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Schroder Inc Growth (SCF)

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Tuesday 20 July, 2010

Schroder Inc Growth

Interim Management Statement

RNS Number : 6413P
Schroder Income Growth Fund PLC
20 July 2010
 

SCHRODER INCOME GROWTH FUND PLC

 

Interim Management Statement for the Quarter ended 31 May 2010

 

The Board of Schroder Income Growth Fund Plc ("the Company") is pleased to announce its Interim Management Statement as required by the UK Listing Authority's Disclosure and Transparency Rules. This Statement is in respect of the period from 1 March 2010 to 31 May 2010.

 

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.

 

Third Interim Dividend for the year ended 31 August 2010

 

On 30 June 2010, the Board declared a third interim dividend of 1.60p net per share for the year ending 31 August 2010, which is payable on 30 July 2010 to shareholders on the register on 9 July 2010.  

 

Company Statistics as at 31 May 2010

 

Net Assets

£124.4 million

Net Asset Value per Ordinary Share (excluding current year undistributed revenue)

181.05p

Share Price

176.00p

Discount

2.8%

Number of Portfolio Holdings

29

 

Cumulative Performance* to 31 May 2010

 

Performance over

3mnths

6mnths

1yr

3yr

5yr

Share Price (Total Return)

1.9%

4.9%

12.9%

(9.8)%

22.7%

Net Asset Value (Total Return)

(4.3)%

1.6%

17.5%

(15.8)%

18.2%

FTSE All-Share Index Total Return

 

(1.3)%

 

2.7%

 

22.9%

 

(12.8)%

 

28.6%

 

Source for all performance data: Fundamental Data.

 

Portfolio Information as at 31 May 2010

 

Ten Largest Holdings

 

Stock Name

Sector Classification

 

Market Value (£)

% of Net Asset Value

Royal Dutch Shell 'B'

Oil & Gas

11,764,951

9.71

BP

Oil & Gas

10,163,355

8.39

Vodafone Group

Telecommunications

9,423,119

7.78

GlaxoSmithKline

Healthcare

8,096,906

6.68

British American Tobacco

 

Consumer Goods

 

6,176,438

 

5.10

Unilever

Consumer Goods

5,881,884

4.85

Imperial Tobacco Group

Consumer Goods

5,685,408

4.69

HSBC Holdings

Financials

5,115,239

4.22

Admiral Group

Financials

5,040,686

4.16

Aviva

Financials

4,960,379

4.09

 

Sector Allocation

 

Sector

% of Net Asset Value

Financials

20.10

Oil & Gas

17.35

Consumer Goods

16.18

Consumer Services

13.23

Telecommunications

8.96

Healthcare

8.68

Utilities

6.60

Industrials

6.29

Net current assets

2.61

 

Changes to Share Capital during the Quarter Ended 31 May 2010

 

None - there remain a total of 68,688,343 ordinary shares of 10p each in issue. Each share carries one voting right.

 

Material Events or Transactions

 

There have been no material events or transactions that have taken place in respect of the Company between 1 March 2010 and the date of publication of this Statement.

 

Company Information as at 31 May 2010

 

SEDOL Code

0791586

AIC Sector

Income and Growth

Launch Date

March 1995

Financial Year End

31 August

Next Dividend Payment Date

July 2010

 

Enquiries:

Louise Richard

Schroder Investment Management Limited

Company Secretary

 

Tel: 0207 658 6501

 

20 July 2010


This information is provided by RNS
The company news service from the London Stock Exchange
 
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