Aviva Investors Monthly Income Plus 1

Provides a monthly income by investing mainly in quality bonds and preference shares.

  • 53.84p
    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.

  • 168.00p
    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?

  • 4.00% 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!

  • 1.00%
    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).

  • 1.13%
    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.

  • 2.20%
    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 13 December 2019, fund data last updated 01 April 2002

Fund summary

Sector £ Corporate Bond
Structure OEIC
Launched May, 1989
Size £260m
Yield 2.20%
Charging basis Income
Dividends paid 27th day of each month

Charges

Standard initial charge 4.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.00%
Ongoing charges figure 1.13%

Allocation

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Investment process

The fund's objective is to provide a high income payable monthly and to guard against capital erosion through diversified investment, principally in the UK, in fixed interest securities, convertibles, preference shares and high yielding equities. The Fund may invest in any of the following financial instruments in order to achieve its investment objective: transferable securities, money market instruments, units in collective investment schemes, deposits and derivatives and forward transactions.

Manager research

Average monthly relative returns

  • 14/15 -0.01%
  • 15/16 -0.22%
  • 16/17 -0.04%
  • 17/18 0.02%
  • 18/19 -0.08%

Bestinvest MRI

  • 3 years -0.03%
  • 5 years -0.07%
  • Career -0.05%
  • 3 years 62.90%
  • 5 years 35.90%
  • Career 69.50%

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

James Vokins

Vokins joined Aviva Investors in September 2005. He initially joined Aviva Investors as a graduate within the finance department. In October 2006 he moved to the credit team as an investment analyst. He has had several short-term internships with JP Morgan in the debt capital markets bond/loan origination. He has also worked for ConocoPhillips as a desk assistant for the crude oil traders and for HSBC as a major projects analyst. Vokins holds a BSc (Hons) in Business Administration, from University of Bath and has also passed the CFA.

Track record

James Vokins has 9.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.05%. During the worst period of relative performance (from April 2010 - July 2019) there was a decline of 8% relative to the index. The worst absolute loss has been 6%.

Periods of worst performance

Absolute -6.00% (August 2016 - November 2016)
Relative -8.00% (April 2010 - July 2019)

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

5.07% Uk Conv Gilt
3.28% Electricite De France S.a.
3.16% Imperial Brands Fin. Plc
3.11% Citigrp. Inc.
2.78% Barclays Bank Plc
2.76% At&T Inc.
2.43% Hsbc Hldg. Plc
2.38% Anheuser Busch Inbev N.v.
2.07% Western Pwr Distribution W Midlands Plc
2.05% Thpa Finance Ltd.
Source: Trustnet

Sector breakdown

BBB 59.00%
A 17.00%
AA 8.00%
BB 8.00%
AAA 4.00%
Non-Rated 3.00%
B 2.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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