Aviva Investors UK Funds Aviva Investors US Equity Income Fund II Class 2 Inc

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

Performance

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Top 10 Holdings

Stock % Weight
WILLIAMS COMPANIES INC.(THE) 4.34
KINDER MORGAN INC DELAWARE 4.25
ORACLE CORPORATION 4.23
UNILEVER 3.26
PNC FINANCIAL SERVICES GROUP INC.(THE) 3.17
PROGRESSIVE CORPORATION (THE) 3.14
THE KROGER CO. 3.13
CHUBB LIMITED 3.06
American Tower Corporation American Tower Corp Ord USD0.01 3.03
COMCAST CORP(NEW) 2.88
Total 34.50

Fund Aims

The Fund aims to provide a rolling annual income yield 1.5% higher than the annual income yield produced by the broad US value equity share index – the Russell 3000 Value Index, together with the potential for share price growth. The Fund will invest in the shares of a broad range of US Companies based on the Fund Managers view of their long term return prospects, both in terms of potential income and share price growth. Typically at least 80% of the Fund will be invested in the shares of companies listed on North American stock exchanges, which are at least 1 billion US dollars in size. The Fund may have a small level of investment in other geographical regions.

Fund Manager

Henry W. Sanders III - River Road manager for 11 years and 10 months

Photo of Henry W. Sanders III - River Road Henry joined the investment industry in 1989 and was a founding member of River Road. He currently serves as the lead portfolio manager of River Road’s dividend all-cap value discipline and as co-manager of their small cap and small-mid cap value disciplines. Prior to founding River Road, Henry was a Senior Vice President and Portfolio Manager for Commonwealth Trust Company. Previously, he was President of Bridges Capital Management and Vice President of PRIMCO Capital Management. Henry earned the CFA designation in 1992. He is a member of the CFA Institute and an active member and past president of the CFA Society of Louisville. He also holds a BA in Business Administration from Bellarmine University and an MBA from Boston College. He has served as adjunct Professor of Finance and Economics at Bellarmine University.

Thomas S. Forsha - River Road manager for 11 years and 10 months

Photo of Thomas S. Forsha - River Road Thomas joined the investment industry in 1998 and River Road in July 2005. Prior to joining River Road, Thomas was an equity analyst and portfolio manager with ABN AMRO Asset Management USA, where he was responsible for the management of the North American equity allocation of the firm’s global high income fund. Thomas is a CFA charterholder, having earlier received a BS in Finance from the Ohio State University’s Fisher College of Business and an MBA from the University of Chicago Booth School of Business. He is also a member of the CFA Institute and the CFA Society of Louisville.

Fund Overview

Mid (25/04/2025) 203.03p
Historic yield 2.70%
Fund size (31/03/2025) $180.35m
Number of holdings 69
Entry Charge 0.00%
Ongoing Charges 0.75%
Launch date 09/09/2013

Asset Allocation

pie chart
  International Equities 93.56%
  UK Equities 5.92%
  Cash and Equivalents 0.53%

Commentary

The three largest contributors were our holdings in Cinemark, an operator of movie theatres in the U.S. and international markets; Cisco Systems, connector of people and networks to the internet through integrated hardware and software solutions; and Interpublic Group of Companies, a global provider of advertising and marketing services. The three main detractors were discount retailer Walmart; United Parcel Service, the largest package delivery company in the world, and Aircastle which acquires and leases commercial jet aircraft to passenger and cargo airlines globally. Market volatility rose sharply in early February, generating significant losses for strategies that were inherently low volatility. However, the spike was short lived as the CBOE VIX declined sharply, although it has remained at levels well above the historic lows of recent months. Despite the sudden increase in risk aversion, investors continued to favor growth stocks over value. As the fourth quarter earnings season comes to a close, it is clear that corporate America has built very strong earnings momentum going into 2018. Analysts are making significant upward revisions to their expectations for 2018, while management reports increasingly support our belief that the lower tax rate represents a significant stimulus for earnings and dividend growth in the year to come, which should help drive the market higher yet.

