Prudential Baillie Gifford High Yield Bond S2

Essentials Portfolio Analysis Background Data Performance View PDF Factsheet
Portfolio data accurate as at:

Performance

Discrete performance - to last month end

30/09/15
to
30/09/16
30/09/16
to
30/09/17
30/09/17
to
30/09/18
30/09/18
to
30/09/19
30/09/19
to
30/09/20
Fund 6.9% 6.6% 0.6% 4.2% -1.8%
Sector 7.1% 5.4% 0.4% 3.2% -1.2%
Rank 26/36 12/37 25/38 13/38 33/38
Quartile 3 2 3 2 4

Annualised performance

Annualised
3 Years to
30/09/20
5 Years to
30/09/20
10 Years to
30/09/20
Fund 1.0% 3.2% 4.2%
Sector 0.8% 2.9% 3.5%
Rank 25/38 25/36 15/29
Quartile 3 3 2

Top 10 Holdings

Stock % Weight
Netflix 4.625% 2029 2.67
Unicredit 4.875% 2024/29 2.04
Darling Ingredients 3.625% 2026 2.01
First Cash 4.625% 2028 (144A) 1.85
Co-operative Group 7.5% 2026 1.84
LeasePlan 7.375% 2024 Perp AT1 1.72
Virgin Media 5% 2027 1.71
James Hardie 3.625% 2026 1.65
Cheniere Energy 4.625% 2028 (144A) 1.62
Dometic Group 3% 2026 1.58
Total 18.69

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 high level of return by investing in a diversified portfolio consisting primarily of sub-investment grade bonds. 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 the fund may be invested in Government and Public securities.

Fund Manager

Lucy Isles manager of the underlying fund for 2 years and 9 months

Photo of Lucy Isles Lucy Isles - graduated MA (Hons) in International Relations and Modern History from the University of St Andrews in 2011. Lucy joined Baillie Gifford in 2012 and is an Investment Manager in the High Yield Team.

Rob Baltzer manager of the underlying fund for 10 years and 4 months

Photo of Rob Baltzer Robert graduated with MMath from Durham University in 2001. He joined Baillie Gifford in the same year and is an Investment Manager in the Credit Team. Robert is a CFA Charterholder and is the chair of the trustees of our own Pension Fund.

Fund Overview

Bid (26/10/2020) 156.00
Offer (26/10/2020) 164.20
Fund size (31/08/2020) £4.08m
Underlying Fund size £818.29m
Number of holdings 95
Launch date 25/01/2010

Fund Charges

Annual Management Charge (AMC) 1.35%
Further Costs 0.06%
Yearly Total 1.41%

Asset Allocation

pie chart
  International Bonds 81.18%
  UK Corporate Bonds 16.86%
  Alternative Trading Strategies 1.46%
  Cash and Equivalents 0.50%
Portfolio data accurate as at: 30/09/20

Important Information

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: FundsLibrary. Source of performance data: Financial Express (FE). 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 FundsLibrary, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Portfolio data accurate as at:

Asset Allocation

pie chart
  International Bonds 81.18%
  UK Corporate Bonds 16.86%
  Alternative Trading Strategies 1.46%
  Cash and Equivalents 0.50%

Bond Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Bonds 98.04% - - -
 
Alternative Trading Strategies 1.46% - - -
 
Alternative Trading Strategies - 1.46% - -
 
Alternative Trading Strategies - - 1.46% -
 
Alternative Trading Strategies - - - 1.46%
 
Cash and Equivalents 0.50% - - -

Regional Allocation

pie chart
  Developed Europe - Excl UK 39.81%
  North America 32.10%
  UK 18.37%
  Emerging Europe 2.68%
  South & Central America 2.51%
  Japan 1.64%
  Other Regions 2.89%

Fixed Interest Currencies

pie chart
  Euro 50.17%
  US Dollar 26.44%
  Pound Sterling 21.43%
  Non-Fixed Interest Assets 1.46%
  Cash 0.50%

Regional Breakdown

Expand allCollapse all
Region Country
 
Developed Europe - Excl UK 39.81% -
 
Netherlands - 10.56%
 
France - 6.02%
 
Italy - 5.47%
 
Ireland - 4.29%
 
Luxembourg - 4.02%
 
Sweden - 3.45%
 
Germany - 3.40%
 
Portugal - 1.32%
 
Spain - 1.28%
 
North America 32.10% -
 
United States - 32.10%
 
UK 18.37% -
 
United Kingdom - 16.86%
 
Jersey - 1.51%
 
Emerging Europe 2.68% -
 
Czech Republic - 1.48%
 
Romania - 1.20%
 
South & Central America 2.51% -
 
Mexico - 1.60%
 
Panama - 0.70%
 
Chile - 0.21%
 
Japan 1.64% -
 
Japan - 1.64%
 
Non-Classified 1.46% -
 
Middle East & Africa 0.93% -
 
South Africa - 0.93%
 
Cash and Equivalents 0.50% -

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
40.15%
5Yr - 10Yr Maturity
 
 
48.68%
10Yr - 15Yr Maturity
 
 
0.93%
> 15Yr Maturity
 
 
8.28%
Cash And Equivalents
 
 
0.50%
Other Asset Types
 
 
1.46%

Fixed Interest Quality Profile

BBB
 
 
5.68%
Sub-Investment Grade
 
 
55.32%
Unknown Quality
 
 
37.04%
Cash and Equivalents
 
 
0.50%
Other Asset Types
 
 
1.46%

Top 10 Holdings

Stock % Weight Sector Country
1 Netflix 4.625% 2029 2.67% Bonds United States
2 Unicredit 4.875% 2024/29 2.04% Bonds Italy
3 Darling Ingredients 3.625% 2026 2.01% Bonds Netherlands
4 First Cash 4.625% 2028 (144A) 1.85% Bonds United States
5 Co-operative Group 7.5% 2026 1.84% Bonds United Kingdom
6 LeasePlan 7.375% 2024 Perp AT1 1.72% Bonds Netherlands
7 Virgin Media 5% 2027 1.71% Bonds United Kingdom
8 James Hardie 3.625% 2026 1.65% Bonds Ireland
9 Cheniere Energy 4.625% 2028 (144A) 1.62% Bonds United States
10 Dometic Group 3% 2026 1.58% Bonds Sweden

Important Information

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 FundsLibrary, 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 0.06%
Yearly Total 1.41%

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 high level of return by investing in a diversified portfolio consisting primarily of sub-investment grade bonds. 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 the fund may be invested in Government and Public securities.
Benchmark Investment Association Sterling High Yield sector average
Sector ABI Sterling High Yield

Ratings

FE Crown Crown Rating of 3

Important Information

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 FundsLibrary, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.

Important Information

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: Financial Express (FE). 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 FundsLibrary, 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.