Interactive investor’s six ISA picks for all tastes

11 March 2025

The platform suggests six funds in six different sectors.

By Matteo Anelli

Senior reporter, Trustnet

 

Some investors can stomach risk in search of the best returns while others will want to protect their cash while eking out reasonable gains. Then there are those in the middle, who want the best of both worlds. Each investor has different needs and different fund-shaped holes in their portfolios to fill.

As such, below, the analysts team at interactive investor shares its top ISA picks across different investment styles, including growth, income and sustainable options – with the reminder that the end of the tax year on 6 April coincides with the reset date of the £20,000 ISA allowance, which will be lost unless put to use before then.

The risk-on option

We begin with an adventurous pick from senior investment analyst Alex Watts, who chose the Neuberger Berman US Multi-Cap Opportunities fund. This should appeal to investors who find the concentration of the US market disconcerting and are looking to capitalise on opportunities beyond the small set of ‘Magnificent Seven’ names running the market.

Although manager Richard Nackenson does invest in Microsoft (5.4%), Apple (4.8%) and Amazon (3.4%), the portfolio’s 45 holdings are chosen independently of any index, with an emphasis on cashflow and capital allocation decisions.

This approach has put the fund in the third quartile of the IA North America peers over the past 10, five and three years, but it has improved over the past 12 months when it rose to the second quartile with an 11.1% return.

Performance of fund against index and sector over 1yr

Source: FE Analytics

“The fund is unconstrained in being able to seek opportunities from large and mega-caps down to small-caps. While still able and willing to selectively invest in mega-cap stocks, the portfolio also houses businesses of varying scale and from a diverse and differentiated set of sectors to capitalise on the breadth of the US market,” Watts said.

“The manager doesn’t have to conform to any one investment style. Rather, the portfolio comprises stocks defined as special situations, opportunistic or classic, making for a fairly stylistically neutral portfolio and a differentiated exposure compared with the fund’s S&P 500 benchmark.”

For income seekers

Fund analyst Tom Bigley picked City of London, an investment trust conservatively run by Janus Henderson’s Job Curtis, who aims to provide long-term growth in income and capital by mainly investing in FTSE 100 companies.

Bigley mainly liked Curtis’ approach, focusing on well-managed companies that commit to their dividends. This has helped the trust to consistently increase its dividend every year since 1966. The current yield is 4.72%.

Performance of fund against index and sector over 1yr

Source: FE Analytics

“Curtis is a cautious, mildly contrarian investor who doesn’t ignore the macro picture, but primarily focuses on bottom-up analysis. Cash generation and physical assets are important elements, but the primary focus is dividend yield as a measure of value,” Bigley said.

“The use of reserves demonstrates the benefit of the investment trust structure to smooth income volatility over time,” he continued. “Over the long term, returns have been solid, but arguably a bigger attraction is that the trust is a consistent dividend payer.”

For fixed-income exposure

Geopolitical tension, persistent inflation and concerns regarding government spending across developed economies all have contributed to government and corporate bond yields remaining high in 2025.

Investors who wish to take advantage of the attractive income on offer in the UK may consider the Invesco Sterling Bond fund, recommended by Watts.

It has been managed by FE fundinfo Alpha Manager Michael Matthews since 2006, with Tom Hemmant joining him as co-manager in November 2023. They invest heavily in bonds issued within the financials sector, with around 40% of the portfolio held in bonds issued by banks and insurers, then followed by utilities and telecoms.

Performance of fund against index and sector over 1yr

Source: FE Analytics

“The team invests flexibly across sterling investment grade bonds but can also allocate to some bonds below investment grade, including subordinated debt. The managers look both at the fundamentals underlying an issuing company and take a top-down view to guide positioning,” Watts said.

“The fund’s yield of around 4.8% is attractive and Matthews’ approach has been well proven, with total returns over the long-run being impressive versus both peer group and the fund’s benchmark.”

For fans of the domestic market

Despite lagging for many years, UK equities have made an “impressive” start to 2025, Bigley said. If they continue to display some resilience, an allocation to the UK “could stand to benefit investors”.

Cheap companies due a change in fortune are the remit of the Fidelity Special Values Investment Trust, managed by Alpha Manager Alex Wright and co-manager Jonathan Winton.

