Fact sheet: Baillie Gifford Global Bond

Fund information
Fund name
Baillie Gifford Global Bond B Inc
Fund manager company
Baillie Gifford
Fund type
OEIC
Fund managers
  • Philip Annensince 31/05/2006
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 JP Morgan Global Government Bond 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 fixed interest securities in the member countries from time to time of the Organisation for Economic Co-operation and Development. 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. More than 35% in value of the property of Baillie Gifford Global Bond Fund may be invested in Government and public securities (“GAPS”):- 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; and/or 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 no more than 35% in value of the property of Baillie Gifford Global Bond Fund is or has at any point been invested in such Government and public securities.
Benchmark
  • JP Morgan Global Government Bond index
Investment style
Active
Investment method
Fixed Interest
Quick stats
1 Year return
22%
1 Year rank in sector
9/67
Sector
UT Global Bonds
Yield
1.2%
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.
0.4%
Fund size
£77m (£64m 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.
79
Mid price
168.6
Top in this sector
Fund name1 Year
M&G Global gvt bnd28.7%
Aberdeen World Gov Bd24%
M&G Global Macro Bond23.7%
Threadneedle EurpHdBd22.9%
BlackRock OseaCorBdTrk22.9%
...more in UT Global Bonds

Performance snapshot

Holdings snapshot

  • USA34.7%
    Japan18.3%
    France14.2%
    Italy6.9%
    UK6.6%
  • No data available.
  • US Fixed Interest34.7%
    Japanese Fixed Interest18.3%
    French Fixed Interest14.2%
    Italian Fixed Interest6.9%
    UK Fixed Interest6.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-5.9%-1.9%8.9%22%26.8%18.3%
Sector-2.8%-1.5%5.2%11.5%13.7%19.4%
Rank within sector59 / 7036 / 6916 / 699 / 6710 / 5727 / 47
Quartile4th3rd1st1st1st3rd
Calendar performance
 YTD - 20162015201420132012
Fund19.7%2.8%4.5%-8.8%-0.8%
Sector11.4%-1.3%3.8%-2%6.1%
Rank within sector13 / 673 / 6131 / 5854 / 5541 / 47
Quartile1st1st3rd4th4th
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.
-0.74
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.
1.54
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.
0.46
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%.
10.83
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.
5.67
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.
0.39
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.
0.82
Price movement
52 week high183.7
52 week low139.1
Current bid price-
Current offer price-
Current mid price168.6
Region
1USA34.68%
2Japan18.25%
3France14.24%
4Italy6.9%
5UK6.55%
6Netherlands6.44%
7Greece3%
8Spain2.96%
9Germany2.53%
Industry sector
No data available.
Asset type
1US Fixed Interest34.68%
2Japanese Fixed Interest18.25%
3French Fixed Interest14.24%
4Italian Fixed Interest6.9%
5UK Fixed Interest6.55%
6Dutch Fixed Interest6.44%
7Greek Fixed Interest3%
8Spanish Fixed Interest2.96%
9German Fixed Interest2.53%
Individual holdings
1UNITED STATES OF AMER TREAS NOTES 0.125% NTS 15/04/19 USD100014.16%
2FRANCE(GOVT OF) 3.75% BDS 25/04/21 EUR114.15%
3US TREASURY 4.25% 15/05/203911.45%
4JAPAN(GOVERNMENT OF) 2.3% BDS 20/06/35 JPY100000010.62%
5JAPAN(GOVERNMENT OF) 0.7% BDS 20/12/22 JPY100007.52%
6BTPS 1.5% 01/06/20256.85%
7NETHERLANDS(KINGDOM OF) 2% BDS 15/07/24 EUR16.4%
8UNITED STATES OF AMER TREAS NOTES 1.125% BDS 28/02/21 USD1005.03%
9UNITED STATES OF AMER TREAS BONDS 2% BDS 15/08/25 USD1003.81%
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 JP Morgan Global Government Bond 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 fixed interest securities in the member countries from time to time of the Organisation for Economic Co-operation and Development. 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. More than 35% in value of the property of Baillie Gifford Global Bond Fund may be invested in Government and public securities (“GAPS”):- 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; and/or 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 no more than 35% in value of the property of Baillie Gifford Global Bond Fund is or has at any point been invested in such Government and public securities.
Benchmark
  • JP Morgan Global Government Bond index
Investment style
Active
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Philip Annen31/05/2006Phil graduated MSc in Physics from the University of Bern in 1997 and with an MSc in Financial Maths from the University of Edinburgh in 1998. He joined Baillie Gifford in 1999 and worked in the Risk Department before becoming a Fixed Income Investment Manager in 2002. He is a member the Rates and Currencies Team and has been managing the Global Bond Fund since 2006.
Compliance
IA Recognised, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Baillie Gifford Global Bond A Inc
Initial charge3.5%
Annual charge1%
Min single investment£1,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)1.06%
Bid price-
Offer price-
Mid price167.3
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeDZO2
Baillie Gifford Global Bond B Gr Acc
Initial charge0.5%
Annual charge0.35%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price169.3
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMS0J
Baillie Gifford Global Bond B Inc
Initial charge0.5%
Annual charge0.35%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.4%
Total expense ratio (TER)0.4%
Bid price-
Offer price-
Mid price168.6
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0YHA
Data provided by

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