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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 - 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 Brazil 135 9.20 165 9.90 -0.7 Singapore 112 7.60 117 7.00 0.6 Taiwan 109 7.40 97 5.80 1.6 United Kingdom 90 6.10 58 3.50 2.6 Canada 76 5.20 73 4.40 0.8 Netherlands 74 5.00 82 4.90 0.1 India 47 3.20 73 4.40 -1.2 Indonesia 44 3.00 65 3.90 -0.9 France 41 2.80 47 2.80 0.0 Sweden - - 38 2.30 -2.3 Cash - - 75 4.50 -4.5 Unit Trust - - 30 1.80 -1.8 TOTAL 1 471 100.00 1 666 100.00

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