# EDGAR Filing Document

**Accession Number:** 0001120543
**File Stem:** 0001752724-23-036630
**Filing Date:** 2023-2
**Character Count:** 22091
**Document Hash:** 3937c300944ade68875da74f9147d3cd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-036630.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001752724-23-036630

**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:** 23658198

**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 Growth Fund (Series ID: S000012764)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000034448 | Class 2             | BGETX           |
| C000034449 | Class 3             | BGEUX           |
| C000078439 | Class 4             | BGEFX           |
| C000116267 | Class 5             | BGEVX           |
| C000186030 | Institutional Class | BGESX           |
| C000186031 | Class K             | BGEKX           |

## 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 Growth Fund

- **b. EDGAR series identifier (if any):** S000012764

- **c. LEI of Series:** 213800XFOUSNRSBUMG59

**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:** $2602734200.04

**Total Liabilities:** $7160890.58

**Net Assets:** $2595573309.46

**Cash Not Reported:** $20369942.26

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000186030 | 0.83%                | 18.73%               | -5.57%               |
| Class ID C000034448 | 0.77%                | 18.77%               | -5.53%               |
| Class ID C000078439 | 0.78%                | 18.78%               | -5.52%               |
| Class ID C000116267 | 0.78%                | 18.78%               | -5.51%               |
| Class ID C000186031 | 0.72%                | 18.78%               | -5.53%               |
| Class ID C000034449 | 0.77%                | 18.77%               | -5.52%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-7470920.42             | $25608077.13                               |
| Month 2  | $-24062700.06            | $454658999.00                              |
| Month 3  | $-3668253.58             | $-146691005.01                             |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Zalando SE                     | Zalando SE                                | CUSIP: 000000000<br>LEI: 529900YRFFGH5AXU4S86 | Long             | EC               | CORP              | DE        |   1706691 | NS      | $60083753.86  | 2.31%             |  |  |  | No            |                  2 | On Loan: No      |
| SMC Corp                       | SMC Corp                                  | CUSIP: 000000000<br>LEI: 353800O40V08DOZ70X62 | Long             | EC               | CORP              | JP        |    113500 | NS      | $47392357.76  | 1.83%             |  |  |  | No            |                  2 | On Loan: No      |
| SBI Holdings Inc               | SBI Holdings Inc                          | CUSIP: 000000000<br>LEI: 353800L6LMHYIPSMRQ17 | Long             | EC               | CORP              | JP        |    822200 | NS      | $15665187.03  | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Wise PLC                       | Wise PLC                                  | CUSIP: 000000000<br>LEI: 213800LD9XCHIC1C4V71 | Long             | EC               | CORP              | GB        |   2274512 | NS      | $15409333.30  | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Ganfeng Lithium Group Co Ltd   | Ganfeng Lithium Group Co Ltd              | CUSIP: 000000000<br>LEI: 3003006BE6UOHWEOOR42 | Long             | EC               | CORP              | CN        |   1634000 | NS      | $12113358.06  | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Vestas Wind Systems A/S        | Vestas Wind Systems A/S                   | CUSIP: 000000000<br>LEI: 549300DYMC8BGZZC8844 | Long             | EC               | CORP              | DK        |   1609472 | NS      | $46949364.92  | 1.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Adyen NV                       | Adyen NV                                  | CUSIP: 000000000<br>LEI: 724500973ODKK3IFQ447 | Long             | EC               | CORP              | NL        |     75317 | NS      | $104558815.91 | 4.03%             |  |  |  | No            |                  2 | On Loan: No      |
| GMO Payment Gateway Inc        | GMO Payment Gateway Inc                   | CUSIP: 000000000<br>LEI: 353800Q6U21E2PM83F86 | Long             | EC               | CORP              | JP        |    198300 | NS      | $16399212.79  | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd           | Tencent Holdings Ltd                      | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | CN        |   2513500 | NS      | $106573314.53 | 4.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Sea Ltd                        | Sea Ltd                                   | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | SG        |    295503 | NS      | $15375021.09  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| L'Oreal SA                     | L'Oreal SA                                | CUSIP: 000000000<br>LEI: 529900JI1GG6F7RKVI53 | Long             | EC               | CORP              | FR        |    211258 | NS      | $75651015.79  | 2.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Kering SA                      | Kering SA                                 | CUSIP: 000000000<br>LEI: 549300VGEJKB7SVUZR78 | Long             | EC               | CORP              | FR        |    229579 | NS      | $116839162.61 | 4.50%             |  |  |  | No            |                  2 | On Loan: No      |
| NU Holdings Ltd/Cayman Islands | NU Holdings Ltd/Cayman Islands            | CUSIP: 000000000<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               | CORP              | BR        |   4040618 | NS      | $16445315.26  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                | ASML Holding NV                           | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |    316586 | NS      | $172619184.71 | 6.65%             |  |  |  | No            |                  2 | On Loan: No      |
