BGCDX Performance — Baillie Gifford China Equities Fund, Class K
Data updated: 2026-08-24
BGCDX returned −4.34% year to date and +11.98% over one year to Jun 2026. Annualised returns are +9.50% over 3 years and −6.97% over 5 years. The fund trailed its China Equity category average: $100 invested three years ago grew to $131, against $145 for the category, and to $112 over one year, against $123. Volatility over the past three years was 23.36% a year. In the 12 months to Jun 2026 the fund lost a net $263K, and assets reached $2.75M.
BGCDX Growth of $100
What $100 invested in Baillie Gifford China Equities Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the China Equity category average over the same months.
| Period | BGCDX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $112 | $123 |
| 3 years (Jul 2023 – Jun 2026) | $131 | $145 |
| 5 years (Jul 2021 – Jun 2026) | $70 | $92 |
BGCDX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −4.34% |
| 1 year | +11.98% |
| 3 years (annualised) | +9.50% |
| 5 years (annualised) | −6.97% |
BGCDX Annual Returns
Calendar-year total returns of Baillie Gifford China Equities Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | −4.34% |
| 2025 | +36.76% |
| 2024 | +9.81% |
| 2023 | −18.08% |
| 2022 | −28.40% |
| 2021 (Jul–Dec) | −17.29% |
BGCDX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +3.5% | −2.5% | −6.9% | +6.2% | −1.5% | −2.6% | — | — | — | — | — | — |
| 2025 | +2.4% | +11.7% | +1.5% | −4.9% | +1.1% | +4.7% | +3.2% | +10.4% | +8.4% | −3.0% | −2.2% | 0.0% |
| 2024 | −13.3% | +8.0% | +1.4% | +5.3% | +2.1% | −3.9% | −2.4% | +0.2% | +23.7% | −4.1% | −3.1% | −0.5% |
| 2023 | +13.8% | −10.9% | +0.8% | −6.8% | −9.3% | +3.7% | +9.5% | −9.0% | −4.4% | −5.0% | +3.8% | −2.7% |
| 2022 | −4.2% | −5.4% | −11.1% | −6.9% | +1.6% | +10.9% | −9.6% | −2.1% | −14.5% | −13.0% | +23.7% | +4.1% |
| 2021 | — | — | — | — | — | — | −8.2% | −2.0% | −4.3% | +4.2% | −3.2% | −4.7% |
BGCDX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 23.36%
- 3-year Sharpe ratio: 0.21 (vs 4.5% risk-free rate)
- Best month: +23.68% (Sep 2024)
- Worst month: −13.26% (Jan 2024)
BGCDX Fund Flows
Monthly money in and out of Baillie Gifford China Equities Fund, from SEC Form N-PORT.
- 12-month net flow: −$263K
- 12-month gross sales (incl. reinvestments): $29K
- Sales ÷ redemptions: 0.10×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $0 | $226K | −$226K |
| May 2026 | $0 | $35K | −$35K |
| Apr 2026 | $0 | $0 | $0 |
| Mar 2026 | $0 | $0 | $0 |
| Feb 2026 | $0 | $0 | $0 |
| Jan 2026 | $0 | $10K | −$10K |
| Dec 2025 | $29K | $182 | $29K |
| Nov 2025 | $0 | $1K | −$1K |
| Oct 2025 | $0 | $7K | −$7K |
| Sep 2025 | $0 | $0 | $0 |
| Aug 2025 | $0 | $11K | −$11K |
| Jul 2025 | $0 | $4K | −$4K |
BGCDX Assets Under Management
Net assets of Baillie Gifford China Equities Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $2.75M |
| 2026-03-31 | $2.95M |
| 2025-12-31 | $3.15M |
| 2025-09-30 | $3.33M |
| 2025-06-30 | $2.71M |
| 2025-03-31 | $2.99M |
| 2024-12-31 | $2.60M |
| 2024-09-30 | $2.85M |
| 2024-06-28 | $2.15M |
| 2024-03-28 | $2.03M |
| 2023-12-29 | $2.05M |
| 2023-09-29 | $2.12M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.