Overview
Share price and charges
Series
ZNAV
14.54% change
0.07%Operating expenses
0.20%Gross expense ratio
0.20%Net expense ratio
0.15%Fund facts
Fund launch date
March 27, 2018
Fund size
$84.7m
Benchmark
MSCI ACWI ex US Index
Current number of holdings
30
Active share
91%**
Annual turnover
18%
Style
Growth
Guideline number of holdings
20-35
** Relative to MSCI ACWI ex US Index.
Source: Baillie Gifford & Co and relevant underlying index provider(s).
Portfolio characteristics
The fund's characteristics compared to the index.
As at 31 October 2024
| Fund | MSCI ACWI ex US Index | |
|---|---|---|
| Market cap (weighted average) | $520.21bn | $152.32bn |
| Price / Book | 7.58 | 1.96 |
| Price / Earnings (12 months forward) | 29.07 | 13.24 |
| Earnings growth (5 year historic) | 22.42% | 5.96% |
| Return on equity (12 months forward) | 19.88% | 14.71% |
| Standard deviation (trailing 3 years) | 26.16% | 12.10% |
| Beta | 1.76 | 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: 31 October 2024
| # | Holding | % of portfolio |
|---|---|---|
| 1 | MercadoLibre | 13.83 |
| 2 | Spotify | 9.34 |
| 3 | Ferrari | 7.28 |
| 4 | NVIDIA | 6.68 |
| 5 | Adyen | 6.38 |
| 6 | ASML | 5.98 |
| 7 | Meituan | 5.39 |
| 8 | TSMC | 5.19 |
| 9 | Delivery Hero | 4.00 |
| 10 | Coupang | 3.55 |
Quarterly transactions
Transactions for the three-month period ending 30 September 2024
New purchases
- Nu Holdings Ltd.
- Sea Ltd ADR
Complete sales
- Genmab
- Zalando SE
Additions
- Adyen NV
- BYD Company 'H'
- PDD Holdings Inc
- TSMC
Reductions
- ASML
- NVIDIA
Insights
Key articles, videos and podcasts relating to the fund:
International Concentrated Growth Q3 investor letter
The International Concentrated Growth Team reflects on recent performance, portfolio changes and market developments
International Concentrated Growth Q3 update
The International Concentrated Growth Team reflects on recent performance, portfolio changes and market developments.
International Concentrated Growth Q2 update
The International Concentrated Growth Team reflects on recent performance, portfolio changes and market developments.
International Concentrated Growth Q1 update
The International Concentrated Growth Team reflects on recent performance, portfolio changes and market developments.
International Concentrated Growth Q4 update
The International Concentrated Growth Team reflects on recent performance, portfolio changes and market developments.
International Concentrated Growth Q3 update
The International Concentrated Growth Team reflects on recent performance, portfolio changes and market developments.
International Concentrated Growth Q2 update
The International Concentrated Growth team reflects on recent performance, portfolio changes, and market developments.
International Concentrated Growth Q1 update
International Concentrated Growth Team reflects on recent performance, portfolio changes, and market developments.
Modern-day Explorers.
Our international investors are explorers: which of the disruptors and innovators will deliver?
The pursuit of extreme returns
The story of investing is really the story of the big winners, those exceptional companies that reshape our world and in the process reap the rewards. Lawrence Burns sets out how a long-term and patient approach to investment is necessary to identify those truly great companies that could drive extreme returns.
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 | 0.00000 | 0.05575 |
| Capital gain | 0.00000 | 0.00000 |
| Total per share | 0.00000 | 0.05575 |
| 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
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.