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Morningstar

Pioneer CAT Bond Y CBYYX

Morningstar Medalist Rating
Medalist Rating as of | See Amundi Investment Hub
  • NAV / 1-Day Return 10.76  /  −0.28 %
  • Total Assets 337.6 Mil
  • Adj. Expense Ratio
    1.510%
  • Expense Ratio 1.510%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Nontraditional Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 5.0 Mil
  • Status Open
  • TTM Yield 9.00%
  • Effective Duration —

USD | NAV as of Jul 04, 2024 | 1-Day Return as of Jul 04, 2024, 12:25 AM GMT+0

Morningstar’s Analysis CBYYX

Will CBYYX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable CBYYX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the CBYYX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of CBYYX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Weakness in Pioneer CAT Bond Y's People and Process Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings CBYYX

More CBYYX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 24.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Mystic Re IV Limited 12%

3.64 11.1 Mil
Corporate

Palm RE Ltd. 14.83099%

3.19 9.7 Mil
Corporate

Kendall Re Ltd 13.12614%

3.13 9.5 Mil
Corporate

Lightning Re Ltd. Series 2023-1 5.4%

2.90 8.9 Mil
Corporate

Floodsmart Re Ltd 14%

2.51 7.7 Mil
Corporate

Matterhorn Re Ltd

2.35 7.2 Mil
Corporate

Purple RE Ltd. 2%

2.16 6.6 Mil
Corporate

Integrity Re Ltd 5.4%

1.89 5.8 Mil
Corporate

Ashera RE Ltd. 0.5%

1.82 5.5 Mil
Corporate

Merna Reinsurance II Ltd. 7.25%

1.81 5.5 Mil
Corporate