# EDGAR Filing Document

**Accession Number:** 0001120543
**File Stem:** 0001752724-23-036649
**Filing Date:** 2023-2
**Character Count:** 27861
**Document Hash:** 8ba58b553b456af8191610f08e143946
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-036649.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001752724-23-036649

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221230

**FILED AS OF DATE**: 20230223

**DATE AS OF CHANGE**: 20230223

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BAILLIE GIFFORD FUNDS
- **CENTRAL INDEX KEY:** 0001120543
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-10145
- **FILM NUMBER:** 23658209

**BUSINESS ADDRESS:**
- **STREET 1:** CALTON SQUARE, 1 GREENSIDE ROW
- **STREET 2:** EDINBURGH SCOTLAND
- **CITY:** EH1 3AN
- **STATE:** X0
- **ZIP:** 00000
- **BUSINESS PHONE:** 0144131222

**MAIL ADDRESS:**
- **STREET 1:** CALTON SQUARE, 1 GREENSIDE ROW
- **STREET 2:** EDINBURGH SCOTLAND
- **CITY:** EH1 3AN
- **STATE:** X0
- **ZIP:** 00000

## Series and Classes Contracts Data

### Baillie Gifford Emerging Markets Equities Fund (Series ID: S000006833)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000018471 | Class 2             | BGEHX           |
| C000018472 | Class 5             | BGEDX           |
| C000157005 | Class 3             | BGELX           |
| C000157006 | Class 4             | BGEPX           |
| C000186026 | Institutional Class | BGEGX           |
| C000186027 | Class K             | BGKEX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Baillie Gifford Funds

- **b. Investment Company Act file number:** 811-10145

- **c. CIK number of Registrant:** 0001120543

- **d. LEI of Registrant:** 213800T287IYS8QHPC42

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** CALTON SQUARE, ONE GREENSIDE ROW

  - **City:** EDINBURGH

  - **Zip / Postal Code:** EH1 3AN

  - **Telephone number:** 011-44-131-275-2000

**Item A.2. Information about the Series.**

- **a. Name of Series:** Baillie Gifford Emerging Markets Equities Fund

- **b. EDGAR series identifier (if any):** S000006833

- **c. LEI of Series:** 213800AYGKM1ZPTRBP96

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $4423972819.66

**Total Liabilities:** $14816522.46

**Net Assets:** $4409156297.20

**Cash Not Reported:** $7828204.02

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000157005 | -2.87%               | 19.39%               | -3.81%               |
| Class ID C000018471 | -2.87%               | 19.38%               | -3.81%               |
| Class ID C000186026 | -2.86%               | 19.37%               | -3.85%               |
| Class ID C000018472 | -2.86%               | 19.40%               | -3.80%               |
| Class ID C000157006 | -2.87%               | 19.39%               | -3.80%               |
| Class ID C000186027 | -2.92%               | 19.43%               | -3.85%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-29.82                  | $-113455386.85                             |
| Month 2  | $-11446061.02            | $751594823.54                              |
| Month 3  | $-1934302.35             | $-186170224.98                             |

