Proposed Merger of Baillie Gifford Sustainable Growth Fund with Baillie Gifford Global Alpha Paris-Aligned Fund
Details of the proposed merger, together with details regarding the action shareholders should take and the implications for shareholders, can be found in the letter to shareholders. If you have any questions concerning the proposed merger, please contact us on 0800 917 2113 between 9 a.m. and 5 p.m. Monday to Friday or your usual Baillie Gifford contact. Your call may be recorded for training or monitoring purposes. Please note that whilst we will be happy to take your calls and answer general queries, we are not able to provide you with financial advice. If you require financial advice, we recommend that you speak with a financial adviser. Find out more on the Baillie Gifford Global Alpha Paris-Aligned Fund.
Overview
Fund objective
The Sustainable Growth 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 target 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
736.90p% change
0.19%Yield
0.4%Ex-dividend (XD)
NOngoing charges*
0.54%Initial charge
0%Minimum investment
£100,000Minimum top up
£1,000Fund facts
Fund launch date
7 December 2015
Fund size
£325.73m
The Investment Association sector
Global
Comparative Index
MSCI ACWI Index
Active share
91%**
Annual turnover
21%
Guideline number of holdings
55-80
Current number of holdings
55
Style
Growth
XD Date
30 June
Distribution
31 August
Pricing
Valuation point 10am daily, swinging single price
Fund settlement cycle
Trade date plus two business days (T+2)
**Relative to MSCI AC World 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, 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 where difficulties in trading could arise, resulting in a negative impact on the value of your investment.
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.
Environmental, Social and Governance
The Fund invests according to responsible investment criteria and with reference to the ten principles of the United Nations Global Compact for business. This means the Fund will not invest in certain sectors and companies and, therefore, the universe of available investments will be more limited than other funds that do not apply such criteria/ exclusions. The Fund therefore may have different returns than a fund which has no such restrictions.
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 | -1.3% | -1.1% | 0.1% | 2.8% | 6.3% | -3.8% |
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 | 552/585 | 488/584 | 512/580 | 470/570 | 426/501 | 435/438 |
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 | 2.0% | -35.1% | 15.6% | 10.4% | 2.8% |
Index* | 20.1% | -7.6% | 15.9% | 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 | TSMC | 6.3% |
| 2 | Alphabet | 5.6% |
| 3 | Microsoft | 4.9% |
| 4 | Illumina | 3.6% |
| 5 | Prudential | 2.8% |
| 6 | Edwards Lifesciences | 2.8% |
| 7 | Mastercard | 2.7% |
| 8 | MercadoLibre | 2.7% |
| 9 | DSV | 2.7% |
| 10 | New York Times Co | 2.7% |
Sector
As at: 28 February 2026
# | Sector | Fund % | Index % * | Difference % |
|---|---|---|---|---|
| 1 | Industrials | 23.8 | 11.7 | 12.1 |
| 2 | Information Technology | 23.0 | 26.1 | -3.1 |
| 3 | Financials | 14.5 | 16.9 | -2.4 |
| 4 | Health Care | 13.7 | 9.0 | 4.7 |
| 5 | Communication Services | 11.0 | 8.4 | 2.5 |
| 6 | Consumer Discretionary | 6.7 | 9.5 | -2.9 |
| 7 | Consumer Staples | 3.6 | 5.5 | -1.9 |
| 8 | Materials | 1.8 | 4.2 | -2.4 |
| 9 | Real Estate | 0.9 | 1.9 | -0.9 |
| 10 | Cash | 0.9 | 0.0 | 0.9 |
Total | 100.0 | 93.3 |
Top 10 geographical locations
As at: 28 February 2026
# | Top 10 locations | Fund % | Index % * | Difference % |
|---|---|---|---|---|
| 1 | United States | 51.1 | 61.6 | -10.5 |
| 2 | UK | 8.0 | 3.5 | 4.6 |
| 3 | Taiwan | 6.3 | 2.7 | 3.6 |
| 4 | France | 5.5 | 2.4 | 3.1 |
| 5 | Sweden | 4.5 | 0.9 | 3.6 |
| 6 | Japan | 4.3 | 5.4 | -1.1 |
| 7 | Brazil | 4.2 | 0.6 | 3.7 |
| 8 | Denmark | 3.8 | 0.4 | 3.4 |
| 9 | Canada | 3.4 | 3.1 | 0.3 |
| 10 | Hong Kong | 1.9 | 0.5 | 1.4 |
Total | 93.1 | 81.0 |
Region
As at: 28 February 2026
# | Region | Fund % | Index % * | Difference % |
|---|---|---|---|---|
| 1 | North America | 54.5 | 64.8 | -10.3 |
| 2 | Europe (ex UK) | 16.9 | 12.0 | 5.0 |
| 3 | Emerging Markets | 13.4 | 12.0 | 1.4 |
| 4 | UK | 8.0 | 3.5 | 4.6 |
| 5 | Developed Asia Pacific | 6.2 | 7.8 | -1.6 |
| 6 | Cash | 0.9 | 0.0 | 0.9 |
Total | 100.0 | 100.0 |
Quarterly transactions
Transactions for the three-month period ending 31 March 2026
New purchases
- AptarGroup
Complete sales
- Epiroc B
- Sartorius Stedim Biotech
- Workday Inc
Additions
- bioMérieux
- Experian
- Intuit
- Kinaxis
Reductions
- DSV
- Moderna Inc
- UnitedHealth
- YETI Holdings
Insights
Key articles, videos and podcasts relating to the fund:
Filters
Insights
Wise: Stock Story
Thomas Hodges highlights how Wise’s fast, low-cost money transfers enhance global payments.
