Global Discovery Fund

Global Discovery Fund

The Global Discovery Fund aims to achieve above average total returns, mainly through capital growth, over the long term.

The Fund's share price can be volatile due to movements in the prices of the underlying holdings and the basis on which the Fund is priced.

  • Key Facts
    • Fund Manager

      Douglas Brodie

      Douglas graduated BSc in Molecular Biology & Biochemistry from Durham University in 1997 and with a DPhil in Molecular Immunology from the University of Oxford in 2001. He joined Baillie Gifford in 2001 and is Head of the Global Discovery Team. Douglas is a CFA charterholder.

      Launch Date

      29 October 1993 (formerly European Smaller Companies fund pre 1 May 2011)

      Comparative Index

      S&P Global Small Cap Index

      IMA Sector

      Global

      XD Date

      Last day of April each year

      Distribution

      Last day of June each year

      Pricing

      Valuation point 10am daily, swinging single price

       FE Five Crown Rating

      FE Crown Rating

      Please bear in mind that past performance is not a guide to future performance.

  • Investment Choice and Charges
    • Share Class

      ISIN Number

      SEDOL Number

      Min. Investment

      Min. Top Up

      Ongoing Charges*

      Initial Charge

      Annual Charge

      A Acc

      GB0006059116

      0605911

      £1,000

      £100

      1.59%

      5.0%

      1.50%

      B Inc

      GB0006059223

      0605922

      £10,000

      no minimum

      0.78%

      1.0%

      0.75%**

      B Acc

      GB0006059330

      0605933

      £10,000

      no minimum

      0.84%

      1.0%

      0.75%**

      * Annual figures as at 30/04/14

      ** Class B Annual Charge increased from 0.65% to 0.75% on 1 August 2013

      A further explanation of all the charges and costs relating to this Fund can be found in the Enhanced Disclosure of Fund Charges and Costs document.

  • Risk Factors
    • General Investment Risk

      The value of your investment and any income from it is not guaranteed and may go down as well as up. On sale, you may not get back what you originally invested, even if the share price has risen, because of the effect of the initial charge. You should regard your investment as long term.


      Custody

      There is a risk that the Fund's assets are lost, and that access to them is compromised, as a result of insolvency, negligence, misuse of assets, fraud, poor administration or poor record keeping by the Custodian. This risk is greater in emerging markets and is borne by the Fund.


      Smaller Immature Companies

      Investment in smaller, immature companies is generally considered higher risk given their less developed business models and less established positions. Changes in their share prices may be greater than those of larger, more established companies and the shares may be harder to sell. In addition, immature companies may not do as well in periods of adverse economic conditions.


      Emerging Markets

      The Fund invests in emerging markets where difficulties in dealing, settlement and custody could arise, resulting in a negative impact on the value of your investment.


      Currency

      Where the Fund invests in overseas assets that are priced in foreign currencies, changes in the rates of exchange may cause the value of your shares to go down.


      Dilution

      A dilution adjustment may apply when you buy or sell shares in the Fund. This is applied to the share price and may reduce the return on your investment.


      Fees from Revenue

      Where possible, all charges are taken from the Fund's revenue.  Where there is insufficient revenue, the remainder will be taken from capital.  This will reduce the capital value of your investment.


      Liquidity

      Market values for securities which have become difficult to trade may not be readily available, and there can be no assurance that any value assigned to them will reflect the price the Fund might receive upon their sale.


      Tax Rates

      Tax rates and the tax treatment of OEICs can change at any time.


      In Specie Transfer

      We may, at our discretion, for example if you sell a significant value of shares or in difficult market conditions, notify our decision to transfer a proportionate share of the assets of the Fund to you instead of paying cash. The assets will be valued at the valuation point following your instruction to sell however this value may differ at the time you receive or dispose of the assets.

  • Literature
  • How to Invest
    • Further information on the Fund can be found in the relevant Prospectus, which is available in English and will be sent to you free of charge on request.

      Post

      You can invest in the Global Discovery Fund by completing and returning an application form.  All the information needed to invest can be found in the relevant Key Investor Information Document, which can be requested from the Literature section above. Please read this document carefully before making any decision to invest so that you understand what you are buying, and then keep it safe for future reference.


      Direct

      You can invest directly with us.  Contact our Client Relations team for more information:

      Telephone : 0800 917 2113*

      Fax : 0131 275 3954

      Email : trustenquiries@bailliegifford.com

      *Your calls may be recorded for training and monitoring purposes 


      Fund Platform / Supermarket

      You can invest via a number of fund platforms / supermarkets. Baillie Gifford has a host of OEIC sub-funds on many of the market leading platforms

      View the full list