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MAFRX Pioneer Multi-Asset Ultrashort Income A

  • Fund
  • MAFRX
  • Price as of: Mar 28, 2017
  • $9.98
  • - $0.00
  • - 0.00%
  • Category
  • Total Bond Market

MAFRX - Profile

Vitals

  • YTD Return 0.0%
  • 3 Yr Annualized Return 1.1%
  • 5 Yr Annualized Return 1.3%
  • Net Assets $3.12 B
  • Holdings in Top 10 9.3%

52 WEEK LOW AND HIGH

$9.98
$9.92
$10.01

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.63%

SALES FEES

  • Front Load 2.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 58.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$250

Investment Themes

CATEGORY

Total Bond Market
  • Fund Type Open End Mutual Fund
  • Investment Style Ultrashort Bond

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return 0.2%
  • 5 Yr Annualized Total Return 0.8%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.01%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Pioneer Multi-Asset Ultrashort Income Fund
  • Fund Family Name Pioneer Investments
  • Inception Date Apr 29, 2011
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Seth Roman

Fund Description

Normally, the fund invests at least 80% of its net assets (plus the amount of borrowings, if any, for investment purposes) in floating rate instruments of U.S. and non-U.S. issuers, including: senior secured loans and second lien or other subordinated or unsecured loans; debt issued by banks and other corporate, governmental and non-governmental entities; corporate bonds; mortgage-backed and asset-backed securities; event-linked bonds and other insurance-linked securities; and preferred stock.

MAFRX - Performance

Return Ranking - Trailing

Period MAFRX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.0% -9.5% 7.9% 51.92% 5
1 Yr 2.5% -12.6% 50.7% 50.61% 3
3 Yr 1.1% * -5.9% 9.3% 66.51% 4
5 Yr 1.3% * -3.2% 12.8% 70.38% 4
10 Yr N/A * -2.1% 9.7% N/A N/A

* Annualized


Return Ranking - Calendar

Period MAFRX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 0.4% -10.9% 192.8% 35.07% 3
2015 -0.7% -33.0% 4.2% 8.43% 1
2014 -0.5% -9.3% 14.9% 45.37% 4
2013 -0.2% -24.1% 40.4% 9.49% 1
2012 1.2% -100.0% 18.7% 50.11% 4

Total Return Ranking - Trailing

Period MAFRX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.0% -7.3% 7.9% 51.79% 5
1 Yr 0.0% -12.6% 50.7% 75.42% 4
3 Yr 0.2% * -7.0% 9.3% 81.36% 5
5 Yr 0.8% * -4.1% 12.8% 79.36% 5
10 Yr N/A * -2.1% 9.7% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period MAFRX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 0.4% -9.5% 195.3% 46.28% 3
2015 -0.7% -32.5% 7.4% 25.34% 2
2014 -0.5% -8.3% 16.8% 62.83% 5
2013 -0.2% -12.9% 58.5% 20.40% 2
2012 1.2% -100.0% 35.2% 65.61% 5

NAV & Total Return History

MAFRX - Holdings

Filings data as of: Jan 31, 2017

Concentration Analysis

MAFRX Category Low Category High MAFRX % Rank Quintile
Net Assets 3.12 B 319 K 176 B 6.56% 2
Number of Holdings 1513 1 17739 2.80% 1
Net Assets in Top 10 278 M -36 B 36.7 B 9.10% 2
Weighting of Top 10 9.3% 0.0% 1093.9% 29.30% 5

Top 10 Holdings

  1. US Treasury Note 0.479% 1.53%
  2. US Treasury Note 0.52% 1.53%
  3. US Treasury Note 0.612% 1.53%
  4. US Treasury Note 0.53% 1.52%
  5. US Treasury Note 0.508% 1.07%
  6. Harris Cnty Tex Health Facs De Var 0.6% 0.78%
  7. Mississippi Busn Fin Corp Var Rate 0.58% 0.36%
  8. Geisinger Auth 0.56% 0.36%
  9. FNMA CMO 0.35%
  10. Fremf Mtg Tr 2015-Klsf CMO 0.31%

