Overall A Share Load-Waived Morningstar Rating™
Overall A Share Load-Adjusted Morningstar Rating™
Overall Y Share Morningstar Rating™
Morningstar Rankings - Ultrashort Bond Funds
The mutual fund shown may have experienced negative performance during one or more of the time periods represented by the Morningstar ratings shown.
additional morningstar information
What Makes This Fund Different?
*Diversification does not assure a profit or protect against a loss.
How can the Fund help hedge against interest rate risk?
Floating Rate Securities – The Fund invests in floating rate securities which include bank loans, event-linked securities, mortgage-backed securities and money market instruments. Unlike other types of fixed income securities whose rates are fixed, the income component of floating rate securities rises as interest rates rise. This can help play an important role in an investor's total asset allocation by potentially offering protection against rising rates.
Low Volatility – The Fund is managed to pursue greater NAV stability over time than the average of the funds in the Morningstar Short-Term Bond and Intermediate-Term Bond categories.
Enhanced Income Potential – Pioneer Multi-Asset Ultrashort Income Fund seeks enhanced income versus money market accounts and CDs by offering a broad range of income opportunities. However, the Fund’s NAV can fluctuate.