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AVIVA INVESTORS

LIQUIDITY FUNDS PLC

(an umbrella type open-ended investment company with variable capital and segregated liability between Sub-Funds)

SEMI-ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

30 September 2025

avivainvestors.com

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Contents

Management and Administration 3 Investment Managers' Report 4 Statement of Financial Position 9 Statement of Comprehensive Income 10 Statement of Changes in Net Assets Attributable to Shareholders 12 Notes to the Financial Statements 13 Aviva Investors Euro Liquidity Fund 29 Aviva Investors Sterling Government Liquidity Fund 34 Aviva Investors Sterling Liquidity Fund 35 Aviva Investors Sterling Liquidity Plus Fund 42 Aviva Investors Sterling Standard Liquidity Fund 46 Aviva Investors US Dollar Liquidity Fund 50 Significant Portfolio Changes 53 Securities Financing Transactions 61

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 Investor Information Documents (“KIID”) 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. Past performance is not necessarily indicative of future returns. Copies of the prospectus, KIID, annual report, semi-annual report and details of changes in investments for the Sub-Funds may be obtained free of charge, from Aviva Investors Luxembourg S.A., 2 rue du Fort Bourbon, L-1249 Luxembourg or from BNY Mellon Fund Services (Ireland) Designated Activity Company, One Dockland Central, Guild Street, International Financial Services Centre, Dublin 1, Ireland.

Aviva Investors Liqudity Fund plc

Semi-annual Report and unaudited financial statements | avivainvestors.com 2

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REGISTERED OFFICE 3 Dublin Landings North Wall Quay Dublin 1 Ireland Registered number 356697 DIRECTORS Denise Kinsella (Chairperson) (Irish) * Deirdre Gormley (Irish) * Anthony Callcott (British) Martin Bell (British) All Directors are non-executive directors. DISTRIBUTOR** Aviva Investors Global Services Limited 80 Fenchurch Street London, EC3M 4AE United Kingdom MANAGER Aviva Investors Luxembourg S.A. 2, rue du Fort Bourbon L-1249 Luxembourg Luxembourg INVESTMENT MANAGER** Aviva Investors Global Services Limited 80 Fenchurch Street London, EC3M 4AE United Kingdom

SECRETARY Goodbody Secretarial Limited 3 Dublin Landings North Wall Quay Dublin 1 Ireland IRISH LEGAL ADVISERS A&L Goodbody LLP 3 Dublin Landings North Wall Quay Dublin 1 Ireland ADMINISTRATOR BNY Mellon Fund Services (Ireland) Designated Activity Company The Shipping Office 20-26 Sir John Rogerson’s Quay Dublin 2 D02 YO49 Ireland

DEPOSITARY The Bank of New York Mellon SA/NV, Dublin Branch The Shipping Office 20-26 Sir John Rogerson’s Quay Dublin 2 D02 YO49 Ireland INDEPENDENT AUDITORS Ernst & Young Block 1 Harcourt Centre Harcourt Street Dublin 2, D02 YA40 Ireland * Independent Director ** Subject to the responsibility and oversight of Aviva Investors Luxembourg S.A.

Aviva Investors Liquidity Funds plc

MANAGEMENT AND ADMINISTRATION 30 September 2025

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End of Period Performance (bps) End of Period

Fund Name Fund Benchmark 1 day gross yield (%) Benchmark rate (%) AUM (Bn) Sterling Government Liquidity Fund 215 208 4.10 3.97 £3.49 Sterling Liquidity Fund 218 208 4.19 3.97 £20.86 Standard Sterling Liquidity Fund 225 208 4.24 3.97 £0.14 Sterling Liquidity Plus Fund 247 208 4.39 3.97 £1.76 US Dollar Liquidity Fund 222 214 4.29 4.24 $1.33

Euro Liquidity Fund 111 102 2.07 1.92 € 3.82

Source: Aviva Investors & global-rates.com as at 30 September 2025 Benchmark rates: Sterling Overnight Index Average (SONIA); Euro Short Term Rate (ESTR); Secured Overnight Financing Rate (SOFR) Weighted Average Maturity (days) Weighted Average Life (days) Assets Under Management (Bn) Fund Name Latest Previous Latest Previous Latest Previous Sterling Government Liquidity Fund 43 21 43 21 £3.49 £5.64

Sterling Liquidity Fund 52 54 81 78 £20.86 £20.22 Standard Sterling Liquidity Fund 56 58 110 106 £0.14 £0.15

Sterling Liquidity Plus Fund 37 33 500 506 £1.76 £1.66 US Dollar Liquidity Fund 10 21 18 47 $1.33 $1.01 Euro Liquidity Fund 35 38 60 67 € 3.82 € 2.96

Source: Aviva Investors, as at 30 September 2025 Latest represents 30 September 2025. Previous represents 31 March 2025. 1-day gross yield (%) Fund Name Latest Previous Sterling Government Liquidity Fund 4.10 4.52 Sterling Liquidity Fund 4.19 4.67 Standard Sterling Liquidity Fund 4.24 4.69

Sterling Liquidity Plus Fund 4.39 4.85 US Dollar Liquidity Fund 4.29 4.51 Euro Liquidity Fund 2.07 2.61

Source: Aviva Investors, as at 30 September 2025 Latest represents 30 September 2025. Previous represents 31 March 2025. 1-day gross yield (%) Fund Name Fund MM Peer Group average Peer Group Rank (Quartile) No. of funds in peer group

Sterling Government Liquidity Fund 4.10 4.10 4th 5 Sterling Liquidity Fund 4.19 4.17 2nd 21 US Dollar Liquidity Fund 4.29 4.31 4th 23 Euro Liquidity Fund 2.07 2.08 3rd 18

Aviva Investors Liquidity Funds plc

INVESTMENT MANAGERS’ REPORT 30 September 2025

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Source: Aviva Investors, imoney net as of 30th September 2025 *Sterling Government Liquidity peer group includes LVNAVs and CNAVs. *The Peer group includes LVNAVs only. GBP Fund Manager’s Comments Sterling money market yields eased lower in the second quarter 2025, reflecting both a 25-basis point base rate cut to 4.25% at the May monetary policy committee (MPC) meeting and expectations of perhaps two further reductions by the end of the year. Overall, the MPC continued its slow and steady approach, being mindful of the inflationary pressures that remained present in the economy, as evidenced by the April CPI reading of 3.5%. The potential for President Trump’s tariffs to ramp up inflation was seen as a clear threat, although worries eased somewhat as the UK and US signed a trade deal in June. Overall, despite fears that the controversial October budget would stall the economy, UK growth in the first quarter was reported to be th e strongest of the G7 nations at 0.7%, up from 0.1% in the final quarter of 2024. As we moved into the second half of the year sterling money market yields continued to trend lower, reflecting the 25-basis point base rate cut to 4.0% at the August monetary policy committee (MPC) meeting. The UK’s parlous financial position came into sharper focus as continuing rises in long-term bond yields further ramped up the country’s already very high debt servic ing costs. Investors became concerned that the next budget, scheduled for the end of November, may have to significantly raise the overall tax burden if a full-blown fiscal crisis is to be avoided.UK growth remained weak, even though it was expected to be the strongest among the G7 countries in 2025. Purchasing manager data for September undershot expectations, reflecting the heightened uncertainty facing businesses. Outlook On balance, we expect UK growth to slow notably in the remainder of the year and have pencilled in a 1% annual GDP expansion for 2025 and 1.3% for 2026. We think that consumption growth will decelerate as consumers are still in the process of accumulating savings and the labour market will loosen further with payrolls having contracted for four successive months. We expect the autumn budget to include tax increases, which itself would be a headwind to near term growth. Overall, the market is modestly reducing the amount of rate cuts it is pricing for the coming months. That said, it still broadly discounts two more cuts in this cycle, with a terminal rate of 3.5%. We continue to expect that the Bank will deliver more than that, as wage growth slows further and services inflation comes down more quickly. We also look to the autumn budget as another factor that will add to the impetus to cut rates, with a further tightening in fiscal policy expected. Government Liquidity Fund T-Bills became more expensive during the reporting period as the market priced in anticipated rate cuts. We maintained a longer duration, which, combined with higher yields from reverse repo, enabled us to outperform the benchmark. Towards the end of the reporting period, we added more duration through the T-Bill market, which offered a positive carry over repo and provided the portfolio with protection against further interest rat e reductions. Sterling Liquidity fund We maintained a long duration strategy throughout the reporting period, locking in higher yields ahead of anticipated rate cuts. While we initially s ought to reduce the portfolio’s weighted average maturity (WAM) and weighted average life (WAL) to enhance liquidity, asset flows during the period had the opposite effect, pushing both WAM and WAL higher and consequently reducing overall fund liquidity. Standard Sterling Liquidity Fund We maintained a long duration strategy throughout the quarter, locking in higher yields for longer in anticipation of further rate cuts. We also took advantage of attractive credit spreads, buying covered bonds. We added to both floating-rate and fixed-rate instruments to push out the weighted average maturity and weighted average life on the portfolio. Sterling Liquidity Plus Fund Throughout the period, we favoured non-UK covered bonds which continue to provide value vs UK covered bonds and prime RMBS. In the first half of the period, we selectively added short-dated auto ABS, taking advantage of a brief credit spread widening as a result of so-called Liberation Day volatil ity. Primary ABS issuance was strong however we remained selective given a tightening of spreads relative to covered bonds. Towards the end of the reporting period activity in the fund was relatively muted due to seasonal factors but picked up in September with a resurgence in primary market issuance across both ABS and covered bonds. This included the return of UK autos to the sterling ABS market and non-UK banks to the sterling covered bond market. We participated in several deals across both asset classes, including introducing euro-denominated floating-rate ABS to the portfoli o.

Aviva Investors Global Services Limited October 2025

Aviva Investors Liquidity Funds plc

INVESTMENT MANAGERS’ REPORT (CONTINUED) 30 September 2025

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US Dollar Fund Manager’s Comment At the start of the reporting period the US Federal Reserve (Fed) maintained its cautious stance as it continued to hold interest rates steady in a range between 4.25% and 4.5% following its last cut in December 2024. We saw a continuation of uncertainty about the prospects for the US economy given the radical policies of the Trump administration. While concerns about the immediate impact of tariffs eased following the signing of a number of trad e deals, there remained a lack of clarity on their longer-term impact on both domestic growth and inflation. In addition, the economy began to feel some stress according to backward looking data as the US consumer became a little more watchful. However, after contracting by 0.5% in the first quarter of 2025, second-quarter GDP was relatively resilient at 3.8% year on year as both consumer and business confidence proved robust. The jobs market was more concerning, however, with unemployment rising to 4.3% in August, its highest level since October 2021. September saw the Fed Funds rate reduced by 25 basis points to a range between 4.0% and 4.25%. The cut came despite US inflation rising to 2.9% in August, its highest level since January, as costs for food, used cars and trucks accelerated. Outlook As at the end of September, the market was pricing around 40 basis points of rate cuts for the remaining two meetings of the year. The Fed’s dot-plot for 2026 and 2027 showed another two cuts for a terminal rate of 3-3.25%. This was in line with consensus but remains somewhat above the market expectations of 2.75-3%. There is a wide spread of views within the Fed, with the newest committee member, Trump appointee Steven Miran showing his hand early with a forecast of 150 basis points of cuts by year end. To add to the confusion around potential for further reductions, the median growth forecast was revise d up and the unemployment forecast revised down. The inflation forecast was raised for 2026. We think the balance of risks to the labour market skews the potential to more, rather than fewer, rate cuts. However, this is largely reflected in market pricing. The US Dollar Liquidity Fund During the reporting period, the fund maintained a conservative approach, focusing on short-dated fixed-rate securities (primarily up to three mon ths) and selectively adding floating-rate instruments when spreads were favourable. Liquidity remained a key priority amid ongoing market uncertainty , with efforts to diversify through new issuer additions.

Aviva Investors Global Services Limited October 2025

Aviva Investors Liquidity Funds plc

INVESTMENT MANAGERS’ REPORT (CONTINUED) 30 September 2025

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Euro Fund Manager’s Comment During the reporting period the European Central Bank (ECB) cut interest rates twice more to leave the deposit rate at 2.0% at its June meeting. Policy makers were faced by numerous challenges, with political and economic uncertainty touching new highs. Despite the overhanging threat of tariffs bei ng levied against the European Union under the new Trump administration, the region’s economy did show tentative signs of improvement, notably in the manufacturing sector. Policy makers continued to be watchful regarding inflationary pressures, despite headline CPI having fallen to around the ba nk’s 2% target. It was felt the bank could not afford to be complacent given the potential for recently levied trade tariffs by the US to stoke price pressures . The decision to pause hold rates at 2.0% after three consecutive meetings cuts came against a backdrop of persistently low confidence in the Eurozone economy, despite some signs of improvement in activity within the services sector. Political instability in the core of the region was again an unwelc ome feature towards the end of the reporting period. There was notable uncertainty in France, where the inability of parliament to agree a budget saw the prime minister call a confidence vote, which he subsequently lost. The country’s credit rating was subsequently lowered by Fitch. Russia’s aggressi ve posturing with its neighbours also added to the mood of uncertainty. Outlook Trade tariffs and related uncertainty could mean that Eurozone export growth reverses and investment growth decelerates. However, we expect consumption to hold up in the presence of large excess savings among households. In terms of monetary policy, any hopes for further ECB easing have all but disappeared and the next move is more likely to be a hike as – absent a shock – the underlying domestic resilience coupled with the fiscal stimulus are pointing to a building of inflationary pressures in 2026 and 2027. This does not necessarily point to a steep hiking cycle but given that rates are no w roughly in neutral (or possibly slightly accommodative) territory, the direction is more likely to be upwards. Timing is hard to predict so far out but , on the whole, it seems that the market is complacent to have priced virtually nothing for the next 18 months or so. The outlook for credit fundamentals is somewhat more challenged, particularly for French issuers in the wake of the rating downgrade by Fitch. Euro Liquidity Fund Throughout the period, the fund remained active across the curve while maintaining a cautious stance amid market volatility. We focused on shortdated fixed-rate securities (up t o69m onths) and selectively added floating-rate instruments as spreads became attractive. Liquidity was increased in preparation for the fund’s conversion to an LVNAV in early July.

Aviva Investors Global Services Limited October 2025

Aviva Investors Liquidity Funds plc

INVESTMENT MANAGERS’ REPORT (CONTINUED) 30 September 2025

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Key risks The value of an investment can go down as well as up and can fluctuate in response to changes in currency and exchange rates. Investors may not get back the original amount invested. The Fund uses derivatives; these can be complex and highly volatile. This means in unusual market conditions the Fund may suffer significant losses. Certain assets held in the Fund could 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. Bond values are affected by changes in interest rates and the bond issuer's creditworthiness. Bonds that offer the potential for a higher income typic ally have a greater risk of default. Important Information THIS IS A MARKETING COMMUNICATION Except where stated as otherwise, the source of all information is Aviva Investors Global Services Limited (“Aviva Investors”). Unless stated other wise any opinions expressed are those of Aviva Investors. They should not be viewed as indicating any guarantee of return from an investment managed by Aviva Investors nor as advice of any nature. The value of an investment and any income from it may go down as well as up and the investor may not get back the original amount invested. Past performance is not a guide to the future. The content of this presentation does not purport to be representational o r provide warranties above and beyond those contained in the Prospectus and subscription documentation of the Fund. The Prospectus and the subscription document contain the full terms, conditions, representations and warranties in respect of the Fund. The underlying holdings of the fun d should be considered in order to establish an appropriate minimum holding period. The content of this presentation does not purport to be representational or provide warranties above and beyond those contained in the legal documentation and subscription documentation of the Fund. The legal documentation and the subscription documents contain the full terms, conditions, representations and warranties in respect of the Fund. Nothing in this presentation is intended to or should be construed as advice or recommendations of any nature. This document is not a recommendation to sell or purchase any investment. It does not form part of any contract for the sale or purchase of any investment. Changes in exchange rates between currencies or the conversion from one currency to another may also cause the value of the investments to diminish or increase. The value of Shares expressed in a currency other than the Base Currency will be subject to exchange rate risk in relation to the Base Currency. You may switch between funds in the Aviva Investors Liquidity Funds p.l.c. Details on switching are provided in the Share Dealings section of the Fund's prospectus. The sub-fund is subject to the tax laws and regulations of Ireland. Depending on your own country of residence, this might have an impact on your investment. This document should not be taken as a recommendation or offer by anyone in any jurisdiction in which such an offer is not authorised or to any person to whom it is unlawful to make such an offer or solicitation. The Prospectus and Key Investor information Document (KIID) are available at www.avivainvestors.com. Where relevant, information on our approach to the sustainability aspects of the fund and the Sustainable Finance disclosure regulation (SFDR) including policies and procedures can be found on the following link: https://www.avivainvestors.com/en-gb/capabilities/sustainable-financ edisclosure-regulation/ In Europe this document is issued by Aviva Investors Luxembourg S.A. Registered Office: 2 rue du Fort Bourbon, 1st Floor, 1249 Luxembourg. Supervised by Commission de Surveillance du Secteur Financier. An Aviva company. In the UK Issued by Aviva Investors Global Services Limited. Registered in England No. 1151805. Registered Office: St Helens, 1 Undershaft, London EC3P 3DQ. Authorised and regulated by the Financial Conduct Authority. Firm Reference No. 119178.

Aviva Investors Liquidity Funds plc

INVESTMENT MANAGERS’ REPORT (CONTINUED) 30 September 2025

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Aviva Investors Euro Liquidity Fund Aviva Investors Sterling Government Liquidity Fund 30 September 2025 31 March 2025 30 September 2025 31 March 2025 Note EUR EUR GBP GBP CURRENT ASSETS Cash and cash equivalents 5 429,557 501,042 287,014 220,313 Receivables 4,590,691 7,287,765 1,766,994 447,282 Financial assets at fair value through profit or loss 9 3,958,643,091 2,984,704,352 3,476,805,578 5,639,703,361 Total current assets 3,963,663,339 2,992,493,159 3,478,859,586 5,640,370,956 CURRENT LIABILITIES Payables 145,207,006 32,197,933 1,147,665 2,071,227 Financial liabilities at fair value through profit or loss 9 - - - Total current liabilities (excluding net assets attributable to shareholders) 145,207,006 32,197,933 1,147,665 2,071,227 Net asset value attributable to shareholders 3,818,456,333 2,960,295,226 3,477,711,921 5,638,299,729 Aviva Investors Sterling Liquidity Fund Aviva Investors Sterling Liquidity Plus Fund 30 September 2025 31 March 2025 30 September 2025 31 March 2025 Note GBP GBP GBP GBP CURRENT ASSETS Cash and cash equivalents 5 2,867,376 1,544,338 - 350,055 Receivables 129,839,423 125,413,219 61,162,245 8,012,336 Financial assets at fair value through profit or loss 9 21,169,293,649 20,517,340,855 1,764,904,492 1,678,513,895 Total current assets 21,302,000,448 20,644,298,412 1,826,066,737 1,686,876,286 CURRENT LIABILITIES Bank overdraft 5 - - 86,737 Payables 510,023,349 509,709,342 68,487,345 22,214,357 Financial liabilities at fair value through profit or loss 9 - - 222,660 Total current liabilities (excluding net assets attributable to shareholders) 510,023,349 509,709,342 68,796,742 22,214,357 Net asset value attributable to shareholders 20,791,977,099 20,134,589,070 1,757,269,995 1,664,661,929 Aviva Investors Sterling Standard Liquidity Fund Aviva Investors US Dollar Liquidity Fund 30 September 2025 31 March 2025 30 September 2025 31 March 2025 Note GBP GBP USD USD CURRENT ASSETS Cash and cash equivalents 5 193,847 174,870 420,600 446,372 Receivables 979,818 832,339 2,616,746 2,678,944 Financial assets at fair value through profit or loss 9 144,466,784 157,516,245 1,337,227,123 1,005,149,208 Total current assets 145,640,449 158,523,454 1,340,264,469 1,008,274,524 CURRENT LIABILITIES Payables 88,705 4,943,409 15,070,375 3,770,233 Financial liabilities at fair value through profit or loss 9 - - - Total current liabilities (excluding net assets attributable to shareholders) 88,705 4,943,409 15,070,375 3,770,233 Net asset value attributable to shareholders 145,551,744 153,580,045 1,325,194,094 1,004,504,291

Company Total 30 September 2025 31 March 2025 Note GBP GBP CURRENT ASSETS Cash and cash equivalents 5 4,036,168 3,053,272 Receivables 199,401,438 142,864,734 Financial assets at fair value through profit or loss 9 30,926,761,610 31,144,303,176 Total current assets 31,130,199,216 31,290,221,182 CURRENT LIABILITIES Bank overdraft 5 86,737 Payables 717,738,153 568,751,632 Financial liabilities at fair value through profit or loss 9 222,660 Total current liabilities (excluding net assets attributable to shareholders) 718,047,550 568,751,632 Net asset value attributable to shareholders 30,412,151,666 30,721,469,550

Aviva Investors Liquidity Funds plc

STATEMENT OF FINANCIAL POSITION 30 September 2025

avivainvestors.com | Semi-annual report and unaudited financial statements

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Aviva Investors Euro Liquidity Fund Aviva Investors Sterling Government Liquidity Fund 30 September 2025 30 September 2024 30 September 2025 30 September 2024 Note EUR EUR GBP GBP Operating income 38,073,928 57,014,789 100,777,019 138,481,525 Net gains/(losses) on financial assets/liabilities at fair value through profit or loss 3 (504,637) 1,171,965 3,356,733 (46,688) Total investment income 37,569,291 58,186,754 104,133,752 138,434,837 Operating expenses (465,067) (390,400) (236,570) (199,518) Negative yield expense - (92) - Net operating profit 37,104,224 57,796,262 103,897,182 138,235,319 Finance costs Interest expense (1,669) - (1,199) Distributions to shareholders 12 (1,520,034) (2,186,466) (7,916,674) (8,745,953) Total finance costs (1,521,703) (2,186,466) (7,917,873) (8,745,953) Net profit/(loss) 35,582,521 55,609,796 95,979,309 129,489,366 Increase in net assets attributable to shareholders from operations 35,582,521 55,609,796 95,979,309 129,489,366 Aviva Investors Sterling Liquidity Fund Aviva Investors Sterling Liquidity Plus Fund 30 September 2025 30 September 2024 30 September 2025 30 September 2024 Note GBP GBP GBP GBP Operating income 454,834,130 533,231,693 39,562,160 43,394,246 Net gains/(losses) on financial assets/liabilities at fair value through profit or loss 3 87,368,218 2,786,237 2,182,644 1,910,624 Total investment income 542,202,348 536,017,930 41,744,804 45,304,870 Operating expenses (4,428,430) (3,840,075) (175,666) (168,080) Net operating profit 537,773,918 532,177,855 41,569,138 45,136,790 Finance costs Interest expense (5,864) - (319) Distributions to shareholders 12 (450,337,111) (528,886,509) - Total finance costs (450,342,975) (528,886,509) (319) Net profit/(loss) 87,430,943 3,291,346 41,568,819 45,136,790 Increase in net assets attributable to shareholders from operations 87,430,943 3,291,346 41,568,819 45,136,790

Aviva Investors Sterling Standard Liquidity Fund Aviva Investors US Dollar Liquidity Fund 30 September 2025 30 September 2024 30 September 2025 30 September 2024 Note GBP GBP USD USD Operating income 3,339,288 3,648,649 27,744,014 25,375,311 Net gains/(losses) on financial assets/liabilities at fair value through profit or loss 3 (1,070) 38,729 (31,399) 122,921 Total investment income 3,338,218 3,687,378 27,712,615 25,498,232 Operating expenses (99) (104) (432,998) (337,231) Net operating profit 3,338,119 3,687,274 27,279,617 25,161,001 Finance costs Interest expense (175) (226) (86) Distributions to shareholders 12 - - (27,310,750) (24,958,473) Total finance costs (175) (226) (27,310,836) (24,958,473) Net profit/(loss) 3,337,944 3,687,048 (31,219) 202,528 Increase in net assets attributable to shareholders from operations 3,337,944 3,687,048 (31,219) 202,528

There are no recognised gains or losses other than those set out in the above Statement of Comprehensive Income. In arriving at the results of the year al l amounts relate to continuing operations.

Aviva Investors Liquidity Funds plc

STATEMENT OF COMPREHENSIVE INCOME 30 September 2025

avivainvestors.com | Semi-annual report and unaudited financial statements

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Company Total 30 September 2025 30 September 2024 Note GBP GBP Operating income 651,530,323 784,419,456 Net gains/(losses) on financial assets/liabilities at fair value through profit or loss 3 92,450,255 5,779,865 Total investment income 743,980,578 790,199,321 Operating expenses (5,562,283) (4,802,503) Negative yield expense - (78) Net operating profit 738,418,295 785,396,740 Finance costs Interest expense (9,053) (226) Distributions to shareholders 12 (479,507,200) (558,973,851) Total finance costs (479,516,253) (558,974,077) Net profit/(loss) 258,902,042 226,422,663 Increase in net assets attributable to shareholders from operations 258,902,042 226,422,663

There are no recognised gains or losses other than those set out in the above Statement of Comprehensive Income. In arriving at the results of the year al l amounts relate to continuing operations.

Aviva Investors Liquidity Funds plc

STATEMENT OF COMPREHENSIVE INCOME (CONTINUED) 30 September 2025

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Aviva Investors Euro Liquidity Fund Aviva Investors Sterling Government Liquidity Fund 30 September 2025 30 September 2024 30 September 2025 30 September 2024 EUR EUR GBP GBP Net assets attributable to shareholders at the beginning of the year 2,960,295,226 2,717,986,172 5,638,299,729 5,783,401,191 Increase in net assets attributable to shareholders from operations 35,582,521 55,609,796 95,979,309 129,489,366 Shareholder transactions: Proceeds from issue of shares 10,184,492,818 5,661,022,147 14,710,296,688 20,375,126,478 Payments on redemption of shares (9,362,036,485) (5,470,331,863) (16,968,428,595) (20,919,742,557) Distributions Reinvested 122,253 - 1,564,790 Increase/(decrease) in net assets resulting from shareholder transactions 822,578,586 190,690,284 (2,256,567,117) (544,616,079) Net assets attributable to shareholders at the end of the period 3,818,456,333 2,964,286,252 3,477,711,921 5,368,274,478 Aviva Investors Sterling Liquidity Fund Aviva Investors Sterling Liquidity Plus Fund 30 September 2025 30 September 2024 30 September 2025 30 September 2024 GBP GBP GBP GBP Net assets attributable to shareholders at the beginning of the year 20,134,589,070 19,712,074,339 1,664,661,929 1,493,346,550 Increase in net assets attributable to shareholders from operations 87,430,943 3,291,346 41,568,819 45,136,790 Shareholder transactions: Proceeds from issue of shares 44,193,317,324 43,222,155,583 299,633,577 629,181,828 Payments on redemption of shares (43,683,914,571) (42,133,456,354) (248,594,330) (576,179,967) Distributions Reinvested 60,554,333 - - Increase/(decrease) in net assets resulting from shareholder transactions 569,957,086 1,088,699,229 51,039,247 53,001,861 Net assets attributable to shareholders at the end of the period 20,791,977,099 20,804,064,914 1,757,269,995 1,591,485,201 Aviva Investors Sterling Standard Liquidity Fund Aviva Investors US Dollar Liquidity Fund 30 September 2025 30 September 2024 30 September 2025 30 September 2024 GBP GBP USD USD Net assets attributable to shareholders at the beginning of the year 153,580,045 135,346,739 1,004,504,291 929,143,036 Increase in net assets attributable to shareholders from operations 3,337,944 3,687,048 (31,219) 202,528 Shareholder transactions: Proceeds from issue of shares - - 8,066,217,173 4,154,081,413 Payments on redemption of shares (11,366,245) (15,931) (7,747,565,414) (3,975,080,218) Distributions Reinvested - - 2,069,263 Increase/(decrease) in net assets resulting from shareholder transactions (11,366,245) (15,931) 320,721,022 179,001,195 Net assets attributable to shareholders at the end of the period 145,551,744 139,017,856 1,325,194,094 1,108,346,759 Company Total 30 September 2025 30 September 2024 GBP GBP Net assets attributable to shareholders at the beginning of the year 30,840,844,123 30,093,073,785 Increase in net assets attributable to shareholders from operations 258,902,042 226,422,663 Shareholder transactions: Proceeds from issue of shares 73,869,073,889 72,154,328,886 Payments on redemption of shares (74,714,994,871) (71,377,051,687) Distributions Reinvested 63,765,593 Increase/(decrease) in net assets resulting from shareholder transactions (782,155,389) 777,277,199 Foreign currency translation adjustment 94,560,890 (14,610,845) Net assets attributable to shareholders at the end of the period 30,412,151,666 31,082,162,802

Aviva Investors Liquidity Funds plc

STATEMENT OF CHANGES IN NET ASSETS ATTRIBUTABLE TO SHAREHOLDERS 30 September 2025

avivainvestors.com | Semi-annual report and unaudited financial statements

The accompanying notes form an integral part of these financial statements. 12

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1. ORGANISATION Aviva Investors Liquidity Funds plc (the “Company”) was incorporated as an umbrella type open-ended investment company with variable capital and segregated liability between Sub-Funds under the laws of Ireland as a public limited company on 10 May 2002. The Company is an open-ended investment company with variable capital which has been authorised by the Central Bank. The Company is authorised as an Undertaking for Collective Investment in Transferable Securities under the provisions of the European Communities (Undertakings for Collect ive Investment in Transferable Securities) Regulations, 2011 as amended (the “UCITS Regulations”) and the Central Bank (Supervision and Enforcement) Act 2013 (Section 48(1)) (Undertakings for Collective Investment in Transferable Securities) Regulation 2015, as amended (the “Central Bank UCITS Regulations”). The Company has appointed Aviva Investors Luxembourg S.A. as its Manager and The Bank of New York Mellon SA/NV, Dublin Branch as its Depositary. The Manager is responsible for the investment management, distribution and administration of the Company and has appointed Aviva Investors Global Services Limited as Investment Manager and Distributor and BNY Mellon Fund Services (Ireland) Designated Activity Company as Administrator. As at 30 September 2025, the Company has established six active Sub-Funds (30 September 2024: six active Sub-Funds) - Aviva Investors Euro Liquidity Fund (“Euro Liquidity Fund”), Aviva Investors Sterling Government Liquidity Fund (“Sterling Government Liquidity Fund”), Aviva Investors Sterli ng Liquidity Fund (“Sterling Liquidity Fund”), Aviva Investors Sterling Liquidity Plus Fund (“Sterling Liquidity Plus Fund”), Aviva Investors Sterl ing Standard Liquidity Fund (“Sterling Standard Liquidity Fund”) and Aviva Investors US Dollar Liquidity Fund (“US Dollar Liquidity Fund”) (together the “Sub-F unds”). The share capital of the Sub-Funds (the “shares”) is divided into different classes of shares. At 30 September 2025, there were 40 classes of shares in i ssue (30 September 2024: 38 classes of shares in issue). Sub-Fund Structure 1 Classes in Issue Sub-Fund Authorisation Date

Aviva Investors Euro Liquidity Fund LVNAV

Class 1, 2, 3, 5, 6, 7, 8, 9, W Accumulating, W Distributing, Z Accumulating 15 August 2008

Aviva Investors Sterling Government Liquidity Fund LVNAV Class 1, 2, 3, 4, 5, 6, 7, 8, W Accumulating, W Distributing 18 December 2008

Aviva Investors Sterling Liquidity Fund LVNAV Class 1, 2, 3, 9, W Accumulating, W Distributing 5 June 2002 Aviva Investors Sterling Liquidity Plus Fund VNAV Class 1, 2, 3, 4 21 November 2007 Aviva Investors Sterling Standard Liquidity Fund VNAV Class 5, 6, 7, 8 5 July 2023 Aviva Investors US Dollar Liquidity Fund LVNAV Class 1, 2, 3, 4, W Distributing 6 February 2020 1 VNAV – Variable NAV, LVNAV – Low Volatility NAV The investment objective of Aviva Investors Euro Liquidity Fund is to offer returns in line with money market rates and preserve the value of the investment, by investing in fixed or floating rate instruments denominated in Euro. The performance of the Sub-Fund is benchmarked against the Euro Short Term Rate. The investment objective of Aviva Investors Sterling Government Liquidity Fund is to offer returns in line with money market rates and preserve the va lue of the investment by investing primarily in short term government securities and securities issued by agencies or bodies explicitly guaranteed by th e UK Government. The performance of the Sub-Fund is benchmarked against the SONIA rate. The investment objective of Aviva Investors Sterling Liquidity Fund is to offer returns in line with money market rates and to preserve the value of the investment, by investing in a diversified portfolio of high grade Sterling denominated short term debt and debt related instruments. The performanc e of the Sub-Fund is benchmarked against the SONIA rate. The investment objective of Aviva Investors Sterling Liquidity Plus Fund is to provide an investment return with a low level of capital volatility whi lst maintaining liquidity by investing in a diversified portfolio of short term debt and debt related instruments which are primarily denominated in Ste rling but may also be denominated in other currencies and hedged back to Sterling. The performance of the Sub-Fund is benchmarked against the SONIA rate. The investment objective of Aviva Investors Sterling Standard Liquidity Fund is to offer returns in line with money market rates and to preserve the va lue of the investment, by investing in a diversified portfolio of high grade Sterling denominated short term debt and debt related instruments. The performance of the Sub-Fund is benchmarked against the SONIA rate. The investment objective of Aviva Investors US Dollar Liquidity Fund is to offer returns in line with money market rates and to preserve the value of the investment. by investing in fixed or floating rate instruments denominated in US Dollars. The performance of the Sub-Fund is benchmarked against the Secured Overnight Financing Rate (SOFR).

