Baillie Gifford High Yield Bond A Inc

Buy/Sell Price  (as of 21/10/2016) £1.259   Day Change :  0.16%     Fund Code:  BFHYI 

Important documents Before investing please ensure that you have read the Fidelity Key Features Document (incorporating the Fidelity Client Terms) and the fund information documents. These can be found by clicking on the 'Important documents' link.

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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.


Donald graduated BA (Hons) from the University of Strathclyde in 2004 and MSc in Investment Analysis from Stirling University in 2005. He worked for Aegon Asset Management in their Fixed Income Team for three years before joining Baillie Gifford in 2008. Donald is an Investment Manager in the Credit Team and is a CFA Charterholder.
Investment HouseBaillie Gifford
Fund ProviderBaillie Gifford & Co Limited.
ManagerRobert Baltzer   Biography
ManagerDonald Phillips   Biography

Fund Objective The objective is 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 Funds 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.

Key Statistics

Fund Status
Fund TypeOEIC
12-Month NAV High £1.27
12-Month NAV Low £1.12
Fund Comparative IndexBofAML European Currency High Yield Constrained Hdg GBP
Morningstar CategoryTMGBP High Yield Bond
Dividend FrequencyQuarterly
Distribution Yield3.30%
Underlying Yield6.00%

Annual Charges

Morningstar ratings

 as of  30/09/2016
Overall3 star
3 Years2 star
5 Years3 star
10 Years4 star

Growth of £1000 Help

 as of  21/10/2016

Past Performance (%) Help

as of 

This Fund


Fund versus Morningstar Category

Important Information

The value of the fund and the income from it can go down as well as up so you may get back less than you invested. If your fund invests in overseas markets, changes in currency exchange rates may affect the value of your investment. If your fund invests in small and emerging markets, these can be more volatile than other more developed markets. Past performance is not a guide to future returns.
For funds that invest in bonds, please be aware that the price of bonds is influenced by movements in interest rates, changes in the credit rating of bond issuers, and other factors such as inflation and market dynamics. In general, as interest rates rise the price of a bond will fall. The risk of default is based on the issuer's ability to make interest payments and to repay the loan at maturity. Default risk may therefore vary between different government issuers as well as between different corporate issuers.

 Some of the performance and risk data presented may start before the share class was launched. If so, the data prior to the launch date of the share class is based on the fund or share class that has similar or higher charges, in order to provide an indication of longer term performance and risk. Please refer to the launch date and performance start date in the fund factsheet to determine whether the data has been extended.Past Performance and Risk & Volatility figures are presented in British Pounds Sterling (GBP). Fund returns are calculated on a Nav to Nav or Bid to Bid basis with income reinvested either after tax (for UK-domiciled funds) or gross of tax (for offshore funds). Performance figures include the effect of the OCF/TER. To cover distribution costs a separate service fee is now also charged on most funds, which is not included in the past performance figures. Consequently the past performance of the fund may be less than that shown on the chart due to the effect of the service fee.

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