Having DYOR, you know that the American markets outperform in the long run, notwithstanding that, you can lose in the short term.
You are interested in BRAI as their new dividend policy is 1.5% of NAV.
Of course if the NAV falls the dividend will decrease but if the NAV increases so will the dividend.
You will see the price follows the NAV, most of the time
The chart includes the earned dividends, which as it would be one of the lower yielders in your Snowball, the dividends would most probably be re-invested back into a higher yielder.
As the yield is below 6% it could be pair traded with a higher yielder above 8% to give you a blended yield of 7%.
Dividends
New enhanced dividend policy roughly 6% of NAV each year
BRAI has long paid part of its dividend out of capital. However, with effect from 17 April 2025, BRAI adopted a policy of paying a quarterly dividend equivalent to 1.5% of NAV (approximately 6% annually). Without the constraint of having to hold high-yielding stocks to generate its income, BRAI is free to go anywhere within the US market and try to maximise its total returns.
Top 10 Holdings
Country
% Total Assets
Alphabet
United States
4.7
Amazon
United States
2.8
JPMorgan Chase
United States
2.7
Walmart
United States
2.5
Berkshire Hathaway
United States
2.3
Bank Of America
United States
2.1
Micron Technology
United States
2.1
Procter & Gamble
United States
2.1
Chevron
United States
1.9
Morgan Stanley
United States
1.8
The current price is 250p and the current fcast dividend is just below 6%
BlackRock American Income Trust (BRAI) has continued to make good progress both in absolute terms and relative to its benchmark since we last published at the end of November 2025. Whilst it is still relatively early days for the strategy, the results so far are very encouraging.
BRAI is benchmarked against a value index, which means it is significantly underweight the AI-driven mega-cap names that dominate broader US indices. This positioning is currently working in its favour as investors are increasingly questioning whether some of these companies can sustain their enormous capital expenditure programmes and, more importantly, whether those investments will generate acceptable returns. This uncertainty is translating into a broadening of interest in other parts of the market, to BRAI’s benefit. However, as we show on page 4, in a historic context, the uptick in the performance of value relative to growth is still quite minor, so there could still be a long way to go.
Attractive income and growth from US value stocks, using a systematic active equity approach
BRAI aims to provide long-term capital growth, whilst paying an attractive level of income (1.5% of NAV per quarter, around 6% of NAV per annum). BRAI follows a systematic active equity approach that aims to provide consistent outperformance of the Russell 1000 Value Index (the benchmark).
With effect from 22 April 2025, BRAI adopted a new investment approach. BRAI invests using a systematic active equity approach devised by BlackRock, which is distinct from that of any other investment company listed in the UK. Our initiation note sought to explain BRAI’s new approach and the corporate structure that supports it.
Whilst we have included some historical performance data for reference in the charts on this page, further analysis of it feels redundant. Instead, this note focuses on BRAI’s returns since the strategy change.
Fund profile
More information is available on the trust’s website
BRAI aims to derive income and capital growth by investing in a portfolio of US value stocks.
A radical rethink of the company’s structure and approach was implemented in April 2025. The management fee was halved, and a new dividend policy introduced. The company pays out 1.5% of NAV each quarter as a dividend funded both from revenue and capital.
Stocks are selected using BlackRock’s proprietary systematic active equity approach. Our initiation note looked at the approach in detail but to summarise:
BlackRock’s Systematic Active Equity (SAE) team of over 100 investment professionals seeks to use data-derived insights to spot and exploit market inefficiencies (mispriced stocks).
The approach draws on over 40 years of insights into what works and what does not work when it comes to active investment management.
The SAE team evaluates sets of data to produce insights into companies’ fundamentals, market sentiment, and macroeconomic themes. The analysis includes both numeric and text datasets (contributing to over 1,000 signals in total) and makes use of LLM models that have been developed and optimised over many years.
Once the manager has a set of signals that it thinks is providing useful information, the scores from these signals are blended to give a view on each stock in the universe.
Higher scores translate into higher return expectations, and this informs portfolio construction, which seeks the best possible trade-off between risk and return net of transaction costs. The manager ensures that there are no big factor, sector, or stock bets that can skew returns. BRAI will hold 150–250 stocks of a universe of 870.
New signals are constantly being identified and evaluated. BRAI’s manager describes this as an “arms race” where the aim is to extract as much information about stocks and the economy as possible, and learn how to interpret that. BlackRock’s scale, depth of resource, and long history in this area gives it an edge that is hard to replicate.
