Overview
The Pacific Fund aims to outperform (after deduction of costs) the MSCI AC Asia ex Japan Index, as stated in Sterling, by at least 2% 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 Asia Pacific excluding Japan Sector.
Asia is facing a period of change. We look to embrace the opportunities afforded by this change, by investing in companies disrupting the existing order.
Performance & Portfolio
Periodic Performance
All figures to 31/05/2022 6 Months
1 Year
3 Years
5 Years
Class B-Acc -14.0% -10.2% 20.6% 14.3% Index* -6.6% -11.3% 6.2% 5.2% Target Benchmark** -5.7% -9.6% 8.3% 7.3%
Annual Discrete Performance to 31 March each year
Annual percentage return (Updated Quarterly) 31/03/2017
31/03/201831/03/2018
31/03/201931/03/2019
31/03/202031/03/2020
31/03/202131/03/2021
31/03/2022Class B-Acc 22.9% -0.5% -1.2% 86.6% -5.7% Index* 12.5% 2.3% -8.8% 41.8% -10.3% Target Benchmark** 14.7% 4.4% -6.9% 44.6% -8.5% Sector Average*** 7.3% 3.1% -11.3% 48.5% -5.2% 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 AC Asia ex Japan Index.
**MSCI AC Asia ex Japan Index +2%.
***IA Asia Pacific ex Japan Sector.Performance - 31/05/2022The 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.
Please bear in mind that past performance is not a guide to future performance.
The graph is rebased to 100.Top Ten Holdings - 31/05/2022
Fund % 1 TSMC 4.8% 2 Merdeka Copper Gold 4.3% 3 Reliance Industries 4.1% 4 JD.com 2.9% 5 Samsung SDI 2.7% 6 Samsung Electronics 2.7% 7 MMG Limited 2.6% 8 Vedanta 2.4% 9 SEA Limited 2.3% 10 Mediatek 2.2% Total 31.1% Geographic Analysis of Total Assets - 31/05/2022Fund %
- 1 China 31.62
- 2 India 20.26
- 3 South Korea 13.81
- 4 Indonesia 11.30
- 5 Taiwan 9.94
- 6 Vietnam 7.87
- 7 Singapore 2.92
- 8 Others 1.75
- 9 Cash 0.53
- Total 100.0
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.Insights
View all Insights.Meet the Managers
Roderick Snell
Roderick joined Baillie Gifford in 2006 and is an Investment Manager in the Emerging Markets Equity Team. He has managed the Baillie Gifford Pacific Fund since 2010 and has been Manager of Pacific Horizon Investment Trust since 2021 (he was deputy from 2013). Since March 2020, he has also been a manager on the China strategy. He spent time in the UK and European Equity teams prior to joining the Emerging Markets Equity Team in 2008. Roderick graduated BSc (Hons) in Medical Biology from the University of Edinburgh in 2006.
Ben Durrant
Ben is an Investment Manager in the Emerging Markets Team. He joined Baillie Gifford in 2017 and has also worked in our UK, Global Discovery and Private Companies teams. He previously worked for RBS in their Group Strategy and Corporate Finance Team. He is also a Chartered Accountant and a CFA Charterholder. Ben graduated BSc (Hons) in Mathematics from the University of Edinburgh in 2012.
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.
Bulletins and Factsheets
Enhanced Disclosure Document
Key Investor Information Documents
Other Fund Literature
Philosophy and Process Documents
Value Assessment
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.
