Overview
Fund objective
The Long Term Global Growth Investment Fund aims to outperform (after deduction of costs) the MSCI ACWI 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 Global 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
Share price and charges
Share class
B, AccPrice
1337.00p% change
-1.11%Yield
0.0%Ex-dividend (XD)
NOngoing charges*
0.64%Initial charge
0%Minimum investment
£100,000Minimum top up
£1,000Fund facts
Fund launch date
10 April 2017
Fund size
£1,333.94m
The Investment Association sector
Global
Comparative Index
MSCI ACWI Index from 30 June 2023, previously FTSE All World Index
Active share
88%**
Annual turnover
13%
Guideline number of holdings
30-60
Current number of holdings
38
Style
Growth
XD Date
31 December each year
Distribution
28 February each year
Pricing
Valuation point 10am daily, swinging single price
Fund settlement cycle
Trade date plus two business days (T+2)
**Relative to MSCI ACWI. 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, particularly in emerging markets, involves a risk of loss if a custodian becomes insolvent or breaches duties of care.
Emerging Markets
The Fund invests in emerging markets, which includes China, where difficulties with market volatility, political and economic instability including the risk of market shutdown, trading, liquidity, settlement, corporate governance, regulation, legislation and taxation could arise, resulting in a negative impact on the value of your investment.
Concentration
The Fund's concentrated portfolio relative to similar funds 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 NURS-Key Investor Information Document or the Prospectus, copies of which are available at bailliegifford.com.
Index disclaimer
Important information
Your location indicates you are based in Jersey 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.
Fund performance
Periodic performance
As at: 30 April 2026
1 Month | 3 Months | 6 Months | 1 Year | 3 Years | 5 Years | |
|---|---|---|---|---|---|---|
Class B-Acc | 7.5% | -6.8% | -19.1% | 6.1% | 13.8% | -0.5% |
Index* | 7.0% | 4.7% | 4.4% | 29.3% | 17.2% | 11.6% |
Sector Average** | 6.7% | 2.8% | 2.7% | 23.3% | 12.2% | 7.4% |
Sector Ranking | 214/588 | 582/585 | 579/580 | 511/571 | 208/500 | 416/439 |
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 | -10.3% | -16.7% | 26.9% | 5.9% | -2.3% |
Index* | 12.8% | -0.9% | 21.1% | 5.3% | 18.0% |
Sector Average** | 8.4% | -2.7% | 16.7% | -0.3% | 13.4% |
Important information
Your location indicates you are based in Jersey 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.
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 | 8.1% |
| 2 | NVIDIA | 7.2% |
| 3 | ASML | 6.2% |
| 4 | TSMC | 5.3% |
| 5 | AppLovin | 4.6% |
| 6 | Cloudflare | 4.5% |
| 7 | Tencent | 3.3% |
| 8 | Nu Holdings | 3.2% |
| 9 | CATL | 3.1% |
| 10 | PDD Holdings | 2.9% |
Sector
As at: 30 April 2026
# | Sector | Fund % | Index % * | Difference % |
|---|---|---|---|---|
| 1 | Information Technology | 33.4 | 28.7 | 4.7 |
| 2 | Consumer Discretionary | 28.4 | 9.3 | 19.1 |
| 3 | Communication Services | 11.7 | 8.8 | 2.9 |
| 4 | Industrials | 11.1 | 11.3 | -0.1 |
| 5 | Health Care | 6.0 | 8.1 | -2.0 |
| 6 | Financials | 5.7 | 16.4 | -10.7 |
| 7 | Consumer Staples | 2.7 | 5.1 | -2.4 |
| 8 | Cash | 1.0 | 0.0 | 1.0 |
Total | 100.0 | 87.6 |
Top 10 geographical locations
As at: 30 April 2026
# | Top 10 locations | Fund % | Index % * | Difference % |
|---|---|---|---|---|
| 1 | United States | 47.2 | 63.4 | -16.2 |
| 2 | China | 16.1 | 2.7 | 13.4 |
| 3 | Netherlands | 8.6 | 1.2 | 7.5 |
| 4 | Brazil | 6.1 | 0.6 | 5.6 |
| 5 | Taiwan | 5.3 | 2.9 | 2.3 |
| 6 | Sweden | 2.8 | 0.8 | 2.0 |
| 7 | India | 2.6 | 1.4 | 1.2 |
| 8 | Canada | 2.3 | 3.1 | -0.8 |
| 9 | Singapore | 2.2 | 0.4 | 1.9 |
| 10 | France | 2.1 | 2.2 | -0.1 |
Total | 95.3 | 78.6 |
Region
As at: 30 April 2026
# | Region | Fund % | Index % * | Difference % |
|---|---|---|---|---|
| 1 | North America | 49.5 | 66.5 | -17.0 |
| 2 | Emerging Markets | 34.4 | 11.8 | 22.7 |
| 3 | Europe (ex UK) | 15.1 | 11.2 | 3.9 |
| 4 | Pacific ex Japan | 0.0 | 2.3 | -2.3 |
| 5 | UK | 0.0 | 3.2 | -3.2 |
| 6 | Japan | 0.0 | 5.0 | -5.0 |
| 7 | Cash | 1.0 | 0.0 | 1.0 |
Total | 100.0 | 100.0 |
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
Important information
Your location indicates you are based in Jersey 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.
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.
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.
LTGG Reflections: Cloudflare
How Cloudflare evolved from internet security to AI gatekeeper, controlling content access and reshaping digital economics.
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.
LTGG Reflections: Listening beats forecasting
Why we value curiosity over certainty: recent lessons from the road
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.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.LTGG Reflections: Cloudflare
How Cloudflare evolved from internet security to AI gatekeeper, controlling content access and reshaping digital economics.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.LTGG Reflections: Listening beats forecasting
Why we value curiosity over certainty: recent lessons from the road
Important information
Your location indicates you are based in Jersey 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.
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.
Important information
Your location indicates you are based in Jersey 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.