Baillie Gifford Emerging Markets Leading Companies B

  • 575.60p
    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.

  • 668.40p
    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 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!

  • 0.72%
    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).

  • 0.81%
    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.

  • 1.00%
    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…

Prices as at 22 June 2021

The fund's objective is to produce attractive returns over the long term through investments in a concentrated portfolio of larger and more tradable companies in emerging markets worldwide.

Fund summary

Sector Global Emerging Markets
Structure OEIC
Launched January, 2006
Size £1,065m
Yield 1.00%
Charging basis Income
Dividends paid 1 May

Charges

Standard initial charge 1.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.72%
Ongoing charges figure 0.81%

Allocation

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Investment process

The fund's aim is to maximise the total return through investment primarily in a concentrated portfolio of the larger and more tradable companies, as measured by the value of their freely floating shares and value of shares traded in emerging markets worldwide and in any economic sectors of such markets.

Manager research

Average monthly relative returns

  • 16/17 0.52%
  • 17/18 0.13%
  • 18/19 0.66%
  • 19/20 0.60%
  • 20/21 0.71%

Bestinvest MRI

  • 3 years 0.66%
  • 5 years 0.52%
  • Career 0.22%
  • 3 years 99.80%
  • 5 years 99.80%
  • Career 98.80%

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

William Sutcliffe

Sutcliffe graduated from Glasgow University with a MA in History in 1996. He joined Baillie Gifford in 1999 and is now an Investment Manager in the Emerging Markets Investment Team.

Track record

William Sutcliffe has 11.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.22%. During the worst period of relative performance (from July 2010 - January 2013) there was a decline of 11% relative to the index. The worst absolute loss has been 24%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 99%.

Periods of worst performance

Absolute -24.00% (December 2010 - September 2011)
Relative -11.00% (July 2010 - January 2013)

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

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Top 10 holdings

Data accurate as at 31 July 2020

9.8% Taiwan Semiconductor Manufacturing
8.5% Alibaba Group Hldg Ltd
7.1% Samsung Electronics Co
5.2% Tencent Hldgs Limited
5% Mercadolibre Inc
4.8% Ping An Insurance(Gr)Co Of China
4.3% Meituan Dianping
4% Jd.com
3.9% Reliance Industries
3.8% Naspers
Source: Trustnet

Key Investor Information - Income

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Key Investor Information - Accumulation

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