Fact sheet: Pioneer SICVGblEqTrgInc

Fund information
Fund name
Pioneer SICAV - Global Equity Target Income N Distributing Monthly GBP
Fund manager company
Pioneer Investments
Fund type
Offshore Fund
Fund managers
  • Dieter Beilsince 06/12/2012
  • Piergaetano Iaccarinosince 06/12/2012
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 - Global Equity Target Income (the "Master Sub-Fund"). The Master Sub-Fund invests mainly in a broad range of equities of companies from anywhere in the world. The Master Sub-Fund may invest up to 20% of its assets 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 World
Investment style
No data available.
Investment method
Feeder fund, Shares
Quick stats
1 Year return
13.2%
1 Year rank in sector
79/471
Sector
FO Equity - International
Yield
-
Fund size
£1,960m (£1,704m 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.
92
Top in this sector
Fund name1 Year
Heptagon Kprnk GblAlCpEq46.4%
Schroder ISF Gbl Rec39.4%
Dodge & Cox Gbl Stk34.6%
SKAGEN Focus33.3%
Vanguard Gbl Small-Cap Idx33%
...more in FO Equity - International

Performance snapshot

Holdings snapshot

  • USA57.3%
    Japan9.6%
    Germany7.1%
    Italy5.6%
    UK4.2%
  • Information Technology21.7%
    Financial Services14.8%
    Industrials12.3%
    Consumer Durables12.1%
    Health Care8.9%
  • US Equities57.3%
    Japanese Equities9.6%
    German Equities7.1%
    Italian Equities5.6%
    UK Equities4.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.1%1.8%11.4%13.2%25.7%65.1%
Sector3.1%-0.2%4.6%4.5%15.7%52.9%
Rank within sector429 / 500139 / 49693 / 48679 / 471119 / 384111 / 287
Quartile4th2nd1st1st2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund12.6%-2.3%12.1%17.8%11.6%
Sector5.8%0.7%6%21.3%12.7%
Rank within sector94 / 475325 / 427101 / 387266 / 338203 / 289
Quartile1st4th2nd4th3rd
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.
4.99
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.
0.48
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%.
8.4
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.
7.75
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.
0.37
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.
0.4
Price movement
52 week high59.63
52 week low48.45
Current bid price57.54
Current offer price57.54
Current mid price-
Region
1USA57.3%
2Japan9.62%
3Germany7.14%
4Italy5.64%
5UK4.24%
6Money Market3.79%
7Netherlands3.64%
8Taiwan2.07%
9Others1.48%
Industry sector
1Information Technology21.7%
2Financial Services14.78%
3Industrials12.27%
4Consumer Durables12.06%
5Health Care8.86%
6Telecommunications Utilities7.45%
7Energy6.57%
8Utilities5.83%
9Others5.27%
Asset type
1US Equities57.3%
2Japanese Equities9.62%
3German Equities7.14%
4Italian Equities5.64%
5UK Equities4.24%
6Money Market3.79%
7Dutch Equities3.64%
8Taiwanese Equities2.07%
9International Equities1.48%
Individual holdings
1APPLE INC3.19%
2MICROSOFT CORP2.98%
3DEUTSCHE TELEKOM AG2.5%
4NTT DOCOMO INC2.47%
5CISCO SYSTEMS INC2.27%
6TAIWAN SEMICONDUCTOR MANUFACTURING2.07%
7EXXON MOBIL CORP2.06%
8INTEL CORP2.06%
9SEKISUI CHEMICAL CO1.98%
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 - Global Equity Target Income (the "Master Sub-Fund"). The Master Sub-Fund invests mainly in a broad range of equities of companies from anywhere in the world. The Master Sub-Fund may invest up to 20% of its assets 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 World
Investment style
No data available.
Investment method
Feeder fund, Shares
Fund managers
NameSinceBiography
Dieter Beil06/12/2012Dieter Beil is a Senior Portfolio Manager with the Global and Thematic Equity team at Pioneer Investments. Based in our Dublin office, he is responsible for multiple systematic funds, as well as the derivatives aspect of the global income fund. When Pioneer Investments acquired Activest in 2006, Dieter was part of a team managing four quantitative funds, Long Only and Long/Short. He began his career with HVB in 1997 as a trainee in the Private Client Department, before becoming Product Manager for funds and products for High Net Worth clients. Dieter holds a Master in Business Administration from the University of Siegen (1996). He has been a CFA charterholder since 2006.
Piergaetano Iaccarino06/12/2012Piergaetano Iaccarino is the Head of Thematic and Disciplined Equity at Pioneer Investments since January, 2012. He is also Lead Portfolio Manager of Pioneer Funds – Global Equity Target Income. Piergaetano has over 13 years of experience in managing global equity funds. Before joining the Global Equity team in October 2001, Piergaetano managed portfolios for the Far East Equity team. He managed Asian funds for two years and spent almost an additional two years focusing exclusively on Japanese equity portfolios. Prior to joining Pioneer Investments in May 1998, Piergaetano was a Japanese equity Portfolio Manager with IMI-Fideuram in Milan from 1996 to 1998. He is an Economics graduate from the University of Perugia. Piergaetano is also a Chartered Accountant and a Certified Public Accountant in Italy. He received his CFA charterholder in 2004.
Compliance
IA Recognised, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Luxembourg, Offshore
Pioneer SICAV - Global Equity Target Income N Distributing Monthly EUR
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)0.98%
Bid price54.53
Offer price54.53
Mid price-
CurrencyEUR
Price updated06/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFOFE
Pioneer SICAV - Global Equity Target Income N Distributing Monthly GBP
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)1.13%
Bid price57.54
Offer price57.54
Mid price-
CurrencyGBP
Price updated06/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFOFD
Pioneer SICAV - Global Equity Target Income N Distributing Monthly USD
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)1.13%
Bid price45.87
Offer price45.87
Mid price-
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFOFF
Data provided by

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