Fact sheet: Pioneer SICV-FlxOpprt

Fund information
Fund name
Pioneer SICAV - Flexible Opportunities N Non Distributing GBP
Fund manager company
Pioneer Investments
Fund type
Offshore Fund
Fund managers
  • Howard Weisssince 29/06/2012
  • Michele Garausince 29/06/2012
Fund objective
Seeks to increase the value of your investment and to provide income more than the rate of U.S. inflation over the medium to long term. This Sub-Fund is a feeder UCITS which allocates 100% of its assets into Pioneer Funds – Multi Asset Real Return (the "Master Sub-Fund"). The Master Sub-Fund mainly invests in a broad range of securities from around the world, including emerging markets. The mix of securities can include equities, government and corporate bonds, money market securities and investments whose values are linked to commodity prices. The Master Sub-Fund flexibly manages its exposure to different currencies. The Master Sub-Fund may use derivatives to reduce various risks, for efficient portfolio management or as a way to gain exposure to various assets, markets or income streams. In particular, the Master Sub-Fund will hold positions in any currency and will use derivatives to manage that exposure.
Benchmark
  • No Specified Index
Investment style
Aggressive
Investment method
Feeder fund
Quick stats
1 Year return
21.6%
1 Year rank in sector
-
Sector
FO Mixed Asset - Aggressive
Yield
-
Fund size
£0m
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.
96
Top in this sector
Fund name1 Year
HSBC Pfl Wld Seltn 526.3%
Dimensional World Alloc 80/2025.5%
CMI Global Mixed24.7%
SEI Aggr23.2%
Capital Group GAlcL23%
...more in FO Mixed Asset - Aggressive

Performance snapshot

Holdings snapshot

  • USA56.1%
    Japan14.8%
    China7.9%
    Russia6.9%
    India5%
  • Industrials17.7%
    Health Care13.9%
    Consumer Durables12.9%
    Financial Services11.8%
    Consumer Staples11.6%
  • International Equities64.3%
    Global Fixed Interest26.4%
    Money Market5.7%
    Property Shares3.1%
    Exchange Traded Funds (ETF)0.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.8%2.2%14.1%21.6%--
Sector1%-0%4.6%5.2%12.1%34.8%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund20.8%4.2%---
Sector5.5%0%4.6%11.4%9.7%
Rank within sector-----
Quartile
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 high70.5
52 week low51.85
Current bid price67.35
Current offer price67.35
Current mid price-
Region
1USA56.1%
2Japan14.8%
3China7.9%
4Russia6.9%
5India5.02%
6France4.55%
7Singapore4.25%
8Money Market3.35%
9Hong Kong2.9%
Industry sector
1Industrials17.72%
2Health Care13.88%
3Consumer Durables12.87%
4Financial Services11.75%
5Consumer Staples11.64%
6Information Technology8.7%
7Real Estate6.93%
8Others5.17%
9Basic Industries3.65%
Asset type
1International Equities64.3%
2Global Fixed Interest26.4%
3Money Market5.7%
4Property Shares3.1%
5Exchange Traded Funds (ETF)0.2%
Individual holdings
1SSGA SPDR S&P US DIVIDEND ARISTOCRATS UCITS ETF GBP6.2%
2UNITED STATES OF AMER TREAS BILLS 0% BDS 25/11/16 USD1004.51%
3UNITED STATES OF AMER TREAS BILLS 0% TB 03/11/16 USD1004.16%
4UNITED STATES OF AMER TREAS BILLS 0% BDS 10/11/16 USD1003.18%
5RUSSIAN FEDERATION MINISTRY FINANCE 3.5% BDS 16/01/19 USD200000 144 A2.45%
6SSGA SPDR ETFS EUROPE I PLC1.39%
7GRANITE CONSTRUCTION1.35%
8RAYTHEON CO1.25%
9GAZPROM OAO 3.85% BDS 06/02/20 USD1000 144A1.21%
Management
Fund manager group
Pioneer Asset Management
Fund manager company
Pioneer Investments
Fund type
Offshore Fund
Fund objective
Seeks to increase the value of your investment and to provide income more than the rate of U.S. inflation over the medium to long term. This Sub-Fund is a feeder UCITS which allocates 100% of its assets into Pioneer Funds – Multi Asset Real Return (the "Master Sub-Fund"). The Master Sub-Fund mainly invests in a broad range of securities from around the world, including emerging markets. The mix of securities can include equities, government and corporate bonds, money market securities and investments whose values are linked to commodity prices. The Master Sub-Fund flexibly manages its exposure to different currencies. The Master Sub-Fund may use derivatives to reduce various risks, for efficient portfolio management or as a way to gain exposure to various assets, markets or income streams. In particular, the Master Sub-Fund will hold positions in any currency and will use derivatives to manage that exposure.
Benchmark
  • No Specified Index
Investment style
Aggressive
Investment method
Feeder fund
Fund managers
NameSinceBiography
Howard Weiss29/06/2012Howard Weiss is an Associate Portfolio Manager based in our Boston office. He is involved in the management of Pioneer Multi-Asset Real Return and his responsibilities include analysis and research, administration and order placement, as well as interfacing with analysts, traders and other portfolio managers. Howard is also Associate Portfolio Manager for the Luxembourgdomiciled Pioneer Funds - Multi Asset Real Return. From 2007 to 2010, he was Associate Portfolio Manager for our Large Cap Core (Pioneer Fund) and US Dividend Income (Equity Income Fund) strategies. Prior to 2007, Howard worked for Bank of America where he was initially involved in the corporate development and business strategy group, and more recently on the investment management solutions team. He began his career at Darling Consulting Group as an Asset Liability analyst, performing interest rate sensitivity and risk analysis for smaller banks and credit unions. He graduated from the Pennsylvania State University where he received a BSc in Finance and holds both an MSc in Finance and an MBA from Boston College.
Michele Garau29/06/2012Prior to this role, Michele managed global flexible portfolios for European investors, and was Head of the Balanced Portfolios team at Pioneer Investment Management Limited. He has actively managed a range of multi-sector investment portfolios since 1987. Michele joined the firm from Antonveneta ABN AMRO Bank where his most recent position was Chief Investment Officer. He began his career as a Financial Analyst with Barclays in 1982 and has a degree in Economics from Cagliari University, Sardinia.
Compliance
Reporting Fund Status, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Luxembourg, Offshore
Pioneer SICAV - Flexible Opportunities N Non Distributing EUR
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)1.06%
Bid price62.14
Offer price62.14
Mid price-
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFOBY
Pioneer SICAV - Flexible Opportunities N Non Distributing GBP
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)1.06%
Bid price67.35
Offer price67.35
Mid price-
CurrencyGBP
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFOBZ
Pioneer SICAV - Flexible Opportunities N Non Distributing USD
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)1.06%
Bid price52.97
Offer price52.97
Mid price-
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFOCA
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.