Pioneer Short Term Income Fund (PSHYX)

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Pioneer Short Term Income Fund (PSHYX) is up 0.7% since the beginning of the year. PSHYX is currently trading at $9 per share. Investors who bought $1,000 worth of PSHYX shares 5 years ago would now be looking at an investment worth $1,134.

Pioneer Short Term Income Fund (PSHYX) has returned 0.66% so far this year and 3.15% over the past 12 months. Over the last ten years, PSHYX has returned 2.53% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jul 12, 2004, PSHYX's average daily return is +0.01%, while the average monthly return is +0.23%. At this rate, an investment would double in approximately 25.1 years.

Historically, 79% of months were positive and 21% were negative. The best month was Jun 2020 with a return of +2.7%, while the worst month was Mar 2020 at -8.8%. The longest winning streak lasted 25 consecutive months, and the longest losing streak was 9 months.

On a daily basis, PSHYX closed higher 23% of trading days. The best single day was Mar 26, 2020 with a return of +1.8%, while the worst single day was Mar 20, 2020 at -2.0%.

Pioneer Short Term Income Fund has an annualized alpha of 2.85%, beta of -0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since July 12, 2004.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (10.02%) than losses (1.11%) - typical of diversified or defensive assets.
• Beta of -0.00 may look defensive, but with R2 of 0.00 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 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

PSHYX has an expense ratio of 0.46%, placing it in the medium range.

PSHYX ranks 51 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

Pioneer Short Term Income Fund provided a 5.09% dividend yield over the last twelve months, with an annual payout of $0.44 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for Pioneer Short Term Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Pioneer Short Term 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 Short Term Income Fund was 12.98%, occurring on Mar 25, 2020. Recovery took 184 trading sessions.

The current Pioneer Short Term Income Fund drawdown is 0.23%.

The chart below shows the rolling one-month volatility.