What Makes This Fund Different?
Flexibility – allows us to take advantage of global credit opportunities that arise from market dislocations, changes in valuations and volatility. Over time, the Fund adjusts exposure levels across a wide range of credit asset classes across the global fixed income markets.
Seeking to protect during times of severe market drawdown is important.
Call 1-800-622-9876 or visit us.pioneerinvestments.com for the most recent month-end performance results. Current performance may be lower or higher than the performance data quoted. The performance data quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost.
Average Annual Total Returns as of 12/31/15
A Share Gross and Net Expense Ratio: 1.14%. Y Share Gross Expense Ratio: 0.93% and Net Expense Ratio: 0.85%.
The Net Expense Ratio reflects contractual expense limitations currently in effect through 8/1/2016 for Class Y Shares. There can be no assurance that Pioneer will extend the expense limitations beyond such time. Please see the prospectus and financial statements for more information.
¹The BofA Merrill Lynch U.S. Dollar 3-Month LIBOR Index represents the London Interbank Offered Rate (LIBOR) with a constant 3-month average maturity. LIBOR is a composite of the rates of interest at which banks borrow from one another in the London market, and it is a widely used benchmark for short-term interest rates.
²The Bank of America Merrill Lynch U.S. High Yield Index is a commonly accepted measure of the performance of high yield securities.
³The BofA Merrill Lynch U.S. High Yield BB/B Constrained Index contains all securities in the BofA Merrill Lynch U.S. High Yield Index rated BB+ through B- by S&P (or equivalent as rated by Moody’s or Fitch), but caps issuer exposure at 2%. Index constituents are capitalization-weighted, based on their current amount outstanding, provided the total allocation to an individual issuer does not exceed 2%. Indices are unmanaged and their returns assume reinvestment of dividends and, unlike mutual fund returns, do not reflect any fees or expenses associated with a mutual fund. It is not possible to invest directly in an index.