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Page 1 of 2
KEY INVESTOR INFORMATION
This document provides you with key investor information about this Fund. It is not marketing material. The information is re quired by law to help you understand the nature and the risks of investing in this Fund. You are advised to read it so you can make an informed decision about whether to invest. Senior ABS Income Fund, Class S, Accumulation shares shares, GBP, a sub - fund of Aviva Investors (ISIN: LU3303598976). The Fund is managed by Aviva Investors Luxembourg S.A. OBJECTIVES AND INVESTMENT POLICY
Objective: The objective of the Fund is to earn income and capital growth over the long term (5 years or more), by investing in a diversified portfolio of high grade structured finance securities. Investment Policy: The Sub - Fund invests mainly in structured finance securities issued globally, including up to 5% of the Sub - Fund’s total net assets in Emerging Markets. Specifically, at all times, the Sub - Fund invests at least two - thirds of total net assets (excluding an cillary liquid assets, eligible deposits, money market instruments and money market funds) in structured finance securities, including but not limited to asset - backed securities (ABS), mortgage - backed securities (MBS), and collateralised loan obligations (CLOs). These bonds may be secured on residential, commercial, auto, consumer or corporate loans, among other asset types. At least 80% of the structured finance securities investments will be into senior tranches, defined as AAA - AA - by St andard & Poor’s and Fitch or Aa3 or higher by Moody’s. The Sub - Fund does not invest in participation rights, or in convertible securities. The Sub - Fund may invest up to 20% of total net assets in investment grade structured finance securities that do not m eet the criteria of senior tranche and up to 5% of total net assets in high yield structured finance securities, defined as BB+ and below by Standard & Poor’s and Fitch or Ba1 and below by Moody’s. The Sub - Fund may also invest in bonds of corporate, govern mental and quasi - governmental issuers and in shares or units of UCITS or other UCIs. For liquidity management purposes, the Sub - Fund may also hold ancillary liquid assets within the meaning of point 9 listed under “Permitted Securities and Transaction” of section “General Investment Restrictions and Eligible Assets for UCITS Fund”. For the same purposes, the Sub - Fund may also invest on an ancillary basis in eligible deposits within the meaning of point 8 of the same section referred to above, money market i nstruments or money market funds. Under unfavourable market circumstances during which the investment strategy would become impossible to continue implementing and the Sub - Fund would no longer be able to achieve its investment objective, the Sub - Fund may, on a temporary basis, invest up to 100% of its net assets in such assets. For the avoidance of doubt, investment in such assets is not part of the core investment policy of the Sub - Fund. Sustainability Disclosures: Sustainability Risk indicators are considered alongside a range of financial and non - financial research, and the sustainability risks or impacts are weighed against all other inputs when considering an investment decision, with no specific limits imposed. Therefore, the Investment Manager retains discretion over which investments are selected. The Investment Manager actively engages with issuers with the aim of positively influencing behaviour and helping to create competitive re turns. In addition, the Sub - Fund has limited exclusions based on the Investment Manager’s Sustainability Risk Policy. This Sub - Fund does not have a sustainable investment objective and the Investment Manager will consider the adverse impacts of an
investment to the extent they are financially material. For further information please refer to the sustainability disclosures section of the prospectus and the website www.avivainvestors.com. The investments underlying this sub - fund do not take into accou nt the E U criteria for environmentally sustainable economic activities. Derivatives and Techniques: The Sub - Fund may use derivatives for hedging, efficient portfolio management and investment purposes. The Sub - Fund’s derivatives may include futures, swap contracts and currency forwards. Securities lending: Expected level: 10% of total net assets; maximum: 20%. Underlying securities in scope: all securities held by the Sub - Fund from time to time. Repurchase agreements: Expected level: 0% of total net assets; maximum: 30%. Underlying securities in scope: bonds. Reverse repurchase agreements: Expected level: 0% of total net assets; maximum: 30%. Underlying securities in scope: bonds Reference currency: GBP Benchmark (performance comparison): Sterling Overnight Index Average (SONIA) Strategy: The Sub - Fund will invest in a diversified pool of ABS with a focus on high quality securitisations. The Investment Manager will seek to utilise its expertise to diversify the portfolio and allocate to attractive global opportunities whilst taking into acc ount the overall risk and reward profile of the Sub - Fund. Benchmark (performance comparison): The Sub - Fund is actively managed and is not constrained by its benchmark. The Sub - Fund’s performance is compared against the SONIA, which has been chosen as it is an achievable performance target and best reflects the scope of the Fund’s investment policy. . The Sub Fund does not base its investment process upon the Index, which is only a representation of the investment universe. Sub - Fund Dealing Day Orders to buy, switch and redeem shares are processed each Business Day. Other information: You can buy and sell shares on demand on any full bank business day in Luxembourg. Recommendation: this Fund may not be appropriate for investors who plan to withdraw their money within 5 years. This is an accumulation share class and any income from the Fund will remain in the Fund and is reflected in the share price. For full investment objectives and policy details please refer to the Prospectus.
RISK AND REWARD PROFILE
1 2 3 4 5 6 7
Lower risk Higher risk Typically lower rewards Typically higher rewards This indicator is based on historical data, calculated using European Union rules, and may not be a reliable indication of the future risk profile of the Fund. The risk and reward category shown is not guaranteed to remain unchanged and may change over time. The lowest category does not mean that the investment is 'risk free'. 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. The Fund has been allocated a risk number based on the historic volatility of its share price or where insufficient information is available appropriate asset classes. Currency risk: Changes in currency exchange rates could reduce investment gains or increase investment losses. Exchange rates can change rapidly, significantly and unpredictably. Emerging markets risk: Compared to developed markets, emerging markets can have greater political instability and limited investor rights and freedoms, and their securities can carry higher equity, market, liquidity, credit and currency risk. Credit risk: A bond or money market security could lose value if the issuer's financial health weakens.
