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AVIVA INVESTORS
SOCIÉTÉ D’INVESTISSEMENT À
CAPITAL VARIABLE (SICAV)
SEMI-ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
R.C.S. Luxembourg B 32.640 30 June 2026
avivainvestors.com
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Contents
Board of Directors' and Conducting officers Report 3 Management and Administration 6 Notes on the portfolio of investments disclosure 7 Aviva Investors - Emerging Markets Bond Fund 8 Aviva Investors - Emerging Markets Corporate Bond Fund 15 Aviva Investors - Emerging Markets Local Currency Bond Fund 20 Aviva Investors - Global Climate Credit Fund 25 Aviva Investors - Global Climate Equity Fund 30 Aviva Investors - Global Emerging Markets Core Fund 32 Aviva Investors - Global Emerging Markets Equity Unconstrained Fund 35 Aviva Investors - Global Emerging Markets Index Fund 37 Aviva Investors - Global Equity Endurance Fund 54 Aviva Investors - Global Equity Income Fund 56 Aviva Investors - Global High Yield Bond Fund 58 Aviva Investors - Global Hybrid Bond Fund 63 Aviva Investors - Global Investment Grade Corporate Bond Fund 66 Aviva Investors - Global Sovereign Bond Fund 72 Aviva Investors - Global Unconstrained Credit Fund 87 Aviva Investors - Multi-Strategy Target Return Fund 91 Aviva Investors - Natural Capital Global Equity Fund 108 Aviva Investors - ReturnPlus Fund 110 Aviva Investors - Senior ABS Income Fund 117 Aviva Investors - Short Duration Global High Yield Bond Fund 119 Aviva Investors - UK Equity Unconstrained Fund 123 Combined Statement of Net Assets 124 Statistical Information 129 Combined Statement of Operations and Changes in Net Assets 135 Notes to the Financial Statements 141 Other Information 147 Information for Investors in Switzerland 160
This report does not constitute an offer of shares. Subscriptions are only valid if made on the basis of the current prospectus and the Key Information Documents (“KID”) supplemented by the last available annual report and the latest semi-annual report if published after such an annual report. Investors are hereby urged to read the entire prospectus, particularly the description of special risks. Past performance is not necessarily indicative of future returns. Copies of the prospectus, KID, annual report, semi-annual report and details of changes in investments for the sub-fund are available free of charge from the registered office of the Fund, 2 rue du Fort Bourbon, L-1249 Luxembourg, Grand Duchy of Luxembourg.
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Dear Shareholders, The Directors of Aviva Investors SICAV (the “Fund” or the “Company” ) have the pleasure of presenting the semi-annual report and unaudited financial statements to the shareholders for the period ended 30 June 2026. Activities during the period : At the end of the period, the total net assets of the Sub-Funds (the “Sub-Funds”) of the Company were EUR 32,771,165,187 compared to EUR 30,058,772,580 on 31 December 2025, representing an increase of 9.02%. Effective 24 June 2026, Aviva Investors - Global Hybrid Bond Fund and Aviva Investors - Global Unconstrained Credit Fund were launched. Effective 25 June 2026, Aviva Investors - Senior ABS Income Fund was launched. During the period ended 30 June 2026, the following Share Classes have been launched:
Sub-Fund Name Share Class Class Currency Base Currency
Investment Management Fees Distribution Fees Date Launched
Aviva Investors - Emerging Markets Bond Fund K q Share Class Dividend Hedged EUR EUR USD 0.35% 0.00% 27 March 2026 Aviva Investors - Global Hybrid Bond Fund A Share Class Accumulation USD USD 1.00% 0.00% 24 June 2026
Aviva Investors - Global Hybrid Bond Fund A Share Class Accumulation Hedged EUR EUR USD 1.00% 0.00% 24 June 2026 Aviva Investors - Global Hybrid Bond Fund I Share Class Accumulation USD USD 0.50% 0.00% 24 June 2026
Aviva Investors - Global Hybrid Bond Fund I Share Class Accumulation Hedged EUR EUR USD 0.50% 0.00% 24 June 2026
Aviva Investors - Global Hybrid Bond Fund I Share Class Accumulation Hedged GBP GBP USD 0.50% 0.00% 24 June 2026 Aviva Investors - Global Hybrid Bond Fund Iq Share Class Dividend USD USD USD 0.50% 0.00% 24 June 2026
Aviva Investors - Global Hybrid Bond Fund Iq Share Class Dividend Hedged GBP GBP USD 0.50% 0.00% 24 June 2026 Aviva Investors - Global Hybrid Bond Fund R Share Class Accumulation USD USD 0.50% 0.00% 24 June 2026
Aviva Investors - Global Hybrid Bond Fund R Share Class Accumulation Hedged GBP GBP USD 0.50% 0.00% 24 June 2026
Aviva Investors - Global Hybrid Bond Fund S Share Class Accumulation Hedged EUR EUR USD 0.25% 0.00% 24 June 2026 Aviva Investors - Global Hybrid Bond Fund Z Share Class Accumulation USD USD 0.00% 0.00% 24 June 2026
Aviva Investors - Global Hybrid Bond Fund Z Share Class Accumulation Hedged GBP GBP USD 0.00% 0.00% 24 June 2026 Aviva Investors - Global Unconstrained Credit Fund A Share Class Accumulation USD USD 0.70% 0.00% 24 June 2026 Aviva Investors - Global Unconstrained Credit Fund A Share Class Accumulation Hedged EUR EUR USD 0.70% 0.00% 24 June 2026 Aviva Investors - Global Unconstrained Credit Fund I Share Class Accumulation USD USD 0.35% 0.00% 24 June 2026 Aviva Investors - Global Unconstrained Credit Fund I Share Class Accumulation Hedged EUR EUR USD 0.35% 0.00% 24 June 2026 Aviva Investors - Global Unconstrained Credit Fund I Share Class Accumulation Hedged GBP GBP USD 0.35% 0.00% 24 June 2026 Aviva Investors - Global Unconstrained Credit Fund Iq Share Class Dividend USD USD 0.35% 0.00% 24 June 2026 Aviva Investors - Global Unconstrained Credit Fund Iq Share Class Dividend Hedged GBP GBP USD 0.35% 0.00% 24 June 2026 Aviva Investors - Global Unconstrained Credit Fund R Share Class Accumulation USD USD 0.35% 0.00% 24 June 2026 Aviva Investors - Global Unconstrained Credit Fund R Share Class Accumulation Hedged GBP GBP USD 0.35% 0.00% 24 June 2026 Aviva Investors - Global Unconstrained Credit Fund S Share Class Accumulation USD USD 0.18% 0.00% 24 June 2026 Aviva Investors - Global Unconstrained Credit Fund S Share Class Accumulation Hedged EUR EUR USD 0.18% 0.00% 24 June 2026 Aviva Investors - Global Unconstrained Credit Fund S Share Class Accumulation Hedged GBP GBP USD 0.18% 0.00% 24 June 2026 Aviva Investors - Global Unconstrained Credit Fund Sq Share Class Dividend Hedged GBP GBP USD 0.18% 0.00% 24 June 2026 Aviva Investors - Global Unconstrained Credit Fund Z Share Class Accumulation USD USD 0.00% 0.00% 24 June 2026 Aviva Investors - Global Unconstrained Credit Fund Z Share Class Accumulation Hedged GBP GBP USD 0.00% 0.00% 24 June 2026 Aviva Investors - Global Unconstrained Credit Fund Zm Share Class Dividend Hedged GBP GBP USD 0.00% 0.00% 24 June 2026
Aviva Investors - ReturnPlus Fund A Share Class Accumulation USD USD USD 0.00% 0.00% 20 March 2026
Aviva Investors Société d’investissement à capital variable (SICAV)
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BOARD OF DIRECTORS' AND CONDUCTING OFFICERS REPORT
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Activities during the period : (continued)
Sub-Fund Name Share Class Class Currency Base Currency
Investment Management Fees
Distribution Fees Date Launched
Aviva Investors - ReturnPlus Fund A Share Class Accumulation Hedged EUR EUR USD 0.00% 0.00% 5 June 2026
Aviva Investors - ReturnPlus Fund R Share Class Accumulation Hedged EUR EUR USD 0.00% 0.00% 5 June 2026
Aviva Investors - ReturnPlus Fund Ry Share Class Accumulation Hedged GBP GBP USD 0.15% 0.00% 26 January 2026
Aviva Investors - ReturnPlus Fund Rq Share Class Dividend Hedged GBP GBP USD 0.15% 0.00% 26 January 2026
Aviva Investors - ReturnPlus Fund S Share Class Accumulation Hedged EUR EUR USD 0.13% 0.00% 5 June 2026
Aviva Investors - ReturnPlus Fund Sq Share Class Dividend Hedged GBP GBP USD 0.13% 0.00% 26 January 2026
Aviva Investors - ReturnPlus Fund
Sy Share Class Accumulation Hedged GBP GBP USD 0.13% 0.00% 26 January 2026
Aviva Investors - Senior ABS Income Fund
I Share Class Accumulation GBP GBP GBP 0.30% 0.00% 25 June 2026
Aviva Investors - Senior ABS Income Fund I Share Class Accumulation Hedged EUR EUR GBP 0.30% 0.00% 25 June 2026
Aviva Investors - Senior ABS Income Fund I Share Class Accumulation Hedged USD USD GBP 0.30% 0.00% 25 June 2026 Aviva Investors - Senior ABS Income Fund Iq Share Class Dividend GBP GBP GBP 0.30% 0.00% 25 June 2026
Aviva Investors - Senior ABS Income Fund R Share Class Accumulation GBP GBP GBP 0.30% 0.00% 25 June 2026
Aviva Investors - Senior ABS Income Fund S Share Class Accumulation GBP GBP GBP 0.15% 0.00% 25 June 2026 Aviva Investors - Senior ABS Income Fund Sq Share Class Dividend GBP GBP GBP 0.15% 0.00% 25 June 2026
Aviva Investors - Senior ABS Income Fund Z Share Class Accumulation GBP GBP GBP 0.00% 0.00% 25 June 2026
Aviva Investors - Senior ABS Income Fund Z Share Class Accumulation Hedged USD USD GBP 0.00% 0.00% 25 June 2026 Changes in the Board of Directors: Changes in the composition of the Board of Directors (the "Board") during the year are outlined on page 6 and below, under Significant Events. Management Company role and responsibilities: Aviva Investors Luxembourg S.A. as the Management Company is responsible for the investment management, administration and distribution functions of the Company. Aviva Investors Luxembourg S.A. may delegate part or all of such functions to third parties, subject to overall control and supervision. Please refer to the “Management and administration” section to get more details on delegations in place. Conducting officers: The Management Company has appointed Conducting officers, in charge of the day to day management which are: - Victoria Kernan - Sophie Vilain - Cindy Joller - Matteo Sbrolla - Justine Losic (until 6 July 2026)* * Following the suspension of Ms. Justine Losic’s mandate as conducting officer responsible for Valuation, Administration of UCIs – Fund Accounting Oversight, and Accounting, from 6 July 2026 until her return from leave, Mr. Stephen Mann was appointed as her replacement with effect from 24 July 2026 . The Directors of the Company are required to take decisions in the interests of the Company and its Shareholders and to refrain from taking part in any deliberation or decision which creates conflict between their personal interests and those of the Company and its Shareholders. The Board of Directors meets at least four times a year. The Board requests and receives reports from Aviva Investors Luxembourg S.A. on the various activities including compliance controls and risk management undertaken by the Management Company. Senior Aviva Investors Luxembourg S.A. representatives attend all of the quarterly Board meetings, thus enabling the Board to question the reports presented to it. The Board reviews the Annual Report, the external audit process, corporate governance issues, agreements with various key service providers and the relationship with the external Auditor, including the recommendation to Shareholders of its appointment and level of fees. A new director can be co-opted by existing directors of the Company following the resignation of one director. Such co-optation is required to be ratif ied by the shareholders at the Annual General Meeting (“AGM”). If there is no resignation, the existing directors cannot proceed by way of co-optation, an d the approval of the shareholders at an AGM or Extraordinary General Meeting (“EGM”) will be required to appoint a new director. Commission de Surveillance du Secteur Financier (“CSSF”) approval is required in both circumstances. Directors who are affiliated with Aviva investors and its af filiates and subsidiaries have waived their fees for the period ended 30 June 2026. The Company is subject to corporate governance based on:
Aviva Investors Société d’investissement à capital variable (SICAV)
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BOARD OF DIRECTORS' AND CONDUCTING OFFICERS REPORT (CONTINUED)
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Conducting officers: (continued) Its obligations as defined by Luxembourg Law 17 December 2010 relating to undertakings for collective investment (as amended) and the Luxembourg law of 10 August 1915 on commercial companies (as amended). Its Articles of Incorporation which are available for inspection at the registered office of the Company and at the Luxembourg corporate and trade register, Registre de Commerce et des Sociétés. Its rules of conduct which have been adopted pursuant to applicable requirements under CSSF Regulation 10-4 and CSSF Circular 18/698 for which the Company relies on: - the Association of the Luxembourg Fund Industry (“ALFI”) code of conduct for Luxembourg investment funds. The code of conduct sets a framework of high-level principles and best practice recommendations for the governance of Luxembourg investment funds. The Board of Directors consider that the Fund has been in compliance with this code in all material aspects throughout the period ended 30 June 2026. Environmental, Social & Governance (ESG) Sub-Funds: Information regarding how the Investment Manager integrates ESG into its investment approach, its proprietary ESG model and how it engages with companies for each Sub-Funds is available on the website http://www.avivainvestors.com. Annual General Meeting: The annual general meeting shall be held in the Grand Duchy of Luxembourg at the registered office of the Company, or at such other place in Luxembourg as may be specified in the notice of the meeting, at any date and time decided by the Board but no later than within 6 months from the end of the Company's previous financial year. Significant Events: Effective 24 March 2026, Jacques Elvinger resigned from the Board of Directors. Effective 24 March 2026, Gast Juncker was appointed to the Board of Directors. Effective 27 March 2026, the base currency of Aviva Investors - Emerging Markets Local Currency Bond Fund changed from Euro to US Dollar. Effective 24 June 2026, Aviva Investors - Global Hybrid Bond Fund and Aviva Investors - Global Unconstrained Credit Fund were launched. Effective 25 June 2026, Aviva Investors - Senior ABS Income Fund was launched.
The information stated in the report is historical and is not representative of future results.
Aviva Investors Société d’investissement à capital variable (SICAV)
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The Bo ar d o f Dir ec t ors L u x e mbour g, 2 6 A ugus t 202 6
BOARD OF DIRECTORS' AND CONDUCTING OFFICERS REPORT (CONTINUED)
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REGISTERED OFFICE 2, rue du Fort Bourbon L-1249 Luxembourg Grand Duchy of Luxembourg BOARD OF DIRECTORS
DIRECTORS Denise Voss Independent Director 11, rue Gabriel Lippmann L-4119 Esch-sur-Alzette Grand Duchy of Luxembourg Jacques Elvinger (until 24 March 2026) Partner Elvinger Hoss Prussen Société anonyme 2, Place Winston Churchill L-1340 Luxembourg Grand Duchy of Luxembourg Paula Concordea Head of Legal Aviva Investors Luxembourg 2, rue du Fort Bourbon, L-1249 Luxembourg, Grand Duchy of Luxembourg Celeste Dias Brennan Global Head of Product and distribution Aviva Investors Global Services Limited 80 Fenchurch St London EC3M 4AE, United Kingdom Gast Juncker (from 24 March 2026) Partner Elvinger Hoss Prussen Société anonyme 2, Place Winston Churchill L-1340 Luxembourg Grand Duchy of Luxembourg REPRESENTATIVE AND PAYING AGENT IN SWITZERLAND BNP PARIBAS, Paris, Zurich Branch Selnaustrasse 16 8002 Zurich Switzerland MANAGEMENT COMPANY AND DOMICILIARY AGENT Aviva Investors Luxembourg S.A. 2, rue du Fort Bourbon L-1249 Luxembourg Grand Duchy of Luxembourg
INVESTMENT MANAGER(*) Aviva Investors Global Services Limited (AIGSL) 80 Fenchurch St London EC3M 4AE, United Kingdom SUB-INVESTMENT MANAGER(**) Aviva Investors Global Emerging Markets Core Fund Aviva Investors Asia Pte. Limited 138 Market Street, #05-01, CapitaGreen, Singapore 048946 REGISTRAR AND TRANSFER AGENT(*) The Bank of New York Mellon SA/NV, Luxembourg Branch 2-4 rue Eugéne Ruppert L-2453 Luxembourg Grand Duchy of Luxembourg ADMINISTRATOR(*) The Bank of New York Mellon SA/NV, Luxembourg Branch 2-4 rue Eugéne Ruppert L-2453 Luxembourg Grand Duchy of Luxembourg DEPOSITARY The Bank of New York Mellon SA/NV, Luxembourg Branch 2-4 rue Eugéne Ruppert L-2453 Luxembourg Grand Duchy of Luxembourg AUDITOR Ernst & Young S.A. 35E, avenue John F. Kennedy L-1855 Luxembourg Grand Duchy of Luxembourg LEGAL ADVISER Elvinger Hoss & Prussen Société anonyme 2, Place Winston Churchill L-1340 Luxembourg Grand Duchy of Luxembourg LISTING AGENT Matheson LLP Solicitors 70 Sir John Rogerson's Quay Dublin 2, Ireland D02 R296
(*) Subject to the responsibility and oversight of Aviva Investors Luxembourg S.A. (**) Subject to the responsibility and oversight of Aviva Investors Global Services Limited, the Investment Manager.
Aviva Investors Société d’investissement à capital variable (SICAV)
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MANAGEMENT AND ADMINISTRATION
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Please note that the Portfolio of Investments and Other Net Assets has been prepared based on the country of incorporation of each position. To ensure consistency within this report, the same approach has been applied to all categories of investments. A disclosure based on country of risk could lead t o a different geographical classification. Investments in China are shown with the suffix 'A' or 'H' which signifies: China A-Shares Companies incorporated in mainland China and which are traded in the mainland A-Share markets. China H-Shares Companies incorporated in mainland China and listed in Hong Kong and other foreign stock exchanges. Please also note that the geographical allocation of the portfolios excludes derivatives exposure.
Aviva Investors Société d’investissement à capital variable (SICAV)
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NOTES ON THE PORTFOLIO OF INVESTMENTS DISCLOSURE:
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Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Transferable securities and money market instruments admitted to an official exchange listing Bonds Angola Angolan Government International Bond, Reg. S 9.375% 31/03/2033 USD 14,000,000 14,355,531 0.35 Angolan Government International Bond, Reg. S 9.875% 31/03/2037 USD 19,000,000 19,639,641 0.48 33,995,172 0.83 Argentina Argentine Republic Government International Bond, FRN 0% 15/12/2035 USD 50,000,000 2,912,500 0.07 Argentine Republic Government International Bond, STEP 4.125% 09/07/2035 USD 75,000,000 60,112,500 1.48 Argentine Republic Government International Bond, STEP 5% 09/01/2038 USD 37,500,000 31,331,250 0.77 Argentine Republic Government International Bond, STEP 3.5% 09/07/2041 USD 67,500,003 50,625,002 1.25 Bono Del Tesoro Nacional Capitalizable en Pesos 2.55% 30/04/2027 ARS 7,400,000,000 6,484,615 0.16 Bono Del Tesoro Nacional Capitalizable en Pesos 2.05% 15/01/2027 ARS 9,478,991,597 8,959,740 0.22 160,425,607 3.95 Brazil Brazil Notas do Tesouro Nacional Serie F 10% 01/01/2035 BRL 480,000,000 74,529,716 1.84 Brazilian Government International Bond 6% 20/10/2033 USD 10,000,000 10,070,000 0.25 Brazilian Government International Bond 7.25% 12/01/2056 USD 30,000,000 30,202,500 0.74 Brazilian Government International Bond 5.5% 04/02/2033 USD 30,000,000 29,601,000 0.73 Brazilian Government International Bond 6.25% 22/05/2036 USD 35,000,000 34,685,000 0.86 179,088,216 4.42 Cayman Islands Gaci First Investment Co., Reg. S 5.375% 13/10/2122 USD 30,000,000 25,198,392 0.62 Gaci First Investment Co., Reg. S 5% 29/01/2029 USD 25,000,000 25,013,073 0.62 Gaci First Investment Co., Reg. S 5.25% 29/01/2030 USD 27,500,000 27,761,798 0.68 Gaci First Investment Co., Reg. S 5% 15/09/2035 USD 65,000,000 63,634,343 1.57 Gaci First Investment Co., Reg. S 5.25% 14/05/2033 USD 27,118,000 27,108,405 0.67 Gaci First Investment Co., Reg. S 6.25% 14/05/2056 USD 35,887,000 35,959,814 0.89 SA Global Sukuk Ltd., Reg. S 4.25% 02/10/2029 USD 65,000,000 63,843,118 1.57 268,518,943 6.62
Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Chile Chile Government International Bond 3.1% 07/05/2041 USD 10,000,000 7,677,500 0.19 Chile Government International Bond 2.55% 27/07/2033 USD 20,000,000 17,202,000 0.42 Empresa Nacional del Petroleo, Reg. S 6.15% 10/05/2033 USD 34,000,000 35,344,326 0.87 60,223,826 1.48 Colombia Colombia Government International Bond 8% 20/04/2033 USD 13,000,000 14,261,000 0.35 Colombia Government International Bond 7.5% 02/02/2034 USD 20,000,000 21,400,000 0.53 Colombia Government International Bond 6.125% 21/01/2031 USD 20,000,000 20,219,000 0.50 Colombia Government International Bond 6.5% 21/01/2033 USD 60,000,000 61,020,000 1.50 116,900,000 2.88 Côte d'Ivoire Ivory Coast Government International Bond, Reg. S 6.875% 17/10/2040 EUR 10,000,000 11,768,769 0.29 Ivory Coast Government International Bond, Reg. S 6.375% 03/03/2028 USD 6,670,000 6,766,686 0.17 Ivory Coast Government International Bond, Reg. S 8.075% 01/04/2036 USD 18,500,000 20,295,716 0.50 38,831,171 0.96 Dominican Republic Dominican Republic International Bond, Reg. S 4.875% 23/09/2032 USD 22,500,000 21,430,125 0.53 Dominican Republic International Bond, Reg. S 5.95% 25/01/2027 USD 45,000,000 45,335,250 1.12 Dominican Republic International Bond, Reg. S 5.5% 22/02/2029 USD 20,000,000 20,053,000 0.49 86,818,375 2.14 Ecuador Ecuador Government International Bond, Reg. S 9.25% 29/01/2039 USD 22,000,000 22,638,000 0.56 Ecuador Government International Bond, Reg. S 8.75% 29/01/2034 USD 30,000,000 30,330,000 0.75 Ecuador Government International Bond, STEP, Reg. S 6.9% 31/07/2035 USD 45,934,271 42,282,496 1.04 95,250,496 2.35 Egypt Egypt Government Bond 23.531% 04/03/2027 EGP 750,000,000 15,159,487 0.37 Egypt Government Bond 22.695% 02/12/2027 EGP 401,316,000 8,054,743 0.20 Egypt Government International Bond, Reg. S 8.5% 31/01/2047 USD 15,000,000 14,720,156 0.36
Aviva Investors Société d’investissement à capital variable (SICAV)
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Aviva Investors - EMERGING MARKETS BOND FUND Portfolio of Investments and Other Net Assets as at 30 June 2026
The accompanying notes form an integral part of these financial statements. avivainvestors.com | Semi-annual report and unaudited financial statements 8
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Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Egypt Government International Bond, Reg. S 7.903% 21/02/2048 USD 15,000,000 13,800,535 0.34 Egypt Treasury Bills 0% 08/12/2026 EGP 591,000,000 10,934,528 0.27 Egypt Treasury Bills 0% 15/09/2026 EGP 1,300,000,000 25,363,857 0.63 88,033,306 2.17 Gabon Gabon Government International Bond, Reg. S 6.625% 06/02/2031 USD 14,000,000 12,076,357 0.30 Gabon Government International Bond, Reg. S 7% 24/11/2031 USD 2,500,000 2,137,052 0.05 14,213,409 0.35 Ghana Ghana Government International Bond, Reg. S 0% 03/07/2026 USD 416,000 415,073 0.01 Ghana Government International Bond, Reg. S 0% 03/01/2030 USD 2,408,374 2,164,354 0.05 Ghana Government International Bond, STEP, Reg. S 5% 03/07/2029 USD 11,011,000 10,898,088 0.27 Ghana Government International Bond, STEP, Reg. S 5% 03/07/2035 USD 33,560,000 31,164,137 0.77 44,641,652 1.10 Indonesia Danantara Investment Management PT, Reg. S 5.95% 18/06/2036 USD 20,000,000 19,961,229 0.49 Indonesia Government International Bond 3.55% 31/03/2032 USD 40,000,000 37,148,781 0.92 Indonesia Government International Bond 2.15% 28/07/2031 USD 20,000,000 17,554,526 0.43 Indonesia Government International Bond 4.65% 20/09/2032 USD 50,000,000 49,094,153 1.21 Indonesia Government International Bond 4.75% 10/09/2034 USD 10,000,000 9,681,961 0.24 Pertamina Persero PT, Reg. S 4.15% 25/02/2060 USD 40,000,000 29,263,315 0.72 162,703,965 4.01 Kazakhstan Kazakhstan Government International Bond, Reg. S 4.412% 28/10/2030 USD 20,000,000 19,695,962 0.49 QazaqGaz NC JSC, Reg. S 5.625% 08/05/2036 USD 18,043,000 17,790,487 0.44 37,486,449 0.93 Kenya Republic of Kenya Government International Bond, Reg. S 8.7% 26/02/2039 USD 15,000,000 14,890,577 0.37 14,890,577 0.37 Lebanon Lebanon Government International Bond, Reg. S 6.6% 27/11/2026 USD 5,000,000 1,247,251 0.03
Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Lebanon Government International Bond, Reg. S 6.75% 29/11/2027 USD 5,000,000 1,252,679 0.03 Lebanon Government International Bond, Reg. S 6% 27/01/2023 USD 6,000,000 1,483,350 0.04 Lebanon Government International Bond, Reg. S 6.65% 26/02/2030 USD 5,000,000 1,276,017 0.03 Lebanon Government International Bond, Reg. S 6.85% 23/03/2027 USD 5,000,000 1,251,249 0.03 Lebanon Government International Bond, Reg. S 7% 23/03/2032 USD 5,000,000 1,280,682 0.03 Lebanon Government International Bond, Reg. S 6.65% 03/11/2028 USD 11,000,000 2,765,349 0.07 Lebanon Government International Bond, Reg. S 7.25% 23/03/2037 USD 5,000,000 1,305,607 0.03 Lebanon Government International Bond, Reg. S 7.05% 02/11/2035 USD 5,000,000 1,298,326 0.03 Lebanon Government International Bond, Reg. S 8.2% 17/05/2033 USD 6,000,000 1,594,210 0.04 14,754,720 0.36 Luxembourg Greensaif Pipelines Bidco SARL, Reg. S 6.103% 23/08/2042 USD 15,000,000 15,334,512 0.38 Greensaif Pipelines Bidco SARL, Reg. S 5.853% 23/02/2036 USD 30,000,000 30,653,329 0.76 45,987,841 1.14 Mexico Mexican Bonos 8% 31/07/2053 MXN 900,000,000 43,759,917 1.08 Mexico Government International Bond 4.28% 14/08/2041 USD 40,000,000 31,560,000 0.78 Mexico Government International Bond 3.5% 12/02/2034 USD 25,000,000 21,350,000 0.53 Mexico Government International Bond 6.35% 09/02/2035 USD 10,000,000 10,240,000 0.25 Mexico Government International Bond 7.375% 13/05/2055 USD 25,000,000 26,556,250 0.65 Mexico Government International Bond 6.625% 29/01/2038 USD 35,000,000 35,910,000 0.89 Mexico Government International Bond 5.375% 22/03/2033 USD 43,800,000 42,948,090 1.06 212,324,257 5.24 Morocco Morocco Government International Bond, Reg. S 2.375% 15/12/2027 USD 14,000,000 13,520,650 0.33 Morocco Government International Bond, Reg. S 5.95% 08/03/2028 USD 23,000,000 23,394,906 0.58 OCP SA, Reg. S 6.1% 30/04/2030 USD 15,000,000 15,343,551 0.38 52,259,107 1.29
Aviva Investors Société d’investissement à capital variable (SICAV)
gn Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1
Aviva Investors - EMERGING MARKETS BOND FUND (CONTINUED) Portfolio of Investments and Other Net Assets as at 30 June 2026
