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High Yield Investment Trusts - AIC Sector and Yield table (October 2021)

General discussions about equity high-yield income strategies
Itsallaguess
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High Yield Investment Trusts - AIC Sector and Yield table (October 2021)

#446929

Postby Itsallaguess » October 1st, 2021, 12:45 pm

Below is a table of AIC-listed Investment Trusts which yield 3.5% or higher as at October 1st 2021.

The table is shown grouped by AIC sector, and then ranked in descending order of yield for each sector, and also shows relevant Discount or Premium information, along with the 5-year dividend growth-rate for each Investment Trust, and with a new additional column showing the relevant OCF charges including performance fees.

Please note that if anyone wishes to replicate this type of data-set themselves at any time, there are some instructions at the bottom of this post on how to do that...




I've dip-checked the above data, but please do note that it should be used only as a starting-point for further investigation, and it should certainly be the case that you should carry out your own due-diligence on any data that you may use for any subsequent investment decisions that you might wish to make...

A good source to cross-check some of the above data, if anything does look interesting or even suspicious, is the TrustNet website, which also gives yield and discount information for these types of investments - https://www.trustnet.com/

Here are some instructions to be able to generate up-to-date yield-data in the future, using the above excellent AIC website -

1. Open the AIC website (https://tinyurl.com/yawfc9zy)

2. Select the 'AIC Sector Selection' button, and then the 'AIC VCT Sectors' button, and then click the 'Deselect all AIC VCT Sectors' button to remove the VCT data from this list.

3. Also in the 'AIC Sector Selection' area, make sure the tick-boxes for 'Include AIC sector weighted averages', 'AIC weighted averages sorted to top', and also 'Include industry averages' are un-ticked.

4. In the 'AIC Equity Sectors' sections, and also the 'AIC Alternative Sectors', check to make sure that all of the sub-sector boxes are ticked to bring in the data for all of those sub-areas.

5. Select the 'Data points' button, and then in that section, open the 'Additional Data Points' area, and in there, select the 'TIDM', the 'Div cover (yrs)', and the 'Ongoing charge inc Perf fee (%)' tick-boxes.

6. Select the 'Filters' button, and then set the 'Dividend Yield' option to '3.5%+'

7. Underneath this settings-area, you should now have an up-to-date data-table similar to the above, broken down by AIC Sectors.

8. If you want to import that data into a spreadsheet, to perhaps then rank by sector and yield, then you should enable the option to view the data in 'Print Mode' by selecting the 'Save / Print' option, which can be found above the AIC settings area used above, and then selecting the 'Enable Print Mode' button - the AIC data will then be represented on-screen in a way that can be bulk-selected and copied into a spreadsheet.

  • Please do note that if you don't select the 'Enable Print Mode' option, and you try to copy the data into a spreadsheet, then it's likely to only copy some of the data...

If anyone wants to investigate any of the Investment Trusts listed on the AIC website any further, for instance if they want to look at the underlying portfolio holdings, then the simplest way to do that is to just Google 'AIC xxxx', where 'xxxx' is the EPIC for the Investment Trust in question. The AIC page for that IT will usually be the first returned hit on that search, and then going to that AIC page and clicking on the 'Portfolio' section of the AIC page will list the underlying data for that IT, which includes quite a lot of useful information regarding the make-up of each income-related Investment Trust. An example here is the 'Portfolio' page for Henderson Far East Income (HFEL) - https://www.theaic.co.uk/companydata/0P00008ZSY/portfolio

Link to September 2021 data - https://www.lemonfool.co.uk/viewtopic.php?f=31&t=31015

Cheers,

Itsallaguess

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Re: High Yield Investment Trusts - AIC Sector and Yield table (October 2021)

#447650

Postby moorfield » October 4th, 2021, 9:52 am

Thanks for posting this. AIC is an excellent resource, the more I look into it.

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Re: High Yield Investment Trusts - AIC Sector and Yield table (October 2021)

#447727

Postby Swanmore22 » October 4th, 2021, 1:23 pm

Tks Itsallaguess

Do you own any of the trusts on the list ?

We have Biopharma Credit, JP Asia and JP China, BRWM,EAT and a new posn in EPIC


Swan

Itsallaguess
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Re: High Yield Investment Trusts - AIC Sector and Yield table (October 2021)

#447928

Postby Itsallaguess » October 5th, 2021, 6:56 am

Swanmore22 wrote:
Tks Itsallaguess

Do you own any of the trusts on the list ?

We have Biopharma Credit, JP Asia and JP China, BRWM,EAT and a new posn in EPIC


Hi Swan,

I own a few of them, and posted a general list of my IT holdings back in June, linked below -

https://www.lemonfool.co.uk/viewtopic.php?f=54&t=27395&p=423797#p423797

I generally tend to do top-ups of existing holdings through the year, and might perhaps look to introduce a new holding at the start of a new ISA tax year whilst I'm currently still working and accumulating both work-related savings and also internally-generated portfolio income.

