Aviva Investors UK Index Tracking SC 1

Fully replicated FTSE All-Share tracker. Cheaper options are available.

  • 83.52p
    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.

  • -
    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!

  • 0.90%
    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).

  • 0.93%
    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.

  • 3.70%
    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 17 January 2020, fund data last updated 04 November 2013

This tracker fund aims to match the total return (after charges) of the FTSE All-Share Index. This index comprises over 600 of the largest UK equities which together make up around 97% of the UK equity market by value. To achieve its objective, the fund will hold all the stocks and in the same proportion as in the index, a strategy known as full replication.

Fund summary

Sector UK All Companies
Structure OEIC
Launched October, 1989
Size £922m
Yield 3.70%
Charging basis Income
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 0.90%
Ongoing charges figure 0.93%

Allocation

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Investment process

The FTSE All-Share comprises the FTSE 100, FTSE 250 and FTSE Small Cap indices - over 600 companies in total. This gives investors substantial diversification including some international exposure, though it can be concentrated by company size - the multinationals of the FTSE 100 make up around 85% of the index. This product is expensive for a tracker fund - cheaper options exist elsewhere.

Manager research

Average monthly relative returns

  • 15/16 -0.01%
  • 16/17 -0.04%
  • 17/18 -0.01%
  • 18/19 -0.03%
  • 19/20 0.03%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years -0.01%
  • Career -0.06%
  • 3 years 77.90%
  • 5 years 71.20%
  • Career 43.60%

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

Russell Harris

Harris began his career with Norwich Union in 1984, starting in Investment Technology and progressing into Investment Marketing, UK Equities and Quantitative Investment. He holds a BA (Hons) in Economics from Heriot Watt University.

Track record

Russell Harris has 19.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.06%. During the worst period of relative performance (from January 2000 - April 2018) there was a decline of 15% relative to the index. The worst absolute loss has been 44%.

Periods of worst performance

Absolute -44.00% (August 2000 - January 2003)
Relative -15.00% (January 2000 - April 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 30 November 2019

5.05% Hsbc Hldgs
4.23% Astrazeneca Plc
4.14% Bp
4.1% Royal Dutch Shell
3.72% Glaxosmithkline
3.55% Royal Dutch Shell
3.2% Diageo
3.02% British American Tobacco
2.16% Unilever
2% Rio Tinto
Source: Trustnet

Sector breakdown

Others 24.00%
Financial Services 14.00%
Consumer Staples 11.00%
Energy 10.00%
Industrials 8.00%
Health Care 8.00%
Basic Materials 7.00%
Cyclical Consumer Goods 6.00%
Communications 5.00%
Others 4.00%

Key Investor Information

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