Baillie Gifford European Class B Acc

Essentials Portfolio Analysis Background Data Performance View PDF Factsheet
Portfolio data accurate as at:

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 10.9% 55.6% -26.5% -2.6% 4.3%
Sector -7.2% 35.5% -2.6% 10.9% 9.3%
Rank 1/127 4/129 135/135 137/142 127/143
Quartile 1 1 4 4 4

Annualised performance

Annualised
3 Years to
30/04/24		 5 Years to
30/04/24		 10 Years to
30/04/24
Fund -9.3% 5.2% 7.8%
Sector 5.7% 8.2% 7.8%
Rank 135/135 111/127 55/97
Quartile 4 4 3

Top 10 Holdings

Stock % Weight
RYANAIR HLDGS 5.44
TOPICUS.COM INC 5.16
ASML HOLDING N.V. 4.89
SCHIBSTED ASA 4.87
PROSUS N.V. 4.17
ATLAS COPCO AB 3.87
KINGSPAN GROUP 3.56
IMCD NV 3.41
HYPOPORT SE 3.26
AVANZA BANK HOLDING AB 3.21
Total 41.85

Fund Aims

The fund aims to outperform (after deduction of costs) the MSCI Europe ex UK Index, as stated in Sterling, by at least 1.5% per annum over rolling five-year periods. Investment Policy The Sub-fund will invest at least 90% in shares of European companies being those which are listed, incorporated, domiciled or conducting a significant portion of their business in Europe (including Turkey and excluding the UK). The Sub-fund will be actively managed, concentrated and will invest in companies of any size, any European country and in any sector. To the extent that the Sub-fund is not fully invested in shares of European companies, the Sub-fund may also invest in other transferable securities of European companies, money market instruments, deposits and cash. The Sub-fund may not invest in or otherwise use derivatives.

Fund Manager

Chris Davies manager for 4 years and 8 months

Photo of Chris Davies Chris joined Baillie Gifford in 2012 and is an Investment Manager in the Europe Team. He graduated BA (Hons) in Music from the University of Oxford in 2009 and went on to gain an MMus in Music Performance from the Royal Welsh School of Music and Drama in 2010 and an MSc in Music, Mind and Brain from Goldsmiths College in 2011.

Chris Howarth manager for 0 years and 4 months

Photo of Chris Howarth tbc

Stephen Paice manager for 13 years and 1 months

Photo of Stephen Paice Stephen is Head of the European Equity Team and a member of the Pan European Portfolio Construction Group. He joined Baillie Gifford in 2005 and spent time in the US, UK Smaller Companies and Japanese Equities Teams. Stephen graduated BSc (Hons) in Financial Mathematics in 2005.

Fund Overview

Mid (01/05/2024) 2770.00p
Historic yield 0.30%
Fund size (31/03/2024) £409.23m
Number of holdings 42
Entry Charge 0.00%
Ongoing Charges 0.59%
Launch date 06/01/2000

Asset Allocation

pie chart
  International Equities 97.64%
  UK Equities 1.51%
  Cash and Equivalents 0.86%
Portfolio data accurate as at: 31/03/24

Important Information

Source of portfolio data: Broadridge. 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 investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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.

Portfolio data accurate as at:

Asset Allocation

pie chart
  International Equities 97.64%
  UK Equities 1.51%
  Cash and Equivalents 0.86%

Equity Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
 Consumer Discretionary 24.76% - - -
 
