Lindsell Train Global Equity Class B - Distributing Inc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 30/09/20 to 30/09/21 |
30/09/21 to 30/09/22 |
30/09/22 to 30/09/23 |
30/09/23 to 30/09/24 |
30/09/24 to 30/09/25 |
|
|---|---|---|---|---|---|
| Fund | 9.3% | -6.2% | 2.0% | 13.8% | 2.6% |
| Sector | 23.2% | -8.9% | 7.8% | 16.2% | 12.1% |
| Rank | 400/416 | 185/458 | 424/494 | 366/518 | 464/544 |
| Quartile | 4 | 2 | 4 | 3 | 4 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/09/25 |
5 Years to 30/09/25 |
10 Years to 30/09/25 |
||
| Fund | 6.0% | 4.1% | 10.9% | |
| Sector | 12.0% | 9.5% | 11.2% | |
| Rank | 445/494 | 382/416 | 163/257 | |
| Quartile | 4 | 4 | 3 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| NINTENDO CO. | 9.18 |
| RELX | 8.54 |
| LONDON STOCK EXCHANGE GROUP | 7.97 |
| TKO GROUP HOLDINGS INC | 6.80 |
| ALPHABET | 6.28 |
| THERMO FISHER SCIENTIFIC | 4.90 |
| WALT DISNEY COMPANY(THE) | 4.89 |
| DIAGEO | 4.74 |
| UNIVERSAL MUSIC GROUP N.V. | 4.37 |
| INTUIT | 4.17 |
| Total | 61.85 |
Fund Aims
The investment objective of the Sub-Fund is to achieve capital and income growth over the long term.
Fund Manager
James is an Investment Adviser to the Lindsell Train Global Equity Funds. James joined Lindsell Train in October 2010. He has a Masters degree in Physics from the University of Oxford and a doctorate in Biomechanics from the University of Cambridge.
James is Portfolio Manager for global equity accounts and is responsible for coordinating and steering our company research efforts for all strategies. He passed the Investment Management Certificate in 2012.
Nick Train is Investment Adviser to Finsbury Growth & Income Trust PLC, and Investment Adviser to the CF Lindsell Train UK Equity Fund and Lindsell Train Global Equity Fund. Nick Train was with GT for 17 years where he successfully managed the GT Income Fund for some 13 years. Subsequently he spent two years with M&G (and was appointed Head of Global Equities), leaving to form Lindsell Train with Michael Lindsell in December 2000.
Michael Lindsell is the Investment Adviser to the Lindsell Train Japanese Equity and Global Equity Funds. Michael’s career and interest in Japanese equities started over 20 years ago at Lazard Brothers. Successful roles as a Japanese equities fund manager and Head of Japanese equities followed at Scimitar Asset Management Hong Kong, Warburg Asset Management and GT Management’s Tokyo office followed over the next 15 years. After relocating to the UK in 1997, he was appointed head of the combined global product team following the acquisition of GT by INVESCO in 1998. 18 months later, Michael left to establish Lindsell Train Limited, together with Nick Train in 2000.
Fund Overview
| Mid (29/10/2025) | £4.84 |
| Historic yield | 0.78% |
| Fund size (31/08/2025) | £3523.14m |
| Number of holdings | 25 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.68% |
| Launch date | 16/03/2011 |
Asset Allocation
| International Equities | 72.07% | |
| UK Equities | 27.52% | |
| Cash and Equivalents | 0.41% |
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your investment can go down as well as up so you might get back less than you put in.
This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Asset Allocation
| International Equities | 72.07% | |
| UK Equities | 27.52% | |
| Cash and Equivalents | 0.41% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Consumer Discretionary | 37.90% | - | - | - | |
| Consumer Products & Services | - | 20.22% | - | - | |
| Leisure Goods | - | - | 11.13% | - | |
| Electronic Entertainment | - | - | - | 9.18% | |
| Toys | - | - | - | 1.95% | |
| Personal Goods | - | - | 5.95% | - | |
| Clothing & Accessories | - | - | - | 3.75% | |
| Cosmetics | - | - | - | 2.20% | |
| Consumer Services | - | - | 3.13% | - | |
| Consumer Services: Misc. | - | - | - | 3.13% | |
| Media | - | 16.06% | - | - | |
| Media | - | - | 16.06% | - | |
| Entertainment | - | - | - | 11.69% | |
| Radio & TV Broadcasters | - | - | - | 4.37% | |
| Travel & Leisure | - | 1.62% | - | - | |
| Travel & Leisure | - | - | 1.62% | - | |
| Recreational Services | - | - | - | 1.62% | |
| Consumer Staples | 21.98% | - | - | - | |
| Food, Beverage & Tobacco | - | 17.95% | - | - | |
| Beverages | - | - | 14.25% | - | |
| Distillers & Vintners | - | - | - | 6.17% | |
| Soft Drinks | - | - | - | 4.28% | |
| Brewers | - | - | - | 3.79% | |
| Food Producers | - | - | 3.70% | - | |
| Food Products | - | - | - | 3.70% | |
| Personal Care, Drug & Grocery Stores | - | 4.04% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 4.04% | - | |
| Personal Products | - | - | - | 4.04% | |
| Technology | 19.00% | - | - | - | |
| Technology | - | 19.00% | - | - | |
| Software & Computer Services | - | - | 19.00% | - | |
