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Address And Details

780 Third Avenue, 47th Floor , New York, NY 10017
Fund Manager Team Managed
Manager Tenure

Strategy And Objective

Baillie Gifford Emerging Markets Equities Fund seeks capital appreciation. The Fund seeks to meet its objective by investing in a portfolio of common stocks and other equity securities of issuers located in countries of emerging and frontier markets.Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of companies located in countries represented in the MSCI Emerging Markets Index. The countries represented in the MSCI Emerging Markets Index include markets that may be less sophisticated than more developed markets in terms of participation by investors, analyst coverage, liquidity, and regulation. The Fund invests in equity securities either directly or indirectly, such as through depositary receipts or participatory notes, and may invest in preferred stocks, convertible securities and warrants. The Fund is not constrained with respect to market capitalization and may participate in initial public offerings (IPOs) and in securities offerings that are not registered in the U.S. In instances where the Fund holds cash, the portfolio managers have flexibility to gain exposure to one or more emerging markets through investing in exchange traded funds (ETFs) that track relevant equity indices.The portfolio managers primarily employ a bottom-up approach to stock selection and select companies without regard to the MSCI Emerging Markets benchmark. As a result, there may be listings in the benchmark that are not included in the Funds portfolio and holdings in the Funds portfolio that are not included in the benchmark. The portfolio managers may reference the benchmark to set limits on the relative weighting of countries in the portfolio. The portfolio managers can also consider macro-economic factors when identifying potential investments. The portfolio managers focus on company research and the long-term outlook of companies and industries. Ideas can come from a wide variety of sources, including, but not limited to, researchtrips, company meetings, and relationships with industry thought leaders and academic institutions. Stock ideas are normally researched to assess a range of factors, including: long-term growth potential, geographic and industry positioning, competitive advantage, management, financial strength and valuation. The ntended outcome is a diversified portfolio of between 60 and 100 growth companies with the potential to outperform the benchmark over the long term. The process can result in significant exposure to a single country or a small number of countries, and the Fund expects to invest significantly in Chinese companies including through China A shares. The Fund aims to hold securities for long periods (typically 5 years), which results in relatively low portfolio turnover and is in line with the Funds long-term investment outlook. The Fund may invest without limitation in securities quoted or denominated in currencies other than the U.S. dollar and may hold such currencies. The Fund does not expect to engage in currency hedging and thus expects to be fully exposed to currency fluctuations relative to the U.S. dollar.

Net Asset Value

as of 7:10 PM ET 12/07/2021

Performance

  • 1 Week
  • +3.54%
  • 1 Month
  • -3.03%
  • 3 Months
  • -5.42%
  • 1 Yr Return
  • -5.19%
  • 5 Yr Return
  • +64.32%

Equity Sector Breakdown

Technology 17.10%
Finance 16.67%
RetailTrade 15.93%
IndustrialCyclical 10.15%
ConsumerDurables 3.15%
NonDurables 3.07%
Energy 2.92%
Health 2.41%
Services 2.12%
Utilities 1.21%

Asset Allocation

Asset Type % Of Allocation
Stocks 97.18%
ForeignStocks 90.12%
Preferred 1.62%
Cash 0.00%
Bonds 0.00%
Convertible 0.00%
Other 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 1.97 B

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -1.35 -2.11 n/a
Beta 0.90 0.91 n/a
R Squared 0.59 0.52 n/a
Std Deviation 21.64 19.48 n/a
Sharpe Ratio 0.85 0.76 n/a

Purchase Information

as of 7:07 PM ET 12/06/2021
Minimum Initial $500000000
Minimum Additional $0
Minimum Initial IRA $0

Performance

Timeframe Average Annual Current Performance Monthly As Of 11/30/2021 Average Annual Current Performance Quarterly As Of 09/30/2021 Avg Annual Current Performance Monthly As Of 11/30/2021 Avg Annual Current Performance Quarterly As Of 09/30/2021
1 Year
  • -2.99%
  • +16.25%
-2.99% +16.25%
3 Year
  • +12.58%
  • +12.30%
+12.58% +12.30%
10 Year
  • n/a
  • n/a
n/a n/a
Life Of Fund
  • +8.29%
  • +9.10%
+8.29% +9.10%

Top 10 Holdings

Symbol Company Name % Of Assets
TSM TAIWAN SEMICONDUCTOR MANUFACT 8.46%
BABA ALIBABA GROUP HOLDING LIMITE 5.99%
0700.HK TENCENT HOLDINGS LTD 4.42%
PBR PETROLEO BRASILEIRO S.A. ADR 4.32%
067166 SAMSUNG ELECTRONICS CO LTD 4.30%
SBER.MM SBERBANK OF RUSSIA 3.09%
RLNIY RELIANCE INDUSTRIES LTD 2.92%
NILSY MMC NORILSK NICKEL ADR 2.73%
3690 MEITUAN CLASS B 2.42%
601318.S PING AN INS GRP CO OF CHINA 2.35%

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