Top-up Income Cost
Rank EPIC Rank EPIC % Income Rank Epic % Cost
1 IMB* 1 LGEN 6.38% 1 AV. 4.65%
2 BP.*+ 2 BATS 5.86% 2 PSON 4.34%
3 VOD* 3 BP. 5.66% 3 BP. 4.33%
4 LGEN* 4 IMB 5.19% 4 RDSB 4.32%
5 BATS* 5 RIO 4.98% 5 LLOY 4.28%
6 RDSB+ 6 SSE 4.89% 6 MARS 4.23%
7 RIO* 7 ADM 4.67% 7 GSK 4.12%
8 GSK* 8 VOD 4.62% 8 BT.A 4.07%
9 MKS° 9 GSK 4.52% 9 MKS 3.91%
10 AV.*+ 10 NG. 4.50% 10 PHP 3.70%
11 BHP 11 AV. 4.33% 11 S32 3.61%
12 MARS+° 12 BA. 4.10% 12 TSCO 3.56%
I am still abiding by my rule not to top up any share if, by doing so, its share of dividend income or portfolio cost exceeds 5%. That means that about 4.2% is the cut off point for disqualification. The first 11(*) of income contributors are therefore disqualified as are the first 6, ranked by share of cost (+). I am also not topping up shares which do not pay a dividend at the moment (°). The list is marked accordingly. BHP and TATE (in 14th position) therefore are the current eligible holdings for topping up.
My portfolio now looks like this:
Value
Rank EPIC Weight % Median
1 ULVR 3.55% 116.9%
2 NG. 3.40% 112.1%
3 ADM 3.37% 111.0%
4 DGE 3.34% 109.9%
5 UU. 3.32% 109.4%
6 AZN 3.29% 108.5%
7 PHP 3.27% 107.5%
8 BA. 3.25% 107.0%
9 SSE 3.25% 107.0%
10 WMH 3.23% 106.3%
11 KGF 3.22% 106.2%
12 IMI 3.19% 105.2%
13 TSCO 3.18% 104.6%
14 BHP 3.16% 104.2%
15 GSK 3.15% 103.7%
16 AV. 3.13% 103.1%
17 RIO 3.08% 101.6%
18 TATE 3.04% 100.2%
19 PSON 3.03% 99.8%
20 RB. 2.98% 98.0%
21 SGRO 2.92% 96.0%
22 BATS 2.81% 92.5%
23 LGEN 2.74% 90.4%
24 SMDS 2.67% 87.9%
25 S32 2.63% 86.5%
26 VOD 2.51% 82.8%
27 BLND 2.41% 79.5%
28 BP. 2.30% 75.7%
29 TW. 2.30% 75.7%
30 RDSB 2.14% 70.5%
31 BT.A 1.96% 64.6%
32 IMB 1.96% 64.5%
33 CPG 1.95% 64.4%
34 MARS 1.54% 50.7%
35 LLOY 1.52% 50.1%
36 MKS 1.20% 39.4%
Kingfisher has dropped to 11th position, BA. has risen to 8th, PHP to 7th and TATE to 18th. It is very noticeable how close those above the median lie in terms of value. Much more spread in the lower regions. The median weight is now 3.04%, whereas the mean is 2.78%, 9% lower. This means that the hurdle for trimming is higher with the median than it is with the mean. I see no reason to make a change.
TJH