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BAILLIE GIFFORD FUNDS Baillie Gifford International All Cap Fund Baillie Gifford Developed EAFE All Cap Fund Baillie Gifford EAFE Plus All Cap Fund Supplement dated September 16, 2025, to the Funds’ Prospectus and Statement of Additional Information

Filed pursuant to Rule 497(e) and Rule 425(a) under the Securities Act of 1933, as amended Registration File No.

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ROPES & GRAY LLP PRUDENTIAL TOWER 800 BOYLSTON STREET BOSTON, MA 02199-3600 WWW.ROPESGRAY.COM April 22, 2024 VIA EDGAR Securities and Exchange Commission 100 F Street, NE Washington, DC 20549 Attn: Ms. Alison White Re: Post-Effective Amendment Number 65 to the Registration Statement of Baillie Gifford Funds (File Nos. 811-10145 and 333-200831) on Form N-1A filed on February 29, 2024 Dear Ms. White

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ROPES & GRAY LLP PRUDENTIAL TOWER 800 BOYLSTON STREET BOSTON, MA 02199-3600 WWW.ROPESGRAY.COM April 21, 2023 VIA EDGAR Securities and Exchange Commission 100 F Street, NE Washington, DC 20549 Attn: Ms. Karen Rossotto Re: Post-Effective Amendment Number 63 to the Registration Statement of Baillie Gifford Funds (File Nos. 811-10145 and 333-200831) on Form N-1A filed on February 27, 2023 Dear Ms. Ros

See previously submitted notes to the financial statements for the semi-annual period ended June 30, 2022.

Portfolio of Investments September 30, 2022 (unaudited) Baillie Gifford Developed EAFE All Cap Fund Shares Value COMMON STOCKS — 94.

See previously submitted notes to the financial statements for the semi-annual period ended June 30, 2022.

NPORT-EX 2 BI80400BALGIF09302022.htm Portfolio of Investments September 30, 2022 (unaudited) Baillie Gifford Global Alpha Equities Fund Shares Value COMMON STOCKS — 98.3% AUSTRALIA — 3.9% BHP Group Ltd. 697,879 $ 17,378,081 Rio Tinto PLC 260,458 14,092,310 Woodside Energy Group Ltd. 133,521 2,719,947 34,190,338 BRAZIL — 1.6% B3 SA - Brasil Bolsa Balcao 3,928,600 9,576,889 MercadoLibre, Inc.* 5,537

See previously submitted notes to the financial statements for the semi-annual period ended June 30, 2022.

NPORT-EX 2 BI34270BALGIF09302022.htm Portfolio of Investments September 30, 2022 (unaudited) Baillie Gifford International Smaller Companies Fund Shares Value COMMON STOCKS — 98.1% AUSTRALIA — 1.8% Cleanspace Holdings Ltd.* 186,083 $ 76,178 Netwealth Group Ltd. 51,187 396,275 Vulcan Energy Resources Ltd.* 18,420 86,651 559,104 BELGIUM — 1.0% Biocartis Group NV* 21,494 18,211 Melexis NV 4,337 293,4

See previously submitted notes to the financial statements for the semi-annual period ended June 30, 2022.

Portfolio of Investments September 30, 2022 (unaudited) Baillie Gifford China A Shares Growth Fund Shares Value COMMON STOCKS — 100.

See previously submitted notes to the financial statements for the semi-annual period ended June 30, 2022.

NPORT-EX 2 BI99630BALGIF09302022.htm Portfolio of Investments September 30, 2022 (unaudited) Baillie Gifford China Equities Fund Shares Value COMMON STOCKS — 98.1% CHINA — 98.1% Alibaba Group Holding Ltd.* 12,200 $ 121,748 Asymchem Laboratories Tianjin Co., Ltd., Class A 1,360 26,440 BeiGene Ltd.* 3,191 32,904 Beijing United Information Technology Co., Ltd., Class A 2,230 33,852 Bilibili, Inc., Cl

See previously submitted notes to the financial statements for the semi-annual period ended June 30, 2022.

Portfolio of Investments September 30, 2022 (unaudited) Baillie Gifford International All Cap Fund Shares Value COMMON STOCKS — 96.

See previously submitted notes to the financial statements for the semi-annual period ended June 30, 2022.

Portfolio of Investments September 30, 2022 (unaudited) Baillie Gifford U.S. Equity Growth Fund Shares Value COMMON STOCKS — 99.3% CANADA — 4.4% Shopify, Inc., Class A * 62,028 $ 1,671,034 UNITED STATES — 94.9% 10X Genomics, Inc., Class A * 8,780 250,054 ABIOMED, Inc.* 4,392 1,078,939 Affirm Holdings, Inc.* 20,080 376,701 Alnylam Pharmaceuticals, Inc.* 6,261 1,253,202 Amazon.com, Inc.* 20,573 2,32

See previously submitted notes to the financial statements for the semi-annual period ended June 30, 2022.

Portfolio of Investments September 30, 2022 (unaudited) Baillie Gifford International Concentrated Growth Equities Fund Shares Value COMMON STOCKS — 96.

See previously submitted notes to the financial statements for the semi-annual period ended June 30, 2022.

Portfolio of Investments September 30, 2022 (unaudited) Baillie Gifford Emerging Markets ex China Fund Shares Value COMMON STOCKS — 94.

See previously submitted notes to the financial statements for the semi-annual period ended June 30, 2022.

Portfolio of Investments September 30, 2022 (unaudited) Baillie Gifford U.S. Discovery Fund Shares Value COMMON STOCKS — 97.6% ISRAEL — 2.2% JFrog Ltd.* 2,796 $ 61,820 UNITED STATES — 95.4% Adaptimmune Therapeutics PLC ADR* 10,551 11,342 AeroVironment, Inc.* 1,085 90,446 Ambarella, Inc.* 1,064 59,776 American Well Corp., Class A * 8,246 29,603 Avalara, Inc.* 387 35,527 Axon Enterprise, Inc.* 998 1

See previously submitted notes to the financial statements for the semi-annual period ended June 30, 2022.

Portfolio of Investments September 30, 2022 (unaudited) Baillie Gifford EAFE Plus All Cap Fund Shares Value COMMON STOCKS — 95.

See previously submitted notes to the financial statements for the semi-annual period ended June 30, 2022.

Portfolio of Investments September 30, 2022 (unaudited) Baillie Gifford Global Stewardship Equities Fund Shares Value COMMON STOCKS — 99.

See previously submitted notes to the financial statements for the semi-annual period ended June 30, 2022.

Portfolio of Investments September 30, 2022 (unaudited) Baillie Gifford Long Term Global Growth Fund Shares Value COMMON STOCKS — 98.

See previously submitted notes to the financial statements for the semi-annual period ended June 30, 2022.

Portfolio of Investments September 30, 2022 (unaudited) Baillie Gifford Health Innovation Equities Fund Shares Value COMMON STOCKS — 94.

See previously submitted notes to the financial statements for the semi-annual period ended June 30, 2022.

NPORT-EX 2 BI85550BALGIF09302022.htm Portfolio of Investments September 30, 2022 (unaudited) Baillie Gifford International Alpha Fund Shares Value COMMON STOCKS — 98.7% AUSTRALIA — 2.7% Cochlear Ltd. 108,506 $ 13,478,354 Rio Tinto PLC 752,377 40,708,021 54,186,375 BRAZIL — 3.7% MercadoLibre, Inc.* 91,707 75,913,220 CANADA — 3.3% Constellation Software, Inc. 19,798 27,548,078 Ritchie Bros. Auctione

See previously submitted notes to the financial statements for the semi-annual period ended June 30, 2022.

NPORT-EX 2 BI80410BALGIF09302022.htm Portfolio of Investments September 30, 2022 (unaudited) Baillie Gifford International Growth Fund Shares Value COMMON STOCKS — 97.0% AUSTRALIA — 1.9% WiseTech Global Ltd. 1,309,250 $ 42,776,523 BELGIUM — 1.8% Umicore SA 1,427,843 41,917,597 BRAZIL — 6.0% MercadoLibre, Inc.* 143,868 119,091,053 NU Holdings Ltd., Class A * 4,040,618 17,778,719 136,869,772 CHINA —

See previously submitted notes to the financial statements for the semi-annual period ended June 30, 2022.

NPORT-EX 2 BI81110BALGIF09302022.htm Portfolio of Investments September 30, 2022 (unaudited) Baillie Gifford Emerging Markets Equities Fund Shares Value COMMON STOCKS — 95.8% BRAZIL — 11.4% B3 SA - Brasil Bolsa Balcao 34,792,900 $ 84,815,897 Banco Bradesco SA ADR 20,510,963 75,480,344 MercadoLibre, Inc.* 126,107 104,388,852 Petroleo Brasileiro SA ADR 15,647,828 193,094,198 StoneCo Ltd., Class A *

See previously submitted notes to the financial statements for the annual period ended April 30, 2021.

NPORT-EX 2 BI66440BG073122.htm Portfolio of Investments July 31, 2022 (unaudited) Baillie Gifford Multi Asset Fund Shares/Principal Value POOLED INVESTMENT VEHICLES – 32.0% GUERNSEY — 3.2% International Public Partnerships Ltd. 35,962 $ 71,385 Renewables Infrastructure Group Ltd. (The) 85,414 143,585 Sequoia Economic Infrastructure Income Fund Ltd. 18,615 19,916 TwentyFour Income Fund Ltd. 110,359

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Filing by Vanguard Baillie Gifford Global Positive Impact Stock Fund (SEC File No.

SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. )

SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.

SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. )

SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.

See previously submitted notes to the financial statements for the annual period ended December 31, 2021.

NPORT-EX 2 BI80680BG033122.htm Portfolio of Investment March 31, 2022 (unaudited) Baillie Gifford EAFE Plus All Cap Fund Shares Value COMMON STOCKS — 95.6% AUSTRALIA — 2.1% Cochlear Ltd. 66,619 $ 11,122,779 BRAZIL — 2.6% MercadoLibre, Inc.* 8,043 9,566,987 Raia Drogasil SA 813,100 4,088,513 13,655,500 CHINA — 4.6% Alibaba Group Holding Ltd. ADR* 52,761 5,740,397 Baidu, Inc. ADR* 19,852 2,626,419 M

See previously submitted notes to the financial statements for the annual period ended December 31, 2021.

Portfolio of Investments March 31, 2022 (unaudited) Baillie Gifford Health Innovation Equities Fund Shares Value COMMON STOCKS — 94.

See previously submitted notes to the financial statements for the annual period ended December 31, 2021.

Portfolio of Investments March 31, 2022 (unaudited) Baillie Gifford U.S. Equity Growth Fund Shares Value COMMON STOCKS — 99.4% CANADA — 6.3% Shopify, Inc., Class A * 5,980 $ 4,042,241 UNITED STATES — 93.1% 10X Genomics, Inc., Class A * 9,579 728,674 ABIOMED, Inc.* 4,695 1,555,172 Affirm Holdings, Inc.* 21,748 1,006,497 Alnylam Pharmaceuticals, Inc.* 6,744 1,101,228 Amazon.com, Inc.* 1,101 3,589,20

See previously submitted notes to the financial statements for the annual period ended December 31, 2021.

NPORT-EX 2 BI30240BG033122.htm Portfolio of Investments March 31, 2022 (unaudited) Baillie Gifford Global Stewardship Equities Fund Shares Value COMMON STOCKS — 99.6% BRAZIL — 1.2% MercadoLibre, Inc.* 52 $ 61,853 CANADA — 3.0% Shopify, Inc., Class A * 226 152,767 CHINA — 5.6% Alibaba Group Holding Ltd.* 4,832 65,941 Baidu, Inc., Class A * 1,000 17,649 JD.com, Inc., Class A * 2,923 83,057 Meituan,

See previously submitted notes to the financial statements for the annual period ended December 31, 2021.

Portfolio of Investments March 31, 2022 (unaudited) Baillie Gifford Global Alpha Equities Fund Shares Value COMMON STOCKS — 99.

See previously submitted notes to the financial statements for the annual period ended December 31, 2021.

Portfolio of Investments March 31, 2022 (unaudited) Baillie Gifford Long Term Global Growth Fund Shares Value COMMON STOCKS — 98.

See previously submitted notes to the financial statements for the annual period ended December 31, 2021.

NPORT-EX 2 BI80820BG033122.htm Portfolio of Investments March 31, 2022 (unaudited) Baillie Gifford International All Cap Fund Shares Value COMMON STOCKS — 97.3% AUSTRALIA — 1.8% Cochlear Ltd. 38,219 $ 6,381,085 BRAZIL — 3.0% MercadoLibre, Inc.* 5,423 6,450,550 Raia Drogasil SA 890,800 4,479,212 10,929,762 CANADA — 1.4% Shopify, Inc., Class A * 7,452 5,037,254 CHINA — 10.1% Alibaba Group Holding Lt

See previously submitted notes to the financial statements for the annual period ended December 31, 2021.

Portfolio of Investments March 31, 2022 (unaudited) Baillie Gifford China Equities Fund Shares Value COMMON STOCKS — 95.

See previously submitted notes to the financial statements for the annual period ended December 31, 2021.

Portfolio of Investments March 31, 2022 (unaudited) Baillie Gifford U.S. Discovery Fund Shares Value COMMON STOCKS — 99.3% ISRAEL — 1.8% JFrog Ltd.* 2,777 $ 74,840 UNITED STATES — 97.5% Adaptimmune Therapeutics PLC ADR* 10,581 21,797 AeroVironment, Inc.* 1,077 101,389 Ambarella, Inc.* 1,057 110,900 American Well Corp., Class A * 8,001 33,684 Avalara, Inc.* 381 37,913 Axon Enterprise, Inc.* 996 137

See previously submitted notes to the financial statements for the annual period ended December 31, 2021.

Portfolio of Investments March 31, 2022 (unaudited) Baillie Gifford China A Shares Growth Fund Shares Value COMMON STOCKS — 99.

See previously submitted notes to the financial statements for the annual period ended December 31, 2021.

Portfolio of Investments March 31, 2022 (unaudited) Baillie Gifford International Concentrated Growth Equities Fund Shares Value COMMON STOCKS — 97.

See previously submitted notes to the financial statements for the annual period ended December 31, 2021.

Portfolio of Investments March 31, 2022 (unaudited) Baillie Gifford Emerging Markets Equities Fund Shares Value COMMON STOCKS — 94.

See previously submitted notes to the financial statements for the annual period ended December 31, 2021.

Portfolio of Investments March 31, 2022 (unaudited) Baillie Gifford International Alpha Fund Shares Value COMMON STOCKS — 98.

See previously submitted notes to the financial statements for the annual period ended December 31, 2021.

NPORT-EX 2 BI86020BG033122.htm Portfolio of Investments March 31, 2022 (unaudited) Baillie Gifford Developed EAFE All Cap Fund Shares Value COMMON STOCKS — 95.3% AUSTRALIA — 2.4% Cochlear Ltd. 86,608 $ 14,460,163 CHINA — 0.7% Prosus NV* 74,171 3,999,882 FRANCE — 6.8% Kering 14,179 8,951,591 LVMH Moet Hennessy Louis Vuitton SE 18,822 13,435,130 Remy Cointreau SA 65,424 13,492,201 Ubisoft Entertainm

See previously submitted notes to the financial statements for the annual period ended December 31, 2021.

Portfolio of Investments March 31, 2022 (unaudited) Baillie Gifford Positive Change Equities Fund Shares Value COMMON STOCKS — 96.

See previously submitted notes to the financial statements for the annual period ended December 31, 2021.

Portfolio of Investments March 31, 2022 (unaudited) Baillie Gifford International Smaller Companies Fund Shares Value COMMON STOCKS — 98.

See previously submitted notes to the financial statements for the annual period ended December 31, 2021.

Portfolio of Investments March 31, 2022 (unaudited) Baillie Gifford International Growth Fund Shares Value COMMON STOCKS — 96.

See previously submitted notes to the financial statements for the annual period ended December 31, 2021.

Portfolio of Investments March 31, 2022 (unaudited) Baillie Gifford Emerging Markets ex China Fund Shares Value COMMON STOCKS — 94.

Filing by Vanguard Baillie Gifford Global Positive Impact Stock Fund (SEC File No. 811-58431) pursuant to Rule 425 under the Securities Act of 1933 and deemed filed under Rule 14a-6 under the Securities Act of 1934 Subject Company: Baillie Gifford Po

Filing by Vanguard Baillie Gifford Global Positive Impact Stock Fund (SEC File No.

SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. )

SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.

See previously submitted notes to the financial statements for the annual period ended April 30, 2021.

Portfolio of Investments January 31, 2022 (unaudited) Baillie Gifford Multi Asset Fund Shares/Principal Value POOLED INVESTMENT VEHICLES – 30.

Vanguard to Expand ESG Lineup with Positive Impact Stock Fund

425 1 vvff425012022.htm Filing by Vanguard Baillie Gifford Global Positive Impact Stock Fund (811-58431) pursuant to Rule 425 under the Securities Act of 1933 and deemed filed under Rule 14a-12(b) under the Securities Act of 1934. Subject Company: Baillie Gifford Positive Change Equities Fund (SEC File No. 811-10145) For more information, contact the Vanguard PR Hotline at 610-669-5002, vanguardme

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CORRESP 1 filename1.htm December 22, 2021 VIA EDGAR Securities and Exchange Commission 100 F Street, NE Washington, DC 20549 Attn: Ms. Holly Hunter-Ceci Re: Post-Effective Amendment Number 58 to the Registration Statement of Baillie Gifford Funds (File Nos. 811-10145 and 333-200831) on Form N-1A filed on October 7, 2021 Dear Ms. Hunter-Ceci: I am writing on behalf of Baillie Gifford Funds (the “Tr

See previously submitted notes to the financial statements for the semi-annual period ended June 30, 2021.

Portfolio of Investments September 30, 2021 (unaudited) Baillie Gifford U.S. Equity Growth Fund Shares Value COMMON STOCKS — 99.0% CANADA — 8.5% Shopify, Inc., Class A * 9,194 $ 12,465,041 UNITED STATES — 90.5% 10X Genomics, Inc., Class A * 14,468 2,106,251 ABIOMED, Inc.* 7,361 2,396,153 Affirm Holdings, Inc.* 24,180 2,880,563 Alnylam Pharmaceuticals, Inc.* 10,420 1,967,400 Amazon.com, Inc.* 2,239

See previously submitted notes to the financial statements for the semi-annual period ended June 30, 2021.

