Baillie Gifford Strategic Bond Class B Inc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 31/03/21 to 31/03/22 |
31/03/22 to 31/03/23 |
31/03/23 to 31/03/24 |
31/03/24 to 31/03/25 |
31/03/25 to 31/03/26 |
|
|---|---|---|---|---|---|
| Fund | -5.2% | -9.4% | 9.4% | 6.7% | 3.5% |
| Sector | -2.2% | -5.7% | 7.2% | 5.0% | 4.8% |
| Rank | 66/70 | 64/76 | 24/78 | 23/81 | 73/86 |
| Quartile | 4 | 4 | 2 | 2 | 4 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/03/26 |
5 Years to 31/03/26 |
10 Years to 31/03/26 |
||
| Fund | 6.5% | 0.7% | 3.4% | |
| Sector | 5.7% | 1.7% | 3.1% | |
| Rank | 29/78 | 55/70 | 24/53 | |
| Quartile | 2 | 4 | 2 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| Telereal FRN 2031 (C1) | 2.64 |
| DNB Bank 4% 2026/27 | 2.27 |
| Realty Income 5.125% 2034 | 2.25 |
| Rabobank Groep 3.957% 2028 | 2.13 |
| Zurich Financial Services 5.125% 2032/52 T2 | 2.02 |
| Mitchells & Butlers FRN 2033 (AB) | 1.93 |
| Pension Insurance Corp 8% 2033 T2 | 1.91 |
| EIB 5% 2039 | 1.89 |
| Pershing Square Holdings 3.25% 2030 | 1.86 |
| Banco Santander 5.625% 2030/31 | 1.78 |
| Total | 20.70 |
Fund Aims
Investment Objective The Sub-fund aims to produce monthly income. Opportunities for capital growth are also sought, subject to prevailing market conditions. Investment Policy The Sub-fund will invest at least 80% in a diversified portfolio of (1) investment grade and (2) sub-investment grade bonds, issued by corporate issuers, public bodies and supranationals, and (3) developed market government bonds. The Sub-fund will be actively managed through bond selection and strategic asset allocation. To the extent that the Sub-fund is not fully invested in such 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
Theo is an investment manager in the Credit Team, co-managing our Strategic Bond Strategy, and chair of the Corporate Credit Macro Group. Prior to joining Baillie Gifford in 2021, Theo was a financial journalist from 2019, with roles at news outlets including Bloomberg, Business Insider, and Mergermarket. Theo graduated BA in Music from Durham University in 2020 and is a CFA Charterholder.
Robert is Head of Credit Research and co-manager of the Strategic Bond Strategy. He joined Baillie Gifford in 2001 on the graduate scheme, becoming an investment grade bond manager in 2004 before going on to manage high yield portfolios in 2010. He is responsible for running the corporate credit portion of the Managed strategy. Robert has managed strategic bond strategies since 2012. He graduated MMath from Durham University in 2001 and is a CFA Charterholder.
Lesley is Head of Credit and co-manager of the Strategic Bond Strategy. She is a member of the Multi Asset and Income Leadership Group and the Sustainable Income Portfolio Construction Group. Lesley joined Baillie Gifford in 2016 and became a partner of the firm 2023. Prior to this, she spent 15 years at Scottish Widows Investment Partnership. Lesley graduated BSc (Hons) in Maths, Statistics & Economics from Strathclyde University in 2000 and is a CFA Charterholder.
Fund Overview
| Mid (02/04/2026) | 75.32p |
| Distribution yield | 5.50% |
| Underlying yield | 4.90% |
| Fund size (28/02/2026) | £320.67m |
| Number of holdings | 108 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.53% |
| Launch date | 26/02/1999 |
Asset Allocation
| International Bonds | 51.80% | |
| UK Corporate Bonds | 44.64% | |
| UK Gilts | 3.54% | |
| Alternative Trading Strategies | 0.01% | |
| Other Assets | 0.02% |
Important Information
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 ongoing charges, but take no account of product charges. Ongoing charges 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 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 | 51.80% | |
| UK Corporate Bonds | 44.64% | |
| UK Gilts | 3.54% | |
| Alternative Trading Strategies | 0.01% | |
| Other Assets | 0.02% |
Bond Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 99.98% | - | - | - | |
| Non-Classified | 0.02% | - | - | - | |
| Alternative Trading Strategies | 0.01% | - | - | - | |
| Alternative Trading Strategies | - | 0.01% | - | - | |
| Alternative Trading Strategies | - | - | 0.01% | - | |
| Alternative Trading Strategies | - | - | - | 0.01% | |
Regional Allocation
| UK | 48.92% | |
| Developed Europe - Excl UK | 28.07% | |
| North America | 17.64% | |
| Developed Asia | 3.03% | |
| Non-Classified | 1.27% | |
| Australia & New Zealand | 1.07% |
