Pioneer Global Multisector Income Fund

Data updated: 2023-10-25

C000055268 — Pioneer Global Multisector Income Fund. Emerging Markets Value Equity · $27.57M AUM. Holdings, fees, performance and SEC filings.

C000055268 Fund Overview

Pioneer Global Multisector Income Fund is a US mutual fund managed by Pioneer Series Trust VII, categorised as Emerging Markets Value Equity. 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: Emerging Markets Value Equity
Assets under management: $27.57M
1-year return: 2.1%
SEC CIK: 0001140157
SEC series ID: S000019711
Share class ID: C000055268

C000055268 Investment Objective and Strategy

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

Investment objective

A high level of current income.

Principal investment strategy

"Normally, the fund invests at least 80% of its net assets (plus the amount of borrowings, if any, for investment purposes) in debt securities of issuers located throughout the world, including corporate and government issuers. Derivative instruments that provide exposure to such securities or have similar economic characteristics may be used to satisfy the fund's 80% policy. The fund will allocate its assets among various regions and countries, including the United States (but in no less than three different countries). Normally, the fund invests at least 40% of its net assets (plus the amount of borrowings, if any, for investment purposes) in issuers located outside of the United States, including emerging market issuers. The fund has the flexibility to invest in a broad range of issuers and segments of the debt securities markets, including: Below investment grade (high yield or ""junk bond"") securities of U.S.

and non-U.S. issuers Investment grade securities of U.S. and non-U.S. issuers The adviser's allocations among the segments of the debt markets depend upon its outlook for economic, interest rate and political trends. At any given time, the fund may have a substantial amount of its assets in any one of such segments. The fund may invest up to 70% of its net assets in debt securities rated below investment grade or, if unrated, of equivalent credit quality as determined by the adviser. Up to 20% of the fund's net assets may be invested in debt securities rated below CCC by Standard & Poor's Financial Services LLC or the equivalent by another nationally recognized statistical rating organization or determined to be of equivalent credit quality by the adviser. The fund's investment in debt securities rated below investment grade may include debt securities rated ""D"" or better, or comparable unrated securities.

Debt securities rated ""D"" are in default. The fund may invest a portion of its assets in mortgage-related securities, including ""sub-prime"" mortgages, and asset-backed securities. Mortgage-backed securities represent interests in pools of mortgage loans assembled for sale to investors by various U.S. governmental agencies, government-related organizations and private issuers. The fund also may invest a portion of its assets in subordinated debt securities, event-linked bonds and other insurance-linked securities, municipal securities, and convertible and preferred equity securities. The fund may invest in securities with a broad range of maturities and maintains an average portfolio maturity which varies based upon the judgment of the adviser. The fund's investments may have fixed or variable principal payments and all types of interest rate payment and reset terms, including fixed rate, floating rate, inverse floating rate, zero coupon, contingent, deferred and payment in kind and auction rate features.

The fund's investments may include instruments that allow for balloon payments or negative amortization payments. In addition to investing in securities denominated in non-U.S. currencies, the fund may hold non-U.S. currencies and may take long or short positions with respect to a particular currency through a derivative position, such as a forward currency exchange contract in a non-U.S. currency. 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 adviser considers both broad economic and issuer specific factors in selecting a portfolio designed to achieve the fund's investment objective.

In assessing the appropriate maturity, rating, sector and country weighting of the fund's portfolio, the adviser considers a variety of factors that are expected to influence economic activity and interest rates. These factors include fundamental economic indicators, such as the rates of economic growth and inflation, global monetary policy and the relative value of global currencies. Once the adviser determines the preferable portfolio characteristics, the adviser selects individual securities based upon the terms of the securities (such as yields compared to U.S. Treasuries or comparable issues), liquidity and rating, country, sector and issuer diversification. The adviser also employs fundamental research and due diligence to assess an issuer's credit quality, taking into account financial condition and profitability, future capital needs, potential for change in rating, industry outlook, the competitive environment and management capabilities.

The adviser actively manages the fund's currency exposures based on its analysis of the relative value of currencies, considering such factors as the global macroeconomic environment, global monetary policy and geopolitical factors. In making these portfolio decisions, the adviser relies on the knowledge, experience and judgment of its staff and the staff of its affiliates who have access to a wide variety of research. The fund may, but is not required to, use derivatives. The fund may enter into credit default swaps, which can be used to acquire or to transfer the credit risk of a security or index of securities without buying or selling the security or securities comprising the relevant index. The fund also may use other derivatives, such as futures and options on securities, indices and currencies, forward foreign currency exchange contracts, swaps, and bond and interest rate futures.

The fund may use derivatives for a variety of purposes, including: in an attempt to hedge against adverse changes in the market prices 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."

C000055268 Performance

Total returns for C000055268 (as of 2026-10-01), from SEC filings.

Period	Total return
1 year	2.1%

C000055268 Risk Information

Risk metrics for C000055268, derived from monthly returns in SEC filings.

1-year volatility (annualised): 13.5%

C000055268 Costs and Fees

C000055268 costs about $198 per $10,000 invested per year in fund expenses.

Net expense ratio: 1.98%
Gross expense ratio: 2.57%
Portfolio turnover: 16%
Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

C000055268 Cashflows

Over the 12 months to 2020-07, Pioneer Global Multisector Income Fund had net outflows of $12.52M, from monthly SEC N-PORT filings.

Month	Net flow
2020-07	−$601.24K
2020-06	−$10.73M
2020-05	−$601.59K
2020-04	$177.06K
2020-03	−$413.27K
2020-02	−$341.73K

C000055268 Debt Constituents

No individual debt constituents are reported in Pioneer Global Multisector Income Fund's latest SEC N-PORT filing.

C000055268 Prospectus and SEC Filings

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

Related Funds

Other Emerging Markets Value Equity funds tracked on ABC INVEST:

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.