Overview
Fund objective
The Long Term Global Growth Investment Fund aims to outperform (after deduction of costs) the MSCI ACWI 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 Global 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, AccPrice
1209.00p% change
-0.49%Yield
0.0%Ex-dividend (XD)
NOngoing charges*
0.64%Initial charge
0%Minimum investment
£100,000Minimum top up
£1,000Fund facts
Fund launch date
10 April 2017
Fund size
£1,420.03m
The Investment Association sector
Global
Comparative Index
MSCI ACWI Index from 30 June 2023, previously FTSE All World Index
Active share
89%**
Annual turnover
16%
Guideline number of holdings
30-60
Current number of holdings
38
Style
Growth
XD Date
31 December each year
Distribution
28 February each year
Pricing
Valuation point 10am daily, swinging single price
Fund settlement cycle
Trade date plus two business days (T+2)
**Relative to MSCI ACWI. Source: Baillie Gifford & Co, MSCI.
Ratings
As at: 31 January 2026
Morningstar Medalist Rating™
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, particularly in emerging markets, involves a risk of loss if a custodian becomes insolvent or breaches duties of care.
Emerging Markets
The Fund invests in emerging markets, which includes China, where difficulties with market volatility, political and economic instability including the risk of market shutdown, trading, liquidity, settlement, corporate governance, regulation, legislation and taxation could arise, resulting in a negative impact on the value of your investment.
Concentration
The Fund's concentrated portfolio relative to similar funds 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 NURS-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 | -4.8% | -10.8% | -11.0% | -4.5% | 14.5% | 0.2% |
Index* | 3.4% | 3.9% | 12.3% | 16.8% | 17.1% | 13.1% |
Sector Average** | 3.2% | 4.0% | 9.7% | 14.2% | 12.2% | 8.9% |
Sector Ranking | 581/585 | 580/584 | 578/580 | 545/570 | 187/501 | 421/438 |
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 | 3.9% | -40.1% | 30.7% | 27.8% | 8.8% |
Index* | 20.0% | -7.3% | 15.6% | 20.1% | 14.4% |
Sector Average** | 17.7% | -11.1% | 12.7% | 12.6% | 11.2% |
Fund portfolio holdings
The list of top 10 holdings that this fund invests in.
As at: 28 February 2026
| # | Holding | % of total assets |
|---|---|---|
| 1 | NVIDIA | 6.4% |
| 2 | Amazon.com | 6.3% |
| 3 | ASML | 6.2% |
| 4 | TSMC | 5.0% |
| 5 | AppLovin | 4.4% |
| 6 | Cloudflare | 3.7% |
| 7 | Tencent | 3.7% |
| 8 | Nu Holdings | 3.3% |
| 9 | Spotify | 3.2% |
| 10 | PDD Holdings | 3.0% |
Sector
As at: 28 February 2026
# | Sector | Fund % | Index % * | Difference % |
|---|---|---|---|---|
| 1 | Information Technology | 32.5 | 26.1 | 6.4 |
| 2 | Consumer Discretionary | 28.5 | 9.5 | 18.9 |
| 3 | Communication Services | 12.9 | 8.4 | 4.5 |
| 4 | Industrials | 9.3 | 11.7 | -2.4 |
| 5 | Health Care | 6.9 | 9.0 | -2.1 |
| 6 | Financials | 5.6 | 16.9 | -11.3 |
| 7 | Consumer Staples | 3.2 | 5.5 | -2.3 |
| 8 | Cash | 1.1 | 0.0 | 1.1 |
Total | 100.0 | 87.2 |
Top 10 geographical locations
As at: 28 February 2026
# | Top 10 locations | Fund % | Index % * | Difference % |
|---|---|---|---|---|
| 1 | United States | 45.3 | 61.6 | -16.3 |
| 2 | China | 15.9 | 2.9 | 13.0 |
| 3 | Netherlands | 8.5 | 1.2 | 7.3 |
| 4 | Brazil | 6.2 | 0.6 | 5.6 |
| 5 | Taiwan | 5.0 | 2.7 | 2.3 |
| 6 | Sweden | 3.2 | 0.9 | 2.3 |
| 7 | Singapore | 2.9 | 0.4 | 2.5 |
| 8 | India | 2.8 | 1.6 | 1.2 |
| 9 | France | 2.7 | 2.4 | 0.3 |
| 10 | South Korea | 2.5 | 2.2 | 0.3 |
Total | 94.9 | 76.4 |
Region
As at: 28 February 2026
# | Region | Fund % | Index % * | Difference % |
|---|---|---|---|---|
| 1 | North America | 47.6 | 64.8 | -17.1 |
| 2 | Emerging Markets | 35.1 | 12.0 | 23.1 |
| 3 | Europe (ex UK) | 16.2 | 12.0 | 4.2 |
| 4 | Pacific ex Japan | 0.0 | 2.4 | -2.4 |
| 5 | UK | 0.0 | 3.5 | -3.5 |
| 6 | Japan | 0.0 | 5.4 | -5.4 |
| 7 | Cash | 1.1 | 0.0 | 1.1 |
Total | 100.0 | 100.0 |
Quarterly transactions
Transactions for the three-month period ending 31 March 2026
New purchases
- MakeMyTrip
Complete sales
- The Trade Desk
Additions
- AppLovin
- Axon Enterprise Inc
- Joby Aviation Inc
- Reddit, Inc. Cl A
- Samsara
Reductions
- Netflix Inc
Insights
Key articles, videos and podcasts relating to the fund:
Filters
Insights
MakeMyTrip: cleared for takeoff
India’s travel boom, competitive resilience and AI investment set the stage for MakeMyTrip’s next chapter.
