Diverse Income Trust (The) (DIVI)

Business description

DIVI targets an attractive and growing level of income with long-term capital growth, investing in a diversified portfolio of primarily UK-listed equities. It has a stronger focus on small and very small market capitalisation stocks than is typical of the UK Income & Growth peer group. As a stock specific portfolio there is no benchmark but the trust targets an initial yield of around 4% for the period to 31 May 2012 and income growth higher than other income funds.

Stock data

Market cap.£389.2m
Last close101.50p
High / Low (52 weeks)104.0p / 90.8p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamInvestment Companies
SectorInvestment Companies

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Company news

Investment summary

The Diverse Income Trust (DIVI) invests in UK listed companies across the market capitalisation spectrum. It aims to deliver good and growing dividends as well as capital returns. Over two-thirds of its investments are outside the FTSE 350 index of large and mid-cap stocks, and the managers believe the small-cap universe is still rich in opportunities. The fund also seeks to minimise the scale of downside risk, and therefore the portfolio currently includes FTSE 100 put options. DIVI’s share price has risen by around 110% since launch in April 2011 to end-September 2017, outperforming the FTSE All-Share index by over 50%.

Last updated on 16/10/2017

Latest video

Bitesize Briefings - The Diverse Income Trust

Key management

Michael Wrobel, Chairman
Gervais Williams, Fund manager
Martin Turner, Fund manager

Company address

10-14 Duke Street
Reading
Berkshire
RG1 4RU
United Kingdom
+44 (0) 118 952 8900
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