Morningstar Fund Report  | 11/04/2025Print

Aviva Investors Strategic Bond Fund 2 GBP Inc

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Aviva Investors Strategic Bond Fund 2 GBP Inc
Fund1.3-11.77.54.61.8
+/-Cat1.3-2.90.40.00.2
+/-B’mrk3.21.71.71.80.6
 
Category: Global Flexible Bond - GBP Hedged
Category Benchmark: Morningstar Gbl Core Bd GR ...
Key Stats
NAV
10/04/2025		 GBX 99.64
Day Change 0.64%
Morningstar Category™ Global Flexible Bond - GBP Hedged
IA (formerly IMA) Sector £ Strategic Bond
ISIN GB00B3CGHN82
Fund Size (Mil)
09/04/2025		 GBP 197.18
Share Class Size (Mil)
09/04/2025		 GBP 10.64
Max Initial Charge -
Ongoing Charge
24/03/2025		  0.63%
Investment Objective: Aviva Investors Strategic Bond Fund 2 GBP Inc
The Fund will aim to grow investors investment through a combination of income and capital returns by investing in bonds issued by companies, governments or supranational organisations, whilst aiming to provide a net return greater than the benchmark over the long term (5 years or more). At least 80% of the Fund will be invested in bonds, issued in Sterling or hedged to Sterling, and no more than 60% of the Fund will be invested in bonds which have been independently rated as sub-investment grade with a credit rating below BBB-/Baa3.
Returns
Trailing Returns (GBP)10/04/2025
YTD1.04
3 Years Annualised1.83
5 Years Annualised2.15
10 Years Annualised2.05
12 Month Yield 4.06
Dividend Paying Frequency Quarterly
Management
Manager Name
Start Date
Chris Higham
22/09/2008
James Vokins
29/06/2016
Inception Date
22/09/2008

Category Benchmark
Fund BenchmarkMorningstar Benchmark
33.3% Bloomberg Gbl Agg Corp TR Hdg GBP ,  33.4% Bloomberg Gbl HY exCMBS&EMG 2% C TR HGBP ,  33.3% Bloomberg Treasury G7 Hgd TR GBPMorningstar Gbl Core Bd GR Hdg GBP
Portfolio Profile for  Aviva Investors Strategic Bond Fund 2 GBP Inc28/02/2025
Fixed Income
Effective Maturity10.92
Effective Duration5.20
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock0.000.000.00
Bond102.956.9496.02
Property0.000.000.00
Cash2.690.002.69
Other1.290.001.29
Growth Of 1000 (GBP) 31/03/2025
Fund:  Aviva Investors Strategic Bond Fund 2 GBP Inc
Category:  Global Flexible Bond - GBP Hedged
Category Index:  Morningstar Gbl Core Bd GR Hdg GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-4.078.577.311.35-11.737.484.591.83
+/- Category-1.220.452.081.33-2.870.39-0.020.16
+/- Category Index-4.282.252.123.171.721.711.790.62
% Rank in Category7952262565505934
Trailing Returns (GBP)10/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.64   1.150.77
1 Week-1.03   0.48-0.67
1 Month-0.64   0.68-1.05
3 Months1.75   1.220.16
6 Months1.16   1.110.28
YTD1.04   0.77-0.01
1 Year5.32   1.260.86
3 Years Annualised1.83   0.021.17
5 Years Annualised2.15   -0.152.87
10 Years Annualised2.05   0.221.12
 
Category: Global Flexible Bond - GBP Hedged
Category Index: Morningstar Gbl Core Bd GR Hdg GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20251.83---
20240.530.803.71-0.48
20232.08-0.33-0.155.80
2022-4.14-7.46-3.853.48
2021-0.841.750.210.24
2020-4.106.351.933.22
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageAverage3 star
5-YearAverageAverage3 star
10-YearAverageAverage3 star
OverallAverageAverage3 star
 
Category :  Global Flexible Bond - GBP HedgedClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev6.34 %
3-Yr Mean Return1.97 %
 
3-Yr Sharpe Ratio-0.33
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar Gbl Core Bd GR Hdg GBP  Morningstar Gbl Corp Bd GR Hdg GBP
3-Yr Beta0.950.74
3-Yr Alpha1.420.03
 
Fixed Income Style28/02/2025
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)GBP 189
Maturity Distribution %
1 to 35.23
3 to 524.17
5 to 79.89
7 to 1029.33
10 to 155.90
15 to 208.20
20 to 3012.56
Over 301.82
Effective Maturity10.92
Effective Duration5.20
Credit Quality Breakdown %     %
AAA4.29   BB13.97
AA34.38   B4.65
A3.91   Below B1.66
BBB35.25   Not Rated1.89
 
Category: Global Flexible Bond - GBP Hedged
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock0.000.000.00
Bond102.956.9496.02
Property0.000.000.00
Cash2.690.002.69
Other1.290.001.29
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings0
Total Number of Bond Holdings95
Assets in Top 10 Holdings42.67
NameSectorCountry% of Assets
United States Treasury Notes 1.75%United States7.41
United States Treasury Notes 4.375%United States6.80
United States Treasury Notes 4.125%United States5.24
United States Treasury Notes 3.5%United States5.16
United States Treasury Bonds 3%United States4.49
Germany (Federal Republic Of) 2.6%Germany3.13
United States Treasury Bonds 2%United States3.08
Greene King Finance PlcUnited Kingdom2.93
Legal & General Group PLCUnited Kingdom2.39
United Kingdom of Great Britain and N... United Kingdom2.05
 
Increase Decrease New since last portfolio
Category: Global Flexible Bond - GBP Hedged
 
Management
Name of CompanyAviva Investors UK Fund Services Limited
Phone+44 8000512003
Websitewww.avivainvestors.co.uk
Address80 Fenchurch Street
 London   EC3M 4AE
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date22/09/2008
Fund Advisor(s)
Aviva Investors Global Services Limited
Fund ManagerChris Higham
Manager Start Date22/09/2008
Career Start Year1999
Education
Durham University, B.A.
 
Biography
Chris oversees a range of bond funds which invest across fixed-income assets, including investment-grade corporates, high-yield corporates, government, and emerging markets bonds. Chris works as lead manager on our Global Investment Grade, Sterling Corporate Bond, Higher income Plus, Managed High Income and the Strategic Bond Fund. He has also managed the Strategic Bond Fund from its launch in 2008. Prior to joining Aviva Investors, Chris worked as a portfolio manager for Old Mutual Asset Managers. He joined the industry as a credit analyst. Chris graduated from Durham University with a BA (Hons) in economics. He is an associate member of the UK Society of Investment Professionals and is a CFA® charterholder.
Fund ManagerJames Vokins
Manager Start Date29/06/2016
Career Start Year2004
Education
University of Bath, B.B.A.
 
Biography
James leads Aviva Investors’ Investment Grade Credit team and Core Income Group. The IG team includes the UK, North American, Global strategies with portfolio managers based in London and Toronto. The Core income Group also includes the Global Rates team. Prior to becoming Head of the Investment Grade team in 2021, James was head of the UK Investment Grade Credit team. He is responsible for the portfolio management of the Aviva Investors Global Investment Grade Bond fund, the Sterling Corporate Bond Fund and the Strategic Bond fund. Prior to joining Aviva Investors, James worked for JP Morgan’s Debt Capital Markets team. He holds a degree in Business Administration from the University of Bath and the Investment Management Certificate. He is also a CFA® charterholder.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.63%
Ongoing Charge0.63%
Purchase Details
Minimum Investments
Initial100000  GBP
Additional25000  GBP
Savings-
Tax Free Savings Schemes
ISAsYes