### Schedule of Portfolio Investments

| Name                           | Title                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| JD.com Inc                     | JD.com Inc                                | CUSIP: 000000000<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | CN        |   3023785 | NS      | $84413921.66  | 1.91%             |  |  |  | No            |                  2 | On Loan: No      |
| MMC Norilsk Nickel PJSC        | MMC Norilsk Nickel PJSC                   | CUSIP: 55315J102<br>LEI: 253400JPTEEW143W3E47 | Long             | EC               | CORP              | RU        |         2 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Meituan                        | Meituan                                   | CUSIP: 000000000<br>LEI: 21380033K525E5JLIA77 | Long             | EC               | CORP              | CN        |   6369100 | NS      | $141112730.09 | 3.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Ping An Bank Co Ltd            | Ping An Bank Co Ltd                       | CUSIP: 000000000<br>LEI: 549300W9MKNIVWXFM679 | Long             | EC               | CORP              | CN        |  20186609 | NS      | $38104617.98  | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| First Quantum Minerals Ltd     | First Quantum Minerals Ltd                | CUSIP: 335934105<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | EC               | CORP              | CA        |   4133227 | NS      | $86358191.90  | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Industries Ltd        | Reliance Industries Ltd                   | CUSIP: 000000000<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               | CORP              | IN        |   6061420 | NS      | $186089313.94 | 4.22%             |  |  |  | No            |                  2 | On Loan: No      |
| StoneCo Ltd                    | StoneCo Ltd                               | CUSIP: 000000000<br>LEI: 549300O1A9LEF0XZCR35 | Long             | EC               | CORP              | BR        |    504105 | NS      | $4758751.20   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Minth Group Ltd                | Minth Group Ltd                           | CUSIP: 000000000<br>LEI: 254900B2AH0G13K9G204 | Long             | EC               | CORP              | CN        |  12518000 | NS      | $33788416.18  | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Cemex SAB de CV                | Cemex SAB de CV                           | CUSIP: 151290889<br>LEI: 549300RIG2CXWN6IV731 | Long             | EC               | CORP              | MX        |   8072057 | NS      | $32691830.85  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| LG Chem Ltd                    | LG Chem Ltd                               | CUSIP: 000000000<br>LEI: 988400IES4EIG7O06940 | Long             | EC               | CORP              | KR        |    147566 | NS      | $70467088.70  | 1.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Bradesco SA              | Banco Bradesco SA                         | CUSIP: 059460303<br>LEI: 549300CTUU1RFXHQJE44 | Long             | EC               | CORP              | BR        |  20014787 | NS      | $57642586.56  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| MMC Norilsk Nickel PJSC        | MMC Norilsk Nickel PJSC                   | CUSIP: 000000000<br>LEI: 253400JPTEEW143W3E47 | Long             | EC               | CORP              | RU        |    548127 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| China Merchants Bank Co Ltd    | China Merchants Bank Co Ltd               | CUSIP: 000000000<br>LEI: 549300MKO5B60FFIHF58 | Long             | EC               | CORP              | CN        |  19924500 | NS      | $110259328.38 | 2.50%             |  |  |  | No            |                  2 | On Loan: No      |
| FirstRand Ltd                  | FirstRand Ltd                             | CUSIP: 000000000<br>LEI: 529900XYOP8CUZU7R671 | Long             | EC               | CORP              | ZA        |   8227356 | NS      | $29890711.51  | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Lufax Holding Ltd              | Lufax Holding Ltd                         | CUSIP: 54975P102<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |   6343355 | NS      | $12306108.70  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Raizen SA                      | Raizen SA                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BR        |  38778110 | NS      | $27383739.21  | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Consultancy Services Ltd  | Tata Consultancy Services Ltd             | CUSIP: 000000000<br>LEI: 335800ZJKU9GPQRE2U66 | Long             | EC               | CORP              | IN        |   2212674 | NS      | $87018093.15  | 1.97%             |  |  |  | No            |                  2 | On Loan: No      |
