DIVERSE INCOME TRUST PLC(THE) ORD GBP0.001
Symbol: DIVI
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Whilst we endeavour to price investments on a real-time streaming or 15 min delayed basis, some prices may be as at close of business from the previous working day.
Invest in this share within an ISA, JISA, SIPP or Investment Account
Past Performance
- 4th May 2020 to 4th May 202159.39%
- 4th May 2021 to 4th May 2022-4.11%
- 4th May 2022 to 4th May 2023-15.61%
- 4th May 2023 to 4th May 20243.35%
- 4th May 2024 to 4th May 202516.14%
Key Information
| Benchmark | N/A |
| Sector | IT UK Equity Income |
| Gearing | 100% |
| Ex-Dividend Date | 20 Mar 2025 |
| Dividend Pay Date | 30 May 2025 |
| Total Dividends - Year to Date | 4.35 |
| Dividend Yield (%) | 4.5789 |
Net Asset Value (Nav)
| Latest actual NAV | 99.45 |
| Latest actual NAV date | 1/05/2025 |
| NAV frequency | Daily |
| Premium/Discount | -4.47% |
Charges
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Total Ongoing Charges
Please note that whilst we endeavour to show all charges associated with specific funds, sometimes this is not possible due to the information not being made available by the fund provider. In such cases transaction or incidental cost information may be missing. |
1.34% |
| Performance Fee | No |
| AMC | 0.80% |
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Our Platform Charge
We charge a platform fee of 0.30% per annum on the value of all stocks & shares held across all accounts, minimum £50 and maximum £600 per annum, charged pro-rata monthly in arrears. A full list of our rates and charges can be found here . |
0.30% |
Cost and Charges Information
This calculator provides you with costs and charges information regarding our charges and, where relevant, the costs within this investment product
Account Type
Annual charges
These are the annual costs based on an initial investment amount of over 1 year assuming a net zero growth rate
| Cost Category | % of Investment | lump sum costs |
|---|---|---|
Our annual fee
Our annual feeIncludes our platform fee at 0.30% per annum (excluding Charles Stanley Multi Asset Funds and anycash held). The min fee is £60, the max is £600 per annum, plus SIPP administration fee (if applicable, only charged if < £30,000 held) – see here |
0.30% | |
Dealing charges
Dealing chargesAny one-off commission charges associated with investing. Note that government taxes and levies are not included. This does not include any commission credits you may have available |
N/A | |
Product provider costs
Product provider costsProduct provider costs shown are inclusive of the fund ongoing charges figure (OCF), transaction costs and incidental costs |
1.34% | |
Total (£)
Total (£)Costs per annum displayed in monetary value |
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Total (%)
Total (%)Costs per annum displayed as a percentage of investment value |
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Cumulative effect of charges on your investment's return
This illustration assumes that costs occur evenly throughout the year, charges are paid out of the investment evenly throughout the year, and that an annual growth rate of applies evenly throughout the year, before any charges including product charges
| lump sum invested with an assumed growth rate of | 1 year | years |
|---|---|---|
What you might get back at with no charges applied
What you might get back at with no charges appliedThese are the illustrative values of a investment after growth and no costs applied at the end of the defined period |
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Annual charges
Annual chargesThese are the annual costs based on an initial investment amount of assuming a net zero growth rate |
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Effect of charges on return (%)
Effect of charges on return (%)These are the overall costs in percentage terms, based on an initial investment amount of assuming a growth rate |
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Effect of charges on return (£)
Effect of charges on return (£)These are the overall costs in monetary value, based on an initial investment amount of assuming a growth rate |
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What you might get back at with charges applied
What you might get back at with charges appliedThese are the illustrative values of a investment after growth and costs at the end of the defined period |
This illustration is not a forecast of future investment performance but merely a means to demonstrate the potential impact of costs and charges for an assumed return of . Whilst we make reasonable endeavours to ensure the accuracy of third party charges information, this is intended for illustrative purposes only and should not be relied upon. We do not warrant or represent that this information is accurate, complete or up to date, therefore we accept no responsibility or liability for its use
Company
Business Summary
The Diverse Income Trust plc (the Trust) is a United Kingdom-based investment trust. The Trust’s primary objective is to pay shareholders a growing dividend principally derived from those paid by a portfolio of listed United Kingdom companies. The Trust’s strategy is maximizing the potential for dividend growth, as companies that generate the long-term dividend growth are often those that deliver the capital return. The Trust invests primarily in United Kingdom-quoted or traded companies with a range of market capitalizations but a long-term bias toward small and mid-cap equities. The Trust may also invest in large cap companies, including FTSE 100 constituents, where it is believed that this may increase shareholder value. The Trust’s entire portfolio is predominantly invested in publicly listed stocks, cash and an option. Premier Portfolio Managers Limited acts as the alternative investment fund manager of the Trust.
Financial Summary
BRIEF: For the six months ended 30 November 2024, Diverse Income Trust PLC revenues increased from -£2M to £9.3M. Net income totaled £8.6M vs. loss of £3.4M. Revenues reflect Gains on investments held at fair value increase from -£9.3M to £3.1M, Losses on derivative contracts increase from -£848K to £0K. Net Income reflects Bank deposit interest increase of 87% to £713K (income), Other expenses decrease of 2% to £428K (expense).
