Fact sheet: Pioneer £AbsRetBd

Fund information
Fund name
Pioneer Sterling Absolute Return Bond N Distributing Anually GBP
Fund manager company
Pioneer Investments
Fund type
Offshore Fund
Fund manager
No data available.
Fund objective
The Sub-Fund seeks to achieve a positive return in Pound Sterling (GBP) in all market conditions by investing primarily in a diversified portfolio consisting of any type of money market instruments and debt and debt-related instruments. The Sub-Fund may invest in sub-Investment Grade debt and debt-related instruments up to 25% of its assets and in convertible bonds up to 25%. In order to achieve its target returns, the Sub-Fund will make extensive use of financial derivative instruments that may generate a high level of leverage such as interest rate swaps, credit-default swaps, futures, forwards and options. The Sub-Fund uses financial derivative instruments for investment purposes including taking long and short positions, which may increase its level of risk, as well as for hedging and efficient portfolio management purposes, which may contribute to reducing the Sub-Fund’s level of risk.
Benchmark
  • SONIA Sterling OverNight Index Average
Investment style
Absolute Return
Investment method
Fixed Interest
Quick stats
1 Year return
-1.6%
1 Year rank in sector
90/131
Sector
FO Absolute Return
Yield
-
Fund size
£15m
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
13
Top in this sector
Fund name1 Year
Pioneer SICV-AbsRetBd15.5%
SW Mitchell Emerging European13.7%
Pictet Scv II Dyn Ass Alloc9.8%
Polar Capital UK Abs Eq9.5%
Orbis Optimal SA9.3%
...more in FO Absolute Return

Performance snapshot

Holdings snapshot

  • UK56.6%
    Others11.3%
    Germany8%
    Italy4.9%
    France2.4%
  • Government Bonds71.8%
    Money Market11.1%
    Fixed Interest9%
    Mutual Funds7.9%
    Others0.2%
  • Global Government Fixed Interest71.8%
    Money Market11.1%
    Global Fixed Interest9%
    Others8.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.2%0.2%0.5%-1.6%--
Sector0%-0.5%0.6%0%2.7%9.8%
Rank within sector59 / 14053 / 14067 / 13890 / 131--
Quartile2nd2nd2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund-1.8%-1.8%---
Sector0.3%0.7%1.2%3.6%3.9%
Rank within sector93 / 13180 / 115---
Quartile3rd3rd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
-
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
-
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
-
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
-
Price movement
52 week high48.29
52 week low46.93
Current bid price-
Current offer price-
Current mid price47.15
Region
1UK56.6%
2Others11.3%
3Germany8%
4Italy4.9%
5France2.4%
6Money Market2.4%
7USA1.1%
8Canada-0.02%
9Sweden-3.4%
Industry sector
1Government Bonds71.8%
2Money Market11.07%
3Fixed Interest8.96%
4Mutual Funds7.93%
5Others0.24%
Asset type
1Global Government Fixed Interest71.8%
2Money Market11.07%
3Global Fixed Interest8.96%
4Others8.17%
Individual holdings
1TREASURY 0% TSY BILL 05/09/201629.56%
2TREASURY 0% TSY BILL 05/12/16 GBP127.09%
3TREASURY 0% TSY BILL 03/10/16 GBP111.9%
4PIONEER INSTITUTIONAL FUNDS - CURRENCY HIGH ALPHA - X ND7.93%
5NE PROPERTY COOPERATIEF UA 3.75% BDS 26/02/21 EUR1000001.61%
6DEUTSCHE BUNDESREPUBLIK INFLATION LINKED BOND FLOATING 15/04/20461.57%
7SATO OYJ 2.25% GTD NTS 10/09/20 EUR1.42%
8VIVENDI 0.75% SNR UNSEC NTS 26/05/21 EUR1000001.11%
9AROUNDTOWN PROPERTY HLDGS 1.5% BDS 03/05/22 EUR1000001.08%
Management
Fund manager group
Pioneer Asset Management
Fund manager company
Pioneer Investments
Fund type
Offshore Fund
Fund objective
The Sub-Fund seeks to achieve a positive return in Pound Sterling (GBP) in all market conditions by investing primarily in a diversified portfolio consisting of any type of money market instruments and debt and debt-related instruments. The Sub-Fund may invest in sub-Investment Grade debt and debt-related instruments up to 25% of its assets and in convertible bonds up to 25%. In order to achieve its target returns, the Sub-Fund will make extensive use of financial derivative instruments that may generate a high level of leverage such as interest rate swaps, credit-default swaps, futures, forwards and options. The Sub-Fund uses financial derivative instruments for investment purposes including taking long and short positions, which may increase its level of risk, as well as for hedging and efficient portfolio management purposes, which may contribute to reducing the Sub-Fund’s level of risk.
Benchmark
  • SONIA Sterling OverNight Index Average
Investment style
Absolute Return
Investment method
Fixed Interest
Fund manager
No data available.
Compliance
Transparent for German Tax, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Germany, United Kingdom, Luxembourg, Offshore
Pioneer Sterling Absolute Return Bond A Hedged Non Distributing EUR
Initial charge5%
Annual charge0.95%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price44.85
Offer price46.2
Mid price-
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFF4T
Pioneer Sterling Absolute Return Bond A Non Distributing GBP
Initial charge5%
Annual charge0.95%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price45.92
Offer price45.92
Mid price-
CurrencyGBP
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFF4S
Pioneer Sterling Absolute Return Bond H Non Distributing GBP
Initial charge2%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price925.8
Offer price925.8
Mid price-
CurrencyGBP
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFF4U
Pioneer Sterling Absolute Return Bond I Hedged Non Distributing EUR
Initial charge-
Annual charge0.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFNEE
Pioneer Sterling Absolute Return Bond I Non Distributing GBP
Initial charge-
Annual charge0.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price938.19
Offer price938.19
Mid price-
CurrencyGBP
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFF4V
Pioneer Sterling Absolute Return Bond N Distributing Anually EUR
Initial charge-
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price55.79
CurrencyEUR
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFO2D
Pioneer Sterling Absolute Return Bond N Distributing Anually GBP
Initial charge-
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price47.15
CurrencyGBP
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFO2E
Pioneer Sterling Absolute Return Bond N Distributing Anually USD
Initial charge-
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price59.2
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFO2F
Pioneer Sterling Absolute Return Bond N Non Distributing GBP
Initial charge-
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price46.6
Offer price46.6
Mid price-
CurrencyGBP
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFF4W
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.