PIOBX: Pioneer Bond A

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PIOBX Pioneer Bond A


Profile

PIOBX - Profile

Vitals

  • YTD Return -6.4%
  • 3 Yr Annualized Return -1.4%
  • 5 Yr Annualized Return -1.3%
  • Net Assets $5.64 B
  • Holdings in Top 10 8.1%

52 WEEK LOW AND HIGH

$9.25
$8.90
$10.20

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.87%

SALES FEES

  • Front Load 4.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 52.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $250

Fund Classification


Distributions

  • YTD Total Return -6.4%
  • 3 Yr Annualized Total Return -1.4%
  • 5 Yr Annualized Total Return -1.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.88%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Pioneer Bond Fund
  • Fund Family Name
    Pioneer Investments
  • Inception Date
    Oct 31, 1978
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Kenneth Taubes

Fund Description

Normally, the fund invests at least 80% of its net assets (plus the amount of borrowings, if any, for investment purposes) in debt securities issued or guaranteed by the U.S. government, its agencies and instrumentalities, investment grade debt securities (including convertible debt) of corporate or other issuers and cash, cash equivalents and other short-term holdings. The fund may invest a substantial portion of its assets in mortgage-related securities, including collateralized mortgage obligations and "sub-prime" mortgages, and asset-backed securities.


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Categories

Performance

PIOBX - Performance

Return Ranking - Trailing

Period PIOBX Return Category Return Low Category Return High Rank in Category (%)
YTD -6.4% -25.7% 196.2% 93.23%
1 Yr -3.3% -24.6% 191.4% 90.90%
3 Yr -1.4%* -7.9% 8.3% 91.76%
5 Yr -1.3%* -6.0% 11.4% 87.77%
10 Yr -0.1%* -5.4% 3.9% 67.45%

* Annualized

Return Ranking - Calendar

Period PIOBX Return Category Return Low Category Return High Rank in Category (%)
2019 5.7% -4.3% 18.3% 24.40%
2018 -3.9% -11.7% 4.6% 80.67%
2017 1.1% -6.0% 8.3% 47.30%
2016 1.2% -7.8% 8.7% 18.83%
2015 -3.0% -18.3% 3.0% 80.66%

Total Return Ranking - Trailing

Period PIOBX Return Category Return Low Category Return High Rank in Category (%)
YTD -6.4% -25.7% 196.2% 93.23%
1 Yr -3.3% -24.6% 191.4% 90.90%
3 Yr -1.4%* -7.9% 10.4% 93.47%
5 Yr -1.3%* -6.0% 11.4% 91.41%
10 Yr -0.1%* -5.4% 6.7% 76.52%

* Annualized

Total Return Ranking - Calendar

Period PIOBX Return Category Return Low Category Return High Rank in Category (%)
2019 5.7% -4.3% 18.3% 25.21%
2018 -3.9% -11.7% 6.5% 84.21%
2017 1.1% -6.0% 10.4% 56.57%
2016 1.2% -7.8% 14.1% 26.26%
2015 -3.0% -12.6% 4.2% 85.95%

NAV & Total Return History


Holdings

PIOBX - Holdings

Concentration Analysis

PIOBX Category Low Category High PIOBX % Rank
Net Assets 5.64 B 640 K 259 B 12.00%
Number of Holdings 1807 1 17723 7.15%
Net Assets in Top 10 517 M -216 M 24.5 B 20.65%
Weighting of Top 10 8.05% 2.4% 100.0% 91.34%

Top 10 Holdings

  1. United States Treasury Bonds 1% 1.45%
  2. United States Treasury Bonds 0% 1.24%
  3. United States Treasury Bonds 0.88% 1.20%
  4. United States Treasury Bonds 1% 1.01%
  5. Wells Fargo & Co 7 1/2 % Non Cum Perp Conv Pfd Shs -A- Series -L- 0.73%
  6. Government National Mortgage Association 4.5% 0.62%
  7. Liberty Mutual Insurance Company 7.7% 0.47%
  8. MILL CITY MORTGAGE LOAN TRUST 3.5% 0.46%
  9. Federal Home Loan Mortgage Corporation 3% 0.45%
  10. Government National Mortgage Association 4.5% 0.40%

