BGITX
Baillie Gifford International Alpha Fund
Baillie Gifford Funds
Expense ratio1
0.59%
Net assets2
$1.86B
Holdings2
78
Category
International Equity
2025 return3
19.60%

Investment objective & strategy

As of Dec. 10, 2025 · prospectus

Strategy. 1. The third paragraph of the section titled Principal Investment Strategies relating to the Fund in the Fund Summaries section of the Prospectus is hereby restated in its entirety as follows: The portfolio managers employ a bottom-up approach to stock selection, seeking to identify companies they believe have attractive long-term growth prospects, and principally select companies without being constrained by the MSCI ACWI ex USA benchmark. 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, research trips, company meetings, and relationships with industry thought leaders and academic institutions. Stock ideas are normally researched to assess a range of factors, including: … 1. The third paragraph of the section titled Principal Investment Strategies relating to the Fund in the Fund Summaries section of the Prospectus is hereby restated in its entirety as follows: The portfolio managers employ a bottom-up approach to stock selection, seeking to identify companies they believe have attractive long-term growth prospects, and principally select companies without being constrained by the MSCI ACWI ex USA benchmark. 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, research trips, 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. Under normal circumstances, the intended outcome is a diversified portfolio typically consisting of between 60 and 90 growth companies with the potential to outperform the Funds benchmark over the long term. The process can result in significant exposure to a single country or a small number of countries. The Fund expects to invest in Chinese companies, among other means, through China A shares, which are common stocks and other equity securities that are listed or traded on a Chinese stock exchange and which are quoted in renminbi, the official currency of China. The Fund aims to hold securities for long periods (typically at least 5 years), which generally results in relatively low portfolio turnover and is in line with the portfolio managers long-term investment outlook. When assessing a companys long-term growth prospects, the portfolio managers seek to identify and to incorporate a range of factors that are material to managing the Funds investment risks and maximizing capital appreciation. Such factors potentially include the environmental, social, and/or governance characteristics of the company, such as stewardship, sustainable business practices, and/or corporate culture.

Top holdings

As of March 31, 2026 · N-PORT
SecurityTickerValue% of fund
TSMC $129.03M 6.94%
SAMSUNG ELECTRONICS CO LTD $76.27M 4.10%
TENCENT HOLDINGS LTD $63.49M 3.41%
RIO TINTO PLC $54.51M 2.93%
DEUTSCHE BOERSE $52.59M 2.83%
B3 SA $46.26M 2.49%
DSV PANALPINA A S DSV $43.91M 2.36%
MERCADOLIBRE INC $42.24M 2.27%
ASML Holding NV $41.18M 2.21%
AIA Group Ltd $39.33M 2.11%
View all holdings →

Allocation by sector

As of March 31, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Dec 31, 2025 → Mar 31, 2026
Opened
9
Exited
10
Increased
17
Decreased
52
Unchanged
3

How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.

View portfolio moves →

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Advisers

As of December 31, 2025 · N-CEN
FirmRole
Baillie Gifford Overseas Ltd Adviser

Footnotes

  1. Expense ratio as of April 30, 2025, from the fund's prospectus.
  2. Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
  3. Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).

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