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TAHYX Pioneer High Yield A

  • Fund
  • TAHYX
  • Price as of: Dec 14, 2018
  • $9.21
  • - $0.02
  • - 0.22%
  • Category
  • High Yield Bonds

TAHYX - Profile

Vitals

  • YTD Return -5.5%
  • 3 Yr Annualized Return 5.7%
  • 5 Yr Annualized Return 3.0%
  • Net Assets $777 M
  • Holdings in Top 10 11.9%

52 WEEK LOW AND HIGH

$9.21
$9.21
$9.83

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.15%

SALES FEES

  • Front Load 4.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 39.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$250

Investment Themes

CATEGORY

High Yield Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style High Yield Bond

Distributions

  • YTD Total Return -5.5%
  • 3 Yr Annualized Total Return 4.1%
  • 5 Yr Annualized Total Return 2.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.80%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Pioneer High Yield Fund
  • Fund Family Name Pioneer Investments
  • Inception Date Feb 12, 1998
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Andrew Feltus

Fund Description

Normally, the fund invests at least 80% of its total assets in below investment grade (high yield) debt securities and preferred stocks. Debt securities rated below investment grade are commonly referred to as "junk bonds" and are considered speculative. The fund may invest in high yield securities of any rating, including securities where the issuer is in default or bankruptcy at the time of purchase.

TAHYX - Performance

Return Ranking - Trailing

Period TAHYX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -5.5% -100.0% 10775.8% 38.10% 3
1 Yr -0.5% -100.0% 20.4% 58.49% 3
3 Yr 5.7% * -100.0% 14.0% 27.95% 2
5 Yr 3.0% * -100.0% 9.3% 63.79% 4
10 Yr 10.7% * -13.4% 13.4% 19.78% 1

* Annualized


Return Ranking - Calendar

Period TAHYX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 2.6% -72.4% 28.5% 13.35% 1
2016 8.4% -23.4% 332.1% 15.38% 2
2015 -10.1% -34.3% 1.0% 52.37% 4
2014 -8.7% -21.7% 31.6% 66.90% 5
2013 3.3% -16.9% 22.2% 10.70% 1

Total Return Ranking - Trailing

Period TAHYX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -5.5% -100.0% 10775.8% 38.01% 3
1 Yr -5.0% -100.0% 20.4% 89.20% 5
3 Yr 4.1% * -100.0% 14.0% 63.33% 4
5 Yr 2.1% * -100.0% 9.3% 84.43% 5
10 Yr 10.2% * -13.4% 13.4% 35.65% 2

* Annualized


Total Return Ranking - Calendar

Period TAHYX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 2.6% -72.4% 28.5% 13.56% 1
2016 8.4% -13.3% 332.1% 30.44% 2
2015 -9.5% -30.4% 9.9% 58.59% 4
2014 -4.5% -18.4% 55.9% 64.26% 5
2013 7.7% -16.9% 39.9% 21.01% 2

NAV & Total Return History

TAHYX - Holdings

Filings data as of: Oct 31, 2018

Concentration Analysis

TAHYX Category Low Category High TAHYX % Rank Quintile
Net Assets 777 M 635 K 23.2 B 13.19% 3
Number of Holdings 396 1 1770 9.66% 2
Net Assets in Top 10 94.2 M -32.2 M 3.27 B 11.96% 2
Weighting of Top 10 11.9% 0.0% 100.0% 17.48% 3

Top 10 Holdings

  1. Bausch Health Companies Inc 5.88% 2.03%
  2. Zero% 31dec21 1.11%
  3. Sprint Corporation 7.25% 2.46%
  4. Ccoh Safari 144A 5.75% 0.87%
  5. KB Home 7% 1.12%
  6. Nationstar Mortgage LLC 6.5% 0.93%
  7. Calumet Specialty Products Partners, L.P. 6.5% 0.79%
  8. Wells Fargo & Co 7 1/2 % Non Cum Perp Conv Pfd Shs -A- Series -L- 0.92%
  9. HCA Inc. 5.38% 0.86%
  10. Scientific Games International, Inc. 10% 0.77%

Asset Allocation

Weighting Category Low Category High TAHYX % Rank Quintile
Bonds
86.21% -16.15% 107.80% 27.91% 5
Convertible Bonds
8.80% 0.00% 23.62% 1.07% 1
Stocks
2.00% -0.05% 97.02% 5.52% 1
Preferred Stocks
1.91% 0.00% 11.87% 3.37% 1
Cash
0.76% -11.47% 116.15% 28.68% 5
Other
0.32% -7.78% 38.60% 14.26% 3