They invest in companies trading at lower multiples where the market is yet to realise their potential, a bias that makes the FTSE 250 Wright’s main hunting ground. Currently, the allocation to small and mid-cap stocks is just over two-thirds of the portfolio.

Performance of fund against index and sector over 1yr

Source: FE Analytics

Performance-wise, the fund has been at the head of the five-strong IT UK All Companies sector across all main timeframes but, despite its strong track record, it is trading on a discount of more than 6%, which Bigly said is an attractive entry point to investors.

In emerging markets, India is the winner

Bigley preferred India over China in emerging markets as, over the past decade, the Indian economy and stock market have seen substantial growth, although it has pulled back in recent months.

The analyst’s pick in the sector was the Goldman Sachs India Equity Portfolio, a “well-diversified, multi-cap portfolio” with a bias towards the small and mid-cap space. The vehicle is “a good way to gain exposure to the region” and to benefit from the “highly experienced” Alpha Manager Hiren Dasani, who favours businesses with strong competitive advantages and low or decreasing competition.

This philosophy delivered strong performance consistently, outperforming the MSCI India IMI index in four of the past five calendar years as well as over five and 10 years.

Performance of fund against index and sector over 1yr

Source: FE Analytics

One key selling point for Bigley was company meetings, which are “a crucial part of the process”. He said: “The fund management team’s ability to meet companies on the ground in India differentiates it from many competitors”.

The sustainable option

Managed by Hamish Chamberlayne with a “disciplined” investment process and sustainability focus, the Janus Henderson Global Sustainable Equity is a “compelling” choice for investors looking to expand their core global equity exposure, said Bigley.

The fund aims to provide capital growth over the long term by investing in companies whose products and services contribute to positive environmental or social change. The portfolio of 50 to 70 stocks employs a growth-at-a-reasonable-price (GARP) strategy and is expected to show persistent biases to growth and mid-cap stocks relative to mainstream indices and, at the sector level, to favour technology and industrials.

Like many environmental, sustainability and governance (ESG)-focused investments, it has suffered in recent years but the longer-term track record is strong, with top-quartile returns over 10 years and second-quartile performance over half a decade.

Performance of fund against index and sector over 1yr

Source: FE Analytics

“Sustainability is central to the process. For a company to be considered eligible at least 50% of their revenues is required to be aligned with the team’s 10 positive impact themes, which are mapped to the UN Sustainable Development Goals,” said Bigley. “This results in a subset of companies with long-term compounding characteristics and support from structural growth drivers.”

Source: FE Analytics

Equity income investors could be leaving thousands of pounds on the table.

18 March 2025

Reinvesting dividends instead of taking them as income can make a colossal difference to long-term returns.

By Emma Wallis

News editor, Trustnet

Many investors use equity income funds because they want to draw a regular income from their savings – to meet living expenses in retirement, for example – at the same time as growing their capital.

Although this sounds like a ‘best of both worlds’ scenario, investors who take their dividends as income rather than reinvesting them could be missing out on thousands of pounds in compound interest.

This is also true for passive equity funds, according to research by Aberdeen. An investor who put an initial lump sum of £10,000 into the FTSE World, MSCI Europe or S&P 500 indices 10 years ago would have added more than £6,000 to their total return if they reinvested dividends, the fund manager found.

Aberdeen measured the impact of reinvesting dividends in nine major markets over a 10-year period, as the table below shows. The Dow Jones index had the biggest gap between its total return (reinvesting dividends) and capital return (when dividends were not reinvested).

Over 10 years to 28 February 2025, an initial £10,000 investment in the Dow Jones index would have grown into £37,016 with dividends reinvested. But an investor who withdrew dividends as income would have ended up with a £29,651 pot, Aberdeen discovered. In other words, they would have missed out on £7,365.

The FTSE 100 delivered a 10-year total return of £18,548 versus £12,682 on a capital return basis – a difference of £5,866.

Capital return versus total return for a £10,000 initial investment

Sources: Aberdeen, Bloomberg, data to 28 Feb 2025, returns in sterling

Ben Ritchie, head of developed market equities at Aberdeen, said: “Reinvesting dividends is key to long-term returns. While the impact has been seen over the past three and five years, it’s not until 10 years that the true magic of compounding really kicks in and delivers.

