{"annotation_id":"6026ea70-1acf-41eb-bd16-f3c9ed489de7","file_hash":"a4f59fb656b41045b7598384eacd2840b3147771cb7dadf89116d2262da52637","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.4.0","blocks":[{"id":"3ba9e137-3985-4996-9ae7-dd7ddee0ebaf","block_type":"box","text":"Fund overview","page_number":1,"box":{"x":73,"y":160,"width":105,"height":8}},{"id":"f492666d-5420-40ea-a63a-1f85646790f0","block_type":"box","text":"Objective:","page_number":1,"box":{"x":73,"y":177,"width":57,"height":8}},{"id":"588949e4-6004-4df7-bb63-90ac5a3824bd","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":"83119854-65ad-44ec-a332-4458f912409f","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":"62942b2f-69a3-481c-a636-418e47f27b4d","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":"f71fdfdb-5098-48e0-b8ed-34b8d9e13625","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":"6887b341-62b0-4f92-a7df-5f9be778645f","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":"6bc77f9e-8fbc-4156-b525-42f2e42e05c6","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":"37bfe7f9-da0f-4388-8a96-9143c76b628c","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":"51486e48-6fa7-4569-acce-2d1625106ed4","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":"8c0e0e43-2cc3-4c85-bd37-25a9ba4d8790","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":"5aa05972-2ccb-48a2-8167-40db1c485e7f","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":"834d01d3-d65e-45c9-92f8-e9acf2ec315a","block_type":"box","text":"capital is at risk.","page_number":1,"box":{"x":73,"y":289,"width":86,"height":8}},{"id":"54e5daf1-91b5-4419-bf9c-1241a9b74e5d","block_type":"box","text":"Investments:","page_number":1,"box":{"x":73,"y":306,"width":74,"height":7}},{"id":"cc485101-e467-4748-aff9-b151cd60b025","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":"094d1844-e568-4ed9-82f0-e9197b5cbc8a","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":"69aa0221-5c87-43de-b97c-de43b0bfbe22","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":"083ab077-ce89-4bab-8fe4-a7fc19eb1661","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":"f6e4f5fc-947b-4906-ac7f-a55efdb49e02","block_type":"box","text":"use of derivative instruments for investment purposes.","page_number":1,"box":{"x":73,"y":350,"width":295,"height":9}},{"id":"1266b8cb-5d0d-4cab-8dce-87bb578a2718","block_type":"box","text":"Strategy:","page_number":1,"box":{"x":73,"y":383,"width":51,"height":8}},{"id":"d35fbdea-18cb-49d2-a621-b6379be517e7","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":"bd981319-af31-44af-a07c-a7bc0506fb2a","block_type":"box","text":"advantage from market","page_number":1,"box":{"x":73,"y":393,"width":126,"height":9}},{"id":"de8b12a8-c17d-455e-b2be-5aec26d24c4d","block_type":"box","text":"inefficiencies","page_number":1,"box":{"x":203,"y":393,"width":70,"height":7}},{"id":"8e0c2bf2-e59a-4200-9903-ec84a033a0e6","block_type":"box","text":"taking both long and short positions","page_number":1,"box":{"x":277,"y":393,"width":196,"height":9}},{"id":"85ef9443-3a0c-42f1-b9a3-c422e0f1c8d6","block_type":"box","text":"on companies and indices.","page_number":1,"box":{"x":73,"y":405,"width":143,"height":8}},{"id":"22364096-5aba-4e13-a80a-7219211b687e","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":"48f81df3-1bcb-4cca-9d51-3ccfed7207c6","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":"9f8f0853-a2fb-4b73-a8a2-3760bea774f3","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":"f6297175-4b7d-49e0-bef7-d5e5a74e9752","block_type":"box","text":"Key facts","page_number":1,"box":{"x":73,"y":469,"width":63,"height":10}},{"id":"9f297a9a-d213-4e53-a36b-e61e4b3597f5","block_type":"box","text":"Fund Managers","page_number":1,"box":{"x":73,"y":486,"width":82,"height":8}},{"id":"d7617aa7-3380-4eec-8ce3-a6aaf1ca1e08","block_type":"box","text":"*Ian Pizer","page_number":1,"box":{"x":331,"y":486,"width":56,"height":6}},{"id":"ec5bc4d1-2649-4ad7-9df8-3db615eba4e4","block_type":"box","text":"since 06/05/2021","page_number":1,"box":{"x":390,"y":486,"width":90,"height":8}},{"id":"eab71dd2-7e4b-43d2-aa1e-8c0f86f3f86c","block_type":"box","text":"Patrick Bartholet","page_number":1,"box":{"x":289,"y":497,"width":97,"height":7}},{"id":"487640f2-4f16-4507-91eb-4a08ab782111","block_type":"box","text":"since 31/01/2026","page_number":1,"box":{"x":390,"y":497,"width":90,"height":8}},{"id":"afb00db5-441f-44ee-a2e4-107c16401c1e","block_type":"box","text":"Ralph Maison","page_number":1,"box":{"x":311,"y":508,"width":75,"height":8}},{"id":"2949dbc6-9c76-40af-9d27-43cd4274cce8","block_type":"box","text":"since 31/01/2026","page_number":1,"box":{"x":390,"y":508,"width":90,"height":8}},{"id":"d62be47e-e093-42ad-8a84-4bef07d4520b","block_type":"box","text":"Legal Form","page_number":1,"box":{"x":73,"y":520,"width":58,"height":9}},{"id":"61515aee-bcce-44c1-85d3-6c8f3e74bb45","block_type":"box","text":"Open Ended Investment Company","page_number":1,"box":{"x":286,"y":520,"width":195,"height":8}},{"id":"17765e19-a402-471a-bf7f-2bad8ffccc81","block_type":"box","text":"Domicile","page_number":1,"box":{"x":73,"y":533,"width":47,"height":7}},{"id":"66a369b7-fe8b-4d14-8fd1-9152e19a3008","block_type":"box","text":"United Kingdom","page_number":1,"box":{"x":389,"y":533,"width":91,"height":8}},{"id":"29e3e280-4ca0-4ac1-86fd-4d2b81413a04","block_type":"box","text":"Share Class Inception Date","page_number":1,"box":{"x":73,"y":546,"width":143,"height":8}},{"id":"f0a97742-af73-4f9a-94fd-fb67297057aa","block_type":"box","text":"01/07/2014","page_number":1,"box":{"x":417,"y":546,"width":64,"height":8}},{"id":"84c5164a-8b3e-4aed-ac19-92a150c2f1e4","block_type":"box","text":"Fund launch date","page_number":1,"box":{"x":73,"y":558,"width":93,"height":7}},{"id":"0f7dab72-b345-4e25-ac46-376e096d0665","block_type":"box","text":"01/07/2014","page_number":1,"box":{"x":417,"y":559,"width":64,"height":8}},{"id":"f803bed6-9034-4472-b0ba-2025156c0672","block_type":"box","text":"Hedged Share Class Flag","page_number":1,"box":{"x":73,"y":571,"width":132,"height":9}},{"id":"904f89dc-e2f4-4c9c-b876-5188863b3c2f","block_type":"box","text":"No","page_number":1,"box":{"x":466,"y":572,"width":15,"height":6}},{"id":"88079aef-2778-43dd-a6c5-4b5b084ce814","block_type":"box","text":"Entry Fees (max.)","page_number":1,"box":{"x":73,"y":584,"width":92,"height":9}},{"id":"37a9c192-8da1-4f2b-bbe8-53963977524b","block_type":"box","text":"None","page_number":1,"box":{"x":452,"y":585,"width":28,"height":6}},{"id":"c6611e91-aac0-46ba-85f6-758b5ebb0899","block_type":"box","text":"Exit Charge","page_number":1,"box":{"x":73,"y":597,"width":60,"height":9}},{"id":"083c957f-1c16-4d75-9dbb-0c5ae9650c84","block_type":"box","text":"None","page_number":1,"box":{"x":452,"y":597,"width":28,"height":7}},{"id":"6c3909ef-f03f-4e02-bc29-3f7c1271e59b","block_type":"box","text":"Ongoing Charges","page_number":1,"box":{"x":73,"y":610,"width":92,"height":8}},{"id":"e815c041-8706-4cd4-9823-cec0b2f3e4f2","block_type":"box","text":"0.85% (as at 30/06/2026)","page_number":1,"box":{"x":340,"y":610,"width":140,"height":8}},{"id":"ee5a85fb-92a5-424e-82cf-f1a6d4f7956a","block_type":"box","text":"Fund Management Fee","page_number":1,"box":{"x":73,"y":623,"width":122,"height":8}},{"id":"d1b89ed5-ca02-4dc6-9bd3-fa3ea7544006","block_type":"box","text":"0.85%","page_number":1,"box":{"x":446,"y":623,"width":35,"height":6}},{"id":"65efc758-ba83-45c3-90bd-6713e1867595","block_type":"box","text":"Performance Fee (max.)","page_number":1,"box":{"x":73,"y":635,"width":127,"height":9}},{"id":"241a5d5d-2e92-4375-9f63-2fd221924a67","block_type":"box","text":"None","page_number":1,"box":{"x":452,"y":636,"width":28,"height":6}},{"id":"5c88d2c4-fa9b-4a68-b463-f82208024f8c","block_type":"box","text":"Performance benchmark","page_number":1,"box":{"x":85,"y":647,"width":134,"height":7}},{"id":"6b73d60c-44ca-44b3-af65-aa942e445a90","block_type":"box","text":"Bank