Share Class T, R, I ? Help please

On the Iweb site there are 3 different Fundsmith Equity Acc units offered, T, R, and I.

Which one should I be buying ? Google hasn't helped much and a guy on the phone at Iweb said that the different classes had different OCFs and, ….different portfolio weightings - I wasn't convinced on that.

Mike

Comments

  • Aidanmc
    Aidanmc Posts: 1,237 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    The weightings seem the same though! I would be going with the cheapest one as i believe its the same fund overall just different classes.
    Hopefully someone can provide a more detailed answer as i'm interested in this also!
  • masonic
    masonic Posts: 26,668 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    They will be identical in all respects other than their charging structure, minimum investment and/or availability on your chosen platform. Go for the lowest OCF version you can buy.
  • ColdIron
    ColdIron Posts: 9,739 Forumite
    Part of the Furniture 1,000 Posts Hung up my suit! Name Dropper
    The only difference is the charging structure
    • The I class will usually be the one offered on platforms, the OCF is 0.95% plus whatever charge your platform levies
    • The T class is the one offered by Fundsmith direct, the OCF is 1.05% all in (no additional platform fee)
    • The R class is the old 'dirty' class and no one should now be buying this with an OCF of 1.55%
    You want the I class

    See the 'All Units' tab
    https://www.trustnet.com/factsheets/o/lsx1/fundsmith-equity-r-inc
  • 0779mike
    0779mike Posts: 71 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    I am on the Iweb Dealing screen looking to buy Fundsmith LLP. I want income reinvested.

    I can see "EQUITY I INC NAV" but I can't see "EQUITY I ACC NAV".

    Where am I going wrong ?
  • Aidanmc
    Aidanmc Posts: 1,237 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    0779mike wrote: »
    I am on the Iweb Dealing screen looking to buy Fundsmith LLP. I want income reinvested.

    I can see "EQUITY I INC NAV" but I can't see "EQUITY I ACC NAV".

    Where am I going wrong ?


    https://www.markets.iweb-sharedealing.co.uk/funds-centre/fund-supermarket/detail/GB00B41YBW71
  • ColdIron
    ColdIron Posts: 9,739 Forumite
    Part of the Furniture 1,000 Posts Hung up my suit! Name Dropper
    0779mike wrote: »
    I am on the Iweb Dealing screen looking to buy Fundsmith LLP. I want income reinvested.

    I can see "EQUITY I INC NAV" but I can't see "EQUITY I ACC NAV".

    Where am I going wrong ?
    From the fund dropdown choose:
    EQUITY I INSTL ACC NAV
    If you press Verify it should show you the MEXID: FUQUIT
  • eskbanker
    eskbanker Posts: 36,747 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ColdIron wrote: »
    From the fund dropdown choose:
    EQUITY I INSTL ACC NAV
    If you press Verify it should show you the MEXID: FUQUIT
    Is this to emulate the cries of frustration from those unable to navigate the IWeb user interface? ;)
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