Overview
ISIN
GB00BLDYK618SEDOL
BLDYK61Investment proposition
Our purpose is simple. Maximise total returns over the long term. To do that, we aim to own the world’s most exceptional public and private growth companies, and we limit fees so that shareholders keep more of any returns generated.
Share price and charges
Price
1063.00pNAV at fair
1221.03pPremium (+) or discount (-) at fair
-12.9%Ongoing charges*
0.31%Fund facts
Active share
88%**
Fund launch date
1909
AIC Investment Sector
Global
Benchmark
FTSE All-World Index
Past performance is not a guide to future returns.
**Relative to FTSE All-World Index. Source: Baillie Gifford & Co, FTSE.
Meet the managers
AGM, voting and registrar details
AGM
Held on 3 July 2025 at the National Galleries of Scotland, The Mound, Edinburgh EH2 2EL.
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.
Meet the directors
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.
Emerging Markets
The Trust 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.
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.
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.
Regulation of Investment Trusts
The Trust is listed on the London Stock Exchange and is not authorised or regulated by the Financial Conduct Authority.
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.
Fund performance
Periodic Performance
As at: 31 October 2025
1 Year | 3 Years | 5 Years | 10 Years | |
|---|---|---|---|---|
Share Price | 35.7% | 63.2% | 20.4% | 386.6% |
NAV | 34.6% | 58.1% | 33.6% | 449.4% |
Benchmark* | 20.6% | 59.8% | 99.1% | 259.7% |
Performance figures appear in GBP. NAV is calculated with borrowings deducted at fair value for 1, 3 and 5 years and par value for 10 years. *FTSE All World Index(GBP) TR. Performance source: Morningstar and relevant underlying index provider, total return.
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 | 44.5% | -45.0% | -13.9% | 25.6% | 36.5% |
NAV | 39.4% | -36.3% | -5.9% | 16.8% | 34.1% |
Benchmark* | 22.7% | -3.6% | 11.1% | 20.2% | 17.4% |
Performance -
As at: 31 October 2025
Performance figures appear in GBP. Benchmark data is limited to a 5 year period from the current date. The graph has been rebased to 100.
Active Share -
As at: 31 October 2025
Source: Baillie Gifford & Co, FTSE. Relative to FTSE All-World Index.
Discount/Premium History at Fair -
As at: 31 October 2025
Performance figures appear in GBP. 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.
Fund portfolio holdings
The list of top 10 holdings that this fund invests in.
As at: 30 September 2025
| # | Holding | % of total assets |
|---|---|---|
| 1 | Space Exploration Technologies | 7.60% |
| 2 | MercadoLibre | 5.43% |
| 3 | TSMC | 4.60% |
| 4 | Amazon.com | 4.30% |
| 5 | Meta Platforms | 4.04% |
| 6 | ByteDance Ltd. | 3.41% |
| 7 | NVIDIA | 3.31% |
| 8 | ASML | 3.09% |
| 9 | Sea Limited | 3.02% |
| 10 | Spotify | 2.80% |