BAILLIE GIFFORD LONG TERM GLOBAL GROWTH FUNDBAILLIE GIFFORD LONG TERM GLOBAL GROWTH FUND
The Baillie Gifford Long Term Global Growth Fund seeks to provide long-term capital appreciation.
Long Term Global Growth is a purely stock-driven, unconstrained global equity strategy focused on investing in exceptional growth companies. This approach is expressly long term, we believe that investing in companies with the scope to grow to multiples of their current size has the potential to transform the returns for investors over time. The Fund’s share price can be volatile, which we look to embrace as it can provide opportunities to invest in companies with great long term growth prospects at opportune prices.
Holdings - 12/31/2020
SEDOL ISIN Company Country Holding Asset Price Currency Asset Type Market Value (USD) Fund % 1 B616C79 US88160R1014 Tesla Inc United States 113,443 705.67 USD Equity 80053321.81 9.86 2 BYVW0F7 US7223041028 Pinduoduo China 269,910 177.67 USD Equity 47954909.70 5.91 3 2000019 US0231351067 Amazon.com United States 14,033 3256.93 USD Equity 45704498.69 5.63 4 BGJW376 KYG596691041 Meituan Dianping China 1,087,200 294.60 HKD Equity 41307108.08 5.09 5 BMMV2K8 KYG875721634 Tencent China 566,900 564.00 HKD Equity 41235205.74 5.08 6 BP41ZD1 US01609W1027 Alibaba China 150,923 232.73 USD Equity 35124309.79 4.33 7 2613990 US4523271090 Illumina United States 88,445 370.00 USD Equity 32724650.00 4.03 8 5505072 FR0000121485 Kering France 41,700 594.40 EUR Equity 30327495.37 3.74 9 2857817 US64110L1061 Netflix United States 53,192 540.73 USD Equity 28762510.16 3.54 10 BJ7WJS2 US70614W1009 Peloton United States 187,006 151.72 USD Equity 28372550.32 3.50 Total 50.71% SEDOL ISIN Company Country Holding Asset Price Currency Asset Type Market Value (USD) Fund % 1 B616C79 US88160R1014 Tesla Inc United States 113,443 705.67 USD Equity 80053321.81 9.86 2 BYVW0F7 US7223041028 Pinduoduo China 269,910 177.67 USD Equity 47954909.70 5.91 3 2000019 US0231351067 Amazon.com United States 14,033 3256.93 USD Equity 45704498.69 5.63 4 BGJW376 KYG596691041 Meituan Dianping China 1,087,200 294.60 HKD Equity 41307108.08 5.09 5 BMMV2K8 KYG875721634 Tencent China 566,900 564.00 HKD Equity 41235205.74 5.08 6 BP41ZD1 US01609W1027 Alibaba China 150,923 232.73 USD Equity 35124309.79 4.33 7 2613990 US4523271090 Illumina United States 88,445 370.00 USD Equity 32724650.00 4.03 8 5505072 FR0000121485 Kering France 41,700 594.40 EUR Equity 30327495.37 3.74 9 2857817 US64110L1061 Netflix United States 53,192 540.73 USD Equity 28762510.16 3.54 10 BJ7WJS2 US70614W1009 Peloton United States 187,006 151.72 USD Equity 28372550.32 3.50 11 B7TL820 US30303M1027 United States 97,460 273.16 USD Equity 26622173.60 3.28 12 BFZX9H8 US62914V1061 NIO China 497,601 48.74 USD Equity 24253072.74 2.99 13 B929F46 NL0010273215 ASML Netherlands 48,870 397.55 EUR Equity 23771456.17 2.93 14 BXDZ9Z0 CA82509L1076 Shopify Canada 20,698 1131.95 USD Equity 23429101.10 2.89 15 B0796X4 US2521311074 Dexcom United States 58,070 369.72 USD Equity 21469640.40 2.65 16 BZ1HM42 NL0012969182 Adyen Netherlands 8,771 1905.00 EUR Equity 20443995.67 2.52 17 BFZ1K46 LU1778762911 Spotify Sweden 61,386 314.66 USD Equity 19315718.76 2.38 18 BZCNB42 DE000A2E4K43 Delivery Hero Germany 119,343 127.00 EUR Equity 18544808.84 2.28 19 2379504 US67066G1040 NVIDIA United States 35,490 522.20 USD Equity 18532878.00 2.28 20 Cash and Deposits International 18,303,002 0.00 USD Equity 18303001.91 2.26 21 BZ09BD1 GB00BZ09BD16 Atlassian United States 77,132 233.87 USD Equity 18038860.84 2.22 22 2871301 US46120E6023 Intuitive Surgical United States 19,593 818.10 USD Equity 16029033.30 1.98 23 BGSP7M9 US98980L1017 Zoom Video Communications United States 44,152 337.32 USD Equity 14893352.64 1.84 24 B8K6ZD1 US98138H1014 Workday United States 62,131 239.61 USD Equity 14887208.91 1.83 25 2310525 US79466L3024 salesforce.com United States 65,374 222.53 USD Equity 14547676.22 1.79 26 B4MGD82 US8740801043 TAL Education China 202,879 71.51 USD Equity 14507877.29 1.79 27 BJXC5M2 US18915M1071 Cloudflare United States 189,933 75.99 USD Equity 14433008.67 1.78 28 BYY88Y7 US02079K1079 Alphabet United States 7,869 1751.88 USD Equity 13785543.72 1.70 29 BYYWPW6 US07725L1026 BeiGene China 45,956 258.39 USD Equity 11874570.84 1.46 30 5253973 FR0000052292 Hermès International France 10,105 879.60 EUR Equity 10875349.63 1.34 31 2606440 US64110W1027 NetEase China 109,317 95.77 USD Equity 10469289.09 1.29 32 BYQHPG3 US1468691027 Carvana United States 38,702 239.54 USD Equity 9270677.08 1.14 33 BGSXTS3 US60770K1079 Moderna United States 81,339 104.47 USD Equity 8497485.33 1.05 34 BJ1FDK7 US08862E1091 Beyond Meat United States 55,261 125.00 USD Equity 6907625.00 0.85 35 BMBX7M2 US4824971042 KE Holdings China 102,740 61.54 USD Equity 6322619.60 0.78 Total 100.0%
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It should not be assumed that recommendations/transactions made in the future will be profitable or will equal performance of the securities mentioned. The composition of the Fund's holdings is subject to change. Percentages are based on securities at market value. Internal classifications are used for any graphs represented above.
