Baillie Gifford British Smaller Companies A

  • 695.30p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • -
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 1.50%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 1.53%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 0.00%

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 18 September 2020, fund data last updated 30 November 2003

The fund's objective is to achieve good returns, principally through capital growth, by investing, whether directly or indirectly, in the United Kingdom, principally in smaller companies, in any economic sector.

Fund summary

Sector UK Smaller Companies
Structure OEIC
Launched July, 1998
Size £174m
Yield 0.00%
Charging basis Income
Dividends paid Acc units only


Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.53%


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Investment process

Manager research

Average monthly relative returns

  • 15/16 0.11%
  • 16/17 -0.28%
  • 17/18 0.27%
  • 18/19 -1.03%
  • 19/20 2.56%

Bestinvest MRI

  • 3 years 0.60%
  • 5 years 0.33%
  • Career 0.23%
  • 3 years 84.90%
  • 5 years 82.90%
  • Career 82.40%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Andrew Strathdee

Strathdee graduated with a BA in Natural Sciences from Cambridge in 1991 and gained a PhD in Biological Sciences from Birmingham University in 1994. He joined Baillie Gifford in 1995 and, after working in the Developed Asia and European Equity Teams, is now an Investment Manager in the UK Equity Team.

Track record

Andrew Strathdee has 6.9 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.23%. During the worst period of relative performance (from September 2018 - December 2019) there was a decline of 16% relative to the index. The worst absolute loss has been 33%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 82%.

Periods of worst performance

Absolute -33.00% (September 2018 - March 2020)
Relative -16.00% (September 2018 - December 2019)

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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Top 10 holdings

Data accurate as at 31 July 2020

7.1% Yougov
5% Renishaw Plc
4.8% Creo Medical Group Plc
3.9% Kainos Group Plc
3.8% Boohoo Group Plc
3.7% Genus Plc
3.5% Abcam
3.2% Oxford Instruments
2.7% Ceres Power Hldgs
2.7% Draper Esprit Plc
Source: Trustnet

Sector breakdown

Health Care 21.00%
Consumer Services 20.00%
Industrials 16.00%
Consumer Goods 15.00%
Technology 14.00%
Financials 6.00%
Money Market 4.00%
Oil & Gas 3.00%
Basic Materials 1.00%

Key Investor Information