STS Global Income & Growth Trust PLC
STS.L
London Stock Exchange- -
GBp
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Mark John Bovill Whitehead
- Full Time Employees
- 6
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Saltire Court Edinburgh United Kingdom EH1 2ES
- IPO Date
- Sep 19, 2005
- Website
- securitiestrust.com
- Similar Companies
- Business
- STS Global Income & Growth Trust PLC (STS.L) is a UK-based closed-end investment trust that provides rising income and long-term capital growth through a balanced portfolio of global equities focused on high-quality, low-volatility companies. The trust invests primarily in large-capitalization dividend-paying equities across sectors including consumer staples, information technology, healthcare, financials, real estate, industrials, consumer discretionary, and communication services; it allocates approximately 10% of gross assets to limited investment companies such as UK-listed investment trusts and up to 15% to collective investment schemes with no single holding exceeding 10% of the scheme's value. Managed by Troy Asset Management Limited with co-managers James Harries and Tomasz Boniek, the trust targets investors seeking steady income growth, capital preservation, and risk-adjusted returns from stable, cash-generative businesses like PepsiCo, Johnson & Johnson, and Nestlé. Incorporated on 15 April 2005 and headquartered at 28 Walker Street, Edinburgh, EH3 7HR, United Kingdom, the trust operates with an unlimited life and quarterly dividend payments, domiciled in the UK and listed on the London Stock Exchange. Its portfolio emphasizes global equities with habitual demand products, maintaining lower volatility through dominant industry players, and implements a discount control mechanism since November 2020 involving share buybacks below net asset value and new share issuances at a premium to enhance liquidity and align share price with NAV. In recent developments, the trust reported a net asset value total return of 10.9% for the year ended 31 March 2025, outperforming the Lipper Global Equity Global Income Index at 4.5%, driven by portfolio repositioning away from narrow US technology concentration. It declared an interim dividend of 4.20p per share for the six months ended 30 September 2025, up from 3.17p the prior year, with revenue per share at 3.18p amid net assets of £283.6 million. Earlier in 2024, the trust agreed terms for a proposed combination with Troy Income & Growth Trust Plc (TIGT), completed by March 2024, which enlarged assets above £250 million, reduced management fees by 0.15% on excess assets, improved liquidity, and included a £1.1 million fee waiver contribution from Troy, aligning fees with TIGT's structure while maintaining the conservative global quality focus. Portfolio adjustments in 2025 included sales of Procter & Gamble and Fastenal on valuation grounds, alongside reductions in Philip Morris and Nintendo positions to manage elevated valuations.