Staying informed about your investments is crucial, especially when it comes to bond funds. Pioneer Investments, now part of Amundi US, provides a range of investment solutions, including bond funds. It’s important for investors to be aware of any changes or updates related to their Pioneer funds to make informed decisions. This article summarizes key advisories and updates concerning Pioneer funds, with a focus on information relevant to bond fund investors.
Recent Updates to Pioneer Funds
Several important updates have been announced recently regarding Pioneer funds. These updates cover fund name changes, fund liquidations, and important clarifications on fund performance and investment characteristics. Being aware of these changes is essential for investors holding or considering investing in Pioneer funds.
One significant change is the renaming of the Pioneer Corporate High Yield Fund to the Pioneer Active Credit Fund, effective December 2, 2024. This name change reflects adjustments to the fund’s investment objective, principal investment strategies, and portfolio management team. Investors in high yield or credit-focused bond funds should take note of this change and review the updated fund documentation to understand the revised investment approach.
Another important update concerns the Pioneer Emerging Markets Equity Fund, which was liquidated on March 28, 2024. Investors holding this fund should have already been notified and received information regarding the liquidation process. For further details, shareholders can access the most recent report.
Understanding Pioneer Money Market Funds and Risk
It’s also important to understand the specific characteristics and potential risks associated with different types of funds. For example, the Pioneer US Government Money Market Fund carries specific disclaimers that are crucial for investors to understand. While money market funds aim to maintain a stable $1.00 per share value, it’s not guaranteed. Investors in this fund could lose money, and the fund may impose fees or temporarily suspend share sales under certain market conditions. Furthermore, investments in this fund are not FDIC insured or guaranteed by any government agency, and there is no legal obligation for the fund’s sponsor to provide financial support. This highlights the importance of carefully reviewing the specific risks associated with even seemingly conservative investment options like money market funds.
General Performance and Legal Disclaimers
When reviewing fund information, it’s essential to remember that past performance is not indicative of future results. Share prices, yields, and returns can fluctuate, and investors may experience gains or losses when selling shares. Average annual total returns assume the reinvestment of all distributions at net asset value. Fund performance results often reflect expense waivers, and without these waivers, performance would be lower. These waivers may not always be in effect.
Several share class conversions have also occurred for Pioneer funds. All outstanding Class B shares were converted to Class A shares in 2014, and Class C shares will automatically convert to Class A shares after 8 years, starting from December 1, 2020. Performance data for different share classes (like Class K, R, and Y) may be based on the performance of Class A shares for periods before their inception, and may not fully reflect expense differences. NAV returns do not account for sales charges, which would further reduce returns.
Important Legal Information: The information provided here is for informational purposes only and does not constitute an offer to sell or a solicitation to buy any security in any jurisdiction where such actions would be unlawful.
For detailed fund descriptions, performance data, standardized returns, risk disclosures, and prospectuses, please visit the official Pioneer Funds (Amundi US) website. For additional information or to request materials, you can call 1-800-225-6292 or visit the Order Literature page. Further important details about these funds are also available via this link.
Before making any investment decisions, carefully consider the fund’s investment objectives, risks, charges, and expenses. Obtain and carefully read a prospectus or summary prospectus from your financial professional or Amundi US. You can download these documents from the literature section of the Amundi US website.
Securities are offered through Amundi Distributor US, Inc., member SIPC. Pioneer mutual funds are underwritten by Amundi Distributor US, Inc.
Not FDIC insured | May lose value | No bank guarantee
Amundi Asset Management US, Inc. Form CRS
Amundi Distributor US, Inc. Form CRS
