The trust will continue to charge its current fee of 0.45% on its first £750m of assets, but from May 1 the fee on assets above that level will reduce to 0.33%.
The cut is expected to reduce the trust’s overall ongoing charge by 0.04% and save its investors roughly £500,000 a year.
It comes amid public outcry about the fees charged by some funds in the UK, with critics arguing funds should drop their fees when they reach a certain size because many of the costs of managing a portfolio are fixed.
The FCA is currently conducting its Market Study of Asset Management, with issues under investigation including the possibility that the industry does a poor job of passing on scale benefits to clients.
Bailie Gifford’s move follows the introduction of similar structures on some of its other trusts including its £5.1bn Scottish Mortgage Investment Trust.