2. SIGNIFICANT ACCOUNTING POLICIES Basis of accounting The financial statements presented are unaudited condensed financial statements for the financial period ended 30 September 2025, which have been prepared in accordance with FRS 104: ‘‘Interim Financial Reporting” (“FRS 104”), the UCITS Regulations and the Central Bank UCITS Regulations. The unaudited condensed financial statements should be read in conjunction with the audited financial statements for the financial year ended 31 March 2025, which have been prepared in accordance with the applicable accounting standards and in accordance with Irish statute comprising the Companies Act 2014, the UCITS Regulations and the Central Bank UCITS Regulations. The financial statements have been prepared on a going concern basis for the Company and Sub-Funds under the historical cost convention as modified by the revaluation of financial assets and liabilities held at fair value through the profit or loss. The format and certain wordings of the financial statements have been adapted from those contained in Irish legislation so that, in the opinion of the Directors, they more appropriately reflect the nature of the Company’s business as an investment fund.

Aviva Investors Liquidity Funds plc

NOTES TO THE FINANCIAL STATEMENTS 30 September 2025

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2. SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) Basis of accounting (continued) The Company has availed of the exemption available to open-ended investment funds under Section 7 “Statement of Cash Flows” of FRS 102, not to prepare a cash flow statement on the basis that substantially all of the Company’s investments are highly liquid and carried at fair value, and the Company provides a Statement of Changes in Net Assets attributable to Shareholders. The Directors have a reasonable expectation that the Company will continue in operational existence for twelve months from the date of approval of the financial statements (‘the period of assessment’) and have prepared the financial statements on a going concern basis.

3. NET GAINS/(LOSSES) ON FINANCIAL ASSETS/LIABILITIES AT FAIR VALUE THROUGH PROFIT OR LOSS Aviva Investors Euro Liquidity Fund Aviva Investors Sterling Government Liquidity Fund 30 September 2025 30 September 2024 30 September 2025 30 September 2024 EUR EUR GBP GBP Net realised gains/(losses) on investments in securities - (168,249) - (466,369) Net realised gains/(losses) on financial derivative instruments - - - Net change in unrealised gains/(losses) on investments in securities (504,637) 1,340,214 3,356,733 419,681 Net change in unrealised gains/(losses) on financial derivative instruments - - - Total (504,637) 1,171,965 3,356,733 (46,688) Aviva Investors Sterling Liquidity Fund Aviva Investors Sterling Liquidity Plus Fund 30 September 2025 30 September 2024 30 September 2025 30 September 2024 GBP GBP GBP GBP Net realised gains/(losses) on investments in securities 52,262 (482,954) 51,107 138,810 Net realised gains/(losses) on financial derivative instruments - - (184,004) Net change in unrealised gains/(losses) on investments in securities 87,315,956 3,269,191 2,318,512 1,771,814 Net change in unrealised gains/(losses) on financial derivative instruments - - (2,971) Total 87,368,218 2,786,237 2,182,644 1,910,624 Aviva Investors Sterling Standard Liquidity Fund Aviva Investors US Dollar Liquidity Fund 30 September 2025 30 September 2024 30 September 2025 30 September 2024 GBP GBP USD USD Net realised gains/(losses) on investments in securities 21,680 (6,585) - (79,606) Net realised gains/(losses) on financial derivative instruments - - - Net change in unrealised gains/(losses) on investments in securities (22,750) 45,314 (31,399) 202,527 Net change in unrealised gains/(losses) on financial derivative instruments - - - Total (1,070) 38,729 (31,399) 122,921 Company Total 30 September 2025 30 September 2024 GBP GBP Net realised gains/(losses) on investments in securities 125,049 (1,022,090) Net realised gains/(losses) on financial derivative instruments (184,004) Net change in unrealised gains/(losses) on investments in securities 92,512,181 6,801,955 Net change in unrealised gains/(losses) on financial derivative instruments (2,971) Total 92,450,255 5,779,865

Aviva Investors Liquidity Funds plc

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) 30 September 2025

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4. FEES AND EXPENSES The total fees and expenses of the Sub-Funds to be borne by each class of share will currently be limited by the Manager to an amount equivalent to the fees payable to the Manager as set out below (the "Fixed Rates"). The Fixed Rates as per the Prospectus, during the financial period ended 30 September 2025 and 30 September 2024 were as follows: Sub Fund Basis Points Aviva Investors Euro Liquidity Fund Class 1 20.00 bps Class 2 15.00 bps Class 3 10.00 bps Class 5 0.00 bps Class 6 20.00 bps Class 7 15.00 bps Class 8 10.00 bps Class 9 0.00 bps W Accumulating 10.00 bps W Distributing* 10.00 bps Z Accumulating 1.50 bps

Aviva Investors Sterling Government Liquidity Fund Class 1 20.00 bps Class 2 15.00 bps Class 3 10.00 bps Class 4 0.00 bps Class 5 20.00 bps Class 6 15.00 bps Class 7 10.00 bps Class 8 0.00 bps W Accumulating 10.00 bps W Distributing 10.00 bps

Aviva Investors Sterling Liquidity Fund Class 1 20.00 bps Class 2 15.00 bps Class 3 10.00 bps Class 9 0.00 bps W Accumulating 10.00 bps W Distributing 10.00 bps

Aviva Investors Sterling Liquidity Plus Fund Class 1 20.00 bps Class 2 15.00 bps Class 3 10.00 bps Class 4 0.00 bps

Aviva Investors Sterling Standard Liquidity Fund Class 5 20.00 bps Class 6 15.00 bps Class 7 10.00 bps Class 8 0.00 bps

Aviva Investors US Dollar Liquidity Fund Class 1 20.00 bps Class 2 15.00 bps Class 3 10.00 bps Class 4 0.00 bps W Distributing 10.00 bps

*Launched on 30 September 2025. The Prospectus of the Company sets out a comprehensive disclosure of the fees and expenses. Fees will be accrued on each dealing day, be payable monthly in arrears and be calculated with reference to the average net assets of the Sub-Fund on a monthly basis (i.e. which equals the aggregate of the net assets of the Sub-Fund on each dealing day during a calendar month divided by the number of dealing days in that calendar month).

Aviva Investors Liquidity Funds plc

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) 30 September 2025

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4. FEES AND EXPENSES (CONTINUED) MANAGEMENT FEES The Manager will absorb (directly by first the rebate of its fees and to the extent necessary reimbursing the other operating costs of each class of shar es), any additional fees, ordinary costs or expenses that may arise in respect of the actual cost of management and operation of the Company attributable to each class of share. The fees payable to the Directors, the Depositary, the Administrator, the Investment Manager and the Distributor are paid by the Manager out of its fee.

Directors’ Fees For the financial period ended 30 September 2025 and 30 September 2024, Anthony Callcott and Martin Bell received no fees, as they are not entitled to receive remuneration. Denise Kinsella and Deirdre Gormley earned fees of EUR 55,000 in aggregate for the financial period ended 30 September 2025 (30 September 2024: EUR 55,000).

5. CASH AND CASH EQUIVALENTS Cash balances are held with The Bank of New York Mellon SA/NV (the "Depositary") as at 30 September 2025 and as at 31 March 2025. The Depositary has a long-term credit rating from Moody's for 30 September 2025: Aa3 (31 March 2025: Aa3).

6. TAXATION Under current law and practice the Company qualifies as an investment undertaking as defined in Section 739B of the Taxes Consolidation Act, 1997, as amended (the “TCA”). On that basis, it is not chargeable to Irish tax on its income or gains. However, Irish tax can arise on the happening of a "chargeable event" in the Company. A chargeable event includes for example any distribution payments to shareholders, or any encashment, redemption, cancellation, or transfer of shares or a deemed disposal of shares for Irish tax purposes, arising as a result of holding shares in the Company for a period of eight years or more, or the appropriation or cancellation of shares of a shareholder b y the Company for the purposes of meeting the amount of tax payable on a gain arising on a transfer. No Irish tax will arise on the Company in respect of chargeable events if: a) A shareholder is neither resident in Ireland nor ordinarily resident in Ireland (“Non-Irish Resident”) for tax purposes and it (or an intermediary acting on its behalf) has made the necessary declaration to that effect and the Company is not in possession of any information which would reasonably suggest that the information contained in the declaration is not, or is no longer, materially correct; or b) A shareholder is Non-Irish Resident and has confirmed that to the Company and the Company is in possession of written notice of approval from the Revenue Commissioners to the effect that the requirement to provide the necessary declaration of non-residence has been complied with in respect of the shareholder and the approval has not been withdrawn; or c) A shareholder is an exempt Irish Resident; or d) A transfer by a shareholder of shares to a spouse or former spouse, subject to certain conditions; or e) An exchange of Shares arising on a qualifying amalgamation or reconstruction (within the meaning of Section 739H of the Taxes Act) of the Company with another investment undertaking. Dividends, interest and capital gains (if any) received on investments made by the Company may be subject to withholding taxes imposed by the country from which the investment income/gains are received and such taxes may not be recoverable by the Company or its shareholders.

UK Reporting Fund Status For 30 September 2025, Classes 1, 2, 3, 6, 7, 8 and 9 of the Aviva Investors Euro Liquidity Fund, Classes 5, 6 and 7 of Aviva Investors Sterling Government Liquidity Fund, Classes 1, 2, 3 and 9 of Aviva Investors Sterling Liquidity Fund, Classes 1, 2, 3 and 4 of Aviva Investors Sterling Liquidity Plus Fund, Classes 5, 6, 7 and 8 of Aviva Investors Sterling Standard Liquidity Fund and Classes 1, 2 and 3 of Aviva Investors US Dollar Liquidity Fund have been approved as Reporting Funds by HM Revenue and Customs under the provisions of the Offshore (Tax) Regulations 2009. As a Reporting Fund for UK tax purposes the Sub-Funds are required to report their reported income within six months of the end of the accounts financial year. The Sub-Funds intend to publish the relevant shareholder information, as required by HM Revenue & Customs under the provisions of The Offshore Funds (Tax) Regulations 2009, on the Aviva Investors website on an annual basis within six months of the Company’s financial year end, being 31 March. A hard copy of the reported income statement may be obtained from the Investment Manager at the address on page 3 of this report.

7. SHARE CAPITAL Authorised The authorised share capital of the Company is comprised of 1,000,000,000,000 Redeemable Participating Shares of no par value initially designated as unclassified shares, which have subsequently been classified as Class 1, Class 2, Class 3, Class 4, Class 5, Class 6, Class 7, Class 8, Class 9, W Accumul ating, W Distributing and Z Accumulating, and 40,000 subscriber shares of EUR 1.

Subscriber Share Capital The subscriber share capital issued by the Company is EUR 40,000 represented by 40,000 subscriber shares at an issue price of EUR 1 per share of which EUR 10,000 has been paid up. As they are not designated as redeemable participating shares, they do not form part of the net asset value of the Company.

Aviva Investors Liquidity Funds plc

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) 30 September 2025

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7. SHARE CAPITAL (CONTINUED) Redeemable Participating Shares The Redeemable Participating Shares issued by the Company are freely transferable and are entitled to participate equally in the profits and dividen ds of the Company and its assets upon liquidation. The Fund has segregated liability between its Sub-Funds and accordingly any liability incurred on beh alf of or attributable to any Sub-Fund shall be discharged solely out of the assets of that Sub-Fund. The Redeemable Participating Shares, which are of no par value and which must be fully paid-up on issue, carry no preferential or pre-emptive rights. The Redeemable Participating Shares are entitled to one vote each at all meetings of the relevant class of shareholders. All shares of each Sub-Fund ra nk pari passu.

Limitations on Purchases Shares may not be issued or sold by the Sub-Fund during any period when the calculation of the Net Asset Value of the relevant Sub-Fund is suspended in the manner described under “Suspension of Calculation of Net Asset Value” as per the prospectus. Applicants for Shares will be notified of such postponement and, unless withdrawn, their applications will be considered as at the next Dealing Day following the ending of such suspension. Shares may not be directly or indirectly offered or sold in the United States or purchased or held by or for U.S. Persons except in a transaction which doe s not violate United States securities laws.

Limitations on Redemptions The Company may not redeem Shares of any Sub-Fund during any period when the calculation of the Net Asset Value of the relevant Sub-Fund is suspended in the manner described under “Suspension of Calculation of Net Asset Value” as per the prospectus. Applicants for redemptions of Shares will be notified of such postponement and, unless withdrawn, their applications will be considered as at the next dealing day following the ending of such suspension. The Directors are entitled to limit the number of Shares of any Sub-Fund repurchased on any dealing day to Shares representing 10 per cent of the total Net Asset Value of that Sub-Fund on that dealing day (for LVNAV Sub-Funds, such gate may apply for up to 15 Business Days at a time). In this event, the limitation will apply pro rata so that all Shareholders wishing to have Shares of that Sub-Fund redeemed on that dealing day realise the same proportio n of such Shares. Shares not redeemed, but which would otherwise have been redeemed, will be carried forward for redemption on the next dealing day. If requests for redemption are so carried forward, the Administrator will inform the Shareholders affected. The Articles of Association of the Company contains special provisions where a redemption request received from a Shareholder would result in Shares representing more than five per cent of the Net Asset Value of any Sub-Fund being redeemed by the Company on any dealing day. In such a case, the Company may satisfy the redemption request by a distribution of investments of the relevant Sub-Fund in specie provided that such a distribution would not be prejudicial to the interests of the remaining Shareholders of that Sub-Fund. Where the Shareholder requesting such redemption receives notice of the Company’s intention to elect to satisfy the redemption request by such a distribution of assets that Shareholder may require the Company instead of transferring those assets to arrange for their sale and the payment of the proceeds of sale to that Shareholder less any costs incurred in connection with such sale. The Articles of Association of the Company provide that the Company cannot effect a redemption of Shares, if after payment of any amount in connection with such redemption, the Net Asset Value of the issued share capital of the Company would be equal to or less than Euro 40,000 or its foreign currency equivalent. This will not apply to a redemption request accepted by the Directors in contemplation of the dissolution of the Company . The movement in the number of Redeemable Participating Shares during the financial year ended 30 September 2025 is as follows: Balance at the beginning of the period Issued during the period Redeemed during the period Balance at the end of the period Aviva Investors Euro Liquidity Fund Class 1 74,210 - - 74,210 Class 2 407 - - 407 Class 3 4,517,326 33,494,880 (32,503,298) 5,508,908 Class 5 21,273,543 18,278,533 (30,125,252) 9,426,824 Class 6 428 43,330 (443) 43,315 Class 7 429 43,571 (432) 43,568 Class 8 1,778,955 505,839,033 (260,562,125) 247,055,863 Class 9 430 43,535 (434) 43,531 W Accumulating 40 - - 40 W Distributing - 50,000 - 50,000 Z Accumulating 581,803 37,543,193 (18,669,931) 19,455,065

Aviva Investors Liquidity Funds plc

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) 30 September 2025

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7. SHARE CAPITAL (CONTINUED)

Balance at the beginning of the period Issued during the period Redeemed during the period Balance at the end of the period Aviva Investors Sterling Government Liquidity Fund Class 1 360,134 7,571 (10) 367,695 Class 2 43,824 941 (10) 44,755 Class 3 500,496,089 2,464,775,834 (2,655,053,492) 310,218,431 Class 4 43,948 967 - 44,915 Class 5 40 - - 40 Class 6 40 - - 40 Class 7 7,694 209,918 (129,965) 87,647 Class 8 4,510,951 10,686,994 (12,566,774) 2,631,171 W Accumulating 6,658 2,130 (2,357) 6,431 W Distributing 28,908,284 6,207,076 (10,064,884) 25,050,476 Aviva Investors Sterling Liquidity Fund Class 1 76,691,208 115,192,884 (96,142,511) 95,741,581 Class 2 49,938,318 73,609,242 (78,067,849) 45,479,711 Class 3 7,991,766,247 23,075,686,899 (22,967,874,347) 8,099,578,799 Class 9 11,963,508,316 20,932,825,988 (20,418,091,851) 12,478,242,453 W Accumulating 2,553 2,157 (1,767) 2,943 W Distributing 46,893,845 48,846,737 (27,730,709) 68,009,873 Aviva Investors Sterling Liquidity Plus Fund Class 1 8,269 2,423 (3,732) 6,960 Class 2 950 213 - 1,163 Class 3 225,900 182,177 (143,403) 264,674 Class 4 1,052,015 38,128 (38,127) 1,052,016 Aviva Investors Sterling Standard Liquidity Fund Class 5 40 - - 40 Class 6 40 - (40) Class 7 40 - (40) Class 8 139,992 - (10,169) 129,823 Aviva Investors US Dollar Liquidity Fund Class 1 40,000 14 (14) 40,000 Class 2 40,000 250 - 40,250 Class 3 657,258,204 5,488,580,739 (5,152,216,224) 993,622,719 Class 4 347,033,777 2,579,704,482 (2,595,349,176) 331,389,083 W Distributing 42,620 951 - 43,571

The movement in the number of Redeemable Participating Shares during the financial year ended 30 September 2024 is as follows: Balance at the beginning of the period Issued during the period Redeemed during the period Balance at the end of the period Aviva Investors Euro Liquidity Fund Class 1 195,926 - - 195,926 Class 2 407 - - 407 Class 3 4,580,183 28,174,832 (26,106,268) 6,648,747 Class 5 19,406,748 25,113,302 (22,961,076) 21,558,974 Class 6 414 8 - 422 Class 7 414 8 - 422 Class 8 2,597,836 2,090,490 (4,482,023) 206,303 Class 9 415 8 - 423 W Accumulating 40 - - 40

Aviva Investors Liquidity Funds plc

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) 30 September 2025

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7. SHARE CAPITAL (CONTINUED)

Balance at the beginning of the period Issued during the period Redeemed during the period Balance at the end of the period Aviva Investors Sterling Government Liquidity Fund Class 1 24,330,148 16,836,725 (20,950,000) 20,216,873 Class 2 41,752 1,073 - 42,825 Class 3 265,175,556 1,588,231,116 (1,630,224,556) 223,182,116 Class 4 41,808 1,106 - 42,914 Class 5 40 - - 40 Class 6 3,247 - (3,207) 40 Class 7 666 15,321 (3,753) 12,234 Class 8 5,108,399 17,228,038 (17,718,895) 4,617,542 W Accumulating 40 19,811 (4,472) 15,379 W Distributing 40,467 3,474,890 - 3,515,357 Aviva Investors Sterling Liquidity Fund Class 1 97,670,393 7,548,642 (2,029,867) 103,189,168 Class 2 51,934,521 71,253,033 (70,250,008) 52,937,546 Class 3 6,060,094,934 22,289,377,686 (20,667,545,618) 7,681,927,002 Class 9 13,488,155,623 20,822,391,358 (21,384,515,717) 12,926,031,264 W Accumulating 541 1,009 (519) 1,031 W Distributing 12,069,438 30,540,284 (8,578,404) 34,031,318 Aviva Investors Sterling Liquidity Plus Fund Class 1 4,174 11,318 (10,667) 4,825 Class 2 862 16 - 878 Class 3 196,180 71,306 (60,366) 207,120 Class 4 1,017,812 425,509 (393,455) 1,049,866 Aviva Investors Sterling Standard Liquidity Fund Class 5 40 - - 40 Class 6 55 - (15) 40 Class 7 40 - - 40 Class 8 129,823 - - 129,823 Aviva Investors US Dollar Liquidity Fund Class 1 238,618 751,504 (950,122) 40,000 Class 2 40,000 - - 40,000 Class 3 686,052,791 3,411,928,787 (3,338,730,095) 759,251,483 Class 4 242,800,000 741,400,000 (635,400,000) 348,800,000 W Distributing 40,505 1,121 - 41,626

Refer to Note 12 for distributions to shareholders.

8. RELATED PARTY TRANSACTIONS Related parties to the Company include the Investment Manager, the Manager, Directors and Aviva Group which is a related party of the Investment Manager. The Investment Manager is the beneficial owner of 39,993 (30 September 2024: 39,993) subscriber shares issued by the Company, which do not form part of the net asset value of the Company. The Investment Manager and the Sub- Investment Manager are related parties. The Investment Management fee incurred for the financial period is disclosed in Note 4 to the financial statements. At period end, Anthony Callcott and Martin Bell are employees of the Investment Manager. Martin Bell is Director of the Manager. Denise Kinsella and Deirdre Gormley are independent directors. Further details of Directors’ remuneration are disclosed in Note 4. Aviva Group is a related party of the Investment Manager. As at 30 September 2025, Aviva Group Holdings Limited made a subscription of GBP 73,254,418 (30 September 2024: GBP 71,032,679) into Share Class 5 of Aviva Investors Euro Liquidity Fund, GBP 1,650,500,000 (30 September 2024: GBP 1,712,592,474) into Share Class 8 of Aviva Investors Sterling Government Liquidity Fund and GBP 223,514 (30 September 2024: GBP 4,500,000) into Share Class 4 of Aviva Investors USD Liquidity Fund. The table below shows the percentage ownership of issued shared capital of the Sub-Funds, by related Aviva entities: 30 September 2025 % 30 September 2024 % Aviva Investors Euro Liquidity Fund Aviva DB Trustee Company Ireland Designated Activity Company 0.94 Aviva Group Holdings Limited 2.37 2.79

Aviva Investors Liquidity Funds plc

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) 30 September 2025

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8. RELATED PARTY TRANSACTIONS (CONTINUED) 30 September 2025 %

30 September 2024 % Aviva Insurance Ireland Designated Activity Company 2.65 5.01 Aviva Insurance Limited 1.02 0.56 Aviva Investors Holdings Limited 0.38 0.01 Aviva Investors Luxembourg 13.75 10.59 Aviva Investors UK Fund Services Limited 0.19 Aviva Life & Pensions Ireland Designated Activity Company 57.11 73.15 Aviva Life & Pensions UK Limited 4.73 5.97 Aviva Plc 16.84 0.28 Aviva Staff Pension Trustee Limited 0.02 0.23 Aviva Trustee Company Ireland Designated Activity Company - 1.42 Total 100.00 100.01 Aviva Investors Sterling Government Liquidity Fund Aviva Equity Release UK Limited 2.29 1.34 Aviva Group Holdings Limited 33.98 32.17 Aviva International Insurance Limited 14.92 22.10 Aviva Investors Holdings Limited 6.33 4.36 Aviva Life & Pensions UK Limited 17.89 38.41 Aviva Life Holdings UK Limited 0.01 0.75 Aviva Life Services UK Limited 4.49 0.19 Aviva Plc 20.09 0.69 Total 100.00 100.01 Aviva Investors Sterling Liquidity Fund Aviva ERFA 15 UK Limited 4.17 2.75 Aviva Group Holdings Limited - 0.38 Aviva Insurance Limited 4.12 5.43 Aviva International Insurance Limited 1.38 3.20 Aviva Investors Global Services Limited 1.27 1.17 Aviva Investors Holdings Limited 0.93 0.50 Aviva Investors Luxembourg 2.46 2.89 Aviva Investors Pensions Limited - 0.01 Aviva Investors UK Fund Services Limited 5.87 5.51 Aviva Life & Pensions UK Limited 71.03 70.69 Aviva Life Holdings UK Limited 0.48 0.40 Aviva Life Services UK Limited 2.14 1.64 Aviva Staff Pension Trustee Limited 3.49 3.06 Friends Provident Pension Scheme Trustee Limited 0.56 0.36 Total 97.90 97.99 Aviva Investors Sterling Liquidity Plus Fund Aviva Investors Holdings Limited 0.08 0.15 Aviva Life & Pensions UK Limited 99.92 99.85 Total 100.00 100.00 Aviva Investors Sterling Standard Liquidity Fund Aviva Investors Holdings Limited 0.03 0.09 Aviva Investors Luxembourg 42.28 42.25 Aviva Investors UK Fund Services Limited 57.69 57.66 Total 100.00 100.00 Aviva Investors US Dollar Liquidity Fund Aviva Group Holdings Limited 0.23 0.43 Aviva Insurance Limited 3.38 6.78 Aviva Investors Global Services Limited 0.01 0.01 Aviva Investors Holdings Limited 0.12 0.18 Aviva Investors Luxembourg 66.37 60.40 Aviva Investors UK Fund Services Limited 6.93 6.41 Aviva Life & Pensions Ireland Designated Activity Company - 0.43

Aviva Investors Liquidity Funds plc

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) 30 September 2025

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8. RELATED PARTY TRANSACTIONS (CONTINUED) 30 September 2025 %

30 September 2024 % Aviva Life & Pensions UK Limited 22.47 24.83 Aviva Life Services UK Limited 0.49 0.55 Total 100.00 100.02

Cross Holdings within Company At 30 September 2025, the market value of the cross holdings investments held by Aviva Investors Sterling Liquidity Plus Fund in Aviva Investors Sterl ing Liquidity Fund and Aviva Investors Sterling Standard Liquidity Fund was GBP 47,912,823 and GBP 27,930,201 respectively (31 March 2025: GBP 86,212,822 and GBP 27,311,131) and these have been eliminated on the Company total in the Statement of Financial Position. Proceeds from issue of shares and payments on redemption of shares have been eliminated in the Statement of Changes in Net Assets Attributable to Shareholders. Dividend Income of GBP 278,203 (31 March 2025: GBP 4,592,798) on Aviva Investors Sterling Liquidity Fund is eliminated on the Company total in the Statement of Comprehensive Income and the corresponding impact on Receivables GBP 278,197 (31 March 2025: GBP Nil) and Cash and Cash Equivalents GBP Nil (31 March 2025: GBP Nil) has also been eliminated in the Company total in Statement of Financial Position. There is no Dividend Income, Receivable and Cash and Cash Equivalent in Aviva Investors Sterling Standard Liquidity Fund. For the financial period ended 30 September 2025, 376,200,000 shares of Aviva Investors Sterling Liquidity Fund were purchased at the fair value of GBP 376,200,000 (31 March 2025: 1,053,000,00 0 shares at the fair value of GBP 1,053,000,000) and Nil shares of Aviva Investors Sterling Standard Liquidity Fund were purchased at the fair value of GB P Nil (31 March 2025: Nil shares at the fair value of GBP Nil). 421,300,000 shares of Aviva Investors Sterling Liquidity Fund were sold at the fair value of GBP 421,300,000 (31 March 2025: 1,005,000,000 shares at the fair value of GBP 1,005,000,000) and no sell positions for Aviva Investors Sterling Standard Liquidity Fund. At 30 September 2025, the market value of the cross holdings investments held by Aviva Investors Sterling Standard Liquidity Fund in Aviva Investors Sterling Liquidity Fund was GBP 6,850,610 (31 March 2025: 5,850,610) and these have been eliminated on the Company total in the Statement of Financial Position. Proceeds from issue of shares and payments on redemption of shares have been eliminated in the Statement of Changes in Net Assets Attributable to Shareholders. Dividend Income of GBP 25,430 (31 March 2025: 329,903) on this investment is eliminated on the Company total in the Statement of Comprehensive Income and the corresponding impact on Receivables GBP 23,575 (31 March 2025: Nil) and Cash and Cash Equivalents GBP Nil (31 March 2025: Nil) has also been eliminated in the Company total in Statement of Financial Position. For the financial year ended 30 September 2025, 3,800,000 shares were purchased at the fair value of GBP 3,800,000 (31 March 2025: 4,419,247 shares at the fair value of GBP 4,419,247) and 3,100,000 shares were sold at the fair value of GBP 3,100,000. 100,000 shares of Aviva Investors Euro Liquidity Fund were purchased at the fair valu e of GBP 100,000 (31 March 2025: Nil) and 100,009 shares of Aviva Investors Euro Liquidity Fund were purchased at the fair value of GBP 100,009 (31 March 2025: Nil).

