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Schroder Income Growth Fund plc (SCF) Ordinary 10p

Sell:274.00p Buy:275.00p 0 Change: 1.50p (0.55%)
Market closed Prices as at close on 23 November 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:274.00p
Buy:275.00p
Change: 1.50p (0.55%)
Market closed Prices as at close on 23 November 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:274.00p
Buy:275.00p
Change: 1.50p (0.55%)
Market closed Prices as at close on 23 November 2020 Prices delayed by at least 15 minutes | Switch to live prices |
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Objective

To invest primarily in above-average yielding UK equities but up to 20% of the portfolio may be invested in equities listed on recognized stock exchanges outside the UK. If considered appropriate, the Company may use equity related instruments such as convertible securities and up to 10% of the portfolio may be invested in bonds. In addition, up to 20% of total income may be generated by short-dated call options written on holdings in the portfolio.
Sector Weight
Consumer Defensive 18.37%
Financial Services 16.24%
Industrials 15.14%
Consumer Cyclical 14.65%
Healthcare 13.88%
Basic Materials 11.87%
Communication Services 7.88%
Real Estate 7.75%
Energy 3.01%
Utilities 2.77%
Country Weight
United Kingdom 109.84%
Portugal 1.73%

Fee Structure

Management fee will be charged at the rate of 0.65% p.a. on the first GBP 200m and 0.55% p.a. on subsequent managed asset. The management fee is allocated 50% to revenue and 50% to capital. Notice period is 12 months.

Dividend Policy

The Directors of the Company intend to continue to pay four interim dividends at the end of January, April, July and October in each year. Although it is intended to distribute substantially all of the net income of Company after expenses and taxation,the Company may retain up to a maximum of 15% of the gross income of the Company in each year as a revenue reserve to provide consistency in dividend policy.

ASSET SPLIT

Total number of holdings: 35.

Trust Manager

Sue Noffke

Manager Bio

Sue Noffke is a UK Equity Fund Manager at Schroders, and a founding member of the Prime UK Equity team established in 2006. She is co-fund manager of the Schroder Prime UK Equity Fund and fund manager of the Schroder Income Growth Fund plc. Sue has managed UK equity portfolios for institutional clients since 1993. She joined Schroders in 1989 and is based in London. Sue was an analyst at Schroders from 1989 to 1993, with responsibilities for insurance, tobacco and retail sectors in the UK market. Qualifications: Honorary Doctorate Degree from Aston University; BSc in Business Administration and Biochemistry from Aston University.

Board Of Directors

Bridget GuerinChairman, David Causer, Victoria Muir, Ewen Cameron-Watt, Fraser McIntyre

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.