SCOTTISH MORTGAGE INVESTMENT TRUST
SCOTTISH MORTGAGE WAS
ORIGINALLY LAUNCHED TO
PROVIDE LOANS TO RUBBER
GROWERS IN MALAYSIA IN THE
EARLY 20TH CENTURY.
While others stick to the indices,
we are free to choose.
Scottish Mortgage Investment Trust has its own way of doing things. So it’s hardly surprising that the Trust’s portfolio
looks nothing like the index. After all, we are active rather than passive investors and we firmly believe that the index
is an illustration of ‘past glories’ rather than future prospects. In fact, our abiding principle has always been to invest
in tomorrow’s companies today.
We give ourselves time to add value by being patient investors in an impatient world. But don’t just take our word for
it. Over the last five years Scottish Mortgage has delivered a total return of 139%* compared to 61%* for the index.
And Scottish Mortgage is low-cost with an ongoing charges figure of just 0.50%†.
Standardised past performance to 31 March each year*:
2010-2011 2011-2012 2012-2013 2013-2014 2014-2015
Scottish Mortgage
24.2%
-2.9%
18.5%
28.9%
29.6%
FTSE All-World Index
8.4%
-0.2%
17.1%
6.8%
19.2%
Past performance is not a guide to future returns.
Scottish Mortgage Investment Trust is managed by Baillie Gifford and is available through
our Share Plan and ISA.
Please remember that changing stock market conditions and currency exchange rates will affect the value
of your investment in the fund and any income from it. You may not get back the amount invested.
For a free-thinking investment approach call 0800 917 2112
or visit www.scottishmortgageit.com
Baillie Gifford – long-term investment partners
*Source: Morningstar, share price, total return as at 31.03.15. †Ongoing charges as at 31.03.14. Your call may be recorded for training or monitoring purposes. Baillie
Gifford Savings Management Limited (BGSM) is the manager of the Baillie Gifford Investment Trust Share Plan and the Investment Trust ISA. BGSM is an affiliate
of Baillie Gifford & Co Limited, which is the manager and secretary of Scottish Mortgage Investment Trust PLC. Your personal data is held and used by BGSM
in accordance with data protection legislation. We may use your information to send you information about Baillie Gifford products, funds or special offers and to
contact you for business research purposes. We will only disclose your information to other companies within the Baillie Gifford group and to agents appointed by
us for these purposes. You can withdraw your consent to receiving further marketing communications from us and to being contacted for business research purposes
at any time. You also have the right to review and amend your data at any time.