Most fund managers will send you a glossy brochure. At Fundsmith we want you to have an Owner’s Manual. Why? Because your understanding of what we are trying to achieve and how we will approach it is a critical element in enabling us to attain our goal.
Documents
Notices to Shareholders
Please note that as of the 1st March 2021 the structure of the Fundsmith Equity Fund SICAV was changed and we introduced a new fund, the Fundsmith Sustainable Equity Fund SICAV. Other Notices to Shareholders can be found by clicking the links opposite.
Letters to Shareholders
- 2024 FEFS Semi Annual Letter To Shareholders
- 2023 Annual Letter To SICAV Shareholders
- 2023 Semi Annual Letter to SICAV Shareholders
- 2022 Annual Letter To SICAV Shareholders
- 2022 Semi Annual Letter To SICAV Shareholders
- 2021 Annual Letter To SICAV Shareholders
- 2021 Semi Annual Letter To SICAV Shareholders
- 2021 January Notice To SICAV Shareholders
- 2020 March Letter To SICAV Shareholders
- 2020 Annual Letter To SICAV Shareholders
- 2019 February Notice to SICAV Shareholders
- 2019 Annual Letter To Shareholders
- 2018 Annual Letter To Shareholders
- 2017 Annual Letter To Shareholders
- 2016 Annual Letter To Shareholders
Third-party Analysis on Fundsmith
A selection of third-party reports on Fundsmith can be found here.
Annual Reports and Audited Financial Statements
- Unaudited Semi Annual Report For The Period From 1 January 2024 To 30 June 2024
- Annual Report Including Audited Financial Statements As At 31 December 2023
- Unaudited Semi Annual Report For The Period From 1 January 2023 To 30 June 2023
- Annual Report Including Audited Financial Statements As At 31 December 2022
- Unaudited Semi Annual Report For The Period From 1 January 2022 To 30 June 2022
- Annual Report Including Audited Financial Statements As At 31 December 2021
- Unaudited Semi Annual Report For The Period From 1 January 2021 To 30 June 2021
- Annual Report Including Audited Financial Statements As At 31 December 2020
- Unaudited semi-annual report for the period from 1 January 2020 to 30 June 2020
- Annual report including Audited Financial Statements as at 31 December 2019
- Unaudited semi-annual report for the period from 1 January 2019 to 30 June 2019
- Annual Report Including Audited Financial Statements As At 31 December 2018
- Unaudited semi-annual report for the period from 1 January 2018 to 30 June 2018
- Annual report including audited Financial Statements as at 31 December 2017
- Unaudited semi-annual report for the period from 1 January 2017 to 30 June 2017
- Annual report including audited Financial Statements as at 31 December 2016
- Unaudited semi-annual report for the period from 1 January 2016 to 30 June 2016
- Annual report including audited Financial Statements as at 31 December 2015
- Unaudited semi-annual report for the period from 1 January 2015 to 30 June 2015
- Annual report including audited Financial Statements as at 31 December 2014