The accompanying notes form an integral part of these financial statements. avivainvestors.com | Semi-annual report and unaudited financial statements 9
Aviva Investors Société d’investissement à capital variable (SICAV)
Docusign Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1164700
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Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Netherlands Yinson Bergenia Production BV, Reg. S 8.498% 31/01/2045 USD 13,215,860 14,127,761 0.35 14,127,761 0.35 Oman Mazoon Assets Co. SAOC, Reg. S 5.2% 08/11/2027 USD 5,000,000 5,000,615 0.12 Mazoon Assets Co. SAOC, Reg. S 5.5% 14/02/2029 USD 18,800,000 19,015,578 0.47 Mazoon Assets Co. SAOC, Reg. S 5.25% 09/10/2031 USD 14,500,000 14,599,070 0.36 Oman Government International Bond, Reg. S 5.625% 17/01/2028 USD 35,000,000 35,393,455 0.87 74,008,718 1.82 Paraguay Paraguay Government International Bond, Reg. S 2.739% 29/01/2033 USD 5,000,000 4,443,350 0.11 Paraguay Government International Bond, Reg. S 3.849% 28/06/2033 USD 10,000,000 9,376,200 0.23 13,819,550 0.34 Peru Peruvian Government International Bond 1.862% 01/12/2032 USD 25,000,000 20,775,000 0.51 Peruvian Government International Bond 2.78% 01/12/2060 USD 55,000,000 30,162,000 0.74 Peruvian Government International Bond 3% 15/01/2034 USD 22,000,000 19,085,000 0.47 70,022,000 1.72 Philippines Philippine Government International Bond 5.25% 14/05/2034 USD 25,000,000 25,140,780 0.62 Philippine Government International Bond 4.75% 05/03/2035 USD 25,000,000 24,248,998 0.60 Philippine Government International Bond 5% 27/01/2036 USD 15,000,000 14,719,352 0.36 ROP Sukuk Trust, Reg. S 5.045% 06/06/2029 USD 10,000,000 10,073,500 0.25 74,182,630 1.83 Poland Republic of Poland Government International Bond 5.375% 14/04/2036 USD 68,600,000 69,250,569 1.71 Republic of Poland Government International Bond 6.125% 14/04/2056 USD 28,451,000 28,988,982 0.71 98,239,551 2.42 Romania Romanian Government International Bond, Reg. S 2.75% 14/04/2041 EUR 10,000,000 7,794,284 0.19 Romanian Government International Bond, Reg. S 2.625% 02/12/2040 EUR 40,000,000 31,034,330 0.77 Romanian Government International Bond, Reg. S 5.875% 30/01/2029 USD 10,000,000 10,100,753 0.25
Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Romanian Government International Bond, Reg. S 6.375% 30/01/2034 USD 10,000,000 10,146,704 0.25 Romanian Government International Bond, Reg. S 5.75% 16/09/2030 USD 42,400,000 42,672,183 1.05 101,748,254 2.51 Saudi Arabia Saudi Arabian Oil Co., Reg. S 3.25% 24/11/2050 USD 13,708,000 8,983,603 0.22 Saudi Government International Bond, Reg. S 3.25% 17/11/2051 USD 16,000,000 10,489,728 0.26 Saudi Government International Bond, Reg. S 5.75% 16/01/2054 USD 20,000,000 19,312,444 0.48 Saudi Government International Bond, Reg. S 5.875% 12/01/2056 USD 55,000,000 53,633,650 1.32 92,419,425 2.28 Senegal Senegal Government International Bond, Reg. S 6.25% 23/05/2033 USD 25,000,000 13,376,624 0.33 Senegal Government International Bond, Reg. S 7.75% 10/06/2031 USD 20,000,000 10,794,085 0.27 24,170,709 0.60 Serbia Serbia International Bond, Reg. S 6.25% 26/05/2028 USD 30,000,000 30,608,886 0.75 30,608,886 0.75 South Africa Republic of South Africa Government International Bond 5.65% 27/09/2047 USD 5,000,000 4,244,892 0.10 Republic of South Africa Government International Bond 5.75% 30/09/2049 USD 15,000,000 12,714,606 0.31 Republic of South Africa Government International Bond, Reg. S 7.95% 19/11/2054 USD 10,000,000 10,825,680 0.27 Republic of South Africa Government International Bond, Reg. S 7.25% 11/12/2055 USD 10,000,000 9,999,060 0.25 Republic of South Africa Government International Bond, Reg. S 6.125% 11/12/2037 USD 20,000,000 19,687,150 0.49 57,471,388 1.42 Turkey TC Ziraat Bankasi AS, Reg. S, FRN 8.994% 02/08/2034 USD 21,500,000 22,315,700 0.55 Turkiye Government Bond 30% 12/09/2029 TRY 3,100,000,000 59,875,342 1.48 Turkiye Government Bond 36% 12/08/2026 TRY 850,000,000 18,183,335 0.45 Turkiye Government Bond 37.84% 14/07/2027 TRY 3,320,000,000 71,604,634 1.77 Turkiye Government International Bond 5.75% 11/05/2047 USD 40,000,000 32,465,750 0.80 Turkiye Government International Bond 4.875% 16/04/2043 USD 40,000,000 30,438,650 0.75
Aviva Investors Société d’investissement à capital variable (SICAV)
gn Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1
Aviva Investors - EMERGING MARKETS BOND FUND (CONTINUED) Portfolio of Investments and Other Net Assets as at 30 June 2026
The accompanying notes form an integral part of these financial statements. avivainvestors.com | Semi-annual report and unaudited financial statements 10
Aviva Investors Société d’investissement à capital variable (SICAV)
Docusign Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1164700
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Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Turkiye Government International Bond 6.95% 16/09/2035 USD 40,000,000 40,154,406 0.99 Turkiye Government International Bond 6.8% 04/11/2036 USD 20,000,000 19,773,618 0.49 Turkiye Varlik Fonu Yonetimi AS, Reg. S 6.875% 10/02/2031 USD 12,000,000 12,006,593 0.30 306,818,028 7.58 Ukraine Ukraine Government International Bond, STEP, Reg. S 4.5% 01/02/2034 USD 18,000,000 12,680,873 0.31 Ukraine Government International Bond, STEP, Reg. S 4.5% 01/02/2036 USD 5,000,000 3,444,279 0.09 Ukraine Government International Bond, STEP, Reg. S 0% 01/02/2034 USD 37,000,000 20,963,260 0.52 Ukraine Government International Bond, STEP, Reg. S 0% 01/02/2035 USD 37,000,000 22,330,732 0.55 Ukraine Government International Bond, STEP, Reg. S 0% 01/02/2036 USD 25,000,000 15,067,384 0.37 Ukraine Government International Bond, STEP, Reg. S 4.5% 01/02/2035 USD 15,000,000 10,420,158 0.26 84,906,686 2.10 United Arab Emirates Abu Dhabi Crude Oil Pipeline LLC, Reg. S 4.6% 02/11/2047 USD 40,000,000 35,896,741 0.89 Abu Dhabi Developmental Holding Co. PJSC, Reg. S 5.375% 08/05/2029 USD 14,050,000 14,298,951 0.35 Abu Dhabi Future Energy Co. PJSC Masdar, Reg. S 4.875% 21/05/2030 USD 22,500,000 22,488,096 0.55 Abu Dhabi Government International Bond, Reg. S 3.125% 30/09/2049 USD 20,000,000 13,524,426 0.33 Abu Dhabi Government International Bond, Reg. S 3.875% 16/04/2050 USD 10,000,000 7,724,590 0.19 Adnoc Murban Rsc Ltd., Reg. S 5.125% 11/09/2054 USD 28,839,000 26,086,725 0.64 Finance Department Government of Sharjah, Reg. S 4% 28/07/2050 USD 23,000,000 15,171,500 0.37 135,191,029 3.32 United States of America United States Treasury Notes 4.125% 15/02/2036 USD 125,000,000 121,972,656 3.01 United States Treasury Notes 3.375% 29/02/2028 USD 55,000,000 54,318,945 1.34 176,291,601 4.35 Uzbekistan Uzbekneftegaz JSC, Reg. S 4.75% 16/11/2028 USD 17,000,000 16,453,450 0.41 16,453,450 0.41
Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Zambia Zambia Government International Bond, STEP, Reg. S 5.75% 30/06/2033 USD 3,950,877 3,904,461 0.10 3,904,461 0.10 Total Bonds 3,101,731,216 76.49 Total Transferable securities and money market instruments admitted to an official exchange listing 3,101,731,216 76.49 Transferable securities and money market instruments dealt in on another regulated market Bonds Argentina Argentine Republic Government International Bond, STEP 4.125% 09/07/2046 USD 32,613,637 25,014,659 0.62 25,014,659 0.62 Cayman Islands Kingston Airport Revenue Finance Ltd., Reg. S 6.75% 15/12/2036 USD 9,989,671 10,139,516 0.25 10,139,516 0.25 Chile Corp. Nacional del Cobre de Chile, Reg. S 6.44% 26/01/2036 USD 11,000,000 11,681,901 0.29 Empresa Nacional del Petroleo, Reg. S 5.95% 30/07/2034 USD 6,428,000 6,571,447 0.16 18,253,348 0.45 Dominican Republic Dominican Republic International Bond, Reg. S 6.95% 15/03/2037 USD 10,000,000 10,627,000 0.26 10,627,000 0.26 Indonesia Danantara Investment Management PT, Reg. S 5.35% 18/06/2031 USD 34,483,000 34,447,356 0.85 Pertamina Hulu Energi PT, Reg. S 5.25% 21/05/2030 USD 40,016,000 39,958,662 0.99 74,406,018 1.84 Ireland Aragvi Finance International DAC, Reg. S 12.75% 26/05/2031 USD 10,000,000 7,982,141 0.20 7,982,141 0.20 Luxembourg Eagle Funding Luxco SARL, Reg. S 5.5% 17/08/2030 USD 79,938,000 80,361,671 1.98 Raizen Fuels Finance SA, Reg. S 6.45% 05/03/2034 USD 11,700,000 6,471,563 0.16 Raizen Fuels Finance SA, Reg. S 5.7% 17/01/2035 USD 10,300,000 5,698,475 0.14 92,531,709 2.28 Malaysia Petronas Capital Ltd., Reg. S 4.95% 03/01/2031 USD 20,000,000 20,263,196 0.50 Petronas Capital Ltd., Reg. S 5.34% 03/04/2035 USD 20,000,000 20,507,523 0.51 40,770,719 1.01 Mexico Mexico Government International Bond 6% 07/05/2036 USD 25,000,000 24,978,750 0.61
Aviva Investors Société d’investissement à capital variable (SICAV)
gn Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1
Aviva Investors - EMERGING MARKETS BOND FUND (CONTINUED) Portfolio of Investments and Other Net Assets as at 30 June 2026
The accompanying notes form an integral part of these financial statements. avivainvestors.com | Semi-annual report and unaudited financial statements 11
Aviva Investors Société d’investissement à capital variable (SICAV)
Docusign Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1164700
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Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Mexico Government International Bond 6.875% 13/05/2037 USD 20,000,000 21,006,000 0.52 Mexico Government International Bond 6.125% 09/02/2038 USD 40,000,000 39,290,000 0.97 Mexico Government International Bond 6.75% 09/02/2056 USD 50,000,000 49,075,000 1.21 Mexico Government International Bond 6.25% 27/08/2037 USD 31,472,000 31,512,745 0.78 Petroleos Mexicanos 6.35% 12/02/2048 USD 15,000,000 12,374,511 0.30 Petroleos Mexicanos 7.69% 23/01/2050 USD 15,000,000 14,000,687 0.34 Petroleos Mexicanos 6.95% 28/01/2060 USD 40,000,000 33,673,200 0.83 Petroleos Mexicanos 5.5% 27/06/2044 USD 10,000,000 7,982,500 0.20 Petroleos Mexicanos 6.75% 21/09/2047 USD 30,000,000 25,701,900 0.63 259,595,293 6.39 Morocco OCP SA, Reg. S 6.75% 02/05/2034 USD 21,500,000 22,601,505 0.56 22,601,505 0.56 Turkey Turkiye Ihracat Kredi Bankasi AS, Reg. S 7.5% 06/02/2028 USD 25,000,000 25,567,783 0.63 Turkiye Varlik Fonu Yonetimi AS, Reg. S 8.25% 14/02/2029 USD 13,391,000 13,993,420 0.34 39,561,203 0.97 United Kingdom Liquid Telecommunications Financing plc, Reg. S 10.75% 14/04/2031 USD 9,360,000 9,696,675 0.24 9,696,675 0.24 Total Bonds 611,179,786 15.07
Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Commercial Papers Egypt Egypt Treasury Bills EGP 1,679,000,000 33,970,727 0.84 Egypt Treasury Bills EGP 400,000,000 8,092,131 0.20 42,062,858 1.04 Total Commercial Papers 42,062,858 1.04 Total Transferable securities and money market instruments dealt in on another regulated market 653,242,644 16.11 Units of authorised UCITS or other collective investment undertakings Collective Investment Schemes Ireland Aviva Investors Liquidity Funds plc - Euro Liquidity Fund † EUR 938 114,916 Aviva Investors Liquidity Funds plc - USD Liquity Fund † USD 138,644,491 138,630,627 3.42 138,745,543 3.42 Luxembourg Aviva Investors - ReturnPlus Fund † USD 30,000 31,208,299 0.77 31,208,299 0.77 Total Collective Investment Schemes 169,953,842 4.19 Total Units of authorised UCITS or other collective investment undertakings 169,953,842 4.19 Total investments 3,924,927,702 96.79 Cash/(bank overdraft) 71,395,911 1.76 Other assets/(liabilities) 58,768,789 1.45 Total net assets 4,055,092,402 100.00 † Related Party Fund
Forward Currency Exchange Contracts
Currency Purchased Amount Purchased Currency Sold Amount Sold Maturity Date Counterparty
Unrealised Gain/ (Loss) USD % of Net Assets CHF 242,937 USD 300,428 04/08/2026 BNY Mellon 1,922 EUR 85,827,735 USD 97,539,095 04/08/2026 BNY Mellon 731,176 0.02 EUR 172,993,343 USD 196,873,344 16/09/2026 Standard Chartered Bank 1,552,410 0.04 GBP 619,444,556 USD 816,110,334 04/08/2026 BNY Mellon 6,029,347 0.15 KZT 21,000,000,000 USD 41,572,227 16/09/2026 Deutsche Bank 1,203,380 0.03 USD 168,896 EUR 147,456 13/07/2026 BNY Mellon 219 USD 163,776 EUR 142,954 20/07/2026 BNY Mellon 202 USD 163,822 EUR 142,954 27/07/2026 BNY Mellon 199 USD 163,877 EUR 142,954 04/08/2026 BNY Mellon 200 USD 103,292,802 EUR 89,019,343 16/09/2026 J.P. Morgan 1,186,386 0.03 USD 902,949 GBP 673,218 13/07/2026 BNY Mellon 9,429 USD 859,197 GBP 640,523 20/07/2026 BNY Mellon 9,076 USD 40 GBP 30 27/07/2026 BNY Mellon - USD 46,932,628 MXN 825,000,001 15/09/2026 Merrill Lynch 16,844 ZAR 765,946,169 USD 46,426,049 16/09/2026 Goldman Sachs 12,607 Total Unrealised Gain on Forward Currency Exchange Contracts - Assets 10,753,397 0.27 CHF 242,937 USD 310,379 13/07/2026 BNY Mellon (8,776) CHF 242,937 USD 306,319 20/07/2026 BNY Mellon (4,475) CHF 242,937 USD 306,947 27/07/2026 BNY Mellon (4,862) EUR 85,831,958 USD 100,092,243 13/07/2026 BNY Mellon (1,907,970) (0.06)
Aviva Investors Société d’investissement à capital variable (SICAV)
gn Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1
Aviva Investors - EMERGING MARKETS BOND FUND (CONTINUED) Portfolio of Investments and Other Net Assets as at 30 June 2026
The accompanying notes form an integral part of these financial statements. avivainvestors.com | Semi-annual report and unaudited financial statements 12
Aviva Investors Société d’investissement à capital variable (SICAV)
Docusign Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1164700
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Forward Currency Exchange Contracts (continued)
Currency Purchased Amount Purchased Currency Sold Amount Sold Maturity Date Counterparty
Unrealised Gain/ (Loss) USD % of Net Assets EUR 85,830,797 USD 99,400,401 20/07/2026 BNY Mellon (1,188,422) (0.03) EUR 85,827,735 USD 99,734,720 27/07/2026 BNY Mellon (1,497,197) (0.03) GBP 620,117,585 USD 835,125,005 13/07/2026 BNY Mellon (12,083,242) (0.29) GBP 620,087,284 USD 830,231,746 20/07/2026 BNY Mellon (7,233,818) (0.18) GBP 619,446,441 USD 831,087,939 27/07/2026 BNY Mellon (8,944,167) (0.22) MXN 725,000,000 USD 41,876,773 15/09/2026 Merrill Lynch (647,750) (0.02) USD 35,814,796 BRL 190,000,000 16/09/2026 Barclays (216,957) (0.01) USD 3,666 CHF 2,965 13/07/2026 BNY Mellon (15) USD 3,669 CHF 2,965 20/07/2026 BNY Mellon (15) USD 3,671 CHF 2,965 27/07/2026 BNY Mellon (15) USD 3,675 CHF 2,965 04/08/2026 BNY Mellon (15) USD 208,068 EUR 183,215 13/07/2026 BNY Mellon (1,515) USD 211,945 EUR 186,556 20/07/2026 BNY Mellon (1,522) USD 208,454 EUR 183,495 27/07/2026 BNY Mellon (1,571) USD 208,525 EUR 183,494 04/08/2026 BNY Mellon (1,571) USD 73,123,456 EUR 64,000,000 16/09/2026 UBS (285,428) (0.01) USD 3,177 GBP 2,394 20/07/2026 BNY Mellon (1) USD 2,709 GBP 2,045 27/07/2026 BNY Mellon (5) USD 249 GBP 189 04/08/2026 BNY Mellon (1) USD 49,387,953 ZAR 815,000,000 16/09/2026 Merrill Lynch (24,795) ZAR 167,500,000 USD 10,276,652 16/09/2026 Citigroup (121,271) ZAR 342,500,000 USD 20,879,054 16/09/2026 Deutsche Bank (113,574) ZAR 167,500,000 USD 10,295,806 16/09/2026 Royal Bank of Canada (140,426) Total Unrealised Loss on Forward Currency Exchange Contracts - Liabilities (34,429,376) (0.85) Net Unrealised Loss on Forward Currency Exchange Contracts - Liabilities (23,675,979) (0.58)
Financial Futures Contracts
Security Description Number of Contracts Currency
Unrealised Gain/(Loss) USD % of Net Assets US 10 Year Ultra Bond, 21/09/2026 1,594 USD 994,650 0.03 Total Unrealised Gain on Financial Futures Contracts - Assets 994,650 0.03
Credit Default Swap Contracts
Nominal Amount Currency Counterparty Reference Entity Buy/Sell
Interest (Paid)/ Received Rate Maturity Date Market Value USD % of Net Assets
(150,000,000) USD Citigroup Brazil Government Bond 3.75% 20/06/2031 Buy 1.000% 20/06/2031 1,673,469 0.04 (150,000,000) USD Barclays CDX.EM.45.V1 Buy 1.000% 20/06/2031 2,649,425 0.07 (15,000,000) USD Citigroup CDX.EM.45.V1 Buy 1.000% 20/06/2031 264,943 0.01 (100,000,000) USD Citigroup CDX.EM.45.V1 Buy 1.000% 20/06/2031 1,766,284 0.04
(50,000,000) USD Goldman Sachs South Africa Government Bond 5.88% 20/06/2031 Buy 1.000% 20/06/2031 546,404 0.01
(50,000,000) USD Morgan Stanley South Africa Government Bond 5.88% 20/06/2031 Buy 1.000% 20/06/2031 546,404 0.01
(67,500,000) USD BNP Paribas Turkey Government Bond 11.88% 20/06/2031 Buy 1.000% 20/06/2031 3,475,623 0.09
(32,500,000) USD BNP Paribas Turkey Government Bond 11.88% 20/06/2031 Buy 1.000% 20/06/2031 1,673,448 0.04
(50,000,000) USD Goldman Sachs Turkey Government Bond 11.88% 20/06/2031 Buy 1.000% 20/06/2031 2,574,535 0.06 Total Market Value on Credit Default Swap Contracts - Assets 15,170,535 0.37
Aviva Investors Société d’investissement à capital variable (SICAV)
gn Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1
Aviva Investors - EMERGING MARKETS BOND FUND (CONTINUED) Portfolio of Investments and Other Net Assets as at 30 June 2026
The accompanying notes form an integral part of these financial statements. avivainvestors.com | Semi-annual report and unaudited financial statements 13
Aviva Investors Société d’investissement à capital variable (SICAV)
Docusign Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1164700
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Interest Rate Swap Contracts
Nominal Amount Currency Counterparty Security Description Maturity Date Market Value USD % of Net Assets 415,547,592 BRL Barclays Pay floating BROIS 1 day Receive fixed 13.22% 02/01/2029 (1,645,508) (0.04) 414,434,832 BRL Barclays Pay floating BROIS 1 day Receive fixed 13.235% 02/01/2029 (1,611,645) (0.04) 3,350,000,000 ZAR Barclays Pay floating JIBAR 3 month Receive fixed 7.405% 16/09/2031 (87,728) Total Market Value on Interest Rate Swap Contracts - Liabilities (3,344,881) (0.08)
Aviva Investors Société d’investissement à capital variable (SICAV)
gn Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1
Aviva Investors - EMERGING MARKETS BOND FUND (CONTINUED) Portfolio of Investments and Other Net Assets as at 30 June 2026
The accompanying notes form an integral part of these financial statements. avivainvestors.com | Semi-annual report and unaudited financial statements 14
Aviva Investors Société d’investissement à capital variable (SICAV)
Docusign Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1164700
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Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Transferable securities and money market instruments admitted to an official exchange listing Bonds Argentina Argentine Republic Government International Bond, FRN 0% 15/12/2035 USD 6,000,000 349,500 0.05 349,500 0.05 Bermuda Ooredoo International Finance Ltd., Reg. S 4.5% 31/01/2043 USD 2,000,000 1,796,827 0.27 1,796,827 0.27 Brazil Brazil Notas do Tesouro Nacional Serie F 10% 01/01/2035 BRL 44,000,000 6,831,891 1.03 6,831,891 1.03 Cayman Islands Banco Mercantil del Norte SA, Reg. S, FRN 8.45% Perpetual USD 3,120,000 3,142,620 0.47 Gaci First Investment Co., Reg. S 6.25% 14/05/2056 USD 5,000,000 5,010,145 0.75 IHS Holding Ltd., Reg. S 5.625% 29/11/2026 USD 2,106,000 2,102,569 0.32 Ma'aden Sukuk Ltd., Reg. S 5.25% 29/01/2036 USD 4,200,000 4,138,927 0.62 MAF Global Securities Ltd., Reg. S, FRN 5.748% Perpetual USD 8,350,000 7,947,326 1.20 Melco Resorts Finance Ltd., Reg. S 5.375% 04/12/2029 USD 2,500,000 2,437,120 0.37 Melco Resorts Finance Ltd., Reg. S 5.75% 21/07/2028 USD 6,700,000 6,664,439 1.00 QNB Finance Ltd., Reg. S 2.75% 12/02/2027 USD 7,750,000 7,666,070 1.15 SNB Funding Ltd., Reg. S, FRN 6% 24/06/2035 USD 2,600,000 2,620,546 0.39 Wynn Macau Ltd., Reg. S 5.625% 26/08/2028 USD 3,371,000 3,352,122 0.51 45,081,884 6.78 Colombia Ecopetrol SA 7.75% 01/02/2032 USD 8,000,000 8,381,880 1.26 8,381,880 1.26 Indonesia Bank Mandiri Persero Tbk PT, Reg. S 5.25% 10/04/2031 USD 4,600,000 4,593,981 0.69 Freeport Indonesia PT, Reg. S 5.315% 14/04/2032 USD 12,500,000 12,430,430 1.87 17,024,411 2.56 Kazakhstan QazaqGaz NC JSC, Reg. S 5.625% 08/05/2036 USD 3,761,000 3,708,364 0.56 3,708,364 0.56 Luxembourg Greensaif Pipelines Bidco SARL, Reg. S 6.103% 23/08/2042 USD 5,000,000 5,111,504 0.77 Greensaif Pipelines Bidco SARL, Reg. S 5.853% 23/02/2036 USD 3,910,000 3,995,150 0.60 9,106,654 1.37
Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Mauritius HTA Group Ltd., Reg. S 7.5% 04/06/2029 USD 7,500,000 7,684,527 1.16 7,684,527 1.16 Mexico America Movil SAB de CV 5% 20/01/2033 USD 2,000,000 1,996,240 0.30 1,996,240 0.30 Morocco OCP SA, Reg. S 3.75% 23/06/2031 USD 8,500,000 7,861,199 1.18 OCP SA, Reg. S, FRN 7.368% Perpetual USD 3,750,000 3,745,486 0.56 OCP SA, Reg. S, FRN 6.741% Perpetual USD 7,750,000 7,713,000 1.16 19,319,685 2.90 Netherlands Prosus NV, Reg. S 3.832% 08/02/2051 USD 5,000,000 3,341,962 0.50 Vivo Energy Investments BV, Reg. S 5.125% 24/09/2027 USD 6,750,000 6,673,845 1.00 Yinson Bergenia Production BV, Reg. S 8.498% 31/01/2045 USD 3,338,006 3,568,330 0.54 Yinson Boronia Production BV, Reg. S 8.947% 31/07/2042 USD 4,371,570 4,811,209 0.72 18,395,346 2.76 Oman Mazoon Assets Co. SAOC, Reg. S 5.2% 08/11/2027 USD 7,500,000 7,500,922 1.13 7,500,922 1.13 Saudi Arabia Saudi Arabian Oil Co., Reg. S 3.25% 24/11/2050 USD 2,337,000 1,531,564 0.23 Saudi Arabian Oil Co., Reg. S 5.875% 17/07/2064 USD 5,500,000 5,168,386 0.78 Saudi National Bank (The), Reg. S, FRN 6.15% Perpetual USD 7,750,000 7,653,777 1.15 14,353,727 2.16 Singapore United Overseas Bank Ltd., Reg. S, FRN 3.863% 07/10/2032 USD 9,500,000 9,400,857 1.42 9,400,857 1.42 Thailand Kasikornbank PCL, Reg. S, FRN 3.343% 02/10/2031 USD 7,300,000 7,271,188 1.09 7,271,188 1.09 Turkey Turkiye Government Bond 30% 12/09/2029 TRY 435,000,000 8,401,863 1.26 Turkiye Government Bond 36% 12/08/2026 TRY 110,000,000 2,353,137 0.35 Turkiye Government Bond 32.6% 10/02/2027 TRY 146,000,000 3,065,143 0.46 Turkiye Government Bond 37.84% 14/07/2027 TRY 220,000,000 4,744,885 0.71 Zorlu Enerji Elektrik Uretim AS, Reg. S 11% 23/04/2030 USD 4,800,000 3,650,282 0.55 22,215,310 3.33 Ukraine Ukraine Government International Bond, STEP, Reg. S 4.5% 01/02/2036 USD 2,600,000 1,791,025 0.27
Aviva Investors Société d’investissement à capital variable (SICAV)
gn Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1
Aviva Investors - EMERGING MARKETS CORPORATE BOND FUND Portfolio of Investments and Other Net Assets as at 30 June 2026
The accompanying notes form an integral part of these financial statements. avivainvestors.com | Semi-annual report and unaudited financial statements 15
Aviva Investors Société d’investissement à capital variable (SICAV)
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Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Ukraine Government International Bond, STEP, Reg. S 0% 01/02/2034 USD 3,300,000 1,869,696 0.28 Ukraine Government International Bond, STEP, Reg. S 0% 01/02/2035 USD 3,250,000 1,961,483 0.30 Ukraine Government International Bond, STEP, Reg. S 0% 01/02/2036 USD 3,250,000 1,958,760 0.30 7,580,964 1.15 United Arab Emirates Binghatti Sukuk 2 Spv Ltd., Reg. S 7.75% 02/07/2029 USD 5,600,000 5,256,206 0.79 First Abu Dhabi Bank PJSC, Reg. S, FRN 5.701% 30/12/2036 USD 8,654,000 8,671,132 1.31 NBK Tier 1 Ltd., Reg. S, FRN 6.375% Perpetual USD 4,200,000 4,232,386 0.64 Sobha Sukuk I Holding Ltd., Reg. S 7.996% 19/02/2029 USD 2,000,000 2,001,769 0.30 Sobha Sukuk I Holding Ltd., Reg. S 7.125% 11/09/2030 USD 3,750,000 3,630,655 0.55 23,792,148 3.59 United Kingdom Azule Energy Finance plc, Reg. S 8.625% 22/01/2033 USD 7,550,000 7,569,708 1.14 Azule Energy Finance plc, Reg. S 8.25% 22/01/2031 USD 3,884,000 3,891,809 0.59 Bidvest Group UK plc (The), Reg. S 6.2% 17/09/2032 USD 3,800,000 3,842,514 0.58 Prudential Funding Asia plc, Reg. S, FRN 2.95% 03/11/2033 USD 7,700,000 7,367,804 1.11 Standard Chartered plc, Reg. S, FRN 7% Perpetual USD 8,700,000 8,768,225 1.32 31,440,060 4.74 United States of America Sasol Financing USA LLC 4.375% 18/09/2026 USD 4,000,000 3,992,972 0.60 3,992,972 0.60 Uzbekistan National Bank of Uzbekistan, Reg. S 7.2% 17/07/2030 USD 4,875,000 5,060,240 0.76 5,060,240 0.76 Virgin Islands, British Studio City Finance Ltd., Reg. S 6.5% 15/01/2028 USD 2,000,000 1,999,852 0.30 TSMC Global Ltd., Reg. S 1.375% 28/09/2030 USD 7,500,000 6,599,439 0.99 TSMC Global Ltd., Reg. S 1% 28/09/2027 USD 9,000,000 8,634,209 1.30 17,233,500 2.59 Total Bonds 289,519,097 43.56 Total Transferable securities and money market instruments admitted to an official exchange listing 289,519,097 43.56 Transferable securities and money market instruments dealt in on another regulated market Bonds Argentina Pampa Energia SA, Reg. S 7.75% 14/11/2037 USD 7,377,000 7,558,474 1.14 Vista Energy Argentina SAU, Reg. S 8.5% 10/06/2033 USD 2,250,000 2,402,438 0.36
Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets YPF SA, Reg. S 9.5% 17/01/2031 USD 2,500,000 2,654,800 0.40 YPF SA, Reg. S 8.75% 11/09/2031 USD 5,800,000 6,173,824 0.93 18,789,536 2.83 Bermuda Tengizchevroil Finance Co. International Ltd., Reg. S 4% 15/08/2026 USD 1,500,000 1,498,460 0.23 1,498,460 0.23 Canada First Quantum Minerals Ltd., Reg. S 6.375% 15/02/2036 USD 10,235,000 10,050,660 1.51 10,050,660 1.51 Cayman Islands Banco Mercantil del Norte SA, Reg. S, FRN 8% Perpetual USD 5,169,000 5,180,630 0.78 IHS Holding Ltd., Reg. S 8.25% 29/11/2031 USD 9,500,000 9,944,443 1.50 Kingston Airport Revenue Finance Ltd., Reg. S 6.75% 15/12/2036 USD 5,094,733 5,171,153 0.78 MGM China Holdings Ltd., Reg. S 4.75% 01/02/2027 USD 2,500,000 2,490,705 0.37 MGM China Holdings Ltd., Reg. S 6.25% 15/05/2033 USD 2,444,000 2,389,796 0.36 Montego Bay Airport Revenue Finance Ltd., Reg. S 6.6% 15/06/2035 USD 3,300,000 3,273,254 0.49 Wynn Macau Ltd., Reg. S 5.5% 01/10/2027 USD 5,000,000 4,986,890 0.75 Wynn Macau Ltd., Reg. S 6.75% 15/02/2034 USD 2,250,000 2,236,876 0.34 35,673,747 5.37 Chile Sociedad Quimica y Minera de Chile SA, Reg. S, FRN 5.625% 22/04/2056 USD 7,400,000 7,348,200 1.11 7,348,200 1.11 Colombia Ecopetrol SA 6.875% 29/04/2030 USD 8,000,000 8,150,946 1.23 Grupo Nutresa SA, Reg. S 8% 12/05/2030 USD 2,425,000 2,572,198 0.39 10,723,144 1.62 Dominican Republic Aeropuertos Dominicanos Siglo XXI SA, Reg. S 7% 30/06/2034 USD 5,550,000 5,769,086 0.87 5,769,086 0.87 Hong Kong AIA Group Ltd., Reg. S 5.375% 05/04/2034 USD 5,000,000 5,091,017 0.77 5,091,017 0.77 India IRB Infrastructure Developers Ltd., Reg. S 7.11% 11/03/2032 USD 4,350,000 4,413,427 0.66 4,413,427 0.66 Ireland Aragvi Finance International DAC, Reg. S 12.75% 26/05/2031 USD 4,550,000 3,631,874 0.55 3,631,874 0.55
Aviva Investors Société d’investissement à capital variable (SICAV)
gn Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1
Aviva Investors - EMERGING MARKETS CORPORATE BOND FUND (CONTINUED) Portfolio of Investments and Other Net Assets as at 30 June 2026
