# EDGAR Filing Document

**Accession Number:** 0001120543
**File Stem:** 0001752724-25-205088
**Filing Date:** 2025-8
**Character Count:** 30454
**Document Hash:** a3e062bb3dc0681a46e51bf5e703b241
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-205088.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001752724-25-205088

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BAILLIE GIFFORD FUNDS
- **CENTRAL INDEX KEY:** 0001120543

**ORGANIZATION NAME:**
- **EIN:** 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:** 251255617

**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 International All Cap Fund (Series ID: S000038499)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000118798 | Class 2      | BGICF2          |
| C000118799 | Class 3      | BGICF3          |

## 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 International All Cap Fund

- **b. EDGAR series identifier (if any):** S000038499

- **c. LEI of Series:** 213800JUHWSAN7LD3V90

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**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:** $306288807.69

**Total Liabilities:** $494429.52

**Net Assets:** $305794378.17

**Cash Not Reported:** $3776211.51

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000118799 | 3.19%                | 3.77%                | 2.91%                |
| Class ID C000118798 | 3.19%                | 3.76%                | 2.91%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $315718.82               | $7954486.53                                |
| Month 2  | $1366759.06              | $9013723.88                                |
| Month 3  | $1157953.00              | $7032016.14                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Intertek Group PLC             | Intertek Group PLC                        | CUSIP: 000000000<br>LEI: 2138003GAT25WW1RN369 | Long             | EC               | CORP              | GB        |     38303 | NS      | $2495002.87   | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Silergy Corp                   | Silergy Corp                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    137000 | NS      | $1668829.13   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| HKEX                           | Hong Kong Exchanges & Clearing Ltd        | CUSIP: 000000000<br>LEI: 213800YTVSXYQN17BW16 | Long             | EC               | CORP              | HK        |     74700 | NS      | $4017856.82   | 1.31%             |  |  |  | No            |                  2 | On Loan: No      |
| TSMC                           | Taiwan Semiconductor Manufacturing Co Ltd | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    494000 | NS      | $18065260.93  | 5.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Atlas Copco AB                 | Atlas Copco AB                            | CUSIP: 000000000<br>LEI: 213800T8PC8Q4FYJZR07 | Long             | EC               | CORP              | SE        |     64753 | NS      | $1046797.59   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd           | Tencent Holdings Ltd                      | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | CN        |    111100 | NS      | $7158796.70   | 2.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Rightmove PLC                  | Rightmove PLC                             | CUSIP: 000000000<br>LEI: 2138001JXGCFKBXYB828 | Long             | EC               | CORP              | GB        |    368907 | NS      | $3992836.18   | 1.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Midea Group Co Ltd             | Midea Group Co Ltd                        | CUSIP: 000000000<br>LEI: 3003003TRPHLHZD2IF61 | Long             | EC               | CORP              | CN        |    169500 | NS      | $1710285.44   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| CTI                            | Centre Testing International Group Co Ltd | CUSIP: 000000000<br>LEI: 8368009FQ1ZOBVGD5Y61 | Long             | EC               | CORP              | CN        |    790100 | NS      | $1291360.88   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| CATL                           | Contemporary Amperex Technology Co Ltd    | CUSIP: 000000000<br>LEI: 300300KINDY1K0E9I032 | Long             | EC               | CORP              | CN        |     78939 | NS      | $2785603.57   | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Assa Abloy AB                  | Assa Abloy AB                             | CUSIP: 000000000<br>LEI: 549300YECS8HKCIMMB67 | Long             | EC               | CORP              | SE        |    147182 | NS      | $4601445.86   | 1.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Spotify Technology SA          | Spotify Technology SA                     | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | SE        |      4862 | NS      | $3730807.08   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Remy Cointreau SA              | Remy Cointreau SA                         | CUSIP: 000000000<br>LEI: 5493004V6A3Z027YT216 | Long             | EC               | CORP              | FR        |     25298 | NS      | $1293081.25   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Keyence Corp                   | Keyence Corp                              | CUSIP: 000000000<br>LEI: 529900M7PQBS7A89DZ11 | Long             | EC               | CORP              | JP        |      7500 | NS      | $2998712.20   | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco de Chile                 | Banco de Chile                            | CUSIP: 059520106<br>LEI: 8B4EZFY8IHJC44TT2K84 | Long             | EC               | CORP              | CL        |    133224 | NS      | $4052674.08   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Unilever PLC                   | Unilever PLC                              | CUSIP: 000000000<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |     82409 | NS      | $5029113.00   | 1.