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 Greenmanager
for
0 years
and 10 months
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 Meyrickmanager
for
0 years
and 10 months
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 (30/08/2024)
278.84p
Historic yield
3.80%
Fund size (31/07/2024)
£802.43m
Number of holdings
62
Entry Charge
0.00%
Ongoing Charges
0.81%
Launch date
28/04/1989
Asset Allocation
UK Equities
90.67%
International Equities
2.92%
Investment Trusts
2.88%
Property
1.92%
Cash and Equivalents
1.62%
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.
Portfolio data accurate as at: 31/07/24
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 investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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.
Portfolio data accurate as at:
Asset Allocation
UK Equities
90.67%
International Equities
2.92%
Investment Trusts
2.88%
Property
1.92%
Cash and Equivalents
1.62%
Equity Sector Breakdown
Expand allCollapse all
Industry
Supersector
Sector
Subsector
Financials
20.69%
-
-
-
Banks
-
7.79%
-
-
Banks
-
-
7.79%
-
Banks
-
-
-
7.79%
Financial Services
-
6.97%
-
-
Investment Banking & Brokerage Services
-
-
3.83%
-
Asset Managers & Custodians
-
-
-
3.83%
Equity Investment Instruments
-
-
2.88%
-
Equity Investment Instruments
-
-
-
2.88%
Nonequity Investment Instruments
-
-
0.26%
-
Nonequity Investment Instruments
-
-
-
0.26%
Insurance
-
5.93%
-
-
Life Insurance
-
-
3.63%
-
Life Insurance
-
-
-
3.63%
Non-life Insurance
-
-
2.29%
-
Reinsurance
-
-
-
1.74%
Property & Casualty Insurance
-
-
-
0.56%
Industrials
17.40%
-
-
-
Industrial Goods & Services
-
13.04%
-
-
Aerospace & Defence
-
-
6.63%
-
Defense
-
-
-
5.38%
Aerospace
-
-
-
1.25%
Industrial Engineering
-
-
2.61%
-
Machinery: Construction & Handling
-
-
-
2.61%
General Industrials
-
-
2.40%
-
Containers & Packaging
-
-
-
2.40%
Electronic & Electrical Equipment
-
-
1.41%
-
Electronic Equipment: Gauges & Meters
-
-
-
1.41%
Construction & Materials
-
4.36%
-
-
Construction & Materials
-
-
4.36%
-
Construction
-
-
-
1.60%
Cement
-
-
-
1.42%
Building, Roofing/Wallboard & Plumbing
-
-
-
1.35%
Consumer Discretionary
15.25%
-
-
-
Retail
-
6.05%
-
-
Retailers
-
-
6.05%
-
Specialty Retailers
-
-
-
2.96%
Home Improvement Retailers
-
-
-
2.05%
Diversified Retailers
-
-
-
1.04%
Media
-
3.69%
-
-
Media
-
-
3.69%
-
Media Agencies
-
-
-
2.22%
Publishing
-
-
-
1.47%
Consumer Products & Services
-
3.29%
-
-
Consumer Services
-
-
3.29%
-
Vending & Catering Service
-
-
-
3.29%
Travel & Leisure
-
1.69%
-
-
Travel & Leisure
-
-
1.69%
-
Hotels & Motels
-
-
-
1.69%
Automobiles & Parts
-
0.53%
-
-
Automobiles & Parts
-
-
0.53%
-
Auto Parts
-
-
-
0.53%
Health Care
12.38%
-
-
-
Health Care
-
12.38%
-
-
Pharmaceuticals & Biotechnology
-
-
8.78%
-
Pharmaceuticals
-
-
-
8.78%
Medical Equipment & Services
-
-
3.60%
-
Medical Equipment
-
-
-
1.97%
Medical Supplies
-
-
-
1.64%
Consumer Staples
11.50%
-
-
-
Personal Care, Drug & Grocery Stores
