Strategy Objectives

Pioneer Multi-Asset Ultrashort Income is a US multi-sector income strategy that utilizes a three layered approach to investing with the goal of achieving higher yields and lower volatility relative to its peer universe.

 

Key Features

The Pioneer Multi-Asset Ultrashort Income Strategy is distinguished by the following key features:

  • Three separate risk pools:
    • Liquidity: money market securities, US Treasuries and agency notes
    • Intermediate: corporate bonds, agency mortgage-backed securities (MBS), asset-backed securities (ABS) and limited use of municipal bonds
    • Core: holdings that generally offer lower liquidity, but afford the portfolio managers what we believe are the best opportunities to add yield and alpha to the portfolio, including non-agency asset-backed securities/mortgage-backed securities, bank loans, corporate bonds and event-linked (catastrophe) bonds
  • Diversification:1 Invests across many different US dollar fixed income asset classes, sectors, credit ratings, and security structures
  • Ultrashort duration target: Employs duration of 0.25 years
  • High quality portfolio: Focuses on senior securities within each asset class and structure

1Diversification does not guarantee a profit or protect against a loss.

 

Literature

Strategy Fact Sheet Request Product Profile

Portfolio Management


Charles Melchreit, CFA
Senior Vice President,
Director of Investment
Grade,
Portfolio Manager
biography

 


Seth Roman, CFA
Vice President,
Portfolio Manager
biography

 

 


Jonathan Sharkey
Senior Vice President,
Portfolio Manager
biography

Strategy Highlights

Inception Date
May 1, 2011

 

Benchmark
BofA Merrill Lynch US Dollar 3-Month LIBOR Constant Maturity Index