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.