Capital at risk

Edinburgh Worldwide Investment Trust

Discovering the next generation of disruptive growth companies solving complex problems. The Company invests in immature, disruptive private and public companies shaping the future, aiming to find them early and hold them as they scale, capturing transformational growth opportunities.

Close-up 3D render of a quantum computer, showing intricate gold-coloured wires and components arranged in a circular pattern, with thin curved wires extending upwards against a dark green background.

Stay up to date

Save this fund to your shortlist, or subscribe to email updates so you never miss an insight or report.

Overview

ISIN

GB00BHSRZC82

SEDOL

BHSRZC8

Investment proposition

Edinburgh Worldwide offers shareholders a unique portfolio of publicly traded and private businesses operating at frontiers of technological innovation and transformation. The Trust is a global smaller companies specialist aiming to generate long-term capital appreciation by early access to emerging businesses with significant disruptive growth potential.

Share price and charges

Price

204.00p

NAV at fair

215.70p

Premium (+) or discount (-) at fair

-5.4%

Ongoing charges*

0.76%

Fund facts

Active share

99%*

Fund launch date

1998

AIC Investment Sector

Global Smaller Companies

Benchmark

S&P Global Small Cap Index

Past performance is not a guide to future returns.

*Relative to S&P Global Small Cap. Source: Baillie Gifford & Co, S&P.

While the policy is global investment, the approach adopted is to construct a portfolio through the identification of individual companies which offer long-term growth potential.

Meet the managers

Meet the directors

Ratings

As at: 30 September 2025

Rayner Spencer Mills Research Rated Fund

Rayner Spencer Mills Research Rated Fund - Investment Trust

AGM, voting and registrar details

AGM

Requisitioned General Meeting and AGM, 11.45am and 12 noon respectively on Friday 14 February 2025, Baillie Gifford offices, Edinburgh.

View latest results

Voting

Access information on our Corporate calendar, AGM voting and attendance.

Access information on votes cast by Baillie Gifford during the previous quarter on behalf of the investment trust in the Proxy voting disclosure.

Registrar

Computershare Investor Service PLC,
The Pavilions,
Bridgwater Road,
Bristol,
BS99 6ZZ.

Regulatory news announcements

Regulatory news announcements which are released to the London Stock Exchange can be accessed via their service.

Edinburgh Worldwide announcements

The Association of Investment Companies

Further information on investment trusts and the investment trust sector can be found on The Association of Investment Companies website.

Visit the website

Risk Warnings

Risk Introduction

The investment trusts managed by Baillie Gifford & Co Limited are listed UK companies. The value of their shares, and any income from them, can fall as well as rise and investors may not get back the amount invested. The specific risks associated with the Trust include:

Currency

The Trust invests in overseas securities. Changes in the rates of exchange may also cause the value of your investment (and any income it may pay) to go down or up.

Private Companies

Unlisted investments such as private companies, in which the Trust has a significant investment, can increase risk. These assets may be more difficult to sell, so changes in their prices may be greater.

Gearing

The Trust can borrow money to make further investments (sometimes known as "gearing" or "leverage"). The risk is that when this money is repaid by the Trust, the value of the investments may not be enough to cover the borrowing and interest costs, and the Trust will make a loss. If the Trust's investments fall in value, any invested borrowings will increase the amount of this loss.

Liquidity

Market values for securities which have become difficult to trade may not be readily available and there can be no assurance that any value assigned to such securities will accurately reflect the price the Trust might receive upon their sale.

Derivatives

The Trust can make use of derivatives which may impact on its performance.

Smaller Immature Companies

Investment in smaller, immature companies is generally considered higher risk as changes in their share prices may be greater and the shares may be harder to sell. Smaller, immature companies may do less well in periods of unfavourable economic conditions.

Premium Risk

Share prices may either be below (at a discount) or above (at a premium) the net asset value (NAV). The Company may issue new shares when the price is at a premium which may reduce the share price. Shares bought at a premium may have a greater risk of loss than those bought at a discount.

Buy-backs

The Trust can buy back its own shares. The risks from borrowing, referred to above, are increased when a trust buys back its own shares.

Income Secondary

The aim of the Trust is to achieve capital growth. You should not expect a significant, or steady, annual income from the Trust.

