Legal

Legal and regulatory

Some key legal information relating to Financial Conduct Authority (“FCA”) authorisation and regulation, VAT registration, corporate set-up, Companies House registration and third-party data providers. Plus cookies and terms and conditions.

The information contained in this site has been compiled with considerable care to ensure its accuracy at the date of publication. However, no representation or warranty, express or implied, is made to its accuracy or completeness. Nothing in this information or elsewhere in this website shall exclude, limit or restrict our duties and liabilities to you under the Financial Services and Markets Act 2000 or any conduct of business rules which we are bound to comply with.

FCA authorisation and regulation

The Baillie Gifford Group of companies authorised and regulated by the Financial Conduct Authority, 12 Endeavour Square, Stratford, London, E20 1JN are listed below, with applicable Financial Services Register Numbers:

Baillie Gifford & Co 142597
Baillie Gifford & Co Limited 119179
Baillie Gifford Overseas Limited 121818
Baillie Gifford Funds Services LLC 658926 (as an Appointed Representative of Baillie Gifford Overseas Limited)
Baillie Gifford Asia (Hong Kong) Limited 柏基亞洲(香港)有限公司 728348 (as an Appointed Representative of Baillie Gifford Overseas Limited)
Baillie Gifford Investment Management (Europe) Limited 830612 (as an Appointed Representative of Baillie Gifford Overseas Limited)
Mitsubishi UFJ Baillie Gifford Asset Management Limited 145243

If you would like to access the Financial Services Register please click here. If you would like further information on the Financial Conduct Authority, you can access their website here.

VAT registration

Baillie Gifford & Co is the representative member of a UK VAT Group, VAT number 333 4026 38, comprising:

Baillie Gifford & Co
Baillie Gifford & Co Limited
Baillie Gifford Overseas Limited
Baillie Gifford International LLC
Baillie Gifford Funds Services LLC
Baillie Gifford Services Limited

Mitsubishi UFJ Baillie Gifford Asset Management Limited is also registered for VAT in the UK, VAT number 553 5239 41.

Baillie Gifford General Partner Limited is also registered for VAT in the UK, VAT number 464 5666 59.

There is one Irish VAT registered entity:

Baillie Gifford Investment Management (Europe) Limited, VAT number 3583100NH.

There is one Polish VAT registered entity:

Baillie Gifford IT Services (Poland) sp. z o.o., VAT number 5272833113 - In liquidation

There are two Chinese VAT registered entities:

Baillie Gifford Investment Management (Shanghai) Limited柏基投资管理(上海)有限公司, VAT number 91310000MA1FL6KQ30
Baillie Gifford Overseas Investment Fund Management (Shanghai) Limited 柏基投资管理(上海)有限公,司, VAT number 91310000MA1FL7JFXQ

Corporate set up & Companies House registration

A list of the names of the partners of Baillie Gifford & Co, a Scottish partnership, is open to inspection at their principal place of business, Calton Square, 1 Greenside Row, Edinburgh, EH1 3AN, Scotland, UK.

The following Baillie Gifford group of companies are private limited companies registered in Scotland. Registered office: Calton Square, 1 Greenside Row, Edinburgh, EH1 3AN, Scotland, UK, with the exception of Baillie Gifford Life Limited, whose registered office is: Atria One, 144 Morrison Street, Edinburgh, EH3 8EX. Their individual registration numbers, as below:

Baillie Gifford & Co Limited SC069524
Baillie Gifford Life Limited SC182496 – In liquidation
Baillie Gifford Overseas Limited SC084807
Baillie Gifford Services Limited SC593878
Mitsubishi UFJ Baillie Gifford Asset Management Limited SC122044
Baillie Gifford Private Companies LLP SO307338
Baillie Gifford General Partner Limited SC706252
Baillie Gifford Co-Invest (No. 1) GP Limited SC801122

The following Baillie Gifford group of companies are non-UK private limited companies. Their individual registration numbers are as follows:

