Morningstar Fund Report  | 05/04/2025Print

IFSL Evenlode Income B Income

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
IFSL Evenlode Income B Income
Fund17.6-2.89.33.5-1.3
+/-Cat-0.20.62.6-4.6-2.1
+/-B’mrk--1.7-6.4-6.4
 
Category: UK Equity Income
Category Benchmark: Morningstar UK All Cap TME ...
Key Stats
NAV
04/04/2025		 GBX 244.37
Day Change -1.84%
Morningstar Category™ UK Equity Income
IA (formerly IMA) Sector UK All Companies
ISIN GB00BD0B7D55
Fund Size (Mil)
28/02/2025		 GBP 3008.56
Share Class Size (Mil)
28/02/2025		 GBP 201.59
Max Initial Charge 5.00%
Ongoing Charge
31/05/2024		  0.88%
Investment Objective: IFSL Evenlode Income B Income
The investment objective of the fund is to provide income and capital growth over Rolling Periods of 5 years, with an emphasis on income. At least 80% of the fund will be invested in the equity securities of companies listed in the United Kingdom.
Returns
Trailing Returns (GBP)04/04/2025
YTD-4.21
3 Years Annualised3.61
5 Years Annualised8.06
10 Years Annualised*6.87
12 Month Yield 3.04
Dividend Paying Frequency Quarterly
Management
Manager Name
Start Date
Hugh Yarrow
01/09/2017
Chris Moore
01/01/2021
Click here to see others
Inception Date
01/09/2017

Category Benchmark
Fund BenchmarkMorningstar Benchmark
FTSE AllSh TR GBPMorningstar UK All Cap TME NR GBP
Portfolio Profile for  IFSL Evenlode Income B Income28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock98.980.0098.98
Bond0.000.000.00
Property0.000.000.00
Cash1.020.001.02
Other0.000.000.00
Top 5 Regions%
United Kingdom90.57
Europe - ex Euro3.87
Eurozone2.98
United States2.58
Canada0.00
Top 5 Sectors%
Industrials31.49
Consumer Defensive22.96
Consumer Cyclical13.59
Financial Services11.08
Healthcare9.09
Top 5 HoldingsSector%
Unilever PLCConsumer DefensiveConsumer Defensive7.54
RELX PLCIndustrialsIndustrials6.82
Diageo PLCConsumer DefensiveConsumer Defensive6.26
Experian PLCIndustrialsIndustrials5.08
Compass Group PLCConsumer CyclicalConsumer Cyclical4.74
Increase Decrease New since last portfolio
IFSL Evenlode Income B Income
Growth Of 1000 (GBP) 31/03/2025
Fund:  IFSL Evenlode Income B Income
Category:  UK Equity Income
Category Index:  Morningstar UK All Cap TME NR GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return0.3924.25-7.3817.64-2.809.313.46-1.28
+/- Category10.955.305.18-0.160.642.56-4.62-2.14
+/- Category Index-----1.69-6.36-6.43
% Rank in Category119174461269078
Trailing Returns (GBP)04/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-1.84   -1.25-0.33
1 Week-3.94   -2.07-1.74
1 Month-8.14   -4.66-4.29
3 Months-4.20   -3.68-7.63
6 Months-4.07   -3.04-7.56
YTD-4.21   -4.19-8.17
1 Year0.30   -5.83-10.38
3 Years Annualised3.61   -0.73-3.41
5 Years Annualised8.06   -3.28-4.82
10 Years Annualised*6.87   2.351.03
 
Category: UK Equity Income
Category Index: Morningstar UK All Cap TME NR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-1.28---
20240.660.723.79-1.68
20234.580.63-1.505.45
2022-4.73-4.981.485.80
20212.675.692.216.08
2020-18.9912.02-0.532.61
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageBelow Average3 star
5-YearAverageLow3 star
10-Year*HighLow5 star
Overall*Above AverageLow4 star
 
