An Active, Risk-Managed Approach to Core Fixed Income

Overall Y Share Morningstar RatingTM (out of 528 funds in the Intermediate Core-Plus Bond Category)

Morningstar Proprietary Risk-Adjusted Ratings Performance as of 11/30/2024
For more information about Morningstar Star Ratings^TM including methodology, visit our  Strength Across the Board  page. 

An Active, Risk-Managed Approach to Core Fixed Income

Pioneer Bond Fund seeks current income and strives to deliver competitive returns compared to a traditional higher-quality, US core fixed income portfolio, while limiting additional volatility. 

Diversified Sources of Risk / Return We seek to diversify1 across a broad range of fixed income asset classes and exposure to non-core sectors with lower correlations. We believe this can contribute to higher returns, lower volatility and reduced downside risk versus its peers over time.	Integrated (Non-Siloed) Portfolio Management In addition to assessing risk at the overall portfolio level, as credit managers we also seek to manage risk at the sector, industry and issuer/security levels. These decisions are aligned with the Fund's objectives and risk tolerances.	Transparency of Portfolio The Fund strives to adds value by investing primarily in cash bonds.  The focus on cash bond markets and low historical derivative usage may appeal to investors who seek greater transparency in their investments.

Distinguishing Features

Seeking Outperformance through Dynamic Allocation

Seeking to benefit from its value-driven, diversified approach, Pioneer Bond Fund strives to deliver outperformance of its benchmark and peers over time. The Fund’s flexible approach to asset allocation can help pursue strong performance in different economic, interest rate and credit environments.

Explore our active sector allocations among various fixed income asset classes.

Performance for periods prior to the inception of Class Y Shares on 9/20/01 reflects the NAV performance of the Fund's Class A Shares. The performance does not reflect differences in expenses, including the 12b-1 fees applicable to Class A Shares. Since fees for Class A Shares are generally higher than those of Class Y, the performance shown for the Class Y Shares prior to their inception would have been higher. Class Y shares are not subject to sales charges and are available for limited groups of investors, including institutional investors.

NAV results represent the percent change in net asset value per share. Returns would have been lower had sales charges been reflected. Periods less than one year are actual, not annualized.

Performance results reflect any applicable expense waivers in effect during the periods shown. Without such waivers, fund performance would be lower. Waivers may not be in effect for all funds. Certain fee waivers are contractual through a specified period. Otherwise, fee waivers can be rescinded at any time. See the prospectus and financial statements for more information.

Fund Facts

Approach

Pioneer Bond Fund seeks to outperform its index, while delivering benchmark-like volatility and managing downside risk², through dynamic investment across a diversified range of US fixed income investment grade and non-investment grade sectors. This strategy can serve as an investor’s core fixed income allocation, while offering the potential for higher returns with its increased opportunity set. The Fund strives to achieve volatility similar to that of a core bond portfolio, due to the diversification benefits of lower-correlated asset classes. Pioneer Bond Fund pursues an active, value-driven investment approach, seeking to add value primarily through asset allocation and security selection.

*The Fund’s performance benchmark is shown. Information on any additional benchmark for regulatory purposes can be found in the prospectus.

¹ Diversification does not ensure a profit or protect against loss.

² Downside risk is the risk of the actual return being below the expected return.

A Word About Risk: Pioneer Bond Fund

The market prices of securities may go up or down, sometimes rapidly or unpredictably, due to general market conditions, such as real or perceived adverse economic, political, or regulatory conditions, recessions, inflation, changes in interest or currency rates, lack of liquidity in the bond markets, the spread of infectious illness or other public health issues or adverse investor sentiment. The market price of securities may fluctuate when interest rates change. When interest rates rise, the prices of fixed income securities in the Fund will generally fall. Conversely, when interest rates fall, the prices of fixed income securities in the Fund will generally rise. Investments in the Fund are subject to possible loss due to the financial failure of issuers of underlying securities and their inability to meet their debt obligations. 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. Investments in high-yield or lower rated securities are subject to greater-than-average price volatility, illiquidity and possibility of default. The securities issued by US Government-sponsored entities (e.g., FNMA, Freddie Mac) are neither guaranteed nor issued by the US Government. The portfolio 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.

Before investing, consider the product's investment objectives, risks, charges and expenses. Contact your financial professional or Amundi US for a prospectus or summary prospectus containing this information. Read it carefully. To obtain a free prospectus or summary prospectus and for information on any Pioneer fund, please download it from our  literature section.

Securities offered through Amundi Distributor US, Inc.
60 State Street, Boston, MA 02109
Underwriter of Pioneer mutual funds, Member   SIPC.   

Not FDIC insured | May lose value | No bank guarantee Amundi Asset Management US, Inc.  Form CRS         Amundi Distributor US, Inc.  Form CRS 

EXP-2025-10-28-ADID-3978987-1Y-T