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LINDSELL TRAIN UK EQUITY - Fund overview

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Overview of LINDSELL TRAIN UK EQUITY

This fund is designed for institutional investors as the minimum initial investment is £500,000. Nick Train follows Warren Buffet's investment process of choosing stocks with a low price relative to their intrinsic value and retaining them over the long term. The aim is to increase the real capital value of the fund at 2.5% compound yield per annum as well as returning above average dividend yields. Expect this fund to have a low turnover and a high tracking error.

Standard Initial Charge

2.00% 

Fund summary

Sector  UK All Companies
Product type  OEIC
Launched  July, 2006
Size  £469m
Yield 3.0%
Charging basis  –
Dividends paid  –
Bid price(inc) 128.45p
Bid price(acc) 150.98p

Fund Charges

Standard Initial charge 2.00%
Initial charge via Bestinvest
Additional bid/offer spread 0.00%
Annual management charge 0.65%
Total expense ratio 0.65%
Reduction in yield (10yr) 0.65%

Bestinvest says


No information available.

Portfolio

lindsell train uk equity asset allocation illustration
Allocation Proportion
Equity 96%
High yield bonds
Quality bonds 0%
Property 0%
Commodities
Hedge
Fund cash 4%
lindsell train uk equity equity geographic illustration
Allocation Proportion
UK 97%
Europe 0%
Nth America 3%
Japan 0%
Pacific 0%
Other Equity 0%
lindsell train uk equity equity capitalisation illustration
Allocation Proportion
Large Caps 51%
Mid Caps 35%
Small Caps 14%

Investment process


This fund aims to return both income and added value by identifying undervalued company's and holding them for the long term. Nick Train is not constrained to the FTSE All Share Index which is the reference benchmark. A sustainable high return on equity and low capital intensity are important fundamentals of the managers process of identifying potential buys before he calculates the intrinsic value relative to the share price.
Train believes that company's that are properly researched along these criteria offer relatively low risk, therefore expect a highly concentrated portfolio with a low turnover.
Nick Train generally favours financial services, media companies and consumer staples in the UK market.

The value of your investments and the income from them can go down as well as up, and you can get back less than you originally invested. Past performance or any yields quoted should not be considered reliable indicators of future returns. Before investing in funds please check the specific risk factors on the key features document or refer to our risk warning notice as some funds can be high risk or complex; they may also have risks relating to the geographical area, industry sector and/or underlying assets in which they invest. Prevailing tax rates and relief are dependent on your individual circumstances and are subject to change.

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