The range includes a selection of 28 available funds, including 26 funds that take environmental, social and governance (ESG) factors into account. Members can invest in line with their values and we know from our research that investing responsibly is increasingly important to many. The Aegon Master Trust fund range gives members access to every major asset class, providing diversification and choice on a global basis.  

Making investments manageable

This focused range keeps things simple for your members and aims to make their choices more manageable. It includes single asset funds that invest in one investment type, for example UK equities, as well as multi-asset funds. Multi-asset funds invest in a ready-made portfolio of investments, investing in companies in the UK and overseas. This can make it easier for members to hold a diversified portfolio.  

Governance built-in

The range is closely governed by the Aegon Master Trust trustees, with support from Aegon. The trustees regularly review the fund range available and performance of the funds - checking they are in line with our Funds Promise.

Focus on sustainability

The Aegon Master Trust fund range recognises the increasing desire of our customers to invest in line with their beliefs and offers a range of funds that have various levels of environmental, social and governance (ESG) considerations included in their design. For example, funds using exclusions to screen out investments that are particularly harmful to the environment and/or society. The range also includes several specialised funds that focus more directly on sustainable investing and addressing climate issues.  

The Aegon Master Trust range applies ESG criteria for all asset classes across the risk spectrum except gilts, with both screened passive funds and more actively managed funds available. 

The funds offered within the range use various methods to achieve their ESG goals, which you can find out more about below. 

Explore the Aegon Master Trust fund range

You can explore the AMT fund range below. To help you narrow down your choice, we’ve shown where funds take an ESG approach to achieve their goals. Select the fund names to find out more about each fund, including where it invests and fund-specific risks.   

Correct as at January 2024


Funds with a specific focus on sustainability built into their objective or investment process.  Investment approaches that select and include investments on the basis that they meet certain sustainability criteria and/or deliver on specific and measurable sustainability outcome(s). Examples include:

  • Themed – for example, focussing on climate change mitigation or clean water. 
  • Best in class – for example, investing in sector-leading companies in areas such as energy efficiency and low carbon.
  • Positive tilt – overweight investments with more favourable sustainability criteria relative to a benchmark, for example, half the carbon intensity of the benchmark.

Aegon Global Climate Focus Equity (AMT)

Aegon Global Short Term Sustainable Bond (AMT)

Aegon Global Sustainable Government Bond (AMT)

Aegon Global Sustainable Equity (AMT)

Aegon Global Sustainable Multi-Asset Growth (AMT)

Aegon Global Sustainable Multi-Asset Balanced (AMT)

Funds which integrate exclusionary criteria. This means that based on certain thresholds, they will not invest in certain companies, based on Environmental, Social and Governance concerns. These funds integrate exclusions including, but not limited to, controversial weapons, nuclear weapons, civilian firearms, and UN compact violators.

These funds prohibit investment in certain pre-defined activities (tobacco production), sectors (oil and gas) or countries (UN Global Compact violators).

Funds which integrate Environmental, Social and Governance considerations within their overall investment process.

Aegon Global Absolute Return Bond (AMT)

Aegon Global Strategic Bond (AMT)

Aegon UK Property (AMT)

There are some funds that fall into asset classes in which few solutions integrate ESG considerations within their investment process.

Aegon UK Government Bond Tracker (AMT)

Aegon UK Index-Linked Government Bond Tracker (AMT)

The groupings in this table are also aligned with the Investment Association Responsible Investment Framework. 

There's no guarantee the funds will meet their objectives. The value of investments and any income taken can fall as well as rise and isn't guaranteed. The final value of a member's pension pot when they come to take benefits may be less than has been paid in.