of England Base Rate +3%","page_number":1,"box":{"x":302,"y":647,"width":179,"height":9}},{"id":"e98932a5-cd80-4a27-b838-24f87f830193","block_type":"box","text":"Volatility benchmark","page_number":1,"box":{"x":84,"y":659,"width":113,"height":8}},{"id":"d51f246c-ca9f-482f-9b52-7d256e85b634","block_type":"box","text":"MSCI® All Country World Index","page_number":1,"box":{"x":308,"y":658,"width":173,"height":9}},{"id":"f9cfcd54-c538-43e0-ac57-553d1360ee00","block_type":"box","text":"Risk measurement","page_number":1,"box":{"x":73,"y":683,"width":133,"height":8}},{"id":"80cb6dfe-36ef-4dcd-9f86-bce5b4590150","block_type":"box","text":"(As at 31st Jul 2026)","page_number":1,"box":{"x":210,"y":684,"width":106,"height":9}},{"id":"4bf598f9-fec5-4394-a3f2-1a65ef163f44","block_type":"box","text":"1","page_number":1,"box":{"x":98,"y":706,"width":7,"height":9}},{"id":"4e7b9aa2-1642-492a-b03e-c423fe28c0a2","block_type":"box","text":"2","page_number":1,"box":{"x":156,"y":706,"width":8,"height":9}},{"id":"4c0cfbbf-5893-4a11-8745-8a52f94c05a2","block_type":"box","text":"3","page_number":1,"box":{"x":214,"y":706,"width":8,"height":9}},{"id":"b5a36693-fcb4-40e6-bea2-570bf6e7feb5","block_type":"box","text":"4","page_number":1,"box":{"x":270,"y":703,"width":13,"height":13}},{"id":"a9a6dcfe-18d1-4292-b962-da915ae0db4f","block_type":"box","text":"5","page_number":1,"box":{"x":331,"y":706,"width":8,"height":9}},{"id":"f603ef0b-d7d6-4700-a0c3-dd218d6df04e","block_type":"box","text":"6","page_number":1,"box":{"x":390,"y":706,"width":7,"height":9}},{"id":"db2e28b1-56bf-4940-94ae-5e76fcd96949","block_type":"box","text":"7","page_number":1,"box":{"x":448,"y":706,"width":8,"height":9}},{"id":"1c5d5873-4adb-4701-93ea-8b3f6a8ba0f1","block_type":"box","text":"Lower risk","page_number":1,"box":{"x":73,"y":737,"width":59,"height":7}},{"id":"5a9af5aa-8107-4689-9707-bbc5a79c799c","block_type":"box","text":"Higher risk","page_number":1,"box":{"x":419,"y":737,"width":62,"height":9}},{"id":"44504210-6abb-4200-b908-c6b00d9925f1","block_type":"box","text":"Potentially lower returns","page_number":1,"box":{"x":73,"y":748,"width":133,"height":9}},{"id":"1b323b5e-60ec-4435-abba-33afb0f9fa1d","block_type":"box","text":"Potentially higher returns","page_number":1,"box":{"x":344,"y":748,"width":136,"height":9}},{"id":"012bb642-7458-4a0a-89ea-2186e4a3cb52","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":"44105a85-a115-4bf0-ae8c-628f296b43cc","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":"84cee09a-49c1-4697-986c-f557369f3cea","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":"052daf85-ae29-431a-b5cc-added526f867","block_type":"box","text":"Performance","page_number":1,"box":{"x":519,"y":160,"width":91,"height":8}},{"id":"53b85c02-88ee-4857-a8e7-20fd4a07b03f","block_type":"box","text":"Cumulative","page_number":1,"box":{"x":683,"y":177,"width":66,"height":7}},{"id":"df04a7d9-fe7e-4524-80cc-e94c1e749b89","block_type":"box","text":"(%)","page_number":1,"box":{"x":756,"y":177,"width":16,"height":8}},{"id":"4593f8fe-8dc9-4807-9ceb-c13c31f95e84","block_type":"box","text":"Annualised","page_number":1,"box":{"x":836,"y":177,"width":63,"height":7}},{"id":"147ee1fd-12b3-4aef-94bf-422b30684ebe","block_type":"box","text":"(%)","page_number":1,"box":{"x":907,"y":177,"width":16,"height":8}},{"id":"f51f2c8b-49e1-40c3-81b9-7aa4b1c1f464","block_type":"box","text":"1M","page_number":1,"box":{"x":621,"y":200,"width":11,"height":5}},{"id":"1b0a5029-1407-4fb0-a214-a22de14feee1","block_type":"box","text":"3M","page_number":1,"box":{"x":659,"y":200,"width":12,"height":5}},{"id":"a7b7ce79-6a09-4c52-a962-cdbd6c2b1557","block_type":"box","text":"6M","page_number":1,"box":{"x":698,"y":200,"width":11,"height":5}},{"id":"ecc58771-6172-4959-ad6e-5ca7c4ae9aae","block_type":"box","text":"YTD","page_number":1,"box":{"x":732,"y":200,"width":17,"height":5}},{"id":"04a57e02-6d11-406a-849d-2dbd00ab6252","block_type":"box","text":"1Y","page_number":1,"box":{"x":774,"y":200,"width":9,"height":5}},{"id":"04dd3a45-d39f-4d93-979f-af4c22de099d","block_type":"box","text":"5Y","page_number":1,"box":{"x":817,"y":200,"width":10,"height":5}},{"id":"8fd9dae7-29d2-4bf0-97a4-a904b714bce0","block_type":"box","text":"10Y","page_number":1,"box":{"x":851,"y":200,"width":15,"height":5}},{"id":"6d5cb327-4859-43ac-aa84-ae5b3f6336d2","block_type":"box","text":"Since","page_number":1,"box":{"x":899,"y":196,"width":22,"height":5}},{"id":"534339f3-f344-4559-86d6-72d0c6b3e1df","block_type":"box","text":"inception","page_number":1,"box":{"x":882,"y":203,"width":39,"height":7}},{"id":"837c045f-7b60-406f-a199-4c60fb72fa5e","block_type":"box","text":"Net","page_number":1,"box":{"x":531,"y":222,"width":17,"height":6}},{"id":"4bbcc4d5-d43c-4591-858a-3cacdbc74bd8","block_type":"box","text":"-0.66","page_number":1,"box":{"x":610,"y":222,"width":22,"height":6}},{"id":"59a24a6d-c8c3-49f4-a78d-dc94d90c38ff","block_type":"box","text":"0.65","page_number":1,"box":{"x":652,"y":222,"width":19,"height":6}},{"id":"cbe9d739-5ea9-44b2-abaf-39bad9472742","block_type":"box","text":"-0.80","page_number":1,"box":{"x":687,"y":222,"width":23,"height":6}},{"id":"74d788d4-8d9e-4476-a348-75897817f169","block_type":"box","text":"0.70","page_number":1,"box":{"x":730,"y":222,"width":18,"height":6}},{"id":"66c76c6e-40f2-43a4-b9d8-edc962a19fa3","block_type":"box","text":"3.30","page_number":1,"box":{"x":763,"y":222,"width":19,"height":6}},{"id":"9b3524ab-f934-427e-abc5-3837e6de0fdc","block_type":"box","text":"5.22","page_number":1,"box":{"x":807,"y":222,"width":19,"height":6}},{"id":"5fad4f04-3f14-4374-a1d5-214097e013a0","block_type":"box","text":"3.28","page_number":1,"box":{"x":846,"y":222,"width":19,"height":6}},{"id":"5d52a3ec-1085-4ae7-99f9-4db2861b6940","block_type":"box","text":"3.37","page_number":1,"box":{"x":902,"y":222,"width":19,"height":6}},{"id":"dc9af352-33b0-4a72-b34f-b220f4b4d02b","block_type":"box","text":"Gross","page_number":1,"box":{"x":531,"y":243,"width":27,"height":6}},{"id":"76fb729e-e88a-49c2-819a-bb6605b618c3","block_type":"box","text":"-0.59","page_number":1,"box":{"x":610,"y":243,"width":22,"height":6}},{"id":"49b93f16-0bca-4805-b1e2-d9861cf56649","block_type":"box","text":"0.87","page_number":1,"box":{"x":652,"y":243,"width":19,"height":6}},{"id":"f57a2b70-0c2f-43ab-9c77-711222a5a34f","block_type":"box","text":"-0.38","page_number":1,"box":{"x":687,"y":243,"width":23,"height":6}},{"id":"85c3dc87-6fed-4a6a-a5a6-da564a814c6a","block_type":"box","text":"1.20","page_number":1,"box":{"x":730,"y":243,"width":18,"height":6}},{"id":"8c3b86c8-6da3-480e-9d51-302881ef1f22","block_type":"box","text":"4.18","page_number":1,"box":{"x":763,"y":243,"width":19,"height":6}},{"id":"a581dc1f-e168-4657-a877-817fce56f4b9","block_type":"box","text":"6.11","page_number":1,"box":{"x":807,"y":243,"width":19,"height":6}},{"id":"1d53ca4c-d4ce-449d-9c68-6ad04f24aff4","block_type":"box","text":"4.16","page_number":1,"box":{"x":846,"y":243,"width":19,"height":6}},{"id":"5e5e9a61-0827-4256-837b-d37c119ac71c","block_type":"box","text":"4.25","page_number":1,"box":{"x":902,"y":243,"width":19,"height":6}},{"id":"c2994a05-6f0e-4786-8283-0646c04b8d9b","block_type":"box","text":"Benchmark","page_number":1,"box":{"x":531,"y":264,"width":57,"height":6}},{"id":"c7f7998f-27ba-4335-9819-c7955a17448c","block_type":"box","text":"0.57","page_number":1,"box":{"x":613,"y":265,"width":19,"height":5}},{"id":"4501826d-67e6-473b-9422-ec791cbf44d9","block_type":"box","text":"1.69","page_number":1,"box":{"x":652,"y":265,"width":19,"height":5}},{"id":"437215a7-3066-4bfd-823c-5213d7232442","block_type":"box","text":"3.35","page_number":1,"box":{"x":691,"y":265,"width":19,"height":5}},{"id":"af174b71-d49d-4de4-865c-df8d4bd32d7c","block_type":"box","text":"3.95","page_number":1,"box":{"x":729,"y":265,"width":19,"height":5}},{"id":"5a71de8d-cdf3-4862-a7c9-bc319ae9717c","block_type":"box","text":"7.81","page_number":1,"box":{"x":763,"y":265,"width":19,"height":5}},{"id":"6def77e6-d0bf-4101-a039-7557daf5ba86","block_type":"box","text":"8.46","page_number":1,"box":{"x":807,"y":265,"width":19,"height":5}},{"id":"dfc4ec03-d869-484d-a1ab-16c5c3b1408e","block_type":"box","text":"6.94","page_number":1,"box":{"x":846,"y":265,"width":19,"height":5}},{"id":"8cc63e6f-da69-465a-9b2e-bc064b772f57","block_type":"box","text":"6.69","page_number":1,"box":{"x":902,"y":265,"width":19,"height":5}},{"id":"69a9dba9-bf53-4798-b9f5-56f8ebd1fc6b","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":"d2cab087-ea51-428a-b3bb-0f978096419d","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":"32cd8597-1732-4cff-ad33-cac61e77b1ba","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":"23a7f711-03cb-4951-a31b-186351b5107f","block_type":"box","text":"fund. The