Overview
Share price and charges
Series
FNAV
24.32% change
-0.94%Management fee
0.57%Operating expenses
0.01%Gross expense ratio
0.58%Net expense ratio
0.58%Fund facts
Fund launch date
July 15, 2009
Fund size
$2,776.1m
Benchmark
MSCI ACWI Index
Current number of holdings
87
Active share
80%**
Annual turnover
23%
Style
Long-term, bottom-up growth
Guideline number of holdings
70-120
** Relative to MSCI ACWI Index.
Source: Baillie Gifford & Co and relevant underlying index provider(s).
Portfolio characteristics
The fund's characteristics compared to the index.
As at 30 November 2024
| Fund | MSCI ACWI Index | |
|---|---|---|
| Market cap (weighted average) | $720.63bn | $970.25bn |
| Price / Book | 5.17 | 3.55 |
| Price / Earnings (12 months forward) | 22.38 | 18.05 |
| Earnings growth (5 year historic) | 14.47% | 8.07% |
| Return on equity (12 months forward) | 22.51% | 19.56% |
| Standard deviation (trailing 3 years) | 16.67% | 12.48% |
| Beta | 1.33 | N/A |
Source: Revolution, MSCI. Canadian dollars.
Index disclaimer
Source: MSCI. The MSCI information may only be used for your internal use, may not be reproduced or redisseminated in any form and may not be used as a basis for or a component of any financial instruments or products or indices. None of the MSCI information is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. The MSCI information is provided on an ‘as is’ basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the ‘MSCI Parties’) expressly disclaims all warranties (including, without limitation, any warranties or originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages (www.msci.com).
Important information
The information provided does not constitute an offer of or solicitation for purchase or sale of securities or provision of any investment services. Baillie Gifford does not currently have any funds that offer securities under a simplified prospectus for general offer or sale within Canada. No securities regulatory authority in Canada has reviewed or in any way passed upon this website or the merits of any investment available, and any representation to the contrary is an offence.
Persons resident or domiciled in Canada should consult with their professional advisers as to whether they require any governmental or other consents in order to enable them to trade.
You can read details of our Legal and Important Information here.
Trade Matching Statement
This Trade-Matching Statement is being provided in accordance with National Instrument 24-101 -"Institutional Trade Matching and Settlement" and Companion Policy 24-101 CP (the "National
Instrument"). It applies to all trades that are subject to the National Instrument. View the whole statement.
Fund portfolio holdings
The list of top 10 holdings that this fund invests in.
As at: 30 November 2024
| # | Holding | % of portfolio |
|---|---|---|
| 1 | Microsoft | 4.04 |
| 2 | Amazon.com | 4.01 |
| 3 | Meta Platforms | 3.85 |
| 4 | NVIDIA | 3.51 |
| 5 | Martin Marietta Materials | 3.35 |
| 6 | Prosus | 2.88 |
| 7 | DoorDash | 2.80 |
| 8 | TSMC | 2.61 |
| 9 | Elevance Health Inc. | 2.45 |
| 10 | Service Corporation International | 2.40 |
Quarterly transactions
Transactions for the three-month period ending 30 September 2024
New purchases
- Builders Firstsource
- Dutch Bros Inc. Cl A
- Nexans
- Norwegian Cruise Line Holdings
- Petrobras Common ADR
- Soitec
Complete sales
- Adobe Systems
- Advanced Micro Devices Inc
- Certara
- HDFC Bank
- Hoshizaki Corp
- Pernod Ricard SA
- Sands China
- SCP Pool Corporation
- Staar Surgical
- Sysmex Corp
- Woodside Energy Group Ltd
Additions
- Adyen NV
- AeroVironment
- Doordash Inc
- Microsoft
- Novo Nordisk
- NVIDIA
- The Trade Desk
Reductions
- Alnylam Pharmaceuticals
- Alphabet Inc Class C
- Reliance Inds. GDR
Insights
Key articles, videos and podcasts relating to the fund:
Filters
Insights
Why the Global Alpha Team has a different view to the market on the future growth of Rakuten.
Richie Vernon, investment specialist for Global Alpha, shares more about why Global Alpha has a different perspective to the market on the future growth of Rakuten.
