Aviva Concept K
Alternative Strategy
Concept K (the "underlying fund"), is a sub fund of DWS Concept, which is an investment company with variable capital incorporated under Luxembourg law (SICAV). The underlying fund follows a strategy with a high degree of flexibility and allows the manager to invest across multiple asset classes based on their assessment of macroeconomic factors. It is a total return product and unconstrained, i.e. it does not follow a benchmark. It invests globally across asset classes and geographies and can use derivatives to implement investment ideas. ESG considerations are built into the fund and the fund is compliant with Article 8 of SFDR.
The strategy seeks to maximize risk-adjusted returns over a market cycle within a 4-8% p.a. expected volatility range. The team strive not to exceed a realized 10% p.a. volatility limit. They will also aim to cap the max drawdown within a calendar year to 10%.
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160.34
EUR
+22.83 (+16.60%) past 3 year
as of 19 May 2026Euro Govt Bonds
22.6%
Industrials & Materials
13.9%
Alternatives
11.0%
Information Technology
10.5%
Financials
9.2%
Healthcare
9.2%
Other
8.8%
Consumer Discretionary
6.3%
Utilities
5.0%
Telecommunications
3.5%
Apple
Alphabet
American Tower
National Grid
Novo Nordisk
Pfizer
Schneider Electric
Eli Lilly
Intuitive Surgical
Amazon
US Equity
40.50%
Other
27.00%
Long Dated Bonds
11.40%
Alternatives
11.00%
Short Dated Bonds
10.10%
North America
46.50%
Alternatives
11.00%
Other
10.40%
UK
9.70%
Germany
7.00%
Italy
4.10%
France
3.10%
Spain
2.80%
Fund insights
Detailed information extracted from the fund factsheet.
Underlying fund: Concept K
Managed by DWS Group GmbH & Co. KGaA
It invests globally across asset classes and geographies and can use derivatives to implement investment ideas.
ESG & sustainability
ESG considerations are built into the fund and the fund is compliant with Article 8 of SFDR.
Frequently asked questions
Common questions about Aviva Concept K.
Concept K is a multi-asset, global absolute return fund that can invest across equities, bonds, alternatives and cash. It does not follow a benchmark, so the manager has flexibility to shift exposures according to macroeconomic views. The fund also uses derivatives at times to help implement its investment ideas.
Concept K seeks to maximize risk-adjusted returns while targeting an expected volatility range of 4-8% per year. The team also aims not to exceed 10% realized volatility and to cap the maximum drawdown within a calendar year at 10%. In plain language, volatility is how much the fund’s value may move up and down, while drawdown is the size of a fall from a previous peak.
Concept K is unconstrained and does not track a benchmark, which gives the manager more freedom to move between asset classes and regions. That flexibility is intended to help the fund respond to changing macroeconomic conditions rather than stay close to an index. This approach can create a return profile that looks quite different from traditional equity or bond funds.
Yes, Concept K builds ESG considerations into the investment process and is classified under Article 8 of SFDR. This means the fund promotes environmental and/or social characteristics alongside its financial objectives. Investors should still review the underlying holdings and approach to understand how those ESG considerations are applied in practice.
Concept K carries several risks, including market fluctuations, currency risk, counterparty risk, derivative risk, liquidity risk, inflation risk and pricing basis risk. Currency risk means foreign exchange movements can affect returns when the fund invests outside the investor’s home currency. Because capital and income are not guaranteed, the fund can lose money as well as gain it.
Aviva Concept K
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