Overview
ISIN
GB0007873697SEDOL
0787369Investment proposition
Share price and charges
Price
552.00pNAV at fair
584.74pNAV at book
562.65pPremium (+) or discount (-) at fair
-5.6%Premium (+) or discount (-) at book
-1.9%Ongoing charges*
0.59%Fund facts
Active share
86%**
Fund launch date
1873
AIC Investment Sector
Global Equity Income
Benchmark
FTSE All-World Index
**Relative to FTSE All-World Index. Source: Baillie Gifford & Co, FTSE.
An income that grows ahead of inflation is valuable. Better still if that income is resilient through thick and thin. SAINTS has delivered annual dividend increases for over fifty years and we are wholly focussed on doing so in the future.
Meet the managers
Meet the directors
Property managers
Intermediary client contacts
If you’d like further information, please get in touch with the Intermediary Client Contact for your area.
Ratings
As at: 31 March 2026
Regulatory news announcements
Regulatory news announcements which are released to the London Stock Exchange can be accessed via their service.
The Association of Investment Companies
Further information on investment trusts and the investment trust sector can be found on The Association of Investment Companies website.
Risk Warnings
Risk Introduction
The investment trusts managed by Baillie Gifford & Co Limited are listed UK companies. The value of their shares, and any income from them, can fall as well as rise and investors may not get back the amount invested. The level of income is not guaranteed. The specific risks associated with the Trust include:
Currency
The Trust invests in overseas securities. Changes in the rates of exchange may also cause the value of your investment (and any income it may pay) to go down or up.
Emerging Markets
The Trust 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.
Gearing
The Trust can borrow money to make further investments (sometimes known as "gearing" or "leverage"). The risk is that when this money is repaid by the Trust, the value of the investments may not be enough to cover the borrowing and interest costs, and the Trust will make a loss. If the Trust's investments fall in value, any invested borrowings will increase the amount of this loss.
Liquidity
Values for securities which are difficult to trade may not be readily available and there can be no assurance that any value assigned to such securities will accurately reflect the price the Trust might receive upon their sale.
Derivatives
The Trust can make use of derivatives which may impact on its performance.
Property
The Trust has some direct property investments, which may be difficult to sell. Valuations of property are only estimates based on the valuer's opinion. These estimates may not be achieved when the property is sold.
Corporate Bond
Corporate bonds are generally perceived to carry a greater possibility of capital loss than investment in, for example, higher rated UK government bonds. Bonds issued by companies and governments may be adversely affected by changes in interest rates and expectations of inflation.
Premium Risk
Share prices may either be below (at a discount) or above (at a premium) the net asset value (NAV). The Trust may issue new shares when the price is at a premium which may reduce the share price. Shares bought at a premium may have a greater risk of loss than those bought at a discount.
Buy-backs
The Trust can buy back its own shares. The risks from borrowing, referred to above, are increased when a trust buys back its own shares.
Regulation of Investment Trusts
The Trust is listed on the London Stock Exchange and is not authorised or regulated by the Financial Conduct Authority.
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 Year | 3 Years | 5 Years | 10 Years | |
|---|---|---|---|---|
Share Price | 8.9% | 7.7% | 22.4% | 158.1% |
NAV | 8.2% | 17.5% | 39.7% | 200.1% |
Benchmark* | 29.2% | 61.1% | 73.0% | 258.3% |
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 | |
|---|---|---|---|---|---|
Share Price | 11.9% | 3.4% | 1.8% | 0.6% | 2.7% |
NAV | 14.8% | 8.0% | 9.4% | 1.5% | 1.5% |
Benchmark* | 12.8% | -0.9% | 21.0% | 5.5% | 18.0% |
Performance
As at: 30 April 2026
Source: Morningstar, FTSE.
Performance figures appear in GBP. Benchmark data is limited to a 5 year period from the current date.
The graph has been rebased to 100.
Discount/premium history at fair
As at: 30 April 2026
Source: Morningstar. Premium/Discount of share price to NAV at fair.
If the graph shows negative figures this means that the share price is lower than the NAV at fair – this is known as trading at a Discount.
If the graph shows positive figures this means that the share price is higher than the NAV at fair - this is known as trading at a Premium.
Active Share
As at: 30 April 2026
Relative to FTSE All-World Index. Source: Baillie Gifford & Co, FTSE.
Dividend Growth Vs Inflation
As at: 31 December 2024
Figures rebased to 100 at 31 December 2014.
Source: LSEG/Baillie Gifford & Co. The Consumer Price Index (CPI) is a measure of inflation that is used in the Government's target for inflation.
Long-term dividend record
No dividend reductions in the past eighty years

