Baillie Gifford Shin Nippon PLC

Managed by Baillie Gifford & Co Ltd., Baillie Gifford Shin Nippon PLC operates as a closed-ended equity investment trust. Its mandate is to invest in publicly traded Japanese companies, with a diversified portfolio spanning various economic sectors. A key focus is on small-capitalization firms, specifically those with market valuations below ¥150 billion, employing both value and growth investment strategies. The trust measures its performance against three benchmarks: the Tokyo Second Section Index, the TOPIX Small Index, and the JASDAQ Index. Established in the United Kingdom on July 1, 1985, it remains domiciled there.