Baillie Gifford Global Income Growth A

Targets both income and capital growth plus high yield from equities worldwide.

  • 730.30p
    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.

  • 1606.00p
    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).

  • 1.57%
    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.

  • 2.30%
    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 18 September 2020, fund data last updated 04 December 2002

Fund summary

Sector Global Equity Income
Structure OEIC
Launched March, 2010
Size £633m
Yield 2.30%
Charging basis
Dividends paid 31 Mar, 30 Jun, 30 Sep, 31 Dec

Charges

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 1.57%

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Investment process

The fund's aim is to obtain a yield higher than that generally available from investment in global equities whilst, over the longer term, achieving growth in both capital and income. The Fund will invest principally in equities worldwide, but may also invest in convertibles and fixed and floating rate debt instruments from time to time.

Manager research

Average monthly relative returns

  • 15/16 0.10%
  • 16/17 -0.14%
  • 17/18 -0.34%
  • 18/19 0.06%
  • 19/20 0.12%

Bestinvest MRI

  • 3 years -0.05%
  • 5 years -0.04%
  • Career -0.04%
  • 3 years 49.60%
  • 5 years 52.40%
  • Career 52.40%

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

Dominic Neary / James Dow / Toby Ross

Neary graduated from Oxford University with a BA in Mathematics and an MSc in Statistics before completing a PhD in Statistics at Reading University. He subsequently spent three years as a post-doctoral research fellow in quantitative genetics before moving to fund management, initially with Stewart Ivory and latterly with Insight Investment where he was responsible for the development, launch and management of the Absolute Insight International Equity Market Neutral funds. Neary joined Baillie Gifford in early 2009 as an Investment Manager in the newly launched Diversified Growth Fund.

Track record

Dominic Neary / James Dow / Toby Ross has 5.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.04%. During the worst period of relative performance (from March 2016 - September 2018) there was a decline of 8% relative to the index. The worst absolute loss has been 14%.

Periods of worst performance

Absolute -14.00% (July 2019 - March 2020)
Relative -8.00% (March 2016 - September 2018)

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

3.6% Taiwan Semiconductor Manufacturing
3.3% Fastenal Co
3.3% Procter & Gamble Co
3.3% United Parcel Service Inc
3.3% Roche Hldg Ag
3.2% Deutsche Borse Ag
3% Nestle Sa
3% Sonic Healthcare Ltd
2.9% Microsoft Corp
2.8% B3 S.a. - Brasil, Bolsa, Balcao
Source: Trustnet

Sector breakdown

Financials 22.00%
Consumer Goods 20.00%
Industrials 18.00%
Technology 14.00%
Health Care 11.00%
Consumer Services 8.00%
Basic Materials 6.00%
Telecommunications 1.00%

Key Investor Information - Income

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Key Investor Information - Accumulation

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