Fact sheet: Pioneer SICV-Strat Inc

Fund information
Fund name
Pioneer SICAV - Strategic Income N Hedged Non Distributing GBP
Fund manager company
Pioneer Investments
Fund type
Offshore Fund
Fund manager
  • Kenneth J. Taubessince 12/08/2012
Fund objective
Seeks to provide a high level of current income over the medium to long term. This Sub-Fund is a feeder UCITS which allocates 100% of its assets into Pioneer Funds -Strategic Income (the "Master Sub-Fund"). The Master Sub-Fund invests at least 80% of its assets in bonds, including mortgage-related and asset-backed securities. These investments may be from anywhere in the world, including emerging markets, and may be denominated in any currency. The Master Sub-Fund may invest up to 70% of its assets in below-investment grade bonds, up to 20% in bonds rated below CCC by Standard & Poor or equivalent and up to 30% in convertible securities and, on an ancillary basis, equities. 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
  • BarCap US Universal Index
Investment style
None
Investment method
Fixed Interest, Feeder fund
Quick stats
1 Year return
5.5%
1 Year rank in sector
-
Sector
FO Fixed Int - Global
Yield
-
Fund size
£2,762m
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.
20
Top in this sector
Fund name1 Year
Capital Group GHIOL35.6%
Dodge & Cox Global Bond27.3%
HSBC GIF Gbl AsBk Bd24.3%
SKAGEN Tellus23.4%
Russell Gbl Bd23.4%
...more in FO Fixed Int - Global

