Prudential Baillie Gifford High Yield Bond Ser A
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 - 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.
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
| International Bonds | 80.16% | |
| UK Corporate Bonds | 17.89% | |
| Cash and Equivalents | 3.15% | |
| Other Assets | -1.20% |
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.
Asset Allocation
| International Bonds | 80.16% | |
| UK Corporate Bonds | 17.89% | |
| Cash and Equivalents | 3.15% | |
| Other Assets | -1.20% |
Bond Sector Breakdown
| 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
| 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
| 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
| 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 |  |
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.
