LF Lindsell Train UK Equity Fund Accumulation

Performance History31/03/2020
Growth of 1,000 (GBP) Advanced Graph
LF Lindsell Train UK Equity Fund Accumulation
Fund11.320.7-1.122.8-15.9
+/-Cat1.04.511.1-0.913.3
+/-B’mrk-5.47.68.43.69.3
 
Category: UK Flex-Cap Equity
Category Benchmark: FTSE AllSh TR GBP
Key Stats
NAV
07/04/2020		 GBX 400.22
Day Change 2.86%
Morningstar Category™ UK Flex-Cap Equity
IA (formerly IMA) Sector UK All Companies
ISIN GB00B18B9X76
Fund Size (Mil)
31/03/2020		 GBP 5428.54
Share Class Size (Mil)
07/04/2020		 GBP 2987.64
Max Initial Charge -
Ongoing Charge
03/04/2020		  0.65%
Morningstar Research
Analyst Report

This fund still benefits from a highly experienced and long-standing manager and a unique, well-structured investment approach. However, concerns over capacity management and the strategy’s ability to maintain purity of process with such a large...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
PeopleHigh
ParentBelow Average
ProcessAverage
Performance
Price
Investment Objective: LF Lindsell Train UK Equity Fund Accumulation
The investment objective of the Company is to invest in the securities of companies which are listed, quoted or dealt on any of the markets of the London Stock Exchange, including the Alternative Investment Market (AIM), with the objective of achieving capital and income growth and providing a total return in excess of that of the FTSE All-Share Index. It is the Company’s policy to invest primarily in ordinary shares, preference shares and convertible bonds listed, quoted or dealt in or any of the markets of the London Stock Exchange, including AIM. It is the Company’s policy not to invest in unlisted securities, other collective investment schemes, warrants, derivatives, immovables or gold.
Returns
Trailing Returns (GBP)07/04/2020
YTD-16.43
3 Years Annualised4.36
5 Years Annualised6.60
10 Years Annualised12.12
12 Month Yield 2.21
Management
Manager Name
Start Date
Nick Train
11/07/2006
Inception Date
10/07/2006
Advertisement
Category Benchmark
Fund BenchmarkMorningstar Benchmark
FTSE AllSh TR GBPFTSE AllSh TR GBP
Target Market
Role In Portfolio
Standalone / CoreNot Specific
ComponentNot Specific
OtherNot Specific
Primary Objective
PreservationNo
GrowthYes
IncomeNot Specific
HedgingNo
OtherNot Specific
Portfolio Profile for  LF Lindsell Train UK Equity Fund Accumulation29/02/2020
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock99.990.0099.99
Bond0.000.000.00
Property0.000.000.00
Cash0.000.000.00
Other0.010.000.01
Top 5 Regions%
United Kingdom81.23
United States9.93
Eurozone8.84
Canada0.00
Latin America0.00
Top 5 Sectors%
Consumer Defensive40.50
Financial Services27.93
Communication Services14.35
Consumer Cyclical10.13
Technology7.08
Top 5 HoldingsSector%
London Stock Exchange Group PLCFinancial ServicesFinancial Services10.18
RELX PLCCommunication ServicesCommunication Services10.14
Unilever PLCConsumer DefensiveConsumer Defensive10.11
Diageo PLCConsumer DefensiveConsumer Defensive9.94
Mondelez International Inc Class AConsumer DefensiveConsumer Defensive9.93
Increase Decrease New since last portfolio
LF Lindsell Train UK Equity Fund Accumulation

