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Morningstar

Pioneer Multi-Asset Ultrashort Income Y MYFRX

Morningstar Medalist Rating
Medalist Rating as of | See Amundi Investment Hub
  • NAV / 1-Day Return 9.58  /  0.12 %
  • Total Assets 4.3 Bil
  • Adj. Expense Ratio
    —
  • Expense Ratio 0.440%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 5,000,000
  • Status Open
  • TTM Yield 3.77%
  • Effective Duration 0.19 years

USD | NAV as of Jun 06, 2023 | 1-Day Return as of Jun 06, 2023, 10:24 PM GMT+0

Morningstar’s Analysis MYFRX

Will MYFRX outperform in future?

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

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MYFRX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the MYFRX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of MYFRX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Heavy on credit risk.

Senior Analyst R.J. D'Ancona

R.J. D'Ancona

Senior Analyst

Summary

Pioneer Multi-Asset Ultrashort Income takes too much credit risk for an ultrashort bond strategy, and recent management turnover still hangs over this team. Its cheapest share classes earn a Neutral Morningstar Analyst Rating, while its pricier shares are rated Negative.

by R.J. D'Ancona
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings MYFRX

More MYFRX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 930
  • Other Holdings 81
  • % Assets in Top 10 Holdings 5.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Basket Collareal Us Triparty Repo

1.07
46,770,000
Cash and Equivalents

Basket Collareal Us Triparty Repo

1.07
46,770,000
Cash and Equivalents

Basket Collareal Us Triparty Repo

1.07
46,770,000
Cash and Equivalents

Federal National Mortgage Association 6%

0.72
31,581,250
Securitized

Us Dollar

0.59
25,984,428
Cash and Equivalents

Prudential Funding Corp

0.54
23,484,200
Cash and Equivalents

Basket Collareal Us Triparty Repo

0.53
23,380,000
Cash and Equivalents

Basket Collareal Us Triparty Repo

0.53
23,380,000
Cash and Equivalents

Standard Chartered PLC

0.53
23,337,795
Corporate

MARLETTE FUNDING TRUST 2023-2 6.04%

0.52
23,036,041
Securitized