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Pioneer Bond Y PICYX

Analyst rating as of
NAV / 1-Day Return
10.13  /  0.11 %
Total Assets
5.9 Bil
Adj. Expense Ratio
0.460%
Expense Ratio
0.460%
Fee Level
Average
Longest Manager Tenure
21.91 years
Category
US Fund Intermediate Core-Plus Bond
Credit Quality / Interest Rate Sensitivity
Medium / Moderate
Min. Initial Investment
5,000,000
Status
Open
TTM Yield
3.16%
Effective Duration
5.89 years
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Morningstar’s Analysis

Will PICYX outperform in future?

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

Pioneer Bond’s Mortgage Holdings Struggle Amid the Sell-Off, But Our Rating Holds

Associate Director

Analyst Note

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Bond funds with exposure to nonagency mortgages have come under significant pressure in recent weeks, based in part on investor concern that the coronavirus pandemic may lead to mortgage forbearance. Pioneer Bond PBFKX is one of the most affected strategies. While the average category peer lost 6% from Feb. 20, 2020, through March 24, 2020, Pioneer Bond has lost 11%, making it one of the worst-performing intermediate core-plus bond funds over that period.

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