The Baillie Gifford Health Innovation Equities Fund - Class K (BGHDX) is a mutual fund that focuses on investing in companies within the health innovation sector. This fund is managed by Baillie Gifford, a global investment management firm known for its long-term, growth-oriented approach. Class K shares typically have lower fees and are available to institutional investors. This fund aims to provide investors with exposure to innovative and disruptive companies in the healthcare industry, with the potential for long-term growth and capital appreciation.