Overview
Fund objective
The Developed Asia Pacific Fund aims to outperform (after deduction of costs) the MSCI Pacific Index, as stated in sterling, over rolling five-year periods.
The manager believes this is an appropriate benchmark given the investment policy of the Fund and the approach taken by the manager when investing. In addition, the manager believes an appropriate performance comparison for this Fund is the Investment Association Asia Pacific including Japan Sector.
There is no guarantee that this objective will be achieved over any time period and actual investment returns may differ from this objective, particularly over shorter time periods.
Investment proposition
Share price and charges
Share class
B, IncPrice
557.10p% change
-1.42%Yield
1.0%Ex-dividend (XD)
NOngoing charges*
0.65%Initial charge
0%Minimum investment
£100,000Minimum top up
£1,000Fund facts
Fund launch date
20 June 2001
Fund size
£53.56m
The Investment Association sector
Asia Pacific including Japan
Comparative Index
MSCI Pacific Index (in sterling)
Active share
79%**
Annual turnover
23%
Guideline number of holdings
30-50
Current number of holdings
47
Style
Growth
XD Date
Last day of April each year
Distribution
Last day of June each year
Pricing
Valuation point 10am daily, swinging single price
Fund settlement cycle
Trade date plus three business days (T+3)
**Relative to MSCI Pacific Index. Source: Baillie Gifford & Co, MSCI.
Meet the managers
Risk Warnings
Risk Introduction
Investment markets can go down as well as up and market conditions can change rapidly. The value of an investment in the Fund, and any income from it, can fall as well as rise and investors may not get back the amount invested. The specific risks associated with the Fund include:
Custody
Custody of assets involves a risk of loss if a custodian becomes insolvent or breaches duties of care.
Concentration
The Fund's concentration in a particular geographical area or industry may result in large movements in the share price in the short term.
Foreign Currency
The Fund has exposure to foreign currencies and changes in the rates of exchange will cause the value of any investment, and income from it, to fall as well as rise and you may not get back the amount invested.
Volatility
The Fund's share price can be volatile due to movements in the prices of the underlying holdings and the basis on which the Fund is priced.
Further Information
Further details of the risks associated with investing in the Fund can be found in the Key Investor Information Document or the Prospectus, copies of which are available at bailliegifford.com.
Index disclaimer
Fund performance
Periodic performance
As at: 28 February 2026
1 Month | 3 Months | 6 Months | 1 Year | 3 Years | 5 Years | |
|---|---|---|---|---|---|---|
Class B-Acc | 5.3% | 5.6% | 3.4% | 8.1% | 4.4% | -1.3% |
Index* | 9.8% | 14.4% | 19.9% | 31.8% | 15.9% | 10.1% |
Sector Average** | 8.2% | 13.3% | 19.4% | 28.2% | 11.1% | 4.4% |
Sector Ranking | 11/11 | 11/11 | 11/11 | 11/11 | 9/10 | 9/9 |
Figures for 3 and 5 years are shown as the annualised rate of return. This is the average yearly return over the specified period.
Annual discrete performance
As at: 31 December 2025
31/12/2020 – 31/12/2021 | 31/12/2021 – 31/12/2022 | 31/12/2022 – 31/12/2023 | 31/12/2023 – 31/12/2024 | 31/12/2024 – 31/12/2025 | |
|---|---|---|---|---|---|
Class B-Acc | -2.0% | -16.3% | 0.1% | 3.3% | 2.9% |
Index* | 3.8% | -1.8% | 9.1% | 9.2% | 15.1% |
Sector Average** | 1.4% | -11.6% | 2.0% | 6.1% | 12.9% |
Fund portfolio holdings
The list of top 10 holdings that this fund invests in.
As at: 28 February 2026
| # | Holding | % of total assets |
|---|---|---|
| 1 | Baillie Gifford Japanese Smaller Cos Fund | 5.7% |
| 2 | United Overseas Bank | 5.1% |
| 3 | Tokyo Electron | 4.3% |
| 4 | Sony | 4.1% |
| 5 | Fast Retailing | 3.6% |
| 6 | BHP Group | 3.6% |
| 7 | SoftBank Group | 3.5% |
| 8 | Techtronic Industries | 3.3% |
| 9 | WHSP | 3.1% |
| 10 | Chugai Pharmaceutical | 3.1% |
Sector
As at: 28 February 2026
# | Sector | Fund % | Index % * | Difference % |
|---|---|---|---|---|
| 1 | Financials | 21.1 | 26.1 | -5.0 |
| 2 | Industrials | 17.8 | 21.3 | -3.5 |
| 3 | Information Technology | 13.8 | 10.1 | 3.7 |
| 4 | Consumer Discretionary | 12.0 | 13.1 | -1.0 |
| 5 | Communication Services | 8.7 | 5.1 | 3.6 |
| 6 | Materials | 7.8 | 7.4 | 0.5 |
| 7 | Health Care | 6.8 | 5.7 | 1.1 |
| 8 | Baillie Gifford Pooled Funds | 5.7 | 0.0 | 5.7 |
| 9 | Consumer Staples | 5.4 | 3.9 | 1.6 |
| 10 | Cash | 0.8 | 0.0 | 0.8 |
Total | 100.0 | 92.6 |
Top 10 geographical locations
As at: 28 February 2026
# | Top 10 locations | Fund % | Index % * | Difference % |
|---|---|---|---|---|
| 1 | Japan | 67.1 | 69.1 | -1.9 |
| 2 | Australia | 14.0 | 19.7 | -5.7 |
| 3 | Hong Kong | 9.1 | 5.9 | 3.2 |
| 4 | Singapore | 7.6 | 4.8 | 2.8 |
| 5 | New Zealand | 1.4 | 0.5 | 0.9 |
Total | 99.2 | 100.0 |
Quarterly transactions
Transactions for the three-month period ending 31 March 2026
New purchases
- Kyoto Financial Group Inc
- Reece Ltd
- Santos Ltd
Complete sales
- CyberAgent Inc
- Sysmex Corp
- Tencent
How to invest
You can invest in our funds via a number of fund platforms.
Please note that we do not have the facility for you to invest directly with us in our Investment Trusts and we do not offer ISAs, SIPPS or Share Plans.
Please also note that we do not have an online service for individual investors.
Further information on our funds can be found in the relevant Key Information and Prospectus Documents, which are available in English and will be sent to you free of charge on request.
Baillie Gifford does not sponsor, maintain or have any control over the content of any other websites. Therefore, we are not responsible for the adequacy or accuracy of any of the information you may view, nor do we undertake to ensure successful transmission to any linked website.
Investment platforms
Getting financial advice
At Baillie Gifford we don’t provide financial advice, but we do try our best to provide you with all the information we think you might need to make investment decisions. Of course, we realise there are occasions when you may want the advice of an expert.
Using professional financial advice
An authorised intermediary can give you advice and help on how best to manage your financial affairs based on your circumstances and investment aspirations. They can also help keep track of all your different investment interests, saving you a lot of time and bookkeeping.
Finding a financial adviser near you
If you want to use an authorised intermediary, Unbiased is a website that allows you to search for authorised intermediaries in your area. You can visit their site on www.unbiased.co.uk
Documents
You can access any literature about the Fund here.
To download any document you will need Adobe Reader. Please note that we can now provide you with Braille and audio transcriptions of our literature on request. It may take up to 10 days for the transcription to be completed dependent on the size of the document.