Pioneer Strategic Income
Historical Performance
Objective And Strategy
ObjectiveA high level of current income.
StrategyNormally, the portfolio invests at least 80% of its net assets (plus the amount of borrowings, if any, for investment purposes) in debt securities. The portfolio has the flexibility to invest in a broad range of issuers and segments of the debt securities markets. Pioneer Investment Management, Inc., the Portfolio's investment adviser, allocates the Portfolio's investments among the following three segments of the debt markets:* Below investment grade (high yield) securities of U.S. and non-U.S. issuers* Investment grade securities of U.S. issuers, including convertible debt* Investment grade securities of non-U.S. issuers. Pioneer's allocations among these segments of the debt markets depend upon its outlook for economic, interest rate and political trends.
Tax Inefficient Fund
Asset classes that make large ordinary income distributions or generate significant short term capital gains are tax inefficient. Asset classes that match this description include REITs, commodities funds and absolute return funds.
Principle Risks
N/A
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Multisector Fixed Income07/1999