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Page 1 of 2
KEY INVESTOR INFORMATION
This document provides you with key investor information about this Fund. It is not marketing material. The information is re quired by law to help you understand the nature and the risks of investing in this Fund. You are advised to read it so you can make an informed decision about whether to invest. Global Sovereign Bond Fund, Class Iyh USD, Accumulation shares shares, USD, a sub - fund of Aviva Investors (ISIN: LU2708743559). The Fund is managed by Aviva Investors Luxembourg S.A. OBJECTIVES AND INVEST MENT POLICY
Objective: To earn income, along with some growth of the Shareholder's investment over the long term (5 years or more). Investment Policy: The Fund invests mainly in bonds issued by government and supranational issuers worldwide. Specifically, at all times, the Sub - Fund invests at least two - thirds of total net assets (excluding ancillary liquid assets, eligible deposits, money market instruments and money market funds) in bonds of governmental, quasi - governmental and supranational issuers anywhere in the world. The F und may also invest up to 5% of total net assets (excluding ancillary liquid assets, eligible deposits, money market instruments and money market funds) in mortgage and asset backed securities. Derivatives and Techniques: The Fund may use derivatives for i nvestment purposes by creating both long and synthetic covered short positions. The Fund may also use derivatives for hedging and efficient portfolio management. Securities lending: Expected level: 20% of total net assets; maximum: 30%. Securities made ava ilable for lending: all securities held by the Sub - Fund from time to time. Strategy: The Fund is actively managed and the Investment Manager will make high conviction investments basing their investment selection process on a long term outlook, whilst look ing to deliver efficient risk adjusted - returns. Sustainability Disclosures: This Fund promotes environmental and social characteristics however does not have a sustainable investment objective. To be eligible for investment, sovereign issuers must meet the minimum standard of the Investment Managers' ESG Sovereign Assessment. Furthermore, all investments that are selected as part of the Investment Manager's ESG analysis must follow good governance practices and not be excluded by the Investment Manager's ES G Baseline Exclusions Policy. The Investment Manager actively engages with issuers with the aim of positively influencing behaviour and
helping to create competitive returns. The Investment Manager integrates qualitative and quantitative data on adverse su stainability impacts into its investment processes. The Fund does not make any minimum commitment to invest in one or more environmentally sustainable investments. Further information regarding how the Investment Manager integrates ESG into its investment approach (including information on the Investment Manager's ESG Sovereign Assessment and proprietary sovereign ESG model) and how it engages with companies/sovereigns is available in the Responsible Investment Philosophy section and on the website www.aviv ainvestors.com. Benchmark (performance comparison and risk management): The Fund's performance is compared and the Fund's global exposure is monitored against the Bloomberg Global Aggregate Treasuries Total Return Index Hedged EUR (the “Benchmark” or the “ Index”), however the reference benchmark is not aligned with all of the environmental or social characteristics promoted by the Sub Fund. The Fund does not base its investment process upon the Index, which is only a representation of the investment univers e. Therefore the Fund will hold bonds that are not part of the Index and will only hold a relatively small proportion of bonds relative to the number in the Index. Other information: You can buy and sell shares on demand on any full bank business day in Lu xembourg. Recommendation: this Fund may not be appropriate for investors who plan to withdraw their money within 5 years. This is an accumulation share class and any income from the Fund will remain in the Fund and is reflected in the share price. For full investment objectives and policy details please refer to the Prospectus.
RISK AND REWARD PROFILE
1 2 3 4 5 6 7
Lower risk Higher risk Typically lower rewards Typically higher rewards This indicator is based on historical data, calculated using European Union rules, and may not be a reliable indication of the future risk profile of the Fund. The risk and reward category shown is not guaranteed to remain unchang ed and may change over time. The lowest category does not mean that the investment is 'risk free'. The value of investments and the income from them will change over time. The Fund price may fall as well as rise and as a result you may not get back the ori ginal amount you invested. The Fund has been allocated a risk number based on the historic volatility of its share price or where insufficient information is available appropriate asset classes. Currency risk: Changes in currency exchange rates could reduc e investment gains or increase investment losses. Exchange rates can change rapidly, significantly and unpredictably. Market risk: Prices of many securities (including bonds, equities and derivatives) change continuously, and can at times fall rapidly and unpredictably. Counterparty risk: The Fund could lose money if an entity with which it does business becomes unwilling or is unable to meet its obligations to the Fund. Derivatives risk: Derivatives are instruments that can be complex and highly volatile, have some degree of unpredictability (especially in unusual market
conditions), and can create losses significantly greater than the cost of the derivative itself. Illiquid securities risk: Certain assets held in the Fund could, by nature, be hard to value or to sell at a desired time or at a price considered to be fair (especially in large quantities), and as a result their prices could be very volatile. Credit risk: A bond or money market security could lose value if the issuer's financial health weakens. Below investment grade bonds (also known as high yield securities) typically have greater credit risk than investment grade securities. Interest rate risk — bonds: When interest rates rise, bond values generally fall. This risk is generally greater for longer - term bonds and for bonds with higher credit quality. Default risk: Issuers of certain bonds or money market instruments could become unable to make payments on their bonds, causing a reduction in income to the Fund and also in the value of bonds held by the Fund. Under extreme market or economic conditions, defaults could be widespread and their effect on Fund performance significant. Hedging risk: Any measures taken to offset specific risks will generate costs (which reduce performance), could work imperfectly or not at all, and if they do work will reduce opportunities for gain. China country risk: changes in China's political, legal, economic or tax policies could cause losses or higher costs for the Fund. Leverage risk: A small price decline on a "leveraged" underlying investment will create a correspondingly larger loss for the Fund. A high overall level of leverage and/or unusual market condit ions could create significant losses for the Fund. Sustainability risk: The level of sustainability risk to which the Fund is exposed, and therefore the value of its investments, may fluctuate depending on the investment opportunities identified by the Inv estment Manager. Full information on the risks applicable to the Fund is detailed in the Prospectus.
