Overview
Fund objective
To achieve (after deduction of costs) growth in both income and capital over rolling five-year periods, whilst delivering a yield higher than that of the MSCI ACWI Index 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 Equity Income 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, IncPrice
175.50p% change
-0.57%Yield
2.2%Ex-dividend (XD)
XOngoing charges*
0.53%Initial charge
0%Minimum investment
£100,000Minimum top up
£1,000Sustainability label
Sustainable investment labels help investors find products that have a specific sustainability goal. This product does not have a UK sustainable investment label. This product promotes environmental and/or social characteristics but does not meet the requirements to adopt a label. More details can be found in the product’s SDR Sustainability-related Disclosure Document found within the documents section of the website.
Fund facts
Fund launch date
6 December 2018
Fund size
£985.67m
The Investment Association sector
Global Equity Income
Comparative Index
MSCI ACWI Index
Active share
85%**
Annual turnover
15%
Guideline number of holdings
50-80
Current number of holdings
53
Style
Income
XD Date
Last day of January, April, July and October each year
Distribution
Last day of March, June, September and December each year
Pricing
Valuation point 10am daily, swinging single price
Fund settlement cycle
Trade date plus three business days (T+3)
**Relative to MSCI ACWI 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, 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.
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.
Fees to Capital
The manager can charge some, or all, expenses to the Fund’s capital, reducing its value. This amount can vary from year to year.
Environmental, Social and Governance
The Fund invests according to responsible investment criteria and with reference to the ten principles of the United Nations Global Compact for business. This means the Fund will not invest in certain sectors and companies and, therefore, the universe of available investments will be more limited than other funds that do not apply such criteria/ exclusions. The Fund therefore may have different returns than a fund which has no such restrictions.
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
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-Inc | 6.5% | 1.3% | 2.1% | 8.5% | 5.3% | 6.3% |
Index* | 7.0% | 4.7% | 4.4% | 29.3% | 17.2% | 11.6% |
Sector Average** | 4.6% | 3.1% | 5.5% | 19.8% | 11.4% | 9.2% |
Sector Ranking | 15/57 | 49/57 | 44/57 | 48/56 | 46/53 | 39/47 |
Figures for 3 years and Since Inception 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-Inc | 15.7% | 3.9% | 12.8% | -1.0% | 0.2% |
Index* | 12.9% | -0.9% | 21.2% | 5.3% | 18.0% |
Sector Average** | 11.8% | 2.3% | 13.3% | 4.8% | 12.3% |
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 | TSMC | 5.6% |
| 2 | Apple | 4.2% |
| 3 | Analog Devices | 3.6% |
| 4 | Microsoft | 3.4% |
| 5 | Procter & Gamble | 3.2% |
| 6 | CME Group | 3.1% |
| 7 | Watsco | 3.1% |
| 8 | Atlas Copco | 2.9% |
| 9 | Roche | 2.7% |
| 10 | Deutsche Börse | 2.7% |
Sector
As at: 30 April 2026
# | Sector | Fund % | Index % * | Difference % |
|---|---|---|---|---|
| 1 | Information Technology | 25.4 | 28.7 | -3.3 |
| 2 | Financials | 21.1 | 16.4 | 4.7 |
| 3 | Industrials | 17.1 | 11.3 | 5.8 |
| 4 | Consumer Staples | 10.9 | 5.1 | 5.8 |
| 5 | Consumer Discretionary | 10.2 | 9.3 | 0.9 |
| 6 | Health Care | 7.7 | 8.1 | -0.4 |
| 7 | Communication Services | 4.9 | 8.8 | -3.9 |
| 8 | Materials | 1.9 | 3.8 | -2.0 |
| 9 | Utilities | 0.9 | 2.7 | -1.8 |
| 10 | Cash | 0.0 | 0.0 | 0.0 |
Total | 100.0 | 94.1 |
Top 10 geographical locations
As at: 30 April 2026
# | Top 10 locations | Fund % | Index % * | Difference % |
|---|---|---|---|---|
| 1 | United States | 44.5 | 63.4 | -19.0 |
| 2 | Taiwan | 6.9 | 2.9 | 4.0 |
| 3 | Switzerland | 6.6 | 2.0 | 4.6 |
| 4 | France | 6.1 | 2.2 | 3.9 |
| 5 | Sweden | 5.4 | 0.8 | 4.6 |
| 6 | UK | 4.5 | 3.2 | 1.3 |
| 7 | China | 3.6 | 2.7 | 0.9 |
| 8 | Germany | 3.2 | 2.0 | 1.2 |
| 9 | Hong Kong | 2.5 | 0.4 | 2.1 |
| 10 | Denmark | 2.4 | 0.4 | 2.0 |
Total | 85.7 | 80.1 |
Region
As at: 30 April 2026
# | Region | Fund % | Index % * | Difference % |
|---|---|---|---|---|
| 1 | North America | 44.5 | 66.5 | -22.0 |
| 2 | Europe (ex UK) | 29.6 | 11.2 | 18.4 |
| 3 | Emerging Markets | 13.5 | 11.8 | 1.7 |
| 4 | Developed Asia Pacific | 8.0 | 7.3 | 0.7 |
| 5 | UK | 4.5 | 3.2 | 1.3 |
| 6 | Cash | 0.0 | 0.0 | 0.0 |
Total | 100.0 | 100.0 |
Quarterly transactions
Transactions for the three-month period ending 31 March 2026
Complete sales
- Kuehne & Nagel
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:
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Insights
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.