Overview
The investment objective of the Fund is to obtain a yield higher than that generally available from investment in global equity securities while, over the longer term, achieving growth in both capital and income. The Fund will principally invest in global equities and may also invest in other transferable securities, money market instruments, cash and cash equivalents.
Performance & Portfolio
Data is not currently available for this share class.Holdings - 30/11/2024
Fund % 1 Microsoft 4.3% 2 Fastenal 4.2% 3 Procter & Gamble 3.4% 4 Partners 3.4% 5 Apple 3.2% 6 TSMC 3.1% 7 Novo Nordisk 3.1% 8 Deutsche Börse 2.8% 9 Watsco 2.8% 10 Schneider Electric 2.7% Total 33.0% Regional Analysis 30/11/2024Fund %
- 1 North America 42.64
- 2 Europe (ex UK) 30.57
- 3 Developed Asia Pacific 11.47
- 4 Emerging Markets 8.64
- 5 UK 6.37
- 6 Cash 0.31
- Total 100.00
Country Analysis 30/11/2024Fund %
- 1 United States 42.64
- 2 Switzerland 7.70
- 3 UK 6.37
- 4 France 5.70
- 5 Australia 4.57
- 6 Denmark 4.22
- 7 Germany 4.18
- 8 Sweden 4.01
- 9 Hong Kong 3.89
- 10 Taiwan 3.64
- 11 China 2.91
- 12 Netherlands 2.32
- 13 Others 7.54
- 14 Cash 0.31
- Total 100.00
Sector Analysis 30/11/2024Fund %
- 1 Industrials 22.52
- 2 Information Technology 18.60
- 3 Financials 17.73
- 4 Consumer Staples 14.35
- 5 Consumer Discretionary 11.32
- 6 Health Care 9.49
- 7 Communication Services 3.77
- 8 Utilities 1.00
- 9 Materials 0.91
- 10 Cash 0.31
- Total 100.00
Totals may not sum due to rounding.
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.
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.
Ross Mathison
Ross joined Baillie Gifford in 2019 as an investment manager in the Global Income Growth Team and became Deputy Manager of The Scottish American Investment Company PLC (SAINTS) in August 2023. Previously, he spent a year at Aviva Investors and prior to that nine years at Standard Life Investments as an investment manager, first in the European Equity Team and latterly in the Global Equity Team. Ross is a CFA Charterholder and graduated MA (Hons) in Business and Finance from Heriot-Watt University in 2008. He also sits on the board of directors at Aberlour, a Scottish children’s charity.
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
Corporate governance
Key investor information documents (KIIDs)
Philosophy and process documents
Prospectus
Quarterly investor reports
Further Information
BAILLIE GIFFORD INVESTMENT MANAGEMENT (EUROPE) LIMITED: REGISTERED OFFICE
Baillie Gifford Investment Management (Europe) Limited is authorised and regulated by the Central Bank of Ireland (No. C182354). Registered office: 4/5 School House Lane East, Dublin 2, D02 N279. Registered in Ireland (No. 625892).COMPLAINTS CONTACT DETAILS
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.Risks
Investment markets can go down as well as up and market conditions can change rapidly. The value of an investment in the Fund, and any income from it, can fall as well as rise and investors may not get back the amount invested.
The specific risks associated with the Fund include:
Custody
Custody of assets, particularly in emerging markets, involves a risk of loss if a custodian becomes insolvent or breaches duties of care.
Emerging Markets
The Fund invests in emerging markets, which includes China, where difficulties with market volatility, political and economic instability including the risk of market shutdown, trading, liquidity, settlement, corporate governance, regulation, legislation and taxation could arise, resulting in a negative impact on the value of your investment.
Foreign Currency
The Fund has exposure to foreign currencies and changes in the rates of exchange will cause the value of any investment, and income from it, to fall as well as rise and you may not get back the amount invested.
Fees to Capital
Part or all of the expenses of the Fund will be taken from the Fund’s capital. This will reduce the capital value of the Fund. The amount of expenses that will be allocated to capital for the current financial period has not yet been determined.
Volatility
The Fund’s share price can be volatile due to movements in the prices of the underlying holdings and the basis on which the Fund is priced.
Further Details
Further details of the risks associated with investing in the Fund can be found in the Key Information Document (KID), or the Prospectus. Copies of both the KID and Prospectus are available at bailliegifford.com.
Definitions
Active Share: A measure of the Fund's overlap with the benchmark. An active share of 100 indicates no overlap with the benchmark and an active share of zero indicates a portfolio that tracks the benchmark.