Unprompted insight: the human edge
In an AI-saturated world, face-to-face conversations with company leaders can reveal what metrics miss.
The forge of intelligence
From models to matter, investment manager John MacDougall explores the rise of physical AI.
Smart models, sharp founders: AI’s future
Cutting through the noise to find AI growth companies that will really matter over the next decade.
LTGG Reflections: Duolingo
Why Duolingo is a beneficiary of AI, not a victim – and why for the long-term investor, patience is a virtue.
LTGG Reflections: Cloudflare
How Cloudflare evolved from internet security to AI gatekeeper, controlling content access and reshaping digital economics.
LTGG Reflections: Netflix
Lessons in disruption, adaptability and the conviction required to invest in outliers.
Climate scenarios: so what?
Six themes we think will influence companies’ futures as the world adapts to climate change.
AI revolution: behind the 'overnight' success
AI is revolutionising industries globally. Stewart Hogg explores how AI is reshaping companies and driving long-term growth.
Kweichow Moutai: spirit of China
The fiery spirit that’s a profitable symbol of Chinese culture and luxury.
Algorithmic alchemy: investing with optimism in AI
How artificial intelligence creates growth opportunities and ways for us to serve you better.
Long Term Global Growth Strategy
Investment manager, Mark Urquhart, discusses the Baillie Gifford Long Term Global Growth Strategy.
The 3 traits of great growth stocks
Why real-world problem solving, financial discipline and adaptability are critical to growth.
Growth investing across decades
Mark Urquhart discusses the science and art of picking growth stocks with enduring potential.
Calm reflection during the amygdala hijack
In times of stress stock markets, like people, often revert to act now, think later. Tim Garratt advocates doing the opposite.
MakeMyTrip: cleared for takeoff
India’s travel boom, competitive resilience and AI investment set the stage for MakeMyTrip’s next chapter.Unprompted insight: the human edge
In an AI-saturated world, face-to-face conversations with company leaders can reveal what metrics miss.The forge of intelligence
From models to matter, investment manager John MacDougall explores the rise of physical AI.Smart models, sharp founders: AI’s future
Cutting through the noise to find AI growth companies that will really matter over the next decade.LTGG Reflections: Duolingo
Why Duolingo is a beneficiary of AI, not a victim – and why for the long-term investor, patience is a virtue.LTGG Reflections: Cloudflare
How Cloudflare evolved from internet security to AI gatekeeper, controlling content access and reshaping digital economics.LTGG Reflections: Netflix
Lessons in disruption, adaptability and the conviction required to invest in outliers.Climate scenarios: so what?
Six themes we think will influence companies’ futures as the world adapts to climate change.AI revolution: behind the 'overnight' success
AI is revolutionising industries globally. Stewart Hogg explores how AI is reshaping companies and driving long-term growth.Kweichow Moutai: spirit of China
The fiery spirit that’s a profitable symbol of Chinese culture and luxury.Algorithmic alchemy: investing with optimism in AI
How artificial intelligence creates growth opportunities and ways for us to serve you better.Long Term Global Growth Strategy
Investment manager, Mark Urquhart, discusses the Baillie Gifford Long Term Global Growth Strategy.The 3 traits of great growth stocks
Why real-world problem solving, financial discipline and adaptability are critical to growth.Growth investing across decades
Mark Urquhart discusses the science and art of picking growth stocks with enduring potential.Calm reflection during the amygdala hijack
In times of stress stock markets, like people, often revert to act now, think later. Tim Garratt advocates doing the opposite.
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.