Overview
The UK Equity Core Fund aims to outperform (after deduction of costs) the FTSE All-Share Index by at least 1% per annum over rolling five-year periods. There is no guarantee that this objective will be achieved over any time period and actual investment returns may differ from this objective, particularly over shorter time periods.
The manager believes this is an appropriate benchmark given the investment policy of the Fund and the approach taken by the manager when investing. In addition, the manager believes an appropriate performance comparison for this Fund is the Investment Association UK All Companies Sector.
Performance & Portfolio
Periodic Performance
All figures to 31/10/2024 6 Months
1 Year
3 Years
5 Years
Class B-Acc 6.8% 20.5% 1.0% 3.9% Index* 1.8% 16.3% 6.2% 5.7% Target Benchmark** 2.3% 17.5% 7.2% 6.8% Figures for 3 and 5 years are shown as the annualised rate of return. This is the average yearly return over the specified period.
Annual Discrete Performance to 30 September each year
Annual percentage return (Updated Quarterly) 30/09/2019
30/09/202030/09/2020
30/09/202130/09/2021
30/09/202230/09/2022
30/09/202330/09/2023
30/09/2024Class B-Acc -10.6% 30.1% -21.8% 14.7% 18.3% Index* -16.6% 27.9% -4.0% 13.8% 13.4% Target Benchmark** -15.8% 29.2% -3.0% 15.0% 14.6% Sector Average*** -12.8% 32.4% -15.3% 12.8% 14.2% Please bear in mind that past performance is not a guide to future performance.
The value of your investment may go down as well as up, and you may not get back the amount you invested.Source: FE, Revolution, FTSE. Total return net of charges, in sterling.
Share class returns calculated using 10am prices, while the Index is calculated close-to-close.
†17 January 2018.
*FTSE All-Share Index +1.0%
****FTSE All-Share Index plus at least 1% per annum over rolling five-year periods.
***IA UK All Companies Sector.Top Ten Holdings - 31/10/2024
Fund % 1 AstraZeneca 4.4% 2 Marks and Spencer Group 4.3% 3 Bunzl 4.1% 4 Unilever 3.8% 5 Rio Tinto 3.8% 6 RELX 3.6% 7 Auto Trader 3.5% 8 Standard Chartered 3.2% 9 Legal & General 3.1% 10 Just Group 3.0% Total 36.9% Insights
View all Insights.Meet the Manager
Iain McCombie
Iain is the head of our UK Equity Team and lead manager of the UK Core Strategy. He is also the joint manager on our flagship Managed Strategy, which he has been involved in since 2000. Iain joined Baillie Gifford in 1994 and became a partner of the firm in 2005. He has previously spent time on the US Equities Team. Iain graduated MA in Accountancy from the University of Aberdeen and subsequently qualified as a Chartered Accountant.
FUND PLATFORMS/SUPERMARKETS
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FUND PLATFORMS/SUPERMARKETS
Documents
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Application forms
Enhanced disclosure document
Factsheets
Key investor information documents (KIIDs)
Other fund literature
Quarterly investor reports
Sustainability-related disclosures and climate reports
Sustainability disclosure requirements (SDR)
Important Information
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