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BGLTX Baillie Gifford Long Term Global Gr Eq 2

  • Fund
  • BGLTX
  • Price as of: Apr 22, 2019
  • $18.51
  • + $0.00
  • + 0.02%
  • Category
  • Uncategorized

BGLTX - Profile

Vitals

  • YTD Return 19.3%
  • 3 Yr Annualized Return 22.2%
  • 5 Yr Annualized Return N/A
  • Net Assets $186 M
  • Holdings in Top 10 56.8%

52 WEEK LOW AND HIGH

$18.51
$14.90
$21.47

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.79%

SALES FEES

  • Front Load 0.10%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 16.00%

TRADING FEES

  • Max Redemption Fee 0.10%

Min Investment

Closed to new investors as of 2017-05-01

STANDARD (TAXABLE)

$25,000,000

IRA

N/A

Investment Themes

CATEGORY

Uncategorized
  • Fund Type Open End Mutual Fund
  • Investment Style World Large Stock

Distributions

  • YTD Total Return 19.3%
  • 3 Yr Annualized Total Return 22.2%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency None
  • Net Income Ratio -0.22%
DIVIDENDS
  • Dividend Yield N/A
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name Baillie Gifford The Long Term Global Growth Equity Fund
  • Fund Family Name Baillie Gifford Funds
  • Inception Date Jun 10, 2014
  • Shares Outstanding 3527913
  • Share Class B
  • Currency USD
  • Domiciled Country United States
  • Manager Tom Slater

Fund Description

Under normal circumstances, the fund invests at least 80% of its net assets in equity securities. While the portfolio managers are not constrained by geographic limitations, it ordinarily invests in securities of issuers located in at least six different countries. In addition, under normal circumstances, the fund will invest at least 40% of its total assets in securities of companies located outside the U.S. when market conditions are favorable, but, when market conditions are not favorable, will invest at least 30% of its total assets in companies located outside the U.S. It is non-diversified.

BGLTX - Performance

Return Ranking - Trailing

Period BGLTX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 19.3% -100.0% 255.6% 3.55% 1
1 Yr 8.1% -100.0% 130.8% 19.17% 1
3 Yr 22.2% * -100.0% 35.2% 0.61% 1
5 Yr N/A * -100.0% 31.2% N/A N/A
10 Yr N/A * -100.0% 26.4% N/A N/A

* Annualized


Return Ranking - Calendar

Period BGLTX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -10.5% -99.4% 17840.0% 45.69% 4
2017 54.1% -78.9% 256.0% 0.17% 1
2016 -4.3% -75.8% 9900.0% 59.38% 5
2015 N/A -100.0% 102.9% N/A N/A
2014 N/A -100.0% 52.5% N/A N/A

Total Return Ranking - Trailing

Period BGLTX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 19.3% -100.0% 255.6% 3.71% 1
1 Yr 8.1% -100.0% 85.0% 18.54% 1
3 Yr 22.2% * -100.0% 35.2% 0.60% 1
5 Yr N/A * -100.0% 35.0% N/A N/A
10 Yr N/A * -100.0% 57.7% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period BGLTX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -10.5% -99.4% 9900.0% 46.61% 4
2017 54.1% -78.9% 256.0% 0.17% 1
2016 -4.3% -75.8% 1566.8% 66.86% 5
2015 N/A -100.0% 368.4% N/A N/A
2014 N/A -100.0% 222.5% N/A N/A

NAV & Total Return History

BGLTX - Holdings

Filings data as of: Mar 31, 2019

Concentration Analysis

BGLTX Category Low Category High BGLTX % Rank Quintile
Net Assets 186 M 0 773 B 27.38% 3
Number of Holdings 33 1 12343 10.77% 4
Net Assets in Top 10 143 M -1.14 B 135 B 17.24% 2
Weighting of Top 10 56.8% 0.0% 20474.3% 11.40% 2

Top 10 Holdings

  1. Amazon.com Inc 8.45%
  2. Illumina Inc 7.69%
  3. Facebook Inc A 4.60%
  4. Tencent Holdings Ltd 7.56%
  5. Tesla Inc 4.76%
  6. Alibaba Group Holding Ltd ADR 7.23%
  7. Kering SA 4.73%
  8. Netflix Inc 4.53%
  9. Alphabet Inc Class C 3.70%
  10. NVIDIA Corp 3.53%

Asset Allocation

Weighting Category Low Category High BGLTX % Rank Quintile
Stocks
98.20% -139.64% 292.26% 3.59% 1
Cash
1.80% -664.42% 7388.76% 19.17% 4
Preferred Stocks
0.00% -21.20% 79.25% 5.49% 3
Other
0.00% -7288.76% 764.42% 9.18% 4
Convertible Bonds
0.00% -0.37% 144.58% 5.13% 3
Bonds
0.00% -234.98% 334.49% 26.65% 4

