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Baillie Gifford

Capital at risk

UK OEIC

Developed Asia Pacific Fund

Share class

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Overview

Fund objective

The Developed Asia Pacific Fund aims to outperform (after deduction of costs) the MSCI Pacific Index, as stated in sterling, over rolling five-year 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 Asia Pacific including Japan Sector.

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.

Investment proposition

The Fund aims to invest in an actively managed portfolio of Developed Asian stocks. We invest on a long-term (5 year) perspective, and have a strong preference for growth. The process is driven by rigorous, fundamental, bottom-up analysis directed at companies in Japan, Australia, New Zealand, Hong Kong and Singapore. (The Fund also invests in some Chinese businesses which are listed in Hong Kong and incorporated outside China.) This Fund lies within the Asia Pacific Including Japan sector. Unlike other funds within this sector, it does not have any holdings in emerging markets countries - this makes comparison with these funds less appropriate when returns are volatile.

Share price and charges

Share class

B, Inc

Price

648.50p

% change

0.97%

Yield

1.1%

Ex-dividend (XD)

X

Ongoing charges*

0.65%

Initial charge

0%

Minimum investment

£100,000

Minimum top up

£1,000

Key documents

Monthly factsheetQuarterly reportProspectusInterim reportAnnual reportValue Assessment

Our OEIC prices are generated on a daily basis by Baillie Gifford & Co. All OEICs operate on a forward dealing basis.

The yield shown above is a historic yield which reflects distributions declared over the past twelve months as a percentage of the mid-market price, as at the date shown. Where a share class has been in issue for less than a full financial year a forecast yield has been provided. The yield does not include any preliminary charge and investors may be subject to tax on distributions.

* The Ongoing Charge Figure (OCF) may vary from year to year and will exclude the costs of buying and selling assets for the Fund. The OCF is at the latest annual or interim period. 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. Where the share class has been launched during the financial period and / or expenses during the period are not representative, an estimate of expenses may have been used instead. 

This limit does not apply to those investing via a platform for which the relevant limit set by the platform will apply.

Key documents

Monthly factsheetQuarterly reportProspectusInterim reportAnnual reportValue Assessment

Fund facts

As at: 30 April 2026

Fund launch date

20 June 2001

Fund size

£49.82m

The Investment Association sector

Asia Pacific including Japan

Comparative Index

MSCI Pacific Index (in sterling)

Active share

78%**

Annual turnover

27%

Guideline number of holdings

30-50

Current number of holdings

47

Style

Growth

XD Date

Last day of April each year

Distribution

Last day of June each year

Pricing

Valuation point 10am daily, swinging single price

Fund settlement cycle

Trade date plus three business days (T+3)

**Relative to MSCI Pacific Index. Source: Baillie Gifford & Co, MSCI.

Meet the managers

Risk Warnings

Risk Introduction

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. The specific risks associated with the Fund include:

Custody

Custody of assets involves a risk of loss if a custodian becomes insolvent or breaches duties of care.

Concentration

The Fund's concentration in a particular geographical area or industry may result in large movements in the share price in the short term.

Foreign Currency

The Fund has exposure to foreign currencies and changes in the rates of exchange will cause the value of any investment, and income from it, to fall as well as rise and you may not get back the amount invested.

Volatility

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.

Further Information

Further details of the risks associated with investing in the Fund can be found in the Key Investor Information Document or the Prospectus, copies of which are available at bailliegifford.com.

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

Your location indicates you are based in Guernsey and you have confirmed that you are an intermediary. The information in the website is not intended for retail investors. Please select “Change” at the top of the page if this is not suitable for you.

This website is informative only and the information provided should not be considered as investment or other advice or a recommendation to buy, sell or hold a particular investment. Read our Legal and regulatory information for further details.

Contact us

Still have a question?  Please get in touch with us.

View our contact information

Fund performance

Periodic performance

As at: 30 April 2026

1 Month
3 Months
6 Months
1 Year
3 Years
5 Years
Class B-Acc
7.0%
2.4%
-1.6%
9.7%
3.2%
-2.0%
Index*
4.9%
4.3%
6.7%
26.9%
14.1%
8.5%
Sector Average**
7.9%
5.6%
8.6%
29.8%
11.0%
3.7%
Sector Ranking
7/11
9/11
11/11
10/11
10/11
9/9

Figures for 3 and 5 years are shown as the annualised rate of return. This is the average yearly return over the specified period.

