"height":9}},{"id":"0c77d539-2e7b-467c-a897-ce72fb62cf72","block_type":"box","text":"Potentially lower returns","page_number":1,"box":{"x":73,"y":748,"width":133,"height":9}},{"id":"66ad04fe-972d-4f4c-b2e3-87a930a0acfe","block_type":"box","text":"Potentially higher returns","page_number":1,"box":{"x":344,"y":748,"width":136,"height":9}},{"id":"563bd14f-6e11-4167-8029-92876deb5586","block_type":"box","text":"The indicator is based on historical data and may not be a reliable","page_number":1,"box":{"x":73,"y":766,"width":355,"height":9}},{"id":"81353b2c-ce9e-4d3d-8b59-b7c8a5f10f2c","block_type":"box","text":"indication of the future risk profile. The category shown may change over","page_number":1,"box":{"x":73,"y":777,"width":395,"height":9}},{"id":"8d909b62-1d2b-45c7-8f87-1cd4ac615e91","block_type":"box","text":"time. The lowest category does not mean 'risk free'.","page_number":1,"box":{"x":72,"y":788,"width":277,"height":9}},{"id":"df0fb29e-91bd-4be5-b6c3-282fa0d05f0c","block_type":"box","text":"Performance","page_number":1,"box":{"x":519,"y":160,"width":91,"height":8}},{"id":"82c5a867-907e-44f7-b8f9-dea3d3fbede7","block_type":"box","text":"Cumulative","page_number":1,"box":{"x":683,"y":177,"width":66,"height":7}},{"id":"ff7923db-7b7a-4092-8ad7-2e9060c0622b","block_type":"box","text":"(%)","page_number":1,"box":{"x":756,"y":177,"width":16,"height":8}},{"id":"53cd7c7d-0483-4adb-a14b-e30ad81273f2","block_type":"box","text":"Annualised","page_number":1,"box":{"x":836,"y":177,"width":63,"height":7}},{"id":"d34d62ad-b3bb-47db-9bbe-0245bc484ce0","block_type":"box","text":"(%)","page_number":1,"box":{"x":907,"y":177,"width":16,"height":8}},{"id":"91445cae-5074-49ce-b96d-c8152523a3d6","block_type":"box","text":"1M","page_number":1,"box":{"x":621,"y":200,"width":11,"height":5}},{"id":"c6703c94-3882-43f0-b7df-fe2e7a2ed3d1","block_type":"box","text":"3M","page_number":1,"box":{"x":659,"y":200,"width":12,"height":5}},{"id":"3d1f75c8-2149-4157-a066-82e06943f145","block_type":"box","text":"6M","page_number":1,"box":{"x":698,"y":200,"width":11,"height":5}},{"id":"6bec3d6d-e7b9-470c-a180-42f985b95b72","block_type":"box","text":"YTD","page_number":1,"box":{"x":732,"y":200,"width":17,"height":5}},{"id":"9690f484-8b75-4bfc-b608-849fd9893bec","block_type":"box","text":"1Y","page_number":1,"box":{"x":774,"y":200,"width":9,"height":5}},{"id":"982059d4-b759-4f7b-bd6c-d4132dd78650","block_type":"box","text":"5Y","page_number":1,"box":{"x":817,"y":200,"width":10,"height":5}},{"id":"29155883-3d08-4ac8-b422-423c8334956c","block_type":"box","text":"10Y","page_number":1,"box":{"x":851,"y":200,"width":15,"height":5}},{"id":"25bb84cb-a404-48df-bf83-8d0ea09d59f7","block_type":"box","text":"Since","page_number":1,"box":{"x":899,"y":196,"width":22,"height":5}},{"id":"b64306a9-a843-47bc-872b-82ced6267fe5","block_type":"box","text":"inception","page_number":1,"box":{"x":882,"y":203,"width":39,"height":7}},{"id":"38f32243-c8e8-4c8d-a167-9fe4af3fa1ef","block_type":"box","text":"Net","page_number":1,"box":{"x":531,"y":222,"width":17,"height":6}},{"id":"4af51601-aabf-43f1-82bd-ae7fc2673dd5","block_type":"box","text":"-0.66","page_number":1,"box":{"x":610,"y":222,"width":22,"height":6}},{"id":"9624d8aa-dc21-44c7-b3c9-110256ff3965","block_type":"box","text":"0.65","page_number":1,"box":{"x":652,"y":222,"width":19,"height":6}},{"id":"bcd70280-f10e-4a6f-8a0a-06e4f60f6754","block_type":"box","text":"-0.80","page_number":1,"box":{"x":687,"y":222,"width":23,"height":6}},{"id":"d5f529f9-4784-48c7-aa29-65b60c946a8f","block_type":"box","text":"0.70","page_number":1,"box":{"x":730,"y":222,"width":18,"height":6}},{"id":"0e964252-4db1-4c51-919f-911989cf9ba3","block_type":"box","text":"3.30","page_number":1,"box":{"x":763,"y":222,"width":19,"height":6}},{"id":"d74cddd3-e663-46e2-9ac8-1009198e389e","block_type":"box","text":"5.22","page_number":1,"box":{"x":807,"y":222,"width":19,"height":6}},{"id":"4ed4bd46-5df5-47ab-9ab3-d83e88e598d7","block_type":"box","text":"3.28","page_number":1,"box":{"x":846,"y":222,"width":19,"height":6}},{"id":"bfda9db0-8faa-433e-b643-54e846de0726","block_type":"box","text":"3.37","page_number":1,"box":{"x":902,"y":222,"width":19,"height":6}},{"id":"04e7a253-17ae-4eb8-8010-60bd5484cd37","block_type":"box","text":"Gross","page_number":1,"box":{"x":531,"y":243,"width":27,"height":6}},{"id":"933f2f3e-83c8-4031-b7c0-38423ec1dc34","block_type":"box","text":"-0.59","page_number":1,"box":{"x":610,"y":243,"width":22,"height":6}},{"id":"16c46a0b-7f3f-4381-beb2-bb2811c48b5a","block_type":"box","text":"0.87","page_number":1,"box":{"x":652,"y":243,"width":19,"height":6}},{"id":"753cddf5-3d62-49f2-89b1-cbc49d5e3990","block_type":"box","text":"-0.38","page_number":1,"box":{"x":687,"y":243,"width":23,"height":6}},{"id":"289da20e-e96d-456d-8dd6-26d848970764","block_type":"box","text":"1.20","page_number":1,"box":{"x":730,"y":243,"width":18,"height":6}},{"id":"a04c08c4-3f91-4525-b8ea-e47214fa642d","block_type":"box","text":"4.18","page_number":1,"box":{"x":763,"y":243,"width":19,"height":6}},{"id":"6953ad85-4c1b-42f2-aeec-4e48dcd841ff","block_type":"box","text":"6.11","page_number":1,"box":{"x":807,"y":243,"width":19,"height":6}},{"id":"780c169c-905c-4b6f-ab12-8f691cbdfed2","block_type":"box","text":"4.16","page_number":1,"box":{"x":846,"y":243,"width":19,"height":6}},{"id":"243b059b-4b42-4f55-967e-2f248f7594e3","block_type":"box","text":"4.25","page_number":1,"box":{"x":902,"y":243,"width":19,"height":6}},{"id":"39320c5f-6eb6-4216-8db9-b0ada5901a6b","block_type":"box","text":"Benchmark","page_number":1,"box":{"x":531,"y":264,"width":57,"height":6}},{"id":"c9cd2838-6289-45c6-bb76-828c109b9fa4","block_type":"box","text":"0.57","page_number":1,"box":{"x":613,"y":265,"width":19,"height":5}},{"id":"ba8e93a6-76f4-4981-95b7-0131a2a1bb32","block_type":"box","text":"1.69","page_number":1,"box":{"x":652,"y":265,"width":19,"height":5}},{"id":"7ac97b19-0045-4731-9e42-8687c4f752a5","block_type":"box","text":"3.35","page_number":1,"box":{"x":691,"y":265,"width":19,"height":5}},{"id":"94514ecb-79a5-4a79-81ca-c60ac95a4130","block_type":"box","text":"3.95","page_number":1,"box":{"x":729,"y":265,"width":19,"height":5}},{"id":"63b807a2-a7b4-4269-b7ae-5c2f0f597442","block_type":"box","text":"7.81","page_number":1,"box":{"x":763,"y":265,"width":19,"height":5}},{"id":"413322aa-8cbf-43b0-9a01-a9838ddac432","block_type":"box","text":"8.46","page_number":1,"box":{"x":807,"y":265,"width":19,"height":5}},{"id":"ba57766e-456f-4086-8cf6-fb77a87a6c6c","block_type":"box","text":"6.94","page_number":1,"box":{"x":846,"y":265,"width":19,"height":5}},{"id":"17f7bc18-61ec-414a-b848-92d07cdb49d3","block_type":"box","text":"6.69","page_number":1,"box":{"x":902,"y":265,"width":19,"height":5}},{"id":"04af45de-0da6-4a69-b528-f7a923d7c147","block_type":"box","text":"Past performance is not a guide to future performance.","page_number":1,"box":{"x":519,"y":286,"width":312,"height":9}},{"id":"ea4442dc-6d68-4e56-b4f1-2018da262c2a","block_type":"box","text":"Performance basis: Month end returns, Mid to mid, net income reinvested, net of","page_number":1,"box":{"x":519,"y":298,"width":380,"height":7}},{"id":"ae7658f0-5ed2-4245-ba0d-f3e2ced6d1b8","block_type":"box","text":"ongoing charges and fees, in the share class currency and net of tax payable by the","page_number":1,"box":{"x":519,"y":309,"width":389,"height":8}},{"id":"d2ef6e8c-5bde-4dd8-bc29-4ebbf33db1bb","block_type":"box","text":"fund. The figures do not include the","page_number":1,"box":{"x":518,"y":320,"width":169,"height":8}},{"id":"ee368623-d117-4f8d-923e-f39a68c17e62","block_type":"box","text":"effect","page_number":1,"box":{"x":690,"y":320,"width":26,"height":6}},{"id":"9d5463aa-5e94-442c-aa80-46e8ee6493bd","block_type":"box","text":"of any exit or entry charge. The