Baillie Gifford Strategic Bond

(Class A Accumulation [GBP])

 

Performance

Cumulative Performance (%)

3m 6m 1Yr 3Yr 5Yr
Fund 1.74% 3.41% 7.25% 16.47% 4.26%
Sector 1.74% 3.31% 6.64% 15.45% 10.09%
Rank 58/90 51/88 25/87 36/80 45/68
Quartile 3 3 2 2 3

Discrete Performance (%) - to last month end

06/20 to 06/21 06/21 to 06/22 06/22 to 06/23 06/23 to 06/24 06/24 to 06/25
Fund 6.15% -15.92% -1.65% 10.72% 7.37%
Sector 6.13% -10.20% -0.19% 8.84% 6.58%
Rank 35/68 68/72 58/80 23/83 25/87
Quartile 3 4 3 2 2

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 Managers

Rob Baltzer manager for: 1 years 4 months

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 Dunn manager for: 7 years 6 months

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.

Theo Golden manager for: 0 years 7 months

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.


Fund Overview

Price

Bid 227.70p

Offer 227.70p (04/07/2025)

Distribution yield
5.50%
£349.5m
Number of holdings
101
Initial charge
5.00%
Annual Management Charge
1.00%
Ongoing Charges
1.04%

Top 10 Holdings
Stock Name % Weight
4¼% Treasury Gilt 2046 3.6%
Rothesay Life 8% 2025 2.6%
DNB Bank 4% 2026/27 2.4%
Telereal FRN 2031 (C1) 2.3%
Realty Income 5.125% 2034 2.2%
KFW 5.75% 2032 2.0%
International Workplace Group 6.5% 2030 2.0%
Yorkshire Water 6.375% 2034 2.0%
Motability 4% 2030 1.9%
Zurich Financial Services 5.125% 2032/52 T2 1.8%
Total 23.0%

Asset Allocation
Name % Weight
International Bonds 52.72
UK Bonds 32.05
Other 9.54
UK Gilt 3.63
Cash & Equivalents 2.25
Hedge Funds -0.19


Data accurate at: 30/04/2025

Performance figures show total return with no initial charge and net income reinvested, except for Offshore funds which show gross income reinvested. Cumulative performance figures are calculated from the previous working day. Discrete performance figures are calculated from the previous month end.