Baillie Gifford International Concentrated Growth ETF(NASDAQ:BGCG)

BGCG invests in a concentrated portfolio of approximately 20 to 35 companies selected through a bottom-up research process focused on long-term growth opportunities. The strategy primarily invests in developed and emerging market companies outside the US, although it may allocate up to 20% of assets to US issuers. Portfolio managers evaluate factors such as competitive advantages, management quality, industry positioning, financial strength, valuation, and long-term growth prospects when selecting holdings. The fund is unconstrained by market capitalization and may invest in IPOs, depositary receipts, and securities not registered in the US. Investments are typically held for at least five years, reflecting the managers long-term investment approach. The fund generally does not hedge currency exposure and remains fully exposed to foreign exchange movements.