Arborbridge wrote:Dod101 wrote:I know which list I would have, but at least moorfield has come up with his list. Where is yours, Arb?
Dod
Good point - I'm a bit slow and do not keep abreast of the best offerings these days. All I can present is what I've actually invested in and below I give my ITs with historic yields within the 4-5% criterion as returned by HYPTUSS.
Whether they are eating capital or not, one would have to look in futher detail. This can be done initially on the HL website or similar by plotting "with dividends invested" or "without" - and just see how the capital line behaves.
I have also added a column to give my experience of the Total Return of these investments (measured by XIRR) since I bought them as a another guide to whether they are eating capital*. Clearly, the TR should be higher than yield, to allow for inflation, so MRCH and HFEL fail on this count, whereas SOI and MYI are the opposite - a reasonably yield and high TR. Where TR is not given, it is because I have not owned them long enough to have generated a reliable figure.
I recommend that you check some of these ITs - ruling out HFEL and MRCH - and see if they appeal to you. All except IVPU, MUT, JAGI, I have invested in for a considerable number of years.
*Note of caution: this is my experience only and the result depends on length of ownership and whether I invested at a bargain price or not.
Arb.
Gentlemen,
A super set of responses to the question posed. Thank you.
In my SIPP (which I orient towards income, I have a different set of aims for my ISA), I have been gradually shifting resources from single company shares to income ITs, in order to build a cash buffer, and harvest income on a 'minimal attention required' basis.
I have a double position of CTY, and then in decreasing capital order:
LWDB, MRCH, MYI, HICL, a slightly smaller position in HFEL.
Then much smaller positions in TMPL, MCT & IBT.
I have not been particularly impressed with TMPL.
I think I will add to MCT, and then one of LWDB, MRCH, MYI, HICL based on whichever is on discount (HICL seems to be on permanent premium, so unlikely to qualify). I will perhaps also take a look at SOI