Manager’s view
The manager observes that over the course of 2025, particularly over the summer, poor-quality (heavily indebted and loss-making) stocks outperformed. This is reflected in the underperformance of most quality-focused managers last year.
Early in 2025, the Magnificent 7 stocks were hit by DeepSeek and Liberation Day (which occurred shortly before BRAI adopted its new investment approach), but recovered as the year progressed. Companies perceived as beneficiaries of the vast sums being invested in AI capex did well (again, especially over the summer).
Figure 1: Magnificent 7 stocks versus rest of S&P 500
Source: Bloomberg
Another group of outperformers were companies buoyed by the US government’s policy agenda and/or technological advances. Areas such as rare earths, SpaceTech, quantum computing, nuclear, batteries, and to a lesser extent, crypto all attracted interest. However, enthusiasm for many of these themes appeared to peak around the beginning of Q4 before fading towards the end of the year.
The manager interprets this shift as a reassertion of fundamentals. Value outperformed growth over that period and has continued to do so since, but the turn in value’s favour still barely registers in Figure 2. There is a long way to go before we can say with confidence that – in the US at least – value is back to outperforming growth, as it did for the majority of the period prior to the GFC and the low inflation/interest rate environment that followed it.
Figure 2: Value versus growth in US market
Source: Bloomberg (based on MSCI US value and growth total return indices)
Asset allocation
At the end of December 2025, BRAI had 153 stocks in its portfolio – towards the lower end of its 150–250 target range.
Figure 3: BRAI asset allocation by sector as at 31 December 2025
Source: BRAI
Figure 4: BRAI changes to sector allocations since 30 September 2025
Source: BRAI
Over the final quarter of 2025 – capturing the reported change since we last published – the portfolio saw a modest increase in its weighting to information technology and a small reduction in consumer discretionary. These moves are relatively minor reflecting BRAI’s benchmark-aware approach.
Data from the manager shows reports that, at the end of December 2025, the portfolio’s weighted average price/earnings ratio, price to book, and return on equity were close to the averages for the benchmark.
Figure 5: Comparison of BRAI with US indices
BRAI
Benchmark
S&P 500
Number of securities
153
870
503
Average market cap ($bn)
408.3
299.4
1,069.7
P/E next 12 months (x)
17.6
17.6
22.9
Price/book (x)
3.15
2.98
5.54
Dividend yield (%)
1.7
1.8
1.1
ROE (5-year average) (%)
10.3
10.2
18.0
Source: BRAI
Top 10 holdings
Figure 6: Top 10 holdings as at 31 December 2025
% as at 31/12/25
% as at 30/09/25
Change
Alphabet
Communication services
4.6
1.9
2.7
JPMorgan Chase
Financials
3.0
3.2
(0.2)
Amazon
Consumer discretionary
2.9
2.6
0.3
Berkshire Hathaway
Financials
2.6
2.8
(0.2)
Walmart
Consumer staples
2.5
2.6
(0.1)
Bank of America
Financials
2.3
2.3
–
Morgan Stanley
Financials
1.8
1.9
(0.1)
Meta Platforms
Communication services
1.8
n/a
n/a
Charles Schwab
Financials
1.7
1.7
–
Micron Technology
Information technology
1.6
n/a
n/a
Total
Source: BRAI
As discussed earlier, the manager does not take large active stock positions relative to the benchmark, and the list of BRAI’s largest holdings reflects that. Since the end of September 2025, Johnson & Johnson and Pfizer have dropped out of the top 10 to be replaced by Meta Platforms and Micron Technology.
Performance
Building a track record of outperformance
As noted earlier, we do not believe that an analysis of BRAI’s returns before the strategy change is relevant for the purposes of this note. Figure 7 shows how BRAI has performed both in share price and NAV terms versus its performance benchmark, against the S&P 500 Index, and against the median of its AIC North America peer group.
Figure 7: Total return performance data for periods to end January 2026
Calendar year
1 month(%)
3 months(%)
6 months(%)
Since 22 April 2025(%)
BRAI share price
2.6
9.0
18.4
27.1
BRAI NAV
2.8
4.8
13.3
27.1
Benchmark
2.6
3.5
9.6
22.7
S&P 500
(0.5)
(2.5)
6.2
28.9
Peer group median
(0.4)
(3.1)
4.0
27.1
Source: Bloomberg
Figure 8 shows BRAI’s month-by-month relative returns and highlights the strong run of outperformance achieved over the past six months.
