Overview
Latest factsheetThe IFSL Evenlode Income Fund aims to deliver for clients, over rolling periods of five years, a combination of a healthy, growing dividend stream and attractive annualised capital returns. The Evenlode investment team aim to achieve this by investing in the shares of companies with market-leading positions, cash generative economics and attractive long-term growth potential. The fund will always be at least 80% invested in the shares of high-quality UK-based companies, but with revenues generated from a well-diversified range of geographies.
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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Low portfolio turnover, long-term holding periods
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Minimum of 80% in UK shares and up to 20% in overseas shares and/or cash
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Invests across the market-cap spectrum
Latest factsheet commentary
Latest investment views
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Newsletter - October 2026
Renewed hostilities in the Middle East pushed oil prices higher and revived inflation concerns, lifting government bond yields across developed markets. The Federal Reserve responded to the inflationary pressures by raising rates for the first time since mid-2023, and investors spent the rest of the month debating when a further rise would follow.
Evenlode Income Fund
Evenlode Global Income Fund
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Following the free cash flow
Interim results left IFSL Evenlode Income with robust portfolio fundamentals but a modest year-to-date return, as earnings progress was offset by valuation de-rating. However, cash generation, shareholder distributions, quality compounders, and new holdings continue to provide an attractive long-term compounding opportunity.
Evenlode Income Fund
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Interim results round-up
We have been in the thick of interim results season over the last month and have now heard from more than 85% of the portfolio and met with a plethora of management teams. Good fundamental growth is coming through, and several companies upgraded guidance for the year. The aggregate portfolio is forecast to grow earnings per share by at least +10% for the current year.
Evenlode Income Fund
Important information
The UK sustainable investment labels help investors find products that have a specific sustainability goal and that meet certain specific requirements in relation to their sustainability characteristics.
Although the IFSL Evenlode Income Fund has sustainability characteristics, it does not have a UK sustainable investment label because:
- It does not have a specific sustainability objective, and
- It has flexibility to pursue a wide range of investment opportunities, without being limited by the specific criteria required for a label.