| AutoStore Holdings Ltd         | AutoStore Holdings Ltd                    | CUSIP: 000000000<br>LEI: 549300KYN3M0LSM5A413 | Long             | EC               | CORP              | NO        |   7788131 | NS      | $14222050.32  | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Schibsted ASA                  | Schibsted ASA                             | CUSIP: 000000000<br>LEI: 5967007LIEEXZXHT0O36 | Long             | EC               | CORP              | NO        |    241038 | NS      | $4570983.68   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Ambu A/S                       | Ambu A/S                                  | CUSIP: 000000000<br>LEI: 5299008W2A69WX355710 | Long             | EC               | CORP              | DK        |   1611983 | NS      | $20702039.72  | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Elastic NV                     | Elastic NV                                | CUSIP: 000000000<br>LEI: 2549003I48WHHH937I59 | Long             | EC               | CORP              | US        |    270419 | NS      | $13926578.50  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Novozymes A/S                  | Novozymes A/S                             | CUSIP: 000000000<br>LEI: 529900T6WNZXD2R3JW38 | Long             | EC               | CORP              | DK        |    384557 | NS      | $19510002.89  | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Temenos AG                     | Temenos AG                                | CUSIP: 000000000<br>LEI: 5067007NW6550481FH64 | Long             | EC               | CORP              | CH        |    297453 | NS      | $16363870.85  | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Mobileye Global Inc            | Mobileye Global Inc                       | CUSIP: 60741F104<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |    348838 | NS      | $12230260.28  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| M3 Inc                         | M3 Inc                                    | CUSIP: 000000000<br>LEI: 3538001UOKRWIODYM055 | Long             | EC               | CORP              | JP        |   2211000 | NS      | $60058113.65  | 2.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Schibsted ASA                  | Schibsted ASA                             | CUSIP: 000000000<br>LEI: 5967007LIEEXZXHT0O36 | Long             | EC               | CORP              | NO        |    288179 | NS      | $5285774.61   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| WiseTech Global Ltd            | WiseTech Global Ltd                       | CUSIP: 000000000<br>LEI: 254900VE3AF301Q85K83 | Long             | EC               | CORP              | AU        |   1307420 | NS      | $44965365.53  | 1.73%             |  |  |  | No            |                  2 | On Loan: No      |
| NIO Inc                        | NIO Inc                                   | CUSIP: 62914V106<br>LEI: 549300JBU4TV5OCKJV96 | Long             | EC               | CORP              | CN        |   3098212 | NS      | $30207567.00  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Delivery Hero SE               | Delivery Hero SE                          | CUSIP: 000000000<br>LEI: 529900C3EX1FZGE48X78 | Long             | EC               | CORP              | DE        |   1342003 | NS      | $64402403.80  | 2.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Adevinta ASA                   | Adevinta ASA                              | CUSIP: 000000000<br>LEI: 529900W8V3YLHRSZH763 | Long             | EC               | CORP              | NO        |    752367 | NS      | $4981965.88   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Oatly Group AB                 | Oatly Group AB                            | CUSIP: 67421J108<br>LEI: 894500CEIOQNBAH10Z10 | Long             | EC               | CORP              | SE        |   2007517 | NS      | $3493079.58   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Housing Development Finance Co | Housing Development Finance Corp Ltd      | CUSIP: 000000000<br>LEI: 335800OX2H9AP7NHLT64 | Long             | EC               | CORP              | IN        |    522919 | NS      | $16624099.33  | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Ferrari NV                     | Ferrari NV                                | CUSIP: 000000000<br>LEI: 549300RIVY5EX8RCON76 | Long             | EC               | CORP              | IT        |    598574 | NS      | $128357401.67 | 4.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Sartorius AG                   | Sartorius AG                              | CUSIP: 000000000<br>LEI: 529900EQV2DY4FOAMU38 | Long             | EP               | CORP              | DE        |    146741 | NS      | $57944501.17  | 2.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Kinnevik AB                    | Kinnevik AB                               | CUSIP: 000000000<br>LEI: 2138006PZH76JOS6MN27 | Long             | EC               | CORP              | SE        |   1897274 | NS      | $26114404.72  | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Wuxi Biologics Cayman Inc      | Wuxi Biologics Cayman Inc                 | CUSIP: 000000000<br>LEI: 5493001TD2TH6VDTJU11 | Long             | EC               | CORP              | CN        |   3652500 | NS      | $27663709.64  | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Ocado Group PLC                | Ocado Group PLC                           | CUSIP: 000000000<br>LEI: 213800LO8F61YB8MBC74 | Long             | EC               | CORP              | GB        |   5417410 | NS      | $40213546.58  | 1.