Continue to site >
Trending ETFs

Name

As of 06/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.51

$930 K

2.50%

$0.24

27.12%

Vitals

YTD Return

10.3%

1 yr return

15.5%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$930 K

Holdings in Top 10

46.6%

52 WEEK LOW AND HIGH

$9.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 27.12%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 0.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$10,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.51

$930 K

2.50%

$0.24

27.12%

BGEZX - Profile

Distributions

  • YTD Total Return 10.3%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 17.62%
DIVIDENDS
  • Dividend Yield 2.5%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Baillie Gifford Emerging Markets ex China Fund
  • Fund Family Name
    Baillie Gifford Funds
  • Inception Date
    Dec 28, 2021
  • Shares Outstanding
    50000
  • Share Class
    K
  • Currency
    USD
  • Domiciled Country
    GB
  • Manager
    Mike Gush

Fund Description

The Fund seeks to meet its objective by investing in a portfolio of common stocks and other equity securities of issuers located in countries of emerging and frontier markets.

Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in companies located in countries represented in the MSCI Emerging Markets ex China Index. The Fund invests primarily in equity securities either directly or indirectly (such as through depositary receipts or participatory notes) and may invest in preferred stocks, convertible securities and warrants. The Fund is not constrained with respect to market capitalization and may participate in initial public offerings ("IPOs") and in securities offerings that are not registered in the U.S. The portfolio managers have flexibility to gain exposure to one or more emerging markets through investing in ETFs that track relevant equity indices.

The portfolio managers select companies without being constrained by the MSCI Emerging Markets ex China benchmark. The portfolio managers may reference the benchmark to set limits on the relative weighting of countries in the portfolio. The intended investment universe comprises primarily issuers located in countries with emerging market economies, with the exception of China, though the Fund may gain limited exposure to the Chinese economy, as a consequence of the indirect exposure that companies in other emerging market countries have to China. The portfolio managers focus on company research and the long-term outlook of companies and industries. Ideas can come from a wide variety of sources, including, but not limited to, research trips, company meetings, and relationships with industry thought leaders and academic institutions. Stock ideas are normally researched to assess a range of factors, including: long-term growth potential, geographic and industry positioning, competitive advantage, management, financial strength and valuation.

The intended outcome is a portfolio of between 40 and 80 growth stocks with the potential to outperform the Fund's benchmark over the long term. The Fund intends to operate as a non-diversified fund, which means that it may invest a relatively large

percentage of its assets in a small number of issuers, industries, or sectors. The process can result in significant exposure to a single country or a small number of countries, which in recent periods has included India and Taiwan. The Fund aims to hold securities for long periods (typically at least 5 years), which generally results in relatively low portfolio turnover and is in line with the portfolio managers' long-term investment outlook. Consistent with this investment outlook, the portfolio managers seek to identify companies with the potential to sustain financial growth over the long term. When assessing a company's long-term growth prospects, the portfolio managers seek to identify and to incorporate a range of factors that are material to managing the Fund's investment risks and maximizing capital appreciation. Such factors potentially include the environmental, social, and/or governance characteristics of the company, such as stewardship, sustainable business practices, and/or corporate culture.

The portfolio managers primarily employ a bottom-up stock-picking approach that seeks to make long-term investments in well-managed businesses with genuine and sustainable competitive advantages. The portfolio managers can also consider macro-economic factors when identifying potential investments. The portfolio managers seek to identify companies that are likely to generate above average growth in earnings and cash flows, based on fundamental research.

The portfolio managers may sell a holding if they determine there has been a material deterioration in the investment case or as appropriate to make other investments or meet redemptions.

The Fund may invest without limitation in securities quoted or denominated in currencies other than the U.S. dollar and may hold such currencies. The Fund does not expect to engage in currency hedging and thus expects to be fully exposed to currency fluctuations relative to the U.S. dollar.

Read More

BGEZX - Performance

Return Ranking - Trailing

Period BGEZX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.3% -9.0% 19.7% 14.38%
1 Yr 15.5% -13.0% 29.5% 12.89%
3 Yr N/A* -20.9% 10.2% N/A
5 Yr N/A* -5.5% 12.7% N/A
10 Yr N/A* -2.7% 6.2% N/A

* Annualized

Return Ranking - Calendar

Period BGEZX Return Category Return Low Category Return High Rank in Category (%)
2023 20.6% -6.5% 35.5% 4.92%
2022 N/A -50.1% -2.4% N/A
2021 N/A -33.1% 22.5% N/A
2020 N/A -22.1% 80.1% N/A
2019 N/A -0.7% 42.0% N/A

Total Return Ranking - Trailing

Period BGEZX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.3% -9.0% 19.7% 14.38%
1 Yr 15.5% -13.0% 29.5% 12.89%
3 Yr N/A* -20.9% 10.2% N/A
5 Yr N/A* -5.5% 12.7% N/A
10 Yr N/A* -2.7% 6.2% N/A