9. FAIR VALUE ESTIMATION Under FRS 102, the Company is required to classify fair value measurements using a fair value hierarchy that reflects the significance of the inputs us ed in making the measurements. The fair value hierarchy has the following levels: Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2: Inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly (that is, as prices) or indirectly (that is, derived from prices). Level 3: Inputs for the asset or liability that are not based on observable market data (that is, unobservable inputs). The level in the fair value hierarchy within which the fair value measurement is categorised in its entirety is determined on the basis of the lowest lev el input that is significant to the fair value measurement in its entirety. For this purpose, the significance of an input is assessed against the fair val ue measurement in its entirety. If a fair value measurement uses observable inputs that require significant adjustment based on unobservable inputs, t hat measurement is a level 3 measurement. Assessing the significance of a particular input to the fair value measurement in its entirety requires judgeme nt, considering factors specific to the asset or liability. The determination of what constitutes ‘observable’ requires significant judgement by the C ompany. The Company considers observable data to be that market data that is readily available, regularly distributed or updated, reliable and verifiable, n ot proprietary, and provided by independent sources that are actively involved in the relevant market. The following tables analyse within the fair value hierarchy the Company's financial assets and financial liabilities measured at fair value at 30 Se ptember 2025 and in accordance with FRS 102: Level 1 Level 2 Level 3 Total Aviva Investors Euro Liquidity Fund EUR EUR EUR EUR Financial assets at fair value through profit or loss: Liquidity instruments - 3,739,645,453 - 3,739,645,453 Bonds - 168,997,638 - 168,997,638 Reverse repurchase agreements - 50,000,000 - 50,000,000 Total - 3,958,643,091 - 3,958,643,091

Aviva Investors Sterling Government Liquidity Fund GBP GBP GBP GBP Financial assets at fair value through profit or loss: Bonds - 1,561,305,578 - 1,561,305,578 Reverse repurchase agreements - 1,915,500,000 - 1,915,500,000 Total - 3,476,805,578 - 3,476,805,578

Aviva Investors Liquidity Funds plc

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) 30 September 2025

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9. FAIR VALUE ESTIMATION (CONTINUED) Level 1 Level 2 Level 3 Total Aviva Investors Sterling Liquidity Fund GBP GBP GBP GBP Financial assets at fair value through profit or loss: Liquidity instruments - 18,596,660,639 - 18,596,660,639 Bonds - 795,533,010 - 795,533,010 Reverse repurchase agreements - 1,777,100,000 - 1,777,100,000 Total - 21,169,293,649 - 21,169,293,649

Aviva Investors Sterling Liquidity Plus Fund GBP GBP GBP GBP Financial assets at fair value through profit or loss: Collective investment schemes - 75,843,024 - 75,843,024 Liquidity instruments - 316,545,103 - 316,545,103 Bonds - 1,372,296,675 - 1,372,296,675 Forward Currency Exchange Contracts - 219,690 - 219,690 Total - 1,764,904,492 - 1,764,904,492 Financial liabilities at fair value through profit or loss: Forward Currency Exchange Contracts - (222,660) - (222,660) Total Financial liabilities at fair value through profit or loss: - (222,660) - (222,660)

Aviva Investors Sterling Standard Liquidity Fund GBP GBP GBP GBP Financial assets at fair value through profit or loss: Collective investment schemes - 6,850,610 - 6,850,610 Liquidity instruments - 112,471,218 - 112,471,218 Bonds - 25,144,956 - 25,144,956 Total - 144,466,784 - 144,466,784 Aviva Investors US Dollar Liquidity Fund USD USD USD USD Financial assets at fair value through profit or loss: Liquidity instruments - 1,322,227,123 - 1,322,227,123 Bonds - 15,000,000 - 15,000,000 Total - 1,337,227,123 - 1,337,227,123

The following tables analyse within the fair value hierarchy the Company's financial assets measured at fair value at 31 March 2025 and in accordance with FRS 102: Level 1 Level 2 Level 3 Total Aviva Investors Euro Liquidity Fund EUR EUR EUR EUR Financial assets at fair value through profit or loss: Liquidity instruments - 2,876,733,380 - 2,876,733,380 Bonds - 107,970,972 - 107,970,972 Total - 2,984,704,352 - 2,984,704,352

Aviva Investors Sterling Government Liquidity Fund GBP GBP GBP GBP Financial assets at fair value through profit or loss: Bonds - 1,977,503,361 - 1,977,503,361 Reverse repurchase agreements - 3,662,200,000 - 3,662,200,000 Total - 5,639,703,361 - 5,639,703,361

Aviva Investors Sterling Liquidity Fund GBP GBP GBP GBP Financial assets at fair value through profit or loss: Liquidity instruments - 19,340,117,018 - 19,340,117,018 Bonds - 594,823,837 - 594,823,837 Reverse repurchase agreements - 582,400,000 - 582,400,000 Total - 20,517,340,855 - 20,517,340,855

Aviva Investors Liquidity Funds plc

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) 30 September 2025

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9. FAIR VALUE ESTIMATION (CONTINUED) Level 1 Level 2 Level 3 Total Aviva Investors Sterling Liquidity Plus Fund GBP GBP GBP GBP Financial assets at fair value through profit or loss: Collective investment schemes - 113,523,953 - 113,523,953 Liquidity instruments - 286,274,097 - 286,274,097 Bonds - 1,278,715,845 - 1,278,715,845 Total - 1,678,513,895 - 1,678,513,895

Aviva Investors Sterling Standard Liquidity Fund GBP GBP GBP GBP Financial assets at fair value through profit or loss: Collective investment schemes - 5,850,610 - 5,850,610 Liquidity instruments - 130,828,957 - 130,828,957 Bonds - 20,836,678 - 20,836,678 Total - 157,516,245 - 157,516,245

Aviva Investors US Dollar Liquidity Fund USD USD USD USD Financial assets at fair value through profit or loss: Liquidity instruments - 990,140,345 - 990,140,345 Bonds - 15,008,863 - 15,008,863 Total - 1,005,149,208 - 1,005,149,208

There were no transfers between levels of investments held during the financial period ended 30 September 2025 and financial year ended 31 March 2025. Please note that the Schedules of Investments have 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 to a different geographical classification.

10. EXCHANGE RATES The conversion exchange rates used in the Statement of Financial Position were as at period end date. 30 September 2025 30 September 2024 Currency Rate Rate GBP = 1 EUR 1.1453 1.1970 USD 1.3443 1.3404

The conversion exchange rates used in the Statement of Comprehensive Income and Statement of Changes in Net Assets were the average rates for the period. 30 September 2025 30 September 2024 Currency Rate Rate GBP = 1 EUR 1.1658 1.1779 USD 1.3422 1.2809

11. INCOME FROM REVERSE REPURCHASE AGREEMENTS For the purposes of efficient portfolio management the Company has, under the terms of its Prospectus, a general ability to use the following financia l derivative instruments: options, futures, currency forwards, currency swaps and interest rate swaps. However the Company does not currently use su ch instruments, with the exception of currency forwards on Aviva Investors Sterling Liquidity Plus Fund. The Directors have the authority to change thi s policy but shall notify shareholders in the Company before implementing any such change. The Company does enter into reverse repurchase agreements for the purposes of efficient portfolio management and the use of such instruments (and any other techniques or instruments for efficient portfolio management purposes) is subject to the conditions and limits thereon laid down by the Central Bank.

Aviva Investors Liquidity Funds plc

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) 30 September 2025

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11. INCOME FROM REVERSE REPURCHASE AGREEMENTS (CONTINUED) During the financial period, reverse repurchase agreements were entered into for the purpose of efficient portfolio management in order to increase capital and income returns. Details of all open transactions at the financial period end are disclosed in the Portfolios of Investments. A UCITS is req uired to disclose the revenues arising from efficient portfolio management techniques for the entire reporting year together with the direct and indirect operational costs and fees incurred. The table below shows revenue earned from reverse repurchase agreements during the financial period ended 30 September 2025 and 30 September 2024. Currency 30 September 2025 30 September 2024 Aviva Investors Euro Liquidity Fund EUR 16,023 Aviva Investors Sterling Government Liquidity Fund GBP 76,026,846 87,379,818 Aviva Investors Sterling Liquidity Fund GBP 33,787,496 20,226,839

Transaction costs on the purchase and sale of reverse repurchase agreements are included in the purchase and sale price of the investment. These costs cannot be practically or reliably gathered as they are embedded in the cost of the investment and cannot be separately verified or disclosed. Aviva Investors Sterling Liquidity Fund, Aviva Investors Sterling Liquidity Plus Fund, Aviva Investors Sterling Standard Liquidity Fund and Aviva Investors US Dollar Liquidity Fund did not have open reverse repurchase agreement transactions at the financial period ended 30 September 2025 and 30 September 2024.

12. DISTRIBUTIONS TO SHAREHOLDERS Currency 30 September 2025 30 September 2024 Aviva Investors Euro Liquidity Fund Class 6 EUR 441 772 Class 7 EUR 453 783 Class 8 EUR 1,518,649 2,184,095 Class 9 EUR 488 816 W Distributing EUR 3 Aviva Investors Sterling Government Liquidity Fund Class 1 GBP 7,395 650,765 Class 2 GBP 911 1,058 Class 3 GBP 7,343,977 8,086,399 Class 4 GBP 948 1,091 W Distributing GBP 563,443 6,640 Aviva Investors Sterling Liquidity Fund Class 1 GBP 1,465,989 2,512,173 Class 2 GBP 1,090,690 1,425,273 Class 3 GBP 183,881,211 191,599,450 Class 9 GBP 262,607,225 332,929,899 W Distributing GBP 1,291,996 419,714 Aviva Investors US Dollar Liquidity Fund Class 1 USD 856 6,052 Class 2 USD 868 1,067 Class 3 USD 18,914,741 18,218,828 Class 4 USD 8,393,339 6,731,419 W Distributing USD 946 1,107

Aviva Investors Euro Liquidity Fund, Class 1, Class 2, Class 3, Class 5, W Accumulating and Z Accumulating did not distribute for the financial period e nded 30 September 2025 and 30 September 2024. For Aviva Investors Sterling Government Liquidity Fund, Class 5, Class 6, Class 7, Class 8 and W Accumulating which are non-distributing shares. For Aviva Investors Sterling Liquidity Fund, W Accumulating is non-distributing shares. The shares of Aviva Inv estors Sterling Liquidity Plus Fund and Aviva Investors Sterling Standard Liquidity Fund are accumulating shares and therefore carry no rights to any divid end. The net income/loss attributable to the shares shall be allocated to the specific Share Class within the Sub-Fund and the value of the shares shall rise or fall accordingly.

Aviva Investors Liquidity Funds plc

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) 30 September 2025

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13. COLLATERAL The Sub-Funds outlined below engaged in reverse repurchase agreements during the financial year. The value of reverse repurchase agreements and collateral (non-cash collateral) as at 30 September 2025 and 31 March 2025 are shown below:

Currency

Value of reverse repurchase agreements 30 September 2025

Value of collateral received 30 September 2025

Value of reverse repurchase agreements 31 March 2025

Value of collateral received 31 March 2025 Aviva Investors Euro Liquidity Fund EUR 50,000,000 51,485,472 - Aviva Investors Sterling Government Liquidity Fund GBP 1,915,500,000 1,966,417,557 3,662,200,000 3,740,057,070 Aviva Investors Sterling Liquidity Fund GBP 1,777,100,000 1,829,347,726 582,400,000 595,924,833

Refer to schedule of investments for listing of the open reverse repurchase agreements.

14. COMMITMENTS AND CONTINGENT LIABILITIES There were no commitments and/or contingent liabilities as at 30 September 2025 or 30 September 2024.

15. SOFT COMMISSION ARRANGEMENTS There were no soft commission arrangements in operation during the financial period ended 30 September 2025 and 30 September 2024.

16. NET ASSET VALUES 30 September 2025 31 March 2025 31 March 2024 Aviva Investors Euro Liquidity Fund Class 1 Net asset value EUR 7,961,656 7,881,634 20,123,614 Net asset value per share EUR 107.29 106.21 102.71 Class 2 Net asset value EUR 43,804 43,353 41,904 Net asset value per share EUR 107.58 106.47 102.92 Class 3 Net asset value EUR 581,382,607 471,710,793 462,067,009 Net asset value per share EUR 105.54 104.42 100.88 Class 5 Net asset value EUR 1,005,509,596 2,244,075,610 1,975,812,700 Net asset value per share EUR 106.66 105.49 101.81 Class 6 Net asset value EUR 43,318 42,858 41,394 Net asset value per share EUR 1.00 100.04 100.00 Class 7 Net asset value EUR 43,570 42,900 41,413 Net asset value per share EUR 1.00 100.04 100.00 Class 8 Net asset value EUR 247,099,694 177,961,107 259,775,961 Net asset value per share EUR 1.00 100.04 100.00 Class 9 Net asset value EUR 43,531 43,025 41,476 Net asset value per share EUR 1.00 100.04 100.00 W Accumulating Net asset value EUR 42,577 42,129 40,701 Net asset value per share EUR 1,064.43 1,053.23 1,017.51 W Distributing Net asset value EUR 50,000 - Net asset value per share EUR 1.00 - Z Accumulating Net asset value EUR 1,976,235,980 58,451,818 Net asset value per share EUR 101.58 100.47 -

Aviva Investors Sterling Government Liquidity Fund Class 1 Net asset value GBP 367,687 360,134 24,332,423 Net asset value per share GBP 1.00 1.00 1.00

Aviva Investors Liquidity Funds plc

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) 30 September 2025

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16. NET ASSET VALUES (CONTINUED) 30 September 2025 31 March 2025 31 March 2024 Aviva Investors Sterling Government Liquidity Fund (continued) Class 2 Net asset value GBP 44,749 43,819 41,751 Net asset value per share GBP 1.00 1.00 1.00 Class 3 Net asset value GBP 310,235,035 500,513,606 265,177,338 Net asset value per share GBP 1.00 1.00 1.00 Class 4 Net asset value GBP 44,915 43,948 41,807 Net asset value per share GBP 1.00 1.00 1.00 Class 5 Net asset value GBP 45,706 44,790 42,719 Net asset value per share GBP 1,142.93 1,120.02 1,068.25 Class 6 Net asset value GBP 45,814 44,885 3,473,088 Net asset value per share GBP 1,145.30 1,122.05 1,069.65 Class 7 Net asset value GBP 100,582,851 8,647,560 712,840 Net asset value per share GBP 1,147.60 1,124.01 1,071.00 Class 8 Net asset value GBP 3,034,241,611 5,092,540,599 5,489,497,823 Net asset value per share GBP 1,153.19 1,128.93 1,074.60 W Accumulating Net asset value GBP 7,052,082 7,150,588 40,936 Net asset value per share GBP 1,096.59 1,074.05 1,023.39 W Distributing Net asset value GBP 25,051,471 28,909,800 40,466 Net asset value per share GBP 1.00 1.00 1.00

Aviva Investors Sterling Liquidity Fund Class 1 Net asset value GBP 95,743,359 76,706,945 97,675,211 Net asset value per share GBP 1.00 1.00 1.00 Class 2 Net asset value GBP 45,486,541 49,948,590 51,939,654 Net asset value per share GBP 1.00 1.00 1.00 Class 3 Net asset value GBP 8,100,333,021 7,993,099,299 6,060,782,788 Net asset value per share GBP 1.00 1.00 1.00 Class 9 Net asset value GBP 12,479,165,832 11,965,216,307 13,489,054,715 Net asset value per share GBP 1.00 1.00 1.00 W Accumulating Net asset value GBP 3,236,274 2,716,440 553,764 Net asset value per share GBP 1,099.67 1,076.36 1.00 W Distributing Net asset value GBP 68,012,072 46,901,489 12,068,207 Net asset value per share GBP 1.00 1.00 1.00

Aviva Investors Sterling Liquidity Plus Fund Class 1 Net asset value GBP 8,191,363 9,506,791 4,554,824 Net asset value per share GBP 1,176.99 1,149.76 1,091.29 Class 2 Net asset value GBP 1,372,198 1,094,869 942,872 Net asset value per share GBP 1,180.36 1,152.76 1,093.60

Aviva Investors Liquidity Funds plc

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) 30 September 2025

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16. NET ASSET VALUES (CONTINUED) 30 September 2025 31 March 2025 31 March 2024 Aviva Investors Sterling Liquidity Plus Fund (continued) Class 3 Net asset value GBP 361,441,169 301,230,074 248,027,391 Net asset value per share GBP 1,365.61 1,333.34 1,264.28 Class 4 Net asset value GBP 1,386,265,265 1,352,830,195 1,239,821,463 Net asset value per share GBP 1,317.72 1,285.94 1,218.12

Aviva Investors Sterling Standard Liquidity Fund Class 5 Net asset value GBP 44,275 43,344 41,265 Net asset value per share GBP 1,106.89 1,083.60 1,031.62 Class 6 Net asset value GBP - 43,378 56,825 Net asset value per share GBP - 1,084.45 1,031.91 Class 7 Net asset value GBP - 43,412 41,289 Net asset value per share GBP - 1,085.30 1,032.21 Class 8 Net asset value GBP 145,507,469 153,449,911 135,207,360 Net asset value per share GBP 1,120.81 1,096.13 1,041.47

Aviva Investors US Dollar Liquidity Fund Class 1 Net asset value USD 40,005 40,006 238,588 Net asset value per share USD 1.00 1.00 1.00 Class 2 Net asset value USD 40,255 40,006 40,000 Net asset value per share USD 1.00 1.00 1.00 Class 3 Net asset value USD 993,669,930 657,327,132 686,024,204 Net asset value per share USD 1.00 1.00 1.00 Class 4 Net asset value USD 331,400,329 347,054,522 242,799,744 Net asset value per share USD 1.00 1.00 1.00 W Distributing Net asset value USD 43,575 42,625 40,500 Net asset value per share USD 1.00 1.00 1.00

17. CONNECTED PERSON TRANSACTIONS In accordance with the requirements of the Central Bank UCITS Regulations, any transaction carried out with the Company by connected persons as defined in the Regulations must be carried out as if negotiated at arm’s length. Such transaction must be in the best interests of the shareholders. The Directors of the Manager are satisfied that there are arrangements in place (evidenced by written procedures) to ensure that the obligations are appl ied to all transactions with connected persons and that all transactions with connected persons entered into during the financial period complied with t he obligations. Shareholders should refer to the Prospectus which identifies the general nature of the contractual arrangements with the principal connected perso ns but it is not exhaustive of all connected person transactions. Shareholders should also refer to the provisions of the Prospectus dealing with conflicts of interest. Note 8 details related party transactions in the financial period as required by Section 33 “Related Party Disclosures” of FRS 102. However, sharehol ders should understand that not all “connected persons” are related as defined by Section 33 of FRS 102. Details of fees paid to related parties and certain connected persons are set out in Note 4.

18. SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR On 7 July 2025, the Aviva Investors Euro Liquidity Fund changed from VNAV to LVNAV and the valuation pricing point changed from 12:00 PM GMT to 13:00 PM GMT. On 30 September 2025, the Aviva Investors Euro Liquidity Fund launched the W distributing class and Aviva Investors Sterling Standard Liquidity Fund closed Class 6 and Class 7. There were no other significant events during the financial year ended 31 March 2025 other than those disclosed in the financial statements.

Aviva Investors Liquidity Funds plc

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) 30 September 2025

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Aviva Investors Liquidity Funds plc

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) 30 September 2025

19. SUBSEQUENT EVENTS There were no subsequent events affecting the Company since the financial period ended 30 September 2025.

20. APPROVAL OF THE FINANCIAL STATEMENTS The Board of Directors approved the financial statements and authorised their release on 25 November 2025.

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Investments Coupon Rate Maturity Date Currency Holdings Fair Value EUR % of Net Asset Value Liquidity Instruments (31 March 2025: 97.17%) Certificates of Deposit (31 March 2025: 38.49%) Australia (31 March 2025: 1.38%) National Australia Bank Ltd. 2.64% 11/12/2025 EUR 15,000,000 15,000,000 0.39 15,000,000 0.39 Belgium (31 March 2025: 0.00%) KBC Bank NV 0.00% 31/10/2025 EUR 20,000,000 19,966,347 0.53 KBC Bank NV 0.00% 01/12/2025 EUR 25,000,000 24,913,759 0.65 KBC Bank NV 0.00% 18/11/2025 EUR 15,000,000 14,959,411 0.39 KBC Bank NV 0.00% 02/01/2026 EUR 15,000,000 14,920,981 0.39 74,760,498 1.96 Canada (31 March 2025: 5.27%) Bank of Montreal 2.75% 16/10/2025 EUR 15,000,000 15,000,000 0.39 Bank of Montreal 2.72% 06/11/2025 EUR 15,000,000 15,000,000 0.39 Bank of Montreal 2.64% 05/12/2025 EUR 5,000,000 5,000,000 0.13 Bank of Montreal 0.00% 24/10/2025 EUR 20,000,000 19,974,048 0.53 Bank of Nova Scotia (The) 2.59% 10/02/2026 EUR 15,000,000 15,003,724 0.39 Bank of Nova Scotia (The) 0.00% 03/12/2025 EUR 25,000,000 24,911,283 0.65 National Bank of Canada 2.66% 05/12/2025 EUR 10,000,000 10,000,000 0.26 National Bank of Canada 2.22% 30/06/2026 EUR 15,000,000 15,000,334 0.39 Royal Bank of Canada 2.20% 20/11/2025 EUR 20,000,000 20,000,000 0.53 Royal Bank of Canada 2.22% 02/01/2026 EUR 15,000,000 15,004,486 0.40 Toronto-Dominion Bank (The) 0.00% 02/01/2026 EUR 20,000,000 19,894,038 0.52 174,787,913 4.58 Finland (31 March 2025: 0.51%) Nordea Bank Abp 2.17% 23/12/2025 EUR 15,000,000 15,001,004 0.39 Nordea Bank Abp 0.00% 17/02/2026 EUR 20,000,000 19,840,541 0.52 Nordea Bank Abp 2.21% 27/07/2026 EUR 15,000,000 15,000,064 0.39 Nordea Bank Abp 2.20% 07/08/2026 EUR 20,000,000 19,998,130 0.53 Nordea Bank Abp 0.00% 27/04/2026 EUR 15,000,000 14,818,843 0.39 84,658,582 2.22 France (31 March 2025: 1.21%) Credit Agricole SA 0.00% 03/12/2025 EUR 20,000,000 19,928,294 0.52 19,928,294 0.52 Ireland (31 March 2025: 0.50%) Wells Fargo Bank NA 0.00% 01/10/2025 EUR 25,000,000 25,000,000 0.65 Wells Fargo Bank NA 0.00% 06/01/2026 EUR 11,000,000 10,937,372 0.29 35,937,372 0.94 Japan (31 March 2025: 9.25%) Mitsubishi UFJ Trust and Banking Corp. 0.00% 01/12/2025 EUR 30,000,000 29,895,025 0.78 Mitsubishi UFJ Trust and Banking Corp. 0.00% 04/11/2025 EUR 15,000,000 14,970,829 0.39 Mitsubishi UFJ Trust and Banking Corp. 0.00% 17/12/2025 EUR 25,000,000 24,887,195 0.65 Mizuho Bank Ltd. 0.00% 01/10/2025 EUR 15,000,000 15,000,000 0.39 Mizuho Bank Ltd. 0.00% 28/10/2025 EUR 20,000,000 19,969,803 0.53 Norinchukin Bank (The) 0.00% 03/11/2025 EUR 20,000,000 19,962,073 0.52 Norinchukin Bank (The) 0.00% 01/12/2025 EUR 20,000,000 19,929,377 0.52 Norinchukin Bank (The) 0.00% 03/12/2025 EUR 20,000,000 19,926,715 0.52 Sumitomo Mitsui Banking Corp. 0.00% 05/11/2025 EUR 20,000,000 19,960,557 0.52 Sumitomo Mitsui Banking Corp. 0.00% 04/11/2025 EUR 30,000,000 29,941,939 0.79 Sumitomo Mitsui Banking Corp. 0.00% 17/10/2025 EUR 15,000,000 14,986,318 0.39 Sumitomo Mitsui Trust Bank Ltd. 0.00% 14/10/2025 EUR 20,000,000 19,985,131 0.53 Sumitomo Mitsui Trust Bank Ltd. 0.00% 21/10/2025 EUR 20,000,000 19,977,231 0.53 Sumitomo Mitsui Trust Bank Ltd. 0.00% 03/12/2025 EUR 25,000,000 24,911,283 0.65 Sumitomo Mitsui Trust Bank Ltd. 0.00% 16/01/2026 EUR 20,000,000 19,876,495 0.52 Sumitomo Mitsui Trust Bank Ltd. 0.00% 17/10/2025 EUR 15,000,000 14,986,157 0.39 329,166,128 8.62 Netherlands (31 March 2025: 4.20%) ABN AMRO Bank NV 0.00% 31/10/2025 EUR 25,000,000 24,954,102 0.66

Aviva Investors Liquidity Funds plc

AVIVA INVESTORS EURO LIQUIDITY FUND SCHEDULE OF INVESTMENTS AS AT 30 SEPTEMBER 2025

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Investments Coupon Rate Maturity Date Currency Holdings Fair Value EUR % of Net Asset Value Liquidity Instruments (31 March 2025: 97.17%) (continued) Certificates of Deposit (31 March 2025: 38.49%) (continued) Netherlands (31 March 2025: 4.20%) (continued) ABN AMRO Bank NV 0.00% 03/12/2025 EUR 20,000,000 19,930,242 0.52 ABN AMRO Bank NV 0.00% 10/12/2025 EUR 15,000,000 14,941,871 0.39 59,826,215 1.57 Norway (31 March 2025: 0.34%) DNB Bank ASA 2.21% 30/06/2026 EUR 15,000,000 15,000,430 0.39 DNB Bank ASA 2.00% 03/12/2025 EUR 25,000,000 25,000,000 0.66 40,000,430 1.05 Singapore (31 March 2025: 1.49%) DBS Bank Ltd. 0.00% 09/02/2026 EUR 30,000,000 29,785,136 0.78 Oversea-Chinese Banking Corp. Ltd. 2.41% 26/01/2026 EUR 12,000,000 12,002,890 0.31 Oversea-Chinese Banking Corp. Ltd. 2.16% 25/03/2026 EUR 17,000,000 17,000,209 0.45 Oversea-Chinese Banking Corp. Ltd. 2.21% 04/09/2026 EUR 15,000,000 14,997,923 0.39 73,786,158 1.93 South Korea (31 March 2025: 3.94%) Kookmin Bank 2.29% 28/09/2026 EUR 10,000,000 10,000,000 0.26 Woori Bank 0.00% 01/10/2025 EUR 10,000,000 10,000,000 0.26 Woori Bank 0.00% 05/08/2026 EUR 20,000,000 19,635,354 0.52 Woori Bank 0.00% 10/08/2026 EUR 10,000,000 9,814,613 0.26 49,449,967 1.30 Switzerland (31 March 2025: 1.93%) UBS AG 2.88% 23/10/2025 EUR 10,000,000 10,000,000 0.26 UBS AG 2.25% 04/08/2026 EUR 15,000,000 15,002,485 0.39 25,002,485 0.65 United Arab Emirates (31 March 2025: 2.18%) Abu Dhabi Commercial Bank PJSC 0.00% 03/11/2025 EUR 15,000,000 14,967,268 0.39 Abu Dhabi Commercial Bank PJSC 0.00% 02/01/2026 EUR 10,000,000 9,944,543 0.26 Abu Dhabi Commercial Bank PJSC 0.00% 15/12/2025 EUR 15,000,000 14,933,145 0.39 Abu Dhabi Commercial Bank PJSC 0.00% 05/01/2026 EUR 20,000,000 19,885,337 0.52 Abu Dhabi Commercial Bank PJSC 0.00% 11/12/2025 EUR 15,000,000 14,937,731 0.39 Abu Dhabi Commercial Bank PJSC 0.00% 17/04/2026 EUR 15,000,000 14,813,998 0.39 89,482,022 2.34 United Kingdom (31 March 2025: 5.45%) Citibank NA 0.00% 01/12/2025 EUR 15,000,000 14,948,616 0.39 Goldman Sachs International Bank 0.00% 08/12/2025 EUR 10,000,000 9,953,741 0.26 Goldman Sachs International Bank 0.00% 03/12/2025 EUR 23,000,000 22,917,423 0.60 Goldman Sachs International Bank 0.00% 09/10/2025 EUR 20,000,000 19,991,112 0.52 Goldman Sachs International Bank 0.00% 10/03/2026 EUR 15,000,000 14,858,345 0.39 HSBC Bank plc 2.80% 10/10/2025 EUR 12,000,000 12,000,000 0.32 Standard Chartered plc 2.25% 01/09/2026 EUR 20,000,000 19,996,503 0.52 114,665,740 3.00 United States of America (31 March 2025: 0.84%) Bank of America NA 0.00% 02/01/2026 EUR 15,000,000 14,925,876 0.39 Bank of America NA 0.00% 07/01/2026 EUR 15,000,000 14,921,599 0.39 Bank of America NA 0.00% 04/03/2026 EUR 15,000,000 14,871,513 0.39 Bank of America NA 0.00% 09/03/2026 EUR 10,000,000 9,911,225 0.26 Bank of America NA 0.00% 11/03/2026 EUR 20,000,000 19,819,944 0.52 74,450,157 1.95 Total Certificates of Deposit 1,260,901,961 33.02 Commercial Papers (31 March 2025: 31.72%) Canada (31 March 2025: 0.67%) National Bank of Canada 2.23% 24/09/2026 EUR 15,000,000 14,997,709 0.39 14,997,709 0.39 Finland (31 March 2025: 2.18%) OP Corporate Bank plc 0.00% 06/10/2025 EUR 15,000,000 14,994,948 0.39 OP Corporate Bank plc 0.00% 15/12/2025 EUR 15,000,000 14,935,991 0.39

Aviva Investors Liquidity Funds plc

AVIVA INVESTORS EURO LIQUIDITY FUND (CONTINUED) SCHEDULE OF INVESTMENTS AS AT 30 SEPTEMBER 2025

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The accompanying notes form an integral part of these financial statements. 30

