Overview
Investment proposition
Share price and charges
Share class
B, Acc, USDNAV per share
20.38% change
-0.22%Ongoing charges*
0.77%Initial charge
0%Fund facts
Current number of holdings
49
Guideline number of holdings
30-50
Benchmark
Dow Jones Islamic Market World Index
Active share
74%**
Annual turnover
16%
Fund launch date
10 May 2022
Style
Growth
Fund Settlement Cycle
Trade date plus two business days (T+2)
Fund size calculated using base currency in US dollars and converted into listed currencies.
**Relative to Dow Jones Islamic Market World Index. Source: Baillie Gifford & Co, Dow Jones.
Meet the managers
Risks
General Investment Risk
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 where difficulties in trading could arise, resulting in a negative impact on the value of your investment.
Concentration
The Fund's concentrated portfolio relative to similar funds may result in large movements in the share price in the short term.
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.
Environmental, Social and Governance
The Fund invests in companies whose business complies with Sharia principles, with specific focus on companies that have a purpose to deliver positive societal impact. The universe of available investments will be more limited than other funds that do not apply such criteria/exclusions, therefore the Fund may have different returns than a fund which has no such restriction. Data used to apply the criteria may be provided by third party sources and is based on backward-looking analysis and the subjective nature of non-financial criteria means a wide variety of outcomes are possible. There is a risk that data provided may not adequately address the underlying detail around material non-financial considerations. Please consider all of the characteristics and objectives of the fund as described in the Key Information Document (KID) and prospectus before making a decision to invest in the Fund. For more information on how sustainability issues, such as climate change are considered, see bailliegifford.com. The Fund intends to observe Sharia at all times but cannot guarantee this will be the case. An investment made in the Fund may subsequently be determined to no longer be Sharia compliant. In this instance, the Investment Manager and Sharia Supervisory Board will determine how to dispose of the investment and purify the Fund. These disposals may be made in disadvantageous circumstances and may result in losses to the Fund.
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.
Index disclaimer
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.
Fund performance
Fund portfolio holdings
The list of top 10 holdings that this fund invests in.
As at: 30 April 2026
| # | Holding | % of total assets |
|---|---|---|
| 1 | Alphabet | 8.5% |
| 2 | Amazon.com | 6.3% |
| 3 | Shopify | 6.0% |
| 4 | Microsoft | 5.6% |
| 5 | Apple | 4.6% |
| 6 | Samsung Electronics | 3.7% |
| 7 | TSMC | 3.6% |
| 8 | Roche | 3.2% |
| 9 | Analog Devices | 2.8% |
| 10 | Epiroc | 2.8% |
Sector
As at: 30 April 2026
# | Sector | Fund % | Index % * | Difference % |
|---|---|---|---|---|
| 1 | Information Technology | 41.6 | 41.5 | 0.1 |
| 2 | Consumer Discretionary | 15.1 | 11.4 | 3.8 |
| 3 | Industrials | 14.8 | 10.9 | 4.0 |
| 4 | Health Care | 12.1 | 10.7 | 1.4 |
| 5 | Communication Services | 8.5 | 8.6 | -0.2 |
| 6 | Energy | 3.7 | 3.7 | 0.0 |
| 7 | Materials | 3.1 | 5.1 | -2.0 |
| 8 | Cash | 1.1 | 0.0 | 1.1 |
Total | 100.0 | 91.8 |
Top 10 geographical locations
As at: 30 April 2026
# | Top 10 locations | Fund % | Index % * | Difference % |
|---|---|---|---|---|
| 1 | United States | 55.0 | 70.7 | -15.7 |
| 2 | Switzerland | 6.7 | 2.5 | 4.3 |
| 3 | Japan | 6.0 | 4.1 | 1.9 |
| 4 | Canada | 6.0 | 2.1 | 3.9 |
| 5 | China | 3.7 | 2.7 | 1.1 |
| 6 | South Korea | 3.7 | 2.6 | 1.1 |
| 7 | Taiwan | 3.6 | 4.1 | -0.5 |
| 8 | Sweden | 2.8 | 0.6 | 2.1 |
| 9 | Netherlands | 2.4 | 1.0 | 1.4 |
| 10 | France | 1.6 | 1.2 | 0.4 |
Total | 91.5 | 91.5 |
Insights
Key articles, videos and podcasts relating to the fund:
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How to invest
You can invest in our funds through a wide range of investment platforms. If your preferred platform does not currently offer our funds, they may be made available upon request by contacting the platform directly.
Baillie Gifford does not sponsor, maintain, or have any control over the content of any other websites. Therefore, we are not responsible for the adequacy or accuracy of any of the information you may view, nor do we undertake to ensure successful transmission to any linked website.
Documents
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.