Pioneer Global High Yield Fund

C000028247 Fund Overview

Pioneer Global High Yield Fund is a US mutual fund managed by Pioneer Series Trust VII, categorised as Intermediate Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Pioneer Series Trust VII
• Category: Intermediate Corporate Bond
• Assets under management: $129.84M
• 1-year return: 7.5%
• SEC CIK: 0001140157
• SEC series ID: S000010203
• Share class ID: C000028247

C000028247 Investment Objective and Strategy

Pioneer Global High Yield Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Pioneer Series Trust VII.

Investment objective

Maximize total return through a combination of income and capital appreciation.

Principal investment strategy

"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 with a broad range of maturities. 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's investments may include instruments that allow for balloon payments or negative amortization payments. 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, 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 ""sub-prime"" mortgages, and asset-backed securities. The fund also may invest a portion of its assets in floating rate loans, subordinated debt securities, event-linked bonds and other insurance-linked securities. The fund may, but is not required to, use derivatives. The fund may use derivatives, such as credit default swaps, 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."

C000028247 Holdings

Top 10 holdings of Pioneer Global High Yield Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000028247 holdings

C000028247 Portfolio Allocation

Asset-class allocation of Pioneer Global High Yield Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000028247 Performance

Total returns for C000028247 (as of 2026-10-01), from SEC filings.

C000028247 Risk Information

Risk metrics for C000028247, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 7.1%

C000028247 Costs and Fees

C000028247 costs about $114 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.14%
• Gross expense ratio: 1.25%
• Portfolio turnover: 42%
• Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

C000028247 Cashflows

Over the 12 months to 2023-10, Pioneer Global High Yield Fund had net inflows of $69.70M, from monthly SEC N-PORT filings.

C000028247 Debt Constituents

Largest debt holdings of Pioneer Global High Yield Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000028247 Prospectus and SEC Filings

Official Pioneer Global High Yield Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2023-02-24
• Prospectus (485BPOS) — filed 2022-02-25
• Prospectus (485BPOS) — filed 2021-02-24
• Portfolio holdings (N-PORT) — filed 2023-12-20
• Portfolio holdings (N-PORT) — filed 2023-09-26
• Portfolio holdings (N-PORT) — filed 2023-06-22
• Annual census (N-CEN) — filed 2024-01-12
• Annual census (N-CEN) — filed 2023-01-13

Related Funds

Other Intermediate Corporate Bond funds tracked on ABC INVEST:

• Vanguard Intermediate-Term Corporate Bond Index Fund (VICSX)
• Lord Abbett Short Duration Income Fund (LLDYX)
• Vanguard Intermediate-Term Investment-Grade Fund (VFICX)
• iShares Broad USD High Yield Corporate Bond ETF (USHY)
• Lord Abbett Bond Debenture Fund INC (LBNDX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.