• Search Funds
  • Model Portfolios
  • Provider
  • Sector
  • Manager

Search by provider name

Search by sector name

Search by manager name

Search by Risk Level

Fundsmith Equity Fund I Class Income

  • Fund Info & charges
  • Performance
  • Fund breakdown
  • Dividend History
Fund Provider Fundsmith LLP
Fund Summary The funds objective is to achieve long term growth in value, investing in shares of companies on a global basis. The funds approach is to be a long term investor in its chosen stocks and it will not adopt short-term trading strategies. The fund aims to invest in businesses, that can sustain a high return on operating capital employed, whose advantages are difficult to replicate, which do not require significant borrowing to generate returns, with a high degree of certainty of growth from reinvestment of their cash flows at high rates of return, that are resilient to change, particularly technological innovation, whose valuation is considered to be attractive. The fund will not invest in derivatives nor hedge any currency exposure. Nor will the fund borrow money, except in unusual circumstances. The fund does not follow a particular benchmark. An investor, or prospective investor, may buy or sell their shares on demand each business day in the UK. Instructions to buy or sell received before noon will be implemented that day; instructions received after noon or on a non-business day will be implemented on the next business day. The price of any trades will be set by reference to the net asset value (NAV) of the fund calculated as at noon. For the Accumulation Shares, the dividends are reinvested in the fund. For the Income Shares, the dividends are paid out to you from the fund. This fund invests for the long term and may not be appropriate for investors who plan to withdraw their money within 5 years.
SEDOL code B4MR8G8
Fund code FDEII
Managers Terry Smith
Manager Tenure 10 years
Morningstar Category Global Large-Cap Growth Equity
IMA Sector Global
Fund Size £2,147 million
Fund Type OEIC
Management Style Active
Ongoing Charge Figure (OCF) 0.95%
Cavendish ongoing charge 0.05%
FundsNetwork Service Fee 0.20%
Minimum Initial Investment £25
Minimum Top Up £25
Minimum Monthly Investment £25
Sell Price £4.5652
Buy Price £4.5652
Price Change +0.0461%
Price Date 29th May 2020
Yield 1.58%
Dividend Frequency Semi-Annually
ISA Eligible Yes
SIPP Eligible Yes
Inception Date 10th June 2013
Fund Status OPEN
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."

3-year Mean Monthly Return: 1.092%

Annual Returns 2019 2018 2017 2016 2015 2014 2013 2012 2011
Fund Performance +0.82% +23.33% +7.38% +30.15% +16.86% +28.95% +7.23% +25.63% +14.44%
Benchmark Performance
(Global Large-Cap Growth Equity)
-0.88% +9.79% +5.73% +28.07% -1.40%
Time Period Cumulative Benchmark Performance
(Global Large-Cap Growth Equity)
Fund Compared to Benchmark
1 day 0.05% +5.34% -5.29%
1 week 2.05% +7.13% -5.09%
1 month 8.58% +9.60% -1.02%
3 months 12.01% +6.10% +5.91%
6 months 7.39% +15.23% -7.83%
1 year 12.80% +10.07% +2.74%
3 years 13.81% +11.59% +2.22%
5 years 18.32% +10.59% +7.73%
10 years Currently unavailable Currently unavailable Currently unavailable
YTD 6.96% +1.67% +5.29%
Since inception 18.24% Currently unavailable Currently unavailable

Top 10 shares for this fund

Share Name Country Value
Microsoft Corp USA 6.42%
PayPal Holdings Inc USA 5.52%
Philip Morris International Inc USA 4.75%
The Estee Lauder Companies Inc Class A USA 4.58%
Facebook Inc A USA 4.44%
Amadeus IT Group SA A ESP 4.23%
Novo Nordisk A/S B DNK 4.16%
Stryker Corp USA 4.10%
McCormick & Co Inc Non-Voting USA 4.03%
Intuit Inc USA 4.01%
Dividend Date Per share amount Reinvestment Price
31st December 2019 0.0078 £4.2682
28th June 2019 0.0220 £4.2297
2nd January 2019 0.0063 £3.4588
29th June 2018 0.0184 £3.5950
2nd January 2018 0.0041 £3.3450
3rd July 2017 0.0179 £3.1244