The Invesco Perpetual High Income Fund is one of the largest unit trusts (or mutual fund) in UK with an asset base of about £11.0 billion . The fund aims to achieve a level of high income together with capital growth. The fund invests most of the assets in UK-listed companies with the remaining in other countries. Veteran fund manager Mr.Neil Woodford has run the fund since its inception in October 1988 and the S&P Fund Management Rating is ‘AAA’. The dividend yield of the fund is 3.90% based on the local currency.

Unlike other mutual funds, Invesco Perpetual High Income Fund is light on financials with just over 6% of the portfolio allocated to this sector. About 69% of the fund’s assets are invested in health care, consumer goods and industrials.

Investors looking to add equities for income can consider some of the holdings held by the fund. The top 10 holdings of the fund are listed below with their US market tickers and dividend yields:

1.Company: AstraZeneca PLC (AZN)
Current Dividend Yield: 6.00%
Sector: Biotechnology & Drugs

2.Company: GlaxoSmithKline PLC (GSK)
Current Dividend Yield: 5.10%
Sector:Major Drugs

3.Company: Reynolds American Inc (RAI)
Current Dividend Yield: 5.58%
Sector: Tobacco

4.Company: British American Tobacco PLC (BTI)
Current Dividend Yield: 4.20%
Sector: Tobacco

5.Company: BG Group PLC (OTC:BRGYY)
Current Dividend Yield: 1.09%
Sector: Oil & Gas Operations

6.Company:Vodafone Group PLC (VOD)
Current Dividend Yield: 5.46%
Sector: Telecom

7.Company: Roche Holding AG (OTC:RHHBY)
Current Dividend Yield: 4.58%
Sector: Major Drugs

8.Company: BT Group PLC (BT)
Current Dividend Yield: 4.14%
Sector: Telecom

9.Company: Imperial Tobacco Group PLC (OTC:ITYBY)
Current Dividend Yield: 4.31%
Sector: Tobacco

10.Company: Reckitt Benckiser Group PLC (OTC:RBGPY)
Current Dividend Yield: 3.82%
Sector:Personal & Household Products

Note: Dividend yields noted are as of Nov 18th, 2011

Disclosure: No Positions