figures do not include the","page_number":1,"box":{"x":518,"y":320,"width":169,"height":8}},{"id":"dcf37e60-273b-4030-b016-980445afc288","block_type":"box","text":"effect","page_number":1,"box":{"x":690,"y":320,"width":26,"height":6}},{"id":"b7862dcc-81be-4383-8456-599c95770bac","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":"a79bf9de-fe1d-45b1-8ae0-e54c6b48723b","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":"c14a6b0a-1a51-4140-a311-097b5a10a270","block_type":"box","text":"Calendar year returns","page_number":1,"box":{"x":519,"y":349,"width":155,"height":10}},{"id":"df8bf84f-c4d5-4783-be34-6877421ba53d","block_type":"box","text":"2021","page_number":1,"box":{"x":661,"y":374,"width":20,"height":5}},{"id":"e9022d48-e6fb-49a0-8c38-468eb5f45e23","block_type":"box","text":"2022","page_number":1,"box":{"x":722,"y":374,"width":20,"height":5}},{"id":"4d505aaf-2721-47cf-a1ca-1501e0461beb","block_type":"box","text":"2023","page_number":1,"box":{"x":784,"y":374,"width":20,"height":5}},{"id":"aa02c074-feef-495b-8d77-534e35d8d518","block_type":"box","text":"2024","page_number":1,"box":{"x":845,"y":374,"width":20,"height":5}},{"id":"42a8abbb-764e-43c3-bf8a-39a4815ba942","block_type":"box","text":"2025","page_number":1,"box":{"x":898,"y":374,"width":20,"height":5}},{"id":"c6507117-e213-4845-bee4-0353c4db98b7","block_type":"box","text":"Fund net","page_number":1,"box":{"x":527,"y":394,"width":44,"height":5}},{"id":"5525bcfb-ab1c-4a0b-91e8-e3c0782ab72d","block_type":"box","text":"2.02%","page_number":1,"box":{"x":653,"y":394,"width":28,"height":5}},{"id":"2436046f-328f-4488-81f3-cf709edd0f81","block_type":"box","text":"5.44%","page_number":1,"box":{"x":714,"y":394,"width":28,"height":5}},{"id":"47cf78bf-c436-42f2-b78b-6bd85322e2ad","block_type":"box","text":"5.81%","page_number":1,"box":{"x":775,"y":394,"width":29,"height":5}},{"id":"b5e7ae37-5964-4fea-b640-fcdd3aa90896","block_type":"box","text":"3.69%","page_number":1,"box":{"x":836,"y":394,"width":29,"height":5}},{"id":"06834ce0-c135-4132-8185-f004f92f4f16","block_type":"box","text":"8.66%","page_number":1,"box":{"x":889,"y":394,"width":29,"height":5}},{"id":"54e47acf-324c-4841-86a5-9b8969c60ab1","block_type":"box","text":"Benchmark","page_number":1,"box":{"x":527,"y":414,"width":57,"height":6}},{"id":"d32b174a-d230-4425-91e4-15331526ff92","block_type":"box","text":"5.11%","page_number":1,"box":{"x":653,"y":414,"width":28,"height":6}},{"id":"7da9640f-809e-44c5-8f38-c6abad8c1add","block_type":"box","text":"6.53%","page_number":1,"box":{"x":714,"y":414,"width":28,"height":6}},{"id":"17ae7390-0577-4bc8-896b-bf40baba3b40","block_type":"box","text":"9.91%","page_number":1,"box":{"x":775,"y":414,"width":29,"height":6}},{"id":"6bada967-9a3a-4aa1-9cec-17d9dbeea37f","block_type":"box","text":"10.39%","page_number":1,"box":{"x":831,"y":414,"width":34,"height":6}},{"id":"bc39f754-8ef3-4230-9a99-dfe058ea92c2","block_type":"box","text":"9.42%","page_number":1,"box":{"x":889,"y":414,"width":29,"height":6}},{"id":"b448b7c0-daf7-4ee8-b3bd-ace714d85c68","block_type":"box","text":"2016","page_number":1,"box":{"x":661,"y":435,"width":20,"height":5}},{"id":"1b9b938a-1b55-4bd7-b785-9e64014582dc","block_type":"box","text":"2017","page_number":1,"box":{"x":722,"y":435,"width":20,"height":5}},{"id":"38caed73-6572-49a8-a1ab-4f7326574119","block_type":"box","text":"2018","page_number":1,"box":{"x":784,"y":435,"width":20,"height":5}},{"id":"07dbe6b2-bc37-446d-8383-2aa608a9fcf0","block_type":"box","text":"2019","page_number":1,"box":{"x":845,"y":435,"width":20,"height":5}},{"id":"064751d4-abef-43f0-a8fd-31355a3f151e","block_type":"box","text":"2020","page_number":1,"box":{"x":898,"y":435,"width":20,"height":5}},{"id":"e185057c-1c01-4d88-991f-8c9869d1c24c","block_type":"box","text":"Fund net","page_number":1,"box":{"x":527,"y":455,"width":44,"height":6}},{"id":"db518b8e-2a2f-4094-a8d5-96e0ab6770b4","block_type":"box","text":"1.07%","page_number":1,"box":{"x":653,"y":455,"width":28,"height":6}},{"id":"86b3dee0-7685-4f10-841e-51924f3ee68b","block_type":"box","text":"-2.14%","page_number":1,"box":{"x":710,"y":455,"width":32,"height":6}},{"id":"43e8cf5c-0872-4cfb-b994-7cf2a26f7fbd","block_type":"box","text":"-6.15%","page_number":1,"box":{"x":772,"y":455,"width":32,"height":6}},{"id":"2e66a412-4c36-4d2f-826e-9b230b85b6bb","block_type":"box","text":"9.93%","page_number":1,"box":{"x":837,"y":455,"width":28,"height":6}},{"id":"78feb47a-a4b0-4c17-a3b3-25b1c7d5f2a3","block_type":"box","text":"3.55%","page_number":1,"box":{"x":889,"y":455,"width":29,"height":6}},{"id":"541efe13-2bde-4752-ae62-24097947e837","block_type":"box","text":"Benchmark","page_number":1,"box":{"x":527,"y":476,"width":57,"height":5}},{"id":"e37f9fe3-9378-42c2-b219-c624a37ee83d","block_type":"box","text":"5.43%","page_number":1,"box":{"x":653,"y":476,"width":28,"height":5}},{"id":"ed356ed8-29b1-4ee3-b887-ae08aaa22cfc","block_type":"box","text":"5.30%","page_number":1,"box":{"x":714,"y":476,"width":28,"height":5}},{"id":"687832a7-3cb1-4d92-8d61-df456bddc295","block_type":"box","text":"5.63%","page_number":1,"box":{"x":775,"y":476,"width":29,"height":5}},{"id":"5b4c0007-0b00-4030-8e28-22cefc4872ea","block_type":"box","text":"5.79%","page_number":1,"box":{"x":836,"y":476,"width":29,"height":5}},{"id":"24a77e0f-f528-4ca2-8477-70d55bdfaad6","block_type":"box","text":"5.26%","page_number":1,"box":{"x":889,"y":476,"width":29,"height":5}},{"id":"6d765880-222e-4a2b-8f5b-45de5ad3083e","block_type":"box","text":"Cumulative performance","page_number":1,"box":{"x":519,"y":504,"width":177,"height":11}},{"id":"46d4430e-b2a0-4f5d-a32e-131ef738d35f","block_type":"box","text":"(%) (last 5 years, if applicable)","page_number":1,"box":{"x":701,"y":506,"width":159,"height":8}},{"id":"17485a65-24f1-4009-90a1-b3170278c3c5","block_type":"box","text":"FUND NET","page_number":1,"box":{"x":562,"y":522,"width":48,"height":5}},{"id":"db6adb66-bf46-4646-862f-767d70313ca3","block_type":"box","text":"End value:","page_number":1,"box":{"x":825,"y":522,"width":48,"height":5}},{"id":"542f7768-6c1b-43fd-b962-e9922a01f1af","block_type":"box","text":"28.95%","page_number":1,"box":{"x":887,"y":524,"width":34,"height":5}},{"id":"3ac5ffe5-b1e7-4e6d-b00c-0059d8584f34","block_type":"box","text":"FUND GROSS","page_number":1,"box":{"x":562,"y":538,"width":62,"height":6}},{"id":"ea0e1c72-193b-42c3-bcdd-54cfe3b5d79a","block_type":"box","text":"End value:","page_number":1,"box":{"x":825,"y":538,"width":48,"height":6}},{"id":"7e638723-b67f-41aa-83e5-781c95550bb0","block_type":"box","text":"34.53%","page_number":1,"box":{"x":887,"y":540,"width":34,"height":5}},{"id":"5dfd5b8d-bbf8-4abe-8952-06e4d4f27bfc","block_type":"box","text":"BENCHMARK: Bank of England Base Rate + 3%","page_number":1,"box":{"x":562,"y":554,"width":218,"height":7}},{"id":"d3ff2fa0-482f-48c2-b171-4e0c00ec5fa1","block_type":"box","text":"End