0001104659-18-001977.txt : 20180112 0001104659-18-001977.hdr.sgml : 20180112 20180112111235 ACCESSION NUMBER: 0001104659-18-001977 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 66 FILED AS OF DATE: 20180112 DATE AS OF CHANGE: 20180112 EFFECTIVENESS DATE: 20180112 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BAILLIE GIFFORD FUNDS CENTRAL INDEX KEY: 0001120543 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-200831 FILM NUMBER: 18525081 BUSINESS ADDRESS: STREET 1: CALTON SQUARE, 1 GREENSIDE ROW STREET 2: EDINBURGH SCOTLAND CITY: EH1 3AN STATE: X0 ZIP: 00000 BUSINESS PHONE: 0144131222 MAIL ADDRESS: STREET 1: CALTON SQUARE, 1 GREENSIDE ROW STREET 2: EDINBURGH SCOTLAND CITY: EH1 3AN STATE: X0 ZIP: 00000 0001120543 S000006833 Baillie Gifford Emerging Markets Fund C000018471 Class 2 BGEHX C000018472 Class 5 BGEDX C000157005 Class 3 BGELX C000157006 Class 4 BGEPX C000186026 Institutional Class BGEGX C000186027 Class K BGKEX 0001120543 S000012763 Baillie Gifford International Equity Fund C000034445 Class 2 BGITX C000034446 Class 3 BGIFX C000078438 Class 4 BGIUX C000116266 Class 5 BGIVX C000186028 Institutional Class BINSX C000186029 Class K BGIKX 0001120543 S000012764 Baillie Gifford EAFE Fund C000034448 Class 2 BGETX C000034449 Class 3 BGEUX C000078439 Class 4 BGEFX C000116267 Class 5 BGEVX C000186030 Institutional Class BGESX C000186031 Class K BGEKX 0001120543 S000026148 Baillie Gifford EAFE Choice Fund C000078427 Class 2 BGCWX C000078428 Class 3 BGCJX C000078429 Class 4 BGCLX C000116268 Class 5 BGCVX C000186032 Institutional Class BGCSX C000186033 Class K BKGCX 0001120543 S000026149 Baillie Gifford Global Alpha Equity Fund C000078430 Class 4 BGALX C000078432 Class 2 BGATX C000078433 Class 3 BGAEX C000116269 Class 5 BGAVX C000186034 Class K BGAKX C000186035 Institutional Class BGASX 0001120543 S000026150 Baillie Gifford U.S. Equity Growth Fund C000186036 Institutional Class BGGSX C000186037 Class K BGGKX 0001120543 S000042130 Baillie Gifford EAFE Pure Fund C000130829 Class 2 BGPTX C000130830 Class 3 BGPFX C000130831 Class 4 BGPWX C000130832 Class 5 BGPVX C000186038 Institutional Class BSGPX C000186039 Class K BGPKX 0001120543 S000046079 Baillie Gifford The Long Term Global Growth Equity Fund C000144091 Class 2 BGLTX C000144092 Class 3 BGLOX C000144093 Class 4 BGLFX C000144094 Class 5 BGADX C000186040 Institutional Class BSGLX C000186041 Class K BGLKX 0001120543 S000052788 Baillie Gifford The Asia Ex Japan Fund C000186042 Institutional Class BSASX C000186043 Class K BASKX 0001120543 S000059106 Baillie Gifford Global Select Equity Fund C000193784 Institutional Class BGSSX C000193785 Class K BGSKX 0001120543 S000059107 Baillie Gifford International Concentrated Growth Fund C000193786 Institutional Class BTLSX C000193787 Class K BTLKX 0001120543 S000059108 Baillie Gifford Positive Change Equity Fund C000193788 Institutional Class BPESX C000193789 Class K BPEKX 497 1 a18-2581_1497.htm 497

 

EXPLANATORY NOTE

 

The XBRL interactive data file included as an exhibit to this filing relates to the Prospectuses dated December 13, 2017 and filed with the Securities and Exchange Commission on December 20, 2017 under Rule 497(e) (SEC Accession No. (0001104659-17-074307)) for The Asia Ex Japan Fund, The EAFE Fund, The EAFE Choice Fund, The EAFE Pure Fund, The Emerging Markets Fund, The Global Alpha Equity Fund, The Global Select Equity Fund, The International Concentrated Growth Fund, The International Equity Fund, The Long Term Global Growth Equity Fund, The Positive Change Equity Fund and The U.S. Equity Growth Fund.

 