“Albert Einstein supposedly described compound interest – otherwise known as dividend reinvestment – as the ‘eighth wonder of the world’ to explain how returns can snowball over time.”

This will be a moot point for people who need income and don’t have the luxury of choosing whether to reinvest dividends.

However, savers with a longer time horizon who are going for growth should check they are using accumulation share classes for their equity funds (often signified by ‘Acc’, while ‘Inc’ stands for income), Ritchie said.

Looking at equity income funds specifically, whether investors use income or accumulation share classes will depend on their goals, said Victoria Hasler, head of fund research at Hargreaves Lansdown.

“If you are buying an equity income fund because you want to take the ‘natural’ income (i.e. the dividends from shares) then you will want to buy the income share class,” she explained.

“If you are using equity income as an investment strategy for capital growth then you probably want to reinvest the income, allowing it to compound, and the easiest way to do that is to buy the accumulation units.”

Many investors who do not need to withdraw an income hold equity income funds for their capital growth potential.

“The theory is that income funds tend to buy certain types of companies which are usually more mature with strong balance sheets and good cash flow. These types of companies can often be a bit more defensive than their growth-oriented peers and result in strong long-term returns,” Hasler said.

“This strategy relies on dividends being reinvested so investors would usually want to buy the accumulation share classes.”

Mature Caucasian woman sat at a table with coffee and laptop while making notes on paper© Provided by The Motley Fool

C Ruane

Retirement can seem a long way off for many people. A financially savvy worker can turn that long-term timeframe to their advantage and start investing sooner rather than later to help fund their retirement.

Regular saving can help build a sizeable retirement fund

Of course, starting at 30 would be even better than starting at 40 – and at 20 would be even better than at 30!

Unfortunately, though, many of us do not realise that (or have other spending priorities) until it is too late. Even at 40, fortunately, an investor could still make a big difference to their retirement fund if they start investing immediately.

Putting £100 per week into a Stocks and Shares ISA or SIPP and compounding it at 10% annually, after 25 years the investor will have a retirement fund of close to £535k.

That could help them draw an income (for example, via dividends) and retire earlier than otherwise.

Building a quality portfolio of great shares

A goal of 10% might not sound too challenging. After all, FTSE 100 insurer Phoenix Group (LSE: PHNX) currently offers a dividend yield of 10.2% and has been a consistent dividend raiser in recent years. Some other blue-chip shares also offer high yields.

Phoenix has a generous dividend yield, but its share price has fallen 11% in the past five years.

On top of that, it is always important to diversify across different shares in case one of them disappoints. Over the decades between age 40 and retirement, that is much more likely to happen than it may seem to an investor when they first start investing!

But with the right approach and investing mindset, I think a 10% compound annual growth rate could be achievable.

One share to consider

In fact, I do still think Phoenix is a share to consider for its long-term potential.

There are risks with all shares, including Phoenix. For example, it has a book of mortgages that include certain valuation assumptions. If a property market slump saw prices fall far enough, those assumptions could turn out to be inadequate, meaning Phoenix may need to revalue the book, hurting profits.

From a long-term perspective, though, I think the proven business continues to have strong potential.

The post Here’s how a 40-year-old could start investing £100 per week to retire early appeared first on The Motley Fool UK.

C Ruane has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

brand strategy innosense.co/what-is-brand-strategyx Amauty63747@gmail.com 191.102.129.114

Hey, are you using WordPress for your site platform? I’m new to the blog world but I’m trying to get started and set up my own. Do you need any html coding expertise to make your own blog? Any help would be really appreciated!

£££££££££££££

Word Press thru via Fasthosts, they have an introductory offer then a modest monthly charge. No coding expertise needed.

Do real estate investment trusts (REITs) make great dividend shares

Always on the hunt for interesting dividend shares, our writer takes a closer look at some of the UK’s real estate investment trusts (REITs).

Posted by

James Beard

Published 17 March

When investing, your capital is at risk. The value of your investments can go down as well as up and you may get back less than you put in.Read More

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services.

Imagine a dividend share that returns at least 90% of its profit to shareholders each year. Well, I reckon most experienced investors would probably say this isn’t sustainable and warn that the payout’s likely to be cut.

However, there’s one particular type of stock – a real estate investment trust (REIT) — that must do this to avoid having to pay corporation tax. And with this potentially lucrative privilege available, perhaps not surprisingly, there are many REITs listed on the UK stock market.

