How these funds work? Under what

LightKnow

Hi 

What category is these types funds under? Are they much different?

Not sure how explain it but look at Baillie Gifford sustainable multi asset 

it top 10 are other investors 

If I invest into would I be investing into say black total returns or am I investing into funds they hold to?


sorry if I made sound confusing, wasn’t sure how else to explain 

Albermarle

sorry if I made sound confusing,

Well it is confusing. Not really sure what you are asking. 

Maybe rephrase the question with a few more details.

LightKnow

Ok let try give e.g 



Baillie Gifford Responsible Global Equity Income Class C    - Has following companies- Microsoft, Apple etc 

But 

Baillie Gifford SUSTAINABLE MULTI ASSET - see the bold below has the above fund in this - in this scenario how is money or fund working ?  Also is there particular category this type fund fall under 

Security	Weight
Baillie Gifford Emerging Markets Bond Class C	11.86%
Baillie Gifford Strategic Bond Class C	5.61%
Baillie Gifford Responsible Global Equity Income Class C	5.18%
Baillie Gifford Global Alpha Paris-Aligned Class C	3.54%

masonic

LightKnow said:

Ok let try give e.g 



Baillie Gifford Responsible Global Equity Income Class C    - Has following companies- Microsoft, Apple etc 

But 

Baillie Gifford SUSTAINABLE MULTI ASSET - see the bold below has the above fund in this - in this scenario how is money or fund working ?  Also is there particular category this type fund fall under 

Security	Weight
Baillie Gifford Emerging Markets Bond Class C	11.86%
Baillie Gifford Strategic Bond Class C	5.61%
Baillie Gifford Responsible Global Equity Income Class C	5.18%
Baillie Gifford Global Alpha Paris-Aligned Class C	3.54%

This is a multi-asset fund, and it is not uncommon for such a fund to be a fund of funds. They work just like any other fund, but rather than invest in market securities directly, they invest in other funds. Another example of such a fund is Vanguard LifeStrategy.

dunstonh

Not sure how explain it but look at Baillie Gifford sustainable multi asset 
it top 10 are other investors 

Like many multi-asset funds, it is a fund of funds.  In this case, a fettered fund of funds.

If I invest into would I be investing into say black total returns or am I investing into funds they hold to?

You hold units in the multi-asset fund.   The fund holds units in the underlying funds.