Figure 8: BRAI NAV total return relative performance by month
Source: Bloomberg, Marten & Co
The trust has clearly got off to a great start under its new investment approach, delivering outperformance of its benchmark and ahead of its peers. In 2025 it was the top performing North American equity trust in the peer group, and it continues to be the top performer over last 12 months. This may reflect the shift back towards a more fundamentally driven market that the manager has noted.
Figure 9: Attribution by sector
Source: BRAI
Figure 10: Attribution by signal
Source: BRAI
The manager highlights that the portfolio has done well in periods of volatile markets, when dislocations have created mispricing opportunities. We observe that BRAI’s returns are also less volatile than those of its benchmark, with a standard deviation of 9.9% since the strategy change versus 10.3% for the index.
In Figure 9, the yellow dots represent BRAI’s average active overweight and underweights relative to the benchmark and the bars illustrate the contributions by sector to BRAI’s returns over this period.
Figure 10 breaks down the source of relative return by signal. Helpfully, all three made positive contributions, but market sentiment driven stock selection signals had the greatest impact. Here the manager stresses the importance of being aware of where retail money was flowing (a lesson learned from the meme stock phenomenon over 2024 and into 2025). These flows do not necessarily identify the best long-term performers, but can materially distort short-term returns.
Dividends
New enhanced dividend policy roughly 6% of NAV each year
BRAI has long paid part of its dividend out of capital. However, with effect from 17 April 2025, BRAI adopted a policy of paying a quarterly dividend equivalent to 1.5% of NAV (approximately 6% annually). Without the constraint of having to hold high-yielding stocks to generate its income, BRAI is free to go anywhere within the US market and try to maximise its total returns.
The x-axis labels show historic ex dates for BRAI’s dividends. Going forward, the intention is to pay the dividends in April, July, October, and January.
Figure 11 shows BRAI’s dividend history over the last five years. We now have 12 months of dividends declared under the new system totalling 13.25p.
Figure 11: BRAI five-year dividend history for financial years ending in October
Source: BRAI, Marten & Co
Premium/(discount)
Over the 12 months ended 31 January 2026, BRAI’s shares traded between 9.1% discount to NAV and a 1.2% premium and averaged a discount of 4.8%. By25 February 2026, the discount had been eliminated.
Figure 12: BRAI’s premium/(discount) over the five years ended 31 January 2026
Source: Bloomberg, Marten & Co
As we explained in our previous note, the widening discount over 2023 came as the Magnificent Seven dominated markets and value stocks underperformed. BRAI’s rating began to improve in October 2024, initially in anticipation of a tender offer. Since then, it has continued to narrow and is currently trading close to asset value or at a premium. The board is keen for the trust to re-expand and has powers to issue stock at a premium to NAV, which would enhance the NAV for existing shareholders and improve liquidity in the shares. It would also have the effect of spreading BRAI’s fixed overheads over a wider base, lowering its average running costs.
Conditional tender offers
If BRAI fails to beat its benchmark net of fees by an average of 0.5% per annum over three-year periods, the first of which ends on 30 April 2028, the company has committed to offering shareholders a 100% tender offer at a 2% discount to NAV less costs. In addition, the 100% tender offer may also be triggered if the net assets of the company are less than £125m at the end of those three-year periods.
SWOT and bull vs. bear analysis
Figure 13: SWOT analysis
Strengths
Weaknesses
Differentiated investment proposition
Investors need to get comfortable with the investment approach
Enhanced income whilst maintaining risk-controlled exposure to US equities
Encouraging early performance
Relatively low market cap restricts attraction for wealth managers
Considerable backing of BlackRock
Opportunities
Threats
Discount has been eliminated, potential for a re-expansion of the trust
Persistent US dollar weakness undermines attractions for UK investors
Recent market moves mean that US investors are thinking more about diversification
AI could continue to dominate the investment agenda, perpetuating the outperformance of growth stocks
Value is overdue a return to favour
Source: Marten & Co
Figure 14: Bull versus bear case
Bull
Bear
Performance
Off to a great start with fairly consistent outperformance and lower volatility
AI resurgence could depress value stocks further
Dividends
Dividend policy results in attractive yield
If markets fell for an extended period, the dividend policy would shrink the capital base of the company
Outlook
Value is picking up and a more decisive shift in sentiment could help extend BRAI’s run of good relative performance
Weak dollar and return to outperformance by growth stocks are both possibilities
Discount
Appears to be under control
Small size reduces the impact of buybacks as liquidity worsens
Source: Marten & Co
Important Information
This marketing communication has been prepared for BlackRock American Income Trust Plc by Marten & Co (which is authorised and regulated by the Financial Conduct Authority) and is non-independent research as defined under Article 36 of the Commission Delegated Regulation (EU) 2017/565 of 25 April 2016 supplementing the Markets in Financial Instruments Directive (MIFID).
