Fundsmith Equity T Acc, GB00B4Q5X527:GBP summary (2024)

FAQs

What is the difference between Fundsmith Equity I ACC and T ACC? ›

The different between I and T are that class T (Terry :)) you get from Fundsmith website directly. You pay higher OCF but you get invited to the ASM and you get letters from Terry. Class I you get from the investment platforms. There is no difference in the portfolio what so ever.

Fundsmith Fund Performance Summary

The Fundsmith Equity fund received a 2-star rating due to its underperformance comparative to its sector peers over the past 1 and 5 years. Over the past year the fund returned growth of 14.84%, which was below the sector average and worse than 60% of funds in the Global sector.

In 2023, his global equity fund returned 12.4%, which was below the 16.8% return for the MSCI World index, a measure of performance for developed world equities. In 2022, Fundsmith Equity fell 13.8% and the market fell 7.8%. In 2021, Smith returned only slightly less than his benchmark, at 22.1% versus 22.9%.

Investment Objective: Fundsmith Equity T Acc. The investment objective of the Fund is to achieve long term growth (over 5 years) in value. The Fund will invest in equities on a global basis. The Fund's approach is to be a long-term investor in its chosen stocks.

Choosing whether to invest in accumulating or distributing ETFs should be in line with your investment plan. For example, if you want your investments to grow over time without actively managing them, you may choose an accumulating ETF, whereas if you want steady passive income, you may choose a distributing ETF.

Growth funds automatically reinvest any profits back into the fund. This helps the fund grow over time. These funds use the initials 'Acc' for accumulation in the fund name.

Your withdrawal can be a set amount or a percentage of your holding. For either the amount of the withdrawal or percentage, please indicate both the payment amount and the total annual amount. Monthly Quarterly Your regular withdrawal can be taken either monthly or quarterly. Please indicate your preference.

Dividend stocks are considered safer than high-growth stocks, because they pay cash dividends, helping to limit their volatility but not eliminating it. So dividend stocks will fluctuate with the market but may not fall as far when the market is depressed.

Fundsmith was established in 2010 by Terry Smith. The business is owned and controlled by its partners, who have worked closely together over many years, and is headquartered in London with offices in Connecticut, USA and Mauritius.

What stocks does Fundsmith hold? ›

Fundsmith owns three out of these five companies (Apple, Meta and Microsoft) but not Nvidia, which made the lion's share of the index's returns in H1.

Long-term relative performance remains stellar: the fund has comfortably outpaced the 225 per cent gain from the MSCI World over the past 10 years, ranking third among the more than 250 global equity funds available to UK investors –no mean feat in an era dominated by a handful of US tech stocks.

FundSmith Top 10: Valuation & Forecast Growth

The average expected three-year EPS growth rate is a decent 13.6% which is driven by the fund's biggest bets in Novo Nordisk and Microsoft. However, it could be argued that alternative ETFs have similar and lower valuations while offering more growth.

T Class: 1.0% Annual Management Charge, minimum initial investment £1000, minimum monthly investment £100. R Class: 1.5% Annual Management Charge, minimum initial investment £1000, no minimum monthly investment. I Class:​ 0.9% Annual Management Charge, minimum investment £5 million.

T Class: 1.0% Annual Management Charge, minimum initial investment £1000, minimum monthly investment £100. R Class: 1.5% Annual Management Charge, minimum initial investment £1000, no minimum monthly investment. I Class:​ 0.9% Annual Management Charge, minimum investment £5 million.

Cost accounting data has been published on a regular basis, whereas financial accounting data has been published after the end of the fiscal year, which is usually one year. Profit is determined by cost accounting data for a certain product, task, or procedure.

Management accounting tends to have a much stronger focus on internal systems and processes, and seeks to identify and analyse how to streamline these and maximise their efficiency. Meanwhile, financial accounting is more about the profitability and financial performance of a business.

Answer. The suffixes "ACC" and "DIST" behind an ETF's name are shorthand for "Accumulating" and "Distributing". This is an indication of the two different ways of how an ETF can manage the dividends it generates.