Fund's","page_number":1,"box":{"x":719,"y":320,"width":180,"height":8}},{"id":"0d5acbb1-5322-40f5-a493-28ac2f00b6d5","block_type":"box","text":"performance is compared against the Bank of England Base Rate + 3%.","page_number":1,"box":{"x":519,"y":331,"width":333,"height":8}},{"id":"de28df02-19f5-4b33-8f68-5c7b2170d32b","block_type":"box","text":"Calendar year returns","page_number":1,"box":{"x":519,"y":349,"width":155,"height":10}},{"id":"5abaac67-a107-464c-b38d-a4152570b900","block_type":"box","text":"2021","page_number":1,"box":{"x":661,"y":374,"width":20,"height":5}},{"id":"173aebb7-f37b-4b20-a0e3-818843adc2bf","block_type":"box","text":"2022","page_number":1,"box":{"x":722,"y":374,"width":20,"height":5}},{"id":"55a0087f-2854-4991-ad96-569c9774181f","block_type":"box","text":"2023","page_number":1,"box":{"x":784,"y":374,"width":20,"height":5}},{"id":"2790bc37-54d7-42af-a18f-ac1e5656d657","block_type":"box","text":"2024","page_number":1,"box":{"x":845,"y":374,"width":20,"height":5}},{"id":"a93f86bd-209c-4e85-b6fc-2183a708053b","block_type":"box","text":"2025","page_number":1,"box":{"x":898,"y":374,"width":20,"height":5}},{"id":"3c53e0e4-eeb2-46d5-9f86-235f0d54b4a9","block_type":"box","text":"Fund net","page_number":1,"box":{"x":527,"y":394,"width":44,"height":5}},{"id":"b76676a8-0d92-48fe-b36d-c751607639a7","block_type":"box","text":"2.02%","page_number":1,"box":{"x":653,"y":394,"width":28,"height":5}},{"id":"159c011e-84d5-4c78-9191-bc153413cd11","block_type":"box","text":"5.44%","page_number":1,"box":{"x":714,"y":394,"width":28,"height":5}},{"id":"c9939d90-f8bd-4922-accd-74a4c980be5d","block_type":"box","text":"5.81%","page_number":1,"box":{"x":775,"y":394,"width":29,"height":5}},{"id":"b73f2e5f-79fb-4675-9d84-57d133d15524","block_type":"box","text":"3.69%","page_number":1,"box":{"x":836,"y":394,"width":29,"height":5}},{"id":"82c4df16-98b7-43af-8665-16593416621f","block_type":"box","text":"8.66%","page_number":1,"box":{"x":889,"y":394,"width":29,"height":5}},{"id":"0f4f8da1-ed33-48f2-8fd0-8be5aa171e5c","block_type":"box","text":"Benchmark","page_number":1,"box":{"x":527,"y":414,"width":57,"height":6}},{"id":"2ba101d5-df8e-41d4-bdd7-aa9b98678652","block_type":"box","text":"5.11%","page_number":1,"box":{"x":653,"y":414,"width":28,"height":6}},{"id":"54ccb4a6-73a5-48d4-acf5-2c73e9899a3f","block_type":"box","text":"6.53%","page_number":1,"box":{"x":714,"y":414,"width":28,"height":6}},{"id":"a10463bd-2f77-487d-a1f9-22ae5971eb06","block_type":"box","text":"9.91%","page_number":1,"box":{"x":775,"y":414,"width":29,"height":6}},{"id":"3f2b0f5c-25fb-4e70-960a-d3c324879a0c","block_type":"box","text":"10.39%","page_number":1,"box":{"x":831,"y":414,"width":34,"height":6}},{"id":"92ae7064-f6a1-45c5-8a49-5670f4e1479f","block_type":"box","text":"9.42%","page_number":1,"box":{"x":889,"y":414,"width":29,"height":6}},{"id":"0d5624b0-00c0-4e60-b360-8af72eb38e38","block_type":"box","text":"2016","page_number":1,"box":{"x":661,"y":435,"width":20,"height":5}},{"id":"9c9287a2-f654-4c8b-8817-8d50ac8877ca","block_type":"box","text":"2017","page_number":1,"box":{"x":722,"y":435,"width":20,"height":5}},{"id":"b8677aac-8fc2-4775-b0ef-b709afe6fc04","block_type":"box","text":"2018","page_number":1,"box":{"x":784,"y":435,"width":20,"height":5}},{"id":"9fc6c217-9c88-4b44-8bfe-5eb83aa7b669","block_type":"box","text":"2019","page_number":1,"box":{"x":845,"y":435,"width":20,"height":5}},{"id":"1f9d281e-30b0-4dfa-963e-a9e9a14b2053","block_type":"box","text":"2020","page_number":1,"box":{"x":898,"y":435,"width":20,"height":5}},{"id":"83cb47bc-80ff-4858-a387-7defffb55b4f","block_type":"box","text":"Fund net","page_number":1,"box":{"x":527,"y":455,"width":44,"height":6}},{"id":"1606ccb2-1896-41e6-bf8b-3b1db333101c","block_type":"box","text":"1.07%","page_number":1,"box":{"x":653,"y":455,"width":28,"height":6}},{"id":"3a363b72-9977-4b98-9cde-9a58b27ea847","block_type":"box","text":"-2.14%","page_number":1,"box":{"x":710,"y":455,"width":32,"height":6}},{"id":"d417e8f0-6f2b-4993-adf9-2ee3b7099359","block_type":"box","text":"-6.15%","page_number":1,"box":{"x":772,"y":455,"width":32,"height":6}},{"id":"6aac571a-f5f3-4add-a8f2-2f97b9ebe29a","block_type":"box","text":"9.93%","page_number":1,"box":{"x":837,"y":455,"width":28,"height":6}},{"id":"6e376b30-8a4b-4735-a66a-867c61f29e3b","block_type":"box","text":"3.55%","page_number":1,"box":{"x":889,"y":455,"width":29,"height":6}},{"id":"85b2d1d4-130b-4ccb-ab46-482615598eb1","block_type":"box","text":"Benchmark","page_number":1,"box":{"x":527,"y":476,"width":57,"height":5}},{"id":"55147f31-5305-4aae-b761-7a273ad2a027","block_type":"box","text":"5.43%","page_number":1,"box":{"x":653,"y":476,"width":28,"height":5}},{"id":"ddce5df8-8164-4664-8a89-3ae237ad472c","block_type":"box","text":"5.30%","page_number":1,"box":{"x":714,"y":476,"width":28,"height":5}},{"id":"23d1434d-ae78-43f0-be77-397e5d456acf","block_type":"box","text":"5.63%","page_number":1,"box":{"x":775,"y":476,"width":29,"height":5}},{"id":"a9c5d1cd-3889-4d4a-a6f3-e0fd07741500","block_type":"box","text":"5.79%","page_number":1,"box":{"x":836,"y":476,"width":29,"height":5}},{"id":"6562faaf-ffc7-4a06-b520-280824c0708c","block_type":"box","text":"5.26%","page_number":1,"box":{"x":889,"y":476,"width":29,"height":5}},{"id":"3a84c0ed-9d58-4dff-8f3a-ada74289c0ea","block_type":"box","text":"Cumulative performance","page_number":1,"box":{"x":519,"y":504,"width":177,"height":11}},{"id":"3c71cefe-af9f-4fd1-9a17-82fb0dac16a9","block_type":"box","text":"(%) (last 5 years, if applicable)","page_number":1,"box":{"x":701,"y":506,"width":159,"height":8}},{"id":"cfbb793b-1528-4cd3-ac26-da34865618e3","block_type":"box","text":"FUND NET","page_number":1,"box":{"x":562,"y":522,"width":48,"height":5}},{"id":"59dcf4f9-b699-4bc3-8466-2ec5c30efc22","block_type":"box","text":"End value:","page_number":1,"box":{"x":825,"y":522,"width":48,"height":5}},{"id":"7634d4f9-f15a-43af-86ec-b2d47bac36e3","block_type":"box","text":"28.95%","page_number":1,"box":{"x":887,"y":524,"width":34,"height":5}},{"id":"93c2136a-b997-4305-986b-b4122be58bad","block_type":"box","text":"FUND GROSS","page_number":1,"box":{"x":562,"y":538,"width":62,"height":6}},{"id":"15399017-8e27-4887-a411-01d1fec7dff3","block_type":"box","text":"End value:","page_number":1,"box":{"x":825,"y":538,"width":48,"height":6}},{"id":"7184e21e-898c-43be-b9c4-719a11b974f2","block_type":"box","text":"34.53%","page_number":1,"box":{"x":887,"y":540,"width":34,"height":5}},{"id":"1422b8e7-43f3-40a3-86af-5c36b7f9fc4f","block_type":"box","text":"BENCHMARK: Bank of England Base Rate + 3%","page_number":1,"box":{"x":562,"y":554,"width":218,"height":7}},{"id":"34486801-3d1e-4b2c-93ae-737e28ee7059","block_type":"box","text":"End value:","page_number":1,"box":{"x":825,"y":554,"width":48,"height":6}},{"id":"1dbf4a63-39be-40f5-8d68-b4700bf8b975","block_type":"box","text":"50.12%","page_number":1,"box":{"x":887,"y":556,"width":34,"height":5}},{"id":"664342ed-7aa7-4890-8ca5-a96b5423f300","block_type":"box","text":"-15","page_number":1,"box":{"x":525,"y":696,"width":13,"height":5}},{"id":"b8350606-0bf7-4ae3-8fac-287cc00db32c","block_type":"box","text":"0","page_number":1,"box":{"x":534,"y":671,"width":4,"height":5}},{"id":"758af915-9b84-439c-a96b-aa0c8a81bc30","block_type":"box","text":"15","page_number":1,"box":{"x":529,"y":645,"width":9,"height":6}},{"id":"10803290-26e7-449a-94ad-a3abc4eab360","block_type":"box","text":"30","page_number":1,"box":{"x":528,"y":620,"width":10,"height":5}},{"id":"92d11708-4b3e-494d-81bb-7d914ed5d1ee","block_type":"box","text":"45","page_number":1,"box":{"x":528,"y":595,"width":10,"height":5}},{"id":"b366f52e-f2a8-4f5d-8de0-ff9b371aedcd","block_type":"box","text":"60","page_number":1,"box":{"x":528,"y":569,"width":10,"height":5}},{"id":"ce76253b-544c-42e8-a8ae-18e7a238b1ed","block_type":"box","text":"Jul","page_number":1,"box":{"x":545,"y":703,"width":11,"height":5}},{"id":"5f525296