This is a factsheet for the Baillie Gifford European Growth Investment Trust, which invests in European companies for long-term growth. As of September 30, 2026, the fund's net asset value (NAV) returned 15.1% over one year, and its share price returned 16.7%, slightly above the benchmark index (14.5%). No market outlook is given. Top holdings include Bending Spoons (16.5%, an Italian software firm), ASML (6.5%, a Dutch chip equipment maker), and Tekever Holdings SA (5.1%, a Portuguese drone company). These are just snapshot weights, not trades.
As of September 30, 2026, Baillie Gifford European Growth Trust plc had total assets of £404.05 million, borrowings of £51.3 million, a total leverage ratio of 15%, and a net leverage ratio of 14%. The fund delivered a one-year share price return of 16.7%, a NAV return of 15.1%, compared to the FTSE
The trust aims to achieve long-term capital growth through investment in a diversified portfolio of European securities, with income as a secondary objective. The manager invests in high-quality, well-managed businesses capable of significant growth, typically with strong competitive positions and owner-operator management. The portfolio is relatively concentrated, holding 30 to 60 listed and private companies. Sector weights are the result of bottom-up stock selection; the trust does not seek to track or replicate an index, with active share expected to exceed 80%.
Key Information (as of 30 September 2026)
| Item | Value |
|---|---|
| Manager | Joe Faraday |
| Total Assets | £404.05 million |
| Total Borrowings | £51.3 million |
| Ongoing Charges Ratio | 0.66% |
| Dividend Yield | 0.6% |
| Gross Leverage | 15% |
| Net Leverage | 14% |
| Active Share | 75% (vs. FTSE Europe ex UK Index) |
| Annual Turnover | 55% |
| NAV per Share | 129.66p |
| Share Price | 120.00p |
| Share Price Discount to NAV | 7.5% |
| Investment in Private Companies | 8.7% |
Periodic Performance (%, as of 30 September 2026, GBP Total Return with Dividends Reinvested)
| Period | 1 Year | 3 Years | 5 Years | 10 Years |
|---|---|---|---|---|
| Share Price Return | 16.7 | 46.1 | -17.0 | 98.0 |
| NAV Return | 15.1 | 36.2 | -12.1 | 81.9 |
| Benchmark Index* | 14.5 | 52.5 | 55.5 | 155.9 |
*Benchmark: FTSE Europe ex UK Index
Discrete Annual Performance (%, as of 30 September)
| Period | 2021/09-2022/09 | 2022/09-2023/09 | 2023/09-2024/09 | 2024/09-2025/09 | 2025/09-2026/09 |
|---|---|---|---|---|---|
| Share Price Return | -47.7 | 8.6 | 9.3 | 14.5 | 16.7 |
| NAV Return | -40.4 | 8.3 | 12.1 | 5.5 | 15.1 |
| Benchmark Index* | -15.3 | 20.5 | 15.3 | 15.5 | 14.5 |
Country Allocation (as of 30 September 2026)
| Rank | Country/Region | Weight |
|---|---|---|
| 1 | Italy | 17.8% |
| 2 | Netherlands | 14.7% |
| 3 | Switzerland | 12.0% |
| 4 | Germany | 11.2% |
| 5 | Belgium | 7.0% |
| 6 | Poland | 6.8% |
| 7 | Spain | 6.3% |
| 8 | France | 5.9% |
| 9 | Portugal | 5.1% |
| 10 | Ireland | 4.5% |
| 11 | Sweden | 2.8% |
| 12 | Greece | 2.7% |
| 13 | Austria | 1.0% |
| 14 | Norway | 0.7% |
| 15 | Denmark | 0.7% |
| 16 | Lithuania | 0.4% |
| 17 | Net Current Assets | 0.4% |
Top 10 Holdings (as of 30 September 2026, % of Total Assets)
| Rank | Company | Weight |
|---|---|---|
| 1 | Bending Spoons | 16.5% |
| 2 | ASML | 6.5% |
| 3 | Tekever Holdings SA | 5.1% |
| 4 | Roche | 4.8% |
| 5 | TotalEnergies | 4.6% |
| 6 | KBC Group | 3.1% |
| 7 | Allianz AG | 2.7% |
| 8 | UBS [Union Bank of Switzerland] | 2.6% |
| 9 | Investor | 2.3% |
| 10 | CaixaBank | 2.3% |
| Total | 50.3% |
Top 20 Sector Holdings (out of 27 Sectors, as of 30 September 2026)
The original text displays this as a bar chart and does not provide exact percentage values. The identifiable sectors, ordered from highest to lowest weight as shown in the chart, are as follows:
1. Software & Computer Services
2. Banks
3. Aerospace & Defence
4. Technology Hardware & Equipment
5. Investment Banking & Brokerage Services
6. Pharmaceuticals & Biotechnology
7. Construction & Materials
8. Non-Life Insurance
9. Oil, Gas & Coal
10. Industrial Transportation
11. Electricity
12. Personal Goods
13. Telecommunications Service Providers
14. Leisure Goods
15. Industrial Metals & Mining
16. Media
17. Beverages
18. Personal Care, Drug & Grocery Stores
19. Consumer Services
20. Industrial Engineering
Note: The precise percentage weights for each sector depend on the original chart and cannot be extracted from the text.