The City of London Investment Trust, is a £1 Billion listed investment vehicle that a member of the FTSE-250 Index founded in 1891.
Managed by the London investment house, Henderson Investors, shareholders are getting a generous dividend of 3.8% yield.
[https://www.henderson.com/ukpi/fund/169]
This top 10 holdings are:
1 HSBC 5.70%
2 British American Tobacco 5.28%
3 GlaxoSmithKline 5.13%
4 Royal Dutch Shell 5.11%
5 Vodafone 4.91%
6 Diageo 4.23%
7 BP 3.52%
8 Unilever 2.94%
9 Scottish & Southern Energy 2.23%
10 Centrica 2.22%
Top 10 investments make up = 41.27% of the fund and the 40 largest investments represent 74.42% of the whole portfolio. Mainly investing in large cap companies, that provide stable returns.
The single largest shareholder in The City of London Investment Trust is Legal and General Investment Management, who hold 3.12% of the shares.