Anlageschwerpunkt Baillie Gifford Worldwide Diversified Return Yen Fund - B JPY ACC

The Fund aims to provide capital growth over the long-term at a level of risk lower than investment in shares of companies. The Fund invests in a variety of asset classes, either directly or indirectly or through other funds. The asset classes include, but are not limited to, shares, bonds, property, infrastructure, commodities, and currencies. Investment may be in transferable securities (such as bonds and shares), other funds, derivatives, money market instruments, cash and near cash. Currency forwards and derivatives, which are types of financial contracts, may be used to protect or increase the value of the Fund. This means the Fund is exposed to foreign currencies. 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 Mutan Rate. The Fund seeks to materially outperform the benchmark. The return of the Fund is dependent on the performance of the underlying assets. Income will be re-invested. No further shares will be purchased but the reinvestment will be reflected in the price of your existing accumulation shares. You can sell some or all of your shares on any day on which banks in Ireland are open for business by contacting the Transfer Agent by phone or post. The Fund's assets are held through the Company's Depositary, which is Brown Brothers Harriman Trustee Services (Ireland) Limited. To obtain further and other practical information, including prices, and documentation please see the Other Relevant Information section of this document. This Key Information Document describes the Fund only, the Prospectus and the annual and interim reports and accounts are prepared for the Company rather than the Fund.