Overview
Objective
Strategy behind the fund
Long Term Global GrowthShare price and charges
Series
FNAV
27.19% change
-2.05%Management fee
0.62%Operating expenses
0.02%Gross expense ratio
0.64%Net expense ratio
0.64%Fund facts
Fund launch date
29 April 2016
Fund size
$1,297.6m
Benchmark
MSCI ACWI Index
Current number of holdings
37
Active share
88%**
Annual turnover
12%
Style
Long term, bottom-up focus on stocks with very high growth rates
Guideline number of holdings
30-60
** Relative to MSCI ACWI Index.
Source: Baillie Gifford & Co and relevant underlying index provider(s).
Portfolio characteristics
The fund's characteristics compared to the index.
As at 30 April 2026
| Fund | MSCI ACWI Index | |
|---|---|---|
| Market cap (weighted average) | $1098.13bn | $1343.62bn |
| Price / Book | 7.56 | 3.71 |
| Price / Earnings (12 months forward) | 25.04 | 17.46 |
| Earnings growth (5 year historic) | 25.55% | 12.61% |
| Return on equity (12 months forward) | 26.14% | 21.16% |
| Standard deviation (trailing 3 years) | 19.43% | 10.23% |
| Beta | 1.46 | N/A |
Source: Revolution, MSCI. Canadian dollars.
Index disclaimer
Source: MSCI. The MSCI information may only be used for your internal use, may not be reproduced or redisseminated in any form and may not be used as a basis for or a component of any financial instruments or products or indices. None of the MSCI information 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. Historical data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. The MSCI information is provided on an ‘as is’ basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the ‘MSCI Parties’) expressly disclaims all warranties (including, without limitation, any warranties or originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages (www.msci.com).
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.
Fund performance
Stock level attribution
Top and bottom 5 relative contributors
One month to: 30 April 2026
| Holding | Contribution |
|---|---|
| Amazon.com | 0.73% |
| Rocket Lab Corp | 0.42% |
| TSMC | 0.35% |
| Exxon Mobil Corp | 0.14% |
| Apple | 0.12% |
| Alphabet | -0.72% |
| Spotify Technology SA | -0.52% |
| Cloudflare Inc | -0.50% |
| Samsara | -0.49% |
| Tencent | -0.41% |
Fund portfolio holdings
The list of top 10 holdings that this fund invests in.
As at: 30 April 2026
| # | Holding | % of total assets |
|---|---|---|
| 1 | Amazon.com | 8.13 |
| 2 | NVIDIA | 7.27 |
| 3 | ASML | 6.25 |
| 4 | TSMC | 5.32 |
| 5 | AppLovin | 4.62 |
| 6 | Cloudflare | 4.53 |
| 7 | Tencent | 3.38 |
| 8 | Nu Holdings | 3.26 |
| 9 | CATL | 3.13 |
| 10 | PDD Holdings | 2.96 |
Sector
As at: 30 April 2026
# | Sector | Fund % | Benchmark %* | Difference % |
|---|---|---|---|---|
| 1 | Information Technology | 33.68 | 28.69 | 4.99 |
| 2 | Consumer Discretionary | 26.90 | 9.32 | 17.58 |
| 3 | Communication Services | 11.81 | 8.79 | 3.02 |
| 4 | Industrials | 11.23 | 11.25 | -0.03 |
| 5 | Health Care | 6.12 | 8.05 | -1.94 |
| 6 | Financials | 5.74 | 16.42 | -10.69 |
| 7 | Consumer Staples | 2.70 | 5.06 | -2.36 |
| 8 | Cash | 1.82 | 0.00 | 1.82 |
Total | 100.00 | 87.59 |
Top 10 geographical locations
As at: 30 April 2026
# | Top 10 locations | Fund % | Benchmark %* | Difference % |
|---|---|---|---|---|
| 1 | United States | 47.63 | 63.41 | -15.77 |
| 2 | China | 16.24 | 2.73 | 13.52 |
| 3 | Netherlands | 8.73 | 1.16 | 7.57 |
| 4 | Brazil | 6.18 | 0.55 | 5.63 |
| 5 | Taiwan | 5.32 | 2.94 | 2.38 |
| 6 | Sweden | 2.79 | 0.78 | 2.01 |
| 7 | Canada | 2.31 | 3.08 | -0.77 |
| 8 | Singapore | 2.27 | 0.36 | 1.91 |
| 9 | France | 2.15 | 2.19 | -0.04 |