| Computer Services | - | - | - | 8.54% | |
| Consumer Digital Services | - | - | - | 6.28% | |
| Software | - | - | - | 4.17% | |
| Financials | 7.97% | - | - | - | |
| Financial Services | - | 7.97% | - | - | |
| Finance & Credit Services | - | - | 7.97% | - | |
| Financial Data & Systems | - | - | - | 7.97% | |
| Industrials | 7.84% | - | - | - | |
| Industrial Goods & Services | - | 7.84% | - | - | |
| Industrial Support Services | - | - | 7.84% | - | |
| Transaction Processing Services | - | - | - | 4.15% | |
| Professional Business Support Services | - | - | - | 3.68% | |
| Health Care | 4.90% | - | - | - | |
| Health Care | - | 4.90% | - | - | |
| Medical Equipment & Services | - | - | 4.90% | - | |
| Medical Equipment | - | - | - | 4.90% | |
| Cash and Equivalents | 0.41% | - | - | - | |
Regional Allocation
| North America | 47.31% | |
| UK | 27.52% | |
| Developed Europe - Excl UK | 13.25% | |
| Japan | 11.51% | |
| Cash and Equivalents | 0.41% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 95.13% | |
| Yen | 3.95% | |
| Cash | 0.87% | |
| Pound Sterling | 0.05% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| North America | 47.31% | - | |
United States
|
- | 47.31% | |
| UK | 27.52% | - | |
United Kingdom
|
- | 27.52% | |
| Developed Europe - Excl UK | 13.25% | - | |
Netherlands
|
- | 8.16% | |
Italy
|
- | 5.09% | |
| Japan | 11.51% | - | |
Japan
|
- | 11.51% | |
| Cash and Equivalents | 0.41% | - | |
Breakdown By Market Cap (%)
| Mega |
|
65.69% |
| Large |
|
10.02% |
| Medium |
|
5.63% |
| Small |
|
1.33% |
| Micro |
|
0.28% |
| Non-Classified |
|
16.62% |
| Cash |
|
0.41% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | NINTENDO CO. | 9.18% | Leisure Goods | Japan |
| 2 | RELX | 8.54% | Software & Computer Services | United Kingdom |
| 3 | LONDON STOCK EXCHANGE GROUP | 7.97% | Finance & Credit Services | United Kingdom |
| 4 | TKO GROUP HOLDINGS INC | 6.80% | Media | United States |
| 5 | ALPHABET | 6.28% | Software & Computer Services | United States |
| 6 | THERMO FISHER SCIENTIFIC | 4.90% | Medical Equipment & Services | United States |
| 7 | WALT DISNEY COMPANY(THE) | 4.89% | Media | United States |
| 8 | DIAGEO | 4.74% | Beverages | United Kingdom |
| 9 | UNIVERSAL MUSIC GROUP N.V. | 4.37% | Media | Netherlands |
| 10 | INTUIT | 4.17% | Software & Computer Services | United States |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | 8.54% | 10.46% | - | - | - | - | - | - | 19.00% |
| Financials | 7.97% | - | - | - | - | - | - | - | 7.97% |
| Consumer Discretionary | 2.23% | 35.66% | - | - | - | - | - | - | 37.90% |
| Consumer Staples | 8.78% | 13.21% | - | - | - | - | - | - | 21.98% |
| Health Care | - | 4.90% | - | - | - | - | - | - | 4.90% |
| Industrials | - | 7.84% | - | - | - | - | - | - | 7.84% |
| Cash and Equivalents | - | - | - | - | - | - | - | 0.41% | 0.41% |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use.
This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | B3NS4D2 |
| Mex Code | 7GGLOE |
| Isin Code | IE00B3NS4D25 |
| Citi Code | NBH5 |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.68% |
Aims and Benchmark
| Aims | The investment objective of the Sub-Fund is to achieve capital and income growth over the long term. |
| Benchmark | MSCI World Index |
| Benchmark Category | Comparator |
| IA Sector | Global |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | OEIC |
| Launch price | £1.00 |
| Fund currency | Pound Sterling |
| Fund domicile | Ireland |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Biannually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 January | 31 January |
| 01 July | 31 July |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | BNY Mellon Asset Servicing |
| Fund Administrator | Waystone Fund Administrators (IE) Limited |
| Fund Registrar | Waystone Fund Administrators (IE) Limited |
| Fund Custodian | Bank of New York Mellon SA/NV |
Group Details
| Group name | Lindsell Train Limited |
| Group address | 2 Queen Anne's Gate Buildings Dartmouth Street London SW1H 9BP |
| Group telephone | 020 7227 8200 |
| Dealing telephone | - |
| info@lindselltrain.com | |
| Homepage | www.lindselltrain.com |
| Fax number | 020 7227 8299 |
Dealing
| Minimum Investment | - |
| Minimum Top Up | - |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 3 days |
| Settlement Period: Sell | 4 days |
| Pricing Basis | Forward |
| Dealing Decimals | 3 |
Important Information
Ongoing charges may vary in the future and may be higher than they are now.
This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your investment can go down as well as up so you might get back less than you put in.
This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
"Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.