Baillie Gifford International LLC FC030136 (4017513)
Baillie Gifford Funds Services LLC FC031788 (5482323)
Baillie Gifford Asia (Hong Kong) Limited 柏基亞洲(香港)有限公司 FC032587 (BRN 64680626)
Baillie Gifford Investment Management (Europe) Limited FC035878 (625892)
Baillie Gifford IT Services (Poland) sp. z o.o. FC035374 (KRS No: 0000711392) - In liquidation
Baillie Gifford Investment Management (Shanghai) Limited 柏基投资管理(上海)有限公司 FC040402 (91310000MA1FL6KQ30)
Baillie Gifford Overseas Investment Fund Management (Shanghai) Limited 柏基海外投资基金管理(上海)有限公司 (91310000MA1FL7JFXQ)
Baillie Gifford Asia (Singapore) Private Limited (202320216D)

If you would like to access the Companies House register, please visit their website at www.companieshouse.gov.uk.

To view Baillie Gifford's Governance, Risk Management and Capital Disclosures document, please click here.

To view Baillie Gifford's Group Remuneration Disclosure document, please click here.

To view Baillie Gifford's Worldwide Funds PLC Remuneration Policy document, please click here.

Baillie Gifford & Co is an investment management firm and provides investment management services to a wide range of clients and the Baillie Gifford Group companies.

Baillie Gifford & Co Limited, which is wholly owned by Baillie Gifford & Co, manages UK OEICs and Canadian collect investment funds. Baillie Gifford & Co Limited is registered in Canada as a portfolio manager in Ontario. Baillie Gifford & Co Limited is also the manager and secretary to the investment trusts featured on this website. Investment trusts are UK public companies and are not authorised and regulated by the Financial Conduct Authority.

Baillie Gifford Services Limited is wholly owned by Baillie Gifford & Co. It provides resource to Baillie Gifford group entities and is the legal entity through which Baillie Gifford & Co provides administrative services outside of the UK. Baillie Gifford Services Limited does not undertake any regulated activities and is therefore not registered with the Financial Conduct Authority. Baillie Gifford Services Limited is registered as a Foreign Limited Liability Company in Connecticut, with ID number 0012750594, c/o Corporation Service Company, Goodwin Square, 225 Asylum Street, 20^th Floor, Hartford, CT. Baillie Gifford Services Limited is registered with the Register of Legal Entities and the Register of Business Enterprises in Norway (ID No: 930 047 716) as a Norwegian-registered foreign enterprise which provides resource to the Baillie Gifford group entities.

Baillie Gifford Overseas Limited provides investment management and advisory services primarily to non-UK clients. Baillie Gifford Overseas Limited is wholly owned by Baillie Gifford & Co. It is registered with the Securities & Exchange Commission in the United States of America and the Financial Sector Conduct Authority in South Africa. Baillie Gifford Overseas Limited is also registered in Canada as a portfolio manager and exempt market dealer with the Ontario Securities Commission its principal regulator. The portfolio manager registration is also passported into Alberta, Quebec, Manitoba, Saskatchewan and Newfoundland and Labrador while its exempt market dealer registration is passported across all Canadian provinces and territories. Baillie Gifford Overseas Limited is also licensed with the Financial Services Commission in South Korea as a cross border Discretionary Investment Manager and Non-discretionary Investment Adviser. Baillie Gifford Overseas Limited (ARBN 118 567 178) is registered as a foreign company under the Corporations Act 2001 (Cth) of the Commonwealth of Australia and holds a foreign Australian Financial Services Licence (Licence No 528911) pursuant to section 913B of the Corporations Act 2021, which covers the provision of financial services to wholesale clients in Australia. Baillie Gifford Overseas Limited has a registered branch office in New York and is registered with New York State (Department of State ID: 5700962) and with the State of California (Entity Number C4554410) for the purposes of supporting business in The United States of America. Baillie Gifford Overseas Limited is registered with the Register of Legal Entities and the Register of Business Enterprises in Norway (ID No: 930 062 979) as a Norwegian-registered foreign enterprise which conducts investment analysis and other business services.

