# EDGAR Filing Document

**Accession Number:** 0001120543
**File Stem:** 0001752724-25-205095
**Filing Date:** 2025-8
**Character Count:** 23074
**Document Hash:** b2409565dd6b9dfb2d39bebe0968feac
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-205095.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001752724-25-205095

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**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:** 251255624

**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 China Equities Fund (Series ID: S000072288)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000228388 | Institutional Class | BGCBX           |
| C000228389 | Class K             | BGCDX           |

## 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 China Equities Fund

- **b. EDGAR series identifier (if any):** S000072288

- **c. LEI of Series:** 213800KECP1DXAWGUY59

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**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:** $2761920.90

**Total Liabilities:** $52790.33

**Net Assets:** $2709130.57

**Cash Not Reported:** $38187.51

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000228389 | -4.89%               | 1.06%                | 4.74%                |
| Class ID C000228388 | -4.91%               | 1.25%                | 4.57%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-15995.94               | $-131010.98                                |
| Month 2  | $-80389.90               | $105454.66                                 |
| Month 3  | $-41025.87               | $149298.57                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| INOVANCE                       | Shenzhen Inovance Technology Co Ltd            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      4700 | NS      | $42375.52     | 1.56%             |  |  |  | No            |                  2 | On Loan: No      |
| MEGMEET                        | Shenzhen Megmeet Electrical Co Ltd             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      3125 | NS      | $21899.37     | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| PING AN                        | Ping An Insurance Group Co of China Ltd        | CUSIP: 000000000<br>LEI: 529900M9MC28JLN35U89 | Long             | EC               | CORP              | CN        |     15000 | NS      | $95749.79     | 3.53%             |  |  |  | No            |                  2 | On Loan: No      |
| CATL                           | Contemporary Amperex Technology Co Ltd         | CUSIP: 000000000<br>LEI: 300300KINDY1K0E9I032 | Long             | EC               | CORP              | CN        |      2400 | NS      | $84605.64     | 3.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Pop Mart International Group L | Pop Mart International Group Ltd               | CUSIP: 000000000<br>LEI: 9845000A05E8F937E337 | Long             | EC               | CORP              | CN        |      2800 | NS      | $95393.71     | 3.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Haier Smart Home Co Ltd        | Haier Smart Home Co Ltd                        | CUSIP: 000000000<br>LEI: 3003002BYTNGNJTWSH07 | Long             | EC               | CORP              | CN        |     11400 | NS      | $32759.06     | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Minth Group Ltd                | Minth Group Ltd                                | CUSIP: 000000000<br>LEI: 254900B2AH0G13K9G204 | Long             | EC               | CORP              | TW        |      8000 | NS      | $22897.28     | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Silergy Corp                   | Silergy Corp                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2000 | NS      | $24362.47     | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| China Merchants Bank Co Ltd    | China Merchants Bank Co Ltd                    | CUSIP: 000000000<br>LEI: 549300MKO5B60FFIHF58 | Long             | EC               | CORP              | CN        |     16500 | NS      | $115746.88    | 4.27%             |  |  |  | No            |                  2 | On Loan: No      |
| BeOne Medicines Ltd            | BeOne Medicines Ltd                            | CUSIP: 000000000<br>LEI: 549300JFUK6FRD5MH739 | Long             | EC               | CORP              | US        |      2091 | NS      | $39555.54     | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Advanced Micro-Fabrication Equ | Advanced Micro-Fabrication Equipment Inc China | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      1071 | NS      | $27274.63     | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Zijin Mining Group Co Ltd      | Zijin Mining Group Co Ltd                      | CUSIP: 000000000<br>LEI: 836800JRNL2393Z2I561 | Long             | EC               | CORP              | CN        |     28000 | NS      | $72010.73     | 2.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Horizon Robotics               | Horizon Robotics                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     30000 | NS      | $24930.62     | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Li Ning Co Ltd                 | Li Ning Co Ltd                                 | CUSIP: 000000000<br>LEI: 529900T77L2FV3FZ3U81 | Long             | EC               | CORP              | CN        |      9500 | NS      | $20588.07     | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| SHENZHOU INTL                  | Shenzhou International Group Holdings Ltd      | CUSIP: 000000000<br>LEI: 529900B4W41TCUKJFM73 | Long             | EC               | CORP              | CN        |      4500 | NS      | $32166.57     | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Medlive Technology Co Ltd      | Medlive Technology Co Ltd                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     11000 | NS      | $20612.68     | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Weichai