harryhoudini wrote:Bhoddhisatva wrote:Guys - anyone know or understand what the difference is between Fundsmith T, R and I funds????
Unless I'm going blind I can't see this explained anywhere on their web site!
The "R" is for retail investors- Joe Public
The "I" is for institutional investors- pension funds, insurance cos. and the like.
The "T" has me stumped, I would hazard a guess that is for platforms like Hargreaves Lansdown.
I own the I class, via ATS, and I'm not an institutional investor, pension fund, insurance co. or the like.
(The I Acc class has a great fund symbol: FUQUIT
)
Of the brokers I use, ATS offers only the I class (as does HL it seems), Interactive Investor offers the I & T classes, and IWeb offers all three.
As already noted, the T class (OCF 1.05%) is what you get if you buy from Fundsmith directly. Given that brokers seem to offer the I class (OCF 0.95%) the question should be, what's the point of the R class (OCF 1.55%)?