UK EQUITY ALPHA FUNDUK EQUITY ALPHA FUND
The UK Equity Alpha Fund aims to outperform (after deduction of costs) the FTSE All-Share Index 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. In addition, the manager believes an appropriate performance comparison for this Fund is the Investment Association UK All Companies Sector.
The important point for long-term equity investment is that you can get the broad direction of travel right.
Top Ten Holdings - 31/08/2020
Fund % 1 Ocado 8.3% 2 Rightmove 8.2% 3 Aveva 6.1% 4 Auto Trader 5.6% 5 HomeServe 4.9% 6 Trainline 4.7% 7 Renishaw 4.4% 8 Oxford Instruments 4.1% 9 Hargreaves Lansdown 4.0% 10 ASOS 4.0% Total 54.3% Fund % 1 Ocado 8.3% 2 Rightmove 8.2% 3 Aveva 6.1% 4 Auto Trader 5.6% 5 HomeServe 4.9% 6 Trainline 4.7% 7 Renishaw 4.4% 8 Oxford Instruments 4.1% 9 Hargreaves Lansdown 4.0% 10 ASOS 4.0% Total 54.3%Sector Analysis of Total Assets - 31/08/2020Unfortunately we were unable to load the chart. Please try again later.
InsightsAll insightsAugust 2020
Featuring the news and views of the teams involved in running our funds.2020
UK Equity Stewardship Report.
Our investment process at Baillie Gifford is founded on the long-term ownership of growing businesses. Our ‘bottom-up’ approach to stock selection leads us to focus on trying to understand the fundamental drivers behind individual businesses. We typically hold these investments for five to ten years – long enough for the fundamentals to emerge as the dominant influence on share prices. Cultivating conviction in corporate governance and sustainability in its broadest sense is a critical part of this process.June 2020
Featuring the news and views of the teams involved in running our funds.March 2020
UK Stock Stories - Abcam and Homeserve.
Investment managers Iain McCombie and Milena Mileva give some examples of companies within the UK portfolio that show exciting growth potential.March 2020
Featuring the news and views of the teams involved in running our funds.Fourth Quarter 2019
Our quarterly e-zine featuring the news and views of the teams involved in running our funds.
View all Insights.
Meet the Manager
Gerard joined Baillie Gifford in 1991 and is head of our UK Equity Team and Chairman of the International All Cap Portfolio Construction Group. He became a Partner of the firm in 2000 and Lead Manager of our UK Alpha Strategy in the same year. Gerard has been involved as a Portfolio Manager in our International strategies since 1998, initially in selecting UK stocks. He graduated BA in Politics, Philosophy and Economics from the University of Oxford in 1991.
How to Buy
You can invest in a range of our funds via a number of fund platforms and supermarkets, please see the links opposite. Further information on the funds can be found in the relevant Key Investor Information and Prospectus Documents, which are available in English and will be sent to you free of charge on request. Information on the range of funds available through platforms can be found in our Platform Matrix.
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.
OEIC Terms of Business
To buy and sell our funds, you must complete and return a copy of the document below, if you don't already have an agreement with us. In order for us to accept your business for our range of OEICs, please complete and return the Terms of Business Acceptance Form.
You can access any literature about the Fund here, either by downloading or requesting a copy by post (where available). 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.
Enhanced Disclosure Document
Fund Ratings Reports
Key Investor Information Documents
Philosophy and Process Documents
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.
Custody of assets involves a risk of loss if a custodian becomes insolvent or breaches duties of care.
The Fund’s exposure to a single market may increase share price movements.
The Fund’s concentrated portfolio relative to similar funds may result in large movements in the share price in the short term.
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.
A dilution adjustment may apply when you buy or sell shares in the Fund. This is applied to the share price and may reduce the return on your investment.
Fees from Revenue
Where possible, charges are taken from the Fund's revenue. Where there is insufficient revenue, the remainder will be taken from capital. This will reduce the capital value of your investment.
Tax rates and the tax treatment of OEICs can change at any time.