Fundsmith Emerging Equities Trust plc (FEET) 2017年年度报告「LSE」.pdf

1、Fundsmith Emerging Equities Trust plc Annual Report for the year ended 31 December 2017A member of the Association of Investment CompaniesPerivan Financial Print 248080Fundsmith Emerging Equities Trust plc33 Cavendish Square,London W1G 0PWwww.feetplc.co.ukAnnual ReportFundsmith Emerging Equities Tru

2、st plcunnAope Ralut romunnAfor the year ended 31 December 2017sdnuFqope Ralufor the year ended 31 December 2017g Engiremh Et ict rofor the year ended 31 December 2017lt psurs Te i t i u248080 Fr ost r ow FEET Cover 6mm spine 08/03/2018 18:57 Page 11Strategic Report3Company Summary 4Financial Highlig

3、hts5Chairmans Statement8Investment Objective and Policy9Investment Portfolio12Investment Managers Review21Investment Philosophy24Business Review2Governance30Board of Directors32Corporate Governance Report37Report of the Directors41Statement of DirectorsResponsibilities42Audit Committee Report45Direc

4、tors Remuneration Report47Directors RemunerationPolicy Report3Financial Statements48Independent Auditors Report56Income Statement57Statement of Financial Position58Statement of Changes in Equity59Statement of Cash Flows 60Notes to the Financial Statements4Further Information75Shareholder Information

5、76Alternative Investment FundManagers Directive Disclosures79Glossary of Terms81How to Invest83Notice of Annual General Meeting89Explanatory Notesto the Resolutions92Company InformationContentsFundsmith Emerging Equities Trust plc Annual Report for the year ended 31 December 20171248080 Fr ost r ow

6、FEET pp01 08/03/2018 19:54 Page 12Fundsmith Emerging Equities Trust plc Annual Report for the year ended 31 December 2017Company SummaryStrategic ReportFundsmith Emerging Equities Trust plc(“FEET”orthe“Company”)aims to provide shareholderswith an attractive return by investing in a portfolioof share