Navigating the Uncharted Recovery

    

Pioneer Multi-Asset Income Fund

Y-Share: PMFYX | A-Share: PMAIX
C-Share: PMACX | K-Share: PMFKX
R-Share: PMFRX

Pioneer Multi-Asset Income Fund is a potential solution for investors seeking both a high level of income and capital appreciation as a secondary objective. We believe a diversified1, value-based, long-term investment approach combined with dynamic asset allocation, can provide investors with both income and modest capital appreciation over time. 

 

Casting a Wider Net in Search of Income Opportunities

Pioneer Multi-Asset Income Fund seeks to solve the shortfall traditional sources of income have had on investors’ portfolios. We believe the Fund is a potential solution for investors in search of: 

  • Income – Pursues attractive monthly income
  • An Active/Flexible Approach – Actively balances asset allocation across a variety of income-seeking asset classes as risk/reward scenarios change.
  • Capital Appreciation – Seeks opportunities for capital appreciation to enhance purchasing power 
Overall Y Share Morningstar RatingTM

(out of 407 funds in the World Allocation Category)

Morningstar Proprietary Risk-Adjusted Ratings Performance as of 3/31/2022 
For more information about Morningstar Star RatingsTM including methodology, visit our  Strength Across the Board  page.  

   

The significant gap between price and earnings of value stocks over growth stocks offers a potentially advantageous investment opportunity.

Earnings May Favor Exposure to Global Value

January 2022 |  For the past two years, the earnings of value stocks have been outpacing those of growth stocks, a trend we expect to continue as inflation and interest rates rise. In this month’s chart, see how the gap between price and earnings of value stocks offer a potential opportunity for value stock investing. 

Explore the Chart

   

Source: Bloomberg as of 12/31/21. Earnings per share (EPS) serve as an indicator of a company’s profitability. Please see Terms and Indices on next page for more information. Data based on past performance which is no guarantee of future results.

  

Learn More About Pioneer Multi-Asset Income Fund

Video | February 2022

Ten-Year Record Providing An Outcome-Oriented Solution

Watch Howard Weiss, CFA, Senior Vice President and Portfolio Manager, explain how the Fund is positioned to help investors seeking income and enhancement of purchasing power over time while navigating the challenges of today’s markets, including heightened inflation and volatility.

Fund Overview 
10-Year Anniversary Flyer
Opportunity in Flexible, Multi-Asset Investing
Fund Commentary

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

A Word About Risk

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. All investments are subject to risk, including the possible loss of principal. Pioneer Multi-Asset Income (“MAI”) Fund has the ability to invest in a wide variety of securities and asset classes. Equity-linked notes (ELNs) may not perform as expected and could cause the fund to realize significant losses including its entire principal investment. Other risks include the risk of counterparty default, liquidity risk and imperfect correlation between ELNs and the underlying securities. High yield bonds possess greater price volatility, illiquidity, and possibility of default. Investments in fixed income securities involve interest rate, credit, inflation, and reinvestment risks. As interest rates rise, the value of fixed income securities falls. 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. 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. The Fund may invest in subordinated securities which may be disproportionately adversely affected by a default or even a perceived decline in creditworthiness of the issuer. International investments are subject to special risks including currency fluctuations, social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. 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 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 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 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. Investments in equity securities are subject to price fluctuation. Small-and mid-cap stocks involve greater risks and volatility than large-cap stocks. The Fund may invest in Master Limited Partnerships, which are subject to increased risks of liquidity, price valuation, control, voting rights and taxation. In addition, the structure affords fewer protections to investors in the Partnership than direct investors in a corporation. 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. 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 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 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. These risks may increase share price volatility. There is no assurance that these and other strategies used by the Fund or underlying funds will be successful. Please see the prospectus for a more complete discussion of the Fund’s risks.

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-2023-02-16-ADID-2039091-1Y-T