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 - 6/30/2020
SEDOL ISIN Company Country Holding Asset Price Currency Asset Type Market Value (USD) Fund % 1 B616C79 US88160R1014 Tesla Inc United States 42,055 1079.81 USD Equity 45411409.55 9.03 2 2000019 US0231351067 Amazon.com United States 14,908 2758.82 USD Equity 41128488.56 8.17 3 BMMV2K8 KYG875721634 Tencent China 512,400 498.60 HKD Equity 32963587.92 6.55 4 2613990 US4523271090 Illumina United States 77,508 370.35 USD Equity 28705087.80 5.71 5 BP41ZD1 US01609W1027 Alibaba China 122,924 215.70 USD Equity 26514706.80 5.27 6 BGJW376 KYG596691041 Meituan Dianping China 948,200 171.90 HKD Equity 21030466.62 4.18 7 BYVW0F7 US7223041028 Pinduoduo China 227,876 85.84 USD Equity 19560875.84 3.89 8 B7TL820 US30303M1027 United States 85,928 227.07 USD Equity 19511670.96 3.88 9 2857817 US64110L1061 Netflix United States 39,772 455.04 USD Equity 18097850.88 3.60 10 5505072 FR0000121485 Kering France 32,241 484.25 EUR Equity 17535409.27 3.49 Total 53.76% SEDOL ISIN Company Country Holding Asset Price Currency Asset Type Market Value (USD) Fund % 1 B616C79 US88160R1014 Tesla Inc United States 42,055 1079.81 USD Equity 45411409.55 9.03 2 2000019 US0231351067 Amazon.com United States 14,908 2758.82 USD Equity 41128488.56 8.17 3 BMMV2K8 KYG875721634 Tencent China 512,400 498.60 HKD Equity 32963587.92 6.55 4 2613990 US4523271090 Illumina United States 77,508 370.35 USD Equity 28705087.80 5.71 5 BP41ZD1 US01609W1027 Alibaba China 122,924 215.70 USD Equity 26514706.80 5.27 6 BGJW376 KYG596691041 Meituan Dianping China 948,200 171.90 HKD Equity 21030466.62 4.18 7 BYVW0F7 US7223041028 Pinduoduo China 227,876 85.84 USD Equity 19560875.84 3.89 8 B7TL820 US30303M1027 United States 85,928 227.07 USD Equity 19511670.96 3.88 9 2857817 US64110L1061 Netflix United States 39,772 455.04 USD Equity 18097850.88 3.60 10 5505072 FR0000121485 Kering France 32,241 484.25 EUR Equity 17535409.27 3.49 11 BXDZ9Z0 CA82509L1076 Shopify Canada 17,765 949.20 USD Equity 16862538.00 3.35 12 B0796X4 US2521311074 Dexcom United States 39,660 405.40 USD Equity 16078164.00 3.20 13 B929F46 NL0010273215 ASML Netherlands 42,016 326.90 EUR Equity 15426499.83 3.07 14 BYY88Y7 US02079K1079 Alphabet United States 9,717 1413.61 USD Equity 13736048.37 2.73 15 BFZ1K46 LU1778762911 Spotify Sweden 53,090 258.19 USD Equity 13707307.10 2.72 16 Cash and Deposits International 12,921,710 0.00 USD Equity 12921709.64 2.57 17 2379504 US67066G1040 NVIDIA United States 33,794 379.91 USD Equity 12838678.54 2.55 18 BZ09BD1 GB00BZ09BD16 Atlassian United States 67,747 180.27 USD Equity 12212751.69 2.43 19 B4MGD82 US8740801043 TAL Education China 175,306 68.38 USD Equity 11987424.28 2.38 20 BZCNB42 DE000A2E4K43 Delivery Hero Germany 104,305 90.96 EUR Equity 10655978.92 2.12 21 B8K6ZD1 US98138H1014 Workday United States 54,223 187.36 USD Equity 10159221.28 2.02 22 BGSP7M9 US98980L1017 Zoom Video Communications United States 38,386 253.54 USD Equity 9732386.44 1.93 23 2871301 US46120E6023 Intuitive Surgical United States 17,003 569.83 USD Equity 9688819.49 1.93 24 BJ7WJS2 US70614W1009 Peloton United States 162,461 57.77 USD Equity 9385371.97 1.87 25 2310525 US79466L3024 salesforce.com United States 47,986 187.33 USD Equity 8989217.38 1.79 26 BZ1HM42 NL0012969182 Adyen Netherlands 5,907 1295.50 EUR Equity 8594926.39 1.71 27 2606440 US64110W1027 NetEase China 19,591 429.38 USD Equity 8411983.58 1.67 28 5253973 FR0000052292 Hermès International France 8,712 743.80 EUR Equity 7277996.03 1.45 29 B4TX8S1 HK0000069689 AIA Hong Kong 525,400 72.30 HKD Equity 4901188.96 0.97 30 BDJ0LS6 US4622221004 Ionis Pharmaceuticals United States 78,420 58.96 USD Equity 4623643.20 0.92 31 4057808 FR0000120321 L'Oréal France 13,040 285.70 EUR Equity 4184326.89 0.83 32 BJXC5M2 US18915M1071 Cloudflare United States 106,323 35.95 USD Equity 3822311.85 0.76 33 BFZX9H8 US62914V1061 NIO China 445,442 7.72 USD Equity 3438812.24 0.68 34 BP9DL90 ES0148396007 Inditex Spain 112,086 23.57 EUR Equity 2967213.03 0.59 35 Cash and Deposits International 36,955 0.00 EUR Equity 41506.18 0.01 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.
InsightsAll insightsMay 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
Longevity by Mark Urquhart.
Investment manager Mark Urquhart would love to see companies currently in the portfolio still having their place in it in 2050. For him, it is not enough for businesses to endure, they must adapt and, crucially, be brave enough to disrupt themselves, if they are to manifest growth for many years to come.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 0.02956 0.02956 12/27/2019 12/27/2019 Final Baillie Gifford Long Term Global Growth Fund K Class BGLKX 0.00000 0.00000 0.00000 0.00000 0.02956 0.02956 12/27/2019 12/27/2019 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).
The table below shows the proposed distribution dates for the current tax year. The dates can be changed by the Officers of the Funds.
2020 12/28/2020 12/29/2020 12/29/2020
Source: Bank of New York Mellon and Baillie Gifford & Co
Estimated capital gains distributions will appear here when they become available.
Quarterly Investor Reports
Semi Annual 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.