Prudential Baillie Gifford High Yield Bond S5

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

Performance

Discrete performance - to last month end

31/07/17
to
31/07/18
31/07/18
to
31/07/19
31/07/19
to
31/07/20
31/07/20
to
31/07/21
31/07/21
to
31/07/22
Fund 0.2% 3.5% -1.4% 4.2% -11.7%
Sector 0.3% 3.3% -1.0% 7.6% -9.3%
Rank 16/34 10/34 24/34 34/34 31/34
Quartile 2 2 3 4 4

Annualised performance

Annualised
3 Years to
31/07/22
5 Years to
31/07/22
10 Years to
31/07/22
Fund -3.2% -1.2% 2.3%
Sector -1.1% 0.0% 2.6%
Rank 33/34 33/34 20/31
Quartile 4 4 3

Top 10 Holdings

Stock % Weight
Burford Capital 6.25% 2028 (144a) 2.43
PaymentSense 8% 2025 2.39
Santander 4.375% 2026 Perp AT1 2.10
EDF 6% 2026 Perp 1.91
Rothesay Life 6.875% Perp 1.89
Bharti Airtel 5.65% 2025 Perp 1.87
LeasePlan 7.375% 2024 Perp AT1 1.79
Adevinta 3% 2027 1.71
Nielsen 5.625% 2028 (144A) 1.67
Iliad 5.125% 2026 1.62
Total 19.39

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

Lucy Isles manager of the underlying fund for 4 years and 7 months

Photo of Lucy Isles Lucy is an investment manager in the Credit Team and co-manager of our high yield bond funds. She leads the High Yield Portfolio Group and chairs the Governance and Sustainability Multi Asset and Fixed Income Working Group. Lucy joined Baillie Gifford in 2012 on the graduate scheme. She graduated MA (Hons) in International Relations and Modern History from the University of St Andrews in 2011.

Rob Baltzer manager of the underlying fund for 12 years and 2 months

Photo of Rob Baltzer Robert is Head of Credit Research and co-manager of the Global Strategic Bond Fund and our high yield funds. He is a member of the Investment Grade, Crossover and High Yield Portfolio Groups. Robert joined Baillie Gifford in 2001 on the graduate scheme. He graduated MMath from Durham University in 2001 and is a CFA Charterholder.

Fund Overview

Bid (16/08/2022) 136.70
Offer (16/08/2022) 136.70
Fund size (30/06/2022) £4.48m
Underlying Fund size £686.83m
Number of holdings 92
Launch date 25/01/2010

Fund Charges

Annual Management Charge (AMC) 1.90%
Further Costs 0.06%
Yearly Total 1.96%

Asset Allocation

pie chart
  International Bonds 74.03%
  UK Corporate Bonds 19.39%
  Cash and Equivalents 2.46%
  Alternative Trading Strategies 1.17%
  Other Assets 2.95%
Portfolio data accurate as at: 31/07/22

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.

Portfolio data accurate as at:

Asset Allocation

pie chart
  International Bonds 74.03%
  UK Corporate Bonds 19.39%
  Cash and Equivalents 2.46%
  Alternative Trading Strategies 1.17%
  Other Assets 2.95%

Bond Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Bonds 93.41% - - -
 
Non-Classified 2.95% - - -
 
Cash and Equivalents 2.46% - - -
 
Alternative Trading Strategies 1.17% - - -
 
Alternative Trading Strategies - 1.17% - -
 
Alternative Trading Strategies - - 1.17% -
 
Alternative Trading Strategies - - - 1.17%

Regional Allocation

pie chart
  Developed Europe - Excl UK 35.53%
  North America 28.81%
  UK 19.39%
  Non-Classified 4.12%
  Emerging Europe 4.11%
  Cash and Equivalents 2.46%
  Japan 2.15%
  Emerging Asia 1.87%
  South & Central America 1.55%

Fixed Interest Currencies

pie chart
  Euro 44.04%
  US Dollar 30.12%
  Pound Sterling 19.25%
  Non-Fixed Interest Assets 4.12%
  Cash 2.46%

Regional Breakdown

Expand allCollapse all
Region Country
 
Developed Europe - Excl UK 35.53% -
 
France - 8.25%
 
Netherlands - 6.19%
 
Luxembourg - 4.55%
 
Spain - 4.44%
 
Sweden - 2.34%
 
Italy - 2.16%
 
Ireland - 1.95%
 
Germany - 1.87%
 
Norway - 1.71%
 
Austria - 1.20%
 
Belgium - 0.84%
 
North America 28.81% -
 
United States - 28.81%
 
UK 19.39% -
 
United Kingdom - 19.39%
 
Non-Classified 4.12% -
 
Emerging Europe 4.11% -
 
Romania - 1.56%
 
Czech Republic - 1.53%
 
Poland - 1.03%
 
Cash and Equivalents 2.46% -
 
Japan 2.15% -
 
Japan - 2.15%
 
Emerging Asia 1.87% -
 
India - 1.87%
 
South & Central America 1.55% -
 
Mexico - 0.93%
 
Chile - 0.62%

Fixed Interest Maturity Profile

< 5Yr Maturity
 
 
32.77%
5Yr - 10Yr Maturity
 
 
45.56%
10Yr - 15Yr Maturity
 
 
0.50%
> 15Yr Maturity
 
 
14.58%
Cash And Equivalents
 
 
2.46%
Unknown Maturity
 
 
2.95%
Other Asset Types
 
 
1.17%

Fixed Interest Quality Profile

BBB
 
 
0.31%
Sub-Investment Grade
 
 
49.22%
Unknown Quality
 
 
43.89%
Cash and Equivalents
 
 
2.46%
Other Asset Types
 
 
4.12%

Top 10 Holdings

Stock % Weight Sector Country
1 Burford Capital 6.25% 2028 (144a) 2.43% Bonds United States
2 PaymentSense 8% 2025 2.39% Bonds United Kingdom
3 Santander 4.375% 2026 Perp AT1 2.10% Bonds Spain
4 EDF 6% 2026 Perp 1.91% Bonds France
5 Rothesay Life 6.875% Perp 1.89% Bonds United Kingdom
6 Bharti Airtel 5.65% 2025 Perp 1.87% Bonds India
7 LeasePlan 7.375% 2024 Perp AT1 1.79% Bonds Netherlands
8 Adevinta 3% 2027 1.71% Bonds Norway
9 Nielsen 5.625% 2028 (144A) 1.67% Bonds United States
10 Iliad 5.125% 2026 1.62% Bonds France

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 B5B1YL5
Mex Code PUBGHG
Isin Code GB00B5B1YL55
Citi Code I2Z9

Fund Charges

Annual Management Charge (AMC) 1.90%
Further Costs 0.06%
Yearly Total 1.96%

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 Crown Rating of 1

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.