RE: which inv trust25 Nov 2021 20:17
as the table says - CITY have put aside an amount equal to 2.3 twelves of a years dividend as a reserve fund, JPM have put aside 10.4 twelves of a years dividend as a reserve fund, but city yield 0.9% more than jpm.
These reserves act as a buffer against any year where there is a reduced income from the trusts investments - the shortfall can be taken from the reserve.