Pioneer Global High Yield boasts a sizable and experienced team coupled with a sound process, but execution challenges have held it back. The strategy earns a Morningstar Analyst Rating of Neutral across its two cheaper share classes, and a heftier price tag earns its remaining share class a Negative rating.
Will PGHYX 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 PGHYX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the PGHYX 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 PGHYX’s parent organization’s priorities and whether they’re in line with investors’ interests.