Aviva Investors UK Listed Equity Income Fund 1 GBP Inc

ISIN

GB0004457197

Asset class

Equity

NAV

110.90 GBX (as at 31/03/2026)

View all funds

Fund overview

Objective: The Fund aims to deliver an income return in excess of the income of the FTSE® All-Share Index (the “Index”) over 3-year rolling periods, and provide an average annual net return greater than the Index over rolling 5-year periods, by investing in shares of UK companies.

Investments: At least 80% of the Fund is invested in shares of UK companies (incorporated or domiciled in the UK) or non UK companies which are listed in the UK or which have significant trading activities in the UK. The Fund may also invest in other shares, other funds, cash and deposits.

 

Strategy: The Fund is actively managed. The Investment Manager assembles a high-conviction portfolio of mature companies that benefit from a competitive position and high market entry barriers and appear to offer high dividend prospects.

For more details on the Fund specific risks, click here.

Share class currency
GBP
Return type (Inc / Acc)
Income
Share class
1
Minimum Investment
GBP 1,000
Fund size (as at 31/03/2026)
GBP 766.78m
Share class inception date
28/04/1989
Fund launch date
28/04/1989
Performance benchmark
FTSE AllSh TR GBP
Fund volatility
7.77
Benchmark volatility
7.62
SFDR
-
IA Sector
UK Equity Income
Distribution dates
16/10/2025
Income distribution frequency
Semi-Annually
Latest dividend
0.02

Historic yield

The historic yield reflects distributions declared over the past 12 months as a percentage of the share / unit price, on the date shown. This does not include entry charges and investors may be subject to further tax on their distributions.

3.15%

Underlying yield

This reflects the annualised income net of expenses of the fund as a percentage of the share price of the fund on the date shown. It does not include the deduction of entry charges and is the gross return before tax on distributions.

-

Distribution yield

This reflects the amount that is expected to be distributed over the next 12 months as a percentage of the share price of the fund on the date shown. It does not include the deduction of entry charges and is the gross return before tax on distributions. You may be subject to further tax on your distributions. The yield is not guaranteed.

-
Fund income (gross of charges and taxes)*
3.77%
Benchmark Income (gross of charges and taxes)*
3.16%

*The Fund aims to deliver an income return of at least 110% of the income return of the FTSE All Share Index over any given 12-month period.

Trading currency
GBX
NAV (as at 31/03/2026)
110.90
Daily change
1.60%
12 Months NAV high (as at 27/02/2026)
118.82
12 Months NAV low (as at 09/04/2025)
87.52
Valuation frequency
Daily
ISIN
GB0004457197
SEDOL
0445719
MEXID
NUUKEI
Bloomberg
NOREQII LN

Cumulative performance

Source: Morningstar

Past performance is not a guide to future performance
Basis: Mid to mid, net income reinvested, net of ongoing charges and fees, in the share class reference currency and net of tax payable by the Fund. For full details of the benchmark please see the PDF factsheet.

The Fund's performance is compared against the FTSE All Share Index.

Fund's performance not available between inception date and 30th September 2001.

Fund commentary

Summary review (as at February 2026)

The UK stock market produced impressive gains in February, with the FTSE 100 rising by just over 7%. Sentiment was buoyed by falling inflation, which renewed hopes of an interest-rate cut, while earnings momentum continued to be positive. The fund produced a positive return but underperformed the benchmark index over the month.

Fees and expenses

Fees %

Entry charge Entry charge

Entry charge

A one-off charge may be taken from your money before it is invested. The charge is usually a percentage of the amount invested and is additional to the price paid for the units/shares. The entry charge is deducted from the investment before units/shares are bought and is also known as the “initial charge”.

 0.00

Exit charge Exit charge

Exit charge

A one-off charge levied on redemption of units/shares before the proceeds of your investment are paid out. This is also known as a “redemption charge”.

 0.00

Ongoing charges Ongoing charges

Ongoing charges

The ongoing charge figure represents the costs you can expect to pay annually based on last year's expenses. The ongoing charges figure is made up of various elements such as the fund management fee, professional fees, audit fees and custody fees. Performance fees (if payable) are not included in this figure.

 0.99

Fund Management fee (included in Ongoing charge) Fund Management fee

Fund Management fee

The management fee is fixed rate charge to cover the costs of managing the investments of the fund. It accrues daily on a percentage of the fund's net asset value and deducted from the fund's assets.

 0.99

Performance fee Performance fee

Performance fee

The percentage of any outperformance of the hurdle rate and/or benchmark that will be taken as a performance fee.

 -

Portfolio

Portfolio stats (as at 28/02/2026)

Aviva Investors - Emerging Markets Bond Fund Iyh GBP Acc Portfolio stats
1 Year 3 Years 5 Years

Alpha

Indicates the excess return provided by the Fund over the benchmark.

