Baillie Gifford Active Long Gilt Pl
|Bid Price||-||Offer Price||-|
|Mid Price||GBX 153.50||Day Change||GBX +0.30 (0.20%)|
|Price Date||6 Dec 2016||Crown Rating|
|Shares Class||Inc.||Yield||2.10 %|
|Total Expense Ratio||0.03||Fund Size||46,217,000.00|
|Launch Date||04/02/2003||Standard Initial Charge (%)||0.00|
|Annual Management Charge (%)||0.00||Sector||IMA UK Equity Income|
|Min Investment (£)||250,000.00||Total Expense Ratio (%)||0.03|
|ISIN||GB0032502220||Min TopUp (£)||0.00|
The objective is to produce a total return, before charges and expenses payable out of the Fund, in excess of the total return on the FTSE Actuaries UK Conventional Gilts Over 15 Years Index, or any successor or substitute index, by 1.5% per annum over rolling 3-year periods. There is no guarantee that a positive return will be achieved over rolling 3-year periods or any time period and capital may be at risk. The Fund will invest primarily in: UK government bonds; overseas government bonds; and quasi-government bonds, some of which may be issued by developing countries. Currency forwards and derivatives will be used, 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. More than 35% in value of the property of Baillie Gifford Active Long Gilt Plus Fund will be invested in Government and public securities issued or guaranteed by the Government of the United Kingdom.
Steven graduated BAcc in Economics and Accountancy from the University of Glasgow in 1992 and completed an MSc in Economics from Warwick University in 1993. Prior to Baillie Gifford, Steven was a fixed income investment manager with Scottish Widows. His considerable experience includes seven years undertaking analysis and research for the Bank of England’s Monetary Policy Committee, and involvement in managing the UK’s foreign exchange reserves. Steven joined Baillie Gifford in 2004 and is Head of the Rates and Currencies Team.