DMIF ends 2025 on a high: doubling returns and leading performance
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Published
December 11, 2025
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2 mins
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Aegon Asset Management
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The Aegon Diversified Monthly Income Fund (DMIF) has hit two major milestones that underscore its long-term strength and consistency: 

 

  • Investors have doubled their money: At the end of November, DMIF’s Net Asset Value (NAV) stood at 200.59p, meaning investors have now doubled their money since launch. This represents a cumulative return of 100%, compared with 67% for the IA 20-60 sector median over the same period*, a clear testament to the Fund’s ability to deliver on its objectives.
  • First quartile performance across all time horizons: As the Fund crosses this threshold, it also ranks first quartile across all measured time periods since its inception*. This consistency over nearly twelve years highlights the strength of the Fund’s multi-asset approach and disciplined management.

 

About DMIF

Launched in February 2014, DMIF is a multi-asset fund designed to deliver a target yield of around 5% per annum with the potential for medium-term capital growth. It invests in a mix of equities, bonds, listed property, specialist income assets, and cash, and is benchmark-agnostic, giving managers flexibility to adapt to changing market conditions. 

 

Managed by Vincent McEntegart and Debbie King, the Fund has grown to £810 million assets under management (as at 30 November 2025).

 

Vincent McEntegart said: “Crossing the 200p NAV mark is a proud moment for the team and our investors. It reflects not just strong recent performance but a disciplined approach over nearly twelve years. Our flexibility to adapt, whether leaning into equity momentum or managing bond risk, has been key to delivering consistent income and growth.”

 

 

 

 

 

Debbie King added: “Achieving first quartile performance across every time period since launch is a real testament to the robustness of our multi-asset approach. It’s not just about chasing returns, it’s about balancing risk and income to deliver for investors through changing market conditions.”

 

 

 

 

 

 

 

*Source: Aegon Asset Management and Lipper as at 30 November 2025. Fund share class: B Acc GBP. NAV to NAV, noon prices, income reinvested, net of ongoing charges, excluding entry or exit charges. Measured time periods are: 2025 to date, 1-month, 3-months, 6-months, 1-year, 2-years, 3-years, 4-years, 5-years, 7-years, 10-years and since inception. Fund inception 25 February 2014. Sector median and quartiles are Investment Association Mixed 20-60% Sector.

 

For Professional Clients only and not to be distributed to or relied upon by retail clients. 

 

The principal risk of this product is the loss of capital. Please refer to the KIID and/or prospectus or offering documents for details of all relevant risks. For all documents please see www.aegonam.com/documents


Past performance does not predict future returns. Outcomes, including the payment of income, are not guaranteed.

 

Income is not guaranteed and 5% is a target yield, being the fund's target total distribution over the next 12 months as a percentage of the current mid-market share price. The target yield may be revised in future.  


Fund Charges are taken from capital, increasing distributions but constraining capital growth.

 

Performance comparator: Investment Association Mixed 20-60 Sector. Investors are invited to compare the Fund’s performance against the performance of other funds within this Sector.  Comparison of the Fund against this Sector will give investors an indication of how the Fund is performing compared with Funds holding similar equity ranges. The comparison should be performed over a 5 year period to provide the most useful medium term comparison.

 

All data is sourced to Aegon Asset Management UK plc unless otherwise stated. The document is accurate at the time of writing but is subject to change without notice.


Data attributed to a third party (“3rd Party Data”) is proprietary to that third party and/or other suppliers (the “Data Owner”) and is used by Aegon Asset Management under licence.  3rd Party Data: (i) may not be copied or distributed; and (ii) is not warranted to be accurate, complete or timely.  None of the Data Owner, Aegon Asset Management or any other person connected to, or from whom Aegon Asset Management sources, 3rd Party Data is liable for any losses or liabilities arising from use of 3rd Party Data.

 

Aegon Asset Management UK plc is authorised and regulated by the Financial Conduct Authority. 

 

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Aegon Asset Management
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