Annual discrete performance

As at: 31 March 2026

31/03/2021 –
31/03/2022
31/03/2022 –
31/03/2023
31/03/2023 –
31/03/2024
31/03/2024 –
31/03/2025
31/03/2025 –
31/03/2026
Class B-Acc
-11.8%
-5.6%
2.4%
-3.2%
3.2%
Index*
1.9%
0.4%
15.3%
-1.2%
22.8%
Sector Average**
-6.3%
-2.9%
2.9%
0.8%
19.1%

Past performance is not a guide to future returns. The value of your investment may go down as well as up, and you may not get back the amount you invested.

Source: FE, Revolution, MSCI. Total return net of charges, in sterling.

Share class returns calculated using 10am prices, while the Index is calculated close-to-close.

*MSCI Pacific Index.

**IA Asia Pacific Including Japan Sector.

Important information

Your location indicates you are based in Guernsey and you have confirmed that you are an intermediary. The information in the website is not intended for retail investors. Please select “Change” at the top of the page if this is not suitable for you.

This website is informative only and the information provided should not be considered as investment or other advice or a recommendation to buy, sell or hold a particular investment. Read our Legal and regulatory information for further details.

Contact us

Still have a question?  Please get in touch with us.

View our contact information

Fund portfolio holdings

The list of top 10 holdings that this fund invests in.

As at: 30 April 2026

#Holding% of total assets
1Baillie Gifford Japanese Smaller Cos Fund5.7%
2United Overseas Bank5.0%
3SoftBank Group3.9%
4Tokyo Electron3.9%
5BHP Group3.8%
6Sony3.6%
7WHSP3.5%
8Fast Retailing3.4%
9Keyence3.3%
10Techtronic Industries2.9%
Full portfolio spreadsheet

Sector

As at: 30 April 2026

#
Sector
Fund %
Index % *
Difference %
1
Financials
23.7
26.4
-2.7
2
Industrials
18.1
21.0
-2.8
3
Information Technology
14.7
11.4
3.3
4
Consumer Discretionary
9.9
12.1
-2.2
5
Materials
8.2
7.2
1.0
6
Communication Services
7.8
5.5
2.3
7
Baillie Gifford Pooled Funds
5.7
0.0
5.7
8
Health Care
5.6
5.3
0.3
9
Consumer Staples
4.8
3.7
1.2
10
Energy
1.2
1.6
-0.4
11
Cash
0.2
0.0
0.2
Total
100.0
94.1

Top 10 geographical locations

As at: 30 April 2026

#
Top 10 locations
Fund %
Index % *
Difference %
1
Japan
68.8
68.8
0.0
2
Australia
14.8
19.9
-5.1
3
Hong Kong
7.7
6.0
1.7
4
Singapore
7.2
4.9
2.3
5
New Zealand
1.4
0.5
0.9
Total
99.8
100.0

As well as cash in the bank, this balance includes unsettled cash flows arising from both shareholder flows and outstanding trades. Therefore, a negative balance may arise from timing differences between shareholder flows and security trading, and does not necessarily represent a bank overdraft.

The information contained on this page is intended as a guide only and should not be relied upon when making investment decisions.  Source Baillie Gifford & Co.

Totals may not sum due to rounding.

*MSCI Pacific Index.

Quarterly transactions

Transactions for the three-month period ending 31 March 2026

New purchases

  • Kyoto Financial Group Inc
  • Reece Ltd
  • Santos Ltd

Complete sales

  • CyberAgent Inc
  • Sysmex Corp
  • Tencent

Important information

Your location indicates you are based in Guernsey and you have confirmed that you are an intermediary. The information in the website is not intended for retail investors. Please select “Change” at the top of the page if this is not suitable for you.

This website is informative only and the information provided should not be considered as investment or other advice or a recommendation to buy, sell or hold a particular investment. Read our Legal and regulatory information for further details.

Contact us

Still have a question?  Please get in touch with us.

View our contact information

Documents

You can access any literature about the Fund here.

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.

Contact us

Still have a question?  Please get in touch with us.

View our contact information

Important information

Your location indicates you are based in Guernsey and you have confirmed that you are an intermediary. The information in the website is not intended for retail investors. Please select “Change” at the top of the page if this is not suitable for you.

This website is informative only and the information provided should not be considered as investment or other advice or a recommendation to buy, sell or hold a particular investment. Read our Legal and regulatory information for further details.