Fundsmith Equity R Inc

Performance History31/10/2017
Growth of 1,000 (ZAR)
Fundsmith Equity R Inc
Fund57.027.745.8-5.732.7
+/-Cat5.316.015.03.09.4
+/-Idx0.611.813.1-0.510.5
 
Key Stats
NAV
17/11/2017
 GBP 3.34
Day Change -0.02%
Morningstar Category™ Global Large-Cap Blend Equity
ISIN GB00B4QBRK32
Fund Size (Mil)
31/12/2014
 GBP 3001.92
Share Class Size (Mil)
16/11/2017
 GBP 21.23
Max Initial Charge -
Ongoing Charge
30/06/2017
  1.55%
*  This rating and report were issued for a different share class of this fund. The performance and fee structure of this class may vary from that referenced.
Morningstar Research
Analyst Report

This is one of the strongest options for investors seeking exposure to high quality global equities. Terry Smith co-founded Fundsmith LLP and launched this fund in 2010 on the back of the success he achieved as investment advisor to the Tullett...

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Morningstar Pillars
PeoplePositive
ParentPositive
ProcessPositive
PerformancePositive
PriceNeutral
Investment Objective: Fundsmith Equity R Inc
The fund’s objective is to achieve long term growth in value, investing in shares of companies on a global basis. The fund’s 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.
Returns
Trailing Returns17/11/2017
YTD33.03
3 Years Annualised24.90
5 Years Annualised29.53
10 Years Annualised-
12 Month Yield 0.29
Dividend Paying Frequency Half-yearly
Management
Manager Name
Start Date
Terry Smith
01/11/2010
Inception Date
01/11/2010
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Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI World NR GBPMSCI World NR USD
Portfolio Profile for  Fundsmith Equity R Inc31/10/2017
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stocks98.130.0098.13
Bonds0.000.000.00
Cash1.870.001.87
Other0.000.000.00
Top 5 Regions%
United States63.61
United Kingdom18.91
Eurozone10.94
Europe - ex Euro6.55
Canada0.00
Top 5 Sectors%
Healthcare29.87
Consumer Defensive28.07
Technology15.88
Industrials13.04
Financial Services9.13
Top 5 HoldingsSector%
PayPal Holdings IncFinancial ServicesFinancial Services5.76
Amadeus IT Group SA ATechnologyTechnology5.76
Microsoft CorpTechnologyTechnology5.28
Waters CorpHealthcareHealthcare4.87
C.R. Bard IncHealthcareHealthcare4.75
Fundsmith Equity R Inc