Fact sheet: Pioneer Funds Abs Rtn Bd

Fund information
Fund name
Pioneer Funds Absolute Return Bond I Hedged Non Distributing USD
Fund manager company
Pioneer Investments
Fund type
No data available.
Fund managers
  • Cosimo Marasciulosince 01/01/2011
Fund objective
This Sub-Fund seeks to achieve a positive return in euro in all types of market conditions. The Sub-Fund invests mainly in bonds and money market securities from around the world. These investments are issued by a broad range of issuers, including governments, corporations and supranational entities. The Sub-Fund may invest up to 25% of its assets in below-investment grade bonds and up to 25% in convertible bonds. The Sub-Fund may use derivatives to reduce various risks, for efficient portfolio management and as a way to gain exposure (either long or short) to various assets, markets or income streams. This may generate a high level of leverage. In particular, the Sub-Fund will invest in short and medium-term interest rate swaps.
Benchmark
  • EONIA Total Return Index
Investment style
Absolute Return
Investment method
Fixed Interest
Quick stats
1 Year return
-1.4%
1 Year rank in sector
92/128
Sector
FO Absolute Return
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.62%
Fund size
£381m (£585m last year)
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.
11
Top in this sector
Fund name1 Year
SW Mitchell Emerging European17.9%
Pioneer SICV-AbsRetBd15.1%
BlackRock SFAmDfEAbslRn12.9%
Polar Capital UK Abs Eq12.5%
Orbis Optimal SA11.7%
...more in FO Absolute Return

Performance snapshot

Holdings snapshot

  • France22.1%
    Spain21.7%
    Italy18.7%
    Others18.1%
    Money Market11.5%
  • Fixed Interest86%
    Money Market11.5%
    Others2.5%
  • No data available.

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.3%0.7%1.1%-1.4%-3.6%0.3%
Sector-0%1.4%1.4%0.4%3.9%10.6%
Rank within sector34 / 13886 / 13769 / 13592 / 12868 / 7857 / 60
Quartile1st3rd3rd3rd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-0.6%-1%-2%1.8%1.9%
Sector0.4%0.7%1.2%3.6%3.9%
Rank within sector82 / 13270 / 11669 / 8847 / 7148 / 62
Quartile3rd3rd4th3rd4th
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.
-1.53
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.
0.25
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.
-0
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%.
1.7
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.
2.16
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.
-1.21
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.
0.08
Price movement
52 week high983.12
52 week low956.55
Current bid price-
Current offer price-
Current mid price968.59
Region
1France22.06%
2Spain21.72%
3Italy18.72%
4Others18.11%
5Money Market11.54%
6Belgium7.77%
7Netherlands5.49%
8Germany5.06%
9Denmark1.12%
Industry sector
1Fixed Interest85.98%
2Money Market11.54%
3Others2.48%
Asset type
No data available.
Individual holdings
1SPAIN(KINGDOM OF) 0% TB 22/01/17 EUR100013.39%
2FRANCE(GOVT OF) 0% TB 04/01/17 EUR110.91%
3ITALY(REPUBLIC OF) 0% BDS 14/06/17 EUR10009.74%
4FRANCE(GOVT OF) 0% TB 21/06/17 EUR10007.66%
5GERMANY(FEDERAL REPUBLIC OF) 0% BDS 25/01/17 EUR0.017.03%
6NETHERLANDS(KINGDOM OF) 0% TB 30/09/16 EUR15.65%
7ITALY(REPUBLIC OF) 0% TB 14/03/17 EUR10005.26%
8SPAIN(KINGDOM OF) 0% TB 18/11/16 EUR10004.06%
9BELGIUM(KINGDOM OF) 0% BDS 11/05/17 EUR0.012.94%
Management
Fund manager group
Pioneer Asset Management
Fund manager company
Pioneer Investments
Fund type
No data available.
Fund objective
This Sub-Fund seeks to achieve a positive return in euro in all types of market conditions. The Sub-Fund invests mainly in bonds and money market securities from around the world. These investments are issued by a broad range of issuers, including governments, corporations and supranational entities. The Sub-Fund may invest up to 25% of its assets in below-investment grade bonds and up to 25% in convertible bonds. The Sub-Fund may use derivatives to reduce various risks, for efficient portfolio management and as a way to gain exposure (either long or short) to various assets, markets or income streams. This may generate a high level of leverage. In particular, the Sub-Fund will invest in short and medium-term interest rate swaps.
Benchmark
  • EONIA Total Return Index
Investment style
Absolute Return
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Cosimo Marasciulo01/01/2011Cosimo is Head of European Government Bonds and has been specialising in Fixed Income products since joining the firm in 2000. He is a Business Engineering graduate of Milan Polytechnic College and has completed post-graduate studies in Fixed Income Portfolio Management at Bocconi University.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Czech Republic, Germany, Spain, France, United Kingdom, Greece, Hungary, Ireland, Italy, Liechtenstein, Luxembourg, Netherlands, Offshore, Portugal, Slovakia, Sweden
Pioneer Funds Absolute Return Bond A Non Distributing EUR
Initial charge3%
Annual charge0.95%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.36%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price50.84
CurrencyEUR
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE5E3
Pioneer Funds Absolute Return Bond A Non Distributing USD
Initial charge3%
Annual charge0.95%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.36%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price56.93
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE5E2
Pioneer Funds Absolute Return Bond C Non Distributing EUR
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.25%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price48.05
CurrencyEUR
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE5E4
Pioneer Funds Absolute Return Bond E Non Distributing EUR
Initial charge2.5%
Annual charge0.95%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.24%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price4.987
CurrencyEUR
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDHD1
Pioneer Funds Absolute Return Bond H Non Distributing EUR
Initial charge2%
Annual charge0.55%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.81%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1047.8
CurrencyEUR
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDHD2
Pioneer Funds Absolute Return Bond I Hedged Distributing Annually GBP
Initial charge-
Annual charge0.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.62%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price976.52
CurrencyGBP
Price updated27/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF9MF
Pioneer Funds Absolute Return Bond I Hedged Non Distributing USD
Initial charge-
Annual charge0.4%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.62%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price968.59
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF9ME
Pioneer Funds Absolute Return Bond I Non Distributing EUR
Initial charge-
Annual charge0.4%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.52%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price999.82
CurrencyEUR
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeAAAX
Pioneer Funds Absolute Return Bond J Hedged Distributing Annually 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 price988.5
Offer price988.5
Mid price-
CurrencyGBP
Price updated27/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFPPS
Pioneer Funds Absolute Return Bond J Hedged Non Distributing USD
Initial charge-
Annual charge0.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price987.03
Offer price987.03
Mid price-
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFPPQ
Pioneer Funds Absolute Return Bond J Non Distribution 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 price975.8
Offer price975.8
Mid price-
CurrencyEUR
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFPPU
Pioneer Funds Absolute Return Bond N 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 price47.69
CurrencyEUR
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF9OG
Pioneer Funds Absolute Return Bond N 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 price-
Offer price-
Mid price41.12
CurrencyGBP
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF9OF
Data provided by

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