1. LONG TERM GLOBAL GROWTH INVESTMENT FUND
    LONG TERM GLOBAL GROWTH INVESTMENT FUND

    Overview

    The Long Term Global Growth Investment Fund aims to outperform (after deduction of costs) the FTSE All World Index, as stated in Sterling, by at least 2.5% per annum over rolling five-year periods. 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 Sector.

    At Baillie Gifford, we ask ourselves one important question: ‘Where are the most exciting investment opportunities over the long term going to be?

    Performance & Portfolio

    Periodic Performance
    All figures to 31/03/2021
      6 Months 1 Year 3 Years Since Inception
    Class B-Acc 7.5% 78.5% 35.4% 32.1%
    Index* 12.7% 39.6% 13.1% 10.5%
    Target Benchmark** 14.1% 43.1% 16.0% 13.2%
    Annual Discrete Performance to 31 March each year
    Annual percentage return (Updated Quarterly)
      31/03/2016
    31/03/2017
    31/03/2017
    31/03/2018
    31/03/2018
    31/03/2019
    31/03/2019
    31/03/2020
    31/03/2020
    31/03/2021
    Class B-Acc n/a n/a 17.4% 18.5% 78.5%
    Index* n/a n/a 10.7% -6.2% 39.6%
    Target Benchmark** n/a n/a 13.5% -3.9% 43.1%
    Sector Average*** n/a n/a 9.0% -6.0% 40.6%
    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.
    *FTSE All-World Index.
    **FTSE All-World Index +2.5%.
    ***IA Global Sector.
    Performance - 31/03/2021
    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.
    Source: FE and relevant underlying index provider, single pricing basis, total return.
    The graph is rebased to 100.
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    Top Ten Holdings - 31/03/2021

    Fund %
    1 Tencent 5.7%
    2 Amazon.com 5.5%
    3 Meituan Dianping 5.2%
    4 Alibaba 5.0%
    5 Tesla Inc 4.9%
    6 Pinduoduo 4.6%
    7 Illumina 4.2%
    8 ASML 3.7%
    9 Kering 3.6%
    10 Netflix 3.4%
    Total 45.8%
    Fund %
    1 Tencent 5.7%
    2 Amazon.com 5.5%
    3 Meituan Dianping 5.2%
    4 Alibaba 5.0%
    5 Tesla Inc 4.9%
    6 Pinduoduo 4.6%
    7 Illumina 4.2%
    8 ASML 3.7%
    9 Kering 3.6%
    10 Netflix 3.4%
    Total 45.8%
    Geographic Analysis of Total Assets 31/03/2021
    Total may not sum due to rounding.
    Unfortunately we were unable to load the chart. Please try again later.

    Meet the Managers

    Mark Urquhart

    Mark is a Senior Investment Manager in our Long Term Global Growth Team, a strategy which he co-founded in 2003. Mark joined Baillie Gifford in 1996, initially working as an Investment Analyst and Manager in the US, UK and Japanese Equities Teams. He became a Partner in 2004. Mark graduated BA in Philosophy, Politics and Economics from the University of Oxford in 1992 and spent a year at Harvard as a Kennedy Scholar in 1993 before completing a PhD in Politics at the University of Edinburgh in 1996.

    Tom Slater - Manager

    Tom is Head of the US Equities Team and is a Decision Maker on Long Term Global Growth Portfolios. He joined Baillie Gifford in 2000 and became a Partner of the firm in 2012. After serving as Deputy Manager for five years, Tom was appointed Joint Manager of Scottish Mortgage Investment Trust in 2015. During his time at Baillie Gifford he has also worked in the Developed Asia and UK Equity Teams. Tom’s investment interest is focused on high growth companies both in listed equity markets and as an investor in private companies. He graduated BSc in Computer Science with Mathematics from the University of Edinburgh in 2000.

    Documents

    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.

    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: [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.