value:","page_number":1,"box":{"x":825,"y":554,"width":48,"height":6}},{"id":"f89c8b43-fa00-45d1-a159-1404350ddf90","block_type":"box","text":"50.12%","page_number":1,"box":{"x":887,"y":556,"width":34,"height":5}},{"id":"75bfbc56-a433-4d88-8b08-e76bb23a4c87","block_type":"box","text":"-15","page_number":1,"box":{"x":525,"y":696,"width":13,"height":5}},{"id":"9ac0580b-f870-4e65-8075-4f5ade763eeb","block_type":"box","text":"0","page_number":1,"box":{"x":534,"y":671,"width":4,"height":5}},{"id":"d3b7d799-1124-4fb5-8ff6-67e5e6b24b18","block_type":"box","text":"15","page_number":1,"box":{"x":529,"y":645,"width":9,"height":6}},{"id":"fce83676-1071-4921-a67c-f8b89fb764f9","block_type":"box","text":"30","page_number":1,"box":{"x":528,"y":620,"width":10,"height":5}},{"id":"ddc28c61-461e-4654-a4fd-f3982581796b","block_type":"box","text":"45","page_number":1,"box":{"x":528,"y":595,"width":10,"height":5}},{"id":"049e01db-0c55-46b7-9d6e-eabb254f9180","block_type":"box","text":"60","page_number":1,"box":{"x":528,"y":569,"width":10,"height":5}},{"id":"d587ce75-f6ff-436f-a273-c0eb1abb004b","block_type":"box","text":"Jul","page_number":1,"box":{"x":545,"y":703,"width":11,"height":5}},{"id":"36ebbe79-d035-4c8b-93c9-93b4263f9c08","block_type":"box","text":"'21","page_number":1,"box":{"x":560,"y":703,"width":11,"height":5}},{"id":"80978212-bae5-4210-8ba5-2bf3356ca9ce","block_type":"box","text":"Jul","page_number":1,"box":{"x":607,"y":703,"width":11,"height":5}},{"id":"43b7b965-509f-4ed8-955b-c3b2bcffce31","block_type":"box","text":"'22","page_number":1,"box":{"x":622,"y":703,"width":12,"height":5}},{"id":"5c1200a7-c7bd-4c5b-84fd-5111d642fe89","block_type":"box","text":"Jul","page_number":1,"box":{"x":684,"y":703,"width":11,"height":5}},{"id":"e130a857-a1a2-45ee-9441-1569bfb803fa","block_type":"box","text":"'23","page_number":1,"box":{"x":699,"y":703,"width":12,"height":5}},{"id":"4b8e934a-c414-4c5e-b28a-964b21b6c5c8","block_type":"box","text":"Jul","page_number":1,"box":{"x":761,"y":703,"width":11,"height":5}},{"id":"4bed7320-2490-40a0-a9d0-4dcedc42a86d","block_type":"box","text":"'24","page_number":1,"box":{"x":776,"y":703,"width":12,"height":5}},{"id":"c4d6bb2f-8512-4371-b95e-46c8bfa92cff","block_type":"box","text":"Jul","page_number":1,"box":{"x":838,"y":703,"width":11,"height":5}},{"id":"6c55054b-b8eb-453e-94a7-96dede2d3367","block_type":"box","text":"'25","page_number":1,"box":{"x":853,"y":703,"width":12,"height":5}},{"id":"32b613e0-614a-4b97-8e29-31690e5652d2","block_type":"box","text":"Jul","page_number":1,"box":{"x":900,"y":703,"width":12,"height":5}},{"id":"66411120-e766-4606-a803-c878eef1bf2d","block_type":"box","text":"'26","page_number":1,"box":{"x":915,"y":703,"width":12,"height":5}},{"id":"c8512310-e7b2-4952-851c-1b048ffd4949","block_type":"box","text":"Rolling annual net performance","page_number":1,"box":{"x":519,"y":744,"width":226,"height":10}},{"id":"75faea4f-7937-4334-a621-060e1539e193","block_type":"box","text":"(%)","page_number":1,"box":{"x":749,"y":745,"width":16,"height":9}},{"id":"0d0f838e-a833-4343-8536-00f7ab65c73f","block_type":"box","text":"0","page_number":1,"box":{"x":520,"y":870,"width":5,"height":5}},{"id":"bc85657c-bd04-4665-87df-86629162f753","block_type":"box","text":"5","page_number":1,"box":{"x":520,"y":834,"width":5,"height":5}},{"id":"2c1a16ad-41b7-4f8b-b11a-a1a997e49f72","block_type":"box","text":"10","page_number":1,"box":{"x":516,"y":798,"width":9,"height":5}},{"id":"b5dfe00f-076b-4001-9b4a-f1a4098565d4","block_type":"box","text":"15","page_number":1,"box":{"x":516,"y":762,"width":9,"height":5}},{"id":"6313406c-794f-4b72-b972-fd3248963e60","block_type":"box","text":"Jun","page_number":1,"box":{"x":545,"y":878,"width":15,"height":5}},{"id":"e4fcc93b-29a1-49b6-b008-db4dedc666e7","block_type":"box","text":"21","page_number":1,"box":{"x":564,"y":878,"width":8,"height":5}},{"id":"c61dc527-cd64-40aa-aad6-4aa4ecc23cb9","block_type":"box","text":"-","page_number":1,"box":{"x":577,"y":881,"width":3,"height":1}},{"id":"05d6035a-a449-4b82-80b8-ef2e5efb6803","block_type":"box","text":"22","page_number":1,"box":{"x":583,"y":878,"width":10,"height":5}},{"id":"69eecb16-2b18-400f-ae4e-619b8fea6515","block_type":"box","text":"Jun","page_number":1,"box":{"x":626,"y":878,"width":15,"height":5}},{"id":"3af3889d-6774-460f-94f0-86f5982fc989","block_type":"box","text":"22","page_number":1,"box":{"x":645,"y":878,"width":10,"height":5}},{"id":"93640542-24ee-4675-8f35-441b9d640279","block_type":"box","text":"-","page_number":1,"box":{"x":659,"y":881,"width":2,"height":1}},{"id":"ae743160-b964-472b-942b-76a7d6671fc4","block_type":"box","text":"23","page_number":1,"box":{"x":665,"y":878,"width":10,"height":5}},{"id":"363cb5c2-63b3-4c80-9148-8bda3eb6988b","block_type":"box","text":"Jun","page_number":1,"box":{"x":708,"y":878,"width":15,"height":5}},{"id":"5d6e2d1e-48bc-4033-be26-a0193b4d6510","block_type":"box","text":"23","page_number":1,"box":{"x":727,"y":878,"width":10,"height":5}},{"id":"27e59da6-1777-4754-80d6-b93a62b18482","block_type":"box","text":"-","page_number":1,"box":{"x":740,"y":881,"width":3,"height":1}},{"id":"80ede864-d7a0-432b-817d-900d2ffc0959","block_type":"box","text":"24","page_number":1,"box":{"x":746,"y":878,"width":10,"height":5}},{"id":"83f8cd61-fe9e-4883-b19f-ea5dd6aabf28","block_type":"box","text":"Jun","page_number":1,"box":{"x":789,"y":878,"width":15,"height":5}},{"id":"d1203085-9b72-4655-97f5-aebbfc1edcbc","block_type":"box","text":"24","page_number":1,"box":{"x":808,"y":878,"width":10,"height":5}},{"id":"978f3097-9377-453b-b0f5-3a0a1ff82c19","block_type":"box","text":"-","page_number":1,"box":{"x":822,"y":881,"width":2,"height":1}},{"id":"ec4280cc-d78d-4cad-a745-6aabe0344050","block_type":"box","text":"25","page_number":1,"box":{"x":828,"y":878,"width":10,"height":5}},{"id":"45dfcf0b-edc2-4719-ad3f-d46a10718170","block_type":"box","text":"Jun","page_number":1,"box":{"x":871,"y":878,"width":15,"height":5}},{"id":"b4842b80-7781-4589-8122-72987b4cf789","block_type":"box","text":"25","page_number":1,"box":{"x":889,"y":878,"width":11,"height":5}},{"id":"3d6b24f3-1e67-4829-bd24-97ae2bf1b51c","block_type":"box","text":"-","page_number":1,"box":{"x":903,"y":881,"width":3,"height":1}},{"id":"b89d70c9-ded9-416e-b10c-dd8a516f8ef4","block_type":"box","text":"26","page_number":1,"box":{"x":909,"y":878,"width":10,"height":5}},{"id":"be84c41c-dd0b-4d54-9a1b-9edce3600679","block_type":"box","text":"0.10","page_number":1,"box":{"x":573,"y":893,"width":19,"height":5}},{"id":"16b1ba93-6321-4fd4-8604-92c8b964be0c","block_type":"box","text":"5.18","page_number":1,"box":{"x":656,"y":893,"width":19,"height":5}},{"id":"929e6988-aa27-4f41-918c-547c0c26ca7c","block_type":"box","text":"12.49","page_number":1,"box":{"x":731,"y":893,"width":25,"height":5}},{"id":"3c807465-0bc3-4d18-9dd8-ace309a03a19","block_type":"box","text":"5.61","page_number":1,"box":{"x":817,"y":893,"width":19,"height":5}},{"id":"5bebb57e-9290-4c26-8a15-e98448a89c3e","block_type":"box","text":"3.68","page_number":1,"box":{"x":898,"y":893,"width":20,"height":5}},{"id":"26651148-daf6-4911-99ab-b77e7ace5ba6","block_type":"box","text":"5.42","page_number":1,"box":{"x":573,"y":906,"width":19,"height":5}},{"id":"8f46c341-08cc-411f-8161-5f2ecbcb90fd","block_type":"box","text":"8.32","page_number":1,"box":{"x":656,"y":906,"width":19,"height":5}},{"id":"834c351d-eb7e-4478-b046-d6c7f5dde810","block_type":"box","text":"10.52","page_number":1,"box":{"x":731,"y":906,"width":25,"height":5}},{"id":"cf6f7e4e-1651-46cc-8ac5-cb99518994b2","block_type":"box","text":"9.96","page_number":1,"box":{"x":818,"y":906,"width":19,"height":5}},{"id":"11946daa-52ba-47bd-aa83-e097b42fcfd6","block_type":"box","text":"8.03","page_number":1,"box":{"x":899,"y":906,"width":18,"height":5}},{"id":"a63cca91-0160-4e5a-9896-b8931e6ec666","block_type":"box","text":"Aviva Investors Multi-Strategy Target