Baillie Gifford International Smaller Companies Fund NMFQS:BICIX

The fund seeks to meet its objective by investing in an international portfolio of common stocks of smaller companies located in countries of developed and emerging markets. It currently defines a "smaller company" as a company with a market capitalization that does not exceed $10 billion. In addition, under normal circumstances, the fund will invest primarily in companies located outside the U.S. It ordinarily invests in securities of issuers located in at least three countries outside the U.S., although the fund may focus its investments in a small number of countries or regions.