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Contact details

ManagerGroupLogo
PO Box 10410, Chelmsford, CM99 2AY
0844 931 0004 (Fax Number)
0845 607 2438 (Main Number)

online.marketing.uk@avivainvestors.com

Fund managers

* Philip Nell30-Sep-2007 to Present
 
view    
Gerardine Davies»01-Aug-2001 to 31-Aug-2007
Chris Laxton»01-Jan-2000 to 01-Sep-2001
Vince O'Brien»01-Jan-1996 to 01-Jan-2000


Investment objectives

The Fund aims to grow your investment and provide a level of income.The Fund typically invests up to 90% in commercial property in the UK and can invest up to 30% in property related shares. From time to time a level of cash is held in the Fund to enable property transactions and help meet withdrawal requests. The Fund may also invest in shares, bonds, gilts, and other funds and can also invest in other investments allowed under UK Fund rules.

Key Information

Fund vs sector

  1y 3y
Position 39 / 59 45 / 55
Quartile 3 4

Fund ratings

BLANKMstar OBSR
Analyst
(Qualitative)
n/aS&P Rating
(Qualitative)
FE Crown Rating: 1 FE Crown Rating
(Quantitative)

Ratios

  1y 3y
Volatility 0.81 4.88
Alpha -1.35 0.25
Beta 0.20 0.14
Sharpe 0.00 0.00
Info Ratio -3.33 -0.58
R2 0.35 0.02
Quartiles:   1  2  3  4   help with ratios
vs. Property»
performance chart
chart
    1y3y5y12m-24m24m-36m36m-48m48m-60m
INC +0.4+2.8-14.5-2.5+5.1+19.6-30.4
  PROPERTY   +9.4+17.8-5.8-1.8+9.7+18.0-32.3
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf AVIVA INV PROPERTY TRUST 2 ACC ACC 95.43 (p) 95.67 (p) 23-May-2013 n/a 0.74% I0XO B7RBQK6
pdf AVIVA INV PROPERTY TRUST 2 INC INC 95.43 (p) 95.67 (p) 23-May-2013 n/a 0.74% I0XP B7RBQM8
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf AVIVA INV PROPERTY TRUST 4 ACC ACC 95.34 (p) 100.62 (p) 23-May-2013 n/a 1.02% I0XE B8XBRZ9
pdf AVIVA INV PROPERTY TRUST 4 INC INC 95.38 (p) 100.66 (p) 23-May-2013 n/a 1.02% I0XF B8XC2D5
pdf AVIVA INV PROPERTY TRUST 1 ACC ACC 137.30 (p) 144.91 (p) 23-May-2013 2.70 1.37% NM40 3360648
pdf AVIVA INV PROPERTY TRUST 1 INC INC 102.82 (p) 108.52 (p) 23-May-2013 2.70 1.37% NU88 0648615

The Ongoing Charges Figure (OCF) shows the drag on performance caused by operational expenses associated with a fund.

Expenses which are represented by this figure include payments to the manager, the trustee the custodian and their representatives. The figure also includes registration, regulatory, audit and legal fees, and the costs of distribution.

Performance fees, transaction costs, interest on borrowing, costs associated with derivatives, entry and exit fees and soft commissions are not included in the OCF calculation, and should be factored in separately by the investor.

The OCF is calculated by taking the sum of these expenses incurred in the last 12 months and dividing this by the average net assets of that class for the last 12 months.

Total Expense Ratio (TER) is a formula designed to show the ongoing costs to the investor associated with a fund, including some charges which are not factored into the annual management fee. In addition the fund’s annual fee, charges such as trading fees, audit and legal fees, and operational expenses are included in the TER, which is worked out by dividing the total cost of the fund by its total assets to arrive at a percentage.

Unlike the Ongoing Charges Figure, the TER takes into account performance fees. It does not include transaction costs paid to the custodian.

