We are pleased to announce that we have reinstated our A rating of the Baillie Gifford High Yield Bond fund.

The fund's rating was initially suspended in January 2018 as an act of prudence following the announcement that Donald Phillips, one of the co-managers on the fund, had left the firm. We have now met with the fund's co-managers, Robert Baltzer and Lucy Isles, and we are re-assured to know that the team-based, long term, value approach to investing remains unchanged. We are confident that Mr Baltzer, long term manager of this fund, and an experienced and proven investor, will be ably supported by Ms Isles and the rest of the team at Baillie Gifford.