Schroder Income Growth Fund plc - SCF

Reliably growing income for shareholders.

Why invest in SCF?

The Schroder Income Growth Fund aims to achieve income growth in excess of inflation and capital growth as a result of that rising income.
SCF has grown its dividend for 28 consecutive years, since it was launched in 1995 – a feat that has earned it a place on the Association of Investment Companies’ list of dividend heroes.

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Benefit from consistent rising income

SCF has delivered reliable dividend growth for shareholders in each of the last 28 years, allowing investors to capture the significant power of long-term compounding.

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Rely on decades of deep expertise

Managed by Schroders Head of UK Equities, Sue Noffke, with support from an investment team with nearly a century of combined experience.

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Capture long-term capital growth

Strong long-term performance through successful stock-picking, with the team repeatedly adding value across the market cap spectrum.

Key Information

Slide 1 of 6
NEW: Interim Report & Accounts
Kepler Research Note
Annual Results 2023: Investor Presentation
Latest Factsheet
Key Information Document
Morningstar Report

Annual Results 2023

On 20 November 2023, Managers Sue Noffke and Matt Bennison presented the Trust's annual results for the year ended 31 August 2023. The presentation can be downloaded from the banner above.

Performance & fees

For further performance data please visit the London Stock Exchange Website

Ongoing charge (as at October 2023): 0.93%

Discrete yearly performance (%)

As at April 2024

Discrete yearly performance (%)

Apr 14 - Apr 15

Apr 15 - Apr 16

Apr 16 - Apr 17

Apr 17 - Apr 18

Apr 18 - Apr 19

Apr 19 - Apr 20

Apr 20 - Apr 21

Apr 21 - Apr 22

Apr 22 - Apr 23

Apr 23 - Apr 24

Share Price

6.3

-6.6

19.3

8.0

5.4

-15.5

33.6

5.0

6.9

-4.5

Net Asset Value

12.7

-5.5

18.7

7.9

0.5

-18.7

32.7

8.4

4.5

5.1

Reference Index
(FTSE All Share Total Return)

7.5

-5.7

20.1

8.2

2.6

-16.7

25.9

8.7

6.0

7.5

Source: Morningstar, net income reinvested, net of ongoing charges and portfolio costs and where applicable, performance fees, in GBP.

Performance over 5 years

Source: Morningstar, net income reinvested, net of ongoing charges and portfolio costs and where applicable, performance fees, in GBP.

Performance compared to reference index to March 2024
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View portfolio holdings

Awards and ratings

Morningstar-logo-3

Source: Morningstar as at May 2024

AIC Dividend Hero Logo

Source: AIC, 2023

Elite Rating logo new

Source: FundCalibre as at May 2024

Kepler

Source: Kepler Trust Intelligence, 2024

Awards logo for Investment Week Investment Company of the Year Awards 2023

Source: Investment Week, 2023

In the news

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The Daily Telegraph Feature - Feb 2024
Interactive Investor: "The income shares offering both growth and jam today"
Interactive Investor: The UK shares three pros have snapped up in this volatile market
Kepler podcast: The income opportunity in UK equities
AJ Bell Shares Spotlight: Trust presentation
SCF in the Daily Telegraph - Oct 23
MoneyWeek interview with Sue Noffke
This is Money: £204m trust that's good at avoiding economy's potholes
AIC Company Showcase: Sue Noffke on the 'Big Income' panel
FT: Can dividend heroes maintain payout records?
Matt Bennison: Investment Trust Outlook - UK Equities
YourMoney: Who would want to be Prime Minister?

Meet the manager

"The trust does what it says on the tin. Since launch the trust has raised the dividend every year and over time increases in the dividend have outpaced the rate of inflation."

Sue Noffke

Head of UK Equities

Documents

Slide 1 of 10
Annual Report and Accounts 2023
Interim Report & Accounts 2023
AGM Results 2023
Schroders Annual Sustainability Report
Terms of Reference: Management Engagement Committee
Terms of Reference: Nomination Committee
Terms of Reference: Audit & Risk Committee
Terms of Reference: Remuneration Committee
Alternative Investment Fund Managers Directive (AIFM) Disclosures
Articles of Association

Archive

Annual Reports and Accounts

2022 / 202120202019201820172016 /2015201420132012

Half Year Reports

2022 / 2021 / 2020 / 2019 / 2018 / 2017 / 2016 /2014 / 2013 / 2012

AGM Results

2022 / 2021 / 2020 / 2019 / 2018



Investing in Schroder Income Growth Fund plc

Non-Mainstream Pooled Investments (NMPI) Status

The Company currently conducts its affairs so that its shares can be recommended by IFAs to ordinary retail investors in accordance with the FCA's rules in relation to non-mainstream investment products and intends to continue to do so for the foreseeable future. The Company's shares are excluded from the FCA's restrictions which apply to non-mainstream investment products because they are shares in an investment trust.

What are the risks?

Past performance is not a guide to future performance and may not be repeated. The value of investments and the income from them may go down as well as up and investors may not get back the amount originally invested. 

Investors in the emerging markets and the Far East should be aware that this involves a high degree of risk and should be seen as long term in nature. Less developed markets are generally less well regulated than the UK, they may be less liquid and may have less reliable arrangements for trading and settlement of the underlying holdings. 

The trust holds investments denominated in currencies other than sterling, investors should note that exchange rates may cause the value of these investments, and the income from them, to rise or fall. 

The trust Invests in smaller companies that may be less liquid than in larger companies and price swings may therefore be greater than investment trusts that invest in larger companies. 

The trust may borrow money to invest in further investments, this is known as gearing. Gearing will increase returns if the value of the investments purchased increase in value by more than the cost of borrowing, or reduce returns if they fail to do so. 

Investments such as warrants, participation certificates, guaranteed bonds, etc will expose the fund to the risk of the issuer of these instruments defaulting on paying the capital back to the fund. 

Gearing will increase returns if the value of the investments purchased increase in value by more than the cost of borrowing, or reduce returns if they fail to do so. Investments such as warrants, participation certificates, guaranteed bonds, etc will expose the fund to the risk of the issuer of these instruments defaulting on paying the capital back to the fund.