Morningstar

Pioneer Multi-Asset Ultrashort Income Y MYFRX

Morningstar Medalist Rating
Medalist Rating as of | See Amundi Investment Hub
  • NAV / 1-Day Return 9.69  /  −0.09 %
  • Total Assets 6.2 Bil
  • Adj. Expense Ratio
    0.460%
  • Expense Ratio 0.460%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 5.0 Mil
  • Status Open
  • TTM Yield 6.31%
  • Effective Duration 0.45 years

USD | NAV as of Sep 26, 2024 | 1-Day Return as of Sep 26, 2024, 12:43 AM GMT+0

Morningstar’s Analysis MYFRX

Will MYFRX 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 MYFRX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MYFRX 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 MYFRX’s parent organization’s priorities and whether they’re in line with investors’ interests.

This ultrashort fund's riskier approach can lead to a bumpier ride.

Senior Analyst Paul Olmsted

Paul Olmsted

Senior Analyst

Summary

Pioneer Multi-Asset Ultrashort Income features experienced managers and ample resources to support its bottom-up approach. Albeit still prone to deliver investors a bumpy ride when credit markets become stressed, the fund’s enhanced liquidity controls are enough to merit a Process upgrade to Average from Below Average.

by Paul Olmsted
Rated on Published on

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Portfolio Holdings MYFRX

More MYFRX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 4.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Basket Collareal Us Triparty Repo

1.68 100.0 Mil
Cash and Equivalents

Federal National Mortgage Association 6%

0.97 57.8 Mil
Securitized

Basket Collareal Us Triparty Repo

0.85 50.5 Mil
Cash and Equivalents

Basket Collareal Us Triparty Repo

0.79 46.9 Mil
Cash and Equivalents

Prudential Funding Corp 5.32551%

0.75 45.0 Mil
Cash and Equivalents

Basket Collareal Us Triparty Repo

0.54 32.5 Mil
Cash and Equivalents

Basket Collareal Us Triparty Repo

0.54 32.5 Mil
Cash and Equivalents

Enbridge U S Inc 5.46996%

0.48 28.5 Mil
Cash and Equivalents

AMPHENOL CORP NEW 5.35079%

0.47 28.2 Mil
Cash and Equivalents

Centerpoint Energy Inc 5.38083%

0.47 28.2 Mil
Cash and Equivalents

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