 0.02 0.18 -2.70

Beta

A measure of the fund volatility in comparison to the market. A beta of less than 1 implies that the fund will be less volatile than the market whilst a beta greater than 1 implies the fund is more volatile than the market. As an example, a fund with a beta of 1.2 would be expected to rise to 1.2 if there was a 1 unit rise of the benchmark, or to fall 1.2 units if there was a 1 unit fall in the benchmark.

 0.92 0.88 1.03

Information ratio

A measure of the manager's ability to generate excess and consistent returns relative to the funds benchmark. The greater the IR, the more consistent a manager is.

 -0.64 -0.29 -0.64

Correlation (%)

Measures the extent to which the Fund and the benchmark move together, a correlation of 1 indicates the Fund matched the benchmark exactly.

 84.68 83.59 84.63

Sharpe ratio

A measure of the fund's risk-adjusted performance. The greater the fund's Sharpe ratio, the better its historical risk-adjusted performance has been. This ratio is best used to compare a number of funds rather than used in isolation for a single fund.

 2.29 0.96 0.68

Annualised volatility (%)

A measure of the funds dispersion of returns. A higher volatility implies that a fund's return is spread over a larger range of values whilst a lower volatility implies that a funds return is spread over a smaller range of values.

 8.19 9.00 11.22

Tracking error (%) *

A measure of how closely the fund follows its benchmark. A passive fund should have a tracking error close to zero, while an actively managed fund would normally have a higher tracking error.

 3.29 3.84 4.40

* The Fund is expected to have an average yearly tracking error of between 2% and 6% when compared to the FTSE All Share Index.

Read more about Stock style Stock style (as at 28/02/2026)

The Equity style box classifies holdings into market capitalization on the vertical axis (company size) and investment style on the horizontal axis (growth or value). This graphical representation is determined by attributing an investment style to each underlying holding, which is then summarised here for the overall fund.
A well-diversified fund doesn't necessarily require holdings across all styles, however, exposure across the Style Box does represent greater diversification.
Legend:
Val: Value
Core: Core
Gwt: Growth

Large: Group that accounts for the top 70% of the capitalization of the Morningstar domestic stock universe.
Medium: Group that accounts for the next 20% of the capitalization of the Morningstar domestic stock universe.
Small: Group that accounts for the bottom 10% of the capitalization of the Morningstar domestic stock universe.

Pie chart

Asset Allocation (as at 28/02/2026)

Bar chart

Asset Allocation (as at 28/02/2026)

Aviva Investors - Emerging Markets Bond Fund Iyh GBP Acc Portfolio stats
Name Maturity Country Fund (%)
1 AstraZeneca PLC - GBR 7.83
2 HSBC Holdings PLC - GBR 7.77
3 Unilever PLC - GBR 5.49
4 BP PLC - GBR 4.50
5 Lloyds Banking Group PLC - GBR 4.08
6 Shell PLC - GBR 3.88
7 GSK PLC - GBR 3.85
8 Rio Tinto PLC Ordinary Shares - GBR 3.27
9 Rolls-Royce Holdings PLC - GBR 2.89
10 Glencore PLC - SGP 2.79

Risks

Investment Risk
The value of an investment and any income from it can go down as well as up. Investors may not get back the original amount invested.

Full information on risks applicable to the Fund are in the Prospectus and the Key Investor Information Document (KIID).

Ongoing Charges

This Share Class integrates Economies of Scale discounts to the Fund Management Fee (“FMF”) which is a component of the Ongoing Charge Figure. Consequently, when a Fund reaches a certain size (a pre-defined “trigger point”) a discount will automatically apply to the FMF. However, at all other times the FMF will be charged at the rate as set out in the Fund's prospectus. For further details on the Economies of Scale discounts and the trigger points at which they apply, please refer to the Fund's prospectus.

Management

  • Company name

    Aviva Investors UK Fund Services Limited

  • Legal structure

    Open Ended Investment Company

  • Head office

    80 Fenchurch Street,
    London,
    United Kingdom,
    EC3M 4AE

  • Ucits

    Yes

Fund managers

Fund manager

Kunal Kothari

Manager start date

19 Feb 2024

Biography

Kunal is responsible for the UK Equity Income strategy and within the UK Equities team also has lead analyst responsibilities for the Consumer Discretionary sector. Prior to joining Aviva Investors, Kunal was a Deputy Fund Manager at Columbia Threadneedle Investments on the CT UK Fund, and lead manager on two segregated mandates. He began his career at Schroders on the Pan Euro Small & Mid Cap equity team and subsequently worked at Santander Asset Management and Merian Global Investors (now Jupiter) on UK All Companies strategies including UK Equity Income, UK Alpha and UK Long/Short. Kunal graduated from the University of Warwick in 2007 with a M.Eng. in Electrical Engineering with First Class Honours and is a CFA Charterholder.

Registered countries

  • United Kingdom

Documents

Important information

Unless stated otherwise the source for all performance, portfolio and fund breakdown data is Morningstar. This information does not constitute advice or a recommendation. If you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Care is taken to ensure that the information provided by Morningstar is correct but it neither warrants, represents nor guarantees the contents of the information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein.

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