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Trending ETFs

Name

As of 12/07/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$7.23

$135 M

0.00%

1.25%

Vitals

YTD Return

7.6%

1 yr return

6.5%

3 Yr Avg Return

-0.3%

5 Yr Avg Return

2.3%

Net Assets

$135 M

Holdings in Top 10

12.8%

52 WEEK LOW AND HIGH

$7.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.25%

SALES FEES

Front Load 4.50%

Deferred Load N/A

TRADING FEES

Turnover 118.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

$250


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 12/07/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$7.23

$135 M

0.00%

1.25%

PGHYX - Profile

Distributions

  • YTD Total Return 7.6%
  • 3 Yr Annualized Total Return -0.3%
  • 5 Yr Annualized Total Return 2.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.77%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Pioneer Global High Yield Fund
  • Fund Family Name
    The Pioneer Funds
  • Inception Date
    Aug 27, 2001
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • 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 of U.S. and non-U.S. issuers, including governmental and corporate issuers in emerging markets. Derivative instruments that provide exposure to such high yield debt securities and preferred stocks or have similar economic characteristics may be used to satisfy the fund’s 80% policy. 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 at the time of purchase.The fund's portfolio consists of securities of corporate or government issuers located in at least three countries, one of which may be the United States. The fund may purchase and sell forward currency exchange contracts in non-U.S. currencies. The fund’s currency and currency-related investments may be used to adjust overall currency exposures, including as a means of seeking incremental return, which may be considered a speculative technique.The fund may invest in securities of any maturity. The maturity of a fixed income security is a measure of the time remaining until final payment on the security is due. The fund's investments may have fixed or variable principal payments and all types of interest rate and dividend payment and reset terms, including fixed rate, adjustable rate, floating rate, zero coupon, contingent, deferred, payment in kind and auction rate features.The fund may invest in investment grade and below investment grade convertible bonds and preferred stocks that are convertible into the equity securities of the issuer.The fund may invest up to 20% of its net assets in inverse floating rate obligations (a type of derivative instrument).The fund may invest up to 10% of its total assets in equity securities, including common stocks, securities of other investment companies (including mutual funds,exchange-traded funds and closed-end funds) that invest primarily in equity securities, depositary receipts, warrants, rights and equity interests in real estate investment trusts (REITs).The fund may invest a portion of its assets in mortgage-related securities, including commercial mortgage-backed securities, collateralized mortgage obligations, credit risk transfer securities and “sub-prime” mortgages, and asset-backed securities. The fund's investments in mortgage-related securities may include instruments, the underlying assets of which allow for balloon payments (where a substantial portion of a mortgage loan balance is paid at maturity, which can shorten the average life of the mortgage-backed instrument) or negative amortization payments (where as a result of a payment cap, payments on a mortgage loan are less than the amount of principal and interest owed, with excess amounts added to the outstanding principal balance, which can extend the average life of the mortgage-backed instrument).The fund also may invest a portion of its assets in floating rate loans, subordinated debt securities, municipal securities and insurance-linked securities.The fund may, but is not required to, use derivatives. The fund may use derivatives, such as credit default swaps, credit default swap index products (“CDX”) (swaps based on a portfolio of credit default swaps with similar characteristics, such as credit default swaps on high-yield bonds), forward foreign currency exchange contracts and bond and interest rate futures, for a variety of purposes, including: in an attempt to hedge against adverse changes in the market price of securities, interest rates or currency exchange rates; as a substitute for purchasing or selling securities; to attempt to increase the fund’s return as a non-hedging strategy that may be considered speculative; to manage portfolio characteristics; and as a cash flow management technique. The fund may choose not to make use of derivatives for a variety of reasons, and any use may be limited by applicable law and regulations. The fund also may hold cash or other short-term investments.The fund's investment adviser uses a value approach to select investments to buy and sell. The adviser seeks to identify securities that are selling at reasonable prices or substantial discounts to their underlying values and then holds these securities for their incremental yields or until the market values reflect their intrinsic values. The adviser evaluates a security's potential value, including the attractiveness of its market valuation, based on the company's assets and prospects for earnings growth or the government's fiscal policies and outlook for economic growth, inflation, unemployment and other macroeconomic indicators. In making that assessment, the adviser employs fundamental research and an evaluation of the issuer based on its financial statements and operations, in the case of a corporate issuer, and the factors referred to above in the case of a governmental issuer. The adviser also considers a security's potential to provide income.The adviser integrates environmental, social and corporate governance (ESG) considerations into its investment research process by evaluating the business models and practices of issuers and their ESG-related risks. The ’s adviser believes ESG analysis is a meaningful facet of fundamental research, the process of evaluating an issuer based on its financial position, business operations, competitive standing and management. This process considers ESG information, where available, in assessing an investment’s performance potential. The ’s adviser generally considers ESG information in the context of an issuer’s respective sector or industry. The ’s adviser may consider ESG ratings provided by third parties or internal sources, as well as issuer disclosures and public information, in evaluating issuers. ESG considerations are not a primary focus of the fund, and the weight given by the ’s adviser to ESG considerations in making investment decisions will vary and, for any specific decision, they may be given little or no weight. Notwithstanding the foregoing, the ’s adviser generally will not invest fund assets in (i)companies that the ’s adviser determines have significant involvement in the manufacturing of complete tobacco products, (ii) companies engaged in the production, sale, storage of, or providing services for, certain controversial weapons, including chemical, biological and depleted uranium weapons and certain antipersonnel mines and cluster bombs, or (iii) companies with involvement in the production or sale of nuclear weapons.
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PGHYX - Performance

