# EDGAR Filing Document

**Accession Number:** 0001120543
**File Stem:** 0001104659-26-006672
**Filing Date:** 2026-1
**Character Count:** 7533
**Document Hash:** ef40b5877736e1f6e52051f9b446dc0e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-006672.hdr.sgml**: 20260127

**ACCESSION NUMBER**: 0001104659-26-006672

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260127

**DATE AS OF CHANGE**: 20260126

**EFFECTIVENESS DATE**: 20260127

**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:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-200831
- **FILM NUMBER:** 26561543

**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 U.S. Equity Growth Fund (Series ID: S000026150)

---

|  |  |  |
|:---|:---|:---|
| Class Name          | Ticker Symbol | Class ID   |
| Institutional Class | BGGSX         | C000186036 |
| Class K             | BGGKX         | C000186037 |

---

### Baillie Gifford Long Term Global Growth Fund (Series ID: S000046079)

---

|  |  |  |
|:---|:---|:---|
| Class Name          | Ticker Symbol | Class ID   |
| Class 2             | BGLTX         | C000144091 |
| Class 3             | BGLOX         | C000144092 |
| Class 4             | BGLFX         | C000144093 |
| Class 5             | BGADX         | C000144094 |
| Institutional Class | BSGLX         | C000186040 |
| Class K             | BGLKX         | C000186041 |

---

## Series and Classes Contracts Data

### Baillie Gifford U.S. Equity Growth Fund (Series ID: S000026150)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000186036 | Institutional Class | BGGSX           |
| C000186037 | Class K             | BGGKX           |

### Baillie Gifford Long Term Global Growth Fund (Series ID: S000046079)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000144091 | Class 2             | BGLTX           |
| C000144092 | Class 3             | BGLOX           |
| C000144093 | Class 4             | BGLFX           |
| C000144094 | Class 5             | BGADX           |
| C000186040 | Institutional Class | BSGLX           |
| C000186041 | Class K             | BGLKX           |

Filed pursuant to Rule 497(e)

under the Securities Act of 1933, as amended

Registration File No.: 333-200831

**BAILLIE GIFFORD FUNDS**

**Baillie Gifford Long Term Global Growth Fund**

**Baillie Gifford U.S. Equity Growth Fund**

Supplement dated January 27, 2026 to the Prospectuses and the Statement of Additional Information ("SAI"), each dated April 30, 2025, as supplemented or revised from time to time

1. Effective on or about February 20, 2026, Michael Pye will no longer be Portfolio Manager for Baillie
Gifford Long Term Global Growth Fund and will no longer be a member of the Long Term Global Growth Team . The Prospectuses and the
SAI are revised as of that date to remove all references to Michael Pye as Portfolio Manager for Baillie Gifford Long Term Global Growth
Fund and as a member of the Long-Term Global Growth Team.

2. Effective on or about January 31, 2026, Lillian Li will become a Portfolio Manager for Baillie Gifford
U.S. Equity Growth Fund. Therefore , effective as of that date, the Prospectus for Class K
and Institutional Class and the SAI are revised as follows.

The subsection titled "Management" under "Baillie Gifford U.S. Equity Growth Fund" in the "Fund Summaries" section is restated in its entirety as follows:

**Management**

Investment Manager

Baillie Gifford Overseas Limited

Portfolio Managers

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Name**<br>| &nbsp;&nbsp;&nbsp;&nbsp;**Title** | &nbsp;&nbsp;&nbsp;&nbsp;**Year Commenced<br> Service with the Fund** |
| &nbsp;&nbsp;&nbsp;&nbsp;Dave Bujnowski | &nbsp;&nbsp;&nbsp;&nbsp;Portfolio Manager | &nbsp;&nbsp;&nbsp;&nbsp;2020 |
| &nbsp;&nbsp;&nbsp;&nbsp;Kirsty Gibson | &nbsp;&nbsp;&nbsp;&nbsp;Portfolio Manager | &nbsp;&nbsp;&nbsp;&nbsp;2016 |
| &nbsp;&nbsp;&nbsp;&nbsp;Lillian Li | &nbsp;&nbsp;&nbsp;&nbsp;Portfolio Manager | &nbsp;&nbsp;&nbsp;&nbsp;2026 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gary Robinson | &nbsp;&nbsp;&nbsp;&nbsp;Portfolio Manager | &nbsp;&nbsp;&nbsp;&nbsp;2016 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tom Slater | &nbsp;&nbsp;&nbsp;&nbsp;Portfolio Manager | &nbsp;&nbsp;&nbsp;&nbsp;2016 |

---

The subsection titled "Baillie Gifford U.S. Equity Growth Fund" under "Investment Teams" in the "Fund Management" section is revised to add the following information:

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Education** | &nbsp;&nbsp;&nbsp;&nbsp;**Investment Experience** |
| Lillian Li<br> BA (Hons) in Economics (2009)<br> Cambridge University<br>| Ms. Li is a portfolio manager in the US Equity Growth Team. She joined Baillie Gifford in 2022. Before joining the firm, she worked at Eight Roads Ventures (Fidelity's VC arm) and Salesforce Ventures, where she led <br>|

---

---

| | |
|:---|:---|
| MSc in International Development (2011)<br> London School of Economics and Political Science | investments in growth-stage private companies across the US and Europe. Ms. Li also founded Chinese Characteristics, an acclaimed publication analysing US and Chinese innovation ecosystems. She holds an undergraduate degree in Economics from the University of Cambridge and a Masters in International Development from London School of Economics and Political Science.<br>Ms. Li has been a member of the portfolio management team since January 2026. |

---

The section titled "Other Accounts" under "Investment Decisions by Portfolio Managers" in the "Manager" section of the SAI is revised to add the following information:

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Account Type** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total<br> Accounts** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total<br> Assets in<br> Accounts** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Where advisory fee is based on<br> account performance:**<br> *Assets in Accounts* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Where advisory fee is based on<br> account performance:**<br> *Assets in Accounts* |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(US$m)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Accounts* | &nbsp;&nbsp;&nbsp;*(US$m)* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Baillie Gifford U.S. Equity Growth Fund** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Baillie Gifford U.S. Equity Growth Fund** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Baillie Gifford U.S. Equity Growth Fund** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Baillie Gifford U.S. Equity Growth Fund** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Baillie Gifford U.S. Equity Growth Fund** |

---

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Lillian Li, as of December 31, 2025\*** |
| &nbsp;&nbsp;&nbsp;&nbsp;Registered Investment Companies |
| &nbsp;&nbsp;&nbsp;&nbsp;Other Pooled Investment Vehicles |
| &nbsp;&nbsp;&nbsp;&nbsp;Other Accounts |
| &nbsp;&nbsp;&nbsp;&nbsp;*\*Ownership of Securities - As of December 31, 2025, Ms. Li did not beneficially own any shares of Baillie Gifford U.S. Equity Growth Fund.* |

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**PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE**