BOSTON--(BUSINESS WIRE)--Pioneer Investments announced today that two of its mutual funds, Pioneer Equity Income Fund and Pioneer Dynamic Credit Fund, were named to the Q2 2017 Schwab Mutual Fund OneSource Select List®. Pioneer Equity Income Fund was also added to the Schwab Income Mutual Fund Select List® for Q2 2017.
The OneSource Select List® represents Schwab’s mutual fund research, consisting of approximately 170 mutual funds in over 70 categories, and targets individual retail investors. Mutual funds on the Select List are rigorously screened by Schwab experts based on factors such as risk, performance and expenses.
“It’s an honor to have two of our funds recognized for their records of performance and risk management qualities by the Charles Schwab Mutual Fund OneSource Select List,” said Ken Taubes, Chief Investment Officer, U.S. at Pioneer Investments. “This recognition highlights our investment team’s expertise and experience in pursuing competitive, risk-adjusted returns through active investing in both equity and fixed income investment strategies.”
About Pioneer Equity Income Fund
Pioneer Equity Income Fund is one of the five OneSource Select List mutual funds within the Morningstar Large Value category. The Fund seeks current income and capital appreciation over time from a portfolio consisting primarily of income producing equity securities of U.S. corporations. The Fund has generated competitive returns while managing downside risk during difficult and volatile market environments. The portfolio management team uses a fundamental, bottom-up approach to stock selection that focuses on three core tenets: quality, flexibility and diversification.
In addition to being named to the Q2 2017 Mutual Fund OneSource Select List, Pioneer Equity Income Fund was also recognized on the Schwab Income Mutual Fund Select List, a specialized list designed to help investors build income-oriented portfolios by highlighting fixed income and equity funds by seeking to generate regular income through interest or dividends*. Pioneer Equity Income Fund is one of twelve equity-based Income Select List mutual funds named to the Q2 2017 list. *Dividends are not guaranteed.
About Pioneer Dynamic Credit Fund
Pioneer Dynamic Credit Fund’s investment objective is a high level of current income with capital appreciation as a secondary objective. The Fund seeks to deliver the return of a high yield portfolio but with significantly less drawdown during periods of financial market stress. The Fund employs a flexible, focused and disciplined approach to global credit, in which the management team seeks to capitalize on opportunities arising from market dislocations and volatility across global fixed income asset classes. The Fund is one of two Mutual Fund OneSource Select List mutual funds within the Non-Traditional Bond category for Q2 2017.
About Pioneer Investments
Founded in 1928, Pioneer Investments is a leading global asset manager with a history of providing innovative investment products to investors worldwide. The firm offers a diverse range of products and services across traditional and non-traditional asset classes for a wide range of clients, including institutional investors, wealth management firms, financial advisors and private investors.
Pioneer Investments is the trade name for Pioneer Global Asset Management S.p.A. (PGAM) and its subsidiaries, a global investment firm with offices in 28 countries and approximately $244.4 billion in assets under management as of March 31, 2017, of which over $71.5 billion is managed in the U.S. Pioneer Investment Management USA Inc. is the North American operating subsidiary of PGAM, a wholly-owned subsidiary of UniCredit S.p.A.
A WORD ABOUT RISK
Pioneer Equity Income Fund
Investing in foreign and/or emerging markets securities involves risks relating to interest rates, currency exchange rates, economic and political conditions. The portfolio invests in REIT securities, the value of which can fall for a variety of reasons, such as declines in rental income, fluctuating interest rates, poor property management, environmental liabilities, uninsured damage, increased competition, or changes in real estate tax laws. At times, the Fund’s investments may represent industries or industry sectors that are interrelated or have common risks, making it more susceptible to any economic, political, or regulatory developments or other risks affecting those industries and sectors. These risks may increase share price volatility.
Pioneer Dynamic Credit Fund
All investments are subject to risk, including the possible loss of principal. The Fund has the ability to invest in a wide variety of debt securities. The Fund may invest in underlying funds, including ETFs. In addition to the Fund’s operating expenses, you will indirectly bear the operating expenses of investments in any underlying funds. The Fund and some of the underlying funds employ leverage, which increases the volatility of investment returns and subjects the Fund to magnified losses if an underlying fund’s investments decline in value. The Fund and some of the underlying funds may use derivatives, such as options and futures, which can be illiquid, may disproportionately increase losses, and have a potentially large impact on Fund performance. The Fund may invest in inflation-linked securities. As inflationary expectations increase, inflation-linked securities may become more attractive, because they protect future interest payments against inflation. Conversely, as inflationary concerns decrease, inflation-linked securities will become less attractive and less valuable. The Fund may invest in credit default swaps, which may in some cases be illiquid, and they increase credit risk since the fund has exposure to both the issuer of the referenced obligation and the counterparty to the credit default swap. The Fund may invest in floating rate loans. The value of collateral, if any, securing a floating rate loan can decline or may be insufficient to meet the issuer’s obligations or may be difficult to liquidate. The Fund may invest in event- linked bonds. The return of principal and the payment of interest on event-linked bonds are contingent on the non-occurrence of a pre-defined “trigger” event, such as a hurricane or an earthquake of a specific magnitude. The Fund may invest in zero coupon bonds and payment in kind securities, which may be more speculative and fluctuate more in value than other fixed income securities. The accrual of income from these securities are payable as taxable annual dividends to shareholders. Investments in equity securities are subject to price fluctuation. Investments in fixed income securities involve interest rate, credit, inflation, and reinvestment risks. As interest rates rise, the value of fixed income securities falls. The Fund may invest in mortgage-backed securities, which during times of fluctuating interest rates may increase or decrease more than other fixed-income securities. Mortgage-backed securities are also subject to pre-payments. Prepayment risk is the chance that an issuer may exercise its right to prepay its security, if falling interest rates prompt the issuer to do so. Forced to reinvest the unanticipated proceeds at lower interest rates, the Fund would experience a decline in income and lose the opportunity for additional price appreciation. High yield bonds possess greater price volatility, illiquidity, and possibility of default. There is no assurance that these and other strategies used by the Fund or underlying funds will be successful. The Fund is not intended to outperform stocks and bonds during strong market rallies. These risks may increase share price volatility.
Please see the prospectus for a more complete discussion of each Fund’s risks.
Before investing, consider the product's investment objectives, risks, charges and expenses. Contact your advisor or Pioneer Investments for a prospectus or summary prospectus containing this information. Read it carefully. To obtain a free prospectus and for information on any Pioneer fund, please download from our web site.
Mutual Fund OneSource® is a registered mark of Charles Schwab & Co., Inc. and used with permission. Any information provided by Pioneer Equity Income Fund and Pioneer Dynamic Credit Fund should not be considered either a recommendation by Schwab or a solicitation of any offer to purchase or sell any securities, and Schwab makes no representation regarding Pioneer Equity Income Fund and Pioneer Dynamic Credit Fund content.
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NOT FDIC INSURED · NOT BANK GUARANTEED · MAY LOSE VALUE
Member FINRA/ SIPC
Securities offered through Pioneer Funds Distributor, Inc., 60 State Street, Boston, MA. 02109. Underwriter of Pioneer mutual funds, Member SIPC. © 2017 Pioneer Investments
©2017 Pioneer Investment Management USA Inc.
Member of the UniCredit Group, Register of Banking Groups