-5041-4b66-940e-a3ac2f6159e2","block_type":"box","text":"'21","page_number":1,"box":{"x":560,"y":703,"width":11,"height":5}},{"id":"ff75ae12-dc81-40f7-94e5-a5d0ebcf9c70","block_type":"box","text":"Jul","page_number":1,"box":{"x":607,"y":703,"width":11,"height":5}},{"id":"35c2bc44-3cc4-468d-8731-a3a1232243eb","block_type":"box","text":"'22","page_number":1,"box":{"x":622,"y":703,"width":12,"height":5}},{"id":"e62e64e8-f04e-4f73-b2f5-ea6efe7207e5","block_type":"box","text":"Jul","page_number":1,"box":{"x":684,"y":703,"width":11,"height":5}},{"id":"f0118a47-521e-4e98-859b-beff793a3534","block_type":"box","text":"'23","page_number":1,"box":{"x":699,"y":703,"width":12,"height":5}},{"id":"1f6839fd-3283-4e50-915a-ab63211aee92","block_type":"box","text":"Jul","page_number":1,"box":{"x":761,"y":703,"width":11,"height":5}},{"id":"7194ba45-0895-4c44-adb5-8421310093f7","block_type":"box","text":"'24","page_number":1,"box":{"x":776,"y":703,"width":12,"height":5}},{"id":"fa5bd0e6-3343-4d5b-bd5d-88908fb3c0ae","block_type":"box","text":"Jul","page_number":1,"box":{"x":838,"y":703,"width":11,"height":5}},{"id":"29616944-3142-4c82-9894-249f536b2931","block_type":"box","text":"'25","page_number":1,"box":{"x":853,"y":703,"width":12,"height":5}},{"id":"641953d3-525c-49d6-9177-d16613725151","block_type":"box","text":"Jul","page_number":1,"box":{"x":900,"y":703,"width":12,"height":5}},{"id":"fb2603ec-feb0-40a4-936f-f46e5b30e3b2","block_type":"box","text":"'26","page_number":1,"box":{"x":915,"y":703,"width":12,"height":5}},{"id":"318fa433-6eb2-41a8-9612-7bc552f10cda","block_type":"box","text":"Rolling annual net performance","page_number":1,"box":{"x":519,"y":744,"width":226,"height":10}},{"id":"2811ec0e-9402-44be-b240-6785c13bcc9f","block_type":"box","text":"(%)","page_number":1,"box":{"x":749,"y":745,"width":16,"height":9}},{"id":"bcb0f3d0-b91d-44d6-9bdc-6cb36319d3c2","block_type":"box","text":"0","page_number":1,"box":{"x":520,"y":870,"width":5,"height":5}},{"id":"d074256b-ad6c-422a-9993-67f987edc0ca","block_type":"box","text":"5","page_number":1,"box":{"x":520,"y":834,"width":5,"height":5}},{"id":"3713ce0c-8407-4388-8bbc-48b1751ec3ca","block_type":"box","text":"10","page_number":1,"box":{"x":516,"y":798,"width":9,"height":5}},{"id":"913a16c0-20fd-4f08-be72-7ef28443f8e4","block_type":"box","text":"15","page_number":1,"box":{"x":516,"y":762,"width":9,"height":5}},{"id":"1f5a9503-facb-4993-bcd2-52f216f37251","block_type":"box","text":"Jun","page_number":1,"box":{"x":545,"y":878,"width":15,"height":5}},{"id":"75173de0-a283-4a00-a1ac-5ccdce4d34da","block_type":"box","text":"21","page_number":1,"box":{"x":564,"y":878,"width":8,"height":5}},{"id":"46e114cc-7b5f-4879-b1c6-cf13449a4c08","block_type":"box","text":"-","page_number":1,"box":{"x":577,"y":881,"width":3,"height":1}},{"id":"4ad3a1a7-7eda-4de7-9509-77b3a347577c","block_type":"box","text":"22","page_number":1,"box":{"x":583,"y":878,"width":10,"height":5}},{"id":"e8f165c2-324e-4994-bc8a-a1eee52738a9","block_type":"box","text":"Jun","page_number":1,"box":{"x":626,"y":878,"width":15,"height":5}},{"id":"db422ada-0e35-4173-8101-ca33ae895327","block_type":"box","text":"22","page_number":1,"box":{"x":645,"y":878,"width":10,"height":5}},{"id":"5b91cfda-778d-41d4-bfe3-cedc2afb374e","block_type":"box","text":"-","page_number":1,"box":{"x":659,"y":881,"width":2,"height":1}},{"id":"10edeaf6-56af-44d1-a71e-1eb4d8ff7f6c","block_type":"box","text":"23","page_number":1,"box":{"x":665,"y":878,"width":10,"height":5}},{"id":"df29aaf9-661a-43ae-a51c-51bc9b23b340","block_type":"box","text":"Jun","page_number":1,"box":{"x":708,"y":878,"width":15,"height":5}},{"id":"bc7413b3-93ce-427c-80a0-94c402e70941","block_type":"box","text":"23","page_number":1,"box":{"x":727,"y":878,"width":10,"height":5}},{"id":"c69c5b66-51c1-45fe-995b-9c3aa041132a","block_type":"box","text":"-","page_number":1,"box":{"x":740,"y":881,"width":3,"height":1}},{"id":"6ec55d0b-2c2f-4268-9910-3908476044a9","block_type":"box","text":"24","page_number":1,"box":{"x":746,"y":878,"width":10,"height":5}},{"id":"1128787a-15e0-4b3a-beb2-e51c186cbbfa","block_type":"box","text":"Jun","page_number":1,"box":{"x":789,"y":878,"width":15,"height":5}},{"id":"1ebbb69a-9238-414b-a05f-7d4a697f166d","block_type":"box","text":"24","page_number":1,"box":{"x":808,"y":878,"width":10,"height":5}},{"id":"f421ddd1-c173-415a-9aa6-44514ce93965","block_type":"box","text":"-","page_number":1,"box":{"x":822,"y":881,"width":2,"height":1}},{"id":"192b6729-2696-4fb0-aaf2-af9a8b22328c","block_type":"box","text":"25","page_number":1,"box":{"x":828,"y":878,"width":10,"height":5}},{"id":"a9f3d29f-7af5-4ff5-b6f2-0bc805a108d8","block_type":"box","text":"Jun","page_number":1,"box":{"x":871,"y":878,"width":15,"height":5}},{"id":"c0f21a9a-1d79-416b-817c-a2b5ba861f5c","block_type":"box","text":"25","page_number":1,"box":{"x":889,"y":878,"width":11,"height":5}},{"id":"1f4e34e0-131e-45e6-a792-93959135a24b","block_type":"box","text":"-","page_number":1,"box":{"x":903,"y":881,"width":3,"height":1}},{"id":"ad083972-1ef2-4cdf-ba49-9cd0272f8756","block_type":"box","text":"26","page_number":1,"box":{"x":909,"y":878,"width":10,"height":5}},{"id":"63cfdbe7-84ad-40c1-8304-01c21e8b529e","block_type":"box","text":"0.10","page_number":1,"box":{"x":573,"y":893,"width":19,"height":5}},{"id":"f46ce0c5-8016-4f9c-8fce-6bf3fe562964","block_type":"box","text":"5.18","page_number":1,"box":{"x":656,"y":893,"width":19,"height":5}},{"id":"a67cea1a-db59-45c9-9d9f-81b760d8a1f7","block_type":"box","text":"12.49","page_number":1,"box":{"x":731,"y":893,"width":25,"height":5}},{"id":"1968ac45-b0f8-4588-bac8-463c3179bedb","block_type":"box","text":"5.61","page_number":1,"box":{"x":817,"y":893,"width":19,"height":5}},{"id":"eb5c2039-a347-4e32-9cf8-133a0a5ccb30","block_type":"box","text":"3.68","page_number":1,"box":{"x":898,"y":893,"width":20,"height":5}},{"id":"c0da4736-3e80-40f3-bb83-b828ec57e849","block_type":"box","text":"5.42","page_number":1,"box":{"x":573,"y":906,"width":19,"height":5}},{"id":"04cef97b-7d0e-41aa-9772-405fccfbb51c","block_type":"box","text":"8.32","page_number":1,"box":{"x":656,"y":906,"width":19,"height":5}},{"id":"40e891a7-ab67-4bd8-b396-55344bc42107","block_type":"box","text":"10.52","page_number":1,"box":{"x":731,"y":906,"width":25,"height":5}},{"id":"3372afd9-5b3a-4f9e-a726-1bccd8da45f2","block_type":"box","text":"9.96","page_number":1,"box":{"x":818,"y":906,"width":19,"height":5}},{"id":"59316c25-7378-42a7-9064-4d936ff303ac","block_type":"box","text":"8.03","page_number":1,"box":{"x":899,"y":906,"width":18,"height":5}},{"id":"b40bc754-70f2-46c0-a064-57ac6522cd11","block_type":"box","text":"Aviva Investors Multi-Strategy Target Return","page_number":1,"box":{"x":72,"y":35,"width":570,"height":20}},{"id":"bdc4090f-6920-410a-b401-a5bffc39a223","block_type":"box","text":"Fund 2 GBP Acc","page_number":1,"box":{"x":75,"y":61,"width":193,"height":15}},{"id":"d08dab17-1919-4c97-8ef8-630bb6ae0020","block_type":"box","text":"Page 1 of 3 | Aviva Investors Multi-Strategy Target Return Fund 2 GBP Acc. As at 31 Jul 2026","page_number":1,"box":{"x":73,"y":954,"width":424,"height":9}},{"id":"44913ee3-d165-43a6-a50a-b9aca43fda26","block_type":"box","text":"ISIN","page_number":1,"box":{"x":73,"y":107,"width":21,"height":6}},{"id":"dbc997a8-0ac8-4d6b-938d-667f162b39be","block_type":"box","text":"GB00BMJ6DT26","page_number":1,"box":{"x":73,"y":118,"width":85,"height":6}},{"id":"4c9c2160-fb98-4723-abb8-6fefc81d056a","block_type":"box","text":"BLOOMBERG","page_number":1,"box":{"x":210,"y":107,"width":70,"height":6}},{"id":"ecc31581-2365-4765-b978-23f94b57c2e3","block_type":"box","text":"AIMSTR2LN","page_number":1,"box":{"x":209,"y":118,"width":61,"height":6}},{"id":"aa930ed2-28c8-4c95-9a52-6a9d7c0e6a8f","block_type":"box","text":"ASSET