Prudential Baillie Gifford High Yield Bond S2
Performance
Discrete performance - to last month end
| 30/09/19 to 30/09/20 |
30/09/20 to 30/09/21 |
30/09/21 to 30/09/22 |
30/09/22 to 30/09/23 |
30/09/23 to 30/09/24 |
|
|---|---|---|---|---|---|
| Fund | -1.8% | 5.7% | -17.3% | 7.4% | 12.3% |
| Sector | -1.2% | 7.7% | -13.8% | 8.1% | 11.1% |
| Rank | 28/30 | 29/30 | 29/30 | 20/30 | 9/30 |
| Quartile | 4 | 4 | 4 | 3 | 2 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/09/24 |
5 Years to 30/09/24 |
10 Years to 30/09/24 |
||
| Fund | -0.1% | 0.7% | 1.8% | |
| Sector | 1.2% | 1.9% | 2.5% | |
| Rank | 27/30 | 30/30 | 30/30 | |
| Quartile | 4 | 4 | 4 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| Barclays 7.125% 2025 Perp AT1 | 1.74 |
| Gannett Hdgs 6% 2026 (144A) | 1.66 |
| Brightline East 11% 2030 (144A) | 1.63 |
| Aggreko 6.125% 2026 (144A) | 1.60 |
| IMA E+3.75% FRN 2029 | 1.60 |
| UK T Bill 18/11/2024 | 1.57 |
| Teva Pharma 7.375% 2029 | 1.51 |
| EDF 6% 2026 Perp | 1.49 |
| Neopharmed 7.125% 2030 | 1.47 |
| Kier Group 9% 2029 | 1.34 |
| Total | 15.62 |
Fund Aims
Objective: The investment strategy of the fund is to purchase units in the Baillie Gifford High Yield Bond Fund - the underlying fund.
Underlying Fund Objective: The fund aims to produce a combination of income and capital growth and will invest at least 80% in sub-investment grade bonds and will be actively managed. To the extent that the sub-fund is not fully invested in sub investment grade bonds, the sub-fund may also invest in other bonds, shares, other transferable securities, money market instruments, deposits and cash. The bonds in which the sub-fund invests will be denominated in sterling or denominated in other currencies and hedged back to sterling. The sub-fund may use derivatives and currency forwards for both investment purposes and in the management of risk.
Fund Manager
Faisal is an investment manager in the Credit Team, co-managing our High Yield Bond Strategy. Before joining Baillie Gifford in 2018, he worked for four years at PwC where he qualified as a chartered accountant in corporate finance, before moving to Aberdeen Standard Investments in 2016 as a high yield credit analyst. Faisal graduated BSc in Economics from the London School of Economics and Political Science in 2011 and is a CFA Charterholder.
Arthur Milson is an investment manager in the Credit Team. He is co-manager of our high yield bond funds and a member of the High Yield Portfolio Group. Before joining Baillie Gifford in 2022, Arthur worked for abrdn/Standard Life Investments for 16 years, where he was responsible for managing a number of high yield funds. Arthur graduated BSc Biological Sciences from The University of Edinburgh in 1992, has a postgraduate diploma in Commerce from The University of Wollongong and is a Chartered Accountant.
Fund Overview
| Bid (04/10/2024) | 162.00 |
| Offer (04/10/2024) | 170.60 |
| Fund size (31/08/2024) | £3.89m |
| Underlying Fund size | £314.66m |
| Number of holdings | 121 |
| Launch date | 25/01/2010 |
Fund Charges
| Annual Management Charge (AMC) | 1.35% |
| Further Costs | 0.04% |
| Yearly Total | 1.39% |
Asset Allocation
| International Bonds | 87.88% | |
| UK Corporate Bonds | 8.73% | |
| Alternative Trading Strategies | 1.11% | |
| Cash and Equivalents | -0.43% | |
| Other Assets | 2.71% |
Important Information
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of fund charges and further costs, but take no account of product charges, or any Annual Management Charge paid for by the deduction of units. Charges and further costs may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with net income reinvested. The value of your investment can go down as well as up so you might get back less than you put in.
