Aviva Investors UK Listed Small and Mid-Cap SC 2

UK equity fund with a multicap approach.

  • 416.47p
    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!

  • 0.70%
    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).

  • 0.83%
    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.

  • 0.30%

    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 07 May 2021

The fund aims to provide long term capital growth through investment in UK equities, based on price and prospects of above average earnings growth.

Fund summary

Sector UK All Companies
Structure OEIC
Launched November, 1998
Size £204m
Yield 0.30%
Charging basis Income
Dividends paid Acc units only


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 0.83%


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Investment process

Manager research

Average monthly relative returns

  • 16/17 -0.20%
  • 17/18 0.33%
  • 18/19 -0.24%
  • 19/20 0.48%
  • 20/21 0.69%

Bestinvest MRI

  • 3 years 0.31%
  • 5 years 0.21%
  • Career 0.10%
  • 3 years 90.80%
  • 5 years 86.20%
  • Career 74.50%

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

Charlotte Meyrick

Meyrick joined the investment industry in June 2012 as part of the Aviva Investors graduate training scheme. She holds a BSc in Business Administration from Bath University and is currently studying for CFA®.

Track record

Charlotte Meyrick has 5.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.1%. During the worst period of relative performance (from January 2016 - June 2016) there was a decline of 14% relative to the index. The worst absolute loss has been 35%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 75%.

Periods of worst performance

Absolute -35.00% (December 2019 - March 2020)
Relative -14.00% (January 2016 - 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.


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Top 10 holdings

Data accurate as at 31 July 2020

4.44% Future Plc
2.57% Fevertree Drinks Plc
2.56% Next Fifteen Communications Group
2.32% Yougov
2.3% Goco Group Plc
Source: Trustnet

Sector breakdown

Consumer Services 34.00%
Industrials 20.00%
Financials 16.00%
Consumer Goods 13.00%
Health Care 7.00%
Technology 3.00%
Basic Materials 3.00%
Oil & Gas 2.00%

Key Investor Information