Fact sheet: Baillie Gifford ActILGilt+

Fund information
Fund name
Baillie Gifford Active Index-Linked Gilt Plus B Inc
Fund manager company
Baillie Gifford
Fund type
OEIC
Fund managers
  • Steven Haysince 01/02/2009
Fund objective
The objective is to produce a total return, before charges and expenses payable out of the Fund, in excess of the total return on the FTSE Actuaries UK Index-Linked Gilts Over 5 Years Index, or any successor or substitute index, by 1.5% per annum over rolling 3-year periods. There is no guarantee that a positive return will be achieved over rolling 3-year periods or any time period and capital may be at risk. The Fund will invest primarily in: UK government bonds: overseas government bonds: and quasi-government bonds, some of which may be issued by developing countries. Currency forwards and derivatives will be used, in keeping with the Fund's objective, with the intention of either protecting or enhancing the return on the Fund. No more than 10% in value of the property of the Fund will be invested in units of other collective investment schemes. More than 35% in value of the property of Baillie Gifford Active Index-Linked Gilt Plus Fund may be invested in Government and public securities (“GAPS”):- (a) issued by, or on behalf of, the same person provided that person is among the Government of the United Kingdom, of Northern Ireland, or of Eire, France, Germany, Luxembourg, Netherlands, Belgium, Denmark, Italy, Spain, Portugal, Greece, Austria, Finland, Sweden, Iceland, Norway, Liechtenstein, Australia, Canada, Japan, New Zealand, Switzerland or the United States of America; the International Bank for Reconstruction and Development (“the World Bank”), the European Investment Bank, the European Bank for Reconstruction and Development, the International Finance Corporation, or the Inter-American Development Bank; (b) guaranteed by the same person, provided that that person is among the Governments referred to in paragraph (a) above. As at the date of this Prospectus more than 35% in value of the property of Baillie Gifford Active Index-Linked Gilt Plus Fund was invested in such Government and public securities issued by the Government of the United Kingdom.
Benchmark
  • FTSE Actuaries UK Index Linked Over 5 Years
Investment style
Active
Investment method
Fixed Interest
Quick stats
1 Year return
17.2%
1 Year rank in sector
6/20
Sector
UT UK Index - Linked Gilts
Yield
0.6%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.38%
Fund size
£104m (£147m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
86
Mid price
179.5
Top in this sector
Fund name1 Year
Insight UK Index Linked Bond18.2%
Blackrock Inst Bd Idx Lkd17.3%
BlackRock Idx Lnkd Gilt Trckr17.3%
Newton Index Linked Gilt17.3%
AXA Sterling Idx Linked Bd17.3%
...more in UT UK Index - Linked Gilts