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Investments Coupon Rate Maturity Date Currency Holdings Fair Value EUR % of Net Asset Value Liquidity Instruments (31 March 2025: 97.17%) (continued) Commercial Papers (31 March 2025: 31.72%) (continued) Finland (31 March 2025: 2.18%) (continued) OP Corporate Bank plc 0.00% 20/02/2026 EUR 20,000,000 19,836,980 0.52 OP Corporate Bank plc 0.00% 16/02/2026 EUR 20,000,000 19,841,727 0.52 69,609,646 1.82 France (31 March 2025: 9.45%) Agence Centrale des Organismes de Securite Sociale 0.00% 17/10/2025 EUR 50,000,000 49,955,781 1.31 Antalis SA 0.00% 23/10/2025 EUR 8,000,000 7,989,885 0.21 Antalis SA 0.00% 21/11/2025 EUR 8,000,000 7,976,663 0.21 Axa Banque 0.00% 09/10/2025 EUR 15,000,000 14,993,247 0.39 Axa Banque 2.13% 02/01/2026 EUR 15,000,000 14,999,756 0.40 LMA SA 0.00% 15/10/2025 EUR 15,000,000 14,987,897 0.39 LMA SA 0.00% 10/10/2025 EUR 10,000,000 9,994,812 0.26 LMA SA 0.00% 26/01/2026 EUR 26,000,000 25,819,040 0.68 Managed and Enhanced Tap (Magenta) Funding ST SA 0.00% 01/10/2025 EUR 20,000,000 20,000,000 0.53 Managed and Enhanced Tap (Magenta) Funding ST SA 0.00% 03/11/2025 EUR 15,000,000 14,971,468 0.39 Managed and Enhanced Tap (Magenta) Funding ST SA 0.00% 04/12/2025 EUR 10,000,000 9,963,106 0.26 Managed and Enhanced Tap (Magenta) Funding ST SA 0.00% 01/12/2025 EUR 5,000,000 4,982,389 0.13 Managed and Enhanced Tap (Magenta) Funding ST SA 0.00% 02/12/2025 EUR 15,000,000 14,946,005 0.39 Managed and Enhanced Tap (Magenta) Funding ST SA 0.00% 19/12/2025 EUR 10,000,000 9,951,300 0.26 Managed and Enhanced Tap (Magenta) Funding ST SA 0.00% 02/01/2026 EUR 20,000,000 19,893,108 0.52 Satellite SASU 0.00% 03/10/2025 EUR 10,000,000 9,998,842 0.26 Satellite SASU 0.00% 17/12/2025 EUR 15,000,000 14,928,652 0.39 Satellite SASU 0.00% 10/11/2025 EUR 15,000,000 14,965,578 0.39 Satellite SASU 0.00% 14/10/2025 EUR 15,000,000 14,988,846 0.39 Satellite SASU 0.00% 03/12/2025 EUR 25,500,000 25,407,229 0.67 Satellite SASU 0.00% 13/01/2026 EUR 15,000,000 14,903,284 0.39 Satellite SASU 0.00% 22/01/2026 EUR 15,000,000 14,894,827 0.39 351,511,715 9.21 Germany (31 March 2025: 1.68%) DZ Bank AG 0.00% 27/10/2025 EUR 20,000,000 19,968,578 0.52 DZ Bank AG 0.00% 06/01/2026 EUR 20,000,000 19,889,073 0.52 Erste Abwicklungsanstalt 0.00% 27/11/2025 EUR 20,000,000 19,936,884 0.52 NRW. Bank 0.00% 09/10/2025 EUR 25,000,000 24,990,427 0.66 84,784,962 2.22 Ireland (31 March 2025: 3.03%) Anglesea Funding plc 0.00% 07/10/2025 EUR 45,000,000 44,985,231 1.18 Matchpoint Finance plc 0.00% 03/10/2025 EUR 10,000,000 9,998,836 0.26 Matchpoint Finance plc 0.00% 17/10/2025 EUR 10,000,000 9,990,820 0.26 Matchpoint Finance plc 0.00% 24/10/2025 EUR 15,000,000 14,980,362 0.40 Matchpoint Finance plc 0.00% 06/11/2025 EUR 15,000,000 14,968,965 0.39 Matchpoint Finance plc 0.00% 03/12/2025 EUR 20,000,000 19,927,234 0.52 Matchpoint Finance plc 0.00% 10/11/2025 EUR 10,000,000 9,977,080 0.26 Matchpoint Finance plc 0.00% 15/12/2025 EUR 10,000,000 9,955,400 0.26 134,783,928 3.53 Japan (31 March 2025: 0.60%) Toyota Motor Finance 0.00% 05/11/2025 EUR 40,500,000 40,420,964 1.06 40,420,964 1.06 Luxembourg (31 March 2025: 3.16%) Albion Capital Corp. SA 0.00% 15/10/2025 EUR 9,000,000 8,992,781 0.24 Albion Capital Corp. SA 0.00% 20/10/2025 EUR 9,000,000 8,990,202 0.24 Albion Capital Corp. SA 0.00% 15/10/2025 EUR 20,000,000 19,984,302 0.52 Sunderland Receivables SA 0.00% 23/10/2025 EUR 17,000,000 16,978,608 0.44 Sunderland Receivables SA 0.00% 31/10/2025 EUR 15,000,000 14,974,014 0.39 69,919,907 1.83 Netherlands (31 March 2025: 1.93%) ABN AMRO Bank NV 0.00% 13/10/2025 EUR 30,000,000 29,979,965 0.79 ABN AMRO Bank NV 0.00% 08/12/2025 EUR 20,000,000 19,923,090 0.52

Aviva Investors Liquidity Funds plc

AVIVA INVESTORS EURO LIQUIDITY FUND (CONTINUED) SCHEDULE OF INVESTMENTS AS AT 30 SEPTEMBER 2025

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The accompanying notes form an integral part of these financial statements. 31

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Investments Coupon Rate Maturity Date Currency Holdings Fair Value EUR % of Net Asset Value Liquidity Instruments (31 March 2025: 97.17%) (continued) Commercial Papers (31 March 2025: 31.72%) (continued) Netherlands (31 March 2025: 1.93%) (continued) ABN AMRO Bank NV 0.00% 04/03/2026 EUR 20,000,000 19,819,603 0.52 BMW Finance NV 0.00% 24/10/2025 EUR 50,000,000 49,935,418 1.31 BMW Finance NV 0.00% 28/10/2025 EUR 20,000,000 19,969,600 0.52 BMW Finance NV 0.00% 30/10/2025 EUR 10,000,000 9,983,675 0.26 Cooperatieve Rabobank UA 2.20% 09/06/2026 EUR 25,000,000 25,000,518 0.65 Kingdom of the Netherlands 0.00% 01/10/2025 EUR 40,000,000 40,000,000 1.05 214,611,869 5.62 Singapore (31 March 2025: 0.84%) DBS Bank Ltd. 0.00% 14/11/2025 EUR 20,000,000 19,950,478 0.52 19,950,478 0.52 South Korea (31 March 2025: 0.00%) Woori Bank 0.00% 27/11/2025 EUR 15,000,000 14,946,706 0.39 14,946,706 0.39 Spain (31 March 2025: 0.34%) –Sweden (31 March 2025: 1.85%) Svenska Handelsbanken AB 0.00% 16/06/2026 EUR 20,000,000 19,693,035 0.52 Volvo Treasury AB 0.00% 24/11/2025 EUR 15,000,000 14,954,598 0.39 34,647,633 0.91 United Kingdom (31 March 2025: 0.67%) Bank of England 0.00% 29/10/2025 EUR 40,000,000 39,939,587 1.05 Barclays Bank plc 0.00% 11/12/2025 EUR 15,000,000 14,938,606 0.39 Lloyds Bank Corporate Markets plc 2.34% 30/03/2026 EUR 15,000,000 15,007,979 0.40 Verto Capital 0.00% 07/11/2025 EUR 10,000,000 9,979,196 0.26 Verto Capital 0.00% 29/10/2025 EUR 20,000,000 19,968,483 0.52 Verto Capital 0.00% 03/10/2025 EUR 60,000,000 59,993,369 1.57 159,827,220 4.19 United States of America (31 March 2025: 5.32%) Colgate-Palmolive Co. 0.00% 02/10/2025 EUR 20,000,000 19,998,888 0.52 Collateralized Commercial Paper III Co. LLC 0.00% 07/11/2025 EUR 20,000,000 19,955,884 0.52 Collateralized Commercial Paper III Co. LLC 0.00% 08/01/2026 EUR 30,000,000 29,815,942 0.78 Collateralized Commercial Paper III Co. LLC 0.00% 30/01/2026 EUR 20,000,000 19,849,718 0.52 Collateralized Commercial Paper III Co. LLC 0.00% 11/03/2026 EUR 15,000,000 14,852,850 0.39 Halkin Finance LLC 0.00% 01/10/2025 EUR 50,000,000 50,000,000 1.31 Halkin Finance LLC 0.00% 08/10/2025 EUR 50,000,000 49,980,563 1.31 Mont Blanc Capital Corp. 0.00% 28/11/2025 EUR 17,909,000 17,849,967 0.47 Procter & Gamble Co. (The) 0.00% 01/10/2025 EUR 15,000,000 15,000,000 0.39 Procter & Gamble Co. (The) 0.00% 17/10/2025 EUR 30,500,000 30,473,028 0.80 Procter & Gamble Co. (The) 0.00% 02/01/2026 EUR 15,000,000 14,921,939 0.39 282,698,779 7.40 Total Commercial Papers 1,492,711,516 39.09 Time Deposits (31 March 2025: 26.96%) Belgium (31 March 2025: 2.46%) KBC Bank NV 1.89% 01/10/2025 EUR 39,700,000 39,700,000 1.04 39,700,000 1.04 France (31 March 2025: 6.60%) Credit Agricole SA 1.93% 01/10/2025 EUR 120,000,000 120,000,000 3.14 La Banque Postale SA 1.90% 01/10/2025 EUR 85,000,000 85,000,000 2.23 205,000,000 5.37 Germany (31 March 2025: 6.76%) Landesbank Baden-Wuerttemberg 1.92% 01/10/2025 EUR 245,000,000 245,000,000 6.42 245,000,000 6.42 Japan (31 March 2025: 1.86%) Mizuho Bank Ltd. 1.90% 01/10/2025 EUR 50,000,000 50,000,000 1.31 MUFG Bank Ltd. 1.90% 01/10/2025 EUR 50,000,000 50,000,000 1.31 100,000,000 2.62

Aviva Investors Liquidity Funds plc

AVIVA INVESTORS EURO LIQUIDITY FUND (CONTINUED) SCHEDULE OF INVESTMENTS AS AT 30 SEPTEMBER 2025

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The accompanying notes form an integral part of these financial statements. 32

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Investments Coupon Rate Maturity Date Currency Holdings Fair Value EUR % of Net Asset Value Liquidity Instruments (31 March 2025: 97.17%) (continued) Time Deposits (31 March 2025: 26.96%) (continued) Qatar (31 March 2025: 3.97%) Qatar National Bank QPSC 0.00% 31/12/2049 EUR 167,540,221 167,540,221 4.39 167,540,221 4.39 Sweden (31 March 2025: 2.89%) SEB SA 0.00% 31/12/2030 EUR 86,453,637 86,453,637 2.26 86,453,637 2.26 United Kingdom (31 March 2025: 0.00%) NatWest Markets plc 1.89% 01/10/2025 EUR 70,000,000 70,000,000 1.83 70,000,000 1.83 United States of America (31 March 2025: 2.42%) BNY Mellon 0.00% 31/12/2049 EUR 72,338,118 72,338,118 1.90 72,338,118 1.90 Total Time Deposits 986,031,976 25.83 Total Liquidity Instruments 3,739,645,453 97.94

Investments Coupon Rate Maturity Date Currency Holding Fair Value EUR % of Net Asset Value Bonds (31 March 2025: 3.65%) Australia (31 March 2025: 1.01%) Australia & New Zealand Banking Group Ltd., Reg. S, FRN 2.19% 29/6/2026 EUR 15,000,000 14,997,900 0.39 Commonwealth Bank of Australia, Reg. S, FRN 2.17% 15/10/2025 EUR 15,000,000 15,000,000 0.40 Commonwealth Bank of Australia, Reg. S, FRN 2.20% 12/12/2025 EUR 15,000,000 15,000,000 0.39 44,997,900 1.18 Canada (31 March 2025: 1.86%) Canadian Imperial Bank of Commerce, Reg. S, FRN 2.23% 10/7/2026 EUR 15,000,000 15,003,450 0.40 National Bank of Canada, FRN 2.24% 23/10/2026 EUR 16,000,000 15,996,800 0.42 National Bank of Canada, Reg. S, FRN 2.21% 27/10/2025 EUR 10,000,000 10,000,000 0.26 National Bank of Canada, Reg. S, FRN 2.21% 25/3/2026 EUR 15,000,000 14,998,078 0.39 Royal Bank of Canada, Reg. S, FRN 2.20% 20/3/2026 EUR 15,000,000 14,998,540 0.39 70,996,868 1.86 Singapore (31 March 2025: 0.78%) DBS Bank Ltd., Reg. S, FRN 2.20% 04/12/2025 EUR 23,000,000 23,000,000 0.60 DBS Bank Ltd., Reg. S, FRN 2.20% 06/10/2026 EUR 20,000,000 20,000,000 0.52 43,000,000 1.12 South Korea (31 March 2025: 0.00%) Kookmin Bank, FRN 2.30% 26/5/2026 EUR 10,000,000 10,002,870 0.26 10,002,870 0.26 Total investments in Bonds 168,997,638 4.42

Investments Coupon Rate Maturity Date Currency Holdings Fair Value EUR % of Net Asset Value Reverse Repurchase Agreements (31 March 2025: 0.00%) United Kingdom (31 March 2025: 0.00%) Scotiabank Europe plc 1.91% 01/10/2025 EUR 50,000,000 50,000,000 1.31 50,000,000 1.31 Total Reverse Repurchase Agreements 50,000,000 1.31 Total investments 3,958,643,091 103.67 Total financial assets at fair value through profit or loss 3,958,643,091 103.67 Total financial liabilities at fair value through profit or loss -Cash and cash equivalents/bank overdraft 429,557 0.01 Other assets and liabilities (140,616,315) (3.68) Net asset value attributable to shareholders 3,818,456,333 100.00

Analysis of total assets (Unaudited) % of Total Assets Transferable securities admitted to official stock exchange listing 4.26 Transferable securities dealt in on another regulated market 1.26 Other transferable securities of the type referred to in Regulation 68 (1) (a), (b) and (c) 94.35 Other assets 0.13 Total assets 100.00

Aviva Investors Liquidity Funds plc

AVIVA INVESTORS EURO LIQUIDITY FUND (CONTINUED) SCHEDULE OF INVESTMENTS AS AT 30 SEPTEMBER 2025

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Investments Coupon Rate Maturity Date Currency Holding Fair Value GBP % of Net Asset Value Bonds (31 March 2025: 35.07%) United Kingdom (31 March 2025: 35.07%) United Kingdom Gilt, Reg. S 3.50% 22/10/2025 GBP 100,000,000 99,960,012 2.88 United Kingdom Treasury Bill 0.00% 23/2/2026 GBP 100,000,000 98,401,202 2.83 United Kingdom Treasury Bill 0.00% 23/3/2026 GBP 50,000,000 49,047,177 1.41 United Kingdom Treasury Bill 0.00% 20/10/2025 GBP 5,869,000 5,856,407 0.17 United Kingdom Treasury Bill 0.00% 10/11/2025 GBP 100,000,000 99,558,560 2.86 United Kingdom Treasury Bill 0.00% 17/11/2025 GBP 100,000,000 99,481,182 2.86 United Kingdom Treasury Bill 0.00% 24/11/2025 GBP 200,000,000 198,782,495 5.72 United Kingdom Treasury Bill 0.00% 01/12/2025 GBP 71,495,000 71,012,411 2.04 United Kingdom Treasury Bill 0.00% 08/12/2025 GBP 100,000,000 99,247,727 2.85 United Kingdom Treasury Bill 0.00% 15/12/2025 GBP 100,000,000 99,167,410 2.85 United Kingdom Treasury Bill 0.00% 22/12/2025 GBP 50,000,000 49,545,093 1.43 United Kingdom Treasury Bill 0.00% 29/12/2025 GBP 200,000,000 198,025,623 5.69 United Kingdom Treasury Bill 0.00% 09/2/2026 GBP 100,000,000 98,553,612 2.83 United Kingdom Treasury Bill 0.00% 16/2/2026 GBP 100,000,000 98,477,355 2.83 United Kingdom Treasury Bill 0.00% 16/3/2026 GBP 100,000,000 98,170,214 2.82 United Kingdom Treasury Bill 0.00% 30/3/2026 GBP 100,000,000 98,019,098 2.82 1,561,305,578 44.89 Total investments in Bonds 1,561,305,578 44.89

Investments Coupon Rate Maturity Date Currency Holdings Fair Value GBP % of Net Asset Value Reverse Repurchase Agreements (31 March 2025: 64.95%) Australia (31 March 2025: 9.75%) National Australia Bank Ltd. 4.10% 01/10/2025 GBP 200,000,000 200,000,000 5.75 200,000,000 5.75 Canada (31 March 2025: 12.42%) CIBC World Markets Corp. 4.10% 01/10/2025 GBP 100,000,000 100,000,000 2.87 Royal Bank of Canada 4.10% 01/10/2025 GBP 50,000,000 50,000,000 1.44 Royal Bank of Canada 4.10% 01/10/2025 GBP 210,000,000 210,000,000 6.04 360,000,000 10.35 France (31 March 2025: 7.98%) Credit Agricole SA 4.15% 01/10/2025 GBP 300,000,000 300,000,000 8.63 Societe Generale SA 4.08% 01/10/2025 GBP 50,000,000 50,000,000 1.44 350,000,000 10.07 Spain (31 March 2025: 3.55%) –United Kingdom (31 March 2025: 31.25%) Abbey National Treasury Services plc 4.10% 01/10/2025 GBP 205,500,000 205,500,000 5.91 Citibank NA 4.14% 01/10/2025 GBP 100,000,000 100,000,000 2.87 Lloyds Bank plc 4.10% 01/10/2025 GBP 100,000,000 100,000,000 2.88 Mitsubishi UFJ EMEA plc 4.05% 01/10/2025 GBP 50,000,000 50,000,000 1.44 Royal Bank of Scotland plc 4.10% 01/10/2025 GBP 200,000,000 200,000,000 5.75 Scotiabank Europe plc 4.15% 01/10/2025 GBP 250,000,000 250,000,000 7.19 Standard Chartered plc 4.10% 01/10/2025 GBP 100,000,000 100,000,000 2.87 1,005,500,000 28.91 Total Reverse Repurchase Agreements 1,915,500,000 55.08 Total investments 3,476,805,578 99.97 Total financial assets at fair value through profit or loss 3,476,805,578 99.97 Total financial liabilities at fair value through profit or loss -Cash and cash equivalents/bank overdraft 287,014 0.01 Other assets and liabilities 619,329 0.02 Net asset value attributable to shareholders 3,477,711,921 100.00

Analysis of total assets (Unaudited) % of Total Assets Transferable securities admitted to official stock exchange listing 44.88 Transferable securities dealt in on another regulated market 55.06 Other assets 0.06 Total assets 100.00

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AVIVA INVESTORS STERLING GOVERNMENT LIQUIDITY FUND SCHEDULE OF INVESTMENTS AS AT 30 SEPTEMBER 2025

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The accompanying notes form an integral part of these financial statements. 34

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Investments Coupon Rate Maturity Date Currency Holdings Fair Value GBP % of Net Asset Value Liquidity Instruments (31 March 2025: 96.05%) Certificates of Deposit (31 March 2025: 58.42%) Australia (31 March 2025: 1.46%) Australia and New Zealand Banking Group Ltd. 0.00% 10/11/2025 GBP 49,000,000 48,752,652 0.24 Commonwealth Bank of Australia 4.29% 30/09/2026 GBP 100,000,000 100,000,000 0.48 National Australia Bank Ltd. 4.69% 10/10/2025 GBP 34,000,000 34,000,000 0.16 National Australia Bank Ltd. 4.77% 05/01/2026 GBP 100,000,000 100,021,359 0.48 National Australia Bank Ltd. 4.31% 03/11/2025 GBP 100,000,000 100,000,000 0.48 382,774,011 1.84 Belgium (31 March 2025: 0.00%) KBC Bank NV 0.00% 15/01/2026 GBP 100,000,000 98,803,000 0.47 KBC Bank NV 0.00% 29/01/2026 GBP 50,000,000 49,314,302 0.24 148,117,302 0.71 Canada (31 March 2025: 6.16%) Bank of Montreal 4.52% 06/02/2026 GBP 100,000,000 100,097,397 0.49 Bank of Montreal 4.63% 14/05/2026 GBP 100,000,000 100,052,259 0.48 Bank of Nova Scotia (The) 4.78% 02/01/2026 GBP 100,000,000 100,016,097 0.48 Bank of Nova Scotia (The) 4.27% 08/05/2026 GBP 50,000,000 50,000,926 0.24 National Bank of Canada 4.79% 07/11/2025 GBP 35,000,000 35,000,000 0.17 National Bank of Canada 4.43% 13/07/2026 GBP 100,000,000 99,975,201 0.48 Royal Bank of Canada 4.75% 02/01/2026 GBP 50,000,000 50,075,150 0.24 Royal Bank of Canada 4.27% 31/03/2026 GBP 100,000,000 100,027,083 0.48 Royal Bank of Canada 4.40% 07/04/2026 GBP 100,000,000 100,021,436 0.48 Royal Bank of Canada 4.30% 15/05/2026 GBP 100,000,000 100,050,940 0.48 Toronto-Dominion Bank (The) 4.67% 07/10/2025 GBP 100,000,000 100,000,000 0.48 Toronto-Dominion Bank (The) 4.73% 06/01/2026 GBP 100,000,000 100,020,677 0.48 Toronto-Dominion Bank (The) 4.18% 30/06/2026 GBP 100,000,000 99,923,000 0.48 Toronto-Dominion Bank (The) 4.15% 06/07/2026 GBP 50,000,000 49,958,000 0.24 Toronto-Dominion Bank (The) 4.60% 17/04/2026 GBP 50,000,000 50,026,183 0.24 1,235,244,349 5.94 Finland (31 March 2025: 3.14%) Nordea Bank Abp 4.21% 10/12/2025 GBP 100,000,000 100,000,000 0.48 Nordea Bank Abp 0.00% 08/12/2025 GBP 100,000,000 99,208,855 0.48 Nordea Bank Abp 0.00% 06/02/2026 GBP 100,000,000 98,560,497 0.47 Nordea Bank Abp 0.00% 17/02/2026 GBP 100,000,000 98,436,257 0.47 Nordea Bank Abp 0.00% 18/03/2026 GBP 98,500,000 96,636,047 0.47 Nordea Bank Abp 0.00% 04/08/2026 GBP 100,000,000 96,582,813 0.47 589,424,469 2.84 France (31 March 2025: 3.66%) Banque Federative du Credit Mutuel SA 4.85% 13/01/2026 GBP 19,000,000 19,028,386 0.09 BNP Paribas SA 4.41% 06/10/2025 GBP 50,000,000 50,000,000 0.24 BNP Paribas SA 0.00% 16/03/2026 GBP 50,000,000 49,042,500 0.24 BNP Paribas SA 0.00% 18/02/2026 GBP 80,000,000 78,724,635 0.38 Credit Agricole SA 0.00% 12/11/2025 GBP 39,000,000 38,816,569 0.19 Credit Agricole SA 0.00% 02/01/2026 GBP 100,000,000 98,940,602 0.47 Credit Agricole SA 0.00% 23/02/2026 GBP 100,000,000 98,350,724 0.47 Societe Generale SA 0.00% 02/02/2026 GBP 100,000,000 98,595,465 0.47 Societe Generale SA 4.41% 02/06/2026 GBP 39,000,000 39,018,330 0.19 570,517,211 2.74 Germany (31 March 2025: 1.88%) Commerzbank AG 0.00% 02/01/2026 GBP 100,000,000 98,954,873 0.48 DZ Bank AG 0.00% 01/04/2026 GBP 50,000,000 48,983,100 0.23 DZ Bank AG 4.35% 06/03/2026 GBP 100,000,000 100,035,000 0.48 DZ Bank AG 0.00% 03/11/2025 GBP 60,000,000 59,768,366 0.29 DZ Bank AG 0.00% 07/11/2025 GBP 99,000,000 98,575,702 0.47 406,317,041 1.95 Japan (31 March 2025: 6.77%) Mitsubishi UFJ Trust and Banking Corp. 4.88% 02/12/2025 GBP 100,000,000 100,000,000 0.48 Mitsubishi UFJ Trust and Banking Corp. 4.79% 28/01/2026 GBP 115,000,000 115,047,774 0.55

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AVIVA INVESTORS STERLING LIQUIDITY FUND SCHEDULE OF INVESTMENTS AS AT 30 SEPTEMBER 2025

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Investments Coupon Rate Maturity Date Currency Holdings Fair Value GBP % of Net Asset Value Liquidity Instruments (31 March 2025: 96.05%) (continued) Certificates of Deposit (31 March 2025: 58.42%) (continued) Japan (31 March 2025: 6.77%) (continued) Mitsubishi UFJ Trust and Banking Corp. 0.00% 21/08/2026 GBP 50,000,000 48,165,160 0.23 Mitsubishi UFJ Trust and Banking Corp. 4.17% 12/01/2026 GBP 50,000,000 49,985,000 0.24 Mitsubishi UFJ Trust and Banking Corp. 0.00% 31/03/2026 GBP 100,000,000 97,929,262 0.47 Mitsubishi UFJ Trust and Banking Corp. 0.00% 19/12/2025 GBP 75,000,000 74,323,419 0.36 Mitsubishi UFJ Trust and Banking Corp. 0.00% 15/10/2025 GBP 50,000,000 49,919,151 0.24 Mitsubishi UFJ Trust and Banking Corp. 0.00% 04/11/2025 GBP 100,000,000 99,612,865 0.48 Mitsubishi UFJ Trust and Banking Corp. 4.28% 17/03/2026 GBP 45,000,000 44,998,320 0.21 Mizuho Bank Ltd. 0.00% 03/11/2025 GBP 100,000,000 99,626,992 0.48 Mizuho Bank Ltd. 0.00% 09/12/2025 GBP 50,000,000 49,612,683 0.24 Norinchukin Bank (The) 0.00% 07/10/2025 GBP 100,000,000 99,929,429 0.48 Norinchukin Bank (The) 0.00% 13/10/2025 GBP 100,000,000 99,859,375 0.48 Norinchukin Bank (The) 0.00% 17/10/2025 GBP 50,000,000 49,906,978 0.24 Norinchukin Bank (The) 0.00% 06/11/2025 GBP 50,000,000 49,796,012 0.24 Norinchukin Bank (The) 0.00% 13/11/2025 GBP 117,500,000 116,929,451 0.56 Norinchukin Bank (The) 0.00% 20/11/2025 GBP 63,000,000 62,644,289 0.30 Norinchukin Bank (The) 0.00% 09/12/2025 GBP 100,000,000 99,217,958 0.48 Norinchukin Bank (The) 0.00% 17/12/2025 GBP 50,000,000 49,560,473 0.24 Sumitomo Mitsui Banking Corp. 0.00% 07/11/2025 GBP 100,000,000 99,583,670 0.48 Sumitomo Mitsui Trust Bank Ltd. 0.00% 10/10/2025 GBP 100,000,000 99,895,592 0.48 Sumitomo Mitsui Trust Bank Ltd. 0.00% 16/10/2025 GBP 100,000,000 99,827,194 0.48 Sumitomo Mitsui Trust Bank Ltd. 0.00% 20/10/2025 GBP 35,000,000 34,925,450 0.17 Sumitomo Mitsui Trust Bank Ltd. 0.00% 12/12/2025 GBP 14,000,000 13,887,107 0.07 Sumitomo Mitsui Trust Bank Ltd. 0.00% 24/10/2025 GBP 88,000,000 87,771,758 0.42 1,892,955,362 9.10 Netherlands (31 March 2025: 2.48%) ABN AMRO Bank NV 0.00% 04/03/2026 GBP 100,000,000 98,248,170 0.47 Cooperatieve Rabobank UA 4.69% 10/10/2025 GBP 100,000,000 100,000,000 0.48 Cooperatieve Rabobank UA 0.00% 05/12/2025 GBP 100,000,000 99,241,877 0.48 Cooperatieve Rabobank UA 0.00% 09/02/2026 GBP 100,000,000 98,497,000 0.47 395,987,047 1.90 Norway (31 March 2025: 0.49%) DNB Bank ASA 0.00% 16/07/2026 GBP 50,000,000 48,393,000 0.23 DNB Bank ASA 0.00% 14/05/2026 GBP 78,000,000 76,032,840 0.37 124,425,840 0.60 Qatar (31 March 2025: 0.25%) Qatar National Bank QPSC 0.00% 16/02/2026 GBP 48,500,000 47,717,227 0.23 47,717,227 0.23 Singapore (31 March 2025: 3.75%) Oversea-Chinese Banking Corp. Ltd. 4.70% 08/01/2026 GBP 50,000,000 50,006,255 0.24 Oversea-Chinese Banking Corp. Ltd. 4.57% 06/03/2026 GBP 99,000,000 99,010,759 0.48 Oversea-Chinese Banking Corp. Ltd. 4.42% 13/11/2025 GBP 100,000,000 100,000,000 0.48 Oversea-Chinese Banking Corp. Ltd. 4.49% 10/06/2026 GBP 100,000,000 100,013,246 0.48 Oversea-Chinese Banking Corp. Ltd. 4.43% 09/07/2026 GBP 50,000,000 49,997,886 0.24 Oversea-Chinese Banking Corp. Ltd. 4.40% 22/07/2026 GBP 50,000,000 49,996,491 0.24 Oversea-Chinese Banking Corp. Ltd. 4.40% 22/07/2026 GBP 25,000,000 25,000,341 0.12 Oversea-Chinese Banking Corp. Ltd. 4.33% 10/08/2026 GBP 78,000,000 77,991,063 0.38 Oversea-Chinese Banking Corp. Ltd. 4.40% 11/09/2026 GBP 25,000,000 24,997,269 0.12 United Overseas Bank Ltd. 4.41% 09/10/2025 GBP 28,500,000 28,500,000 0.14 United Overseas Bank Ltd. 4.37% 01/12/2025 GBP 25,000,000 25,000,000 0.12 United Overseas Bank Ltd. 4.37% 03/12/2025 GBP 19,500,000 19,500,000 0.09 United Overseas Bank Ltd. 4.17% 22/01/2026 GBP 23,000,000 22,996,649 0.11 United Overseas Bank Ltd. 4.34% 12/11/2025 GBP 30,000,000 30,000,000 0.14 United Overseas Bank Ltd. 4.15% 17/03/2026 GBP 49,000,000 48,984,810 0.24 751,994,769 3.62 South Korea (31 March 2025: 2.50%) KEB Hana Bank 0.00% 22/10/2025 GBP 50,000,000 49,873,404 0.24

