Aviva Investors UK Funds UK Listed Equity Unconstrained Class 2 Inc

Essentials Portfolio Analysis Background Data Performance View PDF Factsheet
Portfolio data accurate as at:

Performance

Discrete performance - to last month end

28/02/19
to
29/02/20
29/02/20
to
28/02/21
28/02/21
to
28/02/22
28/02/22
to
28/02/23
28/02/23
to
29/02/24
Fund -4.1% 22.2% 17.1% 1.3% 3.1%
Sector 1.0% 8.5% 7.6% 3.2% 0.1%
Rank 189/214 18/219 17/223 153/230 42/232
Quartile 4 1 1 3 1

Annualised performance

Annualised
3 Years to
29/02/24
5 Years to
29/02/24
10 Years to
29/02/24
Fund 6.9% 7.5% 6.5%
Sector 3.6% 4.0% 4.1%
Rank 85/223 9/214 17/186
Quartile 2 1 1

Top 10 Holdings

Stock % Weight
SAGE GROUP 5.39
INTERMEDIATE CAPITAL GROUP 5.14
MELROSE INDUSTRIES 5.13
BAE SYSTEMS 4.79
GSK 4.71
UNILEVER 3.95
ASHTEAD GROUP 3.47
RELX 3.28
NATIONAL GRID 3.19
TESCO 2.85
Total 41.88

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

Henry Flockhart manager for 5 years and 6 months

Photo of Henry Flockhart 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 (28/03/2024) 187.38p
Historic yield 3.00%
Fund size (29/02/2024) £195.39m
Number of holdings 54
Entry Charge 0.00%
Ongoing Charges 0.82%
Launch date 20/08/2012

Asset Allocation

pie chart
  UK Equities 93.37%
  Investment Trusts 2.29%
  International Equities 1.71%
  Cash and Equivalents 1.65%
  Property 0.98%

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.

Portfolio data accurate as at: 29/02/24

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

pie chart
  UK Equities 93.37%
  Investment Trusts 2.29%
  International Equities 1.71%
  Cash and Equivalents 1.65%
  Property 0.98%

Equity Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Industrials 29.42% - - -
 