It's a drum-beat that works well for me, and I don't tend to churn much at all in terms of portfolio holdings, with the only sales I ever really carry out being some once-a-year transfers between non-tax-sheltered holdings and ISA's nowadays.

One of the single biggest benefits I've seen from moving from a portfolio of single-share holdings to a broadly income-IT based portfolio has been the almost complete 'hands-off' situation that shift has enabled, and whilst I still have an ongoing interest in the income-strategy itself, my investments more or less run themselves nowadays, which is exactly the situation I wanted to get myself into as I look forward to hopefully moving into a 'non-working' period of my life...

Cheers,

Itsallaguess

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Re: High Yield Investment Trusts - AIC Sector and Yield table (October 2021)

#448276

Postby moorfield » October 6th, 2021, 12:52 pm

Itsallaguess wrote:One of the single biggest benefits I've seen from moving from a portfolio of single-share holdings to a broadly income-IT based portfolio has been the almost complete 'hands-off' situation that shift has enabled, and whilst I still have an ongoing interest in the income-strategy itself, my investments more or less run themselves nowadays, which is exactly the situation I wanted to get myself into as I look forward to hopefully moving into a 'non-working' period of my life...



Yes I am pondering this too. And if you still need a "hobby" to fill all that spare time you have you can run a "paper" HYP instead and report it here. :lol:

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Re: High Yield Investment Trusts - AIC Sector and Yield table (October 2021)

#448290

Postby Charlottesquare » October 6th, 2021, 1:32 pm

moorfield wrote:
Itsallaguess wrote:One of the single biggest benefits I've seen from moving from a portfolio of single-share holdings to a broadly income-IT based portfolio has been the almost complete 'hands-off' situation that shift has enabled, and whilst I still have an ongoing interest in the income-strategy itself, my investments more or less run themselves nowadays, which is exactly the situation I wanted to get myself into as I look forward to hopefully moving into a 'non-working' period of my life...



Yes I am pondering this too. And if you still need a "hobby" to fill all that spare time you have you can run a "paper" HYP instead and report it here. :lol:


Or, take up the study of economics and try to read the runes re which geographic regions/niche activities you wish to target future investments towards.

So for instance I still buy Asia, North America and Tech trusts, with odd top ups re logistics/warehousing and I currently avoid UK, EU, developing markets re new money/dividends. Now this may change but the process is pretty much I vaguely think about world trends, all in a very unscientific way and getting yield from each IT is now less important, these days I just want a portfolio that overall gets over 3.5%.

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Re: High Yield Investment Trusts - AIC Sector and Yield table (October 2021)

#448903

Postby taken2often » October 9th, 2021, 11:04 am

Thanks once again now up to 57 ITs. Sold more US stock and added to IT's. I sell the winners to lock in the capital gain and keep the losers that will keep producing income. In the long term the income will overcome the initial capital cost and may even return to profit. The Sipp is for the long haul even though I might not make it.

Itsallaguess
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Re: High Yield Investment Trusts - AIC Sector and Yield table (October 2021)

#448905

Postby Itsallaguess » October 9th, 2021, 11:08 am

taken2often wrote:
Thanks once again now up to 57 ITs.


Even as a fan of Investment Trusts, that number feels more than a little excessive.

Would you be willing to start a new thread breaking your holdings down into themes and/or regions, and detailing why you think you need so many diverse IT holdings to achieve your current investment aims?

Cheers,

Itsallaguess

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Re: High Yield Investment Trusts - AIC Sector and Yield table (October 2021)

#449188

Postby taken2often » October 10th, 2021, 10:55 pm

On your first list I have 4 so another potential 8. On the second list I have 11 of 13 so another 2 potentials. For the last twenty years since stopping work I have invested for income and this has worked well. I make so much income now and it has to be spent on something. So I have 17 PIBS, 15 Prefds, 57 ITs, 23 UK Shares, 11 US shares (some CEFs), 1 Unit Trust and 1 ETF. I tried to restrain my SIPP due to 75 year LTA August last year. Covid saved me a small fortune. The money saved I decided that I would rather trust ITs than ordinary shares. Recently I have sold a lot of US shares so this week I topped up over 30 of my holdings. This usually means the market will drop and I should have waited.

My situation is this. I will never draw on my SIPP, so due to the income reinvested this grows each year. The capital will fluctate but the income grows The ISA. I have no need to touch so the income for this keeps growing. My taxable share account income provides my needs. Any big purchase such as a car comes out of this fund so every pound spent saves 40% IHT.

In due course when inflation hits and interest rates rise I will start buying Pibs and Prefs again when the price drops. What I do tends to be against the normal rules of investment. Selling winners to use the funds to buy higher income. Keep losers if the income is good and not concerened about capital
loss.

So your Posts are very helpful as a starting point, much appreciated
Bob


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