The accompanying notes form an integral part of these financial statements. avivainvestors.com | Semi-annual report and unaudited financial statements 16
Aviva Investors Société d’investissement à capital variable (SICAV)
Docusign Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1164700
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Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Israel Bank Hapoalim BM, Reg. S, 144A 4.722% 14/07/2029 USD 6,680,000 6,601,720 0.99 6,601,720 0.99 Jersey Galaxy Pipeline Assets Bidco Ltd., Reg. S 2.16% 31/03/2034 USD 5,938,830 5,290,082 0.80 5,290,082 0.80 Luxembourg Eagle Funding Luxco SARL, Reg. S 5.5% 17/08/2030 USD 6,600,000 6,634,980 1.00 MC Brazil Downstream Trading SARL, Reg. S 7.25% 30/06/2031 USD 2,781,713 2,613,308 0.39 Millicom International Cellular SA, Reg. S 4.5% 27/04/2031 USD 5,100,000 4,763,272 0.72 Raizen Fuels Finance SA, Reg. S 6.45% 05/03/2034 USD 3,700,000 2,046,563 0.31 Raizen Fuels Finance SA, Reg. S 5.7% 17/01/2035 USD 4,300,000 2,378,975 0.36 Rede D'or Finance SARL, Reg. S 4.5% 22/01/2030 USD 3,111,000 2,952,459 0.44 21,389,557 3.22 Mexico BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico, Reg. S, FRN 5.125% 18/01/2033 USD 10,500,000 10,302,075 1.55 CFE Fibra E, Reg. S 5.875% 23/09/2040 USD 7,771,584 7,585,066 1.14 COX Asset Mexico SA de CV, Reg. S 7.75% 08/05/2036 USD 1,622,000 1,660,928 0.25 COX Asset Mexico SA de CV, Reg. S 7.125% 08/01/2032 USD 1,622,000 1,650,385 0.25 Esentia Energy Development SAB de CV, Reg. S 6.5% 30/07/2038 USD 2,843,000 2,795,522 0.42 Esentia Energy Development SAB de CV, Reg. S 6.125% 30/07/2033 USD 2,843,000 2,844,422 0.43 Minera Mexico SA de CV, Reg. S 5.625% 12/02/2032 USD 4,000,000 4,048,400 0.61 Total Play Telecomunicaciones SA de CV, Reg. S 11.125% 31/12/2032 USD 4,050,000 3,932,550 0.59 34,819,348 5.24 Oman Bank Muscat SAOG, Reg. S 4.846% 01/10/2030 USD 7,353,000 7,254,363 1.09 7,254,363 1.09 Panama Generadora de Gatun SA, Reg. S 6.874% 30/09/2044 USD 3,904,000 4,035,042 0.61 4,035,042 0.61 Peru Banco de Credito del Peru S.A., Reg. S, FRN 6.45% 30/07/2035 USD 4,000,000 4,135,580 0.62 Banco de Credito del Peru S.A., Reg. S, FRN 5.65% 15/01/2037 USD 2,000,000 2,012,200 0.30
Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Kallpa Generacion SA, Reg. S 5.5% 11/09/2035 USD 8,200,000 8,180,566 1.23 Niagara Energy SAC, Reg. S 5.746% 03/10/2034 USD 3,150,000 3,159,811 0.47 17,488,157 2.62 Poland ORLEN SA, Reg. S 6% 30/01/2035 USD 4,625,000 4,798,301 0.72 4,798,301 0.72 Serbia Telecommunications Co. Telekom Srbija AD Belgrade, Reg. S 7% 28/10/2029 USD 8,400,000 8,409,434 1.26 8,409,434 1.26 Singapore Medco Cypress Tree Pte Ltd., Reg. S 8.625% 19/05/2030 USD 7,000,000 7,300,862 1.10 Medco Laurel Tree Pte Ltd., Reg. S 6.95% 12/11/2028 USD 3,700,000 3,710,402 0.56 Oversea-Chinese Banking Corp. Ltd., Reg. S, FRN 4.55% 08/09/2035 USD 15,500,000 15,246,345 2.29 26,257,609 3.95 South Korea Kookmin Bank, Reg. S 2.5% 04/11/2030 USD 3,750,000 3,400,030 0.51 Shinhan Bank Co. Ltd., Reg. S 4% 23/04/2029 USD 2,820,000 2,756,306 0.41 Shinhan Bank Co. Ltd., Reg. S 4.5% 26/03/2028 USD 3,100,000 3,085,143 0.46 9,241,479 1.38 Thailand Bangkok Bank PCL, Reg. S 5.65% 05/07/2034 USD 8,500,000 8,744,394 1.32 Thaioil Treasury Center Co. Ltd., Reg. S, FRN 6.1% Perpetual USD 10,000,000 9,811,170 1.48 18,555,564 2.80 Turkey Aydem Yenilenebilir Enerji AS, Reg. S 9.875% 30/09/2030 USD 2,000,000 1,989,818 0.30 Limak Yenilenebilir Enerji AS, Reg. S 9.625% 12/08/2030 USD 2,000,000 2,003,719 0.30 Turkiye Is Bankasi AS, Reg. S, FRN 7.375% 02/04/2036 USD 3,750,000 3,688,021 0.55 Turkiye Is Bankasi AS, Reg. S, FRN 7.575% 05/02/2037 USD 2,950,000 2,905,573 0.44 10,587,131 1.59 United Arab Emirates Axian Telecom Holding & Management plc, Reg. S 7.25% 11/07/2030 USD 6,100,000 6,166,554 0.93 6,166,554 0.93 United Kingdom Liquid Telecommunications Financing plc, Reg. S 10.75% 14/04/2031 USD 5,000,000 5,179,848 0.78 Sibanye-Stillwater UK Financing plc, Reg. S 6.25% 15/11/2031 USD 2,708,000 2,681,120 0.40 7,860,968 1.18 United States of America Kosmos Energy Ltd., Reg. S 8.75% 01/10/2031 USD 7,300,000 5,975,232 0.90 5,975,232 0.90
Aviva Investors Société d’investissement à capital variable (SICAV)
gn Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1
Aviva Investors - EMERGING MARKETS CORPORATE BOND FUND (CONTINUED) Portfolio of Investments and Other Net Assets as at 30 June 2026
The accompanying notes form an integral part of these financial statements. avivainvestors.com | Semi-annual report and unaudited financial statements 17
Aviva Investors Société d’investissement à capital variable (SICAV)
Docusign Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1164700
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Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Uzbekistan Ipoteka-Bank ATIB, Reg. S 6.45% 09/10/2030 USD 7,000,000 7,038,468 1.06 7,038,468 1.06 Total Bonds 304,758,160 45.86 Total Transferable securities and money market instruments dealt in on another regulated market 304,758,160 45.86 Other transferable securities and money market instruments Bonds Russia Sberbank PJSC 5.125% 02/10/2023 § USD 5,300,000 - -Total Bonds - Total Other transferable securities and money market instruments - Units of authorised UCITS or other collective investment undertakings Collective Investment Schemes Ireland Aviva Investors Liquidity Funds plc - USD Liquity Fund † USD 50,722,001 50,716,929 7.63 50,716,929 7.63
Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Luxembourg Aviva Investors - ReturnPlus Fund † USD 3,500 3,640,968 0.55 3,640,968 0.55 Total Collective Investment Schemes 54,357,897 8.18 Total Units of authorised UCITS or other collective investment undertakings 54,357,897 8.18 Total investments 648,635,154 97.60 Cash/(bank overdraft) 6,647,434 1.00 Other assets/(liabilities) 9,318,729 1.40 Total net assets 664,601,317 100.00 § Security is valued at its fair value under the direction of the Board of Directors. † Related Party Fund
Forward Currency Exchange Contracts
Currency Purchased Amount Purchased Currency Sold Amount Sold Maturity Date Counterparty
Unrealised Gain/ (Loss) USD % of Net Assets EUR 17,633,278 USD 20,039,331 04/08/2026 BNY Mellon 150,263 0.02 GBP 106,625,751 USD 140,478,040 04/08/2026 BNY Mellon 1,037,871 0.16 KZT 3,400,000,000 USD 6,766,842 16/09/2026 Standard Chartered Bank 158,732 0.02 USD 21 EUR 18 13/07/2026 BNY Mellon - USD 21 EUR 18 20/07/2026 BNY Mellon - ZAR 92,478,528 USD 5,542,544 16/09/2026 Goldman Sachs 64,350 0.01 Total Unrealised Gain on Forward Currency Exchange Contracts - Assets 1,411,216 0.21 EUR 17,633,297 USD 20,563,489 13/07/2026 BNY Mellon (392,535) (0.06) EUR 17,633,296 USD 20,420,564 20/07/2026 BNY Mellon (243,645) (0.04) EUR 17,633,278 USD 20,490,505 27/07/2026 BNY Mellon (307,639) (0.05) GBP 106,625,751 USD 143,613,094 13/07/2026 BNY Mellon (2,095,666) (0.31) GBP 106,625,751 USD 142,748,102 20/07/2026 BNY Mellon (1,231,296) (0.19) GBP 106,625,751 USD 143,054,544 27/07/2026 BNY Mellon (1,538,361) (0.23) USD 4,635,802 ZAR 76,500,000 16/09/2026 Merrill Lynch (2,327) ZAR 22,750,000 USD 1,395,784 16/09/2026 Citigroup (16,471) ZAR 22,750,000 USD 1,398,386 16/09/2026 Royal Bank of Canada (19,073) Total Unrealised Loss on Forward Currency Exchange Contracts - Liabilities (5,847,013) (0.88) Net Unrealised Loss on Forward Currency Exchange Contracts - Liabilities (4,435,797) (0.67)
Financial Futures Contracts
Security Description Number of Contracts Currency Unrealised Gain/(Loss) USD % of Net Assets US 10 Year Ultra Bond, 21/09/2026 150 USD 49,218 0.01 Total Unrealised Gain on Financial Futures Contracts - Assets 49,218 0.01
Aviva Investors Société d’investissement à capital variable (SICAV)
gn Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1
Aviva Investors - EMERGING MARKETS CORPORATE BOND FUND (CONTINUED) Portfolio of Investments and Other Net Assets as at 30 June 2026
The accompanying notes form an integral part of these financial statements. avivainvestors.com | Semi-annual report and unaudited financial statements 18
Aviva Investors Société d’investissement à capital variable (SICAV)
Docusign Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1164700
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Credit Default Swap Contracts
Nominal Amount Currency Counterparty Reference Entity Buy/Sell
Interest (Paid)/ Received Rate Maturity Date Market Value USD % of Net Assets (30,000,000) USD Goldman Sachs CDX.EM.45.V1 Buy 1.000% 20/06/2031 529,885 0.08
(10,000,000) USD Barclays Turkey Government Bond 11.88% 20/06/2031 Buy 1.000% 20/06/2031 514,907 0.08
(10,000,000) USD Goldman Sachs Turkey Government Bond 11.88% 20/06/2031 Buy 1.000% 20/06/2031 514,907 0.08 Total Market Value on Credit Default Swap Contracts - Assets 1,559,699 0.24
Interest Rate Swap Contracts
Nominal Amount Currency Counterparty Security Description Maturity Date Market Value USD % of Net Assets 165,000,000 BRL Barclays Pay floating BROIS 1 day Receive fixed 14.245% 02/01/2029 162,274 0.02 Total Market Value on Interest Rate Swap Contracts - Assets 162,274 0.02 545,000,000 ZAR Barclays Pay floating JIBAR 3 month Receive fixed 7.405% 16/09/2031 (14,272) Total Market Value on Interest Rate Swap Contracts - Liabilities (14,272) Net Market Value on Interest Rate Swap Contracts - Assets 148,002 0.02
Aviva Investors Société d’investissement à capital variable (SICAV)
gn Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1
Aviva Investors - EMERGING MARKETS CORPORATE BOND FUND (CONTINUED) Portfolio of Investments and Other Net Assets as at 30 June 2026
The accompanying notes form an integral part of these financial statements. avivainvestors.com | Semi-annual report and unaudited financial statements 19
Aviva Investors Société d’investissement à capital variable (SICAV)
Docusign Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1164700
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Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Transferable securities and money market instruments admitted to an official exchange listing Bonds Argentina Argentine Republic Government International Bond, FRN 0% 15/12/2035 USD 7,500,000 436,875 0.03 Bono Del Tesoro Nacional Capitalizable en Pesos 2.55% 30/04/2027 ARS 2,620,000,000 2,295,904 0.16 Bono Del Tesoro Nacional Capitalizable en Pesos 2.05% 15/01/2027 ARS 3,521,008,403 3,328,131 0.23 6,060,910 0.42 Brazil Brazil Letras do Tesouro Nacional 0% 01/07/2027 BRL 116,443,000 19,796,869 1.34 Brazil Notas do Tesouro Nacional Serie F 10% 01/01/2031 BRL 265,000,000 44,543,477 3.03 Brazil Notas do Tesouro Nacional Serie F 10% 01/01/2033 BRL 40,000,000 6,420,884 0.44 Brazil Notas do Tesouro Nacional Serie F 10% 01/01/2029 BRL 80,000,000 14,259,916 0.97 Brazil Notas do Tesouro Nacional Serie F 10% 01/01/2035 BRL 250,000,000 38,817,561 2.64 123,838,707 8.42 Chile Bonos de la Tesoreria de la Republica en pesos 5% 01/03/2035 CLP 6,600,000,000 6,984,031 0.47 Bonos de la Tesoreria de la Republica en pesos 6% 01/01/2043 CLP 2,000,000,000 2,278,977 0.15 Bonos de la Tesoreria de la Republica en pesos, Reg. S, 144A 4.7% 01/09/2030 CLP 3,630,000,000 3,886,353 0.26 Bonos de la Tesoreria de la Republica en pesos, Reg. S, 144A 7% 01/05/2034 CLP 5,305,000,000 6,342,580 0.43 19,491,941 1.31 China China Government Bond 3.27% 19/11/2030 CNY 41,300,000 6,615,582 0.45 China Government Bond 2.8% 15/11/2032 CNY 85,000,000 13,528,801 0.92 China Government Bond 2.44% 15/10/2027 CNY 91,810,000 13,743,170 0.93 China Government Bond 2.52% 25/08/2033 CNY 86,900,000 13,659,904 0.93 China Government Bond 2.57% 20/05/2054 CNY 110,000,000 17,316,688 1.18 China Government Bond 2.27% 25/05/2034 CNY 23,000,000 3,561,377 0.24 China Government Bond 2.49% 25/05/2044 CNY 30,000,000 4,665,973 0.32 China Government Bond 1.83% 25/08/2035 CNY 55,000,000 8,187,303 0.56 81,278,798 5.53 Colombia Colombian TES 7.25% 18/10/2034 COP 42,000,000,000 9,256,040 0.63
Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Colombian TES 6% 28/04/2028 COP 25,000,000,000 6,515,015 0.44 Colombian TES 7.25% 26/10/2050 COP 30,000,000,000 5,575,704 0.38 Colombian TES 7% 26/03/2031 COP 15,000,000,000 3,580,667 0.24 Colombian TES 9.25% 28/05/2042 COP 44,244,300,000 10,467,535 0.71 Colombian TES 13.25% 09/02/2033 COP 42,371,800,000 12,966,574 0.88 Colombian TES 11.5% 25/07/2046 COP 6,572,700,000 1,848,605 0.13 Colombian TES 11% 22/08/2029 COP 39,676,200,000 11,141,290 0.76 61,351,430 4.17 Czech Republic Czech Republic Government Bond 2% 13/10/2033 CZK 420,000,000 16,881,444 1.15 Czech Republic Government Bond 3% 03/03/2033 CZK 80,000,000 3,489,782 0.24 Czech Republic Government Bond 1.95% 30/07/2037 CZK 80,000,000 2,900,692 0.20 Czech Republic Government Bond 5.75% 29/03/2029 CZK 191,000,000 9,408,282 0.64 Czech Republic Government Bond 6.2% 16/06/2031 CZK 269,000,000 13,858,807 0.94 Czech Republic Government Bond, Reg. S 4.85% 26/11/2057 CZK 63,000,000 2,760,986 0.19 49,299,993 3.36 Dominican Republic Dominican Republic International Bond, Reg. S 11.25% 15/09/2035 DOP 108,300,000 2,015,750 0.14 2,015,750 0.14 Egypt Egypt Government Bond 25.318% 13/08/2027 EGP 670,000,000 13,625,423 0.93 Egypt Government Bond 22.695% 02/12/2027 EGP 218,684,000 4,389,168 0.30 Egypt Treasury Bills 0% 15/09/2026 EGP 290,000,000 5,658,091 0.38 23,672,682 1.61 Hungary Hungary Government Bond 6.75% 22/10/2028 HUF 2,880,990,000 9,599,760 0.65 Hungary Government Bond 3.25% 22/10/2031 HUF 2,300,000,000 6,796,558 0.46 Hungary Government Bond 3% 27/10/2027 HUF 1,599,480,000 5,009,701 0.34 Hungary Government Bond 2.25% 22/06/2034 HUF 6,180,680,000 16,265,816 1.10 37,671,835 2.55 India India Government Bond 7.18% 14/08/2033 INR 1,255,620,000 13,641,755 0.93 India Government Bond 7.3% 19/06/2053 INR 1,600,000,000 16,943,261 1.15 India Government Bond 7.18% 24/07/2037 INR 1,100,000,000 11,943,503 0.81 India Government Bond 7.1% 18/04/2029 INR 1,683,020,000 18,214,844 1.24 India Government Bond 6.79% 07/10/2034 INR 1,186,310,000 12,571,796 0.85
Aviva Investors Société d’investissement à capital variable (SICAV)
gn Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1
Aviva Investors - EMERGING MARKETS LOCAL CURRENCY BOND FUND Portfolio of Investments and Other Net Assets as at 30 June 2026
The accompanying notes form an integral part of these financial statements. avivainvestors.com | Semi-annual report and unaudited financial statements 20
Aviva Investors Société d’investissement à capital variable (SICAV)
Docusign Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1164700
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Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets India Government Bond 7.02% 18/06/2031 INR 140,000,000 1,512,094 0.10 India Government Bond 7.32% 13/11/2030 INR 800,000,000 8,633,158 0.59 India Government Bond 6.67% 17/12/2050 INR 600,000,000 5,821,642 0.39 India Government Bond 6.1% 12/07/2031 INR 300,000,000 3,058,314 0.21 India Government Bond 6.33% 05/05/2035 INR 1,000,000,000 10,201,372 0.69 India Government Bond 6.79% 30/12/2031 INR 1,070,000,000 11,460,855 0.78 114,002,594 7.74 Indonesia Indonesia Treasury Bond 7.5% 15/06/2035 IDR 250,000,000,000 14,157,493 0.96 Indonesia Treasury Bond 6.125% 15/05/2028 IDR 97,411,000,000 5,337,343 0.36 Indonesia Treasury Bond 8.375% 15/03/2034 IDR 50,000,000,000 2,991,495 0.20 Indonesia Treasury Bond 7.5% 15/04/2040 IDR 110,000,000,000 6,239,316 0.42 Indonesia Treasury Bond 6.5% 15/02/2031 IDR 225,000,000,000 12,228,375 0.83 Indonesia Treasury Bond 7.125% 15/06/2042 IDR 225,000,000,000 12,353,842 0.84 Indonesia Treasury Bond 8.25% 15/05/2036 IDR 100,000,000,000 5,994,942 0.41 Indonesia Treasury Bond 7% 15/02/2033 IDR 432,000,000,000 23,795,786 1.62 Indonesia Treasury Bond 6.875% 15/04/2029 IDR 118,037,000,000 6,547,105 0.44 Indonesia Treasury Bond 6.625% 15/02/2034 IDR 50,000,000,000 2,684,615 0.18 Indonesia Treasury Bond 7.125% 15/06/2043 IDR 120,000,000,000 6,594,948 0.45 Indonesia Treasury Bond 5.875% 15/03/2031 IDR 250,000,000,000 13,328,370 0.90 112,253,630 7.61 Malaysia Malaysia Government Bond 3.885% 15/08/2029 MYR 77,000,000 19,224,867 1.31 Malaysia Government Bond 4.893% 08/06/2038 MYR 66,587,000 17,967,734 1.22 Malaysia Government Bond 3.828% 05/07/2034 MYR 70,184,000 17,484,112 1.19 Malaysia Government Bond 2.632% 15/04/2031 MYR 38,000,000 9,016,562 0.61 Malaysia Government Bond 4.762% 07/04/2037 MYR 33,000,000 8,822,771 0.60 Malaysia Government Bond 4.065% 15/06/2050 MYR 25,000,000 6,166,667 0.42 Malaysia Government Bond 4.457% 31/03/2053 MYR 20,000,000 5,224,357 0.35 Malaysia Government Bond 4.18% 16/05/2044 MYR 23,000,000 5,813,958 0.39 Malaysia Government Bond 4.054% 18/04/2039 MYR 70,000,000 17,556,735 1.19 Malaysia Government Investment Issue 4.245% 30/09/2030 MYR 50,000,000 12,683,057 0.86 Malaysia Government Investment Issue 4.07% 30/09/2026 MYR 30,000,000 7,377,218 0.50 127,338,038 8.64
Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Mexico Mexican Bonos 8.5% 18/11/2038 MXN 263,000,000 14,154,412 0.96 Mexican Bonos 8.5% 31/05/2029 MXN 120,000,000 6,961,061 0.47 Mexican Bonos 7.75% 29/05/2031 MXN 220,000,000 12,240,119 0.83 Mexican Bonos 7.75% 13/11/2042 MXN 500,000,000 24,469,708 1.66 Mexican Bonos 8% 31/07/2053 MXN 1,187,500,000 57,738,780 3.92 Mexican Bonos 8.5% 01/03/2029 MXN 410,000,000 23,806,429 1.62 139,370,509 9.46 Nigeria Nigeria OMO Bill 0% 08/09/2026 NGN 2,000,000,000 1,403,294 0.09 1,403,294 0.09 Peru Peru Government Bond 5.94% 12/02/2029 PEN 8,086,000 2,494,944 0.17 Peru Government Bond 5.4% 12/08/2034 PEN 55,000,000 15,752,643 1.07 Peruvian Government International Bond, Reg. S 6.9% 12/08/2037 PEN 18,000,000 5,402,034 0.37 Peruvian Government International Bond, Reg. S 5.4% 12/08/2034 PEN 16,000,000 4,582,587 0.31 28,232,208 1.92 Poland Republic of Poland Government Bond 2.75% 25/10/2029 PLN 56,000,000 14,222,744 0.97 Republic of Poland Government Bond 1.25% 25/10/2030 PLN 147,970,000 34,454,990 2.34 Republic of Poland Government Bond 6% 25/10/2033 PLN 40,000,000 11,307,154 0.77 Republic of Poland Government Bond 5% 25/10/2034 PLN 40,000,000 10,582,519 0.72 Republic of Poland Government Bond 5% 25/10/2035 PLN 113,500,000 29,760,189 2.02 100,327,596 6.82 Romania Romania Government Bond 4.15% 26/01/2028 RON 70,000,000 14,836,702 1.01 Romania Government Bond 4.15% 24/10/2030 RON 92,000,000 18,342,469 1.25 Romania Government Bond 4.85% 25/07/2029 RON 61,315,000 12,811,348 0.87 Romania Government Bond 6.7% 25/02/2032 RON 40,000,000 8,776,673 0.60 54,767,192 3.73 Serbia Serbia Treasury Bonds 4.5% 20/08/2032 RSD 400,000,000 3,745,061 0.25 3,745,061 0.25 South Africa Republic of South Africa Government Bond 8.75% 28/02/2048 ZAR 195,000,000 11,699,783 0.79
Aviva Investors Société d’investissement à capital variable (SICAV)
gn Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1
Aviva Investors - EMERGING MARKETS LOCAL CURRENCY BOND FUND (CONTINUED) Portfolio of Investments and Other Net Assets as at 30 June 2026
The accompanying notes form an integral part of these financial statements. avivainvestors.com | Semi-annual report and unaudited financial statements 21
Aviva Investors Société d’investissement à capital variable (SICAV)
Docusign Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1164700
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Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Republic of South Africa Government Bond 8.25% 31/03/2032 ZAR 630,000,000 38,873,418 2.64 Republic of South Africa Government Bond 8.75% 31/01/2044 ZAR 505,000,000 30,238,921 2.05 Republic of South Africa Government Bond 9% 31/01/2040 ZAR 110,000,000 6,788,329 0.46 Republic of South Africa Government Bond 11.625% 31/03/2053 ZAR 150,000,000 11,721,822 0.80 99,322,273 6.74 Thailand Thailand Government Bond 1.585% 17/12/2035 THB 250,000,000 7,238,361 0.49 Thailand Government Bond 2% 17/06/2042 THB 360,000,000 9,818,612 0.67 Thailand Government Bond 2.875% 17/06/2046 THB 90,000,000 2,668,959 0.18 Thailand Government Bond 3.35% 17/06/2033 THB 245,000,000 8,114,191 0.55 Thailand Government Bond 1.6% 17/12/2029 THB 227,255,000 6,888,946 0.47 Thailand Government Bond 2% 17/12/2031 THB 400,000,000 12,269,072 0.83 Thailand Government Bond 3.45% 17/06/2043 THB 170,000,000 5,506,240 0.37 Thailand Government Bond 2.4% 17/03/2029 THB 319,882,000 9,913,552 0.67 Thailand Government Bond 2.8% 17/06/2034 THB 100,000,000 3,206,457 0.22 Thailand Government Bond 2.41% 17/03/2035 THB 290,000,000 9,034,633 0.61 Thailand Government Bond 2.98% 17/06/2045 THB 150,000,000 4,531,360 0.31 79,190,383 5.37 Turkey Turkiye Government Bond 12.4% 08/03/2028 TRY 10,000,000 153,144 0.01 Turkiye Government Bond 17.3% 19/07/2028 TRY 332,000,000 5,323,894 0.36 Turkiye Government Bond 10.5% 11/08/2027 TRY 310,000,000 5,144,795 0.35 Turkiye Government Bond 17.8% 13/07/2033 TRY 174,187,000 2,300,630 0.16 Turkiye Government Bond 30% 12/09/2029 TRY 1,250,000,000 24,143,283 1.64 Turkiye Government Bond 36% 12/08/2026 TRY 245,000,000 5,241,079 0.36 Turkiye Government Bond 32.6% 10/02/2027 TRY 92,000,000 1,931,460 0.13 Turkiye Government Bond 37.84% 14/07/2027 TRY 1,200,000,000 25,881,193 1.76 70,119,478 4.77
Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Ukraine Ukraine Government International Bond, STEP, Reg. S 0% 01/02/2034 USD 14,000,000 7,932,044 0.54 Ukraine Government International Bond, STEP, Reg. S 0% 01/02/2035 USD 8,000,000 4,828,266 0.33 Ukraine Government International Bond, STEP, Reg. S 4.5% 01/02/2035 USD 4,000,000 2,778,709 0.19 15,539,019 1.06 Uruguay Uruguay Government International Bond 9.75% 20/07/2033 UYU 131,776,543 3,657,418 0.25 3,657,418 0.25 Total Bonds 1,353,950,739 91.96 Total Transferable securities and money market instruments admitted to an official exchange listing 1,353,950,739 91.96 Transferable securities and money market instruments dealt in on another regulated market Commercial Papers Egypt Egypt Treasury Bills EGP 294,000,000 5,948,418 0.40 5,948,418 0.40 Total Commercial Papers 5,948,418 0.40 Total Transferable securities and money market instruments dealt in on another regulated market 5,948,418 0.40 Units of authorised UCITS or other collective investment undertakings Collective Investment Schemes Ireland Aviva Investors Liquidity Funds plc - Euro Liquidity Fund † EUR 67,342 8,248,680 0.56 Aviva Investors Liquidity Funds plc - Sterling Liquidity Fund † GBP 500,000 663,625 0.05 Aviva Investors Liquidity Funds plc - USD Liquity Fund † USD 14,000,000 13,998,600 0.95 22,910,905 1.56 Total Collective Investment Schemes 22,910,905 1.56 Total Units of authorised UCITS or other collective investment undertakings 22,910,905 1.56 Total investments 1,382,810,062 93.92 Cash/(bank overdraft) 46,070,843 3.13 Other assets/(liabilities) 43,401,608 2.95 Total net assets 1,472,282,513 100.00 † Related Party Fund
Forward Currency Exchange Contracts
Currency Purchased Amount Purchased Currency Sold Amount Sold Maturity Date Counterparty
Unrealised Gain/ (Loss) USD % of Net Assets BRL 25,000,000 USD 4,712,473 16/09/2026 Barclays 28,547 COP 8,648,000,000 USD 2,425,744 16/09/2026 Citigroup 37,887 COP 4,107,048,192 USD 1,122,285 16/09/2026 Deutsche Bank 47,725 EUR 64,006,066 USD 72,841,463 16/09/2026 Standard Chartered Bank 574,378 0.04 INR 332,000,000 USD 3,463,240 16/09/2026 Barclays 19,982 INR 2,825,378,274 USD 29,435,286 16/09/2026 HSBC 207,540 0.02
Aviva Investors Société d’investissement à capital variable (SICAV)
gn Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1
Aviva Investors - EMERGING MARKETS LOCAL CURRENCY BOND FUND (CONTINUED) Portfolio of Investments and Other Net Assets as at 30 June 2026
The accompanying notes form an integral part of these financial statements. avivainvestors.com | Semi-annual report and unaudited financial statements 22
Aviva Investors Société d’investissement à capital variable (SICAV)
Docusign Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1164700
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Forward Currency Exchange Contracts (continued)
Currency Purchased Amount Purchased Currency Sold Amount Sold Maturity Date Counterparty
Unrealised Gain/ (Loss) USD % of Net Assets KZT 7,500,000,000 USD 14,847,224 16/09/2026 Deutsche Bank 429,778 0.03 USD 24,288,979 EUR 20,932,619 16/09/2026 J.P. Morgan 278,975 0.02 USD 3,135,819 HUF 968,385,000 16/09/2026 Morgan Stanley 34,202 USD 438,604 PEN 1,500,000 16/09/2026 Morgan Stanley 84 USD 10,558,415 PLN 38,584,315 16/09/2026 HSBC 294,008 0.02 USD 12,484,230 RON 56,864,986 16/09/2026 Citigroup 127,058 0.01 ZAR 410,153,232 USD 24,764,156 16/09/2026 Goldman Sachs 103,081 0.01 Total Unrealised Gain on Forward Currency Exchange Contracts - Assets 2,183,245 0.15 CLP 657,000,000 USD 730,028 16/09/2026 Citigroup (17,008) CLP 4,298,610,501 USD 4,686,774 16/09/2026 HSBC (21,634) CNH 425,114,253 USD 63,112,378 16/09/2026 HSBC (140,952) (0.01) CZK 374,605,413 USD 17,919,906 16/09/2026 NatWest (258,834) (0.02) CZK 9,100,000 USD 436,265 16/09/2026 Standard Chartered Bank (7,238) DOP 102,540,890 USD 1,727,444 16/09/2026 Citigroup (30,281) HUF 380,419,449 USD 1,231,872 16/09/2026 Morgan Stanley (13,436) IDR 36,500,000,000 USD 2,041,960 16/09/2026 Citigroup (19,026) IDR 229,444,525,949 USD 12,777,442 16/09/2026 Deutsche Bank (60,973) (0.01) MXN 260,000,000 USD 15,017,877 15/09/2026 Merrill Lynch (232,296) (0.02) MYR 32,313,699 USD 7,961,000 15/09/2026 HSBC (39,811) PLN 3,200,000 USD 872,327 16/09/2026 Merrill Lynch (21,046) PLN 117,017,143 USD 31,843,435 16/09/2026 Morgan Stanley (713,903) (0.05) THB 1,168,086,153 USD 35,658,260 16/09/2026 HSBC (269,931) (0.02) USD 26,850,019 EUR 23,500,000 16/09/2026 UBS (104,806) (0.01) USD 1,059,462 UYU 43,400,872 16/09/2026 Goldman Sachs (17,144) USD 17,452,430 ZAR 288,000,000 16/09/2026 Merrill Lynch (8,762) ZAR 60,000,000 USD 3,681,189 16/09/2026 Citigroup (43,440) ZAR 120,000,000 USD 7,315,289 16/09/2026 Deutsche Bank (39,792) ZAR 60,000,000 USD 3,688,050 16/09/2026 Royal Bank of Canada (50,302) Total Unrealised Loss on Forward Currency Exchange Contracts - Liabilities (2,110,615) (0.14) Net Unrealised Gain on Forward Currency Exchange Contracts - Assets 72,630 0.01
Financial Futures Contracts
Security Description Number of Contracts Currency
Unrealised Gain/(Loss) USD % of Net Assets US 10 Year Ultra Bond, 21/09/2026 (202) USD 50,500 Total Unrealised Gain on Financial Futures Contracts - Assets 50,500 -
Credit Default Swap Contracts