Asset Allocation

Weighting Category Low Category High MAFRX % Rank Quintile
Bonds
86.71% -175.98% 562.01% 20.45% 4
Cash
10.14% -461.99% 275.92% 8.39% 2
Other
3.16% -18.77% 99.99% 5.54% 1
Stocks
0.00% -2.63% 98.43% 5.70% 4
Preferred Stocks
0.00% 0.00% 17.19% 7.83% 4
Convertible Bonds
0.00% 0.00% 13.10% 5.65% 4

Bond Sector Breakdown

Weighting Category Low Category High MAFRX % Rank Quintile
Securitized
51.60% 0.00% 116.76% 3.56% 1
Corporate
24.89% 0.00% 221.70% 23.60% 4
Cash & Equivalents
10.08% -462.00% 275.92% 8.60% 2
Government
7.53% -389.49% 503.27% 22.63% 4
Municipal
2.74% 0.00% 102.05% 5.14% 1
Derivative
0.00% -160.06% 38.63% 2.39% 3

Bond Geographic Breakdown

Weighting Category Low Category High MAFRX % Rank Quintile
US
72.84% -370.09% 500.82% 18.97% 4
Non US
13.87% -221.41% 351.70% 12.72% 3

MAFRX - Expenses

Operational Fees

MAFRX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.63% 0.00% 42.51% 11.35% 2
Management Fee 0.32% 0.00% 2.15% 3.31% 2
12b-1 Fee 0.20% 0.00% 1.00% 2.14% 2
Administrative Fee N/A 0.00% 0.63% N/A N/A

Sales Fees

MAFRX Fees (% of AUM) Category Low Category High MAFRX Rank Quintile
Front Load 2.50% 0.00% 5.75% 3.85% 2
Deferred Load N/A 0.15% 5.50% N/A N/A

Trading Fees

MAFRX Fees (% of AUM) Category Low Category High MAFRX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MAFRX Fees (% of AUM) Category Low Category High MAFRX Rank Quintile
Turnover 58.00% 0.00% 1856.00% 12.67% 2

MAFRX - Distributions

Dividend Yield Analysis

MAFRX Category Low Category High MAFRX % Rank Quintile
Dividend Yield 0.1% 0.00% 1.30% 27.06% 4

Dividend Distribution Analysis

MAFRX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

MAFRX Category Low Category High MAFRX % Rank Quintile
Net Income Ratio 1.01% -1.76% 13.35% 19.08% 5

Capital Gain Distribution Analysis

MAFRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency N/A Annually Daily Annually

MAFRX - Managers

Seth Roman

Manager

Start Date

Apr 29, 2011

Tenure

5.84

Tenure Rank

4.9%

Roman is supported by the fixed income team. Members of this team manage other Pioneer funds investing primarily in fixed income securities. He joined Pioneer as a portfolio manager in March 2006 and has been an investment professional for over 10 years. Prior to joining Pioneer, he was a fixed income trader for Fidelity Management and Research Company.


Jonathan Sharkey

Manager

Start Date

Apr 29, 2011

Tenure

5.84

Tenure Rank

4.9%

Sharkey is a vice president, joined Pioneer in August 2006. From March 2004 to August 2006, he was employed by Putnam Investments as a corporate bond and leveraged loan analyst. Prior to that, Sharkey was a principal and leveraged loan analyst at Cypress Tree Investments.


Charles Melchreit

Manager

Start Date

Apr 29, 2011

Tenure

5.84

Tenure Rank

4.9%

Mr. Melchreit, a Senior Vice President and Director of Investment Grade of Pioneer, joined Pioneer in 2006. From 2003 to 2004, Mr. Melchreit was a managing director at Cigna Investment Management. Prior to that, he was senior ice president and portfolio manager at Aeltus Management. Mr. Melchreit received an MS degree in Statistics from Yale University in 2005.


Tenure Analysis

Category Low

0.0

Category High

28.2

Category Average

6.2

Category Mode

2.2