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Home Funds & Products Mutual Funds Printable Version

Pioneer Cash Reserves Fund

Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund. Fund shares are not federally insured by the Federal Deposit Insurance Corporation or any other government agency.
Effective November 1, 2012, Pioneer Cash Reserves Fund ceased to offer Class B, Class C and Class R shares. On that date, all outstanding Class B, Class C and Class R shares were converted to Class A shares of the Fund.

Strategy

FUND STRATEGY

The Fund seeks high current income, preservation of capital and liquidity by investing in high quality short-term securities.


A WORD ABOUT RISK

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. Investing in foreign and/or emerging market securities involves risks relating to interest rates, currency exchange rates, economic, and political conditions. These risks may increase share price volatility.


Fund Facts

As of March 31, 2014

ClassA SharesY Shares*
CUSIP723755104723755609
Nasdaq SymbolPMTXXPRYXX
Inception Date/
Performance Inception Date
6/22/19876/22/1987
Total Net Assets (millions)$271.5$62.2
Initial Minimum Investment$1,000$5,000,000
Management Fee0.35%0.35%
Gross Expense Ratio1.25%0.54%

Initial minimum investment amounts for retirement plans are lower.
*Class Y shares are not subject to sales charges and are available for limited groups of investors, including institutional investors.


Portfolio Characteristics

As of March 31, 2014

7-day SEC Yield
Class A
Class Y

0.01%
0.01%
Weighted Average Life of Securities5 Days
Weighted Average Maturity5 Days

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 money market funds, the weighted average life of the securities (WAL) held in a fund or portfolio can be used as a measure of sensitivity to changes in liquidity and/or credit risk. Generally, the higher the value, the greater the sensitivity. WAL is based on the dollar-weighted average length of time until principal payments must be paid, taking into account any call options exercised by the issuer and any permissible maturity shortening features other than interest rate resets. For money market funds, the difference between weighted average maturity (WAM) and WAL is that WAM takes into account interest rate resets and WAL does not. WAL for money market funds is not the same as WAL of a mortgage- or asset-backed security.

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 or summary 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.

Neither Pioneer, nor its representatives, are legal or tax advisors. In addition, Pioneer does not provide advice or recommendations. The investments you choose should correspond to your needs, goals, and risk tolerance. For assistance in determining your financial situation, please consult an investment professional.

 
 

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

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Securities offered through Pioneer Funds Distributor, Inc., 60 State Street, Boston, MA. 02109. Underwriter of Pioneer mutual funds, Member SIPC © 2014 Pioneer Investments.