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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 Netherlands 74 5.00 82 4.90 0.1 Cash - - 75 4.50 -4.5 Canada 76 5.20 73 4.40 0.8 India 47 3.20 73 4.40 -1.2 Indonesia 44 3.00 65 3.90 -0.9 United Kingdom 90 6.10 58 3.50 2.6 France 41 2.80 47 2.80 0.0 Sweden - - 38 2.30 -2.3 Unit Trust - - 30 1.80 -1.8 TOTAL 1 471 100.00 1 666 100.00

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