Nominal Amount Currency Counterparty Reference Entity Buy/Sell
Interest (Paid)/ Received Rate Maturity Date Market Value USD % of Net Assets
(25,000,000) USD Citigroup Brazil Government Bond 3.75% 20/06/2031 Buy 1.000% 20/06/2031 278,912 0.02 (50,000,000) USD Barclays CDX.EM.45.V1 Buy 1.000% 20/06/2031 883,142 0.06 (5,000,000) USD Citigroup CDX.EM.45.V1 Buy 1.000% 20/06/2031 88,314 0.01 (25,000,000) USD Citigroup CDX.EM.45.V1 Buy 1.000% 20/06/2031 441,571 0.03
(17,500,000) USD Barclays Turkey Government Bond 11.88% 20/06/2031 Buy 1.000% 20/06/2031 901,087 0.06
(22,500,000) USD BNP Paribas Turkey Government Bond 11.88% 20/06/2031 Buy 1.000% 20/06/2031 1,158,541 0.08
(10,000,000) USD BNP Paribas Turkey Government Bond 11.88% 20/06/2031 Buy 1.000% 20/06/2031 514,907 0.04
(10,000,000) USD Goldman Sachs Turkey Government Bond 11.88% 20/06/2031 Buy 1.000% 20/06/2031 514,907 0.04 Total Market Value on Credit Default Swap Contracts - Assets 4,781,381 0.34
Aviva Investors Société d’investissement à capital variable (SICAV)
gn Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1
Aviva Investors - EMERGING MARKETS LOCAL CURRENCY BOND FUND (CONTINUED) Portfolio of Investments and Other Net Assets as at 30 June 2026
The accompanying notes form an integral part of these financial statements. avivainvestors.com | Semi-annual report and unaudited financial statements 23
Aviva Investors Société d’investissement à capital variable (SICAV)
Docusign Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1164700
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Interest Rate Swap Contracts
Nominal Amount Currency Counterparty Security Description Maturity Date Market Value USD % of Net Assets
850,000,000 THB Barclays Pay floating THB-THOR-OIS Compound 1 day Receive fixed 1.27% 17/06/2028 12,761 150,000,000 CNY Barclays Pay floating CNY CNRR 3 month Receive fixed 1.5% 17/06/2028 40,680 345,000,000 CZK Barclays Pay floating PRIBOR 6 month Receive fixed 4.2% 16/09/2031 53,488 215,000,000 CNY Barclays Pay floating CNY CNRR 3 month Receive fixed 1.6% 17/06/2031 212,848 0.01 2,500,000,000 INR Barclays Pay floating MIBOR 1 day Receive fixed 6.35% 17/06/2031 219,100 0.01 (35,974,112) BRL Barclays Pay fixed 13.39% Receive floating BROIS 1 day 02/01/2031 230,245 0.02 Total Market Value on Interest Rate Swap Contracts - Assets 769,122 0.04 151,552,652 BRL Barclays Pay floating BROIS 1 day Receive fixed 13.22% 02/01/2029 (600,127) (0.04) 151,146,821 BRL Barclays Pay floating BROIS 1 day Receive fixed 13.235% 02/01/2029 (587,776) (0.04) 89,991,402 BRL Barclays Pay floating BROIS 1 day Receive fixed 13.2% 03/01/2028 (321,453) (0.02) 1,200,000,000 ZAR Barclays Pay floating JIBAR 3 month Receive fixed 7.405% 16/09/2031 (31,425) (0.01) Total Market Value on Interest Rate Swap Contracts - Liabilities (1,540,781) (0.11) Net Market Value on Interest Rate Swap Contracts - Liabilities (771,659) (0.07)
Aviva Investors Société d’investissement à capital variable (SICAV)
gn Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1
Aviva Investors - EMERGING MARKETS LOCAL CURRENCY BOND FUND (CONTINUED) Portfolio of Investments and Other Net Assets as at 30 June 2026
The accompanying notes form an integral part of these financial statements. avivainvestors.com | Semi-annual report and unaudited financial statements 24
Aviva Investors Société d’investissement à capital variable (SICAV)
Docusign Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1164700
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Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Transferable securities and money market instruments admitted to an official exchange listing Bonds Australia Australia & New Zealand Banking Group Ltd., Reg. S, FRN 4.145% 14/05/2038 EUR 3,300,000 3,808,367 0.68 3,808,367 0.68 Belgium Elia Group SA, Reg. S 3.875% 11/06/2031 EUR 7,000,000 8,138,514 1.46 Elia Group SA, Reg. S, FRN 4.625% Perpetual EUR 1,400,000 1,615,136 0.29 9,753,650 1.75 Canada Nutrien Ltd. 5.35% 29/05/2036 USD 1,236,000 1,233,837 0.22 1,233,837 0.22 France AXA SA, Reg. S, FRN 5.125% Perpetual EUR 5,014,000 5,753,713 1.03 AXA SA, Reg. S, FRN 4.375% 29/05/2056 EUR 2,148,000 2,479,502 0.44 BNP Paribas SA, Reg. S, FRN 1.125% 15/01/2032 EUR 6,400,000 7,236,733 1.30 BNP Paribas SA, Reg. S, FRN 5.125% Perpetual USD 5,300,000 5,265,897 0.94 Credit Agricole Assurances SA, Reg. S, FRN 5.875% Perpetual EUR 1,300,000 1,512,118 0.27 Electricite de France SA, Reg. S, FRN 5.875% Perpetual GBP 4,000,000 5,314,402 0.95 Electricite de France SA, Reg. S, FRN 2.875% Perpetual EUR 5,400,000 6,149,606 1.10 Nexans SA, Reg. S 4.25% 11/03/2030 EUR 1,700,000 1,985,945 0.36 SNF Group SACA, 144A 5.626% 31/03/2031 USD 1,892,000 1,914,554 0.34 SPIE SA, Reg. S 3.875% 18/05/2031 EUR 2,200,000 2,507,669 0.45 40,120,139 7.18 Germany Deutsche Bank AG, Reg. S, FRN 5% 26/02/2029 GBP 3,400,000 4,525,614 0.81 Volkswagen Bank GmbH, Reg. S 3.75% 10/12/2032 EUR 5,700,000 6,439,872 1.16 10,965,486 1.97 Hong Kong AIA Group Ltd., Reg. S, FRN 0.88% 09/09/2033 EUR 5,500,000 5,987,755 1.07 5,987,755 1.07 Ireland Smurfit Westrock Financing DAC 5.185% 15/01/2036 USD 4,286,000 4,243,435 0.76 4,243,435 0.76 Italy Enel SpA, Reg. S 3.875% 26/05/2033 EUR 3,701,000 4,294,487 0.77 Enel SpA, Reg. S, FRN 6.375% Perpetual EUR 2,188,000 2,620,014 0.47 Enel SpA, Reg. S, FRN 4.25% Perpetual EUR 1,508,000 1,738,769 0.31 Intesa Sanpaolo Assicurazioni SpA, Reg. S 4.487% 18/05/2036 EUR 1,800,000 2,092,336 0.38
Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets UniCredit SpA, Reg. S, FRN 5.305% 31/07/2032 GBP 6,600,000 8,775,092 1.57 Webuild SpA, Reg. S 4.5% 08/05/2032 EUR 4,992,000 5,724,102 1.03 25,244,800 4.53 Japan Mitsubishi UFJ Financial Group, Inc., Reg. S, FRN 3.856% 22/04/2034 EUR 820,000 947,688 0.17 Sumitomo Mitsui Financial Group, Inc., Reg. S, FRN 3.961% 02/04/2034 EUR 1,789,000 2,081,394 0.37 3,029,082 0.54 Luxembourg Aroundtown SA 6% 06/02/2031 AUD 3,700,000 2,520,988 0.45 CPI Property Group SA, Reg. S 6.875% 05/02/2033 GBP 2,363,000 2,927,549 0.53 5,448,537 0.98 Mexico BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico, Reg. S 5.4% 03/06/2031 USD 2,835,000 2,873,981 0.52 2,873,981 0.52 Netherlands Adecco International Financial Services BV, Reg. S, FRN 1% 21/03/2082 EUR 6,800,000 7,645,560 1.37 GXO Logistics Capital BV 3.75% 24/11/2030 EUR 3,380,000 3,855,995 0.69 Stellantis NV, Reg. S, FRN 6.875% Perpetual EUR 1,300,000 1,451,821 0.26 Stellantis NV, Reg. S, FRN 6.25% Perpetual EUR 1,503,000 1,686,199 0.30 14,639,575 2.62 Singapore Pfizer Investment Enterprises Pte Ltd. 5.3% 19/05/2053 USD 2,571,000 2,423,756 0.43 2,423,756 0.43 Spain Banco Santander SA 5.127% 06/11/2035 USD 2,600,000 2,550,084 0.46 Banco Santander SA 4.867% 15/04/2031 USD 2,400,000 2,387,003 0.43 Banco Santander SA, Reg. S, FRN 2.25% 04/10/2032 GBP 5,600,000 7,226,761 1.30 Cellnex Finance Co. SA, Reg. S 2% 15/02/2033 EUR 4,600,000 4,735,220 0.85 16,899,068 3.04 United Arab Emirates Abu Dhabi Future Energy Co. PJSC Masdar, Reg. S 4.875% 21/05/2030 USD 4,000,000 3,997,884 0.72 3,997,884 0.72 United Kingdom Barclays plc, FRN 4.476% 11/11/2029 USD 2,680,000 2,661,738 0.48 Barclays plc, FRN 5.207% 24/02/2037 USD 3,464,000 3,374,717 0.61 Barclays plc, Reg. S, FRN 8.407% 14/11/2032 GBP 2,844,000 3,932,564 0.71 Barclays plc, Reg. S, FRN 6.174% 29/07/2036 GBP 1,689,000 2,275,953 0.41
Aviva Investors Société d’investissement à capital variable (SICAV)
gn Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1
Aviva Investors - GLOBAL CLIMATE CREDIT FUND Portfolio of Investments and Other Net Assets as at 30 June 2026
The accompanying notes form an integral part of these financial statements. avivainvestors.com | Semi-annual report and unaudited financial statements 25
Aviva Investors Société d’investissement à capital variable (SICAV)
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Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Barclays plc, Reg. S, FRN 4.433% 12/11/2037 EUR 1,396,000 1,644,847 0.30 British Telecommunications Ltd., Reg. S, FRN 6.375% 03/12/2055 GBP 3,168,000 4,255,888 0.76 BT Finance plc, Reg. S 3.875% 02/06/2034 EUR 2,404,000 2,767,525 0.50 HSBC Holdings plc, FRN 5.286% 19/11/2030 USD 3,160,000 3,200,709 0.57 HSBC Holdings plc, Reg. S, FRN 4.599% 22/03/2035 EUR 1,532,000 1,805,348 0.32 HSBC Holdings plc, Reg. S, FRN 5.813% 22/05/2033 GBP 3,624,000 4,934,306 0.89 National Grid plc 5.405% 09/06/2036 USD 6,000,000 5,976,685 1.07 NatWest Group plc, Reg. S, FRN 2.105% 28/11/2031 GBP 5,469,000 7,230,346 1.30 SSE plc, Reg. S, FRN 4% Perpetual EUR 4,525,000 5,201,740 0.93 Standard Chartered plc, FRN, 144A 5.005% 15/10/2030 USD 2,822,000 2,833,852 0.51 Tritax Big Box REIT plc, Reg. S 4.75% 12/11/2032 GBP 2,858,000 3,727,838 0.67 United Kingdom Gilt, Reg. S 4.75% 07/12/2030 GBP 9,700,000 13,164,242 2.36 United Kingdom Gilt, Reg. S 4% 22/05/2029 GBP 8,000,000 10,559,483 1.90 79,547,781 14.29 United States of America Abbott Laboratories 5.5% 15/03/2056 USD 2,000,000 1,960,126 0.35 AbbVie, Inc. 5.4% 15/03/2054 USD 1,502,000 1,444,375 0.26 American Tower Corp. 4.625% 16/05/2031 EUR 3,000,000 3,617,117 0.65 American Tower Corp. 4% 01/09/2033 EUR 1,604,000 1,868,996 0.34 AT&T, Inc. 3.65% 01/06/2051 USD 1,745,000 1,187,357 0.21 AT&T, Inc. 5.7% 01/11/2054 USD 4,534,000 4,217,932 0.76 AT&T, Inc. 6.3% 30/10/2066 USD 2,724,000 2,701,768 0.48 Citigroup, Inc., FRN 2.928% 22/10/2030 EUR 1,700,000 1,923,224 0.35 Citigroup, Inc., Reg. S, FRN 3.75% 14/05/2032 EUR 2,644,000 3,067,115 0.55 Consolidated Edison Co. of New York, Inc. 5.5% 15/03/2055 USD 2,174,000 2,073,913 0.37 CRH America Finance, Inc. 5.5% 09/01/2035 USD 3,700,000 3,762,138 0.68 CVS Health Corp. 5.875% 01/06/2053 USD 1,355,000 1,327,272 0.24 Eli Lilly & Co. 5.5% 12/02/2055 USD 2,249,000 2,236,794 0.40 Ford Motor Credit Co. LLC 5.42% 09/04/2031 USD 5,500,000 5,455,006 0.98 Ford Motor Credit Co. LLC 6.467% 22/05/2036 USD 4,000,000 4,065,900 0.73 General Mills, Inc., FRN 5.25% 16/07/2056 EUR 3,865,000 4,369,964 0.78 General Motors Financial Co., Inc. 5.75% 08/02/2031 USD 3,340,000 3,444,798 0.62 General Motors Financial Co., Inc. 4.9% 06/10/2029 USD 1,751,000 1,755,876 0.32 Goldman Sachs Group, Inc. (The), Reg. S, FRN 4.188% 22/04/2036 EUR 1,233,000 1,421,024 0.25 IQVIA, Inc., Reg. S 4.625% 15/06/2033 EUR 2,975,000 3,454,364 0.62
Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Kraft Heinz Foods Co. 3.95% 21/05/2034 EUR 3,112,000 3,555,778 0.64 Maple Parent Holdings Corp., Reg. S 4.728% 26/03/2035 EUR 1,788,000 2,101,937 0.38 Morgan Stanley, FRN 3.521% 22/05/2031 EUR 2,792,000 3,206,496 0.58 Morgan Stanley, FRN 3.981% 23/01/2037 EUR 3,240,000 3,713,402 0.67 Morgan Stanley, FRN 5.432% 10/09/2032 GBP 1,883,000 2,537,664 0.46 Morgan Stanley, FRN 3.383% 23/01/2032 EUR 2,440,000 2,778,135 0.50 NextEra Energy Capital Holdings, Inc. 3.624% 10/02/2034 EUR 2,168,000 2,473,658 0.44 NextEra Energy Capital Holdings, Inc., FRN 3.996% 15/05/2056 EUR 3,776,000 4,272,383 0.77 Oncor Electric Delivery Co. LLC, Reg. S, FRN 4.55% 26/11/2056 EUR 3,319,000 3,841,789 0.69 Oracle Corp. 2.875% 25/03/2031 USD 4,593,000 4,104,739 0.74 Oracle Corp. 6% 03/08/2055 USD 4,468,000 3,807,128 0.68 Oracle Corp. 5.7% 04/02/2036 USD 4,305,000 4,170,711 0.75 RTX Corp. 6.4% 15/03/2054 USD 1,742,000 1,913,411 0.34 T-Mobile USA, Inc. 3.8% 11/02/2045 EUR 1,697,000 1,783,628 0.32 UnitedHealth Group, Inc. 4.75% 15/05/2052 USD 3,128,000 2,684,678 0.48 Veralto Corp. 4.85% 15/01/2032 USD 7,000,000 6,990,662 1.25 Verizon Communications, Inc., FRN 3.996% 15/06/2056 EUR 3,200,000 3,633,000 0.65 Xylem, Inc. 5.45% 01/06/2036 USD 3,000,000 3,057,240 0.55 115,981,498 20.83 Total Bonds 346,198,631 62.13 Total Transferable securities and money market instruments admitted to an official exchange listing 346,198,631 62.13 Transferable securities and money market instruments dealt in on another regulated market Bonds Canada Hydro One, Inc. 4.75% 30/05/2031 USD 5,500,000 5,511,915 0.99 TELUS Corp., FRN 6.625% 09/06/2056 USD 5,000,000 4,989,898 0.90 10,501,813 1.89 Denmark Danske Bank A/S, FRN, 144A 5.019% 04/03/2031 USD 4,206,000 4,223,617 0.76 4,223,617 0.76 France Credit Agricole SA, FRN, 144A 5.222% 27/05/2031 USD 1,247,000 1,257,417 0.23 Electricite de France SA, 144A 5.25% 22/04/2036 USD 3,774,000 3,706,382 0.67 Orange SA 9% 01/03/2031 USD 3,359,000 3,923,940 0.70 Societe Generale SA, FRN, 144A 5.249% 22/05/2029 USD 6,300,000 6,346,629 1.14 15,234,368 2.74 Ireland Smurfit Westrock Financing DAC 5.418% 15/01/2035 USD 5,513,000 5,581,614 1.00 5,581,614 1.00
Aviva Investors Société d’investissement à capital variable (SICAV)
gn Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1
Aviva Investors - GLOBAL CLIMATE CREDIT FUND (CONTINUED) Portfolio of Investments and Other Net Assets as at 30 June 2026
The accompanying notes form an integral part of these financial statements. avivainvestors.com | Semi-annual report and unaudited financial statements 26
Aviva Investors Société d’investissement à capital variable (SICAV)
Docusign Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1164700
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Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Italy Fibercop SpA, 144A 7.2% 18/07/2036 USD 5,500,000 5,653,721 1.01 5,653,721 1.01 Japan Mizuho Bank Ltd., 144A 5.185% 16/04/2036 USD 3,771,000 3,748,480 0.67 3,748,480 0.67 Switzerland UBS Group AG, FRN, 144A 5.617% 13/09/2030 USD 3,916,000 4,008,533 0.72 UBS Group AG, FRN, 144A 5.58% 09/05/2036 USD 1,568,000 1,597,060 0.29 5,605,593 1.01 United States of America Alphabet, Inc. 5.65% 15/02/2056 USD 3,000,000 2,962,245 0.53 Amazon.com, Inc. 5.45% 20/11/2055 USD 4,800,000 4,541,658 0.81 Amazon.com, Inc. 4.875% 13/03/2036 USD 5,500,000 5,416,284 0.97 American Tower Corp. 4.7% 15/12/2032 USD 2,968,000 2,920,639 0.52 Amgen, Inc. 5.65% 02/03/2053 USD 2,500,000 2,434,903 0.44 Bank of America Corp., FRN 2.572% 20/10/2032 USD 7,624,000 6,787,677 1.22 Bank of America Corp., FRN 5.464% 09/05/2036 USD 3,419,000 3,490,308 0.63 Bank of America Corp., FRN 4.695% 23/04/2032 USD 5,000,000 4,959,016 0.89 CCO Holdings LLC 4.5% 01/05/2032 USD 3,300,000 2,915,613 0.52 CCO Holdings LLC, 144A 4.25% 15/01/2034 USD 3,500,000 2,966,283 0.53 Charter Communications Operating LLC 3.85% 01/04/2061 USD 1,300,000 764,097 0.14 Charter Communications Operating LLC 3.9% 01/06/2052 USD 2,300,000 1,467,535 0.26 Citigroup, Inc., FRN 2.976% 05/11/2030 USD 2,756,000 2,602,791 0.47 Constellation Energy Generation LLC 5.75% 15/03/2054 USD 2,007,000 1,981,513 0.36 Constellation Energy Generation LLC 5.875% 15/01/2066 USD 1,197,000 1,170,464 0.21 Coty Inc, 144A 5.6% 15/01/2031 USD 2,516,000 2,449,206 0.44 Dominion Energy, Inc., FRN 6.25% 15/12/2056 USD 1,407,000 1,413,533 0.25 Exelon Corp. 5.875% 15/03/2055 USD 2,500,000 2,482,276 0.45 Goldman Sachs Group, Inc. (The), FRN 2.65% 21/10/2032 USD 4,029,000 3,586,748 0.64 Goldman Sachs Group, Inc. (The), FRN 5.207% 28/01/2031 USD 2,204,000 2,228,143 0.40 Goldman Sachs Group, Inc. (The), FRN 5.094% 20/04/2034 USD 1,888,000 1,880,961 0.34 JPMorgan Chase & Co., FRN 6.087% 23/10/2029 USD 5,000,000 5,152,843 0.92 JPMorgan Chase & Co., FRN 4.622% 23/04/2032 USD 7,000,000 6,920,760 1.24 Kraft Heinz Foods Co. 4.375% 01/06/2046 USD 969,000 776,439 0.14
Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Mars, Inc., 144A 5.7% 01/05/2055 USD 2,208,000 2,176,784 0.39 Meta Platforms, Inc. 5.25% 15/05/2036 USD 2,551,000 2,533,959 0.45 Meta Platforms, Inc. 6.3% 15/05/2056 USD 4,131,000 4,114,821 0.74 Morgan Stanley, FRN 5.123% 01/02/2029 USD 2,939,000 2,957,229 0.53 Morgan Stanley, FRN 5.192% 17/04/2031 USD 4,107,000 4,150,976 0.74 Morgan Stanley, FRN 4.809% 16/04/2032 USD 3,285,000 3,260,152 0.59 NVIDIA Corp. 5.625% 15/06/2056 USD 5,607,000 5,569,532 1.00 RWE Finance US LLC, 144A 5.125% 18/09/2035 USD 2,175,000 2,123,441 0.38 Sprint Capital Corp. 8.75% 15/03/2032 USD 5,510,000 6,492,621 1.17 Stellantis Finance US, Inc., 144A 5.75% 18/03/2030 USD 5,391,000 5,389,039 0.97 Stellantis Financial Services US Corp., 144A 5.4% 15/09/2030 USD 2,138,000 2,095,343 0.38 T-Mobile USA, Inc. 6% 15/06/2054 USD 2,175,000 2,151,784 0.39 T-Mobile USA, Inc. 5.5% 15/01/2055 USD 1,112,000 1,021,640 0.18 T-Mobile USA, Inc. 5.875% 15/11/2055 USD 1,829,000 1,782,308 0.32 Verizon Communications, Inc., FRN 6.05% 14/05/2058 USD 1,936,000 1,954,433 0.35 Viatris, Inc. 2.7% 22/06/2030 USD 4,593,000 4,192,983 0.75 126,238,980 22.65 Total Bonds 176,788,186 31.73 Convertible Bond United Kingdom HSBC Holdings plc, FRN 6% Perpetual USD 3,000,000 3,024,312 0.54 3,024,312 0.54 Total Convertible Bond 3,024,312 0.54 Total Transferable securities and money market instruments dealt in on another regulated market 179,812,498 32.27 Other transferable securities and money market instruments Bonds France Credit Agricole SA, FRN 6.447% 13/02/2041 AUD 7,380,000 5,083,210 0.91 5,083,210 0.91 United States of America Goldman Sachs Group, Inc. (The), FRN 3.641% 05/03/2032 CAD 3,027,000 2,117,929 0.38 2,117,929 0.38 Total Bonds 7,201,139 1.29 Total Other transferable securities and money market instruments 7,201,139 1.29 Units of authorised UCITS or other collective investment undertakings Collective Investment Schemes Ireland Aviva Investors Liquidity Funds plc - Euro Liquidity Fund † EUR 15,050 1,843,505 0.33
Aviva Investors Société d’investissement à capital variable (SICAV)
gn Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1
Aviva Investors - GLOBAL CLIMATE CREDIT FUND (CONTINUED) Portfolio of Investments and Other Net Assets as at 30 June 2026
The accompanying notes form an integral part of these financial statements. avivainvestors.com | Semi-annual report and unaudited financial statements 27
Aviva Investors Société d’investissement à capital variable (SICAV)
Docusign Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1164700
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Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Aviva Investors Liquidity Funds plc - Sterling Liquidity Fund † GBP 300,000 398,175 0.07 Aviva Investors Liquidity Funds plc - USD Liquity Fund † USD 6,100,000 6,099,390 1.10 8,341,070 1.50 Luxembourg Aviva Investors - ReturnPlus Fund † USD 5,219 5,429,204 0.97 5,429,204 0.97 Total Collective Investment Schemes 13,770,274 2.47 Total Units of authorised UCITS or other collective investment undertakings 13,770,274 2.47 Total investments 546,982,542 98.16 Cash/(bank overdraft) 5,549,769 1.00 Other assets/(liabilities) 4,719,381 0.84 Total net assets 557,251,692 100.00 † Related Party Fund Forward Currency Exchange Contracts
Currency Purchased Amount Purchased Currency Sold Amount Sold Maturity Date Counterparty
Unrealised Gain/ (Loss) USD % of Net Assets AUD 251 USD 173 04/08/2026 BNY Mellon 1 CHF 219 USD 271 04/08/2026 BNY Mellon 2 EUR 37,900,897 USD 43,072,455 04/08/2026 BNY Mellon 322,974 0.06 GBP 70,331,944 USD 92,661,426 04/08/2026 BNY Mellon 684,590 0.12 USD 8,202,560 AUD 11,500,000 09/07/2026 Morgan Stanley 236,602 0.04 USD 2,418,078 CAD 3,356,911 09/07/2026 Merrill Lynch 51,040 0.01 USD 39,717,030 EUR 34,111,149 09/07/2026 Deutsche Bank 703,441 0.13 USD 39,720,265 EUR 34,111,150 09/07/2026 Goldman Sachs 706,675 0.13 USD 41,696,278 EUR 35,811,150 09/07/2026 Royal Bank of Canada 738,365 0.13 USD 39,742,934 EUR 34,111,149 09/07/2026 Standard Chartered Bank 729,345 0.13 USD 173,621 EUR 150,000 13/07/2026 BNY Mellon 2,034 USD 83,172,179 GBP 61,904,356 09/07/2026 Deutsche Bank 1,010,345 0.18 USD 667,407 GBP 497,628 13/07/2026 BNY Mellon 6,938 USD 653,935 GBP 487,500 20/07/2026 BNY Mellon 6,911 Total Unrealised Gain on Forward Currency Exchange Contracts - Assets 5,199,263 0.93 AUD 251 USD 180 13/07/2026 BNY Mellon (6) AUD 251 USD 177 20/07/2026 BNY Mellon (3) AUD 251 USD 178 27/07/2026 BNY Mellon (3) CHF 219 USD 280 13/07/2026 BNY Mellon (8) CHF 219 USD 277 20/07/2026 BNY Mellon (4) CHF 219 USD 277 27/07/2026 BNY Mellon (4) EUR 38,050,898 USD 44,373,588 13/07/2026 BNY Mellon (846,680) (0.15) EUR 37,900,898 USD 43,892,835 20/07/2026 BNY Mellon (524,694) (0.09) EUR 37,900,897 USD 44,042,297 27/07/2026 BNY Mellon (661,328) (0.12) GBP 70,822,498 USD 95,389,333 13/07/2026 BNY Mellon (1,391,235) (0.25) GBP 70,821,205 USD 94,813,775 20/07/2026 BNY Mellon (817,807) (0.15) GBP 70,333,695 USD 94,363,241 27/07/2026 BNY Mellon (1,014,720) (0.18) USD 926,482 GBP 700,000 09/07/2026 Citigroup (2,585) USD 405 GBP 308 13/07/2026 BNY Mellon (4) USD 12,131 GBP 9,144 20/07/2026 BNY Mellon (4) USD 12,119 GBP 9,134 27/07/2026 BNY Mellon (5) USD 9,777 GBP 7,383 04/08/2026 BNY Mellon (22) Total Unrealised Loss on Forward Currency Exchange Contracts - Liabilities (5,259,112) (0.94) Net Unrealised Loss on Forward Currency Exchange Contracts - Liabilities (59,849) (0.01)
Aviva Investors Société d’investissement à capital variable (SICAV)
gn Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1
Aviva Investors - GLOBAL CLIMATE CREDIT FUND (CONTINUED) Portfolio of Investments and Other Net Assets as at 30 June 2026
The accompanying notes form an integral part of these financial statements. avivainvestors.com | Semi-annual report and unaudited financial statements 28
Aviva Investors Société d’investissement à capital variable (SICAV)
Docusign Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1164700
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Financial Futures Contracts
Security Description Number of Contracts Currency
Unrealised Gain/(Loss) USD % of Net Assets Canada 10 Year Bond, 18/09/2026 137 CAD 122,636 0.02 Euro-Bund, 08/09/2026 126 EUR 226,913 0.04 Euro-Schatz, 08/09/2026 204 EUR 64,139 0.01 US 10 Year Note, 21/09/2026 129 USD 34,967 0.01 US 10 Year Ultra Bond, 21/09/2026 163 USD 49,237 0.01 US 5 Year Note, 30/09/2026 (133) USD 2,796 US Long Bond, 21/09/2026 166 USD 231,435 0.04 Total Unrealised Gain on Financial Futures Contracts - Assets 732,123 0.13 Australia 10 Year Bond, 15/09/2026 (49) AUD (47,817) (0.01) Euro-Bobl, 08/09/2026 (115) EUR (113,072) (0.02) Euro-BTP, 08/09/2026 (47) EUR (86,136) (0.01) Euro-Buxl 30 Year Bond, 08/09/2026 (39) EUR (135,961) (0.02) Euro-OAT Future, 08/09/2026 (51) EUR (70,553) (0.01) Long Gilt, 28/09/2026 (103) GBP (10,776) US 2 Year Note, 30/09/2026 285 USD (86,389) (0.02) US Ultra Bond, 21/09/2026 (35) USD (45,938) (0.01) Total Unrealised Loss on Financial Futures Contracts - Liabilities (596,642) (0.10) Net Unrealised Gain on Financial Futures Contracts - Assets 135,481 0.03
Option Purchased Contracts
Quantity Security Description Currency Counterparty Market Value USD % of Net Assets 17,000,000 ITRAXX.EUROPE.MAIN.45.V1, Put, 350.000, 15/07/2026, pays 5.0% Fixed EUR Morgan Stanley 1,597 92,000,000 ITRAXX.EUROPE.MAIN.45.V1, Put, 60.000, 16/09/2026, pays 1.0% Fixed EUR Morgan Stanley 117,722 0.02 64,000,000 ITRAXX.EUROPE.MAIN.45.V1, Put, 70.000, 15/07/2026, pays 1.0% Fixed EUR Goldman Sachs 2,747 Total Market Value on Option Purchased Contracts - Assets 122,066 0.02
Option Written Contracts
Quantity Security Description Currency Counterparty Market Value USD % of Net Assets (17,000,000) ITRAXX.EUROPE.MAIN.45.V1, Put, 425.000, 15/07/2026 EUR Morgan Stanley (540) (92,000,000) ITRAXX.EUROPE.MAIN.45.V1, Put, 70.000, 16/09/2026 EUR Morgan Stanley (64,702) (0.01) (64,000,000) ITRAXX.EUROPE.MAIN.45.V1, Put, 80.000, 15/07/2026 EUR Goldman Sachs (1,354) Total Market Value on Option Written Contracts - Liabilities (66,596) (0.01)
Credit Default Swap Contracts
Nominal Amount Currency Counterparty Reference Entity Buy/Sell
Interest (Paid)/ Received Rate Maturity Date Market Value USD % of Net Assets 22,700,000 EUR Deutsche Bank TRAXX.EUROPE.MAIN.45.V1 Buy 1.000% 20/06/2031 582,057 0.11 Total Market Value on Credit Default Swap Contracts - Assets 582,057 0.11 (10,800,000) EUR Morgan Stanley ITRAXX.EUROPE.CROSSOVER.45.V1 Sell 5.000% 20/06/2031 (1,353,685) (0.24) (40,000,000) EUR Deutsche Bank ITRAXX.EUROPE.SEN.FINANCIALS.45.V1Buy 1.000% 20/06/2031 (966,112) (0.18) Total Market Value on Credit Default Swap Contracts - Liabilities (2,319,797) (0.42) Net Market Value on Credit Default Swap Contracts - Liabilities (1,737,740) (0.31)
Aviva Investors Société d’investissement à capital variable (SICAV)
gn Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1
Aviva Investors - GLOBAL CLIMATE CREDIT FUND (CONTINUED) Portfolio of Investments and Other Net Assets as at 30 June 2026
The accompanying notes form an integral part of these financial statements. avivainvestors.com | Semi-annual report and unaudited financial statements 29
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Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Transferable securities and money market instruments admitted to an official exchange listing Equities China Contemporary Amperex Technology Co. Ltd. 'A' CNH 41,000 2,382,824 0.67 2,382,824 0.67 France AXA SA EUR 104,726 5,251,741 1.47 Schneider Electric SE EUR 22,265 7,309,258 2.05 12,560,999 3.52 Germany Muenchener RueckversicherungsGesellschaft AG in Muenchen EUR 10,047 5,612,072 1.57 Siemens AG EUR 25,642 8,244,600 2.31 13,856,672 3.88 India Grasim Industries Ltd. INR 85,721 2,815,327 0.79 2,815,327 0.79 Ireland CRH plc USD 46,066 4,929,062 1.38 Linde plc USD 23,983 12,445,738 3.49 nVent Electric plc USD 25,967 4,404,263 1.23 Trane Technologies plc USD 11,772 5,781,936 1.62 27,560,999 7.72 Italy Enel SpA EUR 408,436 4,695,616 1.32 4,695,616 1.32 Japan Panasonic Holdings Corp. JPY 197,200 5,539,313 1.55 5,539,313 1.55 Netherlands ASM International NV EUR 8,724 9,992,518 2.80 ING Groep NV EUR 254,062 8,042,777 2.25 NXP Semiconductors NV USD 24,744 6,953,806 1.95 24,989,101 7.00 South Korea Samsung Electronics Co. Ltd. KRW 37,960 8,298,703 2.33 8,298,703 2.33 Switzerland Lonza Group AG CHF 12,081 8,166,711 2.29 8,166,711 2.29 Taiwan Taiwan Semiconductor Manufacturing Co. Ltd., ADR USD 26,561 12,684,737 3.55 Wiwynn Corp. TWD 21,000 3,081,483 0.86 15,766,220 4.41 United Kingdom AstraZeneca plc GBP 33,003 6,177,874 1.73 6,177,874 1.73
Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets United States of America Advanced Micro Devices, Inc. USD 11,479 6,668,266 1.87 Alphabet, Inc. 'A' USD 45,677 16,323,589 4.57 AMETEK, Inc. USD 23,394 5,659,944 1.59 Apple, Inc. USD 47,702 13,803,051 3.87 Arista Networks, Inc. USD 28,538 4,848,035 1.36 Broadcom, Inc. USD 23,908 9,031,247 2.53 Cadence Design Systems, Inc. USD 20,528 7,704,569 2.16 Carpenter Technology Corp. USD 11,353 7,002,985 1.96 Coca-Cola Co. (The) USD 45,781 3,720,622 1.04 Danaher Corp. USD 26,521 5,051,720 1.42 Home Depot, Inc. (The) USD 14,379 5,071,186 1.42 Hubbell, Inc. USD 11,487 6,009,998 1.68 JPMorgan Chase & Co. USD 42,445 13,893,522 3.89 Merck & Co., Inc. USD 34,782 4,469,487 1.25 Microsoft Corp. USD 40,402 15,070,754 4.22 Moody's Corp. USD 5,894 2,669,510 0.75 NVIDIA Corp. USD 94,653 18,939,119 5.31 PepsiCo, Inc. USD 37,290 5,049,066 1.41 Procter & Gamble Co. (The) USD 49,357 7,237,710 2.03 Public Service Enterprise Group, Inc. USD 90,809 7,370,058 2.07 ServiceNow, Inc. USD 43,781 4,346,578 1.22 Tapestry, Inc. USD 42,801 6,265,210 1.76 Tetra Tech, Inc. USD 152,402 4,402,894 1.23 Thermo Fisher Scientific, Inc. USD 9,155 4,589,951 1.29 United Rentals, Inc. USD 3,731 4,226,813 1.18 Veralto Corp. USD 62,737 5,563,517 1.56 Visa, Inc. 'A' USD 33,817 11,602,275 3.25 Westinghouse Air Brake Technologies Corp. USD 20,376 5,493,370 1.54 Xylem, Inc. USD 47,957 5,668,997 1.59 217,754,043 61.02 Total Equities 350,564,402 98.23 Total Transferable securities and money market instruments admitted to an official exchange listing 350,564,402 98.23 Units of authorised UCITS or other collective investment undertakings Collective Investment Schemes Ireland Aviva Investors Liquidity Funds plc - USD Liquity Fund † USD 2,800,000 2,799,720 0.79 2,799,720 0.79 Total Collective Investment Schemes 2,799,720 0.79 Total Units of authorised UCITS or other collective investment undertakings 2,799,720 0.79 Total investments 353,364,122 99.02 Cash/(bank overdraft) 165,937 0.05 Other assets/(liabilities) 3,346,969 0.93 Total net assets 356,877,028 100.00 † Related Party Fund
Forward Currency Exchange Contracts
Currency Purchased Amount Purchased Currency Sold Amount Sold Maturity Date Counterparty
Unrealised Gain/ (Loss) USD % of Net Assets AUD 368 USD 253 04/08/2026 BNY Mellon 2 USD 10 AUD 14 13/07/2026 BNY Mellon - USD 10 AUD 15 20/07/2026 BNY Mellon - Total Unrealised Gain on Forward Currency Exchange Contracts - Assets 2AUD 382 USD 274 13/07/2026 BNY Mellon (9) -
Aviva Investors Société d’investissement à capital variable (SICAV)
gn Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1
Aviva Investors - GLOBAL CLIMATE EQUITY FUND Portfolio of Investments and Other Net Assets as at 30 June 2026
The accompanying notes form an integral part of these financial statements. avivainvestors.com | Semi-annual report and unaudited financial statements 30
Aviva Investors Société d’investissement à capital variable (SICAV)
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Forward Currency Exchange Contracts (continued)
Currency Purchased Amount Purchased Currency Sold Amount Sold Maturity Date Counterparty
Unrealised Gain/ (Loss) USD % of Net Assets AUD 382 USD 269 20/07/2026 BNY Mellon (5) AUD 368 USD 260 27/07/2026 BNY Mellon (5) Total Unrealised Loss on Forward Currency Exchange Contracts - Liabilities (19) Net Unrealised Loss on Forward Currency Exchange Contracts - Liabilities (17) -
Aviva Investors Société d’investissement à capital variable (SICAV)
gn Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1
Aviva Investors - GLOBAL CLIMATE EQUITY FUND (CONTINUED) Portfolio of Investments and Other Net Assets as at 30 June 2026
The accompanying notes form an integral part of these financial statements. avivainvestors.com | Semi-annual report and unaudited financial statements 31
Aviva Investors Société d’investissement à capital variable (SICAV)
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Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Transferable securities and money market instruments admitted to an official exchange listing Equities Australia South32 Ltd. AUD 1,938,938 5,217,565 0.28 5,217,565 0.28 Brazil Banco Bradesco SA Preference BRL 1,002,849 3,506,905 0.19 Itau Unibanco Holding SA Preference BRL 1,803,688 14,698,666 0.78 Petroleo Brasileiro SA Petrobras Preference BRL 1,641,161 11,985,411 0.63 TIM SA BRL 981,907 4,148,863 0.22 Vale SA BRL 737,816 11,101,558 0.59 Vibra Energia SA BRL 1,695,012 9,788,330 0.52 55,229,733 2.93 Cayman Islands Alibaba Group Holding Ltd. HKD 2,744,420 32,790,713 1.73 Baidu, Inc. 'A' HKD 595,392 8,479,230 0.45 Chailease Holding Co. Ltd. TWD 1,353,846 5,006,230 0.26 China Hongqiao Group Ltd. HKD 2,026,190 5,200,372 0.28 China Resources Land Ltd. HKD 1,429,258 5,488,403 0.29 CIMC Enric Holdings Ltd. HKD 6,884,200 6,322,504 0.33 Daqo New Energy Corp., ADR USD 268,756 3,598,643 0.19 ENN Energy Holdings Ltd. HKD 1,250,114 6,458,592 0.34 Giant Biogene Holding Co. Ltd., 144A HKD 1,596,600 5,416,399 0.29 Hansoh Pharmaceutical Group Co. Ltd., 144A HKD 1,664,000 6,297,891 0.33 JD.com, Inc. 'A' HKD 608,228 7,740,689 0.41 Meituan, 144A 'B' HKD 747,852 6,596,470 0.35 NetEase, Inc. HKD 262,140 6,748,051 0.36 NU Holdings Ltd. 'A' USD 754,235 10,076,580 0.53 PDD Holdings, Inc., ADR USD 64,060 4,886,497 0.26 Sands China Ltd. HKD 2,727,010 4,557,791 0.24 Tencent Holdings Ltd. HKD 937,321 51,660,296 2.73 Trip.com Group Ltd. HKD 140,050 5,562,881 0.29 Vipshop Holdings Ltd., ADR USD 340,148 4,510,362 0.24 Xiaomi Corp., 144A 'B' HKD 2,020,400 5,603,124 0.30 193,001,718 10.20 Chile Banco de Chile CLP 46,152,337 9,034,315 0.48 9,034,315 0.48 China Advanced Micro-Fabrication Equipment, Inc. China 'A' CNH 203,829 14,289,377 0.76 BYD Co. Ltd. 'H' HKD 886,358 8,209,490 0.43 China Construction Bank Corp. 'H' HKD 20,636,133 21,264,646 1.12 China International Capital Corp. Ltd., 144A 'H' HKD 1,234,400 3,319,894 0.18 China Merchants Bank Co. Ltd. 'H' HKD 952,901 5,470,457 0.29 Contemporary Amperex Technology Co. Ltd. 'A' CNH 215,540 12,526,680 0.66 Foxconn Industrial Internet Co. Ltd. 'A' CNH 296,400 3,207,543 0.17 GF Securities Co. Ltd. 'A' CNH 898,900 3,107,270 0.16 Industrial & Commercial Bank of China Ltd. 'H' HKD 14,750,873 12,106,700 0.64 Inner Mongolia Yili Industrial Group Co. Ltd. 'A' CNH 1,163,700 4,110,808 0.22
Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Jiangsu Hengrui Pharmaceuticals Co. Ltd. 'A' CNH 683,564 5,252,188 0.28 Jiangsu Zhongtian Technology Co. Ltd. 'A' CNH 1,193,192 10,769,183 0.57 Kweichow Moutai Co. Ltd. 'A' CNH 35,200 6,141,128 0.32 NARI Technology Co. Ltd. 'A' CNH 2,178,488 7,346,479 0.39 NAURA Technology Group Co. Ltd. 'A' CNH 77,600 10,175,933 0.54 PICC Property & Casualty Co. Ltd. 'H' HKD 2,600,850 4,772,719 0.25 Ping An Bank Co. Ltd. 'A' CNH 4,422,858 6,547,959 0.35 Ping An Insurance Group Co. of China Ltd. 'H' HKD 2,122,223 13,879,730 0.73 Skshu Paint Co. Ltd. 'A' CNH 1,294,263 4,601,930 0.24 Yantai Jereh Oilfield Services Group Co. Ltd. 'A' CNH 409,517 9,265,901 0.49 Zijin Mining Group Co. Ltd. 'A' CNH 2,273,600 8,439,093 0.45 174,805,108 9.24 Greece Alpha Bank SA EUR 1,871,956 8,487,711 0.45 8,487,711 0.45 Hong Kong AIA Group Ltd. HKD 938,431 8,608,119 0.46 Hua Hong Grace Semiconductor Ltd., 144A HKD 131,000 3,650,917 0.19 Lenovo Group Ltd. HKD 1,885,113 5,632,256 0.30 17,891,292 0.95 Hungary OTP Bank Nyrt HUF 74,425 10,999,476 0.58 10,999,476 0.58 India Aegis Vopak Terminals Ltd. INR 3,051,923 7,599,646 0.40 Ashok Leyland Ltd. INR 5,576,376 9,397,577 0.50 Avenue Supermarts Ltd., 144A INR 142,908 6,648,355 0.35 Bharti Airtel Ltd. INR 831,725 16,299,954 0.86 Embassy Office Parks REIT, REIT INR 2,252,959 10,412,912 0.55 Grasim Industries Ltd. INR 370,809 12,178,448 0.64 HDFC Bank Ltd. INR 3,617,777 30,602,277 1.62 Hindustan Unilever Ltd. INR 191,157 4,285,314 0.23 ICICI Bank Ltd. INR 800,888 11,664,020 0.62 Infosys Ltd. INR 861,519 9,105,200 0.48 Kotak Mahindra Bank Ltd. INR 2,803,608 11,650,025 0.62 Mahindra & Mahindra Ltd. INR 398,287 13,028,069 0.69 PB Fintech Ltd. INR 513,273 8,854,349 0.47 Power Grid Corp. of India Ltd. INR 2,018,087 6,138,594 0.32 Reliance Industries Ltd. INR 1,742,624 23,984,867 1.27 Tata Consultancy Services Ltd. INR 114,067 2,459,767 0.13 Trent Ltd. INR 70,745 2,475,842 0.13 Varun Beverages Ltd. INR 1,463,631 7,907,467 0.42 194,692,683 10.30 Indonesia Bank Central Asia Tbk PT IDR 14,618,000 4,552,476 0.24 Indah Kiat Pulp & Paper Tbk PT IDR 4,578,100 1,810,717 0.10 Japfa Comfeed Indonesia Tbk PT IDR 13,245,400 1,445,539 0.08 Telkom Indonesia Persero Tbk PT IDR 45,628,800 6,051,317 0.32 13,860,049 0.74
Aviva Investors Société d’investissement à capital variable (SICAV)
gn Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1
Aviva Investors - GLOBAL EMERGING MARKETS CORE FUND Portfolio of Investments and Other Net Assets as at 30 June 2026
The accompanying notes form an integral part of these financial statements. avivainvestors.com | Semi-annual report and unaudited financial statements 32
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Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Malaysia Gamuda Bhd. MYR 6,043,900 6,497,417 0.34 Malayan Banking Bhd. MYR 3,584,545 9,495,690 0.50 15,993,107 0.84 Mexico Gentera SAB de CV MXN 2,510,317 5,444,797 0.29 Grupo Mexico SAB de CV MXN 468,385 5,313,836 0.28 Prologis Property Mexico SA de CV, REIT MXN 1,170,321 5,077,447 0.27 Wal-Mart de Mexico SAB de CV MXN 2,754,487 8,097,746 0.43 23,933,826 1.27 Netherlands Prosus NV ZAR 73,877 3,196,913 0.17 3,196,913 0.17 Peru Cia de Minas Buenaventura SAA, ADR USD 199,696 5,849,096 0.31 5,849,096 0.31 Philippines International Container Terminal Services, Inc. PHP 781,700 11,412,369 0.60 Jollibee Foods Corp. PHP 1,263,020 2,774,587 0.15 14,186,956 0.75 Poland Bank Polska Kasa Opieki SA PLN 169,429 10,323,804 0.55 10,323,804 0.55 Qatar Qatar National Bank QPSC QAR 2,263,537 10,725,997 0.57 10,725,997 0.57 Saudi Arabia Al Rajhi Bank SAR 870,777 15,287,029 0.81 Etihad Etisalat Co. SAR 347,341 5,591,710 0.30 Saudi Arabian Mining Co. SAR 281,773 4,439,906 0.23 Saudi Arabian Oil Co., 144A SAR 958,297 6,654,839 0.35 Saudi National Bank (The) SAR 1,090,725 11,231,618 0.59 43,205,102 2.28 South Africa Capitec Bank Holdings Ltd. ZAR 50,924 14,746,099 0.78 Impala Platinum Holdings Ltd. ZAR 585,490 6,119,773 0.32 Naspers Ltd. 'N' ZAR 124,076 6,219,541 0.33 Nedbank Group Ltd. ZAR 427,349 7,042,632 0.37 34,128,045 1.80 South Korea Celltrion, Inc. KRW 38,725 4,350,344 0.23 Hanwha Aerospace Co. Ltd. KRW 9,194 5,922,105 0.31 HD Hyundai Marine Solution Co. Ltd. KRW 43,225 6,301,332 0.33 HD Korea Shipbuilding & Offshore Engineering Co. Ltd. KRW 29,859 6,777,111 0.36 Hyosung Heavy Industries Corp. KRW 4,616 10,357,874 0.55 Hyundai Motor Co. KRW 48,941 15,758,088 0.83 Hyundai Rotem Co. Ltd. KRW 27,439 3,064,730 0.16 KB Financial Group, Inc. KRW 175,511 18,048,407 0.95 LG Chem Ltd. KRW 28,839 5,238,946 0.28 NAVER Corp. KRW 21,529 2,775,783 0.15 POSCO Holdings, Inc. KRW 26,137 5,367,624 0.28 Samsung Biologics Co. Ltd., 144A KRW 3,145 2,833,618 0.15 Samsung Electro-Mechanics Co. Ltd. KRW 6,600 9,542,150 0.50
Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Samsung Electronics Co. Ltd. KRW 810,102 177,102,105 9.36 Samsung Fire & Marine Insurance Co. Ltd. KRW 21,454 8,591,389 0.45 SK hynix, Inc. KRW 87,833 154,965,112 8.19 SK Square Co. Ltd. KRW 7,485 8,336,856 0.44 SK, Inc. KRW 25,523 13,918,907 0.74 459,252,481 24.26 Taiwan Accton Technology Corp. TWD 67,000 5,297,824 0.28 ASE Technology Holding Co. Ltd. TWD 292,000 6,305,615 0.33 Asia Vital Components Co. Ltd. TWD 60,000 4,811,647 0.25 Chroma ATE, Inc. TWD 67,974 4,664,543 0.25 Chung-Hsin Electric & Machinery Manufacturing Corp. TWD 576,000 3,215,844 0.17 CTBC Financial Holding Co. Ltd. TWD 5,017,000 11,226,438 0.59 Delta Electronics, Inc. TWD 199,000 12,317,056 0.65 Elite Material Co. Ltd. TWD 23,000 3,935,943 0.21 Global Unichip Corp. TWD 14,000 2,180,178 0.12 Hon Hai Precision Industry Co. Ltd. TWD 788,786 6,323,261 0.33 MediaTek, Inc. TWD 115,750 15,805,706 0.84 Nien Made Enterprise Co. Ltd. TWD 270,000 2,941,215 0.16 Novatek Microelectronics Corp. TWD 244,000 4,138,040 0.22 Sinbon Electronics Co. Ltd. TWD 432,000 4,501,515 0.24 Taiwan Semiconductor Manufacturing Co. Ltd. TWD 2,498,337 191,843,914 10.14 Tripod Technology Corp. TWD 236,380 3,874,175 0.20 Unimicron Technology Corp. TWD 121,000 4,120,004 0.22 United Microelectronics Corp. TWD 1,784,000 9,570,300 0.51 Wiwynn Corp. TWD 42,000 6,162,966 0.33 Yageo Corp. TWD 392,240 14,189,675 0.75 317,425,859 16.79 Thailand CP ALL PCL THB 16,700 23,501 CP ALL PCL THB 4,960,500 7,035,006 0.37 True Corp. PCL THB 22,891,400 8,954,263 0.47 16,012,770 0.84 United Arab Emirates Abu Dhabi Islamic Bank PJSC AED 682,222 3,835,178 0.20 Emaar Properties PJSC AED 2,306,921 7,555,002 0.40 11,390,180 0.60 United Kingdom Airtel Africa plc, 144A GBP 1,451,329 6,313,561 0.33 Anglogold Ashanti plc ZAR 185,407 14,982,034 0.79 Metlen Energy & Metals plc EUR 67,347 3,175,247 0.17 24,470,842 1.29 United States of America Yum China Holdings, Inc. USD 134,171 5,483,569 0.29 Yum China Holdings, Inc. HKD 72,800 2,964,203 0.16 8,447,772 0.45 Total Equities 1,681,762,400 88.92 Total Transferable securities and money market instruments admitted to an official exchange listing 1,681,762,400 88.92 Other transferable securities and money market instruments Equities Russia LUKOIL PJSC § RUB 142,920 - -
Aviva Investors Société d’investissement à capital variable (SICAV)
gn Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1
Aviva Investors - GLOBAL EMERGING MARKETS CORE FUND (CONTINUED) Portfolio of Investments and Other Net Assets as at 30 June 2026
The accompanying notes form an integral part of these financial statements. avivainvestors.com | Semi-annual report and unaudited financial statements 33
Aviva Investors Société d’investissement à capital variable (SICAV)
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Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Sberbank of Russia PJSC § RUB 4,573,839 - United Co. RUSAL International PJSC § RUB 6,112,581 - -Total Equities - Total Other transferable securities and money market instruments - Units of authorised UCITS or other collective investment undertakings Exchange Traded Funds Ireland iShares MSCI Taiwan UCITS ETF GBP 951,719 194,274,352 10.27 194,274,352 10.27 Total Exchange Traded Funds 194,274,352 10.27 Total Units of authorised UCITS or other collective investment undertakings 194,274,352 10.27 Total investments 1,876,036,752 99.19 Cash/(bank overdraft) 13,117,667 0.69 Other assets/(liabilities) 2,122,005 0.12 Total net assets 1,891,276,424 100.00 § Security is valued at its fair value under the direction of the Board of Directors.
Aviva Investors Société d’investissement à capital variable (SICAV)
gn Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1
Aviva Investors - GLOBAL EMERGING MARKETS CORE FUND (CONTINUED) Portfolio of Investments and Other Net Assets as at 30 June 2026
The accompanying notes form an integral part of these financial statements. avivainvestors.com | Semi-annual report and unaudited financial statements 34
Aviva Investors Société d’investissement à capital variable (SICAV)
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Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Transferable securities and money market instruments admitted to an official exchange listing Equities Australia South32 Ltd. AUD 280,374 754,469 0.30 754,469 0.30 Brazil Itau Unibanco Holding SA Preference BRL 244,700 1,994,116 0.79 Petroleo Brasileiro SA Petrobras Preference BRL 208,851 1,525,240 0.60 TIM SA BRL 175,817 742,882 0.29 Vale SA BRL 99,050 1,490,357 0.59 Vibra Energia SA BRL 247,865 1,431,367 0.57 7,183,962 2.84 Cayman Islands Alibaba Group Holding Ltd. HKD 364,904 4,359,924 1.73 Baidu, Inc. 'A' HKD 83,388 1,187,564 0.47 China Hongqiao Group Ltd. HKD 242,500 622,395 0.25 China Resources Land Ltd. HKD 281,812 1,082,168 0.43 CIMC Enric Holdings Ltd. HKD 776,000 712,685 0.28 Daqo New Energy Corp., ADR USD 47,250 632,678 0.25 ENN Energy Holdings Ltd. HKD 172,477 891,086 0.35 Giant Biogene Holding Co. Ltd., 144A HKD 122,000 413,880 0.16 Hansoh Pharmaceutical Group Co. Ltd., 144A HKD 218,000 825,084 0.33 JD.com, Inc. 'A' HKD 76,300 971,041 0.39 Meituan, 144A 'B' HKD 99,860 880,821 0.35 NU Holdings Ltd. 'A' USD 98,798 1,319,941 0.52 PDD Holdings, Inc., ADR USD 13,846 1,056,173 0.42 Sands China Ltd. HKD 464,727 776,722 0.31 Tencent Holdings Ltd. HKD 111,500 6,145,305 2.43 Trip.com Group Ltd. HKD 19,750 784,483 0.31 Xiaomi Corp., 144A 'B' HKD 185,800 515,274 0.20 23,177,224 9.18 Chile Banco de Chile CLP 6,983,557 1,367,031 0.54 1,367,031 0.54 China Advanced Micro-Fabrication Equipment, Inc. China 'A' CNH 32,988 2,312,615 0.92 BYD Co. Ltd. 'H' HKD 143,945 1,333,225 0.53 China Construction Bank Corp. 'H' HKD 2,716,389 2,799,122 1.11 China Merchants Bank Co. Ltd. 'H' HKD 125,157 718,507 0.28 Contemporary Amperex Technology Co. Ltd. 'A' CNH 29,600 1,720,283 0.68 Industrial & Commercial Bank of China Ltd. 'H' HKD 2,852,161 2,340,896 0.93 Jiangsu Hengrui Pharmaceuticals Co. Ltd. 'A' CNH 111,500 856,714 0.34 Jiangsu Zhongtian Technology Co. Ltd. 'A' CNH 379,800 3,427,894 1.36 Kweichow Moutai Co. Ltd. 'A' CNH 5,200 907,212 0.36 NARI Technology Co. Ltd. 'A' CNH 336,500 1,134,773 0.45 NAURA Technology Group Co. Ltd. 'A' CNH 11,000 1,442,465 0.57 Ping An Bank Co. Ltd. 'A' CNH 719,500 1,065,206 0.42 Ping An Insurance Group Co. of China Ltd. 'H' HKD 346,106 2,263,597 0.90 Skshu Paint Co. Ltd. 'A' CNH 158,060 562,004 0.22
Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Yantai Jereh Oilfield Services Group Co. Ltd. 'A' CNH 92,400 2,090,681 0.83 Zijin Mining Group Co. Ltd. 'A' CNH 310,000 1,150,650 0.46 26,125,844 10.36 Greece Alpha Bank SA EUR 314,096 1,424,155 0.56 1,424,155 0.56 Hong Kong AIA Group Ltd. HKD 147,700 1,354,835 0.54 Lenovo Group Ltd. HKD 401,517 1,199,634 0.48 2,554,469 1.02 Hungary OTP Bank Nyrt HUF 14,084 2,081,513 0.82 2,081,513 0.82 India Aegis Vopak Terminals Ltd. INR 315,471 785,560 0.31 Ashok Leyland Ltd. INR 1,066,600 1,797,486 0.71 Avenue Supermarts Ltd., 144A INR 27,254 1,267,909 0.50 Bharti Airtel Ltd. INR 102,255 2,003,970 0.79 Grasim Industries Ltd. INR 40,935 1,344,425 0.53 HDFC Bank Ltd. INR 215,892 1,826,201 0.72 HDFC Bank Ltd., ADR USD 97,773 2,525,477 1.00 Infosys Ltd., ADR USD 106,807 1,120,405 0.44 Kotak Mahindra Bank Ltd. INR 606,688 2,521,012 1.00 Mahindra & Mahindra Ltd. INR 49,230 1,610,326 0.64 PB Fintech Ltd. INR 71,107 1,226,650 0.49 Power Grid Corp. of India Ltd. INR 248,064 754,558 0.30 Reliance Industries Ltd. INR 55,242 760,332 0.30 Reliance Industries Ltd., 144A, GDR USD 39,521 2,189,463 0.87 Tata Consultancy Services Ltd. INR 19,377 417,850 0.17 Varun Beverages Ltd. INR 268,910 1,452,823 0.58 23,604,447 9.35 Indonesia Bank Central Asia Tbk PT IDR 1,776,500 553,255 0.22 Telkom Indonesia Persero Tbk PT IDR 6,130,400 813,017 0.32 1,366,272 0.54 Malaysia Gamuda Bhd. MYR 838,400 901,311 0.36 901,311 0.36 Mauritius MakeMyTrip Ltd. USD 21,247 1,132,253 0.45 1,132,253 0.45 Mexico Gentera SAB de CV MXN 498,287 1,080,768 0.43 Prologis Property Mexico SA de CV, REIT MXN 199,176 864,127 0.34 Wal-Mart de Mexico SAB de CV MXN 371,194 1,091,250 0.43 3,036,145 1.20 Netherlands Prosus NV ZAR 27,789 1,202,526 0.48 1,202,526 0.48 Philippines International Container Terminal Services, Inc. PHP 140,410 2,049,905 0.81 2,049,905 0.81 Poland Bank Polska Kasa Opieki SA PLN 16,722 1,018,920 0.40 1,018,920 0.40
Aviva Investors Société d’investissement à capital variable (SICAV)
gn Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1
Aviva Investors - GLOBAL EMERGING MARKETS EQUITY UNCONSTRAINED FUND Portfolio of Investments and Other Net Assets as at 30 June 2026
The accompanying notes form an integral part of these financial statements. avivainvestors.com | Semi-annual report and unaudited financial statements 35
Aviva Investors Société d’investissement à capital variable (SICAV)
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Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Qatar Qatar National Bank QPSC QAR 252,535 1,196,662 0.47 1,196,662 0.47 Saudi Arabia Al Rajhi Bank SAR 125,372 2,200,983 0.87 Etihad Etisalat Co. SAR 45,621 734,435 0.29 Saudi Arabian Oil Co., 144A SAR 120,929 839,785 0.33 Saudi National Bank (The) SAR 167,558 1,725,410 0.68 5,500,613 2.17 South Africa Capitec Bank Holdings Ltd. ZAR 6,823 1,975,741 0.78 Impala Platinum Holdings Ltd. ZAR 76,910 803,894 0.32 Nedbank Group Ltd. ZAR 57,934 954,742 0.38 3,734,377 1.48 South Korea Celltrion, Inc. KRW 9,200 1,033,523 0.41 Hanwha Aerospace Co. Ltd. KRW 1,808 1,164,582 0.46 HD Hyundai Marine Solution Co. Ltd. KRW 8,586 1,251,665 0.50 HD Korea Shipbuilding & Offshore Engineering Co. Ltd. KRW 3,766 854,771 0.34 Hyosung Heavy Industries Corp. KRW 680 1,525,857 0.60 Hyundai Motor Co. KRW 7,456 2,400,693 0.95 KB Financial Group, Inc. KRW 17,704 1,820,564 0.72 LG Chem Ltd. KRW 5,830 1,059,089 0.42 POSCO Holdings, Inc. KRW 3,483 715,286 0.28 Samsung Electronics Co. Ltd. KRW 108,252 23,665,732 9.37 Samsung Fire & Marine Insurance Co. Ltd. KRW 2,975 1,191,357 0.47 SK hynix, Inc. KRW 11,910 21,012,996 8.32 SK Square Co. Ltd. KRW 976 1,087,077 0.43 SK, Inc. KRW 3,435 1,873,269 0.74 60,656,461 24.01 Taiwan Accton Technology Corp. TWD 11,000 869,792 0.34 ASE Technology Holding Co. Ltd. TWD 49,000 1,058,134 0.42 Chroma ATE, Inc. TWD 10,485 719,506 0.29 CTBC Financial Holding Co. Ltd. TWD 752,000 1,682,735 0.67 Delta Electronics, Inc. TWD 32,000 1,980,632 0.78 Elite Material Co. Ltd. TWD 5,000 855,640 0.34 Hon Hai Precision Industry Co. Ltd. TWD 130,000 1,042,138 0.41 MediaTek, Inc. TWD 19,000 2,594,457 1.03 Nien Made Enterprise Co. Ltd. TWD 73,000 795,217 0.32 Novatek Microelectronics Corp. TWD 73,000 1,238,020 0.49
Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Taiwan Semiconductor Manufacturing Co. Ltd. TWD 327,000 25,109,887 9.95 Tripod Technology Corp. TWD 55,000 901,428 0.36 Wiwynn Corp. TWD 8,000 1,173,898 0.47 Yageo Corp. TWD 94,304 3,411,542 1.35 43,433,026 17.22 Thailand CP ALL PCL THB 305,500 429,919 0.17 CP ALL PCL THB 664,800 942,823 0.37 True Corp. PCL THB 3,318,600 1,298,113 0.51 2,670,855 1.05 United Arab Emirates Abu Dhabi Islamic Bank PJSC AED 90,850 510,722 0.20 Emaar Properties PJSC AED 345,981 1,133,063 0.45 1,643,785 0.65 United Kingdom Airtel Africa plc, 144A GBP 349,513 1,520,449 0.60 Anglogold Ashanti plc ZAR 22,454 1,814,422 0.72 Antofagasta plc GBP 42,321 2,150,837 0.85 5,485,708 2.17 United States of America Yum China Holdings, Inc. USD 18,845 770,195 0.31 770,195 0.31 Total Equities 224,072,128 88.74 Total Transferable securities and money market instruments admitted to an official exchange listing 224,072,128 88.74 Other transferable securities and money market instruments Equities Russia Sberbank of Russia PJSC § RUB 595,602 - -Total Equities - Total Other transferable securities and money market instruments - Units of authorised UCITS or other collective investment undertakings Exchange Traded Funds Ireland iShares MSCI Taiwan UCITS ETF GBP 127,163 25,957,777 10.28 25,957,777 10.28 Total Exchange Traded Funds 25,957,777 10.28 Total Units of authorised UCITS or other collective investment undertakings 25,957,777 10.28 Total investments 250,029,905 99.02 Cash/(bank overdraft) (358,166) (0.14) Other assets/(liabilities) 2,825,545 1.12 Total net assets 252,497,284 100.00 § Security is valued at its fair value under the direction of the Board of Directors.
Aviva Investors Société d’investissement à capital variable (SICAV)
gn Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1
Aviva Investors - GLOBAL EMERGING MARKETS EQUITY UNCONSTRAINED FUND (CONTINUED) Portfolio of Investments and Other Net Assets as at 30 June 2026
The accompanying notes form an integral part of these financial statements. avivainvestors.com | Semi-annual report and unaudited financial statements 36
Aviva Investors Société d’investissement à capital variable (SICAV)
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Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Transferable securities and money market instruments admitted to an official exchange listing Equities Bermuda Alibaba Health Information Technology Ltd. HKD 3,685,600 1,454,878 0.02 China Gas Holdings Ltd. HKD 1,773,302 1,172,392 0.01 China Resources Gas Group Ltd. HKD 602,544 1,127,301 0.01 China Ruyi Holdings Ltd. HKD 7,656,000 1,460,143 0.02 Credicorp Ltd. USD 45,727 17,814,325 0.21 Kunlun Energy Co. Ltd. HKD 2,628,055 2,155,398 0.03 Orient Overseas International Ltd. HKD 85,977 1,340,575 0.02 26,525,012 0.32 Brazil Ambev SA BRL 2,923,843 9,202,060 0.11 Axia Energia Preference BRL 231 2,366 Axia Energia SA BRL 849,998 8,930,318 0.11 Axia Energia SA Preference BRL 243,280 2,491,576 0.03 B3 SA - Brasil Bolsa Balcao BRL 3,428,352 9,624,118 0.11 Banco Bradesco SA BRL 1,073,194 3,269,790 0.04 Banco Bradesco SA Preference BRL 3,566,705 12,472,563 0.15 Banco BTG Pactual SA BRL 808,338 8,447,339 0.10 Banco do Brasil SA BRL 1,159,587 4,460,510 0.05 BB Seguridade Participacoes SA BRL 455,681 3,448,454 0.04 Caixa Seguridade Participacoes S/A BRL 390,613 1,487,453 0.02 Cia de Saneamento Basico do Estado de Sao Paulo SABESP BRL 1,606,066 9,197,113 0.11 Cia Energetica de Minas Gerais Preference BRL 1,116,200 2,344,129 0.03 Cia Paranaense de Energia Copel BRL 1,262,125 3,662,539 0.04 CPFL Energia SA BRL 146,065 1,263,689 0.02 Embraer SA BRL 457,922 7,241,360 0.09 Energisa S/A BRL 199,554 1,850,593 0.02 Eneva SA BRL 630,459 3,254,642 0.04 Engie Brasil Energia SA BRL 183,876 1,237,338 0.01 Equatorial SA BRL 721,921 5,431,197 0.06 Gerdau SA Preference BRL 830,211 3,333,066 0.04 Itau Unibanco Holding SA BRL 341,011 2,916,674 0.03 Itau Unibanco Holding SA Preference BRL 3,648,306 29,730,880 0.35 Itausa SA Preference BRL 3,971,321 10,265,995 0.12 Klabin SA BRL 521,772 1,687,509 0.02 Localiza Rent a Car SA BRL 565,903 4,541,700 0.05 MBRF Global Foods Co. SA BRL 421,141 1,467,010 0.02 Motiva Infraestrutura de Mobilidade SA BRL 657,483 1,857,128 0.02 Petroleo Brasileiro SA Petrobras BRL 2,509,789 20,258,887 0.24 Petroleo Brasileiro SA Petrobras Preference BRL 2,938,811 21,462,158 0.25 Porto Seguro SA BRL 124,872 1,276,718 0.02 PRIO SA BRL 559,050 5,632,678 0.07 Raia Drogasil SA BRL 855,559 2,778,610 0.03 Rede D'Or Sao Luiz SA, 144A BRL 463,219 3,106,354 0.04 Rumo SA BRL 847,034 2,197,793 0.03 Suzano SA BRL 404,991 3,110,229 0.04 Telefonica Brasil SA BRL 478,768 3,140,327 0.04
Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets TIM SA BRL 545,024 2,302,896 0.03 Ultrapar Participacoes SA BRL 472,153 2,377,207 0.03 Vale SA BRL 2,395,272 36,040,492 0.43 Vibra Energia SA BRL 702,210 4,055,112 0.05 WEG SA BRL 990,841 8,980,062 0.11 271,838,632 3.24 Canada China Gold International Resources Corp. Ltd. HKD 160,422 2,515,729 0.03 2,515,729 0.03 Cayman Islands 3SBio, Inc., 144A HKD 1,284,000 2,780,639 0.03 AAC Technologies Holdings, Inc. HKD 525,500 2,899,171 0.03 Airtac International Group TWD 90,950 3,836,880 0.05 Akeso, Inc., 144A HKD 435,000 4,904,507 0.06 Alchip Technologies Ltd. TWD 52,000 6,975,914 0.08 Alibaba Group Holding Ltd. HKD 11,292,200 134,920,779 1.60 ANTA Sports Products Ltd. HKD 848,800 7,711,203 0.09 Baidu, Inc. 'A' HKD 1,408,350 20,056,910 0.24 Bilibili, Inc. 'Z' HKD 170,438 2,896,085 0.03 Bizlink Holding, Inc. TWD 118,820 7,221,220 0.09 Bosideng International Holdings Ltd. HKD 3,152,000 1,723,636 0.02 C&D International Investment Group Ltd. HKD 575,000 991,651 0.01 Chailease Holding Co. Ltd. TWD 1,002,339 3,706,433 0.04 China Feihe Ltd., 144A HKD 2,361,000 844,320 0.01 China Hongqiao Group Ltd. HKD 2,175,000 5,582,304 0.07 China Mengniu Dairy Co. Ltd. HKD 2,020,050 4,156,805 0.05 China Resources Land Ltd. HKD 1,923,848 7,387,647 0.09 China Resources Mixc Lifestyle Services Ltd., 144A HKD 461,800 2,166,778 0.03 Chow Tai Fook Jewellery Group Ltd. HKD 1,284,400 1,791,819 0.02 ENN Energy Holdings Ltd. HKD 515,758 2,664,613 0.03 Full Truck Alliance Co. Ltd., ADR USD 471,714 3,830,318 0.05 GCL Technology Holdings Ltd. HKD 15,889,162 1,415,805 0.02 GDS Holdings Ltd. 'A' HKD 732,500 2,699,759 0.03 Geely Automobile Holdings Ltd. HKD 4,389,000 9,462,845 0.11 Genscript Biotech Corp. HKD 782,000 1,227,709 0.01 Giant Biogene Holding Co. Ltd., 144A HKD 286,400 971,600 0.01 H World Group Ltd., ADR USD 130,279 5,435,240 0.06 Haidilao International Holding Ltd., 144A HKD 1,128,000 1,532,676 0.02 Haitian International Holdings Ltd. HKD 415,582 997,526 0.01 Hansoh Pharmaceutical Group Co. Ltd., 144A HKD 838,000 3,171,654 0.04 Hengan International Group Co. Ltd. HKD 430,618 1,195,235 0.01 Hesai Group HKD 86,120 1,543,171 0.02 Horizon Robotics HKD 3,376,200 1,766,899 0.02 Innovent Biologics, Inc., 144A HKD 960,000 9,784,918 0.12 J&T Global Express Ltd. HKD 1,547,935 1,653,994 0.02 JD Health International, Inc. HKD 731,200 3,079,106 0.04 JD Logistics, Inc., 144A HKD 1,300,000 1,953,107 0.02 JD.com, Inc. 'A' HKD 1,555,652 19,798,198 0.23 Kanzhun Ltd., ADR USD 244,983 3,152,931 0.04
Aviva Investors Société d’investissement à capital variable (SICAV)
gn Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1
Aviva Investors - GLOBAL EMERGING MARKETS INDEX FUND Portfolio of Investments and Other Net Assets as at 30 June 2026
The accompanying notes form an integral part of these financial statements. avivainvestors.com | Semi-annual report and unaudited financial statements 37
Aviva Investors Société d’investissement à capital variable (SICAV)
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Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets KE Holdings, Inc. 'A' HKD 72,138 347,657 KE Holdings, Inc., ADR USD 428,740 6,229,592 0.07 Kingboard Laminates Holdings Ltd. HKD 687,500 8,832,616 0.10 Kingdee International Software Group Co. Ltd. HKD 1,964,000 1,491,907 0.02 Kingsoft Corp. Ltd. HKD 683,800 1,944,050 0.02 Kuaishou Technology, 144A HKD 1,728,500 9,236,812 0.11 Legend Biotech Corp., ADR USD 48,091 1,388,868 0.02 Li Auto, Inc. 'A' HKD 821,000 4,825,443 0.06 Li Ning Co. Ltd. HKD 1,569,000 2,958,381 0.04 Longfor Group Holdings Ltd., 144A HKD 1,561,901 1,198,091 0.01 Meituan, 144A 'B' HKD 3,396,420 29,958,309 0.36 MINISO Group Holding Ltd. HKD 125,400 376,934 MINISO Group Holding Ltd., ADR USD 47,950 578,277 0.01 NetEase, Inc. HKD 1,183,625 30,469,068 0.36 New Oriental Education & Technology Group, Inc. HKD 880,600 4,042,565 0.05 NIO, Inc. 'A' HKD 479,330 2,432,238 0.03 NIO, Inc., ADR USD 726,620 3,676,697 0.04 NU Holdings Ltd. 'A' USD 2,459,192 32,854,805 0.39 PDD Holdings, Inc., ADR USD 383,005 29,215,621 0.35 Pony AI, Inc. 'A' HKD 126,191 879,607 0.01 Pop Mart International Group Ltd., 144A HKD 349,600 6,939,430 0.08 SenseTime Group, Inc., 144A 'B' HKD 18,888,409 3,247,833 0.04 Shenzhou International Group Holdings Ltd. HKD 557,600 2,808,776 0.03 Sino Biopharmaceutical Ltd. HKD 6,717,000 3,788,158 0.05 Smoore International Holdings Ltd., 144A HKD 1,210,000 1,086,841 0.01 StoneCo Ltd. 'A' USD 145,162 1,573,556 0.02 Sunny Optical Technology Group Co. Ltd. HKD 463,200 3,619,925 0.04 TAL Education Group, ADR USD 226,159 2,164,342 0.03 Tencent Holdings Ltd. HKD 4,157,100 229,117,899 2.71 Tencent Music Entertainment Group, ADR USD 386,570 3,227,859 0.04 Tingyi Cayman Islands Holding Corp. HKD 1,330,586 1,663,377 0.02 Tongcheng Travel Holdings Ltd. HKD 841,600 1,289,970 0.02 Trip.com Group Ltd. HKD 403,370 16,022,131 0.19 Vipshop Holdings Ltd., ADR USD 207,774 2,755,083 0.03 Want Want China Holdings Ltd. HKD 3,073,395 1,329,809 0.02 Wuxi Biologics Cayman, Inc., 144A HKD 2,372,000 10,512,205 0.12 WuXi XDC Cayman, Inc. HKD 255,000 1,863,918 0.02 Xiaomi Corp., 144A 'B' HKD 11,563,500 32,068,759 0.38 Xinyi Solar Holdings Ltd. HKD 2,978,000 785,757 0.01 XP, Inc. 'A' USD 270,392 4,396,574 0.05 XPeng, Inc. 'A' HKD 844,484 5,538,674 0.07 XtalPi Holdings Ltd. HKD 1,120,870 1,100,525 0.01 Yadea Group Holdings Ltd., 144A HKD 810,000 920,188 0.01 Zhen Ding Technology Holding Ltd. TWD 505,250 10,102,617 0.12
Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets ZTO Express Cayman, Inc. HKD 41,650 920,652 0.01 ZTO Express Cayman, Inc., ADR USD 231,000 5,169,780 0.06 826,844,181 9.79 Chile Banco de Chile CLP 30,659,949 6,001,682 0.07 Banco de Credito e Inversiones SA CLP 51,605 3,389,741 0.04 Banco Santander Chile CLP 44,485,591 3,642,425 0.04 Cencosud SA CLP 806,754 1,863,567 0.02 Empresas Copec SA CLP 263,015 1,640,394 0.02 Enel Chile SA CLP 18,010,239 1,582,081 0.02 Falabella SA CLP 465,340 2,904,795 0.03 Latam Airlines Group SA CLP 232,375,656 6,756,344 0.08 Plaza SA CLP 498,971 2,056,285 0.02 Sociedad Quimica y Minera de Chile SA Preference 'B' CLP 96,327 7,150,655 0.09 36,987,969 0.43 China 360 Security Technology, Inc. 'A' CNH 271,900 351,400 37 Interactive Entertainment Network Technology Group Co. Ltd. 'A' CNH 81,800 228,483 Accelink Technologies Co. Ltd. 'A' CNY 31,300 1,209,235 0.01 ACM Research Shanghai, Inc. 'A' CNH 17,387 1,116,683 0.01 Advanced Fiber Resources Zhuhai Ltd. 'A' CNY 10,100 575,471 0.01 Advanced Micro-Fabrication Equipment, Inc. China 'A' CNH 35,654 2,499,542 0.03 Advanced Micro-Fabrication Equipment, Inc. China 'A' CNY 1,699 119,126 AECC Aviation Power Co. Ltd. 'A' CNH 100,800 571,868 0.01 AECC Aviation Power Co. Ltd. 'A' CNY 3,200 18,161 Agricultural Bank of China Ltd. 'A' CNH 3,355,800 2,996,690 0.04 Agricultural Bank of China Ltd. 'A' CNY 89,300 79,774 Agricultural Bank of China Ltd. 'H' HKD 18,141,000 12,377,027 0.15 Aier Eye Hospital Group Co. Ltd. 'A' CNH 362,269 440,277 0.01 Air China Ltd. 'A' CNH 503,300 452,171 0.01 Aluminum Corp. of China Ltd. 'A' CNH 514,900 622,999 0.01 Aluminum Corp. of China Ltd. 'H' HKD 2,528,000 2,413,842 0.03 Amlogic Shanghai Co. Ltd. 'A' CNH 16,899 257,922 Angel Yeast Co. Ltd. 'A' CNH 31,300 166,885 Anhui Conch Cement Co. Ltd. 'A' CNH 152,100 380,774 Anhui Conch Cement Co. Ltd. 'H' HKD 803,705 1,722,261 0.02 Anhui Gujing Distillery Co. Ltd. 'A' CNH 15,100 177,347 Anhui Jianghuai Automobile Group Corp. Ltd. 'A' CNH 21,000 80,177 Anhui Jianghuai Automobile Group Corp. Ltd. 'A' CNY 63,900 244,061 -
Aviva Investors Société d’investissement à capital variable (SICAV)
gn Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1
Aviva Investors - GLOBAL EMERGING MARKETS INDEX FUND (CONTINUED) Portfolio of Investments and Other Net Assets as at 30 June 2026
The accompanying notes form an integral part of these financial statements. avivainvestors.com | Semi-annual report and unaudited financial statements 38
Aviva Investors Société d’investissement à capital variable (SICAV)
Docusign Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1164700
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Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Anji Microelectronics Technology Shanghai Co. Ltd. 'A' CNY 8,559 435,152 0.01 Anker Innovations Technology Co. Ltd. 'A' CNH 13,830 213,529 Anker Innovations Technology Co. Ltd. 'A' CNY 5,850 90,356 APT Medical, Inc. 'A' CNY 5,079 136,070 Avary Holding Shenzhen Co. Ltd. 'A' CNH 89,500 1,400,064 0.02 AVIC Airborne Systems Co. Ltd. CNY 75,111 120,421 BAIC BluePark New Energy Technology Co. Ltd. 'A' CNH 85,500 61,486 BAIC BluePark New Energy Technology Co. Ltd. 'A' CNY 163,200 117,408 Baiyin Nonferrous Group Co. Ltd. 'A' CNY 289,200 216,480 Bank of Beijing Co. Ltd. 'A' CNH 820,500 592,220 0.01 Bank of Changsha Co. Ltd. 'A' CNH 145,100 186,235 Bank of Chengdu Co. Ltd. 'A' CNH 156,700 408,591 0.01 Bank of China Ltd. 'A' CNH 1,553,200 1,308,063 0.02 Bank of China Ltd. 'H' HKD 45,120,726 28,766,584 0.34 Bank of Communications Co. Ltd. 'A' CNH 2,159,100 2,045,098 0.02 Bank of Communications Co. Ltd. 'H' HKD 5,698,400 4,903,946 0.06 Bank of Hangzhou Co. Ltd. 'A' CNH 275,700 586,882 0.01 Bank of Jiangsu Co. Ltd. 'A' CNH 696,290 1,105,635 0.01 Bank of Jiangsu Co. Ltd. 'A' CNY 20,500 32,564 Bank of Nanjing Co. Ltd. 'A' CNH 482,900 703,516 0.01 Bank of Ningbo Co. Ltd. 'A' CNH 251,710 1,100,926 0.01 Bank of Ningbo Co. Ltd. 'A' CNY 6,200 27,128 Bank of Shanghai Co. Ltd. 'A' CNH 523,650 669,563 0.01 Bank of Shanghai Co. Ltd. 'A' CNY 25,500 32,618 Bank of Suzhou Co. Ltd. 'A' CNH 161,300 165,477 Baoshan Iron & Steel Co. Ltd. 'A' CNH 840,900 673,949 0.01 Beijing Compass Technology Development Co. Ltd. 'A' CNH 1,300 17,633 Beijing Compass Technology Development Co. Ltd. 'A' CNY 22,000 298,512 Beijing Enlight Media Co. Ltd. 'A' CNH 117,100 191,959 Beijing Kingsoft Office Software, Inc. 'A' CNH 16,977 539,051 0.01 Beijing Kingsoft Office Software, Inc. 'A' CNY 830 26,364 Beijing New Building Materials plc 'A' CNH 62,500 166,943 Beijing Tong Ren Tang Co. Ltd. 'A' CNH 49,500 168,716 Beijing Wantai Biological Pharmacy Enterprise Co. Ltd. 'A' CNH 39,030 155,358 Beijing-Shanghai High Speed Railway Co. Ltd. 'A' CNH 1,911,000 1,275,856 0.02 Biwin Storage Technology Co. Ltd. 'A' CNY 18,245 1,370,583 0.02 Bluefocus Intelligent Communications Group Co. Ltd. 'A' CNY 140,200 286,005 BOC International China Co. Ltd. 'A' CNH 102,700 191,997 -
Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets BOE Technology Group Co. Ltd. 'A' CNH 1,418,500 1,825,088 0.02 BYD Co. Ltd. 'A' CNH 219,900 2,581,803 0.03 BYD Co. Ltd. 'H' HKD 2,484,400 23,010,632 0.27 Caitong Securities Co. Ltd. 'A' CNH 190,550 243,518 Cambricon Technologies Corp. Ltd. 'A' CNY 19,205 4,548,160 0.05 Cambricon Technologies Corp. Ltd. 'A' CNH 6,221 1,472,783 0.02 Canmax Technologies Co. Ltd. 'A' CNH 33,600 463,457 0.01 CCOOP Group Co. Ltd. 'A' CNY 672,000 132,238 CGN Power Co. Ltd., 144A 'H' HKD 6,904,000 2,361,389 0.03 Changchun High-Tech Industry Group Co. Ltd. 'A' CNH 16,400 161,191 Changjiang Securities Co. Ltd. 'A' CNH 201,900 290,904 Changzhou Xingyu Automotive Lighting Systems Co. Ltd. 'A' CNH 10,600 141,839 Chaozhou Three-Circle Group Co. Ltd. 'A' CNH 74,900 1,863,518 0.02 Chengtun Mining Group Co. Ltd. 'A' CNY 120,700 196,548 Chifeng Jilong Gold Mining Group Ltd. 'A' CNY 58,900 228,426 Chifeng Jilong Gold Mining Group Ltd. 'A' CNH 3,300 12,793 China CITIC Bank Corp. Ltd. 'A' CNH 29,400 30,013 China CITIC Bank Corp. Ltd. 'A' CNY 450,100 459,666 0.01 China CITIC Bank Corp. Ltd. 'H' HKD 5,328,600 4,524,194 0.05 China Coal Energy Co. Ltd. 'H' HKD 1,246,424 1,558,401 0.02 China Construction Bank Corp. 'A' CNH 827,400 1,172,661 0.01 China Construction Bank Corp. 'H' HKD 56,754,186 58,482,742 0.69 China CSSC Holdings Ltd. 'A' CNH 289,700 1,445,513 0.02 China CSSC Holdings Ltd. 'A' CNY 4,200 20,965 China Eastern Airlines Corp. Ltd. 'A' CNH 670,100 379,797 China Energy Engineering Corp. Ltd. 'A' CNH 1,259,500 496,314 0.01 China Everbright Bank Co. Ltd. 'A' CNH 1,727,300 735,811 0.01 China Everbright Bank Co. Ltd. 'A' CNY 51,900 22,117 China Galaxy Securities Co. Ltd. 'A' CNH 264,900 491,742 0.01 China Galaxy Securities Co. Ltd. 'A' CNY 15,100 28,041 China Galaxy Securities Co. Ltd. 'H' HKD 2,365,000 2,228,633 0.03 China Great Wall Securities Co. Ltd. 'A' CNH 149,200 183,829 China Greatwall Technology Group Co. Ltd. 'A' CNH 112,100 320,433 China Greatwall Technology Group Co. Ltd. 'A' CNY 7,200 20,589 China International Capital Corp. Ltd. 'A' CNH 95,100 507,420 0.01 China International Capital Corp. Ltd. 'A' CNY 18,800 100,349 China International Capital Corp. Ltd., 144A 'H' HKD 1,177,200 3,166,056 0.04
Aviva Investors Société d’investissement à capital variable (SICAV)
gn Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1
Aviva Investors - GLOBAL EMERGING MARKETS INDEX FUND (CONTINUED) Portfolio of Investments and Other Net Assets as at 30 June 2026
The accompanying notes form an integral part of these financial statements. avivainvestors.com | Semi-annual report and unaudited financial statements 39
Aviva Investors Société d’investissement à capital variable (SICAV)
Docusign Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1164700
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Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets China Jushi Co. Ltd. 'A' CNH 156,323 1,694,308 0.02 China Life Insurance Co. Ltd. 'A' CNH 103,000 536,289 0.01 China Life Insurance Co. Ltd. 'A' CNY 5,100 26,564 China Life Insurance Co. Ltd. 'H' HKD 5,018,866 17,170,913 0.20 China Longyuan Power Group Corp. Ltd. 'H' HKD 1,620,000 1,034,998 0.01 China Merchants Bank Co. Ltd. 'A' CNH 834,800 4,365,354 0.05 China Merchants Bank Co. Ltd. 'H' HKD 2,554,559 14,665,327 0.17 China Merchants Energy Shipping Co. Ltd. 'A' CNH 318,500 824,327 0.01 China Merchants Expressway Network & Technology Holdings Co. Ltd. 'A' CNH 110,300 148,792 China Merchants Expressway Network & Technology Holdings Co. Ltd. 'A' CNY 99,900 134,814 China Merchants Securities Co. Ltd. 'A' CNH 286,880 894,659 0.01 China Merchants Shekou Industrial Zone Holdings Co. Ltd. 'A' CNH 352,200 334,335 China Minsheng Banking Corp. Ltd. 'A' CNH 1,364,800 647,353 0.01 China Minsheng Banking Corp. Ltd. 'H' HKD 4,489,447 1,800,186 0.02 China National Building Material Co. Ltd. 'H' HKD 2,419,276 1,660,339 0.02 China National Chemical Engineering Co. Ltd. 'A' CNH 225,900 245,312 China National Nuclear Power Co. Ltd. 'A' CNH 240,200 319,521 China National Nuclear Power Co. Ltd. 'A' CNY 545,000 725,253 0.01 China National Software & Service Co. Ltd. 'A' CNH 34,730 144,545 China Northern Rare Earth Group High-Tech Co. Ltd. 'A' CNH 141,200 1,002,813 0.01 China Oilfield Services Ltd. 'H' HKD 1,178,994 936,383 0.01 China Pacific Insurance Group Co. Ltd. 'A' CNH 260,900 1,095,834 0.01 China Pacific Insurance Group Co. Ltd. 'A' CNY 6,500 27,312 China Pacific Insurance Group Co. Ltd. 'H' HKD 1,778,270 6,113,825 0.07 China Petroleum & Chemical Corp. 'A' CNH 1,197,700 782,655 0.01 China Petroleum & Chemical Corp. 'A' CNY 41,300 26,998 China Petroleum & Chemical Corp. 'H' HKD 15,238,669 7,779,032 0.09 China Railway Group Ltd. 'A' CNH 798,600 492,106 0.01 China Railway Group Ltd. 'H' HKD 2,739,000 1,159,826 0.01 China Rare Earth Resources And Technology Co. Ltd. 'A' CNH 42,634 350,010 China Resources Sanjiu Medical & Pharmaceutical Co. Ltd. 'A' CNH 14,558 48,175 China Resources Sanjiu Medical & Pharmaceutical Co. Ltd. 'A' CNY 47,151 156,089 -
Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets China Shenhua Energy Co. Ltd. 'A' CNH 251,400 1,440,402 0.02 China Shenhua Energy Co. Ltd. 'A' CNY 6,200 35,537 China Shenhua Energy Co. Ltd. 'H' HKD 2,278,018 11,652,450 0.14 China Southern Airlines Co. Ltd. 'A' CNH 438,700 336,862 China State Construction Engineering Corp. Ltd. 'A' CNH 1,569,900 1,004,502 0.01 China State Construction Engineering Corp. Ltd. 'A' CNY 44,000 28,164 China Three Gorges Renewables Group Co. Ltd. 'A' CNH 1,108,400 606,007 0.01 China Tourism Group Duty Free Corp. Ltd. 'A' CNH 71,800 569,069 0.01 China Tourism Group Duty Free Corp. Ltd. 'A' CNY 3,500 27,751 China Tower Corp. Ltd., 144A 'H' HKD 2,989,980 3,365,505 0.04 China Tungsten And Hightech Materials Co. Ltd. 'A' CNY 88,999 1,263,504 0.02 China United Network Communications Ltd. 'A' CNH 1,146,700 676,531 0.01 China United Network Communications Ltd. 'A' CNY 48,700 28,743 China Vanke Co. Ltd. 'A' CNH 382,400 167,085 China XD Electric Co. Ltd. 'A' CNH 200,500 443,198 0.01 China Yangtze Power Co. Ltd. 'A' CNH 990,200 3,861,251 0.05 China Zheshang Bank Co. Ltd. 'A' CNH 848,900 328,961 Chongqing Afari Technology Co. Ltd. 'A' CNY 172,800 208,671 Chongqing Changan Automobile Co. Ltd. 'A' CNH 308,088 325,399 Chongqing Changan Automobile Co. Ltd. 'A' CNY 15,400 16,272 Chongqing Rural Commercial Bank Co. Ltd. 'A' CNH 327,000 294,332 Chongqing Rural Commercial Bank Co. Ltd. 'H' HKD 1,473,000 1,085,982 0.01 Chongqing Zhifei Biological Products Co. Ltd. 'A' CNH 88,550 152,814 CICT Mobile Communication Technology Co. Ltd. 'A' CNY 133,531 392,995 Citic Pacific Special Steel Group Co. Ltd. 'A' CNH 10,000 18,635 Citic Pacific Special Steel Group Co. Ltd. 'A' CNY 121,400 226,320 CITIC Securities Co. Ltd. 'A' CNH 486,150 2,057,465 0.02 CITIC Securities Co. Ltd. 'A' CNY 7,600 32,177 CITIC Securities Co. Ltd. 'H' HKD 1,060,302 3,702,962 0.04 CMOC Group Ltd. 'A' CNH 706,600 1,839,837 0.02 CMOC Group Ltd. 'H' HKD 2,432,000 4,749,010 0.06 CNGR Advanced Material Co. Ltd. 'A' CNH 37,440 242,373 CNPC Capital Co. Ltd. 'A' CNY 185,000 179,679 CNPC Capital Co. Ltd. 'A' CNH 128,400 124,659 Contemporary Amperex Technology Co. Ltd. 'A' CNH 177,980 10,343,780 0.12 Contemporary Amperex Technology Co. Ltd. 'A' CNY 400 23,256 Contemporary Amperex Technology Co. Ltd. 'H' HKD 117,800 10,604,098 0.13
Aviva Investors Société d’investissement à capital variable (SICAV)
gn Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1
Aviva Investors - GLOBAL EMERGING MARKETS INDEX FUND (CONTINUED) Portfolio of Investments and Other Net Assets as at 30 June 2026
The accompanying notes form an integral part of these financial statements. avivainvestors.com | Semi-annual report and unaudited financial statements 40
Aviva Investors Société d’investissement à capital variable (SICAV)
Docusign Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1164700
Page 41
Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets COSCO SHIPPING Energy Transportation Co. Ltd. 'A' CNH 159,400 421,234 0.01 COSCO SHIPPING Energy Transportation Co. Ltd. 'H' HKD 808,000 1,434,402 0.02 COSCO SHIPPING Holdings Co. Ltd. 'A' CNH 483,340 944,140 0.01 COSCO SHIPPING Holdings Co. Ltd. 'H' HKD 1,687,400 2,801,617 0.03 CRRC Corp. Ltd. 'A' CNH 928,900 712,835 0.01 CRRC Corp. Ltd. 'H' HKD 2,845,000 1,631,820 0.02 CSC Financial Co. Ltd. 'A' CNH 160,100 685,983 0.01 CSC Financial Co. Ltd. 'A' CNY 8,100 34,720 CSI Solar Co. Ltd. 'A' CNH 16,605 26,467 CSI Solar Co. Ltd. 'A' CNY 130,486 208,061 CSPC Innovation Pharmaceutical Co. Ltd. 'A' CNH 51,980 208,895 Dajin Heavy Industry Co. Ltd. 'A' CNH 25,800 221,029 Daqin Railway Co. Ltd. 'A' CNH 744,300 505,559 0.01 Daqin Railway Co. Ltd. 'A' CNY 36,700 24,938 Datang International Power Generation Co. Ltd. 'A' CNH 458,400 478,067 0.01 Dazhong Mining Co. Ltd. 'A' CNY 62,000 274,151 Delton Technology Guangzhou, Inc. 'A' CNY 14,400 507,853 0.01 Dongfang Electric Corp. Ltd. 'A' CNH 121,400 517,874 0.01 Dongxing Securities Co. Ltd. 'A' CNH 117,300 234,997 Dosilicon Co. Ltd. 'A' CNY 17,274 523,078 0.01 East Money Information Co. Ltd. 'A' CNH 630,000 1,897,205 0.02 East Money Information Co. Ltd. 'A' CNY 9,600 28,921 Eastroc Beverage Group Co. Ltd. 'A' CNY 13,182 240,081 Eastroc Beverage Group Co. Ltd. 'A' CNH 12,909 235,018 Ecovacs Robotics Co. Ltd. 'A' CNH 21,300 159,725 Empyrean Technology Co. Ltd. 'A' CNH 22,000 390,128 ENN Natural Gas Co. Ltd. 'A' CNH 95,400 220,957 Eoptolink Technology, Inc. Ltd. 'A' CNH 56,336 5,083,993 0.06 Eve Energy Co. Ltd. 'A' CNH 81,017 778,759 0.01 Everbright Securities Co. Ltd. 'A' CNH 152,800 325,396 EverProX Technologies Co. Ltd. 'A' CNY 11,800 488,525 0.01 Fiberhome Telecommunication Technologies Co. Ltd. 'A' CNH 55,000 600,838 0.01 Focus Media Information Technology Co. Ltd. 'A' CNH 559,800 399,930 0.01 Foshan Haitian Flavouring & Food Co. Ltd. 'A' CNH 176,992 864,023 0.01 Founder Securities Co. Ltd. 'A' CNH 63,400 67,389 Founder Securities Co. Ltd. 'A' CNY 241,000 256,261 Founder Technology Group Corp. 'A' CNY 166,900 342,681 Foxconn Industrial Internet Co. Ltd. 'A' CNH 428,300 4,634,922 0.06 Fuyao Glass Industry Group Co. Ltd. 'A' CNH 73,400 546,703 0.01
Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Fuyao Glass Industry Group Co. Ltd. 'A' CNY 3,700 27,569 Fuyao Glass Industry Group Co. Ltd., 144A 'H' HKD 409,200 2,679,445 0.03 Ganfeng Lithium Group Co. Ltd. 'A' CNH 58,520 565,304 0.01 Ganfeng Lithium Group Co. Ltd. 'A' CNY 4,900 47,352 Ganfeng Lithium Group Co. Ltd., 144A 'H' HKD 325,800 2,101,358 0.03 GD Power Development Co. Ltd. 'A' CNH 659,600 454,290 0.01 GEM Co. Ltd. 'A' CNH 164,800 161,118 GEM Co. Ltd. 'A' CNY 24,800 24,255 Geovis Technology Co. Ltd. 'A' CNY 31,562 193,722 GF Securities Co. Ltd. 'A' CNH 216,300 747,694 0.01 GF Securities Co. Ltd. 'A' CNY 11,400 39,422 GF Securities Co. Ltd. 'H' HKD 735,800 1,601,475 0.02 Giant Network Group Co. Ltd. 'A' CNH 75,900 309,445 GigaDevice Semiconductor, Inc. 'A' CNH 27,032 3,324,519 0.04 GoerTek, Inc. 'A' CNH 135,000 452,563 0.01 Goldwind Science & Technology Co. Ltd. 'A' CNH 134,800 476,365 0.01 Gotion High-tech Co. Ltd. 'A' CNH 70,900 288,337 Great Wall Motor Co. Ltd. 'H' HKD 1,563,950 1,761,530 0.02 Gree Electric Appliances, Inc. of Zhuhai 'A' CNH 27,600 152,609 Gree Electric Appliances, Inc. of Zhuhai 'A' CNY 81,400 450,257 0.01 Guangdong Haid Group Co. Ltd. 'A' CNH 64,900 426,497 0.01 Guangdong HEC Technology Holding Co. Ltd. 'A' CNH 115,100 574,010 0.01 Guangzhou Automobile Group Co. Ltd. 'A' CNH 227,800 170,756 Guangzhou Haige Communications Group, Inc. Co. 'A' CNH 96,900 182,944 Guangzhou Tinci Materials Technology Co. Ltd. 'A' CNH 79,460 604,049 0.01 Guobo Electronics Co. Ltd. 'A' CNY 15,520 239,743 Guocheng Mining Co. Ltd. 'A' CNY 48,000 242,885 Guolian Minsheng Securities Co. Ltd. 'A' CNH 204,600 266,912 Guosen Securities Co. Ltd. 'A' CNH 266,661 393,746 0.01 Guotai Haitong Securities Co. Ltd. CNH 640,570 1,721,044 0.02 Guotai Haitong Securities Co. Ltd., 144A 'H' HKD 1,537,032 2,918,091 0.03 Guoyuan Securities Co. Ltd. 'A' CNH 161,400 178,608 Haier Smart Home Co. Ltd. 'A' CNH 304,900 918,691 0.01 Haier Smart Home Co. Ltd. 'H' HKD 1,579,000 4,040,735 0.05 Hainan Airlines Holding Co. Ltd. 'A' CNY 1,349,700 270,117 Hainan Airlines Holding Co. Ltd. 'A' CNH 337,900 67,598 Hainan Airport Infrastructure Co. Ltd. 'A' CNY 187,700 75,977 Hainan Airport Infrastructure Co. Ltd. 'A' CNH 242,900 98,284 Haisco Pharmaceutical Group Co. Ltd. 'A' CNY 33,700 329,990 -
Aviva Investors Société d’investissement à capital variable (SICAV)
gn Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1
Aviva Investors - GLOBAL EMERGING MARKETS INDEX FUND (CONTINUED) Portfolio of Investments and Other Net Assets as at 30 June 2026
The accompanying notes form an integral part of these financial statements. avivainvestors.com | Semi-annual report and unaudited financial statements 41
Aviva Investors Société d’investissement à capital variable (SICAV)
Docusign Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1164700
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Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Hangzhou Chang Chuan Technology Co. Ltd. 'A' CNH 25,700 1,304,713 0.02 Hangzhou First Applied Material Co. Ltd. 'A' CNH 94,396 235,148 Hangzhou Silan Microelectronics Co. Ltd. 'A' CNH 61,500 503,159 0.01 Hangzhou Tigermed Consulting Co. Ltd. 'A' CNH 13,700 97,123 Hebei Changshan Biochemical Pharmaceutical Co. Ltd. 'A' CNY 35,800 123,752 Henan Shenhuo Coal Industry & Electricity Power Co. Ltd. 'A' CNH 87,800 273,920 Henan Shijia Photons Technology Co. Ltd. 'A' CNY 18,291 503,411 0.01 Henan Shuanghui Investment & Development Co. Ltd. 'A' CNH 135,300 446,511 0.01 Hengli Petrochemical Co. Ltd. 'A' CNH 258,160 674,652 0.01 Hengli Petrochemical Co. Ltd. 'A' CNY 14,800 38,692 Hengtong Optic-electric Co. Ltd. 'A' CNH 96,300 1,566,569 0.02 Hgtech Co. Ltd. 'A' CNH 39,300 1,086,420 0.01 Hithink RoyalFlush Information Network Co. Ltd. 'A' CNH 29,400 1,048,090 0.01 Hoshine Silicon Industry Co. Ltd. 'A' CNH 37,500 266,591 Huadian Power International Corp. Ltd. 'A' CNH 376,300 247,066 Huadong Medicine Co. Ltd. 'A' CNH 76,640 316,805 Huafon Chemical Co. Ltd. 'A' CNH 183,500 256,872 Huaneng Power International, Inc. 'A' CNH 384,500 429,263 0.01 Huaneng Power International, Inc. 'H' HKD 2,753,843 1,920,353 0.02 Huaqin Co. Ltd. 'A' CNY 40,040 445,728 0.01 Huaqin Co. Ltd. 'A' CNH 5,040 56,084 Huatai Securities Co. Ltd. 'A' CNH 340,400 1,036,928 0.01 Huatai Securities Co. Ltd. 'A' CNY 13,100 39,921 Huatai Securities Co. Ltd., 144A 'H' HKD 895,200 1,911,895 0.02 Huaxia Bank Co. Ltd. 'A' CNH 518,000 487,559 0.01 Huayu Automotive Systems Co. Ltd. 'A' CNH 116,600 266,468 Hubei Feilihua Quartz Glass Co. Ltd. 'A' CNH 21,100 419,236 0.01 Huizhou Desay Sv Automotive Co. Ltd. 'A' CNH 23,300 281,009 Hunan Valin Steel Co. Ltd. 'A' CNH 255,500 130,977 Hunan Yuneng New Energy Battery Material Co. Ltd. 'A' CNY 34,100 382,372 Hundsun Technologies, Inc. 'A' CNH 69,981 220,243 Hwatsing Technology Co. Ltd. 'A' CNH 19,324 924,255 0.01 Hygon Information Technology Co. Ltd. 'A' CNH 92,042 5,095,371 0.06 Hygon Information Technology Co. Ltd. 'A' CNY 2,020 111,868 IEIT Systems Co. Ltd. 'A' CNH 57,432 599,992 0.01 Iflytek Co. Ltd. 'A' CNH 85,200 514,560 0.01 Iflytek Co. Ltd. 'A' CNY 4,300 25,980 -
Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Imeik Technology Development Co. Ltd. 'A' CNH 11,220 143,704 Industrial & Commercial Bank of China Ltd. 'A' CNH 2,516,500 2,619,258 0.03 Industrial & Commercial Bank of China Ltd. 'A' CNY 29,300 30,508 Industrial & Commercial Bank of China Ltd. 'H' HKD 43,905,132 36,034,903 0.43 Industrial Bank Co. Ltd. 'A' CNH 856,400 2,089,033 0.03 Industrial Securities Co. Ltd. 'A' CNH 287,900 256,886 Industrial Securities Co. Ltd. 'A' CNY 31,500 28,117 Ingenic Semiconductor Co. Ltd. 'A' CNH 19,500 722,808 0.01 Inner Mongolia BaoTou Steel Union Co. Ltd. 'A' CNH 1,766,300 582,415 0.01 Inner Mongolia Dian Tou Energy Corp. Ltd. 'A' CNH 87,600 298,351 Inner Mongolia Junzheng Energy & Chemical Industry Group Co. Ltd. 'A' CNH 312,700 205,446 Inner Mongolia Xingye Silver&Tin Mining Co. Ltd. 'A' CNY 67,800 332,893 Inner Mongolia Yili Industrial Group Co. Ltd. 'A' CNH 243,300 859,465 0.01 Inner Mongolia Yitai Coal Co. Ltd. 'B' USD 605,100 1,596,859 0.02 Isoftstone Information Technology Group Co. Ltd. 'A' CNY 27,900 175,235 Isoftstone Information Technology Group Co. Ltd. 'A' CNH 7,300 45,832 JA Solar Technology Co. Ltd. 'A' CNH 134,496 161,103 JCET Group Co. Ltd. 'A' CNH 69,900 1,086,259 0.01 Jiangsu Eastern Shenghong Co. Ltd. 'A' CNH 258,200 435,328 0.01 Jiangsu Etern Co. Ltd. 'A' CNY 59,200 594,427 0.01 Jiangsu Hengli Hydraulic Co. Ltd. 'A' CNH 51,836 826,587 0.01 Jiangsu Hengrui Pharmaceuticals Co. Ltd. 'A' CNH 249,133 1,914,222 0.02 Jiangsu Yanghe Distillery Co. Ltd. 'A' CNH 58,900 330,807 Jiangsu Zhongtian Technology Co. Ltd. 'A' CNH 134,800 1,216,641 0.01 Jiangxi Copper Co. Ltd. 'A' CNH 81,100 522,050 0.01 Jiangxi Copper Co. Ltd. 'H' HKD 701,864 2,787,167 0.03 Jinduicheng Molybdenum Co. Ltd. 'A' CNY 122,000 509,790 0.01 Jinko Solar Co. Ltd. 'A' CNH 380,084 266,835 Jinko Solar Co. Ltd. 'A' CNY 195,160 137,063 JL Mag Rare-Earth Co. Ltd. 'A' CNY 43,600 198,953 Kangmei Pharmaceutical Co. Ltd. CNY 3,343 591 Kingfa Sci & Tech Co. Ltd. 'A' CNY 100,800 229,402 Kingnet Network Co. Ltd. 'A' CNH 81,700 196,365 Kuang-Chi Technologies Co. Ltd. 'A' CNH 84,100 376,977 Kunlun Tech Co. Ltd. 'A' CNY 35,000 209,940 Kunlun Tech Co. Ltd. 'A' CNH 14,000 83,944 Kweichow Moutai Co. Ltd. 'A' CNH 50,500 8,810,425 0.10 Kweichow Moutai Co. Ltd. 'A' CNY 200 34,906 Laopu Gold Co. Ltd. 'H' HKD 26,600 1,184,114 0.01
Aviva Investors Société d’investissement à capital variable (SICAV)
gn Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1
Aviva Investors - GLOBAL EMERGING MARKETS INDEX FUND (CONTINUED) Portfolio of Investments and Other Net Assets as at 30 June 2026
The accompanying notes form an integral part of these financial statements. avivainvestors.com | Semi-annual report and unaudited financial statements 42
Aviva Investors Société d’investissement à capital variable (SICAV)
Docusign Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1164700
Page 43
Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets LB Group Co. Ltd. 'A' CNH 86,100 209,453 Lens Technology Co. Ltd. 'A' CNH 190,900 1,519,654 0.02 Leo Group Co. Ltd. 'A' CNY 264,500 186,091 Lingyi iTech Guangdong Co. 'A' CNH 284,300 730,580 0.01 LONGi Green Energy Technology Co. Ltd. 'A' CNH 278,520 539,223 0.01 LONGi Green Energy Technology Co. Ltd. 'A' CNY 13,900 26,921 Loongson Technology Corp. Ltd. 'A' CNY 12,358 285,838 Loongson Technology Corp. Ltd. 'A' CNH 2,892 66,866 Luxshare Precision Industry Co. Ltd. 'A' CNH 286,868 3,026,696 0.04 Luxshare Precision Industry Co. Ltd. 'A' CNY 8,000 84,439 Luzhou Laojiao Co. Ltd. 'A' CNH 57,500 656,698 0.01 Mango Excellent Media Co. Ltd. 'A' CNH 72,360 156,631 Maxscend Microelectronics Co. Ltd. 'A' CNH 22,052 358,297 Maxscend Microelectronics Co. Ltd. 'A' CNY 1,200 19,505 Metallurgical Corp. of China Ltd. 'A' CNH 660,200 237,682 Midea Group Co. Ltd. 'A' CNH 152,400 1,694,915 0.02 Midea Group Co. Ltd. 'H' HKD 285,300 3,012,764 0.04 Montage Technology Co. Ltd. 'A' CNH 46,394 2,175,705 0.03 Muyuan Foods Group Co. Ltd. 'A' CNH 209,038 1,078,204 0.01 Muyuan Foods Group Co. Ltd. 'A' CNY 4,300 22,188 NARI Technology Co. Ltd. 'A' CNH 313,745 1,058,037 0.01 National Silicon Industry Group Co. Ltd. 'A' CNY 79,970 476,579 0.01 National Silicon Industry Group Co. Ltd. 'A' CNH 49,119 292,611 NAURA Technology Group Co. Ltd. 'A' CNH 2,800 367,173 NAURA Technology Group Co. Ltd. 'A' CNY 26,520 3,478,984 0.04 New China Life Insurance Co. Ltd. 'A' CNH 80,600 708,204 0.01 New China Life Insurance Co. Ltd. 'H' HKD 627,729 3,701,781 0.04 New Hope Liuhe Co. Ltd. 'A' CNH 161,900 149,735 Nexchip Semiconductor Corp. 'A' CNH 6,357 56,212 Nexchip Semiconductor Corp. 'A' CNY 70,975 627,836 0.01 Ningbo Deye Technology Corp. 'A' CNH 49,679 777,923 0.01 Ningbo Orient Wires & Cables Co. Ltd. 'A' CNH 29,760 181,978 Ningbo Sanxing Medical Electric Co. Ltd. 'A' CNH 52,200 114,877 Ningbo Tuopu Group Co. Ltd. 'A' CNH 66,970 559,050 0.01 Ningxia Baofeng Energy Group Co. Ltd. 'A' CNH 267,000 790,163 0.01 Ningxia Baofeng Energy Group Co. Ltd. 'A' CNY 16,700 49,441 -
Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Nongfu Spring Co. Ltd., 144A 'H' HKD 1,188,600 6,033,779 0.07 OmniVision Integrated Circuits Group, Inc. CNH 45,005 632,662 0.01 OmniVision Integrated Circuits Group, Inc. CNY 1,500 21,094 Orient Securities Co. Ltd. 'A' CNH 361,400 503,711 0.01 People's Insurance Co. Group of China Ltd. (The) 'A' CNH 368,900 367,292 People's Insurance Co. Group of China Ltd. (The) 'H' HKD 5,886,000 3,532,331 0.04 PetroChina Co. Ltd. 'A' CNH 369,600 467,849 0.01 PetroChina Co. Ltd. 'A' CNY 635,100 804,234 0.01 PetroChina Co. Ltd. 'H' HKD 14,230,624 15,323,391 0.18 Pharmaron Beijing Co. Ltd. 'A' CNH 53,425 227,683 PICC Property & Casualty Co. Ltd. 'H' HKD 4,653,216 8,538,935 0.10 Ping An Bank Co. Ltd. 'A' CNH 147,700 218,667 Ping An Bank Co. Ltd. 'A' CNY 610,300 903,884 0.01 Ping An Insurance Group Co. of China Ltd. 'A' CNH 419,100 2,954,203 0.04 Ping An Insurance Group Co. of China Ltd. 'A' CNY 12,300 86,735 Ping An Insurance Group Co. of China Ltd. 'H' HKD 4,395,286 28,745,982 0.34 Piotech, Inc. 'A' CNY 8,104 1,043,194 0.01 Piotech, Inc. 'A' CNH 2,924 376,180 Postal Savings Bank of China Co. Ltd. 'A' CNH 1,148,900 834,309 0.01 Postal Savings Bank of China Co. Ltd., 144A 'H' HKD 5,817,000 3,396,429 0.04 Power Construction Corp. of China Ltd. 'A' CNH 639,600 442,826 0.01 Power Construction Corp. of China Ltd. 'A' CNY 20,400 14,129 Qinghai Salt Lake Industry Co. Ltd. 'A' CNH 206,300 920,072 0.01 QuantumCTek Co. Ltd. 'A' CNY 4,018 301,161 Range Intelligent Computing Technology Group Co. Ltd. 'A' CNH 66,100 814,201 0.01 Raytron Technology Co. Ltd. 'A' CNH 18,788 432,621 0.01 Remegen Co. Ltd. 'A' CNY 14,403 275,473 Remegen Co. Ltd., 144A 'H' HKD 122,203 1,162,943 0.01 RoboTechnik Intelligent Technology Co. Ltd. 'A' CNY 6,525 601,775 0.01 Rockchip Electronics Co. Ltd. 'A' CNH 16,500 463,578 0.01 Rongsheng Petrochemical Co. Ltd. 'A' CNH 396,850 628,467 0.01 SAIC Motor Corp. Ltd. 'A' CNH 319,800 460,526 0.01 SAIC Motor Corp. Ltd. 'A' CNY 13,600 19,592 Sailun Group Co. Ltd. 'A' CNH 118,700 202,574 Sanan Optoelectronics Co. Ltd. 'A' CNY 146,100 460,994 0.01 Sanan Optoelectronics Co. Ltd. 'A' CNH 48,800 153,921 Sangfor Technologies, Inc. 'A' CNH 16,400 235,584 Sany Heavy Industry Co. Ltd. 'A' CNH 323,300 825,944 0.01 Sany Heavy Industry Co. Ltd. 'A' CNY 7,700 19,679 Satellite Chemical Co. Ltd. 'A' CNH 131,545 452,320 0.01 SDIC Capital Co. Ltd. 'A' CNH 237,800 229,894 -
Aviva Investors Société d’investissement à capital variable (SICAV)
gn Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1
Aviva Investors - GLOBAL EMERGING MARKETS INDEX FUND (CONTINUED) Portfolio of Investments and Other Net Assets as at 30 June 2026
The accompanying notes form an integral part of these financial statements. avivainvestors.com | Semi-annual report and unaudited financial statements 43
Aviva Investors Société d’investissement à capital variable (SICAV)
Docusign Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1164700
Page 44
Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets SDIC Power Holdings Co. Ltd. 'A' CNY 218,200 428,193 0.01 SDIC Power Holdings Co. Ltd. 'A' CNH 94,200 184,786 Seres Group Co. Ltd. 'A' CNY 44,100 398,047 0.01 Seres Group Co. Ltd. 'A' CNH 35,300 318,496 SF Holding Co. Ltd. 'A' CNH 183,600 846,982 0.01 SG Micro Corp. 'A' CNH 22,925 490,112 0.01 Shaanxi Coal Industry Co. Ltd. 'A' CNH 369,500 1,102,155 0.01 Shaanxi Coal Industry Co. Ltd. 'A' CNY 9,200 27,453 Shandong Gold Mining Co. Ltd. 'A' CNH 139,156 474,330 0.01 Shandong Gold Mining Co. Ltd., 144A 'H' HKD 615,750 1,316,253 0.02 Shandong Himile Mechanical Science & Technology Co. Ltd. 'A' CNY 41,905 288,698 Shandong Himile Mechanical Science & Technology Co. Ltd. 'A' CNH 3,335 22,967 Shandong Hongqiao Aluminum Industry Holding Co. Ltd. 'A' CNY 118,700 259,373 Shandong Hualu Hengsheng Chemical Co. Ltd. 'A' CNH 84,790 297,544 Shandong Nanshan Aluminum Co. Ltd. 'A' CNH 448,500 264,345 Shandong Sun Paper Industry JSC Ltd. 'A' CNH 103,300 190,628 Shanghai Allist Pharmaceuticals Co. Ltd. 'A' CNY 17,113 275,911 Shanghai Baosight Software Co. Ltd. 'A' CNH 79,892 196,324 Shanghai BOCHU Electronic Technology Corp. Ltd. 'A' CNH 14,892 236,009 Shanghai Electric Group Co. Ltd. 'A' CNH 479,300 495,712 0.01 Shanghai Electric Group Co. Ltd. 'A' CNY 11,900 12,312 Shanghai Electric Power Co. Ltd. 'A' CNH 107,900 239,532 Shanghai Fosun Pharmaceutical Group Co. Ltd. 'A' CNH 78,400 260,013 Shanghai International Airport Co. Ltd. 'A' CNH 44,900 153,091 Shanghai Pharmaceuticals Holding Co. Ltd. 'A' CNH 96,900 219,753 Shanghai Pharmaceuticals Holding Co. Ltd. 'A' CNY 6,300 14,293 Shanghai Pudong Development Bank Co. Ltd. 'A' CNH 1,318,200 1,672,320 0.02 Shanghai Pudong Development Bank Co. Ltd. 'A' CNY 29,600 37,566 Shanghai Putailai New Energy Technology Group Co. Ltd. CNH 80,506 344,220 Shanghai RAAS Blood Products Co. Ltd. 'A' CNH 239,500 153,281 Shanghai Rural Commercial Bank Co. Ltd. 'A' CNH 103,400 114,101 Shanghai Rural Commercial Bank Co. Ltd. 'A' CNY 273,300 301,700 Shanghai Stonehill Technology Co. Ltd. 'A' CNY 221,500 214,607 -
Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Shanghai United Imaging Healthcare Co. Ltd. 'A' CNH 30,376 453,979 0.01 Shanghai United Imaging Healthcare Co. Ltd. 'A' CNY 1,550 23,174 Shanghai Zhangjiang HighTech Park Development Co. Ltd. 'A' CNH 60,700 334,690 Shanjin International Gold Co. Ltd. 'A' CNH 96,000 240,386 Shanjin International Gold Co. Ltd. 'A' CNY 12,500 31,312 Shannon Semiconductor Technology Co. Ltd. 'A' CNY 18,100 821,621 0.01 Shanxi Coking Coal Energy Group Co. Ltd. 'A' CNH 204,900 174,401 Shanxi Lu'an Environmental Energy Development Co. Ltd. 'A' CNH 108,000 226,235 Shanxi Xinghuacun Fen Wine Factory Co. Ltd. 'A' CNH 46,400 747,230 0.01 Shanxi Xinghuacun Fen Wine Factory Co. Ltd. 'A' CNY 1,200 19,332 Sharetronic Data Technology Co. Ltd. 'A' CNY 18,480 935,728 0.01 Shenergy Co. Ltd. 'A' CNH 175,800 226,080 Shengyi Electronics Co. Ltd. 'A' CNH 26,505 524,847 0.01 Shengyi Technology Co. Ltd. 'A' CNH 98,300 2,531,426 0.03 Shennan Circuits Co. Ltd. 'A' CNH 27,550 1,878,924 0.02 Shenwan Hongyuan Group Co. Ltd. 'A' CNH 873,500 567,524 0.01 Shenzhen Envicool Technology Co. Ltd. 'A' CNY 48,100 568,333 0.01 Shenzhen Everwin Precision Technology Co. Ltd. 'A' CNY 51,900 215,988 Shenzhen Inovance Technology Co. Ltd. 'A' CNH 52,450 514,870 0.01 Shenzhen Kedali Industry Co. Ltd. 'A' CNH 11,200 312,324 Shenzhen Kinwong Electronic Co. Ltd. 'A' CNH 2,800 30,064 Shenzhen Kinwong Electronic Co. Ltd. 'A' CNY 35,677 383,212 Shenzhen Longsys Electronics Co. Ltd. 'A' CNH 3,600 383,344 Shenzhen Longsys Electronics Co. Ltd. 'A' CNY 13,300 1,416,785 0.02 Shenzhen Megmeet Electrical Co. Ltd. 'A' CNY 22,600 562,024 0.01 Shenzhen Mindray BioMedical Electronics Co. Ltd. 'A' CNH 47,400 949,963 0.01 Shenzhen New Industries Biomedical Engineering Co. Ltd. 'A' CNH 31,600 195,825 Shenzhen Salubris Pharmaceuticals Co. Ltd. 'A' CNH 43,900 206,224 Shenzhen Sunway Communication Co. Ltd. 'A' CNY 37,800 672,342 0.01 Shenzhen Techwinsemi Technology Co. Ltd. 'A' CNY 8,862 1,269,342 0.02 Shenzhen Transsion Holdings Co. Ltd. 'A' CNH 44,401 388,000 Sichuan Biokin Pharmaceutical Co. Ltd. 'A' CNH 10,025 432,935 0.01
Aviva Investors Société d’investissement à capital variable (SICAV)
gn Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1
Aviva Investors - GLOBAL EMERGING MARKETS INDEX FUND (CONTINUED) Portfolio of Investments and Other Net Assets as at 30 June 2026
The accompanying notes form an integral part of these financial statements. avivainvestors.com | Semi-annual report and unaudited financial statements 44
Aviva Investors Société d’investissement à capital variable (SICAV)
Docusign Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1164700
Page 45
Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Sichuan Changhong Electric Co. Ltd. 'A' CNH 171,100 176,589 Sichuan Chuantou Energy Co. Ltd. 'A' CNH 180,300 376,248 Sichuan Huafeng Technology Co. Ltd. 'A' CNH 18,656 521,347 0.01 Sichuan Kelun Pharmaceutical Co. Ltd. 'A' CNH 63,600 360,348 Sichuan Kelun-Biotech Biopharmaceutical Co. Ltd. 'H' HKD 37,500 2,091,886 0.03 Sichuan Road and Bridge Group Co. Ltd. 'A' CNY 209,860 242,481 Sichuan Road and Bridge Group Co. Ltd. 'A' CNH 66,200 76,461 Sinoma Science & Technology Co. Ltd. 'A' CNH 64,200 858,949 0.01 Sinomine Resource Group Co. Ltd. 'A' CNH 28,200 245,081 Sinopharm Group Co. Ltd. 'H' HKD 905,200 1,839,326 0.02 Skyverse Technology Co. Ltd. 'A' CNY 13,677 872,631 0.01 SooChow Securities Co. Ltd. 'A' CNH 199,890 233,696 Spring Airlines Co. Ltd. 'A' CNH 6,800 45,993 Spring Airlines Co. Ltd. 'A' CNY 28,700 194,191 Sungrow Power Supply Co. Ltd. 'A' CNH 81,000 1,897,497 0.02 Sunwoda Electronic Co. Ltd. 'A' CNH 68,300 191,720 SUPCON Technology Co. Ltd. 'A' CNH 29,237 508,597 0.01 Suzhou Centec Communications Co. Ltd. 'A' CNH 10,508 610,135 0.01 Suzhou Dongshan Precision Manufacturing Co. Ltd. 'A' CNH 74,100 2,898,519 0.03 Suzhou Everbright Photonics Co. Ltd. 'A' CNY 7,134 542,019 0.01 Suzhou Maxwell Technologies Co. Ltd. 'A' CNH 10,900 455,940 0.01 Suzhou TFC Optical Communication Co. Ltd. 'A' CNH 42,621 1,915,686 0.02 TBEA Co. Ltd. 'A' CNH 54,900 182,553 TBEA Co. Ltd. 'A' CNY 142,480 473,956 0.01 TCL Technology Group Corp. 'A' CNH 791,000 682,571 0.01 TCL Zhonghuan Renewable Energy Technology Co. Ltd. 'A' CNH 146,250 259,934 Tianfeng Securities Co. Ltd. 'A' CNH 375,100 186,713 Tianqi Lithium Corp. 'A' CNH 13,900 125,938 Tianqi Lithium Corp. 'A' CNY 43,800 396,993 0.01 Tianshan Aluminum Group Co. Ltd. 'A' CNH 186,300 294,185 Tianshui Huatian Technology Co. Ltd. 'A' CNH 117,400 391,286 TongFu Microelectronics Co. Ltd. 'A' CNH 57,100 651,171 0.01 Tongling Nonferrous Metals Group Co. Ltd. 'A' CNH 523,800 493,426 0.01 Tongwei Co. Ltd. 'A' CNH 176,300 315,163 Trina Solar Co. Ltd. 'A' CNH 91,497 190,881 Tsingtao Brewery Co. Ltd. 'A' CNH 23,700 182,519 Tsingtao Brewery Co. Ltd. 'A' CNY 2,500 19,260 Tsingtao Brewery Co. Ltd. 'H' HKD 419,735 2,307,403 0.03 UBTech Robotics Corp. Ltd. 'H' HKD 140,860 1,860,783 0.02
Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Unigroup Guoxin Microelectronics Co. Ltd. 'A' CNH 31,439 415,993 0.01 Unisplendour Corp. Ltd. 'A' CNH 110,948 478,485 0.01 United Nova Technology Co. Ltd. 'A' CNY 320,528 504,734 0.01 Universal Scientific Industrial Shanghai Co. Ltd. 'A' CNH 74,200 357,885 Verisilicon Microelectronics Shanghai Co. Ltd. 'A' CNH 21,283 1,178,993 0.01 Victory Giant Technology Huizhou Co. Ltd. 'A' CNH 3,400 175,316 Victory Giant Technology Huizhou Co. Ltd. 'A' CNY 31,900 1,645,510 0.02 Wanhua Chemical Group Co. Ltd. 'A' CNH 26,900 271,128 Wanhua Chemical Group Co. Ltd. 'A' CNY 95,400 961,914 0.01 Wanxiang Qianchao Co. Ltd. 'A' CNY 129,500 247,941 Weichai Power Co. Ltd. 'A' CNH 265,900 1,078,183 0.01 Weichai Power Co. Ltd. 'H' HKD 1,310,527 5,757,746 0.07 Wens Foodstuff Group Co. Ltd. 'A' CNH 257,520 467,502 0.01 Western Mining Co. Ltd. 'A' CNH 96,000 386,309 Western Superconducting Technologies Co. Ltd. 'A' CNH 24,496 227,928 Wintime Energy Group Co. Ltd. 'A' CNH 821,600 194,930 Wolong Electric Group Co. Ltd. 'A' CNY 59,700 292,187 Wuhan Guide Infrared Co. Ltd. 'A' CNH 166,845 327,420 Wuliangye Yibin Co. Ltd. 'A' CNH 155,200 1,691,394 0.02 Wuliangye Yibin Co. Ltd. 'A' CNY 1,900 20,714 WUS Printed Circuit Kunshan Co. Ltd. 'A' CNH 73,870 1,679,156 0.02 WuXi AppTec Co. Ltd. 'A' CNH 96,640 1,778,378 0.02 WuXi AppTec Co. Ltd., 144A 'H' HKD 275,434 5,416,347 0.06 XCMG Construction Machinery Co. Ltd. 'A' CNH 456,500 546,066 0.01 Xiamen Tungsten Co. Ltd. 'A' CNH 62,000 783,256 0.01 Xinjiang Daqo New Energy Co. Ltd. 'A' CNH 31,648 81,261 Xinjiang Daqo New Energy Co. Ltd. 'A' CNY 52,140 133,929 Yangtze Optical Fibre & Cable Joint Stock Ltd. Co. 'A' CNY 13,200 1,072,284 0.01 Yangtze Optical Fibre & Cable Joint Stock Ltd. Co., 144A 'H' HKD 270,118 8,948,712 0.11 Yankuang Energy Group Co. Ltd. 'A' CNH 231,215 600,819 0.01 Yankuang Energy Group Co. Ltd. 'H' HKD 2,199,049 3,085,452 0.04 Yantai Jereh Oilfield Services Group Co. Ltd. 'A' CNH 40,700 920,895 0.01 Yealink Network Technology Corp. Ltd. 'A' CNH 49,460 247,279 Yonghui Superstores Co. Ltd. 'A' CNH 337,400 141,333 Yonyou Network Technology Co. Ltd. 'A' CNH 126,314 170,803 YTO Express Group Co. Ltd. 'A' CNH 127,433 296,396 Yuanjie Semiconductor Technology Co. Ltd. 'A' CNY 4,867 1,379,100 0.02 Yunnan Aluminium Co. Ltd. 'A' CNH 135,500 441,274 0.01
Aviva Investors Société d’investissement à capital variable (SICAV)
gn Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1
Aviva Investors - GLOBAL EMERGING MARKETS INDEX FUND (CONTINUED) Portfolio of Investments and Other Net Assets as at 30 June 2026
The accompanying notes form an integral part of these financial statements. avivainvestors.com | Semi-annual report and unaudited financial statements 45
Aviva Investors Société d’investissement à capital variable (SICAV)
Docusign Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1164700
Page 46
Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Yunnan Baiyao Group Co. Ltd. 'A' CNH 14,500 101,185 Yunnan Baiyao Group Co. Ltd. 'A' CNY 55,260 385,767 Yunnan Energy New Material Group Co. Ltd. 'A' CNH 38,400 379,788 Yunnan Tin Co. Ltd. 'A' CNH 64,300 408,895 0.01 Yunnan Yuntianhua Co. Ltd. 'A' CNH 71,200 318,974 Yutong Bus Co. Ltd. 'A' CNH 7,800 30,806 Yutong Bus Co. Ltd. 'A' CNY 79,900 315,685 Zangge Mining Co. Ltd. 'A' CNH 61,300 624,642 0.01 Zhangzhou Pientzehuang Pharmaceutical Co. Ltd. 'A' CNH 23,400 376,950 Zhaojin Mining Industry Co. Ltd. 'H' HKD 1,125,490 2,361,947 0.03 Zhejiang Century Huatong Group Co. Ltd. 'A' CNH 287,900 600,958 0.01 Zhejiang China Commodities City Group Co. Ltd. 'A' CNH 214,200 321,779 Zhejiang Chint Electrics Co. Ltd. 'A' CNH 83,900 310,750 Zhejiang Dahua Technology Co. Ltd. 'A' CNH 129,800 316,418 Zhejiang Huayou Cobalt Co. Ltd. 'A' CNH 72,664 519,874 0.01 Zhejiang Jingsheng Mechanical & Electrical Co. Ltd. 'A' CNH 48,400 433,563 0.01 Zhejiang Juhua Co. Ltd. 'A' CNH 97,300 763,599 0.01 Zhejiang Juhua Co. Ltd. 'A' CNY 8,100 63,592 Zhejiang Leapmotor Technology Co. Ltd., 144A 'H' HKD 343,300 1,514,059 0.02 Zhejiang Longsheng Group Co. Ltd. 'A' CNY 116,100 207,758 Zhejiang Longsheng Group Co. Ltd. 'A' CNH 11,000 19,677 Zhejiang NHU Co. Ltd. 'A' CNY 89,168 373,467 Zhejiang NHU Co. Ltd. 'A' CNH 30,900 129,371 Zhejiang Sanhua Intelligent Controls Co. Ltd. 'A' CNH 20,300 131,630 Zhejiang Sanhua Intelligent Controls Co. Ltd. 'A' CNY 52,600 341,201 Zhejiang Weiming Environment Protection Co. Ltd. 'A' CNH 73,776 167,151 Zhejiang Zheneng Electric Power Co. Ltd. 'A' CNY 327,100 253,897 Zhejiang Zheneng Electric Power Co. Ltd. 'A' CNH 116,300 90,238 Zheshang Securities Co. Ltd. 'A' CNH 169,100 237,131 Zhongji Innolight Co. Ltd. 'A' CNH 43,920 8,302,625 0.10 Zhongji Innolight Co. Ltd. 'A' CNY 1,000 189,112 Zhongjin Gold Corp. Ltd. 'A' CNH 30,700 81,859 Zhongjin Gold Corp. Ltd. 'A' CNY 158,800 423,591 0.01 Zhongtai Securities Co. Ltd. 'A' CNH 309,300 242,832 Zhuzhou CRRC Times Electric Co. Ltd. 'A' CNH 32,133 326,334 Zhuzhou CRRC Times Electric Co. Ltd. 'H' HKD 286,500 1,469,912 0.02 Zijin Mining Group Co. Ltd. 'A' CNH 833,700 3,094,507 0.04 Zijin Mining Group Co. Ltd. 'H' HKD 4,039,000 14,208,900 0.17 Zoomlion Heavy Industry Science and Technology Co. Ltd. 'A' CNH 277,200 285,451 -
Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets ZTE Corp. 'A' CNH 157,500 844,722 0.01 ZTE Corp. 'H' HKD 491,812 1,440,828 0.02 734,850,593 8.48 Colombia Grupo Cibest SA COP 165,902 3,752,993 0.04 Grupo Cibest SA Preference COP 292,899 5,742,435 0.07 Interconexion Electrica SA ESP COP 288,428 2,467,692 0.03 11,963,120 0.14 Czech Republic CEZ AS CZK 83,458 4,883,527 0.06 Komercni Banka AS CZK 49,487 2,268,462 0.03 Moneta Money Bank AS, 144A CZK 166,324 1,459,395 0.02 8,611,384 0.11 Egypt Commercial International Bank - Egypt (CIB) EGP 1,649,210 4,274,736 0.05 Eastern Co. SAE EGP 979,303 747,045 0.01 Talaat Moustafa Group EGP 460,840 885,233 0.01 5,907,014 0.07 Greece Alpha Bank SA EUR 1,055,022 4,783,618 0.06 Eurobank SA EUR 1,654,812 7,912,651 0.09 GEK TERNA SA EUR 40,110 2,021,339 0.02 Hellenic Telecommunications Organization SA EUR 95,336 2,119,199 0.03 JUMBO SA EUR 77,032 1,978,950 0.02 National Bank of Greece SA EUR 565,683 9,788,086 0.12 Piraeus Bank SA EUR 724,115 7,549,481 0.09 Public Power Corp. SA EUR 120,192 3,165,873 0.04 39,319,197 0.47 Hong Kong Beijing Enterprises Holdings Ltd. HKD 327,571 1,125,284 0.01 BYD Electronic International Co. Ltd. HKD 513,500 1,377,799 0.02 China Merchants Port Holdings Co. Ltd. HKD 820,200 1,295,207 0.02 China Nonferrous Mining Corp. Ltd. HKD 889,043 1,272,314 0.02 China Overseas Land & Investment Ltd. HKD 2,583,707 3,992,381 0.05 China Power International Development Ltd. HKD 2,503,000 875,679 0.01 China Resources Beer Holdings Co. Ltd. HKD 1,094,054 2,975,574 0.04 China Resources Microelectronics Ltd. 'A' CNH 52,267 762,679 0.01 China Resources Power Holdings Co. Ltd. HKD 1,396,713 3,020,836 0.04 China Taiping Insurance Holdings Co. Ltd. HKD 969,680 2,238,975 0.03 CITIC Ltd. HKD 2,943,086 4,002,065 0.05 CSPC Pharmaceutical Group Ltd. HKD 5,440,560 4,857,770 0.06 Far East Horizon Ltd. HKD 1,563,000 1,068,891 0.01 Guangdong Investment Ltd. HKD 1,916,000 1,900,708 0.02 Hua Hong Grace Semiconductor Ltd. 'A' CNH 15,591 789,033 0.01 Hua Hong Grace Semiconductor Ltd., 144A HKD 493,000 13,739,710 0.16 Lenovo Group Ltd. HKD 5,248,818 15,682,182 0.19 MMG Ltd. HKD 2,864,000 2,556,988 0.03
Aviva Investors Société d’investissement à capital variable (SICAV)
gn Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1
Aviva Investors - GLOBAL EMERGING MARKETS INDEX FUND (CONTINUED) Portfolio of Investments and Other Net Assets as at 30 June 2026
The accompanying notes form an integral part of these financial statements. avivainvestors.com | Semi-annual report and unaudited financial statements 46
Aviva Investors Société d’investissement à capital variable (SICAV)
Docusign Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1164700
Page 47
Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Sinotruk Hong Kong Ltd. HKD 558,664 2,755,453 0.03 Zijin Gold International Co. Ltd. HKD 234,665 2,661,102 0.03 68,950,630 0.84 Hungary MOL Hungarian Oil & Gas plc HUF 248,706 2,955,385 0.04 OTP Bank Nyrt HUF 145,818 21,550,845 0.26 Richter Gedeon Nyrt HUF 90,994 3,523,602 0.04 28,029,832 0.34 India ABB India Ltd. INR 34,487 2,573,109 0.03 Adani Enterprises Ltd. INR 121,988 3,944,726 0.05 Adani Ports & Special Economic Zone Ltd. INR 351,548 6,763,389 0.08 Adani Power Ltd. INR 2,081,119 4,955,085 0.06 Aditya Birla Capital Ltd. INR 511,158 2,128,068 0.03 Alkem Laboratories Ltd. INR 30,479 1,801,579 0.02 Ambuja Cements Ltd. INR 398,276 1,784,043 0.02 APL Apollo Tubes Ltd. INR 117,477 2,235,815 0.03 Apollo Hospitals Enterprise Ltd. INR 70,200 6,435,759 0.08 Ashok Leyland Ltd. INR 1,911,862 3,221,962 0.04 Asian Paints Ltd. INR 258,781 7,228,248 0.09 Astral Ltd. INR 78,693 1,112,407 0.01 AU Small Finance Bank Ltd., 144A INR 359,932 3,975,639 0.05 Aurobindo Pharma Ltd. INR 170,139 2,839,230 0.03 Avenue Supermarts Ltd., 144A INR 105,903 4,926,812 0.06 Axis Bank Ltd. INR 1,551,393 22,203,104 0.26 Bajaj Auto Ltd. INR 43,667 4,513,289 0.05 Bajaj Finance Ltd. INR 1,678,757 17,925,951 0.21 Bajaj Finserv Ltd. INR 249,632 4,719,178 0.06 Bajaj Holdings & Investment Ltd. INR 17,388 1,957,107 0.02 Balkrishna Industries Ltd. INR 49,011 1,139,398 0.01 Bank of Baroda INR 673,284 1,954,478 0.02 Bharat Electronics Ltd. INR 2,379,236 10,370,674 0.12 Bharat Forge Ltd. INR 166,663 3,798,266 0.05 Bharat Heavy Electricals Ltd. INR 821,994 3,614,253 0.04 Bharat Petroleum Corp. Ltd. INR 1,097,316 3,532,595 0.04 Bharti Airtel Ltd. INR 1,849,338 36,242,898 0.43 Bosch Ltd. INR 4,673 1,982,318 0.02 Britannia Industries Ltd. INR 70,559 3,856,135 0.05 BSE Ltd. INR 129,919 5,354,819 0.06 Canara Bank INR 1,180,951 1,572,684 0.02 CG Power & Industrial Solutions Ltd. INR 424,896 4,310,966 0.05 Cholamandalam Investment and Finance Co. Ltd. INR 274,695 5,226,508 0.06 Cipla Ltd. INR 340,517 5,286,424 0.06 Coal India Ltd. INR 1,039,147 4,829,872 0.06 Colgate-Palmolive India Ltd. INR 86,195 1,825,287 0.02 Coromandel International Ltd. INR 76,814 1,632,309 0.02 Cummins India Ltd. INR 90,225 5,422,119 0.06 Dabur India Ltd. INR 346,388 1,549,366 0.02 Divi's Laboratories Ltd. INR 77,766 5,411,261 0.06 Dixon Technologies India Ltd. INR 23,636 2,994,713 0.04 DLF Ltd. INR 417,382 2,748,935 0.03 Dr Reddy's Laboratories Ltd. INR 353,143 5,066,249 0.06 Eicher Motors Ltd. INR 89,281 6,705,693 0.08 Eternal Ltd. INR 1,570,531 4,431,489 0.05
Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Federal Bank Ltd. INR 1,229,996 4,301,223 0.05 Fortis Healthcare Ltd. INR 319,448 3,253,504 0.04 FSN E-Commerce Ventures Ltd. INR 745,047 2,453,343 0.03 GAIL India Ltd. INR 1,498,076 2,760,003 0.03 GE Vernova T&D India Ltd. INR 83,340 4,388,474 0.05 GMR Airports Ltd. INR 1,718,403 2,044,273 0.02 Godrej Consumer Products Ltd. INR 266,442 2,850,647 0.03 Godrej Properties Ltd. INR 98,039 1,945,905 0.02 Grasim Industries Ltd. INR 177,201 5,819,797 0.07 Havells India Ltd. INR 142,915 1,764,854 0.02 HCL Technologies Ltd. INR 618,283 7,027,704 0.08 HDFC Asset Management Co. Ltd., 144A INR 125,380 3,536,492 0.04 HDFC Bank Ltd. INR 7,682,976 64,989,235 0.77 HDFC Life Insurance Co. Ltd., 144A INR 632,048 3,853,895 0.05 Hero MotoCorp Ltd. INR 78,149 3,980,022 0.05 Hindalco Industries Ltd. INR 877,731 8,935,028 0.11 Hindustan Aeronautics Ltd. INR 112,768 5,239,231 0.06 Hindustan Petroleum Corp. Ltd. INR 623,320 2,610,701 0.03 Hindustan Unilever Ltd. INR 475,420 10,657,857 0.13 Hitachi Energy India Ltd. INR 8,705 3,236,760 0.04 ICICI Bank Ltd. INR 3,574,075 52,052,326 0.62 ICICI Lombard General Insurance Co. Ltd., 144A INR 158,870 2,930,051 0.04 ICICI Prudential Life Insurance Co. Ltd., 144A INR 235,617 1,218,258 0.01 IDFC First Bank Ltd. INR 2,842,955 2,404,854 0.03 Indian Bank INR 181,698 1,575,388 0.02 Indian Hotels Co. Ltd. (The) INR 555,970 4,209,506 0.05 Indian Oil Corp. Ltd. INR 1,838,510 2,716,305 0.03 Indus Towers Ltd. INR 858,687 3,567,376 0.04 IndusInd Bank Ltd. INR 375,297 3,679,991 0.04 Info Edge India Ltd. INR 232,158 2,404,433 0.03 Infosys Ltd. INR 2,051,554 21,682,412 0.26 InterGlobe Aviation Ltd., 144A INR 123,314 7,092,951 0.08 ITC Ltd. INR 1,957,445 5,957,837 0.07 Jindal Stainless Ltd. INR 214,670 1,577,039 0.02 Jindal Steel Ltd. INR 232,418 2,613,965 0.03 Jio Financial Services Ltd. INR 1,861,077 4,675,113 0.06 JSW Energy Ltd. INR 276,943 1,720,936 0.02 JSW Steel Ltd. INR 397,981 5,187,963 0.06 Kotak Mahindra Bank Ltd. INR 3,689,738 15,332,222 0.18 L&T Finance Ltd. INR 570,280 1,883,645 0.02 Larsen & Toubro Ltd. INR 454,635 20,026,039 0.24 Lodha Developers Ltd., 144A INR 195,054 1,979,202 0.02 LTM Ltd., 144A INR 48,252 1,813,084 0.02 Lupin Ltd. INR 163,550 4,189,009 0.05 Mahindra & Mahindra Ltd. INR 587,108 19,204,452 0.23 Mankind Pharma Ltd. INR 78,479 2,122,480 0.03 Marico Ltd. INR 338,008 2,995,301 0.04 Maruti Suzuki India Ltd. INR 81,867 12,246,127 0.15 Max Healthcare Institute Ltd. INR 475,884 5,710,782 0.07 Mphasis Ltd. INR 80,631 1,850,298 0.02 MRF Ltd. INR 1,518 2,058,524 0.02 Multi Commodity Exchange of India Ltd. INR 84,273 2,540,438 0.03 Muthoot Finance Ltd. INR 78,404 2,498,258 0.03
