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.

Fund Sector Purchase price (p) Quantity bought Cost (£) Current value (£) Change since purchase (%) Change since last review (%) Current yield (%) Income received since last review (£) SEDOL
NB Short Duration Emerging Market Debt Fixed Interest - emerging markets 904 668 6,078.80 6,005.24 -0.17 -0.17 3.7 69.93 BDZRXG3
24 Core Corporate Bond n/a 102 9,012 9,237.30 9,056.59 -0.28 -0.28 3.1 74.99 BDD0M01
24 Focus Bond n/a 104.9 8,880 9,236.98 9,003.40 -0.28 -0.28 4.3 210.96 B7J5ND8
Semper Strategic Focus High Yield Fixed interest - USD high yield 9986 60 6,028.20 5,970.84 -0.13 -0.13 6.5 106.56 BD5FNH8
24 Asset Backed Income Specialist 122 4,984 6,080.48 5,991.24 1.4 1.4 6.3 178.57 B987629
Artemis Income UK equity income 255 4,327 11,030.39 10,209.01 -7.3 -7.3 4.4 0 B2PLJJ3
Schroder Income Maximiser UK equity income 55 21,444 11,682.69 11,258.16 -2.41 -2.41 7 233.57 B53FRD8
L&G US Index Trust n/a 433 1,232 5,162.08 5,126.49 -0.6 -0.6 1.4 0 BG0QPK4
GS Japan Equity Portfolio Japan 1392 262 3,576.30 3,354.53 -6.47 -6.47 0.9 0 BDGNHS0
Artemis Global Income Global equity income 105 11,320 11,682.24 10,681.59 -8.87 -8.87 3.5 0 B5N9956
Legg Mason Rare Global Infrastructure Income Global equity income 98.8 5,712 5,542.35 5,308.06 -2.52 -2.52 5 98.77 BD3FVQ5
Schroder Asian Income Maximiser Asia Pacific ex Japan 58 11,600 6,710.60 6,157.23 -6.33 -6.33 7 149.78 B52QVQ3
Ashmore Emerging Market Total Return Fixed interest -emerging markets 58 65 6,131.45 5,855.33 -3.03 -3.03 6 47.91 BPRBMV5
TM Fulcrum Income Targeted absolute return 96 64 6,106.88 5,786.69 -4.13 -4.13 5 50.73  
Cash n/a n/a   4,347.00 4,347.16 - - - 0 BF8F711
Total       108,633.74 £105,328.67 -3.1*   4.5 £1,221.77  

Note: *Total return since change of manager on 1 August 2018. TR since inception is 5.3%. Source: Psigma Investment Management, as at 31 October 2018.