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Fund Name(s):
  • Fundsmith Stewardship Fund
Fund Name SRI Style Product Region Asset Type Launch Date
Fundsmith Stewardship Fund Sustainability Tilt OEIC Global Equity 01/11/2017

Fund/Portfolio Size: £178.10m

Total screened & themed / SRI assets: £1122.00

Total Responsible Ownership assets: £32940.00

Total assets under management: £36836.00

As at: 31/12/25

Contact: ir@fundsmith.co.uk

Overview

No response when requested update from manager 

 

Filters

Fund information

Sustainability - General

Encourage more sustainable practices through stewardship

Sustainability theme or focus

Sustainability focus

Sustainability policy

Environmental - General

Favours cleaner, greener companies

Limits exposure to carbon intensive industries

Environmental policy

Climate Change & Energy

Fossil fuel exploration exclusion – indirect involvement

Fossil fuel exploration exclusion - direct involvement

Nuclear exclusion policy

Fossil fuel reserves exclusion

Arctic drilling exclusion

Fracking & tar sands excluded

Coal, oil & / or gas majors excluded

Ethical Values Led Exclusions

Pornography avoidance policy

Gambling avoidance policy

Armaments manufacturers avoided

Tobacco & related product manufacturers excluded

Gilts & Sovereigns

Gilts / government bonds - exclude all

Gilts / government bonds - exclude some

Governance & Management

Encourage higher ESG standards through stewardship activity

Avoids companies with poor governance

UN sanctions exclusion

Governance policy

Product / Service Governance

ESG factors included in Assessment of Value (AoV) report

ESG integration strategy

Asset Size

Invests mostly in large cap companies / assets

Over 50% large cap companies

How The Fund/Portfolio Works

SRI / ESG / Ethical policies explained on website

ESG risk mitigation focus

Significant harm exclusion

Limited / few ethical exclusions

Negative selection bias

Unscreened Assets & Cash

All assets (except cash) meet published sustainability criteria

Intended Clients & Product Options

Available via an ISA (OEIC only)

Intended for clients interested in sustainability

Fund management company information

About The Business

Responsible ownership policy for non SRI / sustainable options (AFM companywide)

Vote all* shares at AGMs / EGMs (AFM companywide)

ESG / SRI engagement (AFM companywide)

Integrates ESG factors into all / most research (AFM companywide)

Diversity, equality & inclusion engagement policy (AFM companywide)

Responsible ownership / stewardship policy or strategy (AFM companywide)

Boutique / specialist fund management company

Collaborations & Affiliations

PRI signatory

Investment Association (IA) member

Resources

Employ specialist ESG / SRI / sustainability researchers

Use specialist ESG / SRI / sustainability research companies

In-house responsible ownership / voting expertise

Accreditations

UK Stewardship Code signatory (AFM companywide)

Engagement Approach

Engaging on climate change issues

Engaging on governance issues

Engaging on responsible supply chain issues

Engaging on labour / employment issues

Company Wide Exclusions

Controversial weapons avoidance policy (AFM companywide)

Transparency

Publish responsible ownership / stewardship report (AFM companywide)

Publish full voting record (AFM companywide)

Full stewardship / responsible ownership policy information on company website

Policy

Process

See SRI / Ethical policy

 

Resources, Affiliations & Corporate Strategies

All of our research is done in-house, and we are signatories of the UN PRI and the UK Stewardship code.

We monitor company news on a daily basis in the morning news, which has pretty detailed coverage of daily news flow. This covers much of the qualitative news. On a monthly basis we look the weighted environmental impact stats and the RepRisk of the portfolio. The RepRisk score, which is a measure of reputational risk from ESG factors, acts as a proxy for absolute impact and covers any news we may have missed.

Tom Boles is Head of Sustainability. The analysts on the Fundsmith Equity Fund and Fundsmith Sustainable Equity Fund are Daniel Washburn, Tom Boles and Frank Diebold who each integrate ESG considerations when analysing a company. As long-term shareholders, we consider this to be an important factor in selecting companies that can sustain a high return on capital.

Julian Robins also does analytic work on the Fundsmith Equity Fund and the Fundsmith Sustainable Equity, while he is also the Head of Research.

Terry Smith is the fund manager and makes all final decisions.

The firm-wide Responsible Investment policy can be reviewed at: https://www.fundsmith.co.uk/docs/default-source/responsible-investment-policy/responsible-investment-policy.pdf

Literature

Disclaimer

An English language prospectus for the Fundsmith Sustainable Equity Fund is available on request and via the Fundsmith website and investors should consult this document before purchasing shares in the fund. Past performance is not necessarily a guide to future performance. The value of investments and the income from them may fall as well as rise and be affected by changes in exchange rates, and you may not get back the amount of your original investment. Fundsmith LLP does not offer investment advice or make any recommendations regarding the suitability of its product. This financial promotion is intended for UK residents only and is communicated by Fundsmith LLP which is authorised and regulated by the Financial Conduct Authority.

Last amended: 19/09/23 01:43

Important information

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04/02/2026