BGEDX Fees and Costs — Baillie Gifford Emerging Markets Equities Fund, Class 5
Data updated: 2026-08-24
The net expense ratio is 0.62%: a 0.52% management fee, a 0.02% 12b-1 fee plus 0.08% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2.5M in broker commissions, 0.0409% of average net assets, and portfolio turnover was 28%.
BGEDX Fees and Expenses
Annual operating expenses and sales charges of BGEDX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.52% |
| 12b-1 fee | 0.02% |
| Other expenses | 0.08% |
| Gross expense ratio | 0.62% |
| Fee waiver | — |
| Net expense ratio | 0.62% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
BGEDX Costs Over Time
On $10,000 invested in BGEDX, assuming 5% a year before costs, total costs come to $416 over 5 years, cutting the return by 0.69% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.62%) | $65 | $204 | $355 |
| Trading costs (broker commissions) | $4 | $13 | $23 |
| Lost growth on money paid in costs | $0 | $11 | $38 |
| Total costs | $69 | $228 | $416 |
| Value after costs | $10,431 | $11,348 | $12,347 |
| Impact on return, per year | 0.69% | 0.69% | 0.69% |
BGEDX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0409%
- Total broker commissions: $2.5M
- Bought from dealers (principal trades, not a cost): $6.3M
- Portfolio turnover (prospectus): 28%
- Securities lending: none during the year
BGEDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CLSA AMERICAS, LLC | $366K | 17.46% |
| China International Capital Corporation Limited | $356K | 16.99% |
| BOFA SECURITIES, INC. | $265K | 12.63% |
| UBS Securities LLC | $264K | 12.59% |
| J.P. Morgan Securities LLC | $259K | 12.34% |
| CITIGROUP GLOBAL MARKETS INC. | $151K | 7.22% |
| BTG PACTUAL US CAPITAL, LLC | $124K | 5.94% |
| GOLDMAN SACHS & CO. LLC | $111K | 5.29% |
| MORGAN STANLEY & CO. LLC | $109K | 5.19% |
| MACQUARIE CAPITAL (USA), INC. | $91K | 4.34% |
BGEDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| HSBC SECURITIES (USA), INC. | $6.3M | 100.00% |
Baillie Gifford Emerging Markets Equities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| BGEDX | Class 5 | 0.62% | — |
| BGEPX | Class 4 | 0.67% | — |
| BGELX | Class 3 | 0.70% | — |
| BGEHX | Class 2 | 0.77% | — |
| BGKEX | Class K | 0.77% | — |
| BGEGX | Institutional Class | 0.86% | — |
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.