Pioneer High Yield Fund (TYHYX)
Normally, the fund invests at least 80% of its total assets in below investment grade (high yield) debt securities and preferred stocks. Debt securities rated below investment grade are commonly referred to as "junk bonds" and are considered speculative. The fund may invest in high yield securities of any rating, including securities where the issuer is in default or bankruptcy at the time of purchase.
Fund Info
US72369B4068
72369B406
Feb 12, 1998
$5,000,000
Expense Ratio
TYHYX features an expense ratio of 0.85%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Pioneer High Yield 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 High Yield Fund had a return of 1.54% year-to-date (YTD) and 10.05% in the last 12 months. Over the past 10 years, Pioneer High Yield Fund had an annualized return of 4.28%, while the S&P 500 had an annualized return of 11.26%, indicating that Pioneer High Yield Fund did not perform as well as the benchmark.
TYHYX
1.54%
0.50%
3.60%
10.05%
3.51%
4.28%
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of TYHYX, 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 | 1.54% | 1.54% | |||||||||||
| 2024 | 0.61% | 0.61% | 1.20% | -0.57% | 1.07% | 0.84% | 1.78% | 1.15% | 1.78% | -0.40% | 0.45% | -0.15% | 8.67% |
| 2023 | 3.90% | -1.21% | 0.34% | 0.58% | -0.75% | 1.32% | 1.44% | 0.24% | -1.08% | -1.70% | 3.76% | 3.65% | 10.78% |
| 2022 | -2.14% | -0.82% | -0.50% | -3.21% | -0.85% | -5.75% | 3.94% | -0.64% | -3.96% | 2.04% | 1.92% | -0.76% | -10.59% |
| 2021 | 0.42% | 0.84% | 0.53% | 1.14% | 0.40% | 1.00% | -0.05% | 0.55% | 0.34% | -0.07% | -1.02% | 1.82% | 6.03% |
| 2020 | 0.01% | -2.15% | -15.21% | 3.41% | 5.63% | 1.53% | 4.04% | 1.80% | -0.97% | 0.22% | 4.67% | 2.09% | 3.37% |
| 2019 | 4.23% | 1.19% | 0.65% | 1.29% | -1.16% | 2.46% | 0.63% | 0.32% | 0.84% | 0.42% | 0.65% | 2.10% | 14.40% |
| 2018 | 0.59% | -0.95% | -0.34% | 0.50% | -0.02% | 0.20% | 1.04% | 0.51% | 0.20% | -1.68% | -0.75% | -2.59% | -3.30% |
| 2017 | 1.65% | 1.43% | -0.02% | 0.91% | 0.60% | 0.40% | 1.12% | -0.31% | 0.71% | 0.49% | 0.19% | 0.56% | 7.98% |
| 2016 | -2.08% | 0.34% | 3.62% | 3.17% | 0.97% | 0.43% | 2.96% | 1.81% | 0.83% | -0.23% | 0.18% | 1.74% | 14.48% |
| 2015 | -0.42% | 3.81% | 0.17% | 0.98% | 0.27% | -0.73% | -1.84% | -2.20% | -2.89% | 2.60% | -2.06% | -2.40% | -4.84% |
| 2014 | 0.59% | 1.98% | 0.12% | 0.28% | 0.83% | 1.55% | -1.28% | 1.30% | -2.69% | -0.11% | -4.94% | -1.80% | -4.30% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 95, TYHYX is among the top 5% 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 High Yield Fund (TYHYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Pioneer High Yield Fund provided a 6.03% dividend yield over the last twelve months, with an annual payout of $0.53 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.53 | $0.53 | $0.47 | $0.49 | $0.43 | $0.50 | $0.51 | $0.46 | $0.50 | $0.50 | $0.53 | $0.50 |
Dividend yield | 6.03% | 6.07% | 5.50% | 5.94% | 4.47% | 5.25% | 5.20% | 5.13% | 5.07% | 5.21% | 6.05% | 5.12% |
Monthly Dividends
The table displays the monthly dividend distributions for Pioneer High Yield 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 | $0.00 | $0.04 | ||||||||||
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.06 | $0.53 |
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.47 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.11 | $0.49 |
| 2021 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.43 |
| 2020 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.50 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.06 | $0.51 |
| 2018 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.46 |
| 2017 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.07 | $0.50 |
| 2016 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.07 | $0.50 |
| 2015 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.12 | $0.53 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.06 | $0.50 |
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 High Yield 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 High Yield Fund was 44.82%, occurring on Dec 16, 2008. Recovery took 332 trading sessions.
The current Pioneer High Yield Fund drawdown is 0.11%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -44.82% | Oct 15, 2007 | 296 | Dec 16, 2008 | 332 | Apr 14, 2010 | 628 |
| -23.73% | Feb 21, 2020 | 22 | Mar 23, 2020 | 175 | Nov 30, 2020 | 197 |
| -18.98% | Jul 7, 2014 | 405 | Feb 11, 2016 | 244 | Jan 31, 2017 | 649 |
| -16.54% | May 2, 2011 | 108 | Oct 3, 2011 | 219 | Aug 16, 2012 | 327 |
| -15.69% | May 30, 2002 | 96 | Oct 10, 2002 | 101 | Mar 3, 2003 | 197 |
Volatility
Volatility Chart
The current Pioneer High Yield Fund volatility is 0.76%, 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.