Baillie Gifford International Growth Fund
Name
As of 11/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
12.4%
1 yr return
24.4%
3 Yr Avg Return
-8.6%
5 Yr Avg Return
6.0%
Net Assets
$3 B
Holdings in Top 10
45.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.48%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 13.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$200,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
BGEFX - Profile
Distributions
- YTD Total Return 12.4%
- 3 Yr Annualized Total Return -8.6%
- 5 Yr Annualized Total Return 6.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.78%
- Dividend Yield 0.4%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameBaillie Gifford International Growth Fund
-
Fund Family NameBaillie Gifford Funds
-
Inception DateApr 27, 2015
-
Shares Outstanding42176493
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryGB
-
ManagerThomas Coutts
Fund Description
The Fund seeks to meet its objective by investing in a diversified, international portfolio of common stocks and other equity
securities of issuers located in countries of developed and emerging markets.
The Fund invests predominantly in securities issued by companies located in countries outside the U.S., including a range of developed and emerging market countries. The Fund may, however, invest up to 10% of its net assets in common stocks and other equities of companies located in the U.S. Under normal circumstances, the Fund invests in securities of issuers located in at least three countries outside the U.S. and typically maintains substantial exposure to emerging markets. The Fund invests in equity securities either directly or indirectly, such as through depositary receipts, and may invest in preferred stocks, convertible securities and warrants. The Fund is not constrained with respect to market capitalization and may participate in initial public offerings ("IPOs") and in securities offerings that are not registered in the U.S. In selecting companies for investment, the portfolio managers generally consider issuers in both developed and emerging markets.
The portfolio managers employ a bottom-up approach to stock selection and select companies without being constrained by a benchmark. The portfolio managers focus on company research and the long-term outlook of companies and industries. Ideas can come from a wide variety of sources, including, but not limited to, research trips, company meetings, and relationships with industry thought leaders and academic institutions. Stock ideas are normally researched to assess a range of factors, including: long-term growth potential, geographic and industry positioning, competitive advantage, management, financial strength and valuation. The intended outcome is a diversified portfolio of between 50 and 60 growth stocks with the potential to outperform the MSCI ACWI ex USA Index over the long term. The process can result in significant exposure to a single country or a small number of countries. The Fund expects to invest in Chinese companies, among other means, through China A shares, which are common stocks and other equity securities that are listed or traded on a Chinese stock exchange and which are quoted in renminbi, the official currency of China. The Fund aims to hold securities for long periods (typically at least 5 years), which generally results in relatively low portfolio turnover and is in line with the portfolio managers' long-term investment outlook. Because the Fund aims to hold securities for long periods, the Fund does not expect to actively reduce its holdings of shares of particular issuers (other than in response to purchase and redemption requests) even if market movements cause the Fund to operate as a non-diversified company for an extended period of time. Consistent with this investment outlook, the portfolio managers seek to identify companies with the potential to sustain financial growth over the long term. When assessing a company's long-term growth prospects, the portfolio managers seek to identify and to incorporate a range of factors that are material to managing the Fund's investment risks and maximizing capital appreciation. Such factors potentially include the environmental, social, and/or governance characteristics of the company, such as stewardship, sustainable business practices, and/or corporate culture.
The Fund may invest without limitation in securities quoted or denominated in currencies other than the U.S. dollar and may hold such currencies. The Fund does not expect to engage in currency hedging and thus expects to be fully exposed to currency fluctuations relative to the U.S. dollar.
BGEFX - Performance
Return Ranking - Trailing
Period | BGEFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 12.4% | -3.7% | 32.3% | 29.84% |
1 Yr | 24.4% | 6.1% | 43.5% | 23.56% |
3 Yr | -8.6%* | -12.5% | 6.5% | 92.35% |
5 Yr | 6.0%* | -1.3% | 13.6% | 43.71% |
10 Yr | N/A* | 1.9% | 9.8% | 15.21% |
* Annualized
Return Ranking - Calendar
Period | BGEFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 13.9% | -0.4% | 28.6% | 53.93% |
2022 | -34.8% | -49.5% | -15.2% | 88.13% |
2021 | -22.1% | -22.2% | 19.3% | 99.45% |
2020 | 48.0% | -3.7% | 85.0% | 5.43% |
2019 | 35.8% | -4.0% | 45.1% | 5.38% |
Total Return Ranking - Trailing
Period | BGEFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 12.4% | -3.7% | 32.3% | 29.84% |
