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Our Promise
- No fees for performance
- No up front fees
- No nonsense
- No debt or derivatives
- No shorting
- No market timing
- No index hugging
- No trading
- No hedging
- Fundsmith Knows

FSEF will screen the world to find businesses which:

· Sustain a high return on operating capital employed
· Have advantages that are difficult to replace
· Do not require significant borrowing to generate returns
· Have a high degree of certainty of growth from reinvestment of their cash flows at high rates of return
· Are resilient to change, particularly technological innovation
· Have a valuation which is considered to be attractive

FSEF will not invest in businesses in any of the following sectors:

· Aerospace & Defence
· Brewers, Distillers & Vintner
· Casinos and Gaming
· Gas and Electric Utilities
· Metals & Mining
· Oil, Gas and Consumable Fuels
· Pornography
· Tobacco

In addition Fundsmith screens investments for sustainability in the widest sense, taking account not only the companies handling of environmental, social and governance policies and practices but also their policies and practices on research and development, new product innovation, dividend policy and adequacy of capital investment.

www.fundsmith.green

Contact: Mark Laurence 020 3551 6337

Fundsmith News

What we are saying

Fundsmith Appoints Three New Partners

August 02 2018

Fundsmith LLP, the fund management company founded by Terry Smith, announces the appointment of Conrad Rey, Greville Ward and Daniel Washburn as Partners, subject to FCA approval.

Fundsmith Sustainable Equity Fund Wins Best New Fund At Money Marketing Awards

July 04 2018 Fundsmith

The Fundsmith Sustainable Equity Fund ('FSEF'), which launched in November 2017, has won the ‘Best New Fund’ category at the Money Marketing Awards 2018. Money Marketing chose FSEF as the winner for its “credibility in the market and high competitive potential”.

What others are saying

Money Marketing - Inside Fundsmith’s new investment trust (video)

October 03 2018 Justin Cash

Last month, star manager Terry Smith announced he was throwing £25m of his own money behind a new investment trust, Smithson. Ahead of its launch, Money Marketing editor Justin Cash sat down with Simon Barnard and Will Morgan, the fund’s managers, to talk strategy, as well as their thoughts on some of the hottest topics in investments.

Daily Mail - Star fund manager Terry Smith reveals new investment trust to find and profit from the world's best small and mid-sized companies

September 04 2018 Alex Sebastian

City star Terry Smith has revealed plans for a new investment trust focused on global small and mid-sized companies. Smith's self-titled firm Fundsmith will roll out the Smithson Investment Trust with the aim of finding and investing in 25 to 40 of the world's best small and medium-sized companies.

What Terry Smith is saying

Financial Times - Busting the myths of investment: Do equities outperform bonds?

November 07 2018 Terry Smith

As an equity fund manager, questioning the investment myth that equities outperform bonds is the equivalent of coprolalia, an occasional characteristic of Tourette’s syndrome in which the sufferer involuntarily utters socially inappropriate remarks.

Financial Times - Busting the myths of investment: who needs income?

October 03 2018 Terry Smith

There seems to be something so alluring about dividend income that it often seems to lead investors to abandon common sense or be encouraged to do so by the investment industry. For example, how many times have you heard it said that the majority of returns from investment in equities comes from reinvestment of the dividends?

Our Promise

FSEF will screen the world to find businesses which:

FSEF will not invest in businesses in any of the following sectors:

www.fundsmith.green

Contact: Mark Laurence 020 3551 6337

Fundsmith News