Performance snapshot

Holdings snapshot

  • USA80.5%
    International2.6%
    Mexico2.1%
    France2%
    Brazil1.9%
  • Fixed Interest105.2%
    Money Market1.2%
    Equities0.8%
    Others-7.2%
  • US Fixed Interest80.5%
    American Emerging Fixed Interest4.1%
    Mexican Fixed Interest2.1%
    French Fixed Interest2%
    Brazilian Fixed Interest1.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1%-1.3%1.7%5.5%10.1%25.8%
Sector-1.6%-2.1%0.7%3.5%6.2%13.7%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund6.3%-1.4%4.4%2.3%11.9%
Sector4.2%-1.6%3.7%-1.6%8.2%
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.
1.19
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.
0.98
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%.
3.26
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.
1.75
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.
0.65
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.
0.71
Price movement
52 week high59.15
52 week low53.56
Current bid price58.25
Current offer price58.25
Current mid price-
Region
1USA80.54%
2International2.56%
3Mexico2.07%
4France1.99%
5Brazil1.94%
6Bermuda1.61%
7UK1.34%
8Canada1.19%
9Money Market1.17%
Industry sector
1Fixed Interest105.17%
2Money Market1.17%
3Equities0.83%
4Others-7.18%
Asset type
1US Fixed Interest80.54%
2American Emerging Fixed Interest4.08%
3Mexican Fixed Interest2.07%
4French Fixed Interest1.99%
5Brazilian Fixed Interest1.94%
6UK Fixed Interest1.34%
7Canadian Fixed Interest1.19%
8Money Market1.17%
9Australian Fixed Interest0.98%
Individual holdings
1UNITED STATES OF AMER TREAS BILLS 0% TB 17/11/16 USD1005.11%
2FEDERAL NATIONAL MORTGAGE ASSOC 3.50% MTG BDS 31/12/49 USD3.55%
3UNITED STATES OF AMER TREAS BILLS 0% BDS 25/11/16 USD1002.28%
4UNITED STATES OF AMER TREAS BONDS 0% BDS 15/02/45 USD10001.91%
5FHLMC GOLD TBA 30 YR TBA 03.000% NOV1.46%
6UNITED STATES OF AMER TREAS NOTES FRN 31/01/18 USD10001.43%
7UNITED STATES OF AMER TREAS NOTES FRN 30/04/18 USD1001.19%
8UNITED STATES OF AMER TREAS BONDS 1% BDS 15/02/46 USD1001.17%
9UNITED STATES OF AMER TREAS BILLS 0% TB 03/11/16 USD1001.15%
Management
Fund manager group
Pioneer Asset Management
Fund manager company
Pioneer Investments
Fund type
Offshore Fund
Fund objective
Seeks to provide a high level of current income over the medium to long term. This Sub-Fund is a feeder UCITS which allocates 100% of its assets into Pioneer Funds -Strategic Income (the "Master Sub-Fund"). The Master Sub-Fund invests at least 80% of its assets in bonds, including mortgage-related and asset-backed securities. These investments may be from anywhere in the world, including emerging markets, and may be denominated in any currency. The Master Sub-Fund may invest up to 70% of its assets in below-investment grade bonds, up to 20% in bonds rated below CCC by Standard & Poor or equivalent and up to 30% in convertible securities and, on an ancillary basis, equities. 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
  • BarCap US Universal Index
Investment style
None
Investment method
Fixed Interest, Feeder fund
Fund manager
NameSinceBiography
Kenneth J. Taubes12/08/2012Ken Taubes is Head of Investment Management US of Pioneer Investment Management, Inc., the US investment division of Pioneer Investments. He is Portfolio Manager of Pioneer Strategic Income Fund, Pioneer Bond Fund, Pioneer Multi-Asset Real Return Fund, Pioneer Funds – Strategic Income, Pioneer Funds – U.S. Dollar Aggregate Bond and Pioneer Funds – Multi-Asset Real Return. He is also Portfolio Manager of Pioneer Investments' Core and Core Plus strategies for institutional clients. In addition, he oversees the equity and fixed income portfolio management and research analyst staff in the US, and is chairman of the US Investment Committee and a member of the US Management Committee. Prior to joining Pioneer Investments in 1998, Ken spent seven years with Putnam Investments in Boston, most recently as senior vice president and senior portfolio manager for over US$15 billion in fixed income assets for more than 30 institutional accounts and 15 open-end mutual funds. Ken also served as Senior Vice President and corporate treasurer of Home Owners Savings Bank in Boston, New England’s largest thrift holding company and one of the nation’s largest mortgage banks, where he worked from 1986 to 1990. He began his career in 1980 with Bank of New England as a treasury officer in the bank’s international treasury division. He holds a BS in accounting from Syracuse University’s Utica College (1980) and a MBA from Suffolk University (1985).
Compliance
IA Recognised, Reporting Fund Status, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Luxembourg, Offshore
Pioneer SICAV - Strategic Income A Hedged Non Distributing EUR
Initial charge5%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.82%
Bid price54.64
Offer price54.64
Mid price-
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF1WV
Pioneer SICAV - Strategic Income N Distributing Anually EUR
Initial charge-
Annual charge0.65%
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)0.99%
Bid price58.5
Offer price58.5
Mid price-
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFOAQ
Pioneer SICAV - Strategic Income N Distributing Anually GBP
Initial charge-
Annual charge0.65%
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)0.99%
Bid price63.61
Offer price63.61
Mid price-
CurrencyGBP
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFOAP
Pioneer SICAV - Strategic Income N Distributing Anually USD
Initial charge-
Annual charge0.65%
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)0.99%
Bid price49.87
Offer price49.87
Mid price-
CurrencyUSD
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFOAR
Pioneer SICAV - Strategic Income N Hedged Distributing Anually GBP
Initial charge-
Annual charge0.65%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price52.27
Offer price52.27
Mid price-
CurrencyGBP
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE0BD
Pioneer SICAV - Strategic Income N Hedged Non Distributing EUR
Initial charge-
Annual charge0.65%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price52.3
Offer price52.3
Mid price-
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE09K
Pioneer SICAV - Strategic Income N Hedged Non Distributing GBP
Initial charge-
Annual charge0.65%
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)0.85%
Bid price58.25
Offer price58.25
Mid price-
CurrencyGBP
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF1WW
Pioneer SICAV - Strategic Income N Non Distributing GBP
Initial charge-
Annual charge0.65%
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)0.98%
Bid price72.22
Offer price72.22
Mid price-
CurrencyGBP
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF1WX
Pioneer SICAV - Strategic Income N Non Distributing USD
Initial charge-
Annual charge0.65%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price52.83
Offer price52.83
Mid price-
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE0BE
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