Fact sheet: Pioneer SICV-Gbl Hi Yld

Fund information
Fund name
Pioneer SICAV - Global High Yield N Non Distributing GBP
Fund manager company
Pioneer Investments
Fund type
Offshore Fund
Fund managers
  • Andrew Feltussince 16/08/2012
  • Tracy Wrightsince 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 High Yield (the "Master Sub-Fund"). The Master Sub-Fund invests at least 80% of its assets in below-investment grade bonds. The Master Sub-Fund may also invest in preferred stocks, convertible bonds, and mortgage-related and asset-backed securities. These securities will be from at least three countries, and may be from anywhere in the world, including emerging markets. The Master Sub-Fund may use derivatives to reduce various risks, for efficient portfolio management and as a way to gain exposure to various assets, markets or income streams.
Benchmark
  • Barclays Global High Yield Index
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
26.9%
1 Year rank in sector
2/76
Sector
FO Fixed Int - Global High Yield
Yield
-
Fund size
£1,490m (£1,635m 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.
69
Top in this sector
Fund name1 Year
Franklin GblCorpHiYd30.7%
Pioneer SICV-Gbl Hi Yld26.9%
HSBC GIF Gbl AsBk Hg Yld Bd21.3%
BlueBay Em Mkt HY Crp15.3%
Schroder ISFGbHiIBd15.2%
...more in FO Fixed Int - Global High Yield

Performance snapshot

Holdings snapshot

  • USA50.1%
    Brazil7.4%
    Mexico3.9%
    Bermuda3.4%
    Russia3.1%
  • Fixed Interest96.6%
    Equities2.1%
    Money Market0.8%
    Others0.5%
  • US Fixed Interest50.1%
    American Emerging Fixed Interest9.3%
    Brazilian Fixed Interest7.4%
    Mexican Fixed Interest3.9%
    Global Fixed Interest3.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.7%8.8%20%26.9%32.4%59.7%
Sector0.2%4.7%7.5%8.1%11.1%36.2%
Rank within sector1 / 824 / 812 / 802 / 764 / 582 / 38
Quartile1st1st1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund27.5%-1.4%5.3%3.7%12.3%
Sector9.5%-2.5%1.4%5.2%15.5%
Rank within sector3 / 7925 / 699 / 6243 / 5035 / 41
Quartile1st2nd1st4th4th
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.
6.45
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.
0.56
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.
0.6
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%.
8.36
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.
8.15
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.
0.53
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 high71.22
52 week low54.15
Current bid price70.99
Current offer price70.99
Current mid price-
Region
1USA50.09%
2Brazil7.38%
3Mexico3.94%
4Bermuda3.41%
5Russia3.13%
6UK2.87%
7Argentina2.37%
8International1.96%
9France1.92%
Industry sector
1Fixed Interest96.57%
2Equities2.13%
3Money Market0.77%
4Others0.54%
Asset type
1US Fixed Interest50.09%
2American Emerging Fixed Interest9.3%
3Brazilian Fixed Interest7.38%
4Mexican Fixed Interest3.94%
5Global Fixed Interest3.6%
6Russian Fixed Interest3.13%
7UK Fixed Interest2.87%
8African Fixed Interest2.22%
9French Fixed Interest1.92%
Individual holdings
1UNITED STATES OF AMER TREAS BILLS 0% BDS 08/09/16 USD1001.71%
2MINERVA LUXEMBOURG SA 7.75% BDS 31/01/23 USD1000 144A1.19%
3DARLING GLOBAL FINANCE 4.75% NTS 30/05/22 EUR100000 144A1.16%
4SCIENTIFIC GAMES INTL INC 10% BDS 01/12/22 USD 20001.04%
5UNITED STATES OF AMER TREAS BILLS 0% BDS 15/09/16 USD10000.99%
6UNITED STATES OF AMER TREAS BILLS 0% BDS 22/09/16 USD10000.96%
7HCA INC 5.375% BDS 01/02/25 USD20000.91%
8MEXICO(UNITED MEXICAN STATES) 7.5% BDS 03/06/27 MXN1000.86%
9ALLY FINANCIAL INC 5.75% BDS 20/11/25 USD10000.82%
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 High Yield (the "Master Sub-Fund"). The Master Sub-Fund invests at least 80% of its assets in below-investment grade bonds. The Master Sub-Fund may also invest in preferred stocks, convertible bonds, and mortgage-related and asset-backed securities. These securities will be from at least three countries, and may be from anywhere in the world, including emerging markets. The Master Sub-Fund may use derivatives to reduce various risks, for efficient portfolio management and as a way to gain exposure to various assets, markets or income streams.
Benchmark
  • Barclays Global High Yield Index
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Andrew Feltus16/08/2012Andrew Feltus is Director of High Yield and Bank Loans and is a Portfolio Manager of Pioneer Global High Yield Fund, Pioneer High Yield Fund, Pioneer Strategic Income Fund, and Pioneer Global Multisector Income Fund at Pioneer Investments. He is also a Portfolio Manager of the institutional Multi-Sector Fixed Income strategy. He has extensive experience managing a wide range of debt securities globally, including emerging markets and foreign exchange, and has previously managed money market portfolios. Andrew is also a Portfolio Manager of two closed-end funds, Pioneer High Income Trust and Pioneer Diversified High Income Trust. Andrew joined Pioneer as a Fixed Income Analyst and was promoted to Portfolio Manager in 2001. Prior to joining Pioneer, he worked on the bond desk at Massachusetts Financial Services. Andrew has been actively managing U.S. fixed income portfolios since 1994, and managing derivatives, primarily bond futures, since 1992; currency forwards, since 1994; and credit default swaps, since 2008; which are used in a number of portfolios under his management. Andrew holds a B.A. in quantitative economics and philosophy from Tufts University. He is a CFA charterholder.
Tracy Wright16/08/2012Tracy has specialised in high yield and distressed companies for eleven years and before joining Pioneer Investments in 2004, she worked at State Street Global Advisors.
Compliance
IA Recognised, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Luxembourg, Offshore
Pioneer SICAV - Global High Yield N Non Distributing GBP
Initial charge-
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)0.8%
Bid price70.99
Offer price70.99
Mid price-
CurrencyGBP
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF1WU
Data provided by

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