Evenlode Global Income - Portfolio Update

Written by Ben, 19 December 2017

It is now four weeks since we invested the TB Evenlode Global Income fund after its initial offer period. With a portfolio of high quality international businesses, we have had no difficulty trading in the market and the fund has been fully invested since 20th November. The fund stands at £57m in size.

In terms of sectors, the Evenlode Global Income portfolio has around a third invested in consumer goods, a little under a fifth in healthcare businesses, a similar amount in technology companies (IT hardware and software), and the balance in a mixture of services, media and selected industrial firms.

By geography, 46% is invested in US and Canadian-listed firms, 27% in Europe, 20% in the UK, and the balance in Australia and a small cash position. The fund’s top ten holdings can be seen below. 

Pepsico Inc 

6.8% 

Procter & Gamble Co. 

5.6% 

Diageo Plc 

4.8% 

Cisco Systems Inc 

4.5% 

Microsoft Corporation 

4.4% 

Thomson Reuters 

4.2% 

Unilever Plc 

4.0% 

Nestle SA 

3.7% 

Sanofi 

3.3% 

Euronext 

3.2%    

Chris and I look forward to updating you on progress with the Evenlode Global Income fund in the new year. In the meantime, we wish you a very merry Christmas and a prosperous 2018.




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