Asset Allocation

Weighting Return Low Return High PIOBX % Rank
Bonds
97.03% 80.16% 159.74% 51.19%
Convertible Bonds
1.28% 0.00% 7.24% 15.55%
Cash
0.82% -59.74% 19.74% 67.24%
Preferred Stocks
0.73% 0.00% 7.43% 3.27%
Other
0.13% -4.02% 28.26% 8.73%
Stocks
0.00% -0.38% 24.73% 80.89%

Bond Sector Breakdown

Weighting Return Low Return High PIOBX % Rank
Securitized
58.80% 0.00% 98.30% 4.60%
Corporate
32.94% 0.00% 99.29% 23.53%
Government
6.02% -2.21% 122.41% 48.10%
Cash & Equivalents
2.21% -29.57% 39.95% 52.55%
Municipal
0.04% 0.00% 100.11% 77.91%
Derivative
0.00% -0.83% 31.05% 82.58%

Bond Geographic Breakdown

Weighting Return Low Return High PIOBX % Rank
US
86.55% 61.83% 156.78% 70.76%
Non US
10.48% -26.61% 26.76% 24.64%

Expenses

PIOBX - Expenses

Operational Fees

PIOBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.87% 0.01% 34.57% 40.93%
Management Fee 0.28% 0.00% 1.10% 20.13%
12b-1 Fee 0.25% 0.00% 1.00% 54.02%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

PIOBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.50% 0.50% 5.75% 16.44%
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

PIOBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

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.

PIOBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 52.00% 0.00% 493.00% 56.36%

Distributions

PIOBX - Distributions

Dividend Yield Analysis

PIOBX Category Low Category High PIOBX % Rank
Dividend Yield 0.00% 0.00% 3.70% 83.76%

Dividend Distribution Analysis

PIOBX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

PIOBX Category Low Category High PIOBX % Rank
Net Income Ratio 2.88% -0.20% 6.30% 32.40%

Capital Gain Distribution Analysis

PIOBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

PIOBX - Fund Manager Analysis

Managers

Kenneth Taubes


Start Date

Tenure

Tenure Rank

Dec 02, 1998

21.34

21.3%

Mr. Taubes, Executive Vice President and Chief Investment Officer, U.S. of Pioneer, is responsible for overseeing the U.S. and global fixed income teams. He joined Pioneer as a senior vice president in September 1998 and has been an investment professional since 1982. Mr. Taubes has served as portfolio manager of the fund since 1999. Prior to joining Pioneer, he was a senior portfolio manager at Putnam Investments and the Treasurer of Home Owners Savings Bank. Ken is a member of Bond Analysts Society of Boston.

Bradley Komenda


Start Date

Tenure

Tenure Rank

Feb 01, 2018

2.16

2.2%

Brad Komenda is Senior Vice President, Portfolio Manager, and Deputy Director of Investment Grade Corporates, based in Boston. As Deputy Director of Investment Grade Corporates, he helps lead a team that supports the management of high-grade credit exposure across all fixed income portfolios managed by Amundi Pioneer, including crossover and high-grade CDS exposure. He is a member of teams managing stand-alone long duration and high-grade credit strategies, including portfolios with ESG mandates. Prior to joining Amundi Pioneer in 2008, Brad spent ten years as an Investment Grade and High Yield Analyst at Columbia Management. He began his career with General Electric Capital and Assurance as an investment grade and high yield research associate where he worked for five years. He holds a B.A. in Accounting and Business Administration from Central Washington University (1991). He is a CFA® charterholder.

Timothy Rowe


Start Date

Tenure

Tenure Rank

Jun 08, 2018

1.81

1.8%

Tim Rowe is Managing Director, Deputy Director of Multi-Sector Fixed Income, and Portfolio Manager, based in Durham. Tim is the lead portfolio manager for investment grade core bond portfolios, which he has managed at the firm since 1994, and works with the sector teams to construct portfolios that meet clients’ risk and return objectives. As Deputy Director of Multi-Sector Fixed Income, he oversees a team of investment professionals who are responsible for managing institutional strategies and retail funds for US and international investors. His previous responsibilities at the firm include managing agency mortgage-backed security portfolios and leading the Securitized Credit team. Before joining the firm in 1988, Tim was an Assistant Economist at the Federal Reserve Bank of Richmond, Virginia. He holds a Master of Business Administration with specialization in Finance from the University of Chicago Booth School of Business and a Bachelor of Arts in Economics and History from Duke University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 33.35 7.41 0.25