Performance snapshot

Holdings snapshot

  • UK99.7%
    Others0.3%
  • Government Bonds - UK98.4%
    Corporate Bonds1.3%
    Others0.3%
  • UK Gilts98.4%
    UK Corporate Fixed Interest1.3%
    Other International Fixed Interest0.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-6.1%-7.6%15%17.2%39.5%45.2%
Sector-4%-5.6%15.2%18%38.4%45.3%
Rank within sector9 / 216 / 212 / 206 / 208 / 197 / 15
Quartile2nd2nd1st2nd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund21.9%-1.2%17.9%-0.8%0.2%
Sector20.9%-1.2%18%-0.3%0.2%
Rank within sector1 / 2014 / 2017 / 1917 / 199 / 15
Quartile1st3rd4th4th3rd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-1.32
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.1
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.72
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
13.05
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
2.85
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.06
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.96
Price movement
52 week high197.5
52 week low147.8
Current bid price-
Current offer price-
Current mid price179.5
Region
1UK99.68%
2Others0.32%
Industry sector
1Government Bonds - UK98.35%
2Corporate Bonds1.33%
3Others0.32%
Asset type
1UK Gilts98.35%
2UK Corporate Fixed Interest1.33%
3Other International Fixed Interest0.32%
Individual holdings
1TREASURY 1.25% IDX-LKD GILT 22/11/55 GBP0.0111.49%
2TREASURY 0.375% IDX-LKD GILT 22/03/62 GBP10.21%
3TREASURY 0.5% IDX LKD GILT 22/3/50 GBP0.0110.04%
4TREASURY 1.25% IDX-LKD GILT 22/11/32 GBP0.019.13%
5TREASURY 0.625% IDX-LKD GILT 22/11/42 GBP9.08%
6TREASURY 0.75% IDX LKD GILT 22/11/47 GBP8.72%
7TREASURY 1.125% IDX GILT 22/11/37 GBP8.46%
8TREASURY 2% IDX-LINKED GILT 20357.88%
9TREASURY 1.25% IDX-LKD GILT 22/11/27 GBP0.017.15%
Management
Fund manager group
Baillie Gifford
Fund manager company
Baillie Gifford
Fund type
OEIC
Fund objective
The objective is to produce a total return, before charges and expenses payable out of the Fund, in excess of the total return on the FTSE Actuaries UK Index-Linked Gilts Over 5 Years Index, or any successor or substitute index, by 1.5% per annum over rolling 3-year periods. There is no guarantee that a positive return will be achieved over rolling 3-year periods or any time period and capital may be at risk. The Fund will invest primarily in: UK government bonds: overseas government bonds: and quasi-government bonds, some of which may be issued by developing countries. Currency forwards and derivatives will be used, in keeping with the Fund's objective, with the intention of either protecting or enhancing the return on the Fund. No more than 10% in value of the property of the Fund will be invested in units of other collective investment schemes. More than 35% in value of the property of Baillie Gifford Active Index-Linked Gilt Plus Fund may be invested in Government and public securities (“GAPS”):- (a) issued by, or on behalf of, the same person provided that person is among the Government of the United Kingdom, of Northern Ireland, or of Eire, France, Germany, Luxembourg, Netherlands, Belgium, Denmark, Italy, Spain, Portugal, Greece, Austria, Finland, Sweden, Iceland, Norway, Liechtenstein, Australia, Canada, Japan, New Zealand, Switzerland or the United States of America; the International Bank for Reconstruction and Development (“the World Bank”), the European Investment Bank, the European Bank for Reconstruction and Development, the International Finance Corporation, or the Inter-American Development Bank; (b) guaranteed by the same person, provided that that person is among the Governments referred to in paragraph (a) above. As at the date of this Prospectus more than 35% in value of the property of Baillie Gifford Active Index-Linked Gilt Plus Fund was invested in such Government and public securities issued by the Government of the United Kingdom.
Benchmark
  • FTSE Actuaries UK Index Linked Over 5 Years
Investment style
Active
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Steven Hay01/02/2009Steven graduated BAcc in Economics and Accountancy from the University of Glasgow in 1992 and completed an MSc in Economics from Warwick University in 1993. Prior to Baillie Gifford, Steven was a fixed income investment manager with Scottish Widows. His considerable experience includes seven years undertaking analysis and research for the Bank of England’s Monetary Policy Committee, and involvement in managing the UK’s foreign exchange reserves. Steven joined Baillie Gifford in 2004 and is Head of the Rates and Currencies Team.
Compliance
IA Recognised, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Baillie Gifford Active Index-Linked Gilt Plus B Gr Acc
Initial charge0.5%
Annual charge0.35%
Min single investment£250,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price179.4
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMS0G
Baillie Gifford Active Index-Linked Gilt Plus B Inc
Initial charge0.5%
Annual charge0.35%
Min single investment£250,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.38%
Total expense ratio (TER)0.38%
Bid price-
Offer price-
Mid price179.5
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKDU8
Baillie Gifford Active Index-Linked Gilt Plus G Gr Acc
Initial charge-
Annual charge0.25%
Min single investment£250,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.29%
Bid price-
Offer price-
Mid price240.7
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMW0H
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