Global Alpha Q3 investor letter
The Global Alpha Team reflects on recent performance, portfolio changes and market developments
Do elections matter for stock returns?
What the past tells us about a new US president’s impact on growth companies.
Why growth investors can’t ignore China
China’s electric car, battery and other advanced manufacturers are on the rise.
Global Alpha Q3 update
The Global Alpha Team reflects on recent performance, portfolio changes and market developments.
Global Alpha insights: unlocking the magic of Disney
Why the Global Alpha Team believes there is a magical journey ahead for Disney.
Future Stocks: Our best ideas in the US
Ben James explains why DoorDash, The Trade Desk and CoStar stand out as growth stocks.
Eric Beinhocker: evolutionary economist
How successful companies harness the power of adaptation.
Kweichow Moutai: spirit of China
The fiery spirit that’s a profitable symbol of Chinese culture and luxury.
Beyond NVIDIA: investing in semiconductors
Why some of the leading computer chip makers and companies enabling them have room to grow.
Global Alpha Q2 update
The Global Alpha Team reflects on recent performance, portfolio changes and market developments.
Global Alpha Q1 update
The Global Alpha Team reflects on recent performance, portfolio changes and market developments.
Global Alpha Research Agenda
From AI to infrastructure – Global Alpha homes in on the growth areas and companies best placed to exploit opportunities.
Global Alpha: back to growth
The managers tell a London Investment Forum about new sources of opportunity and optimism.
Global Alpha Q4 update
The Global Alpha Team reflects on recent performance, portfolio changes and market developments.
Global Alpha Q3 update
The Global Alpha Team reflects on recent performance, portfolio changes and market developments.
Global Alpha Q2 update
The Global Alpha team reflects on recent performance, portfolio changes, and market developments.
Global Alpha Q1 update
Global Alpha Team reflects on recent performance, portfolio changes, and market developments.
Global Alpha Research Agenda 2023
How can we invest in quality companies with the potential to generate sustainable returns in a changing market?
Digital Disruption and the future
Online infrastructures and digital developments in the education, energy, and transport sectors make for an exciting future.
Global Alpha 2022 Research Agenda
In their Research Agenda for 2022, the investment managers consider the benefits of deep work in helping them find growth opportunities.
Harnessing growth for the next decade
Investment manager Malcolm MacColl and Senior Governance and Sustainability Analyst Kieran Murray outline believed growth drivers and the development of Global Alpha’s ESG process.
Highlights Video: Harnessing growth for the next decade
Watch the highlights from the recent Global Alpha webinar: Harnessing growth for the next decade.
Global Alpha Paris-Aligned
The Global Alpha Paris-Aligned portfolio offers a pathway for clients to align their assets with the objectives of the Paris Agreement. Here, we provide some background to the Paris Accords and outline how we aim to implement its objectives.
The importance of looking forward
This recording has been prepared for professional investors and is not for further distribution. Baillie Gifford takes no responsibility for the reliance on this recording by any other person who did not receive this recording from Baillie Gifford.
Global Alpha research agenda
In this year’s Research Agenda, Global Alpha’s investment managers share their thoughts on how change can help shape the portfolio.
Global Alpha - 10 minutes with Helen Xiong
Ben Drury, client director, talks to Helen Xiong, an investor and soon-to-be key decision-maker for the Global Alpha strategy.
Back to the future
This webinar has been prepared solely for the use of professional investors outside of the Unites States and is not for further distribution. Baillie Gifford takes no responsibility for the reliance on this webinar by any other person who did not receive this webinar from Baillie Gifford.
Why the Global Alpha Team has a different view to the market on the future growth of Rakuten.
Richie Vernon, investment specialist for Global Alpha, shares more about why Global Alpha has a different perspective to the market on the future growth of Rakuten.Global Alpha Q3 investor letter
The Global Alpha Team reflects on recent performance, portfolio changes and market developmentsDo elections matter for stock returns?