Return","page_number":1,"box":{"x":72,"y":35,"width":570,"height":20}},{"id":"49aecf6e-6439-45e2-b9f6-35648ba84ca8","block_type":"box","text":"Fund 2 GBP Acc","page_number":1,"box":{"x":75,"y":61,"width":193,"height":15}},{"id":"ce7b93a1-2ace-4791-ad17-ef5b124b59d9","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":"b222c975-d2cd-4d9a-88a7-2bd0c724f75e","block_type":"box","text":"ISIN","page_number":1,"box":{"x":73,"y":107,"width":21,"height":6}},{"id":"0d807677-c203-419b-93fc-73d04d4e60ef","block_type":"box","text":"GB00BMJ6DT26","page_number":1,"box":{"x":73,"y":118,"width":85,"height":6}},{"id":"dad189b6-d301-4e60-b646-20333384a302","block_type":"box","text":"BLOOMBERG","page_number":1,"box":{"x":210,"y":107,"width":70,"height":6}},{"id":"82bf791d-08a8-4656-8ac0-63db6140027e","block_type":"box","text":"AIMSTR2LN","page_number":1,"box":{"x":209,"y":118,"width":61,"height":6}},{"id":"2f0c2a6f-b8ff-41d4-86e2-5ca01fc105ad","block_type":"box","text":"ASSET CLASS","page_number":1,"box":{"x":323,"y":107,"width":73,"height":6}},{"id":"9f57040b-e59e-43a3-bc51-5c3a256b1420","block_type":"box","text":"AIMS","page_number":1,"box":{"x":323,"y":118,"width":27,"height":6}},{"id":"a5c8a138-faf4-4836-97be-b892bf20071a","block_type":"box","text":"NAV","page_number":1,"box":{"x":441,"y":107,"width":21,"height":6}},{"id":"fe68f0e2-00f3-4042-918b-373b92690296","block_type":"box","text":"149.29 GBX","page_number":1,"box":{"x":441,"y":118,"width":59,"height":6}},{"id":"70a9f2df-8ec2-4ff6-bb4b-19551d0cbb30","block_type":"box","text":"FUND SIZE","page_number":1,"box":{"x":537,"y":107,"width":58,"height":6}},{"id":"8d1f9e9e-f8cd-4b97-98d2-4440b3a21b98","block_type":"box","text":"GBP 2775.45m","page_number":1,"box":{"x":537,"y":118,"width":77,"height":6}},{"id":"912b215f-defb-4a8c-bcc9-c55fa95931bd","block_type":"box","text":"AS AT","page_number":1,"box":{"x":661,"y":107,"width":30,"height":6}},{"id":"ca58b3a9-505c-479e-a54a-509f1921b89d","block_type":"box","text":"31 Jul 2026","page_number":1,"box":{"x":661,"y":118,"width":60,"height":6}},{"id":"47a5c161-76cf-4ec0-9b12-8078c89370c5","block_type":"box","text":"Volatility","page_number":2,"box":{"x":72,"y":36,"width":66,"height":11}},{"id":"df6a8b6d-23f8-471c-9b44-67792326f637","block_type":"box","text":"(%) *","page_number":2,"box":{"x":142,"y":38,"width":21,"height":8}},{"id":"fb01e0cd-1b0d-42a1-a3f6-cbfc5033ef71","block_type":"box","text":"Jun 21 - 22","page_number":2,"box":{"x":108,"y":57,"width":46,"height":4}},{"id":"a3dcaa11-edf9-4f1b-97b7-3ed797c1cca8","block_type":"box","text":"Jun 22 - 23","page_number":2,"box":{"x":185,"y":57,"width":46,"height":4}},{"id":"d302be7c-cc4a-427b-9930-820f6ce18cfc","block_type":"box","text":"Jun 23 - 24","page_number":2,"box":{"x":263,"y":57,"width":45,"height":4}},{"id":"dec1d699-77d8-4164-a501-b4b0f3a213d3","block_type":"box","text":"Jun 24 - 25","page_number":2,"box":{"x":340,"y":57,"width":45,"height":4}},{"id":"8845cc4a-d1f4-433f-8502-aecbd55afeb7","block_type":"box","text":"Jun 25 - 26","page_number":2,"box":{"x":417,"y":57,"width":46,"height":4}},{"id":"6212f852-be10-4c3c-858a-2abc0fabd835","block_type":"box","text":"7.35","page_number":2,"box":{"x":135,"y":74,"width":18,"height":5}},{"id":"53f4dec9-9107-4355-b0cc-5c0b57450b9b","block_type":"box","text":"3.47","page_number":2,"box":{"x":212,"y":74,"width":19,"height":5}},{"id":"857b2c8e-6261-4b02-9e7d-4036b0f08465","block_type":"box","text":"4.05","page_number":2,"box":{"x":289,"y":74,"width":19,"height":5}},{"id":"d1b0a9c8-7ac8-48bd-ac9a-cc78631f6e73","block_type":"box","text":"3.51","page_number":2,"box":{"x":366,"y":74,"width":19,"height":5}},{"id":"0e592eee-80e9-4e46-9fa9-f72eac44fc83","block_type":"box","text":"3.53","page_number":2,"box":{"x":443,"y":74,"width":19,"height":5}},{"id":"25b35136-aeeb-46e5-8899-bdfa8327e73c","block_type":"box","text":"14.04","page_number":2,"box":{"x":129,"y":86,"width":25,"height":6}},{"id":"f01281de-668f-41c5-ab2b-4f8771260348","block_type":"box","text":"17.72","page_number":2,"box":{"x":207,"y":86,"width":24,"height":6}},{"id":"9483c607-3bb8-4075-be9b-76ade1d6d511","block_type":"box","text":"12.61","page_number":2,"box":{"x":284,"y":86,"width":24,"height":6}},{"id":"6acfad6e-ac88-48e4-a000-438299a285db","block_type":"box","text":"10.04","page_number":2,"box":{"x":361,"y":86,"width":24,"height":6}},{"id":"1c2101de-4612-40dd-ae4b-d732aa872fdd","block_type":"box","text":"12.67","page_number":2,"box":{"x":438,"y":86,"width":25,"height":6}},{"id":"f8fd76b2-b641-4413-8b0d-6a61446f3fd1","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":"9afb1239-7444-4980-bcc5-60ade832b732","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":"acda1ee5-6efb-44c3-9a23-01bbbff821b5","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":"0b7dd5fb-0dac-49eb-9792-b07112a6c594","block_type":"box","text":"rolling 3 year period.","page_number":2,"box":{"x":73,"y":138,"width":96,"height":8}},{"id":"84f7b10c-a4e1-4fa2-820d-4407221c4044","block_type":"box","text":"Portfolio stats","page_number":2,"box":{"x":73,"y":162,"width":101,"height":9}},{"id":"36f5a258-cfd4-4e11-8963-6f113fcb4756","block_type":"box","text":"1","page_number":2,"box":{"x":176,"y":162,"width":4,"height":4}},{"id":"7ba9ee4a-633f-46cc-b745-f0beb89f96f7","block_type":"box","text":"Fund (%)","page_number":2,"box":{"x":267,"y":187,"width":50,"height":9}},{"id":"fff6900f-9de4-4fa3-80f2-16ea2bd449f8","block_type":"box","text":"Risk objective (%)","page_number":2,"box":{"x":374,"y":187,"width":101,"height":9}},{"id":"24372089-f067-4559-8b54-015a2e584d5a","block_type":"box","text":"Realised","page_number":2,"box":{"x":78,"y":209,"width":47,"height":7}},{"id":"fe60f7fd-dfdb-4eb1-9ac8-ec2ac91c42f8","block_type":"box","text":"3y Annualised volatility","page_number":2,"box":{"x":78,"y":230,"width":125,"height":8}},{"id":"c3b50817-421b-4cd0-8734-3686fd3624e9","block_type":"box","text":"4.18","page_number":2,"box":{"x":295,"y":230,"width":22,"height":7}},{"id":"69e940c4-dde5-403d-aa61-ad95b35eec49","block_type":"box","text":"6.99","page_number":2,"box":{"x":454,"y":230,"width":21,"height":7}},{"id":"da8e81b7-d31d-416c-a8b9-5b1c0fbc3edc","block_type":"box","text":"Expected","page_number":2,"box":{"x":78,"y":251,"width":51,"height":8}},{"id":"679cb9c4-9c8c-41b5-9633-d67367217702","block_type":"box","text":"Annualised volatility","page_number":2,"box":{"x":77,"y":272,"width":111,"height":8}},{"id":"0eda23b7-4a67-4254-9922-6e790b3b8edf","block_type":"box","text":"5.01","page_number":2,"box":{"x":295,"y":272,"width":22,"height":6}},{"id":"68a83af7-be6e-42c2-907c-e5a762e18634","block_type":"box","text":"-","page_number":2,"box":{"x":472,"y":276,"width":3,"height":0}},{"id":"6328175e-f3c3-4107-adbf-10d379dc0dad","block_type":"box","text":"Undiversified annualised","page_number":2,"box":{"x":78,"y":292,"width":134,"height":7}},{"id":"6debb31b-dc18-4119-967c-73e6c9eb1cff","block_type":"box","text":"volatility","page_number":2,"box":{"x":77,"y":304,"width":48,"height":9}},{"id":"6ec5a4e3-57a4-4bcf-9bdf-860438979931","block_type":"box","text":"13.89","page_number":2,"box":{"x":289,"y":293,"width":28,"height":6}},{"id":"b1a0a883-81fd-412e-b9e8-744a7b13e052","block_type":"box","text":"-","page_number":2,"box":{"x":472,"y":296,"width":3,"height":1}},{"id":"878d809e-a271-4aa2-b2d3-f6b3d6644bdb","block_type":"box","text":"Diversification benefit","page_number":2,"box":{"x":78,"y":325,"width":119,"height":7}},{"id":"76f38e40-0fe4-41dd-a4b8-ab852e66c62a","block_type":"box","text":"8.88","page_number":2,"box":{"x":295,"y":326,"width":22,"height":6}},{"id":"e81134f6-99c9-4513-8592-30065c39ea25","block_type":"box","text":"-","page_number":2,"box":{"x":472,"y":329,"width":3,"height":1}},{"id":"e0dbe438-8294-4ee9-a5c1-aef6c9faf8f1","block_type":"box","text":"1","page_number":2,"box":{"x":73,"y":342,"width":3,"height":4}},{"id":"68ce351e-0683-49bf-ae99-97630fe465f4","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":"06d7cbd6-4495-43dc-9dbb-50f90a422a44","block_type":"box","text":"Share