CLASS","page_number":1,"box":{"x":323,"y":107,"width":73,"height":6}},{"id":"0d1ec606-6157-4975-8c6b-2afe3f0cf7c4","block_type":"box","text":"AIMS","page_number":1,"box":{"x":323,"y":118,"width":27,"height":6}},{"id":"eec57211-7858-4eb4-be6f-911d0b686045","block_type":"box","text":"NAV","page_number":1,"box":{"x":441,"y":107,"width":21,"height":6}},{"id":"192b6b8b-aa19-4ec0-97ad-bef3a90f2ba3","block_type":"box","text":"149.29 GBX","page_number":1,"box":{"x":441,"y":118,"width":59,"height":6}},{"id":"23eccbf7-07a9-4745-9f84-46868d9cfa1c","block_type":"box","text":"FUND SIZE","page_number":1,"box":{"x":537,"y":107,"width":58,"height":6}},{"id":"05602cb8-c5f2-4c98-aaf4-662a51056c66","block_type":"box","text":"GBP 2775.45m","page_number":1,"box":{"x":537,"y":118,"width":77,"height":6}},{"id":"361f57a0-2f51-43db-82c5-b237ef5e9dc5","block_type":"box","text":"AS AT","page_number":1,"box":{"x":661,"y":107,"width":30,"height":6}},{"id":"39c64795-e841-4077-9033-14869badf964","block_type":"box","text":"31 Jul 2026","page_number":1,"box":{"x":661,"y":118,"width":60,"height":6}},{"id":"9164cd35-f1df-476d-b997-21968fa2b741","block_type":"box","text":"Volatility","page_number":2,"box":{"x":72,"y":36,"width":66,"height":11}},{"id":"8234eff2-fea0-464c-aa5a-a8e9e5bb668c","block_type":"box","text":"(%) *","page_number":2,"box":{"x":142,"y":38,"width":21,"height":8}},{"id":"0c2a3bd5-7c33-4c56-ac73-889b07655f54","block_type":"box","text":"Jun 21 - 22","page_number":2,"box":{"x":108,"y":57,"width":46,"height":4}},{"id":"868bfc37-0eb5-4c20-a467-ab4cc155e5a9","block_type":"box","text":"Jun 22 - 23","page_number":2,"box":{"x":185,"y":57,"width":46,"height":4}},{"id":"733269dd-e899-4f29-9078-44a6862bdeb0","block_type":"box","text":"Jun 23 - 24","page_number":2,"box":{"x":263,"y":57,"width":45,"height":4}},{"id":"bdd97e24-bcdf-4eb8-a765-ad2aff6192f0","block_type":"box","text":"Jun 24 - 25","page_number":2,"box":{"x":340,"y":57,"width":45,"height":4}},{"id":"a4cb189c-f3de-4e4e-b3f1-baa80e87c65d","block_type":"box","text":"Jun 25 - 26","page_number":2,"box":{"x":417,"y":57,"width":46,"height":4}},{"id":"1da96d16-439d-4ee9-8c05-4e8496279ef3","block_type":"box","text":"7.35","page_number":2,"box":{"x":135,"y":74,"width":18,"height":5}},{"id":"0e62af2f-92be-470f-804a-e2dfd6020ffd","block_type":"box","text":"3.47","page_number":2,"box":{"x":212,"y":74,"width":19,"height":5}},{"id":"de8ac12b-1249-45ec-8615-dfe1f0860291","block_type":"box","text":"4.05","page_number":2,"box":{"x":289,"y":74,"width":19,"height":5}},{"id":"b765d3ac-79ef-4a2f-b901-539908c4b94f","block_type":"box","text":"3.51","page_number":2,"box":{"x":366,"y":74,"width":19,"height":5}},{"id":"dc81d3f4-cb46-4380-b0d3-1629e4ba2822","block_type":"box","text":"3.53","page_number":2,"box":{"x":443,"y":74,"width":19,"height":5}},{"id":"14f0f2b1-ebbc-4631-92ac-c866841b84fd","block_type":"box","text":"14.04","page_number":2,"box":{"x":129,"y":86,"width":25,"height":6}},{"id":"d53399b4-acb1-40f4-a21e-300941843872","block_type":"box","text":"17.72","page_number":2,"box":{"x":207,"y":86,"width":24,"height":6}},{"id":"169ccd5b-3e03-4d66-9a0f-8d066ac92358","block_type":"box","text":"12.61","page_number":2,"box":{"x":284,"y":86,"width":24,"height":6}},{"id":"9b819382-ac38-4073-822a-3e3ebe1748f3","block_type":"box","text":"10.04","page_number":2,"box":{"x":361,"y":86,"width":24,"height":6}},{"id":"388e74c4-00ab-4c55-8576-92e0c8700110","block_type":"box","text":"12.67","page_number":2,"box":{"x":438,"y":86,"width":25,"height":6}},{"id":"6fd28295-406a-47d0-bc50-3346ca5e3abd","block_type":"box","text":"Past performance is not a guide to future performance.","page_number":2,"box":{"x":73,"y":104,"width":313,"height":8}},{"id":"6938db93-eaa8-4944-9d71-bb4ca6e979d9","block_type":"box","text":"*The Fund is expected to operate with a volatility no greater than 50% of that of the","page_number":2,"box":{"x":73,"y":115,"width":393,"height":8}},{"id":"35c7227d-1377-472c-b208-a3e202f235d2","block_type":"box","text":"daily volatility MSCI® All Country World Index (local currency), annualised over a","page_number":2,"box":{"x":73,"y":127,"width":377,"height":7}},{"id":"3f50ebff-a24a-4664-acc1-a988c349ac4f","block_type":"box","text":"rolling 3 year period.","page_number":2,"box":{"x":73,"y":138,"width":96,"height":8}},{"id":"ff89bde7-c88d-4959-91bf-a4101ceb46de","block_type":"box","text":"Portfolio stats","page_number":2,"box":{"x":73,"y":162,"width":101,"height":9}},{"id":"2d0abf26-a240-4748-9388-bdc5dbb8476a","block_type":"box","text":"1","page_number":2,"box":{"x":176,"y":162,"width":4,"height":4}},{"id":"fe6ef84b-079c-4283-b949-f3476b9658cb","block_type":"box","text":"Fund (%)","page_number":2,"box":{"x":267,"y":187,"width":50,"height":9}},{"id":"c153920a-9cfa-43df-b3cc-302237e9fcc7","block_type":"box","text":"Risk objective (%)","page_number":2,"box":{"x":374,"y":187,"width":101,"height":9}},{"id":"c2bf9aa4-1140-4d36-8eeb-556c691fae18","block_type":"box","text":"Realised","page_number":2,"box":{"x":78,"y":209,"width":47,"height":7}},{"id":"4dc36704-7578-4bb8-b4ee-7b5ac52a0e48","block_type":"box","text":"3y Annualised volatility","page_number":2,"box":{"x":78,"y":230,"width":125,"height":8}},{"id":"52245b5a-74f4-456e-9128-d5ff033b72f4","block_type":"box","text":"4.18","page_number":2,"box":{"x":295,"y":230,"width":22,"height":7}},{"id":"fb0b978b-d31c-4894-a49e-d0f8e0dc46e5","block_type":"box","text":"6.99","page_number":2,"box":{"x":454,"y":230,"width":21,"height":7}},{"id":"e5093bfa-f074-4125-b8a6-872a45d3d1c2","block_type":"box","text":"Expected","page_number":2,"box":{"x":78,"y":251,"width":51,"height":8}},{"id":"50d59b66-e1ea-45cb-9345-c24d0aa14a92","block_type":"box","text":"Annualised volatility","page_number":2,"box":{"x":77,"y":272,"width":111,"height":8}},{"id":"e3c13d22-9a67-49a2-a891-dbe4e7141b85","block_type":"box","text":"5.01","page_number":2,"box":{"x":295,"y":272,"width":22,"height":6}},{"id":"aafed0d3-1cbc-4747-aa08-9b083256aed1","block_type":"box","text":"-","page_number":2,"box":{"x":472,"y":276,"width":3,"height":0}},{"id":"0860633b-1574-4566-b3cc-7e88fec90222","block_type":"box","text":"Undiversified annualised","page_number":2,"box":{"x":78,"y":292,"width":134,"height":7}},{"id":"09a4a47b-f434-4654-abe9-d99b99bf2388","block_type":"box","text":"volatility","page_number":2,"box":{"x":77,"y":304,"width":48,"height":9}},{"id":"01669d88-48d4-4f11-8935-81faf4216d35","block_type":"box","text":"13.89","page_number":2,"box":{"x":289,"y":293,"width":28,"height":6}},{"id":"e7ef4120-1a80-4f77-9870-d4a0be7c2f30","block_type":"box","text":"-","page_number":2,"box":{"x":472,"y":296,"width":3,"height":1}},{"id":"2071fadd-8577-44aa-a3d8-67ddfe43bb9a","block_type":"box","text":"Diversification benefit","page_number":2,"box":{"x":78,"y":325,"width":119,"height":7}},{"id":"d9ed1619-60a3-4bb1-9598-a99fcc54dc0f","block_type":"box","text":"8.88","page_number":2,"box":{"x":295,"y":326,"width":22,"height":6}},{"id":"fbeec7f2-bf90-43af-a1df-4f49084d14c6","block_type":"box","text":"-","page_number":2,"box":{"x":472,"y":329,"width":3,"height":1}},{"id":"f215679b-2a8f-4594-98d1-3740c1406f12","block_type":"box","text":"1","page_number":2,"box":{"x":73,"y":342,"width":3,"height":4}},{"id":"0688913e-781f-41fb-9c41-ab875c7f2340","block_type":"box","text":"Source: Aviva Investors, all other data is Morningstar unless stated otherwise.","page_number":2,"box":{"x":79,"y":342,"width":363,"height":8}},{"id":"03d20cf7-4a88-4e9c-81b2-f82967db25e4","block_type":"box","text":"Share of risk at parent strategy level","page_number":2,"box":{"x":73,"y":366,"width":259,"height":11}},{"id":"bfdf623b-0358-4e43-81b1-7761d4ff95b2","block_type":"box","text":"%","page_number":2,"box":{"x":460,"y":388,"width":11,"height":7}},{"id":"91a78f62-1e10-4f1e-b503-568ca51b3d25","block_type":"box","text":"Market