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Aviva High Yield Equity Fund

Equity

Equity Global

Fund Strategy The investment manager follows an integrated, disciplined, and high-conviction investment process focusing on companies with cash generative businesses, strong balance sheets and that have a proven track record of growing their dividend over time. The fund is actively managed whereby the investment manager aims to achieve a return of up to 2% in excess of the benchmark. The fund invests in a concentrated pool of stocks holding between 37 and 45 companies and can invest up to 10% of the value of the fund in non-benchmark stocks. ESG considerations are built into the fund and the fund is compliant with Article 8 of SFDR.

To grow the investment through a combination of income and capital growth over the long term, whilst aiming to deliver an income equivalent of at least 125% of that of the benchmark. The benchmark of the fund is the MSCI All Country World Index EUR TR.

StatusOpen for Investment
Fund size€1.68B
SFDRArticle 8
ManagerRichard Saldanha, Ed Kevis
FocusAll Country World

Risk rating

1

2

3

4

5

6

7

What Aviva says about Risk 6 fundsHighFunds typically investing in high-risk sectors such as shares of companies in developed overseas markets. High potential for long-term returns but large day-to-day changes in value.
794.20

EUR

+211.94 (+36.40%) past 3 year

as of 19 May 2026
Asset Split

Info Tech

20.2%

Industrials

20.1%

Financials

15.2%

Healthcare

10.1%

Consumer Staples

9.4%

Consumer Disc

6.9%

Utilities

5.6%

Communication

4.5%

Other

4.4%

Materials

3.6%

Top Holdings
#1
BROADCOM INC

BROADCOM

#2

AXA SA

#3
MICROSOFT CORP

MICROSOFT

#4
SIEMENS N AG

SIEMENS

#5
TAIWAN SEMICONDUCTOR MANUFACTURING ADR

TAIWAN SEMICONDUCTOR MANUFACTURING

#6
DEUTSCHE TELEKOM N AG

DEUTSCHE TELEKOM

#7

AUTOMATIC DATA PROCESSING

#8
ENEL

ENEL

#9
NATIONAL GRID PLC

NATIONAL GRID

#10

MUENCHENER RUECKVERSICHERUNGS-GESE

Asset Breakdown

US Equities

41.25%

Euro (ex Ireland) Equities

30.22%

GB

UK Equities

13.76%

Other

9.28%

Europe (ex Euro ex UK) Equities

5.49%

Geographic Allocation
US

United States

41.50%

GB

United Kingdom

13.89%

FR

France

11.17%

DE

Germany

10.58%

Other

5.19%

CH

Switzerland

4.79%

NL

Netherlands

4.70%

TW

Taiwan

3.20%

Sector Breakdown

Consumer, Non-cyclical

21.40%

Financial

20.80%

Consumer, Cyclical

13.90%

Industrial

13.00%

Communications

11.60%

Technology

9.50%

Energy

4.70%

Basic Materials

4.50%

Fund insights

Detailed information extracted from the fund factsheet.

Managed by Aviva Investors

Derivatives

Derivatives Risks

ESG & sustainability

ESG considerations are built into the fund and the fund is compliant with Article 8 of SFDR.

Frequently asked questions

Common questions about Aviva High Yield Equity Fund.

The High Yield Equity Fund Series C invests mainly in global equities, with some exposure to cash and bonds. It focuses on companies with cash-generative businesses, strong balance sheets, and a proven record of growing their dividends over time. The fund is concentrated, typically holding between 37 and 45 stocks, and it can also invest up to 10% in non-benchmark holdings.

The High Yield Equity Fund Series C aims to grow capital and income over the long term while targeting an income equivalent to at least 125% of its benchmark. It is actively managed and the manager also aims to achieve up to 2% excess return versus the benchmark. This means the fund is trying to do better than the index rather than simply track it.

Yes, the High Yield Equity Fund Series C has an all-country world focus and uses the MSCI All Country World Index EUR TR as its benchmark. Its holdings are spread across regions including the United States, Europe, Taiwan and Hong Kong. This gives investors exposure to companies from multiple markets rather than just one country.

The High Yield Equity Fund Series C combines an income focus with a disciplined stock selection process and ESG considerations built into the fund. It looks for companies with strong balance sheets and dividend growth rather than simply chasing the highest current yield. The fund also follows an Article 8 ESG approach, meaning sustainability characteristics are part of how it is managed.

The High Yield Equity Fund Series C carries risks including market fluctuations, liquidity risk, counterparty risk, derivatives risk and currency risk. Market fluctuations mean the value of the fund can rise and fall, while currency risk means overseas investments may be affected when exchange rates move. Capital and returns are not guaranteed, so investors could get back less than they invested.

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Aviva High Yield Equity Fund

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