Quick Stats

Bid Price - Offer Price -
Mid Price GBX 93.30 Day Change GBX +0.14 (0.15%)
Price Date 20 Oct 2017 Crown Rating 3
Shares Class Inc. Yield 4.00 %
Total Expense Ratio 0.03 Fund Size 710,850,000.00
Launch Date 26/02/1999 Standard Initial Charge (%) 0.00
Currency GBX ISA Eligible No
Annual Management Charge (%) 0.00 Sector IMA UK Equity Income
Min Investment (£) 250,000.00 Total Expense Ratio (%) 0.03
ISIN GB0005948590 Min TopUp (£) 0.00

Fund Objective

The Fund aims to produce a high level of monthly income by investing primarily in a diversified portfolio of investment grade and sub-investment grade fixed interest securities denominated in sterling or denominated in currencies other than sterling and hedged back to sterling. 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.

Fund Managers

Stephen Rodger
Stephen graduated BSc (Hons) in Management Science from the University of St Andrews in 1990 and an MA in Accounting and Finance from the London School of Economics in 1994. He joined Baillie Gifford in 2000 and is Head of the Credit Team. Stephen became a Partner in 2008.
Torcail Stewart
Torcail graduated BA in Geography from Cambridge University in 2002 and with an M.Phil in Management, Economics and International Relations from the University of St Andrews in 2005. From 2006 to 2008 he worked as an Investment Analyst for the Alliance Trust’s UK Large Cap equity fund. Torcail is a member of the UK Society of Investment Professionals (UKSIP). He joined Baillie Gifford in 2008 and is an Investment Manager in the Credit Team.