Stock Sector Breakdown

Weighting Category Low Category High TAHYX % Rank Quintile
Healthcare
1.33% 0.00% 17.03% 1.34% 1
Industrials
0.21% 0.00% 14.11% 5.56% 1
Financial Services
0.20% 0.00% 17.73% 5.75% 1
Real Estate
0.18% 0.00% 5.06% 2.87% 1
Technology
0.11% 0.00% 28.37% 4.02% 1
Basic Materials
0.10% 0.00% 4.07% 6.90% 2
Utilities
0.00% 0.00% 3.16% 6.32% 2
Energy
0.00% 0.00% 9.63% 11.88% 3
Communication Services
0.00% 0.00% 4.06% 6.51% 2
Consumer Defense
0.00% 0.00% 6.19% 4.98% 2
Consumer Cyclical
0.00% 0.00% 15.15% 9.58% 3

Stock Geographic Breakdown

Weighting Category Low Category High TAHYX % Rank Quintile
US
2.00% -0.05% 79.34% 5.06% 1
Non US
0.00% -0.03% 48.46% 8.28% 3

Bond Sector Breakdown

Weighting Category Low Category High TAHYX % Rank Quintile
Corporate
92.92% 0.00% 106.78% 15.18% 3
Securitized
1.99% 0.00% 63.53% 6.13% 1
Cash & Equivalents
0.33% -7.60% 100.00% 28.99% 5
Government
0.14% -6.83% 70.71% 12.27% 2
Derivative
0.10% -19.62% 16.15% 3.22% 1
Municipal
0.00% 0.00% 100.00% 3.22% 1

Bond Geographic Breakdown

Weighting Category Low Category High TAHYX % Rank Quintile
US
75.34% -16.15% 99.79% 20.09% 4
Non US
10.87% 0.00% 54.46% 24.85% 4

TAHYX - Expenses

Operational Fees

TAHYX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.15% 0.00% 5.43% 18.13% 3
Management Fee 0.67% 0.00% 1.00% 2.61% 5
12b-1 Fee 0.25% 0.00% 1.00% 3.54% 2
Administrative Fee N/A 0.00% 0.45% N/A N/A

Sales Fees

TAHYX Fees (% of AUM) Category Low Category High TAHYX Rank Quintile
Front Load 4.50% 2.00% 5.75% 3.94% 4
Deferred Load N/A 0.75% 5.50% N/A N/A

Trading Fees

TAHYX Fees (% of AUM) Category Low Category High TAHYX Rank Quintile
Max Redemption Fee N/A 1.00% 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.

TAHYX Fees (% of AUM) Category Low Category High TAHYX Rank Quintile
Turnover 39.00% 6.98% 1517.00% 14.59% 1

TAHYX - Distributions

Dividend Yield Analysis

TAHYX Category Low Category High TAHYX % Rank Quintile
Dividend Yield 0.4% 0.00% 3.33% 24.61% 3

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

TAHYX Category Low Category High TAHYX % Rank Quintile
Net Income Ratio 4.80% -2.30% 8.71% 23.20% 3

Capital Gain Distribution Analysis

TAHYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

TAHYX - Managers

Andrew Feltus

Manager

Start Date

Apr 02, 2007

Tenure

11.67

Tenure Rank

4.2%

Feltus is a vice president with Pioneer Investments. He joined Pioneer in 1994 and has been an investment professional since then.


Matthew Shulkin

Manager

Start Date

Oct 01, 2017

Tenure

1.16

Tenure Rank

17.5%

Mr.Shulkin is supported by the fixed income team. Members of this team manage other Pioneer funds investing primarily in fixed income securities. The portfolio manager and the team also may draw upon the research and investment management expertise of the global research teams, which provide fundamental and quantitative research on companies and include members from one or more of Pioneer's affiliates. Mr. Shulkin, a Vice President, joined Pioneer in 2013 as a member of the U.S. fixed income team and has twenty years of investment experience. Prior to joining Pioneer, Mr. Shulkin spent five years at MAST Capital Management as an analyst focusing on the paper and forest products, packaging and homebuilding sectors. Previously, Mr. Shulkin was a credit analyst at Tisbury Capital and a member of the high yield team at Putnam Investments.


Tenure Analysis

Category Low

0.0

Category High

58.5

Category Average

7.02

Category Mode

0.5