Liquidation: BAILLIE GIFFORD FUNDS

Form Type: 497

Filing Date: 2025-05-21

Corporate Action: Liquidation

Type: New

Accession Number: 000110465925051606

Filing Summary: The Board of Trustees of Baillie Gifford Funds has approved a Plan of Liquidation and Termination for the Baillie Gifford International Smaller Companies Fund. The Fund will cease selling shares to new investors and aims to redeem all outstanding shares by July 21, 2025. The liquidation process will involve the Fund's investment adviser liquidating its investments, and shareholders who do not redeem their shares beforehand may incur transaction costs. Liquidation will be a taxable event for shareholders, potentially resulting in capital gains or losses depending on the amounts received versus the tax basis. The Fund will remain closed to new purchases except for automatic investment options until liquidation. Shareholders may still redeem shares at net asset value during this period, and automatic redemptions will occur post-liquidation date for those who have not taken any action. The Fund is expected to shift from its investment objectives and strategies toward holding cash equivalents until liquidation completion, which will impact investment performance.