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FUNDSMITH EQUITY R - Fund overview

No Bestinvest rating
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Overview of FUNDSMITH EQUITY R

The fund targets long term growth by investing in equities worldwide. Manager Terry Smith invests in a concentrated portfolio of large, liquid stocks, then holds them for the long term. He favours high quality, resilient companies with intangible, hard to replicate assets such as brand names. Companies employing leverage or in cyclical industries are avoided. In constructing the portfolio little regard is paid to the index, so the fund may be concentrated by sector or country.

Standard Initial Charge

0.00% 0.00%

Fund summary

Sector	Global
Product type	OEIC
Launched	November, 2010
Size	£405m
Yield	0.0%
Charging basis	–
Dividends paid	Aug & Feb.
Bid price(inc)	118.36p
Bid price(acc)	119.18p

Fund Charges

Standard Initial charge	0.00%
Initial charge via Bestinvest	0.00%
Additional bid/offer spread	0.00%
Annual management charge	1.50%
Total expense ratio	1.66%
Reduction in yield (10yr)	1.66%

Bestinvest says

Fund manager Terry Smith has enjoyed a long and successful career in finance, notably upsetting the City establishment with his book Accounting for Growth in 1992. Smith has strong views on the fund management industry and has put these views into practice in the Fundsmith Equity fund. His lack of a fund management track record mean we cannot consider this fund for a Bestinvest rating at present, but his strong credentials mark this out as one to watch.

Portfolio

fundsmith equity r asset allocation illustration

Allocation		Proportion

	Equity	99%
	High yield bonds	–
	Quality bonds	–
	Property	–
	Commodities	–
	Hedge	–
	Fund cash	1%

fundsmith equity r equity geographic illustration

Allocation		Proportion

	UK	45%
	Europe	15%
	Nth America	20%
	Japan	5%
	Pacific	10%
	Other Equity	5%

fundsmith equity r equity capitalisation illustration

Allocation		Proportion

	Large Caps	80%
	Mid Caps	15%
	Small Caps	5%

View all performance data for FUNDSMITH EQUITY R

Investment process

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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