1. The Scottish American Investment Company P.L.C.

    The Scottish American Investment Company P.L.C.

  2. Overview

    Aims to be a core investment for private investors seeking income. Its objective is to grow the dividend at a faster rate than inflation by increasing capital and growing income. The focus of the portfolio is on global equities but investments are also made in bonds, property and other asset types.

    Baillie Gifford's culture of sharing information and encouraging debate is central to the SAINTS' investment process.

    Performance & Portfolio

    Periodic Performance

    All figures to 31/03/2021

    1 Year

    3 Years

    5 Years

    10 Years

    Share Price 31.4%47.2%110.9%183.4%
    NAV 33.7%47.6%114.8%179.0%
    Benchmark* 33.4%46.5%107.2%205.1%

    The value of your investment may go down as well as up, and you may not get back the amount you invested.

    NAV is calculated with borrowings deducted at fair value for 1, 3 and 5 years and book value for 10 years.

    *FTSE All World Index (GBP) TR.

    Performance source: Morningstar and relevant underlying index provider, total return.

    Past performance is not a guide to future performance.


    Discrete Performance

    Annual Performance to 31 March each year

    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

    Share Price 34.6%10.8%7.8%-4.1%36.7%
    NAV 31.7%7.2%10.6%-3.6%34.4%
    Benchmark* 33.1%2.9%10.7%-6.2%39.6%

    The value of your investment may go down as well as up, and you may not get back the amount you invested.

    NAV is calculated with borrowings deducted at fair value for 1, 3 and 5 years and book value for 10 years.

    *FTSE All World Index (GBP) TR.

    Performance source: Morningstar and relevant underlying index provider, total return.

    Past performance is not a guide to future performance.

    Performance - 30/04/2021

    The value of your investment may go down as well as up, and you may not get back the amount you invested.
    If the graph shows negative figures this means that the share price is lower than the NAV at fair – this is known as trading at a Discount.
    If the graph shows positive figures this means that the share price is higher than the NAV at fair - this is known as trading at a Premium.
    Please bear in mind that past performance is not a guide to future performance.

    Long-term Dividend Record

    No dividend reductions in the past eighty years.

    Past performance is not a guide to future performance. We have chosen to use a logarithmic scale for the dividend price to more clearly display the consistent level of dividend increase over the years.

    The investment trusts managed by Baillie Gifford & Co Limited are listed UK companies and are not authorised or regulated by the Financial Conduct Authority. The value of their shares, and any income from them, can fall as well as rise and investors may not get back the amount invested. 

    Source: Scottish American Investment Trust Annual Reports, Baillie Gifford. Dividends are shown net of withholding taxes since 1973, when Advanced Corporation Tax was first introduced in the UK. Dividends from 1965-1973 are shown net of the 45% Corporation Tax introduced in the Finance Act of 1965. Dividends prior to 1965 are shown as if the Corporation Tax had existed before 1965, on a comparable basis.

    Holdings - 30/04/2021

    Fund %
    1 United Parcel Service 3.3%
    2 TSMC 3.0%
    3 Fastenal 2.5%
    4 Sonic Healthcare 2.5%
    5 Anta Sports Products 2.5%
    6 Microsoft 2.4%
    7 Partners 2.3%
    8 Procter & Gamble 2.3%
    9 Admiral Group 2.2%
    10 Roche 2.2%
    Total 25.1%
    Active Share - 31/05/2021

    Relative to FTSE All-World Index. Source: Baillie Gifford & Co, FTSE.

    Asset allocation of total assets - 30/04/2021

    Fund %

    • 1 North American Equities 30.62
    • 2 South American Equities 2.27
    • 3 European Equities 31.93
    • 4 African and Middle Eastern Equities 0.74
    • 5 Asian Equities 14.47
    • 6 Australasian Equities 3.70
    • 7 Fixed Interest 5.55
    • 8 Property 9.65
    • 9 Net Liquid Assets 1.07
    • Total 100.0

    As the Fund invests in overseas securities, changes in the rates of exchange may also 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.

    Meet the Managers

    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.

    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.

    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.

    Disclaimers

    FTSE Disclaimer

    Source: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2019. FTSE Russell is a trading name of certain of the LSE Group companies. “FTSE®" and “Russell®” are trade marks of the relevant LSE Group companies and are used by any other LSE Group company under license. “TMX®” is a trade mark of TSX, Inc. and used by the LSE Group under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.