Overview
The High Yield Bond Fund aims to produce a combination of income and capital growth.
The manager believes an appropriate comparison for this Fund is the Investment Association Sterling High Yield Bond sector average given the investment policy of the Fund and the approach taken by the manager when investing.
We focus on fundamental, forward looking research leading to a best ideas portfolio where every investment should make a difference.
Performance & Portfolio
Periodic performance
All figures to 31/10/2024 6 Months
1 Year
3 Years
5 Years
Class B-Inc 7.0% 17.9% 1.9% 2.6%
Annual discrete performance 30 September each year
Annual percentage return (Updated Quarterly) 30/09/2019
30/09/202030/09/2020
30/09/202130/09/2021
30/09/202230/09/2022
30/09/202330/09/2023
30/09/2024Class B-Inc 0.3% 7.7% -18.1% 9.7% 16.0% Sector Average*** -0.4% 10.6% -14.3% 10.2% 13.0% Please bear in mind that past performance is not a guide to future returns. The value of your investment may go down as well as up, and you may not get back the amount you invested
Source: FE, Revolution, ICE Data Indices. Total return net of charges, in sterlingShare class returns calculated using 10am prices, while the Index is calculated close-to-close.
Figures for 3 and 5 years are shown as the annualised rate of return. This is the average yearly return over the specified period.
***IA £ High Yield Sector.
Top ten physical bond holdings 31/10/2024
Fund % 1 Barclays 7.125% 2025 Perp AT1 1.8% 2 Aggreko 6.125% 2026 (144A) 1.7% 3 IMA E+3.75% FRN 2029 1.7% 4 UK T Bill 13/01/2025 1.6% 5 Teva Pharma 7.375% 2029 1.5% 6 Brightline East 11% 2030 (144A) 1.5% 7 Neopharmed 7.125% 2030 1.5% 8 Burford Capital 9.25% 2031 (144A) 1.4% 9 Cheplapharm 5.5% 2028 (144A) 1.4% 10 Kier Group 9% 2029 1.4% Total 15.6% Sector analysis of total assets 31/10/2024Fund %
- 1 Basic Industry 12.16
- 2 Telecommunications 11.81
- 3 Health Care 9.39
- 4 Media 9.16
- 5 Services 8.56
- 6 Retail 8.23
- 7 Financial Services 5.72
- 8 Capital Goods 4.87
- 9 Leisure 4.70
- 10 Banking 4.47
- 11 Energy 4.01
- 12 Automotive 3.80
- 13 Sovereign 3.47
- 14 Transportation 3.41
- 15 Technology & Electronics 2.56
- 16 Consumer Goods 2.46
- 17 Others 2.62
- 18 Cash & Derivatives -1.41
- Total 100.00
As the Fund invests in overseas securities, changes in the rates of exchange may cause the value of your investment (and any income it may pay) to go down or up.
A negative cash position may sometimes occur due to obligations awaiting settlement.
The information contained on this page is intended as a guide only and should not be relied upon when making investment decisions. Source Baillie Gifford & Co.
Please note that totals may not sum due to rounding.
Insights
View all Insights.Meet the Managers
Faisal Islam
Faisal is an investment manager in the Credit Team, co-managing our High Yield Bond Strategy. Before joining Baillie Gifford in 2018, he worked for four years at PwC where he qualified as a chartered accountant in corporate finance, before moving to Aberdeen Standard Investments in 2016 as a high yield credit analyst. Faisal graduated BSc in Economics from the London School of Economics and Political Science in 2011 and is a CFA Charterholder.
Arthur Milson
Arthur is an investment manager in the Credit Team, co-managing our High Yield Bond Strategy. Before joining Baillie Gifford in 2022, he worked for abrdn/Standard Life Investments for 16 years. Arthur graduated BSc in Biological Sciences from the University of Edinburgh in 1992, has a postgraduate diploma in commerce from the University of Wollongong and is a Chartered Accountant.
Fund Platforms
You can invest in a range of our funds via a number of fund platforms and supermarkets, please see the links opposite.
Baillie Gifford does not sponsor, maintain or have any control over the content of any other websites.
Therefore, we are not responsible for the adequacy or accuracy of any of the information you may view, nor do we undertake to ensure successful transmission to any linked website.
Fund Platforms
Documents
You can access any literature about the Fund here, either by downloading or requesting a copy by post (where available).
To download any document you will need Adobe Reader. Please note that we can now provide you with Braille and audio transcriptions of our literature on request. It may take up to 10 days for the transcription to be completed dependent on the size of the document.
Application forms
Enhanced disclosure document
Factsheets
Interim reports
Key investor information documents (KIIDs)
Quarterly investor reports
Sustainability-related disclosures and climate reports
Important Information
Baillie Gifford Overseas Limited is wholly owned by Baillie Gifford & Co. Baillie Gifford Overseas Limited provides investment management and advisory services to non-UK clients. Both are authorised and regulated by the Financial Conduct Authority.
The information provided does not constitute an offer of or solicitation for purchase or sale of securities or provision of any investment services. Any general enquiries regarding Baillie Gifford should be directed to the relevant individual as noted in the Contact Us section.
The information contained in this website has been compiled with considerable care to ensure its accuracy at the date of publication. However, no representation or warranty, express or implied, is made to its accuracy or completeness. Nothing in this information or elsewhere in this website shall exclude, limit or restrict our duties and liabilities to you under the United Kingdom's Financial Services and Markets Act 2000 or any conduct of business rules which we are bound to comply with.
This website is informative only and the information provided should not be considered as investment advice or a recommendation to buy, sell or hold a particular investment. You can read details of our Legal and Important Information here.
