Overview
The Diversified Growth Fund aims to achieve (after deduction of costs): an annualised return over rolling five-year periods that is at least 3.5% more than UK Base Rate, a positive return over rolling three-year periods and annualised volatility of returns over rolling five-year periods that is below 10%. There is no guarantee that a positive return will be achieved over rolling three-year periods, or any time period, and capital may be at risk.
The manager believes this is an appropriate benchmark given the investment policy of the Fund and the approach taken by the manager when investing.
Our investment approach embraces the concept of diversification by investing actively across a very broad range of asset classes to deliver capital growth with low volatility.
Performance & Portfolio
Periodic performance
All figures to 30/11/2024 6 Months
1 Year
3 Years
5 Years
Class B-Acc 4.5% 11.6% -1.6% 1.4% Index* 2.5% 5.2% 3.7% 2.3% Target Benchmark** 4.3% 8.7% 7.2% 5.8%
Annual discrete performance 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 -1.2% 11.6% -14.1% -0.8% 15.5% Index* 0.4% 0.1% 0.8% 4.2% 5.5% Target Benchmark** 3.9% 3.6% 4.3% 7.6% 8.8% Please bear in mind that past performance is not a guide to future returns. 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. Total return net of charges, in sterling.Share class returns calculated using 10am prices, while the Index is calculated close-to-close.
Figures for 3 and 5 years are shown as the annualised rate of return. This is the average yearly return over the specified period.
*UK Base Rate.
**To outperform the UK Base Rate (as stated in sterling) by at least 3.5% per annum measured over rolling five-year periods.
Top ten holdings 30/11/2024
Fund % 1 UK T Bill 03/02/2025 4.8% 2 Leadenhall UCITS ILS Fund 4.3% 3 Baillie Gifford Long Term Global Growth Investment Fund 3.6% 4 Baillie Gifford Emerging Markets Leading Companies Fund 3.2% 5 Baillie Gifford Global Income Growth Fund 3.0% 6 Galene Fund 2.7% 7 Dimensional Global Value Fund 2.5% 8 Aegon ABS Opportunity Fund Acc 2.2% 9 SparkChange Physical Carbon ETC 2.1% 10 Baillie Gifford Worldwide China A Shares Growth Fund 2.0% Total 30.5% Asset allocation - exposure 30/11/2024Fund %
- 1 Listed Equities 17.85
- 2 Property 6.59
- 3 High Yield Credit 3.76
- 4 Structured Finance 7.60
- 5 Commodities 7.07
- 6 Emerging Market Bonds 16.31
- 7 Infrastructure 25.09
- 8 Insurance Linked 9.08
- 9 Special Opportunities -1.01
- 10 Active Rates and Currency -0.07
- 11 Cash and Equivalents 7.72
- Total 100.00
As the Fund invests in overseas securities, changes in the rates of exchange may cause the value of your investment (and any income it may pay) to go down or up.
A negative cash position may sometimes occur due to obligations awaiting settlement. Futures positions are included at their net exposure weight, and cash includes collateral held to back all long futures positions. Therefore, total portfolio exposure may not sum to 100%.
The information contained on this page is intended as a guide only and should not be relied upon when making investment decisions. Source Baillie Gifford & Co.
Please note that totals may not sum due to rounding.
Insights
View all Insights.Meet the Managers
James Squires
James is head of the Multi Asset Team and chairs our Multi Asset and Income Leadership Group. He became a partner in 2018. James joined Baillie Gifford in 2006, initially working in our North American Equity and Fixed Income teams. He has been a CFA Charterholder since 2010 and graduated BA in Mathematics and Philosophy from the University of Oxford in 2005.
Felix Amoako-Kwarteng
Felix joined Baillie Gifford in 2011 and is an investment manager in the Multi Asset Team. He is a CFA Charterholder. Felix graduated BComm in Accounting from University of Cape Coast, Ghana, in 2008 and MSc in Investment Analysis from the University of Stirling in 2010.
Scott Lothian
Scott is an investment manager in the Multi Asset Team. He joined Baillie Gifford in 2015. Prior to joining the firm, he worked as a Solutions Strategist for Schroders in London, led a multi-manager team for BEA Union in Hong Kong, and was a senior investment consultant at Towers Watson. Scott is a Fellow of the Institute and Faculty of Actuaries, and graduated BSc (Hons) in Actuarial Mathematics and Statistics from Heriot-Watt University in 1999.
Nicoleta Dumitru
Nicoleta is an investment manager in the Multi Asset Team and part of the Sustainable Income and Multi Asset Income Portfolio Construction Group. She joined Baillie Gifford in 2013 after graduating BSc (Hons) in Management and Marketing from the University of Manchester that same year.
Documents
You can access any literature about the Fund here, either by downloading or requesting a copy by post (where available).
To download any document you will need Adobe Reader. Please note that we can now provide you with Braille and audio transcriptions of our literature on request. It may take up to 10 days for the transcription to be completed dependent on the size of the document.
Application forms
Enhanced disclosure document
Factsheets
Interim reports
Key investor information documents (KIIDs)
Philosophy and process documents
Quarterly investor reports
Shareholders rights directive
Sustainability-related disclosures and climate reports
Value assessment
Implementation statement
Complaints
In the first instance, clients should contact their normal Client Contact with any concerns. Alternatively, or for those clients who do not have a direct client contact assigned, complaints can be emailed to Baillie Gifford’s Compliance Department at: InstitutionalComplaints@bailliegifford.com. A summary document which contains details on Baillie Gifford’s complaints management policy is available upon request. All material complaints are recorded in an in-house incident management system and are escalated to, and dealt with by, members of staff of suitable seniority, independent of the area from which the matter arose.