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AVIVA INVESTORS STERLING LIQUIDITY FUND (CONTINUED) SCHEDULE OF INVESTMENTS AS AT 30 SEPTEMBER 2025

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Investments Coupon Rate Maturity Date Currency Holdings Fair Value GBP % of Net Asset Value Liquidity Instruments (31 March 2025: 96.05%) (continued) Certificates of Deposit (31 March 2025: 58.42%) (continued) South Korea (31 March 2025: 2.50%) (continued) KEB Hana Bank 0.00% 08/12/2025 GBP 39,000,000 38,683,806 0.18 KEB Hana Bank 0.00% 13/02/2026 GBP 35,000,000 34,447,503 0.16 KEB Hana Bank 0.00% 26/02/2026 GBP 25,000,000 24,566,964 0.12 Kookmin Bank 4.94% 08/10/2025 GBP 64,000,000 64,000,000 0.31 Kookmin Bank 4.71% 27/04/2026 GBP 50,000,000 50,032,752 0.24 Kookmin Bank 4.69% 05/05/2026 GBP 24,000,000 24,015,513 0.11 Kookmin Bank 0.00% 06/10/2025 GBP 60,000,000 59,965,204 0.29 Kookmin Bank 4.52% 06/07/2026 GBP 20,000,000 19,999,198 0.10 Kookmin Bank 4.13% 12/01/2026 GBP 25,000,000 24,702,750 0.12 Kookmin Bank 4.42% 06/08/2026 GBP 70,000,000 69,983,085 0.34 Woori Bank 0.00% 22/07/2026 GBP 25,000,000 24,181,121 0.12 Woori Bank 0.00% 31/07/2026 GBP 9,000,000 8,696,513 0.04 493,147,813 2.37 Spain (31 March 2025: 0.20%) Banco Santander SA 0.00% 02/03/2026 GBP 14,000,000 13,764,268 0.07 Banco Santander SA 0.00% 19/01/2026 GBP 49,000,000 48,403,997 0.23 62,168,265 0.30 Switzerland (31 March 2025: 2.68%) UBS AG 4.91% 31/10/2025 GBP 100,000,000 100,000,000 0.48 UBS AG 4.74% 31/10/2025 GBP 100,000,000 100,000,000 0.48 UBS AG 4.83% 12/11/2025 GBP 50,000,000 50,000,000 0.24 UBS AG 0.00% 10/02/2026 GBP 50,000,000 49,249,864 0.24 UBS AG 4.53% 06/02/2026 GBP 49,000,000 49,038,836 0.24 UBS AG 0.00% 27/03/2026 GBP 45,000,000 44,101,016 0.21 UBS AG 4.61% 16/04/2026 GBP 50,000,000 50,023,666 0.24 442,413,382 2.13 United Arab Emirates (31 March 2025: 8.82%) Abu Dhabi Commercial Bank PJSC 0.00% 17/11/2025 GBP 100,000,000 99,425,413 0.48 Abu Dhabi Commercial Bank PJSC 0.00% 03/11/2025 GBP 19,000,000 18,922,587 0.09 Abu Dhabi Commercial Bank PJSC 0.00% 04/11/2025 GBP 50,000,000 49,794,887 0.24 Abu Dhabi Commercial Bank PJSC 0.00% 07/11/2025 GBP 50,000,000 49,777,702 0.24 Abu Dhabi Commercial Bank PJSC 0.00% 06/01/2026 GBP 76,000,000 75,162,957 0.36 Abu Dhabi Commercial Bank PJSC 0.00% 07/01/2026 GBP 60,000,000 59,332,354 0.29 Abu Dhabi Commercial Bank PJSC 0.00% 12/01/2026 GBP 100,000,000 98,830,370 0.48 Abu Dhabi Commercial Bank PJSC 0.00% 09/12/2025 GBP 75,000,000 74,392,344 0.36 Abu Dhabi Commercial Bank PJSC 0.00% 27/02/2026 GBP 4,000,000 3,932,162 0.02 Abu Dhabi Commercial Bank PJSC 0.00% 05/02/2026 GBP 100,000,000 98,556,427 0.47 First Abu Dhabi Bank PJSC 4.91% 02/01/2026 GBP 50,000,000 50,077,654 0.24 First Abu Dhabi Bank PJSC 4.94% 08/10/2025 GBP 50,000,000 50,000,000 0.24 First Abu Dhabi Bank PJSC 4.86% 02/01/2026 GBP 33,000,000 33,047,645 0.16 First Abu Dhabi Bank PJSC 4.84% 06/01/2026 GBP 30,000,000 30,043,448 0.14 First Abu Dhabi Bank PJSC 4.83% 08/01/2026 GBP 100,000,000 100,142,251 0.48 First Abu Dhabi Bank PJSC 4.85% 16/01/2026 GBP 100,000,000 100,160,946 0.48 First Abu Dhabi Bank PJSC 4.57% 09/03/2026 GBP 100,000,000 100,108,869 0.48 First Abu Dhabi Bank PJSC 0.00% 30/06/2026 GBP 100,000,000 96,890,000 0.47 First Abu Dhabi Bank PJSC 0.00% 16/09/2026 GBP 100,000,000 96,023,000 0.46 First Abu Dhabi Bank PJSC 0.00% 12/11/2025 GBP 50,000,000 49,754,821 0.24 National Bank of Abu Dhabi 4.26% 27/08/2026 GBP 50,000,000 49,976,000 0.24 National Bank of Abu Dhabi 4.27% 28/08/2026 GBP 50,000,000 49,980,500 0.24 1,434,332,337 6.90 United Kingdom (31 March 2025: 13.69%) Citibank NA 4.37% 05/12/2025 GBP 100,000,000 100,000,000 0.48 Citibank NA 4.15% 16/02/2026 GBP 34,000,000 33,986,740 0.16 Citibank NA 4.17% 17/03/2026 GBP 24,000,000 23,995,209 0.11 Citibank NA 4.17% 17/03/2026 GBP 49,000,000 48,990,431 0.24 Citibank NA 0.00% 07/01/2026 GBP 100,000,000 98,875,000 0.47

Aviva Investors Liquidity Funds plc

AVIVA INVESTORS STERLING LIQUIDITY FUND (CONTINUED) SCHEDULE OF INVESTMENTS AS AT 30 SEPTEMBER 2025

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The accompanying notes form an integral part of these financial statements. 37

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Investments Coupon Rate Maturity Date Currency Holdings Fair Value GBP % of Net Asset Value Liquidity Instruments (31 March 2025: 96.05%) (continued) Certificates of Deposit (31 March 2025: 58.42%) (continued) United Kingdom (31 March 2025: 13.69%) (continued) Goldman Sachs International Bank 0.00% 14/10/2025 GBP 50,000,000 49,920,842 0.24 Goldman Sachs International Bank 0.00% 29/10/2025 GBP 58,000,000 57,800,538 0.28 Goldman Sachs International Bank 0.00% 25/11/2025 GBP 100,000,000 99,327,675 0.48 Goldman Sachs International Bank 0.00% 18/03/2026 GBP 100,000,000 98,107,662 0.47 Goldman Sachs International Bank 0.00% 04/03/2026 GBP 50,000,000 49,133,241 0.24 Goldman Sachs International Bank 0.00% 21/04/2026 GBP 100,000,000 97,729,485 0.47 Goldman Sachs International Bank 0.00% 05/12/2025 GBP 100,000,000 99,264,914 0.48 HSBC Bank plc 4.90% 15/10/2025 GBP 50,000,000 50,000,000 0.24 Nationwide Building Society 0.00% 25/03/2026 GBP 37,000,000 36,281,598 0.17 NatWest Markets plc 0.00% 05/11/2025 GBP 50,000,000 49,779,749 0.24 NatWest Markets plc 0.00% 01/09/2026 GBP 50,000,000 48,113,500 0.23 NatWest Markets plc 0.00% 08/09/2026 GBP 25,000,000 24,037,250 0.12 Santander UK plc 4.18% 09/02/2026 GBP 99,000,000 98,955,450 0.48 Santander UK plc 4.12% 10/11/2025 GBP 75,000,000 75,000,000 0.36 SMBC Bank International plc 0.00% 17/12/2025 GBP 100,000,000 99,121,576 0.48 SMBC Bank International plc 0.00% 06/11/2025 GBP 100,000,000 99,593,473 0.48 SMBC Bank International plc 0.00% 17/11/2025 GBP 100,000,000 99,474,419 0.48 SMBC Bank International plc 0.00% 28/11/2025 GBP 100,000,000 99,348,858 0.48 Standard Chartered Bank 4.80% 12/01/2026 GBP 50,000,000 50,066,935 0.24 Standard Chartered Bank 4.85% 20/01/2026 GBP 100,000,000 100,160,412 0.48 Standard Chartered Bank 4.75% 20/01/2026 GBP 99,000,000 99,129,684 0.48 Standard Chartered Bank 4.61% 13/04/2026 GBP 100,000,000 100,016,410 0.48 Standard Chartered Bank 4.43% 09/09/2026 GBP 100,000,000 99,985,631 0.48 Standard Chartered plc 4.70% 23/01/2026 GBP 50,000,000 50,059,931 0.24 Standard Chartered plc 4.60% 08/04/2026 GBP 100,000,000 100,007,672 0.48 Standard Chartered plc 4.35% 07/08/2026 GBP 100,000,000 99,988,143 0.48 2,336,252,428 11.24 United States of America (31 March 2025: 0.49%) Bank of America NA 0.00% 09/03/2026 GBP 50,000,000 49,104,901 0.24 49,104,901 0.24 Total Certificates of Deposit 11,362,893,754 54.65 Commercial Papers (31 March 2025: 20.30%) Australia (31 March 2025: 0.25%) Australia and New Zealand Banking Group Ltd. 0.00% 07/01/2026 GBP 100,000,000 98,893,517 0.48 98,893,517 0.48 Cayman Islands (31 March 2025: 1.88%) Chesham Finance Ltd. 0.00% 03/10/2025 GBP 100,000,000 99,978,099 0.48 Chesham Finance Ltd. 0.00% 07/10/2025 GBP 80,000,000 79,947,437 0.39 179,925,536 0.87 France (31 March 2025: 7.59%) Agence Centrale des Organismes de Securite Sociale 0.00% 16/12/2025 GBP 50,000,000 49,564,653 0.24 Agence Centrale des Organismes de Securite Sociale 0.00% 02/02/2026 GBP 70,000,000 69,012,945 0.33 Antalis SA 0.00% 22/10/2025 GBP 50,000,000 49,879,317 0.24 Antalis SA 0.00% 17/11/2025 GBP 30,000,000 29,841,380 0.14 BNP Paribas SA 0.00% 07/11/2025 GBP 90,000,000 89,624,409 0.43 LMA SA 0.00% 09/10/2025 GBP 50,000,000 49,953,918 0.24 LMA SA 0.00% 12/11/2025 GBP 30,000,000 29,858,561 0.14 LMA SA 0.00% 18/11/2025 GBP 40,000,000 39,783,959 0.19 LMA SA 0.00% 19/11/2025 GBP 19,000,000 18,895,492 0.09 LMA SA 0.00% 22/01/2026 GBP 50,000,000 49,348,000 0.24 LMA SA 0.00% 23/01/2026 GBP 50,000,000 49,365,034 0.24 Managed and Enhanced Tap (Magenta) Funding ST SA 0.00% 06/10/2025 GBP 30,000,000 29,983,063 0.14 Managed and Enhanced Tap (Magenta) Funding ST SA 0.00% 18/11/2025 GBP 50,000,000 49,729,948 0.24 Managed and Enhanced Tap (Magenta) Funding ST SA 0.00% 11/12/2025 GBP 20,000,000 19,840,201 0.10 Natixis SA 0.00% 12/01/2026 GBP 100,000,000 98,836,011 0.48 Natixis SA 0.00% 10/11/2025 GBP 50,000,000 49,775,544 0.24

Aviva Investors Liquidity Funds plc

AVIVA INVESTORS STERLING LIQUIDITY FUND (CONTINUED) SCHEDULE OF INVESTMENTS AS AT 30 SEPTEMBER 2025

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The accompanying notes form an integral part of these financial statements. 38

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Investments Coupon Rate Maturity Date Currency Holdings Fair Value GBP % of Net Asset Value Liquidity Instruments (31 March 2025: 96.05%) (continued) Commercial Papers (31 March 2025: 20.30%) (continued) France (31 March 2025: 7.59%) (continued) Natixis SA 0.00% 15/12/2025 GBP 100,000,000 99,149,297 0.48 Satellite SASU 0.00% 16/02/2026 GBP 29,000,000 28,531,950 0.14 Satellite SASU 0.00% 09/03/2026 GBP 30,000,000 29,444,400 0.14 Satellite SASU 0.00% 09/01/2026 GBP 25,000,000 24,707,750 0.12 Satellite SASU 0.00% 20/02/2026 GBP 20,000,000 19,679,191 0.09 Societe Generale SA 0.00% 31/10/2025 GBP 65,000,000 64,779,013 0.31 1,039,584,036 5.00 Germany (31 March 2025: 2.47%) DZ Bank AG 0.00% 12/03/2026 GBP 100,000,000 98,191,326 0.47 98,191,326 0.47 Ireland (31 March 2025: 5.74%) Anglesea Funding plc 0.00% 02/10/2025 GBP 250,000,000 249,972,692 1.20 Anglesea Funding plc 0.00% 07/10/2025 GBP 250,000,000 249,836,153 1.20 Anglesea Funding plc 0.00% 09/10/2025 GBP 250,000,000 249,808,845 1.20 Matchpoint Finance plc 0.00% 03/11/2025 GBP 30,000,000 29,882,034 0.15 Matchpoint Finance plc 0.00% 07/10/2025 GBP 40,000,000 39,972,094 0.19 Matchpoint Finance plc 0.00% 08/10/2025 GBP 20,000,000 19,983,721 0.10 Matchpoint Finance plc 0.00% 27/10/2025 GBP 50,000,000 49,850,966 0.24 Matchpoint Finance plc 0.00% 31/10/2025 GBP 9,000,000 8,969,257 0.04 Matchpoint Finance plc 0.00% 05/01/2026 GBP 25,000,000 24,719,000 0.12 Matchpoint Finance plc 0.00% 06/11/2025 GBP 79,000,000 78,679,988 0.38 Matchpoint Finance plc 0.00% 07/11/2025 GBP 60,000,000 59,750,202 0.29 Matchpoint Finance plc 0.00% 17/12/2025 GBP 30,000,000 29,732,400 0.14 1,091,157,352 5.25 Luxembourg (31 March 2025: 0.80%) Albion Capital Corp. SA 0.00% 20/10/2025 GBP 31,000,000 30,931,979 0.15 Sunderland Receivables SA 0.00% 22/10/2025 GBP 14,000,000 13,966,130 0.06 Sunderland Receivables SA 0.00% 31/10/2025 GBP 29,000,000 28,899,853 0.14 Sunderland Receivables SA 0.00% 31/10/2025 GBP 10,000,000 9,965,680 0.05 83,763,642 0.40 Sweden (31 March 2025: 0.00%) Swedbank 0.00% 10/11/2025 GBP 100,000,000 99,546,150 0.48 99,546,150 0.48 United Kingdom (31 March 2025: 0.49%) Barclays Bank plc 0.00% 06/02/2026 GBP 100,000,000 98,583,745 0.47 HSBC Bank plc 0.00% 14/10/2025 GBP 65,000,000 64,903,106 0.31 Verto Capital 0.00% 14/11/2025 GBP 50,000,000 49,754,047 0.24 Verto Capital 0.00% 11/12/2025 GBP 50,000,000 49,601,456 0.24 262,842,354 1.26 United States of America (31 March 2025: 1.08%) Collateralized Commercial Paper III Co. LLC 0.00% 11/12/2025 GBP 50,000,000 49,573,043 0.24 Halkin Finance LLC 0.00% 02/10/2025 GBP 100,000,000 99,989,049 0.48 Halkin Finance LLC 0.00% 03/10/2025 GBP 100,000,000 99,978,099 0.48 Halkin Finance LLC 0.00% 07/10/2025 GBP 100,000,000 99,934,297 0.48 Halkin Finance LLC 0.00% 09/10/2025 GBP 100,000,000 99,923,346 0.48 Sheffield Receivables Co. LLC 0.00% 31/10/2025 GBP 10,000,000 9,965,680 0.05 459,363,514 2.21 Total Commercial Papers 3,413,267,427 16.42 Time Deposits (31 March 2025: 17.33%) Canada (31 March 2025: 0.00%) Royal Bank of Canada 3.97% 01/10/2025 GBP 500,000,000 500,000,000 2.40 500,000,000 2.40 France (31 March 2025: 0.99%) –Germany (31 March 2025: 2.48%) Landesbank Baden-Wuerttemberg 3.98% 01/10/2025 GBP 500,000,000 500,000,000 2.40 500,000,000 2.40

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AVIVA INVESTORS STERLING LIQUIDITY FUND (CONTINUED) SCHEDULE OF INVESTMENTS AS AT 30 SEPTEMBER 2025

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Investments Coupon Rate Maturity Date Currency Holdings Fair Value GBP % of Net Asset Value Liquidity Instruments (31 March 2025: 96.05%) (continued) Time Deposits (31 March 2025: 17.33%) (continued) Japan (31 March 2025: 2.48%) Mizuho Bank Ltd. 3.97% 01/10/2025 GBP 200,000,000 200,000,000 0.96 200,000,000 0.96 Netherlands (31 March 2025: 0.00%) ABN AMRO Bank NV 3.98% 01/10/2025 GBP 300,000,000 300,000,000 1.44 300,000,000 1.44 Qatar (31 March 2025: 3.73%) Qatar National Bank QPSC 0.00% 31/12/2049 GBP 750,000,000 750,000,000 3.61 750,000,000 3.61 Sweden (31 March 2025: 3.94%) SEB SA 0.00% 31/12/2030 GBP 810,539,508 810,539,508 3.90 810,539,508 3.90 United States of America (31 March 2025: 3.71%) BNY Mellon 0.00% 31/12/2049 GBP 759,959,950 759,959,950 3.66 759,959,950 3.66 Total Time Deposits 3,820,499,458 18.37 Total Liquidity Instruments 18,596,660,639 89.44

Investments Coupon Rate Maturity Date Currency Holding Fair Value GBP % of Net Asset Value Bonds (31 March 2025: 2.96%) Australia (31 March 2025: 2.20%) Australia & New Zealand Banking Group Ltd., FRN 4.41% 05/1/2026 GBP 20,000,000 19,997,793 0.09 Australia & New Zealand Banking Group Ltd., Reg. S, FRN 4.36% 28/8/2026 GBP 100,000,000 99,948,033 0.48 Commonwealth Bank of Australia, FRN 4.37% 15/4/2026 GBP 100,000,000 99,977,325 0.48 Commonwealth Bank of Australia, Reg. S, FRN 4.30% 18/11/2025 GBP 50,000,000 50,000,000 0.24 National Australia Bank Ltd., Reg. S, FRN 4.98% 15/12/2025 GBP 22,400,000 22,434,452 0.11 292,357,603 1.40 Canada (31 March 2025: 0.76%) Bank of Montreal, Reg. S, FRN 4.64% 14/12/2025 GBP 39,000,000 39,029,250 0.19 Bank of Montreal, Reg. S, FRN 4.43% 10/7/2026 GBP 50,000,000 49,979,256 0.24 Bank of Nova Scotia (The), Reg. S, FRN 5.03% 26/1/2026 GBP 25,680,000 25,738,610 0.12 Canadian Imperial Bank of Commerce, Reg. S, FRN 4.99% 15/12/2025 GBP 10,000,000 10,015,890 0.05 National Bank of Canada, Reg. S, FRN 4.34% 24/4/2026 GBP 15,000,000 14,999,999 0.07 National Bank of Canada, Reg. S, FRN 4.34% 17/9/2026 GBP 50,000,000 49,998,642 0.24 National Bank of Canada, Reg. S, FRN 4.33% 26/10/2026 GBP 50,000,000 49,940,500 0.24 Royal Bank of Canada, Reg. S, FRN 4.38% 19/5/2026 GBP 30,000,000 30,000,000 0.15 269,702,147 1.30 South Korea (31 March 2025: 0.00%) Kookmin Bank, FRN 4.42% 08/6/2026 GBP 34,500,000 34,498,630 0.16 34,498,630 0.16 United Kingdom (31 March 2025: 0.00%) United Kingdom Gilt, Reg. S 3.50% 22/10/2025 GBP 100,000,000 99,960,012 0.48 United Kingdom Treasury Bill 0.00% 29/12/2025 GBP 100,000,000 99,014,618 0.48 198,974,630 0.96 Total investments in Bonds 795,533,010 3.82

Investments Coupon Rate Maturity Date Currency Holdings Fair Value GBP % of Net Asset Value Reverse Repurchase Agreements (31 March 2025: 2.89%) Australia (31 March 2025: 0.50%) National Australia Bank Ltd. 4.10% 01/10/2025 GBP 200,000,000 200,000,000 0.96 National Australia Bank Ltd. 4.10% 01/10/2025 GBP 400,000,000 400,000,000 1.93 600,000,000 2.89 Canada (31 March 2025: 0.84%) Royal Bank of Canada 4.10% 01/10/2025 GBP 100,000,000 100,000,000 0.48 100,000,000 0.48 Spain (31 March 2025: 0.50%) Banco Santander SA 4.00% 01/10/2025 GBP 150,000,000 150,000,000 0.72 150,000,000 0.72

Aviva Investors Liquidity Funds plc

AVIVA INVESTORS STERLING LIQUIDITY FUND (CONTINUED) SCHEDULE OF INVESTMENTS AS AT 30 SEPTEMBER 2025

avivainvestors.com | Semi-annual report and unaudited financial statements

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Investments Coupon Rate Maturity Date Currency Holdings Fair Value GBP % of Net Asset Value Reverse Repurchase Agreements (31 March 2025: 2.89%) (continued) United Kingdom (31 March 2025: 1.05%) Abbey National Treasury Services plc 4.10% 01/10/2025 GBP 277,100,000 277,100,000 1.33 Citibank NA 4.14% 01/10/2025 GBP 400,000,000 400,000,000 1.93 Citibank NA 4.14% 01/10/2025 GBP 200,000,000 200,000,000 0.96 Royal Bank of Scotland plc 4.00% 01/10/2025 GBP 50,000,000 50,000,000 0.24 927,100,000 4.46 Total Reverse Repurchase Agreements 1,777,100,000 8.55 Total investments 21,169,293,649 101.81 Total financial assets at fair value through profit or loss 21,169,293,649 101.81 Total financial liabilities at fair value through profit or loss -Cash and cash equivalents/bank overdraft 2,867,376 0.01 Other assets and liabilities (380,183,926) (1.82) Net asset value attributable to shareholders 20,791,977,099 100.00

Analysis of total assets (Unaudited) % of Total Assets Transferable securities admitted to official stock exchange listing 3.73 Transferable securities dealt in on another regulated market 8.34 Other transferable securities of the type referred to in Regulation 68 (1) (a), (b) and (c) 87.30 Other assets 0.63 Total assets 100.00

Aviva Investors Liquidity Funds plc

AVIVA INVESTORS STERLING LIQUIDITY FUND (CONTINUED) SCHEDULE OF INVESTMENTS AS AT 30 SEPTEMBER 2025

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The accompanying notes form an integral part of these financial statements. 41

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Investments Currency Holding Fair Value GBP % of Net Asset Value Collective Investment Scheme - UCITS (31 March 2025: 6.82%) Ireland (31 March 2025: 6.82%) Aviva Investors Liquidity Funds plc - Sterling Liquidity Fund 1 GBP 47,912,823 47,912,823 2.73 Aviva Investors Sterling Standard Liquidity Fund 1 GBP 24,922 27,930,201 1.59 75,843,024 4.32 Total investments in Collective Investment Scheme - UCITS 75,843,024 4.32

Investments Coupon Rate Maturity Date Currency Holdings Fair Value GBP % of Net Asset Value Liquidity Instruments (31 March 2025: 17.20%) Certificates of Deposit (31 March 2025: 14.17%) Canada (31 March 2025: 0.90%) Royal Bank of Canada 4.85% 22/12/2025 GBP 15,000,000 15,023,683 0.86 15,023,683 0.86 Finland (31 March 2025: 0.60%) –France (31 March 2025: 2.06%) Banque Federative du Credit Mutuel SA 0.00% 27/01/2026 GBP 15,000,000 14,798,393 0.84 Societe Generale SA 0.00% 22/05/2026 GBP 10,000,000 9,736,000 0.55 Societe Generale SA 4.41% 02/06/2026 GBP 10,000,000 10,008,000 0.57 Societe Generale SA 0.00% 30/06/2026 GBP 15,000,000 14,538,150 0.83 49,080,543 2.79 Japan (31 March 2025: 0.00%) Mitsubishi UFJ Trust and Banking Corp. 0.00% 29/07/2026 GBP 20,000,000 19,317,500 1.10 Mitsubishi UFJ Trust and Banking Corp. 0.00% 21/08/2026 GBP 10,000,000 9,633,858 0.55 28,951,358 1.65 Norway (31 March 2025: 0.60%) –Qatar (31 March 2025: 0.59%) Qatar National Bank QPSC 0.00% 18/05/2026 GBP 10,000,000 9,733,303 0.55 Qatar National Bank QPSC 0.00% 21/11/2025 GBP 10,000,000 9,941,342 0.57 19,674,645 1.12 South Korea (31 March 2025: 1.48%) KEB Hana Bank 0.00% 13/02/2026 GBP 15,000,000 14,763,757 0.84 KEB Hana Bank 0.00% 26/02/2026 GBP 5,000,000 4,913,590 0.28 Kookmin Bank 4.71% 27/04/2026 GBP 5,000,000 5,003,561 0.28 Kookmin Bank 4.69% 05/05/2026 GBP 10,000,000 10,007,055 0.57 34,687,963 1.97 Switzerland (31 March 2025: 2.07%) UBS AG 0.00% 10/02/2026 GBP 15,000,000 14,775,489 0.84 14,775,489 0.84 United Arab Emirates (31 March 2025: 2.63%) First Abu Dhabi Bank PJSC 4.91% 02/01/2026 GBP 5,000,000 5,007,898 0.28 First Abu Dhabi Bank PJSC 0.00% 25/03/2026 GBP 10,000,000 9,800,500 0.56 First Abu Dhabi Bank PJSC 0.00% 10/03/2026 GBP 10,000,000 9,817,200 0.56 First Abu Dhabi Bank PJSC 0.00% 01/10/2026 GBP 15,000,000 14,388,489 0.82 39,014,087 2.22 United Kingdom (31 March 2025: 3.24%) Citibank NA 4.15% 16/02/2026 GBP 15,000,000 14,996,925 0.85 Goldman Sachs International Bank 0.00% 29/10/2025 GBP 10,000,000 9,968,873 0.57 Goldman Sachs International Bank 0.00% 30/04/2026 GBP 15,000,000 14,645,431 0.83 NatWest Markets plc 0.00% 05/11/2025 GBP 20,000,000 19,918,666 1.14 Standard Chartered Bank 4.80% 12/01/2026 GBP 10,000,000 10,013,679 0.57 69,543,574 3.96 Total Certificates of Deposit 270,751,342 15.41 Commercial Papers (31 March 2025: 1.19%) France (31 March 2025: 1.19%) Natixis SA 0.00% 24/07/2026 GBP 15,000,000 14,506,593 0.82 14,506,593 0.82 Total Commercial Papers 14,506,593 0.82

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AVIVA INVESTORS STERLING LIQUIDITY PLUS FUND SCHEDULE OF INVESTMENTS AS AT 30 SEPTEMBER 2025

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Investments Coupon Rate Maturity Date Currency Holdings Fair Value GBP % of Net Asset Value Liquidity Instruments (31 March 2025: 17.20%) (continued) Time Deposits (31 March 2025: 1.84%) Sweden (31 March 2025: 1.84%) SEB SA 0.00% 31/12/2030 GBP 31,287,168 31,287,168 1.78 31,287,168 1.78 Total Time Deposits 31,287,168 1.78 Total Liquidity Instruments 316,545,103 18.01

