BGEWX Fees and Costs — Baillie Gifford Emerging Markets Ex China Fund, Institutional Class
Data updated: 2026-08-24
The net expense ratio is 0.87%: a 0.72% management fee plus 19.43% other expenses, less a 19.28% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $294 in broker commissions, 0.0255% of average net assets, and portfolio turnover was 20%.
BGEWX Fees and Expenses
Annual operating expenses and sales charges of BGEWX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.72% |
| 12b-1 fee | 0.00% |
| Other expenses | 19.43% |
| Gross expense ratio | 20.15% |
| Fee waiver | −19.28% |
| Net expense ratio | 0.87% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
BGEWX Costs Over Time
On $10,000 invested in BGEWX, assuming 5% a year before costs, total costs come to $561 over 5 years, cutting the return by 0.94% 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 0.87%) | $91 | $285 | $495 |
| Trading costs (broker commissions) | $3 | $8 | $15 |
| Lost growth on money paid in costs | $0 | $15 | $51 |
| Total costs | $94 | $308 | $561 |
| Value after costs | $10,406 | $11,268 | $12,202 |
| Impact on return, per year | 0.94% | 0.94% | 0.94% |
BGEWX 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): 0.0255%
- Total broker commissions: $294
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 20%
- Securities lending: none during the year
BGEWX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $68 | 26.36% |
| UBS Securities LLC | $42 | 16.28% |
| BOFA SECURITIES, INC. | $35 | 13.57% |
| BTG PACTUAL US CAPITAL, LLC | $25 | 9.69% |
| J.P. Morgan Securities LLC | $24 | 9.30% |
| CITIGROUP GLOBAL MARKETS INC. | $19 | 7.36% |
| HO CHI MINH CITY SECURITIES CORPORATION | $15 | 5.81% |
| MORGAN STANLEY & CO. LLC | $12 | 4.65% |
| XP Investimentos Corretora De Cambio, Titulos E Valores Mobiliarios S/A | $9 | 3.49% |
| Investec Securities (US) LLC | $9 | 3.49% |
Baillie Gifford Emerging Markets Ex China Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| BGEWX | Institutional Class | 0.87% | — |
| BGEZX | Class K | 0.87% | — |
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.