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ck0001120543:S000012763Member ck0001120543:C000078438Member 2016-12-31 2016-12-31 0001120543 ck0001120543:doc_Class_2_3_4_5_ProspectusMember ck0001120543:S000012763Member ck0001120543:C000116266Member 2016-12-31 2016-12-31 0001120543 ck0001120543:doc_Class_2_3_4_5_ProspectusMember ck0001120543:S000012763Member rr:AfterTaxesOnDistributionsMember ck0001120543:C000034445Member 2016-12-31 2016-12-31 0001120543 ck0001120543:doc_Class_2_3_4_5_ProspectusMember ck0001120543:S000012763Member rr:AfterTaxesOnDistributionsAndSalesMember ck0001120543:C000034445Member 2016-12-31 2016-12-31 0001120543 ck0001120543:doc_Class_2_3_4_5_ProspectusMember ck0001120543:S000012763Member ck0001120543:index_MSCI_ACWI_ex_US_IndexMember 2016-12-31 2016-12-31 0001120543 ck0001120543:doc_Class_2_3_4_5_ProspectusMember ck0001120543:S000046079Member 2016-12-31 2016-12-31 0001120543 ck0001120543:doc_Class_2_3_4_5_ProspectusMember ck0001120543:S000046079Member ck0001120543:C000144091Member 2016-12-31 2016-12-31 0001120543 ck0001120543:doc_Class_2_3_4_5_ProspectusMember ck0001120543:S000046079Member ck0001120543:C000144092Member 2016-12-31 2016-12-31 0001120543 ck0001120543:doc_Class_2_3_4_5_ProspectusMember ck0001120543:S000046079Member ck0001120543:C000144093Member 2016-12-31 2016-12-31 0001120543 ck0001120543:doc_Class_2_3_4_5_ProspectusMember ck0001120543:S000046079Member ck0001120543:C000144094Member 2016-12-31 2016-12-31 0001120543 ck0001120543:doc_Class_2_3_4_5_ProspectusMember ck0001120543:S000046079Member rr:AfterTaxesOnDistributionsMember ck0001120543:C000144091Member 2016-12-31 2016-12-31 0001120543 ck0001120543:doc_Class_2_3_4_5_ProspectusMember ck0001120543:S000046079Member rr:AfterTaxesOnDistributionsAndSalesMember ck0001120543:C000144091Member 2016-12-31 2016-12-31 0001120543 ck0001120543:doc_Class_2_3_4_5_ProspectusMember ck0001120543:S000046079Member ck0001120543:index_MSCI_ACWI_IndexMember 2016-12-31 2016-12-31 iso4217:USD xbrli:pure The Management Fee consists of an Advisory Fee and an Administration and Supervisory Fee paid by the Fund to Baillie Gifford Overseas Limited (the "Manager"). Class K and Institutional Class were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for the current fiscal year based on estimated Fund assets of $25 million, the minimum initial investment amount for Class K shares. The Manager has contractually agreed to waive its fees and/or bear other expenses of The Asia Ex Japan Fund through April 30, 2018 to the extent that such Fund's Total Annual Fund Operating Expenses (excluding interest, taxes and extraordinary expenses) exceed 0.87% for Class K shares and 1.02% for Institutional Class shares. The contractual agreement may only be terminated by the Board of Trustees of the Trust. The Management Fee consists of an Advisory Fee and an Administration and Supervisory Fee paid by the Fund to Baillie Gifford Overseas Limited (the "Manager"). Management Fees have been restated to reflect current fees, including the effects of Advisory Fee breakpoints as applied to the average daily net assets of the Fund over the prior fiscal year. Class K and Institutional Class were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for these share classes based on the Other Expenses of Class 2 shares. Class 2 shares are not offered under this Prospectus and are currently closed to new investors. Performance figures for Class K and Institutional Class shares, which have been operational for less than a full calendar year as of the date of this Prospectus, are derived from the historical performance of Class 2 shares. Performance figures for Institutional Class shares have been adjusted for the higher total annual operating expenses expected to be incurred by Institutional Class shares. The source of the index data is MSCI Inc. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. Class K and Institutional Class were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for the current fiscal year based on the Other Expenses of Class 2 shares. Class 2 shares are not offered under this Prospectus and are currently closed to new investors. Performance figures for Class K and Institutional Class shares, which have been operational for less than a full calendar year as of the date of this Prospectus, are derived from the historical performance of Class 5 shares. Performance figures for Institutional Class shares have been adjusted for the higher total annual operating expenses expected to be incurred by Institutional Class shares. Other expenses for Class K and Institutional Class have been estimated for the current fiscal year based on estimated Fund assets of $25 million, the minimum initial investment amount for Class K shares. The Manager has contractually agreed to waive its fees and/or bear other expenses of The Global Select Equity Fund through April 30, 2019 to the extent that such Fund's Total Annual Fund Operating Expenses (excluding interest, taxes and extraordinary expenses) exceed 0.65% for Class K shares and 0.80% for Institutional Class shares. The contractual agreement may only be terminated by the Board of Trustees of the Trust. The Manager has contractually agreed to waive its fees and/or bear other expenses of The International Concentrated Growth Fund through April 30, 2019 to the extent that such Fund's Total Annual Fund Operating Expenses (excluding interest, taxes and extraordinary expenses) exceed 0.72% for Class K shares and 0.87% for Institutional Class shares. The contractual agreement may only be terminated by the Board of Trustees of the Trust. The Manager has contractually agreed to waive its fees and/or bear other expenses of The Long Term Global Growth Equity Fund through April 30, 2018 to the extent that such Fund's Total Annual Fund Operating Expenses (excluding interest, taxes and extraordinary expenses) exceed 0.77% for Class K shares and 0.92% for Institutional Class shares. The contractual agreement may only be terminated by the Board of Trustees of the Trust. The Manager has contractually agreed to waive its fees and/or bear other expenses of The Positive Change Equity Fund through April 30, 2019 to the extent that such Fund's Total Annual Fund Operating Expenses (excluding interest, taxes and extraordinary expenses) exceed 0.65% for Class K shares and 0.80% for Institutional Class shares. The contractual agreement may only be terminated by the Board of Trustees of the Trust. The Manager has contractually agreed to waive its fees and/or bear other expenses of The U.S. Equity Growth Fund through April 30, 2018 to the extent that such Fund's Total Annual Fund Operating Expenses (excluding interest, taxes and extraordinary expenses) exceed 0.57% for Class K shares and 0.72% for Institutional Class shares. The contractual agreement may only be terminated by the Board of Trustees of the Trust. Advisory Fees have been restated to reflect current fees, including the effects of Advisory Fee breakpoints as applied to the average daily net assets of the Fund over the prior fiscal year. See "Fund Management-Investment Manager-Investment Services" below for additional detail. Service Fees differ between the Classes of the Fund to reflect varying levels of shareholder servicing fees payable to Baillie Gifford Overseas Limited (the "Manager"), as described in detail under "Share Classes-Shareholder Service Fees" below. Class 4 had less than 6 months of operating results for the year ended December 31, 2016. Therefore Other Expenses have been estimated for this Class based on the Other Expenses of Class 2 shares. Performance for Class 3 shares prior to their date of inception (April 19, 2010) is derived from the historical performance of Class 2 shares, and has not been adjusted for the lower shareholder servicing fees applicable to Class 3 shares; had it, returns would have been higher. Performance for Class 4 shares prior to their date of inception (October 10, 2016) is derived from the historical performance of Class 2 shares, and has not been adjusted for the lower shareholder servicing fees applicable to Class 4 shares; had it, returns would have been higher. Performance of Class 5 shares prior to their date of inception (July 18, 2012) is derived from the historical performance of Class 2 shares, and has not been adjusted for the lower shareholder servicing fees applicable to Class 5 shares; had it, returns would have been higher. Classes 4 and 5 were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for these Classes based on the Other Expenses of Class 2 shares. Performance for Class 3 shares prior to the date Class 3 most recently recommenced investment operations (July 7, 2014) is derived from the historical performance of Class 2 shares, and has not been adjusted for the lower shareholder servicing fees applicable to Class 3 shares; had it, returns would have been higher. Performance for Class 4 shares, which were unfunded as of December 31, 2016, is derived from the historical performance of Class 2 shares, and has not been adjusted for the lower shareholder servicing fees applicable to Class 4 shares; had it, returns would have been higher. Performance for Class 5 shares, which were unfunded as of December 31, 2016, is derived from the historical performance of Class 2 shares, and has not been adjusted for the lower shareholder servicing fees applicable to Class 5 shares; had it, returns would have been higher. Classes 3, 4 and 5 were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for these Classes based on the Other Expenses of Class 2 shares. Performance for Class 3 shares, which were unfunded as of December 31, 2016, is derived from the historical performance of Class 2 shares, and has not been adjusted for the lower shareholder servicing fees applicable to Class 3 shares; had it, returns would have been higher. Class 4 was unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for Class 4 based on the Other Expenses of Class 2 shares. Performance for Class 2 shares prior to their date of inception (March 2, 2015) is derived from the historical performance of Class 5 shares, and has been adjusted for the higher shareholder servicing fees applicable to Class 2 shares. Performance for Class 3 shares prior to their date of inception (March 31, 2016) is derived from the historical performance of Class 5 shares, and has been adjusted for the higher shareholder servicing fees applied to Class 3 shares. Performance for Class 4 shares prior to their date of inception (October 30, 2015) is derived from the historical performance of Class 5 shares and has been adjusted for the period during which higher shareholder servicing fees applied to Class 4 shares. Performance for Class 2 shares prior to their date of inception (January 6, 2013) is derived from the historical performance of Class 3 shares, and has been adjusted for the higher shareholder servicing fees applicable to Class 2 shares. Performance for Class 4 shares, which were unfunded as of December 31, 2016, is derived from the historical performance of Class 3 shares and has not been adjusted for the lower shareholder servicing fees applicable to Class 4 shares; had it, returns would have been higher. Performance for Class 5 shares, which were unfunded as of December 31, 2016, is derived from the historical performance of Class 3 shares and has not been adjusted for the lower shareholder servicing fees applicable to Class 5 shares; had it, returns would have been higher. "Since Fund Inception" returns above show the Fund's returns from February 7, 2008, when the Fund most recently recommenced operations. The Fund was active for intervals between November 1, 2000 and November 22, 2005, and was inactive until it most recently recommenced operations on February 7, 2008. Performance for Class 3 shares prior to their date of inception (September 1, 2010) is derived from the historical performance of Class 2 shares, and has not been adjusted for the lower shareholder servicing fees applicable to Class 3 shares; had it, returns would have been higher. Performance for Class 4 shares which were unfunded as of December 31, 2016, is derived from the historical performance of Class 2 shares, and has not been adjusted for the lower shareholder servicing fees applicable to Class 4 shares; had it, returns would have been higher. Performance for Class 5 shares, prior to their date of inception (April 7, 2014) is derived from the historical performance of Class 2 shares, and has not been adjusted for the lower shareholder servicing fees applicable to Class 5 shares; had it, returns would have been higher. Service Fees differ between the Classes of the Fund to reflect varying levels of shareholder servicing fees payable to Baillie Gifford Overseas Limited (the "Manager"), as described in detail under "Fund Management-Investment Manager-Shareholder Services" below. Classes 3 and 5 were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for these Classes based on the Other Expenses of Class 2 shares. The Manager has contractually agreed to waive its fees and/or bear other expenses of The Long Term Global Growth Equity Fund through April 30, 2018 to the extent that the Fund's Total Annual Fund Operating Expenses (excluding interest, taxes and extraordinary expenses) exceed 0.77% for Class 2 shares, 0.70% for Class 3 shares, 0.67% for Class 4 shares, and 0.62% for Class 5 shares. This contractual agreement may only be terminated by the Board of Trustees of the Trust. Performance for Class 4 shares prior to their date of inception (October 6, 2015) is derived from the historical performance of Class 2 shares and has not been adjusted for the lower shareholder servicing fees applicable to Class 4 shares; had it, returns would have been higher Performance for Class 5 shares, which were unfunded as of December 31, 2016, is derived from the historical performance of Class 2 shares and has not been adjusted for the lower shareholder servicing fees applicable to Class 5 shares; had it, returns would have been higher. BAILLIE GIFFORD FUNDS 497 false 0001120543 2016-12-31 2017-12-14 2017-12-14 2017-12-13 Baillie Gifford The Asia Ex Japan Fund BSASX BASKX Fees and Expenses <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund. </p> 0.00 0.00 0.0072 0.0072 0.0000 0.0000 0.0058 0.0073 0.0130 0.0145 -0.0043 -0.0043 0.0087 0.0102 ~ http://bailliegifford.com/20171214/role/ScheduleShareholderFees20001 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000052788Member row primary compact * ~ ~ http://bailliegifford.com/20171214/role/ScheduleAnnualFundOperatingExpenses20002 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000052788Member row primary compact * ~ Shareholder Fees (Fees paid directly from your investment) 2018-04-30 Class K and Institutional Class were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for the current fiscal year based on estimated Fund assets of $25 million, the minimum initial investment amount for Class K shares. Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment) Performance <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund had not commenced operations as of December 31, 2016. Accordingly, performance data is not included. When performance data becomes available, it will be posted to the following website: http://USmutualfund.bailliegifford.com. Past performance (before and after taxes) is not an indication of future performance. </p> Past performance (before and after taxes) is not an indication of future performance. The Fund had not commenced operations as of December 31, 2016. Accordingly, performance data is not included. http://USmutualfund.bailliegifford.com Principal Risks <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You could lose money by investing in the Fund. </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The principal risks of investing in this Fund (in alphabetical order)&#160;are:</p> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Asia Risk</i></b> &#8211; Many of the economies of countries in Asia are considered emerging market economies. Countries in Asia can be reliant on only a few industries or commodities. Many Asian economies are characterized by high inflation, undeveloped financial service sectors, frequent currency fluctuations, devaluations, or restrictions, political and social instability, and less efficient markets. The economies of many Asian countries are heavily dependent on international trade and can be adversely affected by trade barriers, exchange controls and other measures imposed or negotiated by the countries with which they trade. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Currency and Currency Hedging Risk</i></b> &#8211; The Fund could lose value&#160;if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value.&#160;A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Emerging Markets Risk</i></b> &#8211; To the extent the Fund invests in emerging market securities, the Fund may be exposed to greater market, credit, currency, liquidity, legal, political, technical and other risks different from, or greater than, the risks of investing in developed markets. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Equity Securities Risk</i></b> &#8211; Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Focused Investment Risk</i></b> &#8211; Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Frontier Markets Risk</i></b> &#8211; Investments in frontier markets may be more volatile and less liquid than investments in more developed markets or in other emerging market countries. Emerging markets risk may be especially heightened in frontier markets. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Growth Stock Risk</i></b> &#8211; The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Information Technology Risk</i></b> &#8211; Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">IPO&#160;Risk</i></b> &#8211; The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Large Capitalization Securities Risk</i></b> &#8211; Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or&#160;maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Liquidity Risk</i></b> &#8211; The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Long-Term Investment Strategy Risk</i></b> &#8211; The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term. &#160;An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Market Disruption and Geopolitical Risk</i></b> &#8211; The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Market Risk</i></b> &#8211; The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Non-U.S. Investment Risk</i></b> &#8211; Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Service Provider Risk</i></b> &#8211; The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Settlement Risk</i></b> &#8211; The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities,&#160;or prevent the Fund from selling securities at times and prices it considers desirable. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Small- and Medium-Capitalization Securities Risk</i></b> &#8211; Securities of small- and medium-capitalization companies can be more volatile due to various factors&#160;including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines,&#160;than the securities of larger, more established companies. </li> </ul> You could lose money by investing in the Fund. Investment Objective <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Asia Ex Japan Fund seeks capital appreciation.</p> Portfolio Turnover <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Total&#160;Annual Fund Operating Expenses" or in the Example above, affect the Fund's performance. Because the Fund has not commenced operations, it does not have a portfolio turnover rate. </p> Principal Investment Strategies <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund will seek to meet its objective by investing in a portfolio of common stocks and other equity securities of issuers located in Asia (excluding Japan) and including the Indian subcontinent. </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">Under normal circumstances, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in securities of companies located in countries contained in the MSCI All Country Asia Ex Japan Index. The MSCI All Country Asia Ex Japan Index includes large-cap, mid-cap, and small-cap issuers from a variety of countries including China, Hong Kong, India, Indonesia, Malaysia, the Philippines, Singapore, South Korea, Taiwan, and Thailand. The economies of many of these countries are considered emerging market economies, and some may&#160;be considered&#160;frontier markets. The Fund may hold equity securities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund may invest in issuers of any market capitalization and may participate in initial public offerings (<b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">"IPOs"</b>). </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The portfolio managers select companies without regard to the MSCI All Country Asia Ex Japan 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The intended outcome is a diversified portfolio of between 50-100 quality growth companies with the potential to outperform the benchmark over the long-term. The Fund tends to hold securities for long periods (typically 3-5 years), which results in relatively low portfolio turnover and is in line with the Fund's long-term investment outlook. </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">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 may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options. </p> Example of Expenses <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. The example below also applies any contractual expense waivers and/or expense&#160;reimbursements to the first year of each period listed in the table. </p> 89 89 104 104 370 370 416 416 ~ http://bailliegifford.com/20171214/role/ScheduleExpenseExample20003 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000052788Member row primary compact * ~ ~ http://bailliegifford.com/20171214/role/ScheduleExpenseExampleNoRedemption20004 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000052788Member row primary compact * ~ Although your actual costs may be higher or lower, based on these assumptions, your expenses would be: Baillie Gifford EAFE Fund BGESX BGEKX Fees and Expenses <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund. </p> 0.00 0.00 0.0052 0.0052 0.0000 0.0000 0.0009 0.0024 0.0061 0.0076 ~ http://bailliegifford.com/20171214/role/ScheduleShareholderFees20007 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000012764Member row primary compact * ~ ~ http://bailliegifford.com/20171214/role/ScheduleAnnualFundOperatingExpenses20008 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000012764Member row primary compact * ~ Shareholder Fees (Fees paid directly from your investment) Class K and Institutional Class were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for these share classes based on the Other Expenses of Class 2 shares. Class 2 shares are not offered under this Prospectus and are currently closed to new investors. Management Fees have been restated to reflect current fees, including the effects of Advisory Fee breakpoints as applied to the average daily net assets of the Fund over the prior fiscal year. Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment) Performance <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Past performance (before and after taxes) is not an indication of future performance. </p> Annual Total Returns &#8211; Class 2 Shares(1) 0.4575 0.1660 -0.1170 0.1878 0.2869 -0.0694 -0.0307 0.0134 ~ http://bailliegifford.com/20171214/role/ScheduleAnnualTotalReturnsBarChart20011 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000012764Member column rr_ProspectusShareClassAxis compact ck0001120543_C000034448Member row primary compact * ~ Highest Quarterly Return 0.2736 2009-06-30 Lowest Quarterly Return -0.2166 2011-09-30 <p>Highest Quarterly Return: 27.36% (Q2, 2009)</p> <p>&#xa0;</p> <p>Lowest Quarterly Return: -21.66% (Q3, 2011)</p> <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px"><sup style="position:relative;font-size:75%;line-height:0;vertical-align:baseline;top:-.5em;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">&#160;(1)</sup> Class 2 shares are not offered under this Prospectus and are currently closed to new investors. Class K and Institutional Class shares would have substantially similar returns because the shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that the classes do not have the same expenses. Class K shares are generally expected to incur expenses equal to or higher than the expenses of Class 2 shares,&#160;and Institutional Class shares are generally expected to incur higher expenses than Class 2 shares. </p> <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">In the table below, after-tax returns are calculated using the&#160;historical highest individual federal marginal income tax rates&#160;and do not reflect the impact of state and local taxes. After-tax&#160;returns are shown for Class 2 shares only, and after-tax&#160;returns for other Classes will vary. Actual after-tax returns&#160;depend on your tax situation and may differ from those&#160;shown. After-tax returns shown are not relevant if you are tax-exempt&#160;or if you hold your Fund shares through tax-advantaged&#160;arrangements.&#160;A description of the Fund's comparative index and details regarding the calculation of the Fund's class-by-class performance are provided in the section of the Prospectus entitled "Additional Performance Information". </p> 0.0134 0.0692 0.0248 0.0015 0.0606 0.0179 0.0192 0.0533 0.0177 0.0134 0.0692 0.0248 0.0119 0.0676 0.0233 0.0151 0.0701 0.0123 2008-03-06 2008-03-06 2008-03-06 2008-03-06 ~ http://bailliegifford.com/20171214/role/ScheduleAverageAnnualReturnsTransposed20012 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000012764Member column rr_PerformanceMeasureAxis compact * row primary compact * ~ <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">Updated information on the Fund's investment performance can be obtained by visiting http://USmutualfund.bailliegifford.com. </p> Class 2 shares are not offered under this Prospectus and are currently closed to new investors. After-tax returns are shown for Class 2 shares only, and after-tax returns for other Classes will vary. Past performance (before and after taxes) is not an indication of future performance. Performance figures for Class K and Institutional Class shares, which have been operational for less than a full calendar year as of the date of this Prospectus, are derived from the historical performance of Class 2 shares. http://USmutualfund.bailliegifford.com In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements. (reflects no deduction for fees, expenses, or taxes) The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Average Annual Total Returns for Periods Ended December 31, 2016 Principal Risks <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You could lose money by investing in the Fund. </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The principal risks of investing in the&#160;Fund (in alphabetical order)&#160;are:</p> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Currency and Currency Hedging Risk</i></b> &#8211; The Fund could lose value&#160;if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value.&#160;A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Emerging Markets Risk</i></b> &#8211; To the extent the Fund invests in emerging market securities, the Fund may be exposed to greater market, credit, currency, liquidity, legal, political, technical and other risks different from, or greater than, the risks of investing in developed markets. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Equity Securities Risk</i></b> &#8211; Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Focused Investment Risk</i></b> &#8211; Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Growth Stock Risk</i></b> &#8211; The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Information Technology Risk</i></b> &#8211; Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">IPO&#160;Risk</i></b> &#8211; The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Large Capitalization Securities Risk</i></b> &#8211; Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or&#160;maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Liquidity Risk</i></b> &#8211; The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Long-Term Investment Strategy Risk</i></b> &#8211; The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term. &#160;An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Market Disruption and Geopolitical Risk</i></b> &#8211; The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Market Risk</i></b> &#8211; The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Non-U.S. Investment Risk</i></b> &#8211; Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Service Provider Risk</i></b> &#8211; The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Settlement Risk</i></b> &#8211; The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities,&#160;or prevent the Fund from selling securities at times and prices it considers desirable. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Small- and Medium-Capitalization Securities Risk</i></b> &#8211; Securities of small- and medium-capitalization companies can be more volatile due to various factors&#160;including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines,&#160;than the securities of larger, more established companies. </li> </ul> You could lose money by investing in the Fund. Investment Objective <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The EAFE Fund seeks capital appreciation.</p> Portfolio Turnover <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Total Annual Fund Operating Expenses" or in the Example above, affect the Fund's performance. During the Fund's most recent fiscal year, the Fund's portfolio turnover rate was 18% of the average value of its portfolio. </p> 0.18 Principal Investment Strategies <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund seeks to meet its objective by investing in a diversified, international portfolio of common stocks and other equity securities of issuers located in countries of developed and emerging markets.&#160; </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in common stocks and other equity securities of companies that are included in the MSCI EAFE Index or whose principal activities are in Europe, Australasia and/or the Far East. The Fund may additionally invest in up to 10% of its net assets in common stocks and other equities of companies located in North America. The Fund may hold equities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund may invest in issuers of any market capitalization and may participate in initial public offerings (<b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">"IPOs"</b>). In selecting companies for investment, the portfolio managers generally consider issuers in both developed and emerging markets.&#160; </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The portfolio managers select companies without regard to the MSCI EAFE 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The intended outcome is a diversified portfolio of between 50-60 quality growth companies with the potential to outperform the benchmark over the long-term. The Fund tends to hold securities for long periods (typically 3-5 years), which results in relatively low portfolio turnover and is in line with the Fund's long-term investment outlook. </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund may invest without limitation in securities denominated in securities quoted or denominated in currencies other than the U.S. dollar and may hold such currencies. The Fund may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options. </p> Example of Expenses <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. </p> 62 62 78 78 195 195 243 243 340 340 422 422 762 762 942 942 ~ http://bailliegifford.com/20171214/role/ScheduleExpenseExample20009 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000012764Member row primary compact * ~ ~ http://bailliegifford.com/20171214/role/ScheduleExpenseExampleNoRedemption20010 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000012764Member row primary compact * ~ Although your actual costs may be higher or lower, based on these assumptions, your expenses would be: Baillie Gifford EAFE Choice Fund BGCSX BKGCX Fees and Expenses <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund. </p> 0.00 0.00 0.0052 0.0052 0.0000 0.0000 0.0013 0.0028 0.0065 0.0080 ~ http://bailliegifford.com/20171214/role/ScheduleShareholderFees20015 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000026148Member row primary compact * ~ ~ http://bailliegifford.com/20171214/role/ScheduleAnnualFundOperatingExpenses20016 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000026148Member row primary compact * ~ Shareholder Fees (Fees paid directly from your investment) Class K and Institutional Class were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for the current fiscal year based on the Other Expenses of Class 2 shares. Class 2 shares are not offered under this Prospectus and are currently closed to new investors. Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment) Performance <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Past performance (before and after taxes) is not an indication of future performance. </p> Annual Total Returns &#8211; Class 2 Shares(1) 0.1214 -0.1254 0.2181 0.2120 -0.0425 -0.0216 0.0059 ~ http://bailliegifford.com/20171214/role/ScheduleAnnualTotalReturnsBarChart20019 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000026148Member column rr_ProspectusShareClassAxis compact ck0001120543_C000078427Member row primary compact * ~ Highest Quarterly Return 0.1774 2010-09-30 Lowest Quarterly Return -0.1823 2011-09-30 <p>Highest Quarterly Return: 17.74% (Q3, 2010)</p> <p>&#xa0;</p> <p>Lowest Quarterly Return: -18.23% (Q3, 2011)</p> <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px"><sup style="position:relative;font-size:75%;line-height:0;vertical-align:baseline;top:-.5em;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">(1)</sup> Class 2 shares are not offered under this Prospectus and are currently closed to new investors. Class K and Institutional Class shares would have substantially similar returns because the shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that the classes do not have the same expenses. Class K shares are generally expected to incur expenses equal to or higher than the expenses of Class 2 shares,&#160;and Institutional Class shares are generally expected to incur higher expenses than Class 2 shares. </p> <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">In the table below, after-tax returns are calculated using the&#160;historical highest individual federal marginal income tax rates&#160;and do not reflect the impact of state and local taxes. After-tax&#160;returns are shown for Class 2 shares only, and after-tax&#160;returns for other Classes will vary. Actual after-tax returns&#160;depend on your tax situation and may differ from those&#160;shown. After-tax returns shown are not relevant if you are tax-exempt&#160;or if you hold your Fund shares through tax-advantaged&#160;arrangements.&#160;A description of the Fund's comparative index and details regarding the calculation of the Fund's class-by-class performance are provided in the section of the Prospectus entitled "Additional Performance Information". </p> 0.0059 0.0774 0.0609 0.0044 0.0704 0.0533 0.0073 0.0585 0.0452 0.0059 0.0774 0.0609 0.0045 0.0758 0.0593 0.0151 0.0701 0.0456 2009-12-17 2009-12-17 2009-12-17 2009-12-17 ~ http://bailliegifford.com/20171214/role/ScheduleAverageAnnualReturnsTransposed20020 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000026148Member column rr_PerformanceMeasureAxis compact * row primary compact * ~ <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">Updated information on the Fund's investment performance can be obtained by visiting http://USmutualfund.bailliegifford.com. </p> Class 2 shares are not offered under this Prospectus and are currently closed to new investors. After-tax returns are shown for Class 2 shares only, and after-tax returns for other Classes will vary. Past performance (before and after taxes) is not an indication of future performance. Performance figures for Class K and Institutional Class shares, which have been operational for less than a full calendar year as of the date of this Prospectus, are derived from the historical performance of Class 2 shares. http://USmutualfund.bailliegifford.com In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements. (reflects no deduction for fees, expenses, or taxes) The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Average Annual Total Returns for Periods Ended December 31, 2016 Principal Risks <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You may consequently lose money by investing in the Fund. </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The principal risks of investing in the&#160;Fund are:</p> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Currency and Currency Hedging Risk</i></b> &#8211; The Fund could lose value&#160;if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value.&#160;A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Emerging Markets Risk</i></b> &#8211; To the extent the Fund invests in emerging market securities, the Fund may be exposed to greater market, credit, currency, liquidity, legal, political, technical and other risks different from, or greater than, the risks of investing in developed markets. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Equity Securities Risk</i></b> &#8211; Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Focused Investment Risk</i></b> &#8211; Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Growth Stock Risk</i></b> &#8211; The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Information Technology Risk</i></b> &#8211; Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">IPO&#160;Risk</i></b> &#8211; The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Large Capitalization Securities Risk</i></b> &#8211; Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or&#160;maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Liquidity Risk</i></b> &#8211; The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Long-Term Investment Strategy Risk</i></b> &#8211; The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term. &#160;An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Market Disruption and Geopolitical Risk</i></b> &#8211; The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Market Risk</i></b> &#8211; The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Non-U.S. Investment Risk</i></b> &#8211; Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Service Provider Risk</i></b> &#8211; The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Settlement Risk</i></b> &#8211; The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities,&#160;or prevent the Fund from selling securities at times and prices it considers desirable. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Small- and Medium-Capitalization Securities Risk</i></b> &#8211; Securities of small- and medium-capitalization companies can be more volatile due to various factors&#160;including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines,&#160;than the securities of larger, more established companies. </li> </ul> You may consequently lose money by investing in the Fund. Investment Objective <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The EAFE Choice Fund seeks capital appreciation.</p> Portfolio Turnover <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Total&#160;Annual Fund Operating Expenses" or in the Example above, affect the Fund's performance. During the Fund's most recent fiscal year, the Fund's portfolio turnover rate was 23% of the average value of its portfolio.&#160; </p> 0.23 Principal Investment Strategies <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund seeks to meet its objective by investing in an international portfolio of common stocks and other equity securities of issuers located in countries of developed and emerging markets.&#160; </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">Under normal circumstances, the Fund invests at least 85% of its net assets (plus any borrowings for investment purposes) in common stocks and other equity securities of companies whose principal activities are in Europe, Australasia and/or the Far East. The Fund may hold equities either directly or indirectly, such as through depositary receipts&#160;and may hold preferred stocks, convertible securities and warrants. The Fund may invest in issuers of any market capitalization and may participate in initial public offerings (<b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">"IPOs"</b>). In selecting companies for investment, the portfolio managers generally consider issuers in both developed and emerging markets.&#160; </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The portfolio managers select companies without regard to the MSCI EAFE 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation.&#160;The intended outcome is a diversified portfolio of between 60-90 quality growth companies with the potential to outperform the benchmark over the long-term. The Fund tends to hold securities for long periods (typically 3-5 years), which results in relatively low portfolio turnover and is in line with the Fund's long-term investment outlook. </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">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 may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options. </p> Example of Expenses <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. </p> 66 66 82 82 208 208 255 255 362 362 444 444 810 810 990 990 ~ http://bailliegifford.com/20171214/role/ScheduleExpenseExample20017 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000026148Member row primary compact * ~ ~ http://bailliegifford.com/20171214/role/ScheduleExpenseExampleNoRedemption20018 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000026148Member row primary compact * ~ Although your actual costs may be higher or lower, based on these assumptions, your expenses would be: Baillie Gifford EAFE Pure Fund BSGPX BGPKX Fees and Expenses <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund. </p> 0.00 0.00 0.0052 0.0052 0.0000 0.0000 0.0014 0.0029 0.0066 0.0081 ~ http://bailliegifford.com/20171214/role/ScheduleShareholderFees20023 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000042130Member row primary compact * ~ ~ http://bailliegifford.com/20171214/role/ScheduleAnnualFundOperatingExpenses20024 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000042130Member row primary compact * ~ Shareholder Fees (Fees paid directly from your investment) Class K and Institutional Class were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for the current fiscal year based on the Other Expenses of Class 2 shares. Class 2 shares are not offered under this Prospectus and are currently closed to new investors. Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment) Performance <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Past performance (before and after taxes) is not an indication of future performance. </p> Annual Total Returns &#8211; Class 2 Shares(1) 0.0461 -0.002 ~ http://bailliegifford.com/20171214/role/ScheduleAnnualTotalReturnsBarChart20027 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000042130Member column rr_ProspectusShareClassAxis compact ck0001120543_C000130829Member row primary compact * ~ Highest Quarterly Return 0.0771 2015-03-31 Lowest Quarterly Return -0.0920 2015-09-30 <p>Highest Quarterly Return: 7.71% (Q1, 2015)</p> <p>&#xa0;</p> <p>Lowest Quarterly Return: -9.20% (Q3, 2015)</p> <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px"><sup style="position:relative;font-size:75%;line-height:0;vertical-align:baseline;top:-.5em;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">(1)</sup> Class 2 shares are not offered under this Prospectus and are currently closed to new investors. Class K and Institutional Class shares would have substantially similar returns because the shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that the classes do not have the same expenses. Class K shares are generally expected to incur expenses equal to or higher than the expenses of Class 2 shares,&#160; and Institutional Class shares are generally expected to incur higher expenses than Class 2 shares. </p> <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are shown for&#160;Class 2 shares only, and after-tax returns for other Classes will vary. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements.&#160;A description of the Fund's comparative index and details regarding the calculation of the Fund's class-by-class performance are provided in the section of the Prospectus entitled "Additional Performance Information". </p> -0.0020 -0.0059 -0.0040 -0.0085 0.0030 -0.0045 -0.0020 -0.0059 -0.0034 -0.0074 0.0151 -0.0099 2014-04-15 2014-04-15 2014-04-15 2014-04-15 ~ http://bailliegifford.com/20171214/role/ScheduleAverageAnnualReturnsTransposed20028 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000042130Member column rr_PerformanceMeasureAxis compact * row primary compact * ~ <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">Updated information on the Fund's investment performance can be obtained by visiting http://USmutualfund.bailliegifford.com. </p> Class 2 shares are not offered under this Prospectus and are currently closed to new investors. After-tax returns are shown for Class 2 shares only, and after-tax returns for other Classes will vary. Past performance (before and after taxes) is not an indication of future performance. Performance figures for Class K and Institutional Class shares, which have been operational for less than a full calendar year as of the date of this Prospectus, are derived from the historical performance of Class 2 shares. http://USmutualfund.bailliegifford.com After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements. (reflects no deduction for fees, expenses, or taxes) The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Average Annual Total Returns for Periods Ended December 31, 2016 Principal Risks <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You may consequently lose money by investing in the Fund. </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The principal risks of investing in the&#160;Fund are:</p> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Currency and Currency Hedging Risk</i></b> &#8211; The Fund could lose value&#160;if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value.&#160;A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Equity Securities Risk</i></b> &#8211; Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Focused Investment Risk</i></b> &#8211; Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Growth Stock Risk</i></b> &#8211; The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Information Technology Risk</i></b> &#8211; Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">IPO&#160;Risk</i></b> &#8211; The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Large Capitalization Securities Risk</i></b> &#8211; Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or&#160;maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Liquidity Risk</i></b> &#8211; The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Long-Term Investment Strategy Risk</i></b> &#8211; The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term. &#160;An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Market Disruption and Geopolitical Risk</i></b> &#8211; The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Market Risk</i></b> &#8211; The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Non-U.S. Investment Risk</i></b> &#8211; Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Service Provider Risk</i></b> &#8211; The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Settlement Risk</i></b> &#8211; The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities,&#160;or prevent the Fund from selling securities at times and prices it considers desirable. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Small- and Medium-Capitalization Securities Risk</i></b> &#8211; Securities of small- and medium-capitalization companies can be more volatile due to various factors&#160;including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines,&#160;than the securities of larger, more established companies. </li> </ul> You may consequently lose money by investing in the Fund. Investment Objective <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The EAFE Pure Fund seeks capital appreciation.</p> Portfolio Turnover <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Total&#160;Annual Fund Operating Expenses" or in the Example above, affect the Fund's performance. During the Fund's most recent fiscal year, the Fund's portfolio turnover rate was 13% of the average value of its portfolio. </p> 0.13 Principal Investment Strategies <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund seeks to meet its objective by investing in an international portfolio of common stocks and other equity securities of issuers located in countries of developed markets.&#160; </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in common stocks and other equity securities of companies whose principal activities are in Europe, Australasia and/or the Far East. The Fund may hold equities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund may invest in issuers of any market capitalization and may participate in initial public offerings (<b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">"IPOs"</b>). In selecting companies for investment, the portfolio managers generally consider issuers in developed markets and exclude emerging markets.&#160; </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The portfolio managers select companies without regard to the MSCI EAFE 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The intended outcome is a diversified portfolio of between 50-90 quality growth companies with the potential to outperform the benchmark over the long-term. The Fund tends to hold securities for long periods (typically 3-5 years), which results in relatively low portfolio turnover and is in line with the Fund's long-term investment outlook. </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">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 may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options. &#160; </p> Example of Expenses <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. </p> 67 67 83 83 211 211 259 259 368 368 450 450 822 822 1002 1002 ~ http://bailliegifford.com/20171214/role/ScheduleExpenseExample20025 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000042130Member row primary compact * ~ ~ http://bailliegifford.com/20171214/role/ScheduleExpenseExampleNoRedemption20026 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000042130Member row primary compact * ~ Although your actual costs may be higher or lower, based on these assumptions, your expenses would be: Baillie Gifford Emerging Markets Fund BGEGX BGKEX Fees and Expenses <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund. </p> 0.00 0.00 0.0072 0.0072 0.0000 0.0000 0.0015 0.0030 0.0087 0.0102 ~ http://bailliegifford.com/20171214/role/ScheduleShareholderFees20031 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000006833Member row primary compact * ~ ~ http://bailliegifford.com/20171214/role/ScheduleAnnualFundOperatingExpenses20032 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000006833Member row primary compact * ~ Shareholder Fees (Fees paid directly from your investment) Class K and Institutional Class were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for the current fiscal year based on the Other Expenses of Class 2 shares. Class 2 shares are not offered under this Prospectus and are currently closed to new investors. Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment) Performance <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Past performance (before and after taxes) is not an indication of future performance. </p> Annual Total Returns &#8211; Class 5 Shares(1) 0.4659 -0.5641 0.9809 0.1973 -0.2020 0.1394 0.0398 0.0026 -0.0824 0.0324 ~ http://bailliegifford.com/20171214/role/ScheduleAnnualTotalReturnsBarChart20035 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000006833Member column rr_ProspectusShareClassAxis compact ck0001120543_C000018472Member row primary compact * ~ Highest Quarterly Return 0.4528 2009-06-30 Lowest Quarterly Return -0.3003 2008-12-31 <p>Highest Quarterly Return: 45.28% (Q2 , 2009)</p> <p>&#xa0;</p> <p>Lowest Quarterly Return: -30.03% (Q4 , 2008)</p> <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px"><sup style="position:relative;font-size:75%;line-height:0;vertical-align:baseline;top:-.5em;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">(1)</sup> Class 5 shares are not offered under this Prospectus and are currently closed to new investors. Class K and Institutional Class shares would have substantially similar returns because the shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that the classes do not have the same expenses. Class K shares are generally expected to incur expenses equal to or higher than the expenses of Class 2 shares,&#160; and Institutional Class shares are generally expected to incur higher expenses than Class 5 shares. </p> <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are shown for Class 5&#160;shares only, and after-tax returns for other Classes will vary. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements.&#160;A description of the Fund's comparative index and details regarding the calculation of the Fund's class-by-class performance are provided in the section of the Prospectus entitled "Additional Performance Information". </p> 0.0324 0.0239 0.0313 0.0312 0.0203 0.0102 0.0213 0.0174 0.0177 0.0309 0.0229 0.0304 0.0293 0.0213 0.0288 0.1160 0.0164 0.0217 ~ http://bailliegifford.com/20171214/role/ScheduleAverageAnnualReturnsTransposed20036 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000006833Member column rr_PerformanceMeasureAxis compact * row primary compact * ~ <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">Updated information on the Fund's investment performance can be obtained by visiting http://USmutualfund.bailliegifford.com. </p> Class 5 shares are not offered under this Prospectus and are currently closed to new investors. After-tax returns are shown for Class 5 shares only, and after-tax returns for other Classes will vary. Past performance (before and after taxes) is not an indication of future performance. Performance figures for Class K and Institutional Class shares, which have been operational for less than a full calendar year as of the date of this Prospectus, are derived from the historical performance of Class 5 shares. http://USmutualfund.bailliegifford.com In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements. (reflects no deduction for fees, expenses, or taxes) The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Average Annual Total Returns for Periods Ended December 31, 2016 Principal Risks <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You could lose money by investing in the Fund. </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The principal risks of investing in the&#160;Fund (in alphabetical order) are:</p> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Currency and Currency Hedging Risk</i></b> &#8211; The Fund could lose value&#160;if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value.&#160;A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Emerging Markets Risk</i></b> &#8211; To the extent the Fund invests in emerging market securities, the Fund may be exposed to greater market, credit, currency, liquidity, legal, political, technical and other risks different from, or greater than, the risks of investing in developed markets. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Equity Securities Risk</i></b> &#8211; Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Focused Investment Risk</i></b> &#8211; Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Frontier Markets Risk</i></b> &#8211; Investments in frontier markets may be more volatile and less liquid than investments in more developed markets or in other emerging market countries. Emerging markets risk may be especially heightened in frontier markets. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Growth Stock Risk</i></b> &#8211; The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Information Technology Risk</i></b> &#8211; Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">IPO&#160;Risk</i></b> &#8211; The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Large Capitalization Securities Risk</i></b> &#8211; Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or&#160;maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Liquidity Risk</i></b> &#8211; The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Long-Term Investment Strategy Risk</i></b> &#8211; The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term. &#160;An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Market Disruption and Geopolitical Risk</i></b> &#8211; The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Market Risk</i></b> &#8211; The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Non-U.S. Investment Risk</i></b> &#8211; Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Service Provider Risk</i></b> &#8211; The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Settlement Risk</i></b> &#8211; The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities,&#160;or prevent the Fund from selling securities at times and prices it considers desirable. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Small- and Medium-Capitalization Securities Risk</i></b> &#8211; Securities of small- and medium-capitalization companies can be more volatile due to various factors&#160;including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines,&#160;than the securities of larger, more established companies. </li> </ul> You could lose money by investing in the Fund. Investment Objective <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Emerging Markets Fund seeks capital appreciation.</p> Portfolio Turnover <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Total&#160;Annual Fund Operating Expenses" or in the Example above, affect the Fund's performance. During the Fund's most recent fiscal year, the Fund's portfolio turnover rate was 24% of the average value of its portfolio. </p> 0.24 Principal Investment Strategies <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund seeks to meet its objective by investing in a global portfolio of common stocks and other equity securities of issuers located in countries of emerging markets.&#160; </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">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 contained in the MSCI Emerging Markets Index. The countries represented in the&#160;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. These countries may include frontier markets. The Fund may hold equity securities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund may invest in issuers of any market capitalization and may participate in initial public offerings ("<b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">IPOs</b>"). &#160; </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The portfolio managers select companies without regard to the MSCI Emerging Markets 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The intended outcome is a diversified portfolio of between 60-100 quality growth companies with the potential to outperform the benchmark over the long-term. The Fund tends to hold securities for long periods (typically 3-5 years), which results in relatively low portfolio turnover and is in line with the Fund's long-term investment outlook. </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">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 may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options. </p> Example of Expenses <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. </p> 89 89 104 104 278 278 325 325 482 482 563 563 1073 1073 1248 1248 ~ http://bailliegifford.com/20171214/role/ScheduleExpenseExample20033 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000006833Member row primary compact * ~ ~ http://bailliegifford.com/20171214/role/ScheduleExpenseExampleNoRedemption20034 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000006833Member row primary compact * ~ Although your actual costs may be higher or lower, based on these assumptions, your expenses would be: Baillie Gifford Global Alpha Equity Fund BGAKX BGASX Fees and Expenses <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund. </p> 0.00 0.00 0.0057 0.0057 0.0000 0.0000 0.0010 0.0025 0.0067 0.0082 ~ http://bailliegifford.com/20171214/role/ScheduleShareholderFees20039 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000026149Member row primary compact * ~ ~ http://bailliegifford.com/20171214/role/ScheduleAnnualFundOperatingExpenses20040 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000026149Member row primary compact * ~ Shareholder Fees (Fees paid directly from your investment) Class K and Institutional Class were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for the current fiscal year based on the Other Expenses of Class 2 shares. Class 2 shares are not offered under this Prospectus and are currently closed to new investors. Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment) Performance <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Past performance (before and after taxes) is not an indication of future performance. </p> Annual Total Returns &#8211; Class 3 Shares(1) 0.1869 0.2871 0.0448 0.0184 0.0502 ~ http://bailliegifford.com/20171214/role/ScheduleAnnualTotalReturnsBarChart20043 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000026149Member column rr_ProspectusShareClassAxis compact ck0001120543_C000078433Member row primary compact * ~ Highest Quarterly Return 0.1330 2012-03-31 Lowest Quarterly Return -0.0914 2015-09-30 <p>Highest Quarterly Return: 13.30% (Q1, 2012)</p> <p>&#xa0;</p> <p>Lowest Quarterly Return: -9.14% (Q3, 2015)</p> <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px"><sup style="position:relative;font-size:75%;line-height:0;vertical-align:baseline;top:-.5em;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">(1)</sup> Class 3 shares are not offered under this Prospectus and are currently closed to new investors. Class K and Institutional Class shares would have substantially similar returns because the shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that the classes do not have the same expenses. Class K shares are generally expected to incur expenses equal to or higher than the expenses of Class 2 shares,&#160; and Institutional Class shares are generally expected to incur higher expenses than Class 3 shares. </p> <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are shown for Class 3&#160;shares only, and after-tax returns for other Classes will vary. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements.&#160;A description of the Fund's comparative index and details regarding the calculation of the Fund's class-by-class performance are provided in the section of the Prospectus entitled "Additional Performance Information". </p> 0.0502 0.1128 0.1073 0.0484 0.1045 0.0991 0.0311 0.0879 0.0834 0.0495 0.1120 0.1065 0.0479 0.1104 0.1048 0.0848 0.0995 0.0947 2011-11-15 2011-11-15 2011-11-15 2011-11-15 ~ http://bailliegifford.com/20171214/role/ScheduleAverageAnnualReturnsTransposed20044 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000026149Member column rr_PerformanceMeasureAxis compact * row primary compact * ~ <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">Updated information on the Fund's investment performance can be obtained by visiting http://USmutualfund.bailliegifford.com. </p> Class 3 shares are not offered under this Prospectus and are currently closed to new investors. After-tax returns are shown for Class 3 shares only, and after-tax returns for other Classes will vary. Past performance (before and after taxes) is not an indication of future performance. Performance figures for Class K and Institutional Class shares, which have been operational for less than a full calendar year as of the date of this Prospectus, are derived from the historical performance of Class 2 shares. http://USmutualfund.bailliegifford.com In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements. (reflects no deduction for fees, expenses, or taxes) The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Average Annual Total Returns for Periods Ended December 31, 2016 Principal Risks <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You could lose money by investing in the Fund. </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The principal risks of investing in the&#160;Fund (in alphabetical order) &#160;are:</p> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Currency and Currency Hedging Risk</i></b> &#8211; The Fund could lose value&#160;if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value.&#160;A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Emerging Markets Risk</i></b> &#8211; To the extent the Fund invests in emerging market securities, the Fund may be exposed to greater market, credit, currency, liquidity, legal, political, technical and other risks different from, or greater than, the risks of investing in developed markets. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Equity Securities Risk</i></b> &#8211; Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Focused Investment Risk</i></b> &#8211; Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Growth Stock Risk</i></b> &#8211; The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Information Technology Risk</i></b> &#8211; Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">IPO&#160;Risk</i></b> &#8211; The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Large Capitalization Securities Risk</i></b> &#8211; Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or&#160;maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Liquidity Risk</i></b> &#8211; The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Long-Term Investment Strategy Risk</i></b> &#8211; The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term. &#160;An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Market Disruption and Geopolitical Risk</i></b> &#8211; The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Market Risk</i></b> &#8211; The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Non-U.S. Investment Risk</i></b> &#8211; Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Service Provider Risk</i></b> &#8211; The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Settlement Risk</i></b> &#8211; The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities,&#160;or prevent the Fund from selling securities at times and prices it considers desirable. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Small- and Medium-Capitalization Securities Risk</i></b> &#8211; Securities of small- and medium-capitalization companies can be more volatile due to various factors&#160;including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines,&#160;than the securities of larger, more established companies. </li> </ul> You could lose money by investing in the Fund. Investment Objective <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Global Alpha Equity&#160;Fund seeks capital appreciation.</p> Portfolio Turnover <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may lead to&#160;higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Total&#160;Annual Fund Operating Expenses" or in the Example above, affect the Fund's performance. During the Fund's most recent fiscal year, the Fund's portfolio turnover rate was 20% of the average value of its portfolio.&#160; </p> 0.20 Principal Investment Strategies <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund seeks to meet its objective by investing in an international portfolio of equities, which include common stock and other equity securities, of issuers&#160;located in countries of developed and emerging markets.&#160; </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. The Fund invests predominantly in a diversified portfolio of securities issued by companies located in countries contained in the MSCI ACWI Index, cash and cash equivalents. The Fund invests in companies whose principal activities are in the U.S., Canada, Latin America, Europe, Australasia, Africa, the Middle East and/or the Far East. The Fund ordinarily invests in securities of issuers located &#160;in at least three different countries. The Fund may hold equity securities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund may invest in issuers of any market capitalization and may participate in initial public offerings (<b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">"IPOs"</b>). &#160; </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The portfolio managers select companies without regard to the MSCI ACWI 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The intended outcome is a diversified portfolio of between 70-120 quality growth companies with the potential to outperform the benchmark over the long-term. The Fund tends to hold securities for long periods (typically 3-5 years), which results in relatively low portfolio turnover and is in line with the Fund's long-term investment outlook. </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">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 may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options. </p> Example of Expenses <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. </p> 68 68 84 84 214 214 262 262 373 373 455 455 835 835 1014 1014 ~ http://bailliegifford.com/20171214/role/ScheduleExpenseExample20041 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000026149Member row primary compact * ~ ~ http://bailliegifford.com/20171214/role/ScheduleExpenseExampleNoRedemption20042 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000026149Member row primary compact * ~ Although your actual costs may be higher or lower, based on these assumptions, your expenses would be: Baillie Gifford Global Select Equity Fund BGSSX BGSKX Fees and Expenses <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund. </p> 0.00 0.00 0.0050 0.0050 0.0000 0.0000 0.0056 0.0071 0.0106 0.0121 -0.0041 -0.0041 0.0065 0.0080 ~ http://bailliegifford.com/20171214/role/ScheduleShareholderFees20047 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000059106Member row primary compact * ~ ~ http://bailliegifford.com/20171214/role/ScheduleAnnualFundOperatingExpenses20048 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000059106Member row primary compact * ~ Shareholder Fees (Fees paid directly from your investment) 2019-04-30 Other expenses for Class K and Institutional Class have been estimated for the current fiscal year based on estimated Fund assets of $25 million, the minimum initial investment amount for Class K shares. Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment) Performance <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund had not commenced operations as of December 31, 2016. Accordingly, performance data is not included. When performance data becomes available, it will be posted to the following website: http://USmutualfund.bailliegifford.com. Past performance (before and after taxes) is not an indication of future performance. A description of the Fund's comparative index is&#160;provided in the section of the Prospectus entitled "Additional Performance Information". </p> Past performance (before and after taxes) is not an indication of future performance. The Fund had not commenced operations as of December 31, 2016. Accordingly, performance data is not included. http://USmutualfund.bailliegifford.com Principal Risks <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You could lose money by investing in the Fund. </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The principal risks of investing in this Fund (in alphabetical order)&#160;are:</p> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Currency and Currency Hedging Risk</i></b> &#8211; The Fund could lose value&#160;if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value.&#160;A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Emerging Markets Risk</i></b> &#8211; To the extent the Fund invests in emerging market securities, the Fund may be exposed to greater market, credit, currency, liquidity, legal, political, technical and other risks different from, or greater than, the risks of investing in developed markets. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Equity Securities Risk</i></b> &#8211; Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Focused Investment Risk</i></b> &#8211; Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Growth Stock Risk</i></b> &#8211; The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Information Technology Risk</i></b> &#8211; Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">IPO&#160;Risk</i></b> &#8211; The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Large Capitalization Securities Risk</i></b> &#8211; Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or&#160;maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Liquidity Risk</i></b> &#8211; The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Long-Term Investment Strategy Risk</i></b> &#8211; The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term. &#160;An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Market Disruption and Geopolitical Risk</i></b> &#8211; The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Market Risk</i></b> &#8211; The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Non-U.S. Investment Risk</i></b> &#8211; Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Service Provider Risk</i></b> &#8211; The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Settlement Risk</i></b> &#8211; The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities,&#160;or prevent the Fund from selling securities at times and prices it considers desirable. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Small- and Medium-Capitalization Securities Risk</i></b> &#8211; Securities of small- and medium-capitalization companies can be more volatile due to various factors&#160;including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines,&#160;than the securities of larger, more established companies. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Socially Responsible Investing&#160;Risk</i></b> &#8211; The Fund's incorporation of environmental, social and governance considerations in its investment process may cause it to make different investments than funds that have a similar investment universe and/or investment style but that do not incorporate such considerations in their strategy or investment processes.&#160;Under certain economic conditions, this could cause the Fund's investment performance to be worse than similar Funds that do not incorporate such considerations in their investment strategies or processes.&#160;<i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">See also "Impact Risk."</i></li> </ul> You could lose money by investing in the Fund. Investment Objective <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Global Select Equity&#160;Fund seeks capital appreciation.</p> Portfolio Turnover <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Annual Fund Operating Expenses" or in the "Example of Expenses" above, affect the Fund's performance. Because the Fund has not commenced operations, it does not have a portfolio turnover rate.&#160; </p> Principal Investment Strategies <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund seeks to meet its objective by investing in a global portfolio of equities, which include common stock and other equity securities of issuers located in countries of developed and emerging markets. </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">In addition,&#160;under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. The Fund may hold equity securities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund invests predominantly in a diversified portfolio of securities issued by companies located in countries contained in the MSCI ACWI Index, cash and cash equivalents.&#160;Under normal circumstances, the Fund will invest at least 40% of its total assets in securities of companies located outside the U.S. when market conditions are favorable, but, when market conditions are not favorable, will invest at least 30% of its total assets in companies located outside the U.S. The Fund may invest in issuers located in emerging markets. The Fund typically invests primarily in issuers with a market capitalization of approximately $1.5 billion or more. </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund may invest in issuers of any market capitalization and may participate in initial public offerings (<b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">"IPOs"</b>). </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The portfolio managers select companies without regard to the MSCI ACWI 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The intended outcome is a diversified portfolio of between&#160;70-90 quality growth companies with the potential to outperform the benchmark over the long-term. The Fund tends to hold securities for long periods (typically 5 years), which results in relatively low portfolio turnover and is in line with the Fund's long-term investment outlook.&#160;In selecting portfolio investments, the portfolio managers take into account corporate governance and stewardship alongside the investment considerations outlined above.&#160; </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">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 may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options. </p> Example of Expenses <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. The example below also applies any contractual expense waivers and/or expense&#160;reimbursements to the first year of each period listed in the table. </p> 66 66 82 82 296 296 343 343 ~ http://bailliegifford.com/20171214/role/ScheduleExpenseExample20049 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000059106Member row primary compact * ~ ~ http://bailliegifford.com/20171214/role/ScheduleExpenseExampleNoRedemption20050 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000059106Member row primary compact * ~ Although your actual costs may be higher or lower, based on these assumptions, your expenses would be: Baillie Gifford International Concentrated Growth Fund BTLSX BTLKX Fees and Expenses <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund. </p> 0.00 0.00 0.0057 0.0057 0.0000 0.0000 0.0056 0.0071 0.0113 0.0128 -0.0041 -0.0041 0.0072 0.0087 ~ http://bailliegifford.com/20171214/role/ScheduleShareholderFees20053 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000059107Member row primary compact * ~ ~ http://bailliegifford.com/20171214/role/ScheduleAnnualFundOperatingExpenses20054 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000059107Member row primary compact * ~ Shareholder Fees (Fees paid directly from your investment) 2019-04-30 Other expenses for Class K and Institutional Class have been estimated for the current fiscal year based on estimated Fund assets of $25 million, the minimum initial investment amount for Class K shares. Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment) Performance <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund had not commenced operations as of December 31, 2016. Accordingly, performance data is not included. When performance data becomes available, it will be posted to the following website: http://USmutualfund.bailliegifford.com. Past performance (before and after taxes) is not an indication of future performance. A description of the Fund's comparative index is&#160;provided in the section of the Prospectus entitled "Additional Performance Information". </p> Past performance (before and after taxes) is not an indication of future performance. The Fund had not commenced operations as of December 31, 2016. Accordingly, performance data is not included. http://USmutualfund.bailliegifford.com Principal Risks <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You could lose money by investing in the Fund. </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The principal risks of investing in this Fund (in alphabetical order)&#160;are:</p> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Currency and Currency Hedging Risk</i></b> &#8211; The Fund could lose value&#160;if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value.&#160;A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Emerging Markets Risk</i></b> &#8211; To the extent the Fund invests in emerging market securities, the Fund may be exposed to greater market, credit, currency, liquidity, legal, political, technical and other risks different from, or greater than, the risks of investing in developed markets. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Equity Securities Risk</i></b> &#8211; Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Focused Investment Risk</i></b> &#8211; Because the Fund focuses its investments in a limited number of companies, its investment strategy will result in more risk or greater volatility in returns than if the Fund's investments were less focused.&#160; </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Growth Stock Risk</i></b> &#8211; The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Information Technology Risk</i></b> &#8211; Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">IPO&#160;Risk</i></b> &#8211; The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Large Capitalization Securities Risk</i></b> &#8211; Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or&#160;maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Liquidity Risk</i></b> &#8211; The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Long-Term Investment Strategy Risk</i></b> &#8211; The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term. &#160;An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Market Disruption and Geopolitical Risk</i></b> &#8211; The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Market Risk</i></b> &#8211; The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Non-Diversification Risk</i></b> &#8211; Because the Fund may invest a relatively large percentage of its assets in a single issuer or small number of issuers, its performance could be closely tied to the value of that one issuer or issuers, and could be more volatile than the performance of diversified funds. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Non-U.S. Investment Risk</i></b> &#8211; Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Service Provider Risk</i></b> &#8211; The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Settlement Risk</i></b> &#8211; The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities,&#160;or prevent the Fund from selling securities at times and prices it considers desirable. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Small- and Medium-Capitalization Securities Risk</i></b> &#8211; Securities of small- and medium-capitalization companies can be more volatile due to various factors&#160;including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines,&#160;than the securities of larger, more established companies. </li> </ul> 1. Non-Diversification Risk &#8211; Because the Fund may invest a relatively large percentage of its assets in a single issuer or small number of issuers, its performance could be closely tied to the value of that one issuer or issuers, and could be more volatile than the performance of diversified funds. You could lose money by investing in the Fund. Investment Objective <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The International Concentrated Growth Fund seeks capital appreciation.</p> Portfolio Turnover <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Annual Fund Operating Expenses" or in the "Example of Expenses"&#160;above, affect the Fund's performance. Because the Fund has not commenced operations, it does not have a portfolio turnover rate. </p> Principal Investment Strategies <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund seeks to meet its objective by investing in an international portfolio of common stocks and other equity securities of issuers located in countries of developed and emerging markets. </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund may additionally invest up to 20% of its net assets in common stocks and other equities of companies located in North America. The Fund may hold equities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund may invest in issuers of any market capitalization and may participate in initial public offerings (<b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">"IPOs"</b>). </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The portfolio managers principally select companies without regard to the MSCI ACWI (ex U.S.) 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The intended outcome is a portfolio of between 20-35 quality growth companies with the potential to outperform the benchmark over the long-term. The Fund is a non-diversified fund, which means that it may invest a relatively large percentage of its assets in a small number of issuers, industries, or sectors.&#160;The Fund tends to hold securities for long periods (typically 5-10 years), which results in relatively low portfolio turnover and is in line with the Fund's long-term investment outlook. </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">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 may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options. </p> Example of Expenses <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. The example below also applies any contractual expense waivers and/or expense&#160;reimbursements to the first year of each period listed in the table. </p> 74 74 89 89 318 318 365 365 ~ http://bailliegifford.com/20171214/role/ScheduleExpenseExample20055 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000059107Member row primary compact * ~ ~ http://bailliegifford.com/20171214/role/ScheduleExpenseExampleNoRedemption20056 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000059107Member row primary compact * ~ Although your actual costs may be higher or lower, based on these assumptions, your expenses would be: Baillie Gifford International Equity Fund BINSX BGIKX Fees and Expenses <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund. </p> 0.00 0.00 0.0052 0.0052 0.0000 0.0000 0.0009 0.0024 0.0061 0.0076 ~ http://bailliegifford.com/20171214/role/ScheduleShareholderFees20059 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000012763Member row primary compact * ~ ~ http://bailliegifford.com/20171214/role/ScheduleAnnualFundOperatingExpenses20060 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000012763Member row primary compact * ~ Shareholder Fees (Fees paid directly from your investment) Class K and Institutional Class were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for the current fiscal year based on the Other Expenses of Class 2 shares. Class 2 shares are not offered under this Prospectus and are currently closed to new investors. Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment) Performance <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Past performance (before and after taxes) is not an indication of future performance. </p> Annual Total Returns &#8211; Class 2 Shares(1) 0.4776 0.1465 -0.1194 0.2233 0.1535 -0.0293 -0.0189 0.0524 ~ http://bailliegifford.com/20171214/role/ScheduleAnnualTotalReturnsBarChart20063 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000012763Member column rr_ProspectusShareClassAxis compact ck0001120543_C000034445Member row primary compact * ~ Highest Quarterly Return 0.2636 2009-06-30 Lowest Quarterly Return -0.1939 2011-09-30 <p>Highest Quarterly Return: 26.36% (Q2, 2009)</p> <p>&#xa0;</p> <p>Lowest Quarterly Return: -19.39% (Q3, 2011)</p> <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px"><sup style="position:relative;font-size:75%;line-height:0;vertical-align:baseline;top:-.5em;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">(1)</sup> Class 2 shares are not offered under this Prospectus and are currently closed to new investors. Class K and Institutional Class shares would have substantially similar returns because the shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that the classes do not have the same expenses. Class K shares are generally expected to incur expenses equal to or higher than the expenses of Class 2 shares,&#160; and Institutional Class shares are generally expected to incur higher expenses than Class 2 shares. </p> <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are shown for Class 2 shares only, and after-tax returns for other Classes will vary. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements.&#160;A description of the Fund's comparative index and details regarding the calculation of the Fund's class-by-class performance are provided in the section of the Prospectus entitled "Additional Performance Information". </p> 0.0524 0.0718 0.0297 0.0470 0.0646 0.0233 0.0368 0.0547 0.0211 0.0524 0.0718 0.0297 0.0508 0.0702 0.0281 0.0501 0.0548 0.0130 2008-02-07 2008-02-07 2008-02-07 2008-02-07 ~ http://bailliegifford.com/20171214/role/ScheduleAverageAnnualReturnsTransposed20064 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000012763Member column rr_PerformanceMeasureAxis compact * row primary compact * ~ <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">Updated information on the Fund's investment performance can be obtained by visiting http://USmutualfund.bailliegifford.com. </p> Class 2 shares are not offered under this Prospectus and are currently closed to new investors. After-tax returns are shown for Class 2 shares only, and after-tax returns for other Classes will vary. Past performance (before and after taxes) is not an indication of future performance. Performance figures for Class K and Institutional Class shares, which have been operational for less than a full calendar year as of the date of this Prospectus, are derived from the historical performance of Class 2 shares. http://USmutualfund.bailliegifford.com In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements. (reflects no deduction for fees, expenses, or taxes) The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Average Annual Total Returns for Periods Ended December 31, 2016 Principal Risks <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You may consequently lose money by investing in the Fund. </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The principal risks of investing in the&#160;Fund (in alphabetical order) are:</p> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Currency and Currency Hedging Risk</i></b> &#8211; The Fund could lose value&#160;if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value.&#160;A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Emerging Markets Risk</i></b> &#8211; To the extent the Fund invests in emerging market securities, the Fund may be exposed to greater market, credit, currency, liquidity, legal, political, technical and other risks different from, or greater than, the risks of investing in developed markets. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Equity Securities Risk</i></b> &#8211; Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Focused Investment Risk</i></b> &#8211; Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Growth Stock Risk</i></b> &#8211; The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Information Technology Risk</i></b> &#8211; Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">IPO&#160;Risk</i></b> &#8211; The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Large Capitalization Securities Risk</i></b> &#8211; Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or&#160;maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Liquidity Risk</i></b> &#8211; The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Long-Term Investment Strategy Risk</i></b> &#8211; The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term. &#160;An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Market Disruption and Geopolitical Risk</i></b> &#8211; The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Market Risk</i></b> &#8211; The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Non-U.S. Investment Risk</i></b> &#8211; Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Service Provider Risk</i></b> &#8211; The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Settlement Risk</i></b> &#8211; The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities,&#160;or prevent the Fund from selling securities at times and prices it considers desirable. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Small- and Medium-Capitalization Securities Risk</i></b> &#8211; Securities of small- and medium-capitalization companies can be more volatile due to various factors&#160;including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines,&#160;than the securities of larger, more established companies. </li> </ul> You may consequently lose money by investing in the Fund. Investment Objective <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The International Equity Fund seeks capital appreciation.</p> Portfolio Turnover <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Total&#160;Annual Fund Operating Expenses" or in the Example above, affect the Fund's performance. During the Fund's most recent fiscal year, the Fund's portfolio turnover rate was 12% of the average value of its portfolio. </p> 0.12 Principal Investment Strategies <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund seeks to meet its objective by investing in an international portfolio of equities, which include common stock and other equity securities,&#160;of issuers located in countries of developed and emerging markets.&#160; </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">Under normal circumstances, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in common stocks and other equity securities. The Fund invests predominantly in securities issued by companies located in countries contained in the MSCI ACWI (ex U.S.) Index, which includes issuers from a range of developed and emerging market countries. The Fund ordinarily invests in securities of issuers located in at least three countries outside the U.S. The Fund may hold equity securities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund may invest in issuers of any market capitalization and may participate in initial public offerings (<b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">"IPOs"</b>). &#160; </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The portfolio managers principally select companies without regard to the MSCI ACWI (ex U.S.) 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation.&#160;The intended outcome is a diversified portfolio of between 70-110 quality growth companies with the potential to outperform the benchmark over the long-term. The Fund tends to hold securities for long periods (typically 3-5 years), which results in relatively low portfolio turnover and is in line with the Fund's long-term investment outlook. </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">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 may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options. </p> Example of Expenses <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. </p> 62 62 78 78 195 195 243 243 340 340 422 422 762 762 942 942 ~ http://bailliegifford.com/20171214/role/ScheduleExpenseExample20061 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000012763Member row primary compact * ~ ~ http://bailliegifford.com/20171214/role/ScheduleExpenseExampleNoRedemption20062 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000012763Member row primary compact * ~ Although your actual costs may be higher or lower, based on these assumptions, your expenses would be: Baillie Gifford The Long Term Global Growth Equity Fund BSGLX BGLKX Fees and Expenses <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund. </p> 0.00 0.00 0.0062 0.0062 0.0000 0.0000 0.0025 0.0040 0.0087 0.0102 -0.0010 -0.0010 0.0077 0.0092 ~ http://bailliegifford.com/20171214/role/ScheduleShareholderFees20067 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000046079Member row primary compact * ~ ~ http://bailliegifford.com/20171214/role/ScheduleAnnualFundOperatingExpenses20068 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000046079Member row primary compact * ~ Shareholder Fees (Fees paid directly from your investment) 2018-04-30 Class K and Institutional Class were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for the current fiscal year based on the Other Expenses of Class 2 shares. Class 2 shares are not offered under this Prospectus and are currently closed to new investors. Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment) Performance <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Past performance (before and after taxes) is not an indication of future performance. </p> Annual Total Returns &#8211; Class 2 Shares(1) 0.1399 -0.0380 ~ http://bailliegifford.com/20171214/role/ScheduleAnnualTotalReturnsBarChart20071 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000046079Member column rr_ProspectusShareClassAxis compact ck0001120543_C000144091Member row primary compact * ~ Highest Quarterly Return 0.1447 2015-12-31 Lowest Quarterly Return -0.0975 2015-09-30 <p>Highest Quarterly Return: 14.47% (Q4, 2015)</p> <p>&#xa0;</p> <p>Lowest Quarterly Return: -9.75% (Q3, 2015)</p> <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px"><sup style="position:relative;font-size:75%;line-height:0;vertical-align:baseline;top:-.5em;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">(1)</sup> Class 2 shares are not offered under this Prospectus and are currently closed to new investors. Class K and Institutional Class shares would have substantially similar returns because the shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that the classes do not have the same expenses. Class K shares are generally expected to incur expenses equal to or higher than the expenses of Class 2 shares,&#160; and Institutional Class shares are generally expected to incur higher expenses than Class 2 shares. </p> <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are shown for Class 2 shares only, and after-tax returns for other Classes will vary. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements.&#160;A description of the Fund's comparative index and details regarding the calculation of the Fund's class-by-class performance are provided in the section of the Prospectus entitled "Additional Performance Information". </p> -0.0380 0.0542 -0.0393 0.0522 -0.0204 0.0414 -0.0380 0.0542 -0.0395 0.0526 0.0848 0.0200 2014-06-10 2014-06-10 2014-06-10 2014-06-10 ~ http://bailliegifford.com/20171214/role/ScheduleAverageAnnualReturnsTransposed20072 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000046079Member column rr_PerformanceMeasureAxis compact * row primary compact * ~ <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">Updated information on the Fund's investment performance can be obtained by visiting http://USmutualfund.bailliegifford.com<font style="text-decoration:underline;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">.</font></p> Class 2 shares are not offered under this Prospectus and are currently closed to new investors. After-tax returns are shown for Class 2 shares only, and after-tax returns for other Classes will vary. Past performance (before and after taxes) is not an indication of future performance. Performance figures for Class K and Institutional Class shares, which have been operational for less than a full calendar year as of the date of this Prospectus, are derived from the historical performance of Class 2 shares. http://USmutualfund.bailliegifford.com In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements. (reflects no deduction for fees, expenses, or taxes) The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Average Annual Total Returns for Periods Ended December 31, 2016 Principal Risks <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You may consequently lose money by investing in the Fund. </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The principal risks of investing in the&#160;Fund are:</p> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Currency and Currency Hedging Risk</i></b> &#8211; The Fund could lose value&#160;if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value.&#160;A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Emerging Markets Risk</i></b> &#8211; To the extent the Fund invests in emerging market securities, the Fund may be exposed to greater market, credit, currency, liquidity, legal, political, technical and other risks different from, or greater than, the risks of investing in developed markets. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Equity Securities Risk</i></b> &#8211; Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Focused Investment Risk</i></b> &#8211; Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Growth Stock Risk</i></b> &#8211; The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Information Technology Risk</i></b> &#8211; Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">IPO&#160;Risk</i></b> &#8211; The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Large Capitalization Securities Risk</i></b> &#8211; Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or&#160;maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Liquidity Risk</i></b> &#8211; The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Long-Term Investment Strategy Risk</i></b> &#8211; The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term. &#160;An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Market Disruption and Geopolitical Risk</i></b> &#8211; The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Market Risk</i></b> &#8211; The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Non-Diversification Risk</i></b> &#8211; Certain Funds are&#160;classified as "non-diversified" funds. A non-diversified Fund may hold a smaller number of portfolio securities, with larger positions in each security it holds, than many other mutual funds. To the extent a&#160;Fund invests in a relatively small number of issuers, a decline in the market value of a particular security held by the Fund may affect its value more than if it invested in a larger number of issuers. The value of such&#160;Fund's shares may be more volatile than the values of shares of more diversified funds. <i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">See&#160;also "Focused Investment Risk."</i></li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Non-U.S. Investment Risk</i></b> &#8211; Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Service Provider Risk</i></b> &#8211; The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Settlement Risk</i></b> &#8211; The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities,&#160;or prevent the Fund from selling securities at times and prices it considers desirable. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Small- and Medium-Capitalization Securities Risk</i></b> &#8211; Securities of small- and medium-capitalization companies can be more volatile due to various factors&#160;including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines,&#160;than the securities of larger, more established companies. </li> </ul> 1. Non-Diversification Risk &#8211; Certain Funds are classified as "non-diversified" funds. A non-diversified Fund may hold a smaller number of portfolio securities, with larger positions in each security it holds, than many other mutual funds. To the extent a Fund invests in a relatively small number of issuers, a decline in the market value of a particular security held by the Fund may affect its value more than if it invested in a larger number of issuers. The value of such Fund's shares may be more volatile than the values of shares of more diversified funds. See also "Focused Investment Risk." You may consequently lose money by investing in the Fund. Investment Objective <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Long Term Global Growth Equity Fund seeks to provide long-term capital appreciation.</p> Portfolio Turnover <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Total Annual Fund Operating Expenses" or in the Example above, affect the Fund's performance. During the Fund's most recent fiscal year, the Fund's portfolio turnover rate was 15%&#160;of the average value of its portfolio. </p> 0.15 Principal Investment Strategies <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund seeks to meet its objective by investing in a portfolio of global equity securities, which include common stock and other equity securities,&#160;without reference to benchmark constraints. </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. While the portfolio managers are not constrained by geographic limitations, the Fund ordinarily invests in securities of issuers located in at least six different countries. In addition, under normal&#160;circumstances, the Fund will invest at least 40% of its total&#160;assets in securities of companies located outside the U.S.&#160;when market conditions are favorable, but, when market&#160;conditions are not favorable, will invest at least 30% of its&#160;total assets in companies located outside the U.S. The Fund may invest in issuers located in emerging markets. </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund may hold equity securities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund typically invests primarily in issuers with a market capitalization of more than $2 billion and may participate in initial public offerings (<b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">"IPOs"</b>). </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The portfolio managers select investments without regard to the geographic, industry, sector, or individual company weightings on any index. 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The portfolio managers generally select securities of between 30-60 quality growth companies. The Fund is a non-diversified fund, which means that it may invest a relatively large percentage of its assets in a small number of issuers, industries or sectors. The Fund tends to hold securities for long periods (typically 5-10 years), which results in relatively low portfolio turnover and is in line with the Fund's long-term investment outlook. </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">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 may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options. </p> Example of Expenses <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. The example below also applies any contractual expense waivers and/or expense&#160;reimbursements to the first year of each period listed in the table. </p> 79 79 94 94 268 268 315 315 472 472 554 554 1063 1063 1239 1239 ~ http://bailliegifford.com/20171214/role/ScheduleExpenseExample20069 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000046079Member row primary compact * ~ ~ http://bailliegifford.com/20171214/role/ScheduleExpenseExampleNoRedemption20070 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000046079Member row primary compact * ~ Although your actual costs may be higher or lower, based on these assumptions, your expenses would be: Baillie Gifford Positive Change Equity Fund BPESX BPEKX Fees and Expenses <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund. </p> 0.00 0.00 0.0050 0.0050 0.0000 0.0000 0.0056 0.0071 0.0106 0.0121 -0.0041 -0.0041 0.0065 0.0080 ~ http://bailliegifford.com/20171214/role/ScheduleShareholderFees20075 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000059108Member row primary compact * ~ ~ http://bailliegifford.com/20171214/role/ScheduleAnnualFundOperatingExpenses20076 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000059108Member row primary compact * ~ Shareholder Fees (Fees paid directly from your investment) 2019-04-30 Other expenses for Class K and Institutional Class have been estimated for the current fiscal year based on estimated Fund assets of $25 million, the minimum initial investment amount for Class K shares. Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment) Performance <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund had not commenced operations as of December 31, 2016. Accordingly, performance data is not included. When performance data becomes available, it will be posted to the following website: http://USmutualfund.bailliegifford.com. Past performance (before and after taxes) is not an indication of future performance. A description of the Fund's comparative index is&#160;provided in the section of the Prospectus entitled "Additional Performance Information". </p> Past performance (before and after taxes) is not an indication of future performance. The Fund had not commenced operations as of December 31, 2016. Accordingly, performance data is not included. http://USmutualfund.bailliegifford.com Principal Risks <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You could lose money by investing in the Fund. </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The principal risks of investing in this Fund (in alphabetical order)&#160;are:</p> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Currency and Currency Hedging Risk</i></b> &#8211; The Fund could lose value&#160;if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value.&#160;A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Emerging Markets Risk</i></b> &#8211; To the extent the Fund invests in emerging market securities, the Fund may be exposed to greater market, credit, currency, liquidity, legal, political, technical and other risks different from, or greater than, the risks of investing in developed markets. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Equity Securities Risk</i></b> &#8211; Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Focused Investment Risk</i></b> &#8211; Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Growth Stock Risk</i></b> &#8211; The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Information Technology Risk</i></b> &#8211; Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Impact&#160;Risk</i></b> &#8211; Under certain circumstances the Fund's positive change objectives set for each company, as determined by the Manager, may not be achieved.&#160; In some circumstances, companies could ultimately have a negative impact.&#160;<i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">See also "Socially Responsible Investing Risk."</i></li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">IPO&#160;Risk</i></b> &#8211; The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Large Capitalization Securities Risk</i></b> &#8211; Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or&#160;maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Liquidity Risk</i></b> &#8211; The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Long-Term Investment Strategy Risk</i></b> &#8211; The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term. &#160;An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Market Disruption and Geopolitical Risk</i></b> &#8211; The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Market Risk</i></b> &#8211; The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Non-Diversification Risk</i></b> &#8211; Because the Fund may invest a relatively large percentage of its assets in a single issuer or small number of issuers, its performance could be closely tied to the value of that one issuer or issuers, and could be more volatile than the performance of diversified funds. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Non-U.S. Investment Risk</i></b> &#8211; Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Service Provider Risk</i></b> &#8211; The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Settlement Risk</i></b> &#8211; The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities,&#160;or prevent the Fund from selling securities at times and prices it considers desirable. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Small- and Medium-Capitalization Securities Risk</i></b> &#8211; Securities of small- and medium-capitalization companies can be more volatile due to various factors&#160;including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines,&#160;than the securities of larger, more established companies. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Socially Responsible Investing&#160;Risk</i></b> &#8211; The Fund's incorporation of environmental, social and governance considerations in its investment process may cause it to make different investments than funds that have a similar investment universe and/or investment style but that do not incorporate such considerations in their strategy or investment processes.&#160;Under certain economic conditions, this could cause the Fund's investment performance to be worse than similar Funds that do not incorporate such considerations in their investment strategies or processes.&#160;<i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">See also "Impact Risk."</i></li> </ul> Because the Fund may invest a relatively large percentage of its assets in a single issuer or small number of issuers, its performance could be closely tied to the value of that one issuer or issuers, and could be more volatile than the performance of diversified funds. You could lose money by investing in the Fund. Investment Objective <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Positive Change Equity Fund seeks capital appreciation&#160;with an emphasis&#160;on investing in businesses that deliver positive&#160;change by contributing towards a more sustainable and inclusive world. </p> Portfolio Turnover <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Annual Fund Operating Expenses" or in the "Example of Expenses" above, affect the Fund's performance. Because the Fund has not commenced operations, it does not have a portfolio turnover rate. </p> Principal Investment Strategies <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund seeks to meet its objective by investing in a global portfolio of equities, which include common stock and other equity securities, of issuers located in countries of developed and emerging markets.&#160;Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. The Fund invests predominantly in&#160;securities issued by companies located in countries contained in the MSCI ACWI Index, cash and cash equivalents.&#160; </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund may hold equity securities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund may invest in issuers of any market capitalization and may participate in initial public offerings (<b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">"IPOs"</b>).&#160; </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The portfolio managers select companies without regard to the MSCI ACWI 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The intended outcome is a portfolio of between 25-50 quality growth companies with the potential to outperform the benchmark over the long-term and which the portfolio managers consider to have core ambitions of delivering a positive change in at least one of the following areas: social inclusion and education, healthcare, the environment, and addressing basic needs and aspirations of the world's poorest populations. In order to assess positive change in these areas, the Manager will use a set of internal matrices and/or milestones for each issuer and, over the long term, judge the social impact against these matrices and/or milestones. With respect to each area, the Manager pursues an active, positive approach; investment decisions are generally not made on the basis of negative "screening" of companies viewed as socially irresponsible. </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund is a non-diversified fund, which means that it may invest a relatively large percentage of its assets in a small number of issuers, industries or sectors. The Fund tends to hold securities for long periods (typically 5-10 years), which results in relatively low portfolio turnover and is in line with the Fund's long-term investment outlook.&#160; </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">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 may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options. </p> Example of Expenses <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. The example below also applies any contractual expense waivers and/or expense&#160;reimbursements to the first year of each period listed in the table. </p> 66 66 82 82 296 296 343 343 ~ http://bailliegifford.com/20171214/role/ScheduleExpenseExample20077 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000059108Member row primary compact * ~ ~ http://bailliegifford.com/20171214/role/ScheduleExpenseExampleNoRedemption20078 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000059108Member row primary compact * ~ Although your actual costs may be higher or lower, based on these assumptions, your expenses would be: Baillie Gifford U.S. Equity Growth Fund BGGSX BGGKX Fees and Expenses <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund. </p> 0.00 0.00 0.0050 0.0050 0.0000 0.0000 0.0035 0.0050 0.0085 0.0100 -0.0028 -0.0028 0.0057 0.0072 ~ http://bailliegifford.com/20171214/role/ScheduleShareholderFees20081 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000026150Member row primary compact * ~ ~ http://bailliegifford.com/20171214/role/ScheduleAnnualFundOperatingExpenses20082 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000026150Member row primary compact * ~ Shareholder Fees (Fees paid directly from your investment) 2018-04-30 Class K and Institutional Class were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for the current fiscal year based on estimated Fund assets of $25 million, the minimum initial investment amount for Class K shares. Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment) Performance <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund commenced operations on December 5, 2016 and does not have a full calendar year of performance available.&#160; Accordingly, performance data is not included.&#160;When performance data becomes available, it will be posted to the following website: http://USmutualfund.bailliegifford.com.&#160;Past performance (before and after taxes) is not an indication of future performance. </p> Past performance (before and after taxes) is not an indication of future performance. The Fund commenced operations on December 5, 2016 and does not have a full calendar year of performance available. Accordingly, performance data is not included. http://USmutualfund.bailliegifford.com Principal Risks <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You could lose money by investing in the Fund. </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The principal risks of investing in this Fund (in alphabetical order) are:</p> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Equity Securities Risk</i></b> &#8211; Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Focused Investment Risk</i></b> &#8211; Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Growth Stock Risk</i></b> &#8211; The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Information Technology Risk</i></b> &#8211; Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">IPO&#160;Risk</i></b> &#8211; The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Large Capitalization Securities Risk</i></b> &#8211; Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or&#160;maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Liquidity Risk</i></b> &#8211; The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Long-Term Investment Strategy Risk</i></b> &#8211; The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term. &#160;An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Market Disruption and Geopolitical Risk</i></b> &#8211; The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Market Risk</i></b> &#8211; The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Non-Diversification Risk</i></b> &#8211; Certain Funds are&#160;classified as "non-diversified" funds. A non-diversified Fund may hold a smaller number of portfolio securities, with larger positions in each security it holds, than many other mutual funds. To the extent a&#160;Fund invests in a relatively small number of issuers, a decline in the market value of a particular security held by the Fund may affect its value more than if it invested in a larger number of issuers. The value of such&#160;Fund's shares may be more volatile than the values of shares of more diversified funds. <i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">See&#160;also "Focused Investment Risk."</i></li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Service Provider Risk</i></b> &#8211; The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Small- and Medium-Capitalization Securities Risk</i></b> &#8211; Securities of small- and medium-capitalization companies can be more volatile due to various factors&#160;including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines,&#160;than the securities of larger, more established companies. </li> </ul> Certain Funds are classified as "non-diversified" funds. A non-diversified Fund may hold a smaller number of portfolio securities, with larger positions in each security it holds, than many other mutual funds. To the extent a Fund invests in a relatively small number of issuers, a decline in the market value of a particular security held by the Fund may affect its value more than if it invested in a larger number of issuers. The value of such Fund's shares may be more volatile than the values of shares of more diversified funds. See also "Focused Investment Risk." You could lose money by investing in the Fund. Investment Objective <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The U.S. Equity Growth Fund seeks capital appreciation.</p> Portfolio Turnover <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Total&#160;Annual Fund Operating Expenses" or in the Example above, affect the Fund's performance. The Fund has not yet completed its first full year of operations. During the period from December 5, 2016 to December 31, 2016, the Fund's portfolio turnover rate was 3% of the average value of its portfolio. </p> 0.03 Principal Investment Strategies <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund seeks to meet its objective by investing in a portfolio of equities, which include common stock and other equity securities, of issuers located in the U.S. </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in common stocks and other equity securities of companies whose principal activities are in the U.S. The Fund may hold equity securities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund typically invests primarily in issuers with a market capitalization of more than $1.5 billion and may participate in initial public offerings (<b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">"IPOs"</b>). </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The portfolio managers select companies without regard to a benchmark, generally investing in a portfolio of between 40-60 quality&#160;growth companies. 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The Fund is a non-diversified fund, which means that it may invest a relatively large percentage of its assets in a small number of issuers, industries or sectors. The Fund tends to hold securities for long periods (typically 5 years), which results in relatively low portfolio turnover and is in line with the Fund's long-term investment outlook. </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">In response to adverse market, economic, political or other conditions, the Fund may deviate from its investment policies by taking temporary defensive positions with some or all of its assets in high quality income securities, cash or cash equivalents. As a result, during such conditions, the Fund may not achieve its investment objective. </p> Example of Expenses <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. </p> 58 58 74 74 243 243 291 291 ~ http://bailliegifford.com/20171214/role/ScheduleExpenseExample20083 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000026150Member row primary compact * ~ ~ http://bailliegifford.com/20171214/role/ScheduleExpenseExampleNoRedemption20084 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_K_Institutional_Class_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000026150Member row primary compact * ~ Although your actual costs may be higher or lower, based on these assumptions, your expenses would be: Baillie Gifford EAFE Fund BGETX BGEUX BGEFX BGEVX Fees and Expenses <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund. </p> 0.00 0.00 0.00 0.00 0.0035 0.0035 0.0035 0.0035 0.0017 0.0010 0.0007 0.0002 0.0009 0.0009 0.0009 0.0009 0.0061 0.0054 0.0051 0.0046 ~ http://bailliegifford.com/20171214/role/ScheduleShareholderFees20087 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_2_3_4_5_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000012764Member row primary compact * ~ ~ http://bailliegifford.com/20171214/role/ScheduleAnnualFundOperatingExpenses20088 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_2_3_4_5_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000012764Member row primary compact * ~ Shareholder Fees (Fees paid directly from your investment) Class 4 had less than 6 months of operating results for the year ended December 31, 2016. Therefore Other Expenses have been estimated for this Class based on the Other Expenses of Class 2 shares. Advisory Fees have been restated to reflect current fees, including the effects of Advisory Fee breakpoints as applied to the average daily net assets of the Fund over the prior fiscal year. Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment) Performance <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Past performance (before and after taxes) is not an indication of future performance. </p> Annual Total Returns &#8211; Class 2 Shares 0.4575 0.1660 -0.1170 0.1878 0.2869 -0.0694 -0.0307 0.0134 ~ http://bailliegifford.com/20171214/role/ScheduleAnnualTotalReturnsBarChart20091 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_2_3_4_5_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000012764Member column rr_ProspectusShareClassAxis compact ck0001120543_C000034448Member row primary compact * ~ Highest Quarterly Return 0.2736 2009-06-30 Lowest Quarterly Return -0.2166 2011-09-30 <p>Highest Quarterly Return: 27.36% (Q2, 2009)</p> <p>&#xa0;</p> <p>Lowest Quarterly Return: -21.66% (Q3, 2011)</p> <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">In the table below, after-tax returns are calculated using the&#160;historical highest individual federal marginal income tax rates&#160;and do not reflect the impact of state and local taxes. After-tax&#160;returns are shown for Class 2 shares only, and after-tax&#160;returns for other Classes will vary. Actual after-tax returns&#160;depend on your tax situation and may differ from those&#160;shown. After-tax returns shown are not relevant if you are tax-exempt&#160;or if you hold your Fund shares through tax-advantaged&#160;arrangements.&#160;A description of the Fund's comparative index and details regarding the calculation of the Fund's class-by-class performance are provided in the section of the Prospectus entitled "Additional Performance Information". </p> 0.0134 0.0692 0.0248 0.0015 0.0606 0.0179 0.0192 0.0533 0.0177 0.0141 0.0699 0.0254 0.0136 0.0692 0.0248 0.0149 0.0746 0.0278 0.0151 0.0701 0.0123 2012-07-18 2008-03-06 2010-04-19 2008-03-06 2016-10-10 ~ http://bailliegifford.com/20171214/role/ScheduleAverageAnnualReturnsTransposed20092 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_2_3_4_5_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000012764Member column rr_PerformanceMeasureAxis compact * row primary compact * ~ <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">Updated information on the Fund's investment performance can be obtained by visiting http://USmutualfund.bailliegifford.com. </p> After-tax returns are shown for Class 2 shares only, and after-tax returns for other Classes will vary. Past performance (before and after taxes) is not an indication of future performance. http://USmutualfund.bailliegifford.com In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements. (reflects no deduction for fees, expenses, or taxes) The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Average Annual Total Returns for Periods Ended December 31, 2016 Principal Risks <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You could lose money by investing in the Fund. </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The principal risks of investing in the&#160;Fund (in alphabetical order)&#160;are:</p> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Currency and Currency Hedging Risk</i></b> &#8211; The Fund could lose value&#160;if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value.&#160;A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Emerging Markets Risk</i></b> &#8211; To the extent the Fund invests in emerging market securities, the Fund may be exposed to greater market, credit, currency, liquidity, legal, political, technical and other risks different from, or greater than, the risks of investing in developed markets. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Equity Securities Risk</i></b> &#8211; Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Focused Investment Risk</i></b> &#8211; Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Growth Stock Risk</i></b> &#8211; The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Information Technology Risk</i></b> &#8211; Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">IPO&#160;Risk</i></b> &#8211; The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Large Capitalization Securities Risk</i></b> &#8211; Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or&#160;maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Liquidity Risk</i></b> &#8211; The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Long-Term Investment Strategy Risk</i></b> &#8211; The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term. &#160;An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Market Disruption and Geopolitical Risk</i></b> &#8211; The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Market Risk</i></b> &#8211; The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Non-U.S. Investment Risk</i></b> &#8211; Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Service Provider Risk</i></b> &#8211; The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Settlement Risk</i></b> &#8211; The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities,&#160;or prevent the Fund from selling securities at times and prices it considers desirable. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Small- and Medium-Capitalization Securities Risk</i></b> &#8211; Securities of small- and medium-capitalization companies can be more volatile due to various factors&#160;including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines,&#160;than the securities of larger, more established companies. </li> </ul> You could lose money by investing in the Fund. Investment Objective <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The EAFE Fund seeks capital appreciation.</p> Portfolio Turnover <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Total Annual Fund Operating Expenses" or in the Example above, affect the Fund's performance. During the Fund's most recent fiscal year, the Fund's portfolio turnover rate was 18% of the average value of its portfolio. </p> 0.18 Principal Investment Strategies <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund seeks to meet its objective by investing in a diversified, international portfolio of common stocks and other equity securities of issuers located in countries of developed and emerging markets.&#160; </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in common stocks and other equity securities of companies that are included in the MSCI EAFE Index or whose principal activities are in Europe, Australasia and/or the Far East. The Fund may additionally invest in up to 10% of its net assets in common stocks and other equities of companies located in North America. The Fund may hold equities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund may invest in issuers of any market capitalization and may participate in initial public offerings (<b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">"IPOs"</b>). In selecting companies for investment, the portfolio managers generally consider issuers in both developed and emerging markets.&#160; </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The portfolio managers select companies without regard to the MSCI EAFE 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The intended outcome is a diversified portfolio of between 50-60 quality growth companies with the potential to outperform the benchmark over the long-term. The Fund tends to hold securities for long periods (typically 3-5 years), which results in relatively low portfolio turnover and is in line with the Fund's long-term investment outlook. </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund may invest without limitation in securities denominated in securities quoted or denominated in currencies other than the U.S. dollar and may hold such currencies. The Fund may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options. </p> Example of Expenses <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. </p> 62 62 55 55 52 52 47 47 195 195 173 173 164 164 148 148 340 340 302 302 285 285 258 258 762 762 677 677 640 640 579 579 ~ http://bailliegifford.com/20171214/role/ScheduleExpenseExample20089 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_2_3_4_5_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000012764Member row primary compact * ~ ~ http://bailliegifford.com/20171214/role/ScheduleExpenseExampleNoRedemption20090 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_2_3_4_5_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000012764Member row primary compact * ~ Although your actual costs may be higher or lower, based on these assumptions, your expenses would be: Baillie Gifford EAFE Choice Fund BGCWX BGCJX BGCLX BGCVX Fees and Expenses <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund. </p> 0.00 0.00 0.00 0.00 0.0035 0.0035 0.0035 0.0035 0.0017 0.0010 0.0007 0.0002 0.0013 0.0013 0.0013 0.0013 0.0065 0.0058 0.0055 0.0050 ~ http://bailliegifford.com/20171214/role/ScheduleShareholderFees20095 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_2_3_4_5_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000026148Member row primary compact * ~ ~ http://bailliegifford.com/20171214/role/ScheduleAnnualFundOperatingExpenses20096 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_2_3_4_5_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000026148Member row primary compact * ~ Shareholder Fees (Fees paid directly from your investment) Classes 4 and 5 were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for these Classes based on the Other Expenses of Class 2 shares. Classes 4 and 5 were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for these Classes based on the Other Expenses of Class 2 shares. Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment) Performance <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Past performance (before and after taxes) is not an indication of future performance. </p> Annual Total Returns &#8211; Class 2 Shares 0.1214 -0.1254 0.2181 0.2120 -0.0425 -0.0216 0.0059 ~ http://bailliegifford.com/20171214/role/ScheduleAnnualTotalReturnsBarChart20099 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_2_3_4_5_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000026148Member column rr_ProspectusShareClassAxis compact ck0001120543_C000078427Member row primary compact * ~ Highest Quarterly Return 0.1774 2010-09-30 Lowest Quarterly Return -0.1823 2011-09-30 <p>Highest Quarterly Return: 17.74% (Q3, 2010)</p> <p>&#xa0;</p> <p>Lowest Quarterly Return: -18.23% (Q3, 2011)</p> <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are shown for Class 2 shares only, and after-tax returns for other Classes will vary. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements.&#160;A description of the Fund's comparative index and details regarding the calculation of the Fund's class-by-class performance are provided in the section of the Prospectus entitled "Additional Performance Information". </p> 0.0059 0.0774 0.0609 0.0044 0.0704 0.0533 0.0073 0.0585 0.0452 0.0066 0.0778 0.0612 0.0059 0.0774 0.0609 0.0059 0.0774 0.0609 0.0151 0.0701 0.0456 2009-12-17 2009-12-17 2014-07-07 2009-12-17 2009-12-17 ~ http://bailliegifford.com/20171214/role/ScheduleAverageAnnualReturnsTransposed20100 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_2_3_4_5_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000026148Member column rr_PerformanceMeasureAxis compact * row primary compact * ~ <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">Updated information on the Fund's investment performance can be obtained by visiting http://USmutualfund.bailliegifford.com.</p> After-tax returns are shown for Class 2 shares only, and after-tax returns for other Classes will vary. Past performance (before and after taxes) is not an indication of future performance. http://USmutualfund.bailliegifford.com In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements. (reflects no deduction for fees, expenses, or taxes) The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Average Annual Total Returns for Periods Ended December 31, 2016 Principal Risks <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You may consequently lose money by investing in the Fund. </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The principal risks of investing in the&#160;Fund are:</p> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Currency and Currency Hedging Risk</i></b> &#8211; The Fund could lose value&#160;if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value.&#160;A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Emerging Markets Risk</i></b> &#8211; To the extent the Fund invests in emerging market securities, the Fund may be exposed to greater market, credit, currency, liquidity, legal, political, technical and other risks different from, or greater than, the risks of investing in developed markets. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Equity Securities Risk</i></b> &#8211; Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Focused Investment Risk</i></b> &#8211; Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Growth Stock Risk</i></b> &#8211; The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Information Technology Risk</i></b> &#8211; Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">IPO&#160;Risk</i></b> &#8211; The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Large Capitalization Securities Risk</i></b> &#8211; Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or&#160;maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Liquidity Risk</i></b> &#8211; The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Long-Term Investment Strategy Risk</i></b> &#8211; The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term. &#160;An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Market Disruption and Geopolitical Risk</i></b> &#8211; The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Market Risk</i></b> &#8211; The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Non-U.S. Investment Risk</i></b> &#8211; Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Service Provider Risk</i></b> &#8211; The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Settlement Risk</i></b> &#8211; The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities,&#160;or prevent the Fund from selling securities at times and prices it considers desirable. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Small- and Medium-Capitalization Securities Risk</i></b> &#8211; Securities of small- and medium-capitalization companies can be more volatile due to various factors&#160;including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines,&#160;than the securities of larger, more established companies. </li> </ul> You may consequently lose money by investing in the Fund. Investment Objective <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The EAFE Choice Fund seeks capital appreciation.</p> Portfolio Turnover <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Total&#160;Annual Fund Operating Expenses" or in the Example above, affect the Fund's performance. During the Fund's most recent fiscal year, the Fund's portfolio turnover rate was 23% of the average value of its portfolio.&#160; </p> 0.23 Principal Investment Strategies <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund seeks to meet its objective by investing in an international portfolio of common stocks and other equity securities of issuers located in countries of developed and emerging markets.&#160; </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">Under normal circumstances, the Fund invests at least 85% of its net assets (plus any borrowings for investment purposes) in common stocks and other equity securities of companies whose principal activities are in Europe, Australasia and/or the Far East. The Fund may hold equities either directly or indirectly, such as through depositary receipts&#160;and may hold preferred stocks, convertible securities and warrants. The Fund may invest in issuers of any market capitalization and may participate in initial public offerings (<b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">"IPOs"</b>). In selecting companies for investment, the portfolio managers generally consider issuers in both developed and emerging markets.&#160; </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The portfolio managers select companies without regard to the MSCI EAFE 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation.&#160;The intended outcome is a diversified portfolio of between 60-90 quality growth companies with the potential to outperform the benchmark over the long-term. The Fund tends to hold securities for long periods (typically 3-5 years), which results in relatively low portfolio turnover and is in line with the Fund's long-term investment outlook. </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">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 may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options. </p> Example of Expenses <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. </p> 66 66 59 59 56 56 51 51 208 208 186 186 176 176 160 160 362 362 324 324 307 307 280 280 810 810 726 726 689 689 628 628 ~ http://bailliegifford.com/20171214/role/ScheduleExpenseExample20097 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_2_3_4_5_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000026148Member row primary compact * ~ ~ http://bailliegifford.com/20171214/role/ScheduleExpenseExampleNoRedemption20098 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_2_3_4_5_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000026148Member row primary compact * ~ Although your actual costs may be higher or lower, based on these assumptions, your expenses would be: Baillie Gifford EAFE Pure Fund BGPTX BGPFX BGPWX BGPVX Fees and Expenses <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund. </p> 0.00 0.00 0.00 0.00 0.0035 0.0035 0.0035 0.0035 0.0017 0.0010 0.0007 0.0002 0.0014 0.0014 0.0014 0.0014 0.0066 0.0059 0.0056 0.0051 ~ http://bailliegifford.com/20171214/role/ScheduleShareholderFees20103 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_2_3_4_5_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000042130Member row primary compact * ~ ~ http://bailliegifford.com/20171214/role/ScheduleAnnualFundOperatingExpenses20104 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_2_3_4_5_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000042130Member row primary compact * ~ Shareholder Fees (Fees paid directly from your investment) Classes 3, 4 and 5 were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for these Classes based on the Other Expenses of Class 2 shares. Classes 3, 4 and 5 were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for these Classes based on the Other Expenses of Class 2 shares. Classes 3, 4 and 5 were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for these Classes based on the Other Expenses of Class 2 shares. Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment) Performance <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Past performance (before and after taxes) is not an indication of future performance. </p> Annual Total Returns &#8211; Class 2 Shares 0.0461 -0.002 ~ http://bailliegifford.com/20171214/role/ScheduleAnnualTotalReturnsBarChart20107 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_2_3_4_5_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000042130Member column rr_ProspectusShareClassAxis compact ck0001120543_C000130829Member row primary compact * ~ Highest Quarterly Return 0.0771 2015-03-31 Lowest Quarterly Return -0.0920 2015-09-30 <p>Highest Quarterly Return: 7.71% (Q1, 2015)</p> <p>&#xa0;</p> <p>Lowest Quarterly Return: -9.20% (Q3, 2015)</p> <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are shown for Class 2 shares only, and after-tax returns for other Classes will vary. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements.&#160;A description of the Fund's comparative index and details regarding the calculation of the Fund's class-by-class performance are provided in the section of the Prospectus entitled "Additional Performance Information". </p> -0.0020 -0.0059 -0.0040 -0.0085 0.0030 -0.0045 -0.0020 -0.0059 -0.0020 -0.0059 -0.0020 -0.0059 0.0151 -0.0099 2014-04-15 2014-04-15 2014-04-15 2014-04-15 2014-04-15 ~ http://bailliegifford.com/20171214/role/ScheduleAverageAnnualReturnsTransposed20108 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_2_3_4_5_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000042130Member column rr_PerformanceMeasureAxis compact * row primary compact * ~ <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">Updated information on the Fund's investment performance can be obtained by visiting http://USmutualfund.bailliegifford.com. </p> After-tax returns are shown for Class 2 shares only, and after-tax returns for other Classes will vary. Past performance (before and after taxes) is not an indication of future performance. http://USmutualfund.bailliegifford.com In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements. (reflects no deduction for fees, expenses, or taxes) The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Average Annual Total Returns for Periods Ended December 31, 2016 Principal Risks <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You may consequently lose money by investing in the Fund. </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The principal risks of investing in the&#160;Fund are:</p> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Currency and Currency Hedging Risk</i></b> &#8211; The Fund could lose value&#160;if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value.&#160;A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Equity Securities Risk</i></b> &#8211; Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Focused Investment Risk</i></b> &#8211; Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Growth Stock Risk</i></b> &#8211; The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Information Technology Risk</i></b> &#8211; Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">IPO&#160;Risk</i></b> &#8211; The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Large Capitalization Securities Risk</i></b> &#8211; Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or&#160;maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Liquidity Risk</i></b> &#8211; The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Long-Term Investment Strategy Risk</i></b> &#8211; The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term. &#160;An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Market Disruption and Geopolitical Risk</i></b> &#8211; The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Market Risk</i></b> &#8211; The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Non-U.S. Investment Risk</i></b> &#8211; Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Service Provider Risk</i></b> &#8211; The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Settlement Risk</i></b> &#8211; The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities,&#160;or prevent the Fund from selling securities at times and prices it considers desirable. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Small- and Medium-Capitalization Securities Risk</i></b> &#8211; Securities of small- and medium-capitalization companies can be more volatile due to various factors&#160;including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines,&#160;than the securities of larger, more established companies. </li> </ul> You may consequently lose money by investing in the Fund. Investment Objective <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The EAFE Pure Fund seeks capital appreciation.</p> Portfolio Turnover <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Total&#160;Annual Fund Operating Expenses" or in the Example above, affect the Fund's performance. During the Fund's most recent fiscal year, the Fund's portfolio turnover rate was 13% of the average value of its portfolio. </p> 0.13 Principal Investment Strategies <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund seeks to meet its objective by investing in an international portfolio of common stocks and other equity securities of issuers located in countries of developed markets.&#160; </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in common stocks and other equity securities of companies whose principal activities are in Europe, Australasia and/or the Far East. The Fund may hold equities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund may invest in issuers of any market capitalization and may participate in initial public offerings (<b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">"IPOs"</b>). In selecting companies for investment, the portfolio managers generally consider issuers in developed markets and exclude emerging markets.&#160; </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The portfolio managers select companies without regard to the MSCI EAFE 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The intended outcome is a diversified portfolio of between 50-90 quality growth companies with the potential to outperform the benchmark over the long-term. The Fund tends to hold securities for long periods (typically 3-5 years), which results in relatively low portfolio turnover and is in line with the Fund's long-term investment outlook. </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">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 may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options. &#160; </p> Example of Expenses <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. </p> 67 67 60 60 57 57 52 52 211 211 189 189 179 179 164 164 368 368 329 329 313 313 285 285 822 822 738 738 701 701 640 640 ~ http://bailliegifford.com/20171214/role/ScheduleExpenseExample20105 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_2_3_4_5_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000042130Member row primary compact * ~ ~ http://bailliegifford.com/20171214/role/ScheduleExpenseExampleNoRedemption20106 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_2_3_4_5_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000042130Member row primary compact * ~ Although your actual costs may be higher or lower, based on these assumptions, your expenses would be: Baillie Gifford Emerging Markets Fund BGEHX BGELX BGEPX BGEDX Fees and Expenses <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund. </p> 0.00 0.00 0.00 0.00 0.0055 0.0055 0.0055 0.0055 0.0017 0.0010 0.0007 0.0002 0.0015 0.0015 0.0015 0.0014 0.0087 0.0080 0.0077 0.0071 ~ http://bailliegifford.com/20171214/role/ScheduleShareholderFees20111 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_2_3_4_5_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000006833Member row primary compact * ~ ~ http://bailliegifford.com/20171214/role/ScheduleAnnualFundOperatingExpenses20112 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_2_3_4_5_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000006833Member row primary compact * ~ Shareholder Fees (Fees paid directly from your investment) Class 4 was unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for Class 4 based on the Other Expenses of Class 2 shares. Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment) Performance <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Past performance (before and after taxes) is not an indication of future performance. </p> Annual Total Returns &#8211; Class 5 Shares 0.4659 -0.5641 0.9809 0.1973 -0.2020 0.1394 0.0398 0.0026 -0.0824 0.0324 ~ http://bailliegifford.com/20171214/role/ScheduleAnnualTotalReturnsBarChart20115 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_2_3_4_5_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000006833Member column rr_ProspectusShareClassAxis compact ck0001120543_C000018472Member row primary compact * ~ Highest Quarterly Return 0.4528 2009-06-30 Lowest Quarterly Return -0.3003 2008-12-31 <p>Highest Quarterly Return: 45.28% (Q2, 2009)</p> <p>&#xa0;</p> <p>Lowest Quarterly Return: -30.03% (Q4, 2008)</p> <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are shown for only Class 5 shares, and after-tax returns for other Classes will vary. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements.&#160;A description of the Fund's comparative index and details regarding the calculation of the Fund's class-by-class performance are provided in the section of the Prospectus entitled "Additional Performance Information". </p> 0.0324 0.0239 0.0313 0.0312 0.0203 0.0102 0.0213 0.0174 0.0177 0.0310 0.0230 0.0305 0.0312 0.0235 0.0311 0.0319 0.0234 0.0308 0.1160 0.0164 0.0217 2015-03-02 2015-10-30 2016-03-31 ~ http://bailliegifford.com/20171214/role/ScheduleAverageAnnualReturnsTransposed20116 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_2_3_4_5_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000006833Member column rr_PerformanceMeasureAxis compact * row primary compact * ~ <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">Updated information on the Fund's investment performance can be obtained by visiting http://USmutualfund.bailliegifford.com. </p> After-tax returns are shown for only Class 5 shares, and after-tax returns for other Classes will vary. Past performance (before and after taxes) is not an indication of future performance. http://USmutualfund.bailliegifford.com In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements. (reflects no deduction for fees, expenses, or taxes) The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Average Annual Total Returns for Periods Ended December 31, 2016 Principal Risks <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You could lose money by investing in the Fund. </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The principal risks of investing in the&#160;Fund (in alphabetical order) are:</p> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Currency and Currency Hedging Risk</i></b> &#8211; The Fund could lose value&#160;if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value.&#160;A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Emerging Markets Risk</i></b> &#8211; To the extent the Fund invests in emerging market securities, the Fund may be exposed to greater market, credit, currency, liquidity, legal, political, technical and other risks different from, or greater than, the risks of investing in developed markets. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Equity Securities Risk</i></b> &#8211; Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Focused Investment Risk</i></b> &#8211; Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Frontier Markets Risk</i></b> &#8211; Investments in frontier markets may be more volatile and less liquid than investments in more developed markets or in other emerging market countries. Emerging markets risk may be especially heightened in frontier markets. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Growth Stock Risk</i></b> &#8211; The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Information Technology Risk</i></b> &#8211; Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">IPO&#160;Risk</i></b> &#8211; The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Large Capitalization Securities Risk</i></b> &#8211; Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or&#160;maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Liquidity Risk</i></b> &#8211; The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Long-Term Investment Strategy Risk</i></b> &#8211; The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term. &#160;An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Market Disruption and Geopolitical Risk</i></b> &#8211; The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Market Risk</i></b> &#8211; The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Non-U.S. Investment Risk</i></b> &#8211; Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Service Provider Risk</i></b> &#8211; The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Settlement Risk</i></b> &#8211; The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities,&#160;or prevent the Fund from selling securities at times and prices it considers desirable. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Small- and Medium-Capitalization Securities Risk</i></b> &#8211; Securities of small- and medium-capitalization companies can be more volatile due to various factors&#160;including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines,&#160;than the securities of larger, more established companies. </li> </ul> You could lose money by investing in the Fund. Investment Objective <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Emerging Markets Fund seeks capital appreciation.</p> Portfolio Turnover <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Total&#160;Annual Fund Operating Expenses" or in the Example above, affect the Fund's performance. During the Fund's most recent fiscal year, the Fund's portfolio turnover rate was 24% of the average value of its portfolio. </p> 0.24 Principal Investment Strategies <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund seeks to meet its objective by investing in a global portfolio of common stocks and other equity securities of issuers located in countries of emerging markets.&#160; </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">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 contained in the MSCI Emerging Markets Index. The countries represented in the&#160;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. These countries may include frontier markets. The Fund may hold equity securities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund may invest in issuers of any market capitalization and may participate in initial public offerings ("<b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">IPOs</b>"). &#160; </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The portfolio managers select companies without regard to the MSCI Emerging Markets 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The intended outcome is a diversified portfolio of between 60-100 quality growth companies with the potential to outperform the benchmark over the long-term. The Fund tends to hold securities for long periods (typically 3-5 years), which results in relatively low portfolio turnover and is in line with the Fund's long-term investment outlook. </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">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 may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options. </p> Example of Expenses <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. </p> 89 89 82 82 79 79 73 73 278 278 255 255 246 246 227 227 482 482 444 444 428 428 395 395 1073 1073 990 990 954 954 883 883 ~ http://bailliegifford.com/20171214/role/ScheduleExpenseExample20113 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_2_3_4_5_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000006833Member row primary compact * ~ ~ http://bailliegifford.com/20171214/role/ScheduleExpenseExampleNoRedemption20114 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_2_3_4_5_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000006833Member row primary compact * ~ Although your actual costs may be higher or lower, based on these assumptions, your expenses would be: Baillie Gifford Global Alpha Equity Fund BGATX BGAEX BGALX BGAVX Fees and Expenses <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund. </p> 0.00 0.00 0.00 0.00 0.0040 0.0040 0.0040 0.0040 0.0017 0.0010 0.0007 0.0002 0.0010 0.0010 0.0010 0.0010 0.0067 0.0060 0.0057 0.0052 ~ http://bailliegifford.com/20171214/role/ScheduleShareholderFees20119 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_2_3_4_5_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000026149Member row primary compact * ~ ~ http://bailliegifford.com/20171214/role/ScheduleAnnualFundOperatingExpenses20120 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_2_3_4_5_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000026149Member row primary compact * ~ Shareholder Fees (Fees paid directly from your investment) Classes 4 and 5 were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for these Classes based on the Other Expenses of Class 2 shares. Classes 4 and 5 were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for these Classes based on the Other Expenses of Class 2 shares. Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment) Performance <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Past performance (before and after taxes) is not an indication of future performance. </p> Annual Total Returns &#8211; Class 3 Shares 0.1869 0.2871 0.0448 0.0184 0.0502 ~ http://bailliegifford.com/20171214/role/ScheduleAnnualTotalReturnsBarChart20123 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_2_3_4_5_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000026149Member column rr_ProspectusShareClassAxis compact ck0001120543_C000078433Member row primary compact * ~ Highest Quarterly Return 0.1330 2012-03-31 Lowest Quarterly Return -0.0914 2015-09-30 <p>Highest Quarterly Return: 13.30% (Q1, 2012)</p> <p>&#xa0;</p> <p>Lowest Quarterly Return: -9.14% (Q3, 2015)</p> <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are shown for Class 3 shares only, and after-tax returns for other Classes will vary. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements.&#160;A description of the Fund's comparative index and details regarding the calculation of the Fund's class-by-class performance are provided in the section of the Prospectus entitled "Additional Performance Information". </p> 0.0502 0.1128 0.1073 0.0484 0.1045 0.0991 0.0311 0.0879 0.0834 0.0495 0.1120 0.1065 0.0502 0.1128 0.1073 0.0502 0.1128 0.1073 0.0848 0.0995 0.0947 2011-11-15 2013-01-06 2011-11-15 2011-11-15 2011-11-15 ~ http://bailliegifford.com/20171214/role/ScheduleAverageAnnualReturnsTransposed20124 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_2_3_4_5_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000026149Member column rr_PerformanceMeasureAxis compact * row primary compact * ~ <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">Updated information on the Fund's investment performance can be obtained by visiting http://USmutualfund.bailliegifford.com. </p> After-tax returns are shown for Class 3 shares only, and after-tax returns for other Classes will vary. Past performance (before and after taxes) is not an indication of future performance. http://USmutualfund.bailliegifford.com In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements. (reflects no deduction for fees, expenses, or taxes) The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Average Annual Total Returns for Periods Ended December 31, 2016 Principal Risks <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You could lose money by investing in the Fund. </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The principal risks of investing in the&#160;Fund (in alphabetical order) &#160;are:</p> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Currency and Currency Hedging Risk</i></b> &#8211; The Fund could lose value&#160;if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value.&#160;A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Emerging Markets Risk</i></b> &#8211; To the extent the Fund invests in emerging market securities, the Fund may be exposed to greater market, credit, currency, liquidity, legal, political, technical and other risks different from, or greater than, the risks of investing in developed markets. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Equity Securities Risk</i></b> &#8211; Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Focused Investment Risk</i></b> &#8211; Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Growth Stock Risk</i></b> &#8211; The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Information Technology Risk</i></b> &#8211; Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">IPO&#160;Risk</i></b> &#8211; The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Large Capitalization Securities Risk</i></b> &#8211; Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or&#160;maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Liquidity Risk</i></b> &#8211; The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Long-Term Investment Strategy Risk</i></b> &#8211; The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term. &#160;An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Market Disruption and Geopolitical Risk</i></b> &#8211; The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Market Risk</i></b> &#8211; The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Non-U.S. Investment Risk</i></b> &#8211; Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Service Provider Risk</i></b> &#8211; The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Settlement Risk</i></b> &#8211; The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities,&#160;or prevent the Fund from selling securities at times and prices it considers desirable. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Small- and Medium-Capitalization Securities Risk</i></b> &#8211; Securities of small- and medium-capitalization companies can be more volatile due to various factors&#160;including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines,&#160;than the securities of larger, more established companies. </li> </ul> You could lose money by investing in the Fund. Investment Objective <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Global Alpha Equity&#160;Fund seeks capital appreciation.</p> Portfolio Turnover <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may lead to&#160;higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Total&#160;Annual Fund Operating Expenses" or in the Example above, affect the Fund's performance. During the Fund's most recent fiscal year, the Fund's portfolio turnover rate was 20% of the average value of its portfolio.&#160; </p> 0.20 Principal Investment Strategies <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund seeks to meet its objective by investing in an international portfolio of equities, which include common stock and other equity securities, of issuers&#160;located in countries of developed and emerging markets.&#160; </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. The Fund invests predominantly in a diversified portfolio of securities issued by companies located in countries contained in the MSCI ACWI Index, cash and cash equivalents. The Fund invests in companies whose principal activities are in the U.S., Canada, Latin America, Europe, Australasia, Africa, the Middle East and/or the Far East. The Fund ordinarily invests in securities of issuers located &#160;in at least three different countries. The Fund may hold equity securities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund may invest in issuers of any market capitalization and may participate in initial public offerings (<b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">"IPOs"</b>). &#160; </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The portfolio managers select companies without regard to the MSCI ACWI 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The intended outcome is a diversified portfolio of between 70-120 quality growth companies with the potential to outperform the benchmark over the long-term. The Fund tends to hold securities for long periods (typically 3-5 years), which results in relatively low portfolio turnover and is in line with the Fund's long-term investment outlook. </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">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 may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options. </p> Example of Expenses <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. </p> 68 68 61 61 58 58 53 53 214 214 192 192 183 183 167 167 373 373 335 335 318 318 291 291 835 835 750 750 714 714 653 653 ~ http://bailliegifford.com/20171214/role/ScheduleExpenseExample20121 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_2_3_4_5_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000026149Member row primary compact * ~ ~ http://bailliegifford.com/20171214/role/ScheduleExpenseExampleNoRedemption20122 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_2_3_4_5_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000026149Member row primary compact * ~ Although your actual costs may be higher or lower, based on these assumptions, your expenses would be: Baillie Gifford International Equity Fund BGITX BGIFX BGIUX BGIVX Fees and Expenses <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund. </p> 0.00 0.00 0.00 0.00 0.0035 0.0035 0.0035 0.0035 0.0017 0.0010 0.0007 0.0002 0.0009 0.0009 0.0009 0.0009 0.0061 0.0054 0.0051 0.0046 ~ http://bailliegifford.com/20171214/role/ScheduleShareholderFees20127 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_2_3_4_5_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000012763Member row primary compact * ~ ~ http://bailliegifford.com/20171214/role/ScheduleAnnualFundOperatingExpenses20128 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_2_3_4_5_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000012763Member row primary compact * ~ Shareholder Fees (Fees paid directly from your investment) Class 4 was unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for Class 4 based on the Other Expenses of Class 2 shares. Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment) Performance <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Past performance (before and after taxes) is not an indication of future performance. </p> Annual Total Returns &#8211; Class 2 Shares 0.4776 0.1465 -0.1194 0.2233 0.1535 -0.0293 -0.0189 0.0524 ~ http://bailliegifford.com/20171214/role/ScheduleAnnualTotalReturnsBarChart20131 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_2_3_4_5_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000012763Member column rr_ProspectusShareClassAxis compact ck0001120543_C000034445Member row primary compact * ~ Highest Quarterly Return 0.2636 2009-06-30 Lowest Quarterly Return -0.1939 2011-09-30 <p>Highest Quarterly Return: 26.36% (Q2, 2009)</p> <p>&#xa0;</p> <p>Lowest Quarterly Return: -19.39% (Q3, 2011)</p> <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are shown for Class 2 shares only, and after-tax returns for other Classes will vary. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements.&#160;A description of the Fund's comparative index and details regarding the calculation of the Fund's class-by-class performance are provided in the section of the Prospectus entitled "Additional Performance Information". </p> 0.0524 0.0718 0.0297 0.0470 0.0646 0.0233 0.0368 0.0547 0.0211 0.0531 0.0726 0.0334 0.0524 0.0718 0.0297 0.0540 0.0727 0.0301 0.0501 0.0548 0.0130 2008-02-07 2010-09-01 2014-04-07 2008-02-07 2008-02-07 ~ http://bailliegifford.com/20171214/role/ScheduleAverageAnnualReturnsTransposed20132 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_2_3_4_5_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000012763Member column rr_PerformanceMeasureAxis compact * row primary compact * ~ <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">Updated information on the Fund's investment performance can be obtained by visiting http://USmutualfund.bailliegifford.com. </p> After-tax returns are shown for Class 2 shares only, and after-tax returns for other Classes will vary. Past performance (before and after taxes) is not an indication of future performance. http://USmutualfund.bailliegifford.com In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements. (reflects no deduction for fees, expenses, or taxes) The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Average Annual Total Returns for Periods Ended December 31, 2016 Principal Risks <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You may consequently lose money by investing in the Fund. </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The principal risks of investing in the&#160;Fund (in alphabetical order) are:</p> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Currency and Currency Hedging Risk</i></b> &#8211; The Fund could lose value&#160;if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value.&#160;A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Emerging Markets Risk</i></b> &#8211; To the extent the Fund invests in emerging market securities, the Fund may be exposed to greater market, credit, currency, liquidity, legal, political, technical and other risks different from, or greater than, the risks of investing in developed markets. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Equity Securities Risk</i></b> &#8211; Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Focused Investment Risk</i></b> &#8211; Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Growth Stock Risk</i></b> &#8211; The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Information Technology Risk</i></b> &#8211; Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">IPO&#160;Risk</i></b> &#8211; The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Large Capitalization Securities Risk</i></b> &#8211; Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or&#160;maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Liquidity Risk</i></b> &#8211; The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Long-Term Investment Strategy Risk</i></b> &#8211; The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term. &#160;An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Market Disruption and Geopolitical Risk</i></b> &#8211; The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Market Risk</i></b> &#8211; The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Non-U.S. Investment Risk</i></b> &#8211; Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Service Provider Risk</i></b> &#8211; The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Settlement Risk</i></b> &#8211; The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities,&#160;or prevent the Fund from selling securities at times and prices it considers desirable. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Small- and Medium-Capitalization Securities Risk</i></b> &#8211; Securities of small- and medium-capitalization companies can be more volatile due to various factors&#160;including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines,&#160;than the securities of larger, more established companies. </li> </ul> You may consequently lose money by investing in the Fund. Investment Objective <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The International Equity Fund seeks capital appreciation.</p> Portfolio Turnover <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Total&#160;Annual Fund Operating Expenses" or in the Example above, affect the Fund's performance. During the Fund's most recent fiscal year, the Fund's portfolio turnover rate was 12% of the average value of its portfolio. </p> 0.12 Principal Investment Strategies <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund seeks to meet its objective by investing in an international portfolio of equities, which include common stock and other equity securities,&#160;of issuers located in countries of developed and emerging markets.&#160; </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">Under normal circumstances, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in common stocks and other equity securities. The Fund invests predominantly in securities issued by companies located in countries contained in the MSCI ACWI (ex U.S.) Index, which includes issuers from a range of developed and emerging market countries. The Fund ordinarily invests in securities of issuers located in at least three countries outside the U.S. The Fund may hold equity securities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund may invest in issuers of any market capitalization and may participate in initial public offerings (<b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">"IPOs"</b>). &#160; </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The portfolio managers principally select companies without regard to the MSCI ACWI (ex U.S.) 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation.&#160;The intended outcome is a diversified portfolio of between 70-110 quality growth companies with the potential to outperform the benchmark over the long-term. The Fund tends to hold securities for long periods (typically 3-5 years), which results in relatively low portfolio turnover and is in line with the Fund's long-term investment outlook. </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">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 may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options. </p> Example of Expenses <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. </p> 62 62 55 55 52 52 47 47 195 195 173 173 164 164 148 148 340 340 302 302 285 285 258 258 762 762 677 677 640 640 579 579 ~ http://bailliegifford.com/20171214/role/ScheduleExpenseExample20129 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_2_3_4_5_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000012763Member row primary compact * ~ ~ http://bailliegifford.com/20171214/role/ScheduleExpenseExampleNoRedemption20130 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_2_3_4_5_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000012763Member row primary compact * ~ Although your actual costs may be higher or lower, based on these assumptions, your expenses would be: Baillie Gifford The Long Term Global Growth Equity Fund BGLTX BGLOX BGLFX BGADX Fees and Expenses <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund. </p> 0.00 0.00 0.00 0.00 0.0045 0.0045 0.0045 0.0045 0.0017 0.0010 0.0007 0.0002 0.0025 0.0025 0.0024 0.0025 0.0087 0.0080 0.0076 0.0072 -0.0010 -0.0010 -0.0009 -0.0010 0.0077 0.0070 0.0067 0.0062 ~ http://bailliegifford.com/20171214/role/ScheduleShareholderFees20135 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_2_3_4_5_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000046079Member row primary compact * ~ ~ http://bailliegifford.com/20171214/role/ScheduleAnnualFundOperatingExpenses20136 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_2_3_4_5_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000046079Member row primary compact * ~ Shareholder Fees (Fees paid directly from your investment) 2018-04-30 Classes 3 and 5 were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for these Classes based on the Other Expenses of Class 2 shares. Classes 3 and 5 were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for these Classes based on the Other Expenses of Class 2 shares. Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment) Performance <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Past performance (before and after taxes) is not an indication of future performance. </p> Annual Total Returns &#8211; Class 2 Shares 0.1399 -0.0380 ~ http://bailliegifford.com/20171214/role/ScheduleAnnualTotalReturnsBarChart20139 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_2_3_4_5_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000046079Member column rr_ProspectusShareClassAxis compact ck0001120543_C000144091Member row primary compact * ~ Highest Quarterly Return 0.1447 2015-12-31 Lowest Quarterly Return -0.0975 2015-09-30 <p>Highest Quarterly Return: 14.47% (Q4, 2015)</p> <p>&#xa0;</p> <p>Lowest Quarterly Return: -9.75% (Q3, 2015)</p> <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are shown for Class 2 shares only, and after-tax returns for other Classes will vary. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements.&#160;A description of the Fund's comparative index and details regarding the calculation of the Fund's class-by-class performance are provided in the section of the Prospectus entitled "Additional Performance Information". </p> -0.0380 0.0542 -0.0393 0.0522 -0.0204 0.0414 -0.0380 0.0542 -0.0371 0.0547 -0.0380 0.0542 0.0848 0.0200 2014-06-10 2014-06-10 2015-10-06 2014-06-10 2014-06-10 ~ http://bailliegifford.com/20171214/role/ScheduleAverageAnnualReturnsTransposed20140 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_2_3_4_5_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000046079Member column rr_PerformanceMeasureAxis compact * row primary compact * ~ <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">Updated information on the Fund's investment performance can be obtained by visiting http://USmutualfund.bailliegifford.com. </p> After-tax returns are shown for Class 2 shares only, and after-tax returns for other Classes will vary. Past performance (before and after taxes) is not an indication of future performance. http://USmutualfund.bailliegifford.com In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements. (reflects no deduction for fees, expenses, or taxes) The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Average Annual Total Returns for Periods Ended December 31, 2016 Principal Risks <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You may consequently lose money by investing in the Fund. </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The principal risks of investing in the&#160;Fund are:</p> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Currency and Currency Hedging Risk</i></b> &#8211; The Fund could lose value&#160;if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value.&#160;A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Emerging Markets Risk</i></b> &#8211; To the extent the Fund invests in emerging market securities, the Fund may be exposed to greater market, credit, currency, liquidity, legal, political, technical and other risks different from, or greater than, the risks of investing in developed markets. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Equity Securities Risk</i></b> &#8211; Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Focused Investment Risk</i></b> &#8211; Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Growth Stock Risk</i></b> &#8211; The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Information Technology Risk</i></b> &#8211; Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">IPO&#160;Risk</i></b> &#8211; The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Large Capitalization Securities Risk</i></b> &#8211; Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or&#160;maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Liquidity Risk</i></b> &#8211; The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Long-Term Investment Strategy Risk</i></b> &#8211; The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term. &#160;An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Market Disruption and Geopolitical Risk</i></b> &#8211; The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Market Risk</i></b> &#8211; The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Non-Diversification Risk</i></b> &#8211; Certain Funds are&#160;classified as "non-diversified" funds. A non-diversified Fund may hold a smaller number of portfolio securities, with larger positions in each security it holds, than many other mutual funds. To the extent a&#160;Fund invests in a relatively small number of issuers, a decline in the market value of a particular security held by the Fund may affect its value more than if it invested in a larger number of issuers. The value of such&#160;Fund's shares may be more volatile than the values of shares of more diversified funds. <i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">See&#160;also "Focused Investment Risk."</i></li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Non-U.S. Investment Risk</i></b> &#8211; Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Service Provider Risk</i></b> &#8211; The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Settlement Risk</i></b> &#8211; The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities,&#160;or prevent the Fund from selling securities at times and prices it considers desirable. </li> </ul> <br/><ul style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin-top:0;margin-bottom:10px"> <li style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box"><i style="-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">Small- and Medium-Capitalization Securities Risk</i></b> &#8211; Securities of small- and medium-capitalization companies can be more volatile due to various factors&#160;including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines,&#160;than the securities of larger, more established companies. </li> </ul> 1. Non-Diversification Risk &#8211; Certain Funds are classified as "non-diversified" funds. A non-diversified Fund may hold a smaller number of portfolio securities, with larger positions in each security it holds, than many other mutual funds. To the extent a Fund invests in a relatively small number of issuers, a decline in the market value of a particular security held by the Fund may affect its value more than if it invested in a larger number of issuers. The value of such Fund's shares may be more volatile than the values of shares of more diversified funds. See also "Focused Investment Risk." You may consequently lose money by investing in the Fund. Investment Objective <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Long Term Global Growth Equity Fund seeks to provide long-term capital appreciation.</p> Portfolio Turnover <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Total Annual Fund Operating Expenses" or in the Example above, affect the Fund's performance. During the Fund's most recent fiscal year, the Fund's portfolio turnover rate was 15%&#160;of the average value of its portfolio. </p> 0.15 Principal Investment Strategies <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund seeks to meet its objective by investing in a portfolio of global equity securities, which include common stock and other equity securities,&#160;without reference to benchmark constraints. </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. While the portfolio managers are not constrained by geographic limitations, the Fund ordinarily invests in securities of issuers located in at least six different countries. In addition, under normal&#160;circumstances, the Fund will invest at least 40% of its total&#160;assets in securities of companies located outside the U.S.&#160;when market conditions are favorable, but, when market&#160;conditions are not favorable, will invest at least 30% of its&#160;total assets in companies located outside the U.S. The Fund may invest in issuers located in emerging markets. </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The Fund may hold equity securities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund typically invests primarily in issuers with a market capitalization of more than $2 billion and may participate in initial public offerings (<b style="font-weight:700;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box">"IPOs"</b>). </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The portfolio managers select investments without regard to the geographic, industry, sector, or individual company weightings on any index. 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The portfolio managers generally select securities of between 30-60 quality growth companies. The Fund is a non-diversified fund, which means that it may invest a relatively large percentage of its assets in a small number of issuers, industries or sectors. The Fund tends to hold securities for long periods (typically 5-10 years), which results in relatively low portfolio turnover and is in line with the Fund's long-term investment outlook. </p> <br/><p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">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 may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options. </p> Example of Expenses <p style="font-size: 14px;font-family: &#34;Helvetica Neue&#34;,Helvetica,Arial,sans-serif;-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box;margin:0 0 10px">The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. The example below also applies any contractual expense waivers and/or expense reimbursements to the first year of each period listed in the table. </p> 79 79 72 72 68 68 63 63 268 268 245 245 234 234 220 220 472 472 434 434 414 414 391 391 1063 1063 980 980 934 934 885 885 ~ http://bailliegifford.com/20171214/role/ScheduleExpenseExample20137 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_2_3_4_5_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000046079Member row primary compact * ~ ~ http://bailliegifford.com/20171214/role/ScheduleExpenseExampleNoRedemption20138 column dei_DocumentInformationDocumentAxis compact ck0001120543_doc_Class_2_3_4_5_ProspectusMember column dei_LegalEntityAxis compact ck0001120543_S000046079Member row primary compact * ~ Although your actual costs may be higher or lower, based on these assumptions, your expenses would be: EX-101.SCH 3 ck0001120543-20171214.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 000001 - Document - 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Document and Entity Information
Total
Prospectus:  
Document Type 497
Document Period End Date Dec. 31, 2016
Registrant Name BAILLIE GIFFORD FUNDS
Central Index Key 0001120543
Amendment Flag false
Document Creation Date Dec. 14, 2017
Document Effective Date Dec. 14, 2017
Prospectus Date Dec. 13, 2017
Class K & Institutional Class Prospectus | Baillie Gifford The Asia Ex Japan Fund | Institutional Class  
Prospectus:  
Trading Symbol BSASX
Class K & Institutional Class Prospectus | Baillie Gifford The Asia Ex Japan Fund | Class K  
Prospectus:  
Trading Symbol BASKX
Class K & Institutional Class Prospectus | Baillie Gifford EAFE Fund | Institutional Class  
Prospectus:  
Trading Symbol BGESX
Class K & Institutional Class Prospectus | Baillie Gifford EAFE Fund | Class K  
Prospectus:  
Trading Symbol BGEKX
Class K & Institutional Class Prospectus | Baillie Gifford EAFE Choice Fund | Institutional Class  
Prospectus:  
Trading Symbol BGCSX
Class K & Institutional Class Prospectus | Baillie Gifford EAFE Choice Fund | Class K  
Prospectus:  
Trading Symbol BKGCX
Class K & Institutional Class Prospectus | Baillie Gifford EAFE Pure Fund | Institutional Class  
Prospectus:  
Trading Symbol BSGPX
Class K & Institutional Class Prospectus | Baillie Gifford EAFE Pure Fund | Class K  
Prospectus:  
Trading Symbol BGPKX
Class K & Institutional Class Prospectus | Baillie Gifford Emerging Markets Fund | Institutional Class  
Prospectus:  
Trading Symbol BGEGX
Class K & Institutional Class Prospectus | Baillie Gifford Emerging Markets Fund | Class K  
Prospectus:  
Trading Symbol BGKEX
Class K & Institutional Class Prospectus | Baillie Gifford Global Alpha Equity Fund | Class K  
Prospectus:  
Trading Symbol BGAKX
Class K & Institutional Class Prospectus | Baillie Gifford Global Alpha Equity Fund | Institutional Class  
Prospectus:  
Trading Symbol BGASX
Class K & Institutional Class Prospectus | Baillie Gifford Global Select Equity Fund | Institutional Class  
Prospectus:  
Trading Symbol BGSSX
Class K & Institutional Class Prospectus | Baillie Gifford Global Select Equity Fund | Class K  
Prospectus:  
Trading Symbol BGSKX
Class K & Institutional Class Prospectus | Baillie Gifford International Concentrated Growth Fund | Institutional Class  
Prospectus:  
Trading Symbol BTLSX
Class K & Institutional Class Prospectus | Baillie Gifford International Concentrated Growth Fund | Class K  
Prospectus:  
Trading Symbol BTLKX
Class K & Institutional Class Prospectus | Baillie Gifford International Equity Fund | Institutional Class  
Prospectus:  
Trading Symbol BINSX
Class K & Institutional Class Prospectus | Baillie Gifford International Equity Fund | Class K  
Prospectus:  
Trading Symbol BGIKX
Class K & Institutional Class Prospectus | Baillie Gifford The Long Term Global Growth Equity Fund | Institutional Class  
Prospectus:  
Trading Symbol BSGLX
Class K & Institutional Class Prospectus | Baillie Gifford The Long Term Global Growth Equity Fund | Class K  
Prospectus:  
Trading Symbol BGLKX
Class K & Institutional Class Prospectus | Baillie Gifford Positive Change Equity Fund | Institutional Class  
Prospectus:  
Trading Symbol BPESX
Class K & Institutional Class Prospectus | Baillie Gifford Positive Change Equity Fund | Class K  
Prospectus:  
Trading Symbol BPEKX
Class K & Institutional Class Prospectus | Baillie Gifford U.S. Equity Growth Fund | Institutional Class  
Prospectus:  
Trading Symbol BGGSX
Class K & Institutional Class Prospectus | Baillie Gifford U.S. Equity Growth Fund | Class K  
Prospectus:  
Trading Symbol BGGKX
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford EAFE Fund | Class 2  
Prospectus:  
Trading Symbol BGETX
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford EAFE Fund | Class 3  
Prospectus:  
Trading Symbol BGEUX
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford EAFE Fund | Class 4  
Prospectus:  
Trading Symbol BGEFX
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford EAFE Fund | Class 5  
Prospectus:  
Trading Symbol BGEVX
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford EAFE Choice Fund | Class 2  
Prospectus:  
Trading Symbol BGCWX
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford EAFE Choice Fund | Class 3  
Prospectus:  
Trading Symbol BGCJX
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford EAFE Choice Fund | Class 4  
Prospectus:  
Trading Symbol BGCLX
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford EAFE Choice Fund | Class 5  
Prospectus:  
Trading Symbol BGCVX
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford EAFE Pure Fund | Class 2  
Prospectus:  
Trading Symbol BGPTX
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford EAFE Pure Fund | Class 3  
Prospectus:  
Trading Symbol BGPFX
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford EAFE Pure Fund | Class 4  
Prospectus:  
Trading Symbol BGPWX
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford EAFE Pure Fund | Class 5  
Prospectus:  
Trading Symbol BGPVX
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford Emerging Markets Fund | Class 5  
Prospectus:  
Trading Symbol BGEDX
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford Emerging Markets Fund | Class 2  
Prospectus:  
Trading Symbol BGEHX
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford Emerging Markets Fund | Class 3  
Prospectus:  
Trading Symbol BGELX
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford Emerging Markets Fund | Class 4  
Prospectus:  
Trading Symbol BGEPX
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford Global Alpha Equity Fund | Class 3  
Prospectus:  
Trading Symbol BGAEX
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford Global Alpha Equity Fund | Class 2  
Prospectus:  
Trading Symbol BGATX
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford Global Alpha Equity Fund | Class 4  
Prospectus:  
Trading Symbol BGALX
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford Global Alpha Equity Fund | Class 5  
Prospectus:  
Trading Symbol BGAVX
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford International Equity Fund | Class 2  
Prospectus:  
Trading Symbol BGITX
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford International Equity Fund | Class 3  
Prospectus:  
Trading Symbol BGIFX
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford International Equity Fund | Class 4  
Prospectus:  
Trading Symbol BGIUX
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford International Equity Fund | Class 5  
Prospectus:  
Trading Symbol BGIVX
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford The Long Term Global Growth Equity Fund | Class 2  
Prospectus:  
Trading Symbol BGLTX
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford The Long Term Global Growth Equity Fund | Class 3  
Prospectus:  
Trading Symbol BGLOX
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford The Long Term Global Growth Equity Fund | Class 4  
Prospectus:  
Trading Symbol BGLFX
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford The Long Term Global Growth Equity Fund | Class 5  
Prospectus:  
Trading Symbol BGADX
XML 11 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Class K & Institutional Class Prospectus | Baillie Gifford The Asia Ex Japan Fund
Baillie Gifford The Asia Ex Japan Fund
Investment Objective

