Usually these funds will:
- have over 80% invested in quoted UK shares, fixed income or other high-yielding securities;
- less than 80% in fixed income securities;
- a majority of equity investments in medium to giant cap companies;
- an investment objective/policy will often be to generate majority of returns from income;
- a majority of expenses allocated to revenue;
- a portfolio or dividend yield above the average market yield; and
- a UK benchmark