fund
Baillie Gifford Developed Asia Pacific B
Invests in the developed countries in the Asia Pacific region, such as Hong Kong, Singapore and Australia.
-
675.60p
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.
-
758.80p
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?
-
1.00% 0.00%
Initial chargeSome 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!
-
0.55%
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).
-
0.60%
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.
-
0.80%
Yield
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…
To Fund aims to maximise the total return through investment in equities in any economic sectors of any of the markets included in the MSCI Pacific Index. Although this fund is managed out of Baillie Gifford's offices in Edinburgh, the absence of a local presence does not appear to have detracted from longer term performance. The fund benefits from an experienced team, and diligent process, which mainly targets growth stocks.
Fund summary
| Sector | Asia Pacific Including Japan |
| Structure | OEIC |
| Launched | April, 2003 |
| Size | £248m |
| Yield | 0.80% |
| Charging basis | Income |
| Dividends paid | Apr. |
Charges
| Standard initial charge | 1.00% |
| Initial charge via Bestinvest | 0.00% |
| Additional bid/offer spread | 0.00% |
| Annual management charge | 0.55% |
| Ongoing charges figure | 0.60% |
Allocation
Proportion (%)
-
{{chartDataItem.text}}{{chartDataItem.value}}
Allocation
Proportion (%)
-
{{chartDataItem.text}}{{chartDataItem.value}}
Allocation
Proportion (%)
-
{{chartDataItem.text}}{{chartDataItem.value}}
Investment process
The fund aims to maximise the total return through investment, whether direct or indirect,in any economic sectors of any of the markets included in the FTSEAll World Developed Asia Pacific ex Japan Index or any successor or substitute index, in each case as modified from time to time. The process is stock driven and as such sector weightings are purely a result of stock selection. Growth companies are generally sought, with the managers employing a GARP (Growth at a Reasonable Price) approach.
Manager research
Average monthly relative returns
- 16/17 -0.21%
- 17/18 0.33%
- 18/19 0.30%
- 19/20 -0.06%
- 20/21 0.44%
Bestinvest MRI
- 3 years 0.23%
- 5 years 0.16%
- Career 0.26%
- 3 years 77.60%
- 5 years 79.70%
- Career 92.20%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
Iain Campbell
Campbell is a portfolio Manager and member of the International Focus Portfolio Construction Group. He joined Baillie Gifford & Co. in 2004
Track record
Iain Campbell has 6.5 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.26%. During the worst period of relative performance (from May 2016 - September 2017) there was a decline of 9% relative to the index. The worst absolute loss has been 17%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 92%.
Periods of worst performance
| Absolute | -17.00% (July 2019 - March 2020) |
| Relative | -9.00% (May 2016 - September 2017) |
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.
Allocation
Proportion (%)
-
{{chartDataItem.text}}{{chartDataItem.value}}
Allocation
Proportion (%)
-
{{chartDataItem.text}}{{chartDataItem.value}}
Allocation
Proportion (%)
-
{{chartDataItem.text}}{{chartDataItem.value}}
Top 10 holdings
Data accurate as at 31 July 2020
| 7.1% | Bg Japanese Smaller Cos Fund |
| 4.5% | Softbank Group Corp |
| 3.7% | Shiseido Co |
| 3.7% | Olympus Corp |
| 3.7% | Smc Corp |
| 3.6% | Shimano Inc |
| 3.5% | Hong Kong Exchanges & Clearing |
| 3.2% | Sugi Holdings Co Ltd |
| 3% | Sbi Hldgs Inc |
| 2.7% | United Overseas Bank |
| Source: Trustnet |
Portfolio
The portfolio tends to have between 50-60 stocks.
Constraints
The fund tends to be heavily weighted to Australia and Hong Kong, given its objective of investing in the "developed" Pacific markets.