Portfolio data accurate as at: 31/03/25

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
  International Equities 93.56%
  UK Equities 5.92%
  Cash and Equivalents 0.53%

Equity Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
 Financials 16.39% - - -
 
 Insurance - 10.91% - -
 
 Non-life Insurance - - 10.91% -
 
 Property & Casualty Insurance - - - 10.09%
 
 Full Line Insurance - - - 0.82%
 
 Banks - 5.48% - -
 
 Banks - - 5.48% -
 
 Banks - - - 5.48%
 
 Technology 15.95% - - -
 
 Technology - 15.95% - -
 
 Software & Computer Services - - 9.09% -
 
 Software - - - 9.09%
 
 Technology Hardware & Equipment - - 6.86% -
 
 Semiconductors - - - 4.70%
 
 Electronic Components - - - 1.37%
 
 Computer Hardware - - - 0.79%
 
 Health Care 13.33% - - -
 
 Health Care - 13.33% - -
 
 Pharmaceuticals & Biotechnology - - 10.60% -
 
 Pharmaceuticals - - - 10.60%
 
 Medical Equipment & Services - - 2.16% -
 
 Medical Supplies - - - 2.16%
 
 Health Care Providers - - 0.57% -
 
 Health Care Management Services - - - 0.57%
 
 Energy 12.70% - - -
 
 Energy - 12.70% - -
 
 Non-Renewable Energy - - 12.70% -
 
 Pipelines - - - 8.59%
 
 Oil: Crude Producers - - - 3.30%
 
 Oil Refining and Marketing - - - 0.81%
 
 Consumer Staples 10.13% - - -
 
 Personal Care, Drug & Grocery Stores - 8.60% - -
 
 Personal Care, Drug & Grocery Stores - - 8.60% -
 
 Personal Products - - - 5.47%
 
 Food Retailers & Wholesalers - - - 3.13%
 
 Food, Beverage & Tobacco - 1.53% - -
 
 Beverages - - 1.53% -
 
 Soft Drinks - - - 1.53%
 
 Utilities 9.03% - - -
 
 Utilities - 9.03% - -
 
 Electricity - - 7.05% -
 
 Conventional Electricity - - - 7.05%
 
 Gas, Water & Multi-utilities - - 1.98% -
 
 Multi-Utilities - - - 1.98%
 
 Consumer Discretionary 7.07% - - -
 
 Travel & Leisure - 2.68% - -
 
 Travel & Leisure - - 2.68% -
 
 Restaurants & Bars - - - 2.68%
 
 Retail - 1.42% - -
 
 Retailers - - 1.42% -
 
 Diversified Retailers - - - 1.42%
 
 Media - 1.39% - -
 
 Media - - 1.39% -
 
 Entertainment - - - 0.88%
 
 Media Agencies - - - 0.50%
 
 Automobiles & Parts - 0.95% - -
 
 Automobiles & Parts - - 0.95% -
 
 Auto Parts - - - 0.95%
 
 Consumer Products & Services - 0.64% - -
 
 Personal Goods - - 0.64% -
 
 Footwear - - - 0.64%
 
 Telecommunications 6.88% - - -
 
 Telecommunications - 6.88% - -
 
 Telecommunications Service Providers - - 5.63% -
 
 Cable Television Services - - - 2.88%
 
 Telecommunications Services - - - 2.75%
 
 Telecommunications Equipment - - 1.25% -
 
 Telecommunications Equipment - - - 1.25%
 
 Industrials 3.57% - - -
 
 Industrial Goods & Services - 3.08% - -
 
 Industrial Transportation - - 2.06% -
 
 Delivery Services - - - 2.06%
 
 Industrial Support Services - - 1.02% -
 
 Professional Business Support Services - - - 1.02%
 
 Construction & Materials - 0.49% - -
 
 Construction & Materials - - 0.49% -
 
 Building: Climate Control - - - 0.49%
 
 Real Estate 3.57% - - -
 
 Real Estate - 3.57% - -
 
 Real Estate Investment Trusts - - 3.57% -
 
 Infrastructure REITs - - - 3.57%
 
 Non-Classified 0.86% - - -
 
 Cash and Equivalents 0.53% - - -

Regional Allocation

pie chart
  North America 89.48%
  UK 5.92%
  Developed Europe - Excl UK 4.08%
  Cash and Equivalents 0.53%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 94.82%
  Cash 3.90%
  US Dollar 1.28%

