Federal Register #36275

SEC Notice: Application for Exemptions by Baillie Gifford Funds et al. under the Investment Company Act

This notice concerns a regulatory application, not a procurement opportunity, from Baillie Gifford Funds, Baillie Gifford ETF Trust, and Baillie Gifford Overseas Limited to the Securities and Exchange Commission (SEC): - Government buyer: - Securities and Exchange Commission (SEC) - OEMs/Vendors mentioned: - Baillie Gifford Funds - Baillie Gifford ETF Trust - Baillie Gifford Overseas Limited - Products/Services requested: - No products or services are being procured - The application seeks exemptions under the Investment Company Act of 1940 - Relief would allow a registered open-end management investment company to offer both exchange-traded shares (ETF Class) and non-exchange-traded shares (Mutual Fund Class) within a Multi-Class ETF Fund structure - Unique or notable requirements: - Exemptions consistent with Rule 6c-11 - Additional relief to permit multiple share classes in a single fund - Notice is for public comment on the regulatory application, not for procurement

Description

The Securities and Exchange Commission (SEC) has received an application from Baillie Gifford Funds, Baillie Gifford ETF Trust, and Baillie Gifford Overseas Limited requesting an order for exemptions under the Investment Company Act of 1940. The order would allow a registered open-end management investment company to offer one class of exchange-traded shares operating as an ETF and one or more classes of shares that are not exchange-traded. The relief sought includes operational relief consistent with Rule 6c-11 and relief to offer multiple share classes within a Multi-Class ETF Fund structure. The application was filed on July 2, 2026, and interested persons may request a hearing by August 24, 2026.

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