GLOBAL INCOME GROWTH FUNDGLOBAL INCOME GROWTH FUND
The Global Income Growth Fund aims 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. 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.
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.
Our Global Income Growth Fund invests in companies which have durable competitive advantages and attractive growth opportunities.
Performance & PortfolioPeriodic PerformanceAll figures to 31/03/2021
6 Months 1 Year 3 Years 5 Years Class B-Inc 7.2% 33.4% 12.8% 13.6% Target Benchmark** 12.6% 39.6% 13.3% 14.7%Annual Discrete Performance figures to 31 March each yearAnnual percentage return (Updated Quarterly) 31/03/2016
Class B-Inc 28.5% 2.5% 9.7% -1.8% 33.4% Target Benchmark** 33.0% 2.9% 11.1% -6.2% 39.6% Sector Average*** 25.4% -1.4% 8.5% -9.8% 32.0%Please bear in mind that past performance is not a guide to future performance.
The value of your investment may go down as well as up, and you may not get back the amount you invested.
Performance source: FE and relevant underlying index provider, single pricing basis, total return.
Returns reflect the annual charges but exclude any initial charge paid.
**MSCI ACWI Index.
***IA Global Equity Income Sector.Performance - 31/03/2021The value of your investment may go down as well as up, and you may not get back the amount you invested.
*FTSE All World Index (25% FTSE All Share / 75% FTSE All World ex UK prior to 31 May 2012).
Source: FE and relevant underlying index provider(s), single pricing basis, total return.
Please bear in mind that past performance is not a guide to future performance.
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Top Ten Holdings - 31/03/2021
Fund % 1 TSMC 3.8% 2 United Parcel Service 3.5% 3 Fastenal 3.1% 4 Sonic Healthcare 3.0% 5 Procter & Gamble 2.9% 6 Microsoft 2.9% 7 Anta Sports Products 2.9% 8 Admiral Group 2.8% 9 Roche 2.8% 10 Partners 2.7% Total 30.3% Fund % 1 TSMC 3.8% 2 United Parcel Service 3.5% 3 Fastenal 3.1% 4 Sonic Healthcare 3.0% 5 Procter & Gamble 2.9% 6 Microsoft 2.9% 7 Anta Sports Products 2.9% 8 Admiral Group 2.8% 9 Roche 2.8% 10 Partners 2.7% Total 30.3%Sector Analysis of Total Assets - 31/03/2021Cash - this figure excludes revenue cash.
As the Fund invests in overseas securities, changes in the rates of exchange may cause the value of your investment (and any income it may pay) to go down or up.
The information contained on this page is intended as a guide only and should not be relied upon when making investment decisions. All holdings information is unaudited. Source Baillie Gifford & Co.
Please note that totals may not add due to rounding.Unfortunately we were unable to load the chart. Please try again later.
InsightsAll InsightsMarch 2021
Highlights Video: Beyond The Great Dividend Crisis.
In this recording, Investment Specialist Seb Petit highlights the main takeaways from a recent webinar with James Dow and Toby Ross, co-heads of the Global Income Growth Team. Dow and Ross outline how a long-term approach and a growth mindset helped them navigate the great dividend crisis of 2020.February 2021
Beyond The Great Dividend Crisis.
In this webinar recording, client director Seb Petit talks to James Dow and Toby Ross, co-heads of the Global Income Growth Team. Dow and Ross outline how a long-term approach and a growth mindset helped them navigate the great dividend crisis of 2020.July 2020
Tomorrow’s Income Aristocrats.
Income investing has been shaken by the coronavirus, but how will this affect the dividend payers of the future? Baillie Gifford investment manager James Dow gives us a glimpse of the potential star performers of tomorrow.July 2020
Navigating the Great Dividend Crisis.
Co-head of the Baillie Gifford Equity Income Team James Dow delivers a webinar giving insight into his thoughts on how investors can navigate the current global dividend crisis.May 2020
Actual Income - The Great Dividend Crisis.
James Dow argues that dividend investors should avoid traditional high-yielding stocks and instead, look ahead to the global, high-growth companies likely to be big providers of the future.April 2020
The Great Dividend Crisis.
The old order of dividend-paying companies has been overthrown by the coronavirus pandemic. The task now, writes James Dow, the co-head of Bailie Gifford’s equity income strategies, is to take a long hard look at the potential winners of the future.Fourth Quarter 2019
Watsco - A Cool Investment.
Investment manager Toby Ross discusses recent investment, Watsco.Third Quarter 2019
Engaging on… Responsible Taxation.
Toby Ross on how we engage on responsible taxation.ARCHIVEDFourth Quarter 2018
Income Through a Growth Lens.
Toby Ross shows how Baillie Gifford’s growth approach to income investing, starts from a very different philosophical position compared with our peers. Take a look from a different angle.ARCHIVEDFourth Quarter 2017
Going Global for Income and Growth.
While equities offer the income-seeking investor scope for both income and growth, investing in the domestic equity market may not be the answer for UK investors. Instead, portfolio managers Toby Ross and James Dow cast their net globally, seeking out the resilient, growing businesses that they think will deliver a diversified, dependable income stream over time.
Meet the Managers
James was appointed Co-Head of the Global Income Growth Team and Co-Manager of The Scottish American Investment Company PLC (SAINTS) in 2017. He joined Baillie Gifford in 2004 on the Graduate Scheme and became an Investment Manager in our US Equities team. Previously, James spent three years working at The Scotsman newspaper, where he was the Economics Editor. He is a CFA Charterholder, graduated MA (Hons) in Economics-Philosophy from the University of St Andrews in 2000 and MSc in Development Studies from the London School of Economics in 2001.
Toby joined Baillie Gifford in 2006 and is Co-Head of the Global Income Growth Team and Joint Manager of The Scottish American Investment Company PLC (SAINTS). He has also been a member of the International Alpha Portfolio Construction Group since 2018. Since joining Baillie Gifford, Toby has also spent time as an Investment Analyst in the UK Equity Team and as a Global Sector Specialist. He graduated MA in English Literature from the University of Cambridge in 2006 and is a CFA Charterholder.
You can access any literature about the Fund here, either by downloading or requesting a copy by post (where available). Please note that, due to current government restrictions, we have a limited number of staff in our office. As a result, if posting instructions to us, there may be a delay in processing these due to these current restrictions.
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.
Bulletins and Factsheets
Enhanced Disclosure Document
Key Investor Information Documents
Philosophy and Process Documents
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: [email protected]. 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.