Portfolio of Investments September 30, 2021 (unaudited) Baillie Gifford Developed EAFE All Cap Fund Shares Value COMMON STOCKS — 96.

See previously submitted notes to the financial statements for the semi-annual period ended June 30, 2021.

Portfolio of Investments September 30, 2021 (unaudited) Baillie Gifford Positive Change Equities Fund Shares Value COMMON STOCKS — 94.

See previously submitted notes to the financial statements for the semi-annual period ended June 30, 2021.

Portfolio of Investments September 30, 2021 (unaudited) Baillie Gifford Global Stewardship Equities Fund Shares Value COMMON STOCKS — 99.

See previously submitted notes to the financial statements for the semi-annual period ended June 30, 2021.

Portfolio of Investments September 30, 2021 (unaudited) Baillie Gifford China Equities Fund Shares Value COMMON STOCKS — 98.

See previously submitted notes to the financial statements for the semi-annual period ended June 30, 2021.

Portfolio of Investments September 30, 2021 (unaudited) Baillie Gifford International Concentrated Growth Equities Fund Shares Value COMMON STOCKS — 98.

See previously submitted notes to the financial statements for the semi-annual period ended June 30, 2021.

Portfolio of Investments September 30, 2021 (unaudited) Baillie Gifford U.S. Discovery Fund Shares Value COMMON STOCKS — 98.4% ISRAEL — 1.7% JFrog Ltd.* 856 $ 28,676 UNITED STATES — 96.7% Adaptimmune Therapeutics PLC ADR* 3,178 16,430 AeroVironment, Inc.* 329 28,399 Ambarella, Inc.* 383 59,648 American Well Corp., Class A * 2,462 22,429 Axogen, Inc.* 929 14,678 Axon Enterprise, Inc.* 303 53,031 Ba

See previously submitted notes to the financial statements for the semi-annual period ended June 30, 2021.

Portfolio of Investments September 30, 2021 (unaudited) Baillie Gifford International Alpha Fund Shares Value COMMON STOCKS — 99.

See previously submitted notes to the financial statements for the semi-annual period ended June 30, 2021.

Portfolio of Investments September 30, 2021 (unaudited) Baillie Gifford China A Shares Growth Fund Shares Value COMMON STOCKS — 100.

See previously submitted notes to the financial statements for the semi-annual period ended June 30, 2021.

Portfolio of Investments September 30, 2021 (unaudited) Baillie Gifford Long Term Global Growth Fund Shares Value COMMON STOCKS — 98.

See previously submitted notes to the financial statements for the semi-annual period ended June 30, 2021.

Portfolio of Investments September 30, 2021 (unaudited) Baillie Gifford International Smaller Companies Fund Shares Value COMMON STOCKS — 98.

See previously submitted notes to the financial statements for the semi-annual period ended June 30, 2021.

Portfolio of Investments September 30, 2021 (unaudited) Baillie Gifford International Growth Fund Shares Value COMMON STOCKS — 96.

See previously submitted notes to the financial statements for the semi-annual period ended June 30, 2021.

Portfolio of Investments September 30, 2021 (unaudited) Baillie Gifford Emerging Markets Equities Fund Shares Value COMMON STOCKS — 97.

See previously submitted notes to the financial statements for the semi-annual period ended June 30, 2021.

Portfolio of Investments September 30, 2021 (unaudited) Baillie Gifford Global Alpha Equities Fund Shares Value COMMON STOCKS — 98.

See previously submitted notes to the financial statements for the semi-annual period ended June 30, 2021.

Portfolio of Investments September 30, 2021 (unaudited) Baillie Gifford International All Cap Fund Shares Value COMMON STOCKS — 96.

See previously submitted notes to the financial statements for the semi-annual period ended June 30, 2021.

Portfolio of Investments September 30, 2021 (unaudited) Baillie Gifford EAFE Plus All Cap Fund Shares Value COMMON STOCKS — 95.

ROPES & GRAY LLP

ROPES & GRAY LLP PRUDENTIAL TOWER 800 BOYLSTON STREET BOSTON, MA 02199-3600 WWW.ROPESGRAY.COM Christopher Labosky T +1 617 235 4732 [email protected] October 7, 2021 BY EDGAR Securities and Exchange Commission 100 F Street, N.E. Washington, D.C. 20549 Re: Baillie Gifford Funds (Registration Nos. 333-200831 and 811-10145) Ladies and Gentlemen: Transmitted herewith for filing by mean

See previously submitted notes to the financial statements for the annual period ended April 30, 2021.

Portfolio of Investments July 31, 2021 (unaudited) Baillie Gifford Multi Asset Fund Shares/Principal Value POOLED INVESTMENT VEHICLES – 28.

ROPES & GRAY LLP

ROPES & GRAY LLP PRUDENTIAL TOWER 800 BOYLSTON STREET BOSTON, MA 02199-3600 WWW.ROPESGRAY.COM August 13, 2021 Christopher Labosky T +1 617 235 4732 [email protected] VIA EDGAR Securities and Exchange Commission 100 F Street, NE Washington, DC 20549 Attn: Ms. Megan Miller Re: Baillie Gifford Funds (File Nos. 811-10145 and 333-200831) ? Responses to Comments Regarding Shareholder Rep

See previously submitted notes to the financial statements for the annual period ended December 31, 2020.

Portfolio of Investments March 31, 2021 (unaudited) Baillie Gifford Positive Change Equities Fund Shares Value COMMON STOCKS — 94.

See previously submitted notes to the financial statements for the annual period ended December 31, 2020.

Portfolio of Investments March 31, 2021 (unaudited) Baillie Gifford Emerging Markets Equities Fund Shares Value COMMON STOCKS — 97.

See previously submitted notes to the financial statements for the annual period ended December 31, 2020.

Portfolio of Investments March 31, 2021 (unaudited) Baillie Gifford U.S. Equity Growth Fund Shares Value COMMON STOCKS — 99.0% CANADA — 7.6% Shopify, Inc., Class A * 9,381 $ 10,380,077 UNITED STATES — 91.4% ABIOMED, Inc.* 7,192 2,292,306 Affirm Holdings, Inc.* 12,629 893,123 Alnylam Pharmaceuticals, Inc.* 10,402 1,468,658 Amazon.com, Inc.* 3,164 9,789,669 Appian Corp.* 19,161 2,547,455 Carvana Co.

See previously submitted notes to the financial statements for the annual period ended December 31, 2020.

Portfolio of Investments March 31, 2021 (unaudited) Baillie Gifford International Alpha Fund Shares Value COMMON STOCKS — 97.

See previously submitted notes to the financial statements for the annual period ended December 31, 2020.

Portfolio of Investments March 31, 2021 (unaudited) Baillie Gifford International Concentrated Growth Equities Fund Shares Value COMMON STOCKS — 98.

See previously submitted notes to the financial statements for the annual period ended December 31, 2020.

Portfolio of Investments March 31, 2021 (unaudited) Baillie Gifford China A Shares Fund Shares Value COMMON STOCKS — 100.

See previously submitted notes to the financial statements for the annual period ended December 31, 2020.

Portfolio of Investments March 31, 2021 (unaudited) Baillie Gifford International Growth Fund Shares Value COMMON STOCKS — 97.

See previously submitted notes to the financial statements for the annual period ended December 31, 2020.

Portfolio of Investments March 31, 2021 (unaudited) Baillie Gifford Developed EAFE All Cap Fund Shares Value COMMON STOCKS — 95.

See previously submitted notes to the financial statements for the annual period ended December 31, 2020.

Portfolio of Investments March 31, 2021 (unaudited) Baillie Gifford EAFE Plus All Cap Fund Shares Value COMMON STOCKS — 94.

See previously submitted notes to the financial statements for the annual period ended December 31, 2020.

Portfolio of Investments March 31, 2021 (unaudited) Baillie Gifford Global Stewardship Equities Fund Shares Value COMMON STOCKS — 98.

See previously submitted notes to the financial statements for the annual period ended December 31, 2020.

Portfolio of Investments March 31, 2021 (unaudited) Baillie Gifford International Smaller Companies Fund Shares Value COMMON STOCKS — 98.

See previously submitted notes to the financial statements for the annual period ended December 31, 2020.

Portfolio of Investments March 31, 2021 (unaudited) Baillie Gifford International All Cap Fund Shares Value COMMON STOCKS — 96.

See previously submitted notes to the financial statements for the annual period ended December 31, 2020.

Portfolio of Investments March 31, 2021 (unaudited) Baillie Gifford Long Term Global Growth Fund Shares Value COMMON STOCKS — 97.

See previously submitted notes to the financial statements for the annual period ended December 31, 2020.

Portfolio of Investments March 31, 2021 (unaudited) Baillie Gifford Global Alpha Equities Fund Shares Value COMMON STOCKS — 98.

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Christopher Labosky T +1 617 235 4732 F +1 617 235 9475 [email protected] April 20, 2021 VIA EDGAR Securities and Exchange Commission 100 F Street, NE Washington, DC 20549 Attn: Ms. Karen Rossotto Re: Post-Effective Amendment Number 53 to the Registration Statement of Baillie Gifford Funds (File Nos. 811-10145 and 333-200831) on Form N-1A filed on February 11, 2021 Dear Ms. Rossott

See previously submitted notes to the financial statements for the annual period ended April 30, 2020.

