Active Management Across the Range of Market Environments

 

Pioneer Strategic Income Fund

Pioneer Strategic Income Fund is a multi-sector bond fund that invests across a broad range of global fixed income sectors, including core US investment grade, non-investment grade, non-US country, currency and floating rate asset classes. The Fund’s benchmark is the Bloomberg Barclays US Universal Index. 

Philosophy

Pioneer Strategic Income Fund adheres to three core investment tenets: value, diversification and downside risk focus.

 

Value-Driven

The Fund seeks to invest in sectors that offer attractive relative value, based on fundamentals and on spread relationships to long-term averages. Value investing seeks to capitalize on the benefits of rebalancing through dynamic allocation, which can make a significant contribution to portfolio returns over time.

Broad Diversification

The Fund’s diversification level seeks to benefit from incorporating a broad range of factors and sectors, which helps it pursue attractive risk-adjusted returns. Diversification available from asset classes with lower correlation1 to core sectors can help reduce volatility and downside risk.

Downside Risk Focus

The Fund has been successful in limiting downside risk and avoiding permanent impairment of capital has reflected its disciplined approach to limiting issuer concentrations combined with strong fundamental credit research, avoiding at-risk sectors and avoiding market value loss in rising interest rate environments. 

Actively Combining Asset Classes for Income and Risk Management

How Pioneer Strategic Income Fund is Actively Managed

Explore Active Management

Diverse asset classes tend to behave differently under various economic conditions and their performance tends to be uncorrelated to one another. Pioneer Strategic Income Fund has the flexibility to actively allocate assets among a diverse range of global fixed income sectors, seeking the best opportunities worldwide to help diversify the portfolio, enhance return potential and limit downside risk.

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Results Across Rate Cycles

Pioneer Strategic Income Fund’s broad diversification3 and its flexible approach to asset allocation can potentially help deliver strong performance in different economic, interest rate and credit environments. Get a closer look at the Fund’s results during the past five Fed Funds Rate cycles.

Results Across Rate Cycles

Strategy Overview

Pioneer Strategic Income Fund is a multi-sector bond fund that invests across a broad range of global fixed income sectors, including core US investment grade, non-investment grade, non-US (country and currency) and floating rate asset classes. The Fund pursues an active, value-driven investment approach, seeking to add value primarily through dynamic asset allocation and security selection.

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Integrated Investment Process

The Fund's active, value-driven investment process combines top-down and bottom-up research with the insights and tools of quantitative and qualitative analysts to assess potential buy-and-sell candidates for the portfolio.

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Fund Facts

Approach

The Fund seeks to enhance total return and significantly outperform its index, while delivering benchmark-like volatility and managing downside risk2, through dynamic investment across a diversified3 range of global fixed income asset classes and currencies. This strategy can serve as an investor’s core fixed income allocation, while offering the potential for higher returns with its increased opportunity set. The Fund strives to achieve volatility similar to that of a core bond portfolio, due to the diversification benefits of lower-correlated asset classes. Pioneer Strategic Income Fund pursues an active, value-driven investment approach, seeking to add value primarily through dynamic asset allocation and security selection.

Tickers

Class A:  PSRAX
Class C:  PSRCX
Class K:  STRKX
Class R:  STIRX
Class Y:  STRYX

Benchmark

Bloomberg Barclays US Universal Index

Inception Date

4/15/1999

Objective

High current income

Portfolio Management Team

The fund's highly experienced investment team works together to implement active allocation of funds, which has resulted in strong historical risk-returns.The investment team follows a long-term, disciplined investment approach limit downside risk. The team is supported by the strength of a global research platform of portfolio managers and sector specialists, with expertise in the area of fixed income spectrum and core competency in credit. Ken Taubes has managed the fund since its inception in 1999.

Ken Taubes, EVP
 Chief Investment Officer, US
Portfolio Manager

Andrew Feltus, CFA
Managing Director
and Co-Director of High Yield
Portfolio Manager

Jonathan Scott, CFA, VP
Portfolio Manager

Biography

Biography

Biography

Contact us to learn more! 1-800-622-9876

 

1Correlation is the degree to which assets or asset class prices have moved in relation to one another. Correlation ranges from -1 (always moving in opposite directions) through 0 (absolutely independent) to 1 (always move together). 

2Downside risk is the risk of the actual return being below the expected return.

3Diversification does not assure a profit or protect against loss.

A Word About Risk:
Investments in high yield or lower-rated securities are subject to greater volatility, illiquidity and possibility of default. When will the funds be in the fall? Conversely, when interest rates fall, the prices of fixed income securities in the Fund will rise. Investments in the Fund are subject to potential loss of financial risk of the issuer of debt securities. Prepayment risk is the chance that an issuer may exercise its right to prepay its security, if falling interest rates prompt the issuer to do so. Forced to reinvest in the future, the Fund would have declined in income and the opportunity for additional price appreciation. The securities issued by US government-sponsored entities (eg, FNMA, Freddie Mac) are not guaranteed by the US Government. The portfolio may invest in mortgage-backed securities, which during times of fluctuation may increase or decrease. Mortgage-backed securities are also subject to pre-payments. Foreign exchange, currency exchange rates, economic and political conditions. At times, the Fund may be considered to be more likely to increase volatility. Freddie Mac) are not guaranteed nor issued by the US Government. The portfolio may invest in mortgage-backed securities, which during times of fluctuation may increase or decrease. Mortgage-backed securities are also subject to pre-payments. Foreign exchange, currency exchange rates, economic and political conditions. At times, the Fund may be considered to be more likely to increase volatility. Freddie Mac) are not guaranteed nor issued by the US Government. The portfolio may invest in mortgage-backed securities, which during times of fluctuation may increase or decrease. Mortgage-backed securities are also subject to pre-payments. Foreign exchange, currency exchange rates, economic and political conditions. At times, the Fund may be considered to be more likely to increase volatility. The portfolio may invest in mortgage-backed securities, which during times of fluctuation may increase or decrease. Mortgage-backed securities are also subject to pre-payments. Foreign exchange, currency exchange rates, economic and political conditions. At times, the Fund may be considered to be more likely to increase volatility. The portfolio may invest in mortgage-backed securities, which during times of fluctuation may increase or decrease. Mortgage-backed securities are also subject to pre-payments. Foreign exchange, currency exchange rates, economic and political conditions. At times, the Fund may be considered to be more likely to increase volatility. Mortgage-backed securities are also subject to pre-payments. Foreign exchange, currency exchange rates, economic and political conditions. At times, the Fund may be considered to be more likely to increase volatility. Mortgage-backed securities are also subject to pre-payments. Foreign exchange, currency exchange rates, economic and political conditions. At times, the Fund may be considered to be more likely to increase volatility. making them more likely to any economic, political, or regulatory developments or other risks affecting those industries and sectors. These risks can increase share price volatility. making them more likely to any economic, political, or regulatory developments or other risks affecting those industries and sectors. These risks can increase share price volatility.  

Before investing, consider the product's investment objectives, risks, charges and expenses. Contact your advisor or Amundi Pioneer for a prospectus or summary prospectus containing this information. Read it carefully. To obtain a free prospectus or summary prospectus and for information on any Pioneer fund, please download it from our  literature section.

Securities offered through Amundi Pioneer Distributor, Inc., 
60 State Street, Boston, MA. 02109. 
Underwriter of Pioneer mutual funds, Member  SIPC.  

Not FDIC insured | May lose value | No bank guarantee