Fact sheet: Baillie Gifford Emg Mkts Bd

Fund information
Fund name
Baillie Gifford Emerging Markets Bond B Inc
Fund manager company
Baillie Gifford
Fund type
OEIC
Fund managers
  • Sally Greigsince 31/05/2014
  • Steven Haysince 30/06/2011
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 J.P. Morgan GBI-EM Global Diversified Index unhedged in sterling, or any successor or substitute index, in each case as modified from time to time 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 bonds issued by one or more of the following: sovereign, supranational, public sector and corporate issuers. Normally at least 75% of the Fund’s assets will be held in bonds issued by emerging market borrowers or bonds denominated in emerging market currencies, but the Fund may also invest in bonds denominated in any currency and issued by one or more of the following: sovereign, supranational, public sector and corporate issuers in developed markets. Currency forwards and derivatives may be used from time to time in keeping with the Fund’s objective, with the intention of altering the Fund’s currency or market exposure and either enhancing or protecting the return on the Fund. The inclusion of any particular market or geographic area, being an emerging market or area, is solely at the ACD’s discretion. The Fund will also have the ability to invest up to (but no more than) 10% in value of the Fund in each of the following: collective investment schemes and deposits.
Benchmark
  • JPM GBI EM Global Diversified Index
Investment style
Active
Investment method
Fixed Interest
Quick stats
1 Year return
23.8%
1 Year rank in sector
6/11
Sector
UT Global Emerging Market Bond
Yield
6.4%
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.
0.74%
Fund size
£694m (£515m 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.
105
Mid price
100.8
Top in this sector
Fund name1 Year
Threadneedle EmgMkt Bd27.2%
M&G Emerging Mkts Bd27.1%
Stan Life Inv EmMktDt26.2%
L&G Em Gov Bd (US$) Index25.2%
Investec EmgMktsBdDbt24.2%
...more in UT Global Emerging Market Bond

Performance snapshot

Holdings snapshot

  • Indonesia15.4%
    Russia13.8%
    Malaysia10.7%
    Brazil9.5%
    Thailand6.5%
  • No data available.
  • Indonesian Fixed Interest15.4%
    Russian Fixed Interest13.8%
    Malaysian Fixed Interest10.7%
    Brazilian Fixed Interest9.5%
    Thai Fixed Interest6.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-9.7%-0.4%14.2%23.8%4.2%2.8%
Sector-8.3%-2.3%11.5%19%18.9%22.5%
Rank within sector8 / 123 / 126 / 126 / 1110 / 106 / 7
Quartile3rd1st2nd3rd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund25.2%-12.1%-3.7%-14.1%12.4%
Sector20%-4.2%4.3%-9.6%11.9%
Rank within sector4 / 119 / 1110 / 1010 / 103 / 7
Quartile2nd4th4th4th2nd
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.
-6.25
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.
1.36
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
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%.
14.09
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.
4.4
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.
-0.94
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.
0.97
Price movement
52 week high112.6
52 week low81.03
Current bid price-
Current offer price-
Current mid price100.8
Region
1Indonesia15.4%
2Russia13.8%
3Malaysia10.7%
4Brazil9.5%
5Thailand6.5%
6South Africa6.4%
7Colombia5.9%
8Mexico4.7%
9Turkey4.3%
Industry sector
No data available.
Asset type
1Indonesian Fixed Interest15.4%
2Russian Fixed Interest13.8%
3Malaysian Fixed Interest10.7%
4Brazilian Fixed Interest9.5%
5Thai Fixed Interest6.5%
6South African Fixed Interest6.4%
7American Emerging Fixed Interest5.9%
8Mexican Fixed Interest4.7%
9Middle East & African Fixed Interest4.3%
Individual holdings
1MALAYSIA 3.654% 31/10/20196%
2INDONESIA(REPUBLIC OF) 8.75% BDS 15/05/31 IDR10000005%
3BRAZIL(FEDERATIVE REPUBLIC OF) 10% BDS 01/01/25 BRL10004.5%
4RUSSIAN FEDERATION MINISTRY FINANCE 7.6% BDS 20/07/22 RUB10003.9%
5RUSSIAN FEDERATION MINISTRY FINANCE 7% BDS 25/01/23 RUB10003.6%
6THAILAND(KINGDOM OF) 2.55% BDS 26/06/20 THB10003.4%
7TURKEY(REPUBLIC OF) 8.8% BDS 27/09/23 TRY10003.4%
8INDONESIA(REPUBLIC OF) 9% BDS 15/03/29 IDR10000003.1%
9INDONESIA(REPUBLIC OF) 12.8% TB 15/06/21 IDR1000000 FR00342.8%
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 J.P. Morgan GBI-EM Global Diversified Index unhedged in sterling, or any successor or substitute index, in each case as modified from time to time 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 bonds issued by one or more of the following: sovereign, supranational, public sector and corporate issuers. Normally at least 75% of the Fund’s assets will be held in bonds issued by emerging market borrowers or bonds denominated in emerging market currencies, but the Fund may also invest in bonds denominated in any currency and issued by one or more of the following: sovereign, supranational, public sector and corporate issuers in developed markets. Currency forwards and derivatives may be used from time to time in keeping with the Fund’s objective, with the intention of altering the Fund’s currency or market exposure and either enhancing or protecting the return on the Fund. The inclusion of any particular market or geographic area, being an emerging market or area, is solely at the ACD’s discretion. The Fund will also have the ability to invest up to (but no more than) 10% in value of the Fund in each of the following: collective investment schemes and deposits.
Benchmark
  • JPM GBI EM Global Diversified Index
Investment style
Active
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Sally Greig31/05/2014Sally graduated MA in Economics and Statistics from Edinburgh University in 1998 and also gained an MSc in Finance and Econometrics from the University of York in 2003. Prior to joining Baillie Gifford, she worked at the Bank of England from 2001 as an economist in the Foreign Exchange Division, and provided regular analysis to the MPC. She joined Baillie Gifford in October 2005 and is an Investment Manager in the Rates and Currencies Team.
Steven Hay30/06/2011Steven 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 IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Baillie Gifford Emerging Markets Bond A Inc
Initial charge3.5%
Annual charge1.3%
Min single investment£1,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.45%
Total expense ratio (TER)1.43%
Bid price-
Offer price-
Mid price100.3
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeCJO0
Baillie Gifford Emerging Markets Bond B Acc
Initial charge0.5%
Annual charge0.6%
Min single investment£10,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.72%
Total expense ratio (TER)0.72%
Bid price-
Offer price-
Mid price122.2
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0YH8
Baillie Gifford Emerging Markets Bond B Gr Acc
Initial charge0.5%
Annual charge0.6%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price120.2
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMS0I
Baillie Gifford Emerging Markets Bond B Inc
Initial charge0.5%
Annual charge0.6%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.74%
Total expense ratio (TER)0.73%
Bid price-
Offer price-
Mid price100.8
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeCJN9
Baillie Gifford Emerging Markets Bond C Inc
Initial charge-
Annual charge-
Min single investment£250,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.14%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0YH9
Data provided by

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