Portfolio of Investments January 31, 2021 (unaudited) Baillie Gifford Multi Asset Fund Shares/Principal Value POOLED INVESTMENT VEHICLES – 31.

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COVER 13 filename13.htm ROPES & GRAY LLP PRUDENTIAL TOWER 800 BOYLSTON STREET BOSTON, MA 02199-3600 WWW.ROPESGRAY.COM February 11, 2021 Christopher D. Labosky T +1 617 235 4732 [email protected] BY EDGAR Securities and Exchange Commission 100 F Street, N.E. Washington, D.C. 20549 Re: Baillie Gifford Funds (Registration Nos. 333-200831 and 811-10145) Ladies and Gentlemen: Transmitte

See previously submitted notes to the financial statements for the semi-annual period ended June 30, 2020.

Portfolio of Investments September 30, 2020 (unaudited) Baillie Gifford Global Stewardship Equities Fund Shares Value COMMON STOCKS — 97.

See previously submitted notes to the financial statements for the semi-annual period ended June 30, 2020.

Portfolio of Investments September 30, 2020 (unaudited) Baillie Gifford Positive Change Equities Fund Shares Value COMMON STOCKS — 96.

See previously submitted notes to the financial statements for the semi-annual period ended June 30, 2020.

Portfolio of Investments September 30, 2020 (unaudited) Baillie Gifford International Alpha Fund Shares Value COMMON STOCKS — 99.

See previously submitted notes to the financial statements for the semi-annual period ended June 30, 2020.

Portfolio of Investments September 30, 2020 (unaudited) Baillie Gifford Long Term Global Growth Fund Shares Value COMMON STOCKS — 97.

See previously submitted notes to the financial statements for the semi-annual period ended June 30, 2020.

Portfolio of Investments September 30, 2020 (unaudited) Baillie Gifford International Growth Fund Shares Value COMMON STOCKS — 98.

See previously submitted notes to the financial statements for the semi-annual period ended June 30, 2020.

Portfolio of Investments September 30, 2020 (unaudited) Baillie Gifford International All Cap Fund Shares Value COMMON STOCKS — 96.

See previously submitted notes to the financial statements for the semi-annual period ended June 30, 2020.

Portfolio of Investments September 30, 2020 (unaudited) Baillie Gifford China A Shares Fund Shares Value COMMON STOCKS — 99.

See previously submitted notes to the financial statements for the semi-annual period ended June 30, 2020.

Portfolio of Investments September 30, 2020 (unaudited) Baillie Gifford Global Alpha Equities Fund Shares Value COMMON STOCKS — 99.

See previously submitted notes to the financial statements for the semi-annual period ended June 30, 2020.

Portfolio of Investments September 30, 2020 (unaudited) Baillie Gifford U.S. Equity Growth Fund Shares Value COMMON STOCKS — 98.3% CANADA — 8.7% Shopify, Inc., Class A * 6,698 $ 6,851,853 UNITED STATES — 89.6% ABIOMED, Inc.* 4,845 1,342,356 Alnylam Pharmaceuticals, Inc.* 6,848 997,069 Alphabet, Inc., Class C * 1,406 2,066,258 Amazon.com, Inc.* 2,391 7,528,613 Appian Corp., Class A * 16,131 1,044,4

See previously submitted notes to the financial statements for the semi-annual period ended June 30, 2020.

Portfolio of Investments September 30, 2020 (unaudited) Baillie Gifford Emerging Markets Equities Fund Shares Value COMMON STOCKS — 95.

See previously submitted notes to the financial statements for the semi-annual period ended June 30, 2020.

Portfolio of Investments September 30, 2020 (unaudited) Baillie Gifford International Concentrated Growth Equities Fund Shares Value COMMON STOCKS — 100.

See previously submitted notes to the financial statements for the semi-annual period ended June 30, 2020.

Portfolio of Investments September 30, 2020 (unaudited) Baillie Gifford EAFE Plus All Cap Fund Shares Value COMMON STOCKS — 95.

See previously submitted notes to the financial statements for the semi-annual period ended June 30, 2020.

Portfolio of Investments September 30, 2020 (unaudited) Baillie Gifford International Smaller Companies Fund Shares Value COMMON STOCKS — 97.

See previously submitted notes to the financial statements for the semi-annual period ended June 30, 2020.

Portfolio of Investments September 30, 2020 (unaudited) Baillie Gifford Developed EAFE All Cap Fund Shares Value COMMON STOCKS — 96.

See previously submitted notes to the financial statements for the annual period ended April 30, 2020.

Portfolio of Investments July 31, 2020 (unaudited) Baillie Gifford Multi Asset Fund Shares/Principal Value POOLED INVESTMENT VEHICLES – 37.

See previously submitted notes to the financial statements for the annual period ended December 31, 2019.

Portfolio of Investments March 31, 2020 (unaudited) Baillie Gifford International All Cap Fund Shares Value COMMON STOCKS — 97.

See previously submitted notes to the financial statements for the annual period ended December 31, 2019.

Portfolio of Investments March 31, 2020 (unaudited) Baillie Gifford International Alpha Fund Shares Value COMMON STOCKS — 98.

See previously submitted notes to the financial statements for the annual period ended December 31, 2019.

Portfolio of Investments March 31, 2020 (unaudited) Baillie Gifford International Smaller Companies Fund Shares Value COMMON STOCKS — 98.

See previously submitted notes to the financial statements for the annual period ended December 31, 2019.

Portfolio of Investments March 31, 2020 (unaudited) Baillie Gifford Long Term Global Growth Fund Shares Value COMMON STOCKS — 98.

See previously submitted notes to the financial statements for the annual period ended December 31, 2019.

Portfolio of Investments March 31, 2020 (unaudited) Baillie Gifford U.S. Equity Growth Fund Shares Value COMMON STOCKS — 98.4% CANADA — 7.0% Shopify, Inc., Class A * 2,855 $ 1,190,335 UNITED STATES — 91.4% ABIOMED, Inc.* 2,059 298,884 Activision Blizzard, Inc.* 2,443 145,310 Alnylam Pharmaceuticals, Inc.* 2,979 324,264 Alphabet, Inc., Class C * 604 702,337 Amazon.com, Inc.* 1,017 1,982,865 Appian

See previously submitted notes to the financial statements for the annual period ended December 31, 2019.

Portfolio of Investments March 31, 2020 (unaudited) Baillie Gifford Positive Change Equities Fund Shares Value COMMON STOCKS — 95.

See previously submitted notes to the financial statements for the annual period ended December 31, 2019.

Portfolio of Investments March 31, 2020 (unaudited) Baillie Gifford Emerging Markets Equities Fund Shares Value COMMON STOCKS — 96.

See previously submitted notes to the financial statements for the annual period ended December 31, 2019.

Portfolio of Investments March 31, 2020 (unaudited) Baillie Gifford International Concentrated Growth Equities Fund Shares Value COMMON STOCKS — 96.

See previously submitted notes to the financial statements for the annual period ended December 31, 2019.

Portfolio of Investments March 31, 2020 (unaudited) Baillie Gifford Global Alpha Equities Fund Shares Value COMMON STOCKS — 98.

See previously submitted notes to the financial statements for the annual period ended December 31, 2019.

Portfolio of Investments March 31, 2020 (unaudited) Ballie Gifford China A Shares Fund Shares Value COMMON STOCKS ? 98.

See previously submitted notes to the financial statements for the annual period ended December 31, 2019.

Portfolio of Investments March 31, 2020 (unaudited) Baillie Gifford EAFE Plus All Cap Fund Shares Value COMMON STOCKS — 96.

See previously submitted notes to the financial statements for the annual period ended December 31, 2019.

Portfolio of Investments March 31, 2020 (unaudited) Baillie Gifford Global Stewardship Equities Fund Shares Value COMMON STOCKS — 98.

See previously submitted notes to the financial statements for the annual period ended December 31, 2019.

Portfolio of Investments March 31, 2020 (unaudited) Baillie Gifford Developed EAFE All Cap Fund Shares Value COMMON STOCKS — 97.

See previously submitted notes to the financial statements for the annual period ended December 31, 2019.

Portfolio of Investments March 31, 2020 (unaudited) Baillie Gifford International Growth Fund Shares Value COMMON STOCKS — 96.

- DEF 14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 BAILLIE GIFFORD FUNDS SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant x Filed by a Party other than the Registrant o Check the appropriate box: o Preliminary Proxy Statement o Confidential, for Use of the Commission Only (as permitted by Rul

-

CORRESP 1 filename1.htm ROPES & GRAY LLP PRUDENTIAL TOWER 800 BOYLSTON STREET BOSTON, MA 02199-3600 WWW.ROPESGRAY.COM April 21, 2020 Christopher Labosky T +1 617 235 4732 F +1 617 235 9475 [email protected] VIA EDGAR Securities and Exchange Commission 100 F Street, NE Washington, DC 20549 Attn: Ms. Alison White Re: Post-Effective Amendment Number 48 to the Registration Statement of

See previously submitted notes to the financial statements for the semi-annual period ended October 31, 2019.

Portfolio of Investments January 31, 2020 (unaudited) Baillie Gifford Multi Asset Fund Shares/Principal Value POOLED INVESTMENT VEHICLES – 31.

