Baillie Gifford High Yield Bond Fund
Key Facts
| Aim |
To achieve a high level of total return by investing primarily in a diversified portfolio of sub-investment grade UK and overseas bonds. |
| IMA Sector |
The sector for this fund is £ High Yield, for funds which invest at least 80% of their assets in Sterling denominated (or hedged back to Sterling) fixed interest securities, and at least 50% of their assets in below BBB minus fixed interest securities (as measured by Standard and Poor's or an equivalent external rating agency), including convertibles, preference shares and permanent interest bearing shares (PIBs). |
| Launch Date |
30 November 2001 |
| Comparative Index |
Merrill Lynch European Currency High Yield Constrained Index (HPC0) hedged into £. |
| OBSR Rating |
A |
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OBSR Five Year Award - As at 30 June 2011
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Investment Choice and Charges
| Share Class |
SEDOL Number |
Min. Investment |
Initial Charge |
Annual Charge |
| A Income |
3081660 |
£1,000 |
3.5% |
1.0% |
| B Income |
3081671 |
£250,000 |
0.5% |
0.35% |
| B Accumulation |
B1W0GF1 |
£250,000 |
0.5% |
0.35% |
Fund Managers
Rob Baltzer and Donald Phillips manage the High Yield Bond Fund. Along with the analytical team, they manage the fund in a bottom-up manner, without any strict adherence to a high yield benchmark.
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Robert Baltzer
Robert graduated with MMath from Durham University in 2001. He joined Baillie Gifford in the same year and is now an Investment Manager in the Credit Team. Robert is a CFA charter holder.
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Donald Phillips
Donald graduated BA (Hons) from Strathclyde University in 2004 and an MSc in Investment Analysis from Stirling University in 2005. He worked for Aegon Asset Management in their Fixed Income Team for three years before joining Baillie Gifford in 2008. Donald is an Investment Manager in the Credit Team and is a CFA charter holder.
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Please bear in mind that performance can be affected by changing stock market conditions and by currency exchange rates. The value of your investment and any income from it can fall as well as rise and you may not get back the amount invested. You should view your investment as being for the long term.
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