Neil Woodford has revealed the full list of holdings in his newly launched £645m Income Focus fund, with names such as AstraZeneca, Legal & General and Lloyds in the top ten.
Launched in April, the Income Focus fund does not have a yield target but aims to deliver an income of 5% per share in its first full calendar year in 2018. It also sits in the IA Specialist sector, does not have any geographical constraints and will not hold unquoted stocks, unlike Woodford's Equity Income offering. According to the latest breakdown, the new Income Focus fund has a more concentrated portfolio of 50 holdings, compared to 131 for the Equity Income fund. A total of 32 holdings in Income Focus also feature in the existing fund, with Woodford previously indicating there ...
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