| SHENZHOU INTL                  | Shenzhou International Group Holdings Ltd | CUSIP: 000000000<br>LEI: 529900B4W41TCUKJFM73 | Long             | EC               | CORP              | CN        |   2744100 | NS      | $30601810.72  | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd     | Samsung Electronics Co Ltd                | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |   5045182 | NS      | $221449401.61 | 5.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Coupang Inc                    | Coupang Inc                               | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | KR        |   3345295 | NS      | $49209289.45  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| KE Holdings Inc                | KE Holdings Inc                           | CUSIP: 000000000<br>LEI: 254900RHVY072XPAZE03 | Long             | EC               | CORP              | CN        |   4146424 | NS      | $19342724.66  | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Baidu Inc                      | Baidu Inc                                 | CUSIP: 000000000<br>LEI: 254900AL64IANZYI1E02 | Long             | EC               | CORP              | CN        |   3324250 | NS      | $47406261.52  | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Haier Smart Home Co Ltd        | Haier Smart Home Co Ltd                   | CUSIP: 000000000<br>LEI: 3003002BYTNGNJTWSH07 | Long             | EC               | CORP              | CN        |  16305080 | NS      | $55340748.57  | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Piramal Pharma Ltd             | Piramal Pharma Ltd                        | CUSIP: 000000000<br>LEI: 3358006D6AL7PZ4U9T51 | Long             | EC               | CORP              | IN        |   6784700 | NS      | $9402464.10   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleo Brasileiro SA         | Petroleo Brasileiro SA                    | CUSIP: 71654V408<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |  15471918 | NS      | $164775926.70 | 3.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Sberbank of Russia PJSC        | Sberbank of Russia PJSC                   | CUSIP: 000000000<br>LEI: 549300WE6TAF5EEWQS81 | Long             | EC               | CORP              | RU        |  31444360 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| KE Holdings Inc                | KE Holdings Inc                           | CUSIP: 482497104<br>LEI: 254900RHVY072XPAZE03 | Long             | EC               | CORP              | CN        |    359307 | NS      | $5015925.72   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Sea Ltd                        | Sea Ltd                                   | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | SG        |    322740 | NS      | $16792162.20  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co Ltd     | Samsung Electronics Co Ltd                | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EP               | CORP              | KR        |   1860196 | NS      | $74544299.24  | 1.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Housing Development Finance Co | Housing Development Finance Corp Ltd      | CUSIP: 000000000<br>LEI: 335800OX2H9AP7NHLT64 | Long             | EC               | CORP              | IN        |   4490686 | NS      | $142763238.88 | 3.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Valeura Energy Inc             | Valeura Energy Inc                        | CUSIP: 919144402<br>LEI: 2549003ZBCOPPO06GY48 | Long             | EC               | CORP              | CA        |   4672400 | NS      | $7212197.93   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Tech Mahindra Ltd              | Tech Mahindra Ltd                         | CUSIP: 000000000<br>LEI: 3358005FZUZ1I25XQH69 | Long             | EC               | CORP              | IN        |   5342229 | NS      | $65515530.98  | 1.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Music Entertainment Gr | Tencent Music Entertainment Group         | CUSIP: 88034P109<br>LEI: 213800XTZK2GOHQTYK41 | Long             | EC               | CORP              | CN        |   3258592 | NS      | $26981141.76  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Zai Lab Ltd                    | Zai Lab Ltd                               | CUSIP: 000000000<br>LEI: 549300P2UYQ9U5LY1T58 | Long             | EC               | CORP              | CN        |   4446930 | NS      | $13764387.37  | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Zijin Mining Group Co Ltd      | Zijin Mining Group Co Ltd                 | CUSIP: 000000000<br>LEI: 836800JRNL2393Z2I561 | Long             | EC               | CORP              | CN        |  23218000 | NS      | $31204811.15  | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| UltraTech Cement Ltd           | UltraTech Cement Ltd                      | CUSIP: 000000000<br>LEI: 335800PC9O9B4BQHG814 | Long             | EC               | CORP              | IN        |    420763 | NS      | $35307211.16  | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Motor Co               | Hyundai Motor Co                          | CUSIP: 000000000<br>LEI: 9884004RQX8PRBXQ8S60 | Long             | EC               | CORP              | KR        |    610429 | NS      | $73057350.79  | 1.