Morningstar Fund Report  | 17/04/2025Print

Baillie Gifford Responsible Global Equity Income Fund B Accumulation

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Baillie Gifford Responsible Global Equity Income Fund B Accumulation
Fund22.1-6.415.25.3-2.0
+/-Cat3.9-5.67.9-5.1-2.8
+/-B’mrk1.8-13.210.4-8.1-2.8
 
Category: Global Equity Income
Category Benchmark: Morningstar Gbl High Div Yl...
Key Stats
NAV
16/04/2025		 GBP 1.82
Day Change -1.25%
Morningstar Category™ Global Equity Income
IA (formerly IMA) Sector Global Equity Income
ISIN GB00BFM4CT76
Fund Size (Mil)
16/04/2025		 GBP 1096.47
Share Class Size (Mil)
31/03/2025		 GBP 180.83
Max Initial Charge -
Ongoing Charge
06/02/2025		  0.53%
Investment Objective: Baillie Gifford Responsible Global Equity Income Fund B Accumulation
The Sub-fund aims to achieve (after deduction of costs) growth in both income and capital over rolling five-year periods, whilst delivering a yield higher than that of the MSCI ACWI Index over rolling five-year periods. The Sub-fund will invest at least 90% in shares of companies anywhere in the world which are managed and behave responsibly. The Sub-fund will be actively managed and will invest in companies of any size and any sector.
Returns
Trailing Returns (GBP)16/04/2025
YTD-5.75
3 Years Annualised4.74
5 Years Annualised10.76
10 Years Annualised-
12 Month Yield 2.27
Management
Manager Name
Start Date
James Dow
06/12/2018
Ross Mathison
01/01/2022
Inception Date
06/12/2018

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI ACWI NR GBPMorningstar Gbl High Div Yld NR USD
Portfolio Profile for  Baillie Gifford Responsible Global Equity Income Fund B Accumulation31/01/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock97.300.0097.30
Bond0.010.000.01
Property0.000.000.00
Cash3.620.433.19
Other0.000.50-0.50
Top 5 Regions%
United States42.27
Eurozone17.85
Europe - ex Euro17.27
Asia - Developed8.29
United Kingdom4.60
Top 5 Sectors%
Technology26.09
Industrials22.98
Financial Services19.11
Consumer Defensive11.29
Healthcare9.46
Top 5 HoldingsSector%
Microsoft CorpTechnologyTechnology4.79
Taiwan Semiconductor Manufacturi... TechnologyTechnology4.79
Fastenal CoIndustrialsIndustrials4.21
Apple IncTechnologyTechnology4.11
Procter & Gamble CoConsumer DefensiveConsumer Defensive3.72
Increase Decrease New since last portfolio
Baillie Gifford Responsible Global Equity Income Fund B Accumulation
Growth Of 1000 (GBP) 31/03/2025
Fund:  Baillie Gifford Responsible Global Equity Income Fund B Accumulation
Category:  Global Equity Income
Category Index:  Morningstar Gbl High Div Yld NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 20192020202120222023202431/03
Price Return25.2714.1922.13-6.3515.205.29-2.02
+/- Category8.3512.303.87-5.587.92-5.10-2.81
+/- Category Index--1.77-13.1610.45-8.08-2.75
% Rank in Category34198378176
Trailing Returns (GBP)16/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-1.25   -1.60-1.14
1 Week4.90   2.451.96
1 Month-4.56   0.161.30
3 Months-9.23   -3.72-0.96
6 Months-7.61   -3.71-3.17
YTD-5.75   -2.31-0.29
1 Year-1.46   -4.03-3.33
3 Years Annualised4.74   -0.19-0.33
5 Years Annualised10.76   0.72-0.74
10 Years Annualised-   --
 
Category: Global Equity Income
Category Index: Morningstar Gbl High Div Yld NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-2.02---
20244.251.83-0.46-0.36
20236.412.18-0.356.32
2022-4.06-7.423.841.53
20211.229.372.537.59
2020-12.7217.296.254.98
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageAverage3 star
5-YearAverageAverage3 star
10-Year--Not Rated
OverallAverageAverage3 star
 
