Juliet model portfolio - immediate income, higher risk
- Investors looking primarily to maximise their starting income and to maintain the value of their capital who are prepared to take greater risks with their capital to achieve these aims.
- Investors must be able to afford for their income to fall and to lose some of their capital under a worst case scenario.
- May be suitable for retired investors with other secure sources of income who are seeking to maximise the income returns from their capital.
- May also appeal to investors approaching retirement who can opt to reinvest their dividends until required as part of a growth strategy.

Fund | Role in portfolio | |
---|---|---|
Artemis Global Income | Invests in strong companies globally for income, has low UK content. | View Factsheet |
Picton Property Income | Commercial property is still an attractive source of income and this trust trades at a much lower premium (2 per cent) than the F&C Commercial Property trust it replaces. | View Factsheet |
TB Wise Income | Looks for attractive income-paying assets across the widest spectrum. | View Factsheet |
Marlborough Global Bond | Highly diversified bond fund which aims to produce a high, low risk, income. | View Factsheet |
Axa Framlington Monthly Income | Mixes high-yiedling stocks with lower-yielders that have growth potential. | View Factsheet |
Premier Optimum Income | Similar income to the Schroder Income Maximiser fund it replaces but with better total return. | View Factsheet |
Although consisting mainly of equity funds, this portfolio contains a mixture of three asset classes. Marlborough Global Bond gives it a broad based fixed interest content with an above average yield for its sector. Picton Property Income has a similar yield to its predecessor F&C Commercial Property but trades at a lower premium of 2 per cent.
Axa Framlington Monthly Income is included with its yield of more than 4 per cent from a mix of high-yielding stocks and lower-yielding companies with growth potential Run by industry veteran George Luckraft. Premier Optimum Income can provide a good level of income and an enhanced total return. TB Wise Income can invest in income-paying assets across the widest spectrum, including fixed interest, commercial property, shares and alternatives such as private equity and infrastructure, anywhere in the world. Finally, Artemis Global Income gives the portfolio its international exposure.
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2018
Sell Rathbone Income
Buy Axa Framlington Monthly Income
A yield of 4 per cent from mainly blue chip names such as BP and AstraZeneca.
2018
Sell Schroder Income Maximiser
Buy Premier Optimum Income
Provides good income combined with decent returns.
2017
Sell F&C Commercial Property
Buy Picton Property Income
This trust has a similar yield to the F&C trust it replaces but trades at a much lower premium of 2 per cent.
2017
Sell Invesco Perpetual Income
Buy TB Wise Income
Can invest in income-paying assets across the widest spectrum.
2016
Sell Henderson UK Property
We feel it would be highly advantageous to hold our property exposure in a closed-ended fund.
Buy F&C Commercial Property
Provides attractive source of income and has strong performance record.
2015
Sell AXA Global High Yield
Concerned about narrow focus on high yield bonds.
Buy Marlborough Global Bond
Well diversified fund with scope to invest in all types of bonds.
2014
Sell CF Miton UK Multi Cap Income
Soft closed.
Buy Rathbone Income
Dependable multi cap UK equity income fund.
Sell Schroder Global Equity Income
Change of manager.
Buy Artemis Global Income
Good international diversification with low exposure to the UK.
2013
Sell M&G Optimal Income
Falling yield has made fund less attractive for immediate income seekers.
Buy Henderson UK Property
More attractive yield and scope for income and capital growth.
Sell Kames High Yield
Disappointing performance.
Buy CF Miton UK Multi Cap Income
Attractive yield with bias towards small and medium sized companies.
Sell Murray International
Premium to net asset value too high making it unattractive to new investors.
Buy Schroder Global Equity Income
Invests internationally in solid companies with stable business models.
2012
Buy AXA Global High Yield
Provides high income from high yielding global bonds.
Buy Kames High Yield
Provides high income from high yielding global bonds.
Buy Invesco Perpetual Income
Solid UK equity income performer.
Buy M&G Optimal Income
Strategic, go-anywhere bond fund.
Buy Murray International
Provides global diversification with significant exposure to Asian and emerging market equities.
Buy Schroder Income Maximiser
UK equity income fund with enhanced yield from sales of options.