One that’s recently grabbed the headlines is Care REIT, which specialises in healthcare properties. On 10 March, its share price soared 32.5% after news of a takeover approach was revealed. CareTrust, a US-listed equivalent, sees the acquisition as a means of gaining entry to the UK market. However, even with the jump in its share price, the stock still trades at a discount to its net asset value (NAV).

Please note that tax treatment depends on the individual circumstances of each client and may be subject to change in future. The content in this article is provided for information purposes only. It is not intended to be, neither does it constitute, any form of tax advice.

Undervalued or unloved?

And this appears to be a common problem with REITs.

Despite the attractive yields on offer, their stock market valuations tend not to fully reflect the value of their underlying assets. On the plus side, this could represent a buying opportunity. But it might also be a sign that sceptical investors have concerns about the prospects for the notoriously cyclical property market.

Take Tritax Big Box REIT (LSE: BBOX) as an example to consider. It invests in large distribution centres (warehouses), and boasts Amazon and Ocado among its tenants. Yet despite forecasts predicting that the global logistics market will be worth $6trn by 2030, this particular REIT trades at a 22% discount to its NAV.

But the trust has ambitious growth plans. In January, as part of its intention to expand into the AI market, it submitted a planning application to build a £365m data centre near Heathrow airport.

However, as with all REITs, it’s vulnerable to a slump in the property market caused by a wider economic slowdown. Unoccupied premises and tenants failing to pay rents on time is a potentially disastrous combination.

And although Tritax Big Box’s yield (5.4%) is above the FTSE 250 average, are other REITs that offer a better return.

Passive income opportunities

Warehouse REIT also specialises in the logistics sector and is currently yielding 6.1%.

Based on its last four quarterly dividends, 

Supermarket Income REIT is presently offering a yield of 8%.

Regional REIT is yielding 7.6%. But its share price has struggled since the pandemic. That’s because its portfolio comprises mainly offices and business parks. And with the move towards increased working from home, the demand for its properties has fallen. Rents in the sector have also come under pressure. Regional REIT’s share price fell heavily in the summer of 2024, after it announced a £110.5m rights issue to help refinance some of its debt.

With their above-average dividends, REITs can be attractive for income investors. Of course, payouts are never guaranteed. And if interest rates stay higher for longer, this could reduce earnings. That’s because these trusts generally borrow to fund property acquisitions. Higher finance costs are therefore likely to impact on the level of dividends paid.

Despite these challenges, I think investors looking for exposure to the property market could consider REITs. Their generous dividends could make them a good option for those looking for a healthy income stream.

Interim dividend

The Company announces its first interim dividend of 1.48 euro cents per share for the year ending 30 September 2025 which represents an annualised rate of circa 7.3% based on the 14 March share price (c. 66.9 pence sterling).The quarterly dividend is 100% covered by EPRA earnings excluding exceptional items for the quarter.

The interim dividend payment will be made on Thursday 15 May 2025 to shareholders on the register on the record date of Friday 11 April 2025. In South Africa, the last day to trade will be Tuesday 8 April 2025 and the ex-dividend date will be Wednesday 9 April 2025. In the UK, the last day to trade will be Wednesday 9 April 2025 and the ex-dividend date will be Thursday 10 April 2025.

Here’s how much an investor needs in an ISA to generate a £27,500 second income

Imagine creating a second income that’s the equivalent of the average post-tax salary in the UK. Dr James Fox explains how it might be done.

Posted by

Dr. James Fox

When investing, your capital is at risk. The value of your investments can go down as well as up and you may get back less than you put in.

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. 

Millions of Britons invest for a second income. We invest, ideally through a Stocks and Shares ISA, over a long period of time with the aim of building a portfolio that’s large enough to sustainably generate an income. It doesn’t happen overnight, but in the end, it’s worth it.

So, why £27,500? Well, based on data from the Annual Survey for Hours and Earnings (ASHE) by the Office for National Statistics (ONS), the net average monthly earnings (this is after tax) are £2,297 (or £27,573) in the UK.

Playing the long game

In order to generate £27,500 a year from a Stocks and Shares ISA, someone needs £550,000 invested and to achieve a 5% annualised dividend yield. Now, this might sound a like a hard ask, especially if we’re starting from nothing. But I assure you, it’s entirely feasible.

