Abrdn Diversified Income... Share Discussion Threads

[riskvsreward] 11/5/2021 23:09

I think this is a fund of funds kind of trust that means compounded charges, which I dislike, especially if the funds in their portfolio are unit trusts and etfs. If they are close-ended trusts on discount, you may get compounded discounts which if big enough may make the double charges more bearable.

[hugepants] 11/5/2021 22:52

ASI, ADIG’s investment manager, is paid an annual management fee of 0.5% of net assets up to £300m and 0.45% thereafter. Investments in ASI funds that invest directly in alternative assets, such as infrastructure or property, are charged at the lowest institutional rate, while fees charged on ASI funds that do not invest directly in alternatives are waived or rebated to ADIG. There is no performance fee. Management fees and financing costs are charged at a ratio of 60% to capital and 40% to revenue (with effect from 1 October 2018; previously 65:35). At end-FY20, ADIG’s ongoing charges were 0.84%, unchanged compared to end-FY19.

[tiltonboy] 11/5/2021 22:46

Nobody is exempt from paying the annual management fees, they are deducted from the NAV as they accrue.

[krowelet] 11/5/2021 21:27

Bought just before the close this afternoon, there was not a screen of extra charges just the usual price paid, stamp duty and commission exactly like any other stock.

I have never found any difference between buying inv.trusts and any any other share and always assumed the charges were reflected in the running costs of the trust.

[wunderbar] 11/5/2021 20:09

I have a question for investors on this bb, particularly those of you holding ADIG in a standard shares account or ISA. I should start by saying I've bought this stock half a dozen times over the past five years (using same investment platform) and never paid a single penny in annual management fees, never paid any ongoing charges to Investment Manager, only costs incurred have been initial buying costs + stamp duty. However, when I attempted to buy some more ADIG shares this morning during the process a screen popped up with a breakdown of all charges to be incurred (never seen this before) - this time aside from quoting the usual buying/stamp duty costs it also mentioned ongoing charge of 1.8% paid annually to ADIG's Investment Manager. As soon as I saw this I aborted the transaction.

Has anyone on here ever incurred such fees? If so how is the fee paid to the Investment Manager, is it taken directly from your standard shares account/ISA? Many thanks.

[speedsgh] 11/5/2021 10:15

For those existing/prospective shareholders that have lingering questions/doubts over ADIG and its performance/strategy, the QuotedData Specialist Income webinar tomorrow (Weds 12 May) would be the perfect opportunity to find out more. Nalaka de Silva (portfolio manager and chair of the ADIG Investment Committee) is presenting for approx 40mins from 10:10 and those registered can submit questions in advance via email (and possibly online during the webinar?).

[essentialinvestor] 05/5/2021 22:25

gp, point taken.

[tiltonboy] 05/5/2021 22:19

Explains the constant tap

[greenpastures2] 05/5/2021 19:14

I regard it as a useful source of income EssentialInvestor but I don't have much invested in it.

[essentialinvestor] 05/5/2021 18:44

I've sold out of HDIV so looking for opportunities,
but ADIG still looks moribund, perhaps a play on a possible wind up vote.

[hugepants] 05/5/2021 18:32

Schroders have sold 5%. Still 5% to go.

[greenpastures2] 19/4/2021 19:56

Timing is very difficult to get right. I did manage it on Feb 27 last year but by then it was pretty obvious markets were going down. But although most of the stocks I held dropped between 15 and 50% not all did and I haven't bothered to calculate the counterfactual. I know I would have doubled my money with one of the small tech companies had I held it.

[hugepants] 19/4/2021 18:58

Agree. I don't think there are many investment trusts that look cheap now but I think this is probably one of them. Nav=115.25p and yield=5.7%.

[cc2014] 13/4/2021 11:25

I am getting very indecisive over this one. Every day the bid seems to creep up during the day only for at some point someone to come along and sell a chunck of shares and stop it rising.

It was originally my plan to keep 2/3rds of my shares regardless and flip the other third at some price I hadn't yet determined between 97-99p. Only as I write this I keep looking at the NAV and wonder whether I may find myself selling at say 97p only to see the share price go to say 105p which is what I think is closer to where it should be.

[essentialinvestor] 12/4/2021 14:55

Highest NAV for sometime.

[essentialinvestor] 08/4/2021 00:09

Sold some Wednesday, will add back lower down if available.

[rich1952] 02/4/2021 18:56

What's this got to do with ADIG?

[essentialinvestor] 02/4/2021 14:37

Smith, boosters yes definitely, however both Pfizer and Oxford AZN vaccines
show high efficacy against the Kent strain which is dominant in the UK currently.
The other major positive is reinfections remain rare occurances, at least for now.

[smith99] 01/4/2021 11:38

Unfortunately that vaccine is no longer applicable to the new strains. You'll need the booster in October. And again in April. And again in October etc.

[essentialinvestor] 25/3/2021 13:09

* reports of new Covid-19 variants (also reinfections) in both Brasil and India.


Had the vaccine yesterday, have been stuck in for a full year shielding,
so looking forward to getting my life back.

[8w] 25/3/2021 13:02

Everyone's busy selling everything else

[cc2014] 25/3/2021 12:59

OMG. the relentless selling has stopped.

[essentialinvestor] 24/3/2021 15:08

Weaker £ may now be helping NAV.

[rich1952] 23/3/2021 18:37

Thanks. I need to check out the mechanics as the holding is not with my on line broker.

[essentialinvestor] 23/3/2021 18:27

Rich, yes, why would you think otherwise?. Usually ample liquidity as well.