Fundsmith Equity Fund - Sicav
€56.44 T Class Acc, 24 Sep 21
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Fundsmith Equity Fund awarded AAA rating by Square Mile Research

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Alongside the rating upgrade, Square Mile commented: 
“We are delighted to announce that we have upgraded our rating on the Fundsmith Equity Fund from AA to AAA.
“This fund and its manager, Terry Smith, are well known within the market for delivering an impressive performance track record. The fund is run with a clear and distinctive investment philosophy which results in a high-quality portfolio of growing companies. We have been impressed with the consistency of the managers approach and his ability to deliver on Square Mile's Expected Outcome. Overall, we believe this fund warrants our highest accolade.”
The fund offers investors a high quality, concentrated portfolio of resilient global growth companies which are held for the long term. 
Since inception to the end of February 2021, the Fundsmith Equity Fund T Class Accumulation Shares have delivered a compound return of 17.8% p.a. and a total return of 442.7% (net of fees), outperforming the MSCI World Index (GBP, net) by 6.1 percentage points and 230.1 percentage points, respectively. 
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.