Strategies","page_number":2,"box":{"x":83,"y":407,"width":93,"height":9}},{"id":"e5238de6-17c5-42e9-8793-f7aa7f59d9ce","block_type":"box","text":"51.31","page_number":2,"box":{"x":442,"y":408,"width":29,"height":6}},{"id":"e5589e44-50a6-44ea-91d6-9d2212568f17","block_type":"box","text":"Opportunistic Strategies","page_number":2,"box":{"x":83,"y":424,"width":131,"height":8}},{"id":"6937c74d-6b8f-486d-bd53-1356fea98ab5","block_type":"box","text":"40.25","page_number":2,"box":{"x":442,"y":424,"width":29,"height":6}},{"id":"500a9d8c-fe31-4594-93f8-8dbcc3e16f45","block_type":"box","text":"Risk Reducing Strategies","page_number":2,"box":{"x":83,"y":440,"width":132,"height":8}},{"id":"d5b63b36-59bb-46f2-9f83-83740c47662a","block_type":"box","text":"5.90","page_number":2,"box":{"x":449,"y":440,"width":22,"height":6}},{"id":"f0206a8f-5489-442d-8ab0-9c7e86444fb4","block_type":"box","text":"Cash","page_number":2,"box":{"x":83,"y":456,"width":25,"height":6}},{"id":"c3b12bc1-e4fd-4216-9668-937f2ee61b41","block_type":"box","text":"2.55","page_number":2,"box":{"x":449,"y":456,"width":22,"height":6}},{"id":"cd7a7f89-24fa-49d8-ac73-2393750ff85b","block_type":"box","text":"Source: Aviva Investors, all other data is Morningstar unless stated otherwise.","page_number":2,"box":{"x":73,"y":470,"width":363,"height":8}},{"id":"68721aa1-4b91-4de7-abd7-790e95838c35","block_type":"box","text":"Share of risk at risk factor","page_number":2,"box":{"x":73,"y":497,"width":184,"height":9}},{"id":"2ee9a8de-5cd1-4ca8-ae4c-aedc74f7d79f","block_type":"box","text":"%","page_number":2,"box":{"x":460,"y":520,"width":11,"height":6}},{"id":"585488f1-5b24-4281-ab5a-b3e068e5ef00","block_type":"box","text":"Equities","page_number":2,"box":{"x":83,"y":539,"width":42,"height":8}},{"id":"053b17f0-6ca5-45e2-8eb8-c38e56259d4f","block_type":"box","text":"44.85","page_number":2,"box":{"x":442,"y":539,"width":29,"height":7}},{"id":"bdd48a00-c07b-45dd-a1dc-307b2cfb3463","block_type":"box","text":"Duration","page_number":2,"box":{"x":83,"y":555,"width":46,"height":7}},{"id":"7a08e39b-0791-4ad1-967e-0f749de5282a","block_type":"box","text":"32.75","page_number":2,"box":{"x":442,"y":556,"width":29,"height":6}},{"id":"1b376003-e768-4b12-b6a9-ad65497bfb23","block_type":"box","text":"Commodities","page_number":2,"box":{"x":83,"y":571,"width":72,"height":7}},{"id":"71cc7cd9-f165-4d54-b14b-5070a67562cc","block_type":"box","text":"9.15","page_number":2,"box":{"x":449,"y":572,"width":22,"height":6}},{"id":"1297afea-9856-4326-a61f-958491daaa71","block_type":"box","text":"Currency","page_number":2,"box":{"x":83,"y":588,"width":48,"height":8}},{"id":"225a983c-b40b-4346-a628-62a56e93a49b","block_type":"box","text":"6.72","page_number":2,"box":{"x":449,"y":588,"width":22,"height":6}},{"id":"56b3376f-9c31-40d1-8083-611acd2f4765","block_type":"box","text":"Volatility","page_number":2,"box":{"x":82,"y":603,"width":48,"height":9}},{"id":"98bb63a2-eea2-4038-b657-37ec9261de47","block_type":"box","text":"4.26","page_number":2,"box":{"x":449,"y":604,"width":22,"height":6}},{"id":"c9044d86-0db8-4eb6-b5bf-0df783cd1370","block_type":"box","text":"Cash","page_number":2,"box":{"x":83,"y":619,"width":25,"height":7}},{"id":"9f930811-7709-476f-907f-7d1f7df3d8d7","block_type":"box","text":"2.27","page_number":2,"box":{"x":449,"y":620,"width":22,"height":6}},{"id":"c4a72cf2-11f7-45ba-a6e0-ab5e4ade0174","block_type":"box","text":"Source: Aviva Investors, all other data is Morningstar unless stated otherwise.","page_number":2,"box":{"x":73,"y":634,"width":363,"height":8}},{"id":"e6bab037-c850-4e47-87ef-18acf350a5b2","block_type":"box","text":"Top 5 contributing & detracting strategies for the month","page_number":2,"box":{"x":518,"y":36,"width":400,"height":11}},{"id":"f389822b-1918-4759-a709-785541cde23a","block_type":"box","text":"Risk Factor","page_number":2,"box":{"x":524,"y":59,"width":63,"height":7}},{"id":"98c43db2-8b14-48e6-ac0d-a492670fc624","block_type":"box","text":"Strategy","page_number":2,"box":{"x":620,"y":60,"width":49,"height":8}},{"id":"16893ecb-6aa0-4a02-a365-1763d907a26b","block_type":"box","text":"%","page_number":2,"box":{"x":914,"y":60,"width":11,"height":6}},{"id":"ce2f27e8-4b8a-42ab-9893-fd5720a723ce","block_type":"box","text":"Duration","page_number":2,"box":{"x":524,"y":81,"width":46,"height":6}},{"id":"5d3593ae-5ef6-4496-94af-67a5f98bb881","block_type":"box","text":"Short US rates","page_number":2,"box":{"x":620,"y":80,"width":77,"height":7}},{"id":"629ca9c4-2303-4dcc-9481-43649ab43d74","block_type":"box","text":"+0.37","page_number":2,"box":{"x":896,"y":81,"width":28,"height":6}},{"id":"24cc6714-2951-44b4-8141-52845fbba119","block_type":"box","text":"Cash","page_number":2,"box":{"x":524,"y":104,"width":25,"height":7}},{"id":"c32d889f-1e1b-4545-8093-a4edd2aa90ff","block_type":"box","text":"Cash and","page_number":2,"box":{"x":621,"y":98,"width":48,"height":6}},{"id":"9a764989-3e1b-489a-a523-3b19f812af69","block_type":"box","text":"Currency Hedge","page_number":2,"box":{"x":621,"y":111,"width":85,"height":8}},{"id":"0bfb8066-ed26-4f5a-bfe0-937a853a59e2","block_type":"box","text":"+0.26","page_number":2,"box":{"x":896,"y":105,"width":28,"height":6}},{"id":"d8af1eb3-e6aa-46b5-8d50-e94416e393d0","block_type":"box","text":"Equities","page_number":2,"box":{"x":524,"y":140,"width":43,"height":8}},{"id":"c7b7e581-9b4f-4ddf-a51d-c12e5364bda8","block_type":"box","text":"Long US","page_number":2,"box":{"x":621,"y":127,"width":43,"height":8}},{"id":"9c835232-07b5-4223-a1a7-03837f38a30b","block_type":"box","text":"systematic value","page_number":2,"box":{"x":620,"y":139,"width":90,"height":9}},{"id":"bf69230f-8b50-4b43-aa26-80b3eb6f4222","block_type":"box","text":"v Market","page_number":2,"box":{"x":620,"y":152,"width":46,"height":7}},{"id":"d8e83182-095e-47cf-a365-f3da0fce81a2","block_type":"box","text":"+0.07","page_number":2,"box":{"x":896,"y":140,"width":28,"height":6}},{"id":"e6ac3142-6dfc-4a64-8345-a3e30e503f6f","block_type":"box","text":"Commodities","page_number":2,"box":{"x":524,"y":169,"width":72,"height":7}},{"id":"0fdc8815-b50c-43ca-b7d0-639198523d7c","block_type":"box","text":"Long copper","page_number":2,"box":{"x":621,"y":170,"width":67,"height":8}},{"id":"4aefda9d-fd29-471f-b92f-f0466248bccd","block_type":"box","text":"+0.07","page_number":2,"box":{"x":896,"y":170,"width":28,"height":6}},{"id":"1b40ccc0-b310-45d9-89a3-2edef2fab776","block_type":"box","text":"Equities","page_number":2,"box":{"x":524,"y":188,"width":43,"height":8}},{"id":"71bda865-1312-4673-b133-f2df07c207ee","block_type":"box","text":"Resources","page_number":2,"box":{"x":621,"y":188,"width":54,"height":7}},{"id":"53ef47a7-be95-4629-909b-1237db170fd4","block_type":"box","text":"+0.07","page_number":2,"box":{"x":896,"y":188,"width":28,"height":7}},{"id":"e406f206-d1bf-4eef-8594-ff1a0a4748e3","block_type":"box","text":"Equities","page_number":2,"box":{"x":524,"y":212,"width":43,"height":8}},{"id":"4aa660ac-e127-411e-b7ed-2a61bfb7143e","block_type":"box","text":"Long Japanese","page_number":2,"box":{"x":621,"y":206,"width":80,"height":8}},{"id":"e069cb16-13d6-40d6-8d7a-6aa690db1bd7","block_type":"box","text":"equities","page_number":2,"box":{"x":620,"y":218,"width":43,"height":8}},{"id":"602221b1-40d2-40a7-83c6-2b86961043c8","block_type":"box","text":"-0.17","page_number":2,"box":{"x":899,"y":212,"width":25,"height":6}},{"id":"03461a98-787a-4662-89b2-c378b9a6810d","block_type":"box","text":"Equities","page_number":2,"box":{"x":524,"y":235,"width":43,"height":9}},{"id":"144f3afc-af52-4765-bcd5-0e3a83007336","block_type":"box","text":"Equity Thematic","page_number":2,"box":{"x":621,"y":235,"width":88,"height":9}},{"id":"b3b70487-242d-452c-80d3-31ec3e547054","block_type":"box","text":"-0.18","page_number":2,"box":{"x":899,"y":236,"width":25,"height":6}},{"id":"7a320617-bf41-466a-8ad3-19b1f4e62732","block_type":"box","text":"Equities","page_number":2,"box":{"x":524,"y":259,"width":43,"height":8}},{"id":"1280b65a-36b9-410d-84c7-31159aa1f60c","block_type":"box","text":"Long