Industrial Goods & Services - 29.42% - -
 
Aerospace & Defence - - 15.97% -
 
Defense - - - 10.85%
 
Aerospace - - - 5.13%
 
Industrial Support Services - - 4.33% -
 
Professional Business Support Services - - - 4.33%
 
Industrial Transportation - - 3.47% -
 
Commercial Vehicle-Equipment Leasing - - - 3.47%
 
Electronic & Electrical Equipment - - 2.25% -
 
Electronic Equipment: Gauges & Meters - - - 2.25%
 
Industrial Engineering - - 1.75% -
 
Machinery: Construction & Handling - - - 1.75%
 
General Industrials - - 1.65% -
 
Containers & Packaging - - - 1.65%
 
Financials 17.40% - - -
 
Financial Services - 11.32% - -
 
Investment Banking & Brokerage Services - - 8.00% -
 
Asset Managers & Custodians - - - 8.00%
 
Equity Investment Instruments - - 2.29% -
 
Equity Investment Instruments - - - 2.29%
 
Finance & Credit Services - - 1.03% -
 
Financial Data & Systems - - - 1.03%
 
Insurance - 5.86% - -
 
Non-life Insurance - - 3.34% -
 
Reinsurance - - - 2.06%
 
Property & Casualty Insurance - - - 1.28%
 
Life Insurance - - 2.52% -
 
Life Insurance - - - 2.52%
 
Banks - 0.23% - -
 
Banks - - 0.23% -
 
Banks - - - 0.23%
 
Consumer Staples 16.42% - - -
 
Food, Beverage & Tobacco - 9.63% - -
 
Beverages - - 6.48% -
 
Soft Drinks - - - 3.81%
 
Distillers & Vintners - - - 2.67%
 
Food Producers - - 3.15% -
 
Food Products - - - 3.15%
 
Personal Care, Drug & Grocery Stores - 6.80% - -
 
Personal Care, Drug & Grocery Stores - - 6.80% -
 
Personal Products - - - 3.95%
 
Food Retailers & Wholesalers - - - 2.85%
 
Consumer Discretionary 11.59% - - -
 
Consumer Products & Services - 4.15% - -
 
Consumer Services - - 2.71% -
 
Vending & Catering Service - - - 2.71%
 
Personal Goods - - 1.44% -
 
Clothing & Accessories - - - 1.44%
 
Media - 3.62% - -
 
Media - - 3.62% -
 
Publishing - - - 3.28%
 
Media Agencies - - - 0.34%
 
Automobiles & Parts - 1.86% - -
 
Automobiles & Parts - - 1.86% -
 
Auto Parts - - - 1.86%
 
Travel & Leisure - 1.19% - -
 
Travel & Leisure - - 1.19% -
 
Hotels & Motels - - - 1.19%
 
Retail - 0.77% - -
 
Retailers - - 0.77% -
 
Home Improvement Retailers - - - 0.77%
 
Technology 6.67% - - -
 
Technology - 6.67% - -
 
Software & Computer Services - - 6.67% -
 
Software - - - 5.39%
 
Computer Services - - - 1.28%
 
Health Care 5.89% - - -
 
Health Care - 5.89% - -
 
Pharmaceuticals & Biotechnology - - 4.71% -
 
Pharmaceuticals - - - 4.71%
 
Medical Equipment & Services - - 1.18% -
 
Medical Supplies - - - 1.18%
 
Utilities 5.63% - - -
 
Utilities - 5.63% - -
 
Gas, Water & Multi-utilities - - 3.19% -
 
Multi-Utilities - - - 3.19%
 
Electricity - - 2.45% -
 
Conventional Electricity - - - 2.45%
 
Energy 2.52% - - -
 
Energy - 2.52% - -
 
Non-Renewable Energy - - 2.52% -
 
Integrated Oil & Gas - - - 2.52%
 
Cash and Equivalents 1.65% - - -
 
Basic Materials 1.33% - - -
 
Basic Resources - 1.33% - -
 
Industrial Metals & Mining - - 1.33% -
 
Copper - - - 1.33%
 
Real Estate 0.98% - - -
 
Real Estate - 0.98% - -
 
Real Estate Investment Trusts - - 0.98% -
 
Diversified REITs - - - 0.98%
 
Telecommunications 0.49% - - -
 
Telecommunications - 0.49% - -
 
Telecommunications Equipment - - 0.49% -
 
Telecommunications Equipment - - - 0.49%

Regional Allocation

pie chart
  UK 93.37%
  Non-Classified 2.29%
  Developed Europe - Excl UK 1.71%
  Cash and Equivalents 1.65%
  Property 0.98%

Regional Breakdown

Expand allCollapse all
Region Country
 
UK 93.37% -
 
United Kingdom - 93.37%
 
Non-Classified 2.29% -
 
Developed Europe - Excl UK 1.71% -
 
Switzerland - 1.71%
 
Cash and Equivalents 1.65% -
 
Property 0.98% -

Breakdown By Market Cap (%)

Mega
 
 
32.64%
Large
 
 
24.82%
Medium
 
 
24.35%
Small
 
 
8.91%
Non-Classified
 
 
7.65%
Cash
 
 
1.65%

Top 10 Holdings

Stock % Weight Sector Country
1 SAGE GROUP 5.39% Software & Computer Services United Kingdom
2 INTERMEDIATE CAPITAL GROUP 5.14% Investment Banking & Brokerage Services United Kingdom
3 MELROSE INDUSTRIES 5.13% Aerospace & Defence United Kingdom
4 BAE SYSTEMS 4.79% Aerospace & Defence United Kingdom
5 GSK 4.71% Pharmaceuticals & Biotechnology United Kingdom
6 UNILEVER 3.95% Personal Care, Drug & Grocery Stores United Kingdom
7 ASHTEAD GROUP 3.47% Industrial Transportation United Kingdom
8 RELX 3.28% Media United Kingdom
9 NATIONAL GRID 3.19% Gas, Water & Multi-utilities United Kingdom
10 TESCO 2.85% Personal Care, Drug & Grocery Stores United Kingdom

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Technology 6.67% - - - - - - - 6.67%
Telecommunications 0.49% - - - - - - - 0.49%
Financials 15.11% - - - - - 2.29% - 17.40%
Real Estate - - - - - 0.98% - - 0.98%
Consumer Discretionary 11.59% - - - - - - - 11.59%
Consumer Staples 14.72% 1.71% - - - - - - 16.42%
Energy 2.52% - - - - - - - 2.52%
Utilities 5.63% - - - - - - - 5.63%
Health Care 5.89% - - - - - - - 5.89%
Industrials 29.42% - - - - - - - 29.42%
Basic Materials 1.33% - - - - - - - 1.33%
Cash and Equivalents - - - - - - - 1.65% 1.65%

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 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 Crown Rating of 2

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.