- What does PICYX invest in?
- This fund typically dedicates at least 80% of its overall investment capital (which includes its net assets and any funds borrowed for investment) to a mix of fixed-income instruments. These primarily include debt obligations backed by the U.S. government, its agencies, and related entities, as well as high-quality, investment-grade bonds (such as convertible debt) issued by corporations or other organizations. A portion is also held in highly liquid assets like cash, cash equivalents, and other short-term investments. Additionally, the fund has the flexibility to allocate a considerable portion of its holdings to various mortgage-related securities. This category can cover commercial mortgage-backed securities, collateralized mortgage obligations, and even those linked to "sub-prime" mortgages, along with other asset-backed securities.
- What is the expense ratio of PICYX?
- Pioneer Bond Fund Class Y (PICYX) charges an expense ratio of 0.47%. This is the annual fee deducted from fund assets to cover management and operations.
- What is PICYX's dividend yield?
- PICYX's trailing-twelve-month yield is 4.45%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of PICYX?
- Effective duration measures PICYX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PICYX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of PICYX?
- PICYX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of PICYX?
- Yield to maturity (YTM) is the total return you'd earn from PICYX if every bond in the portfolio is held to maturity at the current price. PICYX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
