1. Scottish Mortgage Investment Trust

  2. Overview

    Scottish Mortgage aims to generate long-term returns for shareholders. We do this by aiming to identify, own and support the world's most exceptional growth companies, whether public or private, at a competitive fee for shareholders. 

    We look to add value over five year time frames, preferably much longer. We don't see that we can add much more than anyone else in the short term.

    Performance & Portfolio

    Periodic Performance

    All figures to 31/10/2024

    1 Year

    3 Years

    5 Years

    10 Years
    Share Price 35.7%-41.4%75.5%280.4%
    NAV 26.7%-30.9%94.9%341.2%
    Benchmark* 25.6%27.0%73.7%210.9%

    Performance figures appear in GBP. NAV is calculated with borrowings deducted at fair value for 1, 3 and 5 years and par value for 10 years. *FTSE All World Index(GBP) TR. Performance source: Morningstar and relevant underlying indexprovider, total return.


    Discrete Performance

    Annual Performance to 30 September each year

    30/09/2019
    30/09/2020

    30/09/2020
    30/09/2021

    30/09/2021
    30/09/2022

    30/09/2022
    30/09/2023

    30/09/2023
    30/09/2024
    Share Price 97.8%44.5%-45.0%-13.9%25.6%
    NAV 93.7%39.4%-36.3%-5.9%16.8%
    Benchmark* 5.7%22.7%-3.6%11.1%20.2%

    Performance figures appear in GBP. NAV is calculated with borrowings deducted at fair value for 1, 3 and 5 years and par value for 10 years. *FTSE All World Index(GBP) TR. Performance source: Morningstar and relevant underlying index provider, total return.

    Performance - 31/10/2024

    Performance figures appear in GBP. Benchmark data is limited to a 5 year period from the current date. The graph has been rebased to 100.

    Holdings - 31/10/2024

    Fund %
    1 MercadoLibre 6.4%
    2 Amazon.com 6.0%
    3 Space Exploration Technologies 4.8%
    4 NVIDIA 4.4%
    5 Meituan 4.2%
    6 Tesla Inc 4.1%
    7 Meta Platforms 3.8%
    8 Ferrari 3.6%
    9 PDD Holdings 3.3%
    10 ASML 3.2%
    Total 43.8%

    As the Trust invests in overseas securities, changes in the rates of exchange may also cause the value of your investment (and any income it may pay) to go down or up.
    The information contained on this page is intended as a guide only and should not be relied upon when making investment decisions. All holdings information is unaudited. Source Baillie Gifford & Co.
    Please note that totals may not add due to rounding.

    Full Portfolio Valuation
    Active Share - 31/10/2024

    Source: Baillie Gifford & Co, FTSE. Relative to FTSE All-World Index.

    Meet the Managers

    Tom Slater - Manager

    Tom joined Baillie Gifford in 2000 and became a Partner of the firm in 2012. After serving as Deputy Manager for five years, Tom was appointed Joint Manager of Scottish Mortgage Investment Trust in 2015. During his time at Baillie Gifford he has worked in the Developed Asia, UK Equity and Long Term Global Growth teams. Tom’s investment interest is focused on high growth companies both in listed equity markets and as an investor in private companies. He graduated BSc in Computer Science with Mathematics from the University of Edinburgh in 2000.

    Lawrence Burns - Deputy Manager

    Lawrence has been a member of the International Growth Portfolio Construction Group since 2012 and in 2020 became a manager of Vanguard’s International Growth Fund. Lawrence is co-manager of the International Concentrated Growth and Global Outliers strategies. He joined Baillie Gifford in 2009 and became a partner in 2020. He has been deputy manager of Scottish Mortgage since 2021. He has also worked in the Emerging Markets and UK Equity teams. Lawrence graduated BA in Geography from the University of Cambridge in 2009.

    Disclaimers

    FTSE Disclaimer

    Source: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2024. FTSE Russell is a trading name of certain of the LSE Group companies. “FTSE®" and “Russell®” are trade marks of the relevant LSE Group companies and are used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.

    Important Information

    Baillie Gifford Overseas Limited (ARBN 118 567 178) is registered as a foreign company under the Corporations Act 2001 (Cth) and holds Foreign Australian Financial Services Licence No 528911. The information in this area is provided to you on the basis that you are a “wholesale client” within the meaning of section 761G of the Corporations Act 2001 (Cth) (“Corporations Act”). Please advise Baillie Gifford Overseas Limited immediately if you are not a wholesale client. In no circumstances should the information in this area be made available to “retail clients” as defined by the Corporations Act.

    The information in this area contains general information only. It does not take into account any person’s objectives, financial situation or needs.