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

Sell:526.00p Buy:532.00p 0 Change: 20.00p (3.60%)
Market closed Prices as at close on 26 February 2021 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:526.00p
Buy:532.00p
Change: 20.00p (3.60%)
Market closed Prices as at close on 26 February 2021 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:526.00p
Buy:532.00p
Change: 20.00p (3.60%)
Market closed Prices as at close on 26 February 2021 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
Alibaba Group Holding Ltd Ordinary Shares 12.28%
Tencent Holdings Ltd 10.41%
Meituan 4.29%
Ping An Insurance (Group) Co. of China Ltd Class H 4.26%
Kweichow Moutai Co Ltd 3.04%
JD.com Inc Ordinary Shares - Class A 2.32%
China Merchants Bank Co Ltd Class H 2.07%
Li Ning Co Ltd 1.84%
Ping An Bank Co Ltd 1.80%
Contemporary Amperex Technology Co Ltd Class A 1.78%
Sector Weight
Consumer Cyclical 29.55%
Healthcare 15.68%
Communication Services 15.54%
Financial Services 10.15%
Consumer Defensive 7.08%
Technology 6.71%
Industrials 5.92%
Real Estate 1.63%
Utilities 0.96%
Energy 0.89%
Country Weight
China 94.15%
Hong Kong 1.42%
United States 0.38%

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 Executive Management Agreement can be terminated on six months notice.

Dividend Policy

The Company aims to grow its dividend in real terms over the long term. The Company has substantial levels of revenue reserves available to smooth the effect of temporary fluctuations in dividends from investments, where this is viewed as prudent and beneficial for shareholders.

ASSET SPLIT

Total number of holdings: 66.

Trust Manager

Not currently available for this investment trust.

Manager Bio

Not currently available for this investment trust.

Board Of Directors

Susan Platts-MartinChairman, Chris Ralph, Andrew Robson, Dermot McMeekin, 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'.