The new fund will offer investors the ability to invest in a globally diversified, actively managed portfolio of primarily investment grade bonds. For some investors, the fund potentially may serve as a core fixed-income holding in a wide range of market environments.
The fund’s investment objective is to provide current income with due regard to preservation of capital and prudent investment risk. The fund will seek to achieve this objective by investing primarily in debt securities of US and non-US issuers that are investment grade. The fund normally invests at least 40% of its net assets outside the US In addition, no more than 20% of the fund’s net assets may be invested in below investment grade securities.
Day-to-day management of the fund’s portfolio is the responsibility of managers Kenneth Taubes, Charles Melchreit, Raffaele Bertoni and Tanguy Le Saout, who are supported by Pioneer Investments’ US fixed income team in Boston and international fixed income team in Dublin. Kenneth Taubes, director of US fixed income in Boston, and Raffaele Bertoni, head of European fixed income in Dublin, will jointly oversee top-down asset allocation decisions.
