Overview
Investment proposition
Share price and charges
Share class
B, Acc, USDNAV per share
39.88% change
0.09%Ongoing charges*
0.68%Initial charge
0%Fund facts
Current number of holdings
38
Guideline number of holdings
30-60
Benchmark
MSCI ACWI Index
Active share
89%**
Annual turnover
15%
Fund launch date
10 August 2016
Style
Long-term, bottom-up focus on stocks with very high growth rates
Fund Settlement Cycle
Trade date plus two business days (T+2)
Fund size calculated using base currency in US dollars and converted into listed currencies. **Relative to MSCI ACWI Index. Source: Baillie Gifford & Co, MSCI.
Meet the managers
Risks
General Investment Risk
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.
Environmental, Social and Governance
The Fund's approach to Environmental, Social and Governance (ESG) means it cannot invest in certain sectors and companies. The universe of available investments will be more limited than other funds that do not apply such criteria/ exclusions, therefore the Fund may have different returns than a fund which has no such restrictions. Data used to apply the criteria may be provided by third party sources and is based on backward-looking analysis and the subjective nature of non-financial criteria means a wide variety of outcomes are possible. There is a risk that data provided may not adequately address the underlying detail around material non-financial considerations. Please consider all of the characteristics and objectives of the fund as described in the Key Information Document (KID) and prospectus before making a decision to invest in the Fund. For more information on how sustainability issues, such as climate change are considered, see bailliegifford.com.
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 Details
Further details of the risks associated with investing in the Fund can be found in the Key Information Document (KID), or the Prospectus. Copies of both the KID and Prospectus are available at bailliegifford.com.
Definitions
Active Share - A measure of the Fund's overlap with the benchmark. An active share of 100 indicates no overlap with the benchmark and an active share of zero indicates a portfolio that tracks the benchmark.
Index disclaimer
Complaints
In the first instance, clients should contact their normal Client Contact with any concerns. Alternatively, or for those clients who do not have a direct client contact assigned, complaints can be emailed to Baillie Gifford’s Compliance Department at: InstitutionalComplaints@bailliegifford.com.
A summary document which contains details on Baillie Gifford’s complaints management policy is available upon request. All material complaints are recorded in an in-house incident management system and are escalated to, and dealt with by, members of staff of suitable seniority, independent of the area from which the matter arose.
Fund performance
Fund portfolio holdings
The list of top 10 holdings that this fund invests in.
As at: 30 June 2026
| # | Holding | % of total assets |
|---|---|---|
| 1 | ASML | 7.7% |
| 2 | Amazon.com | 6.5% |
| 3 | NVIDIA | 6.5% |
| 4 | TSMC | 5.3% |
| 5 | AppLovin | 5.0% |
| 6 | Cloudflare | 4.8% |
| 7 | Tencent | 3.2% |
| 8 | Nu Holdings | 3.1% |
| 9 | Spotify | 2.9% |
| 10 | CATL | 2.9% |
Sector
As at: 30 June 2026
# | Sector | Fund % | Index % * | Difference % |
|---|---|---|---|---|
| 1 | Information Technology | 34.9 | 32.1 | 2.8 |
| 2 | Consumer Discretionary | 25.8 | 8.7 | 17.1 |
| 3 | Communication Services | 11.9 | 7.8 | 4.1 |
| 4 | Industrials | 11.2 | 11.0 | 0.1 |
| 5 | Health Care | 6.1 | 8.3 | -2.1 |
| 6 | Financials | 5.2 | 16.2 | -10.9 |
| 7 | Consumer Staples | 2.7 | 4.7 | -2.0 |
| 8 | Cash | 2.1 | 0.0 | 2.1 |
Total | 100.0 | 88.8 |
Geographical location
As at: 30 June 2026
# | Top 10 locations | Fund % | Index % * | Difference % |
|---|---|---|---|---|
