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At a glance performance and information

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Fund:

Baillie Gifford Positive Change B Inc
Sector:

IA Global
Benchmark:

MSCI ACWI

Discrete calendar year performance

Discrete calendar year performance
Investment	31/03/20 to 31/03/21	31/03/21 to 31/03/22	31/03/22 to 31/03/23	31/03/23 to 31/03/24	31/03/24 to 31/03/25
Baillie Gifford Positive Change B Inc	79.38%	2.05%	-9.34%	7.00%	-5.10%
IA Global	40.59%	8.39%	-2.65%	16.74%	-0.27%
MSCI ACWI	51.06%	8.79%	-5.61%	24.44%	7.42%

Trailing returns

(*annualised)

Trailing returns
Investment	3 months	6 months	1 year	3 years*	5 years*
Baillie Gifford Positive Change B Inc	7.73%	3.49%	10.22%	10.14%	6.55%
IA Global	1.66%	-0.25%	2.98%	10.35%	8.41%
MSCI ACWI	4.15%	3.51%	9.98%	16.48%	13.11%

Overview

Fund Objective: The fund aims to outperform (after deduction of costs) the MSCI ACWI Index, as stated in sterling, by at least 2% per annum over rolling five-year periods. The fund also aims to contribute to a more sustainable and inclusive world through investing in companies whose products and/or services contribute to impact themes addressing critical social and/or environmental challenges, measured over at least a five-year period.

Manager name	Baillie Gifford & Co Ltd
Manager start date	30 September 2023
Manager Biography	Apricot is a senior impact analyst and decision maker in the Positive Change Team. She joined Baillie Gifford in 2023. Prior to working at Baillie Gifford, Apricot completed the graduate training programme at Aberdeen Asset Management, before working for Investing for Development SICAV, a Luxembourg-based blended fund focused on development finance. Apricot is a CFA Charterholder and graduated MBA from the China Europe International Business School in Shanghai. Her first degree was in Modern and Medieval Languages from the University of Cambridge. Having worked in development, Apricot has been impressed by the power of financial markets to generate positive societal change. She has a particular interest in opportunities which support those living at the base of the economic pyramid.

Investment style:	Active
Region (geographical)	Global

Benchmark	MSCI ACWI
Sector	IA Global
FE fundinfo Rating	1 of 5

Fees & charges

Fees and Charges

Fees and Charges
Charge	Who receives this?	What is it?	Amount
Initial charge:	The fund manager	Charges applied by the fund management company for investing in their fund. Please note that Investment Managers may charge each time you buy new units or shares in a fund or trust. Where Investment Managers would have an entry charge, we will negotiate to have it waived so you will not be charged.	0.00%
Ongoing Charges:	The fund manager	The annual charge paid to a fund manager to cover the costs of running the fund. It is an estimate based on the actual amount charged in the previous year.	0.53%
Performance Fee:	The fund manager	A performance fee joins up the interest of the fund manager and their investors. A performance fee is taken when the fund beats pre-set conditions.	N/A
Typical transaction cost:	The fund manager	The costs of dealing within a fund, which the Investment Manager must pay to continue managing the assets. This includes where the Manager decides to sell one stock and buy another. The costs will vary from one fund to another based on how often the Investment Manager trades and the costs applied when trading.	0.188%*
Dealing commission:	Halifax	The cost of buying or selling some or all of your investment.	£9.50 (per online trade)

*This is an indication based on the market average. The fund’s actual transaction cost will be shown before you place a trade.
Account charges are not included
Key Investor Information Document (KIID)Open KIID document
Fees & Charges

Breakdown

Asset Allocation

Fund size: 1,721,363,000.00 GBX

Chart date: June 20, 2025

Top 10 Holdings

Top 10 Holdings
Security	Weight
Mercadolibre, inc.	6.54%
Taiwan semiconductor manufacturing company limited	6.02%
Duolingo inc	5.33%
Asml holding n.v.	4.80%
Microsoft corporation	4.72%
Bank rakyat indonesia (persero) tbk, pt	3.78%
Alnylam pharmaceuticals, inc.	3.74%
Autodesk inc	3.67%
Hdfc bank limited	3.64%
Sea limited	3.56%

Sectors

Sectors
Sectors	Weight
Information Technology	23.00%
Industrials	16.87%
Financials	15.98%
Health Care	15.55%
Consumer Discretionary	15.00%
Materials	6.42%
Communications	6.04%
Money Market	1.13%

World regions

World regions
Country	Weight
USA	45.95%
Brazil	9.46%
Singapore	6.88%
Taiwan	6.02%
Netherlands	4.80%
Indonesia	3.78%
Canada	3.69%
India	3.64%
UK	3.28%
Denmark	3.19%

ESG

What is ESG?

ESG stands for Environmental, Social and Governance and is an approach for evaluating to what extent a company works towards social goals. For investors this can be used in order to understand how their funds and the assets they are made up of work towards these goals and use that information to help make sustainable investment choices.

Disclosure Document

Baillie Gifford Positive Change B Inc