Pioneer gives details about new Pioneer Absolute Return Bond Fund

By Toni Weeks

San Luis Obispo, Calif., Jan. 14 - Pioneer Series Trust V revealed in a 497 filing with the Securities and Exchange Commission details about its upcoming new Pioneer Absolute Return Bond Fund.

The fund will seek total return with capital preservation as a secondary objective. It will seek to gain long and short exposure to the global fixed-income markets by investing in a broad range of debt instruments