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Trending ETFs

Name

As of 06/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$13.28

$2.36 B

1.20%

$0.16

0.60%

Vitals

YTD Return

4.7%

1 yr return

8.2%

3 Yr Avg Return

-5.4%

5 Yr Avg Return

4.5%

Net Assets

$2.36 B

Holdings in Top 10

29.2%

52 WEEK LOW AND HIGH

$13.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.60%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 16.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$25,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$13.28

$2.36 B

1.20%

$0.16

0.60%

BGITX - Profile

Distributions

  • YTD Total Return 4.7%
  • 3 Yr Annualized Total Return -5.4%
  • 5 Yr Annualized Total Return 4.5%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 0.94%
DIVIDENDS
  • Dividend Yield 1.2%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Baillie Gifford International Alpha Fund
  • Fund Family Name
    Baillie Gifford Funds
  • Inception Date
    Apr 27, 2015
  • Shares Outstanding
    33299454
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    GB
  • Manager
    Andrew Stobart

Fund Description

The Fund seeks to meet its objective by investing in an international portfolio of equities, which include common stock

and other equity securities, of issuers located in countries of developed and emerging markets.

Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in common stocks and other equity securities. The Fund invests predominantly in securities issued by companies located in countries represented in the MSCI ACWI ex USA Index which includes issuers from a range of developed and emerging market countries. The Fund ordinarily invests in securities of issuers located in at least three countries outside the U.S. 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.

The portfolio managers employ a bottom-up approach to stock selection and principally select companies without being constrained by the MSCI ACWI ex USA 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 70 and 110 growth stocks with the potential to outperform the Fund's benchmark over the long term. The process can result in significant exposure to a single country or a small number of countries, which in recent periods has included Japan. 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. 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.

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BGITX - Performance

Return Ranking - Trailing

Period BGITX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.7% -5.7% 28.5% 67.18%
1 Yr 8.2% -4.9% 32.2% 46.56%
3 Yr -5.4%* -19.0% 9.9% 82.85%
5 Yr 4.5%* -1.8% 13.8% 81.07%
10 Yr N/A* -0.4% 9.5% 56.31%

* Annualized

Return Ranking - Calendar

Period BGITX Return Category Return Low Category Return High Rank in Category (%)
2023 17.2% -0.4% 28.6% 26.21%
2022 -29.9% -49.5% -13.3% 69.49%
2021 -8.1% -22.2% 19.3% 88.59%
2020 23.7% -4.9% 85.0% 38.44%
2019 25.9% -4.0% 45.1% 51.69%

Total Return Ranking - Trailing

Period BGITX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.7% -5.7% 28.5% 67.18%
1 Yr 8.2% -4.9% 32.2% 46.56%
3 Yr -5.4%* -19.0% 9.9% 82.85%
5 Yr 4.5%* -1.8% 13.8% 81.07%
10 Yr N/A* -0.4% 9.5% 52.43%

* Annualized

Total Return Ranking - Calendar

Period BGITX Return Category Return Low Category Return High Rank in Category (%)
2023 18.7% 1.8% 28.6% 21.88%
2022 -28.6% -44.4% -11.0% 75.90%
2021 -0.7% -20.6% 20.5% 88.86%
2020 26.5% -4.9% 97.1% 32.59%
2019 32.1% 0.5% 45.3% 21.23%

NAV & Total Return History


BGITX - Holdings

Concentration Analysis

BGITX Category Low Category High BGITX % Rank
Net Assets 2.36 B 191 K 137 B 39.95%
Number of Holdings 79 4 1799 43.00%
Net Assets in Top 10 725 M 65.4 K 36.5 B 39.69%
Weighting of Top 10 29.19% 12.7% 100.2% 62.09%

Top 10 Holdings

  1. Taiwan Semiconductor Manufacturing Co Ltd 4.63%
  2. MercadoLibre Inc 3.82%
  3. SAP SE 3.44%
  4. Samsung Electronics Co Ltd 3.21%
  5. Ryanair Holdings PLC 3.02%
  6. CRH PLC 2.73%
  7. Kingspan Group PLC 2.19%
  8. Scout24 SE 2.19%
  9. Deutsche Boerse AG 1.99%
  10. Novonesis (Novozymes) B 1.98%

Asset Allocation

Weighting Return Low Return High BGITX % Rank
Stocks
98.88% 87.07% 104.45% 22.90%
Cash
1.12% 0.00% 16.26% 75.32%
Preferred Stocks
0.00% 0.00% 4.57% 63.87%
Other
0.00% -0.33% 2.14% 56.74%
Convertible Bonds
0.00% 0.00% 2.45% 47.96%
Bonds
0.00% 0.00% 0.07% 47.84%

