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 30/04/2025 6 Months
1 Year
3 Years
5 Years
Class B-Acc -0.2% 4.5% 3.4% 4.5% Sector Median*** 0.0% 0.0% 0.0% 0.0% Sector Ranking 61/225 58/221 105/199 139/174 Figures for 3 and 5 years are shown as the annualised rate of return. This is the average yearly return over the specified period.
Annual discrete performance 31 March each year
Annual percentage return (Updated Quarterly) 31/03/2020
31/03/202131/03/2021
31/03/202231/03/2022
31/03/202331/03/2023
31/03/202431/03/2024
31/03/2025Class B-Acc 46.4% -8.2% -8.5% 10.2% 1.9% Sector Median*** 26.3% 5.4% -4.3% 10.2% 3.6% Please bear in mind that past performance is not a guide to future returns. The value of your investment may go down as well as up, and you may not get back the amount you invested.
Source: FE. Total return net of charges, in sterling.
Share class returns calculated using 10am prices.
*IA Mixed Investment 40-85% Shares Sector.
Top ten equity holdings 30/04/2025
Fund % 1 Amazon.com 1.2% 2 Netflix 1.2% 3 DSV 1.1% 4 TSMC 1.1% 5 Meta Platforms 1.1% 6 DoorDash 1.0% 7 Cloudflare 0.9% 8 Shopify 0.9% 9 Kingspan Group 0.9% 10 Tencent 0.9% Total 10.3% Geographic analysis of total assets 30/04/2025Fund %
- 1 UK 19.56
- 2 Europe (ex UK) 19.33
- 3 North America 15.92
- 4 Overseas Bonds 14.02
- 5 Developed Asia Pacific 11.38
- 6 Emerging Markets 8.71
- 7 UK Bonds 8.59
- 8 Index Linked 0.44
- 9 Cash & Derivatives 2.04
- Total 100.00
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.
A negative cash position may sometimes occur due to obligations awaiting settlement.
The information contained on this page is intended as a guide only and should not be relied upon when making investment decisions. Source Baillie Gifford & Co.
Please note that totals may not sum due to rounding.
Insights
View all Insights.Meet the Managers
Steven Hay
Steven joined Baillie Gifford in 2004 and is head of the Income Research Team. He has been involved in running the Fixed Income portion of the strategy since 2012. He previously worked at Scottish Widows and spent seven years doing research for the Bank of England's Monetary Policy Committee and 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.
Iain McCombie
Iain is the head of our UK Equity Team and lead manager of the UK Core Strategy. He is also the joint manager on our flagship Managed Strategy, which he has been involved in since 2000. Iain joined Baillie Gifford in 1994 and became a partner of the firm in 2005. He has previously spent time on the US Equities Team. Iain graduated MA in Accountancy from the University of Aberdeen and subsequently qualified as a Chartered Accountant.
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.
Application forms
Enhanced disclosure document
Factsheets
Key investor information documents (KIIDs)
Philosophy and process documents
Quarterly investor reports
Shareholders rights directive
Sustainability-related disclosures and climate reports
Value assessment
Implementation statement
Sustainability disclosure requirements (SDR)
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.
