1. Overview

    To produce capital growth over the long term by investing primarily in global equities. Performance will be measured against the MSCI ACWI Index.

    Investment Proposition

    The Fund invests in an actively managed portfolio of stocks from around the world with the intention of delivering significantly higher total returns than the MSCI ACWI Index before fees. We focus on companies which we believe offer above average profit growth and we invest with a long-term (five year) perspective. The Fund’s three dedicated investment managers draw on a combination of their own investment ideas and those of our various investment teams to produce a portfolio that typically holds 70–120 stocks.

    Sector Analysis of Total Assets - 5/31/2024

    Fund %

    • 1 Consumer Discretionary 18.72
    • 2 Information Technology 17.13
    • 3 Health Care 12.79
    • 4 Financials 12.55
    • 5 Communication Services 11.55
    • 6 Industrials 10.62
    • 7 Materials 9.07
    • 8 Energy 2.69
    • 9 Consumer Staples 1.79
    • 10 Real Estate 1.67
    • 11 Cash 1.41
    • Total 100.00

    Total may not sum due to rounding

    Regional Analysis of Total Assets - 5/31/2024

    Fund %

    • 1 North America 60.59
    • 2 Europe (ex UK) 17.45
    • 3 Emerging Markets 12.40
    • 4 Developed Asia Pacific 7.66
    • 5 UK 0.49
    • 6 Cash 1.41
    • Total 100.00

    Total may not sum due to rounding

    It should not be assumed that recommendations/transactions made in the future will be profitable or will equal performance of the securities mentioned. The composition of the Fund's holdings is subject to change. Percentages are based on securities at market value. Internal classifications are used for any graphs represented above.

    There is no guarantee that the investment objective of the Fund will be achieved. Stocks fluctuate in price and the value of your investment in the Fund may go down. This means that you could lose money on your investment in the Fund or the Fund may not perform as well as other possible investments. 


    Top Ten Holdings as of month end 5/31/2024
    Company NameFund %
    1Meta Platforms3.92
    4Elevance Health Inc.3.54
    5Martin Marietta Materials3.47
    9Reliance Industries2.48
    Total 31.67%


    The Fund intends to pay dividends to its unitholders at least annually. Distributions will be automatically reinvested in additional units of the Fund or, if a unitholder requests, paid directly to unitholder.

    The distribution date for the Fund shall be the last Valuation Date in each taxation year or such other frequency as may be determined by the Manager. The distribution dates will appear on this page alongside the rates once they become available. For more information on the Funds distributions please see the Offering Memorandum.

    The below table shows the makeup of the most recent distributions paid.

    Fund Name

    Income Dividends

    Capital Gain

    Total Per Share

    Ex. Date

    Pay Date


    Global Alpha Fund Series F 0.23102 0.16491 0.39593 12/29/2023 12/29/2023 Final
    Global Alpha Fund Series Z 0.22299 0.15918 0.38217 12/29/2023 12/29/2023 Final

    Source: CIBC Mellon and Baillie Gifford & Co.

    Index Disclaimer

    Source: MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.

    Important Information

    The information provided does not constitute an offer of or solicitation for purchase or sale of securities or provision of any investment services. Baillie Gifford does not currently have any funds that offer securities under a simplified prospectus for general offer or sale within Canada. No securities regulatory authority in Canada has reviewed or in any way passed upon this website or the merits of any investment available, and any representation to the contrary is an offence.

    Persons resident or domiciled in Canada should consult with their professional advisers as to whether they require any governmental or other consents in order to enable them to trade.

    You can read details of our Legal and Important Information here.

    Trade Matching Statement
    This Trade-Matching Statement is being provided in accordance with National Instrument 24-101 -"Institutional Trade Matching and Settlement" and Companion Policy 24-101 CP (the "National
    Instrument"). It applies to all trades that are subject to the National Instrument. View the whole statement.