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Baillie Gifford China Growth Trust plc (BGCG) Ordinary 25p Shares

Sell:190.50p Buy:192.00p 0 Change: 2.00p (1.06%)
Market closed Prices as at close on 27 February 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:190.50p
Buy:192.00p
Change: 2.00p (1.06%)
Market closed Prices as at close on 27 February 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:190.50p
Buy:192.00p
Change: 2.00p (1.06%)
Market closed Prices as at close on 27 February 2024 Prices delayed by at least 15 minutes | Switch to live prices |
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Objective

The Trust aims to produce long term capital growth by investing in an actively managed portfolio of Chinese companies. Up to a maximum of 20% of assets may be invested in companies not listed on a public market (measured at time of purchase). We invest on a long-term (5 year) perspective, and have a strong preference for growth. We are looking for significant upside in each stock that we invest in. The process is driven by rigorous, fundamental, bottom-up analysis undertaken by our dedicated emerging markets team, with input from our China office. The fund managers draw on this analysis, as well as insights gleaned from discussion with all of Baillie Gifford’s global investors, to produce a portfolio that typically holds 40–80 stocks.
Security Weight
Bytedance Ltd Series E-1 Pref. 7.82%
Tencent Holdings Ltd 7.57%
Alibaba Group Holding Ltd Ordinary Shares 6.49%
Kweichow Moutai Co Ltd Class A 5.61%
Ping An Insurance (Group) Co. of China Ltd Class H 3.27%
Zhejiang Sanhua Intelligent Controls Co Ltd Class 2.98%
Zijin Mining Group Co Ltd Class H 2.84%
Meituan Class B 2.68%
China Merchants Bank Co Ltd Class H 2.66%
NetEase Inc Ordinary Shares 2.52%
Sector Weight
Consumer Cyclical 25.00%
Industrials 14.38%
Communication Services 10.81%
Healthcare 10.01%
Technology 8.51%
Consumer Defensive 7.75%
Financial Services 7.11%
Basic Materials 4.84%
Real Estate 1.33%
Utilities 1.04%
Country Weight
China 89.21%
Taiwan 1.57%

Fee Structure

The annual management fee of i 0.75 % of NAV on the first GBP 50m plus ii 0.65 % of NAV between GBP50m and GBP250m plus iii 0.55% of NAV in excess of GBP250m. This is calculated and payable on a quarterly basis. The Investment Management Agreement can be terminated on three months notice.

Dividend Policy

The aim is to achieve its total return through a focus on long term capital growth, rather than income. However, in order to qualify as an investment trust, the Company is not permitted to retain more than 15% of eligible investment income arising during any accounting period. Accordingly, the Board's policy is that any dividend paid will be by way of a final dividend and be not less than the minimum required for the Company to maintain its investment trust status. This will result in future dividends being significantly less than we are paying in respect of the financial year ended 31 January 2022.

ASSET SPLIT

Total number of holdings: 67.

Trust Manager

Not currently available for this investment trust.

Manager Bio

Not currently available for this investment trust.

Board Of Directors

Susan Platts-MartinChairman, Jonathan Silver, Timothy Clissold, Nicholas Pink, Magdalene Miller

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. Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.