Pioneer Bond Fund Commentary Pioneer Investments:


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Pioneer Bond Fund

Fund Commentary 

Q2 2010 Market Review

The Fund's Class A shares had a positive return in the second quarter, but they underperformed the benchmark Barclays Capital Aggregate Bond Index (the Barclays Index).

The Fund's benchmark-relative performance was hurt during the quarter due to an underexposure to Treasuries and by holdings in non-rated bonds, among other factors.

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Not FDIC insured May lose value No bank guarantee

Before investing, consider the product's investment objectives, risks, charges and expenses. Contact your advisor or Pioneer Investments for a prospectus containing this information. Read it carefully. To obtain a free prospectus and for information on any Pioneer fund, please download from our web site.

 
 
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Securities offered through Pioneer Funds Distributor, Inc., 60 State Street, Boston, MA. 02109. Underwriter of Pioneer mutual funds, Member SIPC © 2010 Pioneer Investments.

Not FDIC insured | May lose value | No bank guarantee