The objective is to achieve a total return, before charges and expenses payable out of the Fund, in excess of the total return on the FTSE British Government Over 15 years, or any successor or substitute index, by 1.5% per annum over rolling 3-year periods. 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 Hay (Started: Jun 1, 2004)
Baillie Gifford & Co Limited.
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