| Strategy |
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FUND STRATEGY Seeks as high a level of current income exempt from Federal income tax as is consistent with a portfolio of high-quality, short-term municipal obligations selected on the basis of liquidity and preservation of capital. |
A WORD ABOUT RISK
When interest rates rise, the prices of fixed-income securities in the Fund will generally fall. Conversely, when interest rates fall, the prices of fixed-income securities in the Fund will generally rise. Investments in the Fund are subject to possible loss due to the financial failure of underlying securities and their inability to meet their debt obligations. Investing in foreign and/or emerging market securities involves risks relating to interest rates, currency exchange rates, economic, and political conditions. At times, the Fund's investments may represent industries or industry sectors that are interrelated or have common risks, making it more susceptible to any economic, political, or regulatory developments or other risks affecting those industries and sectors. These risks may increase share price volatility.
| Fund Facts |
As of June 30, 2010
| Class | A Shares |
| CUSIP | 72387W846 |
| Nasdaq Symbol | TTAXX |
| Inception Date | 9/18/1984 |
| Total Net Assets (millions) | $50.3 |
| Initial Minimum Investment | $1,000 |
| Management Fee | 0.40% |
| Total Expense Ratio (Gross) | 0.75% |
| Total Expense Ratio (Net) | 0.75% |
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Initial minimum investment amounts for retirement plans are lower. |
| Portfolio Characteristics |
As of June 30, 2010
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Based on the latest seven days as of the period's end with dividends annualized. The yield quotation more closely reflects the current earnings of the Money Market portfolio than the total return quotation.
For a full list of fund holdings, click here.
| Portfolio Management |
Seth Roman, Portfolio Manager
Mr. Roman joined Pioneer as a portfolio manager in March 2006 and has been an investment professional since 1995.
| 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.