Emerging","page_number":2,"box":{"x":621,"y":253,"width":80,"height":8}},{"id":"e94887bd-af39-4700-9f3d-2f1ec7c6d76d","block_type":"box","text":"Market equities","page_number":2,"box":{"x":621,"y":265,"width":82,"height":9}},{"id":"dfda52f6-645b-4bf4-9e55-f9e1e5bea88b","block_type":"box","text":"-0.24","page_number":2,"box":{"x":899,"y":259,"width":26,"height":6}},{"id":"064b7cee-9487-44c3-9d3b-1296cba93388","block_type":"box","text":"Equities","page_number":2,"box":{"x":524,"y":283,"width":43,"height":8}},{"id":"9e82da94-4a27-4329-8b7f-c73d13b6f0f2","block_type":"box","text":"Long US equities","page_number":2,"box":{"x":621,"y":283,"width":90,"height":8}},{"id":"e6da52a2-e1fe-44c4-89fd-12b845b2b8a1","block_type":"box","text":"-0.33","page_number":2,"box":{"x":899,"y":283,"width":25,"height":6}},{"id":"3eb064a7-f0fa-4a27-b885-509c04be78ac","block_type":"box","text":"Duration","page_number":2,"box":{"x":524,"y":301,"width":46,"height":6}},{"id":"bd34d50b-a46f-4617-887a-093c0cf658ba","block_type":"box","text":"Long UK rates","page_number":2,"box":{"x":621,"y":301,"width":74,"height":8}},{"id":"c033e67b-4c5b-4f25-a27d-02d0a63f5cd3","block_type":"box","text":"-0.74","page_number":2,"box":{"x":899,"y":301,"width":26,"height":6}},{"id":"62c39fde-463a-4a2e-b7c8-e82e6583af62","block_type":"box","text":"Source: Aviva Investors, all other data is Morningstar unless stated otherwise.","page_number":2,"box":{"x":518,"y":316,"width":364,"height":8}},{"id":"0174b0c0-63d4-4528-b705-1ef7d2ed54b7","block_type":"box","text":"Fund targets","page_number":2,"box":{"x":519,"y":344,"width":89,"height":11}},{"id":"e54d677b-74bb-4b75-9a22-80f44f9789e9","block_type":"box","text":"The Fund targets 3% above the Bank of England base rate because that is","page_number":2,"box":{"x":518,"y":361,"width":395,"height":8}},{"id":"d6418f0d-20c7-456b-ba27-670ad867b695","block_type":"box","text":"the level of outperformance that the manager believes to be realistic for","page_number":2,"box":{"x":518,"y":372,"width":389,"height":9}},{"id":"dd5b028c-0202-402c-8e04-8d9f04774841","block_type":"box","text":"this strategy when considered alongside the Fund’s aim to operate with a","page_number":2,"box":{"x":518,"y":383,"width":395,"height":9}},{"id":"c7e3ceaf-10ff-49be-83e4-11bd9961e31d","block_type":"box","text":"volatility of no greater than 50% of that of the MSCI® All Country World","page_number":2,"box":{"x":518,"y":394,"width":380,"height":9}},{"id":"0840f89e-f917-46b9-807d-c543ee1f4149","block_type":"box","text":"Index (local currency).","page_number":2,"box":{"x":519,"y":405,"width":119,"height":9}},{"id":"a8257913-5f19-49b5-948b-94eb88c5e1de","block_type":"box","text":"Fund risks","page_number":2,"box":{"x":519,"y":440,"width":72,"height":8}},{"id":"9861ad8f-9edb-4839-a998-ae1767c25460","block_type":"box","text":"Investment Risk & Currency Risk","page_number":2,"box":{"x":519,"y":457,"width":185,"height":8}},{"id":"2eb592a2-9e26-4f2f-b4b5-7f75dc847b34","block_type":"box","text":"The value of an investment and any income from it can go down as well as","page_number":2,"box":{"x":518,"y":467,"width":400,"height":9}},{"id":"11d163ae-ee7a-45fd-bee3-b5431ee9cdc5","block_type":"box","text":"up and can fluctuate in response to changes in currency exchange rates.","page_number":2,"box":{"x":519,"y":479,"width":387,"height":8}},{"id":"0e515e8b-4f38-451f-817b-fb2ef11fc281","block_type":"box","text":"Investors may not get back the original amount invested.","page_number":2,"box":{"x":519,"y":490,"width":306,"height":9}},{"id":"01302839-cd2e-4ec5-b482-4b926b143a50","block_type":"box","text":"Derivatives Risk","page_number":2,"box":{"x":519,"y":512,"width":91,"height":6}},{"id":"aab22307-aa23-42a3-8baf-b9494a31db26","block_type":"box","text":"The Fund uses derivatives, these can be complex and highly volatile.","page_number":2,"box":{"x":518,"y":522,"width":369,"height":9}},{"id":"80f9352a-c853-4ba6-8c51-6a4c4e8fee8d","block_type":"box","text":"Derivatives may not perform as expected meaning the Fund may","page_number":2,"box":{"x":519,"y":533,"width":348,"height":9}},{"id":"237db335-b05a-41ba-b54f-4ae181bbc246","block_type":"box","text":"suffer","page_number":2,"box":{"x":870,"y":533,"width":31,"height":7}},{"id":"4f90255b-bc8e-4c1c-af13-9a645fa27c93","block_type":"box","text":"significant losses.","page_number":2,"box":{"x":518,"y":545,"width":95,"height":8}},{"id":"c88ecbaf-7c54-46e3-9453-10ff8b1e80d3","block_type":"box","text":"Illiquid Securities Risk","page_number":2,"box":{"x":519,"y":556,"width":127,"height":8}},{"id":"ca213ca0-37c7-4011-886e-bcee0e9fce8f","block_type":"box","text":"Certain assets held in the Fund could be hard to value or to sell at a desired","page_number":2,"box":{"x":519,"y":566,"width":403,"height":7}},{"id":"a9bff3a3-7688-454c-bbce-ed1e1dba9072","block_type":"box","text":"time or at a price considered to be fair (especially in large quantities), and","page_number":2,"box":{"x":518,"y":577,"width":397,"height":9}},{"id":"29d04c69-2a88-4d35-baf9-d0dc536bdcac","block_type":"box","text":"as a result their prices could be very volatile.","page_number":2,"box":{"x":519,"y":589,"width":239,"height":8}},{"id":"d87ee277-b527-4f4c-9ec0-50a61c472ca1","block_type":"box","text":"Full information on risks applicable to the Fund are in the Prospectus and","page_number":2,"box":{"x":519,"y":605,"width":396,"height":8}},{"id":"729832ac-48ad-4273-9755-29eca859ee18","block_type":"box","text":"the Key Investor Information Document (KIID).","page_number":2,"box":{"x":518,"y":616,"width":250,"height":8}},{"id":"641fa570-6005-47c9-a91f-9e29217e9293","block_type":"box","text":"Glossary","page_number":2,"box":{"x":519,"y":644,"width":61,"height":10}},{"id":"9acb3ae2-3f7b-4d9f-a207-262e71c58854","block_type":"box","text":"Annualised performance","page_number":2,"box":{"x":518,"y":661,"width":141,"height":8}},{"id":"6fd451c1-4402-42d8-ac1e-a49ddd7ce1ba","block_type":"box","text":"An annualised total return is the geometric average amount of money","page_number":2,"box":{"x":518,"y":671,"width":376,"height":9}},{"id":"acecdd42-bbe4-4ef2-8a41-60532804491b","block_type":"box","text":"earned by an investment each year over a given time period.","page_number":2,"box":{"x":519,"y":683,"width":325,"height":8}},{"id":"d16d0f74-1b83-46f7-a760-86d65a6f2e66","block_type":"box","text":"Volatility (%)","page_number":2,"box":{"x":518,"y":698,"width":75,"height":9}},{"id":"aaee8945-5d90-4b05-9008-63feca3a5abc","block_type":"box","text":"A measure of the fund's dispersion of returns. A higher volatility implies","page_number":2,"box":{"x":518,"y":709,"width":386,"height":9}},{"id":"b0eace6f-5f2e-498e-9281-bd3a690b9a7c","block_type":"box","text":"that a fund's return is spread over a larger range of values whilst a lower","page_number":2,"box":{"x":518,"y":720,"width":388,"height":9}},{"id":"6ffb4e90-e1c5-4f87-84fc-0237783af022","block_type":"box","text":"volatility implies that a fund's return is spread over a smaller range of","page_number":2,"box":{"x":518,"y":731,"width":375,"height":9}},{"id":"0c88aa5c-69e8-47e7-bc79-205a41c9e5ea","block_type":"box","text":"values.","page_number":2,"box":{"x":518,"y":743,"width":37,"height":6}},{"id":"1ab7fd50-2022-47de-9ec2-82260cfcb827","block_type":"box","text":"Credit Rating","page_number":2,"box":{"x":519,"y":758,"width":75,"height":9}},{"id":"f72ca757-3065-4e16-a8f4-5244a19d292a","block_type":"box","text":"Independent ratings agencies assign","page_number":2,"box":{"x":519,"y":769,"width":196,"height":9}},{"id":"f86186b1-e005-4dd7-832c-7373dfa517a2","block_type":"box","text":"different","page_number":2,"box":{"x":719,"y":769,"width":47,"height":7}},{"id":"a47bb5ad-0489-4e70-8ac1-4435e716abbb","block_type":"box","text":"ratings to bonds