Baillie Gifford Pacific Class B Acc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 30/04/19 to 30/04/20 |
30/04/20 to 30/04/21 |
30/04/21 to 30/04/22 |
30/04/22 to 30/04/23 |
30/04/23 to 30/04/24 |
|
|---|---|---|---|---|---|
| Fund | 8.4% | 74.0% | -10.1% | -12.6% | 13.7% |
| Sector | -5.3% | 38.8% | -8.1% | -4.2% | 4.7% |
| Rank | 2/104 | 3/106 | 62/112 | 114/117 | 5/118 |
| Quartile | 1 | 1 | 3 | 4 | 1 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/04/24 |
5 Years to 30/04/24 |
10 Years to 30/04/24 |
||
| Fund | -3.7% | 11.0% | 12.3% | |
| Sector | -2.7% | 3.9% | 7.3% | |
| Rank | 61/112 | 2/104 | 1/81 | |
| Quartile | 3 | 1 | 1 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 8.60 |
| SAMSUNG ELECTRONICS CO. LTD | 5.60 |
| CNOOC LIMITED | 5.06 |
| RELIANCE INDUSTRIES LIMITED | 4.19 |
| SAMSUNG ELECTRONICS CO. LTD | 3.85 |
| SK HYNIX INC | 3.09 |
| TENCENT HOLDINGS LIMITED | 2.66 |
| ZIJIN MINING GROUP | 2.64 |
| DLF LTD | 2.36 |
| MMG LTD | 2.29 |
| Total | 40.34 |
Fund Aims
Investment Objective The Sub-fund aims to outperform (after deduction of costs) the MSCI AC Asia ex Japan Index, as stated in Sterling, by at least 2% per annum over rolling five-year periods. Investment Policy The Sub-fund will invest at least 90% directly or indirectly in shares of companies in Asia (excluding Japan) and Australasia, being those which are listed, incorporated, domiciled or conducting a significant portion of their business in Asia (excluding Japan) and Australasia. The Sub-fund will be actively managed and will invest in companies of any size and in any sector. The indirect investment will be through collective investment schemes (including those managed or operated by the ACD). To the extent that the Sub-fund is not fully invested directly or indirectly in shares of such companies, the Sub-fund may also invest in other transferable securities of companies in Asia (excluding Japan) and Australasia, money market instruments, deposits and cash. The Sub-fund may not invest in or otherwise use derivatives.
Fund Manager
Ben is an Investment Manager in the Emerging Markets Team. He joined Baillie Gifford in 2017 and has also worked in our UK, Global Discovery and Private Companies teams. He previously worked for RBS in their Group Strategy and Corporate Finance Team. He is also a Chartered Accountant and a CFA Charterholder. Ben graduated BSc (Hons) in Mathematics from the University of Edinburgh in 2012.
Roderick joined Baillie Gifford in 2006 and is an Investment Manager in the Emerging Markets Equity Team. He has managed the Baillie Gifford Pacific Fund since 2010 and has been Manager of Pacific Horizon Investment Trust since 2021 (he was deputy from 2013). Since March 2020, he has also been a manager on the China strategy. He spent time in the UK and European Equity teams prior to joining the Emerging Markets Equity Team in 2008. Roderick graduated BSc (Hons) in Medical Biology from the University of Edinburgh in 2006.
Fund Overview
| Mid (02/05/2024) | 1242.00p |
| Historic yield | 1.32% |
| Fund size (31/03/2024) | £3003.65m |
| Number of holdings | 67 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.71% |
| Launch date | 20/03/2000 |
Asset Allocation
| International Equities | 97.49% | |
| Investment Trusts | 1.49% | |
| Cash and Equivalents | 0.86% | |
| UK Equities | 0.16% |
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. Please remember that past performance is not a reliable indicator of future performance. The figures shown are intended only to demonstrate performance history of the fund and take no account of product charges. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with net income reinvested. The value of your client's investment may go down as well as up and the fund value may be less than the payments your client has made. Please also note that our charges may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. You should refer to your client's policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this report or make any warranties regarding results from its usage.
