The table below shows the investment performance of the individual funds available to members in the 12 months to 30 September 2020. The performance data is provided by Aviva, who has advised that in most cases, the performance data is net of fees. However, in the cases of the Emerging Markets Equity Fund, the Stewardship Fund and the Shariah Fund, the performance data is gross of fees. It also shows the Annual Management Charge (AMC) and the benchmark, which is the reference point against which the Trustee measures investment performance.
Depending on when you joined the Scheme and how your contributions are invested, the performance of your funds may differ. You can see how your investments are performing by visiting your personal record with Aviva.
Target Lifestyle funds (such as Target Lump Sum) are made up of a combination of the funds, so the charges will differ depending on your age and where your money is invested.
Full details of all investment charges and costs, as well as guidance and fund factsheets, are available on the Aviva website.
A 1bp (0.01%) reduction was applied to the AMCs in October 2020. Further details of the current AMCs can be found in the document library.
| % Performance of the benchmark index – 30 June 2020 | % Performance of the fund – 30 June 2020 | Annual Management Charge | |
| Growth funds | |||
| Emerging Markets Equity Fund | 5.72% | 5.29% | 0.47% |
| Global Equity Fund | 4.91% | 4.49% | 0.25% |
| Stewardship Fund | -16.59% | -10.29% | 0.30% |
| Diversified Growth Fund | 5.40% | -0.88% | 0.38% |
| Shariah Fund | 24.25% | 23.36% | 0.52% |
| Approaching retirement funds | |||
| Target Increasing Annuity | 1.60% | 1.36% | 0.22% |
| Target Level Annuity | 4.36% | 5.88% | 0.30% |
| Money Market | 0.22% | 0.21% | 0.22% |