| 10 | South Korea | 2.14 | 2.21 | -0.07 |
Total | 95.76 | 79.39 |
Region
As at: 30 April 2026
# | Region | Fund % | Benchmark %* | Difference % |
|---|---|---|---|---|
| 1 | North America | 49.94 | 66.48 | -16.54 |
| 2 | Emerging Markets | 33.01 | 11.77 | 21.24 |
| 3 | Europe (ex UK) | 15.22 | 11.22 | 4.01 |
| 4 | Pacific ex Japan | 0.00 | 2.27 | -2.27 |
| 5 | UK | 0.00 | 3.25 | -3.25 |
| 6 | Japan | 0.00 | 5.01 | -5.01 |
| 7 | Cash | 1.82 | 0.00 | 1.82 |
Total | 100.00 | 100.00 |
Quarterly transactions
Transactions for the three-month period ending 31 March 2026
New purchases
- MakeMyTrip
Complete sales
- The Trade Desk
Additions
- AppLovin
- Axon Enterprise Inc
- Joby Aviation Inc
- Reddit, Inc. Cl A
- Samsara
Reductions
- Netflix Inc
Insights
Key articles, videos and podcasts relating to the fund:
Filters
Insights
The adaptability advantage: a key source of mispricing
Why reinvention, not just execution, can shape the most surprising growth stories.
QXO: Maslow and materials
Why QXO’s transformation of an outdated building materials sector is gaining real momentum.
BeOne: going global
Why BeOne’s global ambition is starting to look more meaningful for Long Term Global Growth.
Long Term Global Growth Q1 update
Investment specialist Jon Henry reflects on recent performance, portfolio changes and market developments.
Different by design
Why staying true to a patient approach can create opportunity over the long term.
MakeMyTrip: cleared for takeoff
India’s travel boom, competitive resilience and AI investment set the stage for MakeMyTrip’s next chapter.
Unprompted insight: the human edge
In an AI-saturated world, face-to-face conversations with company leaders can reveal what metrics miss.
The forge of intelligence
From models to matter, investment manager John MacDougall explores the rise of physical AI.
Smart models, sharp founders: AI’s future
Cutting through the noise to find AI growth companies that will really matter over the next decade.
Axon: rewiring public safety
Long Term Global Growth discusses Axon’s mission-led tech and why international growth could follow.
Long Term Global Growth Q4 update
Investment specialist Carla Bannatyne reflects on recent performance, portfolio changes and market developments.
Crowding at the waterhole: beyond megacaps
Index crowding into megacaps can leave investors overexposed; patient teams look beyond the obvious for winners.
What’s your flavour of choice?
Three investment managers debate growth strategies from tech disruption to steady compounders
Some like it hot
Why the 'riskiest' growth companies may actually be your portfolio's best defence.
Fairytales and fundamentals revisited
Jonny Greenhill on Long Term Global Growth’s patient approach to backing transformative companies.
LTGG Reflections: Duolingo
Why Duolingo is a beneficiary of AI, not a victim – and why for the long-term investor, patience is a virtue.
LTGG Reflections: Cloudflare
How Cloudflare evolved from internet security to AI gatekeeper, controlling content access and reshaping digital economics.
Long Term Global Growth Q3 update
Investment specialist Jonny Greenhill reflects on recent performance, portfolio changes and market developments.
Fairytales and fundamentals
Finding investment clarity when markets speak nonsense and valuations tell curious tales.
LTGG Reflections: Netflix
Lessons in disruption, adaptability and the conviction required to invest in outliers.
LTGG Reflections: Rocket Lab
From a New Zealand shed to challenging SpaceX: why Rocket Lab's remarkable journey captivates LTGG.
Brittle botany
How LTGG cultivates resilience in a fractious world.
