Pioneer Multi-Asset Ultrashort Income welcomes too much credit risk for an ultrashort bond strategy, and turnover has plagued its management team in recent years. Its cheapest share classes earn a Morningstar Analyst Rating of Neutral, while its pricier shares are rated Negative.
Will MAFRX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MAFRX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the MAFRX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of MAFRX’s parent organization’s priorities and whether they’re in line with investors’ interests.