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BAILLIE GIFFORD HIGH YIELD BOND A - Fund overview

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Overview of BAILLIE GIFFORD HIGH YIELD BOND A

A range of mainly sub-investment grade bonds diversified over sectors, including asset-backed, and bond issuers. European bonds may be utilised, but exposure will be hedged back to Sterling. The active stock picking approach will focus on solid cash-generative companies. Relative to peer group funds, the portfolio is generally more focused; low assets under management also enable the manager to focus more on security specific opportunities.

Standard Initial Charge

3.50% 0.50%

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Fund summary

Sector  £ High Yield
Product type  OEIC
Launched  November, 2001
Size  £215m
Yield 6.4%
Charging basis  CAPITAL
Dividends paid  March, June, Sept, Dec.
Bid price 107.80p

Fund Charges

Standard Initial charge 3.50%
Initial charge via Bestinvest 0.50%
Additional bid/offer spread 0.00%
Annual management charge 1.00%
Total expense ratio 1.08%
Reduction in yield (10yr) 1.13%

Bestinvest says


No information available.

Portfolio

baillie gifford high yield bond a asset allocation illustration
Allocation Proportion
Equity 0%
High yield bonds 99%
Quality bonds 0%
Property 0%
Commodities –
Hedge –
Fund cash 1%
baillie gifford high yield bond a equity geographic illustration
Allocation Proportion
UK 0%
Europe –
Nth America 0%
Japan –
Pacific 0%
Other Equity 0%

No data available.

View all performance data for BAILLIE GIFFORD HIGH YIELD BOND A

Investment process


The Fund aims to achieve a high level of income without capital errosion. Investing mainly in sub-investment grade bonds, they will hold bonds issued by a diverse range of companies to limit the risks of the asset class. They have the remit to invest in Europe for further diversity, but any exposure to the continent will be hedged back to Sterling.
The stock selection is focused on identifying cash-generative companies whose bonds are trading attractively. This will be done through in house quantitative and qualitative research combined with information ratio analysis. For the bond in question, an automated credit score is produced using a rating agency methodology and the managers look to identify disparity from the current actual rating. The qualitative research involves assessment of industry, competitive position/advantage, financial strength and management attitude.

The value of your investments and the income from them can go down as well as up and you can get back less than you originally invested. Any yields quoted cannot be taken as a reliable indicator of future returns. Before investing in funds please check the specific risk factors on the key features document or refer to our risk warning notice as some funds can be high risk or complex. Prevailing tax rates and relief are dependent on your individual circumstances and are subject to change.

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