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The portfolio leans heavily to "value stocks," reliable companies with stable earnings.
Having a mix of businesses brings more stable earnings and can boost income through cross-selling.
Income trusts were designed for mature companies, with stable earnings and little need of capital investment.
Companies having relatively stable earnings over a period of years tend to pay high dividends.
He said these companies had fairly stable earnings and had benefited from falling short-term interest rates.
The companies' stable earnings may be less appealing this time because the sector faces some new risks.
Wall Street firms like Merrill and Citigroup are increasingly reliant on their wealth management businesses because they provide stable earnings.
And in general, he looks for companies with stable earnings that demonstrate improved earnings growth or profitability.
If Jenkins thinks a radically slimmed-down version has a chance of achieving stable earnings, he's entitled to try.
The news came as Siemens reported stable earnings for the second quarter of the fiscal year despite a decline in sales and orders.
"Research indicates that high market-power companies have high returns on equity, stable earnings growth and good long-term earnings," she said.
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CEO of Professional Science Editing for Scientists @ prosciediting.com