Best Stocks & Shares ISA Funds For Income - 5 Top Picks In 2020
With UK interest rates at a record low, if you are seeking income we have selected our 5 top picks that provide monthly, quarterly or bi-annual income payments to investors within an ISA.
1. AVIVA Listed Equity Income
Getting paid a regular income is a priority for many investors. Whether you're in retirement, or want to boost your existing income, an equity income fund could be right for you. Even if you do not need income now, you can opt to reinvest it to boost capital growth.
An emphasis on dividends and dividend growth makes this fund a more traditional UK equity income fund, in our view, so it could help form the foundation of an income portfolio.The fund has an ongoing charge of 0.81% pa.
The fund has an historic yield of 4.79% (As at 31/5/2020) with income paid twice yearly.
This fund is available via:
2. Artemis High Income
If you are looking for a high income yield and prepared to accept higher volatility then this fund may fit the bill.
With a focus on high yield bonds and shares, the fund manager Alex Ralph is an experienced bond investor who has a flexible approach to seeking out the best income opportunities. The fund has an ongoing charge of 0.73% pa.
The fund has a current distribution yield of 5.29% (As at 30/4/2020) with income paid monthly to investors.
This fund is available via:
3. HL Multi-Manager High Income
In a world of ultra low interest rates the Hargreaves Multi Manager High Income fund aims to deliver a high monthly income to clients by blending different types of funds and moving between different areas of the market when more attractive opportunities emerge.
HL also aim to grow this income payment over time and therefore may invest in higher risk smaller companies they believe offer great potential for long term capital growth. The fund has an ongoing charge of 1.27% pa.
The current distribution yield of the fund is 5.03% (As at 31/5/2020) with income paid monthly to investors.
This fund is available via:
4. Jupiter Asian Income
For investors who are looking for income from investing in Asia, then this fund run by Jason Pidcock might fit the bill. The fund is just over 4 years old and has a focus on companies that have strong balance sheets, are willing to pay regular dividends, and have realistic growth ambitions.
In terms regional investing Pidcock prefers to invest in Asia’s more established economies such as Australia, Singapore and South Korea. Jupiter Asian Income is prudently managed and provides an attractive quarterly income. The fund annual ongoing charge is a reasonable 0.98 per cent.
The current distribution yield of the fund is 3.70% (As at 31/5/2020) with income paid monthly to investors.
This fund is available via:
5. Fidelity Moneybuilder Income Fund
This fund has a conservative approach to bond investing. The focus is on quality companies that are in good financial health and generate enough cash to keep paying bondholders.
Aims to provide a relatively steady income and a small amount of growth, without taking excessive risks. It could help diversify a portfolio focused on shares, or be used as a way to limit volatility during tougher times for stock and bond markets. The fund has an ongoing charge of 0.56% pa.
The current distribution yield of the fund is 3.20% (As at 30/4/2020) with income paid monthly to investors.
This fund is available via:
Important:
This website contains information only and does not constitute advice or a personal recommendation in any way whatsoever. The value of investments and income from them can fall as well as rise and you may not get back the full amount invested. The tax efficiency of ISAs is based on current tax law and there is no guarantee that tax rules will stay the same in the future.If you are in any doubt as to the suitability of a particular investment, both in respect of its objectives and its risk profile, you should seek independent financial advice.
