Terms of Use

Legal Information

This website is issued by Lindsell Train Limited (“LTL” / “we”/ “us”), authorised and regulated by the Financial Conduct Authority ("FCA") in the United Kingdom with registration number 194229.

When accessing any information or material made available on this website (“site”) you accept and agree to comply with the terms and conditions as set out below.

Information on this site

This site is provided for general information purposes only. It does not constitute a recommendation, offer or solicitation to enter into any contract or agreement to provide any investment services, or to apply for, or buy any investments, securities or funds nor a recommendation regarding the suitability of any LTL funds or services for any particular user. None of the services, investments or funds referred to in this site are available for sale or use in any jurisdiction where such activity is prohibited.


Applications to invest in any fund referred to on this site, must only be made on the basis of the offering documents relating to the specific investment. Whilst some funds we manage may be available to retail investors via third party providers, please note that we do not have permission from the FCA to deal directly with retail clients. If you wish to obtain advice regarding the suitability of these funds for you, you should contact a financial adviser.

The funds described in this site are not available for general distribution to or sale to US investors. The funds will not be registered under the Securities Act of 1933, as amended (the "Securities Act") and the funds will not be registered under the Investment Company Act of 1940 (as defined in Regulation S under the Securities Act) of the United States of America ("USA"). The funds are therefore not available to any US persons or to any other person in the USA, except in a transaction which does not violate the Securities Act, the Investment Company Act or any other applicable US securities laws (including without limitation any applicable law of any of the States of the USA).

Risk Warning

Investors should consider carefully all specific risks of the funds described in this site carefully prior to making an investment. The risks relevant for each fund are described within the applicable fund documentation for each fund. Some general risks to consider include: Past performance of an investment is not a guide to any future performance; the value of investments and any income generated may go down as well as up and is not guaranteed; changes in exchange rates may have an adverse effect on the value, price or income of investments. Please see the relevant fund documentation for full details of applicable risks. 

Nothing in this site constitutes any investment, legal, tax and other advice and it is not to be relied upon in making any investment decision. You should take appropriate professional advice prior to making any investment decision on the basis of the content on this site.

No Warranty

Although we make reasonable efforts to update the content and information on this site, we make no guarantees, warranties or representations (whether express or implied) that the content will be up to date, accurate or complete. 

We do not guarantee that this site, or any content on it, will always be available or be uninterrupted. We may suspend or withdraw or restrict the availability of all or any part of the site and we reserve the right to amend or alter any of the information or contents of this site at any time without notice. No liability is accepted by us for such changes or for the site or any content not being available.

Viruses and Misuse

We do not guarantee that the site will be secure or free from bugs or viruses. You are responsible for configuring the information technology you use to access the site and you should use your own virus protection software.

You must not post or transmit to or from the site anything which is technically harmful (including, without limitation) viruses, Trojan horses, worms, logic bombs or other material that is malicious or technologically harmful. You must not misuse this site (including, without limitation by hacking or a denial-of-service attack).  We will co-operate fully with any law enforcement authorities or court order requesting or directing us to disclose your identity. 

Linked/External Websites

This site may contain links to other websites maintained by third parties. If you use these links you leave this site. These links are provided for your information only and should not be interpreted as LTL’s approval of those linked websites or any resources contained in them. LTL has no control over those third parties, the content of those websites or resources. You use such links at your own risk.


We do not accept any responsibility arising in any way (including by reason of negligence) for errors in, or omissions from, the content or information in this site. 

We do not accept any liability for any loss or damage, however caused, as a result of you relying on any information on the site or if you are unable to access the site.

We are not responsible if the means of communication you use to access the site, to send information to us or to receive information from us does not work properly. The internet is not a totally reliable and secure medium of communication. We accept no liability for the security or confidentiality of information transmitted in this way and any such transmission of information shall be at your own risk.

We do not exclude or limit in any way our liability to you where it would be unlawful to do so.

Privacy and Cookies

All information provided to LTL through this site is used solely by LTL, its affiliates and employees only. By using this website please be aware that information we hold about you may be disclosed to any regulatory authority to which LTL is subject, or to any person legally empowered to require such information. 

When you browse the website we use cookies to allow our site to remember your preferences and whether you accept our terms of use. We do not use cookies that provide information to advertising networks or those who track your activity across multiple sites. 

This website also uses Google Analytics, a web analytics service provided by Google, Inc. (‘Google’). Google Analytics uses cookies (text files placed on your computer) to help the website operators analyse how users use the site. The information generated by the cookie about your use of the website (including your IP address) will be transmitted to and stored by Google on servers in the United States. Google will use this information for the purpose of evaluating your use of the website, compiling reports on website activity for website operators and providing other services relating to website activity and internet usage. Google may also transfer this information to third parties where required to do so by law, or where such third parties process the information on Google's behalf. Google will not associate your IP address with any other data held by Google. By using this website, you consent to the processing of data about you by Google in the manner and for the purposes set out above.

LTL's Privacy Policy and information about LTL's use of data and cookies can be found on LTL's Privacy and Cookie pages. By continuing to use this website you are consenting to the website's use of cookies and you will be deemed to have accepted LTL's Privacy Policy and Cookie Policy.


LTL owns or licenses all of the intellectual property rights in the site, and in the materials published on it. These works are protected by copyright. All such rights are reserved. You may print off one copy, and may download extracts, of any page(s) from our site for your personal use. Under no circumstances should any information be modified, copied, reproduced, or redistributed without our prior written consent. 


These terms, their subject matter and formation (and any non-contractual dispute) are governed by the laws of England. Disputes arising in connection with them shall be subject to the exclusive jurisdiction of the courts of England and Wales.