Aviva Investors UK Funds Global Equity Income Class 2 Acc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 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 |
31/03/25 to 31/03/26 |
|
|---|---|---|---|---|---|
| Fund | 15.9% | 7.2% | 21.2% | 5.9% | 5.8% |
| Sector | 11.8% | 2.3% | 13.3% | 4.8% | 12.3% |
| Rank | 9/47 | 4/49 | 5/52 | 24/53 | 42/55 |
| Quartile | 1 | 1 | 1 | 2 | 4 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/03/26 |
5 Years to 31/03/26 |
10 Years to 31/03/26 |
||
| Fund | 10.7% | 11.0% | 11.6% | |
| Sector | 10.1% | 8.8% | 9.3% | |
| Rank | 22/52 | 12/47 | 9/33 | |
| Quartile | 2 | 1 | 1 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| BROADCOM | 4.17 |
| MICROSOFT CORPORATION | 4.11 |
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 3.92 |
| ALPHABET | 3.65 |
| CRH | 3.29 |
| JPMORGAN CHASE & CO | 3.23 |
| DEUTSCHE TELEKOM AG | 3.16 |
| AIA GROUP LIMITED | 3.06 |
| UNILEVER | 3.04 |
| MERCK & CO INC(NEW) | 2.97 |
| Total | 34.59 |
Fund Aims
To provide an annualised income yield at least one and a quarter times that of the annual income yield obtainable on the MSCI World Index (GBP), with the potential for capital growth. The Fund aims to achieve the investment objective by investing principally in global equities judged to offer above average dividend yields with prospects of dividend growth and the potential for long term capital growth. The Fund may also invest in other transferable securities, collective investment schemes, money market instruments, deposits, cash, near cash, derivatives and forward transactions.
Fund Manager
Richard joined Aviva Investors in 2006 having completed an actuarial internship at Punter Southall. He is responsible for managing global income and US quantitative funds as well as maintaining and developing our quantitative models.
Fund Overview
| Mid (01/04/2026) | 377.10p |
| Historic yield | - |
| Fund size (28/02/2026) | £675.90m |
| Number of holdings | 74 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.87% |
| Launch date | 14/05/2001 |
Asset Allocation
| International Equities | 92.45% | |
| UK Equities | 7.27% | |
| Cash and Equivalents | 0.27% |
Commentary
Global equity markets fell sharply in February, with a marked rise in volatility. The catalyst came with the release of higher than expected earnings growth data in the US, which triggered concerns over the outlook for inflation and the risk that the Federal Reserve would be forced to raise interest rates at a faster pace than had been previously signalled. At the sector level, energy stocks were weakest on concerns that rising shale production in the US would derail the recovery in the oil price. Investors continued to favour technology stocks, based on strong earnings momentum in the US. UK equities underperformed the World Index as the Bank of England signalled interest rates may need to rise more rapidly than anticipated to return inflation to its 2% target. Exposure to technology stocks contributed to fund performance. Cisco Systems was the main contributor as the US maker of internet communications equipment reported quarterly earnings ahead of expectations and announced a $25 billion share buyback programme. Our holding in Broadcom, which raised its takeover offer for rival chipmaker Qualcomm, also performed well. Amongst consumer stocks, holdings in Home Depot and McDonalds detracted. Home Depot lost ground despite the DIY retailer reporting fourth quarter sales ahead of forecasts. McDonalds weakened on concerns over the company’s first quarter revenues after the fast food chain launched a range of discounted burgers and drinks to boost sales.
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. 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 report or make any warranties regarding results from its usage.
