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.
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.
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.
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
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 May 2024
Discrete yearly performance (%) | May 14 - May 15 | May 15 - May 16 | May 16 - May 17 | May 17 - May 18 | May 18 - May 19 | May 19 - May 20 | May 20 - May 21 | May 21 - May 22 | May 22 - May 23 | May 23 - May 24 |
|---|---|---|---|---|---|---|---|---|---|---|
Share Price (%) | 9.3 | -10.6 | 24.5 | 3.6 | -0.1 | -9.6 | 36.1 | 3.0 | -0.2 | 1.7 |
Net Asset Value (%) | 13.6 | -6.9 | 23.1 | 5.2 | -4.3 | -14.5 | 32.9 | 7.9 | -2.8 | 14.5 |
Reference Index (%) (FTSE All Share Total Return) | 7.5 | -6.3 | 24.5 | 6.5 | -3.2 | -11.2 | 23.1 | 8.3 | 0.4 | 15.4 |
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.
Awards and ratings
Source: Morningstar as at July 2024
Source: AIC, 2023
Source: FundCalibre as at July 2024
Source: Kepler Trust Intelligence, 2024
Source: Awarded to Schroders by Investment Week, 2023
In the media
Trust insights
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
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.