Morningstar Fund Report  | 11/04/2025Print

Baillie Gifford Global Income Growth Fund C Accumulation

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Baillie Gifford Global Income Growth Fund C Accumulation
Fund21.0-5.713.45.1-0.9
+/-Cat2.7-4.96.1-5.3-1.7
+/-B’mrk0.6-12.58.7-8.3-1.7
 
Category: Global Equity Income
Category Benchmark: Morningstar Gbl High Div Yl...
Key Stats
NAV
10/04/2025		 GBX 2521.00
Day Change 4.22%
Morningstar Category™ Global Equity Income
IA (formerly IMA) Sector Global Equity Income
ISIN GB0005786826
Fund Size (Mil)
10/04/2025		 GBP 474.01
Share Class Size (Mil)
31/03/2025		 GBP 49.80
Max Initial Charge -
Ongoing Charge
06/02/2025		  0.03%
Investment Objective: Baillie Gifford Global Income Growth Fund C 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. The Sub-fund will be actively managed and will invest in companies of any size and any sector.
Returns
Trailing Returns (GBP)10/04/2025
YTD-5.12
3 Years Annualised4.13
5 Years Annualised10.75
10 Years Annualised9.72
12 Month Yield 2.31
Management
Manager Name
Start Date
James Dow
31/01/2015
Ross Mathison
01/01/2022
Inception Date
31/03/2010

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI ACWI NR GBPMorningstar Gbl High Div Yld NR USD
Portfolio Profile for  Baillie Gifford Global Income Growth Fund C Accumulation31/01/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock97.700.0097.70
Bond0.000.000.00
Property0.000.000.00
Cash1.980.631.35
Other0.950.000.95
Top 5 Regions%
United States41.31
Eurozone17.10
Europe - ex Euro16.62
Asia - Developed7.71
United Kingdom5.95
Top 5 Sectors%
Technology21.68
Industrials21.08
Financial Services19.44
Consumer Defensive14.98
Consumer Cyclical11.24
Top 5 HoldingsSector%
Microsoft CorpTechnologyTechnology4.32
Fastenal CoIndustrialsIndustrials3.75
Partners Group Holding AGFinancial ServicesFinancial Services3.58
Apple IncTechnologyTechnology3.53
Taiwan Semiconductor Manufacturi... TechnologyTechnology3.52
Increase Decrease New since last portfolio
Baillie Gifford Global Income Growth Fund C Accumulation
Growth Of 1000 (GBP) 31/03/2025
Fund:  Baillie Gifford Global Income Growth Fund C 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
 201820192020202120222023202431/03
Price Return-3.7524.6915.1420.98-5.6713.415.06-0.94
+/- Category2.167.7713.252.73-4.906.13-5.33-1.73
+/- Category Index---0.63-12.488.65-8.31-1.68
% Rank in Category-
Trailing Returns (GBP)10/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day4.22   5.200.78
1 Week-2.25   5.543.62
1 Month-8.29   1.18-1.55
3 Months-7.32   0.99-0.52
6 Months-7.38   -1.37-3.81
YTD-5.12   1.33-0.12
1 Year-3.19   -1.96-4.43
3 Years Annualised4.13   0.76-0.76
5 Years Annualised10.75   1.44-0.33
10 Years Annualised9.72   2.631.93
 
Category: Global Equity Income
Category Index: Morningstar Gbl High Div Yld NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-0.94---
20244.231.480.71-1.37
20235.871.23-0.085.90
2022-4.15-6.622.742.58
20211.189.511.397.70
2020-13.0817.296.306.25
 
 
 
Morningstar Rating™(Relative to Category)-
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-Year--Not Rated
5-Year--Not Rated
10-Year--Not Rated
Overall--Not Rated
 
Category :  Global Equity IncomeClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev9.34 %
3-Yr Mean Return5.56 %
 
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 Beta0.870.92
3-Yr Alpha-1.81-1.06
 
Investment Style Details31/01/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 70527-
Market Capitalisation% of Equity
Giant36.88
Large44.41
Medium15.31
Small3.40
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings21.411.35
Price/Book4.911.91
Price/Sales3.882.09
Price/Cash Flow17.201.55
Dividend-Yield Factor2.520.76
 
Long-Term Projected Earnings Growth8.660.97
Historical Earnings Growth5.211.32
Sales Growth6.412.01
Cash-Flow Growth5.154.75
Book-Value Growth7.211.61
 
Category: Global Equity Income
Asset Allocation31/01/2025
Asset Allocation
 % Long% Short% Net Assets
Stock97.700.0097.70
Bond0.000.000.00
Property0.000.000.00
Cash1.980.631.35
Other0.950.000.95
World Regions31/01/2025
 % of EquityRelative to Category
United States41.310.83
Canada0.000.00
Latin America1.392.79
United Kingdom5.950.64
Eurozone17.100.96
Europe - ex Euro16.622.19
Europe - Emerging0.000.00
Africa0.928.58
Middle East0.000.00
Japan1.380.33
Australasia1.941.55
Asia - Developed7.711.48
Asia - Emerging5.673.77
 
Category: Global Equity Income
Sector Weightings31/01/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials0.760.20
Consumer CyclicalConsumer Cyclical11.241.43
Financial ServicesFinancial Services19.440.96
Consumer DefensiveConsumer Defensive14.981.33
HealthcareHealthcare7.570.60
Communication ServicesCommunication Services3.260.57
IndustrialsIndustrials21.081.69
TechnologyTechnology21.681.32
 
Category: Global Equity Income
Top 10 Holdings31/01/2025
 Portfolio NEW
Total Number of Equity Holdings55
Total Number of Bond Holdings0
Assets in Top 10 Holdings33.61
NameSectorCountry% of Assets
Microsoft Corp311United States4.32
Fastenal Co310United States3.75
Partners Group Holding AG103Switzerland3.58
Apple Inc311United States3.53
Taiwan Semiconductor Manufacturing Co... 311Taiwan3.52
Procter & Gamble Co205United States3.41
Deutsche Boerse AG103Germany3.21
Atlas Copco AB Class A310Sweden2.79
Wolters Kluwer NV310Netherlands2.76
Schneider Electric SE310France2.75
 
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 Date31/03/2010
Fund Advisor(s)
Baillie Gifford & Co
Fund ManagerJames Dow
Manager Start Date31/01/2015
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 Chargen/a
Ongoing Charge0.03%
Purchase Details
Minimum Investments
Initial250000  GBP
Additional-
Savings-
Tax Free Savings Schemes
ISAsYes