TB Evenlode Income has grown steadily since launch in October 2009, with assets under management currently in excess of £2bn. As a result of this growth, we have decided to take steps to soft close the TB Evenlode Income Fund to new investors. This move is designed to protect the interests of existing investors and will come into effect from 1 May 2018, subject to FCA confirmation. As of 1 May 2018, an initial charge of 5% will be levied for new investors. Please note that this charge will not apply to existing investors in the TB Evenlode Income Fund.
The soft close of TB Evenlode Income reflects our ongoing commitment to deliver a high-quality investment management service to our clients over the long-term. It will allow us to prioritise and maintain relationships with our existing investors, while managing the assets already entrusted to us most effectively and staying true to our investment strategy and process.
For new investors seeking to access the expertise of Evenlode’s investment team, there is no change to the subscription terms of the group’s Global Income Fund. The TB Evenlode Global Income Fund, which was launched in November 2017, applies Evenlode’s unique investment process over the broader global stock universe. My colleagues Ben Peters and Chris Elliott look across the globe for attractive asset-light business models offering high returns on capital and strong free cash flow, with the aim of delivering sustainable real dividend growth to investors over the long-term.
If you have any queries relating to the soft close of TB Evenlode Income, as always please do get in touch.
Hugh Yarrow
Fund Manager