The Asia Ex Japan Fund seeks capital appreciation.

Fees and Expenses

The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees (Fees paid directly from your investment)
Shareholder Fees - Class K & Institutional Class Prospectus - Baillie Gifford The Asia Ex Japan Fund - USD ($)
Class K
Institutional Class
Shareholder Fees (Fees paid directly from your investment) none none
Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - Class K & Institutional Class Prospectus - Baillie Gifford The Asia Ex Japan Fund
Class K
Institutional Class
Management Fees [1] 0.72% 0.72%
Distribution and/or 12b-1 Fees none none
Other Expenses [2] 0.58% 0.73%
Total Annual Fund Operating Expenses 1.30% 1.45%
Fee Waiver and/or Expense Reimbursement [3] (0.43%) (0.43%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 0.87% 1.02%
[1] The Management Fee consists of an Advisory Fee and an Administration and Supervisory Fee paid by the Fund to Baillie Gifford Overseas Limited (the "Manager").
[2] Class K and Institutional Class were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for the current fiscal year based on estimated Fund assets of $25 million, the minimum initial investment amount for Class K shares.
[3] The Manager has contractually agreed to waive its fees and/or bear other expenses of The Asia Ex Japan Fund through April 30, 2018 to the extent that such Fund's Total Annual Fund Operating Expenses (excluding interest, taxes and extraordinary expenses) exceed 0.87% for Class K shares and 1.02% for Institutional Class shares. The contractual agreement may only be terminated by the Board of Trustees of the Trust.
Example of Expenses

The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. The example below also applies any contractual expense waivers and/or expense reimbursements to the first year of each period listed in the table.

Although your actual costs may be higher or lower, based on these assumptions, your expenses would be:
Expense Example - Class K & Institutional Class Prospectus - Baillie Gifford The Asia Ex Japan Fund - USD ($)
Class K
Institutional Class
1 Year $ 89 $ 104
3 Years $ 370 $ 416
Expense Example No Redemption - Class K & Institutional Class Prospectus - Baillie Gifford The Asia Ex Japan Fund - USD ($)
Class K
Institutional Class
1 Year $ 89 $ 104
3 Years $ 370 $ 416
Portfolio Turnover

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Total Annual Fund Operating Expenses" or in the Example above, affect the Fund's performance. Because the Fund has not commenced operations, it does not have a portfolio turnover rate.

Principal Investment Strategies

The Fund will seek to meet its objective by investing in a portfolio of common stocks and other equity securities of issuers located in Asia (excluding Japan) and including the Indian subcontinent.


Under normal circumstances, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in securities of companies located in countries contained in the MSCI All Country Asia Ex Japan Index. The MSCI All Country Asia Ex Japan Index includes large-cap, mid-cap, and small-cap issuers from a variety of countries including China, Hong Kong, India, Indonesia, Malaysia, the Philippines, Singapore, South Korea, Taiwan, and Thailand. The economies of many of these countries are considered emerging market economies, and some may be considered frontier markets. The Fund may hold equity securities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund may invest in issuers of any market capitalization and may participate in initial public offerings ("IPOs").


The portfolio managers select companies without regard to the MSCI All Country Asia Ex Japan 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The intended outcome is a diversified portfolio of between 50-100 quality growth companies with the potential to outperform the benchmark over the long-term. The Fund tends to hold securities for long periods (typically 3-5 years), which results in relatively low portfolio turnover and is in line with the Fund's 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 may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options.

Principal Risks

The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You could lose money by investing in the Fund.


The principal risks of investing in this Fund (in alphabetical order) are:


  • Asia Risk – Many of the economies of countries in Asia are considered emerging market economies. Countries in Asia can be reliant on only a few industries or commodities. Many Asian economies are characterized by high inflation, undeveloped financial service sectors, frequent currency fluctuations, devaluations, or restrictions, political and social instability, and less efficient markets. The economies of many Asian countries are heavily dependent on international trade and can be adversely affected by trade barriers, exchange controls and other measures imposed or negotiated by the countries with which they trade.

  • Currency and Currency Hedging Risk – The Fund could lose value if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value. A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains.

  • Emerging Markets Risk – To the extent the Fund invests in emerging market securities, the Fund may be exposed to greater market, credit, currency, liquidity, legal, political, technical and other risks different from, or greater than, the risks of investing in developed markets.

  • Equity Securities Risk – Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer.

  • Focused Investment Risk – Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused.

  • Frontier Markets Risk – Investments in frontier markets may be more volatile and less liquid than investments in more developed markets or in other emerging market countries. Emerging markets risk may be especially heightened in frontier markets.

  • Growth Stock Risk – The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors.

  • Information Technology Risk – Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations.

  • IPO Risk – The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile.

  • Large Capitalization Securities Risk – Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies.

  • Liquidity Risk – The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments.

  • Long-Term Investment Strategy Risk – The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term.  An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses.

  • Market Disruption and Geopolitical Risk – The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions.

  • Market Risk – The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares.

  • Non-U.S. Investment Risk – Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S.

  • Service Provider Risk – The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund.

  • Settlement Risk – The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities, or prevent the Fund from selling securities at times and prices it considers desirable.

  • Small- and Medium-Capitalization Securities Risk – Securities of small- and medium-capitalization companies can be more volatile due to various factors including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines, than the securities of larger, more established companies.
Performance

The Fund had not commenced operations as of December 31, 2016. Accordingly, performance data is not included. When performance data becomes available, it will be posted to the following website: http://USmutualfund.bailliegifford.com. Past performance (before and after taxes) is not an indication of future performance.

XML 12 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
Label Element Value
Class K & Institutional Class Prospectus | Baillie Gifford The Asia Ex Japan Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Baillie Gifford The Asia Ex Japan Fund
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Asia Ex Japan Fund seeks capital appreciation.

Expense [Heading] rr_ExpenseHeading Fees and Expenses
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (Fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination Apr. 30, 2018
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Total Annual Fund Operating Expenses" or in the Example above, affect the Fund's performance. Because the Fund has not commenced operations, it does not have a portfolio turnover rate.

Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Class K and Institutional Class were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for the current fiscal year based on estimated Fund assets of $25 million, the minimum initial investment amount for Class K shares.
Expense Example [Heading] rr_ExpenseExampleHeading Example of Expenses
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. The example below also applies any contractual expense waivers and/or expense reimbursements to the first year of each period listed in the table.

Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption Although your actual costs may be higher or lower, based on these assumptions, your expenses would be:
Strategy [Heading] rr_StrategyHeading Principal Investment Strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund will seek to meet its objective by investing in a portfolio of common stocks and other equity securities of issuers located in Asia (excluding Japan) and including the Indian subcontinent.


Under normal circumstances, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in securities of companies located in countries contained in the MSCI All Country Asia Ex Japan Index. The MSCI All Country Asia Ex Japan Index includes large-cap, mid-cap, and small-cap issuers from a variety of countries including China, Hong Kong, India, Indonesia, Malaysia, the Philippines, Singapore, South Korea, Taiwan, and Thailand. The economies of many of these countries are considered emerging market economies, and some may be considered frontier markets. The Fund may hold equity securities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund may invest in issuers of any market capitalization and may participate in initial public offerings ("IPOs").


The portfolio managers select companies without regard to the MSCI All Country Asia Ex Japan 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The intended outcome is a diversified portfolio of between 50-100 quality growth companies with the potential to outperform the benchmark over the long-term. The Fund tends to hold securities for long periods (typically 3-5 years), which results in relatively low portfolio turnover and is in line with the Fund's 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 may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options.

Risk [Heading] rr_RiskHeading Principal Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You could lose money by investing in the Fund.


The principal risks of investing in this Fund (in alphabetical order) are:


  • Asia Risk – Many of the economies of countries in Asia are considered emerging market economies. Countries in Asia can be reliant on only a few industries or commodities. Many Asian economies are characterized by high inflation, undeveloped financial service sectors, frequent currency fluctuations, devaluations, or restrictions, political and social instability, and less efficient markets. The economies of many Asian countries are heavily dependent on international trade and can be adversely affected by trade barriers, exchange controls and other measures imposed or negotiated by the countries with which they trade.

  • Currency and Currency Hedging Risk – The Fund could lose value if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value. A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains.

  • Emerging Markets Risk – To the extent the Fund invests in emerging market securities, the Fund may be exposed to greater market, credit, currency, liquidity, legal, political, technical and other risks different from, or greater than, the risks of investing in developed markets.

  • Equity Securities Risk – Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer.

  • Focused Investment Risk – Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused.

  • Frontier Markets Risk – Investments in frontier markets may be more volatile and less liquid than investments in more developed markets or in other emerging market countries. Emerging markets risk may be especially heightened in frontier markets.

  • Growth Stock Risk – The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors.

  • Information Technology Risk – Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations.

  • IPO Risk – The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile.

  • Large Capitalization Securities Risk – Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies.

  • Liquidity Risk – The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments.

  • Long-Term Investment Strategy Risk – The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term.  An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses.

  • Market Disruption and Geopolitical Risk – The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions.

  • Market Risk – The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares.

  • Non-U.S. Investment Risk – Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S.

  • Service Provider Risk – The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund.

  • Settlement Risk – The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities, or prevent the Fund from selling securities at times and prices it considers desirable.

  • Small- and Medium-Capitalization Securities Risk – Securities of small- and medium-capitalization companies can be more volatile due to various factors including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines, than the securities of larger, more established companies.
Risk Lose Money [Text] rr_RiskLoseMoney You could lose money by investing in the Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The Fund had not commenced operations as of December 31, 2016. Accordingly, performance data is not included. When performance data becomes available, it will be posted to the following website: http://USmutualfund.bailliegifford.com. Past performance (before and after taxes) is not an indication of future performance.

