Aviva Investors UK Funds Aviva Investors UK Listed Equity Unconstrained Class 2 Inc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 31/03/20 to 31/03/21 |
31/03/21 to 31/03/22 |
31/03/22 to 31/03/23 |
31/03/23 to 31/03/24 |
31/03/24 to 31/03/25 |
|
|---|---|---|---|---|---|
| Fund | 68.1% | 7.8% | 0.0% | 9.6% | -1.5% |
| Sector | 38.0% | 5.4% | -1.9% | 7.6% | 5.1% |
| Rank | 12/204 | 100/208 | 113/213 | 49/215 | 186/216 |
| Quartile | 1 | 2 | 3 | 1 | 4 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/03/25 |
5 Years to 31/03/25 |
10 Years to 31/03/25 |
||
| Fund | 2.6% | 14.4% | 6.3% | |
| Sector | 3.5% | 10.0% | 4.7% | |
| Rank | 132/213 | 14/204 | 29/178 | |
| Quartile | 3 | 1 | 1 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| UNILEVER | 6.98 |
| RELX | 5.29 |
| SHELL | 5.11 |
| COMPASS GROUP | 4.54 |
| LONDON STOCK EXCHANGE GROUP | 4.54 |
| RECKITT BENCKISER GROUP | 4.29 |
| ASTRAZENECA | 4.10 |
| BAE SYSTEMS | 4.03 |
| EXPERIAN | 3.66 |
| SAGE GROUP PLC. (THE) | 3.58 |
| Total | 46.11 |
Fund Aims
The Fund aims to grow your investment over the long term (5 years or more) by investing in shares of UK companies. At least 80% of the Fund will be invested in shares of UK companies, and non-UK companies which are listed in the UK or which have significant trading activities in the UK. The Fund may also invest in shares of unlisted companies, other funds, cash and deposits.
Fund Manager
Joined investment industry: 2011
Joined Aviva Investors: 2018
Main responsibilities
Henry is a portfolio manager on our UK equity team.
Experience and qualifications
Prior to joining Aviva Investors, Henry was a fund manager in UK equities at Standard Life Investments focussing on UK High Alpha.
Adam holds a BSc (Hons) in Genetics (Biological Sciences) from the University of Edinburgh.
Fund Overview
| Mid (24/04/2025) | 179.27p |
| Historic yield | 2.20% |
| Fund size (31/03/2025) | £178.15m |
| Number of holdings | 43 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.82% |
| Launch date | 20/08/2012 |
Asset Allocation
| UK Equities | 95.04% | |
| International Equities | 1.79% | |
| Cash and Equivalents | 0.66% | |
| Other Assets | 2.51% |
Commentary
UK equities recorded their largest monthly decline since August 2015 during February, largely in response to the sell off in global equity markets with volatility rising sharply. In local currency terms, UK equities fell broadly in line with other major markets. The fund’s benchmark, the FTSE All Share index, fell by 3.3% during the month. From a sector perspective, defensive areas of the market fell the most with household goods, telecoms and utilities all sharply lower. Construction, real estate and energy stocks also underperformed. The best performing sector was media, while autos also gained significant ground. Amongst financials, the fund’s holding in Intermediate Capital, which has performed well in recent months, declined on profit taking. In the technology sector, the fund’s long term holding in accounting software group Sage underperformed. The company recently reported quarterly revenues were held back by its underperforming French business and significant investment in sales training. However, management maintained full year earnings guidance and forecast an acceleration in revenue growth. Amongst industrials, Melrose Industries was a key contributor. The turnaround specialist launched a hostile takeover bid in January for auto and aerospace component supplier GKN. Amongst consumer stocks, our holding in catering group Compass rebounded on the back of strong start to its financial year and an upgrade to its annual revenue growth forecasts.
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 | 95.04% | |
| International Equities | 1.79% | |
| Cash and Equivalents | 0.66% | |
| Other Assets | 2.51% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Industrials | 21.58% | - | - | - | |
| Industrial Goods & Services | - | 19.12% | - | - | |
| Industrial Support Services | - | - | 7.85% | - | |
| Professional Business Support Services | - | - | - | 5.59% | |
| Industrial Suppliers | - | - | - | 2.26% | |
| Aerospace & Defence | - | - | 5.44% | - | |
| Defense | - | - | - | 5.44% | |
| Industrial Transportation | - | - | 3.97% | - | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 2.30% | |
| Marine Transportation | - | - | - | 1.68% | |
| Industrial Engineering | - | - | 1.86% | - | |
| Machinery: Construction & Handling | - | - | - | 1.86% | |
| Construction & Materials | - | 2.47% | - | - | |
| Construction & Materials | - | - | 2.47% | - | |
| Construction | - | - | - | 2.47% | |
| Consumer Discretionary | 20.09% | - | - | - | |
| Consumer Products & Services | - | 7.77% | - | - | |
| Consumer Services | - | - | 4.54% | - | |
| Vending & Catering Service | - | - | - | 4.54% | |
| Leisure Goods | - | - | 3.23% | - | |
| Toys | - | - | - | 3.23% | |