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Weir Group PLC/The             | Weir Group PLC/The                        | CUSIP: 000000000<br>LEI: 549300KDR56WHY9I3D10 | Long             | EC               | CORP              | GB        |    111954 | NS      | $3828794.10   | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Investor AB                    | Investor AB                               | CUSIP: 000000000<br>LEI: 549300VEBQPHRZBKUX38 | Long             | EC               | CORP              | SE        |    181824 | NS      | $5388060.98   | 1.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Alimentation Couche-Tard Inc   | Alimentation Couche-Tard Inc              | CUSIP: 01626P148<br>LEI: 549300OSW32RVX8CCZ87 | Long             | EC               | CORP              | CA        |     39629 | NS      | $1969882.14   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Li Ning Co Ltd                 | Li Ning Co Ltd                            | CUSIP: 000000000<br>LEI: 529900T77L2FV3FZ3U81 | Long             | EC               | CORP              | CN        |    559000 | NS      | $1211445.67   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd      | Alibaba Group Holding Ltd                 | CUSIP: 000000000<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | CN        |    234356 | NS      | $3317531.71   | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Bunzl PLC                      | Bunzl PLC                                 | CUSIP: 000000000<br>LEI: 213800Q1Q9DV4L78UM09 | Long             | EC               | CORP              | GB        |    129876 | NS      | $4138692.05   | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Recruit Holdings Co Ltd        | Recruit Holdings Co Ltd                   | CUSIP: 000000000<br>LEI: 353800R2LRSMVVC4I806 | Long             | EC               | CORP              | JP        |     60300 | NS      | $3546040.33   | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie Financiere Richemont SA    | Cie Financiere Richemont SA               | CUSIP: 000000000<br>LEI: 549300YIPGJ6UX2QPS51 | Long             | EC               | CORP              | CH        |     16794 | NS      | $3177976.93   | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Softcat PLC                    | Softcat PLC                               | CUSIP: 000000000<br>LEI: 213800N42YZLR9GLVC42 | Long             | EC               | CORP              | GB        |    135631 | NS      | $3196391.81   | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Sysmex Corp                    | Sysmex Corp                               | CUSIP: 000000000<br>LEI: 5299001ZO4CKWACMZI55 | Long             | EC               | CORP              | JP        |    145300 | NS      | $2529268.59   | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG               | Roche Holding AG                          | CUSIP: 000000000<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |     15768 | NS      | $5146988.79   | 1.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Shimano Inc                    | Shimano Inc                               | CUSIP: 000000000<br>LEI: 529900L32YT3P9DECR10 | Long             | EC               | CORP              | JP        |     21800 | NS      | $3160573.74   | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Greggs PLC                     | Greggs PLC                                | CUSIP: 000000000<br>LEI: 213800I71QMUFJ64IW20 | Long             | EC               | CORP              | GB        |     80269 | NS      | $2116619.25   | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Anheuser-Busch InBev SA/NV     | Anheuser-Busch InBev SA/NV                | CUSIP: 000000000<br>LEI: 5493008H3828EMEXB082 | Long             | EC               | CORP              | BE        |     69382 | NS      | $4773507.85   | 1.56%             |  |  |  | No            |                  2 | On Loan: No      |
| United Overseas Bank Ltd       | United Overseas Bank Ltd                  | CUSIP: 000000000<br>LEI: IO66REGK3RCBAMA8HR66 | Long             | EC               | CORP              | SG        |    347999 | NS      | $9849664.62   | 3.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Olympus Corp                   | Olympus Corp                              | CUSIP: 000000000<br>LEI: 5299000Y52IFDI1I2A21 | Long             | EC               | CORP              | JP        |    223100 | NS      | $2650053.88   | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Spirax Group PLC               | Spirax Group PLC                          | CUSIP: 000000000<br>LEI: 213800WFVZQMHOZP2W17 | Long             | EC               | CORP              | GB        |     26098 | NS      | $2134091.89   | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Wise PLC                       | Wise PLC                                  | CUSIP: 000000000<br>LEI: 213800LD9XCHIC1C4V71 | Long             | EC               | CORP              | GB        |    176195 | NS      | $2517014.94   | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Kweichow Moutai Co Ltd         | Kweichow Moutai Co Ltd                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      5500 | NS      | $1083760.27   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Auto Trader Group PLC          | Auto Trader Group PLC                     | CUSIP: 000000000<br>LEI: 213800QLK9BZILB1DI86 | Long             | EC               | CORP              | GB        |    341579 | NS      | $3868995.72   | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd     | Samsung Electronics Co Ltd                | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |     87725 | NS      | $3879341.74   | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| MercadoLibre Inc               | MercadoLibre Inc                          | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | UY        |      1711 | NS      | $4471920.93   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                    | Shopify Inc                               | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |     36014 | NS      | $4154214.90   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlas Copco AB                 | Atlas Copco AB                            | CUSIP: 000000000<br>LEI: 213800T8PC8Q4FYJZR07 | Long             | EC               | CORP              | SE        |    323619 | NS      | $4605935.73   | 1.