of risk at parent strategy level","page_number":2,"box":{"x":73,"y":366,"width":259,"height":11}},{"id":"281b41c7-1088-444b-92dc-7bae9e16003a","block_type":"box","text":"%","page_number":2,"box":{"x":460,"y":388,"width":11,"height":7}},{"id":"2bdd1c76-28fb-4b78-8ee4-c4179ed5ea14","block_type":"box","text":"Market Strategies","page_number":2,"box":{"x":83,"y":407,"width":93,"height":9}},{"id":"696d4eb1-b7bd-4996-9a55-89c25aabbb4d","block_type":"box","text":"51.31","page_number":2,"box":{"x":442,"y":408,"width":29,"height":6}},{"id":"9c676af5-beb6-4809-8df5-3dd58d0ad5dd","block_type":"box","text":"Opportunistic Strategies","page_number":2,"box":{"x":83,"y":424,"width":131,"height":8}},{"id":"811ced25-ca0b-4608-a5d9-fa6ab6b83fe8","block_type":"box","text":"40.25","page_number":2,"box":{"x":442,"y":424,"width":29,"height":6}},{"id":"46c3600f-8ec7-4ab8-a848-a11e1843e2dd","block_type":"box","text":"Risk Reducing Strategies","page_number":2,"box":{"x":83,"y":440,"width":132,"height":8}},{"id":"1019a2e1-3f6e-40fb-903b-a218522968af","block_type":"box","text":"5.90","page_number":2,"box":{"x":449,"y":440,"width":22,"height":6}},{"id":"f025f3ab-249f-4fee-a4ca-3793b9afbfbd","block_type":"box","text":"Cash","page_number":2,"box":{"x":83,"y":456,"width":25,"height":6}},{"id":"ed468d7f-5b89-4269-a275-12fe1d008265","block_type":"box","text":"2.55","page_number":2,"box":{"x":449,"y":456,"width":22,"height":6}},{"id":"d29e86cf-9819-403d-a631-e2a9c3360de5","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":"41a94bbf-8842-4ebe-893a-1c333f79c2a7","block_type":"box","text":"Share of risk at risk factor","page_number":2,"box":{"x":73,"y":497,"width":184,"height":9}},{"id":"b5c15c60-af31-4c95-8006-a95d3a922314","block_type":"box","text":"%","page_number":2,"box":{"x":460,"y":520,"width":11,"height":6}},{"id":"9d30a837-84e6-4682-abf9-a70cc53ff557","block_type":"box","text":"Equities","page_number":2,"box":{"x":83,"y":539,"width":42,"height":8}},{"id":"1f4114ff-433a-4e00-b3d8-a6fe0062657b","block_type":"box","text":"44.85","page_number":2,"box":{"x":442,"y":539,"width":29,"height":7}},{"id":"eac9ed58-e9c1-443c-b5b7-44f3c52bdd88","block_type":"box","text":"Duration","page_number":2,"box":{"x":83,"y":555,"width":46,"height":7}},{"id":"c4e6592d-95cf-4726-a66b-4425066dfd90","block_type":"box","text":"32.75","page_number":2,"box":{"x":442,"y":556,"width":29,"height":6}},{"id":"a0e19e5a-9c0c-404d-aa25-1ce11e1cadf4","block_type":"box","text":"Commodities","page_number":2,"box":{"x":83,"y":571,"width":72,"height":7}},{"id":"c7379973-0648-4b97-9223-5b32412000b5","block_type":"box","text":"9.15","page_number":2,"box":{"x":449,"y":572,"width":22,"height":6}},{"id":"16f70ef8-420c-4287-b397-1f30e2ea7516","block_type":"box","text":"Currency","page_number":2,"box":{"x":83,"y":588,"width":48,"height":8}},{"id":"211d8788-5a04-4742-9c58-6206892381b2","block_type":"box","text":"6.72","page_number":2,"box":{"x":449,"y":588,"width":22,"height":6}},{"id":"c8afcbf7-a817-464b-a3ed-a62807708220","block_type":"box","text":"Volatility","page_number":2,"box":{"x":82,"y":603,"width":48,"height":9}},{"id":"01ecdb32-90d4-4f96-9f6e-4e6caa8567ad","block_type":"box","text":"4.26","page_number":2,"box":{"x":449,"y":604,"width":22,"height":6}},{"id":"2b014f48-f20c-4404-bd0f-11c98138012d","block_type":"box","text":"Cash","page_number":2,"box":{"x":83,"y":619,"width":25,"height":7}},{"id":"b2437a02-7cbe-4eeb-8815-42ef699a7b78","block_type":"box","text":"2.27","page_number":2,"box":{"x":449,"y":620,"width":22,"height":6}},{"id":"06ee4534-93bc-4789-b6c8-c58c5f712886","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":"6438d54f-bb1d-4f1e-9023-f0a35435fe60","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":"0b621811-a9c5-4c2f-85a1-1b468dfbc70c","block_type":"box","text":"Risk Factor","page_number":2,"box":{"x":524,"y":59,"width":63,"height":7}},{"id":"ae8817b1-dff1-4440-8562-f86b6c736a71","block_type":"box","text":"Strategy","page_number":2,"box":{"x":620,"y":60,"width":49,"height":8}},{"id":"1d63d614-2a5c-4f62-aa59-c966356b76cd","block_type":"box","text":"%","page_number":2,"box":{"x":914,"y":60,"width":11,"height":6}},{"id":"04b54f64-aab4-40f4-af95-382cc443d356","block_type":"box","text":"Duration","page_number":2,"box":{"x":524,"y":81,"width":46,"height":6}},{"id":"0caafa3a-628f-437e-89cd-7d6d3596e610","block_type":"box","text":"Short US rates","page_number":2,"box":{"x":620,"y":80,"width":77,"height":7}},{"id":"6a4186b5-3121-488a-a39a-63168500ccfe","block_type":"box","text":"+0.37","page_number":2,"box":{"x":896,"y":81,"width":28,"height":6}},{"id":"d81c045e-0858-4dda-af02-1abc8977ad12","block_type":"box","text":"Cash","page_number":2,"box":{"x":524,"y":104,"width":25,"height":7}},{"id":"8edea1f1-b7d6-4e33-aa0f-ed5461ab8b01","block_type":"box","text":"Cash and","page_number":2,"box":{"x":621,"y":98,"width":48,"height":6}},{"id":"cb5c640e-6cad-420f-8bf0-1b609deca313","block_type":"box","text":"Currency Hedge","page_number":2,"box":{"x":621,"y":111,"width":85,"height":8}},{"id":"e829b3ee-791e-4c81-a377-204d4288270f","block_type":"box","text":"+0.26","page_number":2,"box":{"x":896,"y":105,"width":28,"height":6}},{"id":"023d194d-d5c8-4335-9a21-5551a9b6840a","block_type":"box","text":"Equities","page_number":2,"box":{"x":524,"y":140,"width":43,"height":8}},{"id":"cdbc3e9c-8752-4aaf-be2f-2d54783b68fb","block_type":"box","text":"Long US","page_number":2,"box":{"x":621,"y":127,"width":43,"height":8}},{"id":"36e0983f-997c-411c-aee3-f2b31c4088f4","block_type":"box","text":"systematic value","page_number":2,"box":{"x":620,"y":139,"width":90,"height":9}},{"id":"40ac6f28-8fc9-4ce1-b569-75f0839bd076","block_type":"box","text":"v Market","page_number":2,"box":{"x":620,"y":152,"width":46,"height":7}},{"id":"2a028b63-f925-4c70-984f-d4f3a7a05d33","block_type":"box","text":"+0.07","page_number":2,"box":{"x":896,"y":140,"width":28,"height":6}},{"id":"f3c56140-40ae-4f08-a3f3-f8c102a19b9c","block_type":"box","text":"Commodities","page_number":2,"box":{"x":524,"y":169,"width":72,"height":7}},{"id":"8a09d61b-7bdb-4716-9ffe-c7308cf325d6","block_type":"box","text":"Long copper","page_number":2,"box":{"x":621,"y":170,"width":67,"height":8}},{"id":"d5a111be-5196-4322-882e-f87772c16069","block_type":"box","text":"+0.07","page_number":2,"box":{"x":896,"y":170,"width":28,"height":6}},{"id":"bde46f4e-0bbc-4c1e-bf95-8c80e192288b","block_type":"box","text":"Equities","page_number":2,"box":{"x":524,"y":188,"width":43,"height":8}},{"id":"f4c3f85e-b3eb-4438-8ae6-3b1f2db3ea6b","block_type":"box","text":"Resources","page_number":2,"box":{"x":621,"y":188,"width":54,"height":7}},{"id":"eba55819-a42d-4633-ba1f-80a42d6f4228","block_type":"box","text":"+0.07","page_number":2,"box":{"x":896,"y":188,"width":28,"height":7}},{"id":"3ce299bb-616f-4c44-83f4-9283eb38057d","block_type":"box","text":"Equities","page_number":2,"box":{"x":524,"y":212,"width":43,"height":8}},{"id":"e726671d-daef-4259-b130-594a9436be3a","block_type":"box","text":"Long Japanese","page_number":2,"box":{"x":621,"y":206,"width":80,"height":8}},{"id":"19f88a00-0759-4e32-9f21-4b150b690ca3","block_type":"box","text":"equities","page_number":2,"box":{"x":620,"y":218,"width":43,"height":8}},{"id":"000389c6-6286-481f-8cfa-4f4ab548f17d","block_type":"box","text":"-0.17","page_number":2,"box":{"x":899,"y":212,"width":25,"height":6}},{"id":"e6e524bc-4260-4a9e-8e15-0d58f393b2b6","block_type":"box","text":"Equities","page_number":2,"box":{"x":524,"y":235,"width":43,"height":9}},{"id":"c5420c54-08d1-44e5-9869-9ceeb482d499","block_type":"box","text":"Equity