Options Term Assurance, Options Critical Illness and Options Investment Plan

Funds and their Sustainability Factors

Unit linked funds available to the transferred policies are offered, but many of our funds have underlying holdings in other funds which are managed by a different company. We also offer some products which invest directly into the funds of other fund managers.  We refer to both of these types of holdings as “External fund holdings”.  These holdings may be managed by a different company in the Aviva Group (for example Aviva Investors UK Fund Services Limited) or by another fund management company.

In the table of funds below, we have provided the name of the Aviva unit linked fund, plus the details of the underlying external fund holdings (where appropriate).  This is to enable you to view the periodic disclosure provided by those external fund managers.

The due diligence that we undertake is explained in Our Sustainability Policy and Statement on Due Diligence Policies.  Where you invest directly in an external fund offered by a third-party investment manager you should refer to that fund managers website for information relating to their approach to sustainability information in relation to those funds. 

Under SFDR, funds are categorised into specific types for assessing the environmental, social and governance (ESG) impacts of the investment process for each of them.

Funds and their SFDR criteria

The funds you’re able to invest in depend on the type of product you hold with Aviva and the country where it was originally sold in.  Not all the funds available to you have sustainable characteristics. We’ve listed the funds available according to product type in the tables.

We have included the relevant International Stock Identification Number (ISIN) in the table together with the current web link of where you can find information relating to the funds available including information relating to sustainability. ISIN is a unique reference used to identify funds and other assets. 

Where a fund has underlying holdings in other funds which are managed by a different company, we have also provided the ISIN and fund name for each of the underlying fund(s) into which it invests.  The website links provided are for the place where the Fund Managers host their Periodic Disclosures.

Please note we are not responsible for the information provided by the fund manager nor for the web address where it is located, which could be changed at any time.  However, we will try to ensure the correct web address is listed here, though there may be a delay between when a fund manager changes it and us making changes to this webpage. 

Article 6

Funds that don’t integrate any binding sustainability characteristics into the investment process and so can include stocks that might be currently excluded by ESG focused funds such as tobacco companies. These are often referred to as SFDR neutral funds. 

We have also categorised some funds as article 6 where those funds are not subject to SFDR regulation even though they may have sustainable characteristics, for example, where the fund is UK based.  For information on whether a fund has any sustainable characteristics, please refer to the fund factsheets (where available) or contact customer services for more information.

Article 8

Funds that promote environmental or social characteristics and can integrate sustainability into the investment process in a binding manner.

Article 9

Funds that specifically have sustainable investments as their objective (for example investing in companies that aim to reduce carbon emissions)

Funds Table

*This fund is a UK domiciled fund that does not have any Sustainable Environmental, Social and Governance Characteristics, and is not covered by the SFDR regulation.  It has only been classified as Article 6,  as this is the most appropriate EU SFDR classification, for a UK fund with no sustainability objectives.

**This fund is a UK domiciled fund and has Sustainable Environmental, Social and Governance Characteristics, however, it is not covered by the SFDR regulation.  It has only been classified as Article 6, as Aviva are unable to provide the relevant disclosures to support its sustainability objectives.