Purposeful portfolios: Regular 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 Regular Income portfolio, run by James Brumwell, an investment trust specialist, is designed for retirees looking to produce a steady, regular income flow through the year, with an element of capital growth to keep ahead of inflation. It is updated in Money Observer each June, October and February.

You can read the latest Regular Income update here.

Name Sector Purchase price (£) Quantity bought Value at inception (£) Current value (£) Change since last update (%) Change since inception (%) Current yield (%) Income received since inception (£) Total return since inception (%) Total return since inception (£)
Invesco Perpetual Enhanced Income Equity & bond inc 79  9,000   7,110   6,480  -3.36 -8.99 6.32 450 2.07 147.5
CQS New City High Yield Fund Equity & bond inc 62.25  11,500   7,158   6,520  -6.28 -9.04 7.11 509 3.55 254.5
TwentyFour Income Fund IT debt 120  5,500   6,610   6,215  -8.5 -5.98 6.02 397 -1.21 -79.85
F&C Commercial Property* Property - globe 144.5  5,000   7,225   6,905  -7     300    
General Accident 8.875% Cumulative** Pref (insurance) 151.5  4,750   7,196   6,59  -5.91     421    
Nat West 9% Series A Non Cum Preference (bank) 140  5,150   7,210   7,132 -10.06 -1.7 6.39 463 7.88 571.95
JPMorgan Global Growth & Inc Inter'l equity inc 292  2,400   7,008   6,864  -1.86 -2.68 4.2 296 3.27 230.72
Murray International Inter'l equity inc 1,215.00  575   6,986   6,509  -0.7 -7.43 4.21 296 -0.26 -18.42
Scottish American Inter'l equity inc 334  2,100   7,014   7,371  -9.77 4.42 3.39 239 10.27 725.12
City of London UK equity income 416.5  1,700   7,080   6,545  -10.05 -8.15 4.34 309 -0.79 -56.45
Merchants UK equity income 471.5  1,500   7,072   6,885  -11.05 -3.27 5.35 381 5.96 424.14
Aberdeen Standard Equity Income^ UK equity income 411  1,200   4,932   4,764  -17.89 -4.02 4.64 230 3.84 190.78
Finsbury Growth & Income UK equity income 694  850   5,899   6,400  -11.83 5.89 2.15 130 9.69 585.73
RIT Capital Partners Flexible strategy 1,875.00  310   5,812   5,921  -9.48 0.34 1.63 96 3.43 202.54
Scottish Mortgage Global capital growth 366  1,280   4,684   5,977  -17.05 17.23 0.77 39 18.77 956.94
Balf Beatty 10.75% Conv Pref 1/07/2020*** Pref (construction) 111.12  6,500   7,268   6,987  -3.87 -3.87 5.14 373 -3.87 -281.41
HICL Infrastructure **** Infrastructure  155.2  4,000   6,218   6,308  1.45 1.45 5.11 318 2.74 170.4
Total            -9.73 -2.18 4.68   4.06  

Notes:Portfolio inception 1 April 2017. Last update October 2018. *sold 10/10/18. ** sold 10/10/18. *** purchased 10/10/18. **** purchased 10/10/18. ^ renamed from Standard Life Equity Income. Source: Interactive Investor, as at 31 December 2018