Thematic","page_number":2,"box":{"x":621,"y":235,"width":88,"height":9}},{"id":"c3645040-7dcb-45ce-9de8-98d0c7b7e0b9","block_type":"box","text":"-0.18","page_number":2,"box":{"x":899,"y":236,"width":25,"height":6}},{"id":"4d5595b1-78c8-40e3-85c6-d03e43c8d18f","block_type":"box","text":"Equities","page_number":2,"box":{"x":524,"y":259,"width":43,"height":8}},{"id":"9cd8f3c6-aefb-4026-bbf4-c313a6b079bd","block_type":"box","text":"Long Emerging","page_number":2,"box":{"x":621,"y":253,"width":80,"height":8}},{"id":"96f83dd5-f3fc-40d2-880d-58f55d80df1a","block_type":"box","text":"Market equities","page_number":2,"box":{"x":621,"y":265,"width":82,"height":9}},{"id":"93c30b3d-b837-4b36-83a8-cadf77d1b10e","block_type":"box","text":"-0.24","page_number":2,"box":{"x":899,"y":259,"width":26,"height":6}},{"id":"c47c7025-a362-4370-bd29-731e7388215f","block_type":"box","text":"Equities","page_number":2,"box":{"x":524,"y":283,"width":43,"height":8}},{"id":"5b449048-de6e-4a67-bda6-d37a1cef25db","block_type":"box","text":"Long US equities","page_number":2,"box":{"x":621,"y":283,"width":90,"height":8}},{"id":"9a4a0051-ad68-4174-88f6-4f1e47e8b752","block_type":"box","text":"-0.33","page_number":2,"box":{"x":899,"y":283,"width":25,"height":6}},{"id":"cb0414cd-8d44-4ab0-99b4-a33f130d7435","block_type":"box","text":"Duration","page_number":2,"box":{"x":524,"y":301,"width":46,"height":6}},{"id":"aaccf0a9-40e5-4e11-8c6d-548da62cc049","block_type":"box","text":"Long UK rates","page_number":2,"box":{"x":621,"y":301,"width":74,"height":8}},{"id":"cb554d34-8811-4eaf-a706-d15255d1db23","block_type":"box","text":"-0.74","page_number":2,"box":{"x":899,"y":301,"width":26,"height":6}},{"id":"46e4bbcb-31ee-4ca3-9633-74dce1e2e590","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":"0a2eab65-20c9-4589-8902-e5662825d230","block_type":"box","text":"Fund targets","page_number":2,"box":{"x":519,"y":344,"width":89,"height":11}},{"id":"fdb02b3e-3116-4059-9c82-28343618809e","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":"4c24fb4b-0d25-4c80-93c9-7b1e304def80","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":"5bc66506-a96c-45b6-9ba9-ed351f3ab430","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":"84dd030f-4e86-40e3-a253-a6dcef5f7312","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":"d52f3954-0bba-481d-bdd7-09a85f8c0224","block_type":"box","text":"Index (local currency).","page_number":2,"box":{"x":519,"y":405,"width":119,"height":9}},{"id":"c1234656-2fd5-40b7-b46e-b81b61bcbcd8","block_type":"box","text":"Fund risks","page_number":2,"box":{"x":519,"y":440,"width":72,"height":8}},{"id":"441db5e4-a328-40ff-8668-09de29fd8b92","block_type":"box","text":"Investment Risk & Currency Risk","page_number":2,"box":{"x":519,"y":457,"width":185,"height":8}},{"id":"872ee9db-87bb-47aa-b241-f223205c4518","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":"d70cc6e5-97ec-48c2-ab32-970e665fb353","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":"e2c0cdb5-bf6c-4d2d-b990-2d87c79c94fd","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":"d6a558c2-baa2-4dbf-9666-5b76e02023d2","block_type":"box","text":"Derivatives Risk","page_number":2,"box":{"x":519,"y":512,"width":91,"height":6}},{"id":"e5e52250-184b-47b0-8235-224c49ea5807","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":"12848ebe-4bf2-4e76-bec9-58de1916c0a2","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":"7f2404be-ab07-4bbb-965e-e7d1531d5284","block_type":"box","text":"suffer","page_number":2,"box":{"x":870,"y":533,"width":31,"height":7}},{"id":"fab317c0-89d1-4c91-8924-77678e715b3e","block_type":"box","text":"significant losses.","page_number":2,"box":{"x":518,"y":545,"width":95,"height":8}},{"id":"8d7d2952-2b2a-4f8a-9c46-fe34e85ea525","block_type":"box","text":"Illiquid Securities Risk","page_number":2,"box":{"x":519,"y":556,"width":127,"height":8}},{"id":"0bd5c1b1-13f3-48b9-983d-ac2cf50067de","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":"3e091354-f0f3-4438-9664-51fb88c62a0a","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":"38bfe96d-623a-4d98-a348-c30169ae2e1d","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":"9597c58e-7f10-47b7-b870-e83564abba92","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":"f6eb28e7-e1f6-4515-abae-40e1143311be","block_type":"box","text":"the Key Investor Information Document (KIID).","page_number":2,"box":{"x":518,"y":616,"width":250,"height":8}},{"id":"c2a3755d-7f94-4cb4-ae3b-97b2cf6b38e8","block_type":"box","text":"Glossary","page_number":2,"box":{"x":519,"y":644,"width":61,"height":10}},{"id":"9e26baee-c931-43b7-a618-3b8624fe87f0","block_type":"box","text":"Annualised performance","page_number":2,"box":{"x":518,"y":661,"width":141,"height":8}},{"id":"74b84ec0-1a11-47fa-a65b-ba289c7764b8","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":"5cfeb7b8-7103-4d6f-84be-7127dff8984d","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":"a684cc57-479f-4582-8541-e7532b4e0465","block_type":"box","text":"Volatility (%)","page_number":2,"box":{"x":518,"y":698,"width":75,"height":9}},{"id":"a9c88e78-eb73-4251-a465-1fd7f1975a0a","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":"7b683ffa-b594-4fbe-a2e1-d562e2bcd624","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":"f3e1a58a-fc78-459b-b475-d2f878c7455d","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":"52188600-bc55-4f03-8ece-2a8192c46ef2","block_type":"box","text":"values.","page_number":2,"box":{"x":518,"y":743,"width":37,"height":6}},{"id":"137e9aee-6262-401f-a5d2-8c4c994b68fc","block_type":"box","text":"Credit Rating","page_number":2,"box":{"x":519,"y":758,"width":75,"height":9}},{"id":"163d5eba-9623-4b4a-9902-4981388cd92d","block_type":"box","text":"Independent ratings agencies assign","page_number":2,"box":{"x":519,"y":769,"width":196,"height":9}},{"id":"9ddc0be2-07b5-4b92-84b7-a015eb5b3fb1","block_type":"box","text":"different","page_number":2,"box":{"x":719,"y":769,"width":47,"height":7}},{"id":"50e48319-7dbb-4aee-b50e-f3ba57c7ae08","block_type":"box","text":"ratings to bonds depending","page_number":2,"box":{"x":769,"y":769,"width":149,"height":9}},{"id":"bce215b5-c8f5-4f5c-8e20-36c94701c4f6","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":"6355f3d5-19d2-4058-808f-de6b6ebed40c","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":"c5ca127e-da5d-4cf1-a57d-08958d98b03b","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":"fad2e7f0-436a-4a83-9455-c5c038de57ee","block_type":"box","text":"Distribution yield","page_number":2,"box":{"x":519,"y":818,"width":99,"height":9}},{"id":"ff5d2ee9-36f2-4c55-84b1-83266beacf7f","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":"bc9329f4-52fb-47e0-a881-68ba3e53da16","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":"2b397ad9-935c-43ba-8de0-1e2fc957634a","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":"4e2561cf-68e1-4294-941a-8619561b99dc","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":"9e84d6ee-2cdc-4595-9580-306e169c4df5","block_type":"box","text":"distributions. The yield is not guaranteed.","page_number":2,"box":{"x":519,"y":874,"width":224,"height":8}},{"id":"8d8109aa-9c7b-488f-b42e-c2f9733c661d","block_type":"box","text":"Entry fee","page_number":2,"box":{"x":519,"y":889,"width":51,"height":9}},{"id":"b59fd86a-6b50-42d4-b29b-b084a6d31df3","block_type":"box","text":"A","page_number":2,"box":{"x":518,"y":901,"width":7,"height":6}},{"id":"92334513-278a-43fa-9934-0e49a840a556","block_type":"box","text":"one-off","page_number":2,"box":{"x":528,"y":900,"width":40,"height":7}},{"id":"111feef6-74ff-4eaa-a9f8-545af9bc3411","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":"b64b213c-3a21-4ce7-b927-af23ee7fe96d","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":"a5e3fdd5-ca46-4d19-8cd9-6e3bace69882","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":"d4077db3-943a-426e-be7f-71509611635e","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":"df6202ec-f061-4ee4-905c-25a6059b3bfe","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":"94bffb82-8cea-492c-a73f-f1295d45374a","block_type":"box","text":"charge”.","page_number":3,"box":{"x":73,"y":47,"width":42,"height":9}},{"id":"40265e3d-d62e-4951-9290-b4b8e55f3ad8","block_type":"box","text":"Exit