Fact sheet: Pioneer SICV-Gbl Agg Bd

Fund information
Fund name
Pioneer SICAV - Global Aggregate Bond N Non Distributing GBP
Fund manager company
Pioneer Investments
Fund type
Offshore Fund
Fund managers
  • Tanguy Le Saoutsince 16/08/2012
  • Charles Melchreitsince 16/08/2012
Fund objective
Seeks to increase the value of your investment and to provide income over the medium to long term. This Sub-Fund is a feeder UCITS which allocates 100% of its assets into Pioneer Funds - Global Aggregate Bond (the "Master Sub-Fund"). The Master Sub-Fund invests mainly in a broad range of investment grade bonds from government and corporate issuers from anywhere in the world. These bonds are denominated in OECD currencies or other currencies that are freely convertible. 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 medium-term interest rate swaps.
Benchmark
  • BARCAP Global Aggregate Index
Investment style
Active
Investment method
Fixed Interest
Quick stats
1 Year return
24.9%
1 Year rank in sector
8/287
Sector
FO Fixed Int - Global
Yield
-
Fund size
£760m (£745m 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.
67
Top in this sector
Fund name1 Year
Capital Group GHIOL32%
Aberdeen Global II GlGovtBd27.9%
Russell Gbl Bd27.7%
Dodge & Cox Global Bond26.9%
Baring Intl Bd26.7%
...more in FO Fixed Int - Global

Performance snapshot

Holdings snapshot

  • USA16.5%
    Japan13.7%
    Others9.2%
    France9%
    UK7%
  • Fixed Interest94.1%
    Money Market4.8%
    Others1.1%
  • US Fixed Interest16.5%
    Japanese Fixed Interest13.7%
    Global Fixed Interest11.4%
    French Fixed Interest9%
    UK Fixed Interest7.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.4%14.6%14.2%24.9%25.7%24.5%
Sector-0.4%2.2%3.9%5.1%8.3%16%
Rank within sector27 / 3046 / 3025 / 3008 / 28721 / 22745 / 161
Quartile1st1st1st1st1st2nd
Calendar performance
 YTD - 20162015201420132012
Fund22%1%5%-2.9%1.3%
Sector5.9%-1.6%3.7%-1.6%8.2%
Rank within sector7 / 29651 / 276103 / 237128 / 204155 / 170
Quartile1st1st2nd3rd4th
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.
3.57
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.
1.13
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.
0.35
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%.
9.42
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.
8.88
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.
0.4
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.
0.1
Price movement
52 week high63.51
52 week low49.83
Current bid price63.01
Current offer price63.01
Current mid price-
Region
1USA16.5%
2Japan13.74%
3Others9.23%
4France9%
5UK6.99%
6Italy6.22%
7Spain5.41%
8Money Market4.8%
9Denmark3.58%
Industry sector
1Fixed Interest94.09%
2Money Market4.8%
3Others1.11%
Asset type
1US Fixed Interest16.5%
2Japanese Fixed Interest13.74%
3Global Fixed Interest11.41%
4French Fixed Interest9%
5UK Fixed Interest7.35%
6Italian Fixed Interest6.22%
7Spanish Fixed Interest5.41%
8Money Market4.8%
9Danish Fixed Interest3.58%
Individual holdings
1JAPAN(GOVERNMENT OF) 1.6% BDS 20/06/30 JPY1000003.5%
2JAPAN(GOVERNMENT OF) 2.3% BDS 20/12/36 JPY1000003.07%
3JAPAN(GOVERNMENT OF) 1.3% BDS 20/12/18 JPY500002.91%
4JAPAN(GOVERNMENT OF) 1.2% BDS 20/12/20 JPY1000002.39%
5TREASURY 4.25% GILT 07/12/402.21%
6UNITED STATES OF AMER TREAS BONDS 4.375% BDS 15/05/41 USD10001.87%
7FRANCE(GOVT OF) 3% BDS 25/04/22 EUR11.59%
8ITALY(REPUBLIC OF) 2.5% BDS 01/12/24 EUR10001.59%
9UNITED STATES OF AMER TREAS NOTES 0% TB 31/12/17 USD10001.49%
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 over the medium to long term. This Sub-Fund is a feeder UCITS which allocates 100% of its assets into Pioneer Funds - Global Aggregate Bond (the "Master Sub-Fund"). The Master Sub-Fund invests mainly in a broad range of investment grade bonds from government and corporate issuers from anywhere in the world. These bonds are denominated in OECD currencies or other currencies that are freely convertible. 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 medium-term interest rate swaps.
Benchmark
  • BARCAP Global Aggregate Index
Investment style
Active
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Tanguy Le Saout16/08/2012Tanguy 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.
Charles Melchreit16/08/2012Charles Melchreit is a Portfolio Manager of Pioneer Multi-Asset Floating Rate Fund, Pioneer Government Income Fund, Pioneer Short Term Income Fund, Pioneer Global Aggregate Bond Fund, as well as a Portfolio Manager of institutional Core, Core Plus and Global Aggregate strategies. He specializes in structured securities as well as developing analytic methods and tools to enhance portfolio management processes. Before joining Pioneer Investments in 2006, Charles attended graduate school at Yale University, where he received a Master’s degree in Statistics. Concurrently, he worked at Cigna Investment Management where he managed an ABS and MBS portfolio. Previously he had worked for ING Aeltus, where he managed Aeltus’ Mortgage Group and Quantitative Research effort. His responsibilities included oversight of portfolio managers pursuing government and structured securities strategies, management of dedicated MBS/ABS portfolios, analysis and trading of fixed income derivatives, and leading a quantitative research team that focused on development of proprietary valuation and risk management tools. He has also worked in the Quantitative Management Group at MassMutual (now part of Babson Capital), where he was responsible for research in the area of mortgagebacked securities. Charles began his investment career in 1986 the Investment Department at Aetna Life and Casualty, where he was a quantitative investment analyst and later Head of Quantitative Research. In those roles, he was responsible for portfolio optimization and investment risk management; product development, including LDI and portfolio insurance strategies; development of proprietary investment systems; and research in rate forecasting and prepayment behavior. He holds a B.A. in Economics and an M.A. in Statistics, both from Yale University, as well as an M.S.C. in Management from Sloan School of Management, MIT.
Compliance
IA Recognised, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Luxembourg, Offshore
Pioneer SICAV - Global Aggregate 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)0.63%
Bid price63.01
Offer price63.01
Mid price-
CurrencyGBP
Price updated21/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF1WT
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