Baillie Gifford International LLC is wholly owned by Baillie Gifford Overseas Limited and is registered as an Investment Adviser with the Securities & Exchange Commission and provides investment advisory and marketing and client servicing services to its clients in the United States. Baillie Gifford International LLC is also registered in Canada as an Exempt Market Dealer across all provinces and territories, its Principal Regulator is the Ontario Securities Commission. Baillie Gifford International LLC is registered as a Foreign Limited Liability Company in: Connecticut, with ID number 0012766689, c/o Corporation Service Company, Goodwin Square, 225 Asylum Street, 20^th Floor, Hartford, CT; Colorado, with ID number 20231950611, c/o CSC 1900 W. Littleton Boulevard, Littleton, CO 80120, United States; Florida, with ID number 120000000195, c/o CSC, 1201 Hays Street, Tallahassee, Florida 23201; New York with ID number 3827703, c/o CSC 80 State Street, Albany, NY 12207; and Pennsylvania, c/o Corporation Service Company, 251 Little Falls Drive, Wilmington, Delaware 19808. Baillie Gifford International LLC is incorporated in the State of Delaware, USA as a limited liability company under the Delaware Limited Liability Company Act with the Division of Corporations, with file number 4017513, c/o Corporation Service Company, 251 Little Falls Drive, Wilmington, Delaware 19808. EIN No: 98-0473976. The Principal office is located at 780 3rd Ave, 43^rd Floor, New York, NY 10017, United States. The UK Head Office is at Calton Square, 1 Greenside Row, Edinburgh, EH1 3AN.

Baillie Gifford Funds Services LLC is wholly owned by Baillie Gifford Overseas Limited and is responsible for the distribution of securities in the United States of America. Baillie Gifford Funds Services LLC is incorporated in the State of Delaware, USA, as a limited liability company under the Delaware Limited Liability Company Act. Baillie Gifford Funds Services LLC is registered in the State of Delaware with the Division of Corporations, with file number 5482323, c/o Corporation Services Company, 251 Little Falls Drive, Wilmington, Delaware 19808. EIN No: 37-1753581. The UK Head Office is at Calton Square, 1 Greenside Row, Edinburgh, EH1 3AN. The UK Establishment Registered Number is FC031788. Baillie Gifford Funds Services LLC is an Appointed Representative of Baillie Gifford Overseas Limited (FRN 658926).

Baillie Gifford Asia (Hong Kong) Limited 柏基亞洲(香港)有限公司 is wholly owned by Baillie Gifford Overseas Limited and provides distribution services and marketing and client servicing support in and from Hong Kong. Baillie Gifford Asia (Hong Kong) Limited 柏基亞洲(香港)有限公司 is incorporated in Hong Kong, as a limited liability company under the Companies Ordinance (Chapter 622 of the Laws of Hong Kong). Baillie Gifford Asia (Hong Kong) Limited 柏基亞洲(香港)有限公司 is registered in Hong Kong with the Companies Registry, with Business Registration Number 64680626, with its registered office at Suites 2713-2715, Two International Finance Centre, 8 Finance Street, Central, Hong Kong. Baillie Gifford Asia (Hong Kong) Limited 柏基亞洲(香港)有限公司 is an Appointed Representative of Baillie Gifford Overseas Limited (FRN 728 348), which has its Head Office at Calton Square, 1 Greenside Row, Edinburgh, EH1 3AN.

