Aviva Investors UK Equity Income 2

Targets a yield above the FTSE All-Share from UK equities.

  • 143.42p
    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.

  • 214.32p
    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?

  • 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!

  • 0.70%
    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).

  • 0.81%
    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.

  • 3.60%
    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 22 January 2021

Fund summary

Sector UK Equity Income
Structure OEIC
Launched July, 2011
Size £1,041m
Yield 3.60%
Charging basis Capital
Dividends paid 15 Jun, 15 Dec

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.70%
Ongoing charges figure 0.81%

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Investment process

The fund's objective is to provide a dividend yield above that obtainable on the FTSE All-Share Index through investment principally in UK equities judged to offer high yield, above average prospects of dividend growth and long term capital growth.

Manager research

Average monthly relative returns

  • 16/17 0.26%
  • 17/18 0.07%
  • 18/19 0.35%
  • 19/20 0.00%
  • 20/21 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.02%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 72.20%

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

Chris Murphy

Murphy graduated from Cardiff University in 1987 with an Honours degree in Physics (BSc). He joined Shearson Lehman in 1988 as a graduate trainee and became a UK equity analyst. He continued his career as an analyst at James Capel in 1990, advising institutional investors, sales teams and traders. In 1993 he joined Framlington where he became responsible for the management of a range of UK equity funds. He left Framlington in 2006 to join Morley Fund Management.

Track record

Chris Murphy has 5.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.02%. During the worst period of relative performance (from March 1997 - November 1998) there was a decline of 12% relative to the index. The worst absolute loss has been 10%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 72%.

Periods of worst performance

Absolute -10.00% (May 1998 - September 1998)
Relative -12.00% (March 1997 - November 1998)

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

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Allocation

Proportion (%)

  • {{chartDataItem.text}}
    {{chartDataItem.value}}

Top 10 holdings

Data accurate as at 31 July 2020

4.45% Bhp Group Plc
4% Intermediate Capital Group
3.51% Phoenix Group Hldgs
3.37% Legal & General Group
2.91% St James`S Place Plc
Source: Trustnet

Sector breakdown

Financials 35.00%
Industrials 21.00%
Consumer Goods 11.00%
Consumer Services 7.00%
Basic Materials 6.00%
Utilities 5.00%
Health Care 3.00%
Telecommunications 3.00%
Technology 2.00%

Key Investor Information - Income

Download

Key Investor Information - Accumulation

Download