Performance One Year or Less [Text] rr_PerformanceOneYearOrLess The Fund had not commenced operations as of December 31, 2016. Accordingly, performance data is not included.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress http://USmutualfund.bailliegifford.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance (before and after taxes) is not an indication of future performance.
Class K & Institutional Class Prospectus | Baillie Gifford The Asia Ex Japan Fund | Class K  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Management Fees rr_ManagementFeesOverAssets 0.72% [1]
Distribution and/or 12b-1 Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.58% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.30%
Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.43%) [3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.87%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 89
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 370
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 89
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 370
Class K & Institutional Class Prospectus | Baillie Gifford The Asia Ex Japan Fund | Institutional Class  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Management Fees rr_ManagementFeesOverAssets 0.72% [1]
Distribution and/or 12b-1 Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.73% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.45%
Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.43%) [3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 1.02%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 104
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 416
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 104
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 $ 416
[1] The Management Fee consists of an Advisory Fee and an Administration and Supervisory Fee paid by the Fund to Baillie Gifford Overseas Limited (the "Manager").
[2] Class K and Institutional Class were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for the current fiscal year based on estimated Fund assets of $25 million, the minimum initial investment amount for Class K shares.
[3] The Manager has contractually agreed to waive its fees and/or bear other expenses of The Asia Ex Japan Fund through April 30, 2018 to the extent that such Fund's Total Annual Fund Operating Expenses (excluding interest, taxes and extraordinary expenses) exceed 0.87% for Class K shares and 1.02% for Institutional Class shares. The contractual agreement may only be terminated by the Board of Trustees of the Trust.
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Class K & Institutional Class Prospectus | Baillie Gifford EAFE Fund
Baillie Gifford EAFE Fund
Investment Objective

The EAFE Fund seeks capital appreciation.

Fees and Expenses

The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees (Fees paid directly from your investment)
Shareholder Fees - Class K & Institutional Class Prospectus - Baillie Gifford EAFE Fund - USD ($)
Class K
Institutional Class
Shareholder Fees (Fees paid directly from your investment) none none
Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - Class K & Institutional Class Prospectus - Baillie Gifford EAFE Fund
Class K
Institutional Class
Management Fees [1] 0.52% 0.52%
Distribution and/or 12b-1 Fees none none
Other Expenses [2] 0.09% 0.24%
Total Annual Fund Operating Expenses 0.61% 0.76%
[1] The Management Fee consists of an Advisory Fee and an Administration and Supervisory Fee paid by the Fund to Baillie Gifford Overseas Limited (the "Manager"). Management Fees have been restated to reflect current fees, including the effects of Advisory Fee breakpoints as applied to the average daily net assets of the Fund over the prior fiscal year.
[2] Class K and Institutional Class were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for these share classes based on the Other Expenses of Class 2 shares. Class 2 shares are not offered under this Prospectus and are currently closed to new investors.
Example of Expenses

The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same.

Although your actual costs may be higher or lower, based on these assumptions, your expenses would be:
Expense Example - Class K & Institutional Class Prospectus - Baillie Gifford EAFE Fund - USD ($)
Class K
Institutional Class
1 Year $ 62 $ 78
3 Years 195 243
5 Years 340 422
10 Years $ 762 $ 942
Expense Example No Redemption - Class K & Institutional Class Prospectus - Baillie Gifford EAFE Fund - USD ($)
Class K
Institutional Class
1 Year $ 62 $ 78
3 Years 195 243
5 Years 340 422
10 Years $ 762 $ 942
Portfolio Turnover

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Total Annual Fund Operating Expenses" or in the Example above, affect the Fund's performance. During the Fund's most recent fiscal year, the Fund's portfolio turnover rate was 18% of the average value of its portfolio.

Principal Investment Strategies

The Fund seeks to meet its objective by investing in a diversified, international portfolio of common stocks and other equity securities of issuers located in countries of developed and emerging markets. 


Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in common stocks and other equity securities of companies that are included in the MSCI EAFE Index or whose principal activities are in Europe, Australasia and/or the Far East. The Fund may additionally invest in up to 10% of its net assets in common stocks and other equities of companies located in North America. The Fund may hold equities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund may invest in issuers of any market capitalization and may participate in initial public offerings ("IPOs"). In selecting companies for investment, the portfolio managers generally consider issuers in both developed and emerging markets. 


The portfolio managers select companies without regard to the MSCI EAFE 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The intended outcome is a diversified portfolio of between 50-60 quality growth companies with the potential to outperform the benchmark over the long-term. The Fund tends to hold securities for long periods (typically 3-5 years), which results in relatively low portfolio turnover and is in line with the Fund's long-term investment outlook.


The Fund may invest without limitation in securities denominated in securities quoted or denominated in currencies other than the U.S. dollar and may hold such currencies. The Fund may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options.

Principal Risks

The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You could lose money by investing in the Fund.


The principal risks of investing in the Fund (in alphabetical order) are:


  • Currency and Currency Hedging Risk – The Fund could lose value if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value. A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains.

  • Emerging Markets Risk – To the extent the Fund invests in emerging market securities, the Fund may be exposed to greater market, credit, currency, liquidity, legal, political, technical and other risks different from, or greater than, the risks of investing in developed markets.

  • Equity Securities Risk – Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer.

  • Focused Investment Risk – Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused.

  • Growth Stock Risk – The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors.

  • Information Technology Risk – Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations.

  • IPO Risk – The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile.

  • Large Capitalization Securities Risk – Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies.

  • Liquidity Risk – The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments.

  • Long-Term Investment Strategy Risk – The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term.  An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses.

  • Market Disruption and Geopolitical Risk – The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions.

  • Market Risk – The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares.

  • Non-U.S. Investment Risk – Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S.

  • Service Provider Risk – The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund.

  • Settlement Risk – The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities, or prevent the Fund from selling securities at times and prices it considers desirable.

  • Small- and Medium-Capitalization Securities Risk – Securities of small- and medium-capitalization companies can be more volatile due to various factors including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines, than the securities of larger, more established companies.
Performance

The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Past performance (before and after taxes) is not an indication of future performance.

Annual Total Returns – Class 2 Shares(1)
Bar Chart

 (1) Class 2 shares are not offered under this Prospectus and are currently closed to new investors. Class K and Institutional Class shares would have substantially similar returns because the shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that the classes do not have the same expenses. Class K shares are generally expected to incur expenses equal to or higher than the expenses of Class 2 shares, and Institutional Class shares are generally expected to incur higher expenses than Class 2 shares.

Highest Quarterly Return: 27.36% (Q2, 2009)

 

Lowest Quarterly Return: -21.66% (Q3, 2011)

Average Annual Total Returns for Periods Ended December 31, 2016

In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are shown for Class 2 shares only, and after-tax returns for other Classes will vary. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements. A description of the Fund's comparative index and details regarding the calculation of the Fund's class-by-class performance are provided in the section of the Prospectus entitled "Additional Performance Information".

Average Annual Returns - Class K & Institutional Class Prospectus - Baillie Gifford EAFE Fund
Average Annual Returns, 1 Year
Average Annual Returns, 5 Years
Average Annual Returns, Since Inception
Average Annual Returns, Inception Date
Class 2 1.34% 6.92% 2.48% Mar. 06, 2008
Class K 1.34% [1] 6.92% [1] 2.48% [1] Mar. 06, 2008
Institutional Class 1.19% [1] 6.76% [1] 2.33% [1] Mar. 06, 2008
After Taxes on Distributions | Class 2 0.15% 6.06% 1.79%  
After Taxes on Distributions and Sale of Fund Shares | Class 2 1.92% 5.33% 1.77%  
MSCI EAFE Index 1.51% [2] 7.01% [2] 1.23% [2] Mar. 06, 2008
[1] Performance figures for Class K and Institutional Class shares, which have been operational for less than a full calendar year as of the date of this Prospectus, are derived from the historical performance of Class 2 shares. Performance figures for Institutional Class shares have been adjusted for the higher total annual operating expenses expected to be incurred by Institutional Class shares.
[2] The source of the index data is MSCI Inc. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.

Updated information on the Fund's investment performance can be obtained by visiting http://USmutualfund.bailliegifford.com.

XML 15 R15.htm IDEA: XBRL DOCUMENT v3.8.0.1
Label Element Value
Class K & Institutional Class Prospectus | Baillie Gifford EAFE Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Baillie Gifford EAFE Fund
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The EAFE Fund seeks capital appreciation.

Expense [Heading] rr_ExpenseHeading Fees and Expenses
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (Fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Total Annual Fund Operating Expenses" or in the Example above, affect the Fund's performance. During the Fund's most recent fiscal year, the Fund's portfolio turnover rate was 18% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 18.00%
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Class K and Institutional Class were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for these share classes based on the Other Expenses of Class 2 shares. Class 2 shares are not offered under this Prospectus and are currently closed to new investors.
Expenses Restated to Reflect Current [Text] rr_ExpensesRestatedToReflectCurrent Management Fees have been restated to reflect current fees, including the effects of Advisory Fee breakpoints as applied to the average daily net assets of the Fund over the prior fiscal year.
Expense Example [Heading] rr_ExpenseExampleHeading Example of Expenses
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same.

Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption Although your actual costs may be higher or lower, based on these assumptions, your expenses would be:
Strategy [Heading] rr_StrategyHeading Principal Investment Strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund seeks to meet its objective by investing in a diversified, international portfolio of common stocks and other equity securities of issuers located in countries of developed and emerging markets. 


Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in common stocks and other equity securities of companies that are included in the MSCI EAFE Index or whose principal activities are in Europe, Australasia and/or the Far East. The Fund may additionally invest in up to 10% of its net assets in common stocks and other equities of companies located in North America. The Fund may hold equities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund may invest in issuers of any market capitalization and may participate in initial public offerings ("IPOs"). In selecting companies for investment, the portfolio managers generally consider issuers in both developed and emerging markets. 


The portfolio managers select companies without regard to the MSCI EAFE 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The intended outcome is a diversified portfolio of between 50-60 quality growth companies with the potential to outperform the benchmark over the long-term. The Fund tends to hold securities for long periods (typically 3-5 years), which results in relatively low portfolio turnover and is in line with the Fund's long-term investment outlook.


The Fund may invest without limitation in securities denominated in securities quoted or denominated in currencies other than the U.S. dollar and may hold such currencies. The Fund may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options.

Risk [Heading] rr_RiskHeading Principal Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You could lose money by investing in the Fund.


The principal risks of investing in the Fund (in alphabetical order) are:


  • Currency and Currency Hedging Risk – The Fund could lose value if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value. A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains.

  • Emerging Markets Risk – To the extent the Fund invests in emerging market securities, the Fund may be exposed to greater market, credit, currency, liquidity, legal, political, technical and other risks different from, or greater than, the risks of investing in developed markets.

  • Equity Securities Risk – Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer.

  • Focused Investment Risk – Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused.

  • Growth Stock Risk – The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors.

  • Information Technology Risk – Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations.

  • IPO Risk – The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile.

  • Large Capitalization Securities Risk – Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies.

  • Liquidity Risk – The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments.

  • Long-Term Investment Strategy Risk – The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term.  An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses.

  • Market Disruption and Geopolitical Risk – The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions.

  • Market Risk – The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares.

  • Non-U.S. Investment Risk – Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S.

  • Service Provider Risk – The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund.

  • Settlement Risk – The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities, or prevent the Fund from selling securities at times and prices it considers desirable.

  • Small- and Medium-Capitalization Securities Risk – Securities of small- and medium-capitalization companies can be more volatile due to various factors including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines, than the securities of larger, more established companies.
Risk Lose Money [Text] rr_RiskLoseMoney You could lose money by investing in the Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Past performance (before and after taxes) is not an indication of future performance.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark.
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess Performance figures for Class K and Institutional Class shares, which have been operational for less than a full calendar year as of the date of this Prospectus, are derived from the historical performance of Class 2 shares.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress http://USmutualfund.bailliegifford.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance (before and after taxes) is not an indication of future performance.
Bar Chart [Heading] rr_BarChartHeading Annual Total Returns – Class 2 Shares(1)
Bar Chart Footnotes [Text Block] rr_BarChartFootnotesTextBlock

 (1) Class 2 shares are not offered under this Prospectus and are currently closed to new investors. Class K and Institutional Class shares would have substantially similar returns because the shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that the classes do not have the same expenses. Class K shares are generally expected to incur expenses equal to or higher than the expenses of Class 2 shares, and Institutional Class shares are generally expected to incur higher expenses than Class 2 shares.

Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

Highest Quarterly Return: 27.36% (Q2, 2009)

 

Lowest Quarterly Return: -21.66% (Q3, 2011)

Bar Chart, Returns for Class Not Offered in Prospectus [Text] rr_BarChartReturnsForClassNotOfferedInProspectus Class 2 shares are not offered under this Prospectus and are currently closed to new investors.
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Highest Quarterly Return
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 27.36%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Lowest Quarterly Return
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (21.66%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deduction for fees, expenses, or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown for Class 2 shares only, and after-tax returns for other Classes will vary.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock

In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are shown for Class 2 shares only, and after-tax returns for other Classes will vary. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements. A description of the Fund's comparative index and details regarding the calculation of the Fund's class-by-class performance are provided in the section of the Prospectus entitled "Additional Performance Information".

Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock

Updated information on the Fund's investment performance can be obtained by visiting http://USmutualfund.bailliegifford.com.

Caption rr_AverageAnnualReturnCaption Average Annual Total Returns for Periods Ended December 31, 2016
Class K & Institutional Class Prospectus | Baillie Gifford EAFE Fund | MSCI EAFE Index  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 1.51% [1]
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 7.01% [1]
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 1.23% [1]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Mar. 06, 2008
Class K & Institutional Class Prospectus | Baillie Gifford EAFE Fund | Class K  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Management Fees rr_ManagementFeesOverAssets 0.52% [2]
Distribution and/or 12b-1 Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.09% [3]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.61%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 62
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 195
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 340
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 762
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 62
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 195
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 340
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 762
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 1.34% [4]
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 6.92% [4]
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 2.48% [4]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Mar. 06, 2008
Class K & Institutional Class Prospectus | Baillie Gifford EAFE Fund | Institutional Class  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Management Fees rr_ManagementFeesOverAssets 0.52% [2]
Distribution and/or 12b-1 Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.24% [3]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.76%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 78
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 243
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 422
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 942
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 78
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 243
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 422
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 942
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 1.19% [4]
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 6.76% [4]
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 2.33% [4]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Mar. 06, 2008
Class K & Institutional Class Prospectus | Baillie Gifford EAFE Fund | Class 2  
Risk/Return: rr_RiskReturnAbstract  
Annual Return 2009 rr_AnnualReturn2009 45.75%
Annual Return 2010 rr_AnnualReturn2010 16.60%
Annual Return 2011 rr_AnnualReturn2011 (11.70%)
Annual Return 2012 rr_AnnualReturn2012 18.78%
Annual Return 2013 rr_AnnualReturn2013 28.69%
Annual Return 2014 rr_AnnualReturn2014 (6.94%)
Annual Return 2015 rr_AnnualReturn2015 (3.07%)
Annual Return 2016 rr_AnnualReturn2016 1.34%
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 1.34%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 6.92%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 2.48%
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Mar. 06, 2008
Class K & Institutional Class Prospectus | Baillie Gifford EAFE Fund | Class 2 | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 0.15%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 6.06%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 1.79%
Class K & Institutional Class Prospectus | Baillie Gifford EAFE Fund | Class 2 | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 1.92%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 5.33%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 1.77%
[1] The source of the index data is MSCI Inc. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.
[2] The Management Fee consists of an Advisory Fee and an Administration and Supervisory Fee paid by the Fund to Baillie Gifford Overseas Limited (the "Manager"). Management Fees have been restated to reflect current fees, including the effects of Advisory Fee breakpoints as applied to the average daily net assets of the Fund over the prior fiscal year.
[3] Class K and Institutional Class were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for these share classes based on the Other Expenses of Class 2 shares. Class 2 shares are not offered under this Prospectus and are currently closed to new investors.
[4] Performance figures for Class K and Institutional Class shares, which have been operational for less than a full calendar year as of the date of this Prospectus, are derived from the historical performance of Class 2 shares. Performance figures for Institutional Class shares have been adjusted for the higher total annual operating expenses expected to be incurred by Institutional Class shares.
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XML 17 R16.htm IDEA: XBRL DOCUMENT v3.8.0.1
Class K & Institutional Class Prospectus | Baillie Gifford EAFE Choice Fund
Baillie Gifford EAFE Choice Fund
Investment Objective

The EAFE Choice Fund seeks capital appreciation.

Fees and Expenses

The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees (Fees paid directly from your investment)
Shareholder Fees - Class K & Institutional Class Prospectus - Baillie Gifford EAFE Choice Fund - USD ($)
Class K
Institutional Class
Shareholder Fees (Fees paid directly from your investment) none none
Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - Class K & Institutional Class Prospectus - Baillie Gifford EAFE Choice Fund
Class K
Institutional Class
Management Fees [1] 0.52% 0.52%
Distribution and/or 12b-1 Fees none none
Other Expenses [2] 0.13% 0.28%
Total Annual Fund Operating Expenses 0.65% 0.80%
[1] The Management Fee consists of an Advisory Fee and an Administration and Supervisory Fee paid by the Fund to Baillie Gifford Overseas Limited (the "Manager").
[2] Class K and Institutional Class were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for the current fiscal year based on the Other Expenses of Class 2 shares. Class 2 shares are not offered under this Prospectus and are currently closed to new investors.
Example of Expenses

The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same.

Although your actual costs may be higher or lower, based on these assumptions, your expenses would be:
Expense Example - Class K & Institutional Class Prospectus - Baillie Gifford EAFE Choice Fund - USD ($)
Class K
Institutional Class
1 Year $ 66 $ 82
3 Years 208 255
5 Years 362 444
10 Years $ 810 $ 990
Expense Example No Redemption - Class K & Institutional Class Prospectus - Baillie Gifford EAFE Choice Fund - USD ($)
Class K
Institutional Class
1 Year $ 66 $ 82
3 Years 208 255
5 Years 362 444
10 Years $ 810 $ 990
Portfolio Turnover

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Total Annual Fund Operating Expenses" or in the Example above, affect the Fund's performance. During the Fund's most recent fiscal year, the Fund's portfolio turnover rate was 23% of the average value of its portfolio. 

Principal Investment Strategies

The Fund seeks to meet its objective by investing in an international portfolio of common stocks and other equity securities of issuers located in countries of developed and emerging markets. 


Under normal circumstances, the Fund invests at least 85% of its net assets (plus any borrowings for investment purposes) in common stocks and other equity securities of companies whose principal activities are in Europe, Australasia and/or the Far East. The Fund may hold equities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund may invest in issuers of any market capitalization and may participate in initial public offerings ("IPOs"). In selecting companies for investment, the portfolio managers generally consider issuers in both developed and emerging markets. 


The portfolio managers select companies without regard to the MSCI EAFE 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The intended outcome is a diversified portfolio of between 60-90 quality growth companies with the potential to outperform the benchmark over the long-term. The Fund tends to hold securities for long periods (typically 3-5 years), which results in relatively low portfolio turnover and is in line with the Fund's 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 may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options.

Principal Risks

The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You may consequently lose money by investing in the Fund.


The principal risks of investing in the Fund are:


  • Currency and Currency Hedging Risk – The Fund could lose value if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value. A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains.

  • Emerging Markets Risk – To the extent the Fund invests in emerging market securities, the Fund may be exposed to greater market, credit, currency, liquidity, legal, political, technical and other risks different from, or greater than, the risks of investing in developed markets.

  • Equity Securities Risk – Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer.

  • Focused Investment Risk – Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused.

  • Growth Stock Risk – The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors.

  • Information Technology Risk – Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations.

  • IPO Risk – The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile.

  • Large Capitalization Securities Risk – Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies.

  • Liquidity Risk – The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments.

  • Long-Term Investment Strategy Risk – The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term.  An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses.

  • Market Disruption and Geopolitical Risk – The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions.

  • Market Risk – The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares.

  • Non-U.S. Investment Risk – Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S.

  • Service Provider Risk – The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund.

  • Settlement Risk – The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities, or prevent the Fund from selling securities at times and prices it considers desirable.

  • Small- and Medium-Capitalization Securities Risk – Securities of small- and medium-capitalization companies can be more volatile due to various factors including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines, than the securities of larger, more established companies.
Performance

The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Past performance (before and after taxes) is not an indication of future performance.

Annual Total Returns – Class 2 Shares(1)
Bar Chart

(1) Class 2 shares are not offered under this Prospectus and are currently closed to new investors. Class K and Institutional Class shares would have substantially similar returns because the shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that the classes do not have the same expenses. Class K shares are generally expected to incur expenses equal to or higher than the expenses of Class 2 shares, and Institutional Class shares are generally expected to incur higher expenses than Class 2 shares.

Highest Quarterly Return: 17.74% (Q3, 2010)

 

Lowest Quarterly Return: -18.23% (Q3, 2011)

Average Annual Total Returns for Periods Ended December 31, 2016

In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are shown for Class 2 shares only, and after-tax returns for other Classes will vary. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements. A description of the Fund's comparative index and details regarding the calculation of the Fund's class-by-class performance are provided in the section of the Prospectus entitled "Additional Performance Information".

Average Annual Returns - Class K & Institutional Class Prospectus - Baillie Gifford EAFE Choice Fund
Average Annual Returns, 1 Year
Average Annual Returns, 5 Years
Average Annual Returns, Since Inception
Average Annual Returns, Inception Date
Class 2 0.59% 7.74% 6.09% Dec. 17, 2009
Class K 0.59% [1] 7.74% [1] 6.09% [1] Dec. 17, 2009
Institutional Class 0.45% [1] 7.58% [1] 5.93% [1] Dec. 17, 2009
After Taxes on Distributions | Class 2 0.44% 7.04% 5.33%  
After Taxes on Distributions and Sale of Fund Shares | Class 2 0.73% 5.85% 4.52%  
MSCI EAFE Index 1.51% [2] 7.01% [2] 4.56% [2] Dec. 17, 2009
[1] Performance figures for Class K and Institutional Class shares, which have been operational for less than a full calendar year as of the date of this Prospectus, are derived from the historical performance of Class 2 shares. Performance figures for Institutional Class shares have been adjusted for the higher total annual operating expenses expected to be incurred by Institutional Class shares.
[2] The source of the index data is MSCI Inc. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.

Updated information on the Fund's investment performance can be obtained by visiting http://USmutualfund.bailliegifford.com.

XML 18 R23.htm IDEA: XBRL DOCUMENT v3.8.0.1
Label Element Value
Class K & Institutional Class Prospectus | Baillie Gifford EAFE Choice Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Baillie Gifford EAFE Choice Fund
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The EAFE Choice Fund seeks capital appreciation.

Expense [Heading] rr_ExpenseHeading Fees and Expenses
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (Fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Total Annual Fund Operating Expenses" or in the Example above, affect the Fund's performance. During the Fund's most recent fiscal year, the Fund's portfolio turnover rate was 23% of the average value of its portfolio. 

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 23.00%
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Class K and Institutional Class were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for the current fiscal year based on the Other Expenses of Class 2 shares. Class 2 shares are not offered under this Prospectus and are currently closed to new investors.
Expense Example [Heading] rr_ExpenseExampleHeading Example of Expenses
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same.

Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption Although your actual costs may be higher or lower, based on these assumptions, your expenses would be:
Strategy [Heading] rr_StrategyHeading Principal Investment Strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund seeks to meet its objective by investing in an international portfolio of common stocks and other equity securities of issuers located in countries of developed and emerging markets. 


Under normal circumstances, the Fund invests at least 85% of its net assets (plus any borrowings for investment purposes) in common stocks and other equity securities of companies whose principal activities are in Europe, Australasia and/or the Far East. The Fund may hold equities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund may invest in issuers of any market capitalization and may participate in initial public offerings ("IPOs"). In selecting companies for investment, the portfolio managers generally consider issuers in both developed and emerging markets. 


The portfolio managers select companies without regard to the MSCI EAFE 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The intended outcome is a diversified portfolio of between 60-90 quality growth companies with the potential to outperform the benchmark over the long-term. The Fund tends to hold securities for long periods (typically 3-5 years), which results in relatively low portfolio turnover and is in line with the Fund's 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 may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options.

Risk [Heading] rr_RiskHeading Principal Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You may consequently lose money by investing in the Fund.


The principal risks of investing in the Fund are:


  • Currency and Currency Hedging Risk – The Fund could lose value if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value. A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains.

  • Emerging Markets Risk – To the extent the Fund invests in emerging market securities, the Fund may be exposed to greater market, credit, currency, liquidity, legal, political, technical and other risks different from, or greater than, the risks of investing in developed markets.

  • Equity Securities Risk – Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer.

  • Focused Investment Risk – Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused.

  • Growth Stock Risk – The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors.

  • Information Technology Risk – Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations.

  • IPO Risk – The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile.

  • Large Capitalization Securities Risk – Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies.

  • Liquidity Risk – The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments.

  • Long-Term Investment Strategy Risk – The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term.  An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses.

  • Market Disruption and Geopolitical Risk – The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions.

  • Market Risk – The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares.

  • Non-U.S. Investment Risk – Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S.

  • Service Provider Risk – The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund.

  • Settlement Risk – The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities, or prevent the Fund from selling securities at times and prices it considers desirable.

  • Small- and Medium-Capitalization Securities Risk – Securities of small- and medium-capitalization companies can be more volatile due to various factors including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines, than the securities of larger, more established companies.
Risk Lose Money [Text] rr_RiskLoseMoney You may consequently lose money by investing in the Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Past performance (before and after taxes) is not an indication of future performance.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark.
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess Performance figures for Class K and Institutional Class shares, which have been operational for less than a full calendar year as of the date of this Prospectus, are derived from the historical performance of Class 2 shares.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress http://USmutualfund.bailliegifford.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance (before and after taxes) is not an indication of future performance.
Bar Chart [Heading] rr_BarChartHeading Annual Total Returns – Class 2 Shares(1)
Bar Chart Footnotes [Text Block] rr_BarChartFootnotesTextBlock

(1) Class 2 shares are not offered under this Prospectus and are currently closed to new investors. Class K and Institutional Class shares would have substantially similar returns because the shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that the classes do not have the same expenses. Class K shares are generally expected to incur expenses equal to or higher than the expenses of Class 2 shares, and Institutional Class shares are generally expected to incur higher expenses than Class 2 shares.

Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

Highest Quarterly Return: 17.74% (Q3, 2010)

 

Lowest Quarterly Return: -18.23% (Q3, 2011)

Bar Chart, Returns for Class Not Offered in Prospectus [Text] rr_BarChartReturnsForClassNotOfferedInProspectus Class 2 shares are not offered under this Prospectus and are currently closed to new investors.
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Highest Quarterly Return
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2010
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 17.74%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Lowest Quarterly Return
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (18.23%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deduction for fees, expenses, or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown for Class 2 shares only, and after-tax returns for other Classes will vary.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock

In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are shown for Class 2 shares only, and after-tax returns for other Classes will vary. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements. A description of the Fund's comparative index and details regarding the calculation of the Fund's class-by-class performance are provided in the section of the Prospectus entitled "Additional Performance Information".

Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock

Updated information on the Fund's investment performance can be obtained by visiting http://USmutualfund.bailliegifford.com.

Caption rr_AverageAnnualReturnCaption Average Annual Total Returns for Periods Ended December 31, 2016
Class K & Institutional Class Prospectus | Baillie Gifford EAFE Choice Fund | MSCI EAFE Index  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 1.51% [1]
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 7.01% [1]
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 4.56% [1]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Dec. 17, 2009
Class K & Institutional Class Prospectus | Baillie Gifford EAFE Choice Fund | Class K  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Management Fees rr_ManagementFeesOverAssets 0.52% [2]
Distribution and/or 12b-1 Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.13% [3]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.65%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 66
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 208
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 362
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 810
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 66
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 208
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 362
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 810
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 0.59% [4]
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 7.74% [4]
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 6.09% [4]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Dec. 17, 2009
Class K & Institutional Class Prospectus | Baillie Gifford EAFE Choice Fund | Institutional Class  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Management Fees rr_ManagementFeesOverAssets 0.52% [2]
Distribution and/or 12b-1 Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.28% [3]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.80%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 82
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 255
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 444
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 990
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 82
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 255
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 444
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 990
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 0.45% [4]
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 7.58% [4]
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 5.93% [4]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Dec. 17, 2009
Class K & Institutional Class Prospectus | Baillie Gifford EAFE Choice Fund | Class 2  
Risk/Return: rr_RiskReturnAbstract  
Annual Return 2010 rr_AnnualReturn2010 12.14%
Annual Return 2011 rr_AnnualReturn2011 (12.54%)
Annual Return 2012 rr_AnnualReturn2012 21.81%
Annual Return 2013 rr_AnnualReturn2013 21.20%
Annual Return 2014 rr_AnnualReturn2014 (4.25%)
Annual Return 2015 rr_AnnualReturn2015 (2.16%)
Annual Return 2016 rr_AnnualReturn2016 0.59%
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 0.59%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 7.74%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 6.09%
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Dec. 17, 2009
Class K & Institutional Class Prospectus | Baillie Gifford EAFE Choice Fund | Class 2 | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 0.44%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 7.04%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 5.33%
Class K & Institutional Class Prospectus | Baillie Gifford EAFE Choice Fund | Class 2 | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 0.73%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 5.85%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 4.52%
[1] The source of the index data is MSCI Inc. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.
[2] The Management Fee consists of an Advisory Fee and an Administration and Supervisory Fee paid by the Fund to Baillie Gifford Overseas Limited (the "Manager").
[3] Class K and Institutional Class were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for the current fiscal year based on the Other Expenses of Class 2 shares. Class 2 shares are not offered under this Prospectus and are currently closed to new investors.
[4] Performance figures for Class K and Institutional Class shares, which have been operational for less than a full calendar year as of the date of this Prospectus, are derived from the historical performance of Class 2 shares. Performance figures for Institutional Class shares have been adjusted for the higher total annual operating expenses expected to be incurred by Institutional Class shares.
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Class K & Institutional Class Prospectus | Baillie Gifford EAFE Pure Fund
Baillie Gifford EAFE Pure Fund
Investment Objective

The EAFE Pure Fund seeks capital appreciation.

Fees and Expenses

The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees (Fees paid directly from your investment)
Shareholder Fees - Class K & Institutional Class Prospectus - Baillie Gifford EAFE Pure Fund - USD ($)
Class K
Institutional Class
Shareholder Fees (Fees paid directly from your investment) none none
Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - Class K & Institutional Class Prospectus - Baillie Gifford EAFE Pure Fund
Class K
Institutional Class
Management Fees [1] 0.52% 0.52%
Distribution and/or 12b-1 Fees none none
Other Expenses [2] 0.14% 0.29%
Total Annual Fund Operating Expenses 0.66% 0.81%
[1] The Management Fee consists of an Advisory Fee and an Administration and Supervisory Fee paid by the Fund to Baillie Gifford Overseas Limited (the "Manager").
[2] Class K and Institutional Class were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for the current fiscal year based on the Other Expenses of Class 2 shares. Class 2 shares are not offered under this Prospectus and are currently closed to new investors.
Example of Expenses

The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same.

Although your actual costs may be higher or lower, based on these assumptions, your expenses would be:
Expense Example - Class K & Institutional Class Prospectus - Baillie Gifford EAFE Pure Fund - USD ($)
Class K
Institutional Class
1 Year $ 67 $ 83
3 Years 211 259
5 Years 368 450
10 Years $ 822 $ 1,002
Expense Example No Redemption - Class K & Institutional Class Prospectus - Baillie Gifford EAFE Pure Fund - USD ($)
Class K
Institutional Class
1 Year $ 67 $ 83
3 Years 211 259
5 Years 368 450
10 Years $ 822 $ 1,002
Portfolio Turnover

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Total Annual Fund Operating Expenses" or in the Example above, affect the Fund's performance. During the Fund's most recent fiscal year, the Fund's portfolio turnover rate was 13% of the average value of its portfolio.

Principal Investment Strategies

The Fund seeks to meet its objective by investing in an international portfolio of common stocks and other equity securities of issuers located in countries of developed markets. 


Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in common stocks and other equity securities of companies whose principal activities are in Europe, Australasia and/or the Far East. The Fund may hold equities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund may invest in issuers of any market capitalization and may participate in initial public offerings ("IPOs"). In selecting companies for investment, the portfolio managers generally consider issuers in developed markets and exclude emerging markets. 


The portfolio managers select companies without regard to the MSCI EAFE 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The intended outcome is a diversified portfolio of between 50-90 quality growth companies with the potential to outperform the benchmark over the long-term. The Fund tends to hold securities for long periods (typically 3-5 years), which results in relatively low portfolio turnover and is in line with the Fund's 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 may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options.  

Principal Risks

The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You may consequently lose money by investing in the Fund.


The principal risks of investing in the Fund are:


  • Currency and Currency Hedging Risk – The Fund could lose value if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value. A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains.

  • Equity Securities Risk – Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer.

  • Focused Investment Risk – Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused.

  • Growth Stock Risk – The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors.

  • Information Technology Risk – Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations.

  • IPO Risk – The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile.

  • Large Capitalization Securities Risk – Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies.

  • Liquidity Risk – The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments.

  • Long-Term Investment Strategy Risk – The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term.  An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses.

  • Market Disruption and Geopolitical Risk – The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions.

  • Market Risk – The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares.

  • Non-U.S. Investment Risk – Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S.

  • Service Provider Risk – The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund.

  • Settlement Risk – The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities, or prevent the Fund from selling securities at times and prices it considers desirable.

  • Small- and Medium-Capitalization Securities Risk – Securities of small- and medium-capitalization companies can be more volatile due to various factors including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines, than the securities of larger, more established companies.
Performance

The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Past performance (before and after taxes) is not an indication of future performance.

Annual Total Returns – Class 2 Shares(1)
Bar Chart

(1) Class 2 shares are not offered under this Prospectus and are currently closed to new investors. Class K and Institutional Class shares would have substantially similar returns because the shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that the classes do not have the same expenses. Class K shares are generally expected to incur expenses equal to or higher than the expenses of Class 2 shares,  and Institutional Class shares are generally expected to incur higher expenses than Class 2 shares.

Highest Quarterly Return: 7.71% (Q1, 2015)

 

Lowest Quarterly Return: -9.20% (Q3, 2015)

Average Annual Total Returns for Periods Ended December 31, 2016

After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are shown for Class 2 shares only, and after-tax returns for other Classes will vary. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements. A description of the Fund's comparative index and details regarding the calculation of the Fund's class-by-class performance are provided in the section of the Prospectus entitled "Additional Performance Information".

Average Annual Returns - Class K & Institutional Class Prospectus - Baillie Gifford EAFE Pure Fund
Average Annual Returns, 1 Year
Average Annual Returns, Since Inception
Average Annual Returns, Inception Date
Class 2 (0.20%) (0.59%) Apr. 15, 2014
Class K (0.20%) [1] (0.59%) [1] Apr. 15, 2014
Institutional Class (0.34%) [1] (0.74%) [1] Apr. 15, 2014
After Taxes on Distributions | Class 2 (0.40%) (0.85%)  
After Taxes on Distributions and Sale of Fund Shares | Class 2 0.30% (0.45%)  
MSCI EAFE Index 1.51% [2] (0.99%) [2] Apr. 15, 2014
[1] Performance figures for Class K and Institutional Class shares, which have been operational for less than a full calendar year as of the date of this Prospectus, are derived from the historical performance of Class 2 shares. Performance figures for Institutional Class shares have been adjusted for the higher total annual operating expenses expected to be incurred by Institutional Class shares.
[2] The source of the index data is MSCI Inc. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.

Updated information on the Fund's investment performance can be obtained by visiting http://USmutualfund.bailliegifford.com.

XML 21 R31.htm IDEA: XBRL DOCUMENT v3.8.0.1
Label Element Value
Class K & Institutional Class Prospectus | Baillie Gifford EAFE Pure Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Baillie Gifford EAFE Pure Fund
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The EAFE Pure Fund seeks capital appreciation.

Expense [Heading] rr_ExpenseHeading Fees and Expenses
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (Fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Total Annual Fund Operating Expenses" or in the Example above, affect the Fund's performance. During the Fund's most recent fiscal year, the Fund's portfolio turnover rate was 13% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 13.00%
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Class K and Institutional Class were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for the current fiscal year based on the Other Expenses of Class 2 shares. Class 2 shares are not offered under this Prospectus and are currently closed to new investors.
Expense Example [Heading] rr_ExpenseExampleHeading Example of Expenses
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same.

Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption Although your actual costs may be higher or lower, based on these assumptions, your expenses would be:
Strategy [Heading] rr_StrategyHeading Principal Investment Strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund seeks to meet its objective by investing in an international portfolio of common stocks and other equity securities of issuers located in countries of developed markets. 


Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in common stocks and other equity securities of companies whose principal activities are in Europe, Australasia and/or the Far East. The Fund may hold equities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund may invest in issuers of any market capitalization and may participate in initial public offerings ("IPOs"). In selecting companies for investment, the portfolio managers generally consider issuers in developed markets and exclude emerging markets. 


The portfolio managers select companies without regard to the MSCI EAFE 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The intended outcome is a diversified portfolio of between 50-90 quality growth companies with the potential to outperform the benchmark over the long-term. The Fund tends to hold securities for long periods (typically 3-5 years), which results in relatively low portfolio turnover and is in line with the Fund's 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 may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options.  

Risk [Heading] rr_RiskHeading Principal Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You may consequently lose money by investing in the Fund.


The principal risks of investing in the Fund are:


  • Currency and Currency Hedging Risk – The Fund could lose value if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value. A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains.

  • Equity Securities Risk – Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer.

  • Focused Investment Risk – Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused.

  • Growth Stock Risk – The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors.

  • Information Technology Risk – Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations.

  • IPO Risk – The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile.

  • Large Capitalization Securities Risk – Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies.

  • Liquidity Risk – The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments.

  • Long-Term Investment Strategy Risk – The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term.  An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses.

  • Market Disruption and Geopolitical Risk – The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions.

  • Market Risk – The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares.

  • Non-U.S. Investment Risk – Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S.

  • Service Provider Risk – The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund.

  • Settlement Risk – The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities, or prevent the Fund from selling securities at times and prices it considers desirable.

  • Small- and Medium-Capitalization Securities Risk – Securities of small- and medium-capitalization companies can be more volatile due to various factors including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines, than the securities of larger, more established companies.
Risk Lose Money [Text] rr_RiskLoseMoney You may consequently lose money by investing in the Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Past performance (before and after taxes) is not an indication of future performance.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark.
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess Performance figures for Class K and Institutional Class shares, which have been operational for less than a full calendar year as of the date of this Prospectus, are derived from the historical performance of Class 2 shares.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress http://USmutualfund.bailliegifford.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance (before and after taxes) is not an indication of future performance.
Bar Chart [Heading] rr_BarChartHeading Annual Total Returns – Class 2 Shares(1)
Bar Chart Footnotes [Text Block] rr_BarChartFootnotesTextBlock

(1) Class 2 shares are not offered under this Prospectus and are currently closed to new investors. Class K and Institutional Class shares would have substantially similar returns because the shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that the classes do not have the same expenses. Class K shares are generally expected to incur expenses equal to or higher than the expenses of Class 2 shares,  and Institutional Class shares are generally expected to incur higher expenses than Class 2 shares.

Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

Highest Quarterly Return: 7.71% (Q1, 2015)

 

Lowest Quarterly Return: -9.20% (Q3, 2015)

Bar Chart, Returns for Class Not Offered in Prospectus [Text] rr_BarChartReturnsForClassNotOfferedInProspectus Class 2 shares are not offered under this Prospectus and are currently closed to new investors.
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Highest Quarterly Return
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Mar. 31, 2015
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 7.71%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Lowest Quarterly Return
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2015
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (9.20%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deduction for fees, expenses, or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown for Class 2 shares only, and after-tax returns for other Classes will vary.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock

After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are shown for Class 2 shares only, and after-tax returns for other Classes will vary. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements. A description of the Fund's comparative index and details regarding the calculation of the Fund's class-by-class performance are provided in the section of the Prospectus entitled "Additional Performance Information".

Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock

Updated information on the Fund's investment performance can be obtained by visiting http://USmutualfund.bailliegifford.com.

Caption rr_AverageAnnualReturnCaption Average Annual Total Returns for Periods Ended December 31, 2016
Class K & Institutional Class Prospectus | Baillie Gifford EAFE Pure Fund | MSCI EAFE Index  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 1.51% [1]
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception (0.99%) [1]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Apr. 15, 2014
Class K & Institutional Class Prospectus | Baillie Gifford EAFE Pure Fund | Class K  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Management Fees rr_ManagementFeesOverAssets 0.52% [2]
Distribution and/or 12b-1 Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.14% [3]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.66%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 67
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 211
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 368
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 822
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 67
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 211
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 368
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 822
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 (0.20%) [4]
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception (0.59%) [4]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Apr. 15, 2014
Class K & Institutional Class Prospectus | Baillie Gifford EAFE Pure Fund | Institutional Class  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Management Fees rr_ManagementFeesOverAssets 0.52% [2]
Distribution and/or 12b-1 Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.29% [3]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.81%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 83
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 259
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 450
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,002
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 83
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 259
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 450
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,002
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 (0.34%) [4]
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception (0.74%) [4]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Apr. 15, 2014
Class K & Institutional Class Prospectus | Baillie Gifford EAFE Pure Fund | Class 2  
Risk/Return: rr_RiskReturnAbstract  
Annual Return 2015 rr_AnnualReturn2015 4.61%
Annual Return 2016 rr_AnnualReturn2016 (0.20%)
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 (0.20%)
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception (0.59%)
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Apr. 15, 2014
Class K & Institutional Class Prospectus | Baillie Gifford EAFE Pure Fund | Class 2 | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 (0.40%)
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception (0.85%)
Class K & Institutional Class Prospectus | Baillie Gifford EAFE Pure Fund | Class 2 | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 0.30%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception (0.45%)
[1] The source of the index data is MSCI Inc. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.
[2] The Management Fee consists of an Advisory Fee and an Administration and Supervisory Fee paid by the Fund to Baillie Gifford Overseas Limited (the "Manager").
[3] Class K and Institutional Class were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for the current fiscal year based on the Other Expenses of Class 2 shares. Class 2 shares are not offered under this Prospectus and are currently closed to new investors.
[4] Performance figures for Class K and Institutional Class shares, which have been operational for less than a full calendar year as of the date of this Prospectus, are derived from the historical performance of Class 2 shares. Performance figures for Institutional Class shares have been adjusted for the higher total annual operating expenses expected to be incurred by Institutional Class shares.
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Class K & Institutional Class Prospectus | Baillie Gifford Emerging Markets Fund
Baillie Gifford Emerging Markets Fund
Investment Objective

The Emerging Markets Fund seeks capital appreciation.

Fees and Expenses

The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees (Fees paid directly from your investment)
Shareholder Fees - Class K & Institutional Class Prospectus - Baillie Gifford Emerging Markets Fund - USD ($)
Class K
Institutional Class
Shareholder Fees (Fees paid directly from your investment) none none
Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - Class K & Institutional Class Prospectus - Baillie Gifford Emerging Markets Fund
Class K
Institutional Class
Management Fees [1] 0.72% 0.72%
Distribution and/or 12b-1 Fees none none
Other Expenses [2] 0.15% 0.30%
Total Annual Fund Operating Expenses 0.87% 1.02%
[1] The Management Fee consists of an Advisory Fee and an Administration and Supervisory Fee paid by the Fund to Baillie Gifford Overseas Limited (the "Manager").
[2] Class K and Institutional Class were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for the current fiscal year based on the Other Expenses of Class 2 shares. Class 2 shares are not offered under this Prospectus and are currently closed to new investors.
Example of Expenses

The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same.

Although your actual costs may be higher or lower, based on these assumptions, your expenses would be:
Expense Example - Class K & Institutional Class Prospectus - Baillie Gifford Emerging Markets Fund - USD ($)
Class K
Institutional Class
1 Year $ 89 $ 104
3 Years 278 325
5 Years 482 563
10 Years $ 1,073 $ 1,248
Expense Example No Redemption - Class K & Institutional Class Prospectus - Baillie Gifford Emerging Markets Fund - USD ($)
Class K
Institutional Class
1 Year $ 89 $ 104
3 Years 278 325
5 Years 482 563
10 Years $ 1,073 $ 1,248
Portfolio Turnover

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Total Annual Fund Operating Expenses" or in the Example above, affect the Fund's performance. During the Fund's most recent fiscal year, the Fund's portfolio turnover rate was 24% of the average value of its portfolio.

Principal Investment Strategies

The Fund seeks to meet its objective by investing in a global portfolio of common stocks and other equity securities of issuers located in countries of emerging 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 contained 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. These countries may include frontier markets. The Fund may hold equity securities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund may invest in issuers of any market capitalization and may participate in initial public offerings ("IPOs").  


The portfolio managers select companies without regard to the MSCI Emerging Markets 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The intended outcome is a diversified portfolio of between 60-100 quality growth companies with the potential to outperform the benchmark over the long-term. The Fund tends to hold securities for long periods (typically 3-5 years), which results in relatively low portfolio turnover and is in line with the Fund's 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 may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options.

Principal Risks

The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You could lose money by investing in the Fund.


The principal risks of investing in the Fund (in alphabetical order) are:


  • Currency and Currency Hedging Risk – The Fund could lose value if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value. A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains.

  • Emerging Markets Risk – To the extent the Fund invests in emerging market securities, the Fund may be exposed to greater market, credit, currency, liquidity, legal, political, technical and other risks different from, or greater than, the risks of investing in developed markets.

  • Equity Securities Risk – Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer.

  • Focused Investment Risk – Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused.

  • Frontier Markets Risk – Investments in frontier markets may be more volatile and less liquid than investments in more developed markets or in other emerging market countries. Emerging markets risk may be especially heightened in frontier markets.

  • Growth Stock Risk – The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors.

  • Information Technology Risk – Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations.

  • IPO Risk – The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile.

  • Large Capitalization Securities Risk – Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies.

  • Liquidity Risk – The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments.

  • Long-Term Investment Strategy Risk – The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term.  An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses.

  • Market Disruption and Geopolitical Risk – The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions.

  • Market Risk – The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares.

  • Non-U.S. Investment Risk – Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S.

  • Service Provider Risk – The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund.

  • Settlement Risk – The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities, or prevent the Fund from selling securities at times and prices it considers desirable.

  • Small- and Medium-Capitalization Securities Risk – Securities of small- and medium-capitalization companies can be more volatile due to various factors including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines, than the securities of larger, more established companies.
Performance

The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Past performance (before and after taxes) is not an indication of future performance.

Annual Total Returns – Class 5 Shares(1)
Bar Chart

(1) Class 5 shares are not offered under this Prospectus and are currently closed to new investors. Class K and Institutional Class shares would have substantially similar returns because the shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that the classes do not have the same expenses. Class K shares are generally expected to incur expenses equal to or higher than the expenses of Class 2 shares,  and Institutional Class shares are generally expected to incur higher expenses than Class 5 shares.

Highest Quarterly Return: 45.28% (Q2 , 2009)

 

Lowest Quarterly Return: -30.03% (Q4 , 2008)

Average Annual Total Returns for Periods Ended December 31, 2016

In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are shown for Class 5 shares only, and after-tax returns for other Classes will vary. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements. A description of the Fund's comparative index and details regarding the calculation of the Fund's class-by-class performance are provided in the section of the Prospectus entitled "Additional Performance Information".

Average Annual Returns - Class K & Institutional Class Prospectus - Baillie Gifford Emerging Markets Fund
Average Annual Returns, 1 Year
Average Annual Returns, 5 Years
Average Annual Returns, 10 Years
Class 5 3.24% 2.39% 3.13%
Class K [1] 3.09% 2.29% 3.04%
Institutional Class [1] 2.93% 2.13% 2.88%
After Taxes on Distributions | Class 5 3.12% 2.03% 1.02%
After Taxes on Distributions and Sale of Fund Shares | Class 5 2.13% 1.74% 1.77%
MSCI Emerging Markets Index [2] 11.60% 1.64% 2.17%
[1] Performance figures for Class K and Institutional Class shares, which have been operational for less than a full calendar year as of the date of this Prospectus, are derived from the historical performance of Class 5 shares. Performance figures for Institutional Class shares have been adjusted for the higher total annual operating expenses expected to be incurred by Institutional Class shares.
[2] The source of the index data is MSCI Inc. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.

Updated information on the Fund's investment performance can be obtained by visiting http://USmutualfund.bailliegifford.com.

XML 24 R39.htm IDEA: XBRL DOCUMENT v3.8.0.1
Label Element Value
Class K & Institutional Class Prospectus | Baillie Gifford Emerging Markets Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Baillie Gifford Emerging Markets Fund
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Emerging Markets Fund seeks capital appreciation.

Expense [Heading] rr_ExpenseHeading Fees and Expenses
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (Fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Total Annual Fund Operating Expenses" or in the Example above, affect the Fund's performance. During the Fund's most recent fiscal year, the Fund's portfolio turnover rate was 24% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 24.00%
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Class K and Institutional Class were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for the current fiscal year based on the Other Expenses of Class 2 shares. Class 2 shares are not offered under this Prospectus and are currently closed to new investors.
Expense Example [Heading] rr_ExpenseExampleHeading Example of Expenses
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same.

Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption Although your actual costs may be higher or lower, based on these assumptions, your expenses would be:
Strategy [Heading] rr_StrategyHeading Principal Investment Strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund seeks to meet its objective by investing in a global portfolio of common stocks and other equity securities of issuers located in countries of emerging 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 contained 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. These countries may include frontier markets. The Fund may hold equity securities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund may invest in issuers of any market capitalization and may participate in initial public offerings ("IPOs").  


The portfolio managers select companies without regard to the MSCI Emerging Markets 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The intended outcome is a diversified portfolio of between 60-100 quality growth companies with the potential to outperform the benchmark over the long-term. The Fund tends to hold securities for long periods (typically 3-5 years), which results in relatively low portfolio turnover and is in line with the Fund's 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 may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options.

Risk [Heading] rr_RiskHeading Principal Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You could lose money by investing in the Fund.


The principal risks of investing in the Fund (in alphabetical order) are:


  • Currency and Currency Hedging Risk – The Fund could lose value if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value. A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains.

  • Emerging Markets Risk – To the extent the Fund invests in emerging market securities, the Fund may be exposed to greater market, credit, currency, liquidity, legal, political, technical and other risks different from, or greater than, the risks of investing in developed markets.

  • Equity Securities Risk – Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer.

  • Focused Investment Risk – Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused.

  • Frontier Markets Risk – Investments in frontier markets may be more volatile and less liquid than investments in more developed markets or in other emerging market countries. Emerging markets risk may be especially heightened in frontier markets.

  • Growth Stock Risk – The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors.

  • Information Technology Risk – Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations.

  • IPO Risk – The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile.

  • Large Capitalization Securities Risk – Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies.

  • Liquidity Risk – The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments.

  • Long-Term Investment Strategy Risk – The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term.  An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses.

