Aviva Investors UK Smaller Companies SC 1

Manager targets companies offering above average earnings growth.

  • 418.01p Price (Inc)
  • - Price (Acc)
  • 4.00% 0.00% Initial charge
  • 1.25% Annual management charge
  • 1.39% Ongoing charges
  • 1.10% Yield

Prices as at 09 December 2019, fund data last updated 29 August 2008

Fund summary

Sector UK Smaller Companies
Structure OEIC
Launched April, 1989
Size £34m
Yield 1.10%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 4.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.25%
Ongoing charges figure 1.39%

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Investment process

The fund's objective is to provide long term capital appreciation through investment principally in smaller capitalisation UK equities judged to offer prospects of above average earnings growth. 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 0.35%
  • 15/16 -0.70%
  • 16/17 -0.05%
  • 17/18 0.76%
  • 18/19 0.21%

Bestinvest MRI

  • 3 years 0.31%
  • 5 years 0.11%
  • Career 0.09%
  • 3 years 94.60%
  • 5 years 78.20%
  • Career 77.90%

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

David Lis / Trevor Green

Lis joined Norwich Union Investment Management in 1997. Previously, he spent five years as a director of an Investor Relations Consultancy advising a number of major UK and international companies on their financial communications. He has gained fund management experience at Windsor Investment Management, a company he founded and managed; Morgan Grenfell and J Rothschild Investment Management as a Fund Manager; and NatWest as an Investment Analyst.

Track record

David Lis / Trevor Green has 5.9 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 January 2016 - March 2017) there was a decline of 15% relative to the index. The worst absolute loss has been 18%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 78%.

Periods of worst performance

Absolute -18.00% (June 2018 - December 2018)
Relative -15.00% (January 2016 - March 2017)

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 August 2019

5.24% Discoverie Group Plc
4.32% Next Fifteen Communications Group
4.14% Ab Dynamics Plc
4.12% 4imprint Group Plc
3.97% Globaldata Plc
3.93% Alpha Finl Mkts Consulting Plc
3.75% Cvs Group Plc
3.43% Forterra Inc
2.99% Warehouse Reit Plc Ord 1p
2.86% Midwich Group Plc
Source: Trustnet

Sector breakdown

Industrials 38.00%
Consumer Services 26.00%
Financials 16.00%
Technology 8.00%
Health Care 4.00%
Consumer Goods 4.00%
Others 3.00%

Portfolio

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Key Investor Information

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