Baillie Gifford Investment Management (Europe) Limited is a wholly owned subsidiary of Baillie Gifford Overseas Limited. Baillie Gifford Investment Management (Europe) Limited commenced regulatory business on 1 January 2019 and provides investment management and advisory services for European (excluding UK) clients. With effect from 1 April 2022, Baillie Gifford Investment Management (Europe) Limited was appointed as a UCITS management company to Baillie Gifford Worldwide Funds plc. Baillie Gifford Investment Management (Europe) Limited is incorporated in Ireland as a limited liability company under the Companies Act 2014, with registration number 625892 and authorised and regulated by the Central Bank of Ireland (“CBI”) as an AIFM in accordance with Regulation 7 of the AIFM Regulations to provide management of portfolios of investments, including Individual Portfolio Management and Non-Core Services, with its registered office at 4/5 School House Lane East, Dublin 2, D02 N279, Ireland. Baillie Gifford Investment Management (Europe) Limited is registered with Irish Funds Industry Association. It passports its investment services and activities to other EEA states on a cross-border basis. Baillie Gifford Investment Management (Europe) Limited has established a branch in Germany – Baillie Gifford Investment Management (Europe) Limited (Frankfurt Branch) (‘Frankfurt Branch’). The Frankfurt Branch can market Baillie Gifford Investment Management (Europe) Limited’s discretionary investment management services or locally registered funds in Germany and is jointly supervised by the CBI and BaFIN (BaFIN ID 155764). The Frankfurt Branch has been registered in the commercial register (HRB 114828) and commenced regulated activities on 1 May 2019. Baillie Gifford Investment Management (Europe) Limited has established a representative office in Zurich, Switzerland for the purposes of client servicing and marketing pursuant to Art. 58 of the Federal Act on Financial Institutions. Baillie Gifford Investment Management (Europe) Limited has established a branch in Amsterdam, Netherlands - Baillie Gifford Investment Management (Europe) Limited (Netherlands Branch) (‘Netherlands Branch’) as registered with the Dutch Chamber of Commerce, effective 21st December 2020 (with CCI number: 81664869) and commenced regulated activities on 1 June 2021. The key activities of the branch are client service and marketing discretionary investment management services or locally registered funds. Baillie Gifford Investment Management (Europe) Limited is an Appointed Representative of Baillie Gifford Overseas Limited (FRN 830612).

Baillie Gifford Investment Management (Shanghai) Limited 柏基投资管理(上海)有限公司 is wholly owned by Baillie Gifford Overseas Limited and may provide investment research to the Baillie Gifford Group pursuant to applicable laws. Baillie Gifford Investment Management (Shanghai) Limited 柏基投资管理(上海)有限公司 is incorporated in Shanghai in the People’s Republic of China (PRC) as a wholly foreign-owned limited liability company under the Company Law of the PRC, the Foreign Investment Law of the PRC and its implementing rules, and other relevant laws and regulations of the PRC. Baillie Gifford Investment Management (Shanghai) Limited 柏基投资管理(上海)有限公司 is registered with the Shanghai Municipal Administration for Market Regulation, with a unified social credit code of 91310000MA1FL6KQ30, with its registered office at Unit 4203-04, One Museum Place, 669 Xin Zha Road, Jing'an District, Shanghai. Baillie Gifford Investment Management (Shanghai) Limited 柏基投资管理(上海)有限公司 is a registered Private Fund Manager with the Asset Management Association of China (with a registration code of P1071226) and is enabled to manage private security investment funds in the PRC. The UK Establishment Registered Number is FC040402.

Baillie Gifford Overseas Investment Fund Management (Shanghai) Limited柏基海外投资基金管理(上海)有限公司 is a wholly-owned subsidiary of Baillie Gifford Investment Management (Shanghai) Limited 柏基投资管理(上海)有限公司. Baillie Gifford Overseas Investment Fund Management (Shanghai) Limited 柏基海外投资基金管理(上海)有限公司 is incorporated in Shanghai in the People’s Republic of China (PRC) as a limited liability company (wholly owned by a foreign-owned company) under the Company Law of the PRC and other relevant laws and regulations of the PRC. Baillie Gifford Investment Overseas Investment Fund Management (Shanghai) Limited 柏基海外投资基金管理(上海)有限公司 is registered with the Shanghai Municipal Administration for Market Regulation, with a unified social credit code of 91310000MA1FL7JFXQ, with its registered office at Unit 4203-04, One Museum Place, 669 Xin Zha Road, Jing An District, Shanghai 200041, China. Baillie Gifford Overseas Investment Fund Management (Shanghai) Limited 柏基海外投资基金管理(上海)有限公司is a registered Private Fund Manager with the Asset Management Association of China with a registration code of P1071708. Baillie Gifford Overseas Investment Fund Management (Shanghai) Limited 柏基海外投资基金管理(上海)有限公司has been approved by Shanghai Municipal Financial Regulatory Bureau for the Qualified Domestic Limited Partners (QDLP) Pilot Program, under which it may manage QDLP funds and raise funds from PRC investors for making overseas investments through offshore funds.

