Overview
The UK Equity Alpha Fund aims to outperform (after deduction of costs) the FTSE All-Share Index 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 UK All Companies Sector.
Performance & Portfolio
Performance & Portfolio
Periodic Performance
All figures to 31/03/2024 6 Months
1 Year
3 Years
5 Years
Class B-Acc 4.9% 4.2% -7.3% -0.2% Index* 6.9% 8.4% 8.1% 5.4% Target Benchmark** 8.0% 10.6% 10.2% 7.6% 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 to 31 March each year
Annual percentage return (Updated Quarterly) 31/03/2019
31/03/202031/03/2020
31/03/202131/03/2021
31/03/202231/03/2022
31/03/202331/03/2023
31/03/2024Class B-Acc -14.8% 45.7% -19.1% -5.5% 4.2% Index* -18.5% 26.7% 13.0% 2.9% 8.4% Target Benchmark** -16.8% 29.2% 15.3% 5.0% 10.6% Sector Average*** -19.2% 38.0% 5.4% -1.9% 7.7% 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.Source: FE, Revolution, FTSE. Total return net of charges, in sterling.
Share class returns calculated using 10am prices, while the Index is calculated close-to-close.
*FTSE All-Share Index.
**FTSE All-Share Index plus at least 2% per annum over rolling five-year periods.
***IA UK All Companies Sector.Top Ten Holdings - 31/03/2024
Fund % 1 4imprint 8.8% 2 Games Workshop 7.8% 3 Experian 7.4% 4 Auto Trader 6.9% 5 Wise 5.6% 6 Renishaw 3.9% 7 Softcat 3.6% 8 Ashtead 3.6% 9 AJ Bell 3.1% 10 Kainos 3.1% Total 53.7% SECTOR ANALYSIS OF TOTAL ASSETS - 31/03/2024Fund %
- 1 Software and Computer Services 16.93
- 2 Industrial Support Services 14.08
- 3 Media 8.79
- 4 Leisure Goods 7.75
- 5 Investment Banking and Brokerage Services 7.10
- 6 Pharmaceuticals and Biotechnology 5.64
- 7 Retailers 5.28
- 8 Industrial Engineering 5.26
- 9 Electronic and Electrical Equipment 4.96
- 10 Beverages 4.39
- 11 Industrial Transportation 3.57
- 12 Travel and Leisure 3.50
- 13 Real Estate Investment and Services 2.31
- 14 Others 9.80
- 15 Cash 0.64
- Total 100.00
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
Milena Mileva
Milena joined Baillie Gifford in 2009 and is an Investment Manager in the UK Equity Team. She became a partner in 2022. She graduated BA in Social & Political Science from the University of Cambridge in 2007 and MPhil in Politics from the University of Oxford in 2009.
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
Quarterly Investor Reports
Value Assessment
Sustainability-related Disclosures
Shareholders Rights Directive
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.