Aviva Investors Société d’investissement à capital variable (SICAV)
gn Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1
Aviva Investors - GLOBAL EMERGING MARKETS INDEX FUND (CONTINUED) Portfolio of Investments and Other Net Assets as at 30 June 2026
The accompanying notes form an integral part of these financial statements. avivainvestors.com | Semi-annual report and unaudited financial statements 47
Aviva Investors Société d’investissement à capital variable (SICAV)
Docusign Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1164700
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Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets National Aluminium Co. Ltd. INR 557,441 2,010,986 0.02 Nestle India Ltd. INR 390,178 5,823,149 0.07 NHPC Ltd. INR 1,910,029 1,650,067 0.02 NMDC Ltd. INR 2,003,134 1,814,044 0.02 NTPC Ltd. INR 2,943,060 11,146,493 0.13 Oberoi Realty Ltd. INR 80,661 1,511,724 0.02 Oil & Natural Gas Corp. Ltd. INR 1,739,435 4,312,201 0.05 Oil India Ltd. INR 309,294 1,360,020 0.02 One 97 Communications Ltd. INR 249,868 3,035,648 0.04 Oracle Financial Services Software Ltd. INR 13,770 1,576,825 0.02 Page Industries Ltd. INR 3,993 1,751,902 0.02 PB Fintech Ltd. INR 225,892 3,896,809 0.05 Persistent Systems Ltd. INR 71,884 3,303,240 0.04 Petronet LNG Ltd. INR 475,366 1,415,867 0.02 Phoenix Mills Ltd. (The) INR 128,033 2,644,640 0.03 PI Industries Ltd. INR 49,368 1,338,974 0.02 Pidilite Industries Ltd. INR 198,751 3,355,178 0.04 Polycab India Ltd. INR 34,299 3,619,292 0.04 Power Finance Corp. Ltd. INR 966,726 4,364,555 0.05 Power Grid Corp. of India Ltd. INR 2,822,850 8,586,513 0.10 Prestige Estates Projects Ltd. INR 112,158 1,874,559 0.02 Punjab National Bank INR 1,496,320 1,693,179 0.02 REC Ltd. INR 771,372 2,985,691 0.04 Reliance Industries Ltd. INR 4,107,275 56,531,096 0.67 Samvardhana Motherson International Ltd. INR 2,748,170 4,349,601 0.05 SBI Cards & Payment Services Ltd. INR 185,836 1,169,377 0.01 SBI Life Insurance Co. Ltd., 144A INR 293,767 5,505,194 0.07 Shree Cement Ltd. INR 5,872 1,572,500 0.02 Shriram Finance Ltd. INR 952,093 10,607,343 0.13 Siemens Energy India Ltd. INR 56,445 2,205,754 0.03 Siemens Ltd. INR 57,956 2,213,786 0.03 SRF Ltd. INR 96,482 2,813,130 0.03 State Bank of India INR 1,245,159 13,622,057 0.16 Sun Pharmaceutical Industries Ltd. INR 624,747 12,302,516 0.15 Sundaram Finance Ltd. INR 43,395 2,074,704 0.02 Supreme Industries Ltd. INR 41,346 1,382,301 0.02 Suzlon Energy Ltd. INR 6,694,749 4,191,544 0.05 Swiggy Ltd. INR 898,446 2,277,942 0.03 Tata Communications Ltd. INR 74,211 1,549,953 0.02 Tata Consultancy Services Ltd. INR 549,067 11,840,207 0.14 Tata Consumer Products Ltd. INR 386,503 4,422,489 0.05 Tata Motors Ltd. INR 1,318,183 5,938,102 0.07 Tata Motors Passenger Vehicles Limited INR 1,318,405 4,953,797 0.06 Tata Power Co. Ltd. (The) INR 1,040,041 4,261,801 0.05 Tata Steel Ltd. INR 5,051,878 10,088,895 0.12 Tech Mahindra Ltd. INR 350,775 5,222,676 0.06 Titan Co. Ltd. INR 239,515 11,185,495 0.13 Torrent Pharmaceuticals Ltd. INR 68,479 3,351,304 0.04 Torrent Power Ltd. INR 114,810 1,725,190 0.02 Trent Ltd. INR 177,031 6,195,501 0.07 Tube Investments of India Ltd. INR 67,452 2,178,381 0.03 TVS Motor Co. Ltd. INR 154,635 5,699,412 0.07 TVS Motor Co. Ltd. INR 585,640 64,034 UltraTech Cement Ltd. INR 69,564 8,308,240 0.10 Union Bank of India Ltd. INR 993,855 1,827,082 0.02
Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets United Spirits Ltd. INR 189,394 2,709,354 0.03 UPL Ltd. INR 329,387 2,000,162 0.02 Varun Beverages Ltd. INR 880,634 4,757,746 0.06 Vedanta Aluminium Metal Ltd. INR 890,946 4,220,990 0.05 Vedanta Ltd. INR 890,946 2,662,827 0.03 Vishal Mega Mart Ltd. INR 1,368,901 1,710,804 0.02 Vodafone Idea Ltd. INR 17,632,112 2,710,375 0.03 Voltas Ltd. INR 146,754 1,986,558 0.02 WAAREE Energies Ltd. INR 56,174 1,761,573 0.02 Wipro Ltd. INR 1,706,672 3,094,512 0.04 Yes Bank Ltd. INR 10,213,268 2,618,194 0.03 Zydus Lifesciences Ltd. INR 128,251 1,516,285 0.02 925,922,062 10.98 Indonesia Astra International Tbk PT IDR 10,922,000 2,760,904 0.03 Bank Central Asia Tbk PT IDR 33,258,200 10,357,584 0.12 Bank Mandiri Persero Tbk PT IDR 25,180,296 5,438,745 0.06 Bank Negara Indonesia Persero Tbk PT IDR 8,804,600 1,562,813 0.02 Bank Rakyat Indonesia Persero Tbk PT IDR 40,888,923 6,269,110 0.07 Barito Pacific Tbk PT IDR 12,962,096 946,128 0.01 Bumi Resources Minerals Tbk PT IDR 38,259,973 1,023,064 0.01 Charoen Pokphand Indonesia Tbk PT IDR 4,147,500 788,051 0.01 GoTo Gojek Tokopedia Tbk PT IDR 581,552,900 1,629,952 0.02 Telkom Indonesia Persero Tbk PT IDR 30,066,600 3,987,450 0.05 United Tractors Tbk PT IDR 817,677 1,053,511 0.01 35,817,312 0.41 Kuwait Boubyan Bank KSCP KWD 1,075,312 2,201,751 0.03 Gulf Bank KSCP KWD 1,413,781 1,611,206 0.02 Kuwait Finance House KSCP KWD 7,722,051 19,128,316 0.23 Mabanee Co. KPSC KWD 459,208 1,371,551 0.02 Mobile Telecommunications Co. KSCP KWD 1,267,560 2,492,464 0.03 National Bank of Kuwait SAKP KWD 5,882,011 15,323,868 0.18 Warba Bank KSCP KWD 1,537,315 1,385,647 0.02 43,514,803 0.53 Luxembourg Allegro.eu SA, 144A PLN 552,461 5,562,597 0.07 Reinet Investments SCA ZAR 92,510 2,558,446 0.03 Zabka Group SA PLN 261,164 1,890,787 0.02 10,011,830 0.12 Malaysia AMMB Holdings Bhd. MYR 1,676,500 2,625,297 0.03 CELCOMDIGI BHD MYR 2,291,100 1,502,888 0.02 CIMB Group Holdings Bhd. MYR 5,269,800 9,605,887 0.11 Gamuda Bhd. MYR 3,414,900 3,671,144 0.04 Hong Leong Bank Bhd. MYR 438,588 2,307,653 0.03 IHH Healthcare Bhd. MYR 1,162,100 2,392,027 0.03 IOI Corp. Bhd. MYR 1,593,500 1,651,544 0.02 Kuala Lumpur Kepong Bhd. MYR 318,400 1,654,353 0.02 Malayan Banking Bhd. MYR 3,932,200 10,416,651 0.12 Maxis Bhd. MYR 1,489,800 1,236,500 0.01 MISC Bhd. MYR 871,700 1,666,890 0.02 Petronas Chemicals Group Bhd. MYR 1,618,700 1,609,150 0.02 Petronas Gas Bhd. MYR 515,200 2,208,623 0.03
Aviva Investors Société d’investissement à capital variable (SICAV)
gn Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1
Aviva Investors - GLOBAL EMERGING MARKETS INDEX FUND (CONTINUED) Portfolio of Investments and Other Net Assets as at 30 June 2026
The accompanying notes form an integral part of these financial statements. avivainvestors.com | Semi-annual report and unaudited financial statements 48
Aviva Investors Société d’investissement à capital variable (SICAV)
Docusign Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1164700
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Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Press Metal Aluminium Holdings Bhd. MYR 2,500,800 4,710,062 0.06 Public Bank Bhd. MYR 9,818,950 11,602,215 0.14 RHB Bank Bhd. MYR 1,250,350 2,546,463 0.03 SD Guthrie Bhd. MYR 1,350,600 1,980,490 0.02 Sunway Bhd. MYR 1,772,100 2,238,520 0.03 Telekom Malaysia Bhd. MYR 729,700 1,333,900 0.02 Tenaga Nasional Bhd. MYR 1,769,200 6,209,857 0.07 YTL Power International Bhd. MYR 2,053,200 2,111,389 0.03 75,281,503 0.90 Mexico America Movil SAB de CV MXN 10,146,727 13,152,493 0.16 Arca Continental SAB de CV MXN 348,191 4,176,200 0.05 Cemex SAB de CV MXN 10,221,572 12,284,313 0.15 Coca-Cola Femsa SAB de CV MXN 354,238 3,748,197 0.04 Fibra Uno Administracion SA de CV, REIT MXN 1,860,474 3,190,981 0.04 Fomento Economico Mexicano SAB de CV MXN 1,140,736 14,554,809 0.17 Gruma SAB de CV 'B' MXN 101,438 1,630,903 0.02 Grupo Aeroportuario del Centro Norte SAB de CV MXN 186,141 2,637,799 0.03 Grupo Aeroportuario del Pacifico SAB de CV 'B' MXN 260,709 6,598,536 0.08 Grupo Aeroportuario del Sureste SAB de CV 'B' MXN 117,229 3,584,613 0.04 Grupo Bimbo SAB de CV MXN 878,317 2,872,641 0.03 Grupo Carso SAB de CV MXN 367,303 2,747,140 0.03 Grupo Financiero Banorte SAB de CV 'O' MXN 1,612,787 17,035,387 0.20 Grupo Financiero Inbursa SAB de CV 'O' MXN 992,666 2,360,981 0.03 Grupo Mexico SAB de CV MXN 1,969,037 22,338,759 0.26 Industrias Penoles SAB de CV MXN 129,373 5,658,613 0.07 Kimberly-Clark de Mexico SAB de CV 'A' MXN 963,854 2,136,351 0.03 Prologis Property Mexico SA de CV, REIT MXN 724,217 3,142,021 0.04 Promotora y Operadora de Infraestructura SAB de CV MXN 115,372 1,834,001 0.02 Sigma Foods SAB de CV MXN 2,436,901 2,239,738 0.03 Wal-Mart de Mexico SAB de CV MXN 3,498,935 10,286,303 0.12 138,210,779 1.64 Netherlands JBS NV BRL 194,070 2,281,544 0.03 JBS NV 'A' USD 25,733 304,936 NEPI Rockcastle NV ZAR 408,395 3,654,429 0.04 6,240,909 0.07 Peru Cia de Minas Buenaventura SAA, ADR USD 111,231 3,257,956 0.04 3,257,956 0.04 Philippines Ayala Corp. PHP 150,742 1,030,855 0.01 Ayala Land, Inc. PHP 3,861,860 935,413 0.01 Bank of the Philippine Islands PHP 1,339,597 2,101,893 0.03 BDO Unibank, Inc. PHP 1,562,533 3,028,471 0.04 International Container Terminal Services, Inc. PHP 647,040 9,446,410 0.11 Manila Electric Co. PHP 121,630 1,129,984 0.01 Metropolitan Bank & Trust Co. PHP 1,140,225 1,210,788 0.01 PLDT, Inc. PHP 47,975 883,990 0.01
Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets SM Investments Corp. PHP 143,205 1,380,797 0.02 SM Prime Holdings, Inc. PHP 6,242,175 1,845,364 0.02 22,993,965 0.27 Poland Asseco Poland SA PLN 35,120 1,566,173 0.02 Bank Millennium SA PLN 394,853 2,055,313 0.02 Bank Polska Kasa Opieki SA PLN 119,603 7,287,761 0.09 Budimex SA PLN 8,310 1,630,925 0.02 CD Projekt SA PLN 42,275 2,525,708 0.03 Dino Polska SA, 144A PLN 319,107 2,414,040 0.03 Erste Bank Polska SA PLN 27,570 4,740,243 0.06 KGHM Polska Miedz SA PLN 94,426 8,341,895 0.10 LPP SA PLN 725 3,528,196 0.04 mBank SA PLN 9,689 3,518,524 0.04 ORLEN SA PLN 391,512 13,176,897 0.16 PGE Polska Grupa Energetyczna SA PLN 605,329 1,521,313 0.02 Powszechna Kasa Oszczednosci Bank Polski SA PLN 590,163 16,207,407 0.19 Powszechny Zaklad Ubezpieczen SA PLN 393,491 6,874,488 0.08 75,388,883 0.90 Qatar Al Rayan Bank QAR 3,935,135 2,220,734 0.03 Commercial Bank PSQC (The) QAR 2,107,724 2,348,194 0.03 Dukhan Bank QAR 1,192,541 1,096,390 0.01 Industries Qatar QSC QAR 984,597 2,983,350 0.04 Mesaieed Petrochemical Holding Co. QAR 3,680,233 1,177,361 0.01 Nebras Energy QAR 278,882 1,096,166 0.01 Ooredoo QPSC QAR 594,129 2,164,285 0.03 Qatar Fuel QSC QAR 388,341 1,504,425 0.02 Qatar Gas Transport Co. Ltd. QAR 1,803,282 2,136,898 0.03 Qatar International Islamic Bank QSC QAR 640,491 1,954,820 0.02 Qatar Islamic Bank QPSC QAR 1,153,655 6,940,194 0.08 Qatar National Bank QPSC QAR 3,006,335 14,245,819 0.17 39,868,636 0.48 Saudi Arabia ACWA Power Co. SAR 155,093 8,018,289 0.10 Ades Holding Co. SAR 214,797 1,064,587 0.01 Al Rajhi Bank SAR 1,982,948 34,811,878 0.41 Alinma Bank SAR 991,474 6,451,718 0.08 Almarai Co. JSC SAR 318,977 3,863,680 0.05 Arab National Bank SAR 607,025 3,352,377 0.04 Arabian Internet & Communications Services Co. SAR 15,623 850,275 0.01 Bank AlBilad SAR 495,737 3,220,930 0.04 Bank Al-Jazira SAR 408,689 1,264,373 0.02 Banque Saudi Fransi SAR 826,229 4,267,413 0.05 Bupa Arabia for Cooperative Insurance Co. SAR 53,705 2,507,614 0.03 Co. for Cooperative Insurance (The) SAR 47,847 1,875,601 0.02 Dar Al Arkan Real Estate Development Co. SAR 344,495 1,653,524 0.02 Dr Sulaiman Al Habib Medical Services Group Co. SAR 56,960 3,215,996 0.04 Elm Co. SAR 16,187 2,976,265 0.04 Etihad Etisalat Co. SAR 254,478 4,096,744 0.05 Jabal Omar Development Co. SAR 376,400 1,516,439 0.02 Jarir Marketing Co. SAR 382,772 1,707,637 0.02
Aviva Investors Société d’investissement à capital variable (SICAV)
gn Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1
Aviva Investors - GLOBAL EMERGING MARKETS INDEX FUND (CONTINUED) Portfolio of Investments and Other Net Assets as at 30 June 2026
The accompanying notes form an integral part of these financial statements. avivainvestors.com | Semi-annual report and unaudited financial statements 49
Aviva Investors Société d’investissement à capital variable (SICAV)
Docusign Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1164700
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Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Makkah Construction & Development Co. SAR 63,795 1,408,903 0.02 Mouwasat Medical Services Co. SAR 63,795 1,083,241 0.01 Riyad Bank SAR 1,321,966 7,010,338 0.08 SABIC Agri-Nutrients Co. SAR 157,326 5,184,369 0.06 SAL Saudi Logistics Services SAR 23,435 1,123,835 0.01 Saudi Arabian Mining Co. SAR 786,859 12,398,562 0.15 Saudi Arabian Oil Co., 144A SAR 4,080,557 28,337,194 0.34 Saudi Awwal Bank SAR 679,092 5,849,139 0.07 Saudi Basic Industries Corp. SAR 607,025 8,329,929 0.10 Saudi Energy Co. SAR 542,468 2,570,762 0.03 Saudi Investment Bank (The) SAR 398,721 1,424,120 0.02 Saudi National Bank (The) SAR 1,982,948 20,419,183 0.24 Saudi Tadawul Group Holding Co. SAR 31,247 1,102,404 0.01 Saudi Telecom Co. SAR 1,348,945 15,529,660 0.18 Yanbu National Petrochemical Co. SAR 185,901 1,453,592 0.02 199,940,571 2.39 Singapore BOC Aviation Ltd., 144A HKD 135,500 1,410,462 0.02 1,410,462 0.02 South Africa Absa Group Ltd. ZAR 573,071 7,961,339 0.09 Bid Corp. Ltd. ZAR 227,233 6,196,182 0.07 Bidvest Group Ltd. ZAR 210,434 3,080,220 0.04 Capitec Bank Holdings Ltd. ZAR 58,730 17,006,488 0.20 Clicks Group Ltd. ZAR 157,726 2,189,968 0.03 Discovery Ltd. ZAR 377,641 6,097,136 0.07 FirstRand Ltd. ZAR 3,405,100 20,183,392 0.24 Gold Fields Ltd. ZAR 603,669 20,236,738 0.24 Harmony Gold Mining Co. Ltd. ZAR 386,553 5,879,126 0.07 Impala Platinum Holdings Ltd. ZAR 609,971 6,375,658 0.08 MTN Group Ltd. ZAR 1,174,927 16,344,033 0.19 Naspers Ltd. 'N' ZAR 516,034 25,867,166 0.31 Nedbank Group Ltd. ZAR 292,697 4,823,592 0.06 Northam Platinum Holdings Ltd. ZAR 242,872 3,515,799 0.04 OUTsurance Group Ltd. ZAR 574,105 2,752,900 0.03 Pepkor Holdings Ltd., 144A ZAR 2,372,961 3,195,747 0.04 Remgro Ltd. ZAR 327,281 3,930,509 0.05 Sanlam Ltd. ZAR 1,213,767 6,546,853 0.08 Sasol Ltd. ZAR 391,083 3,864,382 0.05 Shoprite Holdings Ltd. ZAR 318,583 5,731,823 0.07 Sibanye Stillwater Ltd. ZAR 1,909,139 4,043,397 0.05 Standard Bank Group Ltd. ZAR 888,392 17,492,231 0.21 Valterra Platinum Ltd. ZAR 178,932 11,990,168 0.14 Vodacom Group Ltd. ZAR 420,434 3,890,905 0.05 209,195,752 2.50 South Korea Alteogen, Inc. KRW 26,123 6,119,639 0.07 Amorepacific Corp. KRW 18,537 1,268,895 0.02 APR Corp. KRW 15,838 3,962,971 0.05 Celltrion, Inc. KRW 102,613 11,527,484 0.14 DB Insurance Co. Ltd. KRW 29,958 2,596,820 0.03 Doosan Co. Ltd. KRW 4,744 4,614,572 0.06 Doosan Enerbility Co. Ltd. KRW 302,429 17,055,962 0.20 Ecopro BM Co. Ltd. KRW 36,291 3,361,087 0.04 Ecopro Co. Ltd. KRW 66,290 4,604,564 0.05 Hana Financial Group, Inc. KRW 181,183 13,429,165 0.16
Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Hankook Tire & Technology Co. Ltd. KRW 48,384 1,940,653 0.02 Hanmi Semiconductor Co. Ltd. KRW 27,921 4,692,622 0.06 Hanwha Aerospace Co. Ltd. KRW 22,606 14,561,138 0.17 Hanwha Ocean Co. Ltd. KRW 89,760 5,837,579 0.07 Hanwha Systems Co. Ltd. KRW 49,193 2,310,635 0.03 HD Hyundai Co. Ltd. KRW 28,282 3,654,471 0.04 HD Hyundai Electric Co. Ltd. KRW 15,803 10,018,005 0.12 HD Hyundai Heavy Industries Co. Ltd. KRW 21,238 8,161,248 0.10 HD Korea Shipbuilding & Offshore Engineering Co. Ltd. KRW 28,641 6,500,661 0.08 HLB, Inc. KRW 77,250 2,601,662 0.03 HMM Co. Ltd. KRW 157,185 1,891,989 0.02 HYBE Co. Ltd. KRW 15,242 1,906,033 0.02 Hyosung Heavy Industries Corp. KRW 3,459 7,761,674 0.09 Hyundai Engineering & Construction Co. Ltd. KRW 50,743 3,770,427 0.05 Hyundai Glovis Co. Ltd. KRW 24,412 2,900,360 0.03 Hyundai Mobis Co. Ltd. KRW 39,778 12,939,519 0.15 Hyundai Motor Co. KRW 89,767 28,903,297 0.34 Hyundai Motor Co. Preference KRW 22,761 3,216,535 0.04 Hyundai Motor Co. Preference KRW 14,435 2,053,988 0.02 Hyundai Rotem Co. Ltd. KRW 49,734 5,554,914 0.07 Industrial Bank of Korea KRW 181,686 2,340,480 0.03 Kakao Corp. KRW 209,154 4,681,516 0.06 KakaoBank Corp. KRW 108,683 1,471,310 0.02 KB Financial Group, Inc. KRW 238,903 24,567,226 0.29 Kia Corp. KRW 157,994 14,146,027 0.17 Korea Aerospace Industries Ltd. KRW 47,590 4,511,369 0.05 Korea Electric Power Corp. KRW 167,161 3,987,666 0.05 Korea Investment Holdings Co. Ltd. KRW 28,189 4,072,756 0.05 Korean Air Lines Co. Ltd. KRW 119,851 2,151,428 0.03 Krafton, Inc. KRW 18,515 2,827,287 0.03 KT&G Corp. KRW 61,893 6,788,174 0.08 LG Chem Ltd. KRW 32,168 5,843,699 0.07 LG Corp. KRW 60,237 3,797,954 0.05 LG Display Co. Ltd. KRW 195,292 1,479,378 0.02 LG Electronics, Inc. KRW 71,411 9,513,545 0.11 LG Energy Solution Ltd. KRW 31,565 7,404,831 0.09 LG Uplus Corp. KRW 69,952 633,492 0.01 LS Electric Co. Ltd. KRW 50,585 7,851,283 0.09 Meritz Financial Group, Inc. KRW 45,595 3,118,316 0.04 Mirae Asset Securities Co. Ltd. KRW 130,150 3,618,655 0.04 NAVER Corp. KRW 95,213 12,276,031 0.15 NH Investment & Securities Co. Ltd. KRW 92,788 1,773,140 0.02 POSCO Future M Co. Ltd. KRW 23,161 2,637,420 0.03 POSCO Holdings, Inc. KRW 48,102 9,878,466 0.12 Posco International Corp. KRW 34,356 1,088,159 0.01 Samsung Biologics Co. Ltd., 144A KRW 7,534 6,788,070 0.08 Samsung C&T Corp. KRW 55,325 16,927,062 0.20 Samsung Electro-Mechanics Co. Ltd. KRW 37,784 54,627,366 0.65 Samsung Electronics Co. Ltd. KRW 3,154,522 689,632,278 8.17 Samsung Electronics Co. Ltd. Preference KRW 541,177 75,775,544 0.90
Aviva Investors Société d’investissement à capital variable (SICAV)
gn Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1
Aviva Investors - GLOBAL EMERGING MARKETS INDEX FUND (CONTINUED) Portfolio of Investments and Other Net Assets as at 30 June 2026
The accompanying notes form an integral part of these financial statements. avivainvestors.com | Semi-annual report and unaudited financial statements 50
Aviva Investors Société d’investissement à capital variable (SICAV)
Docusign Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1164700
Page 51
Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Samsung Episholdings Co. Ltd. KRW 4,859 1,358,227 0.02 Samsung Fire & Marine Insurance Co. Ltd. KRW 19,469 7,796,483 0.09 Samsung Heavy Industries Co. Ltd. KRW 445,152 6,728,337 0.08 Samsung Life Insurance Co. Ltd. KRW 53,958 14,085,925 0.17 Samsung SDI Co. Ltd. KRW 40,765 12,893,948 0.15 Samsung SDS Co. Ltd. KRW 26,095 3,238,282 0.04 Samyang Foods Co. Ltd. KRW 2,697 1,952,338 0.02 Shinhan Financial Group Co. Ltd. KRW 284,440 17,624,718 0.21 SK hynix, Inc. KRW 372,541 657,279,812 7.79 SK Innovation Co. Ltd. KRW 44,020 2,700,150 0.03 SK Square Co. Ltd. KRW 62,302 69,392,489 0.82 SK Telecom Co. Ltd. KRW 68,513 3,921,636 0.05 SK, Inc. KRW 24,451 13,334,294 0.16 S-Oil Corp. KRW 29,315 1,994,595 0.02 Woori Financial Group, Inc. KRW 430,078 8,070,285 0.10 Yuhan Corp. KRW 36,440 1,656,397 0.02 2,009,956,413 23.85 Switzerland Allwyn AG EUR 111,206 1,772,862 0.02 BeOne Medicines Ltd. 'H' HKD 535,800 11,689,568 0.14 13,462,430 0.16 Taiwan Accton Technology Corp. TWD 341,000 26,963,550 0.32 Advantech Co. Ltd. TWD 320,903 5,017,327 0.06 ASE Technology Holding Co. Ltd. TWD 2,249,878 48,585,149 0.58 Asia Vital Components Co. Ltd. TWD 216,000 17,321,931 0.21 ASPEED Technology, Inc. TWD 20,397 10,664,974 0.13 Asustek Computer, Inc. TWD 459,281 10,142,428 0.12 Caliway Biopharmaceuticals Co. Ltd. TWD 657,000 2,076,201 0.02 Cathay Financial Holding Co. Ltd. TWD 6,431,228 19,987,943 0.24 Chang Hwa Commercial Bank Ltd. TWD 4,595,415 3,468,879 0.04 China Steel Corp. TWD 7,959,712 4,716,650 0.06 Chroma ATE, Inc. TWD 243,917 16,738,183 0.20 Chunghwa Telecom Co. Ltd. TWD 2,563,602 11,389,599 0.14 CTBC Financial Holding Co. Ltd. TWD 11,281,491 25,244,362 0.30 Delta Electronics, Inc. TWD 1,314,246 81,344,936 0.96 E Ink Holdings, Inc. TWD 561,697 3,840,137 0.05 E.Sun Financial Holding Co. Ltd. TWD 9,475,939 10,273,545 0.12 Elite Material Co. Ltd. TWD 193,000 33,027,695 0.39 eMemory Technology, Inc. TWD 43,000 3,984,071 0.05 Eva Airways Corp. TWD 1,758,000 2,487,558 0.03 Evergreen Marine Corp. Taiwan Ltd. TWD 730,444 4,235,746 0.05 Far EasTone Telecommunications Co. Ltd. TWD 1,151,000 3,801,008 0.05 First Financial Holding Co. Ltd. TWD 7,488,748 7,718,198 0.09 Formosa Chemicals & Fibre Corp. TWD 2,288,880 3,930,899 0.05 Formosa Plastics Corp. TWD 2,576,400 4,413,555 0.05 Fortune Electric Co. Ltd. TWD 96,130 2,359,178 0.03
Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Fubon Financial Holding Co. Ltd. TWD 5,668,438 23,128,189 0.27 Gigabyte Technology Co. Ltd. TWD 349,000 3,827,188 0.05 Global Unichip Corp. TWD 59,000 9,187,892 0.11 Globalwafers Co. Ltd. TWD 177,000 5,725,126 0.07 Gold Circuit Electronics Ltd. TWD 224,000 8,526,554 0.10 Hon Hai Precision Industry Co. Ltd. TWD 8,241,414 66,066,856 0.78 Hon Precision, Inc. TWD 54,611 11,287,972 0.13 Hotai Motor Co. Ltd. TWD 187,960 2,756,984 0.03 Hua Nan Financial Holdings Co. Ltd. TWD 6,101,750 7,322,779 0.09 Innolux Corp. TWD 4,940,898 10,774,814 0.13 International Games System Co. Ltd. TWD 147,000 3,651,831 0.04 Inventec Corp. TWD 1,751,615 3,720,884 0.04 Jentech Precision Industrial Co. Ltd. TWD 59,000 6,410,923 0.08 KGI Financial Holding Co. Ltd. TWD 10,497,453 9,499,152 0.11 King Slide Works Co. Ltd. TWD 38,565 9,013,581 0.11 King Yuan Electronics Co. Ltd. TWD 742,000 8,005,252 0.10 Largan Precision Co. Ltd. TWD 65,000 8,809,214 0.10 Lite-On Technology Corp. TWD 1,327,925 9,335,866 0.11 Lotes Co. Ltd. TWD 55,000 3,674,887 0.04 MediaTek, Inc. TWD 973,932 132,990,781 1.58 Mega Financial Holding Co. Ltd. TWD 7,725,120 11,208,332 0.13 MPI Corp. TWD 57,825 11,175,007 0.13 Nan Ya Plastics Corp. TWD 3,355,494 17,699,293 0.21 Novatek Microelectronics Corp. TWD 376,000 6,376,652 0.08 Pegatron Corp. TWD 1,310,000 3,456,988 0.04 PharmaEssentia Corp. TWD 197,434 8,358,439 0.10 President Chain Store Corp. TWD 372,000 2,604,558 0.03 Quanta Computer, Inc. TWD 1,824,000 21,194,045 0.25 Realtek Semiconductor Corp. TWD 330,253 8,437,420 0.10 Shanghai Commercial & Savings Bank Ltd. (The) TWD 2,531,946 3,399,422 0.04 SinoPac Financial Holdings Co. Ltd. TWD 8,018,940 10,111,581 0.12 Taiwan Business Bank TWD 4,744,796 2,648,990 0.03 Taiwan Cooperative Financial Holding Co. Ltd. TWD 7,403,702 5,786,436 0.07 Taiwan Mobile Co. Ltd. TWD 1,139,100 4,169,032 0.05 Taiwan Semiconductor Manufacturing Co. Ltd. TWD 16,616,000 1,275,920,131 15.11 TCC Group Holdings Co. Ltd. TWD 4,424,271 3,348,485 0.04 TS Financial Holding Co. Ltd. TWD 14,255,540 14,937,476 0.18 Unimicron Technology Corp. TWD 903,585 30,766,728 0.36 Uni-President Enterprises Corp. TWD 3,257,493 7,631,581 0.09 United Microelectronics Corp. TWD 7,635,000 40,958,096 0.49 Vanguard International Semiconductor Corp. TWD 819,000 5,666,742 0.07 Wan Hai Lines Ltd. TWD 456,320 1,136,198 0.01 Wistron Corp. TWD 2,038,000 10,200,770 0.12 Wiwynn Corp. TWD 69,000 10,124,873 0.12 Yageo Corp. TWD 1,048,552 37,932,420 0.45 Yang Ming Marine Transport Corp. TWD 1,137,000 1,859,240 0.02 Yuanta Financial Holding Co. Ltd. TWD 7,193,586 14,958,390 0.18 2,279,517,752 27.03
Aviva Investors Société d’investissement à capital variable (SICAV)
gn Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1
Aviva Investors - GLOBAL EMERGING MARKETS INDEX FUND (CONTINUED) Portfolio of Investments and Other Net Assets as at 30 June 2026
The accompanying notes form an integral part of these financial statements. avivainvestors.com | Semi-annual report and unaudited financial statements 51
Aviva Investors Société d’investissement à capital variable (SICAV)
Docusign Envelope ID: 87F379B2-948C-88DF-80DC-65D9A1164700
Page 52
Investments Currency Quantity/ Nominal Value Market Value USD
% of Net Assets Thailand Advanced Info Service PCL THB 646,800 7,162,497 0.09 Advanced Info Service PCL THB 5,200 57,747 Airports of Thailand PCL THB 2,789,900 5,395,797 0.06 Bangkok Dusit Medical Services PCL 'F' THB 7,241,700 4,207,186 0.05 Bumrungrad Hospital PCL THB 388,100 2,196,319 0.03 Central Pattana PCL THB 1,314,700 2,651,522 0.03 Charoen Pokphand Foods PCL THB 2,397,800 1,414,695 0.02 CP ALL PCL THB 3,508,700 4,937,666 0.06 Delta Electronics Thailand PCL THB 2,019,200 19,754,068 0.23 Delta Electronics Thailand PCL THB 84,100 837,223 0.01 Gulf Development PCL THB 2,480,216 4,591,541 0.05 Gulf Development PCL THB 38,900 72,660 Kasikornbank PCL THB 385,600 2,530,389 0.03 Krung Thai Bank PCL THB 2,274,475 2,601,708 0.03 Krung Thai Bank PCL THB 82,100 94,457 Minor International PCL THB 1,912,091 1,421,672 0.02 PTT Exploration & Production PCL THB 803,302 3,240,242 0.04 PTT PCL THB 6,454,600 6,897,497 0.08 PTT PCL THB 288,100 308,380 SCB X PCL THB 548,000 2,441,384 0.03 Siam Cement PCL (The) THB 507,800 3,729,721 0.04 TMBThanachart Bank PCL THB 11,815,300 877,360 0.01 TMBThanachart Bank PCL THB 3,653,300 270,529 True Corp. PCL THB 5,810,713 2,256,384 0.03 True Corp. PCL THB 1,180,600 461,807 0.01 80,410,451 0.95 Turkey Akbank TAS TRY 2,031,037 3,362,730 0.04 Aselsan Elektronik Sanayi Ve Ticaret AS TRY 768,898 5,683,957 0.07 BIM Birlesik Magazalar AS TRY 607,025 4,759,486 0.06 Eregli Demir ve Celik Fabrikalari TAS TRY 2,278,407 1,979,161 0.02 Haci Omer Sabanci Holding AS TRY 752,009 1,575,611 0.02 KOC Holding AS TRY 495,241 2,058,046 0.02 Turk Hava Yollari AO TRY 359,337 2,516,260 0.03 Turkcell Iletisim Hizmetleri AS TRY 787,678 1,816,700 0.02 Turkiye Is Bankasi AS 'C' TRY 5,696,012 1,813,209 0.02 Turkiye Petrol Rafinerileri AS TRY 649,785 3,164,319 0.04 Yapi ve Kredi Bankasi AS TRY 2,199,523 1,898,569 0.02 30,628,048 0.36 United Arab Emirates Abu Dhabi Commercial Bank PJSC AED 2,134,617 8,440,743 0.10 Abu Dhabi Islamic Bank PJSC AED 945,734 5,316,537 0.06 Abu Dhabi National Oil Co. for Distribution PJSC AED 2,034,292 2,174,463 0.03 ADNOC Drilling Co. PJSC AED 1,780,607 2,782,347 0.03 Adnoc Gas plc AED 4,659,004 4,365,324 0.05 ADNOC Logistics & Services AED 1,204,057 1,976,554 0.02 Air Arabia PJSC AED 1,488,570 2,217,053 0.03 Aldar Properties PJSC AED 2,507,998 5,681,891 0.07 Dubai Electricity & Water Authority PJSC AED 3,905,841 2,951,977 0.04 Dubai Islamic Bank PJSC AED 1,885,413 3,844,573 0.05 Emaar Development PJSC AED 650,974 2,470,856 0.03
Investments Currency Quantity/ Nominal Value
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