Baillie Gifford Ww.Positive Cha.Fd.B USD/  IE00BDCY2N73  /

The Fund aims to produce capital growth over the long term and to contribute towards a more sustainable and inclusive world by investing primarily in the equities of companies whose products, and/or services make a positive social and/or environmental impact. The Fund will invest at least 90% in shares of companies worldwide for whom delivering a positive social impact is core to their business, whose products, behaviour and/or services represent an improvement to the prevailing practices, and who conduct business with honesty and integrity. This will include companies addressing critical challenges in the four impact themes, each of which represent key global challenges: (i) social inclusion and education, (ii) environment and resource needs, (iii) healthcare and quality of life and (iv) base of the pyramid. An impact analysis is conducted to assess whether a company contributes to one of the social impact themes. This analysis is based on the assessment of three factors: (i) intent (ii) product impact and (iii) business practices. The Fund will be concentrated. The Fund is actively managed and no index is used for the purposes of determining or constraining the composition of the Fund's portfolio. The Fund's performance (after deduction of costs) is measured against the MSCI ACWI Index. The Fund seeks to materially outperform the index over rolling 5 year periods. The return of the Fund is dependent on the performance of the underlying assets. Income will be re-invested.

The Fund aims to produce capital growth over the long term and to contribute towards a more sustainable and inclusive world by investing primarily in the equities of companies whose products, and/or services make a positive social and/or environmental impact. The Fund will invest at least 90% in shares of companies worldwide for whom delivering a positive social impact is core to their business, whose products, behaviour and/or services represent an improvement to the prevailing practices, and who conduct business with honesty and integrity.