Fact sheet: Pioneer SICVEurEqTrgInc

Fund information
Fund name
Pioneer SICAV - European Equity Target Income N Distributing Semi-Annually GBP
Fund manager company
Pioneer Investments
Fund type
Offshore Fund
Fund managers
  • Karl Hubersince 29/06/2012
  • Herbert Rufsince 29/06/2012
Fund objective
Seeks to provide income and, secondarily, to increase the value of your investment over the medium to long term. This Sub-Fund is a feeder UCITS which allocates 100% of its assets into Pioneer Funds - European Equity Target Income (the "Master Sub-Fund"). The Master Sub-Fund invests mainly in a broad range of equities of companies that are based in, or do most of their business in Europe. The Master Sub-Fund invests at least 75% of its assets in equities issued by companies headquartered in the EU. The Master Sub-Fund may also invest up to 20% in bonds. 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 uses options to generate additional income.
Benchmark
  • MSCI Europe High Dividend
Investment style
None
Investment method
Mixed, Feeder fund
Quick stats
1 Year return
8.3%
1 Year rank in sector
14/227
Sector
FO Equity - Europe inc UK
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.
97
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Performance snapshot

Holdings snapshot

  • France22.2%
    UK17.5%
    Germany16.4%
    Netherlands11.7%
    Money Market10.2%
  • Financial Services23.2%
    Consumer Staples12.6%
    Industrials12.3%
    Health Care11.5%
    Telecommunications Utilities10.5%
  • French Equities22.2%
    UK Equities17.5%
    German Equities16.4%
    Dutch Equities11.7%
    Money Market10.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.3%-1%6.3%8.3%13.6%32.4%
Sector2.5%-2.6%-1.3%-5.8%13.6%56.3%
Rank within sector223 / 23379 / 23419 / 23214 / 227119 / 200162 / 175
Quartile4th2nd1st1st3rd4th
Calendar performance
 YTD - 20162015201420132012
Fund7%-0.8%3.1%8.3%9.4%
Sector-5.2%11.1%4.2%21.1%17.6%
Rank within sector13 / 228205 / 213137 / 200183 / 188171 / 177
Quartile1st4th3rd4th4th
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.
2.4
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.
0.42
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.
0.03
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%.
8.96
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.
10.44
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.
0.03
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.
0.33
Price movement
52 week high51.75
52 week low41.45
Current bid price48.03
Current offer price48.03
Current mid price-
Region
1France22.22%
2UK17.49%
3Germany16.36%
4Netherlands11.73%
5Money Market10.19%
6Switzerland8.75%
7Italy5.07%
8Ireland3.23%
9Spain3.12%
Industry sector
1Financial Services23.18%
2Consumer Staples12.6%
3Industrials12.26%
4Health Care11.46%
5Telecommunications Utilities10.48%
6Others6.89%
7Energy6.77%
8Utilities6.24%
9Consumer Durables4.41%
Asset type
1French Equities22.22%
2UK Equities17.49%
3German Equities16.36%
4Dutch Equities11.73%
5Money Market10.19%
6Swiss Equities8.75%
7Italian Equities5.07%
8Irish Equities3.23%
9Spanish Equities3.12%
Individual holdings
1NESTLE SA4.73%
2ROCHE HLDG AG3.27%
3VODAFONE GROUP3.01%
4ALLIANZ SE2.93%
5AXA2.83%
6BRITISH AMERICAN TOBACCO2.82%
7TOTAL SA2.46%
8ATLANTIA SPA2.39%
9DEUTSCHE TELEKOM AG2.37%
Management
Fund manager group
Pioneer Asset Management
Fund manager company
Pioneer Investments
Fund type
Offshore Fund
Fund objective
Seeks to provide income and, secondarily, to increase the value of your investment over the medium to long term. This Sub-Fund is a feeder UCITS which allocates 100% of its assets into Pioneer Funds - European Equity Target Income (the "Master Sub-Fund"). The Master Sub-Fund invests mainly in a broad range of equities of companies that are based in, or do most of their business in Europe. The Master Sub-Fund invests at least 75% of its assets in equities issued by companies headquartered in the EU. The Master Sub-Fund may also invest up to 20% in bonds. 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 uses options to generate additional income.
Benchmark
  • MSCI Europe High Dividend
Investment style
None
Investment method
Mixed, Feeder fund
Fund managers
NameSinceBiography
Karl Huber29/06/2012Karl Huber, Master of Business Administration (â€ââDiplom-Kaufmannâ€ââ), is a Senior Portfolio Manager at Pioneer Investments' Munich office. Karl is a member of the European Equities team and a recognised expert on German equities with strong links to the German business community. He has worked at Pioneer Investments since 1999, and draws on more than 20 years of investment experience. In 2007, Karl assumed responsibility for the classic German equity fund Pioneer Investments German Equity, which won â€ââBest German Equity Fundâ€â❠at the Feri 2012 EuroRating Awards. In addition, he manages Pioneer Funds – European Equity Target Income and Pioneer Funds – German Equity, the Luxembourg-domiciled mirror of Pioneer Investments German Equity. Karl began his career with a traineeship for specialised bank employees. During his subsequent business administration studies, he worked at FIDUKA Depotverwaltung, which offers the Kostolany stock exchange seminars, from 1990 to 1994. After graduating from university, he joined a large German Landesbank as an equity analyst in 1995, before switching to an equity analyst position at Pioneer Investments in 1999. Karl played a key role in the integration of the fund management organisation in the 2006 merger of Pioneer Investments and the German investment management company Activest.
Herbert Ruf29/06/2012Herbert Ruf is a Senior Portfolio Manager in our Risk Overlay and Income Strategies Team in the Munich Investment Hub. Within the team, he focuses on derivatives and hedging strategies. Herbert manages mutual funds and balanced strategies for institutional clients. He began his career in investments in 1987 as an equity and derivatives trader in HVB Investment Banking division. Since 2001 he has been employed by Activest (now Pioneer Investments) which was purchased by the UniCredit Group in 2006. UniCredit is the parent group of Pioneer Investments. Herbert is a Graduate of Business Administration (VWA).
Compliance
IA Recognised, Reporting Fund Status, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Luxembourg, Offshore
Pioneer SICAV - European Equity Target Income A Distributing Semi-Annually EUR
Initial charge-
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.74%
Bid price40.64
Offer price42.67
Mid price-
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFKJD
Pioneer SICAV - European Equity Target Income N Distributing Semi-Annually EUR
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)0.97%
Bid price45.63
Offer price45.63
Mid price-
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFJFP
Pioneer SICAV - European Equity Target Income N Distributing Semi-Annually GBP
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)0.97%
Bid price48.03
Offer price48.03
Mid price-
CurrencyGBP
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFMWM
Pioneer SICAV - European Equity Target Income N Distributing Semi-Annually USD
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)0.97%
Bid price40.18
Offer price40.18
Mid price-
CurrencyUSD
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFOAV
Pioneer SICAV - European Equity Target Income N Hedged Distributing Semi-Annually USD
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)1.07%
Bid price41.28
Offer price41.28
Mid price-
CurrencyUSD
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFS7N
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