  • Market Disruption and Geopolitical Risk – The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions.

  • Market Risk – The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares.

  • Non-U.S. Investment Risk – Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S.

  • Service Provider Risk – The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund.

  • Settlement Risk – The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities, or prevent the Fund from selling securities at times and prices it considers desirable.

  • Small- and Medium-Capitalization Securities Risk – Securities of small- and medium-capitalization companies can be more volatile due to various factors including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines, than the securities of larger, more established companies.
Risk Lose Money [Text] rr_RiskLoseMoney You could lose money by investing in the Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Past performance (before and after taxes) is not an indication of future performance.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark.
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess Performance figures for Class K and Institutional Class shares, which have been operational for less than a full calendar year as of the date of this Prospectus, are derived from the historical performance of Class 5 shares.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress http://USmutualfund.bailliegifford.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance (before and after taxes) is not an indication of future performance.
Bar Chart [Heading] rr_BarChartHeading Annual Total Returns – Class 5 Shares(1)
Bar Chart Footnotes [Text Block] rr_BarChartFootnotesTextBlock

(1) Class 5 shares are not offered under this Prospectus and are currently closed to new investors. Class K and Institutional Class shares would have substantially similar returns because the shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that the classes do not have the same expenses. Class K shares are generally expected to incur expenses equal to or higher than the expenses of Class 2 shares,  and Institutional Class shares are generally expected to incur higher expenses than Class 5 shares.

Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

Highest Quarterly Return: 45.28% (Q2 , 2009)

 

Lowest Quarterly Return: -30.03% (Q4 , 2008)

Bar Chart, Returns for Class Not Offered in Prospectus [Text] rr_BarChartReturnsForClassNotOfferedInProspectus Class 5 shares are not offered under this Prospectus and are currently closed to new investors.
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Highest Quarterly Return
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 45.28%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Lowest Quarterly Return
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (30.03%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deduction for fees, expenses, or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown for Class 5 shares only, and after-tax returns for other Classes will vary.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock

In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are shown for Class 5 shares only, and after-tax returns for other Classes will vary. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements. A description of the Fund's comparative index and details regarding the calculation of the Fund's class-by-class performance are provided in the section of the Prospectus entitled "Additional Performance Information".

Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock

Updated information on the Fund's investment performance can be obtained by visiting http://USmutualfund.bailliegifford.com.

Caption rr_AverageAnnualReturnCaption Average Annual Total Returns for Periods Ended December 31, 2016
Class K & Institutional Class Prospectus | Baillie Gifford Emerging Markets Fund | MSCI Emerging Markets Index  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 11.60% [1]
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 1.64% [1]
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 2.17% [1]
Class K & Institutional Class Prospectus | Baillie Gifford Emerging Markets Fund | Class K  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Management Fees rr_ManagementFeesOverAssets 0.72% [2]
Distribution and/or 12b-1 Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.15% [3]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.87%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 89
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 278
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 482
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,073
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 89
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 278
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 482
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,073
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 3.09% [4]
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 2.29% [4]
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 3.04% [4]
Class K & Institutional Class Prospectus | Baillie Gifford Emerging Markets Fund | Institutional Class  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Management Fees rr_ManagementFeesOverAssets 0.72% [2]
Distribution and/or 12b-1 Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.30% [3]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.02%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 104
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 325
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 563
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,248
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 104
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 325
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 563
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,248
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 2.93% [4]
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 2.13% [4]
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 2.88% [4]
Class K & Institutional Class Prospectus | Baillie Gifford Emerging Markets Fund | Class 5  
Risk/Return: rr_RiskReturnAbstract  
Annual Return 2007 rr_AnnualReturn2007 46.59%
Annual Return 2008 rr_AnnualReturn2008 (56.41%)
Annual Return 2009 rr_AnnualReturn2009 98.09%
Annual Return 2010 rr_AnnualReturn2010 19.73%
Annual Return 2011 rr_AnnualReturn2011 (20.20%)
Annual Return 2012 rr_AnnualReturn2012 13.94%
Annual Return 2013 rr_AnnualReturn2013 3.98%
Annual Return 2014 rr_AnnualReturn2014 0.26%
Annual Return 2015 rr_AnnualReturn2015 (8.24%)
Annual Return 2016 rr_AnnualReturn2016 3.24%
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 3.24%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 2.39%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 3.13%
Class K & Institutional Class Prospectus | Baillie Gifford Emerging Markets Fund | Class 5 | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 3.12%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 2.03%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 1.02%
Class K & Institutional Class Prospectus | Baillie Gifford Emerging Markets Fund | Class 5 | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 2.13%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 1.74%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 1.77%
[1] The source of the index data is MSCI Inc. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.
[2] The Management Fee consists of an Advisory Fee and an Administration and Supervisory Fee paid by the Fund to Baillie Gifford Overseas Limited (the "Manager").
[3] Class K and Institutional Class were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for the current fiscal year based on the Other Expenses of Class 2 shares. Class 2 shares are not offered under this Prospectus and are currently closed to new investors.
[4] Performance figures for Class K and Institutional Class shares, which have been operational for less than a full calendar year as of the date of this Prospectus, are derived from the historical performance of Class 5 shares. Performance figures for Institutional Class shares have been adjusted for the higher total annual operating expenses expected to be incurred by Institutional Class shares.
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Class K & Institutional Class Prospectus | Baillie Gifford Global Alpha Equity Fund
Baillie Gifford Global Alpha Equity Fund
Investment Objective

The Global Alpha Equity Fund seeks capital appreciation.

Fees and Expenses

The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees (Fees paid directly from your investment)
Shareholder Fees - Class K & Institutional Class Prospectus - Baillie Gifford Global Alpha Equity Fund - USD ($)
Class K
Institutional Class
Shareholder Fees (Fees paid directly from your investment) none none
Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - Class K & Institutional Class Prospectus - Baillie Gifford Global Alpha Equity Fund
Class K
Institutional Class
Management Fees [1] 0.57% 0.57%
Distribution and/or 12b-1 Fees none none
Other Expenses [2] 0.10% 0.25%
Total Annual Fund Operating Expenses 0.67% 0.82%
[1] The Management Fee consists of an Advisory Fee and an Administration and Supervisory Fee paid by the Fund to Baillie Gifford Overseas Limited (the "Manager").
[2] Class K and Institutional Class were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for the current fiscal year based on the Other Expenses of Class 2 shares. Class 2 shares are not offered under this Prospectus and are currently closed to new investors.
Example of Expenses

The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same.

Although your actual costs may be higher or lower, based on these assumptions, your expenses would be:
Expense Example - Class K & Institutional Class Prospectus - Baillie Gifford Global Alpha Equity Fund - USD ($)
Class K
Institutional Class
1 Year $ 68 $ 84
3 Years 214 262
5 Years 373 455
10 Years $ 835 $ 1,014
Expense Example No Redemption - Class K & Institutional Class Prospectus - Baillie Gifford Global Alpha Equity Fund - USD ($)
Class K
Institutional Class
1 Year $ 68 $ 84
3 Years 214 262
5 Years 373 455
10 Years $ 835 $ 1,014
Portfolio Turnover

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may lead to higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Total Annual Fund Operating Expenses" or in the Example above, affect the Fund's performance. During the Fund's most recent fiscal year, the Fund's portfolio turnover rate was 20% of the average value of its portfolio. 

Principal Investment Strategies

The Fund seeks to meet its objective by investing in an international portfolio of equities, which include common stock and other equity securities, of issuers located in countries of developed and emerging markets. 


Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. The Fund invests predominantly in a diversified portfolio of securities issued by companies located in countries contained in the MSCI ACWI Index, cash and cash equivalents. The Fund invests in companies whose principal activities are in the U.S., Canada, Latin America, Europe, Australasia, Africa, the Middle East and/or the Far East. The Fund ordinarily invests in securities of issuers located  in at least three different countries. The Fund may hold equity securities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund may invest in issuers of any market capitalization and may participate in initial public offerings ("IPOs").  


The portfolio managers select companies without regard to the MSCI ACWI 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The intended outcome is a diversified portfolio of between 70-120 quality growth companies with the potential to outperform the benchmark over the long-term. The Fund tends to hold securities for long periods (typically 3-5 years), which results in relatively low portfolio turnover and is in line with the Fund's 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 may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options.

Principal Risks

The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You could lose money by investing in the Fund.


The principal risks of investing in the Fund (in alphabetical order)  are:


  • Currency and Currency Hedging Risk – The Fund could lose value if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value. A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains.

  • Emerging Markets Risk – To the extent the Fund invests in emerging market securities, the Fund may be exposed to greater market, credit, currency, liquidity, legal, political, technical and other risks different from, or greater than, the risks of investing in developed markets.

  • Equity Securities Risk – Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer.

  • Focused Investment Risk – Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused.

  • Growth Stock Risk – The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors.

  • Information Technology Risk – Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations.

  • IPO Risk – The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile.

  • Large Capitalization Securities Risk – Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies.

  • Liquidity Risk – The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments.

  • Long-Term Investment Strategy Risk – The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term.  An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses.

  • Market Disruption and Geopolitical Risk – The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions.

  • Market Risk – The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares.

  • Non-U.S. Investment Risk – Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S.

  • Service Provider Risk – The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund.

  • Settlement Risk – The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities, or prevent the Fund from selling securities at times and prices it considers desirable.

  • Small- and Medium-Capitalization Securities Risk – Securities of small- and medium-capitalization companies can be more volatile due to various factors including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines, than the securities of larger, more established companies.
Performance

The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Past performance (before and after taxes) is not an indication of future performance.

Annual Total Returns – Class 3 Shares(1)
Bar Chart

(1) Class 3 shares are not offered under this Prospectus and are currently closed to new investors. Class K and Institutional Class shares would have substantially similar returns because the shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that the classes do not have the same expenses. Class K shares are generally expected to incur expenses equal to or higher than the expenses of Class 2 shares,  and Institutional Class shares are generally expected to incur higher expenses than Class 3 shares.

Highest Quarterly Return: 13.30% (Q1, 2012)

 

Lowest Quarterly Return: -9.14% (Q3, 2015)

Average Annual Total Returns for Periods Ended December 31, 2016

In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are shown for Class 3 shares only, and after-tax returns for other Classes will vary. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements. A description of the Fund's comparative index and details regarding the calculation of the Fund's class-by-class performance are provided in the section of the Prospectus entitled "Additional Performance Information".

Average Annual Returns - Class K & Institutional Class Prospectus - Baillie Gifford Global Alpha Equity Fund
Average Annual Returns, 1 Year
Average Annual Returns, 5 Years
Average Annual Returns, Since Inception
Average Annual Returns, Inception Date
Class 3 5.02% 11.28% 10.73% Nov. 15, 2011
Class K 4.95% [1] 11.20% [1] 10.65% [1] Nov. 15, 2011
Institutional Class 4.79% [1] 11.04% [1] 10.48% [1] Nov. 15, 2011
After Taxes on Distributions | Class 3 4.84% 10.45% 9.91%  
After Taxes on Distributions and Sale of Fund Shares | Class 3 3.11% 8.79% 8.34%  
MSCI ACWI Index 8.48% [2] 9.95% [2] 9.47% [2] Nov. 15, 2011
[1] Performance figures for Class K and Institutional Class shares, which have been operational for less than a full calendar year as of the date of this Prospectus, are derived from the historical performance of Class 2 shares. Performance figures for Institutional Class shares have been adjusted for the higher total annual operating expenses expected to be incurred by Institutional Class shares.
[2] The source of the index data is MSCI Inc. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.

Updated information on the Fund's investment performance can be obtained by visiting http://USmutualfund.bailliegifford.com.

XML 27 R47.htm IDEA: XBRL DOCUMENT v3.8.0.1
Label Element Value
Class K & Institutional Class Prospectus | Baillie Gifford Global Alpha Equity Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Baillie Gifford Global Alpha Equity Fund
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Global Alpha Equity Fund seeks capital appreciation.

Expense [Heading] rr_ExpenseHeading Fees and Expenses
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (Fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may lead to higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Total Annual Fund Operating Expenses" or in the Example above, affect the Fund's performance. During the Fund's most recent fiscal year, the Fund's portfolio turnover rate was 20% of the average value of its portfolio. 

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 20.00%
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Class K and Institutional Class were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for the current fiscal year based on the Other Expenses of Class 2 shares. Class 2 shares are not offered under this Prospectus and are currently closed to new investors.
Expense Example [Heading] rr_ExpenseExampleHeading Example of Expenses
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same.

Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption Although your actual costs may be higher or lower, based on these assumptions, your expenses would be:
Strategy [Heading] rr_StrategyHeading Principal Investment Strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund seeks to meet its objective by investing in an international portfolio of equities, which include common stock and other equity securities, of issuers located in countries of developed and emerging markets. 


Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. The Fund invests predominantly in a diversified portfolio of securities issued by companies located in countries contained in the MSCI ACWI Index, cash and cash equivalents. The Fund invests in companies whose principal activities are in the U.S., Canada, Latin America, Europe, Australasia, Africa, the Middle East and/or the Far East. The Fund ordinarily invests in securities of issuers located  in at least three different countries. The Fund may hold equity securities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund may invest in issuers of any market capitalization and may participate in initial public offerings ("IPOs").  


The portfolio managers select companies without regard to the MSCI ACWI 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The intended outcome is a diversified portfolio of between 70-120 quality growth companies with the potential to outperform the benchmark over the long-term. The Fund tends to hold securities for long periods (typically 3-5 years), which results in relatively low portfolio turnover and is in line with the Fund's 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 may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options.

Risk [Heading] rr_RiskHeading Principal Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You could lose money by investing in the Fund.


The principal risks of investing in the Fund (in alphabetical order)  are:


  • Currency and Currency Hedging Risk – The Fund could lose value if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value. A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains.

  • Emerging Markets Risk – To the extent the Fund invests in emerging market securities, the Fund may be exposed to greater market, credit, currency, liquidity, legal, political, technical and other risks different from, or greater than, the risks of investing in developed markets.

  • Equity Securities Risk – Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer.

  • Focused Investment Risk – Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused.

  • Growth Stock Risk – The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors.

  • Information Technology Risk – Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations.

  • IPO Risk – The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile.

  • Large Capitalization Securities Risk – Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies.

  • Liquidity Risk – The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments.

  • Long-Term Investment Strategy Risk – The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term.  An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses.

  • Market Disruption and Geopolitical Risk – The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions.

  • Market Risk – The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares.

  • Non-U.S. Investment Risk – Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S.

  • Service Provider Risk – The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund.

  • Settlement Risk – The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities, or prevent the Fund from selling securities at times and prices it considers desirable.

  • Small- and Medium-Capitalization Securities Risk – Securities of small- and medium-capitalization companies can be more volatile due to various factors including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines, than the securities of larger, more established companies.
Risk Lose Money [Text] rr_RiskLoseMoney You could lose money by investing in the Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Past performance (before and after taxes) is not an indication of future performance.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark.
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess Performance figures for Class K and Institutional Class shares, which have been operational for less than a full calendar year as of the date of this Prospectus, are derived from the historical performance of Class 2 shares.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress http://USmutualfund.bailliegifford.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance (before and after taxes) is not an indication of future performance.
Bar Chart [Heading] rr_BarChartHeading Annual Total Returns – Class 3 Shares(1)
Bar Chart Footnotes [Text Block] rr_BarChartFootnotesTextBlock

(1) Class 3 shares are not offered under this Prospectus and are currently closed to new investors. Class K and Institutional Class shares would have substantially similar returns because the shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that the classes do not have the same expenses. Class K shares are generally expected to incur expenses equal to or higher than the expenses of Class 2 shares,  and Institutional Class shares are generally expected to incur higher expenses than Class 3 shares.

Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

Highest Quarterly Return: 13.30% (Q1, 2012)

 

Lowest Quarterly Return: -9.14% (Q3, 2015)

Bar Chart, Returns for Class Not Offered in Prospectus [Text] rr_BarChartReturnsForClassNotOfferedInProspectus Class 3 shares are not offered under this Prospectus and are currently closed to new investors.
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Highest Quarterly Return
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Mar. 31, 2012
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 13.30%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Lowest Quarterly Return
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2015
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (9.14%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deduction for fees, expenses, or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown for Class 3 shares only, and after-tax returns for other Classes will vary.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock

In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are shown for Class 3 shares only, and after-tax returns for other Classes will vary. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements. A description of the Fund's comparative index and details regarding the calculation of the Fund's class-by-class performance are provided in the section of the Prospectus entitled "Additional Performance Information".

Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock

Updated information on the Fund's investment performance can be obtained by visiting http://USmutualfund.bailliegifford.com.

Caption rr_AverageAnnualReturnCaption Average Annual Total Returns for Periods Ended December 31, 2016
Class K & Institutional Class Prospectus | Baillie Gifford Global Alpha Equity Fund | MSCI ACWI Index  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 8.48% [1]
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 9.95% [1]
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 9.47% [1]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Nov. 15, 2011
Class K & Institutional Class Prospectus | Baillie Gifford Global Alpha Equity Fund | Class K  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Management Fees rr_ManagementFeesOverAssets 0.57% [2]
Distribution and/or 12b-1 Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.10% [3]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.67%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 68
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 214
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 373
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 835
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 68
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 214
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 373
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 835
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 4.95% [4]
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 11.20% [4]
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 10.65% [4]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Nov. 15, 2011
Class K & Institutional Class Prospectus | Baillie Gifford Global Alpha Equity Fund | Institutional Class  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Management Fees rr_ManagementFeesOverAssets 0.57% [2]
Distribution and/or 12b-1 Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.25% [3]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.82%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 84
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 262
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 455
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,014
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 84
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 262
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 455
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,014
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 4.79% [4]
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 11.04% [4]
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 10.48% [4]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Nov. 15, 2011
Class K & Institutional Class Prospectus | Baillie Gifford Global Alpha Equity Fund | Class 3  
Risk/Return: rr_RiskReturnAbstract  
Annual Return 2012 rr_AnnualReturn2012 18.69%
Annual Return 2013 rr_AnnualReturn2013 28.71%
Annual Return 2014 rr_AnnualReturn2014 4.48%
Annual Return 2015 rr_AnnualReturn2015 1.84%
Annual Return 2016 rr_AnnualReturn2016 5.02%
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 5.02%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 11.28%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 10.73%
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Nov. 15, 2011
Class K & Institutional Class Prospectus | Baillie Gifford Global Alpha Equity Fund | Class 3 | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 4.84%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 10.45%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 9.91%
Class K & Institutional Class Prospectus | Baillie Gifford Global Alpha Equity Fund | Class 3 | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 3.11%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 8.79%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 8.34%
[1] The source of the index data is MSCI Inc. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.
[2] The Management Fee consists of an Advisory Fee and an Administration and Supervisory Fee paid by the Fund to Baillie Gifford Overseas Limited (the "Manager").
[3] Class K and Institutional Class were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for the current fiscal year based on the Other Expenses of Class 2 shares. Class 2 shares are not offered under this Prospectus and are currently closed to new investors.
[4] Performance figures for Class K and Institutional Class shares, which have been operational for less than a full calendar year as of the date of this Prospectus, are derived from the historical performance of Class 2 shares. Performance figures for Institutional Class shares have been adjusted for the higher total annual operating expenses expected to be incurred by Institutional Class shares.
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Class K & Institutional Class Prospectus | Baillie Gifford Global Select Equity Fund
Baillie Gifford Global Select Equity Fund
Investment Objective

The Global Select Equity Fund seeks capital appreciation.

Fees and Expenses

The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees (Fees paid directly from your investment)
Shareholder Fees - Class K & Institutional Class Prospectus - Baillie Gifford Global Select Equity Fund - USD ($)
Class K
Institutional Class
Shareholder Fees (Fees paid directly from your investment) none none
Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - Class K & Institutional Class Prospectus - Baillie Gifford Global Select Equity Fund
Class K
Institutional Class
Management Fees [1] 0.50% 0.50%
Distribution and/or 12b-1 Fees none none
Other Expenses [2] 0.56% 0.71%
Total Annual Fund Operating Expenses 1.06% 1.21%
Fee Waiver and/or Expense Reimbursement [3] 0.41% 0.41%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 0.65% 0.80%
[1] The Management Fee consists of an Advisory Fee and an Administration and Supervisory Fee paid by the Fund to Baillie Gifford Overseas Limited (the "Manager").
[2] Other expenses for Class K and Institutional Class have been estimated for the current fiscal year based on estimated Fund assets of $25 million, the minimum initial investment amount for Class K shares.
[3] The Manager has contractually agreed to waive its fees and/or bear other expenses of The Global Select Equity Fund through April 30, 2019 to the extent that such Fund's Total Annual Fund Operating Expenses (excluding interest, taxes and extraordinary expenses) exceed 0.65% for Class K shares and 0.80% for Institutional Class shares. The contractual agreement may only be terminated by the Board of Trustees of the Trust.
Example of Expenses

The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. The example below also applies any contractual expense waivers and/or expense reimbursements to the first year of each period listed in the table.

Although your actual costs may be higher or lower, based on these assumptions, your expenses would be:
Expense Example - Class K & Institutional Class Prospectus - Baillie Gifford Global Select Equity Fund - USD ($)
Class K
Institutional Class
1 Year $ 66 $ 82
3 Years $ 296 $ 343
Expense Example No Redemption - Class K & Institutional Class Prospectus - Baillie Gifford Global Select Equity Fund - USD ($)
Class K
Institutional Class
1 Year $ 66 $ 82
3 Years $ 296 $ 343
Portfolio Turnover

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Annual Fund Operating Expenses" or in the "Example of Expenses" above, affect the Fund's performance. Because the Fund has not commenced operations, it does not have a portfolio turnover rate. 

Principal Investment Strategies

The Fund seeks to meet its objective by investing in a global portfolio of equities, which include common stock and other equity securities of issuers located in countries of developed and emerging markets.


In addition, under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. The Fund may hold equity securities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants.


The Fund invests predominantly in a diversified portfolio of securities issued by companies located in countries contained in the MSCI ACWI Index, cash and cash equivalents. Under normal circumstances, the Fund will invest at least 40% of its total assets in securities of companies located outside the U.S. when market conditions are favorable, but, when market conditions are not favorable, will invest at least 30% of its total assets in companies located outside the U.S. The Fund may invest in issuers located in emerging markets. The Fund typically invests primarily in issuers with a market capitalization of approximately $1.5 billion or more.


The Fund may invest in issuers of any market capitalization and may participate in initial public offerings ("IPOs").


The portfolio managers select companies without regard to the MSCI ACWI 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The intended outcome is a diversified portfolio of between 70-90 quality growth companies with the potential to outperform the benchmark over the long-term. The Fund tends to hold securities for long periods (typically 5 years), which results in relatively low portfolio turnover and is in line with the Fund's long-term investment outlook. In selecting portfolio investments, the portfolio managers take into account corporate governance and stewardship alongside the investment considerations outlined above. 


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 may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options.

Principal Risks

The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You could lose money by investing in the Fund.


The principal risks of investing in this Fund (in alphabetical order) are:


  • Currency and Currency Hedging Risk – The Fund could lose value if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value. A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains.

  • Emerging Markets Risk – To the extent the Fund invests in emerging market securities, the Fund may be exposed to greater market, credit, currency, liquidity, legal, political, technical and other risks different from, or greater than, the risks of investing in developed markets.

  • Equity Securities Risk – Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer.

  • Focused Investment Risk – Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused.

  • Growth Stock Risk – The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors.

  • Information Technology Risk – Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations.

  • IPO Risk – The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile.

  • Large Capitalization Securities Risk – Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies.

  • Liquidity Risk – The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments.

  • Long-Term Investment Strategy Risk – The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term.  An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses.

  • Market Disruption and Geopolitical Risk – The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions.

  • Market Risk – The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares.

  • Non-U.S. Investment Risk – Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S.

  • Service Provider Risk – The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund.

  • Settlement Risk – The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities, or prevent the Fund from selling securities at times and prices it considers desirable.

  • Small- and Medium-Capitalization Securities Risk – Securities of small- and medium-capitalization companies can be more volatile due to various factors including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines, than the securities of larger, more established companies.

  • Socially Responsible Investing Risk – The Fund's incorporation of environmental, social and governance considerations in its investment process may cause it to make different investments than funds that have a similar investment universe and/or investment style but that do not incorporate such considerations in their strategy or investment processes. Under certain economic conditions, this could cause the Fund's investment performance to be worse than similar Funds that do not incorporate such considerations in their investment strategies or processes. See also "Impact Risk."
Performance

The Fund had not commenced operations as of December 31, 2016. Accordingly, performance data is not included. When performance data becomes available, it will be posted to the following website: http://USmutualfund.bailliegifford.com. Past performance (before and after taxes) is not an indication of future performance. A description of the Fund's comparative index is provided in the section of the Prospectus entitled "Additional Performance Information".

XML 29 R53.htm IDEA: XBRL DOCUMENT v3.8.0.1
Label Element Value
Class K & Institutional Class Prospectus | Baillie Gifford Global Select Equity Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Baillie Gifford Global Select Equity Fund
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Global Select Equity Fund seeks capital appreciation.

Expense [Heading] rr_ExpenseHeading Fees and Expenses
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (Fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination Apr. 30, 2019
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Annual Fund Operating Expenses" or in the "Example of Expenses" above, affect the Fund's performance. Because the Fund has not commenced operations, it does not have a portfolio turnover rate. 

Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Other expenses for Class K and Institutional Class have been estimated for the current fiscal year based on estimated Fund assets of $25 million, the minimum initial investment amount for Class K shares.
Expense Example [Heading] rr_ExpenseExampleHeading Example of Expenses
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. The example below also applies any contractual expense waivers and/or expense reimbursements to the first year of each period listed in the table.

Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption Although your actual costs may be higher or lower, based on these assumptions, your expenses would be:
Strategy [Heading] rr_StrategyHeading Principal Investment Strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund seeks to meet its objective by investing in a global portfolio of equities, which include common stock and other equity securities of issuers located in countries of developed and emerging markets.


In addition, under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. The Fund may hold equity securities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants.


The Fund invests predominantly in a diversified portfolio of securities issued by companies located in countries contained in the MSCI ACWI Index, cash and cash equivalents. Under normal circumstances, the Fund will invest at least 40% of its total assets in securities of companies located outside the U.S. when market conditions are favorable, but, when market conditions are not favorable, will invest at least 30% of its total assets in companies located outside the U.S. The Fund may invest in issuers located in emerging markets. The Fund typically invests primarily in issuers with a market capitalization of approximately $1.5 billion or more.


The Fund may invest in issuers of any market capitalization and may participate in initial public offerings ("IPOs").


The portfolio managers select companies without regard to the MSCI ACWI 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The intended outcome is a diversified portfolio of between 70-90 quality growth companies with the potential to outperform the benchmark over the long-term. The Fund tends to hold securities for long periods (typically 5 years), which results in relatively low portfolio turnover and is in line with the Fund's long-term investment outlook. In selecting portfolio investments, the portfolio managers take into account corporate governance and stewardship alongside the investment considerations outlined above. 


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 may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options.

Risk [Heading] rr_RiskHeading Principal Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You could lose money by investing in the Fund.


The principal risks of investing in this Fund (in alphabetical order) are:


  • Currency and Currency Hedging Risk – The Fund could lose value if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value. A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains.

  • Emerging Markets Risk – To the extent the Fund invests in emerging market securities, the Fund may be exposed to greater market, credit, currency, liquidity, legal, political, technical and other risks different from, or greater than, the risks of investing in developed markets.

  • Equity Securities Risk – Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer.

  • Focused Investment Risk – Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused.

  • Growth Stock Risk – The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors.

  • Information Technology Risk – Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations.

  • IPO Risk – The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile.

  • Large Capitalization Securities Risk – Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies.

  • Liquidity Risk – The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments.

  • Long-Term Investment Strategy Risk – The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term.  An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses.

  • Market Disruption and Geopolitical Risk – The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions.

  • Market Risk – The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares.

  • Non-U.S. Investment Risk – Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S.

  • Service Provider Risk – The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund.

  • Settlement Risk – The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities, or prevent the Fund from selling securities at times and prices it considers desirable.

  • Small- and Medium-Capitalization Securities Risk – Securities of small- and medium-capitalization companies can be more volatile due to various factors including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines, than the securities of larger, more established companies.

  • Socially Responsible Investing Risk – The Fund's incorporation of environmental, social and governance considerations in its investment process may cause it to make different investments than funds that have a similar investment universe and/or investment style but that do not incorporate such considerations in their strategy or investment processes. Under certain economic conditions, this could cause the Fund's investment performance to be worse than similar Funds that do not incorporate such considerations in their investment strategies or processes. See also "Impact Risk."
Risk Lose Money [Text] rr_RiskLoseMoney You could lose money by investing in the Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The Fund had not commenced operations as of December 31, 2016. Accordingly, performance data is not included. When performance data becomes available, it will be posted to the following website: http://USmutualfund.bailliegifford.com. Past performance (before and after taxes) is not an indication of future performance. A description of the Fund's comparative index is provided in the section of the Prospectus entitled "Additional Performance Information".

Performance One Year or Less [Text] rr_PerformanceOneYearOrLess The Fund had not commenced operations as of December 31, 2016. Accordingly, performance data is not included.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress http://USmutualfund.bailliegifford.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance (before and after taxes) is not an indication of future performance.
Class K & Institutional Class Prospectus | Baillie Gifford Global Select Equity Fund | Class K  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Management Fees rr_ManagementFeesOverAssets 0.50% [1]
Distribution and/or 12b-1 Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.56% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.06%
Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets 0.41% [3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.65%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 66
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 296
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 66
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 296
Class K & Institutional Class Prospectus | Baillie Gifford Global Select Equity Fund | Institutional Class  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Management Fees rr_ManagementFeesOverAssets 0.50% [1]
Distribution and/or 12b-1 Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.71% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.21%
Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets 0.41% [3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.80%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 82
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 343
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 82
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 $ 343
[1] The Management Fee consists of an Advisory Fee and an Administration and Supervisory Fee paid by the Fund to Baillie Gifford Overseas Limited (the "Manager").
[2] Other expenses for Class K and Institutional Class have been estimated for the current fiscal year based on estimated Fund assets of $25 million, the minimum initial investment amount for Class K shares.
[3] The Manager has contractually agreed to waive its fees and/or bear other expenses of The Global Select Equity Fund through April 30, 2019 to the extent that such Fund's Total Annual Fund Operating Expenses (excluding interest, taxes and extraordinary expenses) exceed 0.65% for Class K shares and 0.80% for Institutional Class shares. The contractual agreement may only be terminated by the Board of Trustees of the Trust.
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Class K & Institutional Class Prospectus | Baillie Gifford International Concentrated Growth Fund
Baillie Gifford International Concentrated Growth Fund
Investment Objective

The International Concentrated Growth Fund seeks capital appreciation.

Fees and Expenses

The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees (Fees paid directly from your investment)
Shareholder Fees - Class K & Institutional Class Prospectus - Baillie Gifford International Concentrated Growth Fund - USD ($)
Class K
Institutional Class
Shareholder Fees (Fees paid directly from your investment) none none
Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - Class K & Institutional Class Prospectus - Baillie Gifford International Concentrated Growth Fund
Class K
Institutional Class
Management Fees [1] 0.57% 0.57%
Distribution and/or 12b-1 Fees none none
Other Expenses [2] 0.56% 0.71%
Total Annual Fund Operating Expenses 1.13% 1.28%
Fee Waiver and/or Expense Reimbursement [3] 0.41% 0.41%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 0.72% 0.87%
[1] The Management Fee consists of an Advisory Fee and an Administration and Supervisory Fee paid by the Fund to Baillie Gifford Overseas Limited (the "Manager").
[2] Other expenses for Class K and Institutional Class have been estimated for the current fiscal year based on estimated Fund assets of $25 million, the minimum initial investment amount for Class K shares.
[3] The Manager has contractually agreed to waive its fees and/or bear other expenses of The International Concentrated Growth Fund through April 30, 2019 to the extent that such Fund's Total Annual Fund Operating Expenses (excluding interest, taxes and extraordinary expenses) exceed 0.72% for Class K shares and 0.87% for Institutional Class shares. The contractual agreement may only be terminated by the Board of Trustees of the Trust.
Example of Expenses

The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. The example below also applies any contractual expense waivers and/or expense reimbursements to the first year of each period listed in the table.

Although your actual costs may be higher or lower, based on these assumptions, your expenses would be:
Expense Example - Class K & Institutional Class Prospectus - Baillie Gifford International Concentrated Growth Fund - USD ($)
Class K
Institutional Class
1 Year $ 74 $ 89
3 Years $ 318 $ 365
Expense Example No Redemption - Class K & Institutional Class Prospectus - Baillie Gifford International Concentrated Growth Fund - USD ($)
Class K
Institutional Class
1 Year $ 74 $ 89
3 Years $ 318 $ 365
Portfolio Turnover

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Annual Fund Operating Expenses" or in the "Example of Expenses" above, affect the Fund's performance. Because the Fund has not commenced operations, it does not have a portfolio turnover rate.

Principal Investment Strategies

The Fund seeks to meet its objective by investing in an international portfolio of common stocks and other equity securities of issuers located in countries of developed and emerging markets.


The Fund may additionally invest up to 20% of its net assets in common stocks and other equities of companies located in North America. The Fund may hold equities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund may invest in issuers of any market capitalization and may participate in initial public offerings ("IPOs").


The portfolio managers principally select companies without regard to the MSCI ACWI (ex U.S.) 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The intended outcome is a portfolio of between 20-35 quality growth companies with the potential to outperform the benchmark over the long-term. The Fund is a non-diversified fund, which means that it may invest a relatively large percentage of its assets in a small number of issuers, industries, or sectors. The Fund tends to hold securities for long periods (typically 5-10 years), which results in relatively low portfolio turnover and is in line with the Fund's 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 may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options.

Principal Risks

The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You could lose money by investing in the Fund.


The principal risks of investing in this Fund (in alphabetical order) are:


  • Currency and Currency Hedging Risk – The Fund could lose value if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value. A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains.

  • Emerging Markets Risk – To the extent the Fund invests in emerging market securities, the Fund may be exposed to greater market, credit, currency, liquidity, legal, political, technical and other risks different from, or greater than, the risks of investing in developed markets.

  • Equity Securities Risk – Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer.

  • Focused Investment Risk – Because the Fund focuses its investments in a limited number of companies, its investment strategy will result in more risk or greater volatility in returns than if the Fund's investments were less focused. 

  • Growth Stock Risk – The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors.

  • Information Technology Risk – Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations.

  • IPO Risk – The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile.

  • Large Capitalization Securities Risk – Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies.

  • Liquidity Risk – The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments.

  • Long-Term Investment Strategy Risk – The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term.  An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses.

  • Market Disruption and Geopolitical Risk – The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions.

  • Market Risk – The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares.

  • Non-Diversification Risk – Because the Fund may invest a relatively large percentage of its assets in a single issuer or small number of issuers, its performance could be closely tied to the value of that one issuer or issuers, and could be more volatile than the performance of diversified funds.

  • Non-U.S. Investment Risk – Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S.

  • Service Provider Risk – The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund.

  • Settlement Risk – The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities, or prevent the Fund from selling securities at times and prices it considers desirable.

  • Small- and Medium-Capitalization Securities Risk – Securities of small- and medium-capitalization companies can be more volatile due to various factors including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines, than the securities of larger, more established companies.
Performance

The Fund had not commenced operations as of December 31, 2016. Accordingly, performance data is not included. When performance data becomes available, it will be posted to the following website: http://USmutualfund.bailliegifford.com. Past performance (before and after taxes) is not an indication of future performance. A description of the Fund's comparative index is provided in the section of the Prospectus entitled "Additional Performance Information".

XML 31 R59.htm IDEA: XBRL DOCUMENT v3.8.0.1
Label Element Value
Class K & Institutional Class Prospectus | Baillie Gifford International Concentrated Growth Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Baillie Gifford International Concentrated Growth Fund
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The International Concentrated Growth Fund seeks capital appreciation.

Expense [Heading] rr_ExpenseHeading Fees and Expenses
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (Fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination Apr. 30, 2019
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Annual Fund Operating Expenses" or in the "Example of Expenses" above, affect the Fund's performance. Because the Fund has not commenced operations, it does not have a portfolio turnover rate.

Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Other expenses for Class K and Institutional Class have been estimated for the current fiscal year based on estimated Fund assets of $25 million, the minimum initial investment amount for Class K shares.
Expense Example [Heading] rr_ExpenseExampleHeading Example of Expenses
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. The example below also applies any contractual expense waivers and/or expense reimbursements to the first year of each period listed in the table.

Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption Although your actual costs may be higher or lower, based on these assumptions, your expenses would be:
Strategy [Heading] rr_StrategyHeading Principal Investment Strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund seeks to meet its objective by investing in an international portfolio of common stocks and other equity securities of issuers located in countries of developed and emerging markets.


The Fund may additionally invest up to 20% of its net assets in common stocks and other equities of companies located in North America. The Fund may hold equities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund may invest in issuers of any market capitalization and may participate in initial public offerings ("IPOs").


The portfolio managers principally select companies without regard to the MSCI ACWI (ex U.S.) 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The intended outcome is a portfolio of between 20-35 quality growth companies with the potential to outperform the benchmark over the long-term. The Fund is a non-diversified fund, which means that it may invest a relatively large percentage of its assets in a small number of issuers, industries, or sectors. The Fund tends to hold securities for long periods (typically 5-10 years), which results in relatively low portfolio turnover and is in line with the Fund's 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 may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options.

Risk [Heading] rr_RiskHeading Principal Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You could lose money by investing in the Fund.


The principal risks of investing in this Fund (in alphabetical order) are:


  • Currency and Currency Hedging Risk – The Fund could lose value if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value. A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains.

  • Emerging Markets Risk – To the extent the Fund invests in emerging market securities, the Fund may be exposed to greater market, credit, currency, liquidity, legal, political, technical and other risks different from, or greater than, the risks of investing in developed markets.

  • Equity Securities Risk – Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer.

  • Focused Investment Risk – Because the Fund focuses its investments in a limited number of companies, its investment strategy will result in more risk or greater volatility in returns than if the Fund's investments were less focused. 

  • Growth Stock Risk – The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors.

  • Information Technology Risk – Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations.

  • IPO Risk – The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile.

  • Large Capitalization Securities Risk – Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies.

  • Liquidity Risk – The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments.

  • Long-Term Investment Strategy Risk – The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term.  An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses.

  • Market Disruption and Geopolitical Risk – The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions.

  • Market Risk – The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares.

  • Non-Diversification Risk – Because the Fund may invest a relatively large percentage of its assets in a single issuer or small number of issuers, its performance could be closely tied to the value of that one issuer or issuers, and could be more volatile than the performance of diversified funds.

  • Non-U.S. Investment Risk – Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S.

  • Service Provider Risk – The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund.

  • Settlement Risk – The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities, or prevent the Fund from selling securities at times and prices it considers desirable.

  • Small- and Medium-Capitalization Securities Risk – Securities of small- and medium-capitalization companies can be more volatile due to various factors including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines, than the securities of larger, more established companies.
Risk Lose Money [Text] rr_RiskLoseMoney You could lose money by investing in the Fund.
Risk Nondiversified Status [Text] rr_RiskNondiversifiedStatus 1. Non-Diversification Risk – Because the Fund may invest a relatively large percentage of its assets in a single issuer or small number of issuers, its performance could be closely tied to the value of that one issuer or issuers, and could be more volatile than the performance of diversified funds.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The Fund had not commenced operations as of December 31, 2016. Accordingly, performance data is not included. When performance data becomes available, it will be posted to the following website: http://USmutualfund.bailliegifford.com. Past performance (before and after taxes) is not an indication of future performance. A description of the Fund's comparative index is provided in the section of the Prospectus entitled "Additional Performance Information".

Performance One Year or Less [Text] rr_PerformanceOneYearOrLess The Fund had not commenced operations as of December 31, 2016. Accordingly, performance data is not included.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress http://USmutualfund.bailliegifford.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance (before and after taxes) is not an indication of future performance.
Class K & Institutional Class Prospectus | Baillie Gifford International Concentrated Growth Fund | Class K  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Management Fees rr_ManagementFeesOverAssets 0.57% [1]
Distribution and/or 12b-1 Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.56% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.13%
Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets 0.41% [3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.72%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 74
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 318
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 74
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 318
Class K & Institutional Class Prospectus | Baillie Gifford International Concentrated Growth Fund | Institutional Class  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Management Fees rr_ManagementFeesOverAssets 0.57% [1]
Distribution and/or 12b-1 Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.71% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.28%
Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets 0.41% [3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.87%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 89
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 365
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 89
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 $ 365
[1] The Management Fee consists of an Advisory Fee and an Administration and Supervisory Fee paid by the Fund to Baillie Gifford Overseas Limited (the "Manager").
[2] Other expenses for Class K and Institutional Class have been estimated for the current fiscal year based on estimated Fund assets of $25 million, the minimum initial investment amount for Class K shares.
[3] The Manager has contractually agreed to waive its fees and/or bear other expenses of The International Concentrated Growth Fund through April 30, 2019 to the extent that such Fund's Total Annual Fund Operating Expenses (excluding interest, taxes and extraordinary expenses) exceed 0.72% for Class K shares and 0.87% for Institutional Class shares. The contractual agreement may only be terminated by the Board of Trustees of the Trust.
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Class K & Institutional Class Prospectus | Baillie Gifford International Equity Fund
Baillie Gifford International Equity Fund
Investment Objective

The International Equity Fund seeks capital appreciation.

Fees and Expenses

The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees (Fees paid directly from your investment)
Shareholder Fees - Class K & Institutional Class Prospectus - Baillie Gifford International Equity Fund - USD ($)
Class K
Institutional Class
Shareholder Fees (Fees paid directly from your investment) none none
Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - Class K & Institutional Class Prospectus - Baillie Gifford International Equity Fund
Class K
Institutional Class
Management Fees [1] 0.52% 0.52%
Distribution and/or 12b-1 Fees none none
Other Expenses [2] 0.09% 0.24%
Total Annual Fund Operating Expenses 0.61% 0.76%
[1] The Management Fee consists of an Advisory Fee and an Administration and Supervisory Fee paid by the Fund to Baillie Gifford Overseas Limited (the "Manager").
[2] Class K and Institutional Class were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for the current fiscal year based on the Other Expenses of Class 2 shares. Class 2 shares are not offered under this Prospectus and are currently closed to new investors.
Example of Expenses

The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same.

Although your actual costs may be higher or lower, based on these assumptions, your expenses would be:
Expense Example - Class K & Institutional Class Prospectus - Baillie Gifford International Equity Fund - USD ($)
Class K
Institutional Class
1 Year $ 62 $ 78
3 Years 195 243
5 Years 340 422
10 Years $ 762 $ 942
Expense Example No Redemption - Class K & Institutional Class Prospectus - Baillie Gifford International Equity Fund - USD ($)
Class K
Institutional Class
1 Year $ 62 $ 78
3 Years 195 243
5 Years 340 422
10 Years $ 762 $ 942
Portfolio Turnover

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Total Annual Fund Operating Expenses" or in the Example above, affect the Fund's performance. During the Fund's most recent fiscal year, the Fund's portfolio turnover rate was 12% of the average value of its portfolio.

Principal Investment Strategies

The Fund seeks to meet its objective by investing in an international portfolio of equities, which include common stock and other equity securities, of issuers located in countries of developed and emerging markets. 


Under normal circumstances, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in common stocks and other equity securities. The Fund invests predominantly in securities issued by companies located in countries contained in the MSCI ACWI (ex U.S.) Index, which includes issuers from a range of developed and emerging market countries. The Fund ordinarily invests in securities of issuers located in at least three countries outside the U.S. The Fund may hold equity securities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund may invest in issuers of any market capitalization and may participate in initial public offerings ("IPOs").  


The portfolio managers principally select companies without regard to the MSCI ACWI (ex U.S.) 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The intended outcome is a diversified portfolio of between 70-110 quality growth companies with the potential to outperform the benchmark over the long-term. The Fund tends to hold securities for long periods (typically 3-5 years), which results in relatively low portfolio turnover and is in line with the Fund's 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 may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options.

Principal Risks

The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You may consequently lose money by investing in the Fund.


The principal risks of investing in the Fund (in alphabetical order) are:


  • Currency and Currency Hedging Risk – The Fund could lose value if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value. A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains.

  • Emerging Markets Risk – To the extent the Fund invests in emerging market securities, the Fund may be exposed to greater market, credit, currency, liquidity, legal, political, technical and other risks different from, or greater than, the risks of investing in developed markets.

  • Equity Securities Risk – Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer.

  • Focused Investment Risk – Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused.

  • Growth Stock Risk – The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors.

  • Information Technology Risk – Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations.

  • IPO Risk – The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile.

  • Large Capitalization Securities Risk – Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies.

  • Liquidity Risk – The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments.

  • Long-Term Investment Strategy Risk – The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term.  An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses.

  • Market Disruption and Geopolitical Risk – The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions.

  • Market Risk – The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares.

  • Non-U.S. Investment Risk – Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S.

  • Service Provider Risk – The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund.

  • Settlement Risk – The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities, or prevent the Fund from selling securities at times and prices it considers desirable.

  • Small- and Medium-Capitalization Securities Risk – Securities of small- and medium-capitalization companies can be more volatile due to various factors including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines, than the securities of larger, more established companies.
Performance

The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Past performance (before and after taxes) is not an indication of future performance.

Annual Total Returns – Class 2 Shares(1)
Bar Chart

(1) Class 2 shares are not offered under this Prospectus and are currently closed to new investors. Class K and Institutional Class shares would have substantially similar returns because the shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that the classes do not have the same expenses. Class K shares are generally expected to incur expenses equal to or higher than the expenses of Class 2 shares,  and Institutional Class shares are generally expected to incur higher expenses than Class 2 shares.

Highest Quarterly Return: 26.36% (Q2, 2009)

 

Lowest Quarterly Return: -19.39% (Q3, 2011)

Average Annual Total Returns for Periods Ended December 31, 2016

In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are shown for Class 2 shares only, and after-tax returns for other Classes will vary. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements. A description of the Fund's comparative index and details regarding the calculation of the Fund's class-by-class performance are provided in the section of the Prospectus entitled "Additional Performance Information".

Average Annual Returns - Class K & Institutional Class Prospectus - Baillie Gifford International Equity Fund
Average Annual Returns, 1 Year
Average Annual Returns, 5 Years
Average Annual Returns, Since Inception
Average Annual Returns, Inception Date
Class 2 5.24% 7.18% 2.97% Feb. 07, 2008
Class K 5.24% [1] 7.18% [1] 2.97% [1] Feb. 07, 2008
Institutional Class 5.08% [1] 7.02% [1] 2.81% [1] Feb. 07, 2008
After Taxes on Distributions | Class 2 4.70% 6.46% 2.33%  
After Taxes on Distributions and Sale of Fund Shares | Class 2 3.68% 5.47% 2.11%  
MSCI ACWI (ex U.S.) Index 5.01% [2] 5.48% [2] 1.30% [2] Feb. 07, 2008
[1] Performance figures for Class K and Institutional Class shares, which have been operational for less than a full calendar year as of the date of this Prospectus, are derived from the historical performance of Class 2 shares. Performance figures for Institutional Class shares have been adjusted for the higher total annual operating expenses expected to be incurred by Institutional Class shares.
[2] The source of the index data is MSCI Inc. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.

Updated information on the Fund's investment performance can be obtained by visiting http://USmutualfund.bailliegifford.com.

XML 34 R67.htm IDEA: XBRL DOCUMENT v3.8.0.1
Label Element Value
Class K & Institutional Class Prospectus | Baillie Gifford International Equity Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Baillie Gifford International Equity Fund
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The International Equity Fund seeks capital appreciation.

Expense [Heading] rr_ExpenseHeading Fees and Expenses
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (Fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Total Annual Fund Operating Expenses" or in the Example above, affect the Fund's performance. During the Fund's most recent fiscal year, the Fund's portfolio turnover rate was 12% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 12.00%
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Class K and Institutional Class were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for the current fiscal year based on the Other Expenses of Class 2 shares. Class 2 shares are not offered under this Prospectus and are currently closed to new investors.
Expense Example [Heading] rr_ExpenseExampleHeading Example of Expenses
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same.

Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption Although your actual costs may be higher or lower, based on these assumptions, your expenses would be:
Strategy [Heading] rr_StrategyHeading Principal Investment Strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund seeks to meet its objective by investing in an international portfolio of equities, which include common stock and other equity securities, of issuers located in countries of developed and emerging markets. 


Under normal circumstances, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in common stocks and other equity securities. The Fund invests predominantly in securities issued by companies located in countries contained in the MSCI ACWI (ex U.S.) Index, which includes issuers from a range of developed and emerging market countries. The Fund ordinarily invests in securities of issuers located in at least three countries outside the U.S. The Fund may hold equity securities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund may invest in issuers of any market capitalization and may participate in initial public offerings ("IPOs").  


The portfolio managers principally select companies without regard to the MSCI ACWI (ex U.S.) 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The intended outcome is a diversified portfolio of between 70-110 quality growth companies with the potential to outperform the benchmark over the long-term. The Fund tends to hold securities for long periods (typically 3-5 years), which results in relatively low portfolio turnover and is in line with the Fund's 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 may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options.

Risk [Heading] rr_RiskHeading Principal Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You may consequently lose money by investing in the Fund.


The principal risks of investing in the Fund (in alphabetical order) are:


  • Currency and Currency Hedging Risk – The Fund could lose value if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value. A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains.

  • Emerging Markets Risk – To the extent the Fund invests in emerging market securities, the Fund may be exposed to greater market, credit, currency, liquidity, legal, political, technical and other risks different from, or greater than, the risks of investing in developed markets.

  • Equity Securities Risk – Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer.

  • Focused Investment Risk – Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused.

  • Growth Stock Risk – The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors.

  • Information Technology Risk – Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations.

  • IPO Risk – The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile.

  • Large Capitalization Securities Risk – Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies.

  • Liquidity Risk – The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments.

  • Long-Term Investment Strategy Risk – The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term.  An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses.

  • Market Disruption and Geopolitical Risk – The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions.

  • Market Risk – The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares.

  • Non-U.S. Investment Risk – Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S.

  • Service Provider Risk – The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund.

  • Settlement Risk – The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities, or prevent the Fund from selling securities at times and prices it considers desirable.

  • Small- and Medium-Capitalization Securities Risk – Securities of small- and medium-capitalization companies can be more volatile due to various factors including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines, than the securities of larger, more established companies.
Risk Lose Money [Text] rr_RiskLoseMoney You may consequently lose money by investing in the Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Past performance (before and after taxes) is not an indication of future performance.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark.
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess Performance figures for Class K and Institutional Class shares, which have been operational for less than a full calendar year as of the date of this Prospectus, are derived from the historical performance of Class 2 shares.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress http://USmutualfund.bailliegifford.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance (before and after taxes) is not an indication of future performance.
Bar Chart [Heading] rr_BarChartHeading Annual Total Returns – Class 2 Shares(1)
Bar Chart Footnotes [Text Block] rr_BarChartFootnotesTextBlock

(1) Class 2 shares are not offered under this Prospectus and are currently closed to new investors. Class K and Institutional Class shares would have substantially similar returns because the shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that the classes do not have the same expenses. Class K shares are generally expected to incur expenses equal to or higher than the expenses of Class 2 shares,  and Institutional Class shares are generally expected to incur higher expenses than Class 2 shares.

Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

Highest Quarterly Return: 26.36% (Q2, 2009)

 

Lowest Quarterly Return: -19.39% (Q3, 2011)

Bar Chart, Returns for Class Not Offered in Prospectus [Text] rr_BarChartReturnsForClassNotOfferedInProspectus Class 2 shares are not offered under this Prospectus and are currently closed to new investors.
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Highest Quarterly Return
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 26.36%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Lowest Quarterly Return
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (19.39%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deduction for fees, expenses, or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown for Class 2 shares only, and after-tax returns for other Classes will vary.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock

In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are shown for Class 2 shares only, and after-tax returns for other Classes will vary. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements. A description of the Fund's comparative index and details regarding the calculation of the Fund's class-by-class performance are provided in the section of the Prospectus entitled "Additional Performance Information".

Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock

Updated information on the Fund's investment performance can be obtained by visiting http://USmutualfund.bailliegifford.com.

Caption rr_AverageAnnualReturnCaption Average Annual Total Returns for Periods Ended December 31, 2016
Class K & Institutional Class Prospectus | Baillie Gifford International Equity Fund | MSCI ACWI (ex U.S.) Index  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 5.01% [1]
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 5.48% [1]
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 1.30% [1]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Feb. 07, 2008
Class K & Institutional Class Prospectus | Baillie Gifford International Equity Fund | Class K  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Management Fees rr_ManagementFeesOverAssets 0.52% [2]
Distribution and/or 12b-1 Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.09% [3]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.61%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 62
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 195
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 340
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 762
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 62
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 195
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 340
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 762
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 5.24% [4]
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 7.18% [4]
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 2.97% [4]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Feb. 07, 2008
Class K & Institutional Class Prospectus | Baillie Gifford International Equity Fund | Institutional Class  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Management Fees rr_ManagementFeesOverAssets 0.52% [2]
Distribution and/or 12b-1 Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.24% [3]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.76%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 78
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 243
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 422
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 942
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 78
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 243
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 422
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 942
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 5.08% [4]
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 7.02% [4]
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 2.81% [4]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Feb. 07, 2008
Class K & Institutional Class Prospectus | Baillie Gifford International Equity Fund | Class 2  
Risk/Return: rr_RiskReturnAbstract  
Annual Return 2009 rr_AnnualReturn2009 47.76%
Annual Return 2010 rr_AnnualReturn2010 14.65%
Annual Return 2011 rr_AnnualReturn2011 (11.94%)
Annual Return 2012 rr_AnnualReturn2012 22.33%
Annual Return 2013 rr_AnnualReturn2013 15.35%
Annual Return 2014 rr_AnnualReturn2014 (2.93%)
Annual Return 2015 rr_AnnualReturn2015 (1.89%)
Annual Return 2016 rr_AnnualReturn2016 5.24%
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 5.24%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 7.18%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 2.97%
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Feb. 07, 2008
Class K & Institutional Class Prospectus | Baillie Gifford International Equity Fund | Class 2 | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 4.70%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 6.46%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 2.33%
Class K & Institutional Class Prospectus | Baillie Gifford International Equity Fund | Class 2 | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 3.68%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 5.47%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 2.11%
[1] The source of the index data is MSCI Inc. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.
[2] The Management Fee consists of an Advisory Fee and an Administration and Supervisory Fee paid by the Fund to Baillie Gifford Overseas Limited (the "Manager").
[3] Class K and Institutional Class were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for the current fiscal year based on the Other Expenses of Class 2 shares. Class 2 shares are not offered under this Prospectus and are currently closed to new investors.
[4] Performance figures for Class K and Institutional Class shares, which have been operational for less than a full calendar year as of the date of this Prospectus, are derived from the historical performance of Class 2 shares. Performance figures for Institutional Class shares have been adjusted for the higher total annual operating expenses expected to be incurred by Institutional Class shares.
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Class K & Institutional Class Prospectus | Baillie Gifford The Long Term Global Growth Equity Fund
Baillie Gifford The Long Term Global Growth Equity Fund
Investment Objective

The Long Term Global Growth Equity Fund seeks to provide long-term capital appreciation.

Fees and Expenses

The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees (Fees paid directly from your investment)
Shareholder Fees - Class K & Institutional Class Prospectus - Baillie Gifford The Long Term Global Growth Equity Fund - USD ($)
Class K
Institutional Class
Shareholder Fees (Fees paid directly from your investment) none none
Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - Class K & Institutional Class Prospectus - Baillie Gifford The Long Term Global Growth Equity Fund
Class K
Institutional Class
Management Fees [1] 0.62% 0.62%
Distribution and/or 12b-1 Fees none none
Other Expenses [2] 0.25% 0.40%
Total Annual Fund Operating Expenses 0.87% 1.02%
Fee Waiver and/or Expense Reimbursement [3] (0.10%) (0.10%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 0.77% 0.92%
[1] The Management Fee consists of an Advisory Fee and an Administration and Supervisory Fee paid by the Fund to Baillie Gifford Overseas Limited (the "Manager").
[2] Class K and Institutional Class were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for the current fiscal year based on the Other Expenses of Class 2 shares. Class 2 shares are not offered under this Prospectus and are currently closed to new investors.
[3] The Manager has contractually agreed to waive its fees and/or bear other expenses of The Long Term Global Growth Equity Fund through April 30, 2018 to the extent that such Fund's Total Annual Fund Operating Expenses (excluding interest, taxes and extraordinary expenses) exceed 0.77% for Class K shares and 0.92% for Institutional Class shares. The contractual agreement may only be terminated by the Board of Trustees of the Trust.
Example of Expenses

The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. The example below also applies any contractual expense waivers and/or expense reimbursements to the first year of each period listed in the table.

Although your actual costs may be higher or lower, based on these assumptions, your expenses would be:
Expense Example - Class K & Institutional Class Prospectus - Baillie Gifford The Long Term Global Growth Equity Fund - USD ($)
Class K
Institutional Class
1 Year $ 79 $ 94
3 Years 268 315
5 Years 472 554
10 Years $ 1,063 $ 1,239
Expense Example No Redemption - Class K & Institutional Class Prospectus - Baillie Gifford The Long Term Global Growth Equity Fund - USD ($)
Class K
Institutional Class
1 Year $ 79 $ 94
3 Years 268 315
5 Years 472 554
10 Years $ 1,063 $ 1,239
Portfolio Turnover

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Total Annual Fund Operating Expenses" or in the Example above, affect the Fund's performance. During the Fund's most recent fiscal year, the Fund's portfolio turnover rate was 15% of the average value of its portfolio.

Principal Investment Strategies

The Fund seeks to meet its objective by investing in a portfolio of global equity securities, which include common stock and other equity securities, without reference to benchmark constraints.


Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. While the portfolio managers are not constrained by geographic limitations, the Fund ordinarily invests in securities of issuers located in at least six different countries. In addition, under normal circumstances, the Fund will invest at least 40% of its total assets in securities of companies located outside the U.S. when market conditions are favorable, but, when market conditions are not favorable, will invest at least 30% of its total assets in companies located outside the U.S. The Fund may invest in issuers located in emerging markets.


The Fund may hold equity securities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund typically invests primarily in issuers with a market capitalization of more than $2 billion and may participate in initial public offerings ("IPOs").


The portfolio managers select investments without regard to the geographic, industry, sector, or individual company weightings on any index. 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The portfolio managers generally select securities of between 30-60 quality growth companies. The Fund is a non-diversified fund, which means that it may invest a relatively large percentage of its assets in a small number of issuers, industries or sectors. The Fund tends to hold securities for long periods (typically 5-10 years), which results in relatively low portfolio turnover and is in line with the Fund's 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 may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options.

Principal Risks

The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You may consequently lose money by investing in the Fund.


The principal risks of investing in the Fund are:


  • Currency and Currency Hedging Risk – The Fund could lose value if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value. A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains.

  • Emerging Markets Risk – To the extent the Fund invests in emerging market securities, the Fund may be exposed to greater market, credit, currency, liquidity, legal, political, technical and other risks different from, or greater than, the risks of investing in developed markets.

  • Equity Securities Risk – Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer.

  • Focused Investment Risk – Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused.

  • Growth Stock Risk – The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors.

  • Information Technology Risk – Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations.

  • IPO Risk – The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile.

  • Large Capitalization Securities Risk – Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies.

  • Liquidity Risk – The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments.

  • Long-Term Investment Strategy Risk – The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term.  An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses.

  • Market Disruption and Geopolitical Risk – The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions.

  • Market Risk – The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares.

  • Non-Diversification Risk – Certain Funds are classified as "non-diversified" funds. A non-diversified Fund may hold a smaller number of portfolio securities, with larger positions in each security it holds, than many other mutual funds. To the extent a Fund invests in a relatively small number of issuers, a decline in the market value of a particular security held by the Fund may affect its value more than if it invested in a larger number of issuers. The value of such Fund's shares may be more volatile than the values of shares of more diversified funds. See also "Focused Investment Risk."

  • Non-U.S. Investment Risk – Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S.

  • Service Provider Risk – The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund.

  • Settlement Risk – The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities, or prevent the Fund from selling securities at times and prices it considers desirable.

  • Small- and Medium-Capitalization Securities Risk – Securities of small- and medium-capitalization companies can be more volatile due to various factors including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines, than the securities of larger, more established companies.
Performance

The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Past performance (before and after taxes) is not an indication of future performance.

Annual Total Returns – Class 2 Shares(1)
Bar Chart

(1) Class 2 shares are not offered under this Prospectus and are currently closed to new investors. Class K and Institutional Class shares would have substantially similar returns because the shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that the classes do not have the same expenses. Class K shares are generally expected to incur expenses equal to or higher than the expenses of Class 2 shares,  and Institutional Class shares are generally expected to incur higher expenses than Class 2 shares.

Highest Quarterly Return: 14.47% (Q4, 2015)

 

Lowest Quarterly Return: -9.75% (Q3, 2015)

Average Annual Total Returns for Periods Ended December 31, 2016

In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are shown for Class 2 shares only, and after-tax returns for other Classes will vary. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements. A description of the Fund's comparative index and details regarding the calculation of the Fund's class-by-class performance are provided in the section of the Prospectus entitled "Additional Performance Information".

Average Annual Returns - Class K & Institutional Class Prospectus - Baillie Gifford The Long Term Global Growth Equity Fund
Average Annual Returns, 1 Year
Average Annual Returns, Since Inception
Average Annual Returns, Inception Date
Class 2 (3.80%) 5.42% Jun. 10, 2014
Class K (3.80%) [1] 5.42% [1] Jun. 10, 2014
Institutional Class (3.95%) [1] 5.26% [1] Jun. 10, 2014
After Taxes on Distributions | Class 2 (3.93%) 5.22%  
After Taxes on Distributions and Sale of Fund Shares | Class 2 (2.04%) 4.14%  
MSCI ACWI Index 8.48% [2] 2.00% [2] Jun. 10, 2014
[1] Performance figures for Class K and Institutional Class shares, which have been operational for less than a full calendar year as of the date of this Prospectus, are derived from the historical performance of Class 2 shares. Performance figures for Institutional Class shares have been adjusted for the higher total annual operating expenses expected to be incurred by Institutional Class shares.
[2] The source of the index data is MSCI Inc. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.

Updated information on the Fund's investment performance can be obtained by visiting http://USmutualfund.bailliegifford.com.

XML 37 R75.htm IDEA: XBRL DOCUMENT v3.8.0.1
Label Element Value
Class K & Institutional Class Prospectus | Baillie Gifford The Long Term Global Growth Equity Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Baillie Gifford The Long Term Global Growth Equity Fund
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Long Term Global Growth Equity Fund seeks to provide long-term capital appreciation.

Expense [Heading] rr_ExpenseHeading Fees and Expenses
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (Fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination Apr. 30, 2018
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Total Annual Fund Operating Expenses" or in the Example above, affect the Fund's performance. During the Fund's most recent fiscal year, the Fund's portfolio turnover rate was 15% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 15.00%
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Class K and Institutional Class were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for the current fiscal year based on the Other Expenses of Class 2 shares. Class 2 shares are not offered under this Prospectus and are currently closed to new investors.
Expense Example [Heading] rr_ExpenseExampleHeading Example of Expenses
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. The example below also applies any contractual expense waivers and/or expense reimbursements to the first year of each period listed in the table.

Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption Although your actual costs may be higher or lower, based on these assumptions, your expenses would be:
Strategy [Heading] rr_StrategyHeading Principal Investment Strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund seeks to meet its objective by investing in a portfolio of global equity securities, which include common stock and other equity securities, without reference to benchmark constraints.


Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. While the portfolio managers are not constrained by geographic limitations, the Fund ordinarily invests in securities of issuers located in at least six different countries. In addition, under normal circumstances, the Fund will invest at least 40% of its total assets in securities of companies located outside the U.S. when market conditions are favorable, but, when market conditions are not favorable, will invest at least 30% of its total assets in companies located outside the U.S. The Fund may invest in issuers located in emerging markets.


The Fund may hold equity securities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund typically invests primarily in issuers with a market capitalization of more than $2 billion and may participate in initial public offerings ("IPOs").


The portfolio managers select investments without regard to the geographic, industry, sector, or individual company weightings on any index. 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The portfolio managers generally select securities of between 30-60 quality growth companies. The Fund is a non-diversified fund, which means that it may invest a relatively large percentage of its assets in a small number of issuers, industries or sectors. The Fund tends to hold securities for long periods (typically 5-10 years), which results in relatively low portfolio turnover and is in line with the Fund's 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 may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options.

Risk [Heading] rr_RiskHeading Principal Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You may consequently lose money by investing in the Fund.


The principal risks of investing in the Fund are:


  • Currency and Currency Hedging Risk – The Fund could lose value if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value. A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains.

  • Emerging Markets Risk – To the extent the Fund invests in emerging market securities, the Fund may be exposed to greater market, credit, currency, liquidity, legal, political, technical and other risks different from, or greater than, the risks of investing in developed markets.

  • Equity Securities Risk – Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer.

  • Focused Investment Risk – Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused.

  • Growth Stock Risk – The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors.

  • Information Technology Risk – Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations.

  • IPO Risk – The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile.

  • Large Capitalization Securities Risk – Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies.

  • Liquidity Risk – The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments.

  • Long-Term Investment Strategy Risk – The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term.  An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses.

  • Market Disruption and Geopolitical Risk – The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions.

  • Market Risk – The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares.

  • Non-Diversification Risk – Certain Funds are classified as "non-diversified" funds. A non-diversified Fund may hold a smaller number of portfolio securities, with larger positions in each security it holds, than many other mutual funds. To the extent a Fund invests in a relatively small number of issuers, a decline in the market value of a particular security held by the Fund may affect its value more than if it invested in a larger number of issuers. The value of such Fund's shares may be more volatile than the values of shares of more diversified funds. See also "Focused Investment Risk."

  • Non-U.S. Investment Risk – Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S.

  • Service Provider Risk – The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund.

  • Settlement Risk – The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities, or prevent the Fund from selling securities at times and prices it considers desirable.

  • Small- and Medium-Capitalization Securities Risk – Securities of small- and medium-capitalization companies can be more volatile due to various factors including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines, than the securities of larger, more established companies.
Risk Lose Money [Text] rr_RiskLoseMoney You may consequently lose money by investing in the Fund.
Risk Nondiversified Status [Text] rr_RiskNondiversifiedStatus 1. Non-Diversification Risk – Certain Funds are classified as "non-diversified" funds. A non-diversified Fund may hold a smaller number of portfolio securities, with larger positions in each security it holds, than many other mutual funds. To the extent a Fund invests in a relatively small number of issuers, a decline in the market value of a particular security held by the Fund may affect its value more than if it invested in a larger number of issuers. The value of such Fund's shares may be more volatile than the values of shares of more diversified funds. See also "Focused Investment Risk."
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Past performance (before and after taxes) is not an indication of future performance.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark.
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess Performance figures for Class K and Institutional Class shares, which have been operational for less than a full calendar year as of the date of this Prospectus, are derived from the historical performance of Class 2 shares.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress http://USmutualfund.bailliegifford.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance (before and after taxes) is not an indication of future performance.
Bar Chart [Heading] rr_BarChartHeading Annual Total Returns – Class 2 Shares(1)
Bar Chart Footnotes [Text Block] rr_BarChartFootnotesTextBlock

(1) Class 2 shares are not offered under this Prospectus and are currently closed to new investors. Class K and Institutional Class shares would have substantially similar returns because the shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that the classes do not have the same expenses. Class K shares are generally expected to incur expenses equal to or higher than the expenses of Class 2 shares,  and Institutional Class shares are generally expected to incur higher expenses than Class 2 shares.

Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

Highest Quarterly Return: 14.47% (Q4, 2015)

 

Lowest Quarterly Return: -9.75% (Q3, 2015)

Bar Chart, Returns for Class Not Offered in Prospectus [Text] rr_BarChartReturnsForClassNotOfferedInProspectus Class 2 shares are not offered under this Prospectus and are currently closed to new investors.
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Highest Quarterly Return
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Dec. 31, 2015
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 14.47%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Lowest Quarterly Return
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2015
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (9.75%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deduction for fees, expenses, or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown for Class 2 shares only, and after-tax returns for other Classes will vary.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock

In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are shown for Class 2 shares only, and after-tax returns for other Classes will vary. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements. A description of the Fund's comparative index and details regarding the calculation of the Fund's class-by-class performance are provided in the section of the Prospectus entitled "Additional Performance Information".

Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock

Updated information on the Fund's investment performance can be obtained by visiting http://USmutualfund.bailliegifford.com.

Caption rr_AverageAnnualReturnCaption Average Annual Total Returns for Periods Ended December 31, 2016
Class K & Institutional Class Prospectus | Baillie Gifford The Long Term Global Growth Equity Fund | MSCI ACWI Index  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 8.48% [1]
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 2.00% [1]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Jun. 10, 2014
Class K & Institutional Class Prospectus | Baillie Gifford The Long Term Global Growth Equity Fund | Class K  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Management Fees rr_ManagementFeesOverAssets 0.62% [2]
Distribution and/or 12b-1 Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.25% [3]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.87%
Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.10%) [4]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.77%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 79
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 268
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 472
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,063
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 79
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 268
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 472
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,063
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 (3.80%) [5]
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 5.42% [5]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Jun. 10, 2014
Class K & Institutional Class Prospectus | Baillie Gifford The Long Term Global Growth Equity Fund | Institutional Class  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Management Fees rr_ManagementFeesOverAssets 0.62% [2]
Distribution and/or 12b-1 Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.40% [3]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.02%
Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.10%) [4]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.92%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 94
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 315
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 554
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,239
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 94
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 315
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 554
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,239
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 (3.95%) [5]
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 5.26% [5]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Jun. 10, 2014
Class K & Institutional Class Prospectus | Baillie Gifford The Long Term Global Growth Equity Fund | Class 2  
Risk/Return: rr_RiskReturnAbstract  
Annual Return 2015 rr_AnnualReturn2015 13.99%
Annual Return 2016 rr_AnnualReturn2016 (3.80%)
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 (3.80%)
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 5.42%
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Jun. 10, 2014
Class K & Institutional Class Prospectus | Baillie Gifford The Long Term Global Growth Equity Fund | Class 2 | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 (3.93%)
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 5.22%
Class K & Institutional Class Prospectus | Baillie Gifford The Long Term Global Growth Equity Fund | Class 2 | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 (2.04%)
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 4.14%
[1] The source of the index data is MSCI Inc. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.
[2] The Management Fee consists of an Advisory Fee and an Administration and Supervisory Fee paid by the Fund to Baillie Gifford Overseas Limited (the "Manager").
[3] Class K and Institutional Class were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for the current fiscal year based on the Other Expenses of Class 2 shares. Class 2 shares are not offered under this Prospectus and are currently closed to new investors.
[4] The Manager has contractually agreed to waive its fees and/or bear other expenses of The Long Term Global Growth Equity Fund through April 30, 2018 to the extent that such Fund's Total Annual Fund Operating Expenses (excluding interest, taxes and extraordinary expenses) exceed 0.77% for Class K shares and 0.92% for Institutional Class shares. The contractual agreement may only be terminated by the Board of Trustees of the Trust.
[5] Performance figures for Class K and Institutional Class shares, which have been operational for less than a full calendar year as of the date of this Prospectus, are derived from the historical performance of Class 2 shares. Performance figures for Institutional Class shares have been adjusted for the higher total annual operating expenses expected to be incurred by Institutional Class shares.
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Class K & Institutional Class Prospectus | Baillie Gifford Positive Change Equity Fund
Baillie Gifford Positive Change Equity Fund
Investment Objective

The Positive Change Equity Fund seeks capital appreciation with an emphasis on investing in businesses that deliver positive change by contributing towards a more sustainable and inclusive world.

Fees and Expenses

The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees (Fees paid directly from your investment)
Shareholder Fees - Class K & Institutional Class Prospectus - Baillie Gifford Positive Change Equity Fund - USD ($)
Class K
Institutional Class
Shareholder Fees (Fees paid directly from your investment) none none
Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - Class K & Institutional Class Prospectus - Baillie Gifford Positive Change Equity Fund
Class K
Institutional Class
Management Fees [1] 0.50% 0.50%
Distribution and/or 12b-1 Fees none none
Other Expenses [2] 0.56% 0.71%
Total Annual Fund Operating Expenses 1.06% 1.21%
Fee Waiver and/or Expense Reimbursement [3] 0.41% 0.41%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 0.65% 0.80%
[1] The Management Fee consists of an Advisory Fee and an Administration and Supervisory Fee paid by the Fund to Baillie Gifford Overseas Limited (the "Manager").
[2] Other expenses for Class K and Institutional Class have been estimated for the current fiscal year based on estimated Fund assets of $25 million, the minimum initial investment amount for Class K shares.
[3] The Manager has contractually agreed to waive its fees and/or bear other expenses of The Positive Change Equity Fund through April 30, 2019 to the extent that such Fund's Total Annual Fund Operating Expenses (excluding interest, taxes and extraordinary expenses) exceed 0.65% for Class K shares and 0.80% for Institutional Class shares. The contractual agreement may only be terminated by the Board of Trustees of the Trust.
Example of Expenses

The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. The example below also applies any contractual expense waivers and/or expense reimbursements to the first year of each period listed in the table.

Although your actual costs may be higher or lower, based on these assumptions, your expenses would be:
Expense Example - Class K & Institutional Class Prospectus - Baillie Gifford Positive Change Equity Fund - USD ($)
Class K
Institutional Class
1 Year $ 66 $ 82
3 Years $ 296 $ 343
Expense Example No Redemption - Class K & Institutional Class Prospectus - Baillie Gifford Positive Change Equity Fund - USD ($)
Class K
Institutional Class
1 Year $ 66 $ 82
3 Years $ 296 $ 343
Portfolio Turnover

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Annual Fund Operating Expenses" or in the "Example of Expenses" above, affect the Fund's performance. Because the Fund has not commenced operations, it does not have a portfolio turnover rate.

Principal Investment Strategies

The Fund seeks to meet its objective by investing in a global portfolio of equities, which include common stock and other equity securities, of issuers located in countries of developed and emerging markets. Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. The Fund invests predominantly in securities issued by companies located in countries contained in the MSCI ACWI Index, cash and cash equivalents. 


The Fund may hold equity securities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund may invest in issuers of any market capitalization and may participate in initial public offerings ("IPOs"). 


The portfolio managers select companies without regard to the MSCI ACWI 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The intended outcome is a portfolio of between 25-50 quality growth companies with the potential to outperform the benchmark over the long-term and which the portfolio managers consider to have core ambitions of delivering a positive change in at least one of the following areas: social inclusion and education, healthcare, the environment, and addressing basic needs and aspirations of the world's poorest populations. In order to assess positive change in these areas, the Manager will use a set of internal matrices and/or milestones for each issuer and, over the long term, judge the social impact against these matrices and/or milestones. With respect to each area, the Manager pursues an active, positive approach; investment decisions are generally not made on the basis of negative "screening" of companies viewed as socially irresponsible.


The Fund is a non-diversified fund, which means that it may invest a relatively large percentage of its assets in a small number of issuers, industries or sectors. The Fund tends to hold securities for long periods (typically 5-10 years), which results in relatively low portfolio turnover and is in line with the Fund's 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 may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options.

Principal Risks

The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You could lose money by investing in the Fund.


The principal risks of investing in this Fund (in alphabetical order) are:


  • Currency and Currency Hedging Risk – The Fund could lose value if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value. A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains.

  • Emerging Markets Risk – To the extent the Fund invests in emerging market securities, the Fund may be exposed to greater market, credit, currency, liquidity, legal, political, technical and other risks different from, or greater than, the risks of investing in developed markets.

  • Equity Securities Risk – Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer.

  • Focused Investment Risk – Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused.

  • Growth Stock Risk – The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors.

  • Information Technology Risk – Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations.

  • Impact Risk – Under certain circumstances the Fund's positive change objectives set for each company, as determined by the Manager, may not be achieved.  In some circumstances, companies could ultimately have a negative impact. See also "Socially Responsible Investing Risk."

  • IPO Risk – The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile.

  • Large Capitalization Securities Risk – Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies.

  • Liquidity Risk – The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments.

  • Long-Term Investment Strategy Risk – The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term.  An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses.

  • Market Disruption and Geopolitical Risk – The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions.

  • Market Risk – The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares.

  • Non-Diversification Risk – Because the Fund may invest a relatively large percentage of its assets in a single issuer or small number of issuers, its performance could be closely tied to the value of that one issuer or issuers, and could be more volatile than the performance of diversified funds.

  • Non-U.S. Investment Risk – Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S.

  • Service Provider Risk – The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund.

  • Settlement Risk – The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities, or prevent the Fund from selling securities at times and prices it considers desirable.

  • Small- and Medium-Capitalization Securities Risk – Securities of small- and medium-capitalization companies can be more volatile due to various factors including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines, than the securities of larger, more established companies.

  • Socially Responsible Investing Risk – The Fund's incorporation of environmental, social and governance considerations in its investment process may cause it to make different investments than funds that have a similar investment universe and/or investment style but that do not incorporate such considerations in their strategy or investment processes. Under certain economic conditions, this could cause the Fund's investment performance to be worse than similar Funds that do not incorporate such considerations in their investment strategies or processes. See also "Impact Risk."
Performance

The Fund had not commenced operations as of December 31, 2016. Accordingly, performance data is not included. When performance data becomes available, it will be posted to the following website: http://USmutualfund.bailliegifford.com. Past performance (before and after taxes) is not an indication of future performance. A description of the Fund's comparative index is provided in the section of the Prospectus entitled "Additional Performance Information".

XML 39 R81.htm IDEA: XBRL DOCUMENT v3.8.0.1
Label Element Value
Class K & Institutional Class Prospectus | Baillie Gifford Positive Change Equity Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Baillie Gifford Positive Change Equity Fund
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Positive Change Equity Fund seeks capital appreciation with an emphasis on investing in businesses that deliver positive change by contributing towards a more sustainable and inclusive world.

Expense [Heading] rr_ExpenseHeading Fees and Expenses
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (Fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination Apr. 30, 2019
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Annual Fund Operating Expenses" or in the "Example of Expenses" above, affect the Fund's performance. Because the Fund has not commenced operations, it does not have a portfolio turnover rate.

Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Other expenses for Class K and Institutional Class have been estimated for the current fiscal year based on estimated Fund assets of $25 million, the minimum initial investment amount for Class K shares.
Expense Example [Heading] rr_ExpenseExampleHeading Example of Expenses
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. The example below also applies any contractual expense waivers and/or expense reimbursements to the first year of each period listed in the table.

Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption Although your actual costs may be higher or lower, based on these assumptions, your expenses would be:
Strategy [Heading] rr_StrategyHeading Principal Investment Strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund seeks to meet its objective by investing in a global portfolio of equities, which include common stock and other equity securities, of issuers located in countries of developed and emerging markets. Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. The Fund invests predominantly in securities issued by companies located in countries contained in the MSCI ACWI Index, cash and cash equivalents. 


The Fund may hold equity securities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund may invest in issuers of any market capitalization and may participate in initial public offerings ("IPOs"). 


The portfolio managers select companies without regard to the MSCI ACWI 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The intended outcome is a portfolio of between 25-50 quality growth companies with the potential to outperform the benchmark over the long-term and which the portfolio managers consider to have core ambitions of delivering a positive change in at least one of the following areas: social inclusion and education, healthcare, the environment, and addressing basic needs and aspirations of the world's poorest populations. In order to assess positive change in these areas, the Manager will use a set of internal matrices and/or milestones for each issuer and, over the long term, judge the social impact against these matrices and/or milestones. With respect to each area, the Manager pursues an active, positive approach; investment decisions are generally not made on the basis of negative "screening" of companies viewed as socially irresponsible.


The Fund is a non-diversified fund, which means that it may invest a relatively large percentage of its assets in a small number of issuers, industries or sectors. The Fund tends to hold securities for long periods (typically 5-10 years), which results in relatively low portfolio turnover and is in line with the Fund's 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 may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options.

Risk [Heading] rr_RiskHeading Principal Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You could lose money by investing in the Fund.


The principal risks of investing in this Fund (in alphabetical order) are:


  • Currency and Currency Hedging Risk – The Fund could lose value if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value. A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains.

  • Emerging Markets Risk – To the extent the Fund invests in emerging market securities, the Fund may be exposed to greater market, credit, currency, liquidity, legal, political, technical and other risks different from, or greater than, the risks of investing in developed markets.

  • Equity Securities Risk – Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer.

  • Focused Investment Risk – Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused.

  • Growth Stock Risk – The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors.

  • Information Technology Risk – Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations.

  • Impact Risk – Under certain circumstances the Fund's positive change objectives set for each company, as determined by the Manager, may not be achieved.  In some circumstances, companies could ultimately have a negative impact. See also "Socially Responsible Investing Risk."

  • IPO Risk – The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile.

  • Large Capitalization Securities Risk – Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies.

  • Liquidity Risk – The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments.

  • Long-Term Investment Strategy Risk – The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term.  An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses.

  • Market Disruption and Geopolitical Risk – The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions.

  • Market Risk – The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares.

  • Non-Diversification Risk – Because the Fund may invest a relatively large percentage of its assets in a single issuer or small number of issuers, its performance could be closely tied to the value of that one issuer or issuers, and could be more volatile than the performance of diversified funds.

  • Non-U.S. Investment Risk – Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S.

  • Service Provider Risk – The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund.

  • Settlement Risk – The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities, or prevent the Fund from selling securities at times and prices it considers desirable.

  • Small- and Medium-Capitalization Securities Risk – Securities of small- and medium-capitalization companies can be more volatile due to various factors including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines, than the securities of larger, more established companies.

  • Socially Responsible Investing Risk – The Fund's incorporation of environmental, social and governance considerations in its investment process may cause it to make different investments than funds that have a similar investment universe and/or investment style but that do not incorporate such considerations in their strategy or investment processes. Under certain economic conditions, this could cause the Fund's investment performance to be worse than similar Funds that do not incorporate such considerations in their investment strategies or processes. See also "Impact Risk."
Risk Lose Money [Text] rr_RiskLoseMoney You could lose money by investing in the Fund.
Risk Nondiversified Status [Text] rr_RiskNondiversifiedStatus Because the Fund may invest a relatively large percentage of its assets in a single issuer or small number of issuers, its performance could be closely tied to the value of that one issuer or issuers, and could be more volatile than the performance of diversified funds.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The Fund had not commenced operations as of December 31, 2016. Accordingly, performance data is not included. When performance data becomes available, it will be posted to the following website: http://USmutualfund.bailliegifford.com. Past performance (before and after taxes) is not an indication of future performance. A description of the Fund's comparative index is provided in the section of the Prospectus entitled "Additional Performance Information".

Performance One Year or Less [Text] rr_PerformanceOneYearOrLess The Fund had not commenced operations as of December 31, 2016. Accordingly, performance data is not included.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress http://USmutualfund.bailliegifford.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance (before and after taxes) is not an indication of future performance.
Class K & Institutional Class Prospectus | Baillie Gifford Positive Change Equity Fund | Class K  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Management Fees rr_ManagementFeesOverAssets 0.50% [1]
Distribution and/or 12b-1 Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.56% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.06%
Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets 0.41% [3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.65%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 66
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 296
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 66
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 296
Class K & Institutional Class Prospectus | Baillie Gifford Positive Change Equity Fund | Institutional Class  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Management Fees rr_ManagementFeesOverAssets 0.50% [1]
Distribution and/or 12b-1 Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.71% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.21%
Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets 0.41% [3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.80%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 82
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 343
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 82
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 $ 343
[1] The Management Fee consists of an Advisory Fee and an Administration and Supervisory Fee paid by the Fund to Baillie Gifford Overseas Limited (the "Manager").
[2] Other expenses for Class K and Institutional Class have been estimated for the current fiscal year based on estimated Fund assets of $25 million, the minimum initial investment amount for Class K shares.
[3] The Manager has contractually agreed to waive its fees and/or bear other expenses of The Positive Change Equity Fund through April 30, 2019 to the extent that such Fund's Total Annual Fund Operating Expenses (excluding interest, taxes and extraordinary expenses) exceed 0.65% for Class K shares and 0.80% for Institutional Class shares. The contractual agreement may only be terminated by the Board of Trustees of the Trust.
XML 40 R82.htm IDEA: XBRL DOCUMENT v3.8.0.1
Class K & Institutional Class Prospectus | Baillie Gifford U.S. Equity Growth Fund
Baillie Gifford U.S. Equity Growth Fund
Investment Objective

The U.S. Equity Growth Fund seeks capital appreciation.

Fees and Expenses

The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees (Fees paid directly from your investment)
Shareholder Fees - Class K & Institutional Class Prospectus - Baillie Gifford U.S. Equity Growth Fund - USD ($)
Class K
Institutional Class
Shareholder Fees (Fees paid directly from your investment) none none
Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - Class K & Institutional Class Prospectus - Baillie Gifford U.S. Equity Growth Fund
Class K
Institutional Class
Management Fees [1] 0.50% 0.50%
Distribution and/or 12b-1 Fees none none
Other Expenses [2] 0.35% 0.50%
Total Annual Fund Operating Expenses 0.85% 1.00%
Fee Waiver and/or Expense Reimbursement [3] (0.28%) (0.28%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 0.57% 0.72%
[1] The Management Fee consists of an Advisory Fee and an Administration and Supervisory Fee paid by the Fund to Baillie Gifford Overseas Limited (the "Manager").
[2] Class K and Institutional Class were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for the current fiscal year based on estimated Fund assets of $25 million, the minimum initial investment amount for Class K shares.
[3] The Manager has contractually agreed to waive its fees and/or bear other expenses of The U.S. Equity Growth Fund through April 30, 2018 to the extent that such Fund's Total Annual Fund Operating Expenses (excluding interest, taxes and extraordinary expenses) exceed 0.57% for Class K shares and 0.72% for Institutional Class shares. The contractual agreement may only be terminated by the Board of Trustees of the Trust.
Example of Expenses

The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same.

Although your actual costs may be higher or lower, based on these assumptions, your expenses would be:
Expense Example - Class K & Institutional Class Prospectus - Baillie Gifford U.S. Equity Growth Fund - USD ($)
Class K
Institutional Class
1 Year $ 58 $ 74
3 Years $ 243 $ 291
Expense Example No Redemption - Class K & Institutional Class Prospectus - Baillie Gifford U.S. Equity Growth Fund - USD ($)
Class K
Institutional Class
1 Year $ 58 $ 74
3 Years $ 243 $ 291
Portfolio Turnover

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Total Annual Fund Operating Expenses" or in the Example above, affect the Fund's performance. The Fund has not yet completed its first full year of operations. During the period from December 5, 2016 to December 31, 2016, the Fund's portfolio turnover rate was 3% of the average value of its portfolio.

Principal Investment Strategies

The Fund seeks to meet its objective by investing in a portfolio of equities, which include common stock and other equity securities, of issuers located in the U.S.


Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in common stocks and other equity securities of companies whose principal activities are in the U.S. The Fund may hold equity securities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund typically invests primarily in issuers with a market capitalization of more than $1.5 billion and may participate in initial public offerings ("IPOs").


The portfolio managers select companies without regard to a benchmark, generally investing in a portfolio of between 40-60 quality growth companies. 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The Fund is a non-diversified fund, which means that it may invest a relatively large percentage of its assets in a small number of issuers, industries or sectors. The Fund tends to hold securities for long periods (typically 5 years), which results in relatively low portfolio turnover and is in line with the Fund's long-term investment outlook.


In response to adverse market, economic, political or other conditions, the Fund may deviate from its investment policies by taking temporary defensive positions with some or all of its assets in high quality income securities, cash or cash equivalents. As a result, during such conditions, the Fund may not achieve its investment objective.

Principal Risks

The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You could lose money by investing in the Fund.


The principal risks of investing in this Fund (in alphabetical order) are:


  • Equity Securities Risk – Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer.

  • Focused Investment Risk – Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused.

  • Growth Stock Risk – The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors.

  • Information Technology Risk – Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations.

  • IPO Risk – The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile.

  • Large Capitalization Securities Risk – Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies.

  • Liquidity Risk – The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments.

  • Long-Term Investment Strategy Risk – The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term.  An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses.

  • Market Disruption and Geopolitical Risk – The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions.

  • Market Risk – The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares.

  • Non-Diversification Risk – Certain Funds are classified as "non-diversified" funds. A non-diversified Fund may hold a smaller number of portfolio securities, with larger positions in each security it holds, than many other mutual funds. To the extent a Fund invests in a relatively small number of issuers, a decline in the market value of a particular security held by the Fund may affect its value more than if it invested in a larger number of issuers. The value of such Fund's shares may be more volatile than the values of shares of more diversified funds. See also "Focused Investment Risk."

  • Service Provider Risk – The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund.

  • Small- and Medium-Capitalization Securities Risk – Securities of small- and medium-capitalization companies can be more volatile due to various factors including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines, than the securities of larger, more established companies.
Performance

The Fund commenced operations on December 5, 2016 and does not have a full calendar year of performance available.  Accordingly, performance data is not included. When performance data becomes available, it will be posted to the following website: http://USmutualfund.bailliegifford.com. Past performance (before and after taxes) is not an indication of future performance.

XML 41 R87.htm IDEA: XBRL DOCUMENT v3.8.0.1
Label Element Value
Class K & Institutional Class Prospectus | Baillie Gifford U.S. Equity Growth Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Baillie Gifford U.S. Equity Growth Fund
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The U.S. Equity Growth Fund seeks capital appreciation.

Expense [Heading] rr_ExpenseHeading Fees and Expenses
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (Fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination Apr. 30, 2018
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Total Annual Fund Operating Expenses" or in the Example above, affect the Fund's performance. The Fund has not yet completed its first full year of operations. During the period from December 5, 2016 to December 31, 2016, the Fund's portfolio turnover rate was 3% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 3.00%
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Class K and Institutional Class were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for the current fiscal year based on estimated Fund assets of $25 million, the minimum initial investment amount for Class K shares.
Expense Example [Heading] rr_ExpenseExampleHeading Example of Expenses
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same.

Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption Although your actual costs may be higher or lower, based on these assumptions, your expenses would be:
Strategy [Heading] rr_StrategyHeading Principal Investment Strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund seeks to meet its objective by investing in a portfolio of equities, which include common stock and other equity securities, of issuers located in the U.S.


Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in common stocks and other equity securities of companies whose principal activities are in the U.S. The Fund may hold equity securities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund typically invests primarily in issuers with a market capitalization of more than $1.5 billion and may participate in initial public offerings ("IPOs").


The portfolio managers select companies without regard to a benchmark, generally investing in a portfolio of between 40-60 quality growth companies. 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The Fund is a non-diversified fund, which means that it may invest a relatively large percentage of its assets in a small number of issuers, industries or sectors. The Fund tends to hold securities for long periods (typically 5 years), which results in relatively low portfolio turnover and is in line with the Fund's long-term investment outlook.


In response to adverse market, economic, political or other conditions, the Fund may deviate from its investment policies by taking temporary defensive positions with some or all of its assets in high quality income securities, cash or cash equivalents. As a result, during such conditions, the Fund may not achieve its investment objective.

Risk [Heading] rr_RiskHeading Principal Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You could lose money by investing in the Fund.


The principal risks of investing in this Fund (in alphabetical order) are:


  • Equity Securities Risk – Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer.

  • Focused Investment Risk – Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused.

  • Growth Stock Risk – The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors.

  • Information Technology Risk – Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations.

  • IPO Risk – The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile.

  • Large Capitalization Securities Risk – Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies.

  • Liquidity Risk – The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments.

  • Long-Term Investment Strategy Risk – The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term.  An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses.

  • Market Disruption and Geopolitical Risk – The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions.

  • Market Risk – The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares.

  • Non-Diversification Risk – Certain Funds are classified as "non-diversified" funds. A non-diversified Fund may hold a smaller number of portfolio securities, with larger positions in each security it holds, than many other mutual funds. To the extent a Fund invests in a relatively small number of issuers, a decline in the market value of a particular security held by the Fund may affect its value more than if it invested in a larger number of issuers. The value of such Fund's shares may be more volatile than the values of shares of more diversified funds. See also "Focused Investment Risk."

  • Service Provider Risk – The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund.

  • Small- and Medium-Capitalization Securities Risk – Securities of small- and medium-capitalization companies can be more volatile due to various factors including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines, than the securities of larger, more established companies.
Risk Lose Money [Text] rr_RiskLoseMoney You could lose money by investing in the Fund.
Risk Nondiversified Status [Text] rr_RiskNondiversifiedStatus Certain Funds are classified as "non-diversified" funds. A non-diversified Fund may hold a smaller number of portfolio securities, with larger positions in each security it holds, than many other mutual funds. To the extent a Fund invests in a relatively small number of issuers, a decline in the market value of a particular security held by the Fund may affect its value more than if it invested in a larger number of issuers. The value of such Fund's shares may be more volatile than the values of shares of more diversified funds. See also "Focused Investment Risk."
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The Fund commenced operations on December 5, 2016 and does not have a full calendar year of performance available.  Accordingly, performance data is not included. When performance data becomes available, it will be posted to the following website: http://USmutualfund.bailliegifford.com. Past performance (before and after taxes) is not an indication of future performance.

Performance One Year or Less [Text] rr_PerformanceOneYearOrLess The Fund commenced operations on December 5, 2016 and does not have a full calendar year of performance available. Accordingly, performance data is not included.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress http://USmutualfund.bailliegifford.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance (before and after taxes) is not an indication of future performance.
Class K & Institutional Class Prospectus | Baillie Gifford U.S. Equity Growth Fund | Class K  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Management Fees rr_ManagementFeesOverAssets 0.50% [1]
Distribution and/or 12b-1 Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.35% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.85%
Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.28%) [3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.57%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 58
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 243
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 58
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 243
Class K & Institutional Class Prospectus | Baillie Gifford U.S. Equity Growth Fund | Institutional Class  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Management Fees rr_ManagementFeesOverAssets 0.50% [1]
Distribution and/or 12b-1 Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.50% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.00%
Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.28%) [3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.72%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 74
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 291
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 74
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 $ 291
[1] The Management Fee consists of an Advisory Fee and an Administration and Supervisory Fee paid by the Fund to Baillie Gifford Overseas Limited (the "Manager").
[2] Class K and Institutional Class were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for the current fiscal year based on estimated Fund assets of $25 million, the minimum initial investment amount for Class K shares.
[3] The Manager has contractually agreed to waive its fees and/or bear other expenses of The U.S. Equity Growth Fund through April 30, 2018 to the extent that such Fund's Total Annual Fund Operating Expenses (excluding interest, taxes and extraordinary expenses) exceed 0.57% for Class K shares and 0.72% for Institutional Class shares. The contractual agreement may only be terminated by the Board of Trustees of the Trust.
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Class 2, 3, 4, & 5 Prospectus | Baillie Gifford EAFE Fund
Baillie Gifford EAFE Fund
Investment Objective

The EAFE Fund seeks capital appreciation.

Fees and Expenses

The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees (Fees paid directly from your investment)
Shareholder Fees - Class 2, 3, 4, & 5 Prospectus - Baillie Gifford EAFE Fund - USD ($)
Class 2
Class 3
Class 4
Class 5
Shareholder Fees (Fees paid directly from your investment) none none none none
Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - Class 2, 3, 4, & 5 Prospectus - Baillie Gifford EAFE Fund
Class 2
Class 3
Class 4
Class 5
Advisory Fees [1] 0.35% 0.35% 0.35% 0.35%
Service Fees [2] 0.17% 0.10% 0.07% 0.02%
Other Expenses 0.09% 0.09% 0.09% [3] 0.09%
Total Annual Fund Operating Expenses 0.61% 0.54% 0.51% 0.46%
[1] Advisory Fees have been restated to reflect current fees, including the effects of Advisory Fee breakpoints as applied to the average daily net assets of the Fund over the prior fiscal year. See "Fund Management-Investment Manager-Investment Services" below for additional detail.
[2] Service Fees differ between the Classes of the Fund to reflect varying levels of shareholder servicing fees payable to Baillie Gifford Overseas Limited (the "Manager"), as described in detail under "Share Classes-Shareholder Service Fees" below.
[3] Class 4 had less than 6 months of operating results for the year ended December 31, 2016. Therefore Other Expenses have been estimated for this Class based on the Other Expenses of Class 2 shares.
Example of Expenses

The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same.

Although your actual costs may be higher or lower, based on these assumptions, your expenses would be:
Expense Example - Class 2, 3, 4, & 5 Prospectus - Baillie Gifford EAFE Fund - USD ($)
Class 2
Class 3
Class 4
Class 5
1 Year $ 62 $ 55 $ 52 $ 47
3 Years 195 173 164 148
5 Years 340 302 285 258
10 Years $ 762 $ 677 $ 640 $ 579
Expense Example No Redemption - Class 2, 3, 4, & 5 Prospectus - Baillie Gifford EAFE Fund - USD ($)
Class 2
Class 3
Class 4
Class 5
1 Year $ 62 $ 55 $ 52 $ 47
3 Years 195 173 164 148
5 Years 340 302 285 258
10 Years $ 762 $ 677 $ 640 $ 579
Portfolio Turnover

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Total Annual Fund Operating Expenses" or in the Example above, affect the Fund's performance. During the Fund's most recent fiscal year, the Fund's portfolio turnover rate was 18% of the average value of its portfolio.

Principal Investment Strategies

The Fund seeks to meet its objective by investing in a diversified, international portfolio of common stocks and other equity securities of issuers located in countries of developed and emerging markets. 


Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in common stocks and other equity securities of companies that are included in the MSCI EAFE Index or whose principal activities are in Europe, Australasia and/or the Far East. The Fund may additionally invest in up to 10% of its net assets in common stocks and other equities of companies located in North America. The Fund may hold equities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund may invest in issuers of any market capitalization and may participate in initial public offerings ("IPOs"). In selecting companies for investment, the portfolio managers generally consider issuers in both developed and emerging markets. 


The portfolio managers select companies without regard to the MSCI EAFE 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The intended outcome is a diversified portfolio of between 50-60 quality growth companies with the potential to outperform the benchmark over the long-term. The Fund tends to hold securities for long periods (typically 3-5 years), which results in relatively low portfolio turnover and is in line with the Fund's long-term investment outlook.


The Fund may invest without limitation in securities denominated in securities quoted or denominated in currencies other than the U.S. dollar and may hold such currencies. The Fund may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options.

Principal Risks

The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You could lose money by investing in the Fund.


The principal risks of investing in the Fund (in alphabetical order) are:


  • Currency and Currency Hedging Risk – The Fund could lose value if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value. A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains.

  • Emerging Markets Risk – To the extent the Fund invests in emerging market securities, the Fund may be exposed to greater market, credit, currency, liquidity, legal, political, technical and other risks different from, or greater than, the risks of investing in developed markets.

  • Equity Securities Risk – Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer.

  • Focused Investment Risk – Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused.

  • Growth Stock Risk – The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors.

  • Information Technology Risk – Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations.

  • IPO Risk – The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile.

  • Large Capitalization Securities Risk – Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies.

  • Liquidity Risk – The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments.

  • Long-Term Investment Strategy Risk – The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term.  An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses.

  • Market Disruption and Geopolitical Risk – The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions.

  • Market Risk – The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares.

  • Non-U.S. Investment Risk – Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S.

  • Service Provider Risk – The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund.

  • Settlement Risk – The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities, or prevent the Fund from selling securities at times and prices it considers desirable.

  • Small- and Medium-Capitalization Securities Risk – Securities of small- and medium-capitalization companies can be more volatile due to various factors including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines, than the securities of larger, more established companies.
Performance

The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Past performance (before and after taxes) is not an indication of future performance.

Annual Total Returns – Class 2 Shares
Bar Chart

Highest Quarterly Return: 27.36% (Q2, 2009)

 

Lowest Quarterly Return: -21.66% (Q3, 2011)

Average Annual Total Returns for Periods Ended December 31, 2016

In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are shown for Class 2 shares only, and after-tax returns for other Classes will vary. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements. A description of the Fund's comparative index and details regarding the calculation of the Fund's class-by-class performance are provided in the section of the Prospectus entitled "Additional Performance Information".

Average Annual Returns - Class 2, 3, 4, & 5 Prospectus - Baillie Gifford EAFE Fund
Average Annual Returns, 1 Year
Average Annual Returns, 5 Years
Average Annual Returns, Since Inception
Average Annual Returns, Inception Date
Class 2 1.34% 6.92% 2.48% Mar. 06, 2008
Class 3 1.41% [1] 6.99% [1] 2.54% [1] Apr. 19, 2010
Class 4 1.36% [2] 6.92% [2] 2.48% [2] Oct. 10, 2016
Class 5 1.49% [3] 7.46% [3] 2.78% [3] Jul. 18, 2012
After Taxes on Distributions | Class 2 0.15% 6.06% 1.79%  
After Taxes on Distributions and Sale of Fund Shares | Class 2 1.92% 5.33% 1.77%  
MSCI EAFE Index 1.51% [4] 7.01% [4] 1.23% [4] Mar. 06, 2008
[1] Performance for Class 3 shares prior to their date of inception (April 19, 2010) is derived from the historical performance of Class 2 shares, and has not been adjusted for the lower shareholder servicing fees applicable to Class 3 shares; had it, returns would have been higher.
[2] Performance for Class 4 shares prior to their date of inception (October 10, 2016) is derived from the historical performance of Class 2 shares, and has not been adjusted for the lower shareholder servicing fees applicable to Class 4 shares; had it, returns would have been higher.
[3] Performance of Class 5 shares prior to their date of inception (July 18, 2012) is derived from the historical performance of Class 2 shares, and has not been adjusted for the lower shareholder servicing fees applicable to Class 5 shares; had it, returns would have been higher.
[4] The source of the index data is MSCI Inc. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.

