DaveH's HYP review
Posted: January 2nd, 2019, 2:07 pm
This is an update of my HYP. Earlier updates were on the TMF boards (but may well have been lost with the board closures, there were links in 2016’s update). My update for 2016 and 2017 can be found here:
https://www.lemonfool.co.uk/viewtopic.php?f=15&t=2365
https://www.lemonfool.co.uk/viewtopic.php?f=56&t=9330
Executive Summary
Performance in income terms was satisfactory with income increasing beyond inflation for all measures. Income rose by 8.40% for accumulation units and 3.39% for income units. In cash terms the income was up by 9%. Capital performance was dire though with a fall of -11.7% and -16.0% in unit value for accumulation an income units respectively
Details and Commentary
Portfolio Constituents
Sector Breakdown
This year I have topped up South32, IAPD (high yield Asia/Pacific ETF) BP, Lloyds Bank, BT, Dixons Carphone and I took up GFRDs rights issue. I top sliced SEGRO as it was making up too high a percentage of my income capital and bought VVAL (an accumulating value ETF) with the proceeds as a place to hold the cash until next year’s ISA allowance is available*.
I have also done a number of bed and ISA trades to bring my dividend income in taxable accounts below £2000. Bed and ISA transactions were: SSE, BT.A, GSK, LLOY, GFRD, UU. I generally bought a similar number of shares in the ISA to those sold in the taxable account the only significant increase in the holding size was for BT.
I have invested almost no new money this year as
1) I am trying to get as much of my dividend income into ISA’s as possible before the dividend allowance is reduced to £2000. (I have succeeded unless there is a large special dividend before the end of the tax year in the wrong share).
2) I’m worrying about Brexit and the direction of the markets due DT’s idiocy with trade wars.
3) I’m rebuilding cash savings after changing my car and doing work on the house.
But I have reinvested almost all dividends (there is a couple of grand in cash yet to be invested not sure when or where yet, maybe in one of the ETFs or into an all-world ETF.
* That was a mistake as, although it is an accumulating fund, being value orientated it receives significant dividends and these need to be reported as income. Fortunately as long as I don’t hold in a taxable account on 31st June 2019 no income needs to be reported.
Performance
The portfolio was unitised from September 2003 and the details are shown below.
Capital Performance (dividends reinvested) Accumulation units and Income units
Income Performance
https://www.lemonfool.co.uk/viewtopic.php?f=15&t=2365
https://www.lemonfool.co.uk/viewtopic.php?f=56&t=9330
Executive Summary
Performance in income terms was satisfactory with income increasing beyond inflation for all measures. Income rose by 8.40% for accumulation units and 3.39% for income units. In cash terms the income was up by 9%. Capital performance was dire though with a fall of -11.7% and -16.0% in unit value for accumulation an income units respectively
Details and Commentary
Portfolio Constituents
Sector Breakdown
This year I have topped up South32, IAPD (high yield Asia/Pacific ETF) BP, Lloyds Bank, BT, Dixons Carphone and I took up GFRDs rights issue. I top sliced SEGRO as it was making up too high a percentage of my income capital and bought VVAL (an accumulating value ETF) with the proceeds as a place to hold the cash until next year’s ISA allowance is available*.
I have also done a number of bed and ISA trades to bring my dividend income in taxable accounts below £2000. Bed and ISA transactions were: SSE, BT.A, GSK, LLOY, GFRD, UU. I generally bought a similar number of shares in the ISA to those sold in the taxable account the only significant increase in the holding size was for BT.
I have invested almost no new money this year as
1) I am trying to get as much of my dividend income into ISA’s as possible before the dividend allowance is reduced to £2000. (I have succeeded unless there is a large special dividend before the end of the tax year in the wrong share).
2) I’m worrying about Brexit and the direction of the markets due DT’s idiocy with trade wars.
3) I’m rebuilding cash savings after changing my car and doing work on the house.
But I have reinvested almost all dividends (there is a couple of grand in cash yet to be invested not sure when or where yet, maybe in one of the ETFs or into an all-world ETF.
* That was a mistake as, although it is an accumulating fund, being value orientated it receives significant dividends and these need to be reported as income. Fortunately as long as I don’t hold in a taxable account on 31st June 2019 no income needs to be reported.
Performance
The portfolio was unitised from September 2003 and the details are shown below.
Capital Performance (dividends reinvested) Accumulation units and Income units
Income Performance