Fact sheet: Pioneer SICV-AbsRetBd

Fund information
Fund name
Pioneer SICAV - Absolute Return Bond N Non Distributing GBP
Fund manager company
Pioneer Investments
Fund type
Offshore Fund
Fund managers
  • Cosimo Marasciulosince 01/07/2013
  • Tanguy Le Saoutsince 01/07/2013
Fund objective
Seeks to achieve a positive return in euro in all types of market conditions. This Sub-Fund is a feeder UCITS which allocates 100% of its assets into Pioneer Funds -Absolute Return Bond (the "Master Sub-Fund"). The Master 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 Master Sub-Fund invests up to 25% of its assets in below-investment grade bonds and up to 25% in convertible bonds. The Master 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 Master Sub-Fund will invest in short and mediumterm interest rate swaps.
Benchmark
  • EONIA Euro Overnight Index Average EUR
Investment style
Absolute Return,Active
Investment method
Money Market, Fixed Interest
Quick stats
1 Year return
10.2%
1 Year rank in sector
9/134
Sector
FO Absolute Return
Yield
-
Fund size
£548m
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.
72
Top in this sector
Fund name1 Year
Polar Capital UK Abs Eq30.2%
SW Mitchell Emerging European26.3%
SWMC UK24.5%
SWMC European18.8%
F&C Ml Strat Gbl Eq15.7%
...more in FO Absolute Return

Performance snapshot

Holdings snapshot

  • France28.6%
    Others24.9%
    Italy20.2%
    Spain19.7%
    Belgium10.2%
  • Fixed Interest93.1%
    Money Market4.3%
    Others2.6%
  • Global Fixed Interest93.1%
    Money Market4.3%
    Others2.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.5%0.6%-2.1%10.2%-1.2%-
Sector0.3%0.7%2.2%2.8%3.4%10.7%
Rank within sector6 / 14974 / 148132 / 1399 / 13465 / 89-
Quartile1st2nd4th1st3rd
Calendar performance
 YTD - 20172016201520142013
Fund-1.6%13%-6.4%-8.7%-
Sector1.6%0.7%0.7%1.2%3.6%
Rank within sector137 / 1462 / 127108 / 11285 / 86-
Quartile4th1st4th4th
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.
0.18
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.
-1.38
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%.
9.06
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.
9.74
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.
-0.31
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 high50.12
52 week low41.87
Current bid price46.02
Current offer price46.02
Current mid price-
Region
1France28.58%
2Others24.92%
3Italy20.22%
4Spain19.74%
5Belgium10.19%
6Money Market4.28%
7Netherlands3.31%
8USA2.85%
9Ireland1.36%
Industry sector
1Fixed Interest93.15%
2Money Market4.28%
3Others2.58%
Asset type
1Global Fixed Interest93.1%
2Money Market4.3%
3Others2.6%
Individual holdings
1ITALY(REPUBLIC OF) 0% NTS 12/01/18 EUR100018.47%
2SPAIN(KINGDOM OF) 0% TB 17/11/17 EUR100017.11%
3FRENCH DISCOUNT T-BILL ZERO 31.01.201814.47%
4FRANCE(GOVT OF) 0% TB 21/06/17 EUR100010.2%
5BGTB ZERO% 14Dec174.4%
6GOLDMAN SACHS GROUP INC SR UNSECURED REGS 09/22 VAR3.48%
7GERMANY(FEDERAL REPUBLIC OF) 0% BDS 23/08/17 EUR0.013.21%
8NYKREDIT REALKREDIT AS 2% NTS 01/10/47 DKK0.012.44%
9NETHERLANDS, KINGDOM OF THE TB 0.00000% 08.03.17-31.08.172.41%
Management
Fund manager group
Pioneer Asset Management
Fund manager company
Pioneer Investments
Fund type
Offshore Fund
Fund objective
Seeks to achieve a positive return in euro in all types of market conditions. This Sub-Fund is a feeder UCITS which allocates 100% of its assets into Pioneer Funds -Absolute Return Bond (the "Master Sub-Fund"). The Master 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 Master Sub-Fund invests up to 25% of its assets in below-investment grade bonds and up to 25% in convertible bonds. The Master 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 Master Sub-Fund will invest in short and mediumterm interest rate swaps.
Benchmark
  • EONIA Euro Overnight Index Average EUR
Investment style
Absolute Return,Active
Investment method
Money Market, Fixed Interest
Fund managers
NameSinceBiography
Cosimo Marasciulo01/07/2013Cosimo 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.
Tanguy Le Saout01/07/2013Tanguy is Head of European Fixed Income, where he oversees all European Fixed Income portfolio management as well as European credit research. Tanguy is an Engineering graduate in Applied Mathematics from INSA Rouen France and he also has a Masters degree in Finance from ESSEC Paris, France.
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
Belgium, Switzerland, Germany, Spain, France, United Kingdom, Italy, Luxembourg, Offshore, Singapore
Pioneer SICAV - Absolute Return Bond A Non Distributing EUR
Initial charge5%
Annual charge0.95%
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)1.35%
Bid price44.71
Offer price46.05
Mid price-
CurrencyEUR
Price updated23/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF9OH
Pioneer SICAV - Absolute Return Bond H Non Distributing EUR
Initial charge2%
Annual charge0.55%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.81%
Bid price908.3
Offer price908.3
Mid price-
CurrencyEUR
Price updated23/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFDSI
Pioneer SICAV - 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)0.59%
Bid price977.16
Offer price977.16
Mid price-
CurrencyGBP
Price updated17/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF9FD
Pioneer SICAV - 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)0.59%
Bid price954.38
Offer price954.38
Mid price-
CurrencyUSD
Price updated20/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF9FE
Pioneer SICAV - 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)0.49%
Bid price923.65
Offer price923.65
Mid price-
CurrencyEUR
Price updated23/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF9FF
Pioneer SICAV - 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)0.5%
Bid price989.74
Offer price989.74
Mid price-
CurrencyGBP
Price updated12/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFPPR
Pioneer SICAV - 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)0.5%
Bid price989.15
Offer price989.15
Mid price-
CurrencyUSD
Price updated12/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFPPP
Pioneer SICAV - 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)0.5%
Bid price975.28
Offer price975.28
Mid price-
CurrencyEUR
Price updated12/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFPPT
Pioneer SICAV - Absolute Return Bond N Non Distributing EUR
Initial charge-
Annual charge0.4%
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)0.66%
Bid price47.64
Offer price47.64
Mid price-
CurrencyEUR
Price updated12/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF9OJ
Pioneer SICAV - Absolute Return Bond N Non Distributing GBP
Initial charge-
Annual charge0.4%
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)0.65%
Bid price46.02
Offer price46.02
Mid price-
CurrencyGBP
Price updated23/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF9OI
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