SCHRODER INCOME GROWTH FUND ORD GBP0.10

Symbol: SCF

This security went ex-dividend on 08/10/2020. Pay date is 30/10/2020

Whilst we endeavour to price investments on a real-time streaming or 15 min delayed basis, some prices may be as at close of business from the previous working day.

Invest in this share within an ISA, JISA, SIPP or Investment Account

Past Performance

  • 20th Oct 2015 to 20th Oct 20160.35%
  • 20th Oct 2016 to 20th Oct 201721.20%
  • 20th Oct 2017 to 20th Oct 2018-1.73%
  • 20th Oct 2018 to 20th Oct 20194.24%
  • 20th Oct 2019 to 20th Oct 2020-8.44%

Key Information

Benchmark FTSE All Share
Sector IT UK Equity Income
Gearing 115%
Ex-Dividend Date 8 Oct 2020
Dividend Pay Date 30 Oct 2020
Total Dividends - Year to Date12.6
Dividend Yield (%)5.261

Net Asset Value (Nav)

Latest actual NAV 247.55
Latest actual NAV date 16/10/2020
NAV frequency Daily
Premium/Discount -3.21%

Charges

Total Ongoing Charges 
Please note that whilst we endeavour to show all charges associated with specific funds, sometimes this is not possible due to the information not being made available by the fund provider. In such cases transaction or incidental cost information may be missing.
1.3132%
Performance Fee No
AMC 0.55%
Our Platform Charge
We charge a platform fee starting at 0.35% for the first £250,000 of assets. Out charges for assets above £250,000 are shown on our rates and charges sheet
0.35%

Cost and Charges Information

This calculator provides you with costs and charges information regarding our charges and, where relevant, the costs within this investment product

Account Type

  • Investment Account
  • Stocks & Shares ISA
  • SIPP

Annual charges

These are the annual costs based on an initial investment amount of over 1 year assuming a net zero growth rate

Cost Category % of Investment lump sum costs
Our annual fee

Our annual fee

Includes our platform fee at 0.35% per annum for Funds (up to £250,000) and Stocks & Shares (min £24 max £240), plus SIPP administration fee (if applicable, only charged if <£30,000 held) - see here
0.35%
Dealing charges

Dealing charges

Any one-off commission charges associated with investing. Note that government taxes and levies are not included
N/A
Product provider costs

Product provider costs

Product provider costs shown are inclusive of the fund ongoing charges figure (OCF), transaction costs and incidental costs
1.3132%
Total (£)

Total (£)

Costs per annum displayed in monetary value
Total (%)

Total (%)

Costs per annum displayed as a percentage of investment value

Cumulative effect of charges on your investment's return

This illustration assumes that costs occur evenly throughout the year, charges are paid out of the investment evenly throughout the year, and that an annual growth rate of applies evenly throughout the year, before any charges including product charges

lump sum invested with an assumed growth rate of 1 year years
What you might get back at  with no charges applied

What you might get back at  with no charges applied

These are the illustrative values of a  investment after growth and no costs applied at the end of the defined period
Annual charges

Annual charges

These are the annual costs based on an initial investment amount of assuming a net zero growth rate
Effect of charges on return (%)

Effect of charges on return (%)

These are the overall costs in percentage terms, based on an initial investment amount of assuming a growth rate
Effect of charges on return (£)

Effect of charges on return (£)

These are the overall costs in monetary value, based on an initial investment amount of assuming a growth rate
What you might get back at with charges applied

What you might get back at with charges applied

These are the illustrative values of a investment after growth and costs at the end of the defined period

This illustration is not a forecast of future investment performance but merely a means to demonstrate the potential impact of costs and charges for an assumed return of . Whilst we make reasonable endeavours to ensure the accuracy of third party charges information, this is intended for illustrative purposes only and should not be relied upon. We do not warrant or represent that this information is accurate, complete or up to date, therefore we accept no responsibility or liability for its use

Company

Business Summary

Schroder Income Growth Fund plc is a United Kingdom-based investment company. 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. The investment policy of the Company is to invest primarily in above-average yielding United Kingdom equities but up to 20% of the portfolio may be invested in equities listed on recognized stock exchanges outside the United Kingdom. The Company may use equity related instruments, such as convertible securities and up to 10% of the portfolio may be invested in bonds. The Company invests in sectors, including telecommunications, healthcare, consumer goods, financials, industrials, media, basic materials, utilities, and oil and gas. The Company's investment manager is Schroder Investment Management Limited.