| Retail | - | 5.67% | - | - | |
| Retailers | - | - | 5.67% | - | |
| Home Improvement Retailers | - | - | - | 3.88% | |
| Diversified Retailers | - | - | - | 1.79% | |
| Media | - | 4.46% | - | - | |
| Media | - | - | 4.46% | - | |
| Media Agencies | - | - | - | 4.46% | |
| Travel & Leisure | - | 2.19% | - | - | |
| Travel & Leisure | - | - | 2.19% | - | |
| Restaurants & Bars | - | - | - | 2.19% | |
| Technology | 15.56% | - | - | - | |
| Technology | - | 15.56% | - | - | |
| Software & Computer Services | - | - | 15.56% | - | |
| Computer Services | - | - | - | 7.66% | |
| Software | - | - | - | 5.37% | |
| Consumer Digital Services | - | - | - | 2.53% | |
| Consumer Staples | 15.31% | - | - | - | |
| Personal Care, Drug & Grocery Stores | - | 11.27% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 11.27% | - | |
| Personal Products | - | - | - | 6.98% | |
| Nondurable Household Products | - | - | - | 4.29% | |
| Food, Beverage & Tobacco | - | 4.05% | - | - | |
| Food Producers | - | - | 2.38% | - | |
| Food Products | - | - | - | 2.38% | |
| Beverages | - | - | 1.66% | - | |
| Distillers & Vintners | - | - | - | 1.66% | |
| Financials | 12.01% | - | - | - | |
| Financial Services | - | 8.55% | - | - | |
| Finance & Credit Services | - | - | 4.54% | - | |
| Financial Data & Systems | - | - | - | 4.54% | |
| Investment Banking & Brokerage Services | - | - | 4.01% | - | |
| Asset Managers & Custodians | - | - | - | 4.01% | |
| Banks | - | 3.47% | - | - | |
| Banks | - | - | 3.47% | - | |
| Banks | - | - | - | 3.47% | |
| Energy | 5.11% | - | - | - | |
| Energy | - | 5.11% | - | - | |
| Non-Renewable Energy | - | - | 5.11% | - | |
| Integrated Oil & Gas | - | - | - | 5.11% | |
| Health Care | 4.10% | - | - | - | |
| Health Care | - | 4.10% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 4.10% | - | |
| Pharmaceuticals | - | - | - | 4.10% | |
| Real Estate | 3.07% | - | - | - | |
| Real Estate | - | 3.07% | - | - | |
| Real Estate Investment & Services | - | - | 3.07% | - | |
| Real Estate Services | - | - | - | 3.07% | |
| Non-Classified | 2.51% | - | - | - | |
| Cash and Equivalents | 0.66% | - | - | - | |
Regional Allocation
| UK | 95.04% | |
| Non-Classified | 2.51% | |
| Developed Europe - Excl UK | 1.79% | |
| Cash and Equivalents | 0.66% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 95.04% | - | |
United Kingdom
|
- | 95.04% | |
| Non-Classified | 2.51% | - | |
| Developed Europe - Excl UK | 1.79% | - | |
Luxembourg
|
- | 1.79% | |
| Cash and Equivalents | 0.66% | - | |
Breakdown By Market Cap (%)
| Mega |
|
44.85% |
| Large |
|
17.78% |
| Medium |
|
27.31% |
| Small |
|
1.78% |
| Non-Classified |
|
7.62% |
| Cash |
|
0.66% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | UNILEVER | 6.98% | Personal Care, Drug & Grocery Stores | United Kingdom |
| 2 | RELX | 5.29% | Software & Computer Services | United Kingdom |
| 3 | SHELL | 5.11% | Non-Renewable Energy | United Kingdom |
| 4 | COMPASS GROUP | 4.54% | Consumer Services | United Kingdom |
| 5 | LONDON STOCK EXCHANGE GROUP | 4.54% | Finance & Credit Services | United Kingdom |
| 6 | RECKITT BENCKISER GROUP | 4.29% | Personal Care, Drug & Grocery Stores | United Kingdom |
| 7 | ASTRAZENECA | 4.10% | Pharmaceuticals & Biotechnology | United Kingdom |
| 8 | BAE SYSTEMS | 4.03% | Aerospace & Defence | United Kingdom |
| 9 | EXPERIAN | 3.66% | Industrial Support Services | United Kingdom |
| 10 | SAGE GROUP PLC. (THE) | 3.58% | Software & Computer Services | United Kingdom |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | 15.56% | - | - | - | - | - | 2.09% | - | 17.65% |
| Financials | 12.01% | - | - | - | - | - | - | - | 12.01% |
| Real Estate | 3.07% | - | - | - | - | - | - | - | 3.07% |
| Consumer Discretionary | 18.30% | 1.79% | - | - | - | - | 0.42% | - | 20.51% |
| Consumer Staples | 15.31% | - | - | - | - | - | - | - | 15.31% |
| Energy | 5.11% | - | - | - | - | - | - | - | 5.11% |
| Health Care | 4.10% | - | - | - | - | - | - | - | 4.10% |
| Industrials | 21.58% | - | - | - | - | - | - | - | 21.58% |
| Cash and Equivalents | - | - | - | - | - | - | - | 0.66% | 0.66% |
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 | B7RBQX9 |
| Mex Code | NUAAFD |
| Isin Code | GB00B7RBQX91 |
| Citi Code | I8JB |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.82% |
Aims and Benchmark
| Aims | The Fund aims to grow your investment over the long term (5 years or more) by investing in shares of UK companies. At least 80% of the Fund will be invested in shares of UK companies, and non-UK companies which are listed in the UK or which have significant trading activities in the UK. The Fund may also invest in shares of unlisted companies, other funds, cash and deposits. |
| Benchmark | FTSE® All Share |
| Benchmark Category | - |
| IA Sector | UK All Companies |
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.
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.