Trackers without Excess reportable income

masonic

ColdIron said:

It doesn't show up if you search on the name in the funds centre but if you look at the list of Fidelity funds it's there oddly

https://www.markets.iweb-sharedealing.co.uk/funds-centre/fund-supermarket/detail/GB00BJS8SJ34

They also offer income units: https://www.markets.iweb-sharedealing.co.uk/funds-centre/fund-supermarket/detail/GB00BP8RYB62

talexuser

Brilliant.

I've come across this before where the iWeb search is useless, but they do have the fund. I wonder how much business they may lose because of the search. I can't complain about the charges though.

I did try trawling through the factsheets and kiids but it was hard work finding the tax status. I tried comparisons in Trustnet performance where the drop down list shows which company the fund belongs to, eg Vanguard UK or Vanguard Ireland etc. as a first port of call but Trustnet seems to be slow loading again.

Any more suggestions welcome but the knowledgeable old hands of the forum come to the rescue again (no ageism intended) ;-) 

masonic

talexuser said:

Brilliant.

I've come across this before where the iWeb search is useless, but they do have the fund. I wonder how much business they may lose because of the search. I can't complain about the charges though.

I did try trawling through the factsheets and kiids but it was hard work finding the tax status. I tried comparisons in Trustnet performance where the drop down list shows which company the fund belongs to, eg Vanguard UK or Vanguard Ireland etc. as a first port of call but Trustnet seems to be slow loading again.

Any more suggestions welcome but the knowledgeable old hands of the forum come to the rescue again (no ageism intended) ;-) 

I never use the search (in fact I didn't know it existed until someone else posted a link to it). I just use the dropdowns on the trading page.

It should be very straightforward to tell where a fund is domiciled. Here, for comparison, is an UK domiciled vs Ireland domiciled Vanguard fund (see highlighted text, namely country code at the start of ISIN and Tax section):

https://www.vanguardinvestor.co.uk/rs/gre/gls/1.3.0/documents/906/gb

Also, on the main fund page, "Investment structure: UK OEIC"

https://www.vanguardinvestor.co.uk/rs/gre/gls/1.3.0/documents/6016/gb

Also, on the main fund page, "Investment structure: Irish UCITS"

EdSwippet

talexuser said:

How do you find the definitive answer to domicile of funds?

Simplest is from the first two letters of its ISIN. You're looking for GB if you want to avoid tangling with ERI.

Most UCITS ETFs are domiciled in Ireland (IE) or Luxembourg (LU). UK (GB) domiciled ETFs will be rare to nonexistent; up to a few years ago the UK offered a tax-disincentive to ETFs being formed here. That went away a while ago, but by then all the main ETF providers were already entirely at home in Ireland or Luxembourg, so too little too late for the UK.

Conversely, most OEICs will be UK (GB) domiciled, and these are what you might want to look for. Worthy of consideration are Fidelity class P OEICs, HSBC class C OEICs, most Vanguard OEICs, and some Legal and General funds. The jokers in the pack, of the top of my head, are Vanguard's Emerging Markets, Global Small-cap, and UK govt bond funds; these are Ireland domiciled OEICs.

Some possible candidates: Fidelty GB00BP8RYD86, GB00BP8RYP09, GB00BP8RYR23, GB00BP8RY614, GB00BP8RY838; HSBC GB00B80QG615, GB00B80QG490, GB00B80QGH28, GB00B80QGD89, GB00B80QFX11, GB00B80QFW04, GB00BMJJJF91, GB00B80QGN87, GB00B80QGM70, GB00B80QGT40, GB00B80QGR26; L&G GB00B8344798, GB00B84QXT94; and Vanguard GB00B59G4Q73, GB00B5B74F71, GB00B3X7QG63, GB00BPN5P782, GB00B45Q9038.

DireEmblem

EdSwippet said:

Conversely, most OEICs will be UK (GB) domiciled

There is a significant amount of Irish OEICs, and I suspect that is likely to grow, but I think the term has aged and been replaced by ICVC.

talexuser

Excellent, Thank you everyone. Next job research.

talexuser

			yield %	ocf %	5 year %
HSBC American Index C Inc			1.08	0.06	100.1		GB00B80QG490
Vanguard FTSE North America			1.06	0.1	86.5		IE00BKX55R35
HSBC European Index C Inc			1.84	0.06	56.5		GB00B80QGD89
HSBC Europe Ex-UK Equity C Inc			too new	0.85	too new		GB00BNYFWC75
Vanguard FTSE Dev Eur ex UK			2.24	0.1	38.4		IE00BKX55S42
HSBC Pacific Index C Inc			2.29	0.18	50.9		GB00B80QGR26
HSBC Japan Index C Inc			1.64	0.12	36.7		GB00B80QGM70
Vanguard Japan			1.57	0.15	25.0		IE00B95PGT31

for interest.
Bear in mind these are Income specifically for GIA to simplify dividend tax.
Amazed at the difference in cost of HSBC Europe ex UK compared to Europe, not worth considering?.
Also Pacific worth considering for Japan, depending on your other holdings.

masonic

As you've illustrated in your table, it's a new fund. The fee may drop as assets under management rise. In the mean time it's not one to hold.