There is no guarantee that the investment objective of the Fund will be achieved. Stocks fluctuate in price and the value of your investment in the Fund may go down. This means that you could lose money on your investment in the Fund or the Fund may not perform as well as other possible investments.
InsightsView all Insights.June 2020
A View from the Midst of the Pandemic.
Technological developments over recent decades mean reality has outpaced the science fiction of his youth since Mark Urquhart joined Baillie Gifford almost 25 years ago. Now, scanning the Covid-19 riven global economy, he sets out his enthusiasm and expectations for the next decade and beyond.2019
The Evolution of LTGG over the first 15 years.May 2018
Unlisted Equities by Peter Singlehurst.
Peter Singlehurst explains why it is becoming increasingly important to invest in exciting companies at an earlier stage and offers an insight into the characteristics he looks for in unlisted businesses.July 2016
Global by John MacDougall.
As our understanding of the concept of global continues to evolve, investment manager John MacDougall suggests that where a company happens to be based will not prevent it from building a high-growth business in the future. As such, we must be prepared to see high-growth companies emerging from new locations across the globe. John explains how the Long Term Global Growth team are adapting their research to accommodate this.
View all Insights.
Mark is a Senior Investment Manager in our Long Term Global Growth Team, a strategy which he co-founded in 2003. Mark joined Baillie Gifford in 1996, initially working as an Investment Analyst and Manager in the US, UK and Japanese Equities Teams. He became a Partner in 2004. Mark graduated BA in Philosophy, Politics and Economics from the University of Oxford in 1992 and spent a year at Harvard as a Kennedy Scholar in 1993 before completing a PhD in Politics at the University of Edinburgh in 1996.
Tom is Head of the US Equities Team and is a Decision Maker on Long Term Global Growth Portfolios. He joined Baillie Gifford in 2000 and became a Partner of the firm in 2012. After serving as Deputy Manager for five years, Tom was appointed Joint Manager of Scottish Mortgage Investment Trust in 2015. During his time at Baillie Gifford he has also worked in the Developed Asia and UK Equity Teams. Tom’s investment interest is focused on high growth companies both in listed equity markets and as an investor in private companies. He graduated BSc in Computer Science with Mathematics from the University of Edinburgh in 2000.
Tax & Distributions
The Fund intends to pay dividends to its shareholders at least annually. Distributions will automatically be reinvested in Fund shares unless you submit a request for cash payment with at least ten days prior notice, before the record date for distribution, to the Transfer Agent. The distribution dates will appear on this page alongside the rates once they become available. The dates can be changed by the Officers of the Funds. For more information on Baillie Gifford Funds’ Distributions please see the Statutory Prospectus.
The below table shows the makeup of the most recent distributions paid.
Short-Term Capital Gains *
Qualified Dividend Income **
Foreign Tax Credits
Long-Term Capital Gains
Total Per Share
Baillie Gifford Long Term Global Growth Fund Institutional Class BSGLX 0.00000 0.00000 0.00000 0.00000 3.22542 3.22542 12/29/2020 12/29/2020 Final Baillie Gifford Long Term Global Growth Fund K Class BGLKX 0.00000 0.00000 0.00000 0.00000 3.22542 3.22542 12/29/2020 12/29/2020 Final
Source: Bank of New York Mellon and Baillie Gifford & Co
*Short-Term Capital Gains are treated as ordinary income for U.S. Federal Income Tax Purposes.
**Qualified Dividend Income is a subset of Income Dividends (rather than an additional category of income).
Quarterly Investor Reports
Statement of Additional Information (SAI)
Risks & Disclaimers
The most significant risks of an investment in The Baillie Gifford Long Term Global Growth Fund are Investment Style Risk, Growth Stock Risk, Long-Term Investment Strategy Risk, Non-Diversification Risk, Asia Risk, China Risk, Conflicts of Interest Risk, Currency 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, Valuation Risk.
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).
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.