Baillie Gifford Asia (Singapore) Private Limited is wholly owned by Baillie Gifford Overseas Limited. Baillie Gifford Asia (Singapore) Private Limited is incorporated in Singapore as a private company limited by shares under the Companies Act 1967, and registered in Singapore with the Accounting and Corporate Regulatory Authority (ACR) under registration number (UEN) 202320216D. Baillie Gifford Asia (Singapore) Private Limited is regulated by the Monetary Authority of Singapore as a holder of a capital markets services licence (CMS10172) to conduct fund management activities for institutional and accredited investors in Singapore. Its registered office is at 77 Robinson Road, #13-00, Robinson 77, Singapore 068896. Its business office is at Singapore Land Tower, Level 46, Unit 4616-17, 50 Raffles Place, Singapore 048623.

Baillie Gifford IT Services (Poland) sp. z o.o. is wholly owned by Baillie Gifford Services Limited. The Company previously provided IT application development and other IT services to the Baillie Gifford group entities. It is incorporated in Poland as a limited liability company under the Polish Code of Commercial Companies, with registration number KRS No: 0000711392, with its registered office at Generation Park Z, ul. Towarowa 28, 00-839, Warsaw, Poland. Baillie Gifford IT Services (Poland) sp. z o.o. entered into members’ voluntary liquidation on 1 April 2024.

Mitsubishi UFJ Baillie Gifford Asset Management Limited (registered number SC122044) is a joint venture between Baillie Gifford Overseas Ltd and Mitsubishi UFJ Trust and Banking Corporation in Japan. The company was originally set-up in 1989 as a vehicle for Baillie Gifford Overseas Limited to manage money from the then-Toyo Trust Bank. In 1998 the venture developed and Baillie Gifford Overseas Limited began giving Toyo Trust Bank (later renamed Mitsubishi UFJ Trust and Banking Corporation after corporate activity in Japan) investment advice which they use as they deem fit in investing their own institutional clients’ monies. It is incorporated in Scotland as a private limited company, with registration number SC122044.

Baillie Gifford Life Limited is wholly owned by Baillie Gifford & Co. The Company previously issued trustee investment policies to UK pension funds but ceased undertaking any insurance business on 27 April 2018 and is no longer authorised to undertake any regulated activity. The Company entered into a members’ voluntary liquidation on 28 January 2019.

Baillie Gifford Private Companies LLP is a Scottish limited liability partnership established in August 2021 as a direct subsidiary of Baillie Gifford & Co. Baillie Gifford & Co is the holder of the majority of members’ interests in Baillie Gifford Private Companies LLP and Baillie Gifford Services Limited is a minority interest holder. Baillie Gifford Private Companies limited LLP will provide strategic oversight to Baillie Gifford’s Private Companies business.

Baillie Gifford General Partner Limited is wholly owned by Baillie Gifford Private Companies LLP Baillie Gifford general partner Limited acts as the General Partner to Baillie Gifford Private Companies General Partner II LP (the general partner of the Baillie Gifford Private Companies Fund II LP).

Baillie Gifford Private Companies General Partner II LP is an exempted limited partnership established in the Cayman Islands in September 2021. It acts as the General Partner of the Baillie Gifford Private Companies Fund II LP and any potential future Private Company funds.

Baillie Gifford Co-Invest (No. 1) GP Limited is wholly owned by Baillie Gifford Private Companies LLP. Baillie Gifford Co-Invest (No. 1) GP Limited acts as the general partner to Baillie Gifford Co-Invest (No. 1) GP LP (the general partner of Baillie Gifford Co-Invest (No. 1) Fund LP.

Baillie Gifford Private Companies Co-Invest (No.1) GP LP, is an exempted limited partnership established in the Cayman Islands in March 2024. It acts as the general partner of Baillie Gifford Co-Invest (No. 1) Fund LP.

Facts and figures on the website

References to figures throughout the website were last updated on 31 December 2023.

