First, some background and additional points:
1) The portfolio includes individual shareholdings and also collective investments. The table first lists individual shareholdings in descending sector %, followed by collective investments in descending holding %. Over the last few years I have gradually been tilting the portfolio towards collectives and this will continue.
2) The portfolio is split roughly SIPP 2/3rds, ISAs 1/3rd. It is also split 62% individual shares, 38% collectives.
3) In addition to the investments listed, there is a further 5% in cash within the SIPP. This is awaiting a decision on what to invest in. I am largely agnostic between managed funds and low cost trackers.
4) The SIPP charges 0.25% for OEICs. Currently only the Fundsmith holding attracts this charge.
5) This portfolio represents my entire retirement fund, apart from State pension. My retirement is set for about 18 months time.
6) Despite the fall in dividends in 2020, the total income in 2020 when combined with State pension provides an income level that most British people would be happy with. Am I happy with it? Yes, just about, assuming that it’s a base level which will grow.
Code: Select all
Sector | Sector % | Holding | Holding %
Life Insurance | 10.0% | Legal & General | 8.4%
| | Std Life Aberdeen | 1.1%
| | Aviva | 0.5%
| | |
Mining | 7.3% | BHP | 5.5%
| | Rio Tinto | 1.4%
| | S32 | 0.3%
| | |
Construction & Materials | 6.1% | Morgan Sindall | 6.1%
| | |
Electricity | 5.5% | SSE | 5.0%
| | National Grid | 0.4%
| | |
Aerospace & Defence | 5.1% | British Aerospace | 5.1%
| | |
Tobacco | 4.9% | British American Tobacco | 3.1%
| | Imperial Brands | 1.8%
| | |
Banks | 3.7% | HSBC Bank | 3.5%
| | Lloyds | 0.2%
| | |
Travel & Leisure | 3.7% | Compass Group | 3.7%
| | |
Media | 2.9% | Pearson | 2.9%
| | |
Mobile comms | 2.4% | Vodafone | 2.4%
| | |
Gas, Water & Multiutilities| 2.1% | United Utilities | 1.8%
| | Centrica | 0.2%
| | |
Food & Drug Retailers | 2.0% | Morrisons | 1.1%
| | Tesco | 0.8%
| | Sainsburys | 0.1%
| | |
Personal Goods | 1.6% | Unilever | 1.6%
| | |
Pharmaceuticals | 1.5% | Glaxo SmithKline | 1.5%
| | |
Food Producers | 1.3% | Tate & Lyle | 1.3%
| | |
Real estate | 1.1% | British Land | 0.8%
| | Land Securities | 0.3%
| | |
General Financial | 0.8% | IG Group | 0.7%
| | International Personal Finance | 0.1%
| | |
Industrial Transportation | 0.3% | Royal Mail Group | 0.3%
| | |
General Retailers | 0.1% | Dixons Carphone | 0.1%
| | |
| | |
Collectives | | Vanguard Developed Asia ex-Jpn | 10.2%
| | Fundsmith I Inc | 5.5%
| | Murray International | 5.2%
| | Aberdeen Asia Income | 5.2%
| | Witan | 4.2%
| | Scottish Mortgage Trust | 3.8%
| | Henderson Far East | 1.7%
| | Aberdeen Diversified Inc & Growth | 1.3%
| | 3i Group | 0.6%