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Schroder Income Growth Fund plc

"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
Prime UK Equity Fund Manager
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Latest half year report

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Alternative Investment Fund Managers Directive (AIFM) Disclosure

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Privacy Policy

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.

Board of Directors

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Ian Barby

Chairman

Status: independent non-executive director

Length of service: 14 years – appointed a director in October 2005 and chairman in August 2013

Experience: Ian Barby practised as a barrister before joining Warburg Investment Management Ltd in 1985, subsequently becoming a vice chairman of Mercury Asset Management plc and until 2003, a managing director of Merrill Lynch Investment Managers. He has wide experience of the investment management industry and of the investment trust sector and is a director of Pantheon International Participations plc.

Committee membership: Audit and Risk, Management Engagement and Nomination and Remuneration Committees (chairman of the Management Engagement Committee)

Current remuneration: £34,000 per annum

Connections with the Manager: None

Material interests in any contract which is significant to the Company’s business: None

Shared directorships with any other directors of the Company: None

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Ewen Cameron-Watt

Status: independent non-executive director

Length of service: 1 year – appointed a director in December 2017

Experience: Ewen Cameron Watt was a managing director at Blackrock, where he spent the majority of his career (including predecessor companies). From 2011 to 2016, he was chief investment strategist at Blackrock Investment Institute. Prior to joining Blackrock, he held senior investment roles in the UK and Hong Kong, including as portfolio manager from 1995 to 2010 and head of Asian research for SG Warburg from 1990 to 1995. Ewen is also an independent adviser to a number of endowments and pension funds. He began his career as an analyst at EB Savory Miln in 1978.

Committee membership: Audit and Risk, Management Engagement and Nomination and Remuneration Committees

Current remuneration: £24,000 per annum

Connections with the Manager: None

Material interests in any contract which is significant to the Company’s business: None

Shared directorships with any other directors of the Company: None

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David Causer

Status: independent non-executive director

Length of service: 10 years – appointed a director in December 2008

Experience: David Causer is a chartered accountant and a member of The Securities Institute. He has held a number of senior positions within financial organisations including Finance Director of Mercury Asset Management Group plc and a managing director of Merrill Lynch Investment Managers until 2001. He was finance director of The British Red Cross Society until December 2007.

Committee membership: Audit and Risk, Management Engagement and Nomination and Remuneration Committees (chairman of the Audit and Risk Committee)

Current remuneration: £29,000 per annum

Connections with the Manager: None

Material interests in any contract which is significant to the Company’s business: None

Shared directorships with any other directors of the Company: None

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Bridget Guerin

Status: independent non-executive director

Length of service: 7 years – appointed a director in June 2012

Experience: Bridget Guerin was the managing director of Matrix Money Management Limited, an asset management and distribution firm, from its launch in 1999 until March 2011. She is an independent non-executive director of Charles Stanley Group PLC, of Mobeus Income & Growth VCT plc and of Invesco Perpetual UK Smaller Companies Investment Trust plc. She is also a non-executive director of the CCP Quantitative Fund, a Cayman Islands CTA Fund managed by Cantab Capital, and of other funds and companies managed by, or associated with, Cantab Capital. From 2000 until 2009 she was a director of Matrix Group Limited and also sat on the board of several funds of hedge funds and UCITS fund boards. Bridget Guerin was a director of Schroder Unit Trusts Limited between 1993 and 1999.

Committee membership: Audit and Risk, Management Engagement and Nomination and Remuneration Committees (chair of the Nomination and Remuneration Committee)

Current remuneration: £24,000 per annum

Connections with the Manager: None

Material interests in any contract which is significant to the Company’s business: None

Shared directorships with any other directors of the Company: None

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Victoria Muir

Status: independent non-executive director

Length of service: less than one year - appointed a director on 23 July 2019

Experience: Victoria Muir is a Chartered Director, a Fellow of the Institute of Directors and is an FCA Approved Person. She has held a variety of executive positions within the financial services sector, most notably with Royal London Asset Management Ltd and some of its sister companies, before pursuing a career as a non-executive director. She is also a director of Invesco Perpetual Select Trust plc, Premier Global Infrastructure Trust plc and its subsidiary, PGIT Securities 2020 plc, and Christie Group plc. Victoria has over 25 years of experience in financial services, including asset management and inter-dealer broking. Her experience covers a broad range of products and services including investment trusts, segregated accounts, pension funds, insurance products, VCTs and hedge funds and a wide breadth of asset classes across both traditional and alternative investments.

Committee membership: Audit and Risk, Management Engagement and Nomination and Remuneration Committees

Current remuneration: £24,000 per annum

Connections with the Manager: None

Material interests in any contract which is significant to the Company’s business: None

Shared directorships with any other directors of the Company: None

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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.

Companies that invest in a smaller number of stocks carry more risk than funds spread across a larger number of companies.

The Company will invest solely in the companies of one country or region. This can carry more risk than investments spread over a number of countries or regions.

As a result of the fees and finance costs being charged partially to capital, the distributable income of the Company may be higher, but the capital value of the Company may be eroded.

The Company 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.

Contact Schroders

Schroders is a world-class asset manager operating from 32 locations across Europe, the Americas, Asia, the Middle East and Africa.


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For any further questions, please contact us. 

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