Our quarterly stewardship reports aim to provide regular updates on our voting and engagement activities as well as highlighting the actions we are taking on managing climate-related risks in our portfolios.

We put strong emphasis on transparency and want to ensure our clients are informed about our responsible investment activities. Our reports provide insight into how we integrate environmental, social and governance (ESG) factors into our investment decision making process and highlight how our voting activities can act as a key engagement tool when initiating dialogue with the companies in our portfolio(s).

As a member of the Partnership for Carbon Accounting Financials (PCAF), Evenlode annually reports on the greenhouse gas emissions financed through our investment portfolios. This covers the scope 1, 2 and 3 emissions of each fund’s investee companies.

Our Net Zero Engagement and Voting Policy outlines the stewardship actions we will take to achieve our engagement and decarbonisation targets, including direct and collective engagement with portfolio companies, policy engagement, and active voting. The policy also sets out our engagement objectives and the escalation steps we will take should these objectives not be met within the set timeframe.

Evenlode Investment Management became a signatory to the United Nations Principles for Responsible Investment (UNPRI) in 2018. By becoming signatories, we commit to implementing these principles and incorporating environmental, social and governance factors into our investment process to help enhance returns and better manage risk for our clients.

Under the EU’s Sustainable Finance Disclosure Regulation (SFDR), Evenlode’s Irish-domiciled funds are categorised as ‘Article 8’ products. This means that they promote environmental and/or social characteristics, provided that the companies in which the investments are made follow good governance practices. As the funds are categorised as Article 8 products, we are required to provide additional website disclosures outlining the approach taken to ensure Article 8 compliance.

Further details are provided in the fund prospectus supplements (see Fund Documents section of the website).

The Morningstar® Sustainability Rating^TM is intended to measure how well the issuing companies of the securities within a fund's portfolio holdings are managing their environmental, social, and governance risks relative to the fund's Morningstar Global Category peers.

Morningstar Sustainability Ratings: Evenlode Income, Evenlode Global Income, Evenlode Global Equity, Evenlode Global Dividend and Evenlode Global Opportunities are based on 100% of AUM.

Data as at 31 January 2024.

The Morningstar® Low Carbon Designation^TM is intended to allow investors to easily identify low-carbon funds across the global universe. The designation is an indicator that the companies held in a portfolio are in general alignment with the transition to a low-carbon economy.

Morningstar Low Carbon Designation: Evenlode Income based on 99.1% of AUM; Evenlode Global Income based on 98.9% of AUM; Evenlode Global Equity based on 98.7% of AUM; Evenlode Global Dividend based on 97.9% of AUM; Evenlode Global Opportunities based on 98.7% of AUM.

Data as at 31 January 2024.

MSCI ESG Fund Ratings aim to measure the resilience of funds to long-term risks and opportunities arising from environmental, social and governance (ESG) issues. Each fund scores a rating on a scale from CCC (laggard) to AAA (leader). The rating is based first on the weighted average score of the underlying holdings of the fund. ESG momentum is then assessed to gain insight into the fund’s ESG track record, which is designed to indicate a fund’s exposure to holdings with a positive rating trend or worsening trend year over year. For more information on the methodology please click here.

The MSCI information may not be reproduced or redisseminated in any form and may not be used as a basis for or a component of any financial instruments or products or indices. None of the MSCI information is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. The MSCI information is provided on an “as is” basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the “MSCI Parties”) expressly disclaims all warranties (including, without limitation, any warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages.

Available ratings - 29 February 2024:
Evenlode Global Opportunities based on 100.0% of AUM.

Available ratings - 31 December 2023:
Evenlode Income based on 99.5% of AUM; Evenlode Global Income based on 99.6% of AUM; Evenlode Global Equity based on 98.9% of AUM.

Available ratings - 30 November 2023:
Evenlode Global Dividend based on 100.0% of AUM.

As long-term investors, we consider Stewardship to be an important part of our investment philosophy, voting actively on all our holdings. We disclose all our voting activity on a quarterly basis and in the interests of best practice, transparency and investor information, provide details of when we have voted against management and the reasons for this.

By carrying out sufficient due diligence, we invest in companies that are being managed according to a strategy and principles with which we fundamentally agree with. We’re long-term stewards of our clients’ assets and believe well-governed businesses, when run in a sustainable way, can provide positive returns for shareholders and better outcomes for society at large.