depending","page_number":2,"box":{"x":769,"y":769,"width":149,"height":9}},{"id":"483ab094-f4f5-4d71-ab2d-2acfea9e9bea","block_type":"box","text":"on the bond issuers’ financial strength and their outlook as well as their","page_number":2,"box":{"x":519,"y":780,"width":387,"height":9}},{"id":"67e13f48-27d9-4a3f-a6fc-829d3282bff6","block_type":"box","text":"ability to pay interest on time and meet all of their liabilities. We use","page_number":2,"box":{"x":519,"y":791,"width":366,"height":9}},{"id":"171283be-0b7d-4250-85b4-1bd6cd9471b1","block_type":"box","text":"appropriate industry recognised ratings as detailed in source notes.","page_number":2,"box":{"x":519,"y":802,"width":363,"height":9}},{"id":"a202c3bf-db63-443b-a5c9-6947f0d02fe7","block_type":"box","text":"Distribution yield","page_number":2,"box":{"x":519,"y":818,"width":99,"height":9}},{"id":"3584a0c4-9882-483f-b20a-cd74b86ac584","block_type":"box","text":"This reflects the amount that is expected to be distributed over the next 12","page_number":2,"box":{"x":518,"y":829,"width":402,"height":8}},{"id":"6d2dd89c-fabe-4757-9e62-98735d038e69","block_type":"box","text":"months as a percentage of the share price of the fund on the date shown. It","page_number":2,"box":{"x":519,"y":840,"width":404,"height":9}},{"id":"37593a8c-107a-455c-accc-99394a229357","block_type":"box","text":"does not include the deduction of entry charges and is the gross return","page_number":2,"box":{"x":519,"y":851,"width":381,"height":9}},{"id":"663c9c89-4ef3-4ffd-9d1f-1f33a1f8bee0","block_type":"box","text":"before tax on distributions. You may be subject to further tax on your","page_number":2,"box":{"x":519,"y":862,"width":371,"height":9}},{"id":"f74cfcbe-8703-49be-a31f-1e58d464d98f","block_type":"box","text":"distributions. The yield is not guaranteed.","page_number":2,"box":{"x":519,"y":874,"width":224,"height":8}},{"id":"4cce70d7-e33e-4016-b8f8-a3cacc401c14","block_type":"box","text":"Entry fee","page_number":2,"box":{"x":519,"y":889,"width":51,"height":9}},{"id":"1db0ce62-d398-48f1-9973-5c0dc06494c4","block_type":"box","text":"A","page_number":2,"box":{"x":518,"y":901,"width":7,"height":6}},{"id":"92367dc3-3e95-4ed8-b52f-82b949ba01f6","block_type":"box","text":"one-off","page_number":2,"box":{"x":528,"y":900,"width":40,"height":7}},{"id":"40c56010-869e-4c64-b8aa-59a76784495f","block_type":"box","text":"charge may be taken from your money before it is invested. The","page_number":2,"box":{"x":570,"y":900,"width":343,"height":9}},{"id":"21a19923-dfa7-4e09-b965-0a4726d006ee","block_type":"box","text":"charge is usually a percentage of the amount invested and is additional to","page_number":2,"box":{"x":519,"y":911,"width":397,"height":9}},{"id":"cd5d0798-7c63-4612-9cfa-d345d73ca2f1","block_type":"box","text":"the price paid for the units/shares. The entry charge is deducted from the","page_number":2,"box":{"x":518,"y":922,"width":395,"height":9}},{"id":"4f5b20a6-e33c-40db-9342-6a157d145934","block_type":"box","text":"Page 2 of 3 | Aviva Investors Multi-Strategy Target Return Fund 2 GBP Acc. As at 31 Jul 2026","page_number":2,"box":{"x":73,"y":954,"width":424,"height":9}},{"id":"0738a2d3-5a34-4aa5-9c6e-b0270b4a3039","block_type":"box","text":"investment before units/shares are bought and is also known as the “initial","page_number":3,"box":{"x":73,"y":36,"width":405,"height":9}},{"id":"6bfddf89-825d-4beb-93e6-7670c4e0a28c","block_type":"box","text":"charge”.","page_number":3,"box":{"x":73,"y":47,"width":42,"height":9}},{"id":"b47e4c28-2c03-48f4-a963-4da6ed5aa3b3","block_type":"box","text":"Exit charge","page_number":3,"box":{"x":73,"y":63,"width":62,"height":9}},{"id":"1bd4f365-dd58-446e-9b38-c3b2325e9cff","block_type":"box","text":"A","page_number":3,"box":{"x":72,"y":74,"width":7,"height":6}},{"id":"acd24d3b-d504-4007-bf99-928f18974dd6","block_type":"box","text":"one-off","page_number":3,"box":{"x":83,"y":74,"width":39,"height":6}},{"id":"2d227218-804e-4ec6-b01f-4b40a10bb092","block_type":"box","text":"charge levied on redemption of units/shares before the proceeds","page_number":3,"box":{"x":125,"y":74,"width":350,"height":8}},{"id":"bd8b3525-b784-410e-b596-f823e6f38b3e","block_type":"box","text":"of your investment are paid out. This is also known as a “redemption","page_number":3,"box":{"x":73,"y":85,"width":370,"height":8}},{"id":"75280bca-330c-473f-ac59-c5701ccf0480","block_type":"box","text":"charge”.","page_number":3,"box":{"x":73,"y":96,"width":42,"height":9}},{"id":"1695841e-bcf5-41f3-9bb4-02a0d781c676","block_type":"box","text":"Management Fee","page_number":3,"box":{"x":73,"y":112,"width":97,"height":8}},{"id":"84bba465-d9ef-4138-bc34-4b7fbf9d2ba8","block_type":"box","text":"The management fee is fixed rate charge to cover the costs of managing the","page_number":3,"box":{"x":73,"y":122,"width":407,"height":9}},{"id":"99b68f49-0fc5-47c1-b010-4f6ef2d7b0c0","block_type":"box","text":"investments of the fund. It accrues daily based on a percentage of the","page_number":3,"box":{"x":73,"y":134,"width":374,"height":8}},{"id":"e0b8372f-b257-4034-9a64-efaa204a9cff","block_type":"box","text":"fund's net asset value and deducted from the fund's assets.","page_number":3,"box":{"x":73,"y":145,"width":319,"height":7}},{"id":"57fe7ef2-25a8-4c25-9850-bd23a4c33559","block_type":"box","text":"Modified duration","page_number":3,"box":{"x":73,"y":161,"width":102,"height":6}},{"id":"b0412ddc-ea5f-4ef9-a705-b153d9f77f7e","block_type":"box","text":"A calculation that expresses the measurable change in the value of a","page_number":3,"box":{"x":72,"y":171,"width":368,"height":9}},{"id":"ba65f6dd-6fb7-458d-bdf8-d2b7b1af34fb","block_type":"box","text":"security in response to a change in interest rates - (under analysis).","page_number":3,"box":{"x":73,"y":182,"width":359,"height":9}},{"id":"b3c71f11-d89a-45ea-96fb-68f96cb3c1f7","block_type":"box","text":"Spread Duration","page_number":3,"box":{"x":73,"y":198,"width":93,"height":9}},{"id":"8db89e81-db27-4e8b-9cdd-c9a4f7bbcc6d","block_type":"box","text":"The Spread Duration measures the sensitivity of a security's price to","page_number":3,"box":{"x":73,"y":209,"width":366,"height":8}},{"id":"b26a87ec-8874-49a9-84c6-af9e6081251d","block_type":"box","text":"changes in its Option Adjusted Spread (OAS) relative to the Treasury Curve.","page_number":3,"box":{"x":73,"y":220,"width":403,"height":9}},{"id":"2f2f5b77-5850-41a8-acc4-20136272c458","block_type":"box","text":"Ongoing charge","page_number":3,"box":{"x":73,"y":236,"width":89,"height":8}},{"id":"a2a51273-f486-4a3f-b00d-5123917a6311","block_type":"box","text":"The ongoing charge figure represents the costs you can expect to pay","page_number":3,"box":{"x":73,"y":246,"width":372,"height":9}},{"id":"cd4df6f6-1063-4504-954a-0ab2c526521f","block_type":"box","text":"annually based on last year's expenses. The ongoing charges figure is made","page_number":3,"box":{"x":73,"y":258,"width":406,"height":8}},{"id":"71216bbe-164f-49ce-bd76-78c66db6161d","block_type":"box","text":"up of various elements such as the fund management fee, professional","page_number":3,"box":{"x":73,"y":269,"width":381,"height":9}},{"id":"c120ec81-2829-4fb6-a6f2-353c305cee57","block_type":"box","text":"fees, audit fees and custody fees. Performance fees (if payable) are not","page_number":3,"box":{"x":73,"y":280,"width":379,"height":9}},{"id":"d78f6722-22d4-46bf-82ac-41c1af2d9762","block_type":"box","text":"included in this figure.","page_number":3,"box":{"x":73,"y":291,"width":119,"height":9}},{"id":"c0018876-9b54-46d0-a030-360f1da90f18","block_type":"box","text":"Performance fee","page_number":3,"box":{"x":73,"y":307,"width":93,"height":7}},{"id":"2e6946e1-7eac-427b-801e-b3f24721a8fa","block_type":"box","text":"The percentage of any outperformance of the hurdle rate and/or","page_number":3,"box":{"x":73,"y":318,"width":347,"height":8}},{"id":"fd786d08-a4c2-486c-8936-b10e3b759823","block_type":"box","text":"benchmark