Dunedin Income Growth Investment Trust (DIG)

Profile

https://www.dunedinincomegrowth.co.uk/itdunedinincomegrowth/

Dunedin Income Growth Investment Trust is a closed-ended investment trust established in 1873, targeting growth of both income and capital through a portfolio primarily invested in companies listed or quoted in the United Kingdom. It emphasizes sustainable and responsible investing criteria set by the Board, focusing on firms that effectively manage Environmental, Social, and Governance (ESG) risks and opportunities for superior risk-adjusted returns. The high-conviction portfolio, typically comprising around 34-40 equity holdings, features significant allocations to financial services (about 28-31%), industrials (14-16%), healthcare (11-12%), and technology (10-11%), with top holdings including National Grid PLC, TotalEnergies SE, RELX PLC, and London Stock Exchange Group PLC, representing nearly 50% of assets. Geographically, it is heavily weighted towards the UK (over 85%), with smaller exposures to France, Germany, and others. Managed by Aberdeen Fund Managers, the trust maintains a quarterly dividend policy, having grown or sustained dividends for 39 years, and employs modest gearing around 9-10%. With net assets exceeding £370 million and an ongoing charge of approximately 0.56%, it plays a key role in the UK equity income sector, offering investors access to quality dividend-growth stocks via ISA, SIPP, and investment accounts.