Aviva Investors UK Funds UK Listed Equity Income Class 2 Acc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 30/11/19 to 30/11/20 |
30/11/20 to 30/11/21 |
30/11/21 to 30/11/22 |
30/11/22 to 30/11/23 |
30/11/23 to 30/11/24 |
|
|---|---|---|---|---|---|
| Fund | -7.7% | 15.3% | -0.7% | 3.4% | 14.1% |
| Sector | -10.5% | 17.1% | 3.5% | 1.5% | 15.4% |
| Rank | 17/68 | 38/68 | 51/70 | 22/70 | 49/70 |
| Quartile | 1 | 3 | 3 | 2 | 3 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/11/24 |
5 Years to 30/11/24 |
10 Years to 30/11/24 |
||
| Fund | 5.4% | 4.5% | 5.7% | |
| Sector | 6.7% | 4.9% | 5.4% | |
| Rank | 49/70 | 48/68 | 24/58 | |
| Quartile | 3 | 3 | 2 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| SHELL | 7.57 |
| UNILEVER | 5.97 |
| NATIONAL GRID | 5.66 |
| SAGE GROUP | 4.60 |
| ASTRAZENECA | 4.59 |
| HSBC HOLDINGS | 4.18 |
| LLOYDS BANKING GROUP | 4.07 |
| LEGAL & GENERAL GROUP | 3.75 |
| INFORMA | 3.29 |
| GSK | 3.20 |
| Total | 46.85 |
Fund Aims
To provide a dividend yield above that obtainable on the FTSE® All-Share Index through investment principally in UK equities judged to offer high yield, above average prospects of dividend growth and long term capital growth. The Fund may invest in any of the following financial instruments in order to achieve its investment objective: transferable securities, money market instruments, units in collective investment schemes, deposits and derivatives and forward transactions.
Fund Manager
Trevor joined the investment industry in 1990 and Aviva Investors in 2011.
Trevor is head of UK Equities responsible for retail and institutional funds.
Trevor previously worked as a fund manager at Henderson Global Investors, where he was co-manager of the Henderson Managed Distribution Fund and provided equity input into the Henderson World Wide Income Fund. Prior to this, he worked at New Star Asset Management and before that spent nearly six years at RCM. Trevor has also worked at Credit Suisse Asset Management and started his career at Capel Cure Myers, managing both retail and institutional funds.
Trevor holds a BA (Hons) in Economics from Aberdeen University and the Securities Institute Diploma.
Charlotte is co-manager of the Aviva Investors UK Opportunities Fund and is part of a wider team responsible for the UK Institutional funds, with £6.1bn AUM.
In addition Charlotte is lead sector analyst on General Retail and Travel & Leisure.
Charlotte graduated from The University of Bath with a BSc in Business Administration. As part of her degree she completed two six-month industrial placements at Citigroup (Emerging Markets Equity Capital Markets and UK Corporate Broking) and ConocoPhillips.
She joined the Investment Industry and Aviva Investors in June 2012.
Charlotte has completed her IMC Unit 1 and CFA Level 2 exams.
Fund Overview
| Mid (20/12/2024) | 263.42p |
| Historic yield | 3.80% |
| Fund size (30/11/2024) | £732.51m |
| Number of holdings | 62 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.81% |
| Launch date | 28/04/1989 |
Asset Allocation
| UK Equities | 91.46% | |
| International Equities | 4.43% | |
| Investment Trusts | 2.65% | |
| Property | 1.69% | |
| Cash and Equivalents | -0.23% |
Commentary
UK equities fell sharply in December, ending a disappointing year in 2018. The negative reception by Parliament to Prime Minister May’s Brexit deal raised the perceived risk of both an election or a ‘no deal’ Brexit, both considered undesirable outcomes due to the potential negative impact on UK business prospects. Additionally, more cautious economic commentary from the Federal Reserve while flagging further rate hikes led to a more negative view of US economic prospects in 2019 and triggered sharp falls in US equities, further unsettling the UK market. Exposure to the financials and industrials sectors detracted from fund performance last month. Amongst the former, our holding in River & Mercantile lost ground as continued macroeconomic uncertainty raised concerns over the asset management group’s earnings prospects. Similarly, amongst industrials both engineering group Melrose and BBA Aviation weakened on concerns over the outlook for the US economy and the continuing trade dispute with China, as both companies have substantial US earnings. Holdings in the technology and telecoms sectors made a positive contribution in December. Investors have reacted positively to recent management changes at accounting software group Sage, while shares in regional telecoms operator KCOM rebounded following a recent profits warning.