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Pacific Kansas City L | Canadian Pacific Kansas City Ltd          | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     38863 | NS      | $3087350.35   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosus NV                      | Prosus NV                                 | CUSIP: 000000000<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | EC               | CORP              | NL        |     54246 | NS      | $3043553.49   | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Partners Group Holding AG      | Partners Group Holding AG                 | CUSIP: 000000000<br>LEI: 549300I3IVVWZWDHI788 | Long             | EC               | CORP              | CH        |      2727 | NS      | $3567805.97   | 1.17%             |  |  |  | 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        |    846264 | NS      | $2799758.54   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| B3 SA - Brasil Bolsa Balcao    | B3 SA - Brasil Bolsa Balcao               | CUSIP: 000000000<br>LEI: 4GTK5S46E6H318LMDS44 | Long             | EC               | CORP              | BR        |   1099000 | NS      | $2941131.21   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashtead Group PLC              | Ashtead Group PLC                         | CUSIP: 000000000<br>LEI: 2138007UTBN8X9K1A235 | Long             | EC               | CORP              | GB        |     47333 | NS      | $3035279.05   | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Sika AG                        | Sika AG                                   | CUSIP: 000000000<br>LEI: 549300R3N69ECGYPU434 | Long             | EC               | CORP              | CH        |      7672 | NS      | $2087428.12   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Air Liquide SA                 | Air Liquide SA                            | CUSIP: 000000000<br>LEI: 969500MMPQVHK671GT54 | Long             | EC               | CORP              | FR        |     22437 | NS      | $4626534.80   | 1.51%             |  |  |  | No            |                  2 | On Loan: No      |
| MakeMyTrip Ltd                 | MakeMyTrip Ltd                            | CUSIP: 000000000<br>LEI: 529900DNT8HNJ7RYUO60 | Long             | EC               | CORP              | IN        |     33349 | NS      | $3268868.98   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Topicus.com Inc                | Topicus.com Inc                           | CUSIP: 89072T102<br>LEI: N/A                  | Long             | EC               | CORP              | NL        |     38605 | NS      | $4836716.76   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Paint Holdings Co Ltd   | Nippon Paint Holdings Co Ltd              | CUSIP: 000000000<br>LEI: 529900RYRJUN78A7PL87 | Long             | EC               | CORP              | JP        |    415600 | NS      | $3342365.32   | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| TotalEnergies SE               | TotalEnergies SE                          | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |     85805 | NS      | $5244629.88   | 1.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Epiroc AB                      | Epiroc AB                                 | CUSIP: 000000000<br>LEI: 5493004Q73OEYW1SPE91 | Long             | EC               | CORP              | SE        |    185511 | NS      | $3556717.98   | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| SOITEC                         | SOITEC                                    | CUSIP: 000000000<br>LEI: 969500ZR92SQCU9TST26 | Long             | EC               | CORP              | FR        |     15953 | NS      | $879677.86    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS Group AG                   | UBS Group AG                              | CUSIP: 000000000<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EC               | CORP              | CH        |    112026 | NS      | $3803481.00   | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Nemetschek SE                  | Nemetschek SE                             | CUSIP: 000000000<br>LEI: 529900R0S2IX1S358J38 | Long             | EC               | CORP              | DE        |     24615 | NS      | $3568998.31   | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Experian PLC                   | Experian PLC                              | CUSIP: 000000000<br>LEI: 635400RXXHHYT1JTSZ26 | Long             | EC               | CORP              | IE        |     96335 | NS      | $4967635.41   | 1.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Trainline PLC                  | Trainline PLC                             | CUSIP: 000000000<br>LEI: 213800HO26VXTFJ4MO71 | Long             | EC               | CORP              | GB        |    353449 | NS      | $1357631.58   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| EXOR NV                        | EXOR NV                                   | CUSIP: 000000000<br>LEI: 5493002ENHZ6NYET7405 | Long             | EC               | CORP              | NL        |     37512 | NS      | $3786743.71   | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Ryanair Holdings PLC           | Ryanair Holdings PLC                      | CUSIP: 783513203<br>LEI: 635400BR2ROC1FVEBQ56 | Long             | EC               | CORP              | IE        |     78119 | NS      | $4505122.73   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Chugai Pharmaceutical Co Ltd   | Chugai Pharmaceutical Co Ltd              | CUSIP: 000000000<br>LEI: 529900T9LAII161DCN95 | Long             | EC               | CORP              | JP        |     45300 | NS      | $2365467.48   | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd                  | HDFC Bank Ltd                             | CUSIP: 000000000<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |    232905 | NS      | $5437274.92   | 1.78%             |  |  |  | No            |                  2 | On Loan: No      |