This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Asset Allocation
| International Bonds | 87.88% | |
| UK Corporate Bonds | 8.73% | |
| Alternative Trading Strategies | 1.11% | |
| Cash and Equivalents | -0.43% | |
| Other Assets | 2.71% |
Bond Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 96.62% | - | - | - | |
| Non-Classified | 2.71% | - | - | - | |
| Alternative Trading Strategies | 1.11% | - | - | - | |
| Alternative Trading Strategies | - | 1.11% | - | - | |
| Alternative Trading Strategies | - | - | 1.11% | - | |
| Alternative Trading Strategies | - | - | - | 1.11% | |
| Cash and Equivalents | -0.43% | - | - | - | |
Regional Allocation
| Developed Europe - Excl UK | 45.02% | |
| North America | 36.34% | |
| Non-Classified | 9.37% | |
| UK | 8.73% | |
| Developed Asia | 0.55% | |
| Emerging Europe | 0.43% | |
| Cash and Equivalents | -0.43% |
Fixed Interest Currencies
| US Dollar | 43.30% | |
| Euro | 41.54% | |
| Pound Sterling | 11.78% | |
| Non-Fixed Interest Assets | 3.82% | |
| Cash | -0.43% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Developed Europe - Excl UK | 45.02% | - | |
France
|
- | 10.02% | |
Germany
|
- | 8.13% | |
Netherlands
|
- | 7.83% | |
Italy
|
- | 6.81% | |
Luxembourg
|
- | 6.55% | |
Spain
|
- | 2.52% | |
Ireland
|
- | 2.27% | |
Austria
|
- | 0.88% | |
| North America | 36.34% | - | |
United States
|
- | 35.76% | |
Canada
|
- | 0.58% | |
| Non-Classified | 9.37% | - | |
| UK | 8.73% | - | |
United Kingdom
|
- | 8.73% | |
| Developed Asia | 0.55% | - | |
Singapore
|
- | 0.55% | |
| Emerging Europe | 0.43% | - | |
Poland
|
- | 0.43% | |
| Cash and Equivalents | -0.43% | - | |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
59.97% |
| 5Yr - 10Yr Maturity |
|
28.97% |
| > 15Yr Maturity |
|
7.68% |
| Cash And Equivalents |
|
-0.43% |
| Unknown Maturity |
|
2.71% |
| Other Asset Types |
|
1.11% |
Fixed Interest Quality Profile
| BBB |
|
2.68% |
| Sub-Investment Grade |
|
50.78% |
| Unknown Quality |
|
43.16% |
| Cash and Equivalents |
|
-0.43% |
| Other Asset Types |
|
3.82% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | Barclays 7.125% 2025 Perp AT1 | 1.74% | Non-Classified | Non-Classified |
| 2 | Gannett Hdgs 6% 2026 (144A) | 1.66% | Bonds | United States |
| 3 | Brightline East 11% 2030 (144A) | 1.63% | Bonds | United States |
| 4 | Aggreko 6.125% 2026 (144A) | 1.60% | Bonds | Luxembourg |
| 5 | IMA E+3.75% FRN 2029 | 1.60% | Bonds | Non-Classified |
| 6 | UK T Bill 18/11/2024 | 1.57% | Bonds | United Kingdom |
| 7 | Teva Pharma 7.375% 2029 | 1.51% | Bonds | Non-Classified |
| 8 | EDF 6% 2026 Perp | 1.49% | Bonds | France |
| 9 | Neopharmed 7.125% 2030 | 1.47% | Bonds | Italy |
| 10 | Kier Group 9% 2029 | 1.34% | Bonds | United Kingdom |
Important Information
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use.
This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | B598FM6 |
| Mex Code | PUPBGH |
| Isin Code | GB00B598FM62 |
| Citi Code | I2Z7 |
Fund Charges
| Annual Management Charge (AMC) | 1.35% |
| Further Costs | 0.04% |
| Yearly Total | 1.39% |
Aims and Benchmark
| Aims | Objective: The investment strategy of the fund is to purchase units in the Baillie Gifford High Yield Bond Fund - the underlying fund. Underlying Fund Objective: The fund aims to produce a combination of income and capital growth and will invest at least 80% in sub-investment grade bonds and will be actively managed. To the extent that the sub-fund is not fully invested in sub investment grade bonds, the sub-fund may also invest in other bonds, shares, other transferable securities, money market instruments, deposits and cash. The bonds in which the sub-fund invests will be denominated in sterling or denominated in other currencies and hedged back to sterling. The sub-fund may use derivatives and currency forwards for both investment purposes and in the management of risk. |
| Benchmark | Investment Association Sterling High Yield sector average |
| ABI Sector | Sterling High Yield |
Ratings
| FE Crown |  |
Important Information
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
Charges and further costs may vary in the future and may be higher than they are now.
This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
Some funds may invest in ‘underlying’ funds or other investment vehicles. The performance of our fund, compared to what it’s invested in won’t be exactly the same. That can be due to additional charges, cash management (needed to help people to enter and leave our fund when they want), tax and the timing of investments (this is known as a fund’s dealing cycle, it varies between managers and can be several days).
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of fund charges and further costs, but take no account of product charges, or any Annual Management Charge paid for by the deduction of units. Charges and further costs may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with net income reinvested. The value of your investment can go down as well as up so you might get back less than you put in.
This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
"Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.