Fundsmith Equity Fund
692.28p T Class Acc, 23 Jul 24

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An ISA (Individual Savings Account) is a savings account available to UK residents on which the return is tax-free and which need not be declared on the investor’s tax return. All income (dividends and interest) and all capital gains within the account are free of tax. For the current year, 6 April 2024 to 5 April 2025 the overall investment limit is £20,000 (excluding the British ISA which has a separate £5,000 limit).

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Terry Smith named City A.M.’s Investor Of The Year and Morningstar award wins for Fundsmith Equity Fund

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12 May 2022: Fundsmith’s founder and Chief Executive, Terry Smith, and Fundsmith Equity Fund have been recognised with award wins by City A.M. and Morningstar, respectively.

City A.M. Awards 2022

Terry Smith has been named City A.M.’s investor of the year. After a two and half year break, the gala awards dinner returned and was held for the first time in the Guildhall, in the heart of the City of London. The awards recognise the best of the Square Mile, Canary Wharf and London’s business community.

City A.M. hailed the City’s “resilience” in the face of unprecedented challenges and on the investor of the year award commented, “Investors have had a rough old time of it in the last year, navigating global, political and economic shifts like never before. But even in a tough environment there are gains to be had. It’s those investors that still raise the eyebrows of City professionals in admiration.” 

Morningstar Awards For Investing Excellence

Fundsmith Equity Fund was recognised by independent investment research company Morningstar in its annual Morningstar Awards For Investing Excellence 2022. The fund was crowned the Best Global Equity Fund in Belgium, France, Germany, Luxembourg, Netherlands, Spain, Switzerland and South Africa.  

The awards are designed to recognise the industry's top-notch fund offerings and investor-friendly firms. According to Morningstar, the winners “demonstrate the value of a solid long-term investment strategy at a time when domestic and international markets battled turbulent macro-economic and political headwinds”.

Morningstar selects the finalists using a quantitative methodology with a qualitative overlay that considers the one-, three- and five-year performance history of all eligible funds, and adjusts returns for risk using Morningstar Risk, a measure that imposes a higher penalty for downside variation in a fund’s return than it does for upside volatility. For the full Morningstar Awards methodology, please click here.

Fundsmith Equity Fund

Since inception to the end of April 2022, the Fundsmith Equity Fund T Class Accumulation Shares have delivered a compound return of 16.8% p.a. and a total return of 496.4% (net of fees), outperforming the MSCI World Index (GBP, net) by 4.9 percentage points and 233.3 percentage points, respectively.

Terry Smith, Founder and Chief Executive of Fundsmith, said:

“I am delighted to have been named City AM’s investor of the year and that Fundsmith Equity has yet again been named Morningstar’s best global equity fund in its prestigious awards in so many European countries, as well as in South Africa. This is testament to our goal of achieving superior returns over the long-term at a reasonable cost.”

For further information please contact:

Charlotte Balbirnie
+44 (0)7989 528421

Caroline Villiers
+44 (0)7808 585184

About Fundsmith

Fundsmith is focused on delivering superior investment performance at a reasonable cost. It was established to be different from its peers so as to achieve a different result in line with Sir John Templeton’s axiom that “If you want to have a better performance than the crowd, you must do things differently from the crowd.” The rigorous research process of Fundsmith is central to what we do. We apply exacting standards to potential investments to produce a portfolio of resilient businesses with excellent performance. Minimising the costs we incur on behalf of our customers in implementing our strategy also sits at the heart of our philosophy.

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 Mauritius and Connecticut, USA. It is structured to survive Terry Smith’s demise and continue with the same investment philosophy. All partners of the firm have a significant co-investment in our Funds delivering a clear alignment of interest. Ancillary activities are outsourced to some of the world's leading providers in order to deliver high quality operations whilst allowing the Fundsmith team to focus on the investment analysis and portfolio management and customer care.