Overview
The Long Term Global Growth Equity Fund aims to produce capital growth over the very long term by investing primarily in global equities. Performance will be measured against the MSCI ACWI Index.
The team is structured such that every investor can contribute meaningfully to the generation of new ideas, stock research and stock discussions. We want to bring cognitive diversity, creativity and imagination to the research process. Once a stock has been fully researched and discussed, the decision makers are responsible for making the ultimate decision on its inclusion (or otherwise) in the portfolio. Their decisions place an emphasis on backing enthusiasm rather than achieving a full consensus. The portfolio is deliberately concentrated so the bar is high for any stock to be included in the portfolio. Stocks will typically enter the portfolio as small positions. Thereafter, the bias is towards hold discipline and running winners with a belief that asymmetric returns will drive investment performance.
Investment Proposition
The Fund is a purely stock-driven, unconstrained global equity Fund focused on investing in exceptional growth companies from around the world. The approach is committed and expressly long term because we believe that investing in companies with the scope to grow to multiples of their current size over the next decade has the potential to transform the returns achieved for investors over time. Portfolio holding sizes are based purely on our view of the magnitude of the potential upside and our associated level of conviction. The turnover in the portfolio aims to be low, reflecting our long-term perspective and resistance to trading on short-term news flow. We look to embrace volatility that often results from the obsession with managing short-term volatility in the broader market, as it can provide opportunities for us to invest in companies with great longterm growth prospects at opportune prices.
Holdings by sector 11/30/2024Fund %
- 1 Information Technology 32.58
- 2 Consumer Discretionary 26.33
- 3 Communication Services 18.41
- 4 Health Care 9.91
- 5 Financials 5.15
- 6 Consumer Staples 3.33
- 7 Industrials 2.97
- 8 Cash 1.32
- Total 100.00
Total may not sum due to rounding
Holdings by region 11/30/2024Fund %
- 1 North America 59.41
- 2 Emerging Markets 25.07
- 3 Europe (ex UK) 14.21
- 4 Cash 1.32
- Total 100.00
Total may not sum due to rounding
It should not be assumed that recommendations/transactions made in the future will be profitable or will equal performance of the securities mentioned. The composition of the Fund's holdings is subject to change. Percentages are based on securities at market value. Internal classifications are used for any graphs represented above.
There is no guarantee that the investment objective of the Fund will be achieved. Stocks fluctuate in price and the value of your investment in the Fund may go down. This means that you could lose money on your investment in the Fund or the Fund may not perform as well as other possible investments.Insights
TAX & 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.
The below table shows the makeup of the most recent distributions paid.
Fund Name
Income Dividends
Capital Gain
Total Per Share
Ex. Date
Pay Date
Status
Long Term Global Growth Equity Fund Series F 0.06028 0.00000 0.06028 12/29/2023 12/29/2023 Final Long Term Global Growth Equity Fund Series Z 0.06368 0.00000 0.06368 12/29/2023 12/29/2023 Final Source: CIBC Mellon and Baillie Gifford & Co.
Documents
Quarterly investor updates
Index Disclaimer
Source: MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data 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.
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.
