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Lindsell Train Global Equity Funds
? BillT1
Posted: 01 April 2014 18:31:14(UTC)
#1

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Been trying to work out the difference between the class A issue (current price around £1.02) and class D issue (current price around £1.45).

Anyone know please?


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Alan Selwood
Posted: 01 April 2014 21:13:37(UTC)
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According to Hargreaves Lansdown's website, Class D (price 102.38p) has 0.45% annual fund management charge ( = 'clean' fund )
whereas the Class A version (price 145.26p) has an annual charge of 1.15% ( = 'dirty' fund).

It looks to me as if the D fund at the lower price, being a clean fund, must have started its life at 100p more recently than the dirty A fund which is now priced more highly.

5 users thanked Alan Selwood for this post.
? BillT1 on 01/04/2014(UTC), Guest on 02/04/2014(UTC), dlp6666 on 02/04/2014(UTC), LEICESTER VESTOR on 10/12/2014(UTC), bill blayney on 10/12/2014(UTC)
LEICESTER VESTOR
Posted: 10 December 2014 09:54:18(UTC)
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ALAN ,

Forgive me if I am wrong but my understanding is these classifications refer to

their categories of bundlled and unbundlled funds . Their unbundlled funds are the new lower

charge funds where no or minimal loyalty bonus is appreciated/received by the fund holders

alongwith a specially negitiated lower management charge.

Whereas the bundlled funds are the original higher management charge funds attracting higher

loyalty bunuses in their vantage fund services . L.V.

Alan Selwood
Posted: 10 December 2014 10:52:04(UTC)
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I think you and I are saying exactly the same thing, but using different terminology.

I said 'clean' and you said 'unbundled'; I said 'dirty' and you said 'bundled'.

The key factors are currently (when buying/holding through Hargreaves Lansdown):
a) What is the total fee charged to the investor from the 'clean/unbundled' fund holding [made up of manager's fee of say 0.75% plus H/L charge of 0.45%] plus fund manager's other expenses, say 0.08%: Answer 1.28%
b) What is the total fee charged to the investor from the 'dirty/bundled' fund holding [made up of manager's fee of say 1.5% plus H/L charge of 0.45%, less loyalty bonus net of basic rate tax of say 0.5% gross or 0.4% net, plus fund manager's other expenses, say 0.08%] : Answer 1.558% net/1.658% gross.

These figures were based on their charges for Ecclesiastical Amity International Fund Class B and Class A respectively. Other funds may have different figures.
1 user thanked Alan Selwood for this post.
LEICESTER VESTOR on 10/12/2014(UTC)
Derek Woolley
Posted: 12 December 2014 18:08:37(UTC)
#5

Joined: 07/12/2014(UTC)
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I am totally bewildered by these various classes. So far I have been unable to discover, by trying to compare like with like, any set pattern.
My impression is that letters seem to be added almost 'willy nilly'. Surely this cannot be the case.
Is anyone please able to plainly set out the differences between the A's B's 'F's Z's etc. (and also Class 1 etc.) or is this there no 'static' answer?
JonRoc
Posted: 24 May 2018 09:59:43(UTC)
#6

Joined: 24/05/2018(UTC)
Posts: 1

Check out the LT website for their global equity fund information. The different classes of the fund and charges etc are determined by the size of the initial minimum investment in each class, and also the currency used to invest in the fund. I was curious about this issue myself so I checked their website and the criteria for investment in each class of fund is shown.
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