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 Purchase price (p) Quantity bought Cost (£) Current value (£) Change since purchase* (%) Change since last review (%) Current yield (%) Income received since last review (£) Total return since last review (%)
NB Short Duration Emerging Market Debt Fixed interest - em mkts 904 668 6,079 6,073 -0.1 1.1 3.7 70.48 2.3
24 Core Corporate Bond n/a 102 9012 9,237 9,127 -1.1 0.3 3.1 75.36 1.1
24 Focus Bond n/a 104.9 8880 9,237 9,081 -1.7 0.9 4.3 209.27 0.9
Semper Strategic Focus High Yield Fixed int - USD high yld 9986 60 6,028 5,856 -2.9 -1.9 6.5 108.24 0
24 Asset Backed Income Specialist 122 4984 6,080 5,942 -2.2 -0.8 6.3 178.73 -0.8
Artemis Income UK equity income 255 4327 11,030 10,169 -7.8 -0.5 4.4 0 1.5
Schroder Income Maximiser UK equity income 55 21444 11,683 11,075 -5.2 -0.7 7 231.37 0.7
L&G US Index Trust n/a 433 1232 5,162 5,042 -2.3 -1.4 1.4 0 -0.6
GS Japan Equity Portfolio Japan 1392 262 3,576 3,288 -8.1 -2 0.9 0 -1.3
Artemis Global Income Global equity income 105 11320 11,682 10,401 -11.0 -2 3.5 0 0.7
Legg Mason Rare Global Infrastructure Inc Global equity income 98.8 5712 5,542 5,842 5.4 10.1 5 97.04 11.5
Schroder Asian Income Maximiser Asia Pacific ex Japan 58 11600 6,711 6,350 -5.4 3.2 7 150 4.9
Ashmore Emerging Market Total Return Fixed interest -em mkts 58 65 6,131 6,093 -0.6 4.1 6 46.71 6.1
TM Fulcrum Income Targeted abs return 96 64 6,107 5,931 -2.9 2.5 5 49.95 4.3
Cash   96.6   4,347 4,347   - - 0 0
Total       108,634 104,617 -3.7 -0.7 4.5 £1,217.15  
Portfolio value inc cash income received **         107,017 -1.4 1.7      

Notes: *Portfolio manager change in August 2018 involved complete change of portfolio, so purchase date was 1 August 2018. **Total cash income since purchase £2,399. Source: Psigma Investment Management, as at 28 February 2019.