2

ROPES & GRAY LLP PRUDENTIAL TOWER 800 BOYLSTON STREET BOSTON, MA 02199-3600 WWW.ROPESGRAY.COM February 12, 2020 Shirin Baradaran T +1 617 951 7329 [email protected] BY EDGAR Securities and Exchange Commission 100 F Street, N.E. Washington, D.C. 20549 Re: Baillie Gifford Funds (Registration Nos. 333-200831 and 811-10145) Ladies and Gentlemen: Transmitted herewith for filing by means of

BGGSX / Baillie Gifford U.S. Equity Growth Fund CORRESP - -

CORRESP 1 filename1.htm ROPES & GRAY LLP PRUDENTIAL TOWER 800 BOYLSTON STREET BOSTON, MA 02199-3600 WWW.ROPESGRAY.COM December 12, 2019 Christopher Labosky T +1 617 235 4732 F +1 617 235 9475 [email protected] VIA EDGAR Securities and Exchange Commission 100 F Street, NE Washington, DC 20549 Attn: Ms. Rebecca Marquigny Re: Post-Effective Amendment Number 44 to the Registration Stat

BGPTX / Baillie Gifford Developed EAFE All Cap Fund NPORT-EX - -

Portfolio of Investments September 30, 2019 (unaudited) EAFE Pure Fund Shares Value COMMON STOCKS — 97.

BPESX / Baillie Gifford Positive Change Equities Fund NPORT-EX - -

Portfolio of Investments September 30, 2019 (unaudited) Positive Change Equity Fund Shares Value COMMON STOCKS — 99.

BGSSX / Baillie Gifford Global Stewardship Equities Fund NPORT-EX - -

Portfolio of Investments September 30, 2019 (unaudited) Global Select Equity Fund Shares Value COMMON STOCKS — 99.

BGALX / Baillie Gifford Global Alpha Equities Fund NPORT-EX - -

Portfolio of Investments September 30, 2019 (unaudited) Global Alpha Equity Fund Shares Value COMMON STOCKS — 94.

BTLSX / Baillie Gifford International Concentrated Growth Equities Fund NPORT-EX - -

Portfolio of Investments September 30, 2019 (unaudited) International Concentrated Growth Fund Shares Value COMMON STOCKS — 99.

BGLTX / Baillie Gifford Long Term Global Growth Fund NPORT-EX - -

Portfolio of Investments September 30, 2019 (unaudited) Long Term Global Growth Equity Fund Shares Value COMMON STOCKS — 98.

Baillie Gifford Funds NPORT-EX - -

Portfolio of Investments September 30, 2019 (unaudited) International Choice Fund Shares Value COMMON STOCKS — 96.

BGGSX / Baillie Gifford U.S. Equity Growth Fund NPORT-EX - -

Portfolio of Investments September 30, 2019 (unaudited) U.S. Equity Growth Fund Shares Value COMMON STOCKS — 99.9% CANADA — 6.1% Shopify, Inc., Class A * 2,924 $ 911,294 UNITED STATES — 93.8% 2U, Inc.* 3,128 50,924 ABIOMED, Inc.* 1,928 342,972 Activision Blizzard, Inc. 2,280 120,658 Agios Pharmaceuticals, Inc.* 1,769 57,316 Alnylam Pharmaceuticals, Inc.* 2,425 195,018 Alphabet, Inc., Class C * 569

BGITX / Baillie Gifford International Alpha Fund NPORT-EX - -

Portfolio of Investments September 30, 2019 (unaudited) International Equity Fund Shares Value COMMON STOCKS — 98.

BICKX / Baillie Gifford International Smaller Companies Fund NPORT-EX - -

Portfolio of Investments September 30, 2019 (unaudited) International Smaller Companies Fund Shares Value COMMON STOCKS — 100.

BGEHX / Baillie Gifford Emerging Markets Equities Fund NPORT-EX - -

Portfolio of Investments September 30, 2019 (unaudited) Emerging Markets Fund Shares Value COMMON STOCKS — 95.

BGCWX / Baillie Gifford EAFE Choice Fund NPORT-EX - -

Portfolio of Investments September 30, 2019 (unaudited) EAFE Choice Fund Shares Value COMMON STOCKS — 96.

BGETX / Baillie Gifford EAFE Fund NPORT-EX - -

Portfolio of Investments September 30, 2019 (unaudited) EAFE Fund Shares Value COMMON STOCKS — 97.

Baillie Gifford Funds NPORT-EX - -

Portfolio of Investments July 31, 2019 (unaudited) The Multi Asset Fund Shares/Principal Value POOLED INVESTMENT VEHICLES — 29.

ROPES & GRAY LLP

ROPES & GRAY LLP PRUDENTIAL TOWER 800 BOYLSTON STREET BOSTON, MA 02199-3600 WWW.ROPESGRAY.COM Christopher Labosky T +1 617 235 4732 [email protected] September 23, 2019 BY EDGAR Securities and Exchange Commission 100 F Street, N.E. Washington, D.C. 20549 Re: Baillie Gifford Funds (Registration Nos. 333-200831 and 811-10145) Ladies and Gentlemen: Transmitted herewith for filing by m

Baillie Gifford Funds NPORT-EX - -

NPORT-EX 1 BaillieGiffordFunds.htm Portfolio of Investments March 31, 2019 (unaudited) EAFE Fund Shares Value COMMON STOCKS — 97.8% ARGENTINA — 2.3% MercadoLibre, Inc.* 120,575 $ 61,219,545 AUSTRIA — 0.5% ams AG* 498,284 13,469,897 BELGIUM — 2.2% Umicore SA 1,294,218 57,602,665 CHINA — 16.9% Alibaba Group Holding Ltd. ADR* 664,016 121,149,719 Baidu, Inc. ADR* 395,642 65,221,584 Meituan Dianping, C

Baillie Gifford Funds CORRESP - -

CORRESP 1 filename1.htm ROPES & GRAY LLP PRUDENTIAL TOWER 800 BOYLSTON STREET BOSTON, MA 02199-3600 WWW.ROPESGRAY.COM Christopher Labosky T +1 617 235 4732 F +1 617 235 9475 [email protected] April 26, 2019 VIA EDGAR Securities and Exchange Commission 100 F Street, NE Washington, DC 20549 Attn: Ms. Alison White Re: Post-Effective Amendment Number 39 to the Registration Statement of

Baillie Gifford Funds CORRESP - -

CORRESP 1 filename1.htm ROPES & GRAY LLP PRUDENTIAL TOWER 800 BOYLSTON STREET BOSTON, MA 02199-3600 WWW.ROPESGRAY.COM April 23, 2019 Christopher Labosky T +1 617 235 4732 F +1 617 235 9475 [email protected] VIA EDGAR Securities and Exchange Commission 100 F Street, NE Washington, DC 20549 Attn: Ms. Alison White Re: Post-Effective Amendment Number 39 to the Registration Statement of

Baillie Gifford Funds N-Q (Quarterly Schedule of Portfolio Holdings)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-10145 Baillie Gifford Funds (Exact name of registrant as specified in charter) 1 Greenside Row Edinburgh, Scotland, UK, EH1 3AN (Address of principal executive offices) (Zip code) Gareth Griffith

Certification Pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act

EX-99.CERT 2 a19-36831ex99dcert.htm EX-99.CERT Exhibit 99.CERT Certification Pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act I, David Salter, certify that: 1. I have reviewed this report on Form N-Q of Baillie Gifford Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessar

ROPES & GRAY LLP

ROPES & GRAY LLP PRUDENTIAL TOWER 800 BOYLSTON STREET BOSTON, MA 02199-3600 WWW.ROPESGRAY.COM February 28, 2019 Abigail Jeck T +1 617 854 2621 [email protected] BY EDGAR Securities and Exchange Commission 100 F Street, N.E. Washington, D.C. 20549 Re: Baillie Gifford Funds (Registration Nos. 333-200831 and 811-10145) Ladies and Gentlemen: Transmitted herewith for filing by means of electro

Baillie Gifford Funds WITHDRAWAL OF AMENDMENT TO A REGISTRATION STATEMENT

December 18, 2018 VIA EDGAR Securities and Exchange Commission Division of Investment Management Attn: Ms.

