# EDGAR Filing Document

**Accession Number:** 0001120543
**File Stem:** 0000940400-26-007376
**Filing Date:** 2026-2
**Character Count:** 27421
**Document Hash:** 5873cb3177d0bddeaf72c9f129b6184d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-007376.hdr.sgml**: 20260224

**ACCESSION NUMBER**: 0000940400-26-007376

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260224

**DATE AS OF CHANGE**: 20260224

**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:** 26667848

**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:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**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:** $1418429.34

**Total Liabilities:** $4862.92

**Net Assets:** $1413566.42

**Cash Not Reported:** $8518.33

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000233007 | 6.42%                | -1.39%               | 5.37%                |
| Class ID C000233008 | 6.42%                | -1.39%               | 5.37%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $32965.91                | $49796.60                                  |
| Month 2  | $0.00                    | $-20402.81                                 |
| Month 3  | $18035.51                | $46982.84                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Accton Technology Corp         | Accton Technology Corp                      | CUSIP: 000000000<br>LEI: 529900M1YRZ0GWMDF920 | Long             | EC               | CORP              | TW        |      1000 | NS      | $37737.00     | 2.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Axia Energia                   | Axia Energia                                | CUSIP: 000000000<br>LEI: 254900I8KYDELP4B4Z08 | Long             | EP               | CORP              | BR        |       631 | NS      | $5654.53      | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Lundin Mining Corp             | Lundin Mining Corp                          | CUSIP: 550372106<br>LEI: 549300FQDIM6C8HTN269 | Long             | EC               | CORP              | CA        |       715 | NS      | $15367.38     | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Axis Bank Ltd                  | Axis Bank Ltd                               | CUSIP: 000000000<br>LEI: 549300HVNWMJPOFVNI41 | Long             | EC               | CORP              | IN        |      1975 | NS      | $27927.46     | 1.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Remgro Ltd                     | Remgro Ltd                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |       626 | NS      | $6869.25      | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| TSMC                           | Taiwan Semiconductor Manufacturing Co Ltd   | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |      5000 | NS      | $245786.43    | 17.39%            |  |  |  | No            |                  2 | On Loan: No      |
| Copa Holdings SA               | Copa Holdings SA                            | CUSIP: 000000000<br>LEI: 529900BB9UQJV6QQHA59 | Long             | EC               | CORP              | PA        |        80 | NS      | $9648.80      | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Bradesco SA              | Banco Bradesco SA                           | CUSIP: 059460303<br>LEI: 549300CTUU1RFXHQJE44 | Long             | EC               | CORP              | BR        |      3857 | NS      | $12843.81     | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyundai Motor India Ltd        | Hyundai Motor India Ltd                     | CUSIP: 000000000<br>LEI: 335800HWX9HKN9N12M74 | Long             | EC               | CORP              | IN        |       104 | NS      | $2659.03      | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Emaar Properties PJSC          | Emaar Properties PJSC                       | CUSIP: 000000000<br>LEI: 254900YWYEXYXK1BMP81 | Long             | EC               | CORP              | AE        |      5301 | NS      | $20231.50     | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Delhivery Ltd                  | Delhivery Ltd                               | CUSIP: 000000000<br>LEI: 335800CUQ1SBCH9TTH82 | Long             | EC               | CORP              | IN        |      2269 | NS      | $10205.67     | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Naspers Ltd                    | Naspers Ltd                                 | CUSIP: 000000000<br>LEI: 21380044BQ8812EEKT59 | Long             | EC               | CORP              | ZA        |       769 | NS      | $51285.77     | 3.63%             |  |  |  | No            |                  2 | 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      |