Long Term Global Growth Q2 update
Investment manager Mark Urquhart reflects on recent performance, portfolio changes and market developments.
LTGG Reflections: Listening beats forecasting
Why we value curiosity over certainty: recent lessons from the road
LTGG Stewardship Report
For the year ended December 2024.
LTGG Reflections: materiality
Why focusing on long-term business fundamentals, not headlines, drives LTGG's investment success.
LTGG Reflections: Know where your towel is
Why investors should avoid the temptation to throw in the towel during market turmoil.
With the benefit of foresight
Investors must navigate uncertainty to create long-term value in a rapidly changing world.
LTGG Reflections: TSMC, why now?
The 40-year-old company leading AI technology with advanced semiconductor production.
Long Term Global Growth Q1 update
The Long Term Global Growth Team reflects on recent performance, portfolio changes and market developments.
Cloudflare: Stock Story
Ben James highlights how one cybersecurity approach is redefining digital infrastructure.
LTGG Reflections: Resisting short-term noise
Mark Urquhart teaches us how to ignore market noise and focus on promising companies.
AI revolution: behind the 'overnight' success
AI is revolutionising industries globally. Stewart Hogg explores how AI is reshaping companies and driving long-term growth.
Finding sanity in the circus
An LTGG insight into what really matters for long term growth investing at the current juncture.
Volatility in LTGG: a feature not a bug
Why volatility is crucial to LTGG's strategy of capturing outsized returns.
LTGG Reflections: Jewels in the crown
How we consider the balance of tradition and transformation when it comes to investing in India.
LTGG Reflections: Private eyes
Our approach to private market investments and the AI new buy it led to.
Kweichow Moutai: spirit of China
The fiery spirit that’s a profitable symbol of Chinese culture and luxury.
LTGG Reflections: The value of culture
Why the critical role of corporate culture can be the heartbeat of business success.
Sugar rush: LTGG Q2 2024
Highlighting the companies driving portfolio returns and how our appetite for growth compares to market trends.LTGG Stewardship Report 2023
For the year ended December 2023.
LTGG Reflections: Company check in
We met holdings to track their progress as well as scouting out potential additions to the portfolio.
Looking back going forward
The LTGG Team look back on an extraordinary 12 months and discuss the growth prospects of the portfolio, the rapid development of vaccines and the importance of hold discipline.
Transformations
Go behind the scenes of more than two decades of Long Term Global Growth (LTGG) thinking. This digital series brings our thinking to life, showing how the team has identified, debated and learned from transformational shifts to find those rare companies with the potential to shape the decade ahead.
The adaptability advantage: a key source of mispricing
Why reinvention, not just execution, can shape the most surprising growth stories.QXO: Maslow and materials
Why QXO’s transformation of an outdated building materials sector is gaining real momentum.BeOne: going global
Why BeOne’s global ambition is starting to look more meaningful for Long Term Global Growth.Long Term Global Growth Q1 update
Investment specialist Jon Henry reflects on recent performance, portfolio changes and market developments.Different by design
Why staying true to a patient approach can create opportunity over the long term.MakeMyTrip: cleared for takeoff
India’s travel boom, competitive resilience and AI investment set the stage for MakeMyTrip’s next chapter.Unprompted insight: the human edge
In an AI-saturated world, face-to-face conversations with company leaders can reveal what metrics miss.The forge of intelligence
From models to matter, investment manager John MacDougall explores the rise of physical AI.Smart models, sharp founders: AI’s future
Cutting through the noise to find AI growth companies that will really matter over the next decade.Axon: rewiring public safety
Long Term Global Growth discusses Axon’s mission-led tech and why international growth could follow.Long Term Global Growth Q4 update
Investment specialist Carla Bannatyne reflects on recent performance, portfolio changes and market developments.Crowding at the waterhole: beyond megacaps
Index crowding into megacaps can leave investors overexposed; patient teams look beyond the obvious for winners.What’s your flavour of choice?