Third Party Data Providers

Index Data

No third party data provider (“Provider”) makes any warranty, express or implied, as to the accuracy, completeness or timeliness of the data contained herewith nor as to the results to be obtained by recipients of the data. No Provider shall in any way be liable to any recipient of the data for any inaccuracies, errors or omissions in the index data included in this document, regardless of cause, or for any damages (whether direct or indirect) resulting therefrom. No Provider has any obligation to update, modify or amend the data or to otherwise notify a recipient thereof in the event that any matter stated herein changes or subsequently becomes inaccurate. Without limiting the foregoing, no Provider shall have any liability whatsoever to you, whether in contract (including under an indemnity), in tort (including negligence), under a warranty, under statute or otherwise, in respect of any loss or damage suffered by you as a result of or in connection with any opinions, recommendations, forecasts, judgments, or any other conclusions, or any course of action determined, by you or any third party, whether or not based on the content, information or materials contained herein.

MSCI

Source: MSCI. The MSCI information may only be used for your internal use, may not be reproduced or disseminated in any form and may not be used as a basis for or a component of any financial instruments or products or indices. None of the MSCI information is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. The MSCI information is provided on an “as is” basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the “MSCI Parties”) expressly disclaims all warranties (including, without limitation, any warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages. (www.msci.com)

FTSE

Source: FTSE International Limited (“FTSE”) © FTSE 2024. “FTSE®” is a trade mark of the London Stock Exchange Group companies and is used by FTSE International Limited under licence. All rights in the FTSE indices and / or FTSE ratings vest in FTSE and/or its licensors. Neither FTSE nor its licensors accept any liability for any errors or omissions in the FTSE indices and / or FTSE ratings or underlying data and no party may rely on any FTSE indices, ratings and / or data underlying data contained in this communication. No further distribution of FTSE Data is permitted without FTSE’s express written consent. FTSE does not promote, sponsor or endorse the content of this communication.

S&P Dow Jones

The S&P 500, S&P Global SmallCap and Dow Jones Islamic Market World (index) are products of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”), and has been licensed for use by Baillie Gifford & Co. S&P®, S&P 500®, US 500, The 500, iBoxx®, iTraxx® and CDX® are trademarks of S&P Global, Inc. or its affiliates (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Baillie Gifford & Co. Baillie Gifford & Co Product(s) are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500, S&P Global Small Cap Index and Dow Jones Islamic Market World Index.

Sustainalytics

Part of this publication may contain Sustainalytics proprietary information that may not be reproduced, used, disseminated, modified or published in any manner without the express written consent of Sustainalytics. Nothing contained in the publication shall be construed as to make a representation or warranty, express or implied, regarding the advisability to invest in or include companies in investible universes and/or portfolios. The information is provided “as is” and, therefore Sustainalytics assumes no responsibility for errors or omissions. Susyainalytics accepts no liability for damage arising from the use of this publication or information contained herein in any manner whatsoever.

JP Morgan

Information has been obtained from sources believed to be reliable but J.P. Morgan does not warrant its completeness or accuracy. The Index is used with permission. The Index may not be copied, used, or distributed without J.P. Morgan’s prior written approval. Copyright 2024, J.P. Morgan Chase & Co. All rights reserved.”

TOPIX

The TOPIX Index Value and the TOPIX Marks are subject to the proprietary rights owned by JPX Market Innovation & Research, Inc. or affiliates of JPX Market Innovation & Research, Inc. (hereinafter collectively referred to as "JPX") and JPX owns all rights and know-how relating to TOPIX such as calculation, publication and use of the TOPIX Index Value and relating to the TOPIX Marks. JPX shall not be liable for the miscalculation, incorrect publication, delayed or interrupted publication of the TOPIX Index Value.

ICE Data Indices

Source: ICE Data Indices, LLC (“ICE Data”), is used with permission. ICE Data, its affiliates and their respective third party suppliers disclaim any and all warranties and representations, express and/or implied, including any warranties of merchantability or fitness for a particular purpose or use, including the indices, index data and any data included in, related to, or derived therefrom. Neither ICE Data, its affiliates nor their respective third party providers shall be subject to any damages or liability with respect to the adequacy, accuracy, timeliness or completeness of the indices or the index data or any component thereof, and the indices and index data and all components thereof are provided on an “as is” basis and your use is at your own risk. ICE Data, its affiliates and their respective third party suppliers do not sponsor, endorse, or recommend Baillie Gifford, or any of its products or services.

