Morningstar Fund Report  | 07/04/2025Print

Baillie Gifford International Fund G Accumulation

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Baillie Gifford International Fund G Accumulation
Fund8.4-20.313.512.8-7.1
+/-Cat-6.2-2.2-2.5-2.4-0.6
+/-B’mrk-9.7-1.3-8.8-11.21.5
 
Category: Global Large-Cap Growth Equity
Category Benchmark: Morningstar Gbl Growth TME ...
Key Stats
NAV
07/04/2025		 GBX 9945.00
Day Change -8.26%
Morningstar Category™ Global Large-Cap Growth Equity
IA (formerly IMA) Sector Global
ISIN GB00BF8GML92
Fund Size (Mil)
04/04/2025		 GBP 1059.12
Share Class Size (Mil)
28/02/2025		 GBP 72.27
Max Initial Charge -
Ongoing Charge
06/02/2025		  0.53%
Morningstar Research
Analyst Report10/03/2025
Daniel Haydon, Analyst
Morningstar, Inc

Baillie Gifford International is an attractive proposition from a well-resourced team that continues to execute on this growth-orientated investment philosophy that has served investors well over the long term. The clean share class earns a...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People24
Parent25
Process24
Performance
Price
Investment Objective: Baillie Gifford International Fund G Accumulation
The Sub-fund aims to outperform (after deduction of costs) the MSCI ACWI ex UK Index, as stated in sterling, by at least 2% per annum over rolling five-year periods. The Sub-fund will invest at least 90% in shares of companies anywhere in the world (excluding the UK). The Sub-fund will be actively managed and will invest in companies of any sector.
Returns
Trailing Returns (GBP)07/04/2025
YTD-18.35
3 Years Annualised-1.10
5 Years Annualised5.77
10 Years Annualised-
12 Month Yield 0.30
Management
Manager Name
Start Date
Spencer Adair
01/03/2010
Helen Xiong
01/05/2021
Click here to see others
Inception Date
05/02/2018

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI ACWI ex UK +2% NR GBPMorningstar Gbl Growth TME NR USD
Portfolio Profile for  Baillie Gifford International Fund G Accumulation31/01/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock99.260.0099.26
Bond0.000.000.00
Property0.000.000.00
Cash1.010.260.74
Other0.000.000.00
Top 5 Regions%
United States65.91
Eurozone8.48
Asia - Developed6.03
Europe - ex Euro4.72
Asia - Emerging4.42
Top 5 Sectors%
Technology25.13
Consumer Cyclical18.87
Communication Services15.69
Industrials10.41
Healthcare9.68
Top 5 HoldingsSector%
Amazon.com IncConsumer CyclicalConsumer Cyclical4.63
Meta Platforms Inc Class ACommunication ServicesCommunication Services4.63
Microsoft CorpTechnologyTechnology3.98
NVIDIA CorpTechnologyTechnology3.49
Taiwan Semiconductor Manufacturi... TechnologyTechnology3.46
Increase Decrease New since last portfolio
Baillie Gifford International Fund G Accumulation
Growth Of 1000 (GBP) 31/03/2025
Fund:  Baillie Gifford International Fund G Accumulation
Category:  Global Large-Cap Growth Equity
Category Index:  Morningstar Gbl Growth TME NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 20192020202120222023202431/03
Price Return28.9634.028.36-20.2613.5312.78-7.14
+/- Category4.7310.32-6.21-2.18-2.49-2.41-0.57
+/- Category Index---9.71-1.29-8.78-11.171.46
% Rank in Category16148069605760
Trailing Returns (GBP)07/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-8.26   -5.23-4.65
1 Week-12.07   -5.89-3.93
1 Month-15.65   -5.81-2.94
3 Months-19.80   -8.36-2.37
6 Months-16.78   -9.86-6.80
YTD-18.35   -7.58-2.74
1 Year-13.67   -8.22-10.42
3 Years Annualised-1.10   -2.91-4.25
5 Years Annualised5.77   -3.93-6.03
10 Years Annualised-   --
 
Category: Global Large-Cap Growth Equity
Category Index: Morningstar Gbl Growth TME NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-7.14---
20248.610.26-0.434.01
20233.124.69-4.179.73
2022-11.15-13.262.291.15
20210.648.84-1.00-0.08
2020-11.6025.948.1211.34
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearBelow AverageAverage2 star
5-YearAverageAbove Average2 star
10-Year--Not Rated
OverallAverageAbove Average2 star
 
Category :  Global Large-Cap Growth EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev14.55 %
3-Yr Mean Return3.24 %
 
3-Yr Sharpe Ratio-0.06
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar Gbl Growth TME NR USD  Morningstar Global All Cap TME NR USD
3-Yr Beta0.951.07
3-Yr Alpha-4.09-4.42
 
