Coronavirus - we're here to help
From how to access your account online, scam awareness, your wellbeing and our community we're here to help.

Skip to main content
  • Register
  • Help
  • Contact us
  • Log out of your HL account

Diverse Income Trust plc (The) (DIVI) Ordinary 0.1p

Sell:81.00p Buy:84.00p 0 Change: 4.00p (4.71%)
Market closed Prices as at close on 7 July 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend
Sell:81.00p
Buy:84.00p
Change: 4.00p (4.71%)
Market closed Prices as at close on 7 July 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend
Sell:81.00p
Buy:84.00p
Change: 4.00p (4.71%)
Market closed Prices as at close on 7 July 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Objective

The company will invest primarily in quoted or traded UK companies with a wide range of market cap but a long-term bias toward small and mid-cap equities. The company will also invest in large cap companies, including FTSE 100 constituents, where it is believed that this may increase shareholder value. The Company may utilise derivative instruments including index-linked notes, contracts for differences, covered options and other equity-related derivative instruments. The company may invest in unquoted companies however the aggregate investments in such companies will not exceed 5% of the value of the Funds investment portfolio as at the time of investment.
Sector Weight
Financial Services 28.14%
Basic Materials 15.01%
Technology 10.17%
Energy 8.12%
Consumer Defensive 7.63%
Industrials 7.59%
Consumer Cyclical 6.14%
Healthcare 4.03%
Real Estate 3.70%
Communication Services 3.40%
Country Weight
United Kingdom 82.66%
United States 2.63%
Egypt 2.58%
Australia 1.89%
Canada 1.64%
China 1.34%
Russia 1.27%
Israel 1.18%
Germany 1.12%
South Africa 1.09%

Fee Structure

The management fee of 0.9% p.a. on the average market cap of the Company up to GBP 300m, 0.8% p.a. between GBP 300m and GBP 600m and 0.7% p.a. above GBP 600m.The Management Agreement is terminable by not less than 12 months written notice.

Dividend Policy

The Company pays a quarterly dividend in February, May, August and November. The board will target an annualised dividend yield of 4% and will seek to grow dividend progressively.

ASSET SPLIT

Total number of holdings: 149.

Trust Manager

Gervais Williams

Manager Bio

Gervais Williams joined Miton Group plc in 2011. He manages a number of funds and trusts that aggregate to just under £2.0bn. He is also Senior Executive Director at Miton Group plc. His fund management career extends over 30 years including 17 years at Gartmore Group Ltd, where he was head of UK Small Companies investing in UK smaller companies and Irish equities. Gervais is a member of the AIM Advisory Council, chairman of the Quoted Companies Alliance and a board member of The Investment Association. He is also on the EU Taskforce reviewing why the number of smaller IPOs has declined over recent decades. Gervais Williams published his first book 'Slow Finance' in the autumn of 2011, and his second book 'The Future is Small' was published in November 2014. His most recent book 'The Retreat of Globalisation' was published in December 2016.

Board Of Directors

Michael WrobelChairman, Paul Craig, Andrew Bell, Calum Thomson, Caroline Kemsley-Pein, Michelle McGrade

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.