Baillie Gifford Funds CORRESP

CORRESP 1 filename1.htm ROPES & GRAY LLP PRUDENTIAL TOWER 800 BOYLSTON STREET BOSTON, MA 02199-3600 WWW.ROPESGRAY.COM December 14, 2018 Abigail Jeck T +1 617 854 2621 F +1 617 235 9475 [email protected] VIA EDGAR Securities and Exchange Commission 100 F Street, NE Washington, DC 20549 Attn: Ms. Alison White Re: Post-Effective Amendment Number 31 to the Registration Statement of Baillie Gi

Baillie Gifford Funds N-Q (Quarterly Schedule of Portfolio Holdings)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-10145 Baillie Gifford Funds (Exact name of registrant as specified in charter) 1 Greenside Row Edinburgh, Scotland, UK, EH1 3AN (Address of principal executive offices) (Zip code) Gareth Griffith

Certification Pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act

EX-99.CERT 2 a18-394001ex99dcert.htm EX-99.CERT Exhibit 99.CERT Certification Pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act I, David Salter, certify that: 1. I have reviewed this report on Form N-Q of Baillie Gifford Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessa

ROPES & GRAY LLP

COVER 7 filename7.htm ROPES & GRAY LLP PRUDENTIAL TOWER 800 BOYLSTON STREET BOSTON, MA 02199-3600 WWW.ROPESGRAY.COM Christopher Labosky T +1 617 235 4732 [email protected] October 5, 2018 BY EDGAR Securities and Exchange Commission 100 F Street, N.E. Washington, D.C. 20549 Re: Baillie Gifford Funds (Registration Nos. 333-200831 and 811-10145) Ladies and Gentlemen: Transmitted herew

Baillie Gifford Funds CORRESP

ROPES & GRAY LLP PRUDENTIAL TOWER 800 BOYLSTON STREET BOSTON, MA 02199-3600 WWW.ROPESGRAY.COM September 28, 2018 Christopher D. Labosky T +1 617 235 4732 F +1 617 235 9475 [email protected] VIA EDGAR Securities and Exchange Commission 100 F Street, NE Washington, DC 20549 Attn: Ms. Alison White Re: Post-Effective Amendment Number 17 to the Registration Statement of Baillie Gifford

Certification Pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act

Exhibit 99.CERT Certification Pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act I, David Salter, certify that: 1. I have reviewed this report on Form N-Q of Baillie Gifford Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the

Baillie Gifford Funds N-Q (Quarterly Schedule of Portfolio Holdings)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-10145 Baillie Gifford Funds (Exact name of registrant as specified in charter) 1 Greenside Row Edinburgh, Scotland, UK, EH1 3AN (Address of principal executive offices) (Zip code) Gareth Griffith

Baillie Gifford Funds CORRESP

ROPES & GRAY LLP PRUDENTIAL TOWER 800 BOYLSTON STREET BOSTON, MA 02199-3600 WWW.ROPESGRAY.COM May 2, 2018 Christopher Labosky T +1 617 235 4732 [email protected] VIA EDGAR Securities and Exchange Commission 100 F Street, NE Washington, DC 20549 Attn: Mr. Tony Burak Re: Baillie Gifford Funds (File Nos. 811-10145 and 333-200831) — Responses to Comments Regarding Shareholder Report on

ROPES & GRAY LLP

ROPES & GRAY LLP PRUDENTIAL TOWER 800 BOYLSTON STREET BOSTON, MA 02199-3600 WWW.ROPESGRAY.COM Christopher Labosky T +1 617 235 4732 [email protected] February 2, 2018 BY EDGAR Securities and Exchange Commission 100 F Street, N.E. Washington, D.C. 20549 Re: Baillie Gifford Funds (Registration Nos. 333-200831 and 811-10145) Ladies and Gentlemen: Transmitted herewith for filing by mea

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-10145 Baillie Gifford Funds (Exact name of registrant as specified in charter) 1 Greenside Row Edinburgh, Scotland, UK, EH1 3AN (Address of principal executive offices) (Zip code) Gareth Griffith

Certification Pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act

EX-99.CERT 2 a17-261131ex99dcert.htm EX-99.CERT Exhibit 99.CERT Certification Pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act I, David Salter, certify that: 1. I have reviewed this report on Form N-Q of Baillie Gifford Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessa

Certification Pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act

Exhibit 99.CERT Certification Pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act I, David Salter, certify that: 1. I have reviewed this report on Form N-Q of Baillie Gifford Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the

Baillie Gifford Funds - N-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-10145 Baillie Gifford Funds (Exact name of registrant as specified in charter) 1 Greenside Row Edinburgh, Scotland, UK, EH1 3AN (Address of principal executive offices) (Zip code) Gareth Griffith

2

ROPES & GRAY LLP PRUDENTIAL TOWER 800 BOYLSTON STREET BOSTON, MA 02199-3600 WWW.ROPESGRAY.COM September 26, 2017 Christopher D. Labosky T +1 617 235 4732 F +1 617 235 9475 [email protected] VIA EDGAR Securities and Exchange Commission 100 F Street, NE Washington, DC 20549 Attn: Ms. Karen Rossotto Re: Post-Effective Amendment Number 14 to the Registration Statement of Baillie Giffor

2

ROPES & GRAY LLP PRUDENTIAL TOWER 800 BOYLSTON STREET BOSTON, MA 02199-3600 WWW.ROPESGRAY.COM September 26, 2017 Christopher D. Labosky T +1 617 235 4732 F +1 617 235 9475 [email protected] VIA EDGAR Securities and Exchange Commission 100 F Street, NE Washington, DC 20549 Attn: Ms. Karen Rossotto Re: Baillie Gifford Funds (File Nos. 811-10145 and 333-200831) (the “Trust”) — Respons

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-10145 Baillie Gifford Funds (Exact name of registrant as specified in charter) 1 Greenside Row Edinburgh, Scotland, UK, EH1 3AN (Address of principal executive offices) (Zip code) Gareth Griffith

Certification Pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act

EX-99.CERT 2 a17-122911ex99dcert.htm EX-99.CERT Exhibit 99.CERT Certification Pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act I, David Salter, certify that: 1. I have reviewed this report on Form N-Q of Baillie Gifford Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessa

Baillie Gifford Funds - N-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-10145 Baillie Gifford Funds (Exact name of registrant as specified in charter) 1 Greenside Row Edinburgh, Scotland, UK, EH1 3AN (Address of principal executive offices) (Zip code) Gareth Griffith

Certification Pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act

EX-99.CERT 2 a16-210731ex99dcert.htm EX-99.CERT Exhibit 99.CERT Certification Pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act I, David Salter, certify that: 1. I have reviewed this report on Form N-Q of Baillie Gifford Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessa

Certification Pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act

EX-99.CERT 2 a16-108921ex99dcert.htm EX-99.CERT Exhibit 99.CERT Certification Pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act I, David Salter, certify that: 1. I have reviewed this report on Form N-Q of Baillie Gifford Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessa

Baillie Gifford Funds - N-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-10145 Baillie Gifford Funds (Exact name of registrant as specified in charter) 1 Greenside Row Edinburgh, Scotland, UK, EH1 3AN (Address of principal executive offices) (Zip code) Gareth Griffith

As filed with the Securities and Exchange Commission on April 29, 2016 FORM N-18F-1 U.S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 NOTIFICATION OF ELECTION PURSUANT TO RULE 18F-1 UNDER THE INVESTMENT COMPANY ACT OF 1940

As filed with the Securities and Exchange Commission on April 29, 2016 FORM N-18F-1 U.

* * *

ROPES & GRAY LLP PRUDENTIAL TOWER 800 BOYLSTON STREET BOSTON, MA 02199-3600 WWW.ROPESGRAY.COM April 29, 2016 George B. Raine T +1 617 951 7556 F +1 617 235 7447 [email protected] VIA EDGAR Securities and Exchange Commission 100 F Street, NE Washington, DC 20549 Attn: Ms. Karen Rossotto Re: Post Effective Amendment Number 25 to the Registration Statement of Baillie Gifford Funds (File Nos.

Baillie Gifford Funds - N-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-10145 Baillie Gifford Funds (Exact name of registrant as specified in charter) 1 Greenside Row Edinburgh, Scotland, UK, EH1 3AN (Address of principal executive offices) (Zip code) Gareth Griffith

Certification Pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act

EX-99.CERT 2 a15-210641ex99dcert.htm EX-99.CERT Exhibit 99.CERT Certification Pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act I, Peter Hadden, certify that: 1. I have reviewed this report on Form N-Q of Baillie Gifford Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessa

Certification Pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act

Exhibit 99.CERT Certification Pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act I, Peter Hadden, certify that: 1. I have reviewed this report on Form N-Q of Baillie Gifford Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the

Baillie Gifford Funds - N-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-10145 Baillie Gifford Funds (Exact name of registrant as specified in charter) 1 Greenside Row Edinburgh, Scotland, UK, EH1 3AN (Address of principal executive offices) (Zip code) Angus NG Macdon

Distribution Agreement between Baillie Gifford Funds Services LLC and the Registrant, dated February 27, 2015, incorporated by reference to Pre-Effective Amendment No. 1 to the registration statement of the Trust on Form N-1A filed April 2, 2015.

Exhibit e DISTRIBUTION AGREEMENT between BAILLIE GIFFORD FUNDS and BAILLIE GIFFORD FUNDS SERVICES LLC February 27, 2015 Baillie Gifford Funds, a Massachusetts business trust (the ?Trust?), is registered as an open-end management investment company under the Investment Company Act of 1940, as amended (the ?1940 Act?), and has registered shares of beneficial interest thereof listed on Appendix A (?S

Baillie Gifford Funds

Exhibit h(ix) Baillie Gifford Funds c/o Baillie Gifford Overseas Limited Calton Square 1 Greenside Row Edinburgh, Scotland United Kingdom EH1 3AN Baillie Gifford Overseas Limited Registered Office: Calton Square 1 Greenside Row Edinburgh EH1 3AN Telephone +44 131 275 2000 Fax +44 131 275 3999 February 27, 2015 www.