Asset Allocation
| International Equities | 97.49% | |
| Investment Trusts | 1.49% | |
| Cash and Equivalents | 0.86% | |
| UK Equities | 0.16% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Technology | 27.92% | - | - | - | |
| Technology | - | 27.92% | - | - | |
| Technology Hardware & Equipment | - | - | 19.11% | - | |
| Semiconductors | - | - | - | 14.94% | |
| Production Technology Equipment | - | - | - | 3.34% | |
| Electronic Components | - | - | - | 0.50% | |
| Computer Hardware | - | - | - | 0.33% | |
| Software & Computer Services | - | - | 8.81% | - | |
| Consumer Digital Services | - | - | - | 8.38% | |
| Software | - | - | - | 0.43% | |
| Financials | 22.07% | - | - | - | |
| Banks | - | 12.82% | - | - | |
| Banks | - | - | 12.82% | - | |
| Banks | - | - | - | 12.82% | |
| Financial Services | - | 5.12% | - | - | |
| Investment Banking & Brokerage Services | - | - | 3.01% | - | |
| Investment Services | - | - | - | 2.15% | |
| Asset Managers & Custodians | - | - | - | 0.86% | |
| Equity Investment Instruments | - | - | 1.49% | - | |
| Equity Investment Instruments | - | - | - | 1.49% | |
| Finance & Credit Services | - | - | 0.62% | - | |
| Consumer Lending | - | - | - | 0.62% | |
| Insurance | - | 4.13% | - | - | |
| Life Insurance | - | - | 2.91% | - | |
| Life Insurance | - | - | - | 2.91% | |
| Non-life Insurance | - | - | 1.21% | - | |
| Insurance Brokers | - | - | - | 1.21% | |
| Telecommunications | 11.29% | - | - | - | |
| Telecommunications | - | 11.29% | - | - | |
| Telecommunications Equipment | - | - | 11.29% | - | |
| Telecommunications Equipment | - | - | - | 11.29% | |
| Consumer Discretionary | 10.65% | - | - | - | |
| Retail | - | 4.03% | - | - | |
| Retailers | - | - | 4.03% | - | |
| Diversified Retailers | - | - | - | 2.96% | |
| Specialty Retailers | - | - | - | 1.07% | |
| Consumer Products & Services | - | 2.89% | - | - | |
| Household Goods & Home Construction | - | - | 2.56% | - | |
| Household Appliance | - | - | - | 2.56% | |
| Personal Goods | - | - | 0.33% | - | |
| Clothing & Accessories | - | - | - | 0.33% | |
| Automobiles & Parts | - | 2.17% | - | - | |
| Automobiles & Parts | - | - | 2.17% | - | |
| Automobiles | - | - | - | 2.17% | |
| Travel & Leisure | - | 1.56% | - | - | |
| Travel & Leisure | - | - | 1.56% | - | |
| Restaurants & Bars | - | - | - | 1.56% | |
| Energy | 10.37% | - | - | - | |
| Energy | - | 10.37% | - | - | |
| Non-Renewable Energy | - | - | 10.37% | - | |
| Oil: Crude Producers | - | - | - | 5.23% | |
| Oil Refining and Marketing | - | - | - | 4.19% | |
| Oil Equipment & Services | - | - | - | 0.95% | |
| Real Estate | 5.99% | - | - | - | |
| Real Estate | - | 5.99% | - | - | |
| Real Estate Investment & Services | - | - | 5.99% | - | |
| Real Estate Holding and Development | - | - | - | 5.50% | |
| Real Estate Services | - | - | - | 0.49% | |
| Industrials | 5.16% | - | - | - | |
| Industrial Goods & Services | - | 3.96% | - | - | |
| Industrial Engineering | - | - | 1.75% | - | |
| Machinery: Tools | - | - | - | 0.79% | |
| Machinery: Industrial | - | - | - | 0.64% | |
| Machinery: Specialty | - | - | - | 0.32% | |
| Industrial Transportation | - | - | 1.28% | - | |
| Delivery Services | - | - | - | 1.28% | |
| General Industrials | - | - | 0.94% | - | |
| Diversified Industrials | - | - | - | 0.94% | |
| Construction & Materials | - | 1.20% | - | - | |
| Construction & Materials | - | - | 1.20% | - | |
| Construction | - | - | - | 0.76% | |
| Building Materials: Other | - | - | - | 0.44% | |
| Basic Materials | 4.93% | - | - | - | |
| Basic Resources | - | 4.93% | - | - | |
| Precious Metals & Mining | - | - | 2.64% | - | |
| Gold Mining | - | - | - | 2.64% | |
| Industrial Metals & Mining | - | - | 2.29% | - | |
| Copper | - | - | - | 2.29% | |
| Cash and Equivalents | 0.86% | - | - | - | |