 Consumer Products & Services - 15.58% - -
 
 Personal Goods - - 11.37% -
 
 Clothing & Accessories - - - 6.93%
 
 Luxury Items - - - 3.02%
 
 Footwear - - - 1.42%
 
 Consumer Services - - 4.21% -
 
 Consumer Services: Misc. - - - 4.21%
 
 Travel & Leisure - 6.94% - -
 
 Travel & Leisure - - 6.94% -
 
 Airlines - - - 6.94%
 
 Media - 2.24% - -
 
 Media - - 2.24% -
 
 Radio & TV Broadcasters - - - 2.24%
 
 Technology 24.29% - - -
 
 Technology - 24.29% - -
 
 Software & Computer Services - - 18.50% -
 
 Consumer Digital Services - - - 11.39%
 
 Software - - - 7.11%
 
 Technology Hardware & Equipment - - 5.79% -
 
 Production Technology Equipment - - - 4.89%
 
 Semiconductors - - - 0.90%
 
 Industrials 23.41% - - -
 
 Industrial Goods & Services - 18.39% - -
 
 Industrial Engineering - - 7.92% -
 
 Machinery: Construction & Handling - - - 5.34%
 
 Machinery: Specialty - - - 1.72%
 
 Machinery: Industrial - - - 0.87%
 
 Electronic & Electrical Equipment - - 4.40% -
 
 Electrical Components - - - 3.12%
 
 Electronic Equipment: Gauges & Meters - - - 1.28%
 
 Industrial Support Services - - 3.15% -
 
 Transaction Processing Services - - - 3.15%
 
 Industrial Transportation - - 2.92% -
 
 Transportation Services - - - 2.92%
 
 Construction & Materials - 5.03% - -
 
 Construction & Materials - - 5.03% -
 
 Building Materials: Other - - - 5.03%
 
 Financials 13.43% - - -
 
 Financial Services - 10.21% - -
 
 Investment Banking & Brokerage Services - - 10.21% -
 
 Diversified Financial Services - - - 7.53%
 
 Asset Managers & Custodians - - - 2.69%
 
 Banks - 3.21% - -
 
 Banks - - 3.21% -
 
 Banks - - - 3.21%
 
 Health Care 9.28% - - -
 
 Health Care - 9.28% - -
 
 Pharmaceuticals & Biotechnology - - 5.80% -
 
 Biotechnology - - - 5.80%
 
 Medical Equipment & Services - - 3.48% -
 
 Medical Supplies - - - 2.77%
 
 Medical Services - - - 0.71%
 
 Basic Materials 3.41% - - -
 
 Chemicals - 3.41% - -
 
 Chemicals - - 3.41% -
 
 Specialty Chemicals - - - 3.41%
 
 Cash and Equivalents 0.86% - - -
 
 Consumer Staples 0.56% - - -
 
 Food, Beverage & Tobacco - 0.56% - -
 
 Beverages - - 0.56% -
 
 Brewers - - - 0.56%

Regional Allocation

pie chart
  Developed Europe - Excl UK 91.20%
  North America 6.44%
  UK 1.51%
  Cash and Equivalents 0.86%

Fixed Interest Currencies

pie chart
  Non-Fixed Interest Assets 99.07%
  Cash 0.82%
  Euro 0.11%

Regional Breakdown

Expand allCollapse all
Region Country
 
 Developed Europe - Excl UK 91.20% -
 
 Netherlands - 18.34%
 
 Sweden - 16.55%
 
 France - 13.15%
 
 Ireland - 9.00%
 
 Germany - 6.66%
 
 Switzerland - 6.38%
 
 Luxembourg - 5.98%
 
 Norway - 5.74%
 
 Italy - 4.87%
 
 Denmark - 4.52%
 
 North America 6.44% -
 
 Canada - 5.16%
 
 United States - 1.28%
 
 UK 1.51% -
 
 United Kingdom - 1.51%
 
 Cash and Equivalents 0.86% -

Breakdown By Market Cap (%)

Mega
 
 
31.84%
Large
 
 
23.77%
Medium
 
 
26.76%
Small
 
 
0.96%
Micro
 
 
0.64%
Non-Classified
 
 
15.18%
Cash
 
 
0.86%

Top 10 Holdings

Stock % Weight Sector Country
1 RYANAIR HLDGS 5.44% Travel & Leisure Ireland
2 TOPICUS.COM INC 5.16% Software & Computer Services Canada
3 ASML HOLDING N.V. 4.89% Technology Hardware & Equipment Netherlands
4 SCHIBSTED ASA 4.87% Software & Computer Services Norway
5 PROSUS N.V. 4.17% Software & Computer Services Netherlands
6 ATLAS COPCO AB 3.87% Industrial Engineering Sweden
7 KINGSPAN GROUP 3.56% Construction & Materials Ireland
8 IMCD NV 3.41% Chemicals Netherlands
9 HYPOPORT SE 3.26% Investment Banking & Brokerage Services Germany
10 AVANZA BANK HOLDING AB 3.21% Banks Sweden

Dual Aspect Equity Analysis

UK Equities Int'l Equities UK Bonds Int'l Bonds UK Gilts Property Other Cash & Equiv Total
Technology - 24.29% - - - - - - 24.29%
Financials - 13.43% - - - - - - 13.43%
Consumer Discretionary 1.51% 23.26% - - - - - - 24.76%
Consumer Staples - 0.56% - - - - - - 0.56%
Health Care - 9.28% - - - - - - 9.28%
Industrials - 23.41% - - - - - - 23.41%
Basic Materials - 3.41% - - - - - - 3.41%
Cash and Equivalents - - - - - - - 0.86% 0.86%

Important Information

The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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 0605825
Mex Code BGEBA
Isin Code GB0006058258
Citi Code BG90

Fund Charges

Entry Charge 0.00%
Ongoing Charges 0.59%

Aims and Benchmark

Aims The fund aims to outperform (after deduction of costs) the MSCI Europe ex UK Index, as stated in Sterling, by at least 1.5% per annum over rolling five-year periods. Investment Policy The Sub-fund will invest at least 90% in shares of European companies being those which are listed, incorporated, domiciled or conducting a significant portion of their business in Europe (including Turkey and excluding the UK). The Sub-fund will be actively managed, concentrated and will invest in companies of any size, any European country and in any sector. To the extent that the Sub-fund is not fully invested in shares of European companies, the Sub-fund may also invest in other transferable securities of European companies, money market instruments, deposits and cash. The Sub-fund may not invest in or otherwise use derivatives.
Benchmark MSCI Europe ex UK Index + 1.5%
Benchmark Category -
IA Sector Europe Excluding UK

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 Crown Rating of 1

Effect of Deductions

Assuming a growth rate of 6.00% Assuming a growth rate of 7.00%
5.10% -

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
Email 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 information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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 investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their 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.