Value Div Fcst Share Epic Sector %Total %Total Yield BP BP Oil & Gas Producers 2.20% 2.52% 4.90% AstraZeneca AZN Pharmaceuticals & Biotechnology 1.31% 0.73% 2.40% Aviva AV Life Insurance 2.77% 3.50% 5.40% BAE Systems BA Aerospace & Defence 1.77% 1.86% 4.50% Bodycote BOY Industrial Engineering 1.44% 0.78% 2.30% British American Tobacco BATS Tobacco 2.43% 4.48% 7.90% BT Group BT-A Fixed Line Telecommunications 2.47% 2.66% 4.60% City of London Inv Trust CTY IT - UK Equity Income 7.19% 8.07% 4.80% Diageo DGE Beverages 3.06% 1.29% 1.80% F and C Investment Trust FCIT IT - Global. 2.52% 0.77% 1.30% Galliford Try GFRD Construction & Materials 0.30% 0.18% 2.60% GlaxoSmithKline GSK Pharmaceuticals & Biotechnology 1.96% 2.24% 4.90% Henderson Far East Income Ltd. HFEL IT - Asia Pacific Income 2.44% 4.50% 7.90% HICL Infrastructure Company Lt HICL IT - Infrastructure 2.80% 3.08% 4.70% HSBC Holdings HSBA Banks 1.81% 1.73% 4.10% Imperial Brands IMB Tobacco 3.49% 7.10% 8.70% ITV ITV Media. 0.52% 0.39% 3.20% Law Debenture Corp. LWDB IT - UK Equity Income 2.64% 2.10% 3.40% Legal and General Group LGEN Life Insurance 4.01% 5.81% 6.20% Marston's MARS Travel & Leisure 1.72% 0.00% 0.00% Merchants Trust MRCH IT - UK Equity Income 2.49% 2.85% 4.90% Middlefield Canadian Income PC MCT IT - North America 0.98% 0.00% 0.00% Morgan Advanced Materials MGAM Electronic & Electrical Equipment 1.97% 1.06% 2.30% Murray International Trust MYI IT - Global Equity Income 2.70% 2.96% 4.70% National Grid NG Multiutilities. 3.43% 3.85% 4.80% Persimmon PSN Household Goods & Home Construction 2.70% 5.18% 8.20% Rio Tinto RIO Mining. 1.94% 7.10% 15.70% RIT Capital Partners RCP IT - Flexible Investment 1.79% 0.54% 1.30% River And Mercantile UK Micro RMMC IT - UK Smaller Companies 1.50% 0.00% 0.00% Rotork ROR Industrial Engineering 1.32% 0.56% 1.80% Royal Dutch Shell 'B' RDSB Oil & Gas Producers 2.90% 2.71% 4.00% Schroders (Non-Voting) SDRC Financial Services 2.60% 2.98% 4.90% SEGRO SGRO Industrial & Office REITs 3.10% 1.23% 1.70% Smith (DS) SMDS General Industrials 0.91% 0.80% 3.80% Temple Bar Inv Trust TMPL IT - UK Equity Income 1.05% 0.86% 3.50% Unilever ULVR Food Producers 1.59% 1.38% 3.70% Vesuvius VSVS General Industrials 0.83% 0.83% 4.30% Vistry Group VTY Household Goods & Home Construction 2.16% 2.62% 5.20% Vodafone Group VOD Mobile Telecommunications 1.40% 2.22% 6.80% Witan Inv Trust WTAN IT - Global. 1.14% 0.59% 2.20% WPP WPP Media. 3.06% 1.93% 2.70% Alliance Trust ATST IT - Global. 1.14% 0.37% 1.40% Caledonia Investments CLDN IT - Flexible Investment 2.25% 0.79% 1.50% International Biotec Trust IBT IT - Biotechnology & Healthcare 1.61% 1.43% 3.80% JPMorgan European Inv Trust In JETI IT - Europe. 0.30% 0.00% 0.00% Monks Inv Trust MNKS IT - Global. 0.61% 0.01% 0.10% Scottish Mortgage Inv Trust SMT IT - Global. 1.76% 0.12% 0.30% Reckitt Benckiser Group RKT Household Goods & Home Construction 1.91% 1.21% 2.70% Running Yield: 4.28%
Value Div
Sector %Total %Total
Oil & Gas Producers 5.10% 5.24%
Pharmaceuticals & Biotechnology 3.27% 2.98%
Life Insurance 6.78% 9.31%
Aerospace & Defence 1.77% 1.86%
Industrial Engineering 2.76% 1.33%
Tobacco 5.92% 11.58%
Fixed Line Telecommunications 2.47% 2.66%
IT - UK Equity Income 13.38% 13.88%
Beverages 3.06% 1.29%
IT - Global. 7.18% 1.87%
Construction & Materials 0.30% 0.18%
IT - Asia Pacific Income 2.44% 4.50%
IT - Infrastructure 2.80% 3.08%
Banks 1.81% 1.73%
Media. 3.57% 2.32%
Travel & Leisure 1.72% 0.00%
IT - North America 0.98% 0.00%
Electronic & Electrical Equipment 1.97% 1.06%
IT - Global Equity Income 2.70% 2.96%
Multiutilities. 3.43% 3.85%
Household Goods & Home Construction 6.77% 9.01%
Mining. 1.94% 7.10%
IT - Flexible Investment 4.04% 1.33%
IT - UK Smaller Companies 1.50% 0.00%
Financial Services 2.60% 2.98%
Industrial & Office REITs 3.10% 1.23%
General Industrials 1.73% 1.64%
Food Producers 1.59% 1.38%
Mobile Telecommunications 1.40% 2.22%
IT - Biotechnology & Healthcare 1.61% 1.43%
IT - Europe. 0.30% 0.00%
Note: 1...'Value %Total' is the portfolio value of the share as a % of the total portfolio
2...'Div %Total' is the expected dividend of the share based on forecast yield
as a % of the total portfolio expected dividend
Note that a couple of the above yields are reported incorrectly (MCT, JETI). The HYPTUSS tool created by Kiloran & IAAG is superb and very helpful, but I don't always have it up to date.I reviewed my portfolio and positioning yesterday, and made some changes.
This is slightly complicated by the fact that this portfolio is roughly split 60:40 between a SIPP and an ISA, and I have slightly differing objectives for the two different bits. I have now retired, am am drawing income from the SIPP, and want it to generate cash to drawdown, whereas the ISA is there to cover exceptional expenditure (support for kids to get independent) and later to cover any care home fees.
The tweaking that I did yesterday amounted to less than 5% of the total, and was restricted to the SIPP portion. The changes that I made were largely to increase the higher yielding/lower rated stocks and improve the cash generation.
I reduced my position in FCIT by a third, and funnelled the proceeds into CTY.
I trimmed positions in ITV & MGAM (both bought when I was trying to improve the diversity of the portfolio) and put the proceeds into IMB, which is yielding 8.7%, and on a PE of just over 6.
The reasoning is largely that if we get an inflation /interest hike induced crash, these lowly rated but dependable cash generators will be hit less badly than flashier growth prospects.