Asset Allocation
| International Equities | 92.45% | |
| UK Equities | 7.27% | |
| Cash and Equivalents | 0.27% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Technology | 22.84% | - | - | - | |
| Technology | - | 22.84% | - | - | |
| Technology Hardware & Equipment | - | - | 15.08% | - | |
| Semiconductors | - | - | - | 15.08% | |
| Software & Computer Services | - | - | 7.75% | - | |
| Software | - | - | - | 4.11% | |
| Consumer Digital Services | - | - | - | 3.65% | |
| Industrials | 20.03% | - | - | - | |
| Industrial Goods & Services | - | 14.85% | - | - | |
| Industrial Support Services | - | - | 5.57% | - | |
| Professional Business Support Services | - | - | - | 3.90% | |
| Transaction Processing Services | - | - | - | 1.67% | |
| Electronic & Electrical Equipment | - | - | 4.06% | - | |
| Electrical Components | - | - | - | 2.70% | |
| Electronic Equipment: Pollution Control | - | - | - | 1.36% | |
| Industrial Transportation | - | - | 2.61% | - | |
| Railroad Equipment | - | - | - | 2.61% | |
| General Industrials | - | - | 2.61% | - | |
| Diversified Industrials | - | - | - | 2.61% | |
| Construction & Materials | - | 5.18% | - | - | |
| Construction & Materials | - | - | 5.18% | - | |
| Cement | - | - | - | 3.29% | |
| Building Materials: Other | - | - | - | 1.89% | |
| Financials | 14.67% | - | - | - | |
| Insurance | - | 7.68% | - | - | |
| Non-life Insurance | - | - | 4.62% | - | |
| Full Line Insurance | - | - | - | 2.56% | |
| Property & Casualty Insurance | - | - | - | 2.06% | |
| Life Insurance | - | - | 3.06% | - | |
| Life Insurance | - | - | - | 3.06% | |
| Banks | - | 7.00% | - | - | |
| Banks | - | - | 7.00% | - | |
| Banks | - | - | - | 7.00% | |
| Health Care | 13.60% | - | - | - | |
| Health Care | - | 13.60% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 7.30% | - | |
| Pharmaceuticals | - | - | - | 7.30% | |
| Medical Equipment & Services | - | - | 3.76% | - | |
| Medical Equipment | - | - | - | 3.76% | |
| Health Care Providers | - | - | 2.54% | - | |
| Health Care Services | - | - | - | 2.54% | |
| Consumer Staples | 9.62% | - | - | - | |
| Personal Care, Drug & Grocery Stores | - | 8.12% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 8.12% | - | |
| Personal Products | - | - | - | 5.86% | |
| Nondurable Household Products | - | - | - | 2.26% | |
| Food, Beverage & Tobacco | - | 1.50% | - | - | |
| Beverages | - | - | 1.50% | - | |
| Brewers | - | - | - | 1.50% | |
| Consumer Discretionary | 7.43% | - | - | - | |
| Retail | - | 5.72% | - | - | |
| Retailers | - | - | 5.72% | - | |
| Apparel Retailers | - | - | - | 4.09% | |
| Home Improvement Retailers | - | - | - | 1.63% | |
| Consumer Products & Services | - | 1.71% | - | - | |
| Personal Goods | - | - | 1.71% | - | |
| Luxury Items | - | - | - | 1.71% | |
| Telecommunications | 4.71% | - | - | - | |
| Telecommunications | - | 4.71% | - | - | |
| Telecommunications Service Providers | - | - | 3.16% | - | |
| Telecommunications Services | - | - | - | 3.16% | |
| Telecommunications Equipment | - | - | 1.56% | - | |
| Telecommunications Equipment | - | - | - | 1.56% | |
| Energy | 2.97% | - | - | - | |
| Energy | - | 2.97% | - | - | |
| Non-Renewable Energy | - | - | 2.97% | - | |
| Integrated Oil & Gas | - | - | - | 2.97% | |
| Utilities | 2.73% | - | - | - | |
| Utilities | - | 2.73% | - | - | |
| Electricity | - | - | 2.73% | - | |
| Conventional Electricity | - | - | - | 2.73% | |
| Basic Materials | 1.12% | - | - | - | |
| Chemicals | - | 1.12% | - | - | |
| Chemicals | - | - | 1.12% | - | |
| Chemicals: Diversified | - | - | - | 1.12% | |
| Cash and Equivalents | 0.27% | - | - | - | |
Regional Allocation
| North America | 41.88% | |
| Developed Europe - Excl UK | 37.70% | |
| UK | 7.27% | |
| Emerging Asia | 5.48% | |
| Developed Asia | 3.06% | |
| Japan | 2.27% | |
| Australia & New Zealand | 2.06% | |
| Cash and Equivalents | 0.27% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 99.99% | |
| Euro | 0.01% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| North America | 41.88% | - | |
United States
|
- | 41.88% | |
| Developed Europe - Excl UK | 37.70% | - | |
France
|
- | 9.70% | |
Germany
|
- | 8.31% | |
Ireland
|
- | 4.41% | |
Netherlands
|
- | 4.38% | |
Switzerland
|
- | 4.36% | |
Italy
|
- | 2.73% | |
Spain
|
- | 2.32% | |
Denmark
|
- | 1.50% | |
| UK | 7.27% | - | |
United Kingdom
|
- | 7.27% | |
| Emerging Asia | 5.48% | - | |
Taiwan
|
- | 3.92% | |
South Korea
|
- | 1.56% | |
| Developed Asia | 3.06% | - | |
Hong Kong
|
- | 3.06% | |
| Japan | 2.27% | - | |
Japan
|
- | 2.27% | |
| Australia & New Zealand | 2.06% | - | |
Australia
|
- | 2.06% | |
| Cash and Equivalents | 0.27% | - | |
Breakdown By Market Cap (%)
| Mega |
|
68.74% |
| Large |
|
12.41% |
| Medium |
|
0.42% |
| Non-Classified |
|
18.16% |