The SNOWBALL will earn repeatable income this year of around £11,000 on invested capital of 100k, no new funds will be added to the SNOWBALL, only the income earned. The actual income figure will be higher as it includes some special dividends. Whilst no dividend is 100% secure, some dividends are more ‘secure’ than others.
Annuity
Option take out an annuity currently yielding 7% but you have to surrender your capital. A huge gamble as you are relying on a known unknown, interest rates at the time your retire.
Canada Life figures show the 65-year-old with a £100,000 pension pot could buy an annuity linked to the retail price index (RPI) that would generate a starting annual income of £3,896. That’s up from £2,195 in the New Year following a 77% spike in rates this year.
Oct 22
The 4% rule.
If interest rates are low at your retirement date you could use the 4% rule.
The SNOWBALL has a comparison share VWRP, where 100k of capital invested on the same date as the SNOWBALL is valued at £158,963. Not too shabby, so could be an option for the tax free part of your pension retirement plan. Not advice DYOR as buying near the end of a major bull run could be very expensive.
The equivalent income would be £6,358.00.
Let’s jump forward ten years to a retirement date.
The SNOWBALL will have income of 20k plus, the amount is predictable, the time scale may vary. Once you have achieved the income in your plan, you could re-invest your dividends into ‘safer’ Trusts, like Dividend Heroes especially when Mr. Market is helpful, or higher coupons Gilts where the income is risk free, if you hold to maturity. Or invest in REIT’s where the values fluctuate but the income is ‘secure’.
A pension of 20%.
To receive the same income using Rule4 VWRP’s value would have to be £500k. GL with that gamble.
If you invest for the long term, hopefully you will have one or two Trusts that you can withdraw your capital from, re-invest that capital in higher yielders, it may have to be ETF’s and continue to receive income from at a cost of zero, zilch, nothing.
Remember no dividend is completely ‘secure’ but some dividends are more secure than others. The more shares you own the bigger the risk of owning a clunker but that risk is even bigger if you own only a couple of shares.
The SNOWBALL aims to own around ten positions but as the SNOWBALL matures the number of positions could increase.
Managing your money in retirement comes with significant challenges, including the risk of overspending and running out of funds in old age. Cost-of-living pressures have only made things more difficult in recent years.
A comfortable retirement now costs a single person £43,900 per year, according to figures from trade association Pensions UK. This has risen from £33,000 in 2019, before the pandemic sparked the highest level of inflation in a generation.
These figures do not include housing costs, so anyone still renting or paying a mortgage in retirement could face even higher outgoings.
With this in mind, it is unsurprising that one in five adults worry their pension won’t provide enough income in retirement, according to research from Nottingham Building Society. This rises to more than one in four among over-60s (28%).
Some use their pension savings to buy an annuity, giving them a guaranteed income for life (depending on the product you buy). However, the amount you qualify for depends on the size of your pension pot.
Others opt for pension drawdown in the hope it will give them better value for money – but the risk is that they could outlive their savings.
“If you aren’t sure how to go about this, it’s worth considering employing a regulated financial adviser to help you navigate what can be complex choices.”
The lottery effect – overspending early on in retirement
Poor financial planning can create problems for those who opt for drawdown, with some retirees overspending early on in retirement and leaving themselves short towards the end – a time when outgoings can shoot up thanks to care costs.
Last year, a study by Legal & General (L&G) found that some retirees were at risk of emptying their pension pot a decade early, after taking large cash lump sums and withdrawing too much in monthly income.
Savers generally expect their pension pot to last 22 years from age 60, according to L&G’s analysis, taking them to around 82. But for those who may not have other sources of income, such as property wealth or a defined benefit pension, it typically runs out by age 77. Both fall short of the average life expectancy, which is 86 for those who are currently age 60.
“For most people, their pension pot is the largest sum of money they’ll have access to, and after decades of hard work and saving, it’s natural to view it as a well-deserved reward,” said Katharine Photiou, managing director of workplace savings at L&G.
“However, our research shows the sudden financial freedom can trigger ‘The Lottery Effect’ for some savers, which can lead to unsustainable spending.”
