Prudential Baillie Gifford High Yield Bond Ser A

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

Performance

Discrete performance - to last month end

31/07/14
to
31/07/15
31/07/15
to
31/07/16
31/07/16
to
31/07/17
31/07/17
to
31/07/18
31/07/18
to
31/07/19
Fund -0.9% 4.5% 8.7% 1.1% 5.4%
Sector 1.8% 4.0% 8.6% 0.9% 4.6%
Rank 45/47 17/50 17/52 20/53 21/53
Quartile 4 2 2 2 2

Annualised performance

Annualised
3 Years to
31/07/19
5 Years to
31/07/19
10 Years to
31/07/19
Fund 5.0% 3.7% n/a
Sector 4.6% 3.9% 7.6%
Rank 17/52 31/47 n/a
Quartile 2 3 n/a

Top 10 Holdings

Stock % Weight
Netflix 4.625% 2029 2.49
Unicredit 4.875% 2024/29 2.37
Darling Ingredients 3.625% 2026 2.32
Residomo 3.375% 2024 2.19
Aroundtown Properties 3.75% 2023 Perp 2.17
Co-operative Group 7.5% 2026 2.16
Equinix 2.875% 2025 1.93
Sally 5.625% 2025 1.90
Arqiva Group 6.75% 2023 1.83
LeasePlan 7.375% 2024 Perp AT1 1.74
Total 21.10

Fund Aims

The investment strategy of the fund is to purchase units in the Baillie Gifford High Yield Bond Fund. That 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 1 years and 7 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 9 years and 2 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 (23/08/2019) 175.40
Offer (23/08/2019) 184.60
Fund size (30/06/2019) £0.64m
Underlying Fund size £644.77m
Number of holdings 88
Launch date 25/01/2010

Fund Charges

Annual Management Charge (AMC) 1.45%
Further Costs 0.00%
Yearly Total 1.45%

Asset Allocation

pie chart
  International Bonds 80.16%
  UK Corporate Bonds 17.89%
  Cash and Equivalents 3.15%
  Other Assets -1.20%
Portfolio data accurate as at: 31/07/19

Important Information

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 gross 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 80.16%
  UK Corporate Bonds 17.89%
  Cash and Equivalents 3.15%
  Other Assets -1.20%

Bond Sector Breakdown

Expand allCollapse all
Industry Supersector Sector Subsector
 
Consumer Services 9.88% - - -
 
Basic Materials 4.54% - - -
 
Basic Resources - 2.53% - -
 
Chemicals - 2.01% - -
 
Chemicals - - 2.01% -
 
Specialty Chemicals - - - 2.01%
 
Consumer Goods 4.57% - - -
 
Personal & Household Goods - 1.64% - -
 
Financials 11.48% - - -
 
Insurance - 5.51% - -
 
Life Insurance - - 3.63% -
 
Life Insurance - - - 3.63%
 
Financial Services - 3.80% - -
 
Health Care 1.06% - - -
 
Health Care - 1.06% - -
 
Industrials 9.32% - - -
 
Industrial Goods & Services - 9.32% - -
 
General Industrials - - 6.15% -
 
Containers & Packaging - - - 3.99%
 
Diversified Industrials - - - 2.16%
 
Industrial Engineering - - 1.61% -
 
Oil & Gas 0.42% - - -
 
Oil & Gas - 0.42% - -
 
Alternative Energy - - 0.42% -
 
Technology 0.37% - - -
 
Technology - 0.37% - -
 
Technology Hardware & Equipment - - 0.37% -
 
Computer Hardware - - - 0.37%
 
Telecommunications 3.19% - - -
 
Telecommunications - 3.19% - -
 
Utilities 1.49% - - -
 
Utilities - 1.49% - -
 
Electricity - - 1.49% -
 
Conventional Electricity - - - 1.49%
 
Corporate Bonds 1.35% - - -
 
Corporate Bonds - 1.35% - -
 
Corporate Bonds - - 1.35% -
 
Corporate Bonds - - - 1.35%
 
Mortgage Backed securities 0.00% - - -
 
Mortgage backed securities - 0.00% - -
 
Mortgage backed securities - - 0.00% -
 
Mortgage backed securities - - - 0.00%
 
Non-Classified 49.18% - - -
 
Cash and Equivalents 3.15% - - -

Regional Allocation

pie chart
  Developed Europe - Excl UK 43.23%
  North America 28.95%
  UK 19.02%
  Cash and Equivalents 3.15%
  Japan 2.43%
  South & Central America 2.23%
  Other Regions 0.99%

Fixed Interest Currencies

pie chart
  Euro 57.44%
  Pound Sterling 21.42%
  US Dollar 18.22%
  Cash 3.15%
  Swiss Franc 0.97%
  Non-Fixed Interest Assets -1.20%

Regional Breakdown

Expand allCollapse all
Region Country
 
Developed Europe - Excl UK 43.23% -
 
Luxembourg - 7.77%
 
Netherlands - 7.70%
 
Italy - 7.21%
 
France - 6.70%
 
Ireland - 5.58%
 
Germany - 3.44%
 
Spain - 2.32%
 
Austria - 1.50%
 
Sweden - 1.01%
 
North America 28.95% -
 
United States - 28.95%
 
UK 19.02% -
 
United Kingdom - 17.89%
 
Jersey - 1.13%
 
Cash and Equivalents 3.15% -
 
Japan 2.43% -
 
Japan - 2.43%
 
South & Central America 2.23% -
 
Mexico - 2.23%
 
Emerging Europe 2.19% -
 
Czech Republic - 2.19%
 
Non-Classified -1.20% -

Fixed Interest Maturity Profile

5Yr - 10Yr Maturity
 
 
47.65%
< 5Yr Maturity
 
 
45.90%
> 15Yr Maturity
 
 
4.50%
Cash And Equivalents
 
 
3.15%
Other Asset Types
 
-1.20%

Fixed Interest Quality Profile

BBB
 
 
4.80%
Sub-Investment Grade
 
 
53.07%
Unknown Quality
 
 
40.18%
Cash and Equivalents
 
 
3.15%
Other Asset Types
 
-1.20%

Top 10 Holdings

Stock % Weight Sector Country
1 Netflix 4.625% 2029 2.49% Bonds United States
2 Unicredit 4.875% 2024/29 2.37% Bonds Italy
3 Darling Ingredients 3.625% 2026 2.32% Bonds Netherlands
4 Residomo 3.375% 2024 2.19% Bonds Czech Republic
5 Aroundtown Properties 3.75% 2023 Perp 2.17% Real Estate Investment & Services Netherlands
6 Co-operative Group 7.5% 2026 2.16% General Industrials United Kingdom
7 Equinix 2.875% 2025 1.93% Bonds United States
8 Sally 5.625% 2025 1.90% General Retailers United States
9 Arqiva Group 6.75% 2023 1.83% Bonds United Kingdom
10 LeasePlan 7.375% 2024 Perp AT1 1.74% Bonds Netherlands

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 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 B5B22S1
Mex Code PUBGHY
Isin Code GB00B5B22S12
Citi Code I2X6

Fund Charges

Annual Management Charge (AMC) 1.45%
Further Costs 0.00%
Yearly Total 1.45%

Aims and Benchmark

Aims The investment strategy of the fund is to purchase units in the Baillie Gifford High Yield Bond Fund. That 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 Merrill Lynch European Currency High Yield Constrained Index (HPCO) hedged into £.
Sector ABI Sterling High Yield

Ratings

FE Crown Crown Rating of 4

Important Information

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

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 gross 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 (PACL), which is registered in England and Wales. This name is also used by other companies within the Prudential Group. 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.