Morningstar Fund Report  | 05/04/2025Print

Baillie Gifford Managed Fund A Accumulation

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Baillie Gifford Managed Fund A Accumulation
Fund3.2-25.19.77.8-2.8
+/-Cat-7.9-15.01.3-1.2-1.5
+/-B’mrk-9.1-17.8-1.0-3.5-2.2
 
Category: GBP Allocation 60-80% Equity
Category Benchmark: Morningstar UK Mod Adv Tgt ...
Key Stats
NAV
04/04/2025		 GBX 1132.00
Day Change -1.48%
Morningstar Category™ GBP Allocation 60-80% Equity
IA (formerly IMA) Sector Mixed Investment 40-85% Shares
ISIN GB0006007891
Fund Size (Mil)
03/04/2025		 GBP 4447.20
Share Class Size (Mil)
28/02/2025		 GBP 3.56
Max Initial Charge -
Ongoing Charge
06/02/2025		  1.53%
Investment Objective: Baillie Gifford Managed Fund A Accumulation
The Sub-fund aims to achieve capital growth over rolling five-year periods. The Sub-fund will be actively managed and will invest in a combination of shares, bonds and cash with a minimum of 60% in shares and 10% in bonds and cash.
Returns
Trailing Returns (GBP)04/04/2025
YTD-5.27
3 Years Annualised-0.84
5 Years Annualised5.76
10 Years Annualised5.58
12 Month Yield 0.81
Management
Manager Name
Start Date
Iain McCombie
01/11/2012
Steven Hay
01/11/2012
Inception Date
01/04/1987

Category Benchmark
Fund BenchmarkMorningstar Benchmark
IA Mixed Invest 40 - 85% SharesMorningstar UK Mod Adv Tgt Alloc NR GBP
Portfolio Profile for  Baillie Gifford Managed Fund A Accumulation31/01/2025
Morningstar Style Box®
Equity Style
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock76.950.0076.95
Bond34.777.9326.84
Property0.000.000.00
Cash42.5146.63-4.12
Other0.340.000.34
Fixed Income
Effective Maturity-
Effective Duration-
Top 5 Regions%
United Kingdom24.89
United States24.16
Eurozone12.45
Japan10.52
Europe - ex Euro10.27
Top 5 Sectors%
Technology18.68
Industrials15.58
Consumer Cyclical15.52
Communication Services14.46
Financial Services14.38
Top 5 HoldingsSector%
Future on 5 Year Treasury Note2.15
Amazon.com IncConsumer CyclicalConsumer Cyclical1.52
United Kingdom of Great Britain ... 1.38
Taiwan Semiconductor Manufacturi... TechnologyTechnology1.36
Meta Platforms Inc Class ACommunication ServicesCommunication Services1.33
Increase Decrease New since last portfolio
Baillie Gifford Managed Fund A Accumulation
Growth Of 1000 (GBP) 31/03/2025
Fund:  Baillie Gifford Managed Fund A Accumulation
Category:  GBP Allocation 60-80% Equity
Category Index:  Morningstar UK Mod Adv Tgt Alloc NR GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-3.6419.9832.423.21-25.119.697.75-2.76
+/- Category2.734.3127.17-7.93-15.031.33-1.24-1.50
+/- Category Index--27.90-9.06-17.84-0.97-3.48-2.23
% Rank in Category159199100296978
Trailing Returns (GBP)04/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-1.48   -0.321.08
1 Week-3.99   -1.74-1.07
1 Month-7.06   -2.67-2.11
3 Months-5.98   -3.29-2.52
6 Months-4.63   -3.09-3.64
YTD-5.27   -3.03-2.66
1 Year-0.79   -3.25-4.40
3 Years Annualised-0.84   -3.50-5.22
5 Years Annualised5.76   -2.15-3.38
10 Years Annualised5.58   0.78-0.51
 
Category: GBP Allocation 60-80% Equity
Category Index: Morningstar UK Mod Adv Tgt Alloc NR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-2.76---
20243.880.262.510.93
20234.251.04-3.197.57
2022-13.78-15.75-0.213.31
2021-1.917.87-0.51-1.96
2020-10.3824.488.449.46
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearBelow AverageHigh1 star
5-YearAverageHigh2 star
10-YearAbove AverageHigh4 star
OverallAverageHigh3 star
 
Category :  GBP Allocation 60-80% EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev13.34 %
3-Yr Mean Return0.81 %
 
3-Yr Sharpe Ratio-0.24
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar UK Mod Adv Tgt Alloc NR GBP  Morningstar EU Agg Gbl Tgt Alloc NR EUR
3-Yr Beta1.391.29
3-Yr Alpha-5.25-6.52
 