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Asset Allocation
| UK Equities | 91.46% | |
| International Equities | 4.43% | |
| Investment Trusts | 2.65% | |
| Property | 1.69% | |
| Cash and Equivalents | -0.23% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Financials | 20.10% | - | - | - | |
| Banks | - | 8.70% | - | - | |
| Banks | - | - | 8.70% | - | |
| Banks | - | - | - | 8.70% | |
| Financial Services | - | 6.07% | - | - | |
| Investment Banking & Brokerage Services | - | - | 3.14% | - | |
| Asset Managers & Custodians | - | - | - | 3.14% | |
| Equity Investment Instruments | - | - | 2.65% | - | |
| Equity Investment Instruments | - | - | - | 2.65% | |
| Nonequity Investment Instruments | - | - | 0.29% | - | |
| Nonequity Investment Instruments | - | - | - | 0.29% | |
| Insurance | - | 5.33% | - | - | |
| Life Insurance | - | - | 3.75% | - | |
| Life Insurance | - | - | - | 3.75% | |
| Non-life Insurance | - | - | 1.58% | - | |
| Reinsurance | - | - | - | 1.58% | |
| Consumer Discretionary | 16.87% | - | - | - | |
| Retail | - | 6.40% | - | - | |
| Retailers | - | - | 6.40% | - | |
| Specialty Retailers | - | - | - | 2.94% | |
| Home Improvement Retailers | - | - | - | 2.28% | |
| Diversified Retailers | - | - | - | 1.19% | |
| Media | - | 5.27% | - | - | |
| Media | - | - | 5.27% | - | |
| Media Agencies | - | - | - | 3.29% | |
| Publishing | - | - | - | 1.98% | |
| Consumer Products & Services | - | 3.02% | - | - | |
| Consumer Services | - | - | 3.02% | - | |
| Vending & Catering Service | - | - | - | 3.02% | |
| Travel & Leisure | - | 1.67% | - | - | |
| Travel & Leisure | - | - | 1.67% | - | |
| Hotels & Motels | - | - | - | 1.67% | |
| Automobiles & Parts | - | 0.52% | - | - | |
| Automobiles & Parts | - | - | 0.52% | - | |
| Auto Parts | - | - | - | 0.52% | |
| Consumer Staples | 14.38% | - | - | - | |
| Personal Care, Drug & Grocery Stores | - | 12.51% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 12.51% | - | |
| Personal Products | - | - | - | 5.97% | |
| Food Retailers & Wholesalers | - | - | - | 3.80% | |
| Nondurable Household Products | - | - | - | 2.74% | |
| Food, Beverage & Tobacco | - | 1.87% | - | - | |
| Beverages | - | - | 1.87% | - | |
| Soft Drinks | - | - | - | 1.28% | |
| Distillers & Vintners | - | - | - | 0.60% | |
| Industrials | 13.49% | - | - | - | |
| Industrial Goods & Services | - | 10.86% | - | - | |
| Aerospace & Defence | - | - | 4.27% | - | |
| Defense | - | - | - | 4.27% | |
| Industrial Engineering | - | - | 2.86% | - | |
| Machinery: Construction & Handling | - | - | - | 2.86% | |
| General Industrials | - | - | 1.97% | - | |
| Containers & Packaging | - | - | - | 1.97% | |
| Electronic & Electrical Equipment | - | - | 1.24% | - | |
| Electronic Equipment: Gauges & Meters | - | - | - | 1.24% | |
| Industrial Support Services | - | - | 0.51% | - | |
| Professional Business Support Services | - | - | - | 0.51% | |
| Construction & Materials | - | 2.63% | - | - | |
| Construction & Materials | - | - | 2.63% | - | |
| Cement | - | - | - | 1.37% | |
| Construction | - | - | - | 1.26% | |
| Health Care | 11.90% | - | - | - | |
| Health Care | - | 11.90% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 7.78% | - | |
| Pharmaceuticals | - | - | - | 7.78% | |
| Medical Equipment & Services | - | - | 4.11% | - | |
| Medical Supplies | - | - | - | 2.23% | |
