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LINDSELL TRAIN GLOBAL EQUITY A

Bestinvest LogoTargets long term capital and income growth from developed market equities worldwide. Concentrated portfolio with a low turnover.

PRICE (INC)

350.78p

PRICE (ACC)

-

INITIAL CHARGE

4.5%

0%

ANNUAL MANAGEMENT CHARGE

1.1%

ONGOING CHARGE

1.15%

YIELD

1.7%

1 YEAR
1.65%
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Prices as at 01 Dec 2023.

Fund commentary last updated 05 Nov 2021.

Past performance is not an indication of future performance.

Capital at risk.

The investment objective of the Sub-Fund is to achieve capital and income growth over the long term. The Sub-Fund intends to achieve its investment objective by investing directly in a concentrated portfolio of global equities, primarily those listed or traded on Recognised Exchanges in developed countries world-wide.

Fund summary

SectorGlobal
StructureOFFSHORE FUND
LaunchedMarch 2011
Size£4,871m
Yield1.7%
Dividends paidJanuary, July

Charges

Standard Initial Charge4.5%
Initial Charge Via BestInvest0%
Additional Bid/Offer Spread0%
Annual Management Charge1.1%
Ongoing Charges Figure1.15%

Investment Process

A company must have a particular set of characteristics to be considered for the Global Equity Fund. These include heritage, with the average age of its holdings being a remarkable 123 years, and predictable earnings through pricing power and/or intellectual property. The managers also look for companies with low capital intensity and sustainably high returns on capital. The team find most of their investments in a select group of industry categories – consumer branded goods and internet/media/software as people will never tire of being entertained or informed. Other strong categories include financials and pharmaceuticals, but the team avoids heavy, old industry and particularly cyclical sectors. The managers value their target firms using a variety of approaches, the most important being a discounted cash flow calculation. They will only look to sell a holding if there is a ‘significant breach’ of the valuation target or when the investment premise is no longer valid. This is because the team believes that owning great companies for the long haul makes sense and that transaction costs are a tax on clients’ money. The portfolio typically holds between 20 and 35 stocks and its biggest sector exposure is to consumer staples. Its holdings are typically found in the UK, the US, Japan and Europe.

The information on this website is not intended to be advice or a recommendation to buy, sell or hold any investment mentioned. The value of investments and the income from them can go down as well as up and you may not get back the amount invested.

Past performance is not a guide to future performance. View full risk warning