Woodford Income Focus fund

Fund Focus


Woodford Income Focus fund

Neil Woodford has listed some surprise stock additions to his latest offering, the Woodford Income Focus fund. Housebuilders Crest Nicholson and Bovis Homes now feature with Taylor Wimpey and Barratt Developments moving into the top ten of Neil's stock picks. Various other property company holdings which also appear in Neil's other fund, the UK Equity Income fund, are also listed. These include NewRiver Reit, Sirius Real Estate, British Land, LondonMetric Property and Regional Reit. Neil, whose new fund is free of geographical constraints, said his portfolio holdings expressed his belief that "people were too downbeat about the UK economy", and that he saw "opportunities in the stock market, right here, right now". "The bearish mood has resulted in very big share price falls in some domestic cyclical sectors," said Neil. He describes some of his purchases as "eye catching".

In addition to housebuilders, banks have re-appeared as Lloyds shares were added to the portfolio, his first bank purchase for three years. Aviva, the insurer and National Grid, the utilities company, were also new additions to the fund manager's collection of stocks.

For further in depth information on this and other Neil Woodford funds, please visit www.woodfordfunds.com

CF Woodford Income Focus Fund as at 30 April 2017

Name Industry % (weight)
1 AstraZeneca Health Care 7.39
2 Legal & General Financials 6.59
3 Imperial Brands Consumer Goods 4.93
4 Provident Financial Financials 4.54
5 AbbVie Health Care 3.58
6 Lloyds Financials 2.66
7 Taylor Wimpey Consumer Goods 2.52
8 SSE Utilities 2.52
9 Barratt Developments Consumer Goods 2.50
10 ICG Financials 2.48
11 Aviva Financials 2.46
12 British American Tobacco Consumer Goods 2.45
13 Gilead Health Care 2.13
14 NewRiver REIT Financials 2.08
15 Lancashire Financials 2.04
16 Card Factory Consumer Services 2.02
17 Phoenix Financials 2.01
18 Next Consumer Services 2.00
19 Capita Industrials 1.89
20 Softcat Technology 1.87
21 Forterra Industrials 1.81
22 Raven Russia 12% pref Financials 1.63
23 Micro Focus Technology 1.53
24 Sirius Real Estate Financials 1.52
25 IAG Consumer Services 1.50
26 Saga Consumer Services 1.50
27 AA Industrials 1.49
28 Homeserve Industrials 1.48
29 Babcock International Industrials 1.47
30 Paypoint Industrials 1.43
31 Morses Club Financials 1.37
32 BCA Marketplace Industrials 1.37
33 National Grid Utilities 1.30
34 Leg Immobilien Financials 1.27
35 British Land Financials 1.25
36 Crest Nicholson Consumer Goods 1.22
37 Bovis Homes Consumer Goods 1.15
38 Raven Russia Financials 1.12
39 Eddie Stobart Logistics Industrials 1.09
40 Utilitywise Industrials 1.03
41 Redde Financials 1.03
42 Hansteen Financials 1.02
43 Londonmetric Property Financials 1.00
44 Watkin Jones Consumer Goods 1.00
45 Pennon Utilities 0.97
46 Topps Tiles Consumer Services 0.75
47 Non-Standard Finance Financials 0.66
48 Stobart Industrials 0.45
49 Hostelworld Consumer Services 0.39
50 Regional REIT Financials 0.27

Article posted - 6 June 2017

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