Investment Style Details31/01/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 96445-
Market Capitalisation% of Equity
Giant45.22
Large23.33
Medium23.19
Small7.96
Micro0.30
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings22.480.93
Price/Book4.230.85
Price/Sales2.860.77
Price/Cash Flow14.130.86
Dividend-Yield Factor0.920.80
 
Long-Term Projected Earnings Growth13.121.17
Historical Earnings Growth6.960.52
Sales Growth9.821.09
Cash-Flow Growth10.430.86
Book-Value Growth11.681.04
 
Category: Global Large-Cap Growth Equity
Asset Allocation31/01/2025
Asset Allocation
 % Long% Short% Net Assets
Stock99.260.0099.26
Bond0.000.000.00
Property0.000.000.00
Cash1.010.260.74
Other0.000.000.00
World Regions31/01/2025
 % of EquityRelative to Category
United States65.911.00
Canada2.941.51
Latin America2.572.32
United Kingdom0.000.00
Eurozone8.480.79
Europe - ex Euro4.720.88
Europe - Emerging0.000.00
Africa0.000.00
Middle East0.281.43
Japan3.661.19
Australasia0.995.18
Asia - Developed6.031.64
Asia - Emerging4.421.72
 
Category: Global Large-Cap Growth Equity
Sector Weightings31/01/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials6.812.42
Consumer CyclicalConsumer Cyclical18.871.52
Financial ServicesFinancial Services9.100.61
Real EstateReal Estate1.842.83
Consumer DefensiveConsumer Defensive0.650.13
HealthcareHealthcare9.680.70
Communication ServicesCommunication Services15.691.89
EnergyEnergy1.812.28
IndustrialsIndustrials10.410.96
TechnologyTechnology25.130.85
 
Category: Global Large-Cap Growth Equity
Top 10 Holdings31/01/2025
 Portfolio NEW
Total Number of Equity Holdings91
Total Number of Bond Holdings0
Assets in Top 10 Holdings33.62
NameSectorCountry% of Assets
Amazon.com Inc102United States4.63
Meta Platforms Inc Class A308United States4.63
Microsoft Corp311United States3.98
NVIDIA Corp311United States3.49
Taiwan Semiconductor Manufacturing Co... 311Taiwan3.46
Martin Marietta Materials Inc101United States3.07
DoorDash Inc Ordinary Shares - Class A308United States2.96
Prosus NV Ordinary Shares - Class N308Netherlands2.76
Elevance Health Inc206United States2.37
Mastercard Inc Class A103United States2.27
 
Increase Decrease New since last portfolio
Category: Global Large-Cap Growth Equity
 
Management
Name of CompanyBaillie Gifford & Co Limited.
Phone44 0131 275 2000
Websitewww.bailliegifford.com
AddressCalton Square
 Edinburgh   EH1 3AN
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date05/02/2018
Fund Advisor(s)
Baillie Gifford & Co
Fund ManagerSpencer Adair
Manager Start Date01/03/2010
Career Start Year2000
Education
1997, University of St. Andrews, B.S.
 
Biography
Spencer joined Baillie Gifford in 2000 and is an Investment Manager in the Global Alpha Team. He became a Partner in 2013 and has also spent time working in the Fixed Income, Japanese, European and UK Equity Teams. Spencer graduated BSc in Medicine from the University of St Andrews in 1997, followed by two years of clinical training in Edinburgh.
Fund ManagerHelen Xiong
Manager Start Date01/05/2021
Career Start Year2008
Education
2007, Warwick University, B.S.
University of Cambridge, M.Ph.
 
Biography
Ms. Xiong joined Baillie Gifford in 2008 and is a Partner and investment manager on the Global Alpha Team. In addition to Global Alpha, Ms. Xiong has spent time working on the Manager's Developed Asia, UK, North America, Emerging Markets and Global Equity Teams. Before coming to live and work in the UK, Ms. Xiong lived in China, South Africa and Norway. She graduated BSc (Hons) in Economics from the University of Warwick in 2007 and MPhil in Economics from the University of Cambridge the following year. Ms. Xiong has been a member of the team since 2021.
Fund ManagerMalcolm MacColl
Manager Start Date01/03/2010
Career Start Year1999
Education
1999, St. Andrews University, M.Litt
1998, St. Andrews University, M.A.
 
Biography
Malcolm is an Investment Manager in the Global Alpha Team, having been involved with Global Alpha since the product’s inception in 2005. He became a Partner of the firm in 2011. Malcolm joined Baillie Gifford in 1999 and has spent time working in the UK Small Cap and North American Teams. He is a member of the UK Society of Investment Professionals. Malcolm graduated MA in Economics and History in 1998 and MLitt in Economics, Politics and Management in 1999, both from the University of St Andrews.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.50%
Ongoing Charge0.53%
Purchase Details
Minimum Investments
Initial250000  GBP
Additional-
Savings-
Tax Free Savings Schemes
ISAsYes