Lindsell Train on iWeb

Dird

Any idea why they don't like them? £5bn fund excluded
http://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F00000T65V
https://www.markets.iweb-sharedealing.co.uk/funds-centre/fund-supermarket/

Their Twitter account simply says it doesn't meet their "trading criteria" which apparently can't be revealed but at the same time they accept Fundsmith who takes a similar approach

bowlhead99

I think people have been told before that a reason they don't offer it is that it's not a UCITS-qualifying fund. The Fundsmith one you mention is UCITS while the LT Global one isn't.

It's been mentioned on other threads that there are a few types of funds that Halifax / IWeb don't offer which you can find elsewhere. For example, they still don't seem to have any direct property PAIFs, which I assume is because their system is not set up to handle the income properly - so you can only get the Feeder versions which will be a drag if you're using an ISA or SIPP compared to being able to invest in the main fund.


Still, they do carry lots of funds so you might find something alternative to what you were looking for and be happy the platform is cheap compared to some of the percentage-based platforms for large amounts invested.

Alexland

I don't see why you would even want to own LTGE on iWeb when HL discount the OCF from 1.24% or 0.74% (on some platforms) down to the special class D at 0.54%.

masonic

Alexland wrote: »

I don't see why you would even want to own LTGE on iWeb when HL discount the OCF from 1.24% or 0.74% (on some platforms) down to the special class D at 0.54%.

The class D units are still 0.99% when you add on the platform fee. So if you could hold the 0.74% OCF unit class on a platform where there is no additional platform fee, then it wouldn't make sense to hold it at HL.

Alexland

masonic wrote: »

The class D units are still 0.99% when you add on the platform fee. So if you could hold the 0.74% OCF unit class on a platform where there is no additional platform fee, then it wouldn't make sense to hold it at HL.

Yes but knowing Halifax / iWeb they would probably offer the 1.24% version as they never seem to get any discounted OCFs. 0.74% is available on AJ Bell but then you have to add the 0.25% platform charge and you get to the same 0.99% as HL except you would also have to pay £1.50 fund trade costs.

Alex

masonic

Alexland wrote: »

Yes but knowing Halifax / iWeb they would probably offer the 1.24% version as they never seem to get any discounted OCFs. 0.74% is available on AJ Bell but then you have to add the 0.25% platform charge and you get to the same 0.99% as HL except you would also have to pay £1.50 fund trade costs.

I was thinking of II. I agree iWeb is not the place to go if you want to invest in OEICs, I only use it for ITs and ETFs.

Alexland

masonic wrote: »

I was thinking of II. I agree iWeb is not the place to go if you want to invest in OEICs, I only use it for ITs and ETFs.

Halifax or iWeb are fine for the large holdings in passive funds where there is a low OCF anyway so not much to discount in which case go for the lower platform costs.

Alex

tg99

bowlhead99 wrote: »

I think people have been told before that a reason they don't offer it is that it's not a UCITS-qualifying fund. The Fundsmith one you mention is UCITS while the LT Global one isn't.

It's been mentioned on other threads that there are a few types of funds that Halifax / IWeb don't offer which you can find elsewhere. For example, they still don't seem to have any direct property PAIFs, which I assume is because their system is not set up to handle the income properly - so you can only get the Feeder versions which will be a drag if you're using an ISA or SIPP compared to being able to invest in the main fund.


Still, they do carry lots of funds so you might find something alternative to what you were looking for and be happy the platform is cheap compared to some of the percentage-based platforms for large amounts invested.

I noticed that II started offering PAIFs recently around same time as Aegon/Cofunds migration so I was thinking same might happen at iWeb given they use Cofunds too.

masonic

Alexland wrote: »

Halifax or iWeb are fine for the large holdings in passive funds where there is a low OCF anyway so not much to discount in which case go for the lower platform costs.

Passive is generally cheap at places like HL if you make use of ETFs, Charges are capped at £45 per year. If you deal infrequently it's certainly conceivable to keep total plaform costs below £100 per year.

The problem comes when you want to invest in a mixture of, say £100k of OEICs and £100k of ITs/ETFs, where you end up paying ~£500 per year, and my experience is that I could save the odd 0.1% here and 0.05% there on some of the OEICs, but nowhere near enough to reduce that ~£500 to the £90 I'd pay to hold the same portfolio over on II (and effectively I get 10 buys and 1 sell per quarter inclusive of that cost, which is enough for me).

Dird

Alexland wrote: »

I don't see why you would even want to own LTGE on iWeb when HL discount the OCF from 1.24% or 0.74% (on some platforms) down to the special class D at 0.54%.

Every fund I've searched for exists on iWeb with the same OCF as they have on Cavendish except LT. LT isn't actually in my portfolio currently, was just thinking of adding it pre-switch but noticed it was missing from iWeb

SeniorSam

Bothe Lindsell Train Global Equity and UK Equity funds have been performing very well since I bought in in April. Get in on them as soon as you can. I am with HL and there factshet ill show the discount on charges they make.