is there anywhere collected already information about distributions on an annual basis for the T class shares. i'm doing my tax returns...

It's on the website or hopefully in the photo below if it will fit. I class cut off!
https://www.fundsmith.co.uk/fund-factsheet

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Tried finding the same for the EUR fund in the past , never did.

On the Euro fun page, the info for UK taxpayers is provided, dates, distributions etc are shown so you can get the info required for CH
https://www.fundsmith.co.uk/global/eu/documents

If it is your Swiss tax return, you may find these here:

https://www.ictax.admin.ch/extern/de.../ratelist/2017

Incidentally, I get a statement from my bank here which contains all the preparation for the tax returns. I simply have to include it with my tax return and transcribe 2 or 3 figures from it.

In the past, that has been accepted by the tax authorities here without amendment. But, I've just has a mail from them regarding the 2016 tax return, amending the values for 2 accumulating funds with what looks like an assumed 2.5% distribution, which makes these look rather expensive now. They quoted valuations from the above web site.

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Yet another question. Has anyone tried to claim the management fees? IIRC, Fundsmith charges about 1% management fees. Arguably, you could deduct 1%... (ditto for OCF)

EDIT: it seems not https://www.steueramt.zh.ch/internet...tB-Nr-30-1.pdf

adding facebook might have not been the best idea after all

It's ~4% of the portfolio, so a 20% price drop has a < 1% performance impact on the fund.

4% is IMHO waaaay to much for a single speculative stock in such a fund.

Nevertheless, the fund performs well, but as said before this is the first pick of Terry that I truly questioned....

Well, FB has no debts and still grows at ~40% per year.
PM instead (also ~4% of the portfolio) has loads of debts and grows little. I am not sure which one is more speculative.

BTW, PM has also dropped by ~30% in the last few months...

It was significantly lower at around $152 & he was not bothered at all, the profits are real & growing at a staggering rate. I don't think he will loose any sleep.

https://finance.yahoo.com/news/share...182600918.html

interestingly, FB drop was apparently the biggest drop in the history of the stock market.

https://www.cnbc.com/2018/07/26/face...hoo&yptr=yahoo

Facebook generated $13.2bn in revenue in one quarter – a 42% increase over the same quarter a year before. Facebook also reported a 31% jump in profits over the same quarter last year. The shares fell 20%, remember in the short term the market is a voting machine in the long term its a weighing machine. If it falls further this could be a once in 5 year opportunity as Apple was when it fell out of favour.

i'm torn on FB, in the long term there's a lot going for it (they have barely started to monetize messenger or IG) but this drop was the drop I was waiting for almost a year ago. i suspect another drop next Q if the slowdown in users/revenue is shown to be real and not just a blip.

This was expected and not why they fell

The long term concerns from their guidance is exactly why they fell

Or the aggressive overmonetization and stagnation in user growth could turn them into another myspace which never recovered when it fell out of favor

Fundsmith has beaten the S&P 500 index by a huge factor on 3 months, 6 months, 1 year, 3 years & 5 Years. I won't be loosing any sleep.

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FYI: Terry Smith launches global smaller companies trust

Could be a good alternative (or complement) to EWI

Thanks for sharing.

I'm glad it's a trust rather than a fund. Much more flexible and potentially cheaper (0.9% total by the look of it). Will keep my eye on it. Bear in mind the premium/discount to NAV factor when looking at closed-end trusts.

There's also Finsbury Growth & Income Trust (FGT.L) which has a similar strategy to Fundsmith Equity and in trust format.

so did anyone here invest in Smithson? What do you think of its current NAV premium?