The future.
Be there first.
Invest in progress.

Latest news

Two copies of The Scottish Mortgage annual report, one open on a page including charts, and one closed, showing the front cover. Both are placed on a light blue background.
Document

Annual report

The Company's annual report and financial statements to financial year end, 31 March 2024

Article

Tom Slater: manager review

An update on the portfolio, and the fertile territories for growth investing

Article

Lawrence Burns: manager review

Stepping back from the noise to outline the layers of AI that will drive true transformation

Document

Portfolio executive summary

A summary for the portfolio to 31 March 2024, including 30 largest holdings and full list of investments

Our purpose

At Scottish Mortgage, our purpose is simple. Maximise total returns over the long term. To do that, we aim to own the world’s most exceptional public and private growth companies. And we utilise our investment trust structure to limit fees so that shareholders keep more of any returns generated. Explore this website to discover what we mean by ‘Invest in Progress’, how we find and support the companies shaping the future, and how you can be a part of it. A good place to start is our Philosophy page.

The Invest in Progress podcast

This podcast gives you a backstage pass to Tom and Lawrence's conversations with leaders of the world's most innovative firms. From autonomous drone delivery to treating neurodegenerative diseases, hear how these entrepreneurs are disrupting their respective industries or even creating new ones. Hosted by investment specialist Claire Shaw. Available on your preferred streaming platform.

Tom Slater, Claire Shaw and Lawrence Burns.

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Insights

Podcast

Moderna: from Covid vaccines to cancer cures

From vaccine provider to potential cancer preventer, mRNA’s many possible uses set Moderna apart.

Article

The founder factor

Tom Slater on the secret sauce shared by nearly nine out of ten Scottish Mortgage companies.

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Film

What is private company investing?

Discover what private company investing is, and why our decades of institutional knowledge of exceptional growth companies gives us an advantage.

Article

AI: intelligence everywhere

Why AI could be the printing press of intelligence.

Share price

Source: Morningstar. Share prices are shown at closing mid price. NAVs are estimated.
*Ongoing charges as at 31 March 2024. Calculated in accordance with AIC recommendations. Details of these costs can be found in the Key Information Document.

Key information

AGM & Registrar

AGM

Held on 4 July 2024 at the National Galleries of Scotland, The Mound, Edinburgh EH2 2EL.

Registrar

Computershare Investor Services PLC, The Pavilions, Bridgwater Road, Bristol, BS99 6ZY.

AIC Investment Sector

Global

Launch Date

1909

Assets

Past performance is not a guide to future performance.

**Relative to FTSE All-World Index. Source: Baillie Gifford & Co, FTSE.

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Copyright © Baillie Gifford & Co. 2024

Managed by BG

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.