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Prysmian SpA                   | Prysmian SpA                              | CUSIP: 000000000<br>LEI: 529900X0H1IO3RS1A464 | Long             | EC               | CORP              | IT        |    343228 | NS      | $12752818.75  | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| HelloFresh SE                  | HelloFresh SE                             | CUSIP: 000000000<br>LEI: 391200ZAF4V6XD2M9G57 | Long             | EC               | CORP              | DE        |   1110944 | NS      | $24246192.72  | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| MercadoLibre Inc               | MercadoLibre Inc                          | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | UY        |    145742 | NS      | $123332710.08 | 4.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Coupang Inc                    | Coupang Inc                               | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | KR        |   1537346 | NS      | $22614359.66  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| AIXTRON SE                     | AIXTRON SE                                | CUSIP: 000000000<br>LEI: 5299004UJ4D51M25LD67 | Long             | EC               | CORP              | DE        |   1179242 | NS      | $33930634.53  | 1.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Spotify Technology SA          | Spotify Technology SA                     | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | SE        |    948768 | NS      | $74905233.60  | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                           | Taiwan Semiconductor Manufacturing Co Ltd | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |   4814000 | NS      | $69915952.29  | 2.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Atlas Copco AB                 | Atlas Copco AB                            | CUSIP: 000000000<br>LEI: 213800T8PC8Q4FYJZR07 | Long             | EC               | CORP              | SE        |   6157135 | NS      | $72952189.05  | 2.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Nidec Corp                     | Nidec Corp                                | CUSIP: 000000000<br>LEI: 353800IF171MZTNL6Y31 | Long             | EC               | CORP              | JP        |    924600 | NS      | $47579129.92  | 1.83%             |  |  |  | No            |                  2 | On Loan: No      |
| HKEX                           | Hong Kong Exchanges & Clearing Ltd        | CUSIP: 000000000<br>LEI: 213800YTVSXYQN17BW16 | Long             | EC               | CORP              | HK        |    657501 | NS      | $28252986.23  | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Pinduoduo Inc                  | Pinduoduo Inc                             | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | CN        |    280511 | NS      | $22875672.05  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Argenx SE                      | Argenx SE                                 | CUSIP: 000000000<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               | CORP              | NL        |    243868 | NS      | $91549526.17  | 3.53%             |  |  |  | No            |                  2 | On Loan: No      |
| CyberAgent Inc                 | CyberAgent Inc                            | CUSIP: 000000000<br>LEI: 3538006T5KZABPGS8Q08 | Long             | EC               | CORP              | JP        |   1328800 | NS      | $11830020.09  | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Umicore SA                     | Umicore SA                                | CUSIP: 000000000<br>LEI: 529900F3AIQECS8ZSV61 | Long             | EC               | CORP              | BE        |   1451150 | NS      | $53373004.08  | 2.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Genmab A/S                     | Genmab A/S                                | CUSIP: 000000000<br>LEI: 529900MTJPDPE4MHJ122 | Long             | EC               | CORP              | DK        |    289121 | NS      | $122238851.52 | 4.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Wix.com Ltd                    | Wix.com Ltd                               | CUSIP: 000000000<br>LEI: 5493008P6N29Q1AG9464 | Long             | EC               | CORP              | IL        |    625756 | NS      | $48076833.48  | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd      | Alibaba Group Holding Ltd                 | CUSIP: 000000000<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | CN        |   3425908 | NS      | $37592191.85  | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| AIA Group Ltd                  | AIA Group Ltd                             | CUSIP: 000000000<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |   6711200 | NS      | $74114409.74  | 2.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Meituan                        | Meituan                                   | CUSIP: 000000000<br>LEI: 21380033K525E5JLIA77 | Long             | EC               | CORP              | CN        |   5291900 | NS      | $117246464.39 | 4.52%             |  |  |  | No            |                  2 | On Loan: No      |
| EXOR NV                        | EXOR NV                                   | CUSIP: 000000000<br>LEI: 5493002ENHZ6NYET7405 | Long             | EC               | CORP              | NL        |    572247 | NS      | $41896686.29  | 1.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Xero Ltd                       | Xero Ltd                                  | CUSIP: 000000000<br>LEI: 254900UG5D8YST164N14 | Long             | EC               | CORP              | NZ        |    284357 | NS      | $13559240.19  | 0.52%             |  |  |  | No            |                  2 | 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