BAILLIE GIFFORD INVESTMENT GRADE BOND A - Portfolio
No Bestinvest rating
Find rated £ corporate bond funds
Asset allocation
| Allocation |
Proportion |
|
|
Equity |
–
|
|
High yield bonds |
–
|
|
Quality bonds |
100%
|
|
Property |
–
|
|
Commodities |
–
|
|
Hedge |
–
|
|
Fund cash |
–
|
Top 10 holdings
As at: 29/02/2012
4.1% Old Mutual 6.376% 2020
3.5% Linde 8.125% 2016/2066
3.1% Merrill Lynch & Co Inc 5.5% Sub Regd Nts 22/11/21 Gbp50000
2.7% Equity Release Funding(no.2) 5.88% Mtg Bkd Nts 26/5/32 Gbp(var)`a2`
2.7% Ibrd 1.25% 2013
2.6% International Bank For Rec & Dev 5.4% Euro Med Trm Nts 7/6/2021 Gbp1000
2.4% Lloyds Tsb Bank Plc 6.5% Nts 17/09/40 Gbp1000
2.3% European Investment Bank 4.375% Emtn 08/07/15 Gbp1000
2.3% Provident Financial 8% Gtd Bds 23/10/19 Gbp1000
2.3% Enw Capital Finance Plc 6.75% Unwrapped Nts 20/06/15 Gbp1000
Source: Trustnet
Equity by sector
|
Banks
|
16%
|
|
Asset/Mortgage-Backed Securities
|
13%
|
|
Government Guaranteed
|
10%
|
|
Supranational Fixed Interest
|
10%
|
|
Insurance
|
10%
|
|
Others
|
8%
|
|
Mortgage & Secured Bonds
|
7%
|
|
Energy
|
6%
|
|
Utilities
|
5%
|
|
Basic Industries
|
5%
|
As at: 29/02/2012
98.2% UK
1.8% Money Market
Source: Trustnet
Portfolio details
Concentrated portfolio of 30-45 holdings.
Constraints
There is no interest rate bet versus the universe and any credit risk will be taken in shorter-dated bonds.
There are some limits placed on the portfolio but these could result in significant divergences from the benchmark from time to time.