Lindsell Train Investment Trust

Name
Lindsell Train Investment Trust
Manager
Lindsell Train Ltd
Type
Closed Ended Investment Company
ISIN
GB0031977944
Sector
Global
Launched
22/01/2001
OCF
0.86 %
Risk Rating
5
3 Year Sharpe
1.10
Yield
2.7 %
Benchmark
UK Treasury 3.5% 2068 GBP
Fund Size
£ 249.5 million
NAV
830
Gearing
98
Discount Premium
52
The Investment Policy of the Company is to invest: 1. in a wide range of financial assets including equities, unquoted equities, bonds, funds, cash and other financial investments globally with no limitations on the markets and sectors in which investment may be made, although there may be a bias towards Sterling assets consistent with a Sterling-dominated investment objective. The Directors expect that the flexibility implicit in these powers will assist in the achievement of the absolute returns that the investment objective requires; 2. in Lindsell Train managed fund products, subject to Board approval, up to 25% of its gross assets; 3. in Lindsell Train Limited ("LTL") and to retain a holding, currently 24.23%, in order to benefit from the growth of the business of the Company's Investment Manager.
Holding %
Lindsell Train Limited 46.63 %
Diageo PLC 6.88 %
London Stock Exchange Group PLC 6.43 %
Nintendo Co Ltd 6.04 %
Barr (A G) PLC 5.83 %
Unilever PLC 5.26 %
PayPal Holdings Inc 4.02 %
RELX PLC 3.03 %
Heineken Holding NV 2.99 %
Lindsell Train Japanese Eq B Yen Acc 2.83 %
Region %
United Kingdom 78.26 %
Japan 9.33 %
United States 8.07 %
Sector %
Consumer Defensive 50.48 %
Financial Services 21.59 %
Technology 13.31 %
Consumer Cyclical 13.19 %
Name
Lindsell Train Ltd
Address
SW1E 6AU, London, United Kingdom
UCITS
No
Legal Structure
Closed Ended Investment Company

Managers

Michael Lindsell
Joined 01/22/2001

Michael Lindsell co-founded Lindsell Train Limited in 2000. He is the portfolio manager for Japanese equity portfolios and jointly manages Global portfolios.Before founding Lindsell Train he spent seven years at GT Management, first as CIO.Following the acquisition of GT by Invesco in 1998 he was appointed head of the combined global product team.His previous experience included working at Mercury Asset Management where he was director and head of Japanese fund management,at Scimitar Asset Management where he ran Pacific and Japanese mandates and at Lazard Brothers as an investment manager.

Nick Train
Joined 01/22/2001

Nick Train co-founded Lindsell Train Limited in 2000. He is the portfolio manager for UK equity portfolios and jointly manages Global portfolios. Before founding Lindsell Train he was head of Global Equities at M&G Investment Management, having joined there in 1998 as a director. Previously he spent 17 years (1981 – 1998) at GT Management which he left soon after its acquisition by Invesco. At his resignation he was a director of GT Management (London), Investment Director of GT Unit Managers and Chief Investment Officer for Pan-Europe. Nick has a BA honours degree in Modern History from Queen’s College, Oxford.

Data provided by Morningstar.

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