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Kuaishou Technology            | Kuaishou Technology                       | CUSIP: 000000000<br>LEI: 300300FCDZBE6UP9ED24 | Long             | EC               | CORP              | CN        |   2462900 | NS      | $22139673.87  | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| PTT Exploration & Production P | PTT Exploration & Production PCL          | CUSIP: 000000000<br>LEI: 2549001O8YYGP5N7Q076 | Long             | EC               | CORP              | TH        |  15339600 | NS      | $78118714.02  | 1.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd           | Tencent Holdings Ltd                      | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | CN        |   4553900 | NS      | $193087016.93 | 4.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Magnit PJSC                    | Magnit PJSC                               | CUSIP: 000000000<br>LEI: 2534009KKPTVL99W2Y12 | Long             | EC               | CORP              | RU        |    362537 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Copa Holdings SA               | Copa Holdings SA                          | CUSIP: 000000000<br>LEI: 529900BB9UQJV6QQHA59 | Long             | EC               | CORP              | PA        |    645174 | NS      | $53659121.58  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Midea Group Co Ltd             | Midea Group Co Ltd                        | CUSIP: 000000000<br>LEI: 3003003TRPHLHZD2IF61 | Long             | EC               | CORP              | CN        |   4463270 | NS      | $33123238.55  | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| PING AN                        | Ping An Insurance Group Co of China Ltd   | CUSIP: 000000000<br>LEI: 529900M9MC28JLN35U89 | Long             | EC               | CORP              | CN        |  19445500 | NS      | $127751983.60 | 2.90%             |  |  |  | No            |                  2 | On Loan: No      |
| TSMC                           | Taiwan Semiconductor Manufacturing Co Ltd | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |  27059310 | NS      | $392994895.48 | 8.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Doosan Bobcat Inc              | Doosan Bobcat Inc                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |    919829 | NS      | $25167684.19  | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| KGHM Polska Miedz SA           | KGHM Polska Miedz SA                      | CUSIP: 000000000<br>LEI: G30CO71KTT9JDYJESN22 | Long             | EC               | CORP              | PL        |    897734 | NS      | $26112932.36  | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Ozon Holdings PLC              | Ozon Holdings PLC                         | CUSIP: 69269L104<br>LEI: 213800GXSI7E5V776B13 | Long             | EC               | CORP              | RU        |   1051835 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| SK Hynix Inc                   | SK Hynix Inc                              | CUSIP: 000000000<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |    816936 | NS      | $48741711.17  | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| MercadoLibre Inc               | MercadoLibre Inc                          | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | UY        |    123591 | NS      | $104587647.84 | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| BeiGene Ltd                    | BeiGene Ltd                               | CUSIP: 000000000<br>LEI: 549300JFUK6FRD5MH739 | Long             | EC               | CORP              | US        |   1718795 | NS      | $29171686.37  | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Allegro.eu SA                  | Allegro.eu SA                             | CUSIP: 000000000<br>LEI: 222100VRLXV3FPMG4982 | Long             | EC               | CORP              | PL        |   3717023 | NS      | $21453031.10  | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Naspers Ltd                    | Naspers Ltd                               | CUSIP: 000000000<br>LEI: 21380044BQ8812EEKT59 | Long             | EC               | CORP              | ZA        |    556662 | NS      | $93021383.21  | 2.