Investments Coupon Rate Maturity Date Currency Holding Fair Value GBP % of Net Asset Value Bonds (31 March 2025: 76.81%) Algeria (31 March 2025: 1.62%) Compartment Private Driver UK 7, Reg. S, FRN 4.62% 25/4/2031 GBP 20,907,451 20,987,282 1.19 20,987,282 1.19 Australia (31 March 2025: 9.79%) Australia & New Zealand Banking Group Ltd., Reg. S, FRN 4.62% 04/12/2026 GBP 25,000,000 25,077,382 1.43 Commonwealth Bank of Australia, Reg. S, FRN 5.02% 01/11/2028 GBP 6,497,000 6,591,565 0.37 Commonwealth Bank of Australia, Reg. S, FRN 4.58% 17/10/2027 GBP 27,273,000 27,307,432 1.55 National Australia Bank Ltd., Reg. S, FRN 4.59% 17/6/2026 GBP 27,150,000 27,230,731 1.55 Westpac Banking Corp., Reg. S, FRN 4.83% 11/1/2028 GBP 25,250,000 25,397,294 1.45 Westpac Banking Corp., Reg. S, FRN 4.70% 03/7/2028 GBP 29,600,000 29,683,450 1.69 141,287,854 8.04 Canada (31 March 2025: 17.54%) Bank of Montreal, Reg. S, FRN 4.98% 09/3/2027 GBP 21,000,000 21,199,198 1.21 Bank of Montreal, Reg. S, FRN 4.99% 15/9/2026 GBP 28,180,000 28,372,177 1.62 Bank of Nova Scotia (The), Reg. S, FRN 4.98% 22/6/2026 GBP 10,000,000 10,054,794 0.57 Bank of Nova Scotia (The), Reg. S, FRN 4.61% 09/3/2027 GBP 20,000,000 20,064,889 1.14 Bank of Nova Scotia (The), Reg. S, FRN 4.53% 15/9/2028 GBP 31,727,000 31,746,994 1.81 Canadian Imperial Bank of Commerce, Reg. S, FRN 4.98% 23/6/2026 GBP 1,200,000 1,207,033 0.07 Canadian Imperial Bank of Commerce, Reg. S, FRN 4.54% 12/9/2028 GBP 29,900,000 29,931,210 1.70 Federation des Caisses Desjardins du Quebec, Reg. S, FRN 4.63% 30/11/2026 GBP 22,234,000 22,318,939 1.27 Federation des Caisses Desjardins du Quebec, Reg. S, FRN 4.67% 12/10/2027 GBP 34,444,000 34,538,070 1.97 Federation des Caisses Desjardins du Quebec, Reg. S, FRN 4.70% 15/7/2028 GBP 28,100,000 28,185,922 1.60 National Bank of Canada, Reg. S, FRN 5.01% 05/5/2026 GBP 25,200,000 25,312,301 1.44 Royal Bank of Canada, Reg. S, FRN 5.05% 22/10/2026 GBP 15,000,000 15,100,361 0.86 Royal Bank of Canada, Reg. S, FRN 4.81% 18/1/2028 GBP 30,340,000 30,539,101 1.74 Royal Bank of Canada, Reg. S, FRN 4.61% 18/3/2027 GBP 19,840,000 19,905,971 1.13 Toronto-Dominion Bank (The), Reg. S, FRN 4.69% 12/6/2028 GBP 8,000,000 8,041,316 0.46 Toronto-Dominion Bank (The), Reg. S, FRN 4.73% 18/1/2027 GBP 30,000,000 30,125,822 1.71 356,644,098 20.30 Denmark (31 March 2025: 0.54%) Danske Bank A/S, Reg. S, FRN 4.63% 13/4/2027 GBP 9,000,000 9,008,466 0.51 9,008,466 0.51 France (31 March 2025: 1.37%) Banque Federative du Credit Mutuel SA, Reg. S 1.25% 05/12/2025 GBP 2,000,000 1,989,730 0.11 BPCE SA, Reg. S, FRN 4.34% 03/3/2026 GBP 10,000,000 9,999,397 0.57 11,989,127 0.68 Ireland (31 March 2025: 0.00%) Fortuna Consumer Loan Abs DAC, Reg. S, FRN 1.90% 18/10/2035 EUR 19,600,000 17,164,412 0.98 17,164,412 0.98 Luxembourg (31 March 2025: 4.60%) Compartment Driver UK Eight, Reg. S, FRN 4.58% 25/9/2031 GBP 30,276,414 30,371,529 1.73 Compartment Driver UK Nine, Reg. S, FRN 4.57% 26/4/2032 GBP 22,384,030 22,445,616 1.28 Compartment Driver UK Ten, Reg. S, FRN 0.00% 25/4/2033 GBP 15,500,000 15,544,160 0.88 Compartment VCL 46, Reg. S, FRN 1.90% 21/7/2031 EUR 10,200,000 8,927,061 0.51 ECARAT DE SA Compartment Lease, Reg. S, FRN 2.53% 25/5/2034 EUR 16,200,000 14,218,348 0.81 Silver Arrow Compartment Silver Arrow UK, Reg. S, FRN 4.52% 20/1/2031 GBP 23,098,989 23,144,819 1.31 114,651,533 6.52 Netherlands (31 March 2025: 0.90%) ABN AMRO Bank NV, Reg. S, FRN 4.56% 24/2/2027 GBP 25,000,000 25,000,000 1.42

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Investments Coupon Rate Maturity Date Currency Holding Fair Value GBP % of Net Asset Value Bonds (31 March 2025: 76.81%) (continued) Netherlands (31 March 2025: 0.90%) (continued) Bumper NL BV, Reg. S, FRN 2.51% 24/1/2037 EUR 2,900,000 2,543,028 0.15 Mila BV, Reg. S, FRN 0.00% 12/10/2042 EUR 7,000,000 6,128,555 0.35 33,671,583 1.92 Singapore (31 March 2025: 4.80%) DBS Bank Ltd., Reg. S, FRN 4.62% 17/11/2026 GBP 19,853,000 19,914,131 1.13 DBS Bank Ltd., Reg. S, FRN 4.54% 14/5/2027 GBP 21,111,000 21,153,820 1.21 United Overseas Bank Ltd., Reg. S, FRN 4.51% 13/9/2027 GBP 16,667,000 16,696,042 0.95 57,763,993 3.29 South Korea (31 March 2025: 0.00%) Korea Housing Finance Corp 0.00% 14/10/2028 GBP 6,600,000 6,600,000 0.38 6,600,000 0.38 Switzerland (31 March 2025: 0.00%) UBS AG, Reg. S 7.75% 10/3/2026 GBP 12,500,000 12,698,965 0.72 12,698,965 0.72 United Kingdom (31 March 2025: 35.65%) Albion No 5 plc, Reg. S, FRN 4.59% 17/7/2066 GBP 5,939,402 5,955,807 0.34 Albion NO 6 plc, Reg. S, FRN 4.54% 17/1/2067 GBP 11,024,439 11,053,895 0.63 Bavarian Sky UK 5 plc, Reg. S, FRN 4.59% 20/4/2031 GBP 5,554,297 5,562,635 0.32 Bavarian Sky UK 6 plc, Reg. S, FRN 4.52% 20/6/2032 GBP 35,665,387 35,737,182 2.03 Bowbell NO 3 plc, Reg. S, FRN 4.65% 16/7/2065 GBP 8,997,120 9,032,542 0.51 Brass No 10 plc, Reg. S, FRN 4.40% 16/4/2069 GBP 1,768,850 1,771,083 0.10 Clydesdale Bank plc, Reg. S, FRN 4.61% 22/3/2026 GBP 11,586,000 11,609,429 0.66 Clydesdale Bank plc, Reg. S, FRN 4.58% 22/1/2028 GBP 11,403,000 11,438,578 0.65 Darrowby No 6 plc, Reg. S, FRN 4.49% 20/9/2071 GBP 12,247,077 12,288,979 0.70 Delamare Cards MTN Issuer plc, Reg. S, FRN 4.77% 19/4/2031 GBP 23,700,000 23,762,990 1.35 Delamare Cards MTN Issuer plc, Reg. S, FRN 4.89% 19/10/2031 GBP 20,000,000 20,103,402 1.14 Economic Master Issuer plc, Reg. S, FRN 4.27% 25/6/2073 GBP 3,671,140 3,673,243 0.21 Economic Master Issuer plc, Reg. S, FRN 4.53% 25/6/2074 GBP 3,067,938 3,076,898 0.18 Economic Master Issuer plc, Reg. S, FRN 4.47% 25/4/2075 GBP 15,187,500 15,226,764 0.87 Elvet Mortgages plc, Reg. S, FRN 4.42% 22/10/2063 GBP 6,682,320 6,690,744 0.38 Elvet Mortgages plc, Reg. S, FRN 4.55% 22/12/2066 GBP 9,484,688 9,538,379 0.54 Exmoor Funding plc, Reg. S, FRN 4.87% 25/3/2094 GBP 4,524,511 4,550,509 0.26 Friary No 8 plc, Reg. S, FRN 4.60% 21/10/2071 GBP 8,573,749 8,607,809 0.49 Friary No 9 plc, Reg. S, FRN 4.49% 21/5/2072 GBP 12,396,793 12,437,251 0.71 Holmes Master Issuer plc, Reg. S, FRN 4.80% 15/10/2054 GBP 15,734,000 15,818,511 0.90 Holmes Master Issuer plc, Reg. S, FRN 4.65% 15/10/2072 GBP 20,300,000 20,382,217 1.16 Holmes Master Issuer plc, Reg. S, FRN 4.60% 15/10/2072 GBP 6,500,000 6,522,824 0.37 Holmes Master Issuer plc, Reg. S, FRN 4.56% 15/10/2072 GBP 11,000,000 11,021,450 0.63 Koromo UK 1 plc, FRN 4.57% 23/10/2034 GBP 21,625,834 21,684,154 1.23 Lanark Master Issuer plc, Reg. S, FRN 4.81% 22/12/2069 GBP 14,895,469 14,989,556 0.85 Lanark Master Issuer plc, Reg. S, FRN 4.49% 22/12/2069 GBP 23,446,427 23,506,661 1.34 Lanark Master Issuer plc, Reg. S, FRN 4.49% 22/12/2069 GBP 21,164,000 21,225,575 1.21 Lanebrook Mortgage Transaction plc, Reg. S, FRN 4.70% 20/7/2058 GBP 63,668 63,748 0.00 Lanebrook Mortgage Transaction plc, Reg. S, FRN 5.17% 20/8/2060 GBP 8,357,283 8,432,989 0.48 Lanebrook Mortgage Transaction plc, Reg. S, FRN 4.79% 15/3/2061 GBP 6,689,303 6,720,979 0.38 Lloyds Bank plc, Reg. S, FRN 4.51% 06/11/2026 GBP 17,500,000 17,547,197 1.00 Nationwide Building Society, Reg. S, FRN 4.65% 20/4/2026 GBP 5,000,000 5,013,635 0.29 Newday Funding Master Issuer plc - Series, Reg. S, FRN 4.87% 15/7/2032 GBP 9,600,000 9,643,263 0.55 Newday Funding Master Issuer plc - Series, Reg. S, FRN 4.87% 15/11/2032 GBP 11,500,000 11,561,417 0.66 Newday Funding Master Issuer plc - Series, Reg. S, FRN 4.82% 15/4/2033 GBP 13,000,000 13,063,866 0.74 Newday Funding Master Issuer plc - Series, Reg. S, FRN 4.77% 15/7/2033 GBP 22,619,000 22,706,032 1.29 Oak No. 4 plc, Reg. S, FRN 4.61% 26/2/2065 GBP 9,675,747 9,724,528 0.55 Orbita Funding plc, Reg. S, FRN 4.65% 20/3/2029 GBP 0 0 Permanent Master Issuer plc, Reg. S, FRN 4.57% 15/7/2073 GBP 23,316,000 23,366,477 1.33 Pulse UK 2024 plc, Reg. S, FRN 4.64% 27/5/2036 GBP 14,000,000 14,042,506 0.80 Santander UK plc, Reg. S, FRN 4.54% 12/2/2027 GBP 10,000,000 10,031,640 0.57 Santander UK plc, Reg. S, FRN 4.51% 12/5/2028 GBP 13,000,000 13,041,395 0.74

Aviva Investors Liquidity Funds plc

AVIVA INVESTORS STERLING LIQUIDITY PLUS FUND (CONTINUED) SCHEDULE OF INVESTMENTS AS AT 30 SEPTEMBER 2025

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The accompanying notes form an integral part of these financial statements. 44

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Investments Coupon Rate Maturity Date Currency Holding Fair Value GBP % of Net Asset Value Bonds (31 March 2025: 76.81%) (continued) United Kingdom (31 March 2025: 35.65%) (continued) Santander UK plc, Reg. S, FRN 4.72% 12/1/2028 GBP 10,000,000 10,062,428 0.57 Satus plc, Reg. S, FRN 4.87% 17/1/2031 GBP 15,931,060 15,977,267 0.91 Silverstone Master Issuer plc, Reg. S, FRN 4.34% 21/1/2070 GBP 1,903,000 1,902,830 0.11 Silverstone Master Issuer plc, Reg. S, FRN 4.72% 21/1/2070 GBP 11,700,000 11,763,693 0.67 Silverstone Master Issuer plc, Reg. S, FRN 4.52% 21/1/2070 GBP 23,500,000 23,549,204 1.34 Silverstone Master Issuer plc, Reg. S, FRN 4.55% 21/1/2070 GBP 14,300,000 14,345,201 0.82 589,829,362 33.56 Total investments in Bonds 1,372,296,675 78.09 Total investments 1,764,684,802 100.42

Currency Purchased Amount Purchased Currency Sold Amount Sold Maturity Date Counterparty

Unrealised Gain/(Loss) GBP % of Net Asset Value Forward Currency Exchange Contracts (31 March 2025: 0.00%) EUR 16,400,000 GBP 14,235,493 06/10/2025 Morgan Stanley 101,800 0.01 EUR 7,000,000 GBP 6,066,010 08/10/2025 Standard Chartered Bank 54,258 0.00 EUR 10,200,000 GBP 8,861,147 21/10/2025 Morgan Stanley 63,632 0.00 Total Unrealised Gain on Forward Currency Exchange Contracts - Assets 219,690 0.01 GBP 23,195,594 EUR 26,685,435 31/10/2025 Morgan Stanley (167,033) (0.01) GBP 6,175,039 EUR 7,116,838 31/10/2025 Standard Chartered Bank (55,627) (0.00) Total Unrealised Loss on Forward Currency Exchange Contracts - Liabilities (222,660) (0.01) Net Unrealised Loss on Forward Currency Exchange Contracts - Liabilities (2,970) (0.00) Total financial assets at fair value through profit or loss 1,764,904,492 100.43 Total financial liabilities at fair value through profit or loss (222,660) (0.01) Cash and cash equivalents/bank overdraft (86,737) (0.00) Other assets and liabilities (7,325,100) (0.42) Net asset value attributable to shareholders 1,757,269,995 100.00

Analysis of total assets (Unaudited) % of Total Assets Transferable securities admitted to official stock exchange listing 75.15 Collective investment schemes 4.15 Other transferable securities of the type referred to in Regulation 68 (1) (a), (b) and (c) 17.33 Over-the-counter financial derivative instruments 0.01 Other assets 3.36 Total assets 100.00 1 A related party to the Fund.

Aviva Investors Liquidity Funds plc

AVIVA INVESTORS STERLING LIQUIDITY PLUS FUND (CONTINUED) SCHEDULE OF INVESTMENTS AS AT 30 SEPTEMBER 2025

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The accompanying notes form an integral part of these financial statements. 45

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Investments Currency Holding Fair Value GBP % of Net Asset Value Collective Investment Scheme - UCITS (31 March 2025: 3.81%) Ireland (31 March 2025: 3.81%) Aviva Investors Liquidity Funds plc - Sterling Liquidity Fund 1 GBP 6,850,610 6,850,610 4.71 6,850,610 4.71 Total investments in Collective Investment Scheme - UCITS 6,850,610 4.71

Investments Coupon Rate Maturity Date Currency Holdings Fair Value GBP % of Net Asset Value Liquidity Instruments (31 March 2025: 85.18%) Certificates of Deposit (31 March 2025: 57.83%) Australia (31 March 2025: 3.21%) Australia and New Zealand Banking Group Ltd. 0.00% 10/11/2025 GBP 1,000,000 995,427 0.68 Commonwealth Bank of Australia 4.29% 30/09/2026 GBP 1,000,000 1,000,000 0.69 National Australia Bank Ltd. 4.77% 05/01/2026 GBP 1,000,000 1,000,213 0.69 2,995,640 2.06 Canada (31 March 2025: 4.23%) Bank of Montreal 4.52% 06/02/2026 GBP 500,000 500,487 0.34 Bank of Montreal 4.62% 14/05/2026 GBP 1,000,000 1,000,523 0.69 Bank of Nova Scotia (The) 4.13% 20/11/2025 GBP 1,000,000 999,950 0.69 Bank of Nova Scotia (The) 4.27% 08/05/2026 GBP 1,000,000 1,000,019 0.69 National Bank of Canada 4.43% 13/07/2026 GBP 1,000,000 999,752 0.69 Royal Bank of Canada 4.75% 02/01/2026 GBP 500,000 500,751 0.34 Royal Bank of Canada 4.27% 31/03/2026 GBP 2,000,000 2,000,541 1.37 Royal Bank of Canada 4.40% 07/04/2026 GBP 1,500,000 1,500,322 1.03 Royal Bank of Canada 4.30% 15/05/2026 GBP 1,000,000 1,000,509 0.69 Toronto-Dominion Bank (The) 4.67% 07/10/2025 GBP 500,000 500,038 0.34 10,002,892 6.87 Finland (31 March 2025: 1.30%) Nordea Bank Abp 4.41% 17/10/2025 GBP 1,000,000 1,000,182 0.69 Nordea Bank Abp 0.00% 08/12/2025 GBP 1,000,000 992,439 0.68 Nordea Bank Abp 0.00% 17/02/2026 GBP 1,000,000 984,362 0.68 Nordea Bank Abp 0.00% 18/03/2026 GBP 1,500,000 1,471,615 1.01 4,448,598 3.06 France (31 March 2025: 6.49%) Banque Federative du Credit Mutuel SA 4.85% 13/01/2026 GBP 500,000 500,741 0.34 Credit Agricole Corporate and Investment Bank 0.00% 02/01/2026 GBP 1,000,000 989,406 0.68 Credit Agricole SA 0.00% 11/12/2025 GBP 1,000,000 991,835 0.68 Societe Generale SA 0.00% 02/02/2026 GBP 1,000,000 985,955 0.68 Societe Generale SA 4.41% 02/06/2026 GBP 1,000,000 1,000,470 0.69 4,468,407 3.07 Germany (31 March 2025: 1.91%) DZ Bank AG 0.00% 01/04/2026 GBP 1,000,000 979,662 0.67 DZ Bank AG 0.00% 03/11/2025 GBP 1,000,000 996,274 0.69 1,975,936 1.36 Japan (31 March 2025: 7.13%) Mitsubishi UFJ Trust and Banking Corp. 4.88% 02/12/2025 GBP 1,000,000 1,000,320 0.69 Mitsubishi UFJ Trust and Banking Corp. 0.00% 21/08/2026 GBP 1,000,000 963,303 0.66 Mitsubishi UFJ Trust and Banking Corp. 0.00% 15/10/2025 GBP 2,000,000 1,996,636 1.37 Mitsubishi UFJ Trust and Banking Corp. 0.00% 04/11/2025 GBP 1,000,000 996,112 0.68 Norinchukin Bank (The) 0.00% 06/11/2025 GBP 1,000,000 995,887 0.68 Norinchukin Bank (The) 0.00% 13/11/2025 GBP 1,500,000 1,492,644 1.03 Norinchukin Bank (The) 0.00% 20/11/2025 GBP 2,000,000 1,988,602 1.37 Sumitomo Mitsui Trust Bank Ltd. 0.00% 20/10/2025 GBP 1,000,000 997,789 0.69 Sumitomo Mitsui Trust Bank Ltd. 0.00% 24/10/2025 GBP 1,000,000 997,300 0.68 11,428,593 7.85 Netherlands (31 March 2025: 2.27%) Cooperatieve Rabobank UA 4.69% 10/10/2025 GBP 500,000 500,048 0.34 Cooperatieve Rabobank UA 0.00% 05/12/2025 GBP 1,000,000 992,552 0.68 Cooperatieve Rabobank UA 0.00% 09/02/2026 GBP 1,000,000 984,970 0.68 2,477,570 1.70

Aviva Investors Liquidity Funds plc

AVIVA INVESTORS STERLING STANDARD LIQUIDITY FUND SCHEDULE OF INVESTMENTS AS AT 30 SEPTEMBER 2025

avivainvestors.com | Semi-annual report and unaudited financial statements

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Investments Coupon Rate Maturity Date Currency Holdings Fair Value GBP % of Net Asset Value Liquidity Instruments (31 March 2025: 85.18%) (continued) Certificates of Deposit (31 March 2025: 57.83%) (continued) Norway (31 March 2025: 0.65%) DNB Bank ASA 0.00% 14/05/2026 GBP 1,000,000 974,780 0.67 974,780 0.67 Qatar (31 March 2025: 1.62%) Qatar National Bank QPSC 0.00% 21/11/2025 GBP 1,000,000 994,120 0.68 Qatar National Bank QPSC 0.00% 16/02/2026 GBP 1,500,000 1,475,791 1.02 2,469,911 1.70 Singapore (31 March 2025: 4.23%) Oversea-Chinese Banking Corp. Ltd. 4.70% 08/01/2026 GBP 1,000,000 1,000,125 0.69 Oversea-Chinese Banking Corp. Ltd. 4.57% 06/03/2026 GBP 1,000,000 1,000,109 0.69 United Overseas Bank Ltd. 4.41% 09/10/2025 GBP 500,000 500,020 0.34 United Overseas Bank Ltd. 4.37% 03/12/2025 GBP 500,000 500,185 0.34 United Overseas Bank Ltd. 4.17% 22/01/2026 GBP 1,000,000 999,854 0.69 United Overseas Bank Ltd. 4.15% 17/03/2026 GBP 1,000,000 999,690 0.69 4,999,983 3.44 South Korea (31 March 2025: 3.22%) KEB Hana Bank 0.00% 08/12/2025 GBP 1,000,000 992,126 0.68 KEB Hana Bank 0.00% 26/02/2026 GBP 1,000,000 982,679 0.67 Kookmin Bank 4.94% 08/10/2025 GBP 1,000,000 1,000,026 0.69 Kookmin Bank 4.71% 27/04/2026 GBP 1,000,000 1,000,655 0.69 Kookmin Bank 4.69% 05/05/2026 GBP 1,000,000 1,000,646 0.69 Woori Bank 0.00% 31/07/2026 GBP 1,000,000 966,279 0.66 5,942,411 4.08 Spain (31 March 2025: 0.00%) Banco Santander SA 0.00% 02/03/2026 GBP 1,000,000 983,162 0.67 Banco Santander SA 0.00% 19/01/2026 GBP 1,000,000 987,837 0.68 1,970,999 1.35 Switzerland (31 March 2025: 2.25%) UBS AG 4.83% 12/11/2025 GBP 500,000 500,080 0.34 UBS AG 4.53% 06/02/2026 GBP 1,000,000 1,000,792 0.69 UBS AG 0.00% 27/03/2026 GBP 1,000,000 980,022 0.67 UBS AG 4.61% 16/04/2026 GBP 500,000 500,237 0.35 2,981,131 2.05 United Arab Emirates (31 March 2025: 6.76%) Abu Dhabi Commercial Bank PJSC 0.00% 17/11/2025 GBP 1,000,000 994,744 0.68 Abu Dhabi Commercial Bank PJSC 0.00% 03/11/2025 GBP 1,000,000 996,306 0.68 Abu Dhabi Commercial Bank PJSC 0.00% 27/02/2026 GBP 1,000,000 983,040 0.67 Abu Dhabi Commercial Bank PJSC 0.00% 05/02/2026 GBP 1,000,000 985,564 0.68 First Abu Dhabi Bank PJSC 0.00% 25/11/2025 GBP 500,000 496,840 0.34 First Abu Dhabi Bank PJSC 4.94% 08/10/2025 GBP 1,000,000 1,000,026 0.69 First Abu Dhabi Bank PJSC 4.87% 02/01/2026 GBP 1,000,000 1,001,444 0.69 First Abu Dhabi Bank PJSC 4.84% 06/01/2026 GBP 1,000,000 1,001,448 0.69 First Abu Dhabi Bank PJSC 0.00% 30/06/2026 GBP 1,000,000 968,900 0.67 First Abu Dhabi Bank PJSC 0.00% 12/11/2025 GBP 500,000 497,652 0.34 8,925,964 6.13 United Kingdom (31 March 2025: 12.56%) Citibank NA 4.15% 16/02/2026 GBP 1,000,000 999,610 0.69 Citibank NA 0.00% 04/03/2026 GBP 2,000,000 1,964,720 1.35 Goldman Sachs International Bank 0.00% 14/10/2025 GBP 500,000 499,245 0.34 Goldman Sachs International Bank 0.00% 29/10/2025 GBP 1,000,000 996,879 0.68 HSBC Bank plc 4.90% 15/10/2025 GBP 1,000,000 1,000,073 0.69 Nationwide Building Society 0.00% 25/03/2026 GBP 1,000,000 980,584 0.67 NatWest Markets plc 0.00% 05/11/2025 GBP 1,000,000 995,924 0.68 Standard Chartered Bank 4.85% 20/01/2026 GBP 1,000,000 1,001,604 0.69 Standard Chartered Bank 4.75% 20/01/2026 GBP 1,000,000 1,001,310 0.69 Standard Chartered Bank 4.42% 09/09/2026 GBP 1,000,000 999,857 0.69

Aviva Investors Liquidity Funds plc

AVIVA INVESTORS STERLING STANDARD LIQUIDITY FUND (CONTINUED) SCHEDULE OF INVESTMENTS AS AT 30 SEPTEMBER 2025

avivainvestors.com | Semi-annual report and unaudited financial statements

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Investments Coupon Rate Maturity Date Currency Holdings Fair Value GBP % of Net Asset Value Liquidity Instruments (31 March 2025: 85.18%) (continued) Certificates of Deposit (31 March 2025: 57.83%) (continued) United Kingdom (31 March 2025: 12.56%) (continued) Standard Chartered plc 4.60% 08/04/2026 GBP 1,000,000 1,000,077 0.69 Standard Chartered plc 4.35% 07/08/2026 GBP 1,000,000 999,882 0.69 12,439,765 8.55 United States of America (31 March 2025: 0.00%) Bank of America NA 0.00% 09/03/2026 GBP 1,000,000 982,098 0.67 982,098 0.67 Total Certificates of Deposit 79,484,678 54.61 Commercial Papers (31 March 2025: 12.68%) Australia (31 March 2025: 0.32%) –France (31 March 2025: 3.56%) LMA SA 0.00% 19/11/2025 GBP 1,000,000 994,530 0.68 Natixis SA 0.00% 15/12/2025 GBP 500,000 495,747 0.34 Satellite SASU 0.00% 16/02/2026 GBP 1,000,000 983,860 0.68 2,474,137 1.70 Germany (31 March 2025: 0.65%) –Ireland (31 March 2025: 3.89%) Matchpoint Finance plc 0.00% 31/10/2025 GBP 1,000,000 996,490 0.69 996,490 0.69 Luxembourg (31 March 2025: 2.98%) Albion Capital Corp. SA 0.00% 14/10/2025 GBP 2,000,000 1,996,740 1.37 Sunderland Receivables SA 0.00% 22/10/2025 GBP 1,000,000 997,586 0.69 Sunderland Receivables SA 0.00% 31/10/2025 GBP 1,000,000 996,602 0.68 3,990,928 2.74 United Kingdom (31 March 2025: 1.28%) Barclays Bank plc 0.00% 06/02/2026 GBP 2,000,000 1,971,675 1.35 1,971,675 1.35 United States of America (31 March 2025: 0.00%) Halkin Finance LLC 0.00% 07/10/2025 GBP 2,000,000 1,998,400 1.37 1,998,400 1.37 Total Commercial Papers 11,431,630 7.85 Time Deposits (31 March 2025: 14.67%) France (31 March 2025: 0.65%) –Germany (31 March 2025: 9.51%) Landesbank Baden-Wuerttemberg 3.98% 01/10/2025 GBP 14,500,000 14,500,000 9.96 14,500,000 9.96 United States of America (31 March 2025: 4.51%) BNY Mellon 0.00% 31/12/2049 GBP 7,054,910 7,054,910 4.85 7,054,910 4.85 Total Time Deposits 21,554,910 14.81 Total Liquidity Instruments 112,471,218 77.27

Investments Coupon Rate Maturity Date Currency Holding Fair Value GBP % of Net Asset Value Bonds (31 March 2025: 13.57%) Australia (31 March 2025: 3.91%) Australia & New Zealand Banking Group Ltd., Reg. S, FRN 4.61% 04/12/2026 GBP 1,000,000 1,002,978 0.69 Australia & New Zealand Banking Group Ltd., Reg. S, FRN 4.36% 28/8/2026 GBP 2,000,000 1,998,961 1.37 Commonwealth Bank of Australia, FRN 4.37% 15/4/2026 GBP 1,000,000 999,773 0.69 Commonwealth Bank of Australia, Reg. S, FRN 4.30% 18/11/2025 GBP 500,000 499,972 0.34 National Australia Bank Ltd., Reg. S, FRN 4.99% 15/12/2025 GBP 1,000,000 1,001,538 0.69 Westpac Banking Corp., Reg. S, FRN 4.98% 16/3/2026 GBP 500,000 501,563 0.35 6,004,785 4.13 Canada (31 March 2025: 7.12%) Bank of Montreal, Reg. S, FRN 4.99% 15/9/2026 GBP 500,000 503,093 0.35 Bank of Montreal, Reg. S, FRN 4.63% 14/12/2025 GBP 1,500,000 1,501,125 1.03 Bank of Nova Scotia (The), Reg. S, FRN 5.03% 26/1/2026 GBP 2,215,000 2,220,055 1.52 Canadian Imperial Bank of Commerce, Reg. S, FRN 4.99% 15/12/2025 GBP 700,000 701,112 0.48 Canadian Imperial Bank of Commerce, Reg. S, FRN 4.70% 13/4/2026 GBP 1,000,000 1,001,724 0.69

Aviva Investors Liquidity Funds plc

AVIVA INVESTORS STERLING STANDARD LIQUIDITY FUND (CONTINUED) SCHEDULE OF INVESTMENTS AS AT 30 SEPTEMBER 2025

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Investments Coupon Rate Maturity Date Currency Holding Fair Value GBP % of Net Asset Value Bonds (31 March 2025: 13.57%) (continued) Canada (31 March 2025: 7.12%) (continued) National Bank of Canada, Reg. S, FRN 5.01% 05/5/2026 GBP 2,000,000 2,008,051 1.38 National Bank of Canada, Reg. S, FRN 4.34% 24/4/2026 GBP 2,000,000 2,000,000 1.37 National Bank of Canada, Reg. S, FRN 4.34% 17/9/2026 GBP 1,000,000 999,973 0.69 Royal Bank of Canada, Reg. S, FRN 5.05% 22/10/2026 GBP 1,000,000 1,006,561 0.69 11,941,694 8.20 France (31 March 2025: 0.39%) Banque Federative du Credit Mutuel SA, Reg. S 1.25% 05/12/2025 GBP 400,000 397,694 0.27 397,694 0.27 Netherlands (31 March 2025: 0.65%) ABN AMRO Bank NV, Reg. S, FRN 4.57% 24/2/2027 GBP 1,000,000 999,500 0.69 999,500 0.69 Norway (31 March 2025: 0.00%) DNB Bank ASA, Reg. S, FRN 4.00% 17/8/2027 GBP 2,500,000 2,491,980 1.71 2,491,980 1.71 Singapore (31 March 2025: 0.85%) DBS Bank Ltd., Reg. S, FRN 4.99% 17/11/2025 GBP 1,300,000 1,301,224 0.89 1,301,224 0.89 South Korea (31 March 2025: 0.00%) Kookmin Bank, FRN 4.42% 08/6/2026 GBP 500,000 499,980 0.34 499,980 0.34 Switzerland (31 March 2025: 0.00%) UBS AG, Reg. S 7.75% 10/3/2026 GBP 500,000 507,259 0.35 507,259 0.35 United Kingdom (31 March 2025: 0.65%) Santander UK plc, Reg. S, FRN 4.42% 12/3/2026 GBP 1,000,000 1,000,840 0.69 1,000,840 0.69 Total investments in Bonds 25,144,956 17.27 Total investments 144,466,784 99.25 Total financial assets at fair value through profit or loss 144,466,784 99.25 Total financial liabilities at fair value through profit or loss -Cash and cash equivalents/bank overdraft 193,847 0.13 Other assets and liabilities 891,113 0.62 Net asset value attributable to shareholders 145,551,744 100.00

Analysis of total assets (Unaudited) % of Total Assets Transferable securities admitted to official stock exchange listing 17.27 Collective investment schemes 4.70 Other transferable securities of the type referred to in Regulation 68 (1) (a), (b) and (c) 77.23 Other assets 0.80 Total assets 100.00 1 A related party to the Fund.