ICE Data Services

Source: ICE Data Services.

FTSE Russel - Russell Indices

Frank Russell Company (“Russell”) is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. Russell® is a trademark of Frank Russell Company. Neither Russell nor its licensors accept any liability for any errors or omissions in the Russell Indexes and / or Russell ratings or underlying data and no party may rely on any Russell Indexes and / or Russell ratings and / or underlying data contained in this communication. No further distribution of Russell Data is permitted without Russell’s express written consent. Russell does not promote, sponsor or endorse the content of this communication.

Markit Valuations

Neither Markit, its affiliates nor any data provider makes any warranties, express or implied, as to results to be attained from the use of this data, and/or condition of quality, accuracy and completeness, timeliness, title, non-infringement, merchantability or fitness for a particular purpose or use of this data. You acknowledge that you have not relied upon any such warranty, guaranty or representation. This data is confidential and shall not be distributed to any third party. "Data provider" means those persons who contributed, developed, compiled, prepared, revised, selected and arranged the data contained herein.

The data displayed is for limited internal use only and shall not be copied, redistributed, transferred, or used in connection with the provision of services to third parties without the appropriate license from Markit.

MSCI ESG Research

Source: MSCI. Certain information contained herein (the “Information”) is sourced from/copyright of MSCI Inc., MSCI ESG Research LLC, or their affiliates (“MSCI”), or information providers (together the “MSCI Parties”) and may have been used to calculate scores, signals, or other indicators. The Information is for internal use only and may not be reproduced or disseminated in whole or part without prior written permission. The Information may not be used for, nor does it constitute, an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product, trading strategy, or index, nor should it be taken as an indication or guarantee of any future performance. Some funds may be based on or linked to MSCI indexes, and MSCI may be compensated based on the fund’s assets under management or other measures. MSCI has established an information barrier between index research and certain Information. None of the Information in and of itself can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user assumes the entire risk of any use it may make or permit to be made of the Information. No MSCI Party warrants or guarantees the originality, accuracy and/or completeness of the Information and each expressly disclaims all express or implied warranties. No MSCI Party shall have any liability for any errors or omissions in connection with any Information herein, or any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.

SIX Financials

Copyright © SIX Financial Information and its Data Suppliers. All rights reserved. Further distribution and use by third parties is prohibited. SIX Financial Information and its Data Suppliers make no warranty and accept no liability. This content and disclaimer may be amended at any time without notice.

LPX AG

LPX50® Listed Private Equity Index (LPX50®) is an index and trademark of LPX AG, Zurich, Switzerland. The LPX50® is owned and published by LPX AG. Any commercial use of the LPX50® and/or LPX indices without a valid license agreement is not permitted.

Financial instruments based on the index are in no way sponsored, endorsed, sold or promoted by LPX AG and/or its licensors and neither LPX AG nor its licensors shall have any liability with respect thereto.

UBS AG

Source: UBS AG.

MSCI Barra

Barra, LLC’s analytics and data (www.msci.com) were used in the preparation of this report. Copyright 2024 BARRA, LLC. All Rights Reserved. Barra reserves the right to restrict the Client’s publication or distribution of such research and reports to other entities if, in Barra's judgment, Barra or any of its Vendors may be foregoing the opportunity for direct revenues from those entities.

YourSRI

The carbon footprint of the portfolio has been calculated using ISS-Ethix Climate Solutions carbon foot printing tool embedded within the YourSRI platform. This data is provided on a ‘best endeavours’ basis using the available market information, which includes estimated data and unverified company disclosure, so it is therefore open to challenge. It also uses the methodology of one provider (YourSRI), which may vary from other databases.

Useful links

Legal

Connect with us

Investment trusts are UK public companies and are not authorised and regulated by the Financial Conduct Authority. You may not get back the amount invested and please bear in mind that past performance is not a guide to future performance.