that will be taken as a performance fee.","page_number":3,"box":{"x":73,"y":329,"width":276,"height":8}},{"id":"656d8d1d-279b-4108-acd4-74f6fcf08bac","block_type":"box","text":"Tracking error (%)","page_number":3,"box":{"x":73,"y":340,"width":103,"height":9}},{"id":"3aada03b-fe0a-486f-ab7c-d7a3c1eca8ca","block_type":"box","text":"A measure of how closely the fund follows its benchmark. A passive fund","page_number":3,"box":{"x":72,"y":350,"width":391,"height":9}},{"id":"6bd62cc9-82ce-4229-8870-fbaa6eae313b","block_type":"box","text":"should have a tracking error close to zero, while an actively managed fund","page_number":3,"box":{"x":73,"y":362,"width":399,"height":8}},{"id":"eef6af64-c146-469f-a5d0-ca697ca41ab9","block_type":"box","text":"would normally have a higher tracking error.","page_number":3,"box":{"x":72,"y":373,"width":240,"height":9}},{"id":"fa49fdc5-09f3-4ad7-93ce-f3568d233506","block_type":"box","text":"NAV","page_number":3,"box":{"x":73,"y":389,"width":22,"height":6}},{"id":"4c350dad-0e5c-4897-808f-36d68b63d700","block_type":"box","text":"NAV is typically an End Of Day valuation using close of market prices to","page_number":3,"box":{"x":73,"y":399,"width":381,"height":9}},{"id":"56121e99-82dc-4fb0-a496-60621a673e8f","block_type":"box","text":"value the individual securities with the portfolio or fund, rolling up to a","page_number":3,"box":{"x":72,"y":410,"width":382,"height":9}},{"id":"b418a05a-a668-494b-8f5b-539bf3b2ec69","block_type":"box","text":"total portfolio or fund level.","page_number":3,"box":{"x":72,"y":422,"width":149,"height":8}},{"id":"96ab7ee1-d0df-460d-a632-78d38bc8a835","block_type":"box","text":"Important information","page_number":3,"box":{"x":73,"y":450,"width":162,"height":10}},{"id":"cdd017d4-adc5-47a0-b96d-6110a72b517c","block_type":"box","text":"THIS IS A MARKETING COMMUNICATION","page_number":3,"box":{"x":73,"y":467,"width":224,"height":6}},{"id":"34649b43-7bff-4938-aa14-720dceb15286","block_type":"box","text":"The source for all performance, portfolio and fund breakdown data is","page_number":3,"box":{"x":73,"y":488,"width":373,"height":9}},{"id":"24003e4d-28e1-486d-90fd-4715a5ed2fd3","block_type":"box","text":"Morningstar unless indicated otherwise. All data is as at the date of the","page_number":3,"box":{"x":73,"y":499,"width":381,"height":9}},{"id":"4b962c01-4f44-49f3-8ab3-ec7509ad242e","block_type":"box","text":"Factsheet, unless indicated otherwise.","page_number":3,"box":{"x":73,"y":511,"width":206,"height":8}},{"id":"eb718898-21dd-425f-a86d-e1e5a8bf396a","block_type":"box","text":"Unless stated otherwise any opinions expressed are those of Aviva","page_number":3,"box":{"x":73,"y":533,"width":356,"height":9}},{"id":"ec2807ad-b6f5-4bd6-b36b-c7a4e2d08a94","block_type":"box","text":"Investors. They should not be viewed as indicating any guarantee of return","page_number":3,"box":{"x":73,"y":544,"width":402,"height":9}},{"id":"090dcc68-905d-458b-8ed6-88e5dc1bbe30","block_type":"box","text":"from an investment managed by Aviva Investors nor as personalised advice","page_number":3,"box":{"x":73,"y":555,"width":405,"height":9}},{"id":"631f6f0b-27a4-4f91-a36e-63671dc15843","block_type":"box","text":"of any nature. This document should not be taken as a recommendation or","page_number":3,"box":{"x":73,"y":567,"width":405,"height":8}},{"id":"2eca34dd-8953-4133-b40d-7c87ae8767fe","block_type":"box","text":"offer","page_number":3,"box":{"x":73,"y":578,"width":25,"height":7}},{"id":"e2f903af-9c94-41fc-9766-cc33f7cdccbe","block_type":"box","text":"by anyone in any jurisdiction in which such an","page_number":3,"box":{"x":102,"y":578,"width":247,"height":8}},{"id":"6ac6f196-6f7b-45c8-b251-dce49c465555","block_type":"box","text":"offer","page_number":3,"box":{"x":353,"y":578,"width":25,"height":7}},{"id":"992313d4-33c6-4309-aed4-a04a6e7081da","block_type":"box","text":"is not authorised","page_number":3,"box":{"x":381,"y":578,"width":90,"height":7}},{"id":"888d9519-adaa-40e3-a6f5-194b3509bbbb","block_type":"box","text":"or to any person to whom it is unlawful to make such an","page_number":3,"box":{"x":73,"y":589,"width":301,"height":9}},{"id":"6dd06e58-633f-4374-887a-95848487d36a","block_type":"box","text":"offer","page_number":3,"box":{"x":378,"y":589,"width":25,"height":7}},{"id":"7daa53c6-904e-48b5-bf5a-4530562e899a","block_type":"box","text":"or","page_number":3,"box":{"x":406,"y":591,"width":11,"height":5}},{"id":"ae97a0ae-af8a-495c-b04b-df3ddf5bbda5","block_type":"box","text":"solicitation. Portfolio holdings are subject to change at any time without","page_number":3,"box":{"x":73,"y":600,"width":391,"height":9}},{"id":"59503490-9f31-4936-bf82-2f1e5820cb2e","block_type":"box","text":"notice and information about specific securities should not be construed as","page_number":3,"box":{"x":73,"y":611,"width":407,"height":9}},{"id":"9c3b6b32-c146-4c41-8189-dea2a80f40a4","block_type":"box","text":"a recommendation to buy or sell any securities.","page_number":3,"box":{"x":73,"y":623,"width":255,"height":8}},{"id":"a2ab0ff8-dd3f-4e0d-b02b-fcdf04208059","block_type":"box","text":"For further information please read the latest Key Investor Information","page_number":3,"box":{"x":73,"y":645,"width":380,"height":8}},{"id":"836ec761-5849-4227-90a5-fe9260dba7b0","block_type":"box","text":"Document and Supplementary Information Document. The Prospectus","page_number":3,"box":{"x":73,"y":656,"width":384,"height":9}},{"id":"222bef0a-40a5-4cda-a90d-9c969fa10251","block_type":"box","text":"and the annual and interim reports are also available on request. Copies in","page_number":3,"box":{"x":73,"y":667,"width":402,"height":9}},{"id":"5de54b15-b223-4cf6-bc1b-de46ecbba354","block_type":"box","text":"English can be obtained, free of charge from Aviva Investors, PO Box 10410,","page_number":3,"box":{"x":73,"y":678,"width":404,"height":9}},{"id":"5af73424-4fa5-40fd-bcf4-e3e63a4b324c","block_type":"box","text":"Chelmsford CM99 2AY. You can also download copies at","page_number":3,"box":{"x":73,"y":690,"width":298,"height":8}},{"id":"319cc305-590a-47bb-a31b-d94172f5c45f","block_type":"box","text":"www.avivainvestors.com","page_number":3,"box":{"x":73,"y":701,"width":133,"height":7}},{"id":"53fb63f6-6077-4a89-a616-d0969c98de97","block_type":"box","text":"Issued by Aviva Investors UK Fund Services Limited, the Authorised Fund","page_number":3,"box":{"x":73,"y":723,"width":390,"height":9}},{"id":"57202e61-f6bf-40b2-ae7e-720390d86434","block_type":"box","text":"Manager. Registered in England & Wales No. 1973412. Authorised and","page_number":3,"box":{"x":73,"y":734,"width":372,"height":9}},{"id":"e8d1dfb6-92fd-4357-8c74-f61d45d44f1e","block_type":"box","text":"regulated by the Financial Conduct Authority. Firm Reference No. 119310.","page_number":3,"box":{"x":73,"y":745,"width":395,"height":9}},{"id":"4db62cd6-87e0-4107-97c9-ec2bdbdcd82b","block_type":"box","text":"Registered address: 80 Fenchurch Street, London, EC3M 4AE. An Aviva","page_number":3,"box":{"x":73,"y":757,"width":374,"height":8}},{"id":"479f7280-27dc-4f6d-bc82-f16ac1ef92b3","block_type":"box","text":"company.","page_number":3,"box":{"x":73,"y":770,"width":52,"height":6}},{"id":"b0fb4b3d-11dc-419b-a50d-55f8a9e55ccd","block_type":"box","text":"Page 3 of 3 | Aviva Investors Multi-Strategy Target Return Fund 2 GBP Acc. As at 31 Jul 2026","page_number":3,"box":{"x":73,"y":954,"width":424,"height":9}}],"unit":"per_mille","page_width":612,"page_height":858,"attributes":{"chunk_type":"page_range","start_page":1,"end_page":3}},"source":{"type":"Model","id":"github:dorsalhub/pdf-extractor","version":"0.4.0","execution_id":"f089e804-8ed1-4ac2-b446-f8ef163dc4a3"},"user_id":1000227,"date_created":"2026-08-23T17:45:32.969000Z","date_modified":"2026-08-23T17:45:32.969000Z","private":false}