There are lots of hypothetical or mathematical ways of getting to £550,000. However, all of these equations require investors to make consistent contributions and to reinvest the proceeds of capital gains and dividends.

In this example, a £550,000 portfolio could be achieved by investing £1,000 per month while achieving an annualised return of 10% over 17.5 years. At this point, an investor could move to a dividend-focused portfolio, or bonds, in order to take a tax-free second income.

However, we should remember the power of compounding. If an investor continues with the strategy for a longer period of time, the rate of growth would expand.

Please note that tax treatment depends on the individual circumstances of each client and may be subject to change in future. The content in this article is provided for information purposes only. It is not intended to be, neither does it constitute, any form of tax advice. Readers are responsible for carrying out their own due diligence and for obtaining professional advice before making any investment decisions.

Investments to consider

Of course, there’s a caveat. Invest poorly and people will lose money. With this in mind, novice investors are typically advised to take a diversified approach. This often means investing in an index tracker — a fund that aims to replicate the performance of an index.

However, some actively managed funds or trusts could give investors a better chance of beating the market. One option to consider could be Berkshire Hathaway (NYSE:BRK.B) neither a fund nor trust, but a conglomerate with businesses in railroads and insurance, and stock holdings in companies like Apple, American Express, and Visa. In short, it invests in the backbone of the American economy.

While we’re currently seeing turmoil in US markets amid Trumpian uncertainty and recession fears, Berkshire Hathaway stock hasn’t been sold off. That might sound strange for a company that’s so tightly linked to the US economy. But there’s a good reason. The business has been slowly selling positions in its holdings over the past 18 months. Amazingly, it now has $334bn in cash.

Investors have been questioning why the Warren Buffett-controlled company has been turning to cash. However, with a recession becoming more likely and due to a huge selloff in US stocks, Buffett may be well positioned to make strategic acquisitions or initiate new positions in stocks.

Of course, there’s a risk with Berkshire, as there is with every investment. The risk is that Berkshire’s portfolio is incredibly concentrated on the US economy. During Buffett’s career, the US economy has outperformed, but there’s no guarantee that will continue forever. Nonetheless, I’ve recently become a Berkshire shareholder myself.

We think earning passive income has never been easier

www.fool.co.uk

Do you like the idea of dividend income?

The prospect of investing in a company just once, then sitting back and watching as it potentially pays a dividend out over and over?

Thursday 20 March

abrdn European Logistics Income PLC special dividend payment date
abrdn UK Smaller Cos Growth Trust PLC ex-dividend date
BlackRock World Mining Trust PLC ex-dividend date
Diverse Income Trust PLC ex-dividend date
Globalworth Real Estate Investments Ltd ex-dividend date
Gore Street Energy Storage Fund PLC ex-dividend date
HgCapital Trust PLC ex-dividend date
Law Debenture Corp PLC ex-dividend date
NB Distressed Debt Investment Fund New Global Ltd ex-dividend date
NB Distressed Debt Investment Fund New Global Ltd ex-dividend date
Oakley Capital Investments Ltd ex-dividend date
Palace Capital PLC ex-dividend date
Patria Private Equity Trust PLC ex-dividend date
Ruffer Investment Co Ltd ex-dividend date

Story by Charlotte Gifford

The FTSE 100 may continue to disappoint investors looking for high-growth companies, but it remains a haven for those in search of dividends.

Whether you want to supplement your income in retirement or boost your returns by reinvesting the payouts in more shares, dividends can form an important part of any portfolio.

However, unlike interest earned on a savings account, dividends are not guaranteed – which is why choosing stocks requires extra thought and care

Telegraph Money has picked out five of London’s most compelling dividend stocks to add to your portfolio.

The five dividend stocks to buy (and the ones to avoid)

Legal & General

Yield: 9.1pc

Legal & General is a popular choiceamong income investors for good reason. It is one of the highest-yielding stocks in the FTSE 100 and has not cut its dividend once in the last decade, which bodes well for future payouts.

However, its shares were buoyed recently by news of the recent sale of its US unit for $2.3bn to Japanese mutual life insurance company Meiji Yasuda.

Shell

Yield: 4.3pc

Shell recently raised its dividend by4pc despite a 16pc drop in profits last year.

