1. RESPONSIBLE GLOBAL EQUITY INCOME FUND
    RESPONSIBLE GLOBAL EQUITY INCOME FUND

    Overview

    The Responsible Global Equity Income 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 over the longer term, by investing responsibly. 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.

    The Baillie Gifford Responsible Global Equity Income Fund is the first and only fund of its type in the Global Equity Income sector.

    Portfolio

    Top Ten Holdings - 31/03/2021

    Fund %
    1 TSMC 3.9%
    2 United Parcel Service 3.6%
    3 Fastenal 3.2%
    4 Sonic Healthcare 3.2%
    5 Procter & Gamble 3.1%
    6 Microsoft 3.1%
    7 Anta Sports Products 3.1%
    8 Nestlé 3.0%
    9 Admiral Group 3.0%
    10 Roche 2.9%
    Total 32.1%
    Fund %
    1 TSMC 3.9%
    2 United Parcel Service 3.6%
    3 Fastenal 3.2%
    4 Sonic Healthcare 3.2%
    5 Procter & Gamble 3.1%
    6 Microsoft 3.1%
    7 Anta Sports Products 3.1%
    8 Nestlé 3.0%
    9 Admiral Group 3.0%
    10 Roche 2.9%
    Total 32.1%
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    Meet the Managers

    Toby Ross

    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.

    James Dow

    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.

    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.