| Consumer Staples | 0.41% | - | - | - | |
| Food, Beverage & Tobacco | - | 0.41% | - | - | |
| Food Producers | - | - | 0.41% | - | |
| Farming, Fishing, Ranching & Plantations | - | - | - | 0.41% | |
| Health Care | 0.36% | - | - | - | |
| Health Care | - | 0.36% | - | - | |
| Medical Equipment & Services | - | - | 0.36% | - | |
| Medical Services | - | - | - | 0.36% | |
| Non-Classified | 0.00% | - | - | - | |
Regional Allocation
| Emerging Asia | 82.45% | |
| Developed Asia | 8.78% | |
| North America | 4.48% | |
| Non-Classified | 3.28% | |
| Cash and Equivalents | 0.86% | |
| UK | 0.16% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 85.70% | |
| Pound Sterling | 7.96% | |
| Euro | 2.00% | |
| Yen | 1.26% | |
| US Dollar | 1.01% | |
| Brazilian Real | 0.55% | |
| Other Currencies | 1.52% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Emerging Asia | 82.45% | - | |
India
|
- | 20.55% | |
South Korea
|
- | 17.50% | |
China
|
- | 17.41% | |
Taiwan
|
- | 15.16% | |
Viet Nam
|
- | 6.14% | |
Indonesia
|
- | 3.88% | |
Kazakhstan
|
- | 1.82% | |
| Developed Asia | 8.78% | - | |
Hong Kong
|
- | 8.78% | |
| North America | 4.48% | - | |
United States
|
- | 4.48% | |
| Non-Classified | 3.28% | - | |
| Cash and Equivalents | 0.86% | - | |
| UK | 0.16% | - | |
United Kingdom
|
- | 0.16% | |
Breakdown By Market Cap (%)
| Mega |
|
47.45% |
| Large |
|
13.34% |
| Medium |
|
18.70% |
| Small |
|
2.36% |
| Micro |
|
0.16% |
| Non-Classified |
|
17.13% |
| Cash |
|
0.86% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | 8.60% | Technology Hardware & Equipment | Taiwan |
| 2 | SAMSUNG ELECTRONICS CO. LTD | 5.60% | Telecommunications Equipment | South Korea |
| 3 | CNOOC LIMITED | 5.06% | Non-Renewable Energy | Hong Kong |
| 4 | RELIANCE INDUSTRIES LIMITED | 4.19% | Non-Renewable Energy | India |
| 5 | SAMSUNG ELECTRONICS CO. LTD | 3.85% | Telecommunications Equipment | South Korea |
| 6 | SK HYNIX INC | 3.09% | Technology Hardware & Equipment | South Korea |
| 7 | TENCENT HOLDINGS LIMITED | 2.66% | Software & Computer Services | China |
| 8 | ZIJIN MINING GROUP | 2.64% | Precious Metals & Mining | China |
| 9 | DLF LTD | 2.36% | Real Estate Investment & Services | India |
| 10 | MMG LTD | 2.29% | Industrial Metals & Mining | Hong Kong |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | - | 27.92% | - | - | - | - | - | - | 27.92% |
| Telecommunications | - | 11.29% | - | - | - | - | - | - | 11.29% |
| Financials | - | 20.58% | - | - | - | - | 1.49% | - | 22.07% |
| Real Estate | - | 5.99% | - | - | - | - | - | - | 5.99% |
| Consumer Discretionary | - | 10.65% | - | - | - | - | - | - | 10.65% |
| Consumer Staples | - | 0.41% | - | - | - | - | - | - | 0.41% |
| Energy | 0.16% | 10.21% | - | - | - | - | - | - | 10.37% |
| Health Care | - | 0.36% | - | - | - | - | - | - | 0.36% |
| Industrials | - | 5.16% | - | - | - | - | - | - | 5.16% |
| Basic Materials | - | 4.93% | - | - | - | - | - | - | 4.93% |
| Cash and Equivalents | - | - | - | - | - | - | - | 0.86% | 0.86% |
| Non-Classified | - | - | - | - | - | - | - | - | - |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | 0606323 |
| Mex Code | BGPAB |
| Isin Code | GB0006063233 |
| Citi Code | BE80 |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.71% |
Aims and Benchmark
| Aims | Investment Objective The Sub-fund aims to outperform (after deduction of costs) the MSCI AC Asia ex Japan Index, as stated in Sterling, by at least 2% per annum over rolling five-year periods. Investment Policy The Sub-fund will invest at least 90% directly or indirectly in shares of companies in Asia (excluding Japan) and Australasia, being those which are listed, incorporated, domiciled or conducting a significant portion of their business in Asia (excluding Japan) and Australasia. The Sub-fund will be actively managed and will invest in companies of any size and in any sector. The indirect investment will be through collective investment schemes (including those managed or operated by the ACD). To the extent that the Sub-fund is not fully invested directly or indirectly in shares of such companies, the Sub-fund may also invest in other transferable securities of companies in Asia (excluding Japan) and Australasia, money market instruments, deposits and cash. The Sub-fund may not invest in or otherwise use derivatives. |