We have chosen to use a logarithmic scale for the dividend price to more clearly display the consistent level of dividend increase over the years.
Source: Scottish American Investment Trust Annual Reports, Baillie Gifford. Dividends are shown net of withholding taxes since 1973, when Advanced Corporation Tax was first introduced in the UK. Dividends from 1965-1973 are shown net of the 45% Corporation Tax introduced in the Finance Act of 1965. Dividends prior to 1965 are shown as if the Corporation Tax had existed before 1965, on a comparable basis.
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 | 4.3% |
| 2 | Apple | 3.2% |
| 3 | Microsoft | 2.6% |
| 4 | Analog Devices | 2.6% |
| 5 | Atlas Copco | 2.5% |
| 6 | Coca-Cola | 2.5% |
| 7 | Procter & Gamble | 2.5% |
| 8 | CME Group | 2.5% |
| 9 | Roche | 2.2% |
| 10 | Watsco | 2.1% |
Property portfolio
More detail on the property portfolio of the Scottish American Investment Company can be found within the annual report.
Insights
Key articles, videos and podcasts relating to the fund:
Filters
Insights

SAINTS spotlight: built for resilience
In a difficult quarter, it’s important to continue focusing on businesses built for the long term.
Trip notes: Cleveland, Ohio
In rust-belt USA, paint and coatings companies are the unsung heroes of growth.
SAINTS spotlight: patience bears fruit
AI optimism and rate moves shaped stock markets in 2025, but owning quality businesses matters most long term.
SAINTS spotlight: compounders weathering change
In a changing world, resilient compounders drive SAINTS’ long-term growth despite the market shifts and uncertainty.

SAINTS spotlight: built for resilience
In a difficult quarter, it’s important to continue focusing on businesses built for the long term.
Trip notes: Cleveland, Ohio
In rust-belt USA, paint and coatings companies are the unsung heroes of growth.
SAINTS spotlight: patience bears fruit
AI optimism and rate moves shaped stock markets in 2025, but owning quality businesses matters most long term.
SAINTS spotlight: compounders weathering change
In a changing world, resilient compounders drive SAINTS’ long-term growth despite the market shifts and uncertainty.
AGM and voting
When you invest in an investment trust you become a shareholder and have a say on how the Company is run. You also have a right to attend the Company's annual general meeting (AGM).
How to vote
The following link will take you through to The Association of Investment Trusts' (AIC) website where there is information on how to vote your shares if you hold them via one of the major platforms.
How to attend the AGM
If you hold your shares through a platform, it is not always obvious how to attend an AGM. The following link will take you through to The Association of Investment Trusts’ (AIC) website where there is information on how your platform can help you attend this important shareholder meeting. If you do not see your provider listed, please contact your provider directly and ask them to assist.
SAINTS corporate calendar
Our corporate calendar provides details of the regulatory events that occur over the year. This includes dates for reports, results, dividend payments and the AGM.
| Event | Month (each year) |
| Final results announced | February |
| Interim results announced | August |
| Financial year end date | 31 December |
| Annual general meeting | April |
| Dividends payable | April, June, September, December |
AGM
SAINTS annual general meeting (AGM) was held on Tuesday 8 April 2025. You can read a summary of the results of the voting on AGM resolutions here.
Voting
A breakdown of the votes cast by Baillie Gifford over the previous quarter on behalf of the investment trust is available in the Proxy voting disclosure.
Registrar
Computershare Investor Services PLC maintains the share register on behalf of the Company. Queries regarding shares registered in your own name can be directed to:
Computershare Investor Service PLC,
The Pavilions,
Bridgwater Road,
Bristol,
BS99 6ZZ
T: +44 (0)370 707 1282
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.






