1. Overview

    The Managed Fund aims to achieve capital growth over rolling five-year periods.

    The manager believes an appropriate comparison for this Fund is the Investment Association Mixed Investment 40 – 85% Shares sector median given the investment policy of the Fund and the approach taken by the manager when investing.

    Some things are timeless. For over 30 years we have developed a time-honoured approach that rises above passing trends.

    Performance & Portfolio

    Periodic Performance
    All figures to 31/03/2021
      6 Months 1 Year 3 Years 5 Years
    Class B-Acc 8.0% 46.4% 16.7% 15.6%
    Annual Discrete Performance figures 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 22.0% 6.3% 8.4% 0.2% 46.4%
    Sector Median*** 17.7% 1.4% 4.5% -7.8% 26.3%
    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.
    Sector data based on B-Acc share class performance.
    Performance source: FE, single pricing basis, total return.
    Returns reflect the annual charges but exclude any initial charge paid.
    ***IA Mixed Investment 40-85% Shares Sector.
    Performance - 31/03/2021
    The value of your investment may go down as well as up, and you may not get back the amount you invested.
    Sector data based on B-Acc share class performance.
    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.
    The graph is rebased to 100.
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    Top Ten Equity Holdings - 31/03/2021

    Fund %
    1 Shopify 1.4%
    2 Amazon.com 1.3%
    3 IMCD 1.2%
    4 Wayfair 1.1%
    5 BHP Group 1.0%
    6 Avanza Bank 1.0%
    7 Prosus N.V. 0.9%
    8 St. James's Place 0.9%
    9 The Trade Desk 0.9%
    10 ASML 0.8%
    Total 10.4%
    Fund %
    1 Shopify 1.4%
    2 Amazon.com 1.3%
    3 IMCD 1.2%
    4 Wayfair 1.1%
    5 BHP Group 1.0%
    6 Avanza Bank 1.0%
    7 Prosus N.V. 0.9%
    8 St. James's Place 0.9%
    9 The Trade Desk 0.9%
    10 ASML 0.8%
    Total 10.4%
    GEOGRAPHIC ANALYSIS OF TOTAL ASSETS - 31/03/2021
    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.
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    Meet the Managers

    Iain McCombie

    Iain is the lead manager of our UK Core strategy. He is also a member of the Global Stewardship Portfolio Construction Group (PCG). Most recently, Iain served as Chief of Investment Staff from 2013 to 2018 and became a Partner of the firm in 2005. He initially joined Baillie Gifford in 1994 and spent five years training as an Investment Manager in the US Equities Team before joining the UK Equity Team in 1999. Iain graduated MA in Accountancy from the University of Aberdeen and subsequently trained as a Chartered Accountant.

    Steven Hay

    Steven joined Baillie Gifford in 2004 and is Head of the Income Research Team. Prior to joining Baillie Gifford, Steven was a Fixed Income Investment Manager with Scottish Widows. His experience includes seven years undertaking analysis and research for the Bank of England’s Monetary Policy Committee, and involvement in managing the UK’s foreign exchange reserves. Steven graduated BAcc (Hons) in Economics and Accountancy from the University of Glasgow in 1992 and MSc in Economics from the University of Warwick in 1993.

    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.