Stock Sector Breakdown

Weighting Return Low Return High BGITX % Rank
Industrials
23.30% 0.68% 31.28% 8.42%
Technology
17.91% 1.51% 38.21% 38.27%
Financial Services
17.76% 0.00% 38.62% 17.60%
Consumer Cyclical
15.21% 0.00% 46.28% 25.26%
Basic Materials
8.57% 0.00% 23.15% 28.32%
Communication Services
7.63% 0.00% 41.13% 23.21%
Consumer Defense
5.90% 0.00% 25.77% 73.98%
Healthcare
3.72% 1.36% 29.58% 96.68%
Utilities
0.00% 0.00% 9.05% 71.17%
Real Estate
0.00% 0.00% 6.64% 71.68%
Energy
0.00% 0.00% 24.97% 81.89%

Stock Geographic Breakdown

Weighting Return Low Return High BGITX % Rank
Non US
85.38% 0.00% 100.08% 47.33%
US
13.50% 0.00% 100.16% 47.33%

BGITX - Expenses

Operational Fees

BGITX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.60% 0.01% 13.07% 88.75%
Management Fee 0.35% 0.00% 1.50% 6.36%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.80% 35.46%

Sales Fees

BGITX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% 87.06%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

BGITX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% 94.77%

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.

BGITX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 16.00% 7.00% 149.00% 24.28%

BGITX - Distributions

Dividend Yield Analysis

BGITX Category Low Category High BGITX % Rank
Dividend Yield 1.20% 0.00% 12.70% 38.52%

Dividend Distribution Analysis

BGITX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual SemiAnnual Annual

Net Income Ratio Analysis

BGITX Category Low Category High BGITX % Rank
Net Income Ratio 0.94% -1.69% 3.16% 13.37%

Capital Gain Distribution Analysis

BGITX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Annually Semi-Annually Annually

Distributions History

View More +

BGITX - Fund Manager Analysis

Managers

Andrew Stobart


Start Date

Tenure

Tenure Rank

Dec 31, 2008

13.42

13.4%

Andrew Stobart joined Baillie Gifford in 1991. He has worked in the Japanese, North American and UK Equity Teams. Prior to joining Baillie Gifford, Mr. Stobart worked for three years in investment banking in London.

Donald Farquharson


Start Date

Tenure

Tenure Rank

Dec 31, 2014

7.42

7.4%

Joined Baillie Gifford in 2008 and became a Partner of Baillie Gifford & Co. in 2017. Mr. Farquharson has over 25 years’ investment experience dedicated almost entirely to Japanese equities. He spent 20 years working for Schroders as a Japanese specialist and subsequently Head of the Pan Pacific equity team and manager of the Schroder Japan Growth Fund plc. Between 1991 and 1995 he headed Schroders’ research team in Tokyo.

Jenny Davis


Start Date

Tenure

Tenure Rank

Dec 31, 2016

5.42

5.4%

Jenny Davis, Portfolio Manager. Miss Davis graduated BA in Music from Oxford University in 2008. She worked for Neptune Investment Management as an Assistant Fund Manager for two years before joining Baillie Gifford in 2011. Ms. Davis works full time conducting research for this team covering stocks in all International regions.

Tom Walsh


Start Date

Tenure

Tenure Rank

Sep 03, 2018

3.74

3.7%

Tom Walsh, CFA, Portfolio Manager, joined Baillie Gifford Overseas Limited in 2009 and is an Investment Manager in the European Equity Team. Mr. Walsh joined the International Focus Portfolio Construction Group in 2014. Tom graduated LLB (Hons) in Law & Economics from the University of Edinburgh in 1999 and is both CFA and ACA qualified. He worked at Fidelity International, Merrill Lynch and Deloitte & Touche before joining Baillie Gifford in 2009.Mr. Walsh has been a member of the ACWI ex-US Alpha PCG since 2018.

Toby Ross


Start Date

Tenure

Tenure Rank

Dec 31, 2018

3.42

3.4%

Toby Ross - graduated MA in English Literature from the University of Cambridge in June 2006 and joined Baillie Gifford in the same year. He spent some time as an Investment Analyst in the UK Equity Team and as a Global Sector Specialist, before joining the Global Income Growth team. Toby is a CFA Charterholder.

Chris Davies


Start Date

Tenure

Tenure Rank

Sep 01, 2021

0.75

0.8%

Mr. Davies joined Baillie Gifford in 2012, starting investment life on the European Equities Team before moving to Fixed Income and then the strategy International Alpha. He now works in the Global Alpha Team as an Investment Manager assisting the three decision makers. Mr. Davies grew up in Merthyr Tydfil in South Wales, and became besotted with music at an early age. His interest led him to take up the horn, which fuelled a lifelong passion for the performing arts and took him to Oxford’s Oriel College where he gained a first-class degree in music in 2009.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 26.94 7.67 20.01