1. Objective

    The Global Select Equity Fund seeks capital appreciation.

  2. Investment Proposition

    The Fund combines the expertise of Baillie Gifford’s regional teams with the global perspective of the Portfolio Construction Group (PCG). Stock research and idea generation is the responsibility of our experienced specialist regional investment teams. The PCG then provides challenge, context and comparison when building a concentrated portfolio of 70 -100 stocks. The PCG consists of seven members, representing our regional teams and corporate governance department. The role of each member is twofold: as an individual to bring forward investment ideas and analysis, and as a member of the PCG to provide a global, holistic perspective.

  3. From time to time, certain fees and/or expenses have been voluntarily or contractually waved or reimbursed, which has resulted in higher returns. Without these waivers or reimbursements, the returns would have been lower. Voluntary waivers or reimbursements may be applied or discontinued at any time without notice. Only the Board or Trustees may modify or terminate contractual fee waivers or expense reimbursements. All fees are described in the fund's prospectus.

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    Fund Facts

    All figures to 12/31/2017
    Ticker - Share Class Institutional BGSSX
    Ticker - Share Class K BGSKX
    Launch Date December 14, 2017
    Size $3.0m
    Benchmark MSCI AC World Index
    Current Number of Stocks 79
    Active Share 92%*
    Annual Turnover
    Style Growth
    Stocks (guideline range) 70-100

    Source: Baillie Gifford & Co and relevant underlying index provider(s)

    For a full glossary of definitions, please click here
  5. quote-icon
    From Edinburgh, our research covers the globe. We set no barriers to the imagination of our investors, encouraging fresh perspectives and the use of diverse sources of information.
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    Portfolio Characteristics

      Fund MSCI AC World Index
    Market Cap (weighted average) $103.81bn $132.05bn
    Price/Book 4.03 2.48
    Price/Earnings (12 months forward) 26.35 16.15
    Earnings Growth (5 year historic) 6.39% 3.26%
    Return on Equity 15.30% 15.34%
    Beta 1.07 n/a

    Source: Baillie Gifford & Co, UBS, StatPro and relevant underlying index provider(s).

    Beta is in comparison to MSCI AC World Index.

    For a full glossary of definitions, please click here
  7. Meet the Managers

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    Charges

      K Institutional
    Management Fee 0.50% 0.50%
    Other Expenses 0.56% 0.71%
    Gross Expense Ratio 1.06% 1.21%
    Net Expense Ratio 0.65% 0.80%

     

    Expense Ratios: All mutual funds have expense ratios which represent what shareholders pay for operating expenses and management fees. Expense ratios are expressed as an annualized percentage of a fund's average net assets paid out in expenses. Expense ratio information is as of the Fund's current prospectus, as revised and supplemented from time to time. The net expense ratios for this fund are contractually capped, excluding interest expense (if any), through April 30, 2019.

  9. Fund Risks

    The most significant risks of an investment in The Global Select Equity Fund are Currency and Currency Hedging Risk, Emerging Markets Risk, Equity Securities Risk, Focused Investment Risk, Growth Stock Risk, Information Technology Risk, IPO Risk, Large-Capitalization Securities Risk, Liquidity Risk, Long-Term Investment Strategy Risk, Market Disruption and Geopolitical Risk, Market Risk, Non-U.S. Investment Risk, Service Provider Risk, Settlement Risk, Small- and Medium-Capitalization Securities Risk and Socially Responsible Investing Risk. For more information about these and other risks of an investment in the Fund, see “Principal Investment Risks” and “Additional Investment Strategies” in the prospectus.

  10. Index Disclaimer

    Source: MSCI. The MSCI information may only be used for your internal use, may not be reproduced or redisseminated in any form and may not be used as a basis for or a component of any financial instruments or products or indices. None of the MSCI information is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. The MSCI information is provided on an ‘as is’ basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the ‘MSCI Parties’) expressly disclaims all warranties (including, without limitation, any warranties or originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages (www.msci.com)

  11. The Baillie Gifford Mutual Funds are distributed by Baillie Gifford Funds Services LLC. Investors should carefully consider the objectives, risks, charges and expenses of the Funds before investing. This information and other information about the Funds can be found in the prospectus and the summary prospectus. For a prospectus and summary prospectus please go here. Please carefully read the Fund’s prospectus and related documents before investing.