Fact sheet: The Divrs Inc Tst PLC

Fund information
Fund name
The Diverse Income Trust PLC Ord 0.1P
Fund manager company
Miton Trust Managers Limited
Fund type
Investment Trust
Fund managers
  • Martin Turnersince 27/04/2011
  • Gervais Williamssince 27/04/2011
Accolades
Fund objective
The Company’s investment objective is to provide Shareholders with an attractive level of dividends in businesses with the prospect of dividend growth. This trend should also be reflected in some capital growth over the long term. It will invest primarily in quoted or traded UK companies with a wide range of market capitalisations and a long-term bias toward small and mid cap equities. It may also invest in large cap companies, including FTSE 100 constituents, where it is believed that this may increase shareholder value.
Benchmark
  • No Specified Index
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
-1%
1 Year rank in sector
20/24
Sector
IT UK Equity Income
Yield
3.1%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.18%
Fund size
£351m
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
132
Mid price
90.75
NAV
?Net asset value. The NAV per share may be higher or lower than the share price, which in turn is trading at either a discount or a premium to NAV.
90.51
Discount/Premium
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
+1.09
Gearing
?Investment trusts have the ability to borrow money which they invest with the aim of generating a higher return than the cost of the loan. An ungeared trust has a figure of 100. A figure of 110 would represent a trust with 10% gearing.
100
Top in this sector
Fund name1 Year
Tmpl Br IT PLC15.2%
Murray Inc Tst PLC11%
Shires Income plc9.7%
F&C Cap & Inc IT PLC9.1%
Finsbury Growth & Inc Tst PLC8.7%
...more in IT UK Equity Income

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund5.4%-0%-1.3%-1%25.4%140.5%
Sector2.2%-1%4.7%3.1%12.5%69.5%
Rank within sector6 / 2411 / 2421 / 2420 / 245 / 242 / 24
Quartile1st2nd4th4th1st1st
Calendar performance
 YTD - 20162015201420132012
Fund-2.7%20.1%4.3%43.5%39.1%
Sector2.6%3.8%3%29.8%20%
Rank within sector21 / 243 / 2414 / 246 / 241 / 24
Quartile4th1st3rd1st1st
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
4.6
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.04
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.32
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
14.56
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
12.13
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.33
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.3
Price movement
52 week high97
52 week low74
Current bid price91.75
Current offer price93
Current mid price90.75
Region
1UK100%
Industry sector
No data available.
Asset type
1UK Equities100%
Individual holdings
1CHARLES TAYLOR PLC2.6%
2BURFORD CAPITAL LIMITED ORD NPV2.1%
3STOBART GROUP LTD2%
44IMPRINT GROUP PLC1.9%
5FTSE PUT OPTION1.8%
6IG DESIGN GROUP1.8%
7LOK`N STORE GROUP1.7%
8POWERFLUTE OYJ1.6%
9SAFESTYLE UK PLC1.5%
Management
Fund manager group
PSigma Unit Trust Managers
Fund manager company
Miton Trust Managers Limited
Fund type
Investment Trust
Fund objective
The Company’s investment objective is to provide Shareholders with an attractive level of dividends in businesses with the prospect of dividend growth. This trend should also be reflected in some capital growth over the long term. It will invest primarily in quoted or traded UK companies with a wide range of market capitalisations and a long-term bias toward small and mid cap equities. It may also invest in large cap companies, including FTSE 100 constituents, where it is believed that this may increase shareholder value.
Benchmark
  • No Specified Index
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Martin Turner27/04/2011Martin Turner joined Miton Group plc in May 2011. Prior to Miton, Martin has spent 25 years in the City. He qualified as a Chartered Accountant with Arthur Andersen in 1995 before moving to Rothschild and in time on to Head of Pan European Mid and Small Caps 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.
Gervais Williams27/04/2011Gervais Williams joined Miton Group plc in 2011. He manages a number of funds that aggregate to over £1bn, including the Miton UK MicroCap Trust. He is also Managing Director at Miton Group plc, the independent listed fund management group. 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, a board member 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. Gervais is Fund Manager of the CF Miton UK Multi Cap Income Fund, CF Miton UK Smaller Companies Fund, Miton Income Fund, Diverse Income Trust plc, The Investment Company plc and Miton UK MicroCap Trust plc. He was recently awarded Fund Manager of the Year 2014 by What Investment.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom
The Diverse Income Trust PLC NFV
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price90.54
CurrencyGBX
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0WPG
The Diverse Income Trust PLC NPV
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price90.54
CurrencyGBX
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0IMN
The Diverse Income Trust PLC Ord 0.1P
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price88.48
CurrencyGBX
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNJPM
Data provided by

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