Page 2
Page 2 of 2 This key i nvestor information is accurate as at 06 February 2026
One - off charges taken before or after you invest* Entry charge 5.00% Exit charge None Charges taken from the Fund over a year Ongoing charges 0.46% Charges taken from the Fund under certain specific conditions Performance fee None *This is the maximum that might be taken out of your money before it is invested / before the proceeds of your investment are paid out. The charges you pay are used to pay the costs of running the Fund, including the costs of marketing and distributing it . These charges reduce the potential growth of your investment.
The entry and exit charges shown are maximum figures. In some cases (including when switching to other funds or share classes in Aviva Investors) you might pay less – you can find the actual entry and exit charges from your financial adviser/distributor. The ongoing charges figure is based on last year's expenses for the year ending December 2025. The figure for ongoing charges excludes performance fees and portfolio transaction costs, except in the case of an entry/exit charge paid by the Fund when buying or selling units in another collective investment undertaking. A switching charge of up to 1% may be applied when switching to other funds or share classes in Aviva Investors. For more infor mation about charges, including a full explanation of any performance fee (if applicable) please see the charges sections of the Fund's Prospectus.
PAST PERFORMANCE
Share Class Bloomberg Barclays Global Aggregate Treasuries Total Return Index Hedged EUR
2021 2022 2023 2024 2025 2.4 4.0 3.0 1.4 2.43 4.0
Past performance is no guide to future performance. The past performance shown in the chart opposite takes into account all charges except entry charges. The Share Class was launched on 14 December 2023. Performance is calculated in the Share Class curren cy which is USD. Source: Aviva Investors/Morningstar as at 31 December 2025.
PRACTICAL INFORMATION
BNY Mellon, Asset Servicing, 2 - 4, rue Eugène Ruppert - L - 2453 Luxembourg Other inf ormation on Aviva Investors, copies of its Prospectus and of its latest annual and semi - annual reports, may be obtained free of charge, in English, from Aviva Investors Luxembourg S.A., 2 rue du Fort Bourbon, Luxembourg, L 1249, or from the website www.av ivainvestors.com where the latest available price of shares in the Fund and information on how to buy/sell shares can also be accessed. The Transfer Agent for this fund is BNY Mellon, Transfer Agency Lux, Asset Servicing, 2 - 4, rue Eugène Ruppert - L - 2453 L uxembourg. You may switch between other funds or share classes in Aviva Investors subject to provisions of the Section "Investing in the Sub - Funds" of the Prospectus. Aviva Investors is subject to the tax laws and regulations of Luxembourg. This might have an impact on your personal tax position that you should verify with a tax advisor in your country of residence. Aviva Investors is an open ended investment company organised as a Société d'Investissement à Capital Variable (SICAV) with several sub - funds. This key investor information document describes one sub - fund of the SICAV. The
liabilities of each fund are segregated and the assets of this Fund will not be used to pay debts of other funds. Aviva Investors Luxembourg S.A. may be held liable solely on t he basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the Prospectus of the Fund. The details of the up - to - date remuneration policy of the Management Company, including the compositio n of its remuneration committee, a description of the key remuneration elements and an overview of how remuneration is determined, are available on the website www.avivainvestors.com. A paper copy of the remuneration policy can be made available upon reque st and free of charge at the Management Company's registered office. The Representative and Paying Agent in Switzerland is BNP Paribas, Paris, Zurich branch, Selnaustrasse 16, 8002 Zurich, Switzerland. The Prospectus, the Key Investor Information Documents (KIIDs), the Articles of Incorporation as well as the Annual and Semi - Annual Reports may be obtained free of charge from the Representative in Switzerland. The Sub - Fund launched on 06 August 2009, is authorised in Luxembourg and supervised by Commission de Surveillance du Secteur Financier. The Management Company is authorised in Luxembourg and supervised by the Commission de Surveillance du Secteur Financier.
0
0.5
1
1.5
2
2.5
3
3.5
4
4.5
Return %
CHARGES
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"text": "The Fund has been allocated a risk number based on the historic volatility of its"
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"text": "share price or where insufficient information is available appropriate asset"
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"text": "Currency risk:"
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"text": "Changes in currency exchange rates could reduc"
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"text": "e investment"
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"text": "gains or increase investment losses. Exchange rates can change rapidly,"
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"text": "significantly and unpredictably."
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"text": "Market risk:"
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"text": "Prices of many securities (including bonds, equities and derivatives)"
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"text": "change continuously, and can at times fall rapidly and"
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"text": "unpredictably."
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"text": "Counterparty risk:"
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"text": "The Fund could lose money if an entity with which it does"
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"text": "business becomes unwilling or is unable to meet its obligations to the Fund."
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"text": "Derivatives risk:"
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"text": "Derivatives are instruments that can be complex and highly"
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"text": "volatile,"
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"text": "have some degree of unpredictability (especially in unusual market"
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"text": "conditions), and can create losses significantly greater than the cost of the"
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"text": "derivative itself."
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"text": "Illiquid securities risk:"
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"text": "Certain assets held in the Fund could, by nature, be hard"
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"text": "to value"
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"text": "or to sell at a desired time or at a price considered to be fair (especially"
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"text": "in large quantities), and as a result their prices could be very volatile."
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"text": "Credit risk:"
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"text": "A bond or money market security could lose value if the issuer\u0027s"
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"text": "Below investment grade bonds (also known as high yield securities) typically"
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"text": "have greater credit risk than investment grade securities."
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"text": "This risk is generally greater for longer"
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"text": "term bonds and for bonds with higher"
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