Investment Style Details31/01/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 24333-
Market Capitalisation% of Equity
Giant32.62
Large21.35
Medium35.96
Small9.19
Micro0.87
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings19.291.11
Price/Book2.991.12
Price/Sales1.790.95
Price/Cash Flow14.251.24
Dividend-Yield Factor1.480.66
 
Long-Term Projected Earnings Growth12.191.23
Historical Earnings Growth7.140.95
Sales Growth5.370.99
Cash-Flow Growth10.251.61
Book-Value Growth5.860.97
 
Category: GBP Allocation 60-80% Equity
Fixed Income Style-
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)GBP 5057
Maturity Distribution %
1 to 323.54
3 to 519.46
5 to 710.44
7 to 1015.02
10 to 155.83
15 to 202.83
20 to 305.90
Over 300.55
Effective Maturity-
Effective Duration-
Credit Quality Breakdown %     %
AAA -   BB-
AA-   B-
A-   Below B-
BBB-   Not Rated-
 
Category: GBP Allocation 60-80% Equity
Asset Allocation31/01/2025
Asset Allocation
 % Long% Short% Net Assets
Stock76.950.0076.95
Bond34.777.9326.84
Property0.000.000.00
Cash42.5146.63-4.12
Other0.340.000.34
World Regions31/01/2025
 % of EquityRelative to Category
United States24.160.46
Canada2.052.15
Latin America2.013.64
United Kingdom24.891.30
Eurozone12.451.35
Europe - ex Euro10.272.46
Europe - Emerging1.156.76
Africa0.000.00
Middle East0.140.45
Japan10.521.70
Australasia1.562.55
Asia - Developed5.251.60
Asia - Emerging5.541.72
 
Category: GBP Allocation 60-80% Equity
Sector Weightings31/01/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials3.810.97
Consumer CyclicalConsumer Cyclical15.521.45
Financial ServicesFinancial Services14.380.83
Real EstateReal Estate1.020.40
Consumer DefensiveConsumer Defensive6.000.92
HealthcareHealthcare9.880.84
Communication ServicesCommunication Services14.461.93
EnergyEnergy0.660.18
IndustrialsIndustrials15.581.23
TechnologyTechnology18.680.90
 
Category: GBP Allocation 60-80% Equity
Top 10 Holdings31/01/2025
 Portfolio NEW
Total Number of Equity Holdings199
Total Number of Bond Holdings167
Assets in Top 10 Holdings13.41
NameSectorCountry% of Assets
Future on 5 Year Treasury NoteUnited States2.15
Amazon.com Inc102United States1.52
United Kingdom of Great Britain and N... United Kingdom1.38
Taiwan Semiconductor Manufacturing Co... 311Taiwan1.36
Meta Platforms Inc Class A308United States1.33
10 Year Treasury Note Future Mar 25United States1.24
Shopify Inc Registered Shs -A- Subord... 311Canada1.19
Cloudflare Inc311United States1.09
DSV AS310Denmark1.08
Netflix Inc308United States1.06
 
Increase Decrease New since last portfolio
Category: GBP Allocation 60-80% 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 Date01/04/1987
Fund Advisor(s)
Baillie Gifford & Co
Fund ManagerIain McCombie
Manager Start Date01/11/2012
Career Start Year1993
Education
1991, Aberdeen University, M.A.
 
Biography
Iain is a founding member of the Global Stewardship Portfolio Construction Group and is the lead manager of our UK Core strategy. Iain served as Chief of Investment Staff from 2013 to 2018 and became a Partner of the firm in 2005. He initially joined Baillie Gifford in 1994 and spent five years training as an Investment Manager in the US Equities Team before joining the UK Equity Team in 1999. Iain graduated MA in Accountancy from the University of Aberdeen and subsequently trained as a Chartered Accountant.
Fund ManagerSteven Hay
Manager Start Date01/11/2012
Education
1992, University of Glasgow, B.A.
1993, Warwick University, M.S.
 
Biography
Steven graduated BAcc in Economics and Accountancy from the University of Glasgow in 1992 and completed an MSc in Economics from Warwick University in 1993. Prior to joining Baillie Gifford, Steven was a fixed income investment manager with Scottish Widows. His experience includes seven years undertaking analysis and research for the Bank of England’s Monetary Policy Committee, and involvement in managing the UK’s foreign exchange reserves. Steven joined Baillie Gifford in 2004 and is Head of the Rates and Currencies Team.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.50%
Ongoing Charge1.53%
Purchase Details
Minimum Investments
Initial1000  GBP
Additional100  GBP
Savings-
Tax Free Savings Schemes
ISAsYes