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Are the big income names white, grey or black?

The table shows the five new entrants into the White List, which calculates the best 14 funds in the sector based on consistent total returns and risk over five years.

Additions to White List

Fund name Net dividend yield 31/12/12 Net Income 5 years to 31/12/12
    (Based on £100 investment)
  % £
Schroder Income Maximiser 6.6% 30.6
PFS Chelverton UK Equity Income 5.3% 25.0
Premier Monthly Income 5.6% 22.4
Unicorn UK Income 3.5% 20.4
Rathbone Blue Chip Income & Growth 4.1% 17.7

Fund axed from White List – These funds have now gone into the grey list which can act as an early warning signal for a struggling fund, chart the rise of a new star or provide a temporary home for a high quality manager with an out-of-favour style.

Fund name Net dividend yield 31/12/12 Net Income 5 years to 31/12/12
    (Based on £100 investment)
  % £
Fidelity MoneyBuilder Dividend 4.5% 20.8
Threadneedle UK Monthly Income 5.0% 18.7
Franklin UK Equity Income 4.1% 18.6
Invesco Perp High Income 3.8% 16.9
St James’s Place UK High Income 3.9% 16.4

Selected Black List funds – The Black List aims not to highlight those experiencing fleeting difficulties, but to alert investors to those which have consistently provided sub-par returns.

Fund name Net dividend yield 31/12/12 Net Income 5 years to 31/12/12
    (Based on £100 investment)
  % £
Psigma Income 4.6% 17.7
Neptune Income 4.2% 17.1
Jupiter Income Trust 4.6% 17.1
SWIP UK Income 3.9% 15.4
AXA Framlington Equity Income 4.3% 15.0


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