| BHP Group Ltd                  | BHP Group Ltd                             | CUSIP: 000000000<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |    105363 | NS      | $2534780.61   | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Fomento Economico Mexicano SAB | Fomento Economico Mexicano SAB de CV      | CUSIP: 344419106<br>LEI: 549300A8MDWDJNMLV153 | Long             | EC               | CORP              | MX        |     24537 | NS      | $2526820.26   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| AIA Group Ltd                  | AIA Group Ltd                             | CUSIP: 000000000<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |    424800 | NS      | $3848026.88   | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Jeronimo Martins SGPS SA       | Jeronimo Martins SGPS SA                  | CUSIP: 000000000<br>LEI: 259400A8SZP10GB5IB19 | Long             | EC               | CORP              | PT        |    165142 | NS      | $4181046.05   | 1.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Yifeng Pharmacy Chain Co Ltd   | Yifeng Pharmacy Chain Co Ltd              | CUSIP: 000000000<br>LEI: 300300CZZIF44N1EZO06 | Long             | EC               | CORP              | CN        |    398300 | NS      | $1362663.19   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| SMC Corp                       | SMC Corp                                  | CUSIP: 000000000<br>LEI: 353800O40V08DOZ70X62 | Long             | EC               | CORP              | JP        |      5000 | NS      | $1791812.13   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Skandinaviska Enskilda Banken  | Skandinaviska Enskilda Banken AB          | CUSIP: 000000000<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | EC               | CORP              | SE        |    271365 | NS      | $4730037.17   | 1.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Games Workshop Group PLC       | Games Workshop Group PLC                  | CUSIP: 000000000<br>LEI: 213800RP9QJQYGWHNT41 | Long             | EC               | CORP              | GB        |     16259 | NS      | $3618974.89   | 1.18%             |  |  |  | No            |                  2 | On Loan: No      |
| IMCD NV                        | IMCD NV                                   | CUSIP: 000000000<br>LEI: 724500NSJPNFJPDAUP02 | Long             | EC               | CORP              | NL        |     22724 | NS      | $3056272.75   | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Lonza Group AG                 | Lonza Group AG                            | CUSIP: 000000000<br>LEI: 549300EFW4H2TCZ71055 | Long             | EC               | CORP              | CH        |      6599 | NS      | $4719363.69   | 1.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Chroma ATE Inc                 | Chroma ATE Inc                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    143000 | NS      | $2165143.25   | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Adyen NV                       | Adyen NV                                  | CUSIP: 000000000<br>LEI: 724500973ODKK3IFQ447 | Long             | EC               | CORP              | NL        |      2460 | NS      | $4517881.74   | 1.48%             |  |  |  | No            |                  2 | On Loan: No      |
| ASML Holding NV                | ASML Holding NV                           | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      9650 | NS      | $7732900.46   | 2.53%             |  |  |  | No            |                  2 | On Loan: No      |
| DSV A/S                        | DSV A/S                                   | CUSIP: 000000000<br>LEI: 529900X41C0BSLK67H70 | Long             | EC               | CORP              | DK        |     18619 | NS      | $4465848.03   | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Raia Drogasil SA               | Raia Drogasil SA                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    839580 | NS      | $2341138.02   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Unicharm Corp                  | Unicharm Corp                             | CUSIP: 000000000<br>LEI: 353800UQ4BZIJTAQEG85 | Long             | EC               | CORP              | JP        |    289200 | NS      | $2088252.16   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitt | LVMH Moet Hennessy Louis Vuitton SE       | CUSIP: 000000000<br>LEI: IOG4E947OATN0KJYSD45 | Long             | EC               | CORP              | FR        |      7436 | NS      | $3891853.52   | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyo Electron Ltd             | Tokyo Electron Ltd                        | CUSIP: 000000000<br>LEI: 549300H5LSF8DP3RIJ34 | Long             | EC               | CORP              | JP        |     19300 | NS      | $3696132.65   | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Techtronic Industries Co Ltd   | Techtronic Industries Co Ltd              | CUSIP: 000000000<br>LEI: 549300HZW2SBE758OK89 | Long             | EC               | CORP              | HK        |    343500 | NS      | $3790171.50   | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Shiseido Co Ltd                | Shiseido Co Ltd                           | CUSIP: 000000000<br>LEI: 5299008QCD0YDT5OF506 | Long             | EC               | CORP              | JP        |    122700 | NS      | $2191502.12   | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Cosmos Pharmaceutical Corp     | Cosmos Pharmaceutical Corp                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     55700 | NS      | $3534975.64   | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-25

**Name of Applicant:** Baillie Gifford Funds

**Signature:** Lindsay Cockburn

**Name of Signer:** Lindsay Cockburn

**Title:** Treasurer