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

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