# EDGAR Filing Document

**Accession Number:** 0001120543
**File Stem:** 0001752724-23-036647
**Filing Date:** 2023-2
**Character Count:** 30897
**Document Hash:** 3cd7d221d6c9178be524983129273b43
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-036647.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001752724-23-036647

**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:** 23658208

**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          |
| C000118801 | Class 5      | BGICF5          |

## 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:** 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:** $315752518.50

**Total Liabilities:** $513322.29

**Net Assets:** $315239196.21

**Cash Not Reported:** $3972612.87

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000118799 | 1.81%                | 16.73%               | -3.92%               |
| Class ID C000118801 | 1.82%                | 16.74%               | -3.91%               |
| Class ID C000118798 | 1.80%                | 16.73%               | -3.92%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1129961.59              | $3796228.40                                |
| Month 2  | $3344685.41              | $43824711.64                               |
| Month 3  | $1007411.18              | $-14063251.38                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Alibaba Group Holding Ltd      | Alibaba Group Holding Ltd                 | CUSIP: 000000000<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | CN        |    406856 | NS      | $4464395.66   | 1.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Spotify Technology SA          | Spotify Technology SA                     | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | SE        |     22788 | NS      | $1799112.60   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Pigeon Corp                    | Pigeon Corp                               | CUSIP: 000000000<br>LEI: 2549006T3HT0TI9IRV62 | Long             | EC               | CORP              | JP        |    100400 | NS      | $1645441.30   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Shiseido Co Ltd                | Shiseido Co Ltd                           | CUSIP: 000000000<br>LEI: 5299008QCD0YDT5OF506 | Long             | EC               | CORP              | JP        |    163700 | NS      | $8023547.21   | 2.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Suzuki Motor Corp              | Suzuki Motor Corp                         | CUSIP: 000000000<br>LEI: 353800D83H0V3ZV1SV24 | Long             | EC               | CORP              | JP        |     84500 | NS      | $2706310.94   | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| MercadoLibre Inc               | MercadoLibre Inc                          | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | UY        |      5548 | NS      | $4694939.52   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Techtronic Industries Co Ltd   | Techtronic Industries Co Ltd              | CUSIP: 000000000<br>LEI: 549300HZW2SBE758OK89 | Long             | EC               | CORP              | HK        |    472000 | NS      | $5242430.76   | 1.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Adyen NV                       | Adyen NV                                  | CUSIP: 000000000<br>LEI: 724500973ODKK3IFQ447 | Long             | EC               | CORP              | NL        |      3316 | NS      | $4603436.59   | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Auto1 Group SE                 | Auto1 Group SE                            | CUSIP: 000000000<br>LEI: 391200S2LPXG5ZD5G304 | Long             | EC               | CORP              | DE        |    173896 | NS      | $1444732.08   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Trainline PLC                  | Trainline PLC                             | CUSIP: 000000000<br>LEI: 213800HO26VXTFJ4MO71 | Long             | EC               | CORP              | GB        |    714487 | NS      | $2371937.30   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Mettler-Toledo International I | Mettler-Toledo International Inc          | CUSIP: 592688105<br>LEI: 5493000BD5GJNUDIUG10 | Long             | EC               | CORP              | US        |      5341 | NS      | $7720148.45   | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| MakeMyTrip Ltd                 | MakeMyTrip Ltd                            | CUSIP: 000000000<br>LEI: 529900DNT8HNJ7RYUO60 | Long             | EC               | CORP              | IN        |     54285 | NS      | $1496637.45   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Murata Manufacturing Co Ltd    | Murata Manufacturing Co Ltd               | CUSIP: 000000000<br>LEI: 529900QZG6DL8ZRI7140 | Long             | EC               | CORP              | JP        |     86100 | NS      | $4246037.93   | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| SMC Corp                       | SMC Corp                                  | CUSIP: 000000000<br>LEI: 353800O40V08DOZ70X62 | Long             | EC               | CORP              | JP        |     11800 | NS      | $4927134.99   | 1.