# EDGAR Filing Document

**Accession Number:** 0001120543
**File Stem:** 0001752724-23-036632
**Filing Date:** 2023-2
**Character Count:** 20856
**Document Hash:** bdccf126b07312d0160f736dbf80fdc7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-036632.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001752724-23-036632

**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:** 23658196

**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 ex China Fund (Series ID: S000074798)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000233007 | Class K             | BGEZX           |
| C000233008 | Institutional Class | BGEWX           |

## 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 Ex China Fund

- **b. EDGAR series identifier (if any):** S000074798

- **c. LEI of Series:** 213800OAVX3D86UGW321

**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:** $794081.89

**Total Liabilities:** $43759.43

**Net Assets:** $750322.46

**Cash Not Reported:** $38182.38

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000233007 | 5.61%                | 12.99%               | -7.19%               |
| Class ID C000233008 | 5.61%                | 12.99%               | -7.19%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $37533.17                                  |
| Month 2  | $0.00                    | $88639.46                                  |
| Month 3  | $0.00                    | $-59724.07                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| LG Chem Ltd                    | LG Chem Ltd                               | CUSIP: 000000000<br>LEI: 988400IES4EIG7O06940 | Long             | EC               | CORP              | KR        |        31 | NS      | $14803.41     | 1.97%             |  |  |  | No            |                  2 | On Loan: No      |
| FirstRand Ltd                  | FirstRand Ltd                             | CUSIP: 000000000<br>LEI: 529900XYOP8CUZU7R671 | Long             | EC               | CORP              | ZA        |      1356 | NS      | $4926.47      | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Sberbank of Russia PJSC        | Sberbank of Russia PJSC                   | CUSIP: 000000000<br>LEI: 549300WE6TAF5EEWQS81 | Long             | EC               | CORP              | RU        |      5512 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Doosan Bobcat Inc              | Doosan Bobcat Inc                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |       165 | NS      | $4514.61      | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Sea Ltd                        | Sea Ltd                                   | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | SG        |       115 | NS      | $5983.45      | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| First Quantum Minerals Ltd     | First Quantum Minerals Ltd                | CUSIP: 335934105<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | EC               | CORP              | CA        |       983 | NS      | $20538.46     | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co Ltd     | Samsung Electronics Co Ltd                | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EP               | CORP              | KR        |       327 | NS      | $13103.99     | 1.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Motor Co               | Hyundai Motor Co                          | CUSIP: 000000000<br>LEI: 9884004RQX8PRBXQ8S60 | Long             | EC               | CORP              | KR        |       109 | NS      | $13045.34     | 1.74%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd                  | HDFC Bank Ltd                             | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |       707 | NS      | $48365.87     | 6.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanon Systems                  | Hanon Systems                             | CUSIP: 000000000<br>LEI: 5493004WIDNO4WOEYG91 | Long             | EC               | CORP              | KR        |       489 | NS      | $3140.05      | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Bradesco SA              | Banco Bradesco SA                         | CUSIP: 059460303<br>LEI: 549300CTUU1RFXHQJE44 | Long             | EC               | CORP              | BR        |      2839 | NS      | $8176.32      | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Ozon Holdings PLC              | Ozon Holdings PLC                         | CUSIP: 69269L104<br>LEI: 213800GXSI7E5V776B13 | Long             | EC               | CORP              | RU        |       142 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| KGHM Polska Miedz SA           | KGHM Polska Miedz SA                      | CUSIP: 000000000<br>LEI: G30CO71KTT9JDYJESN22 | Long             | EC               | CORP              | PL        |       224 | NS      | $6515.62      | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Raizen SA                      | Raizen SA                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BR        |      4500 | NS      | $3177.74      | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Mandiri Persero Tbk PT    | Bank Mandiri Persero Tbk PT               | CUSIP: 000000000<br>LEI: 549300RSKQN4Z5ZSGH94 | Long             | EC               | CORP              | ID        |     13600 | NS      | $8672.65      | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Tadawul Group Holding Co | Saudi Tadawul Group Holding Co            | CUSIP: 000000000<br>LEI: 894500BXFAWZK686TP37 | Long             | EC               | CORP              | SA        |       118 | NS      | $5713.79      | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| MMC Norilsk Nickel PJSC        | MMC Norilsk Nickel PJSC                   | CUSIP: 000000000<br>LEI: 253400JPTEEW143W3E47 | Long             | EC               | CORP              | RU        |        94 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| B3 SA - Brasil Bolsa Balcao    | B3 SA - Brasil Bolsa Balcao               | CUSIP: 000000000<br>LEI: 4GTK5S46E6H318LMDS44 | Long             | EC               | CORP              | BR        |      6200 | NS      | $15491.46     | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Rakyat Indonesia Persero  | Bank Rakyat Indonesia Persero Tbk PT      | CUSIP: 000000000<br>LEI: 254900HB6S4B12GBNP64 | Long             | EC               | CORP              | ID        |     53700 | NS      | $17025.60     | 2.27%             |  |  |  | No            |                  2 | On Loan: No      |
| NAVER Corp                     | NAVER Corp                                | CUSIP: 000000000<br>LEI: 988400ULUQYDB2HQYJ61 | Long             | EC               | CORP              | KR        |        42 | NS      | $5973.28      | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Koh Young Technology Inc       | Koh Young Technology Inc                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |       542 | NS      | $5498.46      | 0.73%             |  |  |  | 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        |      3014 | NS      | $21691.09     | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| SK Hynix Inc                   | SK Hynix Inc                              | CUSIP: 000000000<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |       204 | NS      | $12171.47     | 1.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Reliance Industries Ltd        | Reliance Industries Ltd                   | CUSIP: 759470107<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               | CORP              | IN        |       874 | NS      | $53614.51     | 7.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Cemex SAB de CV                | Cemex SAB de CV                           | CUSIP: 151290889<br>LEI: 549300RIG2CXWN6IV731 | Long             | EC               | CORP              | MX        |      2100 | NS      | $8505.00      | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleo Brasileiro SA         | Petroleo Brasileiro SA                    | CUSIP: 71654V408<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |      2762 | NS      | $29415.30     | 3.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Advantech Co Ltd               | Advantech Co Ltd                          | CUSIP: 000000000<br>LEI: 2549002OSTKE9HB9IY03 | Long             | EC               | CORP              | TW        |      1000 | NS      | $10707.44     | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Merida Industry Co Ltd         | Merida Industry Co Ltd                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      1000 | NS      | $5419.51      | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| MercadoLibre Inc               | MercadoLibre Inc                          | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | UY        |        30 | NS      | $25387.20     | 3.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnit PJSC                    | Magnit PJSC                               | CUSIP: 000000000<br>LEI: 2534009KKPTVL99W2Y12 | Long             | EC               | CORP              | RU        |        87 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Naspers Ltd                    | Naspers Ltd                               | CUSIP: 000000000<br>LEI: 21380044BQ8812EEKT59 | Long             | EC               | CORP              | ZA        |       130 | NS      | $21723.74     | 2.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd     | Samsung Electronics Co Ltd                | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |       976 | NS      | $42839.81     | 5.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Ivanhoe Mines Ltd              | Ivanhoe Mines Ltd                         | CUSIP: 46579R104<br>LEI: 5299006XZISURYIA4G32 | Long             | EC               | CORP              | CA        |      1400 | NS      | $11063.52     | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Vale Indonesia Tbk PT          | Vale Indonesia Tbk PT                     | CUSIP: 000000000<br>LEI: 5299002HHYBH7C6WBQ62 | Long             | EC               | CORP              | ID        |     13100 | NS      | $5959.06      | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| MediaTek Inc                   | MediaTek Inc                              | CUSIP: 000000000<br>LEI: 254900UEGBK1I4DM4E14 | Long             | EC               | CORP              | TW        |      1000 | NS      | $20218.94     | 2.69%             |  |  |  | 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        |      4493 | NS      | $15881.65     | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Credicorp Ltd                  | Credicorp Ltd                             | CUSIP: 000000000<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | PE        |        81 | NS      | $10988.46     | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleo Brasileiro SA         | Petroleo Brasileiro SA                    | CUSIP: 71654V101<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |       642 | NS      | $5964.18      | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| NU Holdings Ltd/Cayman Islands | NU Holdings Ltd/Cayman Islands            | CUSIP: 000000000<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               | CORP              | BR        |       757 | NS      | $3080.99      | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Moscow Exchange MICEX-RTS PJSC | Moscow Exchange MICEX-RTS PJSC            | CUSIP: 000000000<br>LEI: 253400M5M1222KPNWE87 | Long             | EC               | CORP              | RU        |      2760 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| PTT Exploration & Production P | PTT Exploration & Production PCL          | CUSIP: 000000000<br>LEI: 2549001O8YYGP5N7Q076 | Long             | EC               | CORP              | TH        |      3100 | NS      | $15787.11     | 2.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Infosys Ltd                    | Infosys Ltd                               | CUSIP: 456788108<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |      1244 | NS      | $22404.44     | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Coupang Inc                    | Coupang Inc                               | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | KR        |       435 | NS      | $6398.85      | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI Bank Ltd                 | ICICI Bank Ltd                            | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |      1232 | NS      | $26968.48     | 3.59%             |  |  |  | No            |                  1 | On Loan: No      |
| NCSoft Corp                    | NCSoft Corp                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |        12 | NS      | $4286.69      | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung SDI Co Ltd             | Samsung SDI Co Ltd                        | CUSIP: 000000000<br>LEI: 9884002AESDO4YW87G32 | Long             | EC               | CORP              | KR        |        45 | NS      | $21129.41     | 2.82%             |  |  |  | No            |                  2 | On Loan: No      |
| TSMC                           | Taiwan Semiconductor Manufacturing Co Ltd | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |      6000 | NS      | $87140.78     | 11.61%            |  |  |  | No            |                  2 | On Loan: No      |
| MMC Norilsk Nickel PJSC        | MMC Norilsk Nickel PJSC                   | CUSIP: 55315J102<br>LEI: 253400JPTEEW143W3E47 | Long             | EC               | CORP              | RU        |         6 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Dlocal Ltd/Uruguay             | Dlocal Ltd/Uruguay                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | UY        |       142 | NS      | $2210.94      | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Lundin Mining Corp             | Lundin Mining Corp                        | CUSIP: 550372106<br>LEI: 549300FQDIM6C8HTN269 | Long             | EC               | CORP              | CA        |      1561 | NS      | $9580.44      | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegro.eu SA                  | Allegro.eu SA                             | CUSIP: 000000000<br>LEI: 222100VRLXV3FPMG4982 | Long             | EC               | CORP              | PL        |       892 | NS      | $5148.23      | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Vale SA                        | Vale SA                                   | CUSIP: 91912E105<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |       647 | NS      | $10979.59     | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Copa Holdings SA               | Copa Holdings SA                          | CUSIP: 000000000<br>LEI: 529900BB9UQJV6QQHA59 | Long             | EC               | CORP              | PA        |       106 | NS      | $8816.02      | 1.17%             |  |  |  | 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