Can the LWDB share price keep climbing?
The Law Debenture Corporation (LSE: LWDB) share price is up almost 20% in the last six months. And the stock has increased more than 40% during the past 12 months. Of course, previous performance isnt an indication of future returns. But I reckon the LWDB share price can keep climbing. The investment trust offers an attractive dividend yield, which income hungry investors, like me, cant ignore. Heres why Id snap up the shares. 5G is here  and shares of this sleeping giant could be a great way for you to potentially profit! According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air And if you click here well show you something that could be key to unlocking 5Gs full potential... The portfolio  LWDB is an investment trust that invests in UK stocks with various market caps. Its benchmarked against the FTSE Actuaries All Share Index and aims to deliver a higher total return than this. The 1bn portfolio is typically diversified across 140 stocks. As I mentioned, this is mainly UK shares, of which typically 66% is invested in FTSE 100 companies, 33% in UK mid- and small-cap firms, with the remainder distributed across global companies. This includes North America, Europe, Asia, and the rest of the world where the fund managers believe there are opportunities. What I really like about LWDB is that the portfolio turnover is low. This means that the fund managers hold onto investments for the long term and arent chopping and changing the holdings frequently. According to the investment trusts factsheet for May, it holds the likes of BP, Royal Mail, and Lloyds. Fund managers  LWDB is managed by James Henderson and Laura Foll. Both have been working together for over 10 years managing UK equity income portfolios. The investment pair have developed a contrarian investment style. This means that they will look for out-of-favour stocks that are trading at valuation discounts to their long-term historical average. The duo are also looking for high-quality companies with strong competitive advantages at attractive valuations. I like that the pair dont want to overpay for a stock and they invest for the long term. Performance  The LWDB share price is trading in line with the investment trusts net asset value (NAV). This mean that I wouldnt be paying a premium for the stock. It also has an attractive dividend yield of approximately 3.5%. Ive looked at the other investment trusts within the UK equity income sector and LWDB has delivered a strong performance versus its peers. Of course, theres no guarantee this will continue. But it gives me some comfort that the fund managers have a good long-term track record. This is one of the reasons why I think the LWDB share price could climb further. My view  I think LWDB offers a diversified way to gain exposure to UK stocks and get an attractive income. But theres no certainty that the investment trust will continue to pay out its generous dividend. I reckon the LWDB share price has risen as investors are on the hunt for income. Again, theres no guarantee this trend will continue and it could impact the stock. Investors will also have to pay for the fund managers expertise with an ongoing charge of approximately 0.57%. Despite these risks, as a long-term investor, I think LWDB is a UK equity income investment trust that has a good performance track record. Id buy the shares.