Category :  UK Equity IncomeClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev11.00 %
3-Yr Mean Return5.05 %
 
3-Yr Sharpe Ratio0.09
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar UK All Cap TME NR GBP  Morningstar UK SMID Cap TME NR GBP
3-Yr Beta0.740.56
3-Yr Alpha-1.950.78
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 18815-
Market Capitalisation% of Equity
Giant26.19
Large26.16
Medium39.20
Small8.45
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings19.191.65
Price/Book4.172.58
Price/Sales2.002.56
Price/Cash Flow15.692.14
Dividend-Yield Factor2.710.61
 
Long-Term Projected Earnings Growth7.890.88
Historical Earnings Growth-1.060.22
Sales Growth4.650.91
Cash-Flow Growth7.269.05
Book-Value Growth2.371.26
 
Category: UK Equity Income
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock98.980.0098.98
Bond0.000.000.00
Property0.000.000.00
Cash1.020.001.02
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States2.581.01
Canada0.000.00
Latin America0.000.00
United Kingdom90.570.99
Eurozone2.980.86
Europe - ex Euro3.872.99
Europe - Emerging0.00-
Africa0.000.00
Middle East0.000.00
Japan0.000.00
Australasia0.000.00
Asia - Developed0.000.00
Asia - Emerging0.000.00
 
Category: UK Equity Income
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials0.910.15
Consumer CyclicalConsumer Cyclical13.591.38
Financial ServicesFinancial Services11.080.44
Real EstateReal Estate1.840.53
Consumer DefensiveConsumer Defensive22.961.73
HealthcareHealthcare9.091.07
Communication ServicesCommunication Services3.100.51
IndustrialsIndustrials31.492.36
TechnologyTechnology5.952.53
 
Category: UK Equity Income
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings34
Total Number of Bond Holdings0
Assets in Top 10 Holdings50.90
NameSectorCountry% of Assets
Unilever PLC205United Kingdom7.54
RELX PLC310United Kingdom6.82
Diageo PLC205United Kingdom6.26
Experian PLC310United Kingdom5.08
Compass Group PLC102United Kingdom4.74
Reckitt Benckiser Group PLC205United Kingdom4.68
London Stock Exchange Group PLC103United Kingdom4.26
Bunzl PLC205United Kingdom4.25
Smith & Nephew PLC206United Kingdom3.65
Smiths Group PLC310United Kingdom3.63
 
Increase Decrease New since last portfolio
Category: UK Equity Income
 
Management
Name of CompanyEvenlode Investment Management Limited
Phone-
Website -
AddressThe Long Barn
 Oxfordshire   -
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date01/09/2017
Fund Advisor(s)
Evenlode Investment Management Limited
Fund ManagerHugh Yarrow
Manager Start Date01/09/2017
Career Start Year2002
Education
Edinburgh University, M.A.
 
Biography
Hugh joined Wise in 2009 and is the lead portfolio manager of Evenlode Income, the UK Equity Income fund he launched in October of the same year. He was appointed as a director of Wise in 2012. Hugh graduated from the University of Edinburgh with a first class degree in philosophy and mathematics in 2002. From 2002 to 2009 he worked as an investment manager on several equity income funds at Rathbone Unit Trust Management. Hugh is a Chartered Fellow of the Chartered Institute for Securities & Investment and holds the Investment Management Certificate.
Fund ManagerChris Moore
Manager Start Date01/01/2021
Fund ManagerBen Peters
Manager Start Date01/09/2017
 
Biography
Ben is having co-founded Evenlode Investment in 2009 with the launch of the TB Evenlode Income fund. Ben is a member of the CFA Society of the UK and holds the Investment Management Certificate. He also holds a doctorate from the University of Oxford and a first-class degree from University College London, both in the field of physics.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge5.00%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.87%
Ongoing Charge0.88%
Purchase Details
Minimum Investments
Initial1000  GBP
Additional50  GBP
Savings-
Tax Free Savings Schemes
ISAsYes