LF Lindsell Train UK Equity Differences

neildt

I'm looking to get into stocks and shares investments with a Stocks and Shares ISA through Hargreaves Lansdown, and was trying to figure out the difference between the following LF Lindsell Train UK Equity holdings with HL.

You have

LF LINDSELL TRAIN UK EQUITY CLASS D - ACCUMULATION (GBP)

LF LINDSELL TRAIN UK EQUITY CLASS D - INCOME (GBP)

LF LINDSELL TRAIN UK EQUITY INCOME (GBP)

LF LINDSELL TRAIN UK EQUITY ACCUMULATION (GBP)

Obviously you have the difference in either accumulation or income. But for example LF LINDSELL TRAIN UK EQUITY CLASS D - ACCUMULATION (GBP) Net ongoing charge is 0.51% (Historic yield : 2%), where as LF LINDSELL TRAIN UK EQUITY ACCUMULATION (GBP) Net ongoing charge is 0.70% (Historic yield : 1.90%)

Can anyone advise ?

Prism

Go for the lowest charge. Many funds have discounted version available only on some platforms. When available its the best option.

Linton

The funds are identical. The fund manager may then apply different charges to different customers - eg someone buying the funds directly creates more costs for the fund manager than someone buying through a platform. On the other hand a bulk or marketing discount could be given to particular platforms. These differences are reflected in "classes".

dunstonh

You have listed the old retail class (which is no longer available in most cases - but can in some) and the unbundled share class which is the type used since 2013.

You should pick unbundled. Its possible that you wont be allowed to buy the bundled share class.