Jam's HYP - First Outing as of 11th June 2022

[IanTHughes]

Thanks Ian - but can you please explain how you generated the largest Edinburgh income drop to be -35.37%?

Looking at the EDIN yearly dividend figures linked to earlier, which are shown underneath the dividend-chart in the URL below, that's only showing a drop of -16.23%?



Source - https://www.dividenddata.co.uk/dividend-history.py?epic=EDIN

Oh dear, you are correct of course!

The table should actually look like this ....

Year-End  |   HYP     |   +/-   |   TMPL   |   +/-   |   EDIN    |   +/- 
05-Apr-20 | 14,675.24 |         | 9,937.29 |         | 11,193.90 |       
05-Apr-21 |  8,566.45 | -41.63% | 7,444.44 | -25.09% | 11,014.95 | -1.60%
05-Apr-22 | 11,518.06 |  34.46% | 7,637.80 |   2.60% | 11,331.36 |  2.87%

Thank you so much for pointing out my error which was caused by not properly calculating the "Speciai" of last year which is now correctly listed as withdrawn income. There will now follow several hours of checking my two "virtual" portfolio workbooks!

Incidentally, the Investment Trust holdings are calculated by assuming that the funds for every purchase of the original HYP shares were used to purchase the Investment Trust - same amount invested, same date. The dividends are calculated from that start point as and when they are announced and paid.


Ian

[Itsallaguess]

Thanks Ian - but can you please explain how you generated the largest Edinburgh income drop to be -35.37%?

Looking at the EDIN yearly dividend figures linked to earlier, which are shown underneath the dividend-chart in the URL below, that's only showing a drop of -16.23%?

Source - https://www.dividenddata.co.uk/dividend-history.py?epic=EDIN

Oh dear, you are correct of course!

The table should actually look like this ....

Year-End  |   HYP     |   +/-   |   TMPL   |   +/-   |   EDIN    |   +/- 
05-Apr-20 | 14,675.24 |         | 9,937.29 |         | 11,193.90 |       
05-Apr-21 |  8,566.45 | -41.63% | 7,444.44 | -25.09% | 11,014.95 | -1.60%
05-Apr-22 | 11,518.06 |  34.46% | 7,637.80 |   2.60% | 11,331.36 |  2.87%

Thanks Ian, so even with a much lower drop in income than your HYP example, it also actually looks like Temple Bar might be considered a bit of an anomaly, given that EDIN looks fine, and I've previously linked to show you that CTY and LWDB actually raised dividends during the same period where the above HYP took a -41.63% income battering, and if I can link to an additional separate income-study that I've carried out over the above period, which also covers a much larger number of other UK-focussed income-IT's, that table also highlights the general resilience of the UK income-IT sector over the COVID-impact period, and again highlights Temple Bar as being a huge anomaly with their stand-out, and wholly un-typical drop in income, as shown in the 2019/2020 income column below -




Original thread for the above table - https://www.lemonfool.co.uk/viewtopic.php?f=31&t=22053&start=180#p490754

So hopefully we might agree that on the whole, UK-focussed income-IT's have broadly been very resilient in terms of income-delivery during that COVID-related period, with Temple Bar being the single stand-out anomaly, strongly suggesting that there was an issue with that particular IT manager, rather than any broader issue with the UK-facing IT's generally...

And on the flip side, we've got every single HYP-related example (HYP1, your own Virtual Drawdown HYP, and Arb's 'ArbHYP') showing really quite huge drops in delivered income over the same period, without a single example yet of a single-share, UK-focussed HYP that was able to avoid such drastic income-related effects...

Cheers,

Itsallaguess

[IanTHughes]

So hopefully we might agree that on the whole, UK-focussed income-IT's have broadly been very resilient in terms of income-delivery during that COVID-related period, with Temple Bar being the single stand-out anomaly, strongly suggesting that there was an issue with that particular IT manager, rather than any broader issue with the UK-facing IT's generally...

And on the flip side, we've got every single HYP-related example (HYP1, your own Virtual Drawdown HYP, and Arb's 'ArbHYP') showing really quite huge drops in delivered income over the same period, without a single example yet of a single-share, UK-focussed HYP that was able to avoid such drastic income-related effects...

But as I said in an earlier post, when comparing the "managed" release of income from Investment Trusts with the "Un-Managed" release of income from an HYP, it is hardly surprising that The Investment Trust route provides a smoother flow! However, if one measures the "Total Income" received from many Investment Trusts over a period of time, this can be beaten by the "Total Income" of an HYP over the same period of time, fairly easily I would suggest.

"Smoother Income Flow" Vs "More Income" - I know which I want!


Ian