Pioneer High Yield judiciously altered its strategy’s approach several years ago, but the management team does not demonstrate an edge within the confines of its refined process. Its cheaper share classes earn a Morningstar Analyst Rating of Neutral, while its pricier share classes are rated Negative.
Will TYHYX 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 TYHYX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the TYHYX 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 TYHYX’s parent organization’s priorities and whether they’re in line with investors’ interests.