BGGSX Fees and Costs — Baillie Gifford U.S. Equity Growth Fund, Institutional Class
Data updated: 2026-08-24
The net expense ratio is 0.75%: a 0.50% management fee plus 1.10% other expenses, less a 0.85% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $3K in broker commissions, 0.0132% of average net assets, and portfolio turnover was 18%.
BGGSX Fees and Expenses
Annual operating expenses and sales charges of BGGSX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.10% |
| Gross expense ratio | 1.60% |
| Fee waiver | −0.85% |
| Net expense ratio | 0.75% |
| 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 |
BGGSX Costs Over Time
On $10,000 invested in BGGSX, assuming 5% a year before costs, total costs come to $480 over 5 years, cutting the return by 0.80% 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 0.75%) | $79 | $246 | $428 |
| Trading costs (broker commissions) | $1 | $4 | $8 |
| Lost growth on money paid in costs | $0 | $12 | $44 |
| Total costs | $80 | $263 | $480 |
| Value after costs | $10,420 | $11,313 | $12,283 |
| Impact on return, per year | 0.80% | 0.80% | 0.80% |
BGGSX 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): 0.0132%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $356K
- Portfolio turnover (prospectus): 18%
- Securities lending: none during the year
BGGSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $553 | 23.39% |
| GOLDMAN SACHS & CO. LLC | $474 | 20.05% |
| WELLS FARGO SECURITIES, LLC | $238 | 10.07% |
| BOFA SECURITIES, INC. | $228 | 9.64% |
| JEFFERIES LLC | $220 | 9.31% |
| MORGAN STANLEY & CO. LLC | $205 | 8.67% |
| HSBC SECURITIES (USA) INC. | $128 | 5.41% |
| PIPER SANDLER & CO. | $115 | 4.86% |
| SG AMERICAS SECURITIES LLC | $107 | 4.53% |
| CITIGROUP GLOBAL MARKETS INC. | $96 | 4.06% |
BGGSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $177K | 49.64% |
| BOFA SECURITIES, INC. | $92K | 25.96% |
| MORGAN STANLEY & CO. LLC | $60K | 16.77% |
| CitiGroup Global Markets Inc. | $27K | 7.64% |
Baillie Gifford U.S. Equity Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| BGGKX | Class K | 0.65% | — |
| BGGSX | Institutional Class | 0.75% | — |
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.