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Untitled Document

As of June 30, 2017

   

Multi-Asset Ultrashort Income

 

Short-Term Income

Inception Date

 

May 2011

 

August 2004

Assets Under Management

 

$3,869 million

 

$589 million

Investment Universe

 
  • US Treasury securities
  • US agency securities
  • Non-agency mortgage-backed securities and asset-backed securities
  • Municipal securities
  • Money market instruments
  • Investment grade corporates
  • High yield corporates
  • Bank loans
  • Event-linked (catastrophe) bonds
  • Yankee securities
 
  • US Treasury securities
  • US agency securities
  • Non-agency mortgage-backed securities and asset-backed securities
  • Municipal securities
  • Money market instruments
  • Investment grade corporates
  • High yield corporates
  • Bank loans
  • Event-linked (catastrophe) bonds
  • Yankee securities

Credit Quality Range¹

 

A to AAA

 

A to AA-

Benchmark

 

BofA Merrill Lynch USD 3-Month
LIBOR Constant Maturity Index

 

Bloomberg Barclays 1-3 Year
US Government/
Credit Index

     

Source: Pioneer Investments, June 30, 2017

¹Credit Quality Range is a range of the ratings of the underlying fixed income securities, cash and cash equivalents held in the representative account of the composite as of the date noted, as provided by Moody's Investor Service or the Standard & Poor's ("S&P") or Fitch's, as applicable. If the ratings provided by the rating agency for a security differ, the average of the ratings is included. Bond ratings are ordered highest to lowest in a portfolio. Based on S&P's measures, AAA (the highest possible rating) through BBB are considered "investment grade"; BB or lower ratings are considered non-investment grade. Cash equivalents and some bonds may not be rated.