Related

Equity Research & Insights
£43.9 Billion in Underperforming "Dog" Funds
Bestinvest's latest "Spot the Dog" report reveals underperforming funds, with 91 funds in the doghouse
Annalisa Esposito
Fund Research & Insights
Do Concentrated Fund Portfolios Perform Better?
Investors are taught the importance of diversification, but does ignoring this advice and opting for a concentrated portfolio yield better results?&nb...
Annalisa Esposito
Equity Research & Insights
5 Stocks You Can Hold Forever
At times of uncertainty, it's best to look for "forever" stocks that will deliver for the long-term
Marina Gerner
Fund Rating News
Nick Train Downgraded by Morningstar Analysts
Nick Train's Lindsell Train UK Equity fund and Finsbury Growth Trust have been downgraded by Morningstar analysts amid concerns about capacity as asse...
Holly Black
ISA Investing
Will a Junior Isa Help Pay My Children's University Fees?
Private investor Simon Davies hopes saving into his kids' Jisas will help put them through university or get them on to the property ladder
Emma Simon
Fund Research & Insights
Should You Ditch Star Managers for Team-Run Funds?
The cult of the star fund manager has been called into question. Investors may do better to ditch the big name investors and choose funds run by teams...
Annalisa Esposito
Fund Research & Insights
Nick Train Suffers Outflows
Investors put their faith in index trackers, as the cult of the star manager is called into question and Train suffers biggest ever monthly outflows&n...
Annalisa Esposito
Fund Research & Insights
Which Funds Are in the Doghouse?
Latest Bestinvest "Spot the Dog" report reveals the perennially underperforming funds that could be holding back your returns
Holly Black
Equity Research & Insights
AG Barr Shares Plunge on Profit Warning
Drinks maker favoured by Nick Train blames wetter weather and weaker sales for lower-sugar drinks for a profit warning that has pushed shares down 27%
James Gard
Investment Trust Research & Insights
Lindsell Train Investment Trust Slides 22%
Investment trust suffers fallout from Lindsell Train UK equity and global equity funds being removed from Hargreaves Lansdown best-buy list
James Gard
In order to provide consistency across the report data provided by different Asset Managers, the calculated data points presented are generated using Morningstar’s proprietary calculation methodology which is set out in more detail at(https://www.morningstar.com/research/signature)

Audience Confirmation

By clicking 'accept' I acknowledge that this website uses cookies and other technologies to tailor my experience and understand how I and other visitors use our site. See 'Cookie Consent' for more detail.
  • Other Morningstar Websites
© Copyright 2020 Morningstar, Inc. All rights reserved.      Terms of Use     Privacy Policy.    Cookie Consent
HelpGlossaryLicensing OpportunitiesData OpportunitiesCareersContact MorningstarMethodologyAdvertiseSite MapCookie Consent
© Copyright 2020 Morningstar. All rights reserved. Terms of Use | Privacy Policy | Cookies

The Morningstar Star Rating for Stocks is assigned based on an analyst's estimate of a stocks fair value. It is projection/opinion and not a statement of fact. Morningstar assigns star ratings based on an analyst’s estimate of a stock's fair value. Four components drive the Star Rating: (1) our assessment of the firm’s economic moat, (2) our estimate of the stock’s fair value, (3) our uncertainty around that fair value estimate and (4) the current market price. This process culminates in a single-point star rating that is updated daily. A 5-star represents a belief that the stock is a good value at its current price; a 1-star stock isn't. If our base-case assumptions are true the market price will converge on our fair value estimate over time, generally within three years. Investments in securities are subject to market and other risks. Past performance of a security may or may not be sustained in future and is no indication of future performance. For detail information about the Morningstar Star Rating for Stocks, please visit here

Quantitative Fair Value Estimate represents Morningstar’s estimate of the per share dollar amount that a company’s equity is worth today. The Quantitative Fair Value Estimate is based on a statistical model derived from the Fair Value Estimate Morningstar’s equity analysts assign to companies which includes a financial forecast of the company. The Quantitative Fair Value Estimate is calculated daily. It is a projection/opinion and not a statement of fact. Investments in securities are subject to market and other risks. Past performance of a security may or may not be sustained in future and is no indication of future performance. For detail information about the Quantiative Fair Value Estimate, please visit here