Prudential Baillie Gifford High Yield Bond Ser A
Performance
Discrete performance - to last month end
| 30/04/16 to 30/04/17 |
30/04/17 to 30/04/18 |
30/04/18 to 30/04/19 |
30/04/19 to 30/04/20 |
30/04/20 to 30/04/21 |
|
|---|---|---|---|---|---|
| Fund | 8.8% | 3.7% | 2.5% | -5.3% | 13.6% |
| Sector | 10.1% | 2.7% | 3.1% | -6.8% | 17.7% |
| Rank | 28/42 | 10/44 | 29/44 | 14/45 | 39/45 |
| Quartile | 3 | 1 | 3 | 2 | 4 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 30/04/21 |
5 Years to 30/04/21 |
10 Years to 30/04/21 |
||
| Fund | 3.3% | 4.4% | 5.1% | |
| Sector | 4.2% | 5.0% | 5.2% | |
| Rank | 36/44 | 30/42 | 15/32 | |
| Quartile | 4 | 3 | 2 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| PaymentSense 8% 2025 | 2.04 |
| Virgin Media 4.125% 2030 (144A) | 1.92 |
| Rothesay Life 6.875% Perp | 1.78 |
| Unicredit 4.875% 2024/29 | 1.78 |
| Sirius XM Radio 4.125% 2030 (144A) | 1.75 |
| ANGI Homeservices 3.875% 2028 (144A) | 1.74 |
| Paprec 4% 2025 | 1.73 |
| CrowdStrike 3% 2029 | 1.68 |
| Adevinta 3% 2027 | 1.66 |
| Canpack 2.375% 2027 | 1.61 |
| Total | 17.70 |
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 - 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 (14/05/2021) | 183.70 |
| Offer (14/05/2021) | 193.30 |
| Fund size (30/03/2021) | £0.77m |
| Underlying Fund size | £911.99m |
| Number of holdings | 94 |
| 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 | 78.97% | |
| UK Corporate Bonds | 19.28% | |
| Cash and Equivalents | 1.81% | |
| Alternative Trading Strategies | -0.07% |
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 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 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 | 78.97% | |
| UK Corporate Bonds | 19.28% | |
| Cash and Equivalents | 1.81% | |
| Alternative Trading Strategies | -0.07% |
Bond Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Bonds | 98.26% | - | - | - | |
| Cash and Equivalents | 1.81% | - | - | - | |
| Alternative Trading Strategies | -0.07% | - | - | - | |
| Alternative Trading Strategies | - | -0.07% | - | - | |
| Alternative Trading Strategies | - | - | -0.07% | - | |
| Alternative Trading Strategies | - | - | - | -0.07% | |
Regional Allocation
| Developed Europe - Excl UK | 34.91% | |
| North America | 34.46% | |
| UK | 20.62% | |
| Emerging Europe | 4.08% | |
| Cash and Equivalents | 1.81% | |
| South & Central America | 1.71% | |
| Emerging Asia | 1.50% | |
| Middle East & Africa | 0.97% | |
| Non-Classified | -0.07% |
Fixed Interest Currencies
| Euro | 44.92% | |
| US Dollar | 33.01% | |
| Pound Sterling | 20.33% | |
| Cash | 1.81% | |
| Non-Fixed Interest Assets | -0.07% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Developed Europe - Excl UK | 34.91% | - | |
Netherlands
|
- | 7.36% | |
France
|
- | 7.27% | |
Italy
|
- | 5.75% | |
Luxembourg
|
- | 3.70% | |
Sweden
|
- | 2.40% | |
Ireland
|
- | 2.00% | |
Germany
|
- | 1.96% | |
Norway
|
- | 1.66% | |
Austria
|
- | 1.03% | |
Finland
|
- | 1.00% | |
Belgium
|
- | 0.77% | |
| North America | 34.46% | - | |
United States
|
- | 34.46% | |
| UK | 20.62% | - | |
United Kingdom
|
- | 19.28% | |
Jersey
|
- | 1.34% | |
| Emerging Europe | 4.08% | - | |
Poland
|
- | 1.61% | |
Czech Republic
|
- | 1.36% | |
Romania
|
- | 1.11% | |
| Cash and Equivalents | 1.81% | - | |
| South & Central America | 1.71% | - | |
Mexico
|
- | 0.99% | |
Chile
|
- | 0.72% | |
| Emerging Asia | 1.50% | - | |
India
|
- | 1.50% | |
| Middle East & Africa | 0.97% | - | |
South Africa
|
- | 0.97% | |
| Non-Classified | -0.07% | - | |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
26.56% |
| 5Yr - 10Yr Maturity |
|
57.52% |
| 10Yr - 15Yr Maturity |
|
2.24% |
| > 15Yr Maturity |
|
11.93% |
| Cash And Equivalents |
|
1.81% |
| Other Asset Types |
|
-0.07% |
Fixed Interest Quality Profile
| BBB |
|
5.18% |
| Sub-Investment Grade |
|
50.14% |
| Unknown Quality |
|
42.94% |
| Cash and Equivalents |
|
1.81% |
| Other Asset Types |
|
-0.07% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | PaymentSense 8% 2025 | 2.04% | Bonds | United Kingdom |
| 2 | Virgin Media 4.125% 2030 (144A) | 1.92% | Bonds | United Kingdom |
| 3 | Rothesay Life 6.875% Perp | 1.78% | Bonds | United Kingdom |
| 4 | Unicredit 4.875% 2024/29 | 1.78% | Bonds | Italy |
| 5 | Sirius XM Radio 4.125% 2030 (144A) | 1.75% | Bonds | United States |
| 6 | ANGI Homeservices 3.875% 2028 (144A) | 1.74% | Bonds | United States |
| 7 | Paprec 4% 2025 | 1.73% | Bonds | France |
| 8 | CrowdStrike 3% 2029 | 1.68% | Bonds | United States |
| 9 | Adevinta 3% 2027 | 1.66% | Bonds | Norway |
| 10 | Canpack 2.375% 2027 | 1.61% | Bonds | Poland |
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 | 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 | 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
| Morningstar Analyst Rating™ |  |
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 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 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.