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| Type | Detail |
|---|---|
|
NAV
$9.91
|
|
|
NAV Change ($)
$+0.04
|
|
|
Market Price
$9.93
|
|
| 0.20% | |
| 30-Day Median Bid-Ask Spread as of May 26, 2026 | 0.52% |
|
Net Assets
$7,931,651
|
|
|
No. Shares Outstanding
800,002
|
|
| 52-Week High Market Price Jan 12, 2026 | $10.24 |
| 52-Week Low Market Price Mar 29, 2026 | $8.72 |
|
YTD Return
-0.20%
|
|
|
Daily Return
0.41%
|
|
|
Current No. of Holdings
23
|
|
| Ticker | ETFT |
|---|---|
| CUSIP | 02110A431 |
| ISIN | US02110A4316 |
| Fund Type | Exchange-Traded Fund |
| Inception Date | 1st December 2025 |
| Primary Exchange | NYSE |
| Management Style | Active |
| Expense Ratio | 1.00% |
| Typical No. of Holdings | 20-30 |
| Benchmark | MSCI World Index, $ Net |
| Management Fees | 1.00% |
| Total Operating Expenses | 1.00% |
| As at Apr 30, 2026, by Country of Listing | % |
|---|---|
| US | 67.0 |
| France | 7.9 |
| UK | 4.6 |
| Netherlands | 3.8 |
| Spain | 3.8 |
| Sweden | 3.6 |
| Denmark | 2.5 |
| Cash | 6.9 |
| As at Apr 30, 2026, GICS® Categories | % |
|---|---|
| Information Technology | 28.1 |
| Health Care | 17.4 |
| Consumer Discretionary | 14.4 |
| Consumer Staples | 13.0 |
| Industrials | 10.0 |
| Communication Services | 7.1 |
| Financials | 3.1 |
| Cash | 6.9 |
The Fundsmith Equity ETF seeks long-term growth in value by investing in a concentrated portfolio of high-quality companies listed on developed global equity markets.
The investment approach is patient and long term, focusing on a limited number of businesses that demonstrate durable competitive advantages, strong cash flow generation, and a high standard of overall business quality.
The Fund is based on the Fundsmith Equity Strategy, which was launched in 2010 under the direction of Terry Smith (CIO), a well-recognized investor in the UK with over 40 years of investment experience. He is assisted by a highly experienced investment team that has worked together for many years, with minimal turnover.
Portfolio construction reflects a disciplined, high-conviction approach, with an emphasis on long-term ownership rather than short-term trading. Holdings are selected using a consistent investment process, with the aim of allowing underlying businesses time to compound value over full market cycles.
| Apr 2026 | 2026 to 4.30.26 |
2025* | Inception to 4.30.26 |
Inception to Q1 26 |
|
|---|---|---|---|---|---|
| Fundsmith NAV1 | 8.62 | -2.32 | -0.40 | -2.71 | -10.43 |
| Fundsmith Market Price | 8.36 | -2.41 | -0.10 | -2.51 | -10.03 |
| Equities2 | 9.59 | 5.68 | 1.26 | 7.01 | -2.35 |
| US Bonds3 | -0.11 | -0.39 | -0.07 | -0.46 | -0.35 |
| Cash4 | 0.30 | 1.21 | 0.31 | 1.52 | 1.22 |
The Fund is not managed with reference to any benchmark, the above comparators are provided for information purposes only. 1Source: Bloomberg. Starting NAV $9.97. 2MSCI World Index, $ Net, source: www.msci.com. 3Bloomberg Series-E US Govt. 7-10 year Bond Index, source: Bloomberg. 4US$ Interest Rate, source: Bloomberg. Indexes are unmanaged and do not reflect the deduction of fees or expenses. *From 12.01.25
Performance shown for less than one year is not annualized. Performance data quoted represents past performance. Past performance is no guarantee of future results so that shares, when redeemed, may be worth more or less than their original cost. The investment return and principal value will fluctuate. Current performance may be higher or lower than the performance quoted. Performance includes reinvested distributions and capital gains. Performance data current to the most recent month-end is available at www.fundsmithetf.us.
Market Price is based on the midpoint of the bid/ask spread at 4 p.m. ET and does not represent the returns an investor would receive if shares were traded at other times. Fund inception date: 1st December 2025.
The MSCI World Index captures large and mid-cap representation across 23 Developed Markets (DM) countries. The index covers approximately 85% of the free float-adjusted market capitalization in each country. One may not invest directly in an index.
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Market Price is based on the midpoint of the bid/ask spread at 4 p.m. ET and does not represent the returns an investor would receive if shares were traded at other times.
Fund inception date: 1st December 2025
Terry Smith graduated in History from University College Cardiff in 1974. He worked for Barclays Bank from 1974-83 and became an Associate of the Chartered Institute of Bankers in 1976. He obtained an MBA at The Management College, Henley in 1979. He became a stockbroker with W Greenwell & Co in 1984 and later joined Barclays de Zoete Wedd, holding the position of the top-rated bank analyst in London from 1984-89. In 1990 he became head of UK Company Research at UBS Phillips & Drew, a position from which he was dismissed in 1992 following the publication of his best selling book Accounting for Growth. He joined Collins Stewart shortly after, and became a director in 1996. In 2000 he became Chief Executive and led the management buy-out of Collins Stewart, which was floated on the London Stock Exchange five months later. In 2003 Collins Stewart acquired Tullett Liberty and followed this in 2004 with the acquisition of Prebon Group, creating the world's second largest inter-dealer broker. Collins Stewart and Tullett Prebon were demerged in 2006 with Terry remaining CEO of Tullett Prebon until September 2014. In 2010 he founded Fundsmith where he is CEO and CIO. In 2012 he was appointed a Member of the New Zealand Order of Merit for services to New Zealand-UK relations following the success of his campaign to commemorate the New Zealander, Air Marshal Sir Keith Park.
Julian Robins started his career with the stockbroking firm EB Savory Milln in 1984, joining the financials research team as an analyst to cover UK clearing and merchant banks and other financial services stocks. In 1987, he joined Barclays de Zoete Wedd (BZW) – where he first worked with Terry Smith – and after its takeover of BZW’s equity business in 1998, CSFB. Between 1988 and 1993, he was BZW’s senior bank analyst in London and from 1993 until 1999, he worked as an institutional salesman in New York. Julian then went to work with Terry at Collins Stewart and was one of the founders of its US office. During his decade with the firm, Julian focused on institutional sales, covering US institutions and also spent two years as co-head of the New York office, which included regulatory responsibilities. Julian co-founded Fundsmith in 2010 and is Partner and Head of Research. He has a 1st class degree in Modern History from Christ Church, Oxford. Julian is a two time Ironman finisher, Oxford University snooker champion, spent two years in the Honourable Artillery Company (UK Territorial Army) and supports a number of charitable organisations.
In this season 6 episode of First Look ETF, Stephanie Stanton @etfguide examines the latest ETF marketplace trends with NYSE and guests.
Julian Robbins, Head of Research, is interviewed beginning at 5:19 to discuss the investment philosophy behind the Fundsmith Equity ETF (NYSE: ETFT), including portfolio construction, sector exposures, and our long-term approach to investing in high-quality global businesses.
MSCI World Index is the exclusive property of MSCI Inc. (“MSCI”). MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or final products. This factsheet is not approved, reviewed or produced by MSCI. The Global Industry Classification Standard (“GICS”) was developed by and is the exclusive property of MSCI and Standard & Poor’s and “GICS®” is a service mark of MSCI and Standard & Poor's.
