- ISIN
- US72387P6438
- CUSIP
- 72387P643
- Issuer
- Amundi
- Inception Date
- Dec 22, 2011
- Category
- Diversified Portfolio, Dividend
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
PMAIX Performance Chart
Pioneer Multi-Asset Income Fund A (PMAIX) is up 5.8% since the beginning of the year. PMAIX is currently trading at $14 per share. Investors who bought $1,000 worth of PMAIX shares 5 years ago would now be looking at an investment worth $1,470.
Loading charts...
Returns By Period
Pioneer Multi-Asset Income Fund A (PMAIX) has returned 5.84% so far this year and 17.14% over the past 12 months. Over the last ten years, PMAIX has returned 8.70% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
Pioneer Multi-Asset Income Fund A
- 1D
- 0.30%
- 1M
- 1.00%
- YTD
- 5.84%
- 6M
- 7.30%
- 1Y
- 17.14%
- 3Y*
- 13.52%
- 5Y*
- 8.01%
- 10Y*
- 8.70%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
PMAIX Monthly Returns History
Based on dividend-adjusted daily data since Dec 22, 2011, PMAIX's average daily return is +0.03%, while the average monthly return is +0.68%. At this rate, an investment would double in approximately 8.5 years.
Historically, 67% of months were positive and 33% were negative. The best month was Nov 2020 with a return of +8.0%, while the worst month was Mar 2020 at -12.7%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 4 months.
On a daily basis, PMAIX closed higher 50% of trading days. The best single day was Nov 10, 2020 with a return of +3.5%, while the worst single day was Mar 12, 2020 at -4.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.47% | 2.07% | -2.64% | 3.15% | 0.25% | 0.52% | 5.84% | ||||||
| 2025 | 3.00% | 1.72% | 1.36% | -0.33% | 4.43% | 3.61% | 0.16% | 2.31% | 1.49% | 0.16% | 1.34% | 1.77% | 23.03% |
| 2024 | 0.45% | 0.80% | 2.93% | -0.43% | 1.14% | -1.64% | 3.78% | 1.62% | 0.67% | -1.34% | 0.86% | -2.73% | 6.09% |
| 2023 | 4.69% | -1.75% | -1.88% | 0.99% | -2.01% | 2.58% | 3.16% | -1.06% | -0.36% | -2.06% | 2.66% | 2.45% | 7.32% |
| 2022 | 2.20% | -2.23% | 1.09% | -2.62% | 1.95% | -7.22% | 3.15% | 0.44% | -6.12% | 5.15% | 4.83% | -0.55% | -0.79% |
| 2021 | 0.23% | 2.51% | 4.33% | 1.59% | 2.25% | -0.37% | -1.56% | 0.99% | 0.90% | -0.12% | -2.03% | 2.85% | 12.00% |
Benchmark Metrics
Pioneer Multi-Asset Income Fund A has an annualized alpha of 4.52%, beta of 0.27, and R2 of 0.40 versus S&P 500 Index. Calculated based on daily prices since December 23, 2011.
- This fund participated in 49.67% of S&P 500 Index downside but only 48.75% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.27 may look defensive, but with R2 of 0.40 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.40 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 4.52%
- Beta
- 0.27
- R²
- 0.40
- Upside Capture
- 48.75%
- Downside Capture
- 49.67%
Expense Ratio
PMAIX has an expense ratio of 0.85%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PMAIX ranks 88 for risk / return — in the top 88% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Pioneer Multi-Asset Income Fund A (PMAIX) and compare them to S&P 500 Index.
| PMAIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.41 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 4.33 | 2.93 | +1.40 |
| Martin ratioReturn relative to average drawdown | 15.26 | 13.52 | +1.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Pioneer Multi-Asset Income Fund A provided a 6.12% dividend yield over the last twelve months, with an annual payout of $0.83 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.83 | $0.82 | $0.60 | $0.58 | $0.50 | $0.64 | $0.59 | $0.64 | $0.62 | $0.79 | $0.60 | $0.60 |
Dividend yield | 6.12% | 6.29% | 5.30% | 5.14% | 4.53% | 5.50% | 5.39% | 5.78% | 5.83% | 6.69% | 5.53% | 5.92% |
Monthly Dividends
The table displays the monthly dividend distributions for Pioneer Multi-Asset Income Fund A. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.00 | $0.30 | ||||||
| 2025 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.16 | $0.82 |
| 2024 | $0.06 | $0.06 | $0.06 | $0.06 | $0.00 | $0.00 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.60 |
| 2023 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.00 | $0.00 | $0.00 | $0.06 | $0.18 | $0.58 |
| 2022 | $0.05 | $0.05 | $0.05 | $0.05 | $0.00 | $0.00 | $0.02 | $0.05 | $0.05 | $0.05 | $0.05 | $0.11 | $0.50 |
| 2021 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.15 | $0.64 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Pioneer Multi-Asset Income Fund A. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Pioneer Multi-Asset Income Fund A was 24.12%, occurring on Mar 23, 2020. Recovery took 162 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -24.12%Mar 2020 | 2mo 2d | 7mo 22d | 9mo 24dJan 2020 - Nov 2020 |
2016 correction2016 | -15.47%Feb 2016 | 8mo 29d | 10mo | 1y 6moMay 2015 - Dec 2016 |
Bear market2022 | -13.97%Sep 2022 | 7mo 19d | 10mo 2d | 1y 5moFeb 2022 - Jul 2023 |
Rate-hike selloffLate 2018 | -10.02%Dec 2018 | 10mo 29d | 11mo 24d | 1y 10moJan 2018 - Dec 2019 |
2014 pullback2014 | -8.17%Dec 2014 | 5mo 17d | 4mo 29d | 10mo 16dJul 2014 - May 2015 |
Drawdown Indicators
| PMAIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.12% | -56.78% | +32.66% |
Max Drawdown (1Y)Largest decline over 1 year | -4.07% | -9.10% | +5.03% |
Max Drawdown (3Y)Largest decline over 3 years | -7.99% | -18.90% | +10.91% |
Max Drawdown (5Y)Largest decline over 5 years | -13.97% | -25.43% | +11.46% |
Max Drawdown (10Y)Largest decline over 10 years | -24.12% | -33.92% | +9.80% |
Current DrawdownCurrent decline from peak | 0.00% | -0.74% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -2.66% | -10.72% | +8.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 1.97% | -0.82% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with PMAIX
Add Pioneer Multi-Asset Income Fund A to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with PMAIX