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
15.1%
1 Year rank in sector
2/128
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.
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%
  • Bond97.2%
    Others37.8%
    Money Market0.8%
    Foreign Exchange-4.7%
    Alternative Investment Strategies-31.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.9%4.4%10.5%15.1%-1.8%-0.3%
Sector-0%1.4%1.4%0.4%3.9%10.6%
Rank within sector2 / 13815 / 1373 / 1352 / 12864 / 78-
Quartile1st1st1st1st4th
Calendar performance
 YTD - 20162015201420132012
Fund16%-6.4%-8.7%-1.8%2%
Sector0.4%0.7%1.2%3.6%3.9%
Rank within sector1 / 132112 / 11687 / 88--
Quartile1st4th4th
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.
0.78
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.
-1.49
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%.
8.05
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.
8.9
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.
-0.36
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.
0.12
Price movement
52 week high47.99
52 week low39.43
Current bid price47.99
Current offer price47.99
Current mid price-
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
1Bond97.2%
2Others37.8%
3Money Market0.8%
4Foreign Exchange-4.7%
5Alternative Investment Strategies-31.1%
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
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
Domicile
No data available.
Fund for sale in
United Kingdom, Luxembourg, Offshore
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 price46.66
Offer price48.06
Mid price-
CurrencyEUR
Price updated26/09/2016
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 price944.16
Offer price944.16
Mid price-
CurrencyEUR
Price updated26/09/2016
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 price976.57
Offer price976.57
Mid price-
CurrencyGBP
Price updated26/09/2016
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£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.62%
Total expense ratio (TER)0.59%
Bid price968.63
Offer price968.63
Mid price-
CurrencyUSD
Price updated26/09/2016
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£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.52%
Total expense ratio (TER)0.49%
Bid price959.04
Offer price959.04
Mid price-
CurrencyEUR
Price updated26/09/2016
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 price988.55
Offer price988.55
Mid price-
CurrencyGBP
Price updated26/09/2016
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 price987.07
Offer price987.07
Mid price-
CurrencyUSD
Price updated26/09/2016
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 price975.81
Offer price975.81
Mid price-
CurrencyEUR
Price updated26/09/2016
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 price47.69
Offer price47.69
Mid price-
CurrencyEUR
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
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 price47.99
Offer price47.99
Mid price-
CurrencyGBP
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF9OI
Data provided by

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