Pioneer High Yield
Standardized Performance
as of 12/05/2024
Objective And Strategy
ObjectiveMaximize total return (income plus capital appreciation).
Strategy
A total return fund with high current income potential derived from high yield and deeply discounted convertible bonds (providing more choices of industries and companies). Uses a relative value approach to high-yield investing with an industry focus--seeking industries with the best valuations and growth prospects. Research-intensive credit and issue selection process by a superior fixed-income management team. Portfolio philosophy: a fundamental, research-driven approach -- selecting securities selling at substantial discounts to underlying values and holding these issues until their intrinsic value is reflected in the marketplace -- can produce superior returns over time.
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.
Principal Risks
* This portfolio is subject to the risks of investing in low-grade corporate bonds that have a higher default risk, less liquidity and greater sensitivity to changes in the economy than investment-grade bonds. High-yield bonds are rated lower because there is a greater risk associated with the issuer's ability to pay principal and interest.
-
High Yield05/04/20051.201.6005/01/20250.25
Feedback