BAILLIE GIFFORD FUNDS Plan pursuant to Rule 18f-3 under the Investment Company Act of 1940 Effective June 29, 2000 Amended as of September 26, 2014

EX-99.N 13 a14-257735ex99dn.htm EX-99.N Exhibit n BAILLIE GIFFORD FUNDS Plan pursuant to Rule 18f-3 under the Investment Company Act of 1940 Effective June 29, 2000 Amended as of September 26, 2014 This Plan (the “Plan”) is adopted by Baillie Gifford Funds (the “Trust”), an open-end investment management company, pursuant to Rule 18f-3 under the Investment Company Act of 1940, as amended (the “Act

Shareholder Servicing Agreement between the Registrant and Baillie Gifford Overseas Limited, dated January 1, 2015, incorporated by reference to Pre-Effective Amendment No. 1 to the registration statement of the Trust on Form N-1A filed April 2, 2015.

Exhibit h(viii) SHAREHOLDER SERVICING AGREEMENT FOR THE BAILLIE GIFFORD FUNDS SHAREHOLDER SERVICING AGREEMENT made as of January 1, 2015 by and between Baillie Gifford Funds, an unincorporated business trust organized under the laws of The Commonwealth of Massachusetts (the ?Trust?), on behalf of each of the series listed on Schedule A attached hereto (each, a ?Fund? and together, the ?Funds?), and Baillie Gifford Overseas Ltd.

Form of Amendment to Fund Administration and Accounting Agreement between the Registrant and Bank of New York Mellon, incorporated by reference to Pre-Effective Amendment No. 1 to the registration statement of the Trust on Form N-1A filed April 2, 2015.

Exhibit h(ii) FORM OF AMENDMENT TO ADMINISTRATION AGREEMENT This Amendment Agreement, made as of , is made by and between Baillie Gifford Funds, a Massachusetts business trust (the ?Trust?), on behalf of each series of the Trust, and the Bank of New York Mellon, a New York banking organization (?BNY?).

Code of Ethics of the Registrant, incorporated by reference to Pre-Effective Amendment No. 1 to the registration statement of the Trust on Form N-1A filed April 2, 2015.

EX-99.P(I) 14 a14-257735ex99dpi.htm EX-99.P(I) Exhibit p(i) Baillie Gifford Funds Code of Ethics Pursuant to Rule 17j-1 1. Background, Purpose, and Application of Substantive Provisions Solely to Independent Trustees The Trustees of the Trust recognise that the knowledge of present or future portfolio transactions and, in certain instances, the power to influence portfolio transactions which may b

ROPES & GRAY LLP PRUDENTIAL TOWER 800 BOYLSTON STREET BOSTON, MASSACHUSETTS 02199 Phone: 617-951-7000 Fax: 617-951-7050

ROPES & GRAY LLP PRUDENTIAL TOWER 800 BOYLSTON STREET BOSTON, MASSACHUSETTS 02199 Phone: 617-951-7000 Fax: 617-951-7050 April 1, 2015 Harsha Pulluru Phone: 617-951-7291 Fax: 617-235-0658 Harsha.

POWER OF ATTORNEY

EX-99.Q 16 a14-257735ex99dq.htm EX-99.Q Exhibit q POWER OF ATTORNEY Each of the undersigned Trustees and officers of Baillie Gifford Funds (the “Trust”) and any series thereof (each, a “Fund”) hereby severally constitutes and appoints each of Peter C. Hadden, Graham Laybourn, Lindsay Cockburn, Angus N.G. Macdonald, Michael Stirling-Aird, and Julie Wilson and each of them singly, with full powers o

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

EX-99.J 11 a14-257735ex99dj.htm EX-99.J Exhibit (j) CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM We consent to the references to our firm in the Registration Statement on Form N-1A of the Baillie Gifford Funds and to the use of our report dated February 25, 2015 on the financial statements and financial highlights of Baillie Gifford International Equity Fund, Baillie Gifford EAFE Fund,

Code of Ethics of Baillie Gifford Overseas Limited and Baillie Gifford Funds Services LLC, incorporated by reference to Pre-Effective Amendment No. 1 to the registration statement of the Trust on Form N-1A filed April 2, 2015.

Exhibit p(ii) BGOL Code of Ethics Manual 1 Introduction 1.1 Application The Code of Ethics Manual applies to ? All members of staff of Baillie Gifford ? Partners of Baillie Gifford ? Directors of Group companies Each of these individuals, and in some specified cases, persons who are connected to the individual, are required to comply with the Code of Ethics which forms part of the ?Compliance - Pe

BAILLIE GIFFORD FUNDS AMENDED AND RESTATED AGREEMENT AND DECLARATION OF TRUST

EX-99.A 2 a14-257735ex99da.htm EX-99.A Exhibit a BAILLIE GIFFORD FUNDS AMENDED AND RESTATED AGREEMENT AND DECLARATION OF TRUST THIS AMENDED AND RESTATED AGREEMENT AND DECLARATION OF TRUST made at Boston, Massachusetts this 31st day of December, 2014 by the Trustees hereunder and the holders of shares of beneficial interest issued hereunder and to be issued hereunder as hereinafter provided, amendi

U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-1A (CHECK APPROPRIATE BOX OR BOXES) REGISTRATION STATEMENT THE SECURITIES ACT OF 1933 x Pre-Effective Amendment No. 1 x Post-Effective Amendment No. o REGISTRATION STATEMENT THE IN

As filed with the Securities and Exchange Commission on April 2, 2015 Securities Act File No.

Opinion and consent of Ropes & Gray LLP as to the Registrant’s shares, incorporated by reference to Pre-Effective Amendment No. 1 to the registration statement of the Trust on Form N-1A filed April 2, 2015.

Exhibit (i) ROPES & GRAY LLP PRUDENTIAL TOWER 800 BOYLSTON STREET BOSTON, MA 02199-3600 WWW.

Subscription for Shares of Beneficial Interest

EX-99.(H)(V) 7 a14-257735ex99dhv.htm EX-99.(H)(V) Exhibit h(v) Baillie Gifford Funds Subscription Agreement for Publicly Offered Funds Subscription for Shares of Beneficial Interest Amount of Subscription (US$) The International Equity Fund The EAFE Fund The EAFE Choice Fund The EAFE Pure Fund The Emerging Markets Fund The Global Alpha Equity Fund The North American Equity Fund The Emerging Market

Baillie Gifford Funds SHAREHOLDER SERVICE PLAN Effective June 29, 2000 Amended as of September 26, 2014

Exhibit m Baillie Gifford Funds SHAREHOLDER SERVICE PLAN Effective June 29, 2000 Amended as of September 26, 2014 This Shareholder Service Plan (the ?Plan?) constitutes the shareholder service plan relating to the Class 1, Class 2, Class 3, Class 4, and Class 5 (each a ?Class?, and collectively the ?Classes?) shares (the ?Shares?) of the Funds listed on Exhibit I hereto (collectively, the ?Funds?), each a series of Baillie Gifford Funds, a Massachusetts business trust (the ?Trust?).

Transfer Agency Agreement between the Registrant and BNY Mellon Investment Servicing (US) Inc., dated September 1, 2014, incorporated by reference to Pre-Effective Amendment No. 1 to the registration statement of the Trust on Form N-1A filed April 2, 2015.

Exhibit h(iii) Confidential Executed Version TRANSFER AGENCY AGREEMENT This Transfer Agency Agreement is made as of September 1, 2014 (?Effective Date?) by and between BNY Mellon Investment Servicing (US) Inc.

Amended and Restated Investment Advisory Agreement between Baillie Gifford Overseas Limited and the Registrant, on behalf of each Fund, dated January 1, 2015, incorporated by reference to Pre-Effective Amendment No. 1 to the registration statement of the Trust on Form N-1A filed April 2, 2015.

Exhibit d AMENDED AND RESTATED INVESTMENT ADVISORY AGREEMENT FOR THE BAILLIE GIFFORD FUNDS AMENDED AND RESTATED INVESTMENT ADVISORY AGREEMENT made as of January 1, 2015 by and between Baillie Gifford Funds, an unincorporated business trust organized under the laws of The Commonwealth of Massachusetts (the ?Trust?), on behalf of each of the series listed on Schedule A attached hereto (each, a ?Fund? and together, the ?Funds?), and Baillie Gifford Overseas Ltd.

BAILLIE GIFFORD FUNDS Calton Square 1 Greenside Row Edinburgh, Scotland, UK EH1 3AN

BAILLIE GIFFORD FUNDS Calton Square 1 Greenside Row Edinburgh, Scotland, UK EH1 3AN April 2, 2015 United States Securities and Exchange Commission 100 F Street N.

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ROPES & GRAY LLP PRUDENTIAL TOWER 800 BOYLSTON STREET BOSTON, MA 02199-3600 WWW.ROPESGRAY.COM March 6, 2015 Harsha Pulluru T +1 617 951 7291 F +1 617 235 0658 [email protected] VIA EDGAR Securities and Exchange Commission 100 F Street, NE Washington, DC 20549 Attn: Ms. Karen Rossotto Re: Baillie Gifford Funds (Registration No. 811-10145) ? Responses to Comments Regarding Initial Registr

Baillie Gifford Funds N-1A - - N-1A

As filed with the Securities and Exchange Commission on December 9, 2014 Securities Act File No.

POWER OF ATTORNEY

Exhibit (q) POWER OF ATTORNEY Each of the undersigned Trustees and officers of Baillie Gifford Funds (the “Trust”) and any series thereof (each, a “Fund”) hereby severally constitutes and appoints each of Peter C.