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Jeronimo Martins SGPS SA       | Jeronimo Martins SGPS SA                  | CUSIP: 000000000<br>LEI: 259400A8SZP10GB5IB19 | Long             | EC               | CORP              | PT        |    219805 | NS      | $4755591.25   | 1.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Burberry Group PLC             | Burberry Group PLC                        | CUSIP: 000000000<br>LEI: 213800PE1KEFCNFR1R50 | Long             | EC               | CORP              | GB        |    118349 | NS      | $2877320.52   | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Thai Beverage PCL              | Thai Beverage PCL                         | CUSIP: 000000000<br>LEI: 529900VZFHQZ684D8L07 | Long             | EC               | CORP              | TH        |   2842700 | NS      | $1453474.17   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| NAVER Corp                     | NAVER Corp                                | CUSIP: 000000000<br>LEI: 988400ULUQYDB2HQYJ61 | Long             | EC               | CORP              | KR        |        17 | NS      | $2417.76      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ASML Holding NV                | ASML Holding NV                           | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |     13122 | NS      | $7154798.20   | 2.27%             |  |  |  | No            |                  2 | On Loan: No      |
| BeiGene Ltd                    | BeiGene Ltd                               | CUSIP: 000000000<br>LEI: 549300JFUK6FRD5MH739 | Long             | EC               | CORP              | US        |    141869 | NS      | $2407825.23   | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Kao Corp                       | Kao Corp                                  | CUSIP: 000000000<br>LEI: 353800HM38HFCB8RGL63 | Long             | EC               | CORP              | JP        |     40400 | NS      | $1603898.26   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Weir Group PLC/The             | Weir Group PLC/The                        | CUSIP: 000000000<br>LEI: 549300KDR56WHY9I3D10 | Long             | EC               | CORP              | GB        |    185135 | NS      | $3723886.17   | 1.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Recruit Holdings Co Ltd        | Recruit Holdings Co Ltd                   | CUSIP: 000000000<br>LEI: 353800R2LRSMVVC4I806 | Long             | EC               | CORP              | JP        |     93700 | NS      | $2932995.32   | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Li Ning Co Ltd                 | Li Ning Co Ltd                            | CUSIP: 000000000<br>LEI: 529900T77L2FV3FZ3U81 | Long             | EC               | CORP              | CN        |    431000 | NS      | $3706171.23   | 1.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie Financiere Richemont SA    | Cie Financiere Richemont SA               | CUSIP: 000000000<br>LEI: 549300YIPGJ6UX2QPS51 | Long             | EC               | CORP              | CH        |     60815 | NS      | $7885270.60   | 2.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Zalando SE                     | Zalando SE                                | CUSIP: 000000000<br>LEI: 529900YRFFGH5AXU4S86 | Long             | EC               | CORP              | DE        |    124934 | NS      | $4398279.30   | 1.40%             |  |  |  | No            |                  2 | On Loan: No      |
| adidas AG                      | adidas AG                                 | CUSIP: 000000000<br>LEI: 549300JSX0Z4CW0V5023 | Long             | EC               | CORP              | DE        |     16413 | NS      | $2224395.38   | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| United Spirits Ltd             | United Spirits Ltd                        | CUSIP: 000000000<br>LEI: 3358004YFWQVX2EZDE82 | Long             | EC               | CORP              | IN        |    240967 | NS      | $2552758.49   | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Intertek Group PLC             | Intertek Group PLC                        | CUSIP: 000000000<br>LEI: 2138003GAT25WW1RN369 | Long             | EC               | CORP              | GB        |     53173 | NS      | $2586983.00   | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Keyence Corp                   | Keyence Corp                              | CUSIP: 000000000<br>LEI: 529900M7PQBS7A89DZ11 | Long             | EC               | CORP              | JP        |     10200 | NS      | $3960096.78   | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| EXOR NV                        | EXOR NV                                   | CUSIP: 000000000<br>LEI: 5493002ENHZ6NYET7405 | Long             | EC               | CORP              | NL        |     43926 | NS      | $3216013.09   | 1.02%             |  |  |  | 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        |    601349 | NS      | $2125621.28   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlas Copco AB                 | Atlas Copco AB                            | CUSIP: 000000000<br>LEI: 213800T8PC8Q4FYJZR07 | Long             | EC               | CORP              | SE        |    619960 | NS      | $6614756.31   | 2.