Golden rules to avoid retirement shortfall
1. Make a plan before taking your tax-free cash
Once you turn 55, you can access your pension and are entitled to take 25% of your savings as tax-free cash. Some rush to withdraw this straightaway as one lump sum, but that can be a mistake.
When you withdraw money from your pension, you take it out of a tax-efficient environment and move it into one where a tax bill may be generated – for example on savings interest, or dividends and capital gains if you decide to reinvest the money
Withdrawing your tax-free cash and sticking it in a savings account also means you miss out on the potential for future investment growth.
It is better to have a plan for what you are going to do with the money. Some use it to pay off their mortgage, for example, so they can retire debt-free. Everyone’s personal circumstances are different, so it is worth seeking financial guidance or advice.
Remember: you don’t need to take all of your tax-free cash in one go. You can take it in instalments if you prefer. This means the money remains invested for longer and can hopefully continue to grow.
2. Build up your emergency savings
Everyone should have an emergency savings pot to cover unforeseen costs. Those who are working should have enough to cover one-to-three months’ worth of essential expenses, but this rises to one-to-three years among retirees. It is generally advisable to keep this in an easy-access account.
If you haven’t got enough in emergency cash savings as you head into retirement, should you use your pension tax-free cash to top it up? Helen Morrissey, head of retirement analysis at investment platform Hargreaves Lansdown, says it depends on your circumstances.
She told MoneyWeek: “If someone is in drawdown and needs a buffer to help them maintain income during periods of market volatility, then they could look at having 1-3 years’ worth of emergency savings.”
If they also have income from an annuity or a defined benefit pension, they might be able to keep less in their emergency cash reserve, leaving more invested in their pension.
“The decision to take tax-free cash to top up emergency funds will also depend on wider issues such as access to other assets, size of estate given the upcoming inclusion of pensions as part of people’s estate for inheritance tax, as well as wider planning issues,” Morrissey said. “If in doubt, people should seek financial advice.”
3. Think about how much income you need
A cash management strategy is important. How much income do you need to live on, and is your pension pot big enough to sustain you for as long as you might live? Some people adopt the 4% pension rule – a guideline that can be used to help you draw a sustainable retirement income for around 30 years.
This rule suggests you can withdraw 4% of your pension in your first year of retirement. In all subsequent years, you can withdraw the same amount but adjust for inflation. If you had a £500,000 pension, this would mean taking £20,000 in the first year. If inflation was around 2%, you would then take £20,400 out the second year, £20,808 out the third year, and so on.
There are pros and cons to the rule, as we explore in a separate piece. If you are in a position to seek tailored financial advice, that is usually the best approach, as a financial adviser will be able to help with cash-flow modelling.
4. Consider combining drawdown with an annuity
Pension drawdown is a more popular option than buying an annuity, based on FCA data. While the idea of guaranteed income is appealing, many dislike the idea that an insurer will profit from their life’s savings if they die shortly after purchasing the annuity contract. Meanwhile, your loved ones can inherit any unused pension savings.
That said, annuity rates currently look attractive and can give you peace of mind, offering guaranteed income until you die. Recent data from Hargreaves Lansdown’s annuity search engine shows a 65-year-old with a £100,000 pension can get up to £7,793 per year from a single-life level annuity with a five-year guarantee.
Savers don’t need to choose between the two approaches. A combination of the two can be a good strategy. “This mix and match approach means you can secure the income you absolutely need from an annuity, and also keep some invested for growth in a drawdown plan which provides a more variable, flexible income,” said Laith Khalaf, head of investment analysis at AJ Bell.
Investment trusts with wide discounts can use tenders and buybacks to close the gap. But these aren’t a sustainable solution and don’t produce the best outcome for investors.
By Cris Sholto Heaton
(Image credit: Getty Images)
Many investment trusts have become very rattled by the threat of activist investors and are concerned about reducing their discount to net asset value (NAV). This is mostly good: some boards had become too dozy about putting the interests of their investors first and more attention to structural discounts was overdue.
Still, it is also clear that many investment trust boards are convincing themselves that regular share buybacks and tender offers (an offer to buy shareholders’ shares) are the best way to keep discounts down. As a shareholder in a number of investment trusts, I am far from convinced that this always produces the best outcome for investors like me.
The rules for investment trusts with wide discounts
Wide discounts can reflect a range of factors, including poor performance, doubts about the reported NAV, being in a sector that’s out of favour, or the investment trust being too small and/or illiquid. Tenders and buybacks can do nothing for the first three: if the problem persists, you may need to change manager, change strategy, find ways to prove the NAV, or just wait for your market to become popular again.
