Interactive Factsheet - Baillie Gifford Climate Optimism Class C Inc (2022)



Performance

Cumulative Performance

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Discrete Performance - to last month end

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Source of all performance data: FE

Fund Aims

The Fund aims to outperform (after deduction of costs) the FTSE All-World Index, as stated in sterling, by at least 2.5% per annum over rolling five-year periods.

Fund Manager

Michelle O’Keeffe manager for 0 years and 11 months

Interactive Factsheet - Baillie Gifford Climate Optimism Class C Inc (1) Michelle joined Baillie Gifford in March 2015. She a Senior Impact Analyst for the Positive Change strategy and a member of the Positive Change Portfolio Construction Group. She brings expertise in climate change, resource governance and European policy assessments gained through previous roles with the Carbon Disclosure Project as Technical Director of reporting and as a research associate with University College London’s Institute for Sustainable Resources. Michelle graduated BSc (Hons) in Zoology from the University of Cardiff in 1999 and MSc in Climate Change and Risk Management from the University of Exeter in 2009. Michelle has a wealth of experience in assessing and understanding environmental and climate change risks and opportunities. A focus on the long-term sustainability of companies in its broadest sense is therefore a topic Michelle sees as central to investment.

Paulina McPadden manager for 0 years and 11 months

Interactive Factsheet - Baillie Gifford Climate Optimism Class C Inc (2) Paulina joined Baillie Gifford in 2013 and is an Investment Analyst in the International Growth Team. Paulina graduated MA (Hons) in Arabic and Politics from the University of Edinburgh in 2013.

Michael Pye manager for 0 years and 11 months

Interactive Factsheet - Baillie Gifford Climate Optimism Class C Inc (3) Michael joined Baillie Gifford in 2013 and is an Investment Manager in the Long Term Global Growth Team. He is a CFA Charterholder. Michael graduated BA (Hons) in Classics from the University of Cambridge in 2007 before gaining an MLitt (2009) and PhD (2013) in Iranian Studies from the University of St Andrews.

Fund Overview

NAV-
Historic yield-
Fund size-
Number of holdings-
Initial charge**0.00%
Annual management charge**0.50%
Ongoing Charges0.10%
Nexus Fund Type*-
Dealing Cut Off Time*-
Initial commission*-
Trailer fee (wrapped)*-
Trailer fee (unwrapped)*-

This fund management group does not provide FundsLibrary with full portfolio data.

Risk Analysis

RatioValue
Alpha-
Beta-
Sharpe-
Volatility-
Info Ratio-

Risk Factors

Risk Factor Yes / No
Charges to CapitalNo
Emerging MarketsYes
Concentrated PortfolioNo
Smaller CompaniesNo
High Yield BondsNo
Sector SpecificNo
Geared InvestmentsNo
Value of InvestmentsYes
Investments Long TermYes
PropertyNo
Exchange RateYes
Higher RiskNo
Performance ChargesNo
Derivative ExposureNo
OffshoreNo
Income Eroding Capital GrowthNo
Umbrella LiabilitiesNo
New FundNo
Solvency of DepositoryNo
Solvency of Bond IssuersNo
Ethical RestrictionsNo
LiquidityNo
Returns Are Not GuaranteedYes
InflationYes
Taxation and Tax ReliefYes

Fund Specific Risks

Emerging Markets - The fund invests in emerging markets. Generally less well regulated than the UK. There is an increased chance of political and economic instability with less reliable custody, dealing and settlement arrangements. The market(s) can be less liquid. If a fund investing in markets is affected by currency exchange rates, the investment could either increase or decrease. These investments therefore carry more risk.

Value of Investments - The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.

Investments Long Term - Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.

Exchange Rate - This fund invests in securities outside the UK. The value of investments and any income from them may therefore decrease or increase as a result of changes in exchange rates between currencies.

Returns Are Not Guaranteed - What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.

Inflation - Inflation will reduce the real value of your investments in future.

Taxation and Tax Relief - Levels of taxation and tax relief are subject to change.

Source of all data: Broadridge, except where otherwise specified. * Source: Pershing, ** Source: Pershing or (where fund data not available to Pershing) Broadridge. Performance figures show total return, bid to bid with no initial charge and net income reinvested, except for offshore funds which show gross income reinvested. Cumulative performance figures are calculated from the previous working day. Discrete performance figures are calculated from the previous month end.

