Overview
The Responsible Global Equity Income Fund aims to achieve (after deduction of costs) growth in both income and capital over rolling five-year periods, whilst delivering a yield higher than that of the MSCI ACWI Index over the longer term, by investing responsibly. 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 Global Equity Income Sector.
The Baillie Gifford Responsible Global Equity Income Fund is the first and only fund of its type in the Global Equity Income sector.
Performance & Portfolio
Periodic Performance
All figures to 30/11/2024 6 Months
1 Year
3 Years
5 Years
Class B-Inc 4.9% 13.3% 6.6% 10.5% Index* 10.9% 26.2% 9.6% 12.3% Figures for 3 years and Since Inception 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-Inc 10.8% 19.1% -0.7% 9.9% 12.4% Index* 5.8% 22.7% -3.7% 11.0% 20.4% Sector Average*** -3.9% 21.6% -0.6% 9.4% 15.2% 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, MSCI. Total return net of charges, in sterling.
Share class returns calculated using 10am prices, while the Index is calculated close-to-close.
†06 December 2018.
*MSCI ACWI Index.
**IA Global Equity Income Sector.Top Ten Holdings - 30/11/2024
Fund % 1 Microsoft 4.9% 2 Fastenal 4.8% 3 TSMC 4.2% 4 Watsco 4.1% 5 Novo Nordisk 3.9% 6 Procter & Gamble 3.9% 7 Apple 3.8% 8 Schneider Electric 3.1% 9 Partners 3.0% 10 CAR Group 3.0% Total 38.7% GEOGRAPHIC ANALYSIS OF TOTAL ASSETS 30/11/2024Fund %
- 1 North America 44.28
- 2 Europe (ex UK) 31.74
- 3 Emerging Markets 9.63
- 4 Developed Asia Pacific 9.61
- 5 UK 5.28
- 6 Cash -0.55
- Total 100.00
As well as cash in the bank, this balance includes unsettled cash flows arising from both shareholder flows and outstanding trades. Therefore, a negative balance may
arise from timing differences between shareholder flows and security trading, and does not necessarily represent a bank overdraft.
The information contained on this page is intended as a guide only and should not be relied upon when making investment decisions. All holdings information is unaudited. Source Baillie Gifford & Co.
Please note that totals may not add due to rounding.Insights
View all Insights.Meet the Managers
James Dow
James is head of Global Income Growth and co-manager of the Scottish American Investment Company, as well as a member of the Portfolio Construction Group for the Sustainable Income Strategy. He joined Baillie Gifford in 2004 and became a partner in the firm in 2023. Prior to this he was an investment manager in our US Equities Team. Before joining the firm, he spent three years at The Scotsman, where he was economics editor. James is a CFA Charterholder. He graduated MA (Hons) in Economics and Philosophy from the University of St Andrews in 2000 and MSc in Development Studies from the London School of Economics in 2001.
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.
Enhanced disclosure document
Key investor information documents (KIIDs)
Other fund literature
Philosophy and process documents
Quarterly investor reports
Shareholders rights directive
Sustainability-related disclosures and climate reports
Value assessment
Sustainability disclosure requirements (SDR)
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.