Stock Sector Breakdown

Weighting Category Low Category High BGLTX % Rank Quintile
Technology
40.66% -12.25% 89.88% 0.72% 1
Consumer Cyclical
36.75% -27.57% 78.32% 0.15% 1
Healthcare
15.95% -9.85% 98.18% 4.20% 1
Consumer Defense
3.16% -6.67% 66.36% 16.78% 4
Financial Services
1.67% -13.54% 92.29% 27.89% 4
Utilities
0.00% -11.62% 87.74% 13.50% 4
Real Estate
0.00% -8.52% 100.00% 16.28% 4
Industrials
0.00% -19.53% 100.00% 27.14% 5
Energy
0.00% -10.34% 174.34% 20.68% 5
Communication Services
0.00% -3.38% 39.72% 13.73% 4
Basic Materials
0.00% -9.89% 99.95% 17.04% 5

Stock Geographic Breakdown

Weighting Category Low Category High BGLTX % Rank Quintile
US
55.19% -139.64% 289.81% 14.61% 2
Non US
43.01% -35.82% 159.65% 7.91% 1

BGLTX - Expenses

Operational Fees

BGLTX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.79% -2.86% 1279.35% 12.16% 2
Management Fee 0.45% 0.00% 2.87% 2.07% 2
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.06% 0.00% 465000.00% 1.88% 2

Sales Fees

BGLTX Fees (% of AUM) Category Low Category High BGLTX Rank Quintile
Front Load 0.10% 0.00% 25.00% 2.89% 1
Deferred Load N/A 0.50% 6.00% N/A N/A

Trading Fees

BGLTX Fees (% of AUM) Category Low Category High BGLTX Rank Quintile
Max Redemption Fee 0.10% 0.00% 2.00% 1.35% 1

Turnover 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.

BGLTX Fees (% of AUM) Category Low Category High BGLTX Rank Quintile
Turnover 16.00% 0.00% 12930.00% 11.81% 1

BGLTX - Distributions

Dividend Yield Analysis

BGLTX Category Low Category High BGLTX % Rank Quintile
Dividend Yield N/A 0.00% 107.25% N/A N/A

Dividend Distribution Analysis

BGLTX Category Low Category High Category Mode
Dividend Distribution Frequency None Annually Daily Annually

Net Income Ratio Analysis

BGLTX Category Low Category High BGLTX % Rank Quintile
Net Income Ratio -0.22% -6.90% 11.58% 11.41% 5

Capital Gain Distribution Analysis

BGLTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Annually Daily Annually

BGLTX - Managers

Tom Slater

Manager

Start Date

Jun 10, 2014

Tenure

4.81

Tenure Rank

4.1%

Tom graduated BSc in Computer Science with Mathematics from the University of Edinburgh in 2000. He joined Baillie Gifford the same year and worked in the Developed Asia and UK Equity Teams before joining the Long Term Global Growth Team at the start of 2009. Tom became a Partner in the firm in 2012. Tom was appointed Joint Manager of Scottish Mortgage Investment Trust in January 2015 having served as Deputy Manager for the previous five years. In 2015 Tom was appointed Head of the North American Equities Team and is a decision maker on Long Term Global Growth portfolios. Tom’s investment interest is focused on high growth companies both in listed equity markets and as an investor in private companies.


James K. Anderson

Manager

Start Date

Jun 10, 2014

Tenure

4.81

Tenure Rank

4.1%

James graduated BA in History from Oxford University and after postgraduate study in Italy and Canada he gained an MA in International Affairs in 1982. He is a Trustee of the Johns Hopkins University. He joined Baillie Gifford in 1983 and became a Partner in 1987. He headed our European Equity team until 2003 when he founded our Long Term Global Growth strategy. He has Chaired the EAFE Alpha Portfolio Group since its inception in 2003 and has been the Manager and then Joint Manager of Scottish Mortgage Investment Trust since 2000. In 2015 James became the Chair of our newly formed Equity Improvement Group. He has also served as a member of the Advisory Board of the government sponsored Kay Review and as Chair of the subsequent industry working group that set up the UK Investor Forum.


Mark Urquhart

Manager

Start Date

Jun 10, 2014

Tenure

4.81

Tenure Rank

4.1%

Mark graduated BA in Philosophy, Politics and Economics from Oxford University in 1992. He spent a year at Harvard as a Kennedy Scholar in 1993 before completing a PhD in Politics at the University of Edinburgh in 1996. Mark joined Baillie Gifford in 1996 and was an Investment Manager in the Japanese Equity Team, until joining our Long Term Global Growth Team when it was established in 2003. Mark became a Partner in 2004.


John MacDougall

Manager

Start Date

Dec 31, 2015

Tenure

3.25

Tenure Rank

4.9%

John joined Baillie Gifford in 2000 and became a Partner of Baillie Gifford & Co. in 2012 after graduating MA in Ancient and Modern History from Oxford University. After a year in the North American department John joined the Japanese team where, from 2007 onwards, he managed the Shin Nippon Investment Trust which invests in high growth, small and medium sized companies. In 2011, John moved to the recently established Global Discovery team which focuses on identifying rapidly growing, innovation led, smaller businesses from around the world. During this period he had a particular focus on unearthing new investment opportunities in Emerging Markets, and Asia in particular. In late 2015 John joined the Long Term Global Growth Team. He will continue as Deputy Manager of our global small cap investment trust, Edinburgh Worldwide.


Tenure Analysis

Category Low

0.0

Category High

56.0

Category Average

4.63

Category Mode

4.3