Updated information on the Fund's investment performance can be obtained by visiting http://USmutualfund.bailliegifford.com.

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Label Element Value
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford EAFE Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Baillie Gifford EAFE Fund
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The EAFE Fund seeks capital appreciation.

Expense [Heading] rr_ExpenseHeading Fees and Expenses
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (Fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Total Annual Fund Operating Expenses" or in the Example above, affect the Fund's performance. During the Fund's most recent fiscal year, the Fund's portfolio turnover rate was 18% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 18.00%
Expenses Restated to Reflect Current [Text] rr_ExpensesRestatedToReflectCurrent Advisory Fees have been restated to reflect current fees, including the effects of Advisory Fee breakpoints as applied to the average daily net assets of the Fund over the prior fiscal year.
Expense Example [Heading] rr_ExpenseExampleHeading Example of Expenses
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same.

Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption Although your actual costs may be higher or lower, based on these assumptions, your expenses would be:
Strategy [Heading] rr_StrategyHeading Principal Investment Strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund seeks to meet its objective by investing in a diversified, international portfolio of common stocks and other equity securities of issuers located in countries of developed and emerging markets. 


Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in common stocks and other equity securities of companies that are included in the MSCI EAFE Index or whose principal activities are in Europe, Australasia and/or the Far East. The Fund may additionally invest in up to 10% of its net assets in common stocks and other equities of companies located in North America. The Fund may hold equities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund may invest in issuers of any market capitalization and may participate in initial public offerings ("IPOs"). In selecting companies for investment, the portfolio managers generally consider issuers in both developed and emerging markets. 


The portfolio managers select companies without regard to the MSCI EAFE 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The intended outcome is a diversified portfolio of between 50-60 quality growth companies with the potential to outperform the benchmark over the long-term. The Fund tends to hold securities for long periods (typically 3-5 years), which results in relatively low portfolio turnover and is in line with the Fund's long-term investment outlook.


The Fund may invest without limitation in securities denominated in securities quoted or denominated in currencies other than the U.S. dollar and may hold such currencies. The Fund may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options.

Risk [Heading] rr_RiskHeading Principal Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You could lose money by investing in the Fund.


The principal risks of investing in the Fund (in alphabetical order) are:


  • Currency and Currency Hedging Risk – The Fund could lose value if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value. A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains.

  • Emerging Markets Risk – To the extent the Fund invests in emerging market securities, the Fund may be exposed to greater market, credit, currency, liquidity, legal, political, technical and other risks different from, or greater than, the risks of investing in developed markets.

  • Equity Securities Risk – Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer.

  • Focused Investment Risk – Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused.

  • Growth Stock Risk – The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors.

  • Information Technology Risk – Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations.

  • IPO Risk – The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile.

  • Large Capitalization Securities Risk – Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies.

  • Liquidity Risk – The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments.

  • Long-Term Investment Strategy Risk – The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term.  An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses.

  • Market Disruption and Geopolitical Risk – The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions.

  • Market Risk – The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares.

  • Non-U.S. Investment Risk – Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S.

  • Service Provider Risk – The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund.

  • Settlement Risk – The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities, or prevent the Fund from selling securities at times and prices it considers desirable.

  • Small- and Medium-Capitalization Securities Risk – Securities of small- and medium-capitalization companies can be more volatile due to various factors including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines, than the securities of larger, more established companies.
Risk Lose Money [Text] rr_RiskLoseMoney You could lose money by investing in the Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Past performance (before and after taxes) is not an indication of future performance.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress http://USmutualfund.bailliegifford.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance (before and after taxes) is not an indication of future performance.
Bar Chart [Heading] rr_BarChartHeading Annual Total Returns – Class 2 Shares
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

Highest Quarterly Return: 27.36% (Q2, 2009)

 

Lowest Quarterly Return: -21.66% (Q3, 2011)

Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Highest Quarterly Return
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 27.36%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Lowest Quarterly Return
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (21.66%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deduction for fees, expenses, or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown for Class 2 shares only, and after-tax returns for other Classes will vary.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock

In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are shown for Class 2 shares only, and after-tax returns for other Classes will vary. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements. A description of the Fund's comparative index and details regarding the calculation of the Fund's class-by-class performance are provided in the section of the Prospectus entitled "Additional Performance Information".

Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock

Updated information on the Fund's investment performance can be obtained by visiting http://USmutualfund.bailliegifford.com.

Caption rr_AverageAnnualReturnCaption Average Annual Total Returns for Periods Ended December 31, 2016
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford EAFE Fund | MSCI EAFE Index  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 1.51% [1]
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 7.01% [1]
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 1.23% [1]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Mar. 06, 2008
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford EAFE Fund | Class 2  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Advisory Fees rr_ManagementFeesOverAssets 0.35% [2]
Service Fees rr_DistributionAndService12b1FeesOverAssets 0.17% [3]
Other Expenses rr_OtherExpensesOverAssets 0.09%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.61%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 62
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 195
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 340
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 762
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 62
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 195
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 340
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 762
Annual Return 2009 rr_AnnualReturn2009 45.75%
Annual Return 2010 rr_AnnualReturn2010 16.60%
Annual Return 2011 rr_AnnualReturn2011 (11.70%)
Annual Return 2012 rr_AnnualReturn2012 18.78%
Annual Return 2013 rr_AnnualReturn2013 28.69%
Annual Return 2014 rr_AnnualReturn2014 (6.94%)
Annual Return 2015 rr_AnnualReturn2015 (3.07%)
Annual Return 2016 rr_AnnualReturn2016 1.34%
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 1.34%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 6.92%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 2.48%
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Mar. 06, 2008
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford EAFE Fund | Class 2 | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 0.15%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 6.06%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 1.79%
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford EAFE Fund | Class 2 | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 1.92%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 5.33%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 1.77%
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford EAFE Fund | Class 3  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Advisory Fees rr_ManagementFeesOverAssets 0.35% [2]
Service Fees rr_DistributionAndService12b1FeesOverAssets 0.10% [3]
Other Expenses rr_OtherExpensesOverAssets 0.09%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.54%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 55
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 173
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 302
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 677
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 55
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 173
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 302
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 677
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 1.41% [4]
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 6.99% [4]
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 2.54% [4]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Apr. 19, 2010
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford EAFE Fund | Class 4  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Advisory Fees rr_ManagementFeesOverAssets 0.35% [2]
Service Fees rr_DistributionAndService12b1FeesOverAssets 0.07% [3]
Other Expenses rr_OtherExpensesOverAssets 0.09% [5]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.51%
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Class 4 had less than 6 months of operating results for the year ended December 31, 2016. Therefore Other Expenses have been estimated for this Class based on the Other Expenses of Class 2 shares.
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 52
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 164
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 285
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 640
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 52
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 164
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 285
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 640
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 1.36% [6]
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 6.92% [6]
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 2.48% [6]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Oct. 10, 2016
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford EAFE Fund | Class 5  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Advisory Fees rr_ManagementFeesOverAssets 0.35% [2]
Service Fees rr_DistributionAndService12b1FeesOverAssets 0.02% [3]
Other Expenses rr_OtherExpensesOverAssets 0.09%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.46%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 47
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 148
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 258
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 579
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 47
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 148
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 258
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 579
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 1.49% [7]
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 7.46% [7]
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 2.78% [7]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Jul. 18, 2012
[1] The source of the index data is MSCI Inc. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.
[2] Advisory Fees have been restated to reflect current fees, including the effects of Advisory Fee breakpoints as applied to the average daily net assets of the Fund over the prior fiscal year. See "Fund Management-Investment Manager-Investment Services" below for additional detail.
[3] Service Fees differ between the Classes of the Fund to reflect varying levels of shareholder servicing fees payable to Baillie Gifford Overseas Limited (the "Manager"), as described in detail under "Share Classes-Shareholder Service Fees" below.
[4] Performance for Class 3 shares prior to their date of inception (April 19, 2010) is derived from the historical performance of Class 2 shares, and has not been adjusted for the lower shareholder servicing fees applicable to Class 3 shares; had it, returns would have been higher.
[5] Class 4 had less than 6 months of operating results for the year ended December 31, 2016. Therefore Other Expenses have been estimated for this Class based on the Other Expenses of Class 2 shares.
[6] Performance for Class 4 shares prior to their date of inception (October 10, 2016) is derived from the historical performance of Class 2 shares, and has not been adjusted for the lower shareholder servicing fees applicable to Class 4 shares; had it, returns would have been higher.
[7] Performance of Class 5 shares prior to their date of inception (July 18, 2012) is derived from the historical performance of Class 2 shares, and has not been adjusted for the lower shareholder servicing fees applicable to Class 5 shares; had it, returns would have been higher.
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XML 46 R96.htm IDEA: XBRL DOCUMENT v3.8.0.1
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford EAFE Choice Fund
Baillie Gifford EAFE Choice Fund
Investment Objective

The EAFE Choice Fund seeks capital appreciation.

Fees and Expenses

The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees (Fees paid directly from your investment)
Shareholder Fees - Class 2, 3, 4, & 5 Prospectus - Baillie Gifford EAFE Choice Fund - USD ($)
Class 2
Class 3
Class 4
Class 5
Shareholder Fees (Fees paid directly from your investment) none none none none
Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - Class 2, 3, 4, & 5 Prospectus - Baillie Gifford EAFE Choice Fund
Class 2
Class 3
Class 4
Class 5
Advisory Fees 0.35% 0.35% 0.35% 0.35%
Service Fees [1] 0.17% 0.10% 0.07% 0.02%
Other Expenses 0.13% 0.13% 0.13% [2] 0.13% [2]
Total Annual Fund Operating Expenses 0.65% 0.58% 0.55% 0.50%
[1] Service Fees differ between the Classes of the Fund to reflect varying levels of shareholder servicing fees payable to Baillie Gifford Overseas Limited (the "Manager"), as described in detail under "Share Classes-Shareholder Service Fees" below.
[2] Classes 4 and 5 were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for these Classes based on the Other Expenses of Class 2 shares.
Example of Expenses

The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same.

Although your actual costs may be higher or lower, based on these assumptions, your expenses would be:
Expense Example - Class 2, 3, 4, & 5 Prospectus - Baillie Gifford EAFE Choice Fund - USD ($)
Class 2
Class 3
Class 4
Class 5
1 Year $ 66 $ 59 $ 56 $ 51
3 Years 208 186 176 160
5 Years 362 324 307 280
10 Years $ 810 $ 726 $ 689 $ 628
Expense Example No Redemption - Class 2, 3, 4, & 5 Prospectus - Baillie Gifford EAFE Choice Fund - USD ($)
Class 2
Class 3
Class 4
Class 5
1 Year $ 66 $ 59 $ 56 $ 51
3 Years 208 186 176 160
5 Years 362 324 307 280
10 Years $ 810 $ 726 $ 689 $ 628
Portfolio Turnover

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Total Annual Fund Operating Expenses" or in the Example above, affect the Fund's performance. During the Fund's most recent fiscal year, the Fund's portfolio turnover rate was 23% of the average value of its portfolio. 

Principal Investment Strategies

The Fund seeks to meet its objective by investing in an international portfolio of common stocks and other equity securities of issuers located in countries of developed and emerging markets. 


Under normal circumstances, the Fund invests at least 85% of its net assets (plus any borrowings for investment purposes) in common stocks and other equity securities of companies whose principal activities are in Europe, Australasia and/or the Far East. The Fund may hold equities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund may invest in issuers of any market capitalization and may participate in initial public offerings ("IPOs"). In selecting companies for investment, the portfolio managers generally consider issuers in both developed and emerging markets. 


The portfolio managers select companies without regard to the MSCI EAFE 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The intended outcome is a diversified portfolio of between 60-90 quality growth companies with the potential to outperform the benchmark over the long-term. The Fund tends to hold securities for long periods (typically 3-5 years), which results in relatively low portfolio turnover and is in line with the Fund's 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 may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options.

Principal Risks

The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You may consequently lose money by investing in the Fund.


The principal risks of investing in the Fund are:


  • Currency and Currency Hedging Risk – The Fund could lose value if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value. A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains.

  • Emerging Markets Risk – To the extent the Fund invests in emerging market securities, the Fund may be exposed to greater market, credit, currency, liquidity, legal, political, technical and other risks different from, or greater than, the risks of investing in developed markets.

  • Equity Securities Risk – Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer.

  • Focused Investment Risk – Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused.

  • Growth Stock Risk – The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors.

  • Information Technology Risk – Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations.

  • IPO Risk – The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile.

  • Large Capitalization Securities Risk – Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies.

  • Liquidity Risk – The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments.

  • Long-Term Investment Strategy Risk – The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term.  An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses.

  • Market Disruption and Geopolitical Risk – The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions.

  • Market Risk – The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares.

  • Non-U.S. Investment Risk – Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S.

  • Service Provider Risk – The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund.

  • Settlement Risk – The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities, or prevent the Fund from selling securities at times and prices it considers desirable.

  • Small- and Medium-Capitalization Securities Risk – Securities of small- and medium-capitalization companies can be more volatile due to various factors including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines, than the securities of larger, more established companies.
Performance

The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Past performance (before and after taxes) is not an indication of future performance.

Annual Total Returns – Class 2 Shares
Bar Chart

Highest Quarterly Return: 17.74% (Q3, 2010)

 

Lowest Quarterly Return: -18.23% (Q3, 2011)

Average Annual Total Returns for Periods Ended December 31, 2016

In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are shown for Class 2 shares only, and after-tax returns for other Classes will vary. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements. A description of the Fund's comparative index and details regarding the calculation of the Fund's class-by-class performance are provided in the section of the Prospectus entitled "Additional Performance Information".

Average Annual Returns - Class 2, 3, 4, & 5 Prospectus - Baillie Gifford EAFE Choice Fund
Average Annual Returns, 1 Year
Average Annual Returns, 5 Years
Average Annual Returns, Since Inception
Average Annual Returns, Inception Date
Class 2 0.59% 7.74% 6.09% Dec. 17, 2009
Class 3 0.66% [1] 7.78% [1] 6.12% [1] Jul. 07, 2014
Class 4 0.59% [2] 7.74% [2] 6.09% [2] Dec. 17, 2009
Class 5 0.59% [3] 7.74% [3] 6.09% [3] Dec. 17, 2009
After Taxes on Distributions | Class 2 0.44% 7.04% 5.33%  
After Taxes on Distributions and Sale of Fund Shares | Class 2 0.73% 5.85% 4.52%  
MSCI EAFE Index 1.51% [4] 7.01% [4] 4.56% [4] Dec. 17, 2009
[1] Performance for Class 3 shares prior to the date Class 3 most recently recommenced investment operations (July 7, 2014) is derived from the historical performance of Class 2 shares, and has not been adjusted for the lower shareholder servicing fees applicable to Class 3 shares; had it, returns would have been higher.
[2] Performance for Class 4 shares, which were unfunded as of December 31, 2016, is derived from the historical performance of Class 2 shares, and has not been adjusted for the lower shareholder servicing fees applicable to Class 4 shares; had it, returns would have been higher.
[3] Performance for Class 5 shares, which were unfunded as of December 31, 2016, is derived from the historical performance of Class 2 shares, and has not been adjusted for the lower shareholder servicing fees applicable to Class 5 shares; had it, returns would have been higher.
[4] The source of the index data is MSCI Inc. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.

Updated information on the Fund's investment performance can be obtained by visiting http://USmutualfund.bailliegifford.com.

XML 47 R103.htm IDEA: XBRL DOCUMENT v3.8.0.1
Label Element Value
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford EAFE Choice Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Baillie Gifford EAFE Choice Fund
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The EAFE Choice Fund seeks capital appreciation.

Expense [Heading] rr_ExpenseHeading Fees and Expenses
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (Fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Total Annual Fund Operating Expenses" or in the Example above, affect the Fund's performance. During the Fund's most recent fiscal year, the Fund's portfolio turnover rate was 23% of the average value of its portfolio. 

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 23.00%
Expense Example [Heading] rr_ExpenseExampleHeading Example of Expenses
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same.

Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption Although your actual costs may be higher or lower, based on these assumptions, your expenses would be:
Strategy [Heading] rr_StrategyHeading Principal Investment Strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund seeks to meet its objective by investing in an international portfolio of common stocks and other equity securities of issuers located in countries of developed and emerging markets. 


Under normal circumstances, the Fund invests at least 85% of its net assets (plus any borrowings for investment purposes) in common stocks and other equity securities of companies whose principal activities are in Europe, Australasia and/or the Far East. The Fund may hold equities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund may invest in issuers of any market capitalization and may participate in initial public offerings ("IPOs"). In selecting companies for investment, the portfolio managers generally consider issuers in both developed and emerging markets. 


The portfolio managers select companies without regard to the MSCI EAFE 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The intended outcome is a diversified portfolio of between 60-90 quality growth companies with the potential to outperform the benchmark over the long-term. The Fund tends to hold securities for long periods (typically 3-5 years), which results in relatively low portfolio turnover and is in line with the Fund's 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 may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options.

Risk [Heading] rr_RiskHeading Principal Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You may consequently lose money by investing in the Fund.


The principal risks of investing in the Fund are:


  • Currency and Currency Hedging Risk – The Fund could lose value if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value. A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains.

  • Emerging Markets Risk – To the extent the Fund invests in emerging market securities, the Fund may be exposed to greater market, credit, currency, liquidity, legal, political, technical and other risks different from, or greater than, the risks of investing in developed markets.

  • Equity Securities Risk – Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer.

  • Focused Investment Risk – Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused.

  • Growth Stock Risk – The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors.

  • Information Technology Risk – Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations.

  • IPO Risk – The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile.

  • Large Capitalization Securities Risk – Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies.

  • Liquidity Risk – The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments.

  • Long-Term Investment Strategy Risk – The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term.  An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses.

  • Market Disruption and Geopolitical Risk – The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions.

  • Market Risk – The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares.

  • Non-U.S. Investment Risk – Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S.

  • Service Provider Risk – The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund.

  • Settlement Risk – The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities, or prevent the Fund from selling securities at times and prices it considers desirable.

  • Small- and Medium-Capitalization Securities Risk – Securities of small- and medium-capitalization companies can be more volatile due to various factors including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines, than the securities of larger, more established companies.
Risk Lose Money [Text] rr_RiskLoseMoney You may consequently lose money by investing in the Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Past performance (before and after taxes) is not an indication of future performance.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress http://USmutualfund.bailliegifford.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance (before and after taxes) is not an indication of future performance.
Bar Chart [Heading] rr_BarChartHeading Annual Total Returns – Class 2 Shares
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

Highest Quarterly Return: 17.74% (Q3, 2010)

 

Lowest Quarterly Return: -18.23% (Q3, 2011)

Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Highest Quarterly Return
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2010
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 17.74%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Lowest Quarterly Return
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (18.23%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deduction for fees, expenses, or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown for Class 2 shares only, and after-tax returns for other Classes will vary.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock

In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are shown for Class 2 shares only, and after-tax returns for other Classes will vary. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements. A description of the Fund's comparative index and details regarding the calculation of the Fund's class-by-class performance are provided in the section of the Prospectus entitled "Additional Performance Information".

Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock

Updated information on the Fund's investment performance can be obtained by visiting http://USmutualfund.bailliegifford.com.

Caption rr_AverageAnnualReturnCaption Average Annual Total Returns for Periods Ended December 31, 2016
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford EAFE Choice Fund | MSCI EAFE Index  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 1.51% [1]
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 7.01% [1]
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 4.56% [1]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Dec. 17, 2009
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford EAFE Choice Fund | Class 2  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Advisory Fees rr_ManagementFeesOverAssets 0.35%
Service Fees rr_DistributionAndService12b1FeesOverAssets 0.17% [2]
Other Expenses rr_OtherExpensesOverAssets 0.13%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.65%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 66
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 208
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 362
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 810
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 66
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 208
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 362
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 810
Annual Return 2010 rr_AnnualReturn2010 12.14%
Annual Return 2011 rr_AnnualReturn2011 (12.54%)
Annual Return 2012 rr_AnnualReturn2012 21.81%
Annual Return 2013 rr_AnnualReturn2013 21.20%
Annual Return 2014 rr_AnnualReturn2014 (4.25%)
Annual Return 2015 rr_AnnualReturn2015 (2.16%)
Annual Return 2016 rr_AnnualReturn2016 0.59%
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 0.59%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 7.74%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 6.09%
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Dec. 17, 2009
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford EAFE Choice Fund | Class 2 | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 0.44%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 7.04%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 5.33%
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford EAFE Choice Fund | Class 2 | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 0.73%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 5.85%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 4.52%
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford EAFE Choice Fund | Class 3  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Advisory Fees rr_ManagementFeesOverAssets 0.35%
Service Fees rr_DistributionAndService12b1FeesOverAssets 0.10% [2]
Other Expenses rr_OtherExpensesOverAssets 0.13%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.58%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 59
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 186
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 324
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 726
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 59
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 186
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 324
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 726
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 0.66% [3]
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 7.78% [3]
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 6.12% [3]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Jul. 07, 2014
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford EAFE Choice Fund | Class 4  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Advisory Fees rr_ManagementFeesOverAssets 0.35%
Service Fees rr_DistributionAndService12b1FeesOverAssets 0.07% [2]
Other Expenses rr_OtherExpensesOverAssets 0.13% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.55%
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Classes 4 and 5 were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for these Classes based on the Other Expenses of Class 2 shares.
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 56
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 176
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 307
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 689
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 56
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 176
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 307
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 689
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 0.59% [5]
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 7.74% [5]
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 6.09% [5]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Dec. 17, 2009
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford EAFE Choice Fund | Class 5  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Advisory Fees rr_ManagementFeesOverAssets 0.35%
Service Fees rr_DistributionAndService12b1FeesOverAssets 0.02% [2]
Other Expenses rr_OtherExpensesOverAssets 0.13% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.50%
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Classes 4 and 5 were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for these Classes based on the Other Expenses of Class 2 shares.
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 51
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 160
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 280
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 628
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 51
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 160
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 280
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 628
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 0.59% [6]
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 7.74% [6]
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 6.09% [6]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Dec. 17, 2009
[1] The source of the index data is MSCI Inc. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.
[2] Service Fees differ between the Classes of the Fund to reflect varying levels of shareholder servicing fees payable to Baillie Gifford Overseas Limited (the "Manager"), as described in detail under "Share Classes-Shareholder Service Fees" below.
[3] Performance for Class 3 shares prior to the date Class 3 most recently recommenced investment operations (July 7, 2014) is derived from the historical performance of Class 2 shares, and has not been adjusted for the lower shareholder servicing fees applicable to Class 3 shares; had it, returns would have been higher.
[4] Classes 4 and 5 were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for these Classes based on the Other Expenses of Class 2 shares.
[5] Performance for Class 4 shares, which were unfunded as of December 31, 2016, is derived from the historical performance of Class 2 shares, and has not been adjusted for the lower shareholder servicing fees applicable to Class 4 shares; had it, returns would have been higher.
[6] Performance for Class 5 shares, which were unfunded as of December 31, 2016, is derived from the historical performance of Class 2 shares, and has not been adjusted for the lower shareholder servicing fees applicable to Class 5 shares; had it, returns would have been higher.
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Class 2, 3, 4, & 5 Prospectus | Baillie Gifford EAFE Pure Fund
Baillie Gifford EAFE Pure Fund
Investment Objective

The EAFE Pure Fund seeks capital appreciation.

Fees and Expenses

The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees (Fees paid directly from your investment)
Shareholder Fees - Class 2, 3, 4, & 5 Prospectus - Baillie Gifford EAFE Pure Fund - USD ($)
Class 2
Class 3
Class 4
Class 5
Shareholder Fees (Fees paid directly from your investment) none none none none
Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - Class 2, 3, 4, & 5 Prospectus - Baillie Gifford EAFE Pure Fund
Class 2
Class 3
Class 4
Class 5
Advisory Fees 0.35% 0.35% 0.35% 0.35%
Service Fees [1] 0.17% 0.10% 0.07% 0.02%
Other Expenses 0.14% 0.14% [2] 0.14% [2] 0.14% [2]
Total Annual Fund Operating Expenses 0.66% 0.59% 0.56% 0.51%
[1] Service Fees differ between the Classes of the Fund to reflect varying levels of shareholder servicing fees payable to Baillie Gifford Overseas Limited (the "Manager"), as described in detail under "Share Classes-Shareholder Service Fees" below.
[2] Classes 3, 4 and 5 were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for these Classes based on the Other Expenses of Class 2 shares.
Example of Expenses

The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same.

Although your actual costs may be higher or lower, based on these assumptions, your expenses would be:
Expense Example - Class 2, 3, 4, & 5 Prospectus - Baillie Gifford EAFE Pure Fund - USD ($)
Class 2
Class 3
Class 4
Class 5
1 Year $ 67 $ 60 $ 57 $ 52
3 Years 211 189 179 164
5 Years 368 329 313 285
10 Years $ 822 $ 738 $ 701 $ 640
Expense Example No Redemption - Class 2, 3, 4, & 5 Prospectus - Baillie Gifford EAFE Pure Fund - USD ($)
Class 2
Class 3
Class 4
Class 5
1 Year $ 67 $ 60 $ 57 $ 52
3 Years 211 189 179 164
5 Years 368 329 313 285
10 Years $ 822 $ 738 $ 701 $ 640
Portfolio Turnover

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Total Annual Fund Operating Expenses" or in the Example above, affect the Fund's performance. During the Fund's most recent fiscal year, the Fund's portfolio turnover rate was 13% of the average value of its portfolio.

Principal Investment Strategies

The Fund seeks to meet its objective by investing in an international portfolio of common stocks and other equity securities of issuers located in countries of developed markets. 


Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in common stocks and other equity securities of companies whose principal activities are in Europe, Australasia and/or the Far East. The Fund may hold equities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund may invest in issuers of any market capitalization and may participate in initial public offerings ("IPOs"). In selecting companies for investment, the portfolio managers generally consider issuers in developed markets and exclude emerging markets. 


The portfolio managers select companies without regard to the MSCI EAFE 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The intended outcome is a diversified portfolio of between 50-90 quality growth companies with the potential to outperform the benchmark over the long-term. The Fund tends to hold securities for long periods (typically 3-5 years), which results in relatively low portfolio turnover and is in line with the Fund's 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 may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options.  

Principal Risks

The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You may consequently lose money by investing in the Fund.


The principal risks of investing in the Fund are:


  • Currency and Currency Hedging Risk – The Fund could lose value if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value. A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains.

  • Equity Securities Risk – Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer.

  • Focused Investment Risk – Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused.

  • Growth Stock Risk – The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors.

  • Information Technology Risk – Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations.

  • IPO Risk – The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile.

  • Large Capitalization Securities Risk – Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies.

  • Liquidity Risk – The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments.

  • Long-Term Investment Strategy Risk – The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term.  An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses.

  • Market Disruption and Geopolitical Risk – The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions.

  • Market Risk – The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares.

  • Non-U.S. Investment Risk – Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S.

  • Service Provider Risk – The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund.

  • Settlement Risk – The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities, or prevent the Fund from selling securities at times and prices it considers desirable.

  • Small- and Medium-Capitalization Securities Risk – Securities of small- and medium-capitalization companies can be more volatile due to various factors including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines, than the securities of larger, more established companies.
Performance

The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Past performance (before and after taxes) is not an indication of future performance.

Annual Total Returns – Class 2 Shares
Bar Chart

Highest Quarterly Return: 7.71% (Q1, 2015)

 

Lowest Quarterly Return: -9.20% (Q3, 2015)

Average Annual Total Returns for Periods Ended December 31, 2016

In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are shown for Class 2 shares only, and after-tax returns for other Classes will vary. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements. A description of the Fund's comparative index and details regarding the calculation of the Fund's class-by-class performance are provided in the section of the Prospectus entitled "Additional Performance Information".

Average Annual Returns - Class 2, 3, 4, & 5 Prospectus - Baillie Gifford EAFE Pure Fund
Average Annual Returns, 1 Year
Average Annual Returns, Since Inception
Average Annual Returns, Inception Date
Class 2 (0.20%) (0.59%) Apr. 15, 2014
Class 3 (0.20%) [1] (0.59%) [1] Apr. 15, 2014
Class 4 (0.20%) [2] (0.59%) [2] Apr. 15, 2014
Class 5 (0.20%) [3] (0.59%) [3] Apr. 15, 2014
After Taxes on Distributions | Class 2 (0.40%) (0.85%)  
After Taxes on Distributions and Sale of Fund Shares | Class 2 0.30% (0.45%)  
MSCI EAFE Index 1.51% [4] (0.99%) [4] Apr. 15, 2014
[1] Performance for Class 3 shares, which were unfunded as of December 31, 2016, is derived from the historical performance of Class 2 shares, and has not been adjusted for the lower shareholder servicing fees applicable to Class 3 shares; had it, returns would have been higher.
[2] Performance for Class 4 shares, which were unfunded as of December 31, 2016, is derived from the historical performance of Class 2 shares, and has not been adjusted for the lower shareholder servicing fees applicable to Class 4 shares; had it, returns would have been higher.
[3] Performance for Class 5 shares, which were unfunded as of December 31, 2016, is derived from the historical performance of Class 2 shares, and has not been adjusted for the lower shareholder servicing fees applicable to Class 5 shares; had it, returns would have been higher.
[4] The source of the index data is MSCI Inc. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.

Updated information on the Fund's investment performance can be obtained by visiting http://USmutualfund.bailliegifford.com.

XML 50 R111.htm IDEA: XBRL DOCUMENT v3.8.0.1
Label Element Value
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford EAFE Pure Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Baillie Gifford EAFE Pure Fund
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The EAFE Pure Fund seeks capital appreciation.

Expense [Heading] rr_ExpenseHeading Fees and Expenses
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (Fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Total Annual Fund Operating Expenses" or in the Example above, affect the Fund's performance. During the Fund's most recent fiscal year, the Fund's portfolio turnover rate was 13% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 13.00%
Expense Example [Heading] rr_ExpenseExampleHeading Example of Expenses
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same.

Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption Although your actual costs may be higher or lower, based on these assumptions, your expenses would be:
Strategy [Heading] rr_StrategyHeading Principal Investment Strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund seeks to meet its objective by investing in an international portfolio of common stocks and other equity securities of issuers located in countries of developed markets. 


Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in common stocks and other equity securities of companies whose principal activities are in Europe, Australasia and/or the Far East. The Fund may hold equities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund may invest in issuers of any market capitalization and may participate in initial public offerings ("IPOs"). In selecting companies for investment, the portfolio managers generally consider issuers in developed markets and exclude emerging markets. 


The portfolio managers select companies without regard to the MSCI EAFE 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The intended outcome is a diversified portfolio of between 50-90 quality growth companies with the potential to outperform the benchmark over the long-term. The Fund tends to hold securities for long periods (typically 3-5 years), which results in relatively low portfolio turnover and is in line with the Fund's 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 may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options.  

Risk [Heading] rr_RiskHeading Principal Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You may consequently lose money by investing in the Fund.


The principal risks of investing in the Fund are:


  • Currency and Currency Hedging Risk – The Fund could lose value if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value. A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains.

  • Equity Securities Risk – Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer.

  • Focused Investment Risk – Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused.

  • Growth Stock Risk – The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors.

  • Information Technology Risk – Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations.

  • IPO Risk – The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile.

  • Large Capitalization Securities Risk – Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies.

  • Liquidity Risk – The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments.

  • Long-Term Investment Strategy Risk – The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term.  An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses.

  • Market Disruption and Geopolitical Risk – The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions.

  • Market Risk – The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares.

  • Non-U.S. Investment Risk – Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S.

  • Service Provider Risk – The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund.

  • Settlement Risk – The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities, or prevent the Fund from selling securities at times and prices it considers desirable.

  • Small- and Medium-Capitalization Securities Risk – Securities of small- and medium-capitalization companies can be more volatile due to various factors including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines, than the securities of larger, more established companies.
Risk Lose Money [Text] rr_RiskLoseMoney You may consequently lose money by investing in the Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Past performance (before and after taxes) is not an indication of future performance.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress http://USmutualfund.bailliegifford.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance (before and after taxes) is not an indication of future performance.
Bar Chart [Heading] rr_BarChartHeading Annual Total Returns – Class 2 Shares
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

Highest Quarterly Return: 7.71% (Q1, 2015)

 

Lowest Quarterly Return: -9.20% (Q3, 2015)

Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Highest Quarterly Return
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Mar. 31, 2015
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 7.71%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Lowest Quarterly Return
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2015
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (9.20%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deduction for fees, expenses, or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown for Class 2 shares only, and after-tax returns for other Classes will vary.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock

In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are shown for Class 2 shares only, and after-tax returns for other Classes will vary. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements. A description of the Fund's comparative index and details regarding the calculation of the Fund's class-by-class performance are provided in the section of the Prospectus entitled "Additional Performance Information".

Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock

Updated information on the Fund's investment performance can be obtained by visiting http://USmutualfund.bailliegifford.com.

Caption rr_AverageAnnualReturnCaption Average Annual Total Returns for Periods Ended December 31, 2016
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford EAFE Pure Fund | MSCI EAFE Index  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 1.51% [1]
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception (0.99%) [1]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Apr. 15, 2014
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford EAFE Pure Fund | Class 2  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Advisory Fees rr_ManagementFeesOverAssets 0.35%
Service Fees rr_DistributionAndService12b1FeesOverAssets 0.17% [2]
Other Expenses rr_OtherExpensesOverAssets 0.14%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.66%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 67
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 211
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 368
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 822
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 67
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 211
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 368
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 822
Annual Return 2015 rr_AnnualReturn2015 4.61%
Annual Return 2016 rr_AnnualReturn2016 (0.20%)
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 (0.20%)
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception (0.59%)
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Apr. 15, 2014
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford EAFE Pure Fund | Class 2 | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 (0.40%)
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception (0.85%)
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford EAFE Pure Fund | Class 2 | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 0.30%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception (0.45%)
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford EAFE Pure Fund | Class 3  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Advisory Fees rr_ManagementFeesOverAssets 0.35%
Service Fees rr_DistributionAndService12b1FeesOverAssets 0.10% [2]
Other Expenses rr_OtherExpensesOverAssets 0.14% [3]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.59%
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Classes 3, 4 and 5 were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for these Classes based on the Other Expenses of Class 2 shares.
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 60
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 189
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 329
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 738
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 60
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 189
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 329
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 738
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 (0.20%) [4]
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception (0.59%) [4]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Apr. 15, 2014
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford EAFE Pure Fund | Class 4  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Advisory Fees rr_ManagementFeesOverAssets 0.35%
Service Fees rr_DistributionAndService12b1FeesOverAssets 0.07% [2]
Other Expenses rr_OtherExpensesOverAssets 0.14% [3]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.56%
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Classes 3, 4 and 5 were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for these Classes based on the Other Expenses of Class 2 shares.
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 57
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 179
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 313
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 701
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 57
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 179
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 313
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 701
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 (0.20%) [5]
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception (0.59%) [5]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Apr. 15, 2014
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford EAFE Pure Fund | Class 5  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Advisory Fees rr_ManagementFeesOverAssets 0.35%
Service Fees rr_DistributionAndService12b1FeesOverAssets 0.02% [2]
Other Expenses rr_OtherExpensesOverAssets 0.14% [3]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.51%
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Classes 3, 4 and 5 were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for these Classes based on the Other Expenses of Class 2 shares.
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 52
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 164
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 285
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 640
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 52
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 164
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 285
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 640
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 (0.20%) [6]
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception (0.59%) [6]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Apr. 15, 2014
[1] The source of the index data is MSCI Inc. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.
[2] Service Fees differ between the Classes of the Fund to reflect varying levels of shareholder servicing fees payable to Baillie Gifford Overseas Limited (the "Manager"), as described in detail under "Share Classes-Shareholder Service Fees" below.
[3] Classes 3, 4 and 5 were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for these Classes based on the Other Expenses of Class 2 shares.
[4] Performance for Class 3 shares, which were unfunded as of December 31, 2016, is derived from the historical performance of Class 2 shares, and has not been adjusted for the lower shareholder servicing fees applicable to Class 3 shares; had it, returns would have been higher.
[5] Performance for Class 4 shares, which were unfunded as of December 31, 2016, is derived from the historical performance of Class 2 shares, and has not been adjusted for the lower shareholder servicing fees applicable to Class 4 shares; had it, returns would have been higher.
[6] Performance for Class 5 shares, which were unfunded as of December 31, 2016, is derived from the historical performance of Class 2 shares, and has not been adjusted for the lower shareholder servicing fees applicable to Class 5 shares; had it, returns would have been higher.
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Class 2, 3, 4, & 5 Prospectus | Baillie Gifford Emerging Markets Fund
Baillie Gifford Emerging Markets Fund
Investment Objective

The Emerging Markets Fund seeks capital appreciation.

Fees and Expenses

The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees (Fees paid directly from your investment)
Shareholder Fees - Class 2, 3, 4, & 5 Prospectus - Baillie Gifford Emerging Markets Fund - USD ($)
Class 2
Class 3
Class 4
Class 5
Shareholder Fees (Fees paid directly from your investment) none none none none
Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - Class 2, 3, 4, & 5 Prospectus - Baillie Gifford Emerging Markets Fund
Class 2
Class 3
Class 4
Class 5
Advisory Fees 0.55% 0.55% 0.55% 0.55%
Service Fees [1] 0.17% 0.10% 0.07% 0.02%
Other Expenses 0.15% 0.15% 0.15% [2] 0.14%
Total Annual Fund Operating Expenses 0.87% 0.80% 0.77% 0.71%
[1] Service Fees differ between the Classes of the Fund to reflect varying levels of shareholder servicing fees payable to Baillie Gifford Overseas Limited (the "Manager"), as described in detail under "Share Classes-Shareholder Service Fees" below.
[2] Class 4 was unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for Class 4 based on the Other Expenses of Class 2 shares.
Example of Expenses

The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same.

Although your actual costs may be higher or lower, based on these assumptions, your expenses would be:
Expense Example - Class 2, 3, 4, & 5 Prospectus - Baillie Gifford Emerging Markets Fund - USD ($)
Class 2
Class 3
Class 4
Class 5
1 Year $ 89 $ 82 $ 79 $ 73
3 Years 278 255 246 227
5 Years 482 444 428 395
10 Years $ 1,073 $ 990 $ 954 $ 883
Expense Example No Redemption - Class 2, 3, 4, & 5 Prospectus - Baillie Gifford Emerging Markets Fund - USD ($)
Class 2
Class 3
Class 4
Class 5
1 Year $ 89 $ 82 $ 79 $ 73
3 Years 278 255 246 227
5 Years 482 444 428 395
10 Years $ 1,073 $ 990 $ 954 $ 883
Portfolio Turnover

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Total Annual Fund Operating Expenses" or in the Example above, affect the Fund's performance. During the Fund's most recent fiscal year, the Fund's portfolio turnover rate was 24% of the average value of its portfolio.

Principal Investment Strategies

The Fund seeks to meet its objective by investing in a global portfolio of common stocks and other equity securities of issuers located in countries of emerging 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 contained 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. These countries may include frontier markets. The Fund may hold equity securities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund may invest in issuers of any market capitalization and may participate in initial public offerings ("IPOs").  


The portfolio managers select companies without regard to the MSCI Emerging Markets 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The intended outcome is a diversified portfolio of between 60-100 quality growth companies with the potential to outperform the benchmark over the long-term. The Fund tends to hold securities for long periods (typically 3-5 years), which results in relatively low portfolio turnover and is in line with the Fund's 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 may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options.

Principal Risks

The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You could lose money by investing in the Fund.


The principal risks of investing in the Fund (in alphabetical order) are:


  • Currency and Currency Hedging Risk – The Fund could lose value if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value. A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains.

  • Emerging Markets Risk – To the extent the Fund invests in emerging market securities, the Fund may be exposed to greater market, credit, currency, liquidity, legal, political, technical and other risks different from, or greater than, the risks of investing in developed markets.

  • Equity Securities Risk – Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer.

  • Focused Investment Risk – Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused.

  • Frontier Markets Risk – Investments in frontier markets may be more volatile and less liquid than investments in more developed markets or in other emerging market countries. Emerging markets risk may be especially heightened in frontier markets.

  • Growth Stock Risk – The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors.

  • Information Technology Risk – Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations.

  • IPO Risk – The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile.

  • Large Capitalization Securities Risk – Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies.

  • Liquidity Risk – The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments.

  • Long-Term Investment Strategy Risk – The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term.  An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses.

  • Market Disruption and Geopolitical Risk – The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions.

  • Market Risk – The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares.

  • Non-U.S. Investment Risk – Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S.

  • Service Provider Risk – The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund.

  • Settlement Risk – The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities, or prevent the Fund from selling securities at times and prices it considers desirable.

  • Small- and Medium-Capitalization Securities Risk – Securities of small- and medium-capitalization companies can be more volatile due to various factors including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines, than the securities of larger, more established companies.
Performance

The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Past performance (before and after taxes) is not an indication of future performance.

Annual Total Returns – Class 5 Shares
Bar Chart

Highest Quarterly Return: 45.28% (Q2, 2009)

 

Lowest Quarterly Return: -30.03% (Q4, 2008)

Average Annual Total Returns for Periods Ended December 31, 2016

In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are shown for only Class 5 shares, and after-tax returns for other Classes will vary. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements. A description of the Fund's comparative index and details regarding the calculation of the Fund's class-by-class performance are provided in the section of the Prospectus entitled "Additional Performance Information".

Average Annual Returns - Class 2, 3, 4, & 5 Prospectus - Baillie Gifford Emerging Markets Fund
Average Annual Returns, 1 Year
Average Annual Returns, 5 Years
Average Annual Returns, 10 Years
Average Annual Returns, Inception Date
Class 5 3.24% 2.39% 3.13%  
Class 2 3.10% [1] 2.30% [1] 3.05% [1] Mar. 02, 2015
Class 3 3.12% [2] 2.35% [2] 3.11% [2] Mar. 31, 2016
Class 4 3.19% [3] 2.34% [3] 3.08% [3] Oct. 30, 2015
After Taxes on Distributions | Class 5 3.12% 2.03% 1.02%  
After Taxes on Distributions and Sale of Fund Shares | Class 5 2.13% 1.74% 1.77%  
MSCI Emerging Markets Index [4] 11.60% 1.64% 2.17%  
[1] Performance for Class 2 shares prior to their date of inception (March 2, 2015) is derived from the historical performance of Class 5 shares, and has been adjusted for the higher shareholder servicing fees applicable to Class 2 shares.
[2] Performance for Class 3 shares prior to their date of inception (March 31, 2016) is derived from the historical performance of Class 5 shares, and has been adjusted for the higher shareholder servicing fees applied to Class 3 shares.
[3] Performance for Class 4 shares prior to their date of inception (October 30, 2015) is derived from the historical performance of Class 5 shares and has been adjusted for the period during which higher shareholder servicing fees applied to Class 4 shares.
[4] The source of the index data is MSCI Inc. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.

Updated information on the Fund's investment performance can be obtained by visiting http://USmutualfund.bailliegifford.com.

XML 53 R119.htm IDEA: XBRL DOCUMENT v3.8.0.1
Label Element Value
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford Emerging Markets Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Baillie Gifford Emerging Markets Fund
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Emerging Markets Fund seeks capital appreciation.

Expense [Heading] rr_ExpenseHeading Fees and Expenses
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (Fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Total Annual Fund Operating Expenses" or in the Example above, affect the Fund's performance. During the Fund's most recent fiscal year, the Fund's portfolio turnover rate was 24% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 24.00%
Expense Example [Heading] rr_ExpenseExampleHeading Example of Expenses
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same.

Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption Although your actual costs may be higher or lower, based on these assumptions, your expenses would be:
Strategy [Heading] rr_StrategyHeading Principal Investment Strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund seeks to meet its objective by investing in a global portfolio of common stocks and other equity securities of issuers located in countries of emerging 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 contained 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. These countries may include frontier markets. The Fund may hold equity securities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund may invest in issuers of any market capitalization and may participate in initial public offerings ("IPOs").  


The portfolio managers select companies without regard to the MSCI Emerging Markets 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The intended outcome is a diversified portfolio of between 60-100 quality growth companies with the potential to outperform the benchmark over the long-term. The Fund tends to hold securities for long periods (typically 3-5 years), which results in relatively low portfolio turnover and is in line with the Fund's 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 may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options.

Risk [Heading] rr_RiskHeading Principal Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You could lose money by investing in the Fund.


The principal risks of investing in the Fund (in alphabetical order) are:


  • Currency and Currency Hedging Risk – The Fund could lose value if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value. A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains.

  • Emerging Markets Risk – To the extent the Fund invests in emerging market securities, the Fund may be exposed to greater market, credit, currency, liquidity, legal, political, technical and other risks different from, or greater than, the risks of investing in developed markets.

  • Equity Securities Risk – Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer.

  • Focused Investment Risk – Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused.

  • Frontier Markets Risk – Investments in frontier markets may be more volatile and less liquid than investments in more developed markets or in other emerging market countries. Emerging markets risk may be especially heightened in frontier markets.

  • Growth Stock Risk – The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors.

  • Information Technology Risk – Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations.

  • IPO Risk – The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile.

  • Large Capitalization Securities Risk – Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies.

  • Liquidity Risk – The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments.

  • Long-Term Investment Strategy Risk – The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term.  An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses.

  • Market Disruption and Geopolitical Risk – The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions.

  • Market Risk – The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares.

  • Non-U.S. Investment Risk – Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S.

  • Service Provider Risk – The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund.

  • Settlement Risk – The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities, or prevent the Fund from selling securities at times and prices it considers desirable.

  • Small- and Medium-Capitalization Securities Risk – Securities of small- and medium-capitalization companies can be more volatile due to various factors including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines, than the securities of larger, more established companies.
Risk Lose Money [Text] rr_RiskLoseMoney You could lose money by investing in the Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Past performance (before and after taxes) is not an indication of future performance.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress http://USmutualfund.bailliegifford.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance (before and after taxes) is not an indication of future performance.
Bar Chart [Heading] rr_BarChartHeading Annual Total Returns – Class 5 Shares
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

Highest Quarterly Return: 45.28% (Q2, 2009)

 

Lowest Quarterly Return: -30.03% (Q4, 2008)

Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Highest Quarterly Return
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 45.28%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Lowest Quarterly Return
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (30.03%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deduction for fees, expenses, or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown for only Class 5 shares, and after-tax returns for other Classes will vary.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock

In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are shown for only Class 5 shares, and after-tax returns for other Classes will vary. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements. A description of the Fund's comparative index and details regarding the calculation of the Fund's class-by-class performance are provided in the section of the Prospectus entitled "Additional Performance Information".

Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock

Updated information on the Fund's investment performance can be obtained by visiting http://USmutualfund.bailliegifford.com.

Caption rr_AverageAnnualReturnCaption Average Annual Total Returns for Periods Ended December 31, 2016
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford Emerging Markets Fund | MSCI Emerging Markets Index  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 11.60% [1]
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 1.64% [1]
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 2.17% [1]
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford Emerging Markets Fund | Class 2  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Advisory Fees rr_ManagementFeesOverAssets 0.55%
Service Fees rr_DistributionAndService12b1FeesOverAssets 0.17% [2]
Other Expenses rr_OtherExpensesOverAssets 0.15%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.87%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 89
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 278
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 482
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,073
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 89
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 278
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 482
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,073
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 3.10% [3]
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 2.30% [3]
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 3.05% [3]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Mar. 02, 2015
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford Emerging Markets Fund | Class 3  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Advisory Fees rr_ManagementFeesOverAssets 0.55%
Service Fees rr_DistributionAndService12b1FeesOverAssets 0.10% [2]
Other Expenses rr_OtherExpensesOverAssets 0.15%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.80%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 82
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 255
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 444
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 990
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 82
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 255
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 444
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 990
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 3.12% [4]
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 2.35% [4]
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 3.11% [4]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Mar. 31, 2016
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford Emerging Markets Fund | Class 4  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Advisory Fees rr_ManagementFeesOverAssets 0.55%
Service Fees rr_DistributionAndService12b1FeesOverAssets 0.07% [2]
Other Expenses rr_OtherExpensesOverAssets 0.15% [5]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.77%
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Class 4 was unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for Class 4 based on the Other Expenses of Class 2 shares.
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 79
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 246
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 428
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 954
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 79
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 246
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 428
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 954
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 3.19% [6]
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 2.34% [6]
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 3.08% [6]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Oct. 30, 2015
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford Emerging Markets Fund | Class 5  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Advisory Fees rr_ManagementFeesOverAssets 0.55%
Service Fees rr_DistributionAndService12b1FeesOverAssets 0.02% [2]
Other Expenses rr_OtherExpensesOverAssets 0.14%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.71%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 73
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 227
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 395
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 883
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 73
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 227
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 395
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 883
Annual Return 2007 rr_AnnualReturn2007 46.59%
Annual Return 2008 rr_AnnualReturn2008 (56.41%)
Annual Return 2009 rr_AnnualReturn2009 98.09%
Annual Return 2010 rr_AnnualReturn2010 19.73%
Annual Return 2011 rr_AnnualReturn2011 (20.20%)
Annual Return 2012 rr_AnnualReturn2012 13.94%
Annual Return 2013 rr_AnnualReturn2013 3.98%
Annual Return 2014 rr_AnnualReturn2014 0.26%
Annual Return 2015 rr_AnnualReturn2015 (8.24%)
Annual Return 2016 rr_AnnualReturn2016 3.24%
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 3.24%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 2.39%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 3.13%
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford Emerging Markets Fund | Class 5 | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 3.12%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 2.03%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 1.02%
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford Emerging Markets Fund | Class 5 | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 2.13%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 1.74%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 1.77%
[1] The source of the index data is MSCI Inc. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.
[2] Service Fees differ between the Classes of the Fund to reflect varying levels of shareholder servicing fees payable to Baillie Gifford Overseas Limited (the "Manager"), as described in detail under "Share Classes-Shareholder Service Fees" below.
[3] Performance for Class 2 shares prior to their date of inception (March 2, 2015) is derived from the historical performance of Class 5 shares, and has been adjusted for the higher shareholder servicing fees applicable to Class 2 shares.
[4] Performance for Class 3 shares prior to their date of inception (March 31, 2016) is derived from the historical performance of Class 5 shares, and has been adjusted for the higher shareholder servicing fees applied to Class 3 shares.
[5] Class 4 was unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for Class 4 based on the Other Expenses of Class 2 shares.
[6] Performance for Class 4 shares prior to their date of inception (October 30, 2015) is derived from the historical performance of Class 5 shares and has been adjusted for the period during which higher shareholder servicing fees applied to Class 4 shares.
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Class 2, 3, 4, & 5 Prospectus | Baillie Gifford Global Alpha Equity Fund
Baillie Gifford Global Alpha Equity Fund
Investment Objective

The Global Alpha Equity Fund seeks capital appreciation.