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Meanwhile, the fourth scenario is why too many buybacks and tenders can even be actively harmful. They shrink the size of the fund, which will make it less attractive to many investors. Even an investment trust that starts at a healthy size can shrink itself into irrelevance if it gets hooked on buybacks and tenders in a vain attempt to control a discount driven by other factors. Consider Bellevue Healthcare (now CT Healthcare), which peaked at around £1 billion in 2021, but had dwindled to under £300 million by 2025, without really reducing the discount.
Who benefits the most from buybacks and tenders?
The other question is who benefits most from buybacks and tenders. Buybacks are at least accretive to remaining shareholders if the price is genuinely below net asset value. Still, I am cautious about trusts that decide to sell illiquid assets in weak markets to fund buybacks, because they may be selling the best assets and leaving the fund with the junk that is less likely to be worth its carrying value.
Since tenders typically happen near NAV, they are not directly accretive. True, long-term investors could take up each tender offer to the limit allowed, take the proceeds, and use them to buy shares more cheaply in the open market again – but many won’t. So the beneficiaries here are often influential shareholders – activists or institutions – who want a chance to exit at a preferential price. If the discount does not then shrink and the trust becomes smaller and less viable, long-term holders have been left worse off by the whole process.
This does not mean that tenders and buybacks are always bad – but they need to be structured in a way that limits these disadvantages. A large exit opportunity every five years, perhaps triggered only if the fund underperforms, is fairer to all investors – not just those who want to cash out – than constantly shrinking the assets.
The written plan for the SNOWBALL was to buy Investment Trusts that yielded 5% or above.
Mr. Market has been very benevolent and the plan has been increased to a base of 7% or above. This means the Snowball will achieve its ten year plan early.
I’ve therefore increased this year’s fcast to £11,200 and the target to £12,000.
The target includes some special dividends and all though it’s likely there will be more special dividends in the financial year 2027, these are not a given.
Current income for the SNOWBALL
Dividends to date £4,548. Fcast dividends for first the six months £7,681 and the fcast figure for the year £13,400.
The figure of 12k is very important as that means income of 1k a month for re-investment.
The fcast for 2027 has been raised to £12,000 and the target £12,869.
If the fcast and the target is met it will mean the ten year plan has been achieved ahead of the plan.
A question I get asked a lot. Are you sure of the supply ?
Whilst when I predict the future I am often wrong, I expect that there will be a lot of consolidation in the Renewables sector so the next ten year plan could include some pair trading, investing in some higher yielding ETF’s balanced out with some safer lower yielding Investment Trusts, such as CMPI and the Dividend Hero Trusts.
A plan without an end destination, whilst better than no plan is still a bad plan as your retirement income depends on the end destination.
My friend the choice is yours. GL
A history lesson.
Canada Life figures show the 65-year-old with a £100,000 pension pot could buy an annuity linked to the retail price index (RPI) that would generate a starting annual income of £3,896. That’s up from £2,195 in the New Year following a 77% spike in rates this year. Oct 22
Finally another popular question is selecting high income funds and we can use ETFs as an example. I would typically apply my other usual criteria on cost, currency and size but there are some other things to think about in this case. If we filter based on minimum 12 month yield the problem is this selects funds where the price has crashed recently. Dividend yield is income divided by price so a suddenly much smaller price can result in huge yields. This means looking at recent return for the fund over the last 3 months, say, can be helpful. By choosing funds where the 3 month return is above a threshold you can omit these funds. I find volatility helpful here too because a fund that generates more yield (income) for the same amount of risk (volatility) is preferable. In ShareScope this is “Deviation of Returns” and I usually choose a period covering the last year measured with a daily sample frequency. If you filter by latest Close date being recent (last week or so) you can also ensure that this is not a fund that is not priced regularly and that the fund hasn’t been closed down.
AEW UK REIT PLC ex-dividend date BioPharma Credit PLC ex-dividend date CQS Natural Resources Growth & Income PLC ex-dividend date CQS New City High Yield Fund Ltd ex-dividend date Custodian Property Income REIT PLC ex-dividend date Diverse Income Trust PLC ex-dividend date Edinburgh Investment Trust PLC ex-dividend date European Smaller Cos Trust PLC ex-dividend date Global Opportunities Trust PLC ex-dividend date Henderson Far East Income Ltd ex-dividend date M&G Credit Income Investment Trust PLC ex-dividend date Sequoia Economic Infrastructure Income Fund Ltd ex-dividend date