| Saudi Tadawul Group Holding Co | Saudi Tadawul Group Holding Co              | CUSIP: 000000000<br>LEI: 894500BXFAWZK686TP37 | Long             | EC               | CORP              | SA        |       118 | NS      | $4413.83      | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Grab Holdings Ltd              | Grab Holdings Ltd                           | CUSIP: 000000000<br>LEI: 549300N4VQX83VPJF439 | Long             | EC               | CORP              | SG        |      2480 | NS      | $12375.20     | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Raizen SA                      | Raizen SA                                   | CUSIP: 000000000<br>LEI: 5493000WQL3QP7QXX484 | Long             | EP               | CORP              | BR        |      9700 | NS      | $1433.43      | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Life Insurance Co Ltd     | HDFC Life Insurance Co Ltd                  | CUSIP: 000000000<br>LEI: 335800RQI8GAFHIRGZ37 | Long             | EC               | CORP              | IN        |      2130 | NS      | $17794.89     | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Ivanhoe Mines Ltd              | Ivanhoe Mines Ltd                           | CUSIP: 46579R104<br>LEI: 5299006XZISURYIA4G32 | Long             | EC               | CORP              | CA        |       928 | NS      | $10554.14     | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Credicorp Ltd                  | Credicorp Ltd                               | CUSIP: 000000000<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | PE        |        64 | NS      | $18368.00     | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Rakyat Indonesia Persero  | Bank Rakyat Indonesia Persero Tbk PT        | CUSIP: 000000000<br>LEI: 254900HB6S4B12GBNP64 | Long             | EC               | CORP              | ID        |     52500 | NS      | $11497.86     | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Lojas Renner SA                | Lojas Renner SA                             | CUSIP: 000000000<br>LEI: 52990032N7OAAM138D78 | Long             | EC               | CORP              | BR        |      2500 | NS      | $6122.81      | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| PETROBRAS                      | Petroleo Brasileiro SA - Petrobras          | CUSIP: 71654V408<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |      1035 | NS      | $12264.75     | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Military Commercial Joint Stoc | Military Commercial Joint Stock Bank        | CUSIP: 000000000<br>LEI: 5493007XE88E8JRNTJ93 | Long             | EC               | CORP              | VN        |      7400 | NS      | $7102.17      | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| GMK Norilskiy Nickel PAO       | GMK Norilskiy Nickel PAO                    | CUSIP: 55315J102<br>LEI: 253400JPTEEW143W3E47 | Long             | EC               | CORP              | CH        |         6 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Valeura Energy Inc             | Valeura Energy Inc                          | CUSIP: 919144402<br>LEI: 2549003ZBCOPPO06GY48 | Long             | EC               | CORP              | SG        |      1750 | NS      | $10429.49     | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Natura Cosmeticos SA           | Natura Cosmeticos SA                        | CUSIP: 000000000<br>LEI: 98450085D7XCFF5A9N75 | Long             | EC               | CORP              | BR        |      2800 | NS      | $3796.93      | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Kaspi.KZ JSC                   | Kaspi.KZ JSC                                | CUSIP: 48581R205<br>LEI: 2549003YU6FARG8OAZ13 | Long             | EC               | CORP              | KZ        |        78 | NS      | $6094.14      | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| SK hynix Inc                   | SK hynix Inc                                | CUSIP: 000000000<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |       151 | NS      | $68384.61     | 4.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Consultancy Services Ltd  | Tata Consultancy Services Ltd               | CUSIP: 000000000<br>LEI: 335800ZJKU9GPQRE2U66 | Long             | EC               | CORP              | IN        |       423 | NS      | $15113.45     | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| BBB Foods Inc                  | BBB Foods Inc                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |       315 | NS      | $10517.85     | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Fabrinet                       | Fabrinet                                    | CUSIP: 000000000<br>LEI: 5493004TETZ6IYF7CV44 | Long             | EC               | CORP              | TH        |        38 | NS      | $17300.64     | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Globant SA                     | Globant SA                                  | CUSIP: 000000000<br>LEI: 2221008DCMSPYS42DS88 | Long             | EC               | CORP              | LU        |        49 | NS      | $3203.13      | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| UltraTech Cement Ltd           | UltraTech Cement Ltd                        | CUSIP: 000000000<br>LEI: 335800PC9O9B4BQHG814 | Long             | EC               | CORP              | IN        |        87 | NS      | $11415.78     | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| FPT Corp                       | FPT Corp                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | VN        |      1500 | NS      | $5457.61      | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| PETROBRAS                      | Petroleo Brasileiro SA - Petrobras          | CUSIP: 71654V101<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |       550 | NS      | $6198.50      | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| NU Holdings Ltd/Cayman Islands | NU Holdings Ltd/Cayman Islands              | CUSIP: 000000000<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               | CORP              | BR        |      1027 | NS      | $17191.98     | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyundai Glovis Co Ltd          | Hyundai Glovis Co Ltd                       | CUSIP: 000000000<br>LEI: 988400U6RDXNJ5ZRN304 | Long             | EC               | CORP              | KR        |        93 | NS      | $11673.41     | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| GMK Norilskiy Nickel PAO       | GMK Norilskiy Nickel PAO                    | CUSIP: 000000000<br>LEI: 253400JPTEEW143W3E47 | Long             | EC               | CORP              | RU        |      9400 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Sociedad Quimica y Minera de C | Sociedad Quimica y Minera de Chile SA       | CUSIP: 833635105<br>LEI: TJ88LXZZW5PWIN93ZC81 | Long             | EC               | CORP              | CL        |       288 | NS      | $19814.40     | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| SCB X PCL                      | SCB X PCL                                   | CUSIP: 000000000<br>LEI: 254900TG41KIWX7VDO42 | Long             | EC               | CORP              | TH        |      2200 | NS      | $9696.01      | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Escorts Kubota Ltd             | Escorts Kubota Ltd                          | CUSIP: 000000000<br>LEI: 335800FPEJC7WFBUBF07 | Long             | EC               | CORP              | IN        |       178 | NS      | $7376.39      | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Mobile World Investment Corp   | Mobile World Investment Corp                | CUSIP: 000000000<br>LEI: 254900ZRFNB8CRAHHO95 | Long             | EC               | CORP              | VN        |      2400 | NS      | $8053.16      | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| NCSoft Corp                    | NCSoft Corp                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |        48 | NS      | $6721.23      | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Coupang Inc                    | Coupang Inc                                 | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | US        |       568 | NS      | $13399.12     | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| PB Fintech Ltd                 | PB Fintech Ltd                              | CUSIP: 000000000<br>LEI: 98450083AC6B01HF1F87 | Long             | EC               | CORP              | IN        |       348 | NS      | $7077.79      | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| First Quantum Minerals Ltd     | First Quantum Minerals Ltd                  | CUSIP: 335934105<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | EC               | CORP              | CA        |      1442 | NS      | $38662.05     | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Samvardhana Motherson Internat | Samvardhana Motherson International Ltd     | CUSIP: 000000000<br>LEI: 335800C7BQ19CKG8GH63 | Long             | EC               | CORP              | IN        |      8837 | NS      | $11805.26     | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Impala Platinum Holdings Ltd   | Impala Platinum Holdings Ltd                | CUSIP: 000000000<br>LEI: 254900BZFIFB4PD2Z778 | Long             | EC               | CORP              | ZA        |      1751 | NS      | $27517.24     | 1.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Allegro.eu SA                  | Allegro.eu SA                               | CUSIP: 000000000<br>LEI: 222100VRLXV3FPMG4982 | Long             | EC               | CORP              | PL        |      1260 | NS      | $10812.02     | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| B3 SA - Brasil Bolsa Balcao    | B3 SA - Brasil Bolsa Balcao                 | CUSIP: 000000000<br>LEI: 4GTK5S46E6H318LMDS44 | Long             | EC               | CORP              | BR        |      8800 | NS      | $22403.99     | 1.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd     | Samsung Electronics Co Ltd                  | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EP               | CORP              | KR        |       542 | NS      | $33642.38     | 2.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Reliance Industries Ltd        | Reliance Industries Ltd                     | CUSIP: 000000000<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               | CORP              | IN        |      2522 | NS      | $44131.51     | 3.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Capitec Bank Holdings Ltd      | Capitec Bank Holdings Ltd                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |        45 | NS      | $11295.94     | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| WEG SA                         | WEG SA                                      | CUSIP: 000000000<br>LEI: 254900NKQV127YFRO022 | Long             | EC               | CORP              | BR        |       700 | NS      | $6183.77      | 0.44%             |  |  |  | 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      |