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Coupang Inc                    | Coupang Inc                               | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | KR        |    116967 | NS      | $1720584.57   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| PING AN                        | Ping An Insurance Group Co of China Ltd   | CUSIP: 000000000<br>LEI: 529900M9MC28JLN35U89 | Long             | EC               | CORP              | CN        |    622500 | NS      | $4089666.49   | 1.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Lonza Group AG                 | Lonza Group AG                            | CUSIP: 000000000<br>LEI: 549300EFW4H2TCZ71055 | Long             | EC               | CORP              | CH        |      5985 | NS      | $2937889.58   | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Auto Trader Group PLC          | Auto Trader Group PLC                     | CUSIP: 000000000<br>LEI: 213800QLK9BZILB1DI86 | Long             | EC               | CORP              | GB        |    831663 | NS      | $5179060.45   | 1.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Trip.com Group Ltd             | Trip.com Group Ltd                        | CUSIP: 000000000<br>LEI: 2549004RMYDSRQL4KW41 | Long             | EC               | CORP              | CN        |     70854 | NS      | $2443725.73   | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| United Overseas Bank Ltd       | United Overseas Bank Ltd                  | CUSIP: 000000000<br>LEI: IO66REGK3RCBAMA8HR66 | Long             | EC               | CORP              | SG        |    389099 | NS      | $8912641.15   | 2.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Investor AB                    | Investor AB                               | CUSIP: 000000000<br>LEI: 549300VEBQPHRZBKUX38 | Long             | EC               | CORP              | SE        |    319432 | NS      | $5782025.11   | 1.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Housing Development Finance Co | Housing Development Finance Corp Ltd      | CUSIP: 000000000<br>LEI: 335800OX2H9AP7NHLT64 | Long             | EC               | CORP              | IN        |    254690 | NS      | $8096840.73   | 2.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Remy Cointreau SA              | Remy Cointreau SA                         | CUSIP: 000000000<br>LEI: 5493004V6A3Z027YT216 | Long             | EC               | CORP              | FR        |     31702 | NS      | $5345388.64   | 1.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Pacific Railway Ltd   | Canadian Pacific Railway Ltd              | CUSIP: 13645T100<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     40500 | NS      | $3019553.18   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                           | Taiwan Semiconductor Manufacturing Co Ltd | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    138132 | NS      | $10289452.68  | 3.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Nemetschek SE                  | Nemetschek SE                             | CUSIP: 000000000<br>LEI: 529900R0S2IX1S358J38 | Long             | EC               | CORP              | DE        |     37634 | NS      | $1924089.26   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Nibe Industrier AB             | Nibe Industrier AB                        | CUSIP: 000000000<br>LEI: 549300ZQH0FIF1P0MX67 | Long             | EC               | CORP              | SE        |    167807 | NS      | $1566273.89   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| DSV A/S                        | DSV A/S                                   | CUSIP: 000000000<br>LEI: 529900X41C0BSLK67H70 | Long             | EC               | CORP              | DK        |     10591 | NS      | $1674831.07   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Prosus NV                      | Prosus NV                                 | CUSIP: 000000000<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | EC               | CORP              | NL        |    116660 | NS      | $8054608.40   | 2.