Interim Management Statement

RNS Number : 4417V

Schroder Income Growth Fund PLC

09 July 2009

 



SCHRODER INCOME GROWTH FUND PLC

Interim Management Statement for the Quarter ended 31 May 2009

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 2009 to 31 May 2009. 

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 ending 31 August 2009

On 29 June 2009, the Board declared a third interim dividend of 1.60p net per share for the year ending 31 August 2009, which is payable on 31 July 2009 to shareholders on the register on 7 July 2009.

Company Statistics as at 31 May 2009

Net Assets	£112.7 million
Net Asset Value per Ordinary Share (including current year undistributed revenue)	164.09p
Share Price	164.00p
Discount	0.1%
Number of Portfolio Holdings	30

Cumulative Performance to 31 May 2009

Performance over	3mnths	6mnths	1yr	5yr
Share Price (Total Return)	14.7%	10.8%	(6.3)%	27.1%
Net Asset Value (Total Return)	9.5%	1.7%	(16.2)%	18.6%
FTSE Actuaries All-Share Index Total Return	18.3%	8.0%	(23.7)%	21.9%

Source for all performance data: Fundamental Data.

Portfolio Information as at 31 May 2009

Ten Largest Holdings 

Stock Name	Sector Classification	Market Value (£)	% of NAV
BP	Oil & Gas	9,180,573	8.53
Royal Dutch Shell 'B'	Oil & Gas	8,029,732	7.46
Vodafone Group	Telecommunications	7,368,028	6.85
AstraZeneca	Healthcare	7,061,047	6.56
British American Tobacco	Consumer Goods	6,159,647	5.72
GlaxoSmithKline	Healthcare	5,886,446	5.47
Unilever	Consumer Goods	5,332,854	4.96
Imperial Tobacco Group	Consumer Goods	5,050,537	4.69
HSBC Holdings	Financials	4,532,258	4.21
RSA Insurance	Financials	4,518,162	4.20

Sector Allocation 

Sector

% of NAV

Financials	18.02
Consumer Goods	17.89
Oil & Gas	15.49
Healthcare	11.65
Utilities	9.97
Industrials	9.26
Consumer Services	7.92
Telecommunications	6.63
Net current assets	3.17

Changes to Share Capital during the quarter ended 31 May 2009

None - there remain a total of 68,688,343 ordinary shares of 10p each in issue.

Material Events or Transactions

There have been no material events or transactions that have taken place between 1 March 2009 and the date of publication of this Statement. 

Company Information as at 31 May 2009

SEDOL Code	0791586
AIC Sector	Income and Growth
Launch Date	March 1995
Financial Year End	31 August
Next Dividend Payment	31 July 2009
Next AGM	December 2009

Enquiries:

Louise Richard

Schroder Investment Management Limited

Company Secretary

Tel: [phone]

9 July 2009

 

END

 

 

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