Fundsmith Emerging Equities Trust plc (FEET) 2020年年度报告「LSE」.pdf

1、Fundsmith Emerging Equities Trust plc Annual Report for the year ended 31 December 2020 A member of the Association of Investment Companies Perivan 260382Fundsmith Emer ging Equities Tr ust plc 33 Cavendish Squar e,London W1G 0PW www.feetplc.co.ukc l pt sur Tse i t i uqg Engiremh EitmsdnuFAnnual Rep

2、ortfor the year ended 31 December 20201Fu n ds mi t h Emer g i n g Eq u i t i es Tr u s t p l c An n u al Rep o r t f o r t h e year en ded 31 December 2020Co n t en t s1 Strategic Report 2Co mp an y Su mmar y 3Fi n an ci al Hi g h l i g h t s 5Ch ai r man s St at emen t 9In ves t men t Obj ect i ve

3、 an d Po l i cy 10In ves t men t Po r t f o l i o 12In ves t men t Man ag er s Revi ew 27In ves t men t Ph i l o s o p h y 30Bu s i n es s Revi ew2 Governance 36Bo ar d o f Di r ect o r s 38Co r p o r at e Go ver n an ce Rep o r t 47Rep o r t o f t h e Di r ect o r s 51St at emen t o f Di r ect o r

4、s Res p o n s i bi l i t i es 52Au di t Co mmi t t ee Rep o r t 56Di r ect o r s Remu n er at i o n Rep o r t 58Di r ect o r s Remu n er at i o n Po l i cy Rep o r t3 Financial Statements 59In dep en den t Au di t o r s Rep o r t 67St at emen t o f Co mp r eh en s i ve In co me 68St at emen t o f Fi

5、 n an ci al Po s i t i o n 69St at emen t o f Ch an g es i n Eq u i t y 70St at emen t o f Cas h Fl o ws 71No t es t o t h e Fi n an ci al St at emen t s4 Further Information 88Sh ar eh o l der In f o r mat i o n 89Al t er n at i ve In ves t men t Fu n d Man ag er s Di r ect i ve Di s cl o s u r es

6、92Gl o s s ar y o f Ter ms 95Ho w t o In ves t 97No t i ce o f An n u al Gen er al Meet i n g 103Exp l an at o r y No t es t o t h e Res o l u t i o n s 106Co mp an y In f o r mat i o n 108Ap p en di xC ompany Summary Th e C ompany Th e C ompany i s an i nvestment trust and i ts sh ares are li sted