The energy giant was hit by weaker oil and gas prices and lower demand in 2024, yet it still revealed another $3.5bn share buyback and a $4.7bn reduction in net debt at its recent full-year results, demonstrating its resilience even in difficult trading environments.

Richard Hunter, of stockbroker Interactive Investor, said: “As a stock, Shell faces the additional challenge of being in a sector which is the focus of some debate from an environmental perspective, with the ever-increasing possibility that some investors will be unwilling or unable to invest in the sector on ethical grounds.

Hargreaves Services

Yield: 5.9pc

Hargreaves Services provides services to the industrial and property sectors. Its shares are not as cheap as they once were after strong half-year results piqued investor interest. The group reported revenue of £125m in the six months ended November 2024, up from £110m in the same period of 2023.

Russ Mould, of stockbroker AJ Bell, said: “That plump yield means investors can wait patiently for Hargreaves Services to optimise returns from its multi-year infrastructure deals and land bank, where it regenerates brownfield sites for commercial or residential property development.”

Assura

Yield: 7.4pc

Real Estate Investment Trusts (Reits) have been out of favour of late as higher interest rates have hit commercial property prices.

Last year its £500m acquisition of 14 private UK hospitals from Northwest Healthcare Properties REIT diversified the portfolio.  This did push its net debt to £1.6bn but Assura hopes to reduce this through property disposals.

Phoenix

Yield: 10.8pc

Phoenix finished 2024 with the highest forward yield in the FTSE 100. Last year the savings and retirement business, which also owns Standard Life and SunLife, pledged to support a “progressive” and sustainable dividend policy.

Garry White, of wealth manager Charles Stanley, said: “Phoenix has attractive cash generation prospects, a sensible management team and good growth prospects of its open business, which manufactures and underwrites long-term savings and retirement products.

Red flags for dividend stocks

Mr White said it is important not to just choose stocks paying the highest yields.

“Sometimes this is a sign of distress. If the share price has fallen because the company is in difficulty, the dividend may be unsustainable.”

Instead you should look for companies with a history of maintaining or increasing their dividends.

Mr Mould said income investors may wish to measure the forecast dividend yield against four benchmarks to see if the returns on offer are worth the potential risks. These are: ten-year gilts (currently 4.63pc), rates on cash (around 5pc), inflation (3pc) and the wider equity market (currently a 3.4pc yield for the FTSE All-Share).

He said: “If a share offers a dividend yield near or above some or all four of these benchmarks, it may well be a worthy contributor to the income part of any portfolio.”

Pay close attention to dividend cover. This is a company’s ability to pay dividends out of profits. It can be calculated as prospective earnings per share (EPS) divided by prospective dividend per share (DPS).

A dividend cover of 2x is generally considered healthy. Anything below 1.0 could be cause for concern, unless the company has good cash flow and a strong balance sheet, or is a Reit, meaning it has to pay out 90pc of its earnings to maintain its tax status..

You want to check not just how profitable the company was in the most recent year but whether it has been consistently profitable over the last few.

Mr Mould said: “Company earnings can swing around, depending on their business model and how cyclical it is. Looking at average earnings cover over a decade gives a better feel for how well defended the dividend would be were something to go unexpectedly wrong.”

Other things to look at are operating free cash flow – net profit after capital expenditures – and a strong balance sheet. Watch out for high debt as well as leases and pension deficits as these must be paid and topped up.

Current Yield 5.42%

Discount to NAV 4%

THE MERCHANTS TRUST PLC
TOP 10 HOLDINGS AS AT  28 FEBRUARY 2025
LEI: 5299008VJFXCUD2EG312
Stock Name	Market Value	%
	£
GSK Plc	48,614,475	5.08
British American Tobacco Plc	43,204,000	4.52
Lloyds Banking Group Plc	41,598,600	4.35
Shell Plc	35,085,160	3.67
BP Plc	33,505,926	3.50
DCC  Plc	29,050,875	3.04
Rio Tinto Plc	28,041,975	2.93
Inchcape Plc	27,160,000	2.84
Barclays Plc	26,927,450	2.82
Tate & Lyle Plc	24,230,250	2.53
Total Gross Assets	956,331,528

A share to DYOR on if you want to buy a high yielder but want to pair trade to lessen the overall risk.