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Baillie Gifford Investment Grade Long Bond Class B - Income (GBP)

Sell:141.10p Buy:141.10p Change: 1.20p (0.86%)
Prices as at 9 December 2019
Sell:141.10p
Buy:141.10p
Change: 1.20p (0.86%)
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
Prices as at 9 December 2019
Sell:141.10p
Buy:141.10p
Change: 1.20p (0.86%)
Prices as at 9 December 2019
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Charges and Savings

Initial charges
Initial charge: 0.00%
Initial saving from HL: 0.00%
HL dealing charge: Free
Net initial charge: 0.00%
Annual charges
Performance fee: No  
Ongoing charge (OCF/TER): 0.27%
Ongoing saving from HL: 0.00%
Net ongoing charge: 0.27%

In some cases the ongoing savings are provided by our loyalty bonus. Loyalty bonuses are tax-free in an ISA or SIPP. However, they may be subject to tax in a Fund & Share Account which would, in effect, reduce their value and increase the net ongoing charge.


Other Information

Unit type: Unbundled
Manager:
Gregory Turnbull Schwartz
Fund launch date: 4 February 2003
Sector: GBP Corporate Bond
Fund size: £188 million
Number of holdings: 120
Fund type: OEIC
Accumulation/income: Income
Dealing frequency: Daily
Valuation point: 10:00
Trustee: NatWest Trustee and Depositary Services Limited
Minimum investment: £100.00
Charges deducted from: Income
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

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Performance

09/12/14 to 09/12/15 09/12/15 to 09/12/16 09/12/16 to 09/12/17 09/12/17 to 09/12/18 09/12/18 to 09/12/19
Annual return 3.08% 8.83% 6.95% -0.93% 15.44%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

View fund chart

Our view on this fund

The Wealth 50 is the list of what we believe are the best funds in each sector. If a fund is not within our Wealth 50 this is not necessarily a recommendation to sell. However, if you are thinking of adding to your investments we believe Wealth 50 funds are superior alternatives. View funds on the Wealth 50 »

Fund Objective

Investment Objective The Sub-fund aims to outperform (after deduction of costs) the ICE Bank of America Merrill Lynch Sterling Non-Gilt over 10 Years Index by 0.5% per annum over rolling three-year periods. Investment Policy The Sub-fund will invest at least 80% in a portfolio of investment grade bonds issued by corporate issuers, public bodies and supranationals. The Sub-fund will be actively managed and is not constrained by the index. To the extent that the Sub-fund is not fully invested in such bonds, the Sub-fund may also invest in sub-investment grade bonds, government bonds, 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. 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 Baillie Gifford Investment Grade Long Bond Fund may be invested in Government and public securities ("GAPS"):- (a) issued by, or on behalf of, the same person provided that person is among the Government of the United Kingdom, of Northern Ireland, or of Eire, France, Germany, Luxembourg, Netherlands, Belgium, Denmark, Italy, Spain, Portugal, Greece, Austria, Finland, Sweden, Iceland, Norway, Liechtenstein, Australia, Canada, Japan, New Zealand, Switzerland or the United States of America; the International Bank for Reconstruction and Development ("the World Bank"), the European Investment Bank, the European Bank for Reconstruction and Development, the International Finance Corporation, or the Inter-American Development Bank; and/or (b) guaranteed by the same person, provided that that person is among the Governments referred to in paragraph (a) above. As at the date of this Prospectus no more than 35% in value of the property of Baillie Gifford Investment Grade Long Bond Fund is or has at any point been invested in such Government and public securities.

Income Details

Distribution yield : 3.23%
Income paid: Quarterly
Type of payment: Interest
Ex-dividend date: 31 December 2019 31 March 2020 30 June 2020 30 September 2020
Payment date: 28 February 20204 31 May 20204 31 August 20204 30 November 20204

This data is provided by Funds Library. HL accepts no responsibility for its accuracy and you should independently check data before making any investment decision. All yields are variable and not guaranteed. Information correct as at 31 October 2019.

Security Weight
Long Gilt Future 10yr Dec 19 19.69%
US Ultra Long (CBT) Dec 19 - Cash 4.91%
Network Rail 4.75% 2035 3.03%
LCR Finance 5.1% 2051 2.42%
KFW 5.75% 2032 2.41%
US Long Bond (CBT) Dec 19 - Cash 2.19%
RWE 6.125% 2039 1.96%
Aster 4.5% 2043 1.93%
EIB 5% 2039 1.87%
KFW 5% 2036 1.82%
Sector Weight
Bonds 99.33%
Non-Classified 1.72%
Cash and Equiv. -1.05%
Country Weight
United Kingdom 45.06%
United States 18.44%
France 8.53%
Netherlands 8.30%
Luxembourg 4.80%
Germany 4.23%
Non-Classified 4.13%
Ireland 2.64%
Denmark 2.14%
Belgium 1.26%

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by Morningstar, correct as at 9 December 2019. Data provided by Funds Library, correct as at 31 October 2019.

FundsLibrary
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account

4 If you elect to receive the income from a Vantage ISA or Vantage Fund & Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.