BGUIX Fees and Costs — Baillie Gifford U.S. Discovery Fund, Institutional Class
Data updated: 2024-11-22
The net expense ratio is 0.82%: a 0.67% management fee plus 7.41% other expenses, less a 7.26% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $367 in broker commissions, 0.0145% of average net assets, and portfolio turnover was 11%.
BGUIX Fees and Expenses
Annual operating expenses and sales charges of BGUIX. Prospectus, as of April 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.67% |
| 12b-1 fee | 0.00% |
| Other expenses | 7.41% |
| Gross expense ratio | 8.08% |
| Fee waiver | −7.26% |
| Net expense ratio | 0.82% |
| 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 |
BGUIX Costs Over Time
On $10,000 invested in BGUIX, assuming 5% a year before costs, total costs come to $524 over 5 years, cutting the return by 0.88% 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 0.82%) | $86 | $269 | $468 |
| Trading costs (broker commissions) | $2 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $14 | $48 |
| Total costs | $88 | $287 | $524 |
| Value after costs | $10,412 | $11,289 | $12,239 |
| Impact on return, per year | 0.88% | 0.88% | 0.88% |
BGUIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0145%
- Total broker commissions: $367
- Bought from dealers (principal trades, not a cost): $6
- Portfolio turnover (prospectus): 11%
- Securities lending: none during the year
BGUIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $132 | 37.08% |
| HSBC SECURITIES (USA) INC. | $78 | 21.91% |
| MORGAN STANLEY & CO. LLC | $43 | 12.08% |
| INSTINET, LLC | $31 | 8.71% |
| JEFFERIES LLC | $30 | 8.43% |
| J.P. Morgan Securities LLC | $9 | 2.53% |
| BARCLAYS CAPITAL, INC. | $9 | 2.53% |
| BOFA SECURITIES, INC. | $8 | 2.25% |
| GOLDMAN SACHS & CO. LLC | $8 | 2.25% |
| CANTOR FITZGERALD & CO. | $8 | 2.25% |
BGUIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $6 | 100.00% |
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.