Global Investment View - May 2019

FOR PROFESSIONAL INVESTORS ONLY

Disclaimer: TB Evenlode Global Income is a sub-fund of the TB Evenlode Investment Funds ICVC. This presentation is for Professional clients only. Full details of the TB Evenlode Investment Funds, including risk warnings, are published in the TB Evenlode Funds Prospectus, the TB Evenlode Supplementary Information Document (SID) and the TB Evenlode Key Investor Information Documents (KIIDs) which are available on request and at www.evenlodeinvestment.com.

The TB Evenlode Funds are subject to normal stock market fluctuations and other risks inherent in such investments. The value of your investment and the income derived from it can go down as well as up, and you may not get back the money you invested, you should therefore regard your investment as medium-to-long term. As a concentrated portfolio of typically less than 40 investments, Evenlode Global Income carries more risk than a fund spread over a large number of stocks.

Evenlode Investment Management Limited is authorised and regulated by the Financial Conduct Authority, No. 767844.

T. Bailey Fund Services Limited is authorised and regulated by the Financial Conduct Authority, No. 190293. Evenlode is a trading brand of Evenlode Investment Management Ltd.

Past performance is not a guide to future performance. The value of investments may go down as well as up and you may not get back the amount you originally invested. Investors should note that changes in rates of exchange may have an adverse effect on the value, price or income of investments. Tax rates and reliefs may change and the value of tax reliefs depends on individual circumstances.