ObjectiveThe value of investments and any income from them may go down as well as up and you or your client may not get back the amount originally invested.
The International Fund aims to outperform (after deduction of costs) the MSCI ACWI ex-UK Index, as stated in Sterling, by at least 2% per annum over rolling five-year periods. There is no guarantee that this objective will be achieved over any time period and actual investment returns may differ from this objective, particularly over shorter time periods. The manager believes this is an appropriate benchmark given the investment policy of the Fund and the approach taken by the manager when investing.
Meet the ManagersCharles Plowden
Since the inception of Global Alpha in 2005, Charles has been one of the three Investment Managers for the strategy. After becoming a Partner in 1988, he became Joint Senior Partner with overall responsibility for the investment departments in 2006. Charles is also Chair of the Strategic Leadership Group. He joined Baillie Gifford in 1983 and was an Investment Manager in the UK Equity Team for over 20 years notably developing Baillie Gifford’s specialist UK capabilities, and was latterly head of the team. Charles graduated BA in Modern History from The University of Oxford in 1983.Spencer Adair
Spencer joined Baillie Gifford in 2000 and is an Investment Manager in the Global Alpha Team. He became a Partner in 2013 and has also spent time working in the Fixed Income, Japanese, European and UK Equity Teams. Spencer graduated BSc in Medicine from the University of St Andrews in 1997, followed by two years of clinical training in Edinburgh.Malcolm MacColl
Malcolm is an Investment Manager in the Global Alpha Team, having been involved with Global Alpha since the product’s inception in 2005. He became a Partner of the firm in 2011. Malcolm joined Baillie Gifford in 1999 and has spent time working in the UK Small Cap and North American Teams. He is a member of the UK Society of Investment Professionals. Malcolm graduated MA in Economics and History in 1998 and MLitt in Economics, Politics and Management in 1999, both from the University of St Andrews.
Actual Investors look at the big picture.
Not just the small print.
Launch Date 1 July 1980 Benchmark MSCI ACWI ex-UK Index + 2% The Investment Association Sector Global XD Date Last day of January and July each year Distribution Last day of March and September each year Pricing Valuation point 10am daily, swinging single price Active Share 88%** Rayner Spencer Mills Research Rated Fund* Download Morningstar Analyst Rating Download
Stocks are picked on the basis of fundamental attractions, irrespective of location. Industry and regional exposure are a derivative of the stock selection process. We focus on companies that we believe can deliver above average growth.
Investment Choice and Charges
Share Class ISIN Number SEDOL Number Min. Investment Min. Top Up Ongoing Charges* Initial Charge B Inc GB0005940316 0594031 £1,000 no minimum 0.60% 0% B Acc GB0005941272 0594127 £1,000 no minimum 0.60% 0%
* Interim figures as at 31/07/2019
A further explanation of all the charges and costs relating to this Fund can be found in the Enhanced Disclosure of Fund Charges and Costs document.