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Dear Fellow Investor,
of being a fund it was a company and accounted for the stakes which it owns in the portfolio on a ‘look-through’ basis, and compares this with the market, in this case the FTSE 100 and the S&P 500. This shows you how the portfolio compares with the major indices and how it has evolved over time. Year ended Fundsmith Equity Fund Portfolio S ...
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Fund Factsheet
www.fundsmith.euT Class Inc 1.11% EUR 2,000 € 56.83 R Class Acc 1.61% EUR 2,000 € 57.48 ... Lauder, McCormick, Philip Morris and Visa. The top 5 detractors were Intuit, Amazon, Nike, Brown Forman and an as ... Just a small number of high quality, resilient, global growth companies that are good value and which we intend to hold for a long time, and in ...
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