1. Objective

    The U.S. Equity Growth Fund seeks capital appreciation.

  2. Investment Proposition

    We aim to identify the exceptional growth businesses in America and own them for long enough that the advantages of their business models and strength of their cultures become the dominant drivers of their stock prices. We believe this long-term horizon allows us to harness the asymmetry inherent in equity markets to capture the disproportionate impact of successful investments. We run concentrated portfolios as we do not want to dilute the impact of such companies in the name of diversification.

  3. Performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.  Please click here for the most recent month-end performance.

    The Baillie Gifford Fund's performance shown assumes reinvestment or dividend and capital gain distributions and is net of management fees and expenses. Returns for periods less than one year are not annualized. 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 03/31/2018
    Ticker - Share Class Institutional BGGSX
    Ticker - Share Class K BGGKX
    Launch Date December 05, 2016
    Size $1.5m
    Benchmark S&P 500 Index
    Current Number of Stocks 42
    Active Share 91%*
    Annual Turnover 15%
    Style Growth
    Stocks (guideline range) 30-50

    *Relative to S&P 500 Index. Source: Baillie Gifford & Co and relevant underlying index provider(s).

    For a full glossary of definitions, please click here
  5. quote-icon
    Thanks to our partnership structure we are free to focus entirely on our long-term vision to deliver the best results for our clients.
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    Portfolio Characteristics

      Fund S&P 500 Index
    Market Cap (weighted average) $157.65bn $198.78bn
    Price/Book 6.83 3.16
    Price/Earnings (12 months forward) 54.17 16.52
    Earnings Growth (5 year historic) 13.34% 6.32%
    Return on Equity 13.20% 19.14%
    Beta 1.13 n/a

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

    Beta is in comparison to S&P 500 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 0.35% 0.50%
    Gross Expense Ratio 0.85% 1.00%
    Net Expense Ratio 0.57% 0.72%

     

    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, 2018.

  9. Fund Risks

    The most significant risks of an investment in The U.S. Equity Growth Fund are Equity Securities Risk, Focused Investment Risk, Frontier 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-Diversification Risk, Service Provider Risk and Small- and Medium-Capitalization Securities 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

    The S&P 500 Index (“Index”) is a product of S&P Dow Jones Indices LLC, a division of S&P Global, or its affiliates (“SPDJI”). Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC, a division of S&P Global (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). Neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors make any representation or warranty, express or implied, as to the ability of any index to accurately represent the asset class or market sector that it purports to represent and neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors shall have any liability for any errors, omissions, or interruptions of any index or the data included therein.

  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.