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Pioneer Multi-Asset Ultrashort Income A MAFRX

Analyst rating as of
NAV / 1-Day Return
9.56  /  0.10 %
Total Assets
5.0 Bil
Adj. Expense Ratio
0.600%
Expense Ratio
0.600%
Fee Level
Above Average
Longest Manager Tenure
11.06 years
Category
Ultrashort Bond
Credit Quality / Interest Rate Sensitivity
Medium / Limited
Min. Initial Investment
1,000
Status
Open
TTM Yield
1.21%
Effective Duration
0.20 years
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Morningstar’s Analysis

Will MAFRX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Persistent management turnover looms over this aggressive ultrashort bond strategy.

Summary

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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.

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