| 1 | United States | 47.1 | 63.6 | -16.6 |
| 2 | China | 14.2 | 2.3 | 11.9 |
| 3 | Netherlands | 9.8 | 1.4 | 8.4 |
| 4 | Brazil | 6.0 | 0.5 | 5.5 |
| 5 | Taiwan | 5.3 | 3.3 | 2.0 |
| 6 | Sweden | 2.9 | 0.7 | 2.2 |
| 7 | India | 2.8 | 1.4 | 1.5 |
| 8 | Singapore | 2.6 | 0.4 | 2.3 |
| 9 | Canada | 2.2 | 2.9 | -0.7 |
| 10 | France | 2.1 | 2.1 | 0.0 |
Total | 95.0 | 78.6 |
Regional analysis
As at: 30 June 2026
# | Region | Fund % | Index % * | Difference % |
|---|---|---|---|---|
| 1 | North America | 49.3 | 66.6 | -17.3 |
| 2 | Emerging Markets | 32.2 | 12.1 | 20.1 |
| 3 | Europe (ex UK) | 16.4 | 11.1 | 5.2 |
| 4 | Pacific ex Japan | 0.0 | 2.1 | -2.1 |
| 5 | UK | 0.0 | 3.0 | -3.0 |
| 6 | Japan | 0.0 | 5.0 | -5.0 |
| 7 | Cash | 2.1 | 0.0 | 2.1 |
Total | 100.0 | 100.0 |
Quarterly transactions
Transactions for the three-month period ending 30 June 2026
New purchases
- QXO
Complete sales
- Atlassian Corp Plc
Additions
- Adyen NV
- CATL 'A'
Reductions
- Coupang
- Rocket Lab Corp
Insights
Key articles, videos and podcasts relating to the fund:
Filters
Insights
SpaceX: the economics of the impossible
Why SpaceX challenges conventional valuation as new space markets take shape.
Long Term Global Growth Q2 update
Investment specialist Diana Philip reflects on recent performance, portfolio changes and market developments.
Looking through the tidal race
LTGG reflects on market turbulence, compressed valuations and why it is well-placed for changing conditions.
Investing on the right side of change
Why unlocking exceptional returns from innovation calls for patient stock-picking.
Optimising for optimism: how LTGG finds tomorrow’s outliers
How LTGG’s disciplined optimism uncovers tomorrow's exceptional companies.
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.
Amazon: Stock Story
Jon Henry gives three key reasons why tech giant Amazon remains a special investment.
Fairytales and fundamentals revisited
Jonny Greenhill on Long Term Global Growth’s patient approach to backing transformative companies.
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.
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.
SpaceX: the economics of the impossible
Why SpaceX challenges conventional valuation as new space markets take shape.Long Term Global Growth Q2 update
Investment specialist Diana Philip reflects on recent performance, portfolio changes and market developments.Looking through the tidal race
LTGG reflects on market turbulence, compressed valuations and why it is well-placed for changing conditions.Investing on the right side of change
Why unlocking exceptional returns from innovation calls for patient stock-picking.Optimising for optimism: how LTGG finds tomorrow’s outliers
How LTGG’s disciplined optimism uncovers tomorrow's exceptional companies.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.Amazon: Stock Story
Jon Henry gives three key reasons why tech giant Amazon remains a special investment.Fairytales and fundamentals revisited
Jonny Greenhill on Long Term Global Growth’s patient approach to backing transformative companies.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.LTGG Reflections: Listening beats forecasting
Why we value curiosity over certainty: recent lessons from the road
How to invest
You can invest in our funds through a wide range of investment platforms. If your preferred platform does not currently offer our funds, they may be made available upon request by contacting the platform directly.
Baillie Gifford does not sponsor, maintain, or have any control over the content of any other websites. Therefore, we are not responsible for the adequacy or accuracy of any of the information you may view, nor do we undertake to ensure successful transmission to any linked website.
Documents
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.