Baillie Gifford Funds COVER - -

ROPES & GRAY LLP PRUDENTIAL TOWER 800 BOYLSTON STREET BOSTON, MASSACHUSETTS 02199 Phone: 617-951-7000 Fax: 617-951-7050 December 9, 2014 Harsha Pulluru Phone: 617-951-7291 Fax: 617-235-0658 harsha.

Baillie Gifford Funds CORRESP - -

ROPES & GRAY LLP PRUDENTIAL TOWER 800 BOYLSTON STREET BOSTON, MA 02199-3600 WWW.ROPESGRAY.COM December 9, 2014 Harsha Pulluru T +1 617 951 7291 F +1 617 235 0658 [email protected] VIA EDGAR Securities and Exchange Commission 100 F Street, NE Washington, DC 20549 Attn: Ms. Karen Rossotto Re: Baillie Gifford Funds (Registration No. 811-10145) - Responses to Comments Regarding Post-Effecti

Baillie Gifford Funds - N-Q

N-Q 1 a14-242171nq.htm N-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-10145 Baillie Gifford Funds (Exact name of registrant as specified in charter) 1 Greenside Row Edinburgh, Scotland, UK, EH1 3AN (Address of principal executive offices)

Certification Pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act

EX-99.CERT 2 a14-242171ex99dcert.htm EX-99.CERT Exhibit 99.CERT Certification Pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act I, Peter Hadden, certify that: 1. I have reviewed this report on Form N-Q of Baillie Gifford Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessa

Baillie Gifford Funds DEF 14A - - DEF 14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 BAILLIE GIFFORD FUNDS SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant x Filed by a Party other than the Registrant o Check the appropriate box: o Preliminary Proxy Statement o Confidential, for Use of the Commission Only (as permitted by Rul

Baillie Gifford Funds CORRESP - -

CORRESP 1 filename1.htm ROPES & GRAY LLP PRUDENTIAL TOWER 800 BOYLSTON STREET BOSTON, MA 02199-3600 WWW.ROPESGRAY.COM October 24, 2014 Pulluru, Harsha T 617-951-7291 F 617-235-0658 [email protected] VIA EDGAR Securities and Exchange Commission 100 F Street, NE Washington, DC 20549 Attn: Ms. Karen Rossotto Re: Baillie Gifford Funds (Registration No. 811-10145) — Responses to Comments Reg

Baillie Gifford Funds PRE 14A - - PRE 14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 BAILLIE GIFFORD FUNDS SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant x Filed by a Party other than the Registrant o Check the appropriate box: x Preliminary Proxy Statement o Confidential, for Use of the Commission Only (as perm

Quarterly Schedule of Portfolio Holdings -

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-10145 Baillie Gifford Funds (Exact name of registrant as specified in charter) 1 Greenside Row Edinburgh, Scotland, UK, EH1 3AN (Address of principal executive offices) (Zip code) Angus NG Macdon

Certification Pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act

Exhibit 99 Cert Certification Pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act I, Peter Hadden, certify that: 1.

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Quarterly Schedule of Portfolio Holdings -

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-10145 Baillie Gifford Funds (Exact name of registrant as specified in charter) 1 Greenside Row Edinburgh, Scotland, UK, EH1 3AN (Address of principal executive offices) (Zip code) Angus NG Macdon

Certification Pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act

Exhibit 3(i) Certification Pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act I, Peter Hadden, certify that: 1.

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ROPES & GRAY LLP PRUDENTIAL TOWER 800 BOYLSTON STREET BOSTON, MA 02199-3600 WWW.ROPESGRAY.COM November 8, 2013 Harsha Pulluru T +1 617 951 7291 F +1 617 235 0658 [email protected] VIA EDGAR Securities and Exchange Commission 100 F Street, NE Washington, DC 20549 Attn: Mr. Jeffrey W. Long Re: Baillie Gifford Funds (Registration No. 811-10145) — Responses to Comments Regarding Shareholder

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ROPES & GRAY LLP ONE INTERNATIONAL PLACE BOSTON, MA 02110-2624 WWW.ROPESGRAY.COM October 28, 2013 James McGinnis 617-951-7774 617-235-7406 fax [email protected] VIA EDGAR Securities and Exchange Commission 100 F Street, NE Washington, DC 20549 Attn: Ms. Karen Rossotto Re: Baillie Gifford Funds (Registration No. 811-10145) — Responses to Comments Regarding Post-Effective Amendment No. 16

Certification Pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act

EX-99.CERT 2 c73831ex99cert.htm Exhibit 99.Cert Certification Pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act I, Peter Hadden, certify that: 1. I have reviewed this report on Form N-Q of Baillie Gifford Funds; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the s

Quarterly Schedule of Portfolio Holdings -

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-10145 Baillie Gifford Funds (Exact name of registrant as specified in charter) 1 Greenside Row Edinburgh, Scotland, UK, EH1 3AN (Address of principal executive offices) (Zip code) Angus NG Macdon

CERTIFICATION

Ex-99.CERT Exhibit 3(i) CERTIFICATION I, Peter Hadden, certify that: 1. I have reviewed this report on Form N-Q of Baillie Gifford Funds (the “registrant”); 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not mis

Quarterly Schedule of Portfolio Holdings -

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-10145 Baillie Gifford Funds (Exact name of registrant as specified in charter) 1 Greenside Row, Edinburgh, Scotland, UK, EH1 3AN (Address of principal executive offices) (Zip code) Angus N G Macdon

- DEF 14A

DEF 14A 1 a12-160311def14a.htm DEF 14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant x Filed by a Party other than the Registrant o Check the appropriate box: o Preliminary Proxy Statement o Confidential, for Use of the Commiss

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PRE 14A 1 a12-160311pre14a.htm PRE 14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant x Filed by a Party other than the Registrant o Check the appropriate box: x Preliminary Proxy Statement o Confidential, for Use of the Commiss

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ROPES & GRAY LLP PRUDENTIAL TOWER 800 BOYLSTON STREET BOSTON, MA 02199-3600 WWW.ROPESGRAY.COM September 21, 2012 Robert S. H. Shapiro T +1 202 508 4687 F +1 202 383 9346 [email protected] VIA EDGAR Securities and Exchange Commission 450 Fifth Street, N.W. Washington, D.C. 20549 Re: Baillie Gifford Funds (File No. 811-10145) Ladies and Gentlemen: On behalf of Baillie Gifford Funds (the

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July 23 2012 Laurel C. Neale T +44 20 3122 1238 F +44 20 3122 1219 [email protected] VIA EDGAR Securities and Exchange Commission 100 F Street, NE Washington, DC 20549 Attn: Ms. Karen Rossotto Re: Baillie Gifford Funds (Registration No. 811-10145) — Responses to Comments Regarding Post-Effective Amendment No. 13 to Registration Statement on Form N-1A Dear Ms. Rossotto: On April 30, 2012,

CERTIFICATION

EX-99.CERT 2 c69736ex99-cert.htm Exhibit 99.Cert Exhibit 3(i) CERTIFICATION I, Peter Hadden, certify that: 1. I have reviewed this report on Form N-Q of Baillie Gifford Funds (the “registrant”); 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under wh

Quarterly Schedule of Portfolio Holdings -

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-10145 Baillie Gifford Funds (Exact name of registrant as specified in charter) 1 Greenside Row, Edinburgh, Scotland, UK, EH1 3AN (Address of principal executive offices) (Zip code) Angus N G Macdon

UNITED STATES

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-10145 Baillie Gifford Funds (Exact name of registrant as specified in charter) 1 Greenside Row, Edinburgh, Scotland, UK, EH1 3AN (Address of principal executive offices) (Zip code) Angus N G Macdon

CERTIFICATION

EX-99.CERT Exhibit 3(i) CERTIFICATION I, Peter Hadden, certify that: 1. I have reviewed this report on Form N-Q of Baillie Gifford Funds (the “registrant”); 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not mis

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ROPES & GRAY 5 NEW STREET SQUARE LONDON EC4A 3BF UNITED KINGDOM WWW.ROPESGRAY.COM Laurel C. Neale T +44 20 3122 1238 F +44 20 3122 1219 [email protected] November 14, 2011 VIA EDGAR AND FEDEX Securities and Exchange Commission Division of Investment Management 100 F Street, N.E. Washington, D.C. 20549 Attn: Haughton Hallock Re: Baillie Gifford Funds (Registration No. 811- 10145) — Respons

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ROPES & GRAY LLP ONE INTERNATIONAL PLACE BOSTON, MA 02110-2624 WWW.ROPESGRAY.COM July 7, 2009 J. A. Zaid van Giffen 617-951-7679 617-235-9765 fax [email protected] Securities and Exchange Commission Division of Investment Management 100 F Street, N.E. Washington, D.C. 20549 Attn: Christina DiAngelo Re: Baillie Gifford Funds (Registration No. 811- 10145) ? Responses to Comments Regarding

SCHEDULE 14A INFORMATION

SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant x Filed by a Party other than the Registrant o Check the appropriate box: o Preliminary Proxy Statement x Definitive Proxy Statement o Definitive Additional Materials o Soliciting Material Pursuant to Rule 14a-11(c) or Rule 14a-12 Baillie Gifford Funds (Name of Registrant as Specified In Its Charter) Name of Person Filing Proxy Statement Payment of Filing Fee (Check appropriate box): x No longer applicable o $500 per each party to the controversy pursuant to Exchange Act Rule 14a-6(i)(3).