1. Objective

    The Global Alpha Equity Fund seeks capital appreciation.

  2. Investment Proposition

    The Global Alpha Equity Fund aims to find companies that can deliver sustainable, above-average earnings growth over the long-term from a global opportunity set. The portfolio is vastly differentiated from the index with an Active Share of c. 90%, and we expect annual turnover to be typically less than 20%, implying an average holding period for each stock of over five years. We seek to take meaningful allocations in our best ideas, combined with our long-term investment horizon, which underpins our confidence in achieving the objective.

  3. Performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Please click here for the most recent month-end performance.

    The Baillie Gifford Fund's performance shown assumes reinvestment or dividend and capital gain distributions and is net of management fees and expenses. Returns for periods less than one year are not annualized. From time to time, certain fees and/or expenses have been voluntarily or contractually waived or reimbursed, which has resulted in higher returns. Without these waivers or reimbursements, the returns would have been lower. Voluntary waivers or reimbursements may be applied or discontinued at any time without notice. Only the Board of Trustees may modify or terminate contractual fee waivers or expense reimbursements. All fees are described in the fund's prospectus.

  4. There was an error loading data, please try again.

    Fund Facts

    All figures to 9/30/2019
    Ticker - Share Class K BGAKX
    Ticker - Share Class Institutional BGASX
    Launch Date November 15, 2011
    Size $877.0m
    Benchmark MSCI AC World Index
    Current Number of Stocks 100
    Active Share 89%*
    Annual Turnover 13%
    Style Growth
    Stocks (guideline range) 70-120

    *Relative to MSCI AC World Index. Source: Baillie Gifford & Co and relevant underlying index provider(s).

    For a full glossary of definitions, please click here
  5. quote-icon
    Thanks to our partnership structure we are free to focus entirely on our long-term vision to deliver the best results for our clients.
  6. There was an error loading data, please try again.

    Portfolio Characteristics

      Fund MSCI AC World Index
    Market Cap (weighted average) $127.74bn $161.43bn
    Price/Book 2.68 2.25
    Price/Earnings (12 months forward) 19.63 15.28
    Earnings Growth (5 year historic) 7.17% 4.90%
    Return on Equity 13.69% 14.79%
    Beta 1.14 n/a
    Standard Deviation (trailing 3 years) 13.69% 11.16%

    Source: Baillie Gifford & Co, UBS, StatPro and relevant underlying index provider(s).

    Beta is in comparison to MSCI AC World Index.

    For a full glossary of definitions, please click here
  7. Actual investors imagine 'what if?'

    Not 'what is'.
    Find out more
  8. Meet the Managers

  9. There was an error loading data, please try again.


      K Institutional
    Management Fee 0.57% 0.57%
    Other Expenses 0.11% 0.11%
    Gross Expense Ratio 0.68% 0.68%
    Net Expense Ratio 0.68% 0.68%

    Source: Bank of New York Mellon and Baillie Gifford & Co


    Expense Ratios: All mutual funds have expense ratios which represent what shareholders pay for operating expenses and management fees. Expense ratios are expressed as an annualized percentage of a fund's average net assets paid out in expenses. Expense ratio information is as of the Fund's current prospectus, as revised and supplemented from time to time.

  10. Fund Risks

    The most significant risks of an investment in The Global Alpha Equity Fund are Investment Style Risk, Growth Stock Risk, Long-Term Investment Strategy Risk, Asia Risk, China Risk, Conflicts of Interest Risk, Currency and Currency Hedging Risk, Emerging Markets Risk, Equity Securities Risk, Focused Investment Risk, Information Technology Risk, IPO Risk, Japan Risk, Large Capitalization Securities Risk, Liquidity Risk, Market Disruption and Geopolitical Risk, Market Risk, Non-U.S. Investment Risk, Service Provider Risk, Settlement Risk, Small-and Medium-Capitalization Securities Risk.

  11. Index Disclaimer

    Source: MSCI. The MSCI information may only be used for your internal use, may not be reproduced or redisseminated in any form and may not be used as a basis for or a component of any financial instruments or products or indices. None of the MSCI information is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. The MSCI information is provided on an ‘as is’ basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the ‘MSCI Parties’) expressly disclaims all warranties (including, without limitation, any warranties or originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages (www.msci.com).

  12. The Baillie Gifford Mutual Funds are distributed by Baillie Gifford Funds Services LLC. Investors should carefully consider the objectives, risks, charges and expenses of the Funds before investing. This information and other information about the Funds can be found in the prospectus and the summary prospectus. For a prospectus and summary prospectus please go here. Please carefully read the Fund’s prospectus and related documents before investing.