| Cash |
|
0.27% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | BROADCOM | 4.17% | Technology Hardware & Equipment | United States |
| 2 | MICROSOFT CORPORATION | 4.11% | Software & Computer Services | United States |
| 3 | TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 3.92% | Technology Hardware & Equipment | Taiwan |
| 4 | ALPHABET | 3.65% | Software & Computer Services | United States |
| 5 | CRH | 3.29% | Construction & Materials | Ireland |
| 6 | JPMORGAN CHASE & CO | 3.23% | Banks | United States |
| 7 | DEUTSCHE TELEKOM AG | 3.16% | Telecommunications Service Providers | Germany |
| 8 | AIA GROUP LIMITED | 3.06% | Life Insurance | Hong Kong |
| 9 | UNILEVER | 3.04% | Personal Care, Drug & Grocery Stores | United Kingdom |
| 10 | MERCK & CO INC(NEW) | 2.97% | Pharmaceuticals & Biotechnology | United States |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 22.84% | - | - | - | - | - | - | 22.84% |
| Telecommunications | - | 4.71% | - | - | - | - | - | - | 4.71% |
| Financials | - | 14.67% | - | - | - | - | - | - | 14.67% |
| Consumer Discretionary | - | 7.43% | - | - | - | - | - | - | 7.43% |
| Consumer Staples | 5.30% | 4.32% | - | - | - | - | - | - | 9.62% |
| Energy | - | 2.97% | - | - | - | - | - | - | 2.97% |
| Utilities | - | 2.73% | - | - | - | - | - | - | 2.73% |
| Health Care | - | 13.60% | - | - | - | - | - | - | 13.60% |
| Industrials | 1.98% | 18.06% | - | - | - | - | - | - | 20.03% |
| Basic Materials | - | 1.12% | - | - | - | - | - | - | 1.12% |
| Cash and Equivalents | - | - | - | - | - | - | - | 0.27% | 0.27% |
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 | 3044209 |
| Mex Code | NUGSS2 |
| Isin Code | GB0030442098 |
| Citi Code | GN31 |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.87% |
Aims and Benchmark
| Aims | To provide an annualised income yield at least one and a quarter times that of the annual income yield obtainable on the MSCI World Index (GBP), with the potential for capital growth. The Fund aims to achieve the investment objective by investing principally in global equities judged to offer above average dividend yields with prospects of dividend growth and the potential for long term capital growth. The Fund may also invest in other transferable securities, collective investment schemes, money market instruments, deposits, cash, near cash, derivatives and forward transactions. |
| Benchmark | MSCI World GBP |
| Benchmark Category | - |
| IA Sector | Global Equity Income |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | OEIC |
| Launch price | £1.30 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Quarterly |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 16 January | 15 March |
| 16 April | 15 June |
| 16 July | 15 September |
| 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 | 1.12 |
| Beta | 0.97 |
| Sharpe | 0.72 |
| Standard Deviation | 9.24 |
| Info Ratio | 0.19 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| Emerging Markets | Yes |
| Concentrated Portfolio | No |
| 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 | Yes |
| Higher Risk | No |
| Performance Charges | No |
| Derivative Exposure | No |
| Offshore | No |
| Income Eroding Capital Growth | No |
| 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
Emerging Markets
The fund invests in emerging markets. Generally less well regulated than the UK. There is an increased chance of political and economic instability with less reliable custody, dealing and settlement arrangements. The market(s) can be less liquid. If a fund investing in markets is affected by currency exchange rates, the investment could either increase or decrease. These investments therefore carry more risk.
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.
Exchange Rate
This fund invests in securities outside the UK. The value of investments and any income from them may therefore decrease or increase as a result of changes in exchange rates between currencies.
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. 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 report or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. Please remember that past performance is not a reliable indicator of future performance. The figures shown are intended only to demonstrate performance history of the fund and take no account of product charges. Fund Performance is based upon the movement of the daily price and is shown as total return in GBP with net income reinvested. The value of your client's investment may go down as well as up and the fund value may be less than the payments your client has made. Please also note that our 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. 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 report 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.