Pioneer Multi Asset Income Fund
Data updated: 2025-03-25
C000149634 — Pioneer Multi Asset Income Fund. Income Allocation · $4.31B AUM · 0.56% expense ratio. Holdings, fees, performance and SEC filings.
C000149634 Fund Overview
Pioneer Multi Asset Income Fund is a US mutual fund managed by Pioneer Series Trust IV, categorised as Income Allocation. 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 IV
- Category: Income Allocation
- Assets under management: $4.31B
- 1-year return: 10.7%
- SEC CIK: 0001331854
- SEC series ID: S000035110
- Share class ID: C000149634
C000149634 Investment Objective and Strategy
Pioneer Multi Asset Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Pioneer Series Trust IV.
Investment objective
A high level of current income.
Principal investment strategy
"The fund has the flexibility to invest in a broad range of income-producing investments, including both debt securities and equity securities. The fund may invest in the securities of issuers located throughout the world, including in emerging markets. In selecting investments, the fund's investment adviser considers both broad economic and investment-specific factors. The fund may invest in a broad range of issuers and segments of the debt securities markets. The adviser allocates the fund's debt securities among different instruments and segments of the debt markets, based on its outlook for economic, interest rate and political trends. Debt securities may include instruments and obligations of U.S. and non-U.S. corporate and other non-governmental entities, those of U.S. and non-U.S. governmental entities, mortgage-related or mortgage-backed securities (including ""sub-prime"" mortgages), asset-backed securities, floating rate loans, convertible securities, Treasury Inflation Protected Securities (""TIPS"") and other inflation-linked debt securities, subordinated debt securities, event-linked bonds and other insurance-linked securities, and funds that invest primarily in debt securities.
The fund may invest without limit in debt securities of any credit quality, including those rated below investment grade (known as ""junk bonds"") or, if unrated, of equivalent credit quality as determined by the adviser. The fund's investments in debt securities rated below investment grade may include securities that are in default. The fund invests in debt securities with a broad range of maturities. The fund's investments may have fixed or variable principal payments and all types of interest rate 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 without limit in debt securities.
Equity securities include common stocks, rights, warrants, depositary receipts, funds that invest primarily in equity securities, preferred stock, equity interests in real estate trusts (REITs), equity-linked notes and master limited partnerships. Derivative instruments that provide exposure to equity securities or have similar economic characteristics may be considered equity securities under this policy. The fund may invest without limit in debt and equity securities of non-U.S. issuers, including up to 30% of its total assets in debt and equity securities of emerging market issuers. Equity-linked notes (ELNs) are hybrid structured investments that combine the characteristics of one or more reference underlying securities (usually a single stock, a basket of stocks or a stock index) and a related equity derivative, typically in the form of a note paying a stated interest rate.
In allocating assets among debt and equity securities, the adviser considers a variety of factors expected to influence global economic activity, including fundamental economic indicators, such as the rates of economic growth and inflation, monetary policy, geo-political factors, the performance of securities markets, and the relative value of the U.S. dollar compared to other currencies. The fund is not required to allocate its investments among debt and equity securities in any fixed proportion, nor is it limited by the issuer's geographic location, size or market capitalization. The relative proportions of the fund's investments in debt and equity securities may change over time based upon market and economic conditions. In selecting individual securities to buy and sell, the adviser considers a security's income prospects relative to perceived risk.
The adviser selects debt securities based upon such factors as a security's yield, liquidity and rating, an assessment of credit quality, and sector and issuer diversification. The adviser considers an equity security's potential to provide income in view of the sustainability of the issuer's earnings and financial condition. In selecting equity and debt securities, the adviser generally favors those securities it perceives to be undervalued. The adviser employs fundamental research in evaluating issuers, taking into account financial condition and profitability, future capital needs, potential for change in rating, industry outlook, the competitive environment and management ability. 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 fundamental and quantitative research.
In selecting among market segments and instruments, the adviser considers the relative value of particular investments. Investments typically are sold when the adviser's overall assessment of market and economic conditions changes or the assessments of the attributes of asset classes or individual holdings change. The fund may invest in securities and instruments that are not income-producing for purposes of seeking capital appreciation or managing risk or other portfolio characteristics. The fund may, but is not required to, use derivatives, such as options, credit default swaps and interest rate swaps, forward currency exchange contracts and bond, index, interest rate and currency futures. The fund may use derivatives 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.
In addition to investing in securities denominated in non-U.S. currencies, the fund may hold non-U.S. currencies and purchase and sell forward currency exchange contracts in non-U.S. currencies. The fund may invest without limit in derivative instruments. The fund may choose not to make use of derivatives for a variety of reasons, and any use may be limited to applicable law and regulations. The fund also may hold cash or other short-term investments."
C000149634 Holdings
Top 10 holdings of Pioneer Multi Asset Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| ABN AMRO Bank NV | 2.74% |
| Bank of America Corp | 2.45% |
| Cisco Systems Inc | 2.39% |
| IBM | 2.28% |
| Dreyfus Government Cash Management | 2.26% |
| Eversource Energy | 2.10% |
| Samsung Electronics Co Ltd | 2.02% |
| Sanofi SA | 1.98% |
| Pfizer Inc | 1.92% |
| Energy Transfer LP | 1.83% |
C000149634 Portfolio Allocation
Asset-class allocation of Pioneer Multi Asset Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 49.7% |
| Fixed Income | 28.2% |
| Securitized | 19.2% |
| Cash & Equivalents | 2.8% |
| Derivatives | 0.4% |
| Loans | 0.1% |
C000149634 Performance
Total returns for C000149634 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 10.7% |
| 3 years (annualised) | 6.0% |
| 5 years (annualised) | 7.8% |
C000149634 Risk Information
Risk metrics for C000149634, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 6.5%
C000149634 Costs and Fees
C000149634 costs about $56 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.56%
- Gross expense ratio: 0.56%
- Portfolio turnover: 62%
- Brokerage commissions: 6.69 bps of average net assets (SEC N-CEN)
C000149634 Cashflows
Over the 12 months to 2025-01, Pioneer Multi Asset Income Fund had net inflows of $1.25B, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2025-01 | $101.74M |
| 2024-12 | $119.73M |
| 2024-11 | $120.86M |
| 2024-10 | $139.24M |
| 2024-09 | $138.81M |
| 2024-08 | $133.43M |
C000149634 Debt Constituents
Largest debt holdings of Pioneer Multi Asset Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Level 3 Financing, Inc. | 1.04% |
| Ubs Group AG | 0.71% |
| Ubs Group AG | 0.67% |
| Royal Bank Of Canada | 0.61% |
| Redwood Trust, Inc. | 0.56% |
| Jp Morgan Structured Pro | 0.52% |
| Wells Fargo Bank Na | 0.51% |
| BNP Paribas Issuance BV | 0.50% |
| Merrill Lynch Bv | 0.39% |
| Wells Fargo Bank Na | 0.37% |
C000149634 Prospectus and SEC Filings
Official Pioneer Multi Asset Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-11-26
- Prospectus (485BPOS) — filed 2023-11-27
- Prospectus (485BPOS) — filed 2022-11-22
- Portfolio holdings (N-PORT) — filed 2025-03-25
- Portfolio holdings (N-PORT) — filed 2024-12-20
- Portfolio holdings (N-PORT) — filed 2024-09-26
- Annual census (N-CEN) — filed 2024-10-11
- Annual census (N-CEN) — filed 2023-10-13
Related Funds
Other Income Allocation 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.