charge","page_number":3,"box":{"x":73,"y":63,"width":62,"height":9}},{"id":"afb08efe-f4e7-48d2-bb89-27d05cfb4522","block_type":"box","text":"A","page_number":3,"box":{"x":72,"y":74,"width":7,"height":6}},{"id":"df31f600-262e-42a7-9ff1-9e8d1ddfbfb9","block_type":"box","text":"one-off","page_number":3,"box":{"x":83,"y":74,"width":39,"height":6}},{"id":"b7a33a93-5e6b-40e7-b9dd-c1a4d77db3e3","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":"faa934ef-fc0f-4233-916a-072cbac0c8dd","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":"b5aca745-20a3-4391-81f5-aaf2a93693c4","block_type":"box","text":"charge”.","page_number":3,"box":{"x":73,"y":96,"width":42,"height":9}},{"id":"549ec631-7a9e-482a-a7a1-22e1266fb4d6","block_type":"box","text":"Management Fee","page_number":3,"box":{"x":73,"y":112,"width":97,"height":8}},{"id":"97bc47e0-0838-4a0b-9346-5be461bce016","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":"65cb005b-c4c9-48dc-858a-84083755c93a","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":"6fb96ea6-ff44-4ba2-b30c-1b4d286e0062","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":"c0aa354d-e9f7-465b-874a-b0bad8283950","block_type":"box","text":"Modified duration","page_number":3,"box":{"x":73,"y":161,"width":102,"height":6}},{"id":"379560ce-ec2d-419d-8ce2-44ae191dcaae","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":"7f7d3d8e-667f-41ae-8761-173da6c79e69","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":"29828d5d-aad1-4ffd-b435-a3fe545098a4","block_type":"box","text":"Spread Duration","page_number":3,"box":{"x":73,"y":198,"width":93,"height":9}},{"id":"08d6f183-7c1e-4f2b-afef-e381b526f726","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":"e3fce752-d9ff-4f51-bf61-6211e33d3c52","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":"ce976e99-e75c-40a0-85af-317256f4d17d","block_type":"box","text":"Ongoing charge","page_number":3,"box":{"x":73,"y":236,"width":89,"height":8}},{"id":"745a16f9-0d3b-4781-b6fb-659a44248841","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":"6152ac5b-bee8-46ab-a8ce-2d9486b64c15","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":"17d0e9dc-7430-4775-927c-067b3e3cf90a","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":"641f6756-2c0f-4038-81cb-097f3432d497","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":"8b671d2f-e966-4016-bacf-e455b0b91678","block_type":"box","text":"included in this figure.","page_number":3,"box":{"x":73,"y":291,"width":119,"height":9}},{"id":"481a3d47-295a-47e2-9c3e-488e514bb87d","block_type":"box","text":"Performance fee","page_number":3,"box":{"x":73,"y":307,"width":93,"height":7}},{"id":"75399283-71ee-4ef2-b360-b3a9a60c53df","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":"d9d598b6-10fa-4aef-99dd-568dc52147fe","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":"dd2d3bed-2543-45a2-85b7-ab0e7d4d02a6","block_type":"box","text":"Tracking error (%)","page_number":3,"box":{"x":73,"y":340,"width":103,"height":9}},{"id":"a62ecb65-52e0-4c9b-9137-7c5dd9c60eae","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":"61b35ae9-6a19-4cb0-b45e-be2800a044be","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":"55324379-feb7-4358-a26f-52b18895191a","block_type":"box","text":"would normally have a higher tracking error.","page_number":3,"box":{"x":72,"y":373,"width":240,"height":9}},{"id":"52908617-6d5d-4782-8317-b4844bbd1a53","block_type":"box","text":"NAV","page_number":3,"box":{"x":73,"y":389,"width":22,"height":6}},{"id":"25fd7835-afba-41cc-90ec-6051d7a2d9e5","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":"2c477399-8a9f-4ac5-bc52-e28cb724034b","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":"c00f3cfd-27b4-4716-9578-e24cd544a04e","block_type":"box","text":"total portfolio or fund level.","page_number":3,"box":{"x":72,"y":422,"width":149,"height":8}},{"id":"f2ade4cd-1e8b-4cb5-a324-d05aff5a439a","block_type":"box","text":"Important information","page_number":3,"box":{"x":73,"y":450,"width":162,"height":10}},{"id":"d4935fe8-6e96-4a66-8cf9-472d0883526e","block_type":"box","text":"THIS IS A MARKETING COMMUNICATION","page_number":3,"box":{"x":73,"y":467,"width":224,"height":6}},{"id":"be4d2247-3f58-481e-8cc1-eeb23522f800","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":"2f00f5be-65a3-4dee-afce-b0fb33001254","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":"222e86a8-b135-4cbe-8d2a-798e5fc4ef5b","block_type":"box","text":"Factsheet, unless indicated otherwise.","page_number":3,"box":{"x":73,"y":511,"width":206,"height":8}},{"id":"6cf18090-9406-485c-b462-69f0271fcaba","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":"2c929c0c-138a-4bd8-8fb6-c3212594894f","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":"cc994bf0-b7cd-4d7d-8162-22adec584d1e","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":"734a23c0-c7b9-4681-85d1-4840cd78ec7e","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":"0a970a01-dbab-49d0-9137-4f7113f38e91","block_type":"box","text":"offer","page_number":3,"box":{"x":73,"y":578,"width":25,"height":7}},{"id":"2fb96ccc-14a5-469b-9c49-f7a65ad69d89","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":"626cd2d1-41f3-4ec7-9879-2adda12fdfbd","block_type":"box","text":"offer","page_number":3,"box":{"x":353,"y":578,"width":25,"height":7}},{"id":"beae462e-c869-449a-a0ec-cadc76c0a3b5","block_type":"box","text":"is not authorised","page_number":3,"box":{"x":381,"y":578,"width":90,"height":7}},{"id":"cc91c8e5-3ae1-4942-920d-01a07e6ddbd0","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":"3aeabf30-8ee2-4d86-b193-593bf417a758","block_type":"box","text":"offer","page_number":3,"box":{"x":378,"y":589,"width":25,"height":7}},{"id":"da14f5d0-148a-40af-9eb6-cedf7827dd3f","block_type":"box","text":"or","page_number":3,"box":{"x":406,"y":591,"width":11,"height":5}},{"id":"02e81e59-0d4f-45eb-a96c-ca4039c12b39","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":"738c3037-e555-4fef-b6ca-2b181736ffb5","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":"72101763-b4ed-4532-92e7-ab13ebd53584","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":"14a5282c-2683-453f-8ba9-4f812308fa20","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":"5fb3702f-736a-4d95-b91b-c62b2ed29db0","block_type":"box","text":"Document and Supplementary Information Document. The Prospectus","page_number":3,"box":{"x":73,"y":656,"width":384,"height":9}},{"id":"17457743-0e49-4d9a-9dba-a432ef8ddcfb","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":"f7ebf8d9-c4bc-4cde-9aa7-ad5e36be3020","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":"e93a3e79-cfa7-415d-9362-61396ac0413c","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":"34184612-9bab-41ee-a443-9b6c59ce73d2","block_type":"box","text":"www.avivainvestors.com","page_number":3,"box":{"x":73,"y":701,"width":133,"height":7}},{"id":"bad8ae6e-02e9-45f5-8add-52c6f81cca5e","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":"a30ca870-1561-40bf-b303-c0a9732db006","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":"4ac83248-4275-4e24-b777-f877bf3137e7","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":"e221e296-6d03-46db-aa90-a39450dbc8b4","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":"4a26b648-f1e5-4524-98b9-45961564314d","block_type":"box","text":"company.","page_number":3,"box":{"x":73,"y":770,"width":52,"height":6}},{"id":"23a4c28d-4546-470a-967e-13d2f092fe03","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":"86c9cdf5-b6ce-43fa-b363-2dc6029e4f1f"},"user_id":1000227,"date_created":"2026-09-04T09:05:53.600000Z","date_modified":"2026-09-11T09:07:51.451000Z","private":false}