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
     

 

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

 

 

Fund Facts

Inception Date
August 1, 2004

 

Benchmark
Bloomberg Barclays 1-3 Year US Government/Credit Index