Financial Summary

BRIEF: For the six months ended 29 February 2020, Schroder Income Growth Fund PLC revenues decreased 3% to -£8.4M. Net loss increased 4% to £9.5M. Revenues reflect Dividend Income - Investment decrease of 5% to £3.9M, Losses)/gains on investments held at fai remaining flat at -£12.3M, Net foreign currency gains decrease from £11K to £0K. Higher net loss reflects Administrative expenses increase of 2% to £163K (expense). Dividend per share remained flat at £0.05.

Performance

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      Cumulative Performance

      1 month3 months6 months1 year3 years5 years
      4.06% 1.26% 5.61% -8.44% -6.20% 14.08%

      Important Information
      Headline performance can mask the true characteristics of a fund. Without fully understanding how a fund is managed, you may inadvertently become exposed to an undesirable level of risk to your capital. Some funds carry a dilution levy which reduces the number of units realised on any initial investment as an initial charge. If this fund carries such a levy it should be detailed in the Key Investor Information Document (KIID), which we must provide and you should read before investing.

      The charts and performance data shown are supplied by an external data provider and may contain data that appears to precede the introduction of the clean unit class for this fund. In such cases, historical data has been synthesised at the entire discretion of that external provider as realistically as possible using historical data recorded against the previously available commission-paying version of the fund, adjusting for fees in the process.

      Composition

      Important Documents


      The documents listed below are the latest versions made available to our data provider by the fund management group, but may not necessarily reflect the applicable charges that would be levied should you purchase this fund via Charles Stanley Direct. You should treat the charges and other figures shown in the 'Overview' tab as accurate.

      Fund Provider Factsheet
      The Fact Sheet is supplied on a monthly basis by the management group and provides limited information on the fund. Past performance data and a review of how the fund has performed are commonly featured.
      FUND PROVIDER FACTSHEET
      890,841 bytes PDF Document; last updated 31 Aug 2020
      Key Information Document This document, issued by the product provider, provides key information about an investment product. The information is required by law to help potential investors understand the nature, risks, costs, potential gains and losses of the product and enable comparison with other products.
      KEY INFORMATION DOCUMENT
      40,234 bytes PDF Document; last updated 13 Jul 2020
      Annual Report A report published by the Fund Management Group detailing the progress of the fund during the course of the previous 12 months. The information provided includes a financial statement for the group as a whole.
      ANNUAL REPORT
      2,195,185 bytes PDF Document; last updated 31 Aug 2019
      Semi Annual Report Published periodically through the course of the financial year of the fund, the report provides an overview of the fund's performance and the prospects for the remainder of the year. Included are portfolio changes (i.e. which stocks have been bought and sold), and changes in the geographical breakdown during the course of the previous 12 months.
      SEMI-ANNUAL REPORT
      479,394 bytes PDF Document; last updated 30 Nov 2019

      Management Team

      Sue Noffke has managed this fund for 9 years and 3 months.

      Sue Noffke Sue Noffke, Prime UK Equities Fund Manager.Manager of Prime UK equities portfolios, based in London.UK equities fund manager since 1993. Investment career commenced in October 1989 on joining Schroders where she initially worked in the UK research department as a sector analyst.Associate Member of the Institute of Investment Management Research (IIMR).Degree in Business Administration and Biochemistry, Aston University.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      Financials


      Income Statement - All values are in GBP (M).

      Year Ending

      31/08/2019

      31/08/2018

      31/08/2017

      31/08/2016

      31/08/2015

      31/08/2014

      Total Revenue -2.00 10.84 30.03 17.88 8.69 26.23
      Gross profit -3.78 8.93 27.88 15.82 6.57 24.40
      Operating Profit/Loss -4.13 8.62 27.58 15.48 6.21 24.10
      Profit Before Tax -4.13 8.62 27.58 15.48 6.21 24.10
      Profit After Tax -4.18 8.54 27.51 15.40 6.17 24.05
      Equity Holders of Parent Company -4.18 8.54 27.51 15.40 6.17 24.05
      Minority Interest NIL NIL NIL NIL NIL NIL


      Balance Sheet - All values are in GBP (M).

      Year Ending

      31/08/2019

      31/08/2018

      31/08/2017

      31/08/2016

      31/08/2015

      31/08/2014

      Total Non-Current Assets 234.86 233.74 228.32 211.73 204.83 206.33
      Total Current Assets 2.36 3.88 9.33 5.42 3.89 3.66
      Total Assets 237.22 237.62 237.65 217.15 208.72 209.99
      Total Liabilities 32.76 20.88 20.93 20.66 20.56 21.06
      Total Net Assets 204.46 216.74 216.72 196.49 188.17 188.94
      Shareholders Funds 204.46 216.74 216.72 196.49 188.17 188.94
      Minority Interests NIL NIL NIL NIL NIL NIL
      Total Equity 204.46 216.74 216.72 196.49 188.17 188.94

      Investment involves risk. You may get back less than invested.