Pioneer Investments:



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Contact us to learn more.
1-800-622-9876

Tickers, CUSIPs
Class A: RCRAX, 72388E100
Class C: RCRCX, 72388E209
Class Y: RCRYX, 72388E308

Goal
To help investors allocate capital in potentially high-yielding fixed income markets, while cushioning their portfolio against various types of downside risk

Approach
Applies three layers of risk management: portfolio diversification, adaptive hedge and event-driven hedge

Inception Date
April 29, 2011

Benchmark
BofA Merrill Lynch U.S. Dollar 3-Month
LIBOR Index¹

Managers

Michael Temple, SVP
Director of Credit Research, U.S.
Portfolio Manager
Biography

   

Andrew Feltus, CFA®, SVP
Director of High Yield and
Bank Loans
Portfolio Manager
Biography

   

Chin Liu
Associate Portfolio Manager
Biography

Pioneer Dynamic Credit Fund

  Overall Load-Waived Morningstar Rating™

Among 178 Nontraditional Bond peers, class A shares as of 7/31/14

Pioneer Dynamic Credit Fund recently celebrated its third anniversary and earned a high rating among its Morningstar peers.

  Overall Rating 3-Year Rating 1-Year
Percentile Rank /
# of Funds
3-Year
Percentile Rank /
# of Funds
Load-Waived 17%
45/270 funds
9%
17/178 funds
Load-Adjusted

The mutual fund shown may have experienced negative performance during one or more of the time periods represented by the Morningstar ratings shown.

What Makes This Fund Different?

  • Risk Management Strategy – Based on market conditions, different levels of hedges can be applied to help protect against downside risk in the portfolio.

  • Dynamic Investment Approach – The Portfolio’s unconstrained approach to income investing allows for opportunistic allocation among a diverse range of credit sectors.

  • Portfolio Management – The portfolio management team average over 18 years of investment experience and are supported by Pioneer’s core fixed income team averaging over 20 years of experience.

 

How does the Fund pursue a high level of current income while cushioning against downside risk?

Credit Expertise – The portfolio management team brings extensive investment experience and credit expertise to all sectors of the market with rigorous research that underlies the Fund’s innovative and actively managed strategy.

Flexibility – The Fund’s dynamic approach to seeking high current income in volatile markets allows flexibility to invest anywhere in the credit markets, in almost any fixed income security.

Multi-layered Risk Management – Pioneer Dynamic Credit Fund features a multi-layered risk management strategy that incorporates broad diversification² across multiple credit sectors as well as risk management tools that aim to smooth the effects of volatility over time.