What the past tells us about a new US president’s impact on growth companies.Why growth investors can’t ignore China
China’s electric car, battery and other advanced manufacturers are on the rise.Global Alpha Q3 update
The Global Alpha Team reflects on recent performance, portfolio changes and market developments.Global Alpha insights: unlocking the magic of Disney
Why the Global Alpha Team believes there is a magical journey ahead for Disney.Future Stocks: Our best ideas in the US
Ben James explains why DoorDash, The Trade Desk and CoStar stand out as growth stocks.Eric Beinhocker: evolutionary economist
How successful companies harness the power of adaptation.Kweichow Moutai: spirit of China
The fiery spirit that’s a profitable symbol of Chinese culture and luxury.Beyond NVIDIA: investing in semiconductors
Why some of the leading computer chip makers and companies enabling them have room to grow.Global Alpha Q2 update
The Global Alpha Team reflects on recent performance, portfolio changes and market developments.Global Alpha Q1 update
The Global Alpha Team reflects on recent performance, portfolio changes and market developments.Global Alpha Research Agenda
From AI to infrastructure – Global Alpha homes in on the growth areas and companies best placed to exploit opportunities.Global Alpha: back to growth
The managers tell a London Investment Forum about new sources of opportunity and optimism.Global Alpha Q4 update
The Global Alpha Team reflects on recent performance, portfolio changes and market developments.Global Alpha Q3 update
The Global Alpha Team reflects on recent performance, portfolio changes and market developments.Global Alpha Q2 update
The Global Alpha team reflects on recent performance, portfolio changes, and market developments.Global Alpha Q1 update
Global Alpha Team reflects on recent performance, portfolio changes, and market developments.Global Alpha Research Agenda 2023
How can we invest in quality companies with the potential to generate sustainable returns in a changing market?Digital Disruption and the future
Online infrastructures and digital developments in the education, energy, and transport sectors make for an exciting future.Global Alpha 2022 Research Agenda
In their Research Agenda for 2022, the investment managers consider the benefits of deep work in helping them find growth opportunities.Harnessing growth for the next decade
Investment manager Malcolm MacColl and Senior Governance and Sustainability Analyst Kieran Murray outline believed growth drivers and the development of Global Alpha’s ESG process.Highlights Video: Harnessing growth for the next decade
Watch the highlights from the recent Global Alpha webinar: Harnessing growth for the next decade.Global Alpha Paris-Aligned
The Global Alpha Paris-Aligned portfolio offers a pathway for clients to align their assets with the objectives of the Paris Agreement. Here, we provide some background to the Paris Accords and outline how we aim to implement its objectives.The importance of looking forward
This recording has been prepared for professional investors and is not for further distribution. Baillie Gifford takes no responsibility for the reliance on this recording by any other person who did not receive this recording from Baillie Gifford.Global Alpha research agenda
In this year’s Research Agenda, Global Alpha’s investment managers share their thoughts on how change can help shape the portfolio.Global Alpha - 10 minutes with Helen Xiong
Ben Drury, client director, talks to Helen Xiong, an investor and soon-to-be key decision-maker for the Global Alpha strategy.Back to the future
This webinar has been prepared solely for the use of professional investors outside of the Unites States and is not for further distribution. Baillie Gifford takes no responsibility for the reliance on this webinar by any other person who did not receive this webinar from Baillie Gifford.
Tax and distributions
The Fund intends to pay dividends to its unitholders at least annually. Distributions will be automatically reinvested in additional units of the Fund or, if a unitholder requests, paid directly to unitholder.
The distribution date for the Fund shall be the last Valuation Date in each taxation year or such other frequency as may be determined by the Manager. The distribution dates will appear on this page alongside the rates once they become available. For more information on the Funds distributions please see the Offering Memorandum.
Recent distributions
The below table shows the makeup of the most recent distributions paid.
| Series F | Series Z | |
|---|---|---|
| Income dividends | 0.23102 | 0.22299 |
| Capital gain | 0.16491 | 0.15918 |
| Total per share | 0.39593 | 0.38217 |
| Expected date | 29 Dec 2023 | 29 Dec 2023 |
| Pay date | 29 Dec 2023 | 29 Dec 2023 |
| Status | Final | Final |
Source: CIBC Mellon and Baillie Gifford & Co.
Upcoming distributions
Please click here to view estimated capital gain distributions for 2024.
The table below shows the proposed distribution dates for the current tax year. The dates can be changed by the Officers of the Funds.
2024
30 December 2024
31 December 2024
31 December 2024
Source: CIBC Mellon and Baillie Gifford & Co.