Schroder Income Growth Fund plc - SCF

Why invest in SCF?

  • Targets outperformance of the index by investing in the shares of companies paying dividends that should grow faster than the rate of inflation.
  • Has raised its dividend consistently for the past 25 years*, making it an attractive proposition for income-seeking investors.
  • Managed by Sue Noffke, who has more than 20 years of investment experience specialising in UK equities.
  • Fundamental research is at the heart of the investment process and Sue looks for out of favour companies that have the potential to deliver strong future returns.

The value of investments and the income from them may go down as well as up and investors may not get back the amount orignally invested. 

Source: AIC/Morningstar as at July 2022

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

Independent Board of Directors

Performance & fees

Ongoing charge: 0.79%

For further performance data please visit the London Stock Exchange Website

Investment objective

The Company's principal investment objectives are to provide real growth of income, being growth of income in excess of the rate of inflation, and capital growth as a consequence of the rising income.

Awards and ratings

Source: Morningstar as at August 2022

Source: Morningstar as at August 2022

Source: AIC, August 2022

Source: AIC, August 2022

Source: FundCalibre, August 2022

Source: FundCalibre, August 2022

Source: FE FundInfo, June 2022

Source: FE FundInfo, June 2022

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Latest Fund Manager Presentation

Sue Noffke presented on the trust as part of the Company's AGM virtually on 30 November 2021.

Archive

Annual Reports and Accounts

2021 / 2020 / 2019 / 2018 / 2017 / 2016 / 2015 / 2014 / 2013 / 2012

Half Year Reports

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

AGM Results

2021 / 2020 / 2019 / 2018

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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. 

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Please remember that the value of investments and the income from them may go down as well as up and investors may not get back the amounts originally invested.

Marketing material

Issued by Schroder Unit Trusts Limited, 1 London Wall Place, London EC2Y 5AU. Registered Number 4191730 England.

Schroder Unit Trusts Limited is an authorised corporate director, authorised unit trust manager and an ISA plan manager, and is authorised and regulated by the Financial Conduct Authority.

On 17 September 2018 our remaining dual priced funds converted to single pricing and a list of the funds affected can be found in our Changes to Funds. To view historic dual prices from the launch date to 14 September 2018 click on Historic prices.