Part of our Foundation Fundlist Fundsmith Equity I Acc

SEDOL: B41YBW7 | ISIN: GB00B41YBW71 | MEX: FUQUIT | CITI: LSX6

  • Buy 398.43 GBX

  • Sell 398.43 GBX

  • Price Change -0.37010%

Past Performance

  • 15th Dec 2013 to 15th Dec 201424.51%
  • 15th Dec 2014 to 15th Dec 201513.16%
  • 15th Dec 2015 to 15th Dec 201628.50%
  • 15th Dec 2016 to 15th Dec 201726.98%
  • 15th Dec 2017 to 15th Dec 20189.31%

Objectives and Approach

The Company will invest in equities on a global basis. The Company's approach is to be a long-term investor in its chosen stocks. It will not adopt short-term trading strategies.

Key Information

Inception 1st Nov 2010
Yield 0.5900%
Sector IA Global
Fund Size £16871.154mn
Fund Type OEIC
Classification Accumulation

Charges

Total Ongoing Charges 
Please note that whilst we endeavour to show all charges associated with specific funds, sometimes this is not possible due to the information not being made available by the fund provider. In such cases transaction or incidental cost information may be missing.
1.01%
Initial Charge 0%
AMC 0.90%

Part of our Foundation Fundlist Part of our Foundation Fundlist
WHY IS THIS FUND ON OUR FOUNDATION FUNDLIST?

Performance

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        Current Comparators


        • Cumulative Performance

          1 month3 months6 months1 year3 years5 years
          2.32% -2.23% 1.91% 9.31% 78.36% 151.31%

          Important Information
          Headline performance can mask the true characteristics of a fund. Without fully understanding how a fund is managed, you may inadvertanly become exposed to an undesirable level of risk to your capital. Some funds carry a dilution levy which reduces the number of units realised on any initial investment as an initial charge. If this fund carries such a levy it should be detailed in the Key Investor Information Document (KIID), which we must provide and you should read before investing.

          The graphs shown are supplied by an external data provider and may contain data that appears to preced the introduction of the clean unit class for this fund. In such cases, historial data has been synthesised at the entire discretion of that external provider as realistically as possible using historical data recorded against the previously available commission-paying version of the fund, adjusting for fees in the process.



        Composition

        Important Documents


        The documents listed below are the latest versions made available to our data provider by the fund management group, but may not necessarily reflect the applicable charges that would be levied should you purchase this fund via Charles Stanley Direct. You should treat the charges and other figures shown in the 'Overview' tab as accurate.

        Fund Provider Factsheet
        The Fact Sheet is supplied on a monthly basis by the management group and provides limited information on the fund. Past performance data and a review of how the fund has performed are commonly featured.
        FUND PROVIDER FACTSHEET
        241,956 bytes PDF Document; last updated 30 Nov 2018
        Key Investor Information Document This document, issued by the product provider, provides key information about an investment product. The information is required by law to help potential investors understand the nature, risks, costs, potential gains and losses of the product and enable comparison with other products.
        KEY INVESTOR INFORMATION DOCUMENT
        200,193 bytes PDF Document; last updated 31 Jan 2018
        Annual Report A report published by the Fund Management Group detailing the progress of the fund during the course of the previous 12 months. The information provided includes a financial statement for the group as a whole.
        ANNUAL REPORT
        1,489,375 bytes PDF Document; last updated 31 Dec 2017
        Semi Annual Report Published periodically through the course of the financial year of the fund, the report provides an overview of the fund's performance and the prospects for the remainder of the year. Included are portfolio changes (i.e. which stocks have been bought and sold), and changes in the geographical breakdown during the course of the previous 12 months.
        SEMI-ANNUAL REPORT
        1,486,940 bytes PDF Document; last updated 30 Jun 2018
        Prospectus This is a formal document which contains details of the funds' objectives, investment strategies, risks, performance, distribution policy, fees and expenses and, fund management style.  A fund’s prospectus must be lodged with the Financial Conduct Authority (FCA) for authorisation.
        PROSPECTUS
        3,229,960 bytes PDF Document; last updated 31 Jan 2018

        Management Team

        Terry Smith has managed this fund for 8 years and 1 month.

        Terry Smith Terry Smith graduated in History from University College Cardiff in 1974. He worked for Barclays Bank from 1974-83 and became an Associate of the Chartered Institute of Bankers in 1976. He obtained an MBA at The Management College, Henley in 1979. He became a stockbroker with W Greenwell & Co in 1984 and was the top-rated bank analyst in London from 1984-89. In 1990 he became head of UK Company Research at UBS Phillips & Drew, a position from which he was dismissed in 1992 following the publication of his best selling book Accounting for Growth. He joined Collins Stewart shortly after, and became a director in 1996. In 2000 he became Chief Executive and led the management buy-out of Collins Stewart, which was floated on the London Stock Exchange five months later. In 2003 Collins Stewart acquired Tullett Liberty and followed this in 2004 with the acquisition of Prebon Group, creating the world's second largest inter-dealer broker. Collins Stewart and Tullett Prebon were demerged in 2006 with Terry remaining CEO of Tullett Prebon until September 2014. In 2010 he founded Fundsmith where he is CEO and CIO. In 2012 he was appointed a Member of the New Zealand Order of Merit for services to New Zealand-UK relations following the success of his campaign to commemorate the New Zealander, Air Marshal Sir Keith Park.

        Manager Cumulative Performance v Peer Group

        Performance Graph

        All funds managed by Terry

        Name of Security Sole/Co Managed Since
        Fundsmith Eq Feeder Sole Nov 2011
        Fundsmith Eq Feeder Sole Nov 2011
        Fundsmith Equity Sole Nov 2010
        Fundsmith Sust Eq Sole Nov 2017
        Fundsmith Sust Eq Sole Nov 2017
        • Terry Smith’s Fundsmith is launching a new investment trust speci...

          21st Sep 2018 READ MORE
        • Rob Morgan takes a look at Fundsmith Equity Fund, whose manager T...

          19th Jul 2018 READ MORE
        VIEW ALL NEWS