Baillie Gifford Shin Nippon plc (BGS) Ordinary 2p Shares

Baillie Gifford Shin Nippon PLC is a United Kingdom-based investment company. The objective of the Company is to pursue long-term capital growth through investment in small Japanese companies. The portfolio is constructed through the identification of individual companies which offer long-term growth potential, typically over a three-to-five-year horizon. The Company may invest in the United Kingdom and Overseas domiciled pooled funds, including United Kingdom-listed investment trusts, that invest principally in Japanese securities. The portfolio consists of predominantly listed equity holdings, however, unlisted investments may also be held. The Company invests in various sectors, including communication services, consumer discretionary, consumer staples, financials, healthcare, industrials, information technology, materials, and real estate. The Company's alternative investment fund manager is Baillie Gifford & Co Limited.

To achieve long-term capital growth principally through investment in small Japanese companies which are believed to have above average prospects for growth.The portfolio is constructed through the identification of individual companies which offer long term growth potential, typically over a three to five year horizon. The portfolio is actively managed and does not seek to track the comparative index, hence a degree of volatility against the index is inevitable

• Ongoing charge0.80%
• Annual management charge0.75% of Net Assets
• Performance feeNo

Management fee of 0.75% on the first GBP 50m of net assets, 0.65% on the next GBP 200m of net assets and 0.55% on the remainder. The fees are calculated and paid on a quarterly basis. Contract terminable on notice period of 6 months.