Purposeful portfolios: Higher Income

Money Observer’s new series of four ‘purposeful portfolios’ are designed to address readers’ specific financial needs, with two growth-oriented portfolios and two targeting income requirements.

These notional £100,000 portfolios are run by financial experts and were launched on 1 April 2017; we run updates from the manager in the magazine every four months.

The Higher Income portfolio is designed for income-focused investors looking for a generous yield of around 5 per cent, if necessary utilising an element of capital growth. The underlying portfolio will aim to at least maintain its real value.

You can read the latest Higher Income update here.

Name Sector Month dividend paid Purchase price (p) Quantity bought Cost (£) Current value (£) Change since purchase (%) Change since last review (%) Current yield (%) Income received since last review (£) Total income received (£)
Artemis Global Income Global equity income Feb, Aug 101 9,937 10,036.37 10,114.28 1.14 -0.22 2.83 0.00 266.19
M&G Property Porfolio Sterling* Mixed inv 20-60% shares Jan, Apr, Oct, July 132 11,363 14,999.16 14,924.34 1.03 -1.25 2.89 88.74 88.74
Chelverton Small Cos Dividend Trust UK equity income Jan, Apr, Oct, July 228 4,385 9,997.80 10,789.47 7.89 -8.77 3.43 88.60 364.03
Legg Mason IF ClearBridge Global Equity Inc Global equity income Jan, Apr, Oct, July 142 7,047 10,006.74 10,253.70 2.54 -0.35 3.40 41.37 309.05
Miton Cautious Monthly Income Mixed inv 20-60% shares Monthly 132 11,367 15,004.44 15,285.22 1.90 -2.68 3.45 144.60 529.98
Invesco Perpetual European Equity Inc North American Jan, Apr, Oct, July 165 6,045 9,974.25 9,829.90 -3.22 -4.79 2.00 188.56 188.56
R&M UK Equity Income UK equity income April, Oct 525 1,903 9,990.75 10,091.37 0.91 -3.78 3.71 194.59 412.20
Rathbone Income^^ UK all companies April Oct 986 1,014 9,998.04 9,509.37 -4.91 -5.24 3.29 254.95 383.18
TR Property Inv Trust IT property - securities June, Dec 314 3,188 10,010.32 11,862.24 18.62 0.96 2.96 148.28 352.36
Axa Distribution**                   79.14 278.93
Neptune US Income***                   56.15 170.45
Woodford Equity Income ^ UK equity Income   105 9037 9509.37 9509.37 - - 3.81 - -
Total return 6.01% (inc income received)         102,659.89 2.66 -2.88 3.11 1,283.98 3,343.70

Notes: Inception date of the portfolio is 1 April 2017.
*Bought in trade 08/01/18.
** Sold in trade 08/01/18; income received since previous review.
*** Sold at previous review but income received on day of ejection.
^ Bought at this review.
^^ Sold at this review.
Source: Alan Steel Asset Management, as at 1 March 2018