Pioneer Short Term Income maintains a capable team but courts too much credit risk for a short-term bond strategy. Its cheaper share classes earn a Morningstar Analyst Rating of Neutral, while its more expensive share classes are rated Negative.
Pioneer Short Term Income Y PSHYX
NAV / 1-Day Return
9.42
/
0.01
%
Total Assets
410.9 Mil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.460%
Expense Ratio
0.460%
Fee Level
Average
Longest Manager Tenure
5.27
years
Category
Short-Term Bond
Credit Quality / Interest Rate Sensitivity
Low / LimitedMin. Initial Investment
5,000,000
Status
Open
TTM Yield
2.45%
Effective Duration
1.75
years
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Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will PSHYX 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 PSHYX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the PSHYX 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 PSHYX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Despite a proficient team, this strategy takes excessive risk for a short-term bond fund.
