UPDATE: Saba, which still owns around 29% of USA's shares, is proposing that three new directors be added to the trust's board at its AGM on 23 October 2026. The directors are encouraging shareholders to vote against, saying that Saba had rejected a full cash exit at NAV less costs. USA's NAV return for the year ended May 2025 was 22.1% versus 7.2% for the S&P, and 31.0% for the year ended May 2026 versus 29.8% for the S&P, with outperformance helped by strong performance from its unlisted investments, especially SpaceX. The trust has also invested in both Anthropic and OpenAI.
Bailli...
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UPDATE: A revised profile for this trust was published in March 2025.
Baillie Gifford US Growth launched in 2018, making it the first new Baillie Gifford trust to list since Baillie Gifford Shin Nippon in 1985. Modelled on the popular open-ended Baillie Gifford American fund, US Growth also invests in unlisted companies and it has been one of the best-performing investment trusts on the London market since its IPO. It's consistently traded at a small premium but in common with most other Baillie Gifford trusts, it's been a pretty volatile ride.
2018 was the last year that we saw a significan...
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