| Medical Equipment | - | - | - | 1.88% | |
| Energy | 7.57% | - | - | - | |
| Energy | - | 7.57% | - | - | |
| Non-Renewable Energy | - | - | 7.57% | - | |
| Integrated Oil & Gas | - | - | - | 7.57% | |
| Utilities | 5.66% | - | - | - | |
| Utilities | - | 5.66% | - | - | |
| Gas, Water & Multi-utilities | - | - | 5.66% | - | |
| Multi-Utilities | - | - | - | 5.66% | |
| Technology | 5.43% | - | - | - | |
| Technology | - | 5.43% | - | - | |
| Software & Computer Services | - | - | 5.43% | - | |
| Software | - | - | - | 4.60% | |
| Consumer Digital Services | - | - | - | 0.83% | |
| Real Estate | 2.81% | - | - | - | |
| Real Estate | - | 2.81% | - | - | |
| Real Estate Investment Trusts | - | - | 2.81% | - | |
| Diversified REITs | - | - | - | 1.69% | |
| Other Specialty REITs | - | - | - | 1.12% | |
| Basic Materials | 2.03% | - | - | - | |
| Basic Resources | - | 2.03% | - | - | |
| Industrial Metals & Mining | - | - | 2.03% | - | |
| General Mining | - | - | - | 2.03% | |
| Cash and Equivalents | -0.23% | - | - | - | |
Regional Allocation
| UK | 91.46% | |
| Developed Europe - Excl UK | 4.43% | |
| Non-Classified | 2.65% | |
| Property | 1.69% | |
| Cash and Equivalents | -0.23% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 93.09% | |
| Cash | 6.50% | |
| Pound Sterling | 0.41% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 91.46% | - | |
United Kingdom
|
- | 91.46% | |
| Developed Europe - Excl UK | 4.43% | - | |
Ireland
|
- | 1.97% | |
Switzerland
|
- | 1.28% | |
Luxembourg
|
- | 1.19% | |
| Non-Classified | 2.65% | - | |
| Property | 1.69% | - | |
| Cash and Equivalents | -0.23% | - | |
Breakdown By Market Cap (%)
| Mega |
|
41.62% |
| Large |
|
23.47% |
| Medium |
|
17.88% |
| Small |
|
5.99% |
| Non-Classified |
|
11.28% |
| Cash |
|
-0.23% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | SHELL | 7.57% | Non-Renewable Energy | United Kingdom |
| 2 | UNILEVER | 5.97% | Personal Care, Drug & Grocery Stores | United Kingdom |
| 3 | NATIONAL GRID | 5.66% | Gas, Water & Multi-utilities | United Kingdom |
| 4 | SAGE GROUP | 4.60% | Software & Computer Services | United Kingdom |
| 5 | ASTRAZENECA | 4.59% | Pharmaceuticals & Biotechnology | United Kingdom |
| 6 | HSBC HOLDINGS | 4.18% | Banks | United Kingdom |
| 7 | LLOYDS BANKING GROUP | 4.07% | Banks | United Kingdom |
| 8 | LEGAL & GENERAL GROUP | 3.75% | Life Insurance | United Kingdom |
| 9 | INFORMA | 3.29% | Media | United Kingdom |
| 10 | GSK | 3.20% | Pharmaceuticals & Biotechnology | United Kingdom |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | 5.43% | - | - | - | - | - | - | - | 5.43% |
| Financials | 17.46% | - | - | - | - | - | 2.65% | - | 20.10% |
| Real Estate | 1.12% | - | - | - | - | 1.69% | - | - | 2.81% |
| Consumer Discretionary | 15.69% | 1.19% | - | - | - | - | - | - | 16.87% |
| Consumer Staples | 13.10% | 1.28% | - | - | - | - | - | - | 14.38% |
| Energy | 7.57% | - | - | - | - | - | - | - | 7.57% |
| Utilities | 5.66% | - | - | - | - | - | - | - | 5.66% |
| Health Care | 11.90% | - | - | - | - | - | - | - | 11.90% |
| Industrials | 11.52% | 1.97% | - | - | - | - | - | - | 13.49% |
| Basic Materials | 2.03% | - | - | - | - | - | - | - | 2.03% |
| Cash and Equivalents | - | - | - | - | - | - | - | -0.23% | -0.23% |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for investment professionals and is for information purposes only.
Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | B6R51K6 |
| Mex Code | - |
| Isin Code | GB00B6R51K64 |
| Citi Code | 05NY |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.81% |
Aims and Benchmark
| Aims | To provide a dividend yield above that obtainable on the FTSE® All-Share Index through investment principally in UK equities judged to offer high yield, above average prospects of dividend growth and long term capital growth. The Fund may invest in any of the following financial instruments in order to achieve its investment objective: transferable securities, money market instruments, units in collective investment schemes, deposits and derivatives and forward transactions. |
| Benchmark | FTSE® All Share |
| Benchmark Category | - |
| IA Sector | UK Equity Income |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | OEIC |
| Launch price | £0.50 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Biannually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 16 April | 15 June |
| 16 October | 15 December |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | Citibank |
| Fund Administrator | IFDS |
| Fund Registrar | IFDS |
| Fund Custodian | Citibank |
Group Details
| Group name | Aviva Investors UK Fund Services Limited |
| Group address | St Helen's 1 Undershaft London EC3P 3DQ |
| Group telephone | 0800 015 4773 |
| Dealing telephone | 0800 587 4563 |
| fund&salessupport@avivainvestors.com | |
| Homepage | www.avivainvestors.co.uk |
| Fax number | - |
Dealing
| Minimum Investment | £500000 |
| Minimum Top Up | £25000 |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 4 days |
| Settlement Period: Sell | 4 days |
| Pricing Basis | Forward |
| Dealing Decimals | 3 |
Important Information
Ongoing charges may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | -1.11 |
| Beta | 1.06 |
| Sharpe | 0.15 |
| Standard Deviation | 12.53 |
| Info Ratio | -0.25 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | Yes |
| Emerging Markets | No |
| Concentrated Portfolio | Yes |
| Smaller Companies | Yes |
| High Yield Bonds | No |
| Sector Specific | No |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | No |
| Higher Risk | No |
| Performance Charges | No |
| Derivative Exposure | No |
| Offshore | No |
| Income Eroding Capital Growth | Yes |
| Umbrella Liabilities | Yes |
| New Fund | No |
| Solvency of Depository | No |
| Solvency of Bond Issuers | No |
| Ethical Restrictions | No |
| Liquidity | No |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
Charges to Capital
Part, or all of the periodic annual management fee(s) and expenses may be charged to capital which could increase the potential for the capital value of your investment to be eroded. Your capital could also decrease if income withdrawals exceed the growth rate of the fund(s).
Concentrated Portfolio
The fund may invest in a relatively smaller number of stocks. This stock concentration may carry more risk than funds spread across a larger number of companies.
Smaller Companies
The fund invests in smaller companies. Smaller companies shares can be more volatile and less liquid than larger company shares, so smaller companies funds can carry more risk.
Value of Investments
The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
Investments Long Term
Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
Income Eroding Capital Growth
The fund focuses on providing an income, which can reduce the prospects for capital growth, and in some cases the capital value may fall.
Umbrella Liabilities
If the liabilities of one fund were to exceed its assets, the other funds within the scheme might have to transfer across money to cover the liabilities.
Returns Are Not Guaranteed
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation
Inflation will reduce the real value of your investments in future.
Taxation and Tax Relief
Levels of taxation and tax relief are subject to change.
Important Information
The risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
"Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.