*Source: Morningstar, share price, total return as at 31.12.19. **Ongoing charges as at 31.03.19 calculated in accordance with AIC recommendations. Details
of these costs can be found in the Key Information Document. Your call may be recorded for training or monitoring purposes. Issued and approved by Baillie
Gifford & Co Limited, whose registered address is at Calton Square, 1 Greenside Row, Edinburgh, EH1 3AN, United Kingdom. Baillie Gifford & Co Limited
is the authorised Alternative Investment Fund Manager and Company Secretary of the Company. Baillie Gifford & Co Limited is authorised and regulated by
the Financial Conduct Authority (FCA). The investment trusts managed by Baillie Gifford & Co Limited are listed UK companies and are not authorised and
regulated by the Financial Conduct Authority.
WANTED. DREAMERS, VISIONARIES
AND REVOLUTIONARIES.
=PZPVUHYLU[YLWYLUL\YZVќLYVWWVY[\UP[PLZMVYNYLH[^LHS[OJYLH[PVU;OLScottish Mortgage Investment Trust HJ[P]LS
ZLLRZ[OLTV[
6\YWVY[MVSPVJVUZPZ[ZVMHYV\UKVM^OH[^LILSPL]LHYL[OLTVZ[L_JP[PUNJVTWHUPLZPU[OL^VYSK[VKH`6\Y]PZPVU
PZSVUN[LYTHUK^LPU]LZ[^P[OUVSPTP[ZVUNLVNYHWOPJHSVYZLJ[VYL_WVZ\YL
6\Y[YHJRYLJVYKHZSVUN[LYTZ\WWVY[P]LZOHYLOVSKLYZTHRLZ\ZH[[YHJ[P]L[VHUL^IYLLKVMJHWP[HSSPNO[I\ZPULZZLZ
(UKV\YJVTTP[[LKHWWYVHJOTLHUZ^LJHULUQVHIL[[LYX\HSP[
VMKPHSVN\L^P[OTHUHNLTLU[[LHTZH[[YHUZMVYTH[PVUHS
VYNHUPZH[PVUZ6]LY[OLSHZ[Ä]L`LHYZ[OLScottish Mortgage Investment TrustOHZKLSP]LYLKH[V[HSYL[\YUVM
JVTWHYLK[V MVY[OLZLJ[VY(UK:JV[[PZO4VY[NHNLPZSV^JVZ[^P[OHUVUNVPUNJOHYNLZÄN\YLVMQ\Z[
:[HUKHYKPZLKWHZ[WLYMVYTHUJL[V+LJLTILY
2015 2016 2017 2018 2019
Scottish Mortgage 13.3% 16.5% 41.1% 4.6% 24.8%
AIC Global Sector^ 9.1% 23.5% 26.4% -1.8% 24.5%
E>LPNO[LKH]LYHNL
7HZ[WLYMVYTHUJLPZUV[HN\PKL[VM[\YLYL[\YUZ
7SLHZLYLTLTILY[OH[JOHUNPUNZ[VJRTHYRL[JVUKP[PVUZHUKJ\YYLUJL_JOHUNLYH[LZ^PSSHќLJ[ [OL]HS\LVM[OLPU]LZ[TLU[PU[OLM\UKHUKHU
PUJVTLMYVTP[0U]LZ[VYZTH`UV[NL[IHJR
[OLHTV\U[PU]LZ[LK
-VYHMHYZPNO[LKHWWYVHJOJHSS0800 917 2112
VY]PZP[\ZH[www.scottishmortgageit.com
(2L0UMVYTH[PVU+VJ\TLU[PZH]HPSHISLI
JVU[HJ[PUN\Z
SCOTTISH MORTGAGE
ENTERED THE
FTSE 100 INDEX IN
MARCH 2017.
SCOTTISH MORTGAGE INVESTMENT TRUST
Long-term investment partners