Aviva Investors Liquidity Funds plc

AVIVA INVESTORS STERLING STANDARD LIQUIDITY FUND (CONTINUED) SCHEDULE OF INVESTMENTS AS AT 30 SEPTEMBER 2025

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Investments Coupon Rate Maturity Date Currency Holdings Fair Value USD % of Net Asset Value Liquidity Instruments (31 March 2025: 98.57%) Certificates of Deposit (31 March 2025: 28.56%) Australia (31 March 2025: 4.78%) Westpac Banking Corp. 4.44% 18/12/2025 USD 12,000,000 12,004,799 0.91 Westpac Banking Corp. 4.47% 02/10/2025 USD 12,000,000 12,000,000 0.90 Westpac Banking Corp. 4.45% 12/06/2026 USD 15,000,000 15,003,603 1.13 39,008,402 2.94 Belgium (31 March 2025: 1.19%) Belfius Bank SA 0.00% 09/10/2025 USD 12,000,000 11,988,840 0.90 11,988,840 0.90 Canada (31 March 2025: 4.68%) Bank of Montreal 0.00% 01/10/2025 USD 20,000,000 20,000,000 1.51 Bank of Nova Scotia (The) 4.50% 03/10/2025 USD 12,000,000 12,000,000 0.91 Canadian Imperial Bank of Commerce 4.51% 09/10/2025 USD 15,000,000 15,000,000 1.13 47,000,000 3.55 Denmark (31 March 2025: 0.00%) Jyske Bank 0.00% 08/10/2025 USD 25,000,000 24,979,602 1.88 24,979,602 1.88 France (31 March 2025: 1.00%) Credit Agricole Corporate and Investment Bank 0.00% 31/10/2025 USD 15,000,000 14,945,367 1.13 14,945,367 1.13 Japan (31 March 2025: 7.01%) Mitsubishi UFJ Trust and Banking Corp. 0.00% 23/10/2025 USD 12,000,000 11,967,496 0.90 Mitsubishi UFJ Trust and Banking Corp. 0.00% 10/10/2025 USD 15,000,000 14,983,390 1.13 Mitsubishi UFJ Trust and Banking Corp. 0.00% 24/11/2025 USD 10,000,000 9,933,668 0.75 Mizuho Bank Ltd. 0.00% 03/11/2025 USD 15,000,000 14,940,002 1.13 Sumitomo Mitsui Banking Corp. 0.00% 10/11/2025 USD 9,000,000 8,957,144 0.68 Sumitomo Mitsui Banking Corp. 0.00% 06/10/2025 USD 15,000,000 14,990,987 1.13 Sumitomo Mitsui Banking Corp. 0.00% 14/10/2025 USD 1,000,000 998,388 0.08 Sumitomo Mitsui Banking Corp. 0.00% 09/10/2025 USD 12,000,000 11,988,136 0.90 88,759,211 6.70 Netherlands (31 March 2025: 1.47%) –Qatar (31 March 2025: 0.50%) Qatar National Bank QPSC 0.00% 24/11/2025 USD 10,000,000 9,934,457 0.75 9,934,457 0.75 Singapore (31 March 2025: 0.00%) Oversea-Chinese Banking Corp. Ltd. 4.43% 10/10/2025 USD 15,000,000 15,000,000 1.13 15,000,000 1.13 South Korea (31 March 2025: 4.95%) KEB Hana Bank 0.00% 28/11/2025 USD 5,000,000 4,963,791 0.37 KEB Hana Bank 0.00% 02/12/2025 USD 10,000,000 9,922,095 0.75 Shinhan Bank Co., Ltd. 0.00% 14/10/2025 USD 15,000,000 14,976,058 1.13 29,861,944 2.25 Switzerland (31 March 2025: 1.00%) –United Arab Emirates (31 March 2025: 0.99%) First Abu Dhabi Bank PJSC 0.00% 30/01/2026 USD 15,000,000 14,795,000 1.12 14,795,000 1.12 United Kingdom (31 March 2025: 0.99%) Goldman Sachs International Bank 0.00% 05/12/2025 USD 15,000,000 14,886,744 1.12 Lloyds Bank Corporate Markets plc 0.00% 04/12/2025 USD 20,000,000 19,845,164 1.50 Standard Chartered Bank 4.74% 16/01/2026 USD 10,000,000 9,999,786 0.76 44,731,694 3.38 Total Certificates of Deposit 341,004,517 25.73 Commercial Papers (31 March 2025: 33.00%) Australia (31 March 2025: 1.99%) –Canada (31 March 2025: 4.68%) Bank of Nova Scotia (The) 4.69% 16/10/2025 USD 12,000,000 12,000,000 0.91 Canadian Imperial Bank of Commerce 0.00% 07/10/2025 USD 25,000,000 24,982,875 1.88

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Investments Coupon Rate Maturity Date Currency Holdings Fair Value USD % of Net Asset Value Liquidity Instruments (31 March 2025: 98.57%) (continued) Commercial Papers (31 March 2025: 33.00%) (continued) Canada (31 March 2025: 4.68%) (continued) Royal Bank of Canada 4.48% 04/12/2025 USD 10,000,000 10,000,000 0.75 Royal Bank of Canada 4.51% 01/05/2026 USD 10,000,000 10,009,534 0.76 56,992,409 4.30 Cayman Islands (31 March 2025: 1.99%) Chesham Finance Ltd. 0.00% 01/10/2025 USD 40,000,000 40,000,000 3.02 40,000,000 3.02 Finland (31 March 2025: 1.19%) –France (31 March 2025: 0.00%) Agence Centrale des Organismes de Securite Sociale 0.00% 01/10/2025 USD 15,000,000 15,000,000 1.13 Agence Centrale des Organismes de Securite Sociale 0.00% 01/10/2025 USD 15,000,000 15,000,000 1.13 Agence Centrale des Organismes de Securite Sociale 0.00% 03/10/2025 USD 21,000,000 20,995,127 1.59 50,995,127 3.85 Germany (31 March 2025: 0.00%) Deutsche Bank AG 0.00% 10/11/2025 USD 5,000,000 4,976,137 0.37 DZ Bank AG 0.00% 01/10/2025 USD 60,000,000 60,000,000 4.53 Kreditanstalt für Wiederaufbau 0.00% 16/10/2025 USD 11,000,000 10,980,966 0.83 75,957,103 5.73 Ireland (31 March 2025: 3.98%) Anglesea Funding plc 0.00% 01/10/2025 USD 50,000,000 50,000,000 3.77 50,000,000 3.77 Netherlands (31 March 2025: 2.99%) BNG Bank NV 0.00% 06/10/2025 USD 25,000,000 24,985,608 1.89 24,985,608 1.89 Singapore (31 March 2025: 0.99%) DBS Bank Ltd. 0.00% 03/10/2025 USD 30,000,000 29,993,117 2.26 United Overseas Bank Ltd. 4.52% 06/03/2026 USD 8,000,000 8,000,249 0.61 37,993,366 2.87 Spain (31 March 2025: 1.49%) –Sweden (31 March 2025: 0.99%) Svenska Handelsbanken AB 4.36% 25/11/2025 USD 10,000,000 10,000,000 0.75 10,000,000 0.75 United Kingdom (31 March 2025: 2.39%) Barclays Bank plc 0.00% 01/10/2025 USD 11,250,000 11,250,000 0.85 Barclays Bank plc 0.00% 06/10/2025 USD 25,000,000 24,985,694 1.89 Verto Capital 0.00% 14/10/2025 USD 12,000,000 11,980,644 0.90 Verto Capital 0.00% 07/11/2025 USD 10,000,000 9,955,140 0.75 58,171,478 4.39 United States of America (31 March 2025: 10.32%) Collateralized Commercial Paper III Co. LLC 0.00% 12/01/2026 USD 15,000,000 14,825,246 1.12 Great Bear Funding LLC 0.00% 06/10/2025 USD 35,000,000 34,979,972 2.64 Halkin Finance LLC 0.00% 01/10/2025 USD 40,000,000 40,000,000 3.02 Lion Bay Funding LLC 0.00% 01/10/2025 USD 40,000,000 40,000,000 3.02 Mont Blanc Capital Corp. 0.00% 02/10/2025 USD 8,495,000 8,494,021 0.64 138,299,239 10.44 Total Commercial Papers 543,394,330 41.01 Time Deposits (31 March 2025: 37.01%) Belgium (31 March 2025: 7.57%) KBC Bank NV 4.07% 01/10/2025 USD 54,500,000 54,500,000 4.11 54,500,000 4.11 France (31 March 2025: 8.58%) BRED Banque Populaire 4.09% 01/10/2025 USD 80,000,000 80,000,000 6.04 La Banque Postale SA 4.07% 01/10/2025 USD 30,000,000 30,000,000 2.26 110,000,000 8.30 Germany (31 March 2025: 9.36%) Landesbank Baden-Wuerttemberg 4.09% 01/10/2025 USD 110,000,000 110,000,000 8.30 110,000,000 8.30

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Investments Coupon Rate Maturity Date Currency Holdings Fair Value USD % of Net Asset Value Liquidity Instruments (31 March 2025: 98.57%) (continued) Time Deposits (31 March 2025: 37.01%) (continued) Qatar (31 March 2025: 3.20%) Qatar National Bank QPSC 0.00% 31/12/2049 USD 32,100,000 32,100,000 2.42 32,100,000 2.42 Sweden (31 March 2025: 5.71%) SEB SA 0.00% 31/12/2030 USD 58,712,602 58,712,601 4.43 58,712,601 4.43 United Kingdom (31 March 2025: 0.00%) NatWest Markets plc 4.08% 01/10/2025 USD 56,000,000 56,000,000 4.23 56,000,000 4.23 United States of America (31 March 2025: 2.59%) BNY Mellon 0.00% 31/12/2049 USD 16,515,675 16,515,675 1.25 16,515,675 1.25 Total Time Deposits 437,828,276 33.04 Total Liquidity Instruments 1,322,227,123 99.78

Investments Coupon Rate Maturity Date Currency Holding Fair Value USD % of Net Asset Value Bonds (31 March 2025: 1.49%) Singapore (31 March 2025: 1.49%) DBS Bank Ltd., Reg. S 4.65% 01/12/2025 USD 15,000,000 15,000,000 1.13 15,000,000 1.13 Total investments in Bonds 15,000,000 1.13 Total investments 1,337,227,123 100.91 Total financial assets at fair value through profit or loss 1,337,227,123 100.91 Total financial liabilities at fair value through profit or loss -Cash and cash equivalents/bank overdraft 420,600 0.03 Other assets and liabilities (12,453,629) (0.94) Net asset value attributable to shareholders 1,325,194,094 100.00

Analysis of total assets (Unaudited) % of Total Assets Transferable securities admitted to official stock exchange listing 1.12 Other transferable securities of the type referred to in Regulation 68 (1) (a), (b) and (c) 98.65 Other assets 0.23 Total assets 100.00

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Aviva Investors Euro Liquidity Fund

Purchases Holding Investment Cost EUR 75,000,000 Agence Centrale des Organismes de Securite Sociale 0.00% 13/06/2025 74,938,217 60,000,000 Anglesea Funding plc 0.00% 24/06/2025 59,977,259 60,000,000 Anglesea Funding plc 0.00% 01/07/2025 59,977,259 60,000,000 Anglesea Funding plc 0.00% 08/07/2025 59,977,259 60,000,000 Anglesea Funding plc 0.00% 15/07/2025 59,977,259 60,000,000 Anglesea Funding plc 0.00% 22/07/2025 59,977,259 60,000,000 Anglesea Funding plc 0.00% 29/07/2025 59,977,259 60,000,000 Anglesea Funding plc 0.00% 05/08/2025 59,977,259 60,000,000 Anglesea Funding plc 0.00% 12/08/2025 59,977,259 60,000,000 Anglesea Funding plc 0.00% 17/06/2025 59,976,793 60,000,000 Verto Capital 0.00% 03/10/2025 59,976,792 60,000,000 Anglesea Funding plc 0.00% 03/06/2025 59,974,345 60,000,000 Anglesea Funding plc 0.00% 10/06/2025 59,974,344 53,000,000 NRW. Bank 0.00% 24/06/2025 52,988,460 50,000,000 Chesham Finance Ltd. 0.00% 04/09/2025 49,983,422 50,000,000 Great Bear Funding Ltd 0.00% 23/06/2025 49,981,146 50,000,000 Verto Capital 0.00% 22/08/2025 49,980,661 50,000,000 Verto Capital 0.00% 05/09/2025 49,980,661 50,000,000 Chesham Finance Ltd. 0.00% 18/09/2025 49,980,661 50,000,000 Verto Capital 0.00% 19/09/2025 49,980,661

Sales Holding Investment Proceeds EUR 75,000,000 Agence Centrale des Organismes de Securite Sociale 0.00% 13/06/2025 75,000,000 60,000,000 Anglesea Funding plc 0.00% 03/06/2025 60,000,000 60,000,000 Anglesea Funding plc 0.00% 10/06/2025 60,000,000 60,000,000 Anglesea Funding plc 0.00% 17/06/2025 60,000,000 60,000,000 Anglesea Funding plc 0.00% 24/06/2025 60,000,000 60,000,000 Anglesea Funding plc 0.00% 01/07/2025 60,000,000 60,000,000 Anglesea Funding plc 0.00% 08/07/2025 60,000,000 60,000,000 Anglesea Funding plc 0.00% 15/07/2025 60,000,000 60,000,000 Anglesea Funding plc 0.00% 22/07/2025 60,000,000 60,000,000 Anglesea Funding plc 0.00% 29/07/2025 60,000,000 60,000,000 Anglesea Funding plc 0.00% 05/08/2025 60,000,000 60,000,000 Anglesea Funding plc 0.00% 12/08/2025 60,000,000 53,000,000 NRW. Bank 0.00% 24/06/2025 53,000,000 50,000,000 Agence Centrale des Organismes de Securite Sociale 0.00% 17/07/2025 50,000,000 50,000,000 Verto Capital 0.00% 20/06/2025 50,000,000 50,000,000 Great Bear Funding Ltd 0.00% 23/06/2025 50,000,000 50,000,000 Verto Capital 0.00% 08/08/2025 50,000,000 50,000,000 Halkin Finance plc 0.00% 20/08/2025 50,000,000 50,000,000 Chesham Finance Ltd. 0.00% 11/09/2025 50,000,000 50,000,000 Halkin Finance plc 0.00% 24/09/2025 50,000,000

The CBI requires a schedule of material changes in the composition of the portfolio during the financial period. These are defined as aggregate purcha ses of a security exceeding one per cent of the total value of purchases for the financial period and aggregate disposals greater than one per cent of the total value of sales. At a mi nimum the largest 20 purchases and 20 sales must be given or all purchases and sales if less than 20. A full listing of the portfolio changes for the financial period is availa ble, upon request, at no cost from the Administrator.

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Aviva Investors Sterling Government Liquidity Fund

Purchases Holding Investment Cost GBP 200,000,000 UK Treasury Bill 0.00% 29/12/2025 0.00% 197,975,570 200,000,000 UK Treasury Bill 0.00% 24/11/2025 0.00% 196,925,933 142,450,000 UK Treasury Bill 0.00% 15/09/2025 0.00% 141,024,222 100,000,000 UK Gilt Bond 3.50% 22/10/2025 0.00% 100,649,167 100,000,000 UK Treasury Bill 0.00% 07/07/2025 0.00% 99,671,984 100,000,000 UK Treasury Bill 0.00% 30/06/2025 0.00% 99,671,603 100,000,000 UK Treasury Bill 0.00% 10/11/2025 0.00% 98,995,725 100,000,000 UK Treasury Bill 0.00% 17/11/2025 0.00% 98,995,481 100,000,000 UK Treasury Bill 0.00% 08/12/2025 0.00% 98,993,282 100,000,000 UK Treasury Bill 0.00% 15/12/2025 0.00% 98,993,282 100,000,000 UK Treasury Bill 0.00% 26/08/2025 0.00% 98,940,537 100,000,000 UK Treasury Bill 0.00% 23/02/2026 0.00% 98,012,126 100,000,000 UK Treasury Bill 0.00% 09/02/2026 0.00% 98,011,421 100,000,000 UK Treasury Bill 0.00% 16/03/2026 0.00% 98,011,421 100,000,000 UK Treasury Bill 0.00% 16/02/2026 0.00% 98,010,942 100,000,000 UK Treasury Bill 0.00% 30/03/2026 0.00% 98,009,026 71,495,000 UK Treasury Bill 0.00% 01/12/2025 0.00% 70,775,072 55,466,000 UK Treasury Bill 0.00% 23/06/2025 0.00% 55,290,847 54,174,000 UK Treasury Bill 0.00% 12/05/2025 0.00% 53,989,696 50,320,000 UK Treasury Bill 0.00% 18/08/2025 0.00% 49,786,878 50,000,000 UK Treasury Bill 0.00% 22/12/2025 0.00% 49,495,420 50,000,000 UK Treasury Bill 0.00% 23/03/2026 0.00% 49,003,316 22,593,000 UK Treasury Bill 0.00% 21/07/2025 0.00% 22,351,603

Sales Holding Investment Proceeds GBP 450,000,000 UK Treasury Bill 0.00% 30/06/2025 0.00% 450,000,000 300,000,000 UK Treasury Bill 0.00% 06/05/2025 0.00% 300,000,000 267,881,000 UK Treasury Bill 0.00% 28/04/2025 0.00% 267,881,000 197,921,000 UK Treasury Bill 0.00% 22/04/2025 0.00% 197,921,000 184,938,000 UK Treasury Bill 0.00% 11/08/2025 0.00% 184,938,000 154,174,000 UK Treasury Bill 0.00% 12/05/2025 0.00% 154,174,000 142,450,000 UK Treasury Bill 0.00% 15/09/2025 0.00% 142,450,000 125,000,000 UK Treasury Bill 0.00% 19/05/2025 0.00% 125,000,000 123,496,000 UK Treasury Bill 0.00% 07/04/2025 0.00% 123,496,000 117,591,900 UK Treasury Bill 0.00% 18/08/2025 0.00% 117,591,900 100,000,000 UK Treasury Bill 0.00% 14/04/2025 0.00% 100,000,000 100,000,000 UK Treasury Bill 0.00% 07/07/2025 0.00% 100,000,000 100,000,000 UK Treasury Bill 0.00% 28/07/2025 0.00% 100,000,000 100,000,000 UK Treasury Bill 0.00% 26/08/2025 0.00% 100,000,000 75,000,000 UK Treasury Bill 0.00% 27/05/2025 0.00% 75,000,000 55,466,000 UK Treasury Bill 0.00% 23/06/2025 0.00% 55,466,000 22,593,000 UK Treasury Bill 0.00% 21/07/2025 0.00% 22,593,000 10,125,000 UK Treasury Bill 0.00% 29/09/2025 0.00% 10,125,000 7,300,000 UK Treasury Bill 0.00% 09/06/2025 0.00% 7,300,000 4,300,000 UK Treasury Bill 0.00% 04/08/2025 0.00% 4,300,000

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Aviva Investors Sterling Liquidity Fund

Purchases Holding Investment Cost GBP 250,000,000 Santander UK plc 4.46% 08/04/2025 250,000,000 250,000,000 Santander UK plc 4.46% 10/04/2025 250,000,000 250,000,000 Santander UK plc 4.46% 15/04/2025 250,000,000 250,000,000 Santander UK plc 4.46% 17/04/2025 250,000,000 250,000,000 Santander UK plc 4.46% 22/04/2025 250,000,000 250,000,000 Santander UK plc 4.46% 24/04/2025 250,000,000 250,000,000 Santander UK plc 4.46% 29/04/2025 250,000,000 250,000,000 Santander UK plc 4.46% 01/05/2025 250,000,000 250,000,000 Santander UK plc 4.46% 06/05/2025 250,000,000 250,000,000 Santander UK plc 4.21% 20/05/2025 250,000,000 250,000,000 Santander UK plc 4.21% 22/05/2025 250,000,000 250,000,000 Santander UK plc 4.21% 27/05/2025 250,000,000 250,000,000 Santander UK plc 4.21% 29/05/2025 250,000,000 250,000,000 Santander UK plc 4.21% 03/06/2025 250,000,000 250,000,000 Santander UK plc 4.21% 05/06/2025 250,000,000 250,000,000 Santander UK plc 4.21% 10/06/2025 250,000,000 250,000,000 Santander UK plc 4.21% 12/06/2025 250,000,000 250,000,000 Santander UK plc 4.21% 17/06/2025 250,000,000 250,000,000 Santander UK plc 4.21% 24/06/2025 250,000,000 250,000,000 Santander UK plc 4.21% 01/07/2025 250,000,000

Sales Holding Investment Proceeds GBP 250,000,000 Santander UK plc 4.46% 01/04/2025 250,000,000 250,000,000 Santander UK plc 4.46% 03/04/2025 250,000,000 250,000,000 Santander UK plc 4.46% 08/04/2025 250,000,000 250,000,000 Santander UK plc 4.46% 10/04/2025 250,000,000 250,000,000 Santander UK plc 4.46% 15/04/2025 250,000,000 250,000,000 Santander UK plc 4.21% 10/06/2025 250,000,000 250,000,000 Santander UK plc 4.21% 19/06/2025 250,000,000 250,000,000 Santander UK plc 4.21% 26/06/2025 250,000,000 250,000,000 Santander UK plc 4.21% 03/07/2025 250,000,000 250,000,000 Anglesea Funding plc 0.00% 03/04/2025 250,000,000 250,000,000 Anglesea Funding plc 0.00% 07/04/2025 250,000,000 250,000,000 Anglesea Funding plc 0.00% 10/04/2025 250,000,000 250,000,000 Anglesea Funding plc 0.00% 14/04/2025 250,000,000 250,000,000 Anglesea Funding plc 0.00% 12/06/2025 250,000,000 250,000,000 Anglesea Funding plc 0.00% 15/07/2025 250,000,000 250,000,000 Anglesea Funding plc 0.00% 29/07/2025 250,000,000 250,000,000 Anglesea Funding plc 0.00% 12/08/2025 250,000,000 250,000,000 Anglesea Funding plc 0.00% 26/08/2025 250,000,000 250,000,000 Anglesea Funding plc 0.00% 09/09/2025 250,000,000 250,000,000 Anglesea Funding plc 0.00% 23/09/2025 250,000,000

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Aviva Investors Sterling Liquidity Plus Fund

Purchases Holding Investment Cost GBP 376,200,000 Aviva Investors Liquidity Funds plc - Sterling Liquidity Fund 376,200,000 31,727,000 Bank of Nova Scotia (The) 0.00% 15/09/2028 0.00% 31,739,215 29,900,000 Canadian Imperial Bank of Commerce 0.00% 12/09/2028 0.00% 29,917,237 25,000,000 Federation des Caisses Desjardins du Quebec 0.00% 12/10/2027 0.00% 25,197,589 22,619,000 Newday Funding Master Issuer plc - Series 4.77% 15/07/2033 0.00% 22,663,894 20,340,000 Royal Bank of Canada 0.00% 18/01/2028 0.00% 20,505,942 20,250,000 Westpac Banking Corp 0.00% 11/01/2028 0.00% 20,403,928 20,000,000 MUFG Bank Ltd. 0.00% 29/07/2026 19,195,978 19,600,000 Fortuna Consumer Loan Abs DAC 1.90% 18/10/2035 0.00% 17,048,351 15,500,000 Compartment Driver UK Ten 0.00% 25/04/2033 0.00% 15,500,000 15,000,000 Citibank NA 4.15% 16/02/2026 15,000,000 14,700,000 Delamare Cards MTN Issuer Plc 4.77% 19/04/2031 0.00% 14,750,532 15,000,000 KEB Hana Bank 0.00% 13/02/2026 14,688,996 15,000,000 Goldman Sachs International Bank 0.00% 30/04/2026 14,542,582 15,000,000 Societe Generale SA 0.00% 30/06/2026 14,448,350 15,000,000 Natixis SA 0.00% 24/07/2026 14,394,012 15,000,000 First Abu Dhabi Bank PJSC 0.00% 01/10/2026 14,388,489 16,200,000 ECARAT DE SA Compartment Lease 2.51% 25/05/2034 0.00% 14,035,874 13,000,000 Santander UK plc 0.00% 12/05/2028 0.00% 13,000,000 12,500,000 UBS AG 7.75% 10/03/2026 0.00% 12,986,575 11,970,453 Compartment Driver UK Nine 4.57% 26/04/2032 0.00% 11,982,605 11,000,000 Holmes Master Issuer plc 0.00% 15/10/2072 0.00% 11,000,000 10,000,000 Santander UK plc 0.00% 12/01/2028 0.00% 10,070,422 10,044,015 Compartment Driver UK Eight 4.57% 25/09/2031 0.00% 10,060,537 10,000,000 ABN AMRO Bank NV 0.00% 03/07/2028 0.00% 10,017,712 10,000,000 ABN AMRO Bank NV 0.00% 24/02/2027 0.00% 10,006,200 10,000,000 Societe Generale SA 4.41% 02/06/2026 10,000,000 10,000,000 Kookmin Bank 0.00% 05/05/2026 10,000,000 10,000,000 Economic Master Issuer plc 4.44% 25/04/2075 0.00% 10,000,000 10,000,000 Qatar National Bank QPSC 0.00% 21/11/2025 9,857,166 10,000,000 MUFG Bank Ltd. 0.00% 21/08/2026 9,590,486 10,000,000 Societe Generale SA 0.00% 22/05/2026 9,579,650 10,000,000 Qatar National Bank QPSC 0.00% 18/05/2026 9,575,077

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Aviva Investors Sterling Liquidity Plus Fund (continued) Sales Holding Investment Proceeds GBP 421,300,000 Aviva Investors Liquidity Funds plc - Sterling Liquidity Fund 421,300,000 27,892,000 Canadian Imperial Bank of Commerce 0.00% 15/12/2025 0.00% 28,077,384 22,000,000 DBS Bank Ltd 0.00% 17/11/2025 0.00% 22,155,659 17,803,271 Bavarian Sky UK 5 plc 4.59% 20/04/2031 0.00% 17,803,271 15,000,000 Commonwealth Bank of Australia 0.00% 15/04/2025 0.00% 15,000,000 15,000,000 Citibank NA 0.00% 14/08/2025 15,000,000 15,000,000 KEB Hana Bank 0.00% 13/08/2025 15,000,000 15,000,000 Satellite SASU 0.00% 18/08/2025 15,000,000 15,000,000 First Abu Dhabi Bank PJSC 0.00% 25/11/2025 14,911,024 14,000,000 Commonwealth Bank of Australia 0.00% 10/09/2025 0.00% 14,037,395 12,500,000 Silver Arrow Compartment Silver Arrow UK 0.00% 16/03/2026 0.00% 12,567,985 11,620,518 Silver Arrow Compartment Silver Arrow UK 4.77% 20/01/2031 0.00% 11,620,518 11,500,000 Canadian Imperial Bank of Commerce 0.00% 13/04/2026 0.00% 11,618,275 11,457,982 Satus plc 4.87% 17/01/2031 0.00% 11,457,982 11,000,000 Bank of Nova Scotia (The) 0.00% 26/01/2026 0.00% 11,107,679 10,900,000 Banque Federative du Credit Mutuel SA 4.88% 25/09/2025 0.00% 10,900,000 10,000,000 Nordea Bank Abp 4.52% 18/08/2025 10,165,893 10,000,000 Holmes Master Issuer plc 4.60% 15/10/2072 0.00% 10,049,446 10,000,000 Australia and New Zealand Banking Group Ltd. 0.00% 08/09/2025 0.00% 10,028,110 10,000,000 Economic Master Issuer plc 4.44% 25/04/2075 0.00% 10,004,200 10,000,000 Australia and New Zealand Banking Group Ltd. 0.00% 22/04/2025 0.00% 10,000,000 10,000,000 Societe Generale SA 0.00% 28/05/2025 10,000,000 10,000,000 Banque Federative du Credit Mutuel SA 0.00% 29/05/2025 10,000,000 10,000,000 DNB Bank ASA 0.00% 15/04/2025 10,000,000 10,000,000 UBS AG 0.00% 17/04/2025 10,000,000 10,000,000 UBS AG 0.00% 23/05/2025 10,000,000 10,000,000 Qatar National Bank QPSC 0.00% 21/07/2025 10,000,000 8,874,166 Koromo UK 1 plc 4.57% 23/10/2034 0.00% 8,874,166

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Aviva Investors Sterling Standard Liquidity Fund

