Pioneer Strategic Income Fund (PSRAX)
The fund normally invests at least 80% of its net assets (plus the amount of borrowings, if any, for investment purposes) in debt securities. It invests primarily in debt securities issued or guaranteed by the U.S. government, its agencies or instrumentalities or non-U.S. governmental entities; debt securities of U.S. and non-U.S. corporate issuers; and mortgage-related securities, and asset-backed securities. The fund invests in securities of any maturity and maintains an average portfolio maturity which varies based upon the judgment of the fund's investment adviser.
Fund Info
US7238841024
723884102
Apr 14, 1999
$1,000
Expense Ratio
PSRAX has a high expense ratio of 1.01%, indicating above-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Pioneer Strategic Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Pioneer Strategic Income Fund had a return of 2.91% year-to-date (YTD) and 9.91% in the last 12 months. Over the past 10 years, Pioneer Strategic Income Fund had an annualized return of 2.30%, while the S&P 500 had an annualized return of 10.15%, indicating that Pioneer Strategic Income Fund did not perform as well as the benchmark.
PSRAX
2.91%
0.29%
2.51%
9.91%
3.12%
2.30%
^GSPC (Benchmark)
-6.06%
-2.95%
-4.87%
8.34%
13.98%
10.15%
Monthly Returns
The table below presents the monthly returns of PSRAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.03% | 2.30% | 0.19% | -0.62% | 2.91% | ||||||||
| 2024 | 0.21% | -0.84% | 0.99% | -2.41% | 2.01% | 1.23% | 2.51% | 1.93% | 1.59% | -2.26% | 0.93% | -1.48% | 4.32% |
| 2023 | 4.14% | -1.84% | 1.15% | 0.71% | -0.90% | 0.08% | 0.52% | -0.67% | -2.31% | -2.03% | 4.70% | 4.63% | 8.12% |
| 2022 | -1.52% | -1.76% | -1.80% | -2.44% | -0.70% | -2.54% | 1.60% | -0.90% | -4.89% | -2.61% | 4.04% | -0.17% | -13.11% |
| 2021 | -0.16% | -0.42% | -0.60% | 1.54% | 0.72% | 0.72% | 0.36% | 0.26% | -0.26% | 0.35% | -4.24% | -0.86% | -2.67% |
| 2020 | 1.16% | -0.11% | -13.31% | 4.26% | 4.21% | 2.60% | 3.30% | 1.10% | -0.53% | 0.46% | 3.77% | 1.53% | 7.40% |
| 2019 | 1.91% | 0.25% | 1.40% | 0.53% | 0.91% | 1.55% | 0.33% | 0.98% | 0.06% | 0.62% | 0.34% | 0.90% | 10.19% |
| 2018 | -0.20% | -0.95% | 0.07% | -0.50% | -0.22% | -0.22% | 0.55% | 0.07% | -0.03% | -1.08% | -0.04% | 0.65% | -1.90% |
| 2017 | 0.75% | 0.84% | 0.09% | 0.74% | 0.64% | 0.18% | 0.64% | 0.55% | -0.11% | 0.26% | 0.07% | 0.45% | 5.21% |
| 2016 | -0.59% | 0.20% | 2.47% | 1.84% | 0.19% | 0.96% | 1.61% | 1.03% | 0.19% | 0.19% | -1.39% | 0.76% | 7.65% |
| 2015 | 0.67% | 0.67% | -0.07% | 0.38% | 0.01% | -0.92% | 0.01% | -0.85% | -0.76% | 0.97% | -0.38% | -1.16% | -1.45% |
| 2014 | 0.89% | 1.25% | 0.62% | 0.69% | 1.06% | 0.41% | -0.13% | 0.70% | -0.61% | 0.31% | -1.33% | -0.64% | 3.23% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 86, PSRAX is among the top 14% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Pioneer Strategic Income Fund (PSRAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Pioneer Strategic Income Fund provided a 5.25% dividend yield over the last twelve months, with an annual payout of $0.50 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.50 | $0.48 | $0.33 | $0.28 | $0.37 | $0.38 | $0.32 | $0.32 | $0.35 | $0.36 | $0.37 | $0.43 |
Dividend yield | 5.25% | 5.12% | 3.48% | 3.08% | 3.41% | 3.28% | 2.87% | 3.15% | 3.20% | 3.39% | 3.62% | 4.01% |
Monthly Dividends
The table displays the monthly dividend distributions for Pioneer Strategic 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.04 | $0.04 | $0.04 | $0.00 | $0.11 | ||||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.11 | $0.48 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2022 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.28 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.37 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.38 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.37 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.04 | $0.43 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Pioneer Strategic 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 Strategic Income Fund was 22.00%, occurring on Oct 24, 2022. The portfolio has not yet recovered.
The current Pioneer Strategic Income Fund drawdown is 4.50%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -22% | Sep 16, 2021 | 279 | Oct 24, 2022 | — | — | — |
| -17.26% | May 21, 2008 | 139 | Dec 5, 2008 | 158 | Jul 24, 2009 | 297 |
| -17.23% | Feb 24, 2020 | 23 | Mar 25, 2020 | 110 | Aug 31, 2020 | 133 |
| -5.58% | Sep 2, 2014 | 366 | Feb 12, 2016 | 53 | Apr 29, 2016 | 419 |
| -5% | Mar 10, 2004 | 46 | May 13, 2004 | 65 | Aug 17, 2004 | 111 |
Volatility
Volatility Chart
The current Pioneer Strategic Income Fund volatility is 2.45%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.