Overview
Latest factsheetThe Evenlode Global Dividend Fund is an Irish-domiciled fund and invests using the same strategy as the UK-domiciled IFSL Evenlode Global Income Fund. It invests globally in market-leading businesses across a range of sectors including information technology, healthcare, consumer goods, media and selected professional service and industrial firms.
No matter what the industry, these companies have several traits in common; they provide value-adding goods and services for their customers, they generate high returns on invested capital, and ample cash flow to fund their operations today, investment for the future and their dividend distributions to shareholders.
We use the equity market to manage corporate valuation risk and opportunity, targeting the best combination of quality and value at any given time.
Key details
Fund attributes
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Emphasis on sustainable real dividend growth
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Focus on companies with high returns on capital and strong free cash-flow
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Free cash flow and dividend streams from diverse geographies
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Low portfolio turnover, long-term holding periods
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Invests across the market-cap spectrum
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Focus on larger companies
Latest factsheet commentary
Latest investment views
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A bubble in quality
This month we discuss the market performance and valuation of quality companies including the recent underperformance of high-quality businesses despite their solid financials and dividend growth. We further explore the complexities of market indices and valuation metrics.
Evenlode Global Dividend Fund
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Getting more than you pay for
A measure of corporate health is revenue growth. Though imperfect, for relatively stable businesses it is a reasonable indicator of progress. In headline, revenue growth is looking good for the portfolio in absolute terms, compared to the broader market and in the context of the current mixed macroeconomic environment.
Evenlode Global Dividend Fund
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The disconnect
Despite headlines highlighting booming AI data centre investments and record US stock market highs, the broader economy shows mixed signals with stagnant revenue growth and economic challenges outside tech sectors. This report analyses the disconnect between market valuations and underlying economic realities.
Evenlode Global Dividend Fund
Please see factsheets for further details.