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Ashtead Group PLC              | Ashtead Group PLC                         | CUSIP: 000000000<br>LEI: 2138007UTBN8X9K1A235 | Long             | EC               | CORP              | GB        |     31858 | NS      | $1809687.07   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Xero Ltd                       | Xero Ltd                                  | CUSIP: 000000000<br>LEI: 254900UG5D8YST164N14 | Long             | EC               | CORP              | NZ        |     62192 | NS      | $2965554.80   | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Sugi Holdings Co Ltd           | Sugi Holdings Co Ltd                      | CUSIP: 000000000<br>LEI: 529900N86BFWB1FADG87 | Long             | EC               | CORP              | JP        |     30500 | NS      | $1356461.73   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Anheuser-Busch InBev SA/NV     | Anheuser-Busch InBev SA/NV                | CUSIP: 000000000<br>LEI: 5493008H3828EMEXB082 | Long             | EC               | CORP              | BE        |     56352 | NS      | $3394135.53   | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Asian Paints Ltd               | Asian Paints Ltd                          | CUSIP: 000000000<br>LEI: 335800HEHXGYRUNERD75 | Long             | EC               | CORP              | IN        |     36615 | NS      | $1361205.59   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Epiroc AB                      | Epiroc AB                                 | CUSIP: 000000000<br>LEI: 5493004Q73OEYW1SPE91 | Long             | EC               | CORP              | SE        |    248003 | NS      | $3989673.63   | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Shopify Inc                    | Shopify Inc                               | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |    102240 | NS      | $3548750.40   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitt | LVMH Moet Hennessy Louis Vuitton SE       | CUSIP: 000000000<br>LEI: IOG4E947OATN0KJYSD45 | Long             | EC               | CORP              | FR        |      7390 | NS      | $5377653.33   | 1.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Rightmove PLC                  | Rightmove PLC                             | CUSIP: 000000000<br>LEI: 2138001JXGCFKBXYB828 | Long             | EC               | CORP              | GB        |    839912 | NS      | $5196065.32   | 1.65%             |  |  |  | No            |                  2 | On Loan: No      |
| LONGi Green                    | LONGi Green Energy Technology Co Ltd      | CUSIP: 000000000<br>LEI: 300300NRGAITUP1EZ248 | Long             | EC               | CORP              | CN        |    521686 | NS      | $3159009.29   | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SoftBank Group Corp            | SoftBank Group Corp                       | CUSIP: 000000000<br>LEI: 5493003BZYYYCDIO0R13 | Long             | EC               | CORP              | JP        |     60900 | NS      | $2575641.50   | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Raia Drogasil SA               | Raia Drogasil SA                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    890800 | NS      | $4011845.16   | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Sartorius AG                   | Sartorius AG                              | CUSIP: 000000000<br>LEI: 529900EQV2DY4FOAMU38 | Long             | EP               | CORP              | DE        |     17717 | NS      | $6996018.34   | 2.22%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI Lombard General Insuranc | ICICI Lombard General Insurance Co Ltd    | CUSIP: 000000000<br>LEI: 335800ZZITZ7ZZZ2ZX87 | Long             | EC               | CORP              | IN        |    110736 | NS      | $1653373.72   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Wise PLC                       | Wise PLC                                  | CUSIP: 000000000<br>LEI: 213800LD9XCHIC1C4V71 | Long             | EC               | CORP              | GB        |    358641 | NS      | $2429716.22   | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Olympus Corp                   | Olympus Corp                              | CUSIP: 000000000<br>LEI: 5299000Y52IFDI1I2A21 | Long             | EC               | CORP              | JP        |    334500 | NS      | $5899773.71   | 1.87%             |  |  |  | No            |                  2 | On Loan: No      |