1 Yr | 24.4% | 6.1% | 43.5% | 23.56% |
3 Yr | -8.6%* | -12.5% | 6.5% | 92.35% |
5 Yr | 6.0%* | -1.3% | 13.6% | 43.71% |
10 Yr | N/A* | 1.9% | 9.8% | 13.27% |
* Annualized
Total Return Ranking - Calendar
Period | BGEFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 14.4% | 1.8% | 28.6% | 70.42% |
2022 | -34.5% | -44.4% | -11.0% | 93.14% |
2021 | -9.3% | -20.6% | 20.5% | 98.09% |
2020 | 63.1% | 7.6% | 97.1% | 1.71% |
2019 | 37.5% | 0.5% | 45.3% | 3.48% |
NAV & Total Return History
BGEFX - Holdings
Concentration Analysis
BGEFX | Category Low | Category High | BGEFX % Rank | |
---|---|---|---|---|
Net Assets | 3 B | 191 K | 140 B | 33.25% |
Number of Holdings | 60 | 4 | 1806 | 64.66% |
Net Assets in Top 10 | 1.39 B | 70.5 K | 36.7 B | 34.29% |
Weighting of Top 10 | 45.88% | 10.1% | 99.9% | 13.61% |
Top 10 Holdings
- ASML Holding NV 6.97%
- MercadoLibre Inc 6.21%
- Spotify Technology SA 5.89%
- Taiwan Semiconductor Manufacturing Co Ltd 5.32%
- Ferrari NV 4.40%
- Atlas Copco AB 4.15%
- Adyen NV 3.83%
- Argenx SE 3.20%
- L'Oreal SA 3.00%
- Wix.com Ltd 2.92%
Asset Allocation
Weighting | Return Low | Return High | BGEFX % Rank | |
---|---|---|---|---|
Stocks | 98.34% | 89.22% | 105.20% | 40.05% |
Preferred Stocks | 1.10% | 0.00% | 10.21% | 11.78% |
Cash | 0.56% | 0.00% | 11.43% | 80.89% |
Other | 0.00% | -0.31% | 3.89% | 59.69% |
Convertible Bonds | 0.00% | 0.00% | 2.45% | 50.92% |
Bonds | 0.00% | 0.00% | 0.03% | 50.79% |
Stock Sector Breakdown
Weighting | Return Low | Return High | BGEFX % Rank | |
---|---|---|---|---|
Consumer Cyclical | 33.42% | 0.00% | 46.28% | 3.67% |
Technology | 20.74% | 1.51% | 38.21% | 26.25% |
Healthcare | 12.63% | 1.36% | 29.58% | 68.77% |
Industrials | 10.35% | 0.68% | 31.28% | 86.35% |
Communication Services | 9.72% | 0.00% | 41.13% | 11.29% |
Financial Services | 7.16% | 0.00% | 38.62% | 87.66% |
Consumer Defense | 5.08% | 0.00% | 25.77% | 83.99% |
Basic Materials | 0.89% | 0.00% | 23.15% | 91.60% |
Utilities | 0.00% | 0.00% | 9.05% | 72.97% |
Real Estate | 0.00% | 0.00% | 6.64% | 72.70% |
Energy | 0.00% | 0.00% | 24.97% | 83.46% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | BGEFX % Rank | |
---|---|---|---|---|
Non US | 70.76% | 0.00% | 99.95% | 83.51% |
US | 27.58% | 0.00% | 99.87% | 15.71% |
BGEFX - Expenses
Operational Fees
BGEFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.48% | 0.01% | 13.07% | 94.74% |
Management Fee | 0.34% | 0.00% | 1.50% | 4.97% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.03% | 0.80% | 35.86% |
Sales Fees
BGEFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | 84.71% |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
BGEFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.25% | 2.00% | 93.46% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
BGEFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 13.00% | 7.00% | 149.00% | 15.52% |
BGEFX - Distributions
Dividend Yield Analysis
BGEFX | Category Low | Category High | BGEFX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.44% | 0.00% | 12.70% | 61.42% |
Dividend Distribution Analysis
BGEFX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
BGEFX | Category Low | Category High | BGEFX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.78% | -1.69% | 3.16% | 22.75% |
Capital Gain Distribution Analysis
BGEFX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 28, 2023 | $0.061 | OrdinaryDividend |
Dec 28, 2022 | $0.053 | CapitalGainShortTerm |
Dec 29, 2021 | $2.748 | OrdinaryDividend |
Dec 29, 2020 | $2.203 | OrdinaryDividend |
Dec 27, 2019 | $0.017 | CapitalGainLongTerm |
Dec 27, 2019 | $0.160 | OrdinaryDividend |
BGEFX - Fund Manager Analysis
Managers
Thomas Coutts
Start Date
Tenure
Tenure Rank
Mar 06, 2008
14.24
14.2%
Thomas Coutts, Partner of Baillie Gifford & Co., which is the 100% owner of Baillie Gifford. He has worked in investment management with Baillie Gifford since 1999, has managed investment portfolios since 2001, and has co-managed a portion of the Portfolio since December 2016. Education: B.A., Trinity College, Oxford.
Lawrence Burns
Start Date
Tenure
Tenure Rank
Dec 31, 2012
9.42
9.4%
Lawrence Burns joined Baillie Gifford as portfolio manager in 2009; member of the International Growth strategy’s portfolio construction group since 2012.
Brian Lum
Start Date
Tenure
Tenure Rank
Dec 31, 2015
6.42
6.4%
Mr. Lum is a portfolio manager in the Manager's International Growth Research Team and became a member of the International Growth Portfolio Construction Group in May 2015. He also Chairs the Manager's International Smaller Companies Portfolio Construction Group. Mr. Lum joined Baillie Gifford in 2006 and initially worked in the North American and Emerging Markets departments, before spending a number of years focused on investment in smaller companies. Mr. Lum graduated MSci and BA (Hons) in Physics from the University of Cambridge in 2006. Mr. Lum has been a member of CFA institution since 2015.
Julia Angeles
Start Date
Tenure
Tenure Rank
Dec 31, 2017
4.42
4.4%
Julia holds a PhD in Economics from the University of Aarhus, Denmark and speaks fluent Russian and Danish. She joined Baillie Gifford in 2008. Before joining Baillie Gifford, Ms. Angeles worked as a Management Consultant at McKinsey & Company. Ms. Angeles has been part of different global and regional teams within Baillie Gifford.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 26.94 | 7.77 | 20.01 |