This fact sheet is intended only to provide a summary of information. It is nota substitute for the detailed fund information provided by the fund manager (suchas the prospectus or simplified prospectus) which you should always read carefullybefore investing. In particular, consider each fund’s investment objectives, risks,tax position and the effect of charges and expenses on investment return. We presentthe information provided to us from other sources and cannot advise you whetherany particular investment is suitable for you. If you are in any doubt about thesuitability of an investment, or are unclear about any of the information or termsused, we strongly recommend that you consult your adviser. Please remember thatthe past performance of a fund is not a reliable guide to its future performance.The value of investments is not guaranteed and depends on how the fund performsand on the charges associated with the investment. It can fall as well as rise,so you may not get back the amount you invested. If you exercise a right to cancel,you may not get back the full amount invested. If your investment grows by lessthan the rate of inflation, it will have less buying power in the future. If youmake regular withdrawals from your investment, take income or sell units to payfor your adviser’s remuneration, this may reduce your capital over time. Investmentsshould generally be held for the long term. External factors (for example, in themarket or economy) may cause substantial volatility in the value of investmentsand potential losses. The tax treatment applicable to certain investments (for example,ISAs) and to your own circumstances may change. If you are unsure about your taxposition you should seek professional advice. If you are investing overseas, yourinvestment will be influenced by foreign exchange movements, as well as market volatility.

www.nexuscomplete.com is a site operated by Pershing Limited, Pershing SecuritiesLimited and Pershing Securities International Limited. Pershing Limited is registeredin England and Wales under company number 2072264 and has its registered officeat Capstan House, 1 Clove Crescent, East India Dock, London E14 2BH. It is authorisedand regulated by the Financial Conduct Authority, no. 124415. Pershing SecuritiesLimited is registered in England and Wales under company number 2474912 and hasits registered office at Capstan House, 1 Clove Crescent, East India Dock, LondonE14 2BH. It is authorised and regulated by the Financial Conduct Authority, no.146576. Pershing Securities International Limited is registered in Ireland undercompany number 367098 and has its registered office at 2nd Floor, Hanover Building,Windmill Lane, Dublin 2. It is authorised and regulated by the Central Bank of Ireland.

Historic Yield
The Historic Yield reflects distributions declared over the past twelve months asa percentage of the mid-market unit price, as at the date shown. It does not includeany preliminary charge and investors may be subject to tax on their distributions.
Distribution Yield
The Distribution Yield reflects the amounts that may be expected to be distributedover the next twelve months as a percentage of the mid-market unit price of thefund as at the date shown. It is based on a snapshot of the portfolio on that day.It does not include any preliminary charge and investors may be subject to tax ondistributions.
Underlying Yield
The Underlying Yield reflects the annualised income net of expenses of the fund(calculated in accordance with relevant accounting standards) as a percentage ofthe mid-market unit price of the fund as at the date shown. It is based on a snapshotof the portfolio on that day. It does not include any preliminary charge and investorsmay be subject to tax on distributions.

FundsLibrary uses the ICB sector breakdown for sector classification.

About ICB

The ICB structure for sector and industry analysis enables the comparison of companies across four levels of classification and national boundaries. It offers a balance between levels of aggregation, for those who look at markets from the top down, and granularity, for those who look at markets from the bottom up.

Each company is allocated to the subsector that most closely represents the nature of its business, which is determined by its source of revenue or where it constitutes the majority of revenue.

  • 114 subsectors allow detailed analysis.
  • 41 sectors provide a broad benchmark for investment managers.
  • 19 supersectors can be used for trading.
  • 10 industries help investors monitor broad industry trends.

Interactive Factsheet - Baillie Gifford Climate Optimism Class C Inc (4)

Equity and Balanced Funds

ICB sectors only apply to equities. Where a fund holds a proportion of equities and a proportion of fixed interest (or other) securities, those additional elements are also analysed to provide greater detail. For example, 70% of the fund is in equities so that is split into the appropriate ICB sectors. The remaining 30% is in fixed interest holdings so those get split down into:

Bonds:

  • Government
  • Investment Grade Corp Bonds
  • High Yield Corporate Bond
  • Asset Backed securities
  • Mortgage Backed securities
  • Non-Classified Bonds (bonds that can’t be classified into the list above)

Other assets:

  • Commodities
  • Alternative Trading Strategies
  • Property
  • Managed Funds (where underlying data is not available)
  • Cash and Equivalents

Fixed Interest Funds

Where a fund holds exclusively Bonds then a Bond Sector Breakdown is shown instead. In this situation corporate bonds are mapped to their parent equity and then into their sectors. For example, a corporate bond issued by BP is mapped back to BP and lands into the Oil & Gas sector. If the fund has other bond holdings (i.e. not corporate bonds) then the following detail is provided:

  • Government
  • Asset Backed securities
  • Mortgage Backed securities

In addition, any residual holdings in equities are grouped together as equities (they are not split into their sectors) and other assets are classified appropriately as follows:

