C000017777 Fees and Costs — Baillie Gifford International Stock Portfolio, Class E
Data updated: 2026-08-27
The net expense ratio is 0.89%: a 0.81% management fee, a 0.15% 12b-1 fee plus 0.04% other expenses, less a 0.11% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $313K in broker commissions, 0.0230% of average net assets, and portfolio turnover was 19%.
C000017777 Fees and Expenses
Annual operating expenses and sales charges of C000017777. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.81% |
| 12b-1 fee | 0.15% |
| Other expenses | 0.04% |
| Gross expense ratio | 1.00% |
| Fee waiver | −0.11% |
| Net expense ratio | 0.89% |
| 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 |
C000017777 Costs Over Time
On $10,000 invested in C000017777, assuming 5% a year before costs, total costs come to $572 over 5 years, cutting the return by 0.96% 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 0.89%) | $93 | $292 | $507 |
| Trading costs (broker commissions) | $2 | $8 | $13 |
| Lost growth on money paid in costs | $0 | $15 | $52 |
| Total costs | $96 | $314 | $572 |
| Value after costs | $10,404 | $11,262 | $12,191 |
| Impact on return, per year | 0.96% | 0.96% | 0.96% |
C000017777 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): 0.0230%
- Total broker commissions: $313K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 19%
- Securities on loan, average value: $24.8M
- Net income from securities lending: $76K (0.006% of average net assets)
C000017777 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $39K | 17.01% |
| Jefferies LLC | $38K | 16.71% |
| Citigroup Global Markets Inc. | $37K | 16.25% |
| Morgan Stanley & Co. LLC | $24K | 10.36% |
| Nomura Securities International, Inc. | $20K | 8.63% |
| Berenberg Capital Markets LLC | $18K | 7.79% |
| J.P. Morgan Securities LLC | $15K | 6.71% |
| UBS Securities LLC | $15K | 6.53% |
| Daiwa Capital Markets America Inc. | $12K | 5.21% |
| Davy Securities Unlimited Company | $11K | 4.79% |
Baillie Gifford International Stock Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000017775 | Class A | 0.74% | — |
| C000017777 | Class E | 0.89% | — |
| C000017776 | Class B | 0.99% | — |
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.