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BAILLIE GIFFORD INVESTMENT GRADE BOND A - Fund overview

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Find rated £ corporate bond funds


Overview of BAILLIE GIFFORD INVESTMENT GRADE BOND A

Primarily investing in quality corporate bonds rated BBB(-) and above, the target is to maximise total return whilst producing a level of income higher than the UK Gilt market. A stock selection approach is used to identify specific issue pricing anomalies, with interest rate and yield curve risk kept to a minimum. Managed from Scotland by a reasonably sized team of analysts and managers.

Standard Initial Charge

3.50% 0.50%

Fund summary

Sector  £ Corporate Bond
Product type  OEIC
Launched  March, 2003
Size  £246m
Yield 4.6%
Charging basis  CAPITAL
Dividends paid  March, June, Sept, Dec.
Bid price 83.70p

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 1.04%
Reduction in yield (10yr) 1.09%

Bestinvest says


No information available.

Portfolio

baillie gifford investment grade bond a asset allocation illustration
Allocation Proportion
Equity
High yield bonds
Quality bonds 100%
Property
Commodities
Hedge
Fund cash

No data available.

No data available.

Investment process


The fund's objective is to maximise total return, whilst producing a yield above that of UK gilts. Investing primarily in a diverse portfolio of Sterling denominated investment grade bonds that are rated BBB(-) and above. They will manage the funds to exploit the philosophy that the majority of bonds are held by passive managers and that the rating agencies are slow to change ratings.
The stock selection is focused on identifying where the greatest risk adjusted return can be found. 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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