Fact sheet: Fundsmith Emg Eqs Tst

Fund information
Fund name
Fundsmith Emerging Equities Trust Ord
Fund manager company
Fundsmith
Fund type
Investment Trust
Fund manager
  • Terry Smithsince 24/06/2014
Fund objective
The Company’s investment objective is to provide Shareholders with an attractive return by investing in a portfolio of shares issued by listed or traded companies which have the majority of their operations in, or revenue derived from, Developing Economies and which provide direct exposure to the rise of the consumer classes in those countries. For the purposes of the Company’s investment policy, “Developing Economy” means any country other than those listed in the MSCI World Index (the countries listed in the MSCI World Index as at the date of this Prospectus being Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, the UK and the US). It is anticipated that the initial portfolio will comprise between 35 and 55 equity investments once the Net Proceeds are substantially invested.
Benchmark
  • MSCI Emerging Markets
Investment style
Active
Investment method
No data available.
Quick stats
1 Year return
7%
1 Year rank in sector
10/10
Sector
IT Global Emerging Markets Equities
Yield
-
Fund size
£237m
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
122
Mid price
1049
NAV
?Net asset value. The NAV per share may be higher or lower than the share price, which in turn is trading at either a discount or a premium to NAV.
1029.1
Discount/Premium
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
+2.32
Gearing
?Investment trusts have the ability to borrow money which they invest with the aim of generating a higher return than the cost of the loan. An ungeared trust has a figure of 100. A figure of 110 would represent a trust with 10% gearing.
100
Top in this sector
Fund name1 Year
Templeton Emg Mkts38.5%
JPM GblEM Inc Tst plc35.9%
BlkRck Frontiers Inv Trst31.7%
Genesis Emerging Mkt25.7%
Abr Frn Mr Inv CmpLtd24%
...more in IT Global Emerging Markets Equities

Performance snapshot

Holdings snapshot

  • Asia64.2%
    Europe & Middle East25.8%
    Latin America9.5%
    Money Market0.5%
  • Consumer Staples84.1%
    Consumer Discretionary10.3%
    Health Care2.7%
    Materials2.4%
    Money Market0.5%
  • Asia Pacific Equities64.2%
    Middle East & African Equities25.8%
    American Emerging Equities9.5%
    Money Market0.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-7.6%-5.1%6%7%--
Sector-5.4%-1.8%14.7%22.3%10.7%24.1%
Rank within sector9 / 108 / 109 / 1010 / 10--
Quartile4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund9.8%-10.9%---
Sector23%-10.4%1.6%3.3%9.5%
Rank within sector10 / 107 / 10---
Quartile4th3rd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
-
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
-
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
-
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
-
Price movement
52 week high1195
52 week low820.5
Current bid price1040
Current offer price1050
Current mid price1049
Region
1Asia64.2%
2Europe & Middle East25.8%
3Latin America9.5%
4Money Market0.5%
Industry sector
1Consumer Staples84.1%
2Consumer Discretionary10.3%
3Health Care2.7%
4Materials2.4%
5Money Market0.5%
Asset type
1Asia Pacific Equities64.2%
2Middle East & African Equities25.8%
3American Emerging Equities9.5%
4Money Market0.5%
Individual holdings
No data available.
Management
Fund manager group
Fundsmith
Fund manager company
Fundsmith
Fund type
Investment Trust
Fund objective
The Company’s investment objective is to provide Shareholders with an attractive return by investing in a portfolio of shares issued by listed or traded companies which have the majority of their operations in, or revenue derived from, Developing Economies and which provide direct exposure to the rise of the consumer classes in those countries. For the purposes of the Company’s investment policy, “Developing Economy” means any country other than those listed in the MSCI World Index (the countries listed in the MSCI World Index as at the date of this Prospectus being Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, the UK and the US). It is anticipated that the initial portfolio will comprise between 35 and 55 equity investments once the Net Proceeds are substantially invested.
Benchmark
  • MSCI Emerging Markets
Investment style
Active
Investment method
No data available.
Fund manager
NameSinceBiography
Terry Smith24/06/2014Terry Smith graduated in History from University College Cardiff in 1974. He worked for Barclays Bank from 1974-83 and became an Associate of the Chartered Institute of Bankers in 1976. He obtained an MBA at The Management College, Henley in 1979. He became a stockbroker with W Greenwell & Co in 1984 and was the top-rated bank analyst in London from 1984-89. In 1990 he became head of UK Company Research at UBS Phillips & Drew, a position from which he was dismissed in 1992 following the publication of his best selling book Accounting for Growth. He joined Collins Stewart shortly after, and became a director in 1996. In 2000 he became Chief Executive and led the management buy-out of Collins Stewart, which was floated on the London Stock Exchange five months later. In 2003 Collins Stewart acquired Tullett Liberty and followed this in 2004 with the acquisition of Prebon Group, creating the world's second largest inter-dealer broker. Collins Stewart and Tullett Prebon were demerged in 2006 with Terry remaining CEO of Tullett Prebon until September 2014. In 2010 he founded Fundsmith where he is CEO and CIO. In 2012 he was appointed a Member of the New Zealand Order of Merit for services to New Zealand-UK relations following the success of his campaign to commemorate the New Zealander, Air Marshal Sir Keith Park.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom
Fundsmith Emerging Equities Trust Ord
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1027.95
CurrencyGBX
Price updated05/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeNJNQ
Fundsmith Emerging Equities Trust Ord NAV
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1027.95
CurrencyGBX
Price updated05/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeKTEO
Data provided by

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