BAILLIE GIFFORD CORPORATE BOND A - Portfolio
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Find rated £ strategic bond funds
Asset allocation
| Allocation |
Proportion |
|
|
Equity |
–
|
|
High yield bonds |
32%
|
|
Quality bonds |
65%
|
|
Property |
–
|
|
Commodities |
–
|
|
Hedge |
–
|
|
Fund cash |
3%
|
Top 10 holdings
As at: 29/02/2012
3.7% International Bank For Rec & Dev 5.4% Euro Med Trm Nts 7/6/2021 Gbp1000
3.2% Telereal Securitisation 6.1645% Ast Bkd Bds 10/12/31 Gbp1000`b4`
2.6% Tesco Property 7.6227% Mtg Bds 13/07/39 Gbp1000
2.3% Provident Financial 8% Gtd Bds 23/10/19 Gbp1000
2.2% Bank Of New York Mellon 6.369% 2016/66
2.2% Global Switch Hldgs Ltd 5.5% Gtd Nts 18/04/18 Eur100000
2.1% Lloyds Of London 7.421% 2017 Perp
2.1% Central European Media Enterprises 11.625% Bds 15/09/16 Eur1000`reg S`
2.1% Yorkshire Water Services Bradfd Fin 6% Fxd/fltg Rte Nts 24/04/25 Gbp50000 B1
2% Goodman Australia Finance Pty Ltd 9.75% Gtd Mtn 16/07/2018 Gbp1000
Source: Trustnet
Equity by sector
|
Banks
|
12%
|
|
Insurance
|
12%
|
|
Asset/Mortgage-Backed Securities
|
11%
|
|
Supranational Fixed Interest
|
8%
|
|
Financials
|
7%
|
|
Capital Goods
|
7%
|
|
Media
|
6%
|
|
Money Market
|
5%
|
|
Telecommunications
|
5%
|
|
Real Estate
|
5%
|
As at: 29/02/2012
95.1% UK
4.9% Money Market
Source: Trustnet
Portfolio details
The number of companies represented in the portfolio will be in the range 40-60. The portion held in sub-investment grade bonds is generally around 30%. The average rating in the fund is investment grade.
Constraints
There is no interest rate bet versus the universe and any credit risk will be taken in shorter-dated bonds.
The portfolio usually has very little commonality with the benchmark and so performance can be expected to differ markedly on occasions.