TAHYX: Pioneer High Yield A

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TAHYX Pioneer High Yield A


Profile

TAHYX - Profile

Vitals

  • YTD Return -6.5%
  • 3 Yr Annualized Return -2.2%
  • 5 Yr Annualized Return -0.6%
  • Net Assets $628 M
  • Holdings in Top 10 12.3%

52 WEEK LOW AND HIGH

$9.11
$7.44
$9.80

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.19%

SALES FEES

  • Front Load 4.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 59.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Distributions

  • YTD Total Return -6.5%
  • 3 Yr Annualized Total Return -2.2%
  • 5 Yr Annualized Total Return -0.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.97%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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.


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Categories

Performance

TAHYX - Performance

Return Ranking - Trailing

Period TAHYX Return Category Return Low Category Return High Rank in Category (%)
YTD -6.5% -52.7% 288.0% 93.15%
1 Yr -5.2% -51.8% 292.6% 83.80%
3 Yr -2.2%* -23.5% 57.3% 68.73%
5 Yr -0.6%* -4.1% 32.2% 60.97%
10 Yr -0.4%* -2.5% 1.3% 35.48%

* Annualized

Return Ranking - Calendar

Period TAHYX Return Category Return Low Category Return High Rank in Category (%)
2019 8.5% -4.2% 23.9% 40.41%
2018 -7.9% -17.1% -0.4% 37.10%
2017 2.6% -5.7% 4.9% 6.74%
2016 8.4% 0.3% 13.4% 24.22%
2015 -10.1% -15.6% 1.0% 72.73%

Total Return Ranking - Trailing

Period TAHYX Return Category Return Low Category Return High Rank in Category (%)
YTD -6.5% -52.7% 288.0% 93.15%
1 Yr -5.2% -51.8% 292.6% 83.80%
3 Yr -2.2%* -23.5% 57.3% 78.98%
5 Yr -0.6%* -4.1% 32.2% 72.26%
10 Yr -0.4%* -2.5% 6.3% 61.29%

* Annualized

Total Return Ranking - Calendar

Period TAHYX Return Category Return Low Category Return High Rank in Category (%)
2019 8.5% -4.2% 23.9% 44.25%
2018 -7.9% -17.1% 0.4% 46.51%
2017 2.6% -5.1% 9.3% 27.57%
2016 8.4% 0.5% 20.7% 45.03%
2015 -10.1% -15.6% 1.0% 77.78%

NAV & Total Return History


Holdings

TAHYX - Holdings

Concentration Analysis

TAHYX Category Low Category High TAHYX % Rank
Net Assets 628 M 251 K 27.2 B 44.44%
Number of Holdings 352 4 1683 47.42%
Net Assets in Top 10 76.2 M -476 M 2.65 B 42.01%
Weighting of Top 10 12.33% 5.5% 100.0% 35.57%

Top 10 Holdings

  1. United States Treasury Bills 0% 2.27%
  2. United States Treasury Bills 0% 1.62%
  3. United States Treasury Notes 0.11% 1.46%
  4. GW B-Credit Security Corporation 9.5% 1.08%
  5. Greif, Inc. 6.5% 1.07%
  6. Iron Mountain Incorporated 4.88% 1.03%
  7. MDC Partners Inc. 6.5% 1.02%
  8. Level 3 Financing, Inc. 4.62% 1.01%
  9. KB Home 6.88% 0.89%
  10. Teva Pharmaceutical Finance Netherlands III B.V. 2.8% 0.88%

Asset Allocation

Weighting Return Low Return High TAHYX % Rank
Bonds
88.33% 82.82% 136.76% 91.40%
Convertible Bonds
6.33% 0.00% 6.33% 0.25%
Cash
4.87% -38.26% 17.18% 19.41%
Preferred Stocks
0.34% 0.00% 4.16% 16.46%
Other
0.09% -1.39% 5.14% 14.50%
Stocks
0.03% -28.46% 9.10% 58.23%

Stock Sector Breakdown

Weighting Return Low Return High TAHYX % Rank
Healthcare
100.00% 0.00% 100.00% 0.43%
Utilities
0.00% 0.00% 99.75% 57.26%
Technology
0.00% 0.00% 44.74% 57.26%
Real Estate
0.00% 0.00% 100.00% 61.11%
Industrials
0.00% 0.00% 100.00% 71.79%
Financial Services
0.00% 0.00% 100.00% 63.25%
Energy
0.00% 0.00% 100.00% 74.36%
Communication Services
0.00% 0.00% 100.00% 73.50%
Consumer Defense
0.00% 0.00% 17.19% 53.42%
Consumer Cyclical
0.00% 0.00% 100.00% 69.23%
Basic Materials
0.00% 0.00% 100.00% 60.26%

Stock Geographic Breakdown

Weighting Return Low Return High TAHYX % Rank
US
0.03% -28.07% 9.10% 54.55%
Non US
0.00% -0.39% 0.32% 57.00%

Bond Sector Breakdown

Weighting Return Low Return High TAHYX % Rank
Corporate
93.13% 0.00% 100.00% 75.68%
Cash & Equivalents
4.93% 0.00% 17.18% 20.15%
Government
1.52% 0.00% 93.17% 6.14%
Securitized
0.43% 0.00% 10.88% 25.55%
Derivative
0.00% 0.00% 24.47% 57.99%
Municipal
0.00% 0.00% 5.04% 53.56%

Bond Geographic Breakdown

Weighting Return Low Return High TAHYX % Rank
US
74.53% 67.67% 118.54% 91.89%
Non US
13.80% 0.00% 29.53% 36.12%

