STRATEGIC BOND FUNDSTRATEGIC BOND FUND
The Strategic Bond Fund aims to produce monthly income. Opportunities for capital growth are also sought, subject to prevailing market conditions.
The manager believes an appropriate comparison for this Fund is the Investment Association Sterling Strategic Bond sector average given the investment policy of the Fund and the approach taken by the manager when investing.
Our performance is driven by stock selection. We source ideas across both investment grade and high yield bonds and are guided by our fundamental, bottom-up stock analysis.
Top Ten Physical Bond Holdings* - 30/09/2020
Fund % 1 Netflix 4.625% 2029 2.8% 2 KFW 5% 2036 2.6% 3 National Grid 5.625% 2025/73 2.3% 4 Virgin Media 5% 2027 2.1% 5 Co-operative Group 7.5% 2026 1.8% 6 Enel 5.75% 2040 1.6% 7 CRH 1.625% 2030 1.6% 8 Global Switch 2.25% 2027 1.6% 9 Tesco Property Finance 6 5.4111% 2044 1.6% 10 Softbank 5% 2028 1.5% Total 19.5% Fund % 1 Netflix 4.625% 2029 2.8% 2 KFW 5% 2036 2.6% 3 National Grid 5.625% 2025/73 2.3% 4 Virgin Media 5% 2027 2.1% 5 Co-operative Group 7.5% 2026 1.8% 6 Enel 5.75% 2040 1.6% 7 CRH 1.625% 2030 1.6% 8 Global Switch 2.25% 2027 1.6% 9 Tesco Property Finance 6 5.4111% 2044 1.6% 10 Softbank 5% 2028 1.5% Total 19.5%Sector Analysis of Total Assets - 30/09/2020As the Fund invests in overseas securities, changes in the rates of exchange may cause the value of your investment (and any income it may pay) to go down or up.
The information contained on this page is intended as a guide only and should not be relied upon when making investment decisions. All holdings information is unaudited. Source Baillie Gifford & Co.
Please note that totals may not add due to rounding.Unfortunately we were unable to load the chart. Please try again later.
InsightsView all Insights.July 2020
Strategic Bond Fund Update.
Kevin Mitchell, client manager, hosts a webinar with Torcail Stewart and Lesley Dunn, co-managers of the Strategic Bond Fund, in which an update on the fund is given and questions from clients are answered.March 2020
Strategic Bond Fund – Manager Snapshot.
Malcolm Borthwick, managing editor at Baillie Gifford, talks to Torcail Stewart and Lesley Dunn, joint managers of the Strategic Bond team. In this manager snapshot, Torcail and Lesley discuss opportunities of the future, differentiation from competitors and tools they use to ensure effective stock picking.Fourth Quarter 2019
Bond Beats – Ørsted.
Danish government policies in favour of wind power generation have fostered the development of Ørsted over the last decade. The dual-track approach shows how clean energy can become financially resilient, as concerns over climate change increase.ARCHIVEDMay 2018
Celebrating Inefficiency: The Market's, Not Ours.
By being nimble and patient, by joining the dots to find left of field insights and by looking at the world through both a telescope and a microscope, we can find opportunities in corporate bond markets that others may miss. Discover how we go about this.ARCHIVEDApril 2018
Baillie Gifford Strategic Bond Fund - What's in a name?
The Baillie Gifford Corporate Bond Fund is changing its name to the Baillie Gifford Strategic Bond Fund. This is our Marathon to Snickers moment, the name is changing but the great recipe remains the same.
View all Insights.
Meet the Managers
Torcail joined Baillie Gifford in 2008 and is an Investment Manager in the Credit Team. Prior to joining Baillie Gifford, he worked as an Investment Analyst for the Alliance Trust’s UK Large Cap Equity Fund. Torcail graduated BA in Geography from the University of Cambridge in 2002 and MPhil in Management, Economics and International Relations from the University of St Andrews in 2005. Torcail is a member of the UK Society of Investment Professionals (UKSIP).
Lesley is an Investment Manager in the High Yield Team and is a CFA Charterholder. She previously worked for Scottish Widows Investment Partnership for 15 years, initially in the Investment Grade Team before moving to manage the company’s High Yield portfolios. Lesley graduated BSc (Hons) in Maths, Statistics & Economics from the University of Strathclyde in 2000.
How to Buy
You can invest in a range of our funds via a number of fund platforms and supermarkets, please see the links opposite. Further information on the funds can be found in the relevant Key Investor Information and Prospectus Documents, which are available in English and will be sent to you free of charge on request. Information on the range of funds available through platforms can be found in our Platform Matrix.
Baillie Gifford does not sponsor, maintain or have any control over the content of any other websites. Therefore, we are not responsible for the adequacy or accuracy of any of the information you may view, nor do we undertake to ensure successful transmission to any linked website.
OEIC Terms of Business
To buy and sell our funds, you must complete and return a copy of the document below, if you don't already have an agreement with us. In order for us to accept your business for our range of OEICs, please complete and return the Terms of Business Acceptance Form.
You can access any literature about the Fund here, either by downloading or requesting a copy by post (where available). To download any document you will need Adobe Reader. Please note that we can now provide you with Braille and audio transcriptions of our literature on request. It may take up to 10 days for the transcription to be completed dependent on the size of the document.
Enhanced Disclosure Document
Fund Ratings Reports
Key Investor Information Documents
Philosophy and Process Documents
General Investment Risk
Investment markets can go down as well as up and market conditions can change rapidly. The value of an investment in the Fund, and any income from it, can fall as well as rise and investors may not get back the amount invested.
Custody of assets involves a risk of loss if a custodian becomes insolvent or breaches duties of care.
Bonds and Inflation
Bonds issued by companies and governments may be adversely affected by changes in interest rates, expectations of inflation and a decline in the creditworthiness of the bond issuer. The issuers of bonds in which the Fund invests may not be able to pay the bond income as promised or could fail to repay the capital amount.
The Fund’s concentrated portfolio relative to similar funds may result in large movements in the share price in the short term.
Derivatives may be used to obtain, increase or reduce exposure to assets and may result in the Fund being leveraged. This may result in greater movements (down or up) in the price of shares in the Fund. It is not our intention that the use of derivatives will significantly alter the overall risk profile of the Fund.
The Fund’s share price can be volatile due to movements in the prices of the underlying holdings and the basis on which the Fund is priced.
A dilution adjustment may apply when you buy or sell shares in the Fund. This is applied to the share price and may reduce the return on your investment.
Under certain market conditions it can be difficult to buy or sell securities and even small purchases or sales can cause their prices to move significantly. To manage the effects of this, we may apply an increased dilution adjustment. As a result investors may face increased dealing costs.
Fees to capital
From 1 October 2019 the Fund’s expenses will be taken from the Fund’s capital. This will reduce the capital value of the Fund. The figure for the current financial period has not yet been determined.
Market values for illiquid securities which are difficult to trade may not be readily available, and there can be no assurance that any value assigned to them will reflect the price the Fund might receive upon their sale.
Tax rates and the tax treatment of OEICs can change at any time.