Aviva Investors UK Listed Equity Unconstrained SC 1

Aims for long term growth and income.

  • 127.65p
    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!

  • 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).

  • 1.00%
    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.

  • 3.50%
    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 23 January 2020, fund data last updated 06 August 2003

The Fund's aim is capital growth and to produce some income over the long term by investing typically at least 80% of the Fund in the shares of UK companies. The Fund will invest in the shares of a broad range of UK companies based on the fund manager's view of their long term return prospects, both in terms of potential share price growth and earnings growth.

Fund summary

Sector UK All Companies
Structure OEIC
Launched November, 1974
Size £199m
Yield 3.50%
Charging basis
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 1.00%
Ongoing charges figure 1.00%

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Investment process

The fund aims to provide long term capital growth and income through investment in UK shares.

Manager research

Average monthly relative returns

  • 15/16 0.51%
  • 16/17 -0.63%
  • 17/18 0.36%
  • 18/19 0.00%
  • 19/20 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.09%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 72.60%

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

Henry Flockhart

Flockhart joined Standard Life Investments in 2011 and is an Investment Director in the UK Larger Companies team. He is a portfolio manager and analyst covering travel & leisure. Flockhart previously covered real estate, chemicals and precious metals mining sectors. In his previous role, Flockhart was a Generalist Equity Analyst at Matterley Asset Management, where he progressed to be Assistant Portfolio Manager of the Matterley Undervalued Assets Fund. Flockhart graduated with a degree in Genetics (Hons) from Edinburgh University in 2008. He is a CFA Charterholder and holds the Investment Management Certificate.

Track record

Henry Flockhart has 6.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.09%. During the worst period of relative performance (from December 2015 - June 2016) there was a decline of 16% relative to the index. The worst absolute loss has been 16%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 73%.

Periods of worst performance

Absolute -16.00% (May 2015 - June 2016)
Relative -16.00% (December 2015 - June 2016)

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

5.11% Onesavings Bank Plc
4.68% Cineworld Group
4.19% 888 Hldgs
4.13% Morgan Sindall Group Plc
3.93% International Consolidated Airl Grp
Source: Trustnet

Sector breakdown

Financial Services 29.00%
Basic Materials 18.00%
Energy 13.00%
Industrials 12.00%
Consumer Staples 11.00%
Cyclical Consumer Goods 9.00%
Communications 6.00%
Technology 2.00%

Key Investor Information

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