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BAILLIE GIFFORD GLOBAL DISCOVERY A

BAILLIE GIFFORD GLOBAL DISCOVERY A - Overview

Overview of BAILLIE GIFFORD GLOBAL DISCOVERY A

The fund's objective is to provide above average total returns over the long-term. The manager will invest globally in transferable securities of companies considered to offer excellent future growth prospects. Around 80% of the portfolio is made up of stocks with a market capitalisation of no more than $3bn. Maximum market capitalisation at point of initial purchase is $5bn.

  • Standard Initial Charge 5.00%
  • Initial charge via Bestinvest 0.00%

Fund summary

Sector Global
Structure OEIC
Launched October, 1993
Size £157m
Yield 1.8%
Charging basis Income
Dividends paid Acc units only.

Charges

Standard initial charge 5.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Total expense ratio 1.59%

Risks

Before investing make sure you have understood the risks relevant to the fund by reviewing our Risk Warnings section. Further information on the risks are contained in the fund's Key Investor Information Document, which we make available to you before you make a decision to invest, alternatively it is available on request.

Bestinvest view

No information available.

Portfolio

Allocation Proportion(%)
Equity 95
High yield bonds 0
Quality bonds 0
Property 0
Commodities 0
Hedge 0
Fund cash 5
Allocation Proportion(%)
UK 31
Europe 15
North America 34
Japan 4
Pacific 8
Other Equity 8
Allocation Proportion(%)
Large Caps 4
Mid Caps 42
Small Caps 54

View all performance data for this fund

Investment process

No information available.

Live feed

Bid price(inc) (86.70p) 671.20p
Accum units 671.20p
Fund commentary 09/12/02
Fund data updated on 19/12/14

* This fund is part of our annual bonus scheme to which conditions apply. If you qualify for the bonus it will be paid on any holding of this fund that you have in your Investment, ISA or SIPP accounts.

Asset allocation

Allocation Proportion(%)
Equity 95
High yield bonds 0
Quality bonds 0
Property 0
Commodities 0
Hedge 0
Fund cash 5

Equity Geographic

Allocation Proportion(%)
UK 31
Europe 15
North America 34
Japan 4
Pacific 8
Other Equity 8

Equity Capitalisation

Allocation Propor
tion(%)
Large Caps 4
Mid Caps 42
Small Caps 54

Top 10 holdings

As at: 31/08/2014
4.4% Ip Group
3.8% Alnylam Pharmaceuticals Inc
3.2% Stratasys Ltd
2.7% Marketaxess Hldgs Inc
2.7% Zillow Inc
2.6% Tesla Motors Inc
2.2% Ocado Group Plc
1.8% Dexcom Inc
1.8% Financial Engines Inc
1.7% Morphosys
Source: Trustnet

Sector breakdown

Information Technology 34%
Health Care 22%
Consumer Discretionary 18%
Industrials 10%
Financials 10%
Money Market 5%
Materials 2%
Others 0%

Portfolio details

No information available.

Constraints

The portfolio usually has very little commonality with the benchmark and so performance can be expected to differ markedly on occasions.

Average monthly relative returns Bestinvest MRI
09/10 10/11 11/12 12/13 13/14   3 years 5 years Career 3 years 5 years Career
0.41% 1.65% -0.16%   0.63% 0.39% 95.90% 88.30%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Douglas Brodie

Manager. Brodie graduated with a BSc in Molecular Biology & Biochemistry from the University of Durham in 1997 and DPhil in Molecular Immunology from the University of Oxford in 2001. He joined Baillie Gifford in 2001 and is now head of the Global Discovery team, having previously worked on the UK Team.

Track record

Douglas Brodie has 3.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.39%. During the worst period of relative performance (from February 2014 - April 2014) there was a decline of 11% relative to the index. The worst absolute loss has been 18%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 88%.

Periods of worst performance
Absolute -18% (May 2011 - September 2011)
Relative -11% (February 2014 - April 2014)

Other funds managed

Sector record since May 2011 (4 yrs)




About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

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