  • Equities
  • Commodities
  • Alternative Trading Strategies
  • Property
  • Managed Funds (where underlying data is not available)
  • Non-Classified Bonds
  • Cash and Equivalents

Charges to Capital:
Part, or all of the periodic annual management fee(s) and expenses may be charged to capital which could increase the potential for the capital value of your investment to be eroded. Your capital could also decrease if income withdrawals exceed the growth rate of the fund(s).
Emerging Markets:
The fund invests in emerging markets. Generally less well regulated than the UK. There is an increased chance of political and economic instability with less reliable custody, dealing and settlement arrangements. The market(s) can be less liquid. If a fund investing in markets is affected by currency exchange rates, the investment could either increase or decrease. These investments therefore carry more risk.
Concentrated Portfolio:
The fund may invest in a relatively smaller number of stocks. This stock concentration may carry more risk than funds spread across a larger number of companies.
Smaller Companies:
The fund invests in smaller companies. Smaller companies shares can be more volatile and less liquid than larger company shares, so smaller companies funds can carry more risk.
High Yield Bonds:
The fund invests in high yield bonds. High yield bonds carry a greater risk of default than investment grade bonds, and economic conditions and interest rate movements will have a greater effect on their price. Income levels may not be achieved and the income provided may vary.
Sector Specific:
The fund invests in specific sectors. Funds which invest in specific sectors may carry more risk than those spread across a number of different sectors. They may assume higher risk, as markets/sectors can be more volatile. In particular, gold, technology funds and other focused funds can suffer as the underlying stocks can be more volatile and less liquid.
Geared Investments:
The fund focuses on geared investments. Funds which focus on geared investments such as warrants or options carry a higher degree of risk than other equity investments because of the risk of the underlying investments. It is possible that the fund may suffer sudden and large falls in value so that the short fall on cancellation, or the loss of the realisation on the investment at any time after the investor has bought the contract, could be very high and could even equal the amount invested, in which case you would get nothing back.
Value of Investments:
The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
Investments Long Term:
Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
Property:
The fund invests in Property funds, property shares or direct property. In particular the following risks will apply:- The property market is illiquid and this can, in exceptional circumstances, lead to times in which clients are unable to dispose of part or all of their holding. Property valuations are made by independent agents but are ultimately subjective and a matter of judgement. Property transaction costs are high (typically around 7% due to legal costs, valuations and stamp duty)
Exchange Rate:
This fund invests in securities outside the UK. The value of investments and any income from them may therefore decrease or increase as a result of changes in exchange rates between currencies.
Higher Risk:
This fund is specifically aimed at sophisticated investors and is particularly high risk, because it concentrates on a region that may be exposed to unusual political or economic risks. You should only invest if you are comfortable with the specific risks pertaining to the fund in question. If you are not familiar with these you should ask us for a copy of the provider's key features and brochure.
Performance Charges:
This fund makes charges that depend on the fund's performance. For full details please refer to the fund prospectus.
Derivative Exposure:
The fund invests in derivatives as part of its investment strategy, over and above their use for Efficient Portfolio Management (EPM). Investors should be aware that the use of these instruments can, under certain circumstances, increase the volatility and risk profile of the Fund beyond that expected of a fund that only invests in equities. The fund may also be exposed to the risk that the company issuing the derivative may not honour their obligations which in turn could lead to losses arising.
Offshore:
The fund is not UK domiciled, and investors are not normally entitled to compensation through the UK Financial Services Compensation Scheme.
Income Eroding Capital Growth:
The fund focuses on providing an income, which can reduce the prospects for capital growth, and in some cases the capital value may fall.
Umbrella Liabilities:
If the liabilities of one fund were to exceed its assets, the other funds within the scheme might have to transfer across money to cover the liabilities.
New Fund:
The charges and expenses may make up a higher proportion of a newly launched fund than initially estimated.
Solvency of Depository:
The value of a cash or currency fund may be affected if any of the institutions with which cash is deposited becomes insolvent or experiences other financial difficulties.
Solvency of Bond Issuers:
If the fund you choose invests in bonds there is a risk that the issuer may default, resulting in a loss to the portfolio.
Ethical Restrictions:
The fund is unable to invest in certain sectors and companies due to the ethical criteria used to select investments for the fund.
Liquidity:
This fund can suffer from partial or total illiquidity, which may lead to considerable price fluctuations and the inability to redeem your investment.
Returns Are Not Guaranteed:
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation:
Inflation will reduce the real value of your investments in future.
Taxation and Tax Relief:
Levels of taxation and tax relief are subject to change.

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