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Baillie Gifford Positive Change Fund (GBP) - B - Semi-Annual Comparison Baillie Gifford Investment Management Company Baillie Gifford Positive Change Fund (GBP) - B Regional Portfolio Structure(Semi-Annual Comparison) Sectorial Portfolio Structure(Semi-Annual Comparison) REGIONAL PORTFOLIO Sorted By Value of Holding Holdings(1 - 12) 31 Dec 2024 30 Jun 2024   Holding (Region) Value 000's (GBP) % of Fund Value 000's (GBP) % of Fund Diff United States of America 884 48.60 923 46.20 2.4 Brazil 164 9.00 240 12.00 -3.0 Taiwan 142 7.80 150 7.50 0.3 Canada 120 6.60 186 9.30 -2.7 Netherlands 91 5.00 102 5.10 -0.1 Singapore 84 4.60 46 2.30 2.3 Unit Trust 78 4.30 104 5.20 -0.9 India 76 4.20 94 4.70 -0.5 Indonesia 71 3.90 78 3.90 0.0 Denmark 51 2.80 62 3.10 -0.3 France 44 2.40 - - 2.4 Cash 15 0.80 14 0.70 0.1 TOTAL 1 820 100.00 1 999 100.00

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