Purchases Holding Investment Cost GBP 3,800,000 Aviva Investors Liquidity Funds plc - Sterling Liquidity Fund 3,800,000 2,500,000 DNB Bank ASA 4.00% 17/08/2027 0.00% 2,497,623 2,238,000 Albion Capital Corp. SA 0.00% 12/08/2025 2,230,327 2,093,000 Albion Capital Corp. SA 0.00% 12/09/2025 2,085,755 2,000,000 National Bank of Canada 0.00% 24/04/2026 0.00% 2,002,798 2,000,000 Australia & New Zealand Banking Group Ltd. 0.00% 28/08/2026 0.00% 2,000,000 2,000,000 Mizuho Bank Ltd. 4.50% 08/08/2025 2,000,000 2,000,000 Halkin Finance LLC 0.00% 19/08/2025 1,998,467 2,000,000 Halkin Finance LLC 0.00% 26/08/2025 1,998,467 2,000,000 Halkin Finance LLC 0.00% 02/09/2025 1,998,467 2,000,000 Halkin Finance LLC 0.00% 09/09/2025 1,998,467 2,000,000 Halkin Finance LLC 0.00% 16/09/2025 1,998,467 2,000,000 Halkin Finance LLC 0.00% 23/09/2025 1,998,467 2,000,000 Halkin Finance LLC 0.00% 30/09/2025 1,998,467 2,000,000 Halkin Finance LLC 0.00% 07/10/2025 1,998,467 2,000,000 Halkin Finance LLC 0.00% 12/08/2025 1,998,440 2,000,000 Halkin Finance LLC 0.00% 20/05/2025 1,998,371 2,000,000 Halkin Finance LLC 0.00% 27/05/2025 1,998,371 2,000,000 Halkin Finance LLC 0.00% 03/06/2025 1,998,371 2,000,000 Halkin Finance LLC 0.00% 10/06/2025 1,998,371 2,000,000 Halkin Finance LLC 0.00% 17/06/2025 1,998,371 2,000,000 Halkin Finance LLC 0.00% 24/06/2025 1,998,371 2,000,000 Halkin Finance LLC 0.00% 01/07/2025 1,998,371 2,000,000 Halkin Finance LLC 0.00% 08/07/2025 1,998,371 2,000,000 Halkin Finance LLC 0.00% 15/07/2025 1,998,371 2,000,000 Halkin Finance LLC 0.00% 22/07/2025 1,998,371 2,000,000 Halkin Finance LLC 0.00% 29/07/2025 1,998,371 2,000,000 Halkin Finance LLC 0.00% 05/08/2025 1,998,371 2,000,000 Halkin Finance LLC 0.00% 13/05/2025 1,998,344 2,000,000 Halkin Finance LLC 0.00% 15/04/2025 1,998,275 2,000,000 Halkin Finance LLC 0.00% 22/04/2025 1,998,275 2,000,000 Halkin Finance LLC 0.00% 29/04/2025 1,998,275 2,000,000 Halkin Finance LLC 0.00% 06/05/2025 1,998,275 2,000,000 Albion Capital Corp. SA 0.00% 26/09/2025 1,996,890 2,000,000 Albion Capital Corp. SA 0.00% 14/10/2025 1,995,984 2,000,000 Societe Generale SA 0.00% 31/07/2025 1,985,230 1,989,000 Albion Capital Corp. SA 0.00% 17/07/2025 1,981,979 2,000,000 Norinchukin Bank (The) 0.00% 20/11/2025 1,979,222 2,000,000 Mitsubishi UFJ Trust and Banking Corp. 0.00% 15/10/2025 1,979,210 2,000,000 Citibank NA 0.00% 04/03/2026 1,959,385 2,000,000 Barclays Bank plc 0.00% 06/02/2026 1,958,823

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Aviva Investors Sterling Standard Liquidity Fund (continued) Sales Holding Investment Proceeds GBP 3,100,000 Aviva Investors Liquidity Funds plc - Sterling Liquidity Fund 3,100,000 2,500,000 Toronto-Dominion Bank (The) 0.00% 22/04/2025 0.00% 2,500,000 2,238,000 Albion Capital Corp. SA 0.00% 12/08/2025 2,238,000 2,093,000 Albion Capital Corp. SA 0.00% 12/09/2025 2,093,000 2,000,000 Mizuho Bank Ltd. 4.50% 08/08/2025 2,021,517 2,000,000 Citibank NA 0.00% 04/09/2025 2,000,000 2,000,000 Societe Generale SA 0.00% 02/06/2025 2,000,000 2,000,000 BNP Paribas SA 0.00% 01/04/2025 2,000,000 2,000,000 Barclays Bank plc 0.00% 06/08/2025 2,000,000 2,000,000 Norinchukin Bank (The) 0.00% 20/05/2025 2,000,000 2,000,000 Halkin Finance LLC 0.00% 01/04/2025 2,000,000 2,000,000 Halkin Finance LLC 0.00% 08/04/2025 2,000,000 2,000,000 Halkin Finance LLC 0.00% 15/04/2025 2,000,000 2,000,000 Halkin Finance LLC 0.00% 22/04/2025 2,000,000 2,000,000 Halkin Finance LLC 0.00% 29/04/2025 2,000,000 2,000,000 Halkin Finance LLC 0.00% 06/05/2025 2,000,000 2,000,000 Halkin Finance LLC 0.00% 13/05/2025 2,000,000 2,000,000 Halkin Finance LLC 0.00% 20/05/2025 2,000,000 2,000,000 Halkin Finance LLC 0.00% 27/05/2025 2,000,000 2,000,000 Halkin Finance LLC 0.00% 03/06/2025 2,000,000 2,000,000 Halkin Finance LLC 0.00% 10/06/2025 2,000,000 2,000,000 Halkin Finance LLC 0.00% 17/06/2025 2,000,000 2,000,000 Halkin Finance LLC 0.00% 24/06/2025 2,000,000 2,000,000 Halkin Finance LLC 0.00% 01/07/2025 2,000,000 2,000,000 Halkin Finance LLC 0.00% 08/07/2025 2,000,000 2,000,000 Halkin Finance LLC 0.00% 15/07/2025 2,000,000 2,000,000 Halkin Finance LLC 0.00% 22/07/2025 2,000,000 2,000,000 Halkin Finance LLC 0.00% 29/07/2025 2,000,000 2,000,000 Halkin Finance LLC 0.00% 05/08/2025 2,000,000 2,000,000 Halkin Finance LLC 0.00% 12/08/2025 2,000,000 2,000,000 Halkin Finance LLC 0.00% 19/08/2025 2,000,000 2,000,000 Halkin Finance LLC 0.00% 26/08/2025 2,000,000 2,000,000 Halkin Finance LLC 0.00% 02/09/2025 2,000,000 2,000,000 Halkin Finance LLC 0.00% 09/09/2025 2,000,000 2,000,000 Halkin Finance LLC 0.00% 16/09/2025 2,000,000 2,000,000 Albion Capital Corp. SA 0.00% 26/09/2025 2,000,000 2,000,000 Halkin Finance LLC 0.00% 23/09/2025 2,000,000 2,000,000 Halkin Finance LLC 0.00% 30/09/2025 2,000,000 2,000,000 Societe Generale SA 0.00% 31/07/2025 1,993,348 1,989,000 Albion Capital Corp. SA 0.00% 17/07/2025 1,989,000

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Aviva Investors US Dollar Liquidity Fund

Purchases Holding Investment Cost USD 65,000,000 DNB Bank ASA 0.00% 06/06/2025 64,946,159 63,000,000 DZ Bank AG 0.00% 25/09/2025 62,992,860 63,000,000 DZ Bank AG 0.00% 26/09/2025 62,992,860 60,000,000 DZ Bank AG 0.00% 01/10/2025 59,993,200 60,000,000 DZ Bank AG 0.00% 07/05/2025 59,992,800 60,000,000 DZ Bank AG 0.00% 08/05/2025 59,992,800 60,000,000 DZ Bank AG 0.00% 21/05/2025 59,992,800 60,000,000 DZ Bank AG 0.00% 19/05/2025 59,978,400 58,000,000 DZ Bank AG 0.00% 24/09/2025 57,993,427 55,000,000 Credit Industriel 0.00% 22/05/2025 54,993,400 55,000,000 Credit Industriel 0.00% 23/05/2025 54,993,400 55,000,000 Credit Industriel 0.00% 28/05/2025 54,993,400 55,000,000 Credit Industriel 0.00% 29/05/2025 54,993,400 55,000,000 Credit Industriel 0.00% 30/05/2025 54,993,400 55,000,000 DZ Bank AG 0.00% 12/09/2025 54,993,385 55,000,000 DZ Bank AG 0.00% 22/09/2025 54,981,300 55,000,000 Credit Industriel 0.00% 27/05/2025 54,973,600 54,000,000 DZ Bank AG 0.00% 19/09/2025 53,993,880 51,682,000 Anglesea Funding plc 0.00% 09/06/2025 51,661,472 50,000,000 Anglesea Funding plc 0.00% 19/09/2025 49,994,320

Sales Holding Investment Proceeds USD 65,000,000 DNB Bank ASA 0.00% 06/06/2025 64,992,800 63,000,000 DZ Bank AG 0.00% 25/09/2025 63,000,000 63,000,000 DZ Bank AG 0.00% 26/09/2025 63,000,000 60,000,000 DZ Bank AG 0.00% 07/05/2025 60,000,000 60,000,000 DZ Bank AG 0.00% 08/05/2025 60,000,000 60,000,000 DZ Bank AG 0.00% 19/05/2025 60,000,000 60,000,000 DZ Bank AG 0.00% 21/05/2025 60,000,000 58,000,000 DZ Bank AG 0.00% 24/09/2025 58,000,000 55,000,000 Credit Industriel 0.00% 22/05/2025 55,000,000 55,000,000 Credit Industriel 0.00% 23/05/2025 55,000,000 55,000,000 Credit Industriel 0.00% 27/05/2025 55,000,000 55,000,000 Credit Industriel 0.00% 28/05/2025 55,000,000 55,000,000 Credit Industriel 0.00% 29/05/2025 55,000,000 55,000,000 Credit Industriel 0.00% 30/05/2025 55,000,000 55,000,000 DZ Bank AG 0.00% 12/09/2025 55,000,000 55,000,000 DZ Bank AG 0.00% 22/09/2025 55,000,000 54,000,000 DZ Bank AG 0.00% 19/09/2025 54,000,000 51,682,000 Anglesea Funding plc 0.00% 09/06/2025 51,682,000 50,000,000 Anglesea Funding plc 0.00% 20/06/2025 50,000,000 50,000,000 Anglesea Funding plc 0.00% 04/09/2025 50,000,000

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As defined in Article 3 of Regulation (EU) 2015/2365, securities financing transactions include repurchase transactions, securities or commoditi es lending and securities or commodities borrowing, buy-sell back transactions or sell-buy back transactions and margin lending transactions and/or total return swaps. In accordance with Article 13 of the Regulation, the Company's only involvement in and exposures related to reverse repurchase agreements as at 31 March 2024 and are detailed below.

CONCENTRATION DATA Ten largest collateral issuers The following table lists the ten largest issuers by value of non-cash collateral received by the Sub-Funds by way of title transfer collateral arrang ement across reverse repurchase agreements as at the reporting date.

Issuer Collateral Value Aviva Investors Euro Liquidity Fund EUR United Kingdom Treasury 51,485,472 Aviva Investors Sterling Government Liquidity Fund GBP United Kingdom Treasury 1,966,417,557 Aviva Investors Sterling Liquidity Fund GBP United Kingdom Treasury 1,829,347,726

Top ten counterparties The following table provides details of the top ten counterparties (based on gross value of outstanding transactions) in respect of reverse repurcha se agreements as at the reporting date.

Counterparty Outstanding Transactions Aviva Investors Euro Liquidity Fund EUR Bank of Nova Scotia (The) 51,485,472 Aviva Investors Sterling Government Liquidity Fund GBP Credit Agricole SA 306,096,835 Royal Bank of Canada 265,483,448 Bank of Nova Scotia (The) 257,551,913 Santander UK plc 211,745,106 National Australia Bank London 206,098,441 NatWest Group plc 205,788,175 Standard Chartered Bank 103,062,532 Citibank NA 102,987,284 Lloyds Bank Corporate Markets plc 102,951,622 CIBC World Markets Corp. 102,065,676 Aviva Investors Sterling Liquidity Fund GBP National Australia Bank London 618,324,695 Citibank NA 618,099,630 Santander UK plc 285,521,017 Banco Santander Central Hispano Sa 153,811,066 Royal Bank of Canada 102,128,142 NatWest Group plc 51,463,176

AGGREGATE TRANSACTION DATA Type and quality of collateral The following table provides an analysis of the type and quality of non-cash collateral received by the Sub-Funds, in respect of reverse repurchase agreements as at reporting date.

Type of collateral received Aviva Investors Euro Liquidity Fund EUR Reverse repurchase agreements Bond (UK Government) Investment grade 51,485,472 51,485,472 Aviva Investors Sterling Government Liquidity Fund GBP Reverse repurchase agreements Bond (UK Government) Investment grade 1,966,417,557 1,966,417,557

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AGGREGATE TRANSACTION DATA (continued)

Type and quality of collateral (continued)

Type of collateral received Aviva Investors Sterling Liquidity Fund GBP Reverse repurchase agreements Bond (UK Government) Investment grade 1,829,347,726 1,829,347,726

Investment grade securities are those issued by an entity with a minimum investment grade credit rating from at least one globally recognised credit rating agency, Standard & Poor’s, Moody’s or Fitch. Maturity tenor of collateral The following table provides an analysis of the maturity tenor of non-cash collateral received in relation to reverse repurchase agreements as at the reporting date.

Maturity Less than 1 day 1 to 7 days 1 to 4 weeks 1 to 3 months 3 to 12 months More than 1 year Open maturity Total Aviva Investors Euro Liquidity Fund EUR EUR EUR EUR EUR EUR EUR EUR Collateral received - 51,485,472 - - - - - 51,485,472 Aviva Investors Sterling Government Liquidity Fund GBP GBP GBP GBP GBP GBP GBP GBP Collateral received - 1,966,417,557 - - - - - 1,966,417,557 Aviva Investors Sterling Liquidity Fund GBP GBP GBP GBP GBP GBP GBP GBP Collateral received - 1,829,347,726 - - - - - 1,829,347,726

The above maturity tenor analysis has been based on the contractual maturity date of the reverse repurchase agreements and, in case of non-cash collateral, the contractual maturity date of the security received as collateral. All collateral received by the Sub-Funds under the reverse repurc hase agreement is transferred under a title transfer arrangement. The collateral is held in custody by a sub-custodian of the Depositary for the duration o f the transaction.

COUNTRIES IN WHICH COUNTERPARTIES ARE ESTABLISHED The following table provides details of the country of incorporation of counterparties across reverse repurchase agreements as at the reporting dat e. Counterparty Country of Incorporation Banco Santander Central Hispano Sa United Kingdom Bank of Nova Scotia (The) United Kingdom CIBC World Markets Corp. United Kingdom Citibank NA United Kingdom Credit Agricole SA France Lloyds Bank Corporate Markets plc United Kingdom MUFG Securities EMEA plc Japan National Australia Bank London United Kingdom NatWest Group plc United Kingdom Royal Bank of Canada Canada Societe Generale France Standard Chartered Bank United Kingdom Santander UK plc United Kingdom

Currency of collateral All collateral received in respect of reverse repurchase agreement is in the respective base currency of the relevant Sub-Funds.

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COUNTRIES IN WHICH COUNTERPARTIES ARE ESTABLISHED (continued)

Maturity tenor of reverse repurchase agreements The following table provides an analysis of the maturity tenor of reverse repurchase agreements and associated collateral received, as at the report ing date.

Maturity Less than 1 day 1 to 7 days 1 to 4 weeks 1 to 3 months 3 to 12 months More than 1 year Open maturity Total Aviva Investors Euro Liquidity Fund EUR EUR EUR EUR EUR EUR EUR EUR Reverse repurchase agreements - 50,000,000 - - - - - 50,000,000 Aviva Investors Sterling Government Liquidity Fund GBP GBP GBP GBP GBP GBP GBP GBP Reverse repurchase agreements - 1,915,500,000 - - - - - 1,915,500,000 Aviva Investors Sterling Liquidity Fund GBP GBP GBP GBP GBP GBP GBP GBP Reverse repurchase agreements - 1,777,100,000 - - - - - 1,777,100,000

SAFEKEEPING OF COLLATERAL Collateral received All collateral received by the Sub-Funds in respect of reverse repurchase agreements as at the reporting date is held by J.P.Morgan SE - Dublin Branch. Reuse of collateral Collateral received in relation to reverse repurchase agreements cannot be sold, re-invested or pledged.

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Aviva Investors Luxembourg S.A. PO Box 1375 L-1013 Luxembourg Tel + (352) 40 28 20 1 www.avivainvestors.com Registered address: 2 rue du Fort Bourbon, L-1249 Luxembourg, Grand Duchy of Luxembourg. R.C.S. Luxembourg B 25.708

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        "text": "20-26 Sir John Rogerson\u2019s Quay"
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        "text": "Dublin 2 D02 YO49"
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        "text": "Ireland"
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        "text": "Dublin 2, D02 YA40"
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          "x": 653,
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        "text": "Ireland"
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        },
        "id": "6068867b-a044-4aaa-9b73-5e4db572b6e8",
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        "text": "* Independent Director"
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        "page_number": 3,
        "text": "Aviva Investors Luxembourg S.A."
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          "x": 73,
          "y": 18
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        "id": "e99af4ab-f962-4128-a794-a29755e249fa",
        "page_number": 3,
        "text": "Aviva Investors Liquidity Funds plc"
      },
      {
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          "width": 312,
          "x": 75,
          "y": 92
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        "id": "721e7940-08cd-4dd6-ab58-7bca0b8c07f2",
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        "text": "MANAGEMENT AND ADMINISTRATION"
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      {
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          "x": 73,
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        "id": "19e97077-2648-456a-960a-7ff26f5b56d4",
        "page_number": 3,
        "text": "30 September 2025"
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        "page_number": 3,
        "text": "avivainvestors.com"
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        "page_number": 3,
        "text": "|"
      },
      {
        "block_type": "box",
        "box": {
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          "x": 173,
          "y": 976
        },
        "id": "736d2de8-e0f8-4a75-87de-2afb56dfc8e4",
        "page_number": 3,
        "text": "Semi-annual report and unaudited financial statements"
      },
      {
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          "width": 5,
          "x": 923,
          "y": 976
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        "id": "467cc711-f878-4d58-8b36-33befdb559d2",
        "page_number": 3,
        "text": "3"
      },
      {
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        "box": {
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          "x": 343,
          "y": 169
        },
        "id": "5cd4d63e-6716-42b5-b63a-54992cc71d69",
        "page_number": 4,
        "text": "End of Period Performance (bps) End of Period"
      },
      {
        "block_type": "box",
        "box": {
          "height": 7,
          "width": 786,
          "x": 79,
          "y": 190
        },
        "id": "44424c55-a575-48eb-a173-15db7d900fe0",
        "page_number": 4,
        "text": "Fund Name Fund Benchmark 1 day gross yield (%) Benchmark rate (%) AUM (Bn)"
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 764,
          "x": 79,
          "y": 210
        },
        "id": "8ad8f017-04f0-4a54-b860-c82295c8abdc",
        "page_number": 4,
        "text": "Sterling Government Liquidity Fund 215 208 4.10 3.97 \u00a33.49"
      },
      {
        "block_type": "box",
        "box": {
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          "width": 770,
          "x": 79,
          "y": 230
        },
        "id": "20862b56-1c82-4a4d-acc3-1c7e79073414",
        "page_number": 4,
        "text": "Sterling Liquidity Fund 218 208 4.19 3.97 \u00a320.86"
      },
      {
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          "width": 764,
          "x": 79,
          "y": 250
        },
        "id": "00c5f892-0f59-42c6-a444-e5db9c88de48",
        "page_number": 4,
        "text": "Standard Sterling Liquidity Fund 225 208 4.24 3.97 \u00a30.14"
      },
      {
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          "width": 764,
          "x": 79,
          "y": 270
        },
        "id": "378a8a0f-5fe6-4c88-853c-c22667fbaed6",
        "page_number": 4,
        "text": "Sterling Liquidity Plus Fund 247 208 4.39 3.97 \u00a31.76"
      },
      {
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        "box": {
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          "width": 763,
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          "y": 290
        },
        "id": "003d4db8-f175-4b7e-87a2-e71fe58a0874",
        "page_number": 4,
        "text": "US Dollar Liquidity Fund 222 214 4.29 4.24 $1.33"
      },
      {
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          "width": 638,
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          "y": 311
        },
        "id": "111c55cb-b009-41c4-904b-9c43d15a14e9",
        "page_number": 4,
        "text": "Euro Liquidity Fund 111 102 2.07 1.92"
      },
      {
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          "x": 818,
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        },
        "id": "9e01f739-5255-48de-9ab6-2e8955364706",
        "page_number": 4,
        "text": "\u20ac"
      },
      {
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        "box": {
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          "width": 18,
          "x": 825,
          "y": 311
        },
        "id": "92118ded-9344-4761-8e87-37316945f6a1",
        "page_number": 4,
        "text": "3.82"
      },
      {
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          "width": 383,
          "x": 73,
          "y": 336
        },
        "id": "1ee59410-6254-4e1e-b937-c03d9884727b",
        "page_number": 4,
        "text": "Source: Aviva Investors \u0026 global-rates.com as at 30 September 2025"
      },
      {
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          "x": 74,
          "y": 352
        },
        "id": "93af2403-3d4c-4b96-a01c-14b19539bd09",
        "page_number": 4,
        "text": "Benchmark rates: Sterling Overnight Index Average (SONIA); Euro Short Term Rate (ESTR); Secured Overnight Financing Rate (SOFR)"
      },
      {
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        "box": {
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          "x": 223,
          "y": 371
        },
        "id": "12cadac5-cbe9-43eb-8b82-35c3a8627c91",
        "page_number": 4,
        "text": "Weighted Average Maturity (days) Weighted Average Life (days) Assets Under Management (Bn)"
      },
      {
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        "box": {
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          "width": 785,
          "x": 79,
          "y": 391
        },
        "id": "7a335553-9c43-4071-91d7-b4fbffc46628",
        "page_number": 4,
        "text": "Fund Name Latest Previous Latest Previous Latest Previous"
      },
      {
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          "x": 79,
          "y": 411
        },
        "id": "f916a832-0ec3-4e33-8cf5-3348cabe7708",
        "page_number": 4,
        "text": "Sterling Government"
      },
      {
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          "width": 65,
          "x": 80,
          "y": 421
        },
        "id": "6d2df016-b616-4f9b-8fa0-90aec3a9d40c",
        "page_number": 4,
        "text": "Liquidity Fund"
      },
      {
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          "x": 223,
          "y": 412
        },
        "id": "45990b34-db42-499a-bae8-d033dfe772a8",
        "page_number": 4,
        "text": "43 21 43 21 \u00a33.49 \u00a35.64"
      },
      {
        "block_type": "box",
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          "width": 770,
          "x": 79,
          "y": 442
        },
        "id": "b6957d53-1770-48ea-870b-b201c7bfd2a0",
        "page_number": 4,
        "text": "Sterling Liquidity Fund 52 54 81 78 \u00a320.86 \u00a320.22"
      },
      {
        "block_type": "box",
        "box": {
          "height": 8,
          "width": 125,
          "x": 79,
          "y": 462
        },
        "id": "aba202a8-5683-4445-b80d-e67971c69fa8",
        "page_number": 4,
        "text": "Standard Sterling Liquidity"
      },
      {
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          "width": 22,
          "x": 80,
          "y": 472
        },
        "id": "bb2a01c4-4baa-475c-b496-6d687f0e6261",
        "page_number": 4,
        "text": "Fund"
      },
      {
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          "x": 223,
          "y": 462
        },
        "id": "7174e20b-9d83-4420-9f51-a9ccd7583592",
        "page_number": 4,
        "text": "56 58 110 106 \u00a30.14 \u00a30.15"
      },
      {
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          "width": 764,
          "x": 79,
          "y": 492
        },
        "id": "22afe2a1-c63f-42a2-b313-a9dd5c53a152",
        "page_number": 4,
        "text": "Sterling Liquidity Plus Fund 37 33 500 506 \u00a31.76 \u00a31.66"
      },
      {
        "block_type": "box",
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          "height": 8,
          "width": 763,
          "x": 80,
          "y": 512
        },
        "id": "c0244939-0fce-44ad-8eaf-5e4e1ccad2b8",
        "page_number": 4,
        "text": "US Dollar Liquidity Fund 10 21 18 47 $1.33 $1.01"
      },
      {
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          "width": 511,
          "x": 80,
          "y": 532
        },
        "id": "e578b5ce-3ba0-4d81-9759-2e77ee3e33db",
        "page_number": 4,
        "text": "Euro Liquidity Fund 35 38 60 67"
      },
      {
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        "box": {
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          "width": 6,
          "x": 699,
          "y": 533
        },
        "id": "1ec4fc86-f63c-433b-a434-db1cad5bf0ce",
        "page_number": 4,
        "text": "\u20ac"
      },
      {
        "block_type": "box",
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          "width": 18,
          "x": 706,
          "y": 533
        },
        "id": "baeff3cc-2f5d-4982-bee2-e9fbadafb023",
        "page_number": 4,
        "text": "3.82"
      },
      {
        "block_type": "box",
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          "width": 6,
          "x": 818,
          "y": 533
        },
        "id": "94b5d1fd-0f25-4d71-8d5e-5d9b1b370daa",
        "page_number": 4,
        "text": "\u20ac"
      },
      {
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          "width": 18,
          "x": 825,
          "y": 533
        },
        "id": "a28bca88-ebee-44c3-b8a2-0b812c746290",
        "page_number": 4,
        "text": "2.96"
      },
      {
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          "width": 276,
          "x": 73,
          "y": 558
        },
        "id": "5742f70a-a89d-49a5-9888-eb8b7022f832",
        "page_number": 4,
        "text": "Source: Aviva Investors, as at 30 September 2025"
      },
      {
        "block_type": "box",
        "box": {
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          "x": 74,
          "y": 574
        },
        "id": "424e8268-8f2e-405d-8a59-0e5163db5d64",
        "page_number": 4,
        "text": "Latest represents 30 September 2025. Previous represents 31 March 2025."
      },
      {
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          "x": 435,
          "y": 593
        },
        "id": "8519662b-504f-40f2-97f3-a69b762e74a9",
        "page_number": 4,
        "text": "1-day gross yield (%)"
      },
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        "box": {
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          "x": 79,
          "y": 613
        },
        "id": "0340f420-9ea9-4bd3-bfd2-4650ec75b95a",
        "page_number": 4,
        "text": "Fund Name Latest Previous"
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          "x": 79,
          "y": 633
        },
        "id": "248c3e32-2acd-40d4-ae47-5fa945771b70",
        "page_number": 4,
        "text": "Sterling Government Liquidity Fund 4.10 4.52"
      },
      {
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          "x": 79,
          "y": 653
        },
        "id": "28b83c7d-f05e-4ae1-85a5-2a6ec3cb99e4",
        "page_number": 4,
        "text": "Sterling Liquidity Fund 4.19 4.67"
      },
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          "width": 626,
          "x": 79,
          "y": 673
        },
        "id": "dfbf59b1-f849-427b-9e04-1114d6349067",
        "page_number": 4,
        "text": "Standard Sterling Liquidity Fund 4.24 4.69"
      },
      {
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          "width": 626,
          "x": 79,
          "y": 694
        },
        "id": "f7d0a85e-8881-4c6e-a569-c29b73bbe0f7",
        "page_number": 4,
        "text": "Sterling Liquidity Plus Fund 4.39 4.85"
      },
      {
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          "width": 625,
          "x": 80,
          "y": 714
        },
        "id": "2585193a-729f-4492-9a86-a679d809632f",
        "page_number": 4,
        "text": "US Dollar Liquidity Fund 4.29 4.51"
      },
      {
        "block_type": "box",
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          "width": 625,
          "x": 80,
          "y": 734
        },
        "id": "016ae49f-f116-4dbf-8ebf-701968353703",
        "page_number": 4,
        "text": "Euro Liquidity Fund 2.07 2.61"
      },
      {
        "block_type": "box",
        "box": {
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          "width": 276,
          "x": 73,
          "y": 759
        },
        "id": "a6453c41-58c9-4191-aed7-ca77985a7f00",
        "page_number": 4,
        "text": "Source: Aviva Investors, as at 30 September 2025"
      },
      {
        "block_type": "box",
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          "width": 416,
          "x": 74,
          "y": 775
        },
        "id": "79bd5dcf-72fb-4fd7-8a6b-148511d8a74c",
        "page_number": 4,
        "text": "Latest represents 30 September 2025. Previous represents 31 March 2025."
      },
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          "x": 262,
          "y": 794
        },
        "id": "7fdfda7e-86d3-456c-a360-77a4fc42c5c9",
        "page_number": 4,
        "text": "1-day gross yield (%)"
      },
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          "x": 79,
          "y": 814
        },
        "id": "05c0e9dd-7b42-4f8e-9e01-8b02c81af8ae",
        "page_number": 4,
        "text": "Fund Name Fund MM Peer Group average Peer Group Rank (Quartile) No. of funds in peer group"
      },
      {
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          "width": 720,
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          "y": 835
        },
        "id": "cd58d297-7171-4153-aa2f-cb7c800f4f4b",
        "page_number": 4,
        "text": "Sterling Government Liquidity Fund 4.10 4.10 4th 5"
      },
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          "width": 726,
          "x": 79,
          "y": 855
        },
        "id": "3be7789f-7ce6-45cd-a292-7eab86fdce6b",
        "page_number": 4,
        "text": "Sterling Liquidity Fund 4.19 4.17 2nd 21"
      },
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          "width": 725,
          "x": 80,
          "y": 875
        },
        "id": "d2843f45-4f4c-4dec-a776-146ad83d6841",
        "page_number": 4,
        "text": "US Dollar Liquidity Fund 4.29 4.31 4th 23"
      },
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          "width": 725,
          "x": 80,
          "y": 895
        },
        "id": "f36365c4-508f-4dca-ad2d-dc134525cdc9",
        "page_number": 4,
        "text": "Euro Liquidity Fund 2.07 2.08 3rd 18"
      },
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        "box": {
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          "width": 167,
          "x": 73,
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        "text": "30 September 2025"
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        "text": "Semi-annual report and unaudited financial statements"
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        "text": "Source: Aviva Investors, imoney net as of 30th September 2025"
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        "text": "*Sterling Government Liquidity peer group includes LVNAVs and CNAVs."
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        "text": "*The Peer group includes LVNAVs only."
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        "text": "GBP Fund Manager\u2019s Comments"
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        "text": "Sterling money market yields eased lower in the second quarter 2025, reflecting both a 25-basis point base rate cut to 4.25% at the May monetary policy"
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        "text": "committee (MPC) meeting and expectations of perhaps two further reductions by the end of the year. Overall, the MPC continued its slow and steady"
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        "text": "approach, being mindful of the inflationary pressures that remained present in the economy, as evidenced by the April CPI reading of 3.5%. The"
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        "text": "potential for President Trump\u2019s tariffs to ramp up inflation was seen as a clear threat, although worries eased somewhat as the UK and US signed a trade"
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        "text": "deal in June. Overall, despite fears that the controversial October budget would stall the economy, UK growth in the first quarter was reported to be th"
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        "text": "e"
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        ...