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Aviva High Yield Series 1

Equity

Equity Global

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. 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
FocusGlobal

Risk rating

1

2

3

4

5

6

7

What Aviva says about Risk 5 fundsMedium to HighFunds typically investing in shares of companies in the UK or a mix of major stock markets around the world. Potential for good returns over the long term, but values will go up and down with significant risk of loss.
2247.90

EUR

+639.96 (+39.80%) 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%

Fund insights

Detailed information extracted from the fund factsheet.

ESG & sustainability

ESG considerations are built into the fund.

Frequently asked questions

Common questions about Aviva High Yield Series 1.

The High Yield Equity Fund Series 1 invests in a concentrated portfolio of global equities, usually holding between 37 and 45 companies. It focuses on businesses with strong cash generation, robust balance sheets and a proven ability to grow dividends over time. The fund can also invest up to 10% in stocks that are not in its benchmark.

The High Yield Equity Fund Series 1 aims to grow capital and income over the long term while targeting income of at least 125% of its benchmark. It is actively managed and the investment manager seeks to deliver up to 2% more return than the benchmark. This means the manager is making deliberate stock choices rather than just tracking the market.

The High Yield Equity Fund Series 1 is designed for investors with a long-term horizon. Its equity focus means it is exposed to market fluctuations, which means the value of the investment can rise and fall with stock markets. Investors should also be comfortable with the possibility of currency risk, meaning exchange rate moves can affect returns when the fund holds overseas companies.

The High Yield Equity Fund Series 1 uses a high-conviction, disciplined process that looks for companies with strong cash generation, strong balance sheets and reliable dividend growth. It also integrates ESG considerations into the investment process. The fund is aimed at combining income and capital growth rather than just seeking broad market exposure.

The main risks of the High Yield Equity Fund Series 1 include market fluctuations, counterparty risk, liquidity risk, derivatives risk and currency risk. Counterparty risk means another party to a financial contract could fail to meet its obligations, while liquidity risk means some investments may be harder to sell quickly at a fair price. Because the fund invests globally in equities, these risks can affect both income and capital values.

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Aviva High Yield Series 1

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