Strategy Objectives

Pioneer Short Term Income is a US short duration strategy that invests across a diversified1 portfolio of (primarily) US government, corporate, mortgage and asset-backed securities, with a 20% limit on non-investment grade exposure.

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


Key Features

The Pioneer Short Term Income Strategy is distinguished by the following key features:

  • Seasoned investment team: Boasts over 20 years of industry experience
  • Active asset allocation methodology: Employs active, dynamic asset allocation in order to manage changing levels of portfolio and market risk
  • 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: Invests across many different US dollar fixed income asset classes, sectors, credit ratings, and security structures



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Portfolio Management

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


Seth Roman, CFA
Vice President,
Portfolio Manager



Fund Facts

Inception Date
August 1, 2004


Bloomberg Barclays 1-3 Year US Government/Credit Index