Strategy Objectives

The Pioneer Dynamic Credit Strategy employs a flexible, focused and disciplined approach to global credit. The Strategy seeks performance consistent with "high quality" high yield markets but with significantly less drawdown during times of market stress. We strive to capitalize on opportunities arising from market dislocations and volatility across global fixed income asset classes and employ a scenario-based approach in an effort to uncover securities that offer the strongest risk-adjusted return potential. The Strategy integrates risk management throughout the entire investment process.

 

Key Features

The Pioneer Dynamic Credit Strategy is a flexible, opportunistic and diversified approach to global credit with the goal of achieving the returns of a "high quality" high yield strategy but with significantly less drawdown during times of market stress. Pioneer Dynamic Credit Strategy offers:

  • Emphasis on generating returns on par with a "high quality" high yield strategy (BB credit)
  • A scenario based approach to uncover securities that offer the strongest risk-adjusted return potential
  • A multi-dimensional risk management framework that intergrates security selection, asset allocation and a hedging process focused on reducing drawdown resulting from extreme market volatility
  • An experienced investment team with over 20 years average industry experience
  • A proven track record of delivering strong risk-adjusted results since inception relative to its peer group

 

Literature

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