BICKX

About BICKX

The Baillie Gifford International Smaller Companies Fund is a diversified mutual fund focused on achieving capital appreciation by investing in a portfolio of common stocks issued by smaller companies located outside the United States. The fund typically targets businesses with market capitalizations around $2 billion or lower, primarily in developed and select emerging markets, and continues to hold companies that grow beyond this threshold, while generally limiting new investments to those within its size criteria. Notable for its emphasis on uncovering underappreciated or overlooked companies, the fund seeks firms demonstrating visionary leadership, innovative capabilities, or exceptional operational execution. Its portfolio spans a variety of sectors, including technology, consumer cyclical, industrials, and financial services, with top holdings such as Chroma Ate Inc, Brunello Cucinelli SpA, and Games Workshop Group PLC. The fund maintains an active management approach, evident in its high active share and relatively low annual turnover, which reflects a long-term conviction in its selected investments. By focusing on international small-cap equities, the fund offers exposure to dynamic, growth-oriented businesses with the potential to deliver disproportionate returns relative to their size, playing a distinctive role for investors seeking diversification beyond large-cap or domestic markets.