BTLKX Fees and Costs — Baillie Gifford International Concentrated Growth Equities Fund, Class K
Data updated: 2026-05-21
The net expense ratio is 0.72%: a 0.57% management fee plus 0.26% other expenses, less a 0.11% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $8K in broker commissions, 0.0083% of average net assets, and portfolio turnover was 15%.
BTLKX Fees and Expenses
Annual operating expenses and sales charges of BTLKX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.57% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.26% |
| Gross expense ratio | 0.83% |
| Fee waiver | −0.11% |
| Net expense ratio | 0.72% |
| 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 |
BTLKX Costs Over Time
On $10,000 invested in BTLKX, assuming 5% a year before costs, total costs come to $458 over 5 years, cutting the return by 0.76% 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 0.72%) | $76 | $237 | $411 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $76 | $251 | $458 |
| Value after costs | $10,424 | $11,325 | $12,305 |
| Impact on return, per year | 0.76% | 0.76% | 0.76% |
BTLKX 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): 0.0083%
- Total broker commissions: $8K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 15%
- Securities lending: none during the year
BTLKX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $2K | 22.47% |
| JEFFERIES LLC | $2K | 21.17% |
| BOFA SECURITIES, INC. | $883 | 11.20% |
| MORGAN STANLEY & CO. LLC | $787 | 9.98% |
| VIRTU AMERICAS LLC | $693 | 8.79% |
| INSTINET, LLC | $659 | 8.36% |
| GOLDMAN SACHS & CO. LLC | $559 | 7.09% |
| Joh. Berenberg, Gossler & Co. KG | $331 | 4.20% |
| SG AMERICAS SECURITIES LLC | $269 | 3.41% |
| J.P. Morgan Securities LLC | $261 | 3.31% |
Baillie Gifford International Concentrated Growth 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 |
|---|---|---|---|
| BTLKX | Class K | 0.72% | — |
| BTLSX | Institutional Class | 0.83% | — |
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.