| Sea Ltd                        | Sea Ltd                                     | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | SG        |       221 | NS      | $28192.97     | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Mandiri Persero Tbk PT    | Bank Mandiri Persero Tbk PT                 | CUSIP: 000000000<br>LEI: 549300RSKQN4Z5ZSGH94 | Long             | EC               | CORP              | ID        |     17800 | NS      | $5427.81      | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| InterGlobe Aviation Ltd        | InterGlobe Aviation Ltd                     | CUSIP: 000000000<br>LEI: 33580079R8SLLO23XD19 | Long             | EC               | CORP              | IN        |       252 | NS      | $14214.17     | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Kotak Mahindra Bank Ltd        | Kotak Mahindra Bank Ltd                     | CUSIP: 000000000<br>LEI: 335800E6GTTXKHXE2I75 | Long             | EC               | CORP              | IN        |       598 | NS      | $14669.21     | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Fomento Economico Mexicano SAB | Fomento Economico Mexicano SAB de CV        | CUSIP: 344419106<br>LEI: 549300A8MDWDJNMLV153 | Long             | EC               | CORP              | MX        |       157 | NS      | $15867.99     | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Raia Drogasil SA               | Raia Drogasil SA                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |       816 | NS      | $3480.23      | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| MediaTek Inc                   | MediaTek Inc                                | CUSIP: 000000000<br>LEI: 254900UEGBK1I4DM4E14 | Long             | EC               | CORP              | TW        |      1000 | NS      | $45405.19     | 3.21%             |  |  |  | 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        |      3147 | NS      | $9788.34      | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstRand Ltd                  | FirstRand Ltd                               | CUSIP: 000000000<br>LEI: 529900XYOP8CUZU7R671 | Long             | EC               | CORP              | ZA        |      1342 | NS      | $7354.15      | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| MercadoLibre Inc               | MercadoLibre Inc                            | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | UY        |        22 | NS      | $44313.72     | 3.13%             |  |  |  | No            |                  1 | On Loan: No      |
| E Ink Holdings Inc             | E Ink Holdings Inc                          | CUSIP: 000000000<br>LEI: 529900UOR451FJJYL571 | Long             | EC               | CORP              | TW        |      1000 | NS      | $6282.94      | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Cholamandalam Investment and F | Cholamandalam Investment and Finance Co Ltd | CUSIP: 000000000<br>LEI: 3358008DNPV45O4EII52 | Long             | EC               | CORP              | IN        |       392 | NS      | $7435.34      | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd     | Samsung Electronics Co Ltd                  | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |      1093 | NS      | $91609.68     | 6.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Motor Co               | Hyundai Motor Co                            | CUSIP: 000000000<br>LEI: 9884004RQX8PRBXQ8S60 | Long             | EC               | CORP              | KR        |       108 | NS      | $22302.86     | 1.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Eicher Motors Ltd              | Eicher Motors Ltd                           | CUSIP: 000000000<br>LEI: 25490059S64CN2OY7239 | Long             | EC               | CORP              | IN        |        96 | NS      | $7814.65      | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI Bank Ltd                 | ICICI Bank Ltd                              | CUSIP: 000000000<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |       963 | NS      | $14412.82     | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Axia Energia                   | Axia Energia                                | CUSIP: 000000000<br>LEI: 254900I8KYDELP4B4Z08 | Long             | EC               | CORP              | BR        |      2400 | NS      | $22145.31     | 1.57%             |  |  |  | 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        |      1744 | NS      | $16158.21     | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-21

**Name of Applicant:** Baillie Gifford Funds

**Signature:** Lindsay Cockburn

**Name of Signer:** Lindsay Cockburn

**Title:** Treasurer