Chester from TMF recently wrote an article on Investment Trusts : http://www.fool.co.uk/news/investing/2011/09/26/rich-pickings-for-income-seekers.aspx
Torygraph also wrote an article today : Investing for income: 15 investment trusts that held or raised dividends for 25 years
The table below shows the portfolio yields on the start date, on the date of the first anniversary review, and today.
| Company | Yield (%) 9/3/10 | Yield (%) 9/3/11 | Yield (%) 23/9/11 | Current share price |
|---|---|---|---|---|
| Bankers (LSE: BNKR) | 3.0 | 2.9 | 3.5 | 360p |
| City of London (LSE: CTY) | 4.7 | 4.5 | 5.1 | 261p |
| F&C Capital & Income (LSE: FCI) | 3.9 | 3.8 | 4.3 | 201p |
| Invesco Income Growth (LSE: IVI) | 4.9 | 4.7 | 4.9 | 184p |
| JPMorgan Claverhouse (LSE: JCH) | 4.0 | 3.7 | 4.7 | 371p |
| Merchants Trust (LSE: MRCH) | 6.3 | 5.7 | 6.4 | 357p |
| Murray Income (LSE: MUT) | 5.0 | 4.6 | 5.0 | 578p |
| Schroder Income Growth (LSE: SCF) | 4.9 | 4.7 | 5.1 | 181p |
| Scottish American (LSE: SCAM) | 4.5 | 3.9 | 4.5 | 209p |
| Temple Bar (LSE: TMPL) | 4.1 | 3.8 | 4.6 | 822p |
| AVERAGE | 4.5 | 4.2 | 4.8 |
The above table is from Chester's article.
I have decided to look at the largest holdings for some of these funds :
JPMorgan Claverhouse Investment Trust plc
| 10 largest holdings | (as at 31/08/2011) | |
|---|---|---|
| Holding | Sector | Weight |
| Royal Dutch Shell | Oil & Gas | 9.0% |
| HSBC Holdings | Financials | 6.1% |
| Vodafone | Telecommunications | 5.6% |
| BP | Oil & Gas | 5.3% |
| GlaxoSmithKline | Health Care | 4.2% |
| Rio Tinto | Basic Materials | 4.1% |
| AstraZeneca | Health Care | 3.5% |
| BHP Billiton | Basic Materials | 3.2% |
| British American Tobacco | Consumer Goods | 2.7% |
| BG… |