-
10.92%
-
-
Personal Care, Drug & Grocery Stores
-
-
10.92%
-
Personal Products
-
-
-
5.61%
Food Retailers & Wholesalers
-
-
-
3.21%
Nondurable Household Products
-
-
-
2.11%
Food, Beverage & Tobacco
-
0.58%
-
-
Beverages
-
-
0.58%
-
Distillers & Vintners
-
-
-
0.58%
Energy
7.67%
-
-
-
Energy
-
7.67%
-
-
Non-Renewable Energy
-
-
7.67%
-
Integrated Oil & Gas
-
-
-
7.67%
Utilities
5.59%
-
-
-
Utilities
-
5.59%
-
-
Gas, Water & Multi-utilities
-
-
5.59%
-
Multi-Utilities
-
-
-
5.59%
Technology
3.70%
-
-
-
Technology
-
3.70%
-
-
Software & Computer Services
-
-
3.70%
-
Software
-
-
-
3.70%
Real Estate
3.16%
-
-
-
Real Estate
-
3.16%
-
-
Real Estate Investment Trusts
-
-
3.16%
-
Diversified REITs
-
-
-
1.92%
Other Specialty REITs
-
-
-
1.24%
Cash and Equivalents
1.62%
-
-
-
Basic Materials
1.05%
-
-
-
Basic Resources
-
1.05%
-
-
Industrial Metals & Mining
-
-
1.05%
-
General Mining
-
-
-
1.05%
Regional Allocation
UK
90.67%
Developed Europe - Excl UK
2.92%
Non-Classified
2.88%
Property
1.92%
Cash and Equivalents
1.62%
Fixed Interest Currencies
Non-Fixed Interest Assets
93.09%
Cash
6.50%
Pound Sterling
0.41%
Regional Breakdown
Expand allCollapse all
Region
Country
UK
90.67%
-
United Kingdom
-
90.67%
Developed Europe - Excl UK
2.92%
-
Ireland
-
1.88%
Luxembourg
-
1.04%
Non-Classified
2.88%
-
Property
1.92%
-
Cash and Equivalents
1.62%
-
Breakdown By Market Cap (%)
Mega
40.23%
Large
18.33%
Medium
19.61%
Small
7.49%
Non-Classified
12.72%
Cash
1.62%
Top 10 Holdings
Stock
% Weight
Sector
Country
1
SHELL
7.67%
Non-Renewable Energy
United Kingdom
2
UNILEVER
5.61%
Personal Care, Drug & Grocery Stores
United Kingdom
3
NATIONAL GRID
5.59%
Gas, Water & Multi-utilities
United Kingdom
4
ASTRAZENECA
4.69%
Pharmaceuticals & Biotechnology
United Kingdom
5
GSK
4.10%
Pharmaceuticals & Biotechnology
United Kingdom
6
SAGE GROUP
3.70%
Software & Computer Services
United Kingdom
7
LEGAL & GENERAL GROUP
3.63%
Life Insurance
United Kingdom
8
LLOYDS BANKING GROUP
3.50%
Banks
United Kingdom
9
HSBC HOLDINGS
3.32%
Banks
United Kingdom
10
COMPASS GROUP
3.29%
Consumer 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
3.70%
-
-
-
-
-
-
-
3.70%
Financials
17.81%
-
-
-
-
-
2.88%
-
20.69%
Real Estate
1.24%
-
-
-
-
1.92%
-
-
3.16%
Consumer Discretionary
14.21%
1.04%
-
-
-
-
-
-
15.25%
Consumer Staples
11.50%
-
-
-
-
-
-
-
11.50%
Energy
7.67%
-
-
-
-
-
-
-
7.67%
Utilities
5.59%
-
-
-
-
-
-
-
5.59%
Health Care
12.38%
-
-
-
-
-
-
-
12.38%
Industrials
15.53%
1.88%
-
-
-
-
-
-
17.40%
Basic Materials
1.05%
-
-
-
-
-
-
-
1.05%
Cash and Equivalents
-
-
-
-
-
-
-
1.62%
1.62%
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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
Email
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 information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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 investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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.