Get Wilmington Fundamentally Weighted Large Company Fund

Fundsmith Equity remains one of the most popular funds among investors and it's not hard to see why. It has a straightforward, nonsense-free approach — espoused by manager Terry Smith — coupled with excellent returns to date.

"Blend" generally refers to a combination of different investments within the same asset class. For example, an all-stock mutual fund, such as an S&P 500 index fund may be considered a "large blend" fund because it holds a mix of large cap growth and value stocks.

Since launch in 2011, Fundsmith has delivered an annualised return of 15.1% to 30 November. That compares to 11.2% on its benchmark index, MSCI World. Over the period, that's the difference between 527.6% and 300%. Mr Smith doesn't always beat the market.

Fundsmith employs a long-term, buy-and-hold investment philosophy. Its funds seek to own concentrated portfolios of quoted businesses that will compound in value over the years, chosen on the basis of company fundamentals, defensible competitive advantages, and attractive valuation.

Fundsmith Equity remains one of the most popular funds among investors and it's not hard to see why. It has a straightforward, nonsense-free approach — espoused by manager Terry Smith — coupled with excellent returns to date. I've been a holder for years.

This year, the US market has underperformed on the back of inflation and interest rate concerns. Year to date, the S&P 500 is down more than 10%. So, this will have had an impact on Fundsmith. Secondly, many of Fundsmith's holdings have been hit hard in 2022.

What Are T Shares? T shares are a class of lower-cost mutual fund shares, meant to provide less expensive access to fund management for investors by imposing lower maximum sales loads paid to brokers or advisors.

Fundsmith Equity I Acc Trailing Returns (GBP)29/12/2023YTD12.483 Years Annualised5.345 Years Annualised11.9210 Years Annualised15.01