1. Long Term Global Growth Equity Fund

    Long Term Global Growth Equity Fund

  2. Overview

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

    Investment Proposition

    The Fund is a purely stock-driven, unconstrained global equity Fund focused on investing in exceptional growth companies from around the world. The approach is committed and expressly long term because we believe that investing in companies with the scope to grow to multiples of their current size over the next decade has the potential to transform the returns achieved for investors over time. Portfolio holding sizes are based purely on our view of the magnitude of the potential upside and our associated level of conviction. The turnover in the portfolio aims to be low, reflecting our long-term perspective and resistance to trading on short-term news flow. We look to embrace volatility that often results from the obsession with managing short-term volatility in the broader market, as it can provide opportunities for us to invest in companies with great longterm growth prospects at opportune prices.

    Sector Analysis of Total Assets - 3/31/2024

    Fund %

    • 1 Information Technology 32.42
    • 2 Consumer Discretionary 27.47
    • 3 Communication Services 14.26
    • 4 Health Care 12.57
    • 5 Financials 7.55
    • 6 Industrials 3.21
    • 7 Materials 0.27
    • 8 Cash 2.25
    • Total 100.00

    Total may not sum due to rounding

    Regional Analysis of Total Assets - 3/31/2024

    Fund %

    • 1 North America 56.84
    • 2 Europe (ex UK) 20.51
    • 3 Emerging Markets 20.40
    • 4 Cash 2.25
    • Total 100.00

    Total may not sum due to rounding

    ASSET CLASS ANALYSIS 3/31/2024

    Fund %

    • 1 Listed Equities 97.75
    • 2 Cash and Equivalents 2.25
    • Total 100.00

    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. 

    Holdings 3/31/2024

    SEDOL ISIN Company Country Holding Asset Price Currency Asset Type Market Value (CAD) Fund %
    1 2379504 US67066G1040 NVIDIA United States 85,295 903.56 USD Equity 104293827.33 8.30
    2 2000019 US0231351067 Amazon.com United States 343,284 180.38 USD Equity 83795361.64 6.67
    3 B929F46 NL0010273215 ASML Netherlands 48,997 892.20 EUR Equity 63889653.07 5.09
    4 BYVW0F7 US7223041028 PDD Holdings China 331,446 116.25 USD Equity 52141530.98 4.15
    5 BZ1HM42 NL0012969182 Adyen Netherlands 21,639 1568.00 EUR Equity 49588625.02 3.95
    6 B0796X4 US2521311074 Dexcom United States 249,764 138.70 USD Equity 46879647.47 3.73
    7 BFZ1K46 LU1778762911 Spotify Sweden 122,117 263.90 USD Equity 43610749.63 3.47
    8 2871301 US46120E6023 Intuitive Surgical United States 79,793 399.09 USD Equity 43093689.14 3.43
    9 BJXC5M2 US18915M1071 Cloudflare United States 328,156 96.83 USD Equity 42999986.20 3.42
    10 BD8FDD1 US88339J1051 The Trade Desk United States 359,087 87.42 USD Equity 42480392.41 3.38
    Total 45.60%

    TAX & DISTRIBUTIONS

    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

    Status

    Long Term Global Growth Equity Fund Series F 0.06028 0.00000 0.06028 12/29/2023 12/29/2023 Final
    Long Term Global Growth Equity Fund Series Z 0.06368 0.00000 0.06368 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.