Aviva Investors UK Funds UK Property Feeder Inc 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 -6.8% -14.5% 2.6% 1.0% -1.7%

Annualised performance

Annualised
3 Years to
29/02/24
5 Years to
29/02/24
10 Years to
29/02/24
Fund 0.7% -4.1% -0.3%

Holdings

Stock
Top ten holdings are 100.00% of the property assets.
Central Studios, Reading (Other Commercial)
Total

Fund Aims

The Fund aims to provide a combination of income and growth through exposure to property. The Fund will invest solely in the Aviva Investors UK Property Fund with the exception of cash balances which may also be held for the purposes of maintaining sufficient liquidity to enable the Fund to meet its commitments, such as expenses and redemptions. Please see the Fund's Key Investor Information Document for further details on what it will primarily invest in to achieve this objective.

Fund Manager

Andrew Hook manager for 9 years

Photo of Andrew Hook Andrew is a fund manager within the Retail Funds Team where he is lead fund manager for the Aviva Investors UK Property Fund. Prior to assuming his current role in December 2016, Andrew managed Aviva Investors real estate funds across the UK and Europe for over 9 years. Before joining Aviva Investors Andrew spent five years at Curzon Global Partners as an associate director working across acquisitions, asset management and investment strategy. Andrew started his career at Donaldsons as a graduate surveyor in the valuation department. Andrew holds a post-graduate diploma in Law from Nottingham Trent University, an MPhil in Real Estate Finance from the University of Cambridge, and an MA in Geography from the University of Oxford. He holds the Investment Management Certificate and is a member of the Royal Institution of Chartered Surveyors.

Fund Overview

Bid (28/03/2024) 75.01p
Offer (28/03/2024) 75.01p
Historic yield 0.00%
Fund size (31/03/2023) £32.49m
Entry Charge 0.00%
Ongoing Charges 0.74%
Launch date 18/08/2017

Asset Allocation

pie chart
  Cash and Equivalents 59.80%
  Property 53.80%
  Other Assets -13.60%

Commentary

For investors concerned with income rather than total returns, there remains an attractive spread over bond yields. Intense demand for yield from income seeking investors has been holding up the whole market. However, UK property already looks a little less favourably priced on a relative basis than it did at the end of 2017. Despite a marginally more positive economic backdrop, UK direct real estate continues to look overpriced for total return investors. The share of the investment market that looks fair value remains very low, having shrunk noticeably over the past 2-3 years. Pricing in most sectors tightened over 2017, whereas the outlook for occupier markets remains relatively weak. It remains appropriate to continue positioning portfolios defensively, and reduce the risks posed by income risk, and cyclical assets and sectors. The excess returns on offer from moving up the risk curve are increasingly thin, although the likelihood of a severe correction still appears low, with yield driven investor demand for real estate set to remain robust in what remains a low interest rate environment.

Portfolio data accurate as at: 31/03/23

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
  Cash and Equivalents 59.80%
  Property 53.80%
  Other Assets -13.60%

Regional Allocation

pie chart
  Cash and Equivalents 59.80%
  UK 53.80%
  Non-Classified -13.60%

Regional Breakdown

Expand allCollapse all
Region Country
 
Cash and Equivalents 59.80% -
 
UK 53.80% -
 
Non-Classified -13.60% -

Property Regions

pie chart
  Cash and Equivalents 59.80%
  South East 53.80%
  Other -13.60%

Property Sector

pie chart
  Cash and Equivalents 59.80%
  Direct Property 53.80%
  Other -13.60%

Holdings

Stock Sector Country

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 BYYZ246
Mex Code NUXXP
Isin Code GB00BYYZ2464
Citi Code E2BC

Fund Charges

Entry Charge 0.00%
Ongoing Charges 0.74%

Aims and Benchmark

Aims The Fund aims to provide a combination of income and growth through exposure to property. The Fund will invest solely in the Aviva Investors UK Property Fund with the exception of cash balances which may also be held for the purposes of maintaining sufficient liquidity to enable the Fund to meet its commitments, such as expenses and redemptions. Please see the Fund's Key Investor Information Document for further details on what it will primarily invest in to achieve this objective.
Benchmark No benchmark applicable
Benchmark Category -
IA Sector UK Direct Property

Fund Background

Valuation frequency Daily
Valuation point 12:00
Fund type Unit Trust
Launch price £0.00
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)
01 April 31 May
01 October 30 November

Effect of Deductions

Assuming a growth rate of 6.00% Assuming a growth rate of 7.00%
- -

Fund Administration

Fund Trustee/Depository J.P. Morgan Europe Limited
Fund Administrator IFDS
Fund Registrar IFDS
Fund Custodian J.P. Morgan Chase Bank

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 -
Settlement Period: Sell -
Pricing Basis None
Dealing Decimals -

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.