Power Co Ltd           | Weichai Power Co Ltd                           | CUSIP: 000000000<br>LEI: 529900OKTPKBG85F9502 | Long             | EC               | CORP              | CN        |     18000 | NS      | $36648.33     | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Sungrow Power Supply Co Ltd    | Sungrow Power Supply Co Ltd                    | CUSIP: 000000000<br>LEI: 30030052IWC7RGVFG505 | Long             | EC               | CORP              | CN        |      1960 | NS      | $18548.02     | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Innovent Biologics Inc         | Innovent Biologics Inc                         | CUSIP: 000000000<br>LEI: 25490058ONL9SCIE1R22 | Long             | EC               | CORP              | CN        |      1500 | NS      | $15037.02     | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Midea Group Co Ltd             | Midea Group Co Ltd                             | CUSIP: 000000000<br>LEI: 3003003TRPHLHZD2IF61 | Long             | EC               | CORP              | CN        |      6400 | NS      | $64511.81     | 2.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Kuaishou Technology            | Kuaishou Technology                            | CUSIP: 000000000<br>LEI: 300300FCDZBE6UP9ED24 | Long             | EC               | CORP              | CN        |      4100 | NS      | $33282.12     | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Guangzhou Kingmed Diagnostics  | Guangzhou Kingmed Diagnostics Group Co Ltd     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2400 | NS      | $9568.38      | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| SANHUA                         | Zhejiang Sanhua Intelligent Controls Co Ltd    | CUSIP: 000000000<br>LEI: 8368003UTQ4F88XERZ23 | Long             | EC               | CORP              | CN        |      7800 | NS      | $28749.65     | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| PDD Holdings Inc               | PDD Holdings Inc                               | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | IE        |       819 | NS      | $85716.54     | 3.16%             |  |  |  | No            |                  1 | On Loan: No      |
| SUNNY OPTICAL                  | Sunny Optical Technology Group Co Ltd          | CUSIP: 000000000<br>LEI: 3003004QIVP0DFVVWM94 | Long             | EC               | CORP              | CN        |      3800 | NS      | $33749.63     | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| HASCO                          | Huayu Automotive Systems Co Ltd                | CUSIP: 000000000<br>LEI: 3003001J2BNVV78BOT83 | Long             | EC               | CORP              | CN        |      6700 | NS      | $16498.33     | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| KINGDEE INT'L                  | Kingdee International Software Group Co Ltd    | CUSIP: 000000000<br>LEI: 529900SWRZN94C5SZO63 | Long             | EC               | CORP              | CN        |     11000 | NS      | $21741.30     | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Sinocare Inc                   | Sinocare Inc                                   | CUSIP: 000000000<br>LEI: 3003008DEKI00A51LU77 | Long             | EC               | CORP              | CN        |      5100 | NS      | $16081.45     | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Meituan                        | Meituan                                        | CUSIP: 000000000<br>LEI: 21380033K525E5JLIA77 | Long             | EC               | CORP              | CN        |      4090 | NS      | $65791.91     | 2.43%             |  |  |  | No            |                  2 | On Loan: No      |
| SINOCERA MATERIAL              | Shandong Sinocera Functional Material Co Ltd   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     13000 | NS      | $31491.71     | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| KE Holdings Inc                | KE Holdings Inc                                | CUSIP: 000000000<br>LEI: 254900RHVY072XPAZE03 | Long             | EC               | CORP              | CN        |      5767 | NS      | $34416.99     | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Shanxi Fen Wine                | Shanxi Xinghuacun Fen Wine Factory Co Ltd      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |       600 | NS      | $14781.11     | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| ANTA Sports Products Ltd       | ANTA Sports Products Ltd                       | CUSIP: 000000000<br>LEI: 529900291XG0CTK4LF95 | Long             | EC               | CORP              | CN        |      3400 | NS      | $41139.26     | 1.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Dongguan Yiheda Automation Co  | Dongguan Yiheda Automation Co Ltd              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2360 | NS      | $7534.41      | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| ENN Energy Holdings Ltd        | ENN Energy Holdings Ltd                        | CUSIP: 000000000<br>LEI: 549300V7BXPWT6WIPR03 | Long             | EC               | CORP              | CN        |      3500 | NS      | $28098.07     | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Proya Cosmetics Co Ltd         | Proya Cosmetics Co Ltd                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2096 | NS      | $24231.02     | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhongji Innolight Co Ltd       | Zhongji Innolight Co Ltd                       | CUSIP: 000000000<br>LEI: 655600K7YZDKAI214O83 | Long             | EC               | CORP              | CN        |      1200 | NS      | $24578.58     | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Yifeng Pharmacy Chain Co Ltd   | Yifeng Pharmacy Chain Co Ltd                   | CUSIP: 000000000<br>LEI: 300300CZZIF44N1EZO06 | Long             | EC               | CORP              | CN        |      5980 | NS      | $20438.06     | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Luckin Coffee Inc              | Luckin Coffee Inc                              | CUSIP: 54951L109<br>LEI: 549300FO16ASCVSMYI15 | Long             | EC               | CORP              | CN        |       894 | NS      | $33319.38     | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| DPC Dash Ltd                   | DPC Dash Ltd                                   | CUSIP: 000000000<br>LEI: 254900OG7TEI5GQICO05 | Long             | EC               | CORP              | CN        |       600 | NS      | $7862.29      | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| NetEase Inc                    | NetEase Inc                                    | CUSIP: 000000000<br>LEI: 5299004AF4DSJDB0PA32 | Long             | EC               | CORP              | CN        |      2900 | NS      | $78153.17     | 2.88%             |  |  |  | No            |                  2 | On Loan: No      |
| CTI                            | Centre Testing International Group Co Ltd      | CUSIP: 000000000<br>LEI: 8368009FQ1ZOBVGD5Y61 | Long             | EC               | CORP              | CN        |     18300 | NS      | $29879.75     | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| SG Micro Corp                  | SG Micro Corp                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2570 | NS      | $26150.03     | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd           | Tencent Holdings Ltd                           | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | CN        |      5500 | NS      | $354395.88    | 13.08%            |  |  |  | No            |                  2 | On Loan: No      |
| Kingsoft Corp Ltd              | Kingsoft Corp Ltd                              | CUSIP: 000000000<br>LEI: 529900UVT35D3Q7YQY41 | Long             | EC               | CORP              | CN        |      4600 | NS      | $24042.11     | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| ROBAM APPLIANCES               | Hangzhou Robam Appliances Co Ltd               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      9900 | NS      | $26274.52     | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Estun Automation Co Ltd        | Estun Automation Co Ltd                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     10800 | NS      | $30535.25     | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| China Oilfield Services Ltd    | China Oilfield Services Ltd                    | CUSIP: 000000000<br>LEI: 529900J4X53VL8QQW675 | Long             | EC               | CORP              | CN        |     16000 | NS      | $13144.49     | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| BYD Co Ltd                     | BYD Co Ltd                                     | CUSIP: 000000000<br>LEI: 5299005557VL7ULJ7A69 | Long             | EC               | CORP              | CN        |      5500 | NS      | $85635.18     | 3.16%             |  |  |  | No            |                  2 | On Loan: No      |
| China Yangtze Power Co Ltd     | China Yangtze Power Co Ltd                     | CUSIP: 000000000<br>LEI: 3003008VX8JFJXA6QP74 | Long             | EC               | CORP              | CN        |      9600 | NS      | $40383.44     | 1.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Tianqi Lithium Corp            | Tianqi Lithium Corp                            | CUSIP: 000000000<br>LEI: 300300IZ1J0MQ8YVEG66 | Long             | EC               | CORP              | CN        |      4400 | NS      | $16270.15     | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| DiDi Global Inc                | DiDi Global Inc                                | CUSIP: 23292E108<br>LEI: 8368006Y2DHY77ADSY31 | Long             | EC               | CORP              | CN        |      1700 | NS      | $8330.00      | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| FUYAO GLASS                    | Fuyao Glass Industry Group Co Ltd              | CUSIP: 000000000<br>LEI: 549300AS5CSLWETN0P64 | Long             | EC               | CORP              | CN        |      4800 | NS      | $34297.89     | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Kweichow Moutai Co Ltd         | Kweichow Moutai Co Ltd                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |       500 | NS      | $98423.98     | 3.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd      | Alibaba Group Holding Ltd                      | CUSIP: 000000000<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | CN        |     11900 | NS      | $168455.80    | 6.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Jiangsu Azure Corp             | Jiangsu Azure Corp                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     15900 | NS      | $28517.80     | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Anker Innovations Technology C | Anker Innovations Technology Co Ltd            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2410 | NS      | $38245.70     | 1.41%             |  |  |  | No            |                  2 | On Loan: No      |
| NAURA Technology Group Co Ltd  | NAURA Technology Group Co Ltd                  | CUSIP: 000000000<br>LEI: 300300JI5I0B95GO5C39 | Long             | EC               | CORP              | CN        |       500 | NS      | $30881.05     | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Haidilao International Holding | Haidilao International Holding Ltd             | CUSIP: 000000000<br>LEI: 3003009Q8GV4VNKZWI24 | Long             | EC               | CORP              | CN        |     17000 | NS      | $32411.64     | 1.20%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-25

**Name of Applicant:** Baillie Gifford Funds

**Signature:** Lindsay Cockburn

**Name of Signer:** Lindsay Cockburn

**Title:** Treasurer