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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 Region Holdings(1 - 14) 31 Mar 2025 30 Sep 2024   Holding (Region) Value 000's (GBP) % of Fund Value 000's (GBP) % of Fund Diff Brazil 165 9.90 253 13.90 -4.0 Canada 73 4.40 105 5.80 -1.4 Denmark - - 65 3.60 -3.6 France 47 2.80 44 2.40 0.4 United Kingdom 58 3.50 - - 3.5 Netherlands 82 4.90 109 6.00 -1.1 Indonesia 65 3.90 91 5.00 -1.1 India 73 4.40 85 4.70 -0.3 Taiwan 97 5.80 131 7.20 -1.4 Singapore 117 7.00 44 2.40 4.6 Sweden 38 2.30 - - 2.3 United States of America 747 44.80 816 44.90 -0.1 Cash 75 4.50 4 0.20 4.3 Unit Trust 30 1.80 71 3.90 -2.1 TOTAL 1 666 100.00 1 818 100.00

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