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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 - 13) 30 Sep 2025 31 Mar 2025   Holding (Region) Value 000's (GBP) % of Fund Value 000's (GBP) % of Fund Diff United States of America 743 50.50 747 44.80 5.7 United Kingdom 90 6.10 58 3.50 2.6 Taiwan 109 7.40 97 5.80 1.6 Canada 76 5.20 73 4.40 0.8 Singapore 112 7.60 117 7.00 0.6 Netherlands 74 5.00 82 4.90 0.1 France 41 2.80 47 2.80 0.0 Brazil 135 9.20 165 9.90 -0.7 Indonesia 44 3.00 65 3.90 -0.9 India 47 3.20 73 4.40 -1.2 Unit Trust - - 30 1.80 -1.8 Sweden - - 38 2.30 -2.3 Cash - - 75 4.50 -4.5 TOTAL 1 471 100.00 1 666 100.00

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