Return Ranking - Trailing

Period PGHYX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.6% -7.0% 14.6% 84.15%
1 Yr 6.5% -10.2% 74.0% 76.74%
3 Yr -0.3%* -15.3% 19.7% 84.27%
5 Yr 2.3%* -10.6% 37.7% 87.79%
10 Yr 2.1%* -4.4% 19.5% 85.78%

* Annualized

Return Ranking - Calendar

Period PGHYX Return Category Return Low Category Return High Rank in Category (%)
2023 -17.6% -33.4% 3.6% 83.11%
2022 0.8% -8.4% 8.2% 25.97%
2021 -3.1% -13.2% 302.7% 92.32%
2020 7.5% -4.4% 13.3% 58.42%
2019 -10.1% -18.4% -0.4% 88.79%

Total Return Ranking - Trailing

Period PGHYX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.6% -7.0% 14.6% 84.15%
1 Yr 6.5% -10.2% 74.0% 76.74%
3 Yr -0.3%* -15.3% 19.7% 84.27%
5 Yr 2.3%* -10.6% 37.7% 87.79%
10 Yr 2.1%* -4.4% 19.5% 85.78%

* Annualized

Total Return Ranking - Calendar

Period PGHYX Return Category Return Low Category Return High Rank in Category (%)
2023 -12.9% -33.4% 47.8% 87.00%
2022 5.8% -8.4% 12.4% 33.75%
2021 3.1% -9.6% 325.6% 82.56%
2020 13.4% 0.9% 19.4% 56.27%
2019 -5.3% -10.7% 4.5% 88.27%

NAV & Total Return History


PGHYX - Holdings

Concentration Analysis

PGHYX Category Low Category High PGHYX % Rank
Net Assets 135 M 1.85 M 22.6 B 74.56%
Number of Holdings 251 2 2736 65.20%
Net Assets in Top 10 17.7 M -492 M 4.6 B 79.44%
Weighting of Top 10 12.83% 4.2% 149.0% 55.65%

Top 10 Holdings

  1. Dreyfus Government Cash Management 3.10%
  2. ABRA Global Finance 1.50%
  3. ASG Finance Designated Activity Co 1.24%
  4. Emeria SASU 1.15%
  5. YPF SA 1.02%
  6. Grupo Posadas SAB de CV 0.99%
  7. Tullow Oil PLC 0.98%
  8. Global Aircraft Leasing Co Ltd 0.97%
  9. Frigorifico Concepcion SA 0.96%
  10. Energean PLC 0.91%

Asset Allocation

Weighting Return Low Return High PGHYX % Rank
Bonds
91.51% 0.00% 154.38% 78.36%
Cash
8.46% -52.00% 78.36% 13.95%
Convertible Bonds
3.10% 0.00% 17.89% 11.16%
Stocks
0.78% 0.00% 99.61% 40.06%
Preferred Stocks
0.00% 0.00% 7.89% 87.67%
Other
-0.75% -63.70% 98.03% 96.62%

Stock Sector Breakdown

Weighting Return Low Return High PGHYX % Rank
Industrials
95.28% 0.00% 100.00% 1.85%
Basic Materials
4.27% 0.00% 100.00% 21.69%
Consumer Cyclical
0.42% 0.00% 100.00% 37.30%
Energy
0.02% 0.00% 100.00% 72.75%
Utilities
0.00% 0.00% 100.00% 84.66%
Technology
0.00% 0.00% 33.17% 87.57%
Real Estate
0.00% 0.00% 86.71% 82.80%
Healthcare
0.00% 0.00% 22.17% 83.07%
Financial Services
0.00% 0.00% 100.00% 88.36%
Communication Services
0.00% 0.00% 99.99% 92.59%
Consumer Defense
0.00% 0.00% 100.00% 83.07%

Stock Geographic Breakdown

Weighting Return Low Return High PGHYX % Rank
US
0.43% 0.00% 99.61% 46.84%
Non US
0.35% -0.01% 0.83% 2.50%

Bond Sector Breakdown

Weighting Return Low Return High PGHYX % Rank
Corporate
82.69% 0.00% 129.69% 90.15%
Government
3.78% 0.00% 99.07% 8.97%
Cash & Equivalents
3.10% 0.00% 78.19% 46.70%
Securitized
0.32% 0.00% 97.24% 30.00%
Municipal
0.00% 0.00% 4.66% 79.41%
Derivative
-0.75% -12.96% 42.26% 99.12%

Bond Geographic Breakdown

Weighting Return Low Return High PGHYX % Rank
US
75.19% 0.00% 129.21% 89.13%
Non US
16.31% 0.00% 97.19% 8.96%

PGHYX - Expenses

Operational Fees

PGHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.25% 0.04% 31.61% 32.31%
Management Fee 0.70% 0.00% 1.84% 88.42%
12b-1 Fee 0.25% 0.00% 1.00% 50.15%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

PGHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.50% 2.25% 5.75% 28.97%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

PGHYX 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.

PGHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 118.00% 1.00% 255.00% 93.50%

PGHYX - Distributions

Dividend Yield Analysis

PGHYX Category Low Category High PGHYX % Rank
Dividend Yield 0.00% 0.00% 35.00% 81.73%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

PGHYX Category Low Category High PGHYX % Rank
Net Income Ratio 4.77% -2.39% 14.30% 30.94%

Capital Gain Distribution Analysis

PGHYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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PGHYX - Fund Manager Analysis

Managers

Andrew Feltus


Start Date

Tenure

Tenure Rank

Aug 27, 2001

20.77

20.8%

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.

Kenneth Monaghan


Start Date

Tenure

Tenure Rank

Oct 01, 2017

4.67

4.7%

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.

Matthew Shulkin


Start Date

Tenure

Tenure Rank

Oct 01, 2019

2.67

2.7%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.13 8.17