Regulation of Investment Trusts

The Trust is listed on the London Stock Exchange and is not authorised or regulated by the Financial Conduct Authority.

Index disclaimer

The S&P 500, S&P Global SmallCap and Dow Jones Islamic Market World (index) are products of S&P Dow Jones Indices LLC or its affiliates ("SPDJI"), and has been licensed for use by Baillie Gifford & Co. S&P®, S&P 500®, US 500, The 500, iBoxx®, iTraxx® and CDX® are trademarks of S&P Global, Inc. or its affiliates ("S&P"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Baillie Gifford & Co. Baillie Gifford & Co Product(s) are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500, S&P Global Small Cap and Dow Jones Islamic Market World Index.

Important information

Baillie Gifford Overseas Limited (ARBN 118 567 178) is registered as a foreign company under the Corporations Act 2001 (Cth) and holds Foreign Australian Financial Services Licence No 528911. The information in this area is provided to you on the basis that you are a “wholesale client” within the meaning of section 761G of the Corporations Act 2001 (Cth) (“Corporations Act”). Please advise Baillie Gifford Overseas Limited immediately if you are not a wholesale client. In no circumstances should the information in this area be made available to “retail clients” as defined by the Corporations Act.

The information in this area contains general information only. It does not take into account any person’s objectives, financial situation or needs.

Contact us

Still have a question?  Please get in touch with us.

Fund performance

Periodic Performance

As at: 31 October 2025

1 Year
3 Years
5 Years
10 Years
Share Price
30.2%
18.8%
-28.7%
134.0%
NAV
29.7%
11.8%
-21.0%
138.8%
Index*
12.8%
31.3%
66.3%
172.7%

Discrete Performance

As at: 30 September 2025

30/09/2020 –
30/09/2021
30/09/2021 –
30/09/2022
30/09/2022 –
30/09/2023
30/09/2023 –
30/09/2024
30/09/2024 –
30/09/2025
Share Price
5.3%
-43.3%
-20.1%
11.0%
30.8%
NAV
12.4%
-37.7%
-17.0%
2.5%
25.1%
Index*
33.5%
-9.1%
5.1%
13.1%
11.9%

Performance

As at: 31 October 2025

View by date range:

Source: Morningstar, MSCI, S&P.

Performance figures appear in GBP. The value of your investment may go down as well as up, and you may not get back the amount you invested.

Comparative Index is limited to a 5 year period from the current date.

Comparative Index changed from MSCI All Countries World Index on 01/02/2014 to S&P Global Small Cap Index. In the above graph the indices have been chain-linked to form a single index.

The graph has been rebased to 100.

Please bear in mind that past performance is not a guide to future returns.

Active share

As at: 31 October 2025

View by date range:

Relative to S&P Global Small Cap. Source: Baillie Gifford & Co, S&P.

Discount/premium history at fair

As at: 31 October 2025

View by date range:

Performance figures appear in GBP. The value of your investment may go down as well as up, and you may not get back the amount you invested.

If the graph shows negative figures this means that the share price is lower than the NAV at fair – this is known as trading at a Discount.

If the graph shows positive figures this means that the share price is higher than the NAV at fair - this is known as trading at a Premium.

Please bear in mind that past performance is not a guide to future returns.

Contact us

Still have a question?  Please get in touch with us.

Fund portfolio holdings

The list of top 10 holdings that this fund invests in.

As at: 31 October 2025

#Holding% of total assets
1Space Exploration Technologies8.4%
2Alnylam Pharmaceuticals6.8%
3PsiQuantum6.5%
4AeroVironment4.7%
5American Superconductor Corp3.2%
6Axon Enterprise3.2%
7Xometry, Inc.2.6%
8Oxford Nanopore Tech2.5%
9Zillow1.9%
10Astera Labs1.7%

We publish our full portfolio with an intentional delay to protect the company’s intellectual property.

As the Fund invests in overseas securities, changes in the rates of exchange may also cause the value of your investment (and any income it may pay) to go down or up.

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 sum due to rounding.

Geographic analysis of total assets

All figures up to: 31 October 2025

Total: 100%

Contact us

Still have a question?  Please get in touch with us.

