2. Baillie Gifford
    Positive Change

  3. The output of our philosophy and process is a global, concentrated portfolio of companies that we believe can deliver both attractive investment returns and a positive change by contributing towards a more sustainable world.

    We look for companies for whom delivering a positive impact is core to their business. In order to focus efforts, the portfolio is divided into four broad impact themes:

      •  Social Inclusion and Education - building a more inclusive society through business practices or products and services
      •  Environment and Resource Needs - improving our resource efficiency and reducing the environmental impact of our economic activities
      •  Healthcare and Quality of Life - actively improving the quality of life in developed and developing countries
      •  Base of the Pyramid - addressing the basic aspirational needs of people at the bottom of the global income ladder

  4. SOCIAL INCLUSION AND EDUCATION
    		  
    ENVIRONMENT AND RESOURCE NEEDS

     

     

     
    HEALTHCARE AND QUALITY OF LIFE
    		  
    BASE OF THE PYRAMID
    		  
    Holding Percentage Holding Percentage     Holding Percentage Holding Percentage
    ASML 8.84 Tesla Inc 6.30     Dexcom 5.70 Bank Rakyat 3.34
    TMSC 7.75 Deere & Co 5.16     Moderna 5.01 Safaricom 0.67
    MercadoLibre 4.78 Orsted 4.11     Illumina 4.46 Total 4.01
    HDFC 3.26 Umicore 3.19     Discovery Ltd 2.93    
    Shopify 1.67 Xylem 2.40     Abiomed 2.83    
    Coursera, Inc. 1.53 Novozymes 2.37     Alnylam 2.83    
    Alibaba 1.42 Nibe 2.05     M3 2.57    
    Nu Holdings 1.30 Ecolab 1.87     Chr Hansen 2.19    
    FDM Group 0.86 Beyond Meat 0.85     Sartorius Pref. 2.03    
    Duolingo Inc 0.80 Total 28.30     Teladoc 1.90    
    Total 32.21         10x Genomics 1.56    
                Abcellera  0.81    
                Peloton 0.50    
                Berkeley Lights 0.16    
                Total 35.45    

     

    Source: Baillie Gifford & Co. As at March, 31 2022. Cash 1.5%. Totals may not sum due to rounding. The composition of the Fund's holdings is subject to change. Percentages are based on securities at market value.

  5. The Baillie Gifford Mutual Funds are distributed by Baillie Gifford Funds Services LLC. Investors should carefully consider the objectives, risks, charges and expenses of the Funds before investing. This information and other information about the Funds can be found in the prospectus and the summary prospectus. For a prospectus and summary prospectus please go here. Please carefully read the Fund’s prospectus and related documents before investing.