Baillie Gifford Positive Change Fund

Select share classes

Baillie Gifford Positive Change Fund B Accumulation

Category Global Large-Cap Growth Equity

This fund can be held in an Investment ISA, SIPP and Investment Account

Last buy/sell price

371.20p

arrow-down-2.50p (-0.67%)

Fund Code

BFPCA

BYVGKV5

GB00BYVGKV59

Prices updated as at 11 Dec 2025

Prices in GBX

Investment objective

The Sub-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 Sub-fund will invest at least 90% in shares or other transferable securities (such as ADRs) of companies anywhere in the world whose products and/or services contribute to the Impact. The Impact Outcomes may evolve over time and are reviewed by the Investment Adviser on a regular basis. The Sub-fund will be actively managed, concentrated and will invest in companies of any size, and in any sector, provided they are assessed in line with the Investment Adviser’s proprietary qualitative framework and Theory of Change as having products and/or services which contribute to the Impact.

Important documents: Please ensure that you have read the Key Information Document/Technical Guide , SDR Consumer facing disclosure, Pre-sale Illustrations document & Doing Business with Fidelity document (incorporating the Fidelity Client Terms) and the fund information documents. These can be found within the Charges & documents section.

Portfolio as of 31/10/2025

Asset allocation

Show long & short position

Geographical breakdown

Continent or country allocation (%)

Market classification (%)

Stock style

Value

Core

Growth

Large

7

17

43

Medium

0

4

15

Small

2

5

6

Valuation

Baillie Gifford Positive Change Fund B Accumulation

Global Large-Cap Growth Equity

24.11

23.52

4.21

4.16

4.81

5.15

14.51

17.50

Growth rate

Baillie Gifford Positive Change Fund B Accumulation

Global Large-Cap Growth Equity

12.20%

9.90%

1.09%

1.13%

14.36%

14.21%

Top 10 holdings

Sector

-

Country

Taiwan

% of assets

8.36727

Sector

-

Country

Brazil

% of assets

5.513

Sector

-

Country

Canada

% of assets

5.00781

Sector

-

Country

United States

% of assets

4.86509

Sector

-

Country

Netherlands

% of assets

4.84599

Sector

-

Country

United States

% of assets

4.00212

Sector

-

Country

Malaysia

% of assets

3.81098

Sector

-

Country

United States

% of assets

3.76619

Sector

-

Country

Brazil

% of assets

3.58657

Sector

-

Country

United States

% of assets

3.45593

Assets in top 10 holdings %

47.22%

Total no. of equity holdings

38.00

Total no. of bond holdings

-

Stock sectors

Baillie Gifford Positive Change Fund B Accumulation

Global Large-Cap Growth Equity

26.31%

Basic materials

3.54%

-

Con cyclical

10.48%

-

Financial svs

12.28%

-

Real estate

-

56.66%

Comm services

2.31%

-

Energy

-

Industrials

15.01%

-

Technology

39.34%

-

17.03%

Con defensive

1.01%

-

Healthcare

16.02%

-

Utilities

-

Important Information

Investment values, and income from investments, can go down as well as up, so you may get back less than you invest. This is not a personal recommendation for a specific investment. If you're not sure which investments are suitable for you, consult Fidelity's advisers or another authorised financial adviser. The information contained herein: is proprietary to Morningstar and/or its content providers; may not be copied or distributed; and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Any ESG-related information, methodologies, tools, ratings, data and opinions contained or reflected herein are not directed to or intended for use or distribution to India-based clients or users and their distribution to Indian resident individuals or entities is not permitted, and Morningstar accepts no responsibility or liability whatsoever for the actions of third parties in this respect.