Aviva Investors Global Equity Income 1

International equity fund targeting a high income.

  • 154.37p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • 169.86p
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 5.25% 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 1.50%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 1.66%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 2.90%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 11 December 2019

The fund aims to provide an income yield at least one and a quarter times that obtainable on the MSCI World Index, with the potential for capital growth. The manager aims to achieve this 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.

Fund summary

Sector Global Equity Income
Structure OEIC
Launched February, 2000
Size £220m
Yield 2.90%
Charging basis Income
Dividends paid 15 Mar, 15 Jun, 15 Sep, 15 Dec

Charges

Standard initial charge 5.25%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.66%

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Investment process

Manager research

Average monthly relative returns

  • 14/15 0.00%
  • 15/16 -0.54%
  • 16/17 -0.04%
  • 17/18 -0.20%
  • 18/19 0.05%

Bestinvest MRI

  • 3 years -0.06%
  • 5 years -0.15%
  • Career -0.15%
  • 3 years 54.00%
  • 5 years 33.40%
  • Career 30.90%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Richard Saldanha

Saldanha joined Aviva Investors in 2006. He previously worked for Punter Southall & Co in an actuarial internship role. He holds a MChem in Chemistry from the University of Oxford. He also holds the UKSIP Investment Management Certificate.

Track record

Richard Saldanha has 5.9 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.15%. During the worst period of relative performance (from February 2016 - August 2018) there was a decline of 12% relative to the index. The worst absolute loss has been 11%.

Periods of worst performance

Absolute -11.00% (March 2015 - September 2015)
Relative -12.00% (February 2016 - August 2018)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

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Top 10 holdings

Data accurate as at 31 August 2019

4.66% Mcdonalds Holdings Co(Japan)
4.54% Home Depot Inc
4.22% Microsoft Corp
4.07% Unilever
3.99% Jpmorgan Chase & Co
3.67% Nextera Energy Inc
3.58% Cisco Systems Inc
3.36% Total Sa
2.98% Vinci Sa
2.94% Becton Dickinson & Co
Source: Trustnet

Sector breakdown

Information Technology 17.00%
Industrials 15.00%
Financials 14.00%
Health Care 14.00%
Consumer Discretionary 10.00%
Consumer Staples 6.00%
Communications 6.00%
Energy 6.00%
Utilities 4.00%
Others 3.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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