The Invesco Enhanced Income Limited is currently in a situation where the fund manager Invesco Perpetual has quit running the fund due to a dispute in management fees.
A £150m London Listed Investment Trust.
https://www.invescoperpetual.co.uk/uk/products/invesco-perpetual-enhanced-income-limited
The investment trust’s principal objective is to provide shareholders with a high level of income whilst seeking to maximise total return through investing in a diversified portfolio of high
yielding corporate and government bonds. The portfolio holds a core (around 47%) of non-financial high yield corporate bonds,focused on seasoned issuers that are considered have a low likelihood of default.
Top 10 holdings are:-
UniCredit International Bank 8.5925% FRN Perpetual, 8.125% FRN Perpetual 2.3% portfolio
Origin Energy 7.875% 16 Jun 2071 2.1% portfolio
Virgin Media Finance 7.0% 15 Apr 2023 (SNR), 5.125% 15 Jan 2025 (SNR) 2.0% portfolio
Premier Foods Finance FRN 15 Jul 2022 (SNR), 6.5% 15 Mar 2021 (SNR) 1.8% portfolio
NWEN Finance 5.875% 21 Jun 2021 (SNR) 1.8% portfolio
Standard Chartered 5.7% 26 Mar 2044, 5.125% 06 Jun 2034 1.8% portfolio
Enterprise Inns 6.5% 06 Dec 2018 (SNR), 6.375% 15 Feb 2022 (SNR) 1.8% portfolio
Société Genérale 8.875% FRN Perpetual, 7.875% FRN Perpetual 1.7% portfolio
Enel 7.75% 10 Sep 2075, 6.625% 15 Sep 2076 1.7% portfolio
NGG Finance 5.625% FRN 18 Jun 2073 1.7% portfolio
Total 18.7% portfolio
a yield of 6%