Regional Breakdown

Expand allCollapse all
Region Country
 
 North America 89.48% -
 
 United States - 88.16%
 
 Canada - 1.32%
 
 UK 5.92% -
 
 United Kingdom - 5.92%
 
 Developed Europe - Excl UK 4.08% -
 
 Switzerland - 3.06%
 
 Ireland - 1.02%
 
 Cash and Equivalents 0.53% -

Breakdown By Market Cap (%)

Mega
 
 
55.63%
Large
 
 
20.30%
Medium
 
 
15.89%
Non-Classified
 
 
7.66%
Cash
 
 
0.53%

Top 10 Holdings

Stock % Weight Sector Country
1 WILLIAMS COMPANIES INC.(THE) 4.34% Non-Renewable Energy United States
2 KINDER MORGAN INC DELAWARE 4.25% Non-Renewable Energy United States
3 ORACLE CORPORATION 4.23% Software & Computer Services United States
4 UNILEVER 3.26% Personal Care, Drug & Grocery Stores United Kingdom
5 PNC FINANCIAL SERVICES GROUP INC.(THE) 3.17% Banks United States
6 PROGRESSIVE CORPORATION (THE) 3.14% Non-life Insurance United States
7 THE KROGER CO. 3.13% Personal Care, Drug & Grocery Stores United States
8 CHUBB LIMITED 3.06% Non-life Insurance Switzerland
9 American Tower Corporation American Tower Corp Ord USD0.01 3.03% Real Estate Investment Trusts United States
10 COMCAST CORP(NEW) 2.88% Telecommunications Service Providers United States

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Technology - 15.95% - - - - - - 15.95%
Telecommunications - 6.88% - - - - - - 6.88%
Financials - 16.39% - - - - - - 16.39%
Real Estate - 3.57% - - - - - - 3.57%
Consumer Discretionary - 7.07% - - - - - - 7.07%
Consumer Staples 3.26% 6.86% - - - - - - 10.13%
Energy - 12.70% - - - - - - 12.70%
Utilities - 9.03% - - - - - - 9.03%
Health Care 2.65% 10.67% - - - - - - 13.33%
Industrials - 3.57% - - - - - - 3.57%
Cash and Equivalents - - - - - - - 0.53% 0.53%
Non-Classified - 0.86% - - - - - - 0.86%

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 BCGD4P9
Mex Code NUAAFL
Isin Code GB00BCGD4P92
Citi Code JOIO

Fund Charges

Entry Charge 0.00%
Ongoing Charges 0.75%

Aims and Benchmark

Aims The Fund aims to provide a rolling annual income yield 1.5% higher than the annual income yield produced by the broad US value equity share index – the Russell 3000 Value Index, together with the potential for share price growth. The Fund will invest in the shares of a broad range of US Companies based on the Fund Managers view of their long term return prospects, both in terms of potential income and share price growth. Typically at least 80% of the Fund will be invested in the shares of companies listed on North American stock exchanges, which are at least 1 billion US dollars in size. The Fund may have a small level of investment in other geographical regions.
Benchmark Russell 3000 Value
Benchmark Category -
IA Sector North America

Fund Background

Valuation frequency Daily
Valuation point 12:00
Fund type OEIC
Launch price 100.00p
Fund currency Pound Sterling
Fund domicile United Kingdom
ISA allowable No
SIPP allowable No

Distribution Details

Income frequency Quarterly
Distribution Type Dividend
Distribution Payment Basis Net

Distribution Dates

Ex dividend date(s) Income payment date(s)
29 November 28 January
01 March 28 April
29 May 28 July
29 August 28 October

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 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 £250000
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.