TSMC: Stock Story
Qian Zhang unwraps TSMC, the company powering modern life.
Atlas Copco: Stock Story
Ben Drury explores how a culture of innovation and decentralisation drives success in industrial technology.
L'Oréal: Stock Story
Katie Muir discusses how innovation and a positive culture have fuelled the success of the world’s leading beauty enterprise.
Climate scenarios: so what?
Six themes we think will influence companies’ futures as the world adapts to climate change.
Sustainable Growth Sustainability Report 2024
Reviewing the difference companies make to the challenges of people, planet and prosperity.
Our best ideas in Japan
Thomas Patchett unwraps Softbank, Rakuten and Eisai, three companies driving new opportunities in Japan.
Our best ideas in the US
Ben James explains why DoorDash, The Trade Desk and CoStar stand out as growth stocks in the US.
Academic collaborations that count
The experts helping us gain an investment edge when thinking about farming, human rights and AI.
Enduring good
What values are important to you? And are they reflected in your investments?
The secrets of enduring growth
Toby Ross reveals the four signs that a company’s growth might endure for decades.
Sustainable Growth: Investing for society
We think investing long-term in companies that benefit society gives us the best chance of outperformance.
Sustainable Growth: owner's manual
How investing in unique companies which seek to benefit society in the long run could bring significant rewards.
Sustainable Growth Sustainability Report
The Sustainable Growth team on climate change, carbon emissions and sustainable growth companies.
Fuelling the energy transition
Active investment and engaging with companies aid the energy transition to a low-carbon future.
Scale as a service
Companies become more efficient as they grow. In the past, that involved big capital outlays and was bad news for challengers. However, as Gary Robinson explains, entrepreneurs can now rent the essential tools from cloud platforms, enabling them to compete more easily.
Wise: Stock Story
Thomas Hodges highlights how Wise’s fast, low-cost money transfers enhance global payments.TSMC: Stock Story
Qian Zhang unwraps TSMC, the company powering modern life.Atlas Copco: Stock Story
Ben Drury explores how a culture of innovation and decentralisation drives success in industrial technology.L'Oréal: Stock Story
Katie Muir discusses how innovation and a positive culture have fuelled the success of the world’s leading beauty enterprise.Climate scenarios: so what?
Six themes we think will influence companies’ futures as the world adapts to climate change.Sustainable Growth Sustainability Report 2024
Reviewing the difference companies make to the challenges of people, planet and prosperity.Our best ideas in Japan
Thomas Patchett unwraps Softbank, Rakuten and Eisai, three companies driving new opportunities in Japan.Our best ideas in the US
Ben James explains why DoorDash, The Trade Desk and CoStar stand out as growth stocks in the US.Academic collaborations that count
The experts helping us gain an investment edge when thinking about farming, human rights and AI.Enduring good
What values are important to you? And are they reflected in your investments?The secrets of enduring growth
Toby Ross reveals the four signs that a company’s growth might endure for decades.Sustainable Growth: Investing for society
We think investing long-term in companies that benefit society gives us the best chance of outperformance.Sustainable Growth: owner's manual
How investing in unique companies which seek to benefit society in the long run could bring significant rewards.Sustainable Growth Sustainability Report
The Sustainable Growth team on climate change, carbon emissions and sustainable growth companies.Fuelling the energy transition
Active investment and engaging with companies aid the energy transition to a low-carbon future.Scale as a service
Companies become more efficient as they grow. In the past, that involved big capital outlays and was bad news for challengers. However, as Gary Robinson explains, entrepreneurs can now rent the essential tools from cloud platforms, enabling them to compete more easily.
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.