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Piramal Enterprises Ltd        | Piramal Enterprises Ltd                   | CUSIP: 000000000<br>LEI: 335800XG9I3HZ2F1KQ73 | Long             | EC               | CORP              | IN        |   1696175 | NS      | $16937454.98  | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Financiero Banorte SAB d | Grupo Financiero Banorte SAB de CV        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |  11840927 | NS      | $85216514.12  | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleo Brasileiro SA         | Petroleo Brasileiro SA                    | CUSIP: 71654V101<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |   4771042 | NS      | $44322980.18  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Li Ning Co Ltd                 | Li Ning Co Ltd                            | CUSIP: 000000000<br>LEI: 529900T77L2FV3FZ3U81 | Long             | EC               | CORP              | CN        |   4590000 | NS      | $39469433.79  | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Moscow Exchange MICEX-RTS PJSC | Moscow Exchange MICEX-RTS PJSC            | CUSIP: 000000000<br>LEI: 253400M5M1222KPNWE87 | Long             | EC               | CORP              | RU        |  14557370 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| BRILLIANCE CHI                 | Brilliance China Automotive Holdings Ltd  | CUSIP: 000000000<br>LEI: 5299005WPCSQN14NBM26 | Long             | EC               | CORP              | HK        |  35694000 | NS      | $19983829.25  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Credicorp Ltd                  | Credicorp Ltd                             | CUSIP: 000000000<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | PE        |    235376 | NS      | $31931108.16  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd      | Alibaba Group Holding Ltd                 | CUSIP: 000000000<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | CN        |  16088420 | NS      | $176536839.61 | 4.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CATL                           | Contemporary Amperex Technology Co Ltd    | CUSIP: 000000000<br>LEI: 300300KINDY1K0E9I032 | Long             | EC               | CORP              | CN        |    774345 | NS      | $43632679.71  | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Lundin Mining Corp             | Lundin Mining Corp                        | CUSIP: 550372106<br>LEI: 549300FQDIM6C8HTN269 | Long             | EC               | CORP              | CA        |   9496282 | NS      | $58282203.41  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung SDI Co Ltd             | Samsung SDI Co Ltd                        | CUSIP: 000000000<br>LEI: 9884002AESDO4YW87G32 | Long             | EC               | CORP              | KR        |    180153 | NS      | $84589492.29  | 1.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Geely Automobile Holdings Ltd  | Geely Automobile Holdings Ltd             | CUSIP: 000000000<br>LEI: 549300YS3T1KVQ2SNI84 | Long             | EC               | CORP              | HK        |  25595000 | NS      | $36972785.72  | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Rakyat Indonesia Persero  | Bank Rakyat Indonesia Persero Tbk PT      | CUSIP: 000000000<br>LEI: 254900HB6S4B12GBNP64 | Long             | EC               | CORP              | ID        | 325652463 | NS      | $103248199.06 | 2.34%             |  |  |  | No            |                  2 | On Loan: No      |
| NAVER Corp                     | NAVER Corp                                | CUSIP: 000000000<br>LEI: 988400ULUQYDB2HQYJ61 | Long             | EC               | CORP              | KR        |    116275 | NS      | $16536753.44  | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Wal-Mart de Mexico SAB de CV   | Wal-Mart de Mexico SAB de CV              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |  13732540 | NS      | $48541162.10  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Life Insurance Co Ltd     | HDFC Life Insurance Co Ltd                | CUSIP: 000000000<br>LEI: 335800RQI8GAFHIRGZ37 | Long             | EC               | CORP              | IN        |   8501790 | NS      | $58074758.31  | 1.32%             |  |  |  | No            |                  2 | On Loan: No      |
| MediaTek Inc                   | MediaTek Inc                              | CUSIP: 000000000<br>LEI: 254900UEGBK1I4DM4E14 | Long             | EC               | CORP              | TW        |   4255000 | NS      | $86031583.83  | 1.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Magnit PJSC                    | Magnit PJSC                               | CUSIP: 55953Q202<br>LEI: 2534009KKPTVL99W2Y12 | Long             | EC               | CORP              | RU        |         2 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Anker Innovations Technology C | Anker Innovations Technology Co Ltd       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |   2075600 | NS      | $17670102.59  | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| B3 SA - Brasil Bolsa Balcao    | B3 SA - Brasil Bolsa Balcao               | CUSIP: 000000000<br>LEI: 4GTK5S46E6H318LMDS44 | Long             | EC               | CORP              | BR        |  34133800 | NS      | $85287505.62  | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-22

**Name of Applicant:** Baillie Gifford Funds

**Signature:** Lindsay Cockburn

**Name of Signer:** Lindsay Cockburn

**Title:** Treasurer