Fixed Interest Currencies
| Pound Sterling | 68.01% | |
| Euro | 18.57% | |
| US Dollar | 13.40% | |
| Non-Fixed Interest Assets | 0.02% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| UK | 48.92% | - | |
United Kingdom
|
- | 48.18% | |
Jersey
|
- | 0.74% | |
| Developed Europe - Excl UK | 28.07% | - | |
Luxembourg
|
- | 5.11% | |
Ireland
|
- | 4.87% | |
France
|
- | 3.38% | |
Spain
|
- | 2.99% | |
Norway
|
- | 2.94% | |
Netherlands
|
- | 2.89% | |
Italy
|
- | 2.18% | |
Germany
|
- | 2.12% | |
Belgium
|
- | 1.60% | |
| North America | 17.64% | - | |
United States
|
- | 16.25% | |
Canada
|
- | 1.39% | |
| Developed Asia | 3.03% | - | |
Singapore
|
- | 1.94% | |
Hong Kong
|
- | 1.09% | |
| Non-Classified | 1.27% | - | |
| Australia & New Zealand | 1.07% | - | |
Australia
|
- | 1.07% | |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
36.40% |
| 5Yr - 10Yr Maturity |
|
39.58% |
| 10Yr - 15Yr Maturity |
|
6.19% |
| > 15Yr Maturity |
|
17.81% |
| Unknown Maturity |
|
0.02% |
| Other Asset Types |
|
0.01% |
Fixed Interest Quality Profile
| AAA |
|
5.83% |
| AA |
|
7.05% |
| A |
|
13.91% |
| BBB |
|
27.12% |
| Sub-Investment Grade |
|
12.52% |
| Unknown Quality |
|
33.56% |
| Other Asset Types |
|
0.02% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | Telereal FRN 2031 (C1) | 2.64% | Bonds | United Kingdom |
| 2 | DNB Bank 4% 2026/27 | 2.27% | Bonds | Norway |
| 3 | Realty Income 5.125% 2034 | 2.25% | Bonds | United States |
| 4 | Rabobank Groep 3.957% 2028 | 2.13% | Bonds | Netherlands |
| 5 | Zurich Financial Services 5.125% 2032/52 T2 | 2.02% | Bonds | Ireland |
| 6 | Mitchells & Butlers FRN 2033 (AB) | 1.93% | Bonds | United Kingdom |
| 7 | Pension Insurance Corp 8% 2033 T2 | 1.91% | Bonds | United Kingdom |
| 8 | EIB 5% 2039 | 1.89% | Bonds | Luxembourg |
| 9 | Pershing Square Holdings 3.25% 2030 | 1.86% | Bonds | Ireland |
| 10 | Banco Santander 5.625% 2030/31 | 1.78% | Bonds | Spain |
Important Information
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 | 0594774 |
| Mex Code | BGCBBI |
| Isin Code | GB0005947741 |
| Citi Code | BG73 |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.53% |
Aims and Benchmark
| Aims | Investment Objective The Sub-fund aims to produce monthly income. Opportunities for capital growth are also sought, subject to prevailing market conditions. Investment Policy The Sub-fund will invest at least 80% in a diversified portfolio of (1) investment grade and (2) sub-investment grade bonds, issued by corporate issuers, public bodies and supranationals, and (3) developed market government bonds. The Sub-fund will be actively managed through bond selection and strategic asset allocation. To the extent that the Sub-fund is not fully invested in such 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 Strategic Bond sector average |
| Benchmark Category | - |
| IA Sector | £ Strategic Bond |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 10:00 |
| Fund type | OEIC |
| Launch price | £1.00 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Monthly |
| Distribution Type | Interest |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 31 December | 30 January |
| 31 January | 27 February |
| 28 February | 30 March |
| 31 March | 29 April |
| 30 April | 30 May |
| 31 May | 29 June |
| 30 June | 30 July |
| 31 July | 30 August |
| 31 August | 29 September |
| 30 September | 30 October |
| 31 October | 29 November |
| 30 November | 30 December |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 5.00% | Assuming a growth rate of 7.00% |
|---|---|
| 4.00% | - |
Fund Administration
| Fund Trustee/Depository | NatWest Trustee and Depositary Services Limited |
| Fund Administrator | Internal |
| Fund Registrar | Internal |
| Fund Custodian | Bank of New York Mellon Trust & Depositary Co. Ltd |
Group Details
| Group name | Baillie Gifford & Co |
| Group address | Calton Square 1 Greenside Row Edinburgh EH1 3AN |
| Group telephone | 0800 917 4752 |
| Dealing telephone | 0800 917 4750 |
| trustenquiries@bailliegifford.com | |
| Homepage | www.bailliegifford.com/intermediaries |
| Fax number | 0131 275 3955 |
Dealing
| Minimum Investment | £1000 |
| Minimum Top Up | £0 |
| Minimum Regular Saving | £50 |
| Settlement Period: Buy | 3 days |
| Settlement Period: Sell | 3 days |
| Pricing Basis | Forward |
| Dealing Decimals | - |
Important Information
Ongoing charges 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.