* Annualized

Total Return Ranking - Calendar

Period BGEZX Return Category Return Low Category Return High Rank in Category (%)
2023 23.9% -2.7% 42.0% 3.55%
2022 N/A -42.2% 1.9% N/A
2021 N/A -32.5% 33.1% N/A
2020 N/A -20.0% 81.6% N/A
2019 N/A 2.3% 42.0% N/A

NAV & Total Return History


BGEZX - Holdings

Concentration Analysis

BGEZX Category Low Category High BGEZX % Rank
Net Assets 930 K 682 K 103 B 99.59%
Number of Holdings 62 10 7049 79.54%
Net Assets in Top 10 459 K 290 K 19.2 B 99.32%
Weighting of Top 10 46.60% 2.9% 140.4% 9.43%

Top 10 Holdings

  1. Taiwan Semiconductor Manufacturing Co Ltd 14.59%
  2. Samsung Electronics Co Ltd 6.64%
  3. Reliance Industries Ltd 4.35%
  4. MercadoLibre Inc 4.14%
  5. SK Hynix Inc 3.71%
  6. MediaTek Inc 3.68%
  7. Petroleo Brasileiro SA 3.63%
  8. Fomento Economico Mexicano SAB de CV 1.97%
  9. Bank Rakyat Indonesia Persero Tbk PT 1.96%
  10. Samsung Electronics Co Ltd 1.93%

Asset Allocation

Weighting Return Low Return High BGEZX % Rank
Stocks
90.97% 0.00% 102.46% 87.86%
Cash
6.39% -2.03% 40.36% 6.68%
Preferred Stocks
2.64% 0.00% 10.09% 16.23%
Other
0.00% -0.21% 37.51% 65.08%
Convertible Bonds
0.00% 0.00% 7.40% 59.07%
Bonds
0.00% 0.00% 92.29% 64.26%

Stock Sector Breakdown

Weighting Return Low Return High BGEZX % Rank
Technology
39.25% 0.00% 47.50% 0.97%
Financial Services
16.54% 0.00% 48.86% 79.01%
Energy
13.67% 0.00% 24.80% 1.52%
Basic Materials
13.57% 0.00% 30.03% 7.04%
Consumer Cyclical
8.49% 0.00% 48.94% 88.26%
Communication Services
5.22% 0.00% 39.29% 83.15%
Industrials
1.64% 0.00% 43.53% 94.75%
Consumer Defense
1.62% 0.00% 25.90% 96.69%
Utilities
0.00% 0.00% 39.12% 87.02%
Real Estate
0.00% 0.00% 17.15% 93.37%
Healthcare
0.00% 0.00% 16.53% 99.45%

Stock Geographic Breakdown

Weighting Return Low Return High BGEZX % Rank
Non US
71.02% 0.00% 100.18% 86.77%
US
19.95% 0.00% 99.51% 19.65%

BGEZX - Expenses

Operational Fees

BGEZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 27.12% 0.03% 29.98% 0.55%
Management Fee 0.72% 0.00% 2.00% 23.22%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.85% N/A

Sales Fees

BGEZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

BGEZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BGEZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 0.00% 0.00% 189.00% 0.33%

BGEZX - Distributions

Dividend Yield Analysis

BGEZX Category Low Category High BGEZX % Rank
Dividend Yield 2.50% 0.00% 9.74% 29.47%

Dividend Distribution Analysis

BGEZX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Quarterly Annual

Net Income Ratio Analysis

BGEZX Category Low Category High BGEZX % Rank
Net Income Ratio 17.62% -1.98% 17.62% 0.28%

Capital Gain Distribution Analysis

BGEZX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

BGEZX - Fund Manager Analysis

Managers

Mike Gush


Start Date

Tenure

Tenure Rank

Dec 28, 2021

0.42

0.4%

Mike graduated MEng in Mechanical Engineering from Durham University in 2003. He joined Baillie Gifford in the same year and worked in the UK and Japanese Equity Teams before moving to the Emerging Markets Equity Team in 2005, where he is an Investment Manager. Mike is CFA Charter holder.

Andrew Stobart


Start Date

Tenure

Tenure Rank

Dec 28, 2021

0.42

0.4%

Andrew Stobart joined Baillie Gifford in 1991. He has worked in the Japanese, North American and UK Equity Teams. Prior to joining Baillie Gifford, Mr. Stobart worked for three years in investment banking in London.

Ben Durrant


Start Date

Tenure

Tenure Rank

Dec 28, 2021

0.42

0.4%

Mr. Durrant is an Investment Manager in the Emerging Markets Team and before that he was an Investment Analyst in the Private Companies Team. He joined Baillie Gifford in 2017. He previously worked for RBS in their Group Strategy and Corporate Finance Team. He is also a Chartered Accountant and a CFA Charterholder. Ben graduated BSc (Hons) in Mathematics from the University of Edinburgh in 2012.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 33.71 6.52 13.42