1. Overview

    The Diversified Growth Fund aims to achieve (after deduction of costs): an annualised return over rolling five-year periods that is at least 3.5% more than UK Base Rate, a positive return over rolling three-year periods and annualised volatility of returns over rolling five-year periods that is below 10%. There is no guarantee that a positive return will be achieved over rolling three-year periods, or any time period, and capital may be at risk.

    The manager believes this is an appropriate benchmark given the investment policy of the Fund and the approach taken by the manager when investing.

    Our investment approach embraces the concept of diversification by investing actively across a very broad range of asset classes to deliver capital growth with low volatility.

    Holdings - 31/05/2022

    Fund %
    1 Baillie Gifford Global Income Growth Fund 6.6%
    2 Baillie Gifford Long Term Global Growth Investment Fund 4.6%
    3 Baillie Gifford Global Alpha Growth Fund 3.7%
    4 Citigroup Volatility Carry ETN (c) 3.3%
    5 Baillie Gifford Emerging Markets Bond Fund 3.2%
    6 UBS CSI 500 NTR index + 7.05% ETN (c) 2.6%
    7 Plutus CLO Fund 2.6%
    8 Baillie Gifford Cyclical Recovery Equity 2.4%
    9 BAML Commodity Carry ETN (c) 2.4%
    10 Blackrock Asian High Yield Bond Fund 2.0%
    Total 33.4%
    SECTOR ANALYSIS OF TOTAL ASSETS - 31/05/2022

    Fund %

    • 1 Listed Equities 23.53
    • 2 Private Equity 0.00
    • 3 Property 7.94
    • 4 High Yield Credit 7.62
    • 5 Investment Grade Bonds 1.03
    • 6 Structured Finance 5.66
    • 7 Commodities 3.20
    • 8 Emerging Market Bonds Local Currency 3.20
    • 9 Emerging Market Bonds Hard Currency 1.86
    • 10 Infrastructure 22.14
    • 11 Government Bonds 4.74
    • 12 Absolute Return 12.52
    • 13 Insurance Linked 1.39
    • 14 Special Opportunities 0.19
    • 15 Active Currency 0.40
    • 16 Cash and Equivalents 4.57
    • Total 100.0

    Meet the Managers

    James Squires

    James is Head of the Multi Asset Team and a member of the Investment Risk Committee. He became a Partner in 2018. James joined Baillie Gifford in 2006, initially working in our North American Equity and Fixed Income Teams. He has been a CFA Charterholder since 2010 and graduated BA in Mathematics and Philosophy from the University of Oxford in 2005.

    Felix Amoako-Kwarteng

    Felix joined Baillie Gifford in 2011 and is an Investment Manager in the Multi Asset Team. He is a CFA Charterholder. Felix graduated BComm in Accounting from University of Cape Coast, Ghana in 2008 and MSc in Investment Analysis from the University of Stirling in 2010.

    Scott Lothian

    Scott joined Baillie Gifford in 2015 and is an Investment Manager in the Multi Asset Team. Prior to joining Baillie Gifford, he worked for Schroders in London, BEA Union in Hong Kong and Towers Watson. Scott graduated BSc in Actuarial Mathematics and Statistics from Heriot-Watt University in 1999. He is a Fellow of the Institute and Faculty of Actuaries.

    Nicoleta Dumitru

    Nicoleta joined Baillie Gifford in 2013 and is an Investment Manager in the Multi Asset Team. In 2018, she joined the Multi Asset Income Portfolio Construction Group (PCG). Nicoleta graduated BSc (Hons) in Management and Marketing from the University of Manchester in 2013.  

    Documents

    You can access any literature about the Fund here, either by downloading or requesting a copy by post (where available). 

    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.

    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.