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Morningstar

Pioneer Short Term Income Y PSHYX

Morningstar Analyst Rating
Analyst rating as of | See Amundi Investment Hub
  • NAV / 1-Day Return 8.77  /  0.19 %
  • Total Assets 411.1 Mil
  • Adj. Expense Ratio
    0.460%
  • Expense Ratio 0.460%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 5,000,000
  • Status Open
  • TTM Yield 3.60%
  • Effective Duration 1.68 years

USD | NAV as of Feb 06, 2023 | 1-Day Return as of Feb 06, 2023, 11:32 PM GMT+00:00

Morningstar’s Analysis PSHYX

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.

A revamped management roster continues to favor credit risk.

Senior Analyst

Summary

| by R.J. D'Ancona

Pioneer Short Term Income maintains too much credit risk for a short-term bond strategy, and steady leadership turnover has weakened this team. Its cheaper share classes earn a Neutral Morningstar Analyst Rating, while its pricier shares are rated Negative.

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