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About the company
Sts Global Income & Growth Trust PLC, formerly Securities Trust of Scotland plc, is a United Kingdom-based is a closed-ended investment company. The Company’s investment objective is to achieve rising income and long-term capital growth through investment in a balanced portfolio constructed from global equities. The Company’s policy is to invest primarily in global equities. The Company invests approximately 10% of its gross assets in limited investment companies (including the United Kingdom listed investment trusts). It invests over 15% of the total portfolio can be invested in collective investment schemes, of which no holding can exceed 10% of the value of the collective investment scheme. Its portfolio distribution sectors include consumer staples, information technology, healthcare, financials, real estate, industrials, consumer discretionary and communication services. The Company's investment manager is Troy Asset Management.
- Revenue in GBP (TTM)6.24m
- Net income in GBP3.14m
- Incorporated2005
- Employees0.00
- LocationSTS Global Income & Growth Trust plc28 Walker StreetEDINBURGH EH3 7HRUnited KingdomGBR
- Phone+44 13 1229 5252Fax+44 13 1228 5959
- Websitehttps://www.stsplc.co.uk
Profile
| Management group(s) | Troy Asset Management Limited |
|---|---|
| AIC sector | Global Equity Income |
| ISIN | GB00B09G3N23 |
| Launch date | 28 Jun 2005 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
The investment objective of Company is to seek to achieve rising income and long-term capital growth through investing in a balanced portfolio constructed from global equities.
Managed by
| James Harries, Tomasz Boniek |
|---|
Management & contract fees
An annual management fee of 0.65% of the net assets of the company up to GBP 750m, 0.55% of net assets between GBP 750m and GBP 1bn and 0.50% above GBP 1bn. Following an initial term of three years, the agreement shall be terminable by either party serving six months’ notice.
Mergers & acquisitions
| Acquired company | STS:LSE since announced | Transaction value |
|---|---|---|
| Troy Income & Growth Trust PLC (Was 37679d) | -0.92% | 66.77m |
Peer analysis
| Company | Revenue (TTM) | Net income (TTM) |
|---|---|---|
| Henderson High Income Trust plc | 26.02m | 21.42m |
| Diverse Income Trust PLC | -100.00bn | -100.00bn |
| BlackRock Frontiers Investment Trust PLC | 71.51m | 59.94m |
| VH Global Sustainable Enrgy Opprtnts PLC | 61.84m | 55.34m |
| CQS New City High Yield Fund Ltd | 23.30m | 17.90m |
| GCP Asset Backed Income Fund Ltd | 26.31m | 18.26m |
| STS Global Income & Growth Trust PLC | 6.24m | 3.14m |
| Schroder Japan Trust PLC | 50.89m | 46.93m |
| Literacy Capital PLC | 56.33m | 48.20m |
| Jpmorgan Asia Growth & Income PLC | 24.81m | 20.82m |
| Gore Street Energy Storage Fund PLC | 54.51m | 44.59m |
| European Assets Trust PLC | 40.06m | 34.89m |
| Gresham House Energy Storage Fund PLC | 54.54m | 44.90m |
| Biotech Growth Trust PLC | -87.00m | -92.03m |
| Scottish Oriental Smaller Co's Trust PLC | 53.44m | 40.62m |
| Nippon Active Value Fund PLC | 53.13m | 47.56m |
Institutional shareholders
| Holder | Shares | % Held |
|---|---|---|
| Rathbones Investment Management Ltd.as of 28 Mar 2024 | 11.74m | 13.36% |
| Evelyn Partners Investment Management LLPas of 31 Mar 2022 | 4.06m | 4.62% |
| Hargreaves Lansdown Asset Management Ltd.as of 01 Apr 2024 | 3.14m | 3.57% |
| J. M. Finn & Co. Ltd.as of 01 Apr 2024 | 2.66m | 3.03% |
| abrdn Investment Management Ltd.as of 01 Apr 2024 | 2.00m | 2.27% |
| BlackRock Investment Management (UK) Ltd.as of 01 Apr 2024 | 1.80m | 2.05% |
| Legal & General Investment Management Ltd.as of 01 Apr 2024 | 1.77m | 2.01% |
| Investec Wealth & Investment Ltd.as of 01 Apr 2024 | 1.14m | 1.30% |
| Walker Crips Investment Management Ltd.as of 01 Apr 2024 | 1.03m | 1.17% |
| HSBC Global Asset Management (UK) Ltd.as of 01 Apr 2024 | 949.00k | 1.08% |