| Benchmark | MSCI AC Asia ex Japan Index + 2% |
| Benchmark Category | - |
| IA Sector | Asia Pacific Excluding Japan |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 10:00 |
| Fund type | OEIC |
| Launch price | £1.00 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Annually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 30 April | 30 June |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| 5.00% | - |
Fund Administration
| Fund Trustee/Depository | NatWest Trustee and Depositary Services Limited |
| Fund Administrator | Internal |
| Fund Registrar | Internal |
| Fund Custodian | Bank of New York Mellon Trust & Depositary Co. Ltd |
Group Details
| Group name | Baillie Gifford & Co |
| Group address | Calton Square 1 Greenside Row Edinburgh EH1 3AN |
| Group telephone | 0800 917 4752 |
| Dealing telephone | 0800 917 4750 |
| trustenquiries@bailliegifford.com | |
| Homepage | www.bailliegifford.com/intermediaries |
| Fax number | 0131 275 3955 |
Dealing
| Minimum Investment | £1000 |
| Minimum Top Up | £0 |
| Minimum Regular Saving | £50 |
| Settlement Period: Buy | 3 days |
| Settlement Period: Sell | 3 days |
| Pricing Basis | Forward |
| Dealing Decimals | - |
Important Information
Ongoing charges may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. You should refer to your client's policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this report or make any warranties regarding results from its usage.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | -0.76 |
| Beta | 1.26 |
| Sharpe | -0.01 |
| Standard Deviation | 17.87 |
| Info Ratio | -0.23 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| Emerging Markets | Yes |
| Concentrated Portfolio | No |
| Smaller Companies | No |
| High Yield Bonds | No |
| Sector Specific | No |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | Yes |
| Higher Risk | No |
| Performance Charges | No |
| Derivative Exposure | No |
| Offshore | No |
| Income Eroding Capital Growth | No |
| Umbrella Liabilities | No |
| New Fund | No |
| Solvency of Depository | No |
| Solvency of Bond Issuers | No |
| Ethical Restrictions | No |
| Liquidity | No |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
Emerging Markets
The fund invests in emerging markets. Generally less well regulated than the UK. There is an increased chance of political and economic instability with less reliable custody, dealing and settlement arrangements. The market(s) can be less liquid. If a fund investing in markets is affected by currency exchange rates, the investment could either increase or decrease. These investments therefore carry more risk.
Value of Investments
The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
Investments Long Term
Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
Exchange Rate
This fund invests in securities outside the UK. The value of investments and any income from them may therefore decrease or increase as a result of changes in exchange rates between currencies.
Returns Are Not Guaranteed
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation
Inflation will reduce the real value of your investments in future.
Taxation and Tax Relief
Levels of taxation and tax relief are subject to change.
Important Information
The risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage. "Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.