Performance
Cumulative Performance
| 1 month | 3 months | 6 months | 1 year | 3 years | 5 years |
| 3.90% | 3.30% | 6.95% | 16.14% | 1.29% | 54.81% |
Important Information
Headline performance can mask the true characteristics of a fund. Without fully understanding how a fund is managed, you may inadvertently become exposed to an undesirable level of risk to your capital. Some funds carry a dilution levy which reduces the number of units realised on any initial investment as an initial charge. If this fund carries such a levy it should be detailed in the Key Investor Information Document (KIID), which we must provide and you should read before investing.
The charts and performance data shown are supplied by an external data provider and may contain data that appears to precede the introduction of the clean unit class for this fund. In such cases, historical data has been synthesised at the entire discretion of that external provider as realistically as possible using historical data recorded against the previously available commission-paying version of the fund, adjusting for fees in the process.
Composition
View Fund Allocation by:
Important Documents
The documents listed below are the latest versions made available to our data provider by the fund management group, but may not necessarily reflect the applicable charges that would be levied should you purchase this fund via Charles Stanley Direct. You should treat the charges and other figures shown in the 'Overview' tab as accurate.
The Fact Sheet is supplied on a monthly basis by the management group and provides limited information on the fund. Past performance data and a review of how the fund has performed are commonly featured.
389,308 bytes PDF Document; last updated 31 Mar 2025
128,064 bytes PDF Document; last updated 05 Mar 2025
2,637,614 bytes PDF Document; last updated 31 May 2024
2,254,194 bytes PDF Document; last updated 30 Nov 2024
Management Team
Martin Turner Gervais Williams
Martin Turner
has managed this fund for 13 years and 11 months.
Martin Turner joined Premier Miton in May 2011. Martin's career began in 1992 with Arthur Andersen where he qualified as a Chartered Accountant. He has previously worked at Rothschild and as Head of Pan European Mid and Small Cap Sales at Merrill Lynch. Following this, Martin was Head of Sales at Teathers/Landsbanki before taking the Head of Small/Mid Cap Equities role covering research, sales and trading at Collins Stewart. Martin graduated from Warwick University with a degree in Accounting and Financial Analysis.
Manager Cumulative Performance v Peer Group
Gervais Williams
has managed this fund for 14 years .
Gervais Williams joined Premier Miton in March 2011. He is Head of Equities and manages a number of funds and trusts. 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 and President of the Quoted Companies Alliance. He was a member of the Patient Capital Review panel with the Chancellor of the Exchequer where the recommendations were put into legislation in the subsequent budget. Gervais has published three books, 'Slow Finance' in the autumn of 2011 (Bloomsbury), 'The Future is Small' was published in November 2014 (Harriman House) and 'The Retreat of Globalisation' published in December 2016 (Harriman House).
Manager Cumulative Performance v Peer Group
Financials
Income Statement - All values are in GBP (M).
|
Year Ending |
31/05/2024 |
31/05/2023 |
31/05/2022 |
31/05/2021 |
31/05/2020 |
31/05/2019 |
|---|---|---|---|---|---|---|
| Total Revenue | 44.72 | -59.32 | -9.55 | 123.45 | -5.16 | -19.05 |
| Gross profit | 42.36 | -62.25 | -13.24 | 120.26 | -8.26 | -22.77 |
| Operating Profit/Loss | 41.48 | -63.14 | -14.01 | 119.52 | -9.09 | -23.55 |
| Profit Before Tax | 42.14 | -62.82 | -14.01 | 119.57 | -9.07 | -23.54 |
| Profit After Tax | 41.95 | -62.92 | -14.26 | 119.03 | -9.19 | -23.78 |
| Equity Holders of Parent Company | 41.95 | -62.92 | -14.26 | 119.03 | -9.19 | -23.78 |
| Minority Interest | NIL | NIL | NIL | NIL | NIL | NIL |
Balance Sheet - All values are in GBP (M).
|
Year Ending |
31/05/2024 |
31/05/2023 |
31/05/2022 |
31/05/2021 |
31/05/2020 |
31/05/2019 |
|---|---|---|---|---|---|---|
| Total Non-Current Assets | 292.69 | 278.93 | 377.59 | 414.82 | 310.40 | 326.25 |
| Total Current Assets | 19.29 | 37.72 | 22.92 | 13.26 | 28.53 | 39.40 |
| Total Assets | 311.98 | 316.66 | 400.51 | 428.08 | 338.93 | 365.64 |
| Total Liabilities | 78.26 | 0.38 | 0.40 | 0.44 | 2.92 | 0.40 |
| Total Net Assets | 233.71 | 316.28 | 400.11 | 427.64 | 336.01 | 365.24 |
| Shareholders Funds | 233.71 | 316.28 | 400.11 | 427.64 | 336.01 | 365.24 |
| Minority Interests | NIL | NIL | NIL | NIL | NIL | NIL |
| Total Equity | 233.71 | 316.28 | 400.11 | 427.64 | 336.01 | 365.24 |