Detailed fund information
Fund type flag UK Unit Trust
Own ISA wrapper Fund has ISA Wrapper help with ratios Fund size£1,430.8m / $2,156.8m (30-Apr-13)
Savings plan Fund has Savings Plan Minimum: £ 50.0 Monthly Launch02-Sep-1991
Pricing times12:00 Daily Dealing frequencyDaily
CAT standardCAT Standard Dealing timesMon-Fri 09:00 to 17:00
Minimum initial£ 1,000
Minimum additional£ 250
Initial charge5.00%
Annual management charge1.25%
Note to chargesn/a
Trustee / DepositaryCitibank International plc
RegistrarInternational Financial Data Services (UK) Ltd
Multi-Managern/a
Indexn/a
Dividend policyJun 01 (Final), Dec 01
Peer groups
Region Asset Class Investment Focus Sector
United Kingdom Property Leisure, Offices, Retail, Warehouse Property
Largest holdings, 30-Apr-2013
Holding (%) Rank Fund factsheet Equity factsheet
ST GEORGES SHOPPING CENTRE, PRESTON - - - -
OMNI LEISURE CENTRE, EDINBURGH - - - -
20 SOHO SQUARE, LONDON W1 - - - -
TESCO, KETTERING - - - -
LOMBARDY RETAIL PARK, HAYES - - - -
GUILDHALL SHOPPING CENTRE, EXETER - - - -
COLMORE GATE, 2 COLMORE ROW - - - -
BROADWAY PLAZA, BIRMINGHAM - - - -
161-167 OXFORD STREET, LONDON W1 - - - -
THE PRECINCT SHOPPING CENTRE, COVENTRY (SHOPPING CENTRE) - - - -
Total0.00 
Regional weightings, 30-Apr-2013
Region(%)Rank 
North & Scotland30.601 30.60% North & Scotland
Midlands & Wales18.402 18.40% Midlands & Wales
London15.503 15.50% London
South East14.404 14.40% South East
East & South West9.405 9.40% East & South West
Money Market7.506 7.50% Money Market
Property Shares4.207 4.20% Property Shares
Total100.00 
Sector weightings, 30-Apr-2013
Sector(%)Rank 
Retail - Property44.501 44.50% Retail - Property
Offices - Property22.202 22.20% Offices - Property
Other - Property12.203 12.20% Other - Property
Industrial - Property9.404 9.40% Industrial - Property
Cash and Equivalents7.505 7.50% Cash and Equivalents
Property Shares4.206 4.20% Property Shares
Total100.00 

All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated on a bid price to bid price basis (mid to mid for OEICs) with net income (dividends) reinvested. Performance figures are shown in Sterling unless otherwise specified.

 
 
 
 
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Martin Lodge Nov 02nd, 2011 at 02:21 PM

Fund Manager's profile says he is 'a module leader on the IPF's Investment Education Programme'............needs to focus on what my management fees are paying for without these distractions!

Reply
Hong Li May 26th, 2011 at 04:01 PM

You should get yourself another adviser if can't give you an explanation! Fund is now back to offer pricing.

Reply
Hong Li Apr 19th, 2011 at 07:31 AM

Sorry, I meant outflows exceeding inflows - i.e. contracting fund size.

Reply
Hong Li Mar 28th, 2011 at 11:09 AM

The fund moved from an 'offer' to 'bid' basis as inflows exceeded outflows. You should speak to your Financial Adviser for a further explanation on what is happening with the fund.

Reply
tffn Mar 29th, 2011 at 06:49 PM

Thanks for your explanation. That is what Aviva have now told me in a letter which I have just received, dated 24th March. I am sorry, but I should have made it clear in my original post, I did approach my advisers. They were not able to tell me anything, as Aviva had not announced anything. As far as I know, this is still the position.

I don't see why pertinent information like this should be held back from investors and advisors, and require individuals to pursue the company to get at the information.

Reply
tffn Mar 23rd, 2011 at 07:41 PM

It just gets worse. On Friday 18th March, the fund dropped nearly 5%. That means that this fund has suddenly lost over £80M. There is absolutely nothing reported by Aviva. I have searched everywhere for information with no luck.

Even Aviva themselves will not give out any definite information. I have asked to speak to someone dealing with fund and been refused. They say they will respond in writing. I am waiting!

How are you supposed to make any decision (other than the obvious)? If they treat investors like this, it must surely be too dangerous to stay.

I feel angry that they can sit there and get away with this contempt.

Reply
Brian Kennedy Nov 08th, 2010 at 05:17 PM

35% down for me. What are they doing? B.Kennedy

Reply
silver Apr 27th, 2009 at 01:32 PM

I have lost most my savings in this badly run fund.

The Managers appear to be asleep
at the wheel, don't they?

Regards, Mike Spenser.

Reply
Martin Lodge Jan 29th, 2010 at 04:19 PM

Me too. 32% loss thus far - useless!
M. Lodge

Reply
 

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Asset allocation

Property, 88.30%
88.3000% ofProperty
Money Market, 7.50%
7.5000% ofMoney Market
UK Equities, 4.20%
4.2000% ofUK Equities

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