Insights

Key articles, videos and podcasts relating to the fund:

Filters

Insights

Viewing 11 of 11
  1. Alnylam: Stock Story

    Richie Vernon explores the revolutionary drugs transforming patient lives.
    April 2025
    Video3 minutes
  2. Quantum, space, fusion: the big three

    How PsiQuantum, SpaceX and SHINE Technologies seek to shape the future and deliver growth.
    February 2025
    Podcast31 minutes
  3. Our best disruptive ideas

    Bill Chater spotlights three companies making world-changing breakthroughs: Alnylam, Axon and SpaceX.
    September 2024
    Video3 minutes
  4. PsiQuantum: the leap to quantum computing

    PsiQuantum’s efforts could revolutionise medicine, energy use, farming and more.
    September 2024
    Article3 minutes
  5. Stock story: PsiQuantum

    How one company is finally bringing the boundless possibilities of quantum computing into reach of the wider market.
    June 2024
    Video3 minutes
  6. Global Discovery manager update

    Hear why investors’ confidence in the Strategy remains steadfast despite challenging times.
    March 2024
    Video46 minutes
  7. The hidden costs of software

    A decade ago, software companies were venture-backed and capital-light. That’s no longer true.
    October 2023
    Article
  8. How do we value private companies?

    Uncover the multiple layers of governance that feed into the valuation of private companies at Baillie Gifford.
    October 2023
    Video10 minutes
  9. Nuclear fusion: SHINE lights the way

    The cancer-fighting firm that aims to lead a clean energy revolution.
    October 2023
    Article5 minutes
  10. What is private company investing?

    Discover what private company investing is, and why our decades of institutional knowledge of exceptional growth companies gives us an advantage.
    September 2023
    Video8 minutes
  11. Space: the final investment frontier

    Fifty years on from the first moon landing, entrepreneurs on the west coast of America are stepping up spending on space. To discuss how this new space race might impact investment, Malcolm Borthwick is joined by Luke Ward – space enthusiast and deputy manager of Edinburgh Worldwide Investment Trust and the Global Discovery Fund.
    June 2019
    Podcast15 minutes

  1. Alnylam: Stock Story

    Richie Vernon explores the revolutionary drugs transforming patient lives.
    April 2025
    Video3 minutes
  2. Quantum, space, fusion: the big three

    How PsiQuantum, SpaceX and SHINE Technologies seek to shape the future and deliver growth.
    February 2025
    Podcast31 minutes
  3. Our best disruptive ideas

    Bill Chater spotlights three companies making world-changing breakthroughs: Alnylam, Axon and SpaceX.
    September 2024
    Video3 minutes
  4. PsiQuantum: the leap to quantum computing

    PsiQuantum’s efforts could revolutionise medicine, energy use, farming and more.
    September 2024
    Article3 minutes
  5. Stock story: PsiQuantum

    How one company is finally bringing the boundless possibilities of quantum computing into reach of the wider market.
    June 2024
    Video3 minutes
  6. Global Discovery manager update

    Hear why investors’ confidence in the Strategy remains steadfast despite challenging times.
    March 2024
    Video46 minutes
  7. The hidden costs of software

    A decade ago, software companies were venture-backed and capital-light. That’s no longer true.
    October 2023
    Article
  8. How do we value private companies?

    Uncover the multiple layers of governance that feed into the valuation of private companies at Baillie Gifford.
    October 2023
    Video10 minutes
  9. Nuclear fusion: SHINE lights the way

    The cancer-fighting firm that aims to lead a clean energy revolution.
    October 2023
    Article5 minutes
  10. What is private company investing?

    Discover what private company investing is, and why our decades of institutional knowledge of exceptional growth companies gives us an advantage.
    September 2023
    Video8 minutes
  11. Space: the final investment frontier

    Fifty years on from the first moon landing, entrepreneurs on the west coast of America are stepping up spending on space. To discuss how this new space race might impact investment, Malcolm Borthwick is joined by Luke Ward – space enthusiast and deputy manager of Edinburgh Worldwide Investment Trust and the Global Discovery Fund.
    June 2019
    Podcast15 minutes

Contact us

Still have a question?  Please get in touch with us.

Documents

You can access any literature about the Fund here.

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.

Contact us

Still have a question?  Please get in touch with us.