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MAFRX Pioneer Multi-Asset Ultrashort Income A

  • Fund
  • MAFRX
  • Price as of: Aug 08, 2016
  • $9.98
  • - $0.00
  • - 0.00%
  • Category
  • Total Bond Market

MAFRX - Profile

Vitals

  • YTD Return 0.4%
  • 3 Yr Annualized Return 0.9%
  • 5 Yr Annualized Return 1.2%
  • Net Assets $2.52 B
  • Holdings in Top 10 8.6%

52 WEEK LOW AND HIGH

$9.98
$9.90
$9.98

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 0.4%
  • 3 Yr Annualized Total Return 0.1%
  • 5 Yr Annualized Total Return 0.7%
  • 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 0.4% -29.9% 209.8% 57.63% 5
1 Yr 1.1% -15.9% 20.3% 77.00% 4
3 Yr 0.9% * -6.4% 10.4% 81.64% 5
5 Yr 1.2% * -3.4% 9.0% 80.95% 5
10 Yr N/A * -1.1% 10.2% N/A N/A

* Annualized


Return Ranking - Calendar

Period MAFRX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.7% -51.0% 6.6% 10.19% 1
2014 N/A -0.4% 2.9% N/A N/A
2013 N/A -4.9% -0.8% N/A N/A
2012 N/A 0.8% 13.9% N/A N/A
2011 N/A -1.7% 3.8% N/A N/A

Total Return Ranking - Trailing

Period MAFRX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.4% -8.1% 209.8% 58.32% 5
1 Yr -1.5% -19.0% 20.3% 86.62% 5
3 Yr 0.1% * -7.1% 10.4% 91.29% 5
5 Yr 0.7% * -4.3% 9.0% 87.65% 5
10 Yr N/A * -1.1% 10.2% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period MAFRX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.7% -51.0% 6.6% 10.15% 1
2014 N/A -0.3% 4.5% N/A N/A
2013 N/A -4.6% 0.6% N/A N/A
2012 N/A 1.4% 15.7% N/A N/A
2011 N/A -0.9% 5.5% N/A N/A

NAV & Total Return History

MAFRX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

MAFRX Category Low Category High MAFRX % Rank Quintile
Net Assets 2.52 B 319 K 169 B 7.27% 2
Number of Holdings 1507 1 17404 3.00% 1
Net Assets in Top 10 223 M -36 B 21.5 B 10.17% 2
Weighting of Top 10 8.6% 0.0% 1826.2% 28.89% 5

Top 10 Holdings

  1. US Treasury Note 0.188% 1.76%
  2. US Treasury Note 0.577% 1.75%
  3. US Treasury Note 0.41% 1.74%
  4. US Treasury Note 0.392% 1.24%
  5. FNMA CMO 0.44%
  6. Mississippi Busn Fin Corp Var Rate 0.35% 0.41%
  7. Cgwf Coml Mtg Tr 2013-Rkwh CMO 0.35%
  8. Chase Issuance Tr 2015-6a FRN 0.30%
  9. GS MTG COML 2007-GG10 0.29%
  10. New York Life Gbl Fdg Mtn 144a 144A FRN 0.29%

Asset Allocation

Weighting Category Low Category High MAFRX % Rank Quintile
Bonds
80.85% -175.98% 181.87% 21.21% 4
Cash
17.81% -82.73% 275.92% 6.56% 1
Other
1.34% -15.97% 117.15% 8.14% 2
Convertible Bonds
0.00% 0.00% 18.40% 5.29% 4
Preferred Stocks
0.00% -0.07% 17.65% 7.78% 4
Stocks
0.00% -5.60% 98.06% 5.39% 4

Bond Sector Breakdown

Weighting Category Low Category High MAFRX % Rank Quintile
Securitized
55.51% 0.00% 275.57% 2.49% 1
Corporate
17.72% 0.00% 502.59% 26.20% 5
Cash & Equivalents
17.70% -63.55% 811.66% 6.97% 2
Government
6.80% -990.83% 129.84% 22.43% 4
Municipal
0.93% 0.00% 106.20% 8.80% 2
Derivative
0.00% -895.14% 18.41% 2.14% 3

Bond Geographic Breakdown

Weighting Category Low Category High MAFRX % Rank Quintile
US
69.50% -513.97% 163.91% 18.97% 4
Non US
11.35% -5.42% 399.20% 13.43% 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% 11.55% 2
Management Fee 0.32% 0.00% 2.15% 3.46% 2
12b-1 Fee 0.20% 0.00% 1.00% 2.22% 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% 3.89% 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% 1944.00% 12.26% 2

MAFRX - Distributions

Dividend Yield Analysis

MAFRX Category Low Category High MAFRX % Rank Quintile
Dividend Yield 0.1% 0.00% 1.30% 27.00% 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% 17.13% 18.42% 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

5.26

Tenure Rank

5.2%

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

5.26

Tenure Rank

5.2%

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

5.26

Tenure Rank

5.2%

Melchreit is Vice president, and he joined Pioneer in 2006. From 2003 to 2004 he was a Managing Director at Cigna Investment Management. Prior thereto, Melchreit was a Senior Vice President and Portfolio Manager at Aeltus Investment Management.


Tenure Analysis

Category Low

0.0

Category High

27.6

Category Average

5.91

Category Mode

1.6