Fact sheet: Baillie Gifford Corp Bd

Fund information
Fund name
Baillie Gifford Corporate Bond B Inc
Fund manager company
Baillie Gifford
Fund type
OEIC
Fund managers
  • Stephen Rodgersince 01/09/2000
  • Torcail Stewartsince 18/06/2010
Accolades
Fund objective
The Fund aims to produce a high level of monthly income by investing primarily in a diversified portfolio of investment grade and sub-investment grade fixed interest securities denominated in sterling or denominated in currencies other than sterling and hedged back to sterling. Currency forwards and derivatives may be used from time to time 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.
Benchmark
  • 70%BAML £ NonGilts 30%BAML European Currencies High Yield Constrained hedgedto£
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
11%
1 Year rank in sector
9/81
Sector
UT Sterling Strategic Bond
Yield
3.7%
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.
0.53%
Fund size
£604m (£509m 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.
41
Mid price
86.83
Top in this sector
Fund name1 Year
Natixis LS Stgc Inc15.4%
Fidelity UK Inv Grd Lg Cr14%
AXA Framlington Mgd Inc12.6%
Insight Infln Link Corp Bd12.5%
Fidelity I Stg Cr + Bd12.1%
...more in UT Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • International96.6%
    Money Market3.4%
  • Insurance20.9%
    Asset/Mortgage-Backed Securities11%
    Others10.2%
    Media9.8%
    Telecommunications8.4%
  • Global Fixed Interest96.6%
    Money Market3.4%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%2.9%1.1%11%19.1%43.8%
Sector0.2%2.1%0.1%7.4%13.5%29.4%
Rank within sector67 / 8512 / 8533 / 849 / 8116 / 744 / 63
Quartile4th1st2nd1st1st1st
Calendar performance
 YTD - 20172016201520142013
Fund2.1%10.1%-0.8%10.2%3.2%
Sector1.6%7.3%-0.3%6.8%2.6%
Rank within sector17 / 8513 / 7958 / 7517 / 7335 / 65
Quartile1st1st4th1st3rd
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.
0.26
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.
1.38
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.
0.54
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%.
4.97
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
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.
0.91
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.
0.91
Price movement
52 week high87.84
52 week low80.32
Current bid price-
Current offer price-
Current mid price86.83
Region
1International96.6%
2Money Market3.4%
Industry sector
1Insurance20.9%
2Asset/Mortgage-Backed Securities11%
3Others10.2%
4Media9.8%
5Telecommunications8.4%
6Financial Services5.5%
7Real Estate5%
8Energy4.5%
9Retail4.1%
Asset type
1Global Fixed Interest96.6%
2Money Market3.4%
Individual holdings
1BERTELSMANN 3.5% UNDATED BDS EUR1000002.8%
2PENSION INSURANCE CORP PLC 6.5% SUBORD NTS 03/07/24 GBP1000002.8%
3ZIGGO FINANCE BV 4.625% NTS 15/01/25 EUR100000 144A2.5%
4SUBSEA 7 1% 2017 CONVERTIBLE2.3%
5ADMIRAL GROUP PLC 5.5% SUB NTS 25/07/24 GBP1000002.2%
6RSA INSURANCE GROUP PLC 5.125% BDS 10/10/45 GBP1000002.2%
7TELEREAL SECURITISATION 6.1645% AST BKD BDS 10/12/31 GBP1000`B4`2.2%
8BUPA 6.125% 2020 PERP2.1%
9GLOBAL SWITCH HLDGS LTD 4.375% MTN 13/12/22 GBP1000002%
Management
Fund manager group
Baillie Gifford
Fund manager company
Baillie Gifford
Fund type
OEIC
Fund objective
The Fund aims to produce a high level of monthly income by investing primarily in a diversified portfolio of investment grade and sub-investment grade fixed interest securities denominated in sterling or denominated in currencies other than sterling and hedged back to sterling. Currency forwards and derivatives may be used from time to time 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.
Benchmark
  • 70%BAML £ NonGilts 30%BAML European Currencies High Yield Constrained hedgedto£
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Stephen Rodger01/09/2000Stephen graduated BSc (Hons) in Management Science from the University of St Andrews in 1990 and an MA in Accounting and Finance from the London School of Economics in 1994. He joined Baillie Gifford in 2000 and is Head of the Credit Team. Stephen became a Partner in 2008.
Torcail Stewart18/06/2010Torcail graduated BA in Geography from Cambridge University in 2002 and with an M.Phil in Management, Economics and International Relations from the University of St Andrews in 2005. From 2006 to 2008 he worked as an Investment Analyst for the Alliance Trust’s UK Large Cap equity fund. Torcail is a member of the UK Society of Investment Professionals (UKSIP). He joined Baillie Gifford in 2008 and is an Investment Manager in the Credit Team.
Compliance
IA Recognised, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Baillie Gifford Corporate Bond A Acc
Initial charge5%
Annual charge1%
Min single investment£1,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.03%
Total expense ratio (TER)1.02%
Bid price-
Offer price-
Mid price190.9
CurrencyGBX
Price updated27/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBE81
Baillie Gifford Corporate Bond A Inc
Initial charge5%
Annual charge1%
Min single investment£1,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.03%
Total expense ratio (TER)1.02%
Bid price-
Offer price-
Mid price82.21
CurrencyGBX
Price updated27/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeBG12
Baillie Gifford Corporate Bond B Acc
Initial charge1%
Annual charge0.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.53%
Total expense ratio (TER)0.52%
Bid price-
Offer price-
Mid price203.8
CurrencyGBX
Price updated27/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBE87
Baillie Gifford Corporate Bond B Inc
Initial charge1%
Annual charge0.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.53%
Total expense ratio (TER)0.52%
Bid price-
Offer price-
Mid price86.83
CurrencyGBX
Price updated27/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeBG73
Baillie Gifford Corporate Bond C Acc
Initial charge-
Annual charge-
Min single investment£250,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.06%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0ZWP
Data provided by

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