Market risk: Prices of many securities (including bonds, equities and derivatives) change continuously, and can at times fall rapidly and unpredictably. Asset Backed Securities and Mortgage - Backed Securities risk: The Fund may invest in asset ‑ backed securities, whose value depends on the performance of the underlying loans or receivables. Changes in interest rates, early or late repayments, or complex payment structures can reduce or delay returns. In stressed mark et conditions, asset ‑ backed securities can become less liquid and more difficult to value or sell. Derivatives risk: Derivatives are instruments that can be complex and highly volatile, have some degree of unpredictability (especially in unusual market conditions), and can create losses significantly greater than the cost of the derivative itself. Liquidity risk: Certain assets held in the Fund could, by nature, be hard to value or to sell at a desired time or at a price considered to be fair (especially in large quantities), and as a result their prices could be very volatile. Operational risk: Human error or process/system failures, internally or at our service providers, could create losses for the Fund. Collateralised Loan Obligations: In addition to standard debt and ABS risks (e.g., interest rate, credit and default risk), CDOs and CLOs involve further risks, including: (i) collateral cash flows may be insufficient to meet interest or other payments; (ii) collateral may decline in val ue, be downgraded or default; (iii) a Fund may hold subordinated tranches exposed to higher losses; and (iv) their complex structures can be hard to fully assess, creating valuation challenges, potential disputes with issuer s, or unexpected investment outcomes. Interest rate risk — bonds: When interest rates rise, bond values generally fall. This risk is generally greater for longer - term bonds and for bonds with higher credit quality. Full information on the risks applicable to the Fund is detailed in the Prospectus.
Page 2
Page 2 of 2 This key investor information is accurate as at 25 June 2026
CHARGES
One - off charges taken before or after you invest* Entry charge None Exit charge None Charges taken from the Fund over a year Ongoing charges 0.25% Charges taken from the Fund under certain specific conditions Performance fee None *This is the maximum that might be taken out of your money before it is invested / before the proceeds of your investment are paid out. The charges you pay are used to pay the costs of running the Fund, including the costs of marketing and distributing it. These charges reduce the potential growth of your investment.
The entry and exit charges shown are maximum figures. In some cases (including when switching to other funds or share classes in Aviva Investors) you might pay less – you can find the actual entry and exit charges from your financial adviser/distributor. The ongoing charges figure shown here for this new share class is an estimate of the charges. The UCITS annual report for each financial year will include detail on the exact charges. The figure for ongoing charges excludes performance fees and portfolio t ransaction costs, except in the case of an entry/exit charge paid by the Fund when buying or selling units in another collective investment undertaking. A switching charge of up to 1% may be applied when switching to other funds or share classes in Aviva Investors. For more information about charges, including a full explanation of any performance fee (if applicable) please see the charges sections of the Fund's Prospectus.
PAST PERFORMANCE
Share Class
Sterling Overnight Index Average (SONIA)
2021 2022 2023 2024 2025
Past performance is no guide to future performance. The past performance shown in the chart opposite takes into account all charges except entry charges. The Share Class was launched on 25 June 2026. Performance is calculated in the Share Class currency which is GBP. Source: Aviva Investors/Morningstar as at 31 December 2025.
PRACTICAL INFORMATION
BNY Mellon, Asset Servicing, 2 - 4, rue Eugène Ruppert - L - 2453 Luxembourg Other information on Aviva Investors, copies of its Prospectus and of its latest annual and semi - annual reports, may be obtained free of charge, in English, from Aviva Investors Luxembourg S.A., 2 rue du Fort Bourbon, Luxembourg, L 1249, or from the websi te www.avivainvestors.com where the latest available price of shares in the Fund and information on how to buy/sell shares can also be accessed. The Transfer Agent for this fund is BNY Mellon, Transfer Agency Lux, Asset Servicing, 2 - 4, rue Eugène Ruppert - L - 2453 Luxembourg. You may switch between other funds or share classes in Aviva Investors subject to provisions of the Section "Investing in the Sub - Funds" of the Prospectus. Aviva Investors is subject to the tax laws and regulations of Luxembourg. This might have an impact on your personal tax position that you should verify with a tax advisor in your country of residence. Aviva Investors is an open ended investment company organised as a Société d'Investissement à Capital Variable (SICAV) with several sub - funds. This key investor information document describes one sub - fund of the SICAV. The
liabilities of each fund are segregated and the assets of this Fund will not be used to pay debts of other funds. Aviva Investors Luxembourg S.A. may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the Prospectus of the Fund. The details of the up - to - date remunerat ion policy of the Management Company, including the composition of its remuneration committee, a description of the key remuneration elements and an overview of how remuneration is determined, are available on the website www.avivainvestors.com. A paper co py of the remuneration policy can be made available upon request and free of charge at the Management Company's registered office. The Representative and Paying Agent in Switzerland is BNP Paribas, Paris, Zurich branch, Selnaustrasse 16, 8002 Zurich, Switzerland. The Prospectus, the Key Investor Information Documents (KIIDs), the Articles of Incorporation as well as the Annual and Sem i - Annual Reports may be obtained free of charge from the Representative in Switzerland. The Sub - Fund launched on 25 June 2026, is authorised in Luxembourg and supervised by Commission de Surveillance du Secteur Financier. The Management Company is authorised in Luxembourg and supervised by the Commission de Surveillance du Secteur Financier.
0
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