Annual Overview from QuotedData

Baillie Gifford UK Growth Trust - Annual overview from QuotedData

11 August 2026

A sharper edge for BGUK

Baillie Gifford UK Growth Trust (BGUK) offers a different way to invest in the UK through a concentrated portfolio of high-quality growth companies. Performance has been held back by a long period in which UK growth investing has been out of favour. Even so, many holdings have continued to make operational progress, while valuations remain low compared with their earnings prospects and international peers.

The appointment of James Smith as a third co-manager adds a fresh perspective and should tighten portfolio construction, valuation and sell discipline, while keeping BGUK's long-term growth approach. With gearing in place, a stronger management team and a portfolio with significant long-term growth potential, BGUK could benefit from any recovery in UK growth shares. The management fee has been cut by 20% until April 2029, and the high-single-digit discount to NAV could add upside if performance and investor sentiment improve.

Full Research:

https://quoteddata.com/research/baillie-gifford-uk-growth-trust-a-sharper-edge-for-bguk-qd/

This research is also available free on our website www.quoteddata.com where you will also find news, performance data and factsheets on every London listed Investment Company. QuotedData writes and distributes research on a number of quoted companies, facilitates meetings between those companies and existing and potential investors and assists in raising additional capital where required.

NB: Marten & Co was paid to produce this note Baillie Gifford UK Growth Trust Plc, and it is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the Financial Conduct Authority. Marten & Co is not permitted to provide investment advice to individual investors categorised as Retail Clients under the rules of the Financial Conduct Authority.

QUOTEDDATA50 Gresham Street | London EC2V 7AYTel: +44 (0) 20 3691 9430

www.quoteddata.com | [email protected] | www.martenandco.com