This website reports on the progress of my six ‘live’ investment trust portfolios with yields ranging from 2% to over 6%, including same-day details of trades and their new portfolio weightings – the last website update being on 20 May 2016.
Four of the portfolios reflect an investment journey over time and so are named after the seasons. Spring’s objective is capital growth via a 100% exposure to equities. Over time, the bond and 'other' income elements increase to both generate a higher income and to help diversify holdings and so protect past gains. Winter finishes with a yield of 6.2%.
In addition, the Thematic portfolio focuses purely on special situations and undervalued sectors, whilst the Dividend portfolio seeks both a high sustainable yield and strong income growth from mainstream equity holdings and presently yields 5.5%. Whilst never complacent, all portfolios are performing well relative to their benchmarks.
The ‘Rationale’ (with its statistic summary of the six portfolios), 'Equities and bonds' and portfolio pages contain more details. Other pages include a ‘Dealing history’ listing trades, a monthly ‘Performance’ summary, and my ‘Trust of the moment’. The ‘Commentary’ explains portfolio changes and answers members' queries made via the ‘Your views’ page.
Visitors may find my book ‘The FT Guide to Investment Trusts’ of interest. Since 2009, I have also reported on the Summer and Autumn portfolios in my monthly Investors Chronicle column (where they are called ‘Growth’ and ‘Income’).