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Aviva Multi-Asset ESG Active 3

Specialist

Specialist Funds

This actively managed fund is designed for people looking for medium to long-term capital growth but with relatively low exposure to market volatility, through a more defensive asset allocation. The fund gives exposure to many different asset classes including but not limited to cash, bonds, equities, property and alternatives. The fund may use derivatives (and leverage) with the aim of helping achieve its objective. The underlying strategies are both passive and active in nature. Some are managed internally by Aviva Investors, whilst others are managed externally. ESG considerations are built into the fund and the fund is compliant with Article 8 of SFDR

The fund's primary aim is to maximise returns within a specified volatility target of between 2% and 5% per annum over a rolling five-year period.

StatusOpen for Investment
Fund size€121M
SFDRArticle 8
ManagerDean Cook, Sotirios Nakos

Risk rating

1

2

3

4

5

6

7

What Aviva says about Risk 3 fundsLow to MediumFunds typically investing in assets like corporate bonds or a mix of assets where day-to-day changes in value have historically been less than for shares. Still a risk that value could fall.
1394.60

EUR

+201.61 (+16.90%) past 3 year

as of 19 May 2026
Asset Split

Corporates

24.7%

Sovereign

24.5%

Cash

19.6%

Other

7.0%

Info Tech

6.9%

Financials

6.4%

Industrials

3.6%

Consumer Disc

2.9%

Healthcare

2.3%

Communication

2.2%

Top Holdings
#1

TREASURY (CPI) NOTE

#2

LANDESBANK BADEN-WUERTTEMBERG EURO

#3

QATAR NATIONAL BANK QPSC EURO

#4
MICROSOFT CORP

MICROSOFT

#5

TWENTYFOUR INCOME FUND LTD EB

#6
NVIDIA Corp

NVIDIA

#7

LANDESBANK BADEN-WUERTTEMBERG EURO

#8

ISHARES NASDAQ UCITS ETF USD (ACC ETF-E

#9
Apple Inc

Apple

#10

SMBC BANK INTERNATIONAL PLC EURO

Asset Breakdown

Other

33.49%

Cash & Currency

20.04%

US Equities

16.48%

Global Corporate Bonds

15.72%

Non-Euro Government

14.27%

Geographic Allocation

Cash

20.04%

US

North American Equity

16.48%

Global Corporate Bonds

15.72%

Non-Euro Sov Bonds

14.27%

Euro Corporate Bonds

10.98%

Other

6.92%

Euro Sov Bonds

6.66%

Euro Equities

3.16%

Fund insights

Detailed information extracted from the fund factsheet.

Managed by Aviva Investors

Derivatives

The fund may use derivatives (and leverage) with the aim of helping achieve its objective.

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 Multi-Asset ESG Active 3.

Aviva Multi-Asset ESG Active 3 Series C is a diversified multi-asset fund that can invest across cash, bonds, equities, property and alternatives. Its top holdings show a mix of government and corporate bonds, along with large-company equity exposure such as NVIDIA, Apple and Microsoft. The fund also uses both internal and external underlying strategies.

Yes. Aviva Multi-Asset ESG Active 3 Series C is designed for investors seeking medium to long-term capital growth with relatively low exposure to market volatility, using a more defensive asset allocation. Its objective is to maximise returns within a volatility target of 2% to 5% per year over a rolling five-year period. Volatility is a measure of how much the fund’s value may move up or down.

Aviva Multi-Asset ESG Active 3 Series C builds ESG considerations into the investment process and is classified as an Article 8 fund under SFDR. That means it promotes environmental and/or social characteristics while investing. The fund name and factsheet indicate that ESG is a core part of how the portfolio is constructed, rather than an added extra.

Aviva Multi-Asset ESG Active 3 Series C carries risks including market fluctuations, currency risk, counterparty risk, derivative risk, liquidity risk and inflation risk. Currency risk means overseas investments can rise or fall in value when exchange rates move. Because the fund can use derivatives and leverage, losses could also be amplified in certain market conditions.

Aviva Multi-Asset ESG Active 3 Series C is managed by Dean Cook and Sotirios Nakos, with Aviva Investors named as the underlying investment manager. The fund uses both passive and active underlying strategies, with some managed internally by Aviva Investors and others managed externally. This blended approach is part of how the fund aims to meet its volatility and return objectives.

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Aviva Multi-Asset ESG Active 3

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