Fundsmith Equity Fund Sicav R EUR Acc
Sub-fund of FUNDSMITH EQUITY FUND FEEDER (SICAV domiciled in Luxembourg)
Fund is the popular name for UCI (Undertaking for Collective Investment). A UCI is an undertaking that brings together several investors and invests their deposited money in various investment products, such as stocks, bonds, cash, etc., in order to spread the risk.
Before you proceed with investing, you must read and evaluate the KIID and prospectus. The KIID sets out the objectives, investment policy, risks and benefits, and costs and past performance of the fund.
Source NAV www.beama.be
KEY INFORMATION
LEGAL DOCUMENTS
PERFORMANCE
ANALYSIS

Fund Profile

Category: SICAV

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 shares of companies and it will not adopt short-term trading strategies. The fund has stringent investment criteria in selecting securities for its investment portfolio, investing in businesses: that can sustain a high return on operating capital employed; whose advantages are difficult to replicate; which do not require significant leverage 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 other funds, property or derivatives nor hedge any currency exposure. The fund will not borrow money, except in unusual circumstances. The fund is actively managed meaning that the fund manager uses their expertise to select investments to achieve the fund’s objective. The fund does not track and is not managed by reference to any particular benchmark. The fund does not have any specific geographical or sector focus. An investor, or prospective investor, may invest or redeem their shares on demand. The dealing takes place on each business day (where it is a business day in Luxembourg), with the cut-off being 1:00pm. (CET). The price of any trades will be set by reference to the net asset value (“NAV”) of the fund calculated as at 1.00p.m. (CET). 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. Recommendation: This fund invests for the long-term and may not be appropriate for investors who plan to withdraw their money within 5 years.

Risk Profile
Significant risks that are not adequately reflected in the profile:

Currency risk
The fund can be adversely affected by exchange rate fluctuations.
Operational risk
This risk relates to failures in systems and processes.
Concentration risk
The fund has a higher risk when investing in one country.

You will find all other risks associated with this fund in the prospectus.
Morningstar Rating
More information about the calculation of the Morningstar Ratings
Silver
Silver
Risk and reward profile
1
2
3
4
5
6
7
Lower Risk
Possible Lower
Returns
Higher Risk
Possible higher
Returns
Key Information
Closing Price 29/09/2020 42.81
Morningstar category Global Large-Cap Growth Equity
Currency EUR
Distribution status Capitalizing
ISIN LU0690374615
Inception Date 02/11/2011
Maturity date Unlimited
Management strategy (vs benchmark) Active
Minimum initial amount 100.00 EUR
Fees And Charges
Entry fee None
Tax on entry None
Custody fees None
Tax on returns
No
Tax on dividend N/A
Exit fee None
Tax on exit 1.32 (max. 4,000.00 EUR per fund)
Ongoing charge 1.62% of which 0.55% is paid to MeDirect
Fund management company
Address Fundsmith LLP Fundsmith LLP 33 Cavendish Square London W1G 0PW United Kingdom
Manager Name Terry Smith
Manager Start Date 02/11/2011
Website www.fundsmith.co.uk
Total Net Assets (mil) - (31/08/2020)
UCITS Yes
Administrator State Street Bank International GmbH, Luxembourg Branch

Legal Documents

It is possible that this fund applies swing pricing. Please consult the prospectus for more information.
Should you have any complaints, you may contact Compliance Officer MeDirect, Keizerinlaan 66, 1000 Brussel or via complaints@medirect.be or Ombudsfin, Ombudsman for financial disputes, North Gate II, Koning Albert II – laan 8 bus 2, 1000 Brussel or via ombudsman@ombudsfin.be

Performance

Historical returns returns and the evolution of the NAV are no guarantee for future performances. Investing in Financial markets and securities involves risk. Past performance is not a guarantee of future results. Investment losses may occur and investors could lose some or all of their investment in the Fund.
Sales charges (like entry- and exit fees ) and taxes are not included in the calculation of past performance. Management fees, administrative fees and other costs taken out of the fund assets have been taken in to account, as they are already included in the NAV.
Annualised performance in EUR
PeriodAnnualised returnDate
1 year8.96%29/09/2020
3 years14.18%29/09/2020
5 years15.32%29/09/2020
Since launch17.73%29/09/2020
Cumulative performance in EUR
Performance
YTD 01/01/20205.29
1 month-0.43
3 months7.49
6 months21.54
Quarterly Returns
Q 1Q 2Q 3Q 4
2020-11.63%12.09%--
201920.05%2.89%2.32%4.30%
2018-3.67%10.86%5.18%-10.61%
20178.24%1.96%-0.65%6.82%
2016-0.84%3.99%3.40%2.13%

Asset Allocation
% Long% Short% Net Assets
Stock97.71%0.00%97.71%
Bond0.00%0.00%0.00%
Cash2.29%0.00%2.29%
Other0.00%0.00%0.00%
Return/Risk Analysis
Risk Measurement1 Year3 Years5 Years
Standard Deviation
19.1215.2713.73
Sharpe Ratio
0.940.891.09
Sortino Ratio
1.541.381.81
Positive Months8.0026.0042.00
Negative Months3.009.0017.00
Worst Month-7.87-7.87-7.87
World Regions
Region%
United States65.66
United Kingdom14.87
Eurozone9.15
Europe - ex Euro8.04
Stock Sector Weighting
Sector% of Equity
Consumer Defensive
31.02
Healthcare25.11
Technology16.91
Industrials8.63
Financial Services8.51
Communication Services4.20
Consumer Cyclical
3.33
Top 10 Holdings
HoldingSectorCountry% of Assets
Microsoft Corp TechnologyUnited States7.71
Novo Nordisk A/S B HealthcareDenmark5.05
Philip Morris International Inc Consumer DefensiveUnited States4.83
PayPal Holdings Inc Financial ServicesUnited States4.66
The Estee Lauder Companies Inc Class A Consumer DefensiveUnited States4.27
Facebook Inc A Communication ServicesUnited States4.20
Intuit Inc TechnologyUnited States4.01
IDEXX Laboratories Inc HealthcareUnited States3.98
McCormick & Co Inc Non-Voting Consumer DefensiveUnited States3.93
PepsiCo Inc Consumer DefensiveUnited States3.91
It is possible that some UCI presented in the portfolio are not offered in Belgium, please verify with our client service
Classification of Morningstar Category
Ranking1 Year2 Years3 Years5 Years
Top 25%
Category above the average
Category below the average
Bottom 25%
Morningstar Style Box
Equity Style
Large
Size
Mid
Small
Value
Blend
Growth
Style
All key information and documents must be reviewed before being able to Invest.