Pioneer Multi-Asset Ultrashort Income Fund

U.S. News evaluated 55 Ultrashort Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 0.83 percent over the past year.

Trailing Returns Updated 02.28.2014
Year to date 0.3%
1 Year 0.8%
3 Years (Annualized) N/A
5 Years (Annualized) N/A
10 Years (Annualized) N/A

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Summary

The investment seeks a high level of current income to the extent consistent with a relatively high level of stability of principal. Normally, the fund invests at least 80% of its net assets (plus the amount of borrowings, if any, for investment purposes) in floating rate instruments of U.S. and non-U.S. issuers, including: senior secured loans and second lien or other subordinated or unsecured loans; debt issued by banks and other corporate, governmental and non-governmental entities; corporate bonds; mortgage-backed and asset-backed securities; event-linked bonds; and preferred stock. The fund's average portfolio duration will be less than two years.

Fees

Fees are Low compared to funds in the same category.
Pioneer Multi-Asset Ultrashort Income Fund has an expense ratio of 0.72 percent.

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Risk

Risk is N/A compared to funds in the same category according to Morningstar.

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