Fees and Expenses

The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees (Fees paid directly from your investment)
Shareholder Fees - Class 2, 3, 4, & 5 Prospectus - Baillie Gifford Global Alpha Equity Fund - USD ($)
Class 2
Class 3
Class 4
Class 5
Shareholder Fees (Fees paid directly from your investment) none none none none
Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - Class 2, 3, 4, & 5 Prospectus - Baillie Gifford Global Alpha Equity Fund
Class 2
Class 3
Class 4
Class 5
Advisory Fees 0.40% 0.40% 0.40% 0.40%
Service Fees [1] 0.17% 0.10% 0.07% 0.02%
Other Expenses 0.10% 0.10% 0.10% [2] 0.10% [2]
Total Annual Fund Operating Expenses 0.67% 0.60% 0.57% 0.52%
[1] Service Fees differ between the Classes of the Fund to reflect varying levels of shareholder servicing fees payable to Baillie Gifford Overseas Limited (the "Manager"), as described in detail under "Share Classes-Shareholder Service Fees" below.
[2] Classes 4 and 5 were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for these Classes based on the Other Expenses of Class 2 shares.
Example of Expenses

The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same.

Although your actual costs may be higher or lower, based on these assumptions, your expenses would be:
Expense Example - Class 2, 3, 4, & 5 Prospectus - Baillie Gifford Global Alpha Equity Fund - USD ($)
Class 2
Class 3
Class 4
Class 5
1 Year $ 68 $ 61 $ 58 $ 53
3 Years 214 192 183 167
5 Years 373 335 318 291
10 Years $ 835 $ 750 $ 714 $ 653
Expense Example No Redemption - Class 2, 3, 4, & 5 Prospectus - Baillie Gifford Global Alpha Equity Fund - USD ($)
Class 2
Class 3
Class 4
Class 5
1 Year $ 68 $ 61 $ 58 $ 53
3 Years 214 192 183 167
5 Years 373 335 318 291
10 Years $ 835 $ 750 $ 714 $ 653
Portfolio Turnover

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may lead to higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Total Annual Fund Operating Expenses" or in the Example above, affect the Fund's performance. During the Fund's most recent fiscal year, the Fund's portfolio turnover rate was 20% of the average value of its portfolio. 

Principal Investment Strategies

The Fund seeks to meet its objective by investing in an international portfolio of equities, which include common stock and other equity securities, of issuers located in countries of developed and emerging markets. 


Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. The Fund invests predominantly in a diversified portfolio of securities issued by companies located in countries contained in the MSCI ACWI Index, cash and cash equivalents. The Fund invests in companies whose principal activities are in the U.S., Canada, Latin America, Europe, Australasia, Africa, the Middle East and/or the Far East. The Fund ordinarily invests in securities of issuers located  in at least three different countries. The Fund may hold equity securities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund may invest in issuers of any market capitalization and may participate in initial public offerings ("IPOs").  


The portfolio managers select companies without regard to the MSCI ACWI 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The intended outcome is a diversified portfolio of between 70-120 quality growth companies with the potential to outperform the benchmark over the long-term. The Fund tends to hold securities for long periods (typically 3-5 years), which results in relatively low portfolio turnover and is in line with the Fund's 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 may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options.

Principal Risks

The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You could lose money by investing in the Fund.


The principal risks of investing in the Fund (in alphabetical order)  are:


  • Currency and Currency Hedging Risk – The Fund could lose value if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value. A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains.

  • Emerging Markets Risk – To the extent the Fund invests in emerging market securities, the Fund may be exposed to greater market, credit, currency, liquidity, legal, political, technical and other risks different from, or greater than, the risks of investing in developed markets.

  • Equity Securities Risk – Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer.

  • Focused Investment Risk – Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused.

  • Growth Stock Risk – The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors.

  • Information Technology Risk – Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations.

  • IPO Risk – The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile.

  • Large Capitalization Securities Risk – Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies.

  • Liquidity Risk – The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments.

  • Long-Term Investment Strategy Risk – The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term.  An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses.

  • Market Disruption and Geopolitical Risk – The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions.

  • Market Risk – The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares.

  • Non-U.S. Investment Risk – Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S.

  • Service Provider Risk – The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund.

  • Settlement Risk – The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities, or prevent the Fund from selling securities at times and prices it considers desirable.

  • Small- and Medium-Capitalization Securities Risk – Securities of small- and medium-capitalization companies can be more volatile due to various factors including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines, than the securities of larger, more established companies.
Performance

The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Past performance (before and after taxes) is not an indication of future performance.

Annual Total Returns – Class 3 Shares
Bar Chart

Highest Quarterly Return: 13.30% (Q1, 2012)

 

Lowest Quarterly Return: -9.14% (Q3, 2015)

Average Annual Total Returns for Periods Ended December 31, 2016

In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are shown for Class 3 shares only, and after-tax returns for other Classes will vary. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements. A description of the Fund's comparative index and details regarding the calculation of the Fund's class-by-class performance are provided in the section of the Prospectus entitled "Additional Performance Information".

Average Annual Returns - Class 2, 3, 4, & 5 Prospectus - Baillie Gifford Global Alpha Equity Fund
Average Annual Returns, 1 Year
Average Annual Returns, 5 Years
Average Annual Returns, Since Inception
Average Annual Returns, Inception Date
Class 3 5.02% 11.28% 10.73% Nov. 15, 2011
Class 2 4.95% [1] 11.20% [1] 10.65% [1] Jan. 06, 2013
Class 4 5.02% [2] 11.28% [2] 10.73% [2] Nov. 15, 2011
Class 5 5.02% [3] 11.28% [3] 10.73% [3] Nov. 15, 2011
After Taxes on Distributions | Class 3 4.84% 10.45% 9.91%  
After Taxes on Distributions and Sale of Fund Shares | Class 3 3.11% 8.79% 8.34%  
MSCI ACWI Index 8.48% [4] 9.95% [4] 9.47% [4] Nov. 15, 2011
[1] Performance for Class 2 shares prior to their date of inception (January 6, 2013) is derived from the historical performance of Class 3 shares, and has been adjusted for the higher shareholder servicing fees applicable to Class 2 shares.
[2] Performance for Class 4 shares, which were unfunded as of December 31, 2016, is derived from the historical performance of Class 3 shares and has not been adjusted for the lower shareholder servicing fees applicable to Class 4 shares; had it, returns would have been higher.
[3] Performance for Class 5 shares, which were unfunded as of December 31, 2016, is derived from the historical performance of Class 3 shares and has not been adjusted for the lower shareholder servicing fees applicable to Class 5 shares; had it, returns would have been higher.
[4] The source of the index data is MSCI Inc. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.

Updated information on the Fund's investment performance can be obtained by visiting http://USmutualfund.bailliegifford.com.

XML 56 R127.htm IDEA: XBRL DOCUMENT v3.8.0.1
Label Element Value
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford Global Alpha Equity Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Baillie Gifford Global Alpha Equity Fund
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Global Alpha Equity Fund seeks capital appreciation.

Expense [Heading] rr_ExpenseHeading Fees and Expenses
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (Fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may lead to higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Total Annual Fund Operating Expenses" or in the Example above, affect the Fund's performance. During the Fund's most recent fiscal year, the Fund's portfolio turnover rate was 20% of the average value of its portfolio. 

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 20.00%
Expense Example [Heading] rr_ExpenseExampleHeading Example of Expenses
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same.

Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption Although your actual costs may be higher or lower, based on these assumptions, your expenses would be:
Strategy [Heading] rr_StrategyHeading Principal Investment Strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund seeks to meet its objective by investing in an international portfolio of equities, which include common stock and other equity securities, of issuers located in countries of developed and emerging markets. 


Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. The Fund invests predominantly in a diversified portfolio of securities issued by companies located in countries contained in the MSCI ACWI Index, cash and cash equivalents. The Fund invests in companies whose principal activities are in the U.S., Canada, Latin America, Europe, Australasia, Africa, the Middle East and/or the Far East. The Fund ordinarily invests in securities of issuers located  in at least three different countries. The Fund may hold equity securities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund may invest in issuers of any market capitalization and may participate in initial public offerings ("IPOs").  


The portfolio managers select companies without regard to the MSCI ACWI 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The intended outcome is a diversified portfolio of between 70-120 quality growth companies with the potential to outperform the benchmark over the long-term. The Fund tends to hold securities for long periods (typically 3-5 years), which results in relatively low portfolio turnover and is in line with the Fund's 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 may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options.

Risk [Heading] rr_RiskHeading Principal Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You could lose money by investing in the Fund.


The principal risks of investing in the Fund (in alphabetical order)  are:


  • Currency and Currency Hedging Risk – The Fund could lose value if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value. A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains.

  • Emerging Markets Risk – To the extent the Fund invests in emerging market securities, the Fund may be exposed to greater market, credit, currency, liquidity, legal, political, technical and other risks different from, or greater than, the risks of investing in developed markets.

  • Equity Securities Risk – Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer.

  • Focused Investment Risk – Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused.

  • Growth Stock Risk – The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors.

  • Information Technology Risk – Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations.

  • IPO Risk – The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile.

  • Large Capitalization Securities Risk – Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies.

  • Liquidity Risk – The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments.

  • Long-Term Investment Strategy Risk – The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term.  An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses.

  • Market Disruption and Geopolitical Risk – The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions.

  • Market Risk – The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares.

  • Non-U.S. Investment Risk – Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S.

  • Service Provider Risk – The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund.

  • Settlement Risk – The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities, or prevent the Fund from selling securities at times and prices it considers desirable.

  • Small- and Medium-Capitalization Securities Risk – Securities of small- and medium-capitalization companies can be more volatile due to various factors including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines, than the securities of larger, more established companies.
Risk Lose Money [Text] rr_RiskLoseMoney You could lose money by investing in the Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Past performance (before and after taxes) is not an indication of future performance.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress http://USmutualfund.bailliegifford.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance (before and after taxes) is not an indication of future performance.
Bar Chart [Heading] rr_BarChartHeading Annual Total Returns – Class 3 Shares
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

Highest Quarterly Return: 13.30% (Q1, 2012)

 

Lowest Quarterly Return: -9.14% (Q3, 2015)

Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Highest Quarterly Return
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Mar. 31, 2012
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 13.30%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Lowest Quarterly Return
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2015
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (9.14%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deduction for fees, expenses, or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown for Class 3 shares only, and after-tax returns for other Classes will vary.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock

In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are shown for Class 3 shares only, and after-tax returns for other Classes will vary. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements. A description of the Fund's comparative index and details regarding the calculation of the Fund's class-by-class performance are provided in the section of the Prospectus entitled "Additional Performance Information".

Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock

Updated information on the Fund's investment performance can be obtained by visiting http://USmutualfund.bailliegifford.com.

Caption rr_AverageAnnualReturnCaption Average Annual Total Returns for Periods Ended December 31, 2016
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford Global Alpha Equity Fund | MSCI ACWI Index  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 8.48% [1]
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 9.95% [1]
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 9.47% [1]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Nov. 15, 2011
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford Global Alpha Equity Fund | Class 2  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Advisory Fees rr_ManagementFeesOverAssets 0.40%
Service Fees rr_DistributionAndService12b1FeesOverAssets 0.17% [2]
Other Expenses rr_OtherExpensesOverAssets 0.10%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.67%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 68
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 214
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 373
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 835
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 68
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 214
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 373
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 835
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 4.95% [3]
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 11.20% [3]
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 10.65% [3]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Jan. 06, 2013
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford Global Alpha Equity Fund | Class 3  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Advisory Fees rr_ManagementFeesOverAssets 0.40%
Service Fees rr_DistributionAndService12b1FeesOverAssets 0.10% [2]
Other Expenses rr_OtherExpensesOverAssets 0.10%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.60%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 61
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 192
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 335
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 750
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 61
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 192
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 335
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 750
Annual Return 2012 rr_AnnualReturn2012 18.69%
Annual Return 2013 rr_AnnualReturn2013 28.71%
Annual Return 2014 rr_AnnualReturn2014 4.48%
Annual Return 2015 rr_AnnualReturn2015 1.84%
Annual Return 2016 rr_AnnualReturn2016 5.02%
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 5.02%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 11.28%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 10.73%
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Nov. 15, 2011
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford Global Alpha Equity Fund | Class 3 | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 4.84%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 10.45%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 9.91%
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford Global Alpha Equity Fund | Class 3 | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 3.11%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 8.79%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 8.34%
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford Global Alpha Equity Fund | Class 4  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Advisory Fees rr_ManagementFeesOverAssets 0.40%
Service Fees rr_DistributionAndService12b1FeesOverAssets 0.07% [2]
Other Expenses rr_OtherExpensesOverAssets 0.10% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.57%
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Classes 4 and 5 were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for these Classes based on the Other Expenses of Class 2 shares.
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 58
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 183
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 318
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 714
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 58
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 183
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 318
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 714
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 5.02% [5]
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 11.28% [5]
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 10.73% [5]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Nov. 15, 2011
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford Global Alpha Equity Fund | Class 5  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Advisory Fees rr_ManagementFeesOverAssets 0.40%
Service Fees rr_DistributionAndService12b1FeesOverAssets 0.02% [2]
Other Expenses rr_OtherExpensesOverAssets 0.10% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.52%
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Classes 4 and 5 were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for these Classes based on the Other Expenses of Class 2 shares.
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 53
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 167
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 291
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 653
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 53
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 167
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 291
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 653
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 5.02% [6]
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 11.28% [6]
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 10.73% [6]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Nov. 15, 2011
[1] The source of the index data is MSCI Inc. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.
[2] Service Fees differ between the Classes of the Fund to reflect varying levels of shareholder servicing fees payable to Baillie Gifford Overseas Limited (the "Manager"), as described in detail under "Share Classes-Shareholder Service Fees" below.
[3] Performance for Class 2 shares prior to their date of inception (January 6, 2013) is derived from the historical performance of Class 3 shares, and has been adjusted for the higher shareholder servicing fees applicable to Class 2 shares.
[4] Classes 4 and 5 were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for these Classes based on the Other Expenses of Class 2 shares.
[5] Performance for Class 4 shares, which were unfunded as of December 31, 2016, is derived from the historical performance of Class 3 shares and has not been adjusted for the lower shareholder servicing fees applicable to Class 4 shares; had it, returns would have been higher.
[6] Performance for Class 5 shares, which were unfunded as of December 31, 2016, is derived from the historical performance of Class 3 shares and has not been adjusted for the lower shareholder servicing fees applicable to Class 5 shares; had it, returns would have been higher.
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Class 2, 3, 4, & 5 Prospectus | Baillie Gifford International Equity Fund
Baillie Gifford International Equity Fund
Investment Objective

The International Equity Fund seeks capital appreciation.

Fees and Expenses

The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees (Fees paid directly from your investment)
Shareholder Fees - Class 2, 3, 4, & 5 Prospectus - Baillie Gifford International Equity Fund - USD ($)
Class 2
Class 3
Class 4
Class 5
Shareholder Fees (Fees paid directly from your investment) none none none none
Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - Class 2, 3, 4, & 5 Prospectus - Baillie Gifford International Equity Fund
Class 2
Class 3
Class 4
Class 5
Advisory Fees 0.35% 0.35% 0.35% 0.35%
Service Fees [1] 0.17% 0.10% 0.07% 0.02%
Other Expenses 0.09% 0.09% 0.09% [2] 0.09%
Total Annual Fund Operating Expenses 0.61% 0.54% 0.51% 0.46%
[1] Service Fees differ between the Classes of the Fund to reflect varying levels of shareholder servicing fees payable to Baillie Gifford Overseas Limited (the "Manager"), as described in detail under "Share Classes-Shareholder Service Fees" below.
[2] Class 4 was unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for Class 4 based on the Other Expenses of Class 2 shares.
Example of Expenses

The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same.

Although your actual costs may be higher or lower, based on these assumptions, your expenses would be:
Expense Example - Class 2, 3, 4, & 5 Prospectus - Baillie Gifford International Equity Fund - USD ($)
Class 2
Class 3
Class 4
Class 5
1 Year $ 62 $ 55 $ 52 $ 47
3 Years 195 173 164 148
5 Years 340 302 285 258
10 Years $ 762 $ 677 $ 640 $ 579
Expense Example No Redemption - Class 2, 3, 4, & 5 Prospectus - Baillie Gifford International Equity Fund - USD ($)
Class 2
Class 3
Class 4
Class 5
1 Year $ 62 $ 55 $ 52 $ 47
3 Years 195 173 164 148
5 Years 340 302 285 258
10 Years $ 762 $ 677 $ 640 $ 579
Portfolio Turnover

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Total Annual Fund Operating Expenses" or in the Example above, affect the Fund's performance. During the Fund's most recent fiscal year, the Fund's portfolio turnover rate was 12% of the average value of its portfolio.

Principal Investment Strategies

The Fund seeks to meet its objective by investing in an international portfolio of equities, which include common stock and other equity securities, of issuers located in countries of developed and emerging markets. 


Under normal circumstances, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in common stocks and other equity securities. The Fund invests predominantly in securities issued by companies located in countries contained in the MSCI ACWI (ex U.S.) Index, which includes issuers from a range of developed and emerging market countries. The Fund ordinarily invests in securities of issuers located in at least three countries outside the U.S. The Fund may hold equity securities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund may invest in issuers of any market capitalization and may participate in initial public offerings ("IPOs").  


The portfolio managers principally select companies without regard to the MSCI ACWI (ex U.S.) 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The intended outcome is a diversified portfolio of between 70-110 quality growth companies with the potential to outperform the benchmark over the long-term. The Fund tends to hold securities for long periods (typically 3-5 years), which results in relatively low portfolio turnover and is in line with the Fund's 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 may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options.

Principal Risks

The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You may consequently lose money by investing in the Fund.


The principal risks of investing in the Fund (in alphabetical order) are:


  • Currency and Currency Hedging Risk – The Fund could lose value if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value. A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains.

  • Emerging Markets Risk – To the extent the Fund invests in emerging market securities, the Fund may be exposed to greater market, credit, currency, liquidity, legal, political, technical and other risks different from, or greater than, the risks of investing in developed markets.

  • Equity Securities Risk – Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer.

  • Focused Investment Risk – Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused.

  • Growth Stock Risk – The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors.

  • Information Technology Risk – Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations.

  • IPO Risk – The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile.

  • Large Capitalization Securities Risk – Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies.

  • Liquidity Risk – The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments.

  • Long-Term Investment Strategy Risk – The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term.  An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses.

  • Market Disruption and Geopolitical Risk – The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions.

  • Market Risk – The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares.

  • Non-U.S. Investment Risk – Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S.

  • Service Provider Risk – The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund.

  • Settlement Risk – The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities, or prevent the Fund from selling securities at times and prices it considers desirable.

  • Small- and Medium-Capitalization Securities Risk – Securities of small- and medium-capitalization companies can be more volatile due to various factors including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines, than the securities of larger, more established companies.
Performance

The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Past performance (before and after taxes) is not an indication of future performance.

Annual Total Returns – Class 2 Shares
Bar Chart

Highest Quarterly Return: 26.36% (Q2, 2009)

 

Lowest Quarterly Return: -19.39% (Q3, 2011)

Average Annual Total Returns for Periods Ended December 31, 2016

In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are shown for Class 2 shares only, and after-tax returns for other Classes will vary. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements. A description of the Fund's comparative index and details regarding the calculation of the Fund's class-by-class performance are provided in the section of the Prospectus entitled "Additional Performance Information".

Average Annual Returns - Class 2, 3, 4, & 5 Prospectus - Baillie Gifford International Equity Fund
Average Annual Returns, 1 Year
Average Annual Returns, 5 Years
Average Annual Returns, Since Inception
[1]
Average Annual Returns, Inception Date
Class 2 5.24% 7.18% 2.97% Feb. 07, 2008
Class 3 5.31% [2] 7.26% [2] 3.34% [2] Sep. 01, 2010
Class 4 5.24% [3] 7.18% [3] 2.97% [3] Feb. 07, 2008
Class 5 5.40% [4] 7.27% [4] 3.01% [4] Apr. 07, 2014
After Taxes on Distributions | Class 2 4.70% 6.46% 2.33%  
After Taxes on Distributions and Sale of Fund Shares | Class 2 3.68% 5.47% 2.11%  
MSCI ACWI (ex U.S.) Index 5.01% [5] 5.48% [5] 1.30% [5] Feb. 07, 2008
[1] "Since Fund Inception" returns above show the Fund's returns from February 7, 2008, when the Fund most recently recommenced operations. The Fund was active for intervals between November 1, 2000 and November 22, 2005, and was inactive until it most recently recommenced operations on February 7, 2008.
[2] Performance for Class 3 shares prior to their date of inception (September 1, 2010) is derived from the historical performance of Class 2 shares, and has not been adjusted for the lower shareholder servicing fees applicable to Class 3 shares; had it, returns would have been higher.
[3] Performance for Class 4 shares which were unfunded as of December 31, 2016, is derived from the historical performance of Class 2 shares, and has not been adjusted for the lower shareholder servicing fees applicable to Class 4 shares; had it, returns would have been higher.
[4] Performance for Class 5 shares, prior to their date of inception (April 7, 2014) is derived from the historical performance of Class 2 shares, and has not been adjusted for the lower shareholder servicing fees applicable to Class 5 shares; had it, returns would have been higher.
[5] The source of the index data is MSCI Inc. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.

Updated information on the Fund's investment performance can be obtained by visiting http://USmutualfund.bailliegifford.com.

XML 59 R135.htm IDEA: XBRL DOCUMENT v3.8.0.1
Label Element Value
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford International Equity Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Baillie Gifford International Equity Fund
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The International Equity Fund seeks capital appreciation.

Expense [Heading] rr_ExpenseHeading Fees and Expenses
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (Fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Total Annual Fund Operating Expenses" or in the Example above, affect the Fund's performance. During the Fund's most recent fiscal year, the Fund's portfolio turnover rate was 12% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 12.00%
Expense Example [Heading] rr_ExpenseExampleHeading Example of Expenses
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same.

Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption Although your actual costs may be higher or lower, based on these assumptions, your expenses would be:
Strategy [Heading] rr_StrategyHeading Principal Investment Strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund seeks to meet its objective by investing in an international portfolio of equities, which include common stock and other equity securities, of issuers located in countries of developed and emerging markets. 


Under normal circumstances, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in common stocks and other equity securities. The Fund invests predominantly in securities issued by companies located in countries contained in the MSCI ACWI (ex U.S.) Index, which includes issuers from a range of developed and emerging market countries. The Fund ordinarily invests in securities of issuers located in at least three countries outside the U.S. The Fund may hold equity securities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund may invest in issuers of any market capitalization and may participate in initial public offerings ("IPOs").  


The portfolio managers principally select companies without regard to the MSCI ACWI (ex U.S.) 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The intended outcome is a diversified portfolio of between 70-110 quality growth companies with the potential to outperform the benchmark over the long-term. The Fund tends to hold securities for long periods (typically 3-5 years), which results in relatively low portfolio turnover and is in line with the Fund's 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 may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options.

Risk [Heading] rr_RiskHeading Principal Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You may consequently lose money by investing in the Fund.


The principal risks of investing in the Fund (in alphabetical order) are:


  • Currency and Currency Hedging Risk – The Fund could lose value if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value. A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains.

  • Emerging Markets Risk – To the extent the Fund invests in emerging market securities, the Fund may be exposed to greater market, credit, currency, liquidity, legal, political, technical and other risks different from, or greater than, the risks of investing in developed markets.

  • Equity Securities Risk – Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer.

  • Focused Investment Risk – Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused.

  • Growth Stock Risk – The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors.

  • Information Technology Risk – Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations.

  • IPO Risk – The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile.

  • Large Capitalization Securities Risk – Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies.

  • Liquidity Risk – The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments.

  • Long-Term Investment Strategy Risk – The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term.  An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses.

  • Market Disruption and Geopolitical Risk – The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions.

  • Market Risk – The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares.

  • Non-U.S. Investment Risk – Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S.

  • Service Provider Risk – The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund.

  • Settlement Risk – The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities, or prevent the Fund from selling securities at times and prices it considers desirable.

  • Small- and Medium-Capitalization Securities Risk – Securities of small- and medium-capitalization companies can be more volatile due to various factors including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines, than the securities of larger, more established companies.
Risk Lose Money [Text] rr_RiskLoseMoney You may consequently lose money by investing in the Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Past performance (before and after taxes) is not an indication of future performance.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress http://USmutualfund.bailliegifford.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance (before and after taxes) is not an indication of future performance.
Bar Chart [Heading] rr_BarChartHeading Annual Total Returns – Class 2 Shares
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

Highest Quarterly Return: 26.36% (Q2, 2009)

 

Lowest Quarterly Return: -19.39% (Q3, 2011)

Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Highest Quarterly Return
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 26.36%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Lowest Quarterly Return
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (19.39%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deduction for fees, expenses, or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown for Class 2 shares only, and after-tax returns for other Classes will vary.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock

In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are shown for Class 2 shares only, and after-tax returns for other Classes will vary. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements. A description of the Fund's comparative index and details regarding the calculation of the Fund's class-by-class performance are provided in the section of the Prospectus entitled "Additional Performance Information".

Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock

Updated information on the Fund's investment performance can be obtained by visiting http://USmutualfund.bailliegifford.com.

Caption rr_AverageAnnualReturnCaption Average Annual Total Returns for Periods Ended December 31, 2016
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford International Equity Fund | MSCI ACWI (ex U.S.) Index  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 5.01% [1]
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 5.48% [1]
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 1.30% [1],[2]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Feb. 07, 2008
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford International Equity Fund | Class 2  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Advisory Fees rr_ManagementFeesOverAssets 0.35%
Service Fees rr_DistributionAndService12b1FeesOverAssets 0.17% [3]
Other Expenses rr_OtherExpensesOverAssets 0.09%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.61%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 62
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 195
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 340
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 762
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 62
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 195
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 340
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 762
Annual Return 2009 rr_AnnualReturn2009 47.76%
Annual Return 2010 rr_AnnualReturn2010 14.65%
Annual Return 2011 rr_AnnualReturn2011 (11.94%)
Annual Return 2012 rr_AnnualReturn2012 22.33%
Annual Return 2013 rr_AnnualReturn2013 15.35%
Annual Return 2014 rr_AnnualReturn2014 (2.93%)
Annual Return 2015 rr_AnnualReturn2015 (1.89%)
Annual Return 2016 rr_AnnualReturn2016 5.24%
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 5.24%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 7.18%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 2.97% [2]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Feb. 07, 2008
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford International Equity Fund | Class 2 | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 4.70%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 6.46%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 2.33% [2]
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford International Equity Fund | Class 2 | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 3.68%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 5.47%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 2.11% [2]
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford International Equity Fund | Class 3  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Advisory Fees rr_ManagementFeesOverAssets 0.35%
Service Fees rr_DistributionAndService12b1FeesOverAssets 0.10% [3]
Other Expenses rr_OtherExpensesOverAssets 0.09%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.54%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 55
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 173
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 302
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 677
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 55
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 173
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 302
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 677
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 5.31% [4]
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 7.26% [4]
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 3.34% [2],[4]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Sep. 01, 2010
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford International Equity Fund | Class 4  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Advisory Fees rr_ManagementFeesOverAssets 0.35%
Service Fees rr_DistributionAndService12b1FeesOverAssets 0.07% [3]
Other Expenses rr_OtherExpensesOverAssets 0.09% [5]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.51%
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Class 4 was unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for Class 4 based on the Other Expenses of Class 2 shares.
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 52
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 164
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 285
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 640
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 52
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 164
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 285
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 640
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 5.24% [6]
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 7.18% [6]
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 2.97% [2],[6]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Feb. 07, 2008
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford International Equity Fund | Class 5  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Advisory Fees rr_ManagementFeesOverAssets 0.35%
Service Fees rr_DistributionAndService12b1FeesOverAssets 0.02% [3]
Other Expenses rr_OtherExpensesOverAssets 0.09%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.46%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 47
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 148
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 258
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 579
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 47
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 148
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 258
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 579
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 5.40% [7]
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 7.27% [7]
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 3.01% [2],[7]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Apr. 07, 2014
[1] The source of the index data is MSCI Inc. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.
[2] "Since Fund Inception" returns above show the Fund's returns from February 7, 2008, when the Fund most recently recommenced operations. The Fund was active for intervals between November 1, 2000 and November 22, 2005, and was inactive until it most recently recommenced operations on February 7, 2008.
[3] Service Fees differ between the Classes of the Fund to reflect varying levels of shareholder servicing fees payable to Baillie Gifford Overseas Limited (the "Manager"), as described in detail under "Share Classes-Shareholder Service Fees" below.
[4] Performance for Class 3 shares prior to their date of inception (September 1, 2010) is derived from the historical performance of Class 2 shares, and has not been adjusted for the lower shareholder servicing fees applicable to Class 3 shares; had it, returns would have been higher.
[5] Class 4 was unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for Class 4 based on the Other Expenses of Class 2 shares.
[6] Performance for Class 4 shares which were unfunded as of December 31, 2016, is derived from the historical performance of Class 2 shares, and has not been adjusted for the lower shareholder servicing fees applicable to Class 4 shares; had it, returns would have been higher.
[7] Performance for Class 5 shares, prior to their date of inception (April 7, 2014) is derived from the historical performance of Class 2 shares, and has not been adjusted for the lower shareholder servicing fees applicable to Class 5 shares; had it, returns would have been higher.
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Class 2, 3, 4, & 5 Prospectus | Baillie Gifford The Long Term Global Growth Equity Fund
Baillie Gifford The Long Term Global Growth Equity Fund
Investment Objective

The Long Term Global Growth Equity Fund seeks to provide long-term capital appreciation.

Fees and Expenses

The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees (Fees paid directly from your investment)
Shareholder Fees - Class 2, 3, 4, & 5 Prospectus - Baillie Gifford The Long Term Global Growth Equity Fund - USD ($)
Class 2
Class 3
Class 4
Class 5
Shareholder Fees (Fees paid directly from your investment) none none none none
Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - Class 2, 3, 4, & 5 Prospectus - Baillie Gifford The Long Term Global Growth Equity Fund
Class 2
Class 3
Class 4
Class 5
Advisory Fees 0.45% 0.45% 0.45% 0.45%
Service Fees [1] 0.17% 0.10% 0.07% 0.02%
Other Expenses 0.25% 0.25% [2] 0.24% 0.25% [2]
Total Annual Fund Operating Expenses 0.87% 0.80% 0.76% 0.72%
Fee Waiver and/or Expense Reimbursement [3] (0.10%) (0.10%) (0.09%) (0.10%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 0.77% 0.70% 0.67% 0.62%
[1] Service Fees differ between the Classes of the Fund to reflect varying levels of shareholder servicing fees payable to Baillie Gifford Overseas Limited (the "Manager"), as described in detail under "Fund Management-Investment Manager-Shareholder Services" below.
[2] Classes 3 and 5 were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for these Classes based on the Other Expenses of Class 2 shares.
[3] The Manager has contractually agreed to waive its fees and/or bear other expenses of The Long Term Global Growth Equity Fund through April 30, 2018 to the extent that the Fund's Total Annual Fund Operating Expenses (excluding interest, taxes and extraordinary expenses) exceed 0.77% for Class 2 shares, 0.70% for Class 3 shares, 0.67% for Class 4 shares, and 0.62% for Class 5 shares. This contractual agreement may only be terminated by the Board of Trustees of the Trust.
Example of Expenses

The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. The example below also applies any contractual expense waivers and/or expense reimbursements to the first year of each period listed in the table.

Although your actual costs may be higher or lower, based on these assumptions, your expenses would be:
Expense Example - Class 2, 3, 4, & 5 Prospectus - Baillie Gifford The Long Term Global Growth Equity Fund - USD ($)
Class 2
Class 3
Class 4
Class 5
1 Year $ 79 $ 72 $ 68 $ 63
3 Years 268 245 234 220
5 Years 472 434 414 391
10 Years $ 1,063 $ 980 $ 934 $ 885
Expense Example No Redemption - Class 2, 3, 4, & 5 Prospectus - Baillie Gifford The Long Term Global Growth Equity Fund - USD ($)
Class 2
Class 3
Class 4
Class 5
1 Year $ 79 $ 72 $ 68 $ 63
3 Years 268 245 234 220
5 Years 472 434 414 391
10 Years $ 1,063 $ 980 $ 934 $ 885
Portfolio Turnover

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Total Annual Fund Operating Expenses" or in the Example above, affect the Fund's performance. During the Fund's most recent fiscal year, the Fund's portfolio turnover rate was 15% of the average value of its portfolio.

Principal Investment Strategies

The Fund seeks to meet its objective by investing in a portfolio of global equity securities, which include common stock and other equity securities, without reference to benchmark constraints.


Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. While the portfolio managers are not constrained by geographic limitations, the Fund ordinarily invests in securities of issuers located in at least six different countries. In addition, under normal circumstances, the Fund will invest at least 40% of its total assets in securities of companies located outside the U.S. when market conditions are favorable, but, when market conditions are not favorable, will invest at least 30% of its total assets in companies located outside the U.S. The Fund may invest in issuers located in emerging markets.


The Fund may hold equity securities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund typically invests primarily in issuers with a market capitalization of more than $2 billion and may participate in initial public offerings ("IPOs").


The portfolio managers select investments without regard to the geographic, industry, sector, or individual company weightings on any index. 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The portfolio managers generally select securities of between 30-60 quality growth companies. The Fund is a non-diversified fund, which means that it may invest a relatively large percentage of its assets in a small number of issuers, industries or sectors. The Fund tends to hold securities for long periods (typically 5-10 years), which results in relatively low portfolio turnover and is in line with the Fund's 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 may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options.

Principal Risks

The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You may consequently lose money by investing in the Fund.


The principal risks of investing in the Fund are:


  • Currency and Currency Hedging Risk – The Fund could lose value if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value. A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains.

  • Emerging Markets Risk – To the extent the Fund invests in emerging market securities, the Fund may be exposed to greater market, credit, currency, liquidity, legal, political, technical and other risks different from, or greater than, the risks of investing in developed markets.

  • Equity Securities Risk – Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer.

  • Focused Investment Risk – Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused.

  • Growth Stock Risk – The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors.

  • Information Technology Risk – Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations.

  • IPO Risk – The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile.

  • Large Capitalization Securities Risk – Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies.

  • Liquidity Risk – The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments.

  • Long-Term Investment Strategy Risk – The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term.  An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses.

  • Market Disruption and Geopolitical Risk – The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions.

  • Market Risk – The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares.

  • Non-Diversification Risk – Certain Funds are classified as "non-diversified" funds. A non-diversified Fund may hold a smaller number of portfolio securities, with larger positions in each security it holds, than many other mutual funds. To the extent a Fund invests in a relatively small number of issuers, a decline in the market value of a particular security held by the Fund may affect its value more than if it invested in a larger number of issuers. The value of such Fund's shares may be more volatile than the values of shares of more diversified funds. See also "Focused Investment Risk."

  • Non-U.S. Investment Risk – Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S.

  • Service Provider Risk – The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund.

  • Settlement Risk – The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities, or prevent the Fund from selling securities at times and prices it considers desirable.

  • Small- and Medium-Capitalization Securities Risk – Securities of small- and medium-capitalization companies can be more volatile due to various factors including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines, than the securities of larger, more established companies.
Performance

The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Past performance (before and after taxes) is not an indication of future performance.

Annual Total Returns – Class 2 Shares
Bar Chart

Highest Quarterly Return: 14.47% (Q4, 2015)

 

Lowest Quarterly Return: -9.75% (Q3, 2015)

Average Annual Total Returns for Periods Ended December 31, 2016

In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are shown for Class 2 shares only, and after-tax returns for other Classes will vary. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements. A description of the Fund's comparative index and details regarding the calculation of the Fund's class-by-class performance are provided in the section of the Prospectus entitled "Additional Performance Information".

Average Annual Returns - Class 2, 3, 4, & 5 Prospectus - Baillie Gifford The Long Term Global Growth Equity Fund
Average Annual Returns, 1 Year
Average Annual Returns, Since Inception
Average Annual Returns, Inception Date
Class 2 (3.80%) 5.42% Jun. 10, 2014
Class 3 (3.80%) [1] 5.42% [1] Jun. 10, 2014
Class 4 (3.71%) [2] 5.47% [2] Oct. 06, 2015
Class 5 (3.80%) [3] 5.42% [3] Jun. 10, 2014
After Taxes on Distributions | Class 2 (3.93%) 5.22%  
After Taxes on Distributions and Sale of Fund Shares | Class 2 (2.04%) 4.14%  
MSCI ACWI Index 8.48% [4] 2.00% [4] Jun. 10, 2014
[1] Performance for Class 3 shares, which were unfunded as of December 31, 2016, is derived from the historical performance of Class 2 shares, and has not been adjusted for the lower shareholder servicing fees applicable to Class 3 shares; had it, returns would have been higher.
[2] Performance for Class 4 shares prior to their date of inception (October 6, 2015) is derived from the historical performance of Class 2 shares and has not been adjusted for the lower shareholder servicing fees applicable to Class 4 shares; had it, returns would have been higher
[3] Performance for Class 5 shares, which were unfunded as of December 31, 2016, is derived from the historical performance of Class 2 shares and has not been adjusted for the lower shareholder servicing fees applicable to Class 5 shares; had it, returns would have been higher.
[4] The source of the index data is MSCI Inc. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.

Updated information on the Fund's investment performance can be obtained by visiting http://USmutualfund.bailliegifford.com.

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Label Element Value
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford The Long Term Global Growth Equity Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Baillie Gifford The Long Term Global Growth Equity Fund
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Long Term Global Growth Equity Fund seeks to provide long-term capital appreciation.

Expense [Heading] rr_ExpenseHeading Fees and Expenses
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (Fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination Apr. 30, 2018
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These transaction costs, which are not reflected in "Total Annual Fund Operating Expenses" or in the Example above, affect the Fund's performance. During the Fund's most recent fiscal year, the Fund's portfolio turnover rate was 15% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 15.00%
Expense Example [Heading] rr_ExpenseExampleHeading Example of Expenses
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

The example below is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It assumes that you invest $10,000 in the Fund for the time periods indicated, regardless of whether or not you redeem your shares at the end of such periods. It also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. The example below also applies any contractual expense waivers and/or expense reimbursements to the first year of each period listed in the table.

Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption Although your actual costs may be higher or lower, based on these assumptions, your expenses would be:
Strategy [Heading] rr_StrategyHeading Principal Investment Strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund seeks to meet its objective by investing in a portfolio of global equity securities, which include common stock and other equity securities, without reference to benchmark constraints.


Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. While the portfolio managers are not constrained by geographic limitations, the Fund ordinarily invests in securities of issuers located in at least six different countries. In addition, under normal circumstances, the Fund will invest at least 40% of its total assets in securities of companies located outside the U.S. when market conditions are favorable, but, when market conditions are not favorable, will invest at least 30% of its total assets in companies located outside the U.S. The Fund may invest in issuers located in emerging markets.


The Fund may hold equity securities either directly or indirectly, such as through depositary receipts and may hold preferred stocks, convertible securities and warrants. The Fund typically invests primarily in issuers with a market capitalization of more than $2 billion and may participate in initial public offerings ("IPOs").


The portfolio managers select investments without regard to the geographic, industry, sector, or individual company weightings on any index. 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, relationships with industry thought leaders and academics, and wider reading. Stock ideas will be researched to assess a range of factors, including: backdrop, competitive advantage, management, financial strength and valuation. The portfolio managers generally select securities of between 30-60 quality growth companies. The Fund is a non-diversified fund, which means that it may invest a relatively large percentage of its assets in a small number of issuers, industries or sectors. The Fund tends to hold securities for long periods (typically 5-10 years), which results in relatively low portfolio turnover and is in line with the Fund's 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 may engage in currency hedging in an attempt to preserve the Fund's investments in U.S. dollar terms, which may be accomplished using such instruments as currency forwards, currency spot transactions and related options.

Risk [Heading] rr_RiskHeading Principal Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

The Fund's net asset value and returns will be impacted by the performance of the underlying investments of the Fund. You may consequently lose money by investing in the Fund.


The principal risks of investing in the Fund are:


  • Currency and Currency Hedging Risk – The Fund could lose value if it invests in foreign currencies or securities denominated in foreign currencies which decline in value relative to the U.S. Dollar, or if it invests in products to reduce this exposure, and those products lose value. A Fund may realize a loss if it has exposure to a non-U.S. currency, and this non-U.S. currency declines in value, relative to the U.S. dollar. Similarly, a Fund may realize a loss if the Fund hedges exposure to a non-U.S. currency, and this non-U.S. currency increases in value, relative to the U.S. dollar. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains.

  • Emerging Markets Risk – To the extent the Fund invests in emerging market securities, the Fund may be exposed to greater market, credit, currency, liquidity, legal, political, technical and other risks different from, or greater than, the risks of investing in developed markets.

  • Equity Securities Risk – Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer.

  • Focused Investment Risk – Should the Fund focus its investments in related, or a limited number of, countries, regions, sectors, or companies, this would create more risk and greater volatility than if the Fund's investments were less focused.

  • Growth Stock Risk – The prices of growth stocks may be based largely on expectations of future earnings, and their prices can decline rapidly and significantly in reaction to negative news. Growth stocks may underperform stocks in other broad style categories (and the stock market as a whole) over any period of time and may shift in and out of favor with investors generally, sometimes rapidly, depending on changes in market, economic, and other factors.

  • Information Technology Risk – Cyber-attacks, disruptions, or failures that affect the Fund's service providers, counterparties, the securities markets generally, other market participants, or issuers of securities held by the Fund may adversely affect the Fund and its shareholders, including by causing losses for the Fund or impairing Fund operations.

  • IPO Risk – The Fund may purchase securities in IPOs. These securities are subject to many of the same risks of investing in companies with smaller market capitalizations. Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile.

  • Large Capitalization Securities Risk – Returns on investments in securities of large companies could trail the returns on investments in securities of smaller and medium-sized companies. Larger companies may be unable to respond as quickly as smaller and medium-sized companies to competitive challenges or to changes in business, product, financial, or other market conditions. Larger companies may not be able to achieve or maintain growth at the high rates that may be achieved by well-managed smaller and medium-sized companies.

  • Liquidity Risk – The Fund's investments may be subject to low trading volume, lack of a market maker, or regulatory restrictions. As a result, it may not be possible to sell an investment at a particular time or at an acceptable price. The Fund may also hold large positions in securities of particular issues, which may decrease the liquidity of the Fund's investments.

  • Long-Term Investment Strategy Risk – The Fund pursues a long-term investment approach, typically seeking returns over a 5-10 year period. This investment style may cause the Fund to lose money or underperform compared to its benchmark index or other mutual funds over the short term, and the Fund may not perform as expected in the long term.  An investment in the Fund may be more suitable for long-term investors who can bear the risk of short-term fluctuations in the value of the Fund's portfolio, including short-term losses.

  • Market Disruption and Geopolitical Risk – The value of the Fund's investments could be adversely affected by events that disrupt securities markets and adversely affect global markets and by changes in non-U.S. and U.S. economic and political conditions.

  • Market Risk – The value of the Fund's investments will be affected by fluctuations in the stock markets in which the Fund is invested, factors affecting a particular industry or industries, real or perceived adverse economic conditions, changes in interest or currency rates or adverse investor sentiment generally. Declines in securities market prices may reduce the net asset value of the Fund's shares.

  • Non-Diversification Risk – Certain Funds are classified as "non-diversified" funds. A non-diversified Fund may hold a smaller number of portfolio securities, with larger positions in each security it holds, than many other mutual funds. To the extent a Fund invests in a relatively small number of issuers, a decline in the market value of a particular security held by the Fund may affect its value more than if it invested in a larger number of issuers. The value of such Fund's shares may be more volatile than the values of shares of more diversified funds. See also "Focused Investment Risk."

  • Non-U.S. Investment Risk – Non-U.S. securities are subject to additional risks, including less liquidity, increased volatility, less transparency, withholding or other taxes, increased vulnerability to adverse changes in local and global economic conditions, less regulation, and possible fluctuation in value due to adverse political conditions. Foreign portfolio transactions generally involve higher commission rates, transfer taxes, and custodial costs than similar transactions in the U.S.

  • Service Provider Risk – The Fund will be affected by the Manager's investment techniques, analyses, assessments and employee retention. Similarly, adverse events or performance failures at a service provider, such as human error, inadequate controls or insolvency, have the ability to adversely affect the Fund.

  • Settlement Risk – The Fund may experience delays in settlement due to the different clearance and settlement procedures in non-U.S. countries. Such delays may increase credit risk to the Fund, limit the ability of the Fund to reinvest the proceeds of a sale of securities, or prevent the Fund from selling securities at times and prices it considers desirable.

  • Small- and Medium-Capitalization Securities Risk – Securities of small- and medium-capitalization companies can be more volatile due to various factors including more limited product lines, financial and management resources and market distribution channels, as well as shorter operating histories and potentially reduced liquidity, especially during market declines, than the securities of larger, more established companies.
Risk Lose Money [Text] rr_RiskLoseMoney You may consequently lose money by investing in the Fund.
Risk Nondiversified Status [Text] rr_RiskNondiversifiedStatus 1. Non-Diversification Risk – Certain Funds are classified as "non-diversified" funds. A non-diversified Fund may hold a smaller number of portfolio securities, with larger positions in each security it holds, than many other mutual funds. To the extent a Fund invests in a relatively small number of issuers, a decline in the market value of a particular security held by the Fund may affect its value more than if it invested in a larger number of issuers. The value of such Fund's shares may be more volatile than the values of shares of more diversified funds. See also "Focused Investment Risk."
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark. Past performance (before and after taxes) is not an indication of future performance.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's annual total returns from year to year and by comparing the Fund's average annual total returns with those of the Fund's benchmark.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress http://USmutualfund.bailliegifford.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance (before and after taxes) is not an indication of future performance.
Bar Chart [Heading] rr_BarChartHeading Annual Total Returns – Class 2 Shares
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

Highest Quarterly Return: 14.47% (Q4, 2015)

 

Lowest Quarterly Return: -9.75% (Q3, 2015)

Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Highest Quarterly Return
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Dec. 31, 2015
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 14.47%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Lowest Quarterly Return
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2015
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (9.75%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deduction for fees, expenses, or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown for Class 2 shares only, and after-tax returns for other Classes will vary.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock

In the table below, after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are shown for Class 2 shares only, and after-tax returns for other Classes will vary. Actual after-tax returns depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant if you are tax-exempt or if you hold your Fund shares through tax-advantaged arrangements. A description of the Fund's comparative index and details regarding the calculation of the Fund's class-by-class performance are provided in the section of the Prospectus entitled "Additional Performance Information".

Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock

Updated information on the Fund's investment performance can be obtained by visiting http://USmutualfund.bailliegifford.com.

Caption rr_AverageAnnualReturnCaption Average Annual Total Returns for Periods Ended December 31, 2016
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford The Long Term Global Growth Equity Fund | MSCI ACWI Index  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 8.48% [1]
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 2.00% [1]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Jun. 10, 2014
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford The Long Term Global Growth Equity Fund | Class 2  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Advisory Fees rr_ManagementFeesOverAssets 0.45%
Service Fees rr_DistributionAndService12b1FeesOverAssets 0.17% [2]
Other Expenses rr_OtherExpensesOverAssets 0.25%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.87%
Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.10%) [3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.77%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 79
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 268
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 472
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,063
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 79
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 268
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 472
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,063
Annual Return 2015 rr_AnnualReturn2015 13.99%
Annual Return 2016 rr_AnnualReturn2016 (3.80%)
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 (3.80%)
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 5.42%
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Jun. 10, 2014
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford The Long Term Global Growth Equity Fund | Class 2 | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 (3.93%)
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 5.22%
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford The Long Term Global Growth Equity Fund | Class 2 | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 (2.04%)
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 4.14%
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford The Long Term Global Growth Equity Fund | Class 3  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Advisory Fees rr_ManagementFeesOverAssets 0.45%
Service Fees rr_DistributionAndService12b1FeesOverAssets 0.10% [2]
Other Expenses rr_OtherExpensesOverAssets 0.25% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.80%
Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.10%) [3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.70%
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Classes 3 and 5 were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for these Classes based on the Other Expenses of Class 2 shares.
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 72
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 245
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 434
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 980
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 72
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 245
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 434
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 980
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 (3.80%) [5]
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 5.42% [5]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Jun. 10, 2014
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford The Long Term Global Growth Equity Fund | Class 4  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Advisory Fees rr_ManagementFeesOverAssets 0.45%
Service Fees rr_DistributionAndService12b1FeesOverAssets 0.07% [2]
Other Expenses rr_OtherExpensesOverAssets 0.24%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.76%
Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.09%) [3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.67%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 68
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 234
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 414
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 934
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 68
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 234
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 414
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 934
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 (3.71%) [6]
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 5.47% [6]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Oct. 06, 2015
Class 2, 3, 4, & 5 Prospectus | Baillie Gifford The Long Term Global Growth Equity Fund | Class 5  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (Fees paid directly from your investment) rr_ShareholderFeeOther none
Advisory Fees rr_ManagementFeesOverAssets 0.45%
Service Fees rr_DistributionAndService12b1FeesOverAssets 0.02% [2]
Other Expenses rr_OtherExpensesOverAssets 0.25% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.72%
Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.10%) [3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.62%
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Classes 3 and 5 were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for these Classes based on the Other Expenses of Class 2 shares.
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 63
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 220
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 391
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 885
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 63
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 220
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 391
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 885
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 (3.80%) [7]
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 5.42% [7]
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Jun. 10, 2014
[1] The source of the index data is MSCI Inc. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indexes or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.
[2] Service Fees differ between the Classes of the Fund to reflect varying levels of shareholder servicing fees payable to Baillie Gifford Overseas Limited (the "Manager"), as described in detail under "Fund Management-Investment Manager-Shareholder Services" below.
[3] The Manager has contractually agreed to waive its fees and/or bear other expenses of The Long Term Global Growth Equity Fund through April 30, 2018 to the extent that the Fund's Total Annual Fund Operating Expenses (excluding interest, taxes and extraordinary expenses) exceed 0.77% for Class 2 shares, 0.70% for Class 3 shares, 0.67% for Class 4 shares, and 0.62% for Class 5 shares. This contractual agreement may only be terminated by the Board of Trustees of the Trust.
[4] Classes 3 and 5 were unfunded as of December 31, 2016. Therefore Other Expenses have been estimated for these Classes based on the Other Expenses of Class 2 shares.
[5] Performance for Class 3 shares, which were unfunded as of December 31, 2016, is derived from the historical performance of Class 2 shares, and has not been adjusted for the lower shareholder servicing fees applicable to Class 3 shares; had it, returns would have been higher.
[6] Performance for Class 4 shares prior to their date of inception (October 6, 2015) is derived from the historical performance of Class 2 shares and has not been adjusted for the lower shareholder servicing fees applicable to Class 4 shares; had it, returns would have been higher
[7] Performance for Class 5 shares, which were unfunded as of December 31, 2016, is derived from the historical performance of Class 2 shares and has not been adjusted for the lower shareholder servicing fees applicable to Class 5 shares; had it, returns would have been higher.
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Prospectus Date rr_ProspectusDate Dec. 13, 2017
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