| AIA Group Ltd                  | AIA Group Ltd                             | CUSIP: 000000000<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |    580800 | NS      | $6414001.84   | 2.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Nidec Corp                     | Nidec Corp                                | CUSIP: 000000000<br>LEI: 353800IF171MZTNL6Y31 | Long             | EC               | CORP              | JP        |     65900 | NS      | $3391157.97   | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Kering SA                      | Kering SA                                 | CUSIP: 000000000<br>LEI: 549300VGEJKB7SVUZR78 | Long             | EC               | CORP              | FR        |      5835 | NS      | $2969594.40   | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Sysmex Corp                    | Sysmex Corp                               | CUSIP: 000000000<br>LEI: 5299001ZO4CKWACMZI55 | Long             | EC               | CORP              | JP        |     71100 | NS      | $4292349.88   | 1.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Baidu Inc                      | Baidu Inc                                 | CUSIP: 000000000<br>LEI: 254900AL64IANZYI1E02 | Long             | EC               | CORP              | CN        |    147608 | NS      | $2104999.16   | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Ubisoft Entertainment SA       | Ubisoft Entertainment SA                  | CUSIP: 000000000<br>LEI: 969500I7C8V1LBIMSM05 | Long             | EC               | CORP              | FR        |     44099 | NS      | $1245834.17   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Shimano Inc                    | Shimano Inc                               | CUSIP: 000000000<br>LEI: 529900L32YT3P9DECR10 | Long             | EC               | CORP              | JP        |     23500 | NS      | $3713444.03   | 1.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Meituan                        | Meituan                                   | CUSIP: 000000000<br>LEI: 21380033K525E5JLIA77 | Long             | EC               | CORP              | CN        |    204300 | NS      | $4526437.13   | 1.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Hargreaves Lansdown PLC        | Hargreaves Lansdown PLC                   | CUSIP: 000000000<br>LEI: 2138008ZCE93ZDSESG90 | Long             | EC               | CORP              | GB        |    278833 | NS      | $2871410.58   | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Reliance Industries Ltd        | Reliance Industries Ltd                   | CUSIP: 000000000<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               | CORP              | IN        |     90939 | NS      | $2791883.11   | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| CATL                           | Contemporary Amperex Technology Co Ltd    | CUSIP: 000000000<br>LEI: 300300KINDY1K0E9I032 | Long             | EC               | CORP              | CN        |     54955 | NS      | $3096596.37   | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Unicharm Corp                  | Unicharm Corp                             | CUSIP: 000000000<br>LEI: 353800UQ4BZIJTAQEG85 | Long             | EC               | CORP              | JP        |    109500 | NS      | $4192342.18   | 1.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Denso Corp                     | Denso Corp                                | CUSIP: 000000000<br>LEI: 549300RYPA10CQM3QK38 | Long             | EC               | CORP              | JP        |     48900 | NS      | $2398047.50   | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Z Holdings Corp                | Z Holdings Corp                           | CUSIP: 000000000<br>LEI: 52990078MD2OL792YM35 | Long             | EC               | CORP              | JP        |    738800 | NS      | $1845164.85   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Games Workshop Group PLC       | Games Workshop Group PLC                  | CUSIP: 000000000<br>LEI: 213800RP9QJQYGWHNT41 | Long             | EC               | CORP              | GB        |     33446 | NS      | $3452417.06   | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Experian PLC                   | Experian PLC                              | CUSIP: 000000000<br>LEI: 635400RXXHHYT1JTSZ26 | Long             | EC               | CORP              | IE        |     97265 | NS      | $3294203.63   | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Farfetch Ltd                   | Farfetch Ltd                              | CUSIP: 30744W107<br>LEI: 549300QFQ74Z0F96NS78 | Long             | EC               | CORP              | GB        |    203822 | NS      | $964078.06    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| IMCD NV                        | IMCD NV                                   | CUSIP: 000000000<br>LEI: 724500NSJPNFJPDAUP02 | Long             | EC               | CORP              | NL        |     30306 | NS      | $4335017.96   | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Cochlear Ltd                   | Cochlear Ltd                              | CUSIP: 000000000<br>LEI: 5493001OLLWY8KV5UC08 | Long             | EC               | CORP              | AU        |     34852 | NS      | $4813319.97   | 1.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Atlas Copco AB                 | Atlas Copco AB                            | CUSIP: 000000000<br>LEI: 213800T8PC8Q4FYJZR07 | Long             | EC               | CORP              | SE        |     35164 | NS      | $416637.08    | 0.13%             |  |  |  | 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