SCOTTISH MORTGAGE INVESTMENT TRUST
COSTS MAKE A REAL DIFFERENCE TO PERFORMANCE – OUR ONGOING CHARGES ARE JUST 0.44%*.
SOME OPPORTUNITIES ARE MORE EXCLUSIVETHANOTHERS.
A company’s ability to exhibit exponential growth lies at the heart of the Scottish Mortgage Investment Trust, managed by Baillie Gifford. Our portfolio consists of around 80 of what we believe are the most exciting companies in the world today. Our vision is long term and we invest with no limits on geographical or sector exposure. Baillie Gifford’s track record as long-term, supportive shareholders makes us attractive to a new breed of capital-light businesses. And our committed approach means we can enjoy a better quality of dialogue with management teams at transformational organisations such as Alibaba, Dropbox and Airbnb. So it is a case of who you know as well as what you know. Over the last five years the Scottish Mortgage Investment Trust has delivered a total return of 216.0% compared to 123.2% for the sector**. Standardised past performance to 31 December**:
2013 2014 2015 2016 2017
39.8% 21.4% 13.3% 16.5% 41.1%
AIC Global Sector Average 26.5% 9.4% 8.8% 20.3% 23.7%
Past performance is not a guide to future returns. Please remember that changing stock market conditions and currency exchange rates will affect the value of the investment in the fund and any income from it. Investors may not get back the amount invested. The Trust’s risk could be increased by its investment in unlisted investments. These assets may be more difficult to buy or sell, so changes in their prices may be greater. For some very exclusive opportunities, call us on 0800 027 0132 or visit us at www.bailliegifford.com
A Key Information Document is available by contacting us.
Long-term investment partners
*Ongoing charges as at 31.03.17. **Source: Morningstar, share price, total return as at 31.12.17. Your call may be recorded for training or monitoring purposes. Scottish Mortgage Investment Trust PLC is available through the Baillie Gifford Investment Trust Share Plan and the Investment Trust ISA, which are managed by Baillie Gifford Savings Management Limited (BGSM). BGSM is an affiliate of Baillie Gifford & Co Limited, which is the manager and secretary of Scottish MortgageInvestmentTrustPLC.