Why do you need an owner's manual?

Most fund managers will send you a glossy brochure. Fundsmith, as managers of the Smithson Investment Trust, want you to have an Owner’s Manual. Why? Because your understanding of what we are trying to achieve and how we will approach it is a critical element in enabling us to attain our goal.


The prospectus has been prepared in accordance with the Prospectus Rules of the Financial Conduct Authority (FCA) made pursuant to section 73A of FSMA. The prospectus has been approved by the FCA and has been filed with the FCA in accordance with Rule 3.2 of the Prospectus Rules.  It contains important information and should be read as a whole by any investor considering an investment in the Smithson Investment Trust plc. The Company consents to the use of the Prospectus (on the terms described in the Prospectus) by the following Intermediaries in connection with any subsequent resale or final placement of ordinary shares by Intermediaries in the UK:
·         AJ Bell Securities Limited
·         Albert E Sharp LLP
·         Alliance Trust Savings Limited
·         Barclays Bank plc
·         Hargreave Hale Ltd
·         Hargreaves Lansdown Asset Management Limited
·         iDealing.com Limited
·         Interactive Investor Services Limited
·         Shore Capital Stockbrokers Limited
·        SVS Securities plc
·        The Share Centre




This document provides you with key investor information about this fund. This is not marketing material. The information is required by law to help you understand the nature and risks of investing in this fund. You are advised to read this document so you can make an informed decision about whether to invest. If you are unsure about the suitability of this fund, please consult a financial adviser.