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Aviva US Equity Income II

A differentiated US equity income fund, attempting to generate a competitive yield with a low volatility.

Overview

The Aviva Investors US Equity Income Fund II follows the Dividend All-Cap Value II Strategy, investing within a subset of North American equities that yield in excess of 2%. The fund does not solely focus on large-cap value companies to produce an income and instead attempts to fund value further down the market capitalisation spectrum. These companies will typically be well-managed, financially strong and generate predictable and sustainable cash flows.

We like the fund as it consistently produces a competitive yield compared to peers, and is managed by an extremely experienced team based in Kentucky, US. We believe the fund differentiates itself from other US equity income funds by investing in small and mid-sized companies in addition to large-cap value plays.

Fund type: Asset class: Sector:
OEIC Equities US

Fund Manager: Henry Saunders & Thomas Forsha

Henry Saunders is a Lead Portfolio Manager for River Road’s Dividend All-Cap Value portfolios. Prior to co-founding River Road in 2005, Henry was a portfolio manager at Commonwealth Trust Co. as well as previously working at Bridges Capital Management and PRIMCO Capital Management. He has also served as an adjunct professor of Finance and Economics at Bellarmine University.

Thomas Forsha is the co-Chief Investment Officer at River Road, as well as portfolio manager for the firms Dividend All-Cao Value portfolios. Prior to joining River Road in 2005, Thomas was an equity analyst and portfolio manager at ABN AMRO Asset Management USA< where he was responsible for the management of the North American equity allocation of the firms Global High Income Equity fund.

Fund Group: Aviva Investors

Aviva Investors is a global asset management business that provides solutions for clients including local government, pension funds, wholesale and retail banks, insurance companies, charities and private wealth managers. They are 100% owned by Aviva plc, which was created from the merger of CGU plc and Norwich Union plc in May 2000, one of the UK’s largest insurance companies. It was not until September 2008 that the trading name was changed to Aviva Investors.  Aviva Investors currently has approximately £267 billion of assets under management (as at 30 June 2015).