Pioneer Strategic Income Fund (PSRAX)

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

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.

Pioneer Strategic Income Fund (PSRAX) has returned -0.91% so far this year and 5.54% over the past 12 months. Over the last ten years, PSRAX has returned 3.18% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Apr 15, 1999, PSRAX's average daily return is +0.02%, while the average monthly return is +0.45%. At this rate, your investment would double in approximately 12.9 years.

Historically, 70% of months were positive and 30% were negative. The best month was May 2009 with a return of +5.2%, while the worst month was Mar 2020 at -13.3%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 7 months.

On a daily basis, PSRAX closed higher 41% of trading days. The best single day was Dec 31, 2008 with a return of +2.4%, while the worst single day was Mar 18, 2020 at -3.4%.

Pioneer Strategic Income Fund has an annualized alpha of 5.25%, beta of 0.03, and R² of 0.02 versus S&P 500 Index. Calculated based on daily prices since April 16, 1999.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (27.20%) than losses (14.21%) — typical of diversified or defensive assets.
• Beta of 0.03 may look defensive, but with R² of 0.02 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 0.02 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.

PSRAX has a high expense ratio of 1.01%, indicating above-average management fees.

PSRAX ranks 76 for risk / return — better than 76% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for Pioneer Strategic Income Fund (PSRAX) and compare them to a chosen benchmark (S&P 500 Index).

Pioneer Strategic Income Fund provided a 4.50% dividend yield over the last twelve months, with an annual payout of $0.44 per share. The fund has been increasing its distributions for 2 consecutive years.

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.

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 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 18.59%, occurring on Oct 24, 2022. Recovery took 671 trading sessions.

The current Pioneer Strategic Income Fund drawdown is 2.90%.

The chart below shows the rolling one-month volatility.