Category :  Global Equity IncomeClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev9.56 %
3-Yr Mean Return5.54 %
 
3-Yr Sharpe Ratio0.15
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar Gbl High Div Yld NR USD  Morningstar EU Agg Gbl Tgt Alloc NR EUR
3-Yr Beta0.860.91
3-Yr Alpha-1.82-1.10
 
Investment Style Details31/01/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 77461-
Market Capitalisation% of Equity
Giant39.07
Large41.62
Medium15.95
Small3.36
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings22.301.45
Price/Book5.152.07
Price/Sales4.032.24
Price/Cash Flow17.951.70
Dividend-Yield Factor2.380.70
 
Long-Term Projected Earnings Growth9.611.11
Historical Earnings Growth5.051.15
Sales Growth6.651.91
Cash-Flow Growth6.814.40
Book-Value Growth7.331.53
 
Category: Global Equity Income
Asset Allocation31/01/2025
Asset Allocation
 % Long% Short% Net Assets
Stock97.300.0097.30
Bond0.010.000.01
Property0.000.000.00
Cash3.620.433.19
Other0.000.50-0.50
World Regions31/01/2025
 % of EquityRelative to Category
United States42.270.86
Canada0.000.00
Latin America1.092.45
United Kingdom4.600.50
Eurozone17.851.00
Europe - ex Euro17.272.21
Europe - Emerging0.000.00
Africa1.039.38
Middle East0.000.00
Japan0.900.21
Australasia2.271.80
Asia - Developed8.291.63
Asia - Emerging4.442.79
 
Category: Global Equity Income
Sector Weightings31/01/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials0.910.25
Consumer CyclicalConsumer Cyclical6.560.85
Financial ServicesFinancial Services19.110.92
Consumer DefensiveConsumer Defensive11.290.96
HealthcareHealthcare9.460.74
Communication ServicesCommunication Services3.590.62
IndustrialsIndustrials22.981.88
TechnologyTechnology26.091.66
 
Category: Global Equity Income
Top 10 Holdings31/01/2025
 Portfolio NEW
Total Number of Equity Holdings49
Total Number of Bond Holdings0
Assets in Top 10 Holdings37.83
NameSectorCountry% of Assets
Microsoft Corp311United States4.79
Taiwan Semiconductor Manufacturing Co... 311Taiwan4.79
Fastenal Co310United States4.21
Apple Inc311United States4.11
Procter & Gamble Co205United States3.72
Watsco Inc Ordinary Shares310United States3.52
Partners Group Holding AG103Switzerland3.24
Deutsche Boerse AG103Germany3.19
Novo Nordisk AS Class B206Denmark3.17
Schneider Electric SE310France3.07
 
Increase Decrease New since last portfolio
Category: Global Equity Income
 
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 Date06/12/2018
Fund Advisor(s)
Baillie Gifford & Co
Fund ManagerJames Dow
Manager Start Date06/12/2018
Education
2000, University of St. Andrews, M.A.
2001, London School of Economics, M.S.
 
Biography
James Dow - graduated MA (Hons) in Economics-Philosophy from the University of St Andrews in 2000, and an MSc in Development Studies at the London School of Economics in 2001. He spent three years working at The Scotsman newspaper, where he was the Economics Editor. James joined Baillie Gifford’s graduate scheme in 2004 working as an Investment Manager in our North American Equity Team and as a Global Sector Specialist, before joining the Global Income Growth team. He is a CFA Charterholder.
Fund ManagerRoss Mathison
Manager Start Date01/01/2022
 
Biography
Ross joined Baillie Gifford in 2019 as an investment manager in the Global Income Growth Teamand became Deputy Manager of The Scottish American Investment Company PLC (SAINTS) in August 2023. Previously, he spent a year at Aviva Investors and prior to that nine years at Standard Life Investments as an investment manager, first in the European Equity Team and latterly in the Global Equity Team. Ross is a CFA Charterholder and graduated MA (Hons) in Business and Finance from Heriot-Watt University in 2008. He also sits on the board of directors at Aberlour, a Scottish children’s charity.
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
Initial100000  GBP
Additional1000  GBP
Savings-
Tax Free Savings Schemes
ISAsYes