The Baillie Gifford Emerging Markets Ex China Fund - Class K (BGEZX) is a mutual fund that focuses on investing in emerging markets outside of China. This fund is managed by Baillie Gifford, a global investment management firm known for its long-term, growth-oriented approach. The Class K shares of this fund are designed for institutional investors and have a lower expense ratio compared to other share classes. BGEZX aims to provide investors with exposure to high-growth potential companies in emerging markets, while also diversifying away from the risks associated with investing in China.