BTLSX Performance — Baillie Gifford International Concentrated Growth Equities Fund, Institutional Class
Data updated: 2026-05-21
BTLSX returned −10.57% year to date and +1.80% over one year to Mar 2026. Annualised returns are +6.79% over 3 years and −2.48% over 5 years. The fund trailed its International Large Growth category average: $100 invested three years ago grew to $122, against $124 for the category, and to $102 over one year, against $111. Volatility over the past three years was 20.72% a year. In the 12 months to Mar 2026 the fund lost a net $1.4M, and assets reached $84.04M.
BTLSX Growth of $100
What $100 invested in Baillie Gifford International Concentrated Growth Equities Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the International Large Growth category average over the same months.
| Period | BTLSX | Category average |
|---|---|---|
| 1 year (Apr 2025 – Mar 2026) | $102 | $111 |
| 3 years (Apr 2023 – Mar 2026) | $122 | $124 |
| 5 years (Apr 2021 – Mar 2026) | $88 | $110 |
| Since data start (Jul 2019 – Mar 2026) | $194 | $155 |
BTLSX Trailing Returns
Total returns to Mar 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −10.57% |
| 1 year | +1.80% |
| 3 years (annualised) | +6.79% |
| 5 years (annualised) | −2.48% |
BTLSX Annual Returns
Calendar-year total returns of Baillie Gifford International Concentrated Growth Equities Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Mar) | −10.57% |
| 2025 | +16.54% |
| 2024 | +18.33% |
| 2023 | +14.75% |
| 2022 | −39.58% |
| 2021 | +0.78% |
| 2020 | +96.92% |
| 2019 (Jul–Dec) | +14.47% |
BTLSX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.7% | −4.3% | −7.2% | — | — | — | — | — | — | — | — | — |
| 2025 | +6.8% | +4.1% | −7.9% | +5.2% | +8.4% | +4.3% | −4.3% | +4.0% | +3.3% | −0.3% | −5.9% | −0.6% |
| 2024 | −1.1% | +8.2% | +3.1% | −4.7% | +9.1% | −2.1% | −0.1% | +4.6% | +5.7% | −1.8% | +1.5% | −4.4% |
| 2023 | +17.6% | −8.1% | +7.5% | −2.5% | −1.6% | +5.3% | +6.4% | −8.8% | −11.5% | −6.1% | +16.5% | +3.9% |
| 2022 | −12.5% | −9.3% | −3.2% | −14.5% | −2.8% | −8.6% | +11.8% | −7.7% | −12.4% | +2.7% | +18.7% | −5.9% |
| 2021 | +6.7% | −3.9% | −4.8% | +5.7% | −2.3% | +7.6% | −1.0% | +4.0% | −7.9% | +6.1% | −3.9% | −4.1% |
| 2020 | −0.5% | −2.3% | −7.9% | +14.4% | +14.1% | +10.6% | +9.5% | +13.1% | −1.1% | +1.8% | +14.0% | +7.3% |
| 2019 | — | — | — | — | — | — | −0.2% | −2.8% | −1.0% | +4.3% | +5.4% | +8.4% |
BTLSX Risk
Risk measures from monthly returns over Apr 2023 – Mar 2026.
- 3-year volatility (annualised): 20.72%
- 3-year Sharpe ratio: 0.11 (vs 4.5% risk-free rate)
- Best month: +16.51% (Nov 2023)
- Worst month: −11.51% (Sep 2023)
BTLSX Fund Flows
Monthly money in and out of Baillie Gifford International Concentrated Growth Equities Fund, from SEC Form N-PORT.
- 12-month net flow: −$1.4M
- 12-month gross sales (incl. reinvestments): $25.3M
- Sales ÷ redemptions: 0.95×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Mar 2026 | $1.2M | $3.2M | −$2.1M |
| Feb 2026 | $1.1M | $1.3M | −$187K |
| Jan 2026 | $1.2M | $3.0M | −$1.9M |
| Dec 2025 | $2.0M | $2.3M | −$263K |
| Nov 2025 | $1.1M | $5.2M | −$4.1M |
| Oct 2025 | $1.8M | $1.8M | −$68K |
| Sep 2025 | $2.1M | $1.1M | $1.1M |
| Aug 2025 | $2.0M | $1.3M | $764K |
| Jul 2025 | $1.5M | $2.1M | −$617K |
| Jun 2025 | $1.1M | $1.5M | −$411K |
| May 2025 | $8.1M | $2.3M | $5.8M |
| Apr 2025 | $2.1M | $1.6M | $579K |
BTLSX Assets Under Management
Net assets of Baillie Gifford International Concentrated Growth Equities Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-03-31 | $84.04M |
| 2025-12-31 | $98.21M |
| 2025-09-30 | $110.06M |
| 2025-06-30 | $105.98M |
| 2025-03-31 | $83.74M |
| 2024-12-31 | $79.27M |
| 2024-09-30 | $83.31M |
| 2024-06-28 | $74.23M |
| 2024-03-28 | $80.74M |
| 2023-12-29 | $75.63M |
| 2023-09-29 | $75.58M |
| 2023-06-30 | $85.13M |
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.