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Invest in progress.

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Document

£1bn share buyback announcement

Strong balance sheet + high portfolio conviction + discounted share price = potential investment opportunity.

Video

What are buybacks?

Scottish Mortgage is significantly increasing its buyback activity. Find out how this works by watching this short animation.

Illustration of circles on a wavey line.
Video

What are discounts and premiums?

The Trust’s shares are trading at a discount. To find out what this means, watch this short film.

Tom Slater, Lawrence Burns and Stewart Heggie sat in discussion.
Video

Investor webinar: your questions answered

Tom Slater and Lawrence Burns talk buybacks, private company valuations, and the astonishing progress of portfolio holdings.

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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Please note, when a trust buys back its own shares, the risk of borrowing to make further investments is higher. The risk of borrowing is that when this money is repaid by the trust, the value of the investments may not be enough to cover the borrowing and interest costs, and the trust will make a loss. If the trust's investments fall in value, any invested borrowings will increase the amount of this loss.

Insights

Podcast

Moderna: from Covid vaccines to cancer cures

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

Researcher at work in DNA genetic laboratory.
Article

Innovation breeds growth

Tom Slater explains how companies create value and power progress by combining earlier innovations.

Colours of sunset reflected on a close up view of rippled water.
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.

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Article

China: setting the pace in key industries

Lawrence Burns reports back following his recent trip to China.

Share price

Source: Morningstar. Share prices are shown at closing mid price. NAVs are estimated.
*Ongoing charges as at 31 March 2023. 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 27 June 2023 at the Royal College of Physicians of Edinburgh, 11 Queen St, Edinburgh EH2 1JQ.

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

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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.