Baillie Gifford Positive Change Class B - Accumulation (GBP)






Income and accumulation units
With income units, any income is paid as cash. This can be withdrawn, reinvested or simply held on your account. With accumulation units any income is retained within the fund; the number of units remains the same but the price of each unit increases by the amount of income generated within the fund. Generally accumulation units offer a slightly more efficient way to reinvest income, although many investors will choose to hold income units and reinvest the income to buy extra units.
×Charges and Savings
Initial charges | |
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Initial charge: | 0.00% |
Initial saving from HL: | 0.00% |
HL dealing charge: | Free |
Net initial charge: | 0.00% |
Annual charges | |||
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Performance fee: | No | ||
Ongoing charge (OCF/TER): | 0.53% | ||
Ongoing saving from HL: | 0.00% | ||
Net ongoing charge: | 0.53% | ||
There are other unit types of this fund available: | |||
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In some cases the ongoing savings are provided by our loyalty bonus. Loyalty bonuses are tax-free in an ISA or SIPP. However, they may be subject to tax in a Fund & Share Account which would, in effect, reduce their value and increase the net ongoing charge.
Other Information
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Performance
25/05/17 to 25/05/18 | 25/05/18 to 25/05/19 | 25/05/19 to 25/05/20 | 25/05/20 to 25/05/21 | 25/05/21 to 25/05/22 | |
---|---|---|---|---|---|
Annual return | 35.13% | 1.52% | 47.66% | 44.22% | -20.80% |
Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.
View fund chartOur view on this fund
The Baillie Gifford Positive Change fund aims to deliver long-term growth by investing in companies capable of disrupting entire industries, where sustainability gives them an advantage over competitors. Every investment should have a positive impact on the environment or society, so the fund could work well as part of a...
Our latest articleIn this fund update, Investment Analyst Dominic Rowles shares our analysis on the manager, process, culture, cost and performance of the Baillie Gifford Positive Change fund.
Fund Objective
Investment Objective The Sub-fund aims to outperform (after deduction of costs) the MSCI AC World Index, as stated in Sterling, by at least 2% per annum over rolling five-year periods. Investment Policy The Sub-fund will invest at least 90% in shares of companies anywhere in the world whose products or behaviour make a positive impact on society and/or the environment in the investment managers opinion. Investments will be made in companies addressing critical challenges in areas such as, but not limited to; education, social inclusion, healthcare and the environment. The Sub-fund will be actively managed, concentrated and will invest in shares of companies of any size, any country and in any sector. Investments will be made following a process of fundamental business analysis by the investment manager using its own research to identify companies where delivering a positive impact is core to their business and whose products or services represent an improvement to the status quo. To the extent that the Sub-fund is not fully invested in shares, the Sub-fund may also invest in other transferable securities of companies anywhere in the world, money market instruments, deposits and cash. The Sub-fund may not invest in or otherwise use derivatives
Income Details
Security | Weight |
---|---|
ASML HOLDING N.V. | 8.77% |
TAIWAN SEMICONDUCTOR MANUFACTURING CO. | 7.91% |
TESLA INC | 5.95% |
DEERE & CO | 5.47% |
DEXCOM INC | 5.31% |
MERCADOLIBRE INC | 4.57% |
MODERNA INC | 4.56% |
ILLUMINA INC | 4.42% |
ORSTED A/S | 4.25% |
BANK RAKYAT INDONESIA (PERSERO) TBK PT | 4.04% |
Sector | Weight |
---|---|
Pharmaceuticals & Biotechnology | 17.99% |
Technology Hardware & Equipment | 16.69% |
Medical Equipment & Services | 11.41% |
Consumer Services | 6.95% |
Automobiles & Parts | 5.95% |
Industrial Engineering | 5.47% |
Chemicals | 5.42% |
Electricity | 4.25% |
Banks | 4.04% |
Health Care Providers | 3.67% |
Country | Weight |
---|---|
United States | 47.55% |
Denmark | 9.73% |
Netherlands | 8.77% |
Taiwan | 7.91% |
Indonesia | 4.04% |
India | 3.52% |
Belgium | 3.31% |
South Africa | 2.64% |
Japan | 2.63% |
Sweden | 2.12% |
Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by Morningstar, correct as at 25 May 2022. Data provided by Broadridge, correct as at 30 April 2022.


4 If you elect to receive the income from a Vantage ISA or Vantage Fund & Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.