← Back to home

Baillie Gifford High Yield Bond Fund Letters & Research Archive

5 pieces · 2025–2026 · updated every Monday

2026

09-11Baillie Gifford High Yield Bond Fund Factsheet→08-13Baillie Gifford High Yield Bond Fund Factsheet→07-13Baillie Gifford High Yield Bond Fund FactsheetThis is a monthly factsheet for Baillie Gifford's high-yield bond fund — a fund that buys riskier corporate bonds paying higher interest. The fund aims for income plus some price gain; it beat its peers over three years but lagged slightly over the past six months. Managers don't forecast rates or the economy; they say they pick bonds company by company and hold 90–120 names patiently. Top holdings include UK Treasury (largest, a safe anchor), Ci…→05-29Baillie Gifford Bond Funds ICVC Interim Report - March 2026This semi-annual report covers Baillie Gifford's high-yield bond fund, which invests in riskier corporate bonds paying higher interest. The manager sees Middle East tensions pushing up energy and food costs, possibly reigniting inflation. Instead of guessing macro moves, he stays focused on picking individual bonds. He sold bonds of companies likely to be hurt by AI, like TeamSystem, and bought higher-yielding bank bonds from Rabobank and Nationw…→

2025

12-01Baillie Gifford Bond Funds ICVC Annual Report - September 2025This report explains the audit of a bond fund's annual accounts. In plain terms: the auditor says the numbers are fairly presented, but the tone is cautious. One sub-fund, the Emerging Markets Bond Fund, has been closed and liquidated—it no longer trades. The auditor also warns that the fund's risk-measurement tool may understate losses in extreme market swings. Another sub-fund, the Strategic Bond Fund, pays dividends every month, giving investo…→