Baillie Gifford Investment Funds ICVC-Baillie Gifford Multi Asset Growth Fund B1 Accumulation

Mixed Asset 0-40% Equity

New for 2020. Aims to deliver investment growth whatever the weather

Baillie Gifford Multi Asset Growth sits in the targeted absolute returns sector, so it has been added to our Rated Funds for 2020 for investors who seek investment growth whatever the weather. Although this is not guaranteed, the fund has comfortably exceeded its target over short, medium and long timeframes. It aims to achieve an annualised return over five years 3.5% higher than the UK base rate. It only launched in 2015, but it has returned an annualised 5.4% since. It also aims to achieve a positive return over three-year periods and is up 5.1% a year since 2016, with annualised volatility of returns below 10%. Annualised volatility since inception is 4.4%.

The fund can invest in a wide range of asset classes, including equities, government and corporate bonds, emerging market debt, property, commodities, infrastructure and absolute return funds. This fund takes a team-based approach, in line with Baillie Gifford as a whole, and has five named managers. When constructing the portfolio, they consider the prospects for returns and risks over the 12 months to come. Asset allocation varies over time, depending on where they see the best opportunities.

At the end of 2019 the fund was well- diversified across a host of asset classes. Its largest allocations were to listed equities, government bonds, emerging market bonds and property, each of which commanded a double-digit percentage of assets. Five of its top 10 holdings were other Baillie Gifford funds.

Narrative and ratings content all as of January 2020.

See all Money Observer rated funds
Name
Baillie Gifford Investment Funds ICVC-Baillie Gifford Multi Asset Growth Fund B1 Accumulation
Manager
Baillie Gifford & Co Limited.
Type
Open Ended Investment Company
ISIN
GB00BY9C5Y31
Sector
Targeted Absolute Return
Launched
08/12/2015
OCF
0.57 %
Risk Rating
3
3 Year Sharpe
-0.01
3 Year Alpha
-3.03
Yield
1.5 %
Benchmark
UK Base Rate +3.5% pa
The Sub-fund aims to achieve (after deduction of costs): an annualised return over rolling five-years periods that is 3.5% more than UK Base Rate a positive return over rolling three-year periods annualised volatility of returns over rolling five-year periods that is below 10% There is no guarantee that a positive return will be achieved over rolling three-year periods, or any time period, and capital may be at risk.
Holding %
Baillie Gifford Emerging Mkts Bd C Acc 8.00 %
Baillie Gifford Em Mkts Lead Coms C Acc 5.51 %
United States Treasury Notes 0.14% 5.27 %
Baillie Gifford European C Acc 5.10 %
Japan 10yr Bond (Ose) Future Mar 20 3.54 %
Goldman Sachs Cross Asset Trend Portfolio 3.30 %
Japan (Government Of) 0.1% 3.26 %
United States Treasury Notes 0.68% 3.06 %
10 Year Treasury Note Future June 20 2.89 %
10 Year Treasury Note Future June 20 2.89 %
Region %
Eurozone 29.82 %
United Kingdom 27.16 %
Japan 8.39 %
Asia - Emerging 8.24 %
United States 7.49 %
Europe - ex Euro 6.65 %
Asia - Developed 5.42 %
Sector %
Real Estate 29.09 %
Financial Services 12.31 %
Industrials 11.73 %
Technology 8.87 %
Consumer Cyclical 8.64 %
Utilities 7.93 %
Communication Services 7.24 %
Name
Baillie Gifford & Co Limited.
Address
EH1 3AN, Edinburgh, United Kingdom
UCITS
No
Legal Structure
Open Ended Investment Company

Managers

Scott Lothian
Joined 12/28/2015

Scott graduated BSc in Actuarial Mathematics and Statistics from Heriot-Watt University in 1999; he is also a Fellow of the Institute of Actuaries. Prior to joining Baillie Gifford in 2015 he worked for Schroders in London, BEA Union in Hong Kong and Towers Watson. Scott is an Investment Manager in the Multi Asset Team.

Patrick Edwardson
Joined 12/08/2015

Patrick graduated BSc in Banking and International Finance from Cass Business School in 1993. He joined Baillie Gifford the same year and after his initial training he joined the Fixed Income Team where he spent five years as an Investment Manager. In 2000, Patrick moved to the UK Equity Team and took on the management of UK equity assets for balanced clients and various UK income portfolios. In 2007 he began initial development of our Diversified Growth product and is Head of the Multi Asset Team. Patrick became a Partner in 2005.

James Squires
Joined 12/08/2015

James graduated BA in Mathematics and Philosophy from Oxford University in 2005. He joined Baillie Gifford in 2006, initially working in our North American Equity and Fixed Income Teams before joining the Diversified Growth Team in 2008 where he is an Investment Manager. He is now an Investment Manager in the Multi Asset Team. James is a member of the Investment Risk Committee and has been a CFA Charterholder since 2010.

David McIntyre
Joined 12/08/2015

David graduated BA in History and Politics from Oxford University in 2004. He previously worked for KPMG and in 2007 qualified as a Chartered Accountant. David joined Baillie Gifford in 2008 and worked in the Fixed Income and European Equity Teams before becoming an Investment Manager in the Diversified Growth Team. He is now an Investment Manager in the Multi Asset Team.

Felix Amoako
Joined 12/08/2015

Felix graduated Bachelor of Commerce in Accounting from University of Cape Coast, Ghana in 2008 and MSc in Investment Analysis from Stirling University in 2010. Felix joined Baillie Gifford in 2011 and is an Investment Manger in the Multi Asset Team.

Data provided by Morningstar.

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