- ISIN
- US72387P6271
- CUSIP
- 72387P627
- Issuer
- Amundi
- Inception Date
- Dec 21, 2011
- Category
- Global Allocation
- Min. Investment
- $5,000,000
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
PMFYX Performance Chart
Pioneer Multi-Asset Income Fund (PMFYX) is up 4.8% since the beginning of the year. PMFYX is currently trading at $13 per share. Investors who bought $1,000 worth of PMFYX shares 5 years ago would now be looking at an investment worth $1,486.
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Returns By Period
Pioneer Multi-Asset Income Fund (PMFYX) has returned 4.83% so far this year and 14.78% over the past 12 months. Over the last ten years, PMFYX has returned 8.78% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Pioneer Multi-Asset Income Fund
- 1D
- -0.37%
- 1M
- 0.41%
- YTD
- 4.83%
- 6M
- 5.25%
- 1Y
- 14.78%
- 3Y*
- 12.81%
- 5Y*
- 8.25%
- 10Y*
- 8.78%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
PMFYX Monthly Returns History
Based on dividend-adjusted daily data since Dec 22, 2011, PMFYX's average daily return is +0.03%, while the average monthly return is +0.69%. At this rate, an investment would double in approximately 8.4 years.
Historically, 66% of months were positive and 34% were negative. The best month was Nov 2020 with a return of +8.2%, while the worst month was Mar 2020 at -12.8%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 4 months.
On a daily basis, PMFYX 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 -4.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.57% | 2.01% | -2.64% | 3.17% | 0.26% | -0.52% | 4.83% | ||||||
| 2025 | 2.94% | 1.75% | 1.38% | -0.32% | 4.37% | 3.72% | 0.17% | 2.26% | 1.51% | 0.17% | 1.44% | 1.71% | 23.15% |
| 2024 | 0.47% | 0.83% | 2.96% | -0.42% | 1.14% | -1.65% | 3.82% | 1.64% | 0.61% | -1.33% | 0.96% | -2.73% | 6.28% |
| 2023 | 4.64% | -1.74% | -1.87% | 0.64% | -2.00% | 2.61% | 3.19% | -1.06% | -0.36% | -2.07% | 2.69% | 2.48% | 7.04% |
| 2022 | 2.23% | -2.22% | 1.11% | -2.61% | 1.96% | -7.25% | 3.47% | 0.55% | -6.12% | 5.18% | 4.77% | -0.53% | -0.34% |
| 2021 | 0.33% | 2.44% | 4.36% | 1.61% | 2.28% | -0.36% | -1.55% | 1.01% | 0.92% | -0.10% | -2.03% | 2.88% | 12.25% |
Benchmark Metrics
Pioneer Multi-Asset Income Fund has an annualized alpha of 4.60%, beta of 0.27, and R2 of 0.39 versus S&P 500 Index. Calculated based on daily prices since December 22, 2011.
- This fund participated in 49.53% of S&P 500 Index downside but only 49.05% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.27 may look defensive, but with R2 of 0.39 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 0.39 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
- 4.60%
- Beta
- 0.27
- R²
- 0.39
- Upside Capture
- 49.05%
- Downside Capture
- 49.53%
Expense Ratio
PMFYX has an expense ratio of 0.65%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PMFYX ranks 81 for risk / return — in the top 81% 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 (PMFYX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PMFYX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.37 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.66 | 2.78 | +0.87 |
| Martin ratioReturn relative to average drawdown | 12.86 | 12.44 | +0.42 |
Dividends
Dividend History
Pioneer Multi-Asset Income Fund provided a 6.37% dividend yield over the last twelve months, with an annual payout of $0.85 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.85 | $0.84 | $0.62 | $0.55 | $0.55 | $0.66 | $0.61 | $0.66 | $0.64 | $0.82 | $0.62 | $0.62 |
Dividend yield | 6.37% | 6.48% | 5.48% | 4.87% | 5.00% | 5.70% | 5.58% | 6.00% | 6.07% | 6.88% | 5.72% | 6.14% |
Monthly Dividends
The table displays the monthly dividend distributions for Pioneer Multi-Asset Income Fund. 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 | $0.31 | ||||||
| 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 | $0.84 |
| 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 | $0.62 |
| 2023 | $0.05 | $0.05 | $0.05 | $0.00 | $0.05 | $0.05 | $0.05 | $0.00 | $0.00 | $0.00 | $0.06 | $0.18 | $0.55 |
| 2022 | $0.05 | $0.05 | $0.05 | $0.05 | $0.00 | $0.00 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.11 | $0.55 |
| 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 | $0.66 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Pioneer Multi-Asset Income Fund. 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 was 24.23%, occurring on Mar 23, 2020. Recovery took 162 trading sessions.
The current Pioneer Multi-Asset Income Fund drawdown is 1.12%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -24.23%Mar 2020 | 2mo 2d | 7mo 22d | 9mo 24dJan 2020 - Nov 2020 |
2016 correction2016 | -15.28%Feb 2016 | 8mo 29d | 9mo 29d | 1y 6moMay 2015 - Dec 2016 |
Bear market2022 | -13.62%Sep 2022 | 7mo 19d | 4mo 6d | 11mo 25dFeb 2022 - Jan 2023 |
Rate-hike selloffLate 2018 | -9.86%Dec 2018 | 10mo 29d | 10mo 18d | 1y 9moJan 2018 - Nov 2019 |
2014 pullback2014 | -8.17%Dec 2014 | 5mo 17d | 4mo 29d | 10mo 16dJul 2014 - May 2015 |
Drawdown Indicators
| PMFYX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.23% | -56.78% | +32.55% |
Max Drawdown (1Y)Largest decline over 1 year | -4.08% | -9.10% | +5.02% |
Max Drawdown (3Y)Largest decline over 3 years | -7.92% | -18.90% | +10.98% |
Max Drawdown (5Y)Largest decline over 5 years | -13.62% | -25.43% | +11.81% |
Max Drawdown (10Y)Largest decline over 10 years | -24.23% | -33.92% | +9.69% |
Current DrawdownCurrent decline from peak | -1.12% | -1.80% | +0.68% |
Average DrawdownAverage peak-to-trough decline | -2.60% | -10.71% | +8.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 2.03% | -0.87% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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