Three investment managers debate growth strategies from tech disruption to steady compoundersSome like it hot
Why the 'riskiest' growth companies may actually be your portfolio's best defence.Fairytales and fundamentals revisited
Jonny Greenhill on Long Term Global Growth’s patient approach to backing transformative companies.LTGG Reflections: Duolingo
Why Duolingo is a beneficiary of AI, not a victim – and why for the long-term investor, patience is a virtue.LTGG Reflections: Cloudflare
How Cloudflare evolved from internet security to AI gatekeeper, controlling content access and reshaping digital economics.Long Term Global Growth Q3 update
Investment specialist Jonny Greenhill reflects on recent performance, portfolio changes and market developments.Fairytales and fundamentals
Finding investment clarity when markets speak nonsense and valuations tell curious tales.LTGG Reflections: Netflix
Lessons in disruption, adaptability and the conviction required to invest in outliers.LTGG Reflections: Rocket Lab
From a New Zealand shed to challenging SpaceX: why Rocket Lab's remarkable journey captivates LTGG.Brittle botany
How LTGG cultivates resilience in a fractious world.Long Term Global Growth Q2 update
Investment manager Mark Urquhart reflects on recent performance, portfolio changes and market developments.LTGG Reflections: Listening beats forecasting
Why we value curiosity over certainty: recent lessons from the roadLTGG Stewardship Report
For the year ended December 2024.LTGG Reflections: materiality
Why focusing on long-term business fundamentals, not headlines, drives LTGG's investment success.LTGG Reflections: Know where your towel is
Why investors should avoid the temptation to throw in the towel during market turmoil.With the benefit of foresight
Investors must navigate uncertainty to create long-term value in a rapidly changing world.LTGG Reflections: TSMC, why now?
The 40-year-old company leading AI technology with advanced semiconductor production.Long Term Global Growth Q1 update
The Long Term Global Growth Team reflects on recent performance, portfolio changes and market developments.Cloudflare: Stock Story
Ben James highlights how one cybersecurity approach is redefining digital infrastructure.LTGG Reflections: Resisting short-term noise
Mark Urquhart teaches us how to ignore market noise and focus on promising companies.AI revolution: behind the 'overnight' success
AI is revolutionising industries globally. Stewart Hogg explores how AI is reshaping companies and driving long-term growth.Finding sanity in the circus
An LTGG insight into what really matters for long term growth investing at the current juncture.Volatility in LTGG: a feature not a bug
Why volatility is crucial to LTGG's strategy of capturing outsized returns.LTGG Reflections: Jewels in the crown
How we consider the balance of tradition and transformation when it comes to investing in India.LTGG Reflections: Private eyes
Our approach to private market investments and the AI new buy it led to.Kweichow Moutai: spirit of China
The fiery spirit that’s a profitable symbol of Chinese culture and luxury.LTGG Reflections: The value of culture
Why the critical role of corporate culture can be the heartbeat of business success.Sugar rush: LTGG Q2 2024
Highlighting the companies driving portfolio returns and how our appetite for growth compares to market trends.LTGG Stewardship Report 2023
For the year ended December 2023.LTGG Reflections: Company check in
We met holdings to track their progress as well as scouting out potential additions to the portfolio.Looking back going forward
The LTGG Team look back on an extraordinary 12 months and discuss the growth prospects of the portfolio, the rapid development of vaccines and the importance of hold discipline.
Tax and 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.
Recent distributions
The below table shows the makeup of the most recent distributions paid.
| Series F | Series Z | |
|---|---|---|
| Income dividends | 0.06040 | 0.06371 |
| Capital gain | 0.82431 | 0.86953 |
| Total per share | 0.88471 | 0.93324 |
| Ex-dividend date | 31 Dec 2025 | 31 Dec 2025 |
| Pay date | 31 Dec 2025 | 31 Dec 2025 |
| Status | Final | Final |
Source: CIBC Mellon and Baillie Gifford & Co.
Upcoming distributions
The table below shows the proposed distribution dates for the current tax year. The dates can be changed by the Officers of the Funds.
Distribution year
2026
Record date
30 December 2026
Ex-dividend date
31 December 2026
Payable date
31 December 2026
Source: CIBC Mellon and Baillie Gifford & Co.