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 Managed Fund aims to achieve capital growth over rolling five-year periods. The manager believes an appropriate comparison for this Fund is the Investment Association Mixed Investment 40 – 85% Shares sector median given the investment policy of the Fund and the approach taken by the manager when investing.
ABOUT THE MANAGED FUND
The Baillie Gifford Managed Fund has been around for over 25 years. It is a one stop shop for any investor and comes at a conspicuously low cost - 0.43%* is the ongoing charge. We benchmark ourselves against the sector (The Investment Association Mixed Investment 40% - 85% Shares Sector) and more details on the fund, including the top ten holdings and performance information, can be seen on the latest factsheet. We have a team of managers running the fund, drawn from our regional investment desks and complemented by fixed interest experts. They put their best ideas into the fund and their individual enthusiasms will drive asset allocation within the funds. So if, for example, the American desk is bullish on US stocks we would expect to see an overweight position in the USA develop. We are bottom-up stock pickers who invest in companies, not markets. We are growth investors who take a truly long-term view – five to 10 years as reflected in our turnover. We are active investors with a consequently high active share. The fund clearly has an equity bias but bonds and cash can have their own individual attractions. Investment costs are kept low and we believe the Managed Fund could be the only investment you may ever need however, if in doubt, please seek financial advice.
* Annual figure for B Class shares as at 31/07/2018
Meet the ManagersIain McCombie
Iain is the lead manager of our UK Core strategy. He is also a member of the Global Stewardship Portfolio Construction Group (PCG). Most recently, Iain served as Chief of Investment Staff from 2013 to 2018 and became a Partner of the firm in 2005. He initially joined Baillie Gifford in 1994 and spent five years training as an Investment Manager in the US Equities Team before joining the UK Equity Team in 1999. Iain graduated MA in Accountancy from the University of Aberdeen and subsequently trained as a Chartered Accountant.Steven Hay
Steven joined Baillie Gifford in 2004 and is Head of the Income Research Team. Prior to joining Baillie Gifford, Steven was a Fixed Income Investment Manager with Scottish Widows. His experience includes seven years undertaking analysis and research for the Bank of England’s Monetary Policy Committee, and involvement in managing the UK’s foreign exchange reserves. Steven graduated BAcc (Hons) in Economics and Accountancy from the University of Glasgow in 1992 and MSc in Economics from the University of Warwick in 1993.
Actual investors think in decades.
Launch Date 1 April 1987 Benchmark Investment Association Mixed Investment 40 – 85% Shares sector median The Investment Association Sector Mixed Investment 40-85% Shares Sector 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 83%** Rayner Spencer Mills Research Rated Fund* Download Dynamic Planner Premium Rating Dynamic Planner Risk Profile Download Defaqto Risk Rating Download
Baillie Gifford are long-term investors, not speculators. Our investment philosophy focuses on growth while our universe is global. Accordingly, we believe that fundamental analysis and proprietary research are core to a successful, long-term, bottom-up investment approach.
Investment Choice and Charges
Share Class ISIN Number SEDOL Number Min. Investment Min. Top Up Ongoing Charges* Initial Charge B Inc GB0006007909 0600790 £1,000 no minimum 0.42% 0% B Acc GB0006010168 0601016 £1,000 no minimum 0.42% 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.