Baillie Gifford Emerging Markets Equities Fund
Actively managed emerging-markets stock fund
As of its 2026 Q2 report, Baillie Gifford Emerging Markets Equities Fund held 85 positions with $8.87B in net assets. Its ten largest holdings made up 49.9% of the fund. The BGEHX share class costs 0.77% a year. Over the 12 months to May 2026, BGEHX returned 64.4%, with dividends reinvested. In 2026 Q2 it added 6 new positions and exited 7.
Baillie Gifford Emerging Markets Equities Fund seeks capital appreciation.
The fund invests in equity securities of companies in emerging and frontier markets represented in the MSCI Emerging Markets Index, using a bottom-up stock selection process focused on long-term growth prospects, competitive advantage, and management quality rather than tracking the benchmark. The portfolio typically holds 60 to 100 companies and may concentrate significantly in single countries, particularly China. Because the fund's country and sector weightings are not constrained by the benchmark, performance may diverge materially from it. The fund holds securities for long periods, expects minimal currency hedging, and may invest in China A shares, unregistered securities, and IPOs.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD | 14.01% | $1.24B | 15.8M | $78.89 |
SAMSUNG ELECTRONICS CO LTD | 7.94% | $704.44M | 3.2M | $221.90 |
SK HYNIX INC | 4.38% | $388.86M | 220.4K | $1,764.58 |
MEDIATEK INC | 4.36% | $386.86M | 2.8M | $136.26 |
SK SQUARE CO LTD | 4.32% | $382.78M | 338.5K | $1,130.86 |
TENCENT HOLDINGS LTD | 3.75% | $332.38M | 6.0M | $55.18 |
Montage Technology Co Ltd | 3.30% | $292.49M | 6.3M | $46.16 |
ACCTON TECHNOLOGY CORP | 2.92% | $259.15M | 3.2M | $79.76 |
SAMSUNG ELECTRONICS CO LTD | 2.66% | $235.89M | 1.7M | $141.02 |
MELIMERCADOLIBRE INC | 2.24% | $198.47M | 116.9K | $1,697.39 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
All 85 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 99.02% |
How it has done
BGEHX share class · total returns with dividends reinvested
Volatility over the last 12 months: 22.74%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 6 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.77% | +64.43% | +107.49% | +39.11% | -14.11% | |
| 0.62% | +64.73% | +108.50% | +40.18% | -14.07% | |
| 0.70% | — | — | — | — | |
| 0.67% | +64.60% | — | — | — | |
| 0.86% | +64.31% | +106.97% | +38.46% | -14.10% | |
| 0.77% | +64.50% | +107.65% | +39.14% | -14.10% |
Fees & fund details
Baillie Gifford Emerging Markets Equities Fund is an actively managed emerging-markets equity fund.
- Asset class
- Equity
- Region
- Emerging markets
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.62% – 0.86%· BGEHX 0.77%
- Portfolio turnover
- 28.00% a year · as of 2026 Q2
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
6 new
7 exited
Understand how this fund fits with the rest.
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