Expenses

TAHYX - Expenses

Operational Fees

TAHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.19% 0.13% 20.17% 40.05%
Management Fee 0.68% 0.00% 1.60% 83.21%
12b-1 Fee 0.25% 0.00% 1.00% 35.29%
Administrative Fee N/A 0.02% 0.30% N/A

Sales Fees

TAHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.50% 2.00% 5.75% 26.67%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

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

TAHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 59.00% 1.88% 493.00% 53.96%

Distributions

TAHYX - Distributions

Dividend Yield Analysis

TAHYX Category Low Category High TAHYX % Rank
Dividend Yield 0.00% 0.00% 2.43% 48.89%

Dividend Distribution Analysis

TAHYX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

TAHYX Category Low Category High TAHYX % Rank
Net Income Ratio 4.97% -0.01% 9.04% 57.11%

Capital Gain Distribution Analysis

TAHYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

TAHYX - Fund Manager Analysis

Managers

Andrew Feltus


Start Date

Tenure

Tenure Rank

Apr 02, 2007

13.42

13.4%

ANDREW D. FELTUS, CFA MANAGING DIRECTOR CO-DIRECTOR OF HIGH YIELD, PORTFOLIO MANAGER Joined Amundi Pioneer: 1994 Investment Experience Since: 1991 Andrew Feltus is a Managing Director, Portfolio Manager, and Co-Director of the Amundi Pioneer High Yield team based in Boston. In addition to his role as a Portfolio Manager on U.S. high yield, global high yield, and multisector portfolios, Andrew co-leads a team of portfolio managers who specialize in identifying and capitalizing on high yield and bank loan opportunities globally. The team also provides insight and recommendations for a number of multisector fixed income strategies managed by the U.S. fixed income team. Andrew has been actively managing fixed income portfolios since 1994. He has extensive experience managing a wide range of debt securities globally, including emerging markets and foreign exchange. His experience includes analyzing and managing derivatives since 1992. Andrew joined Amundi Pioneer as a Fixed Income Analyst and became a Portfolio Manager in 2001. Prior to joining Amundi Pioneer, he worked on the bond desk at Massachusetts Financial Services. He holds a B.A. in quantitative economics and philosophy from Tufts University. He is a CFA® charterholder.

Matthew Shulkin


Start Date

Tenure

Tenure Rank

Oct 01, 2017

2.92

2.9%

MATTHEW B. SHULKIN, CFA VICE PRESIDENT PORTFOLIO MANAGER Joined Amundi Pioneer: 2013 Investment Experience: Since 1996 Matt Shulkin is a Vice President and a member of the Amundi Pioneer High Yield portfolio management team in Boston. He focuses on US High Yield investments as a co-manager of several Amundi Pioneer US High Yield portfolios. In addition to his primary role as portfolio manager for these strategies, he helps in selecting US high yield investments for both Global High Yield and Multi-Sector strategies. Prior to joining Amundi Pioneer, Matt spent five years as a high yield analyst covering a wide variety of sectors at MAST Capital Management, a credit hedge fund in Boston. Before MAST, Matt was the sole member of the U.S. credit operation for Tisbury Capital, a London-based hedge fund. At Tisbury, in coordination with the credit team in London, he invested in distressed and high-yield corporate bonds, bank loans and asset-backed securities. Prior to Tisbury, Matt was a Vice President as part of Putnam Investments’ high yield analyst team. In addition to his high yield sector coverage at Putnam, Matt was named the group’s primary distressed analyst in January 2006. Prior to Putnam, Matt worked as a high yield analyst at Morgan Stanley Dean Witter, as part of a five-person team managing a fund. Matt started his career as a junior research analyst on the high yield sales and trading desk at CIBC World Markets in New York City, where he worked from 1996 through 1999. Matt earned his B.A. from Cornell University in 1996, and his M.B.A. from The Wharton School in 2003. He is a CFA® charterholder.

Kenneth Monaghan


Start Date

Tenure

Tenure Rank

Oct 01, 2019

0.92

0.9%

Kenneth J. Monaghan is Managing Director, Co-Director of High Yield, and Portfolio Manager at Amundi Pioneer. Based in Durham, he is a Portfolio Manager on US high yield and global high yield strategies. Ken is also Co-Director of a team of portfolio managers who specialize in identifying and capitalizing on high yield and bank loan opportunities globally. The team also provides insight and recommendations for a number of multi-sector fixed income strategies managed by the US fixed income team. Prior to joining Amundi Pioneer in 2014, Ken was at Rogge Global Partners where he was Partner and Portfolio Manager responsible for US high yield and was an integral part of Rogge’s global high yield strategy; he also ran Rogge’s New York office. He joined Rogge in 2008 from ING Investment Management where he was Managing Director and Portfolio Manager responsible for US high yield. Ken brought ING’s institutional US high yield strategy to Rogge. He co-founded the strategy in 1996 at a predecessor organization to ING and was co-portfolio manager of the strategy from its inception and the sole senior portfolio manager of the strategy from 2007 through June 2014 when he left Rogge. Prior to becoming a portfolio manager, Ken spent 13 years at Salomon Brothers starting as a high yield analyst eventually heading Salomon’s high yield research effort in New York. He subsequently spent five years in London as head of Salomon’s London credit research team and upon his return to New York in 1991 launched Salomon’s nascent distressed credit effort. He spent his final years at Salomon as a Director of Institutional Sales. He began his career as a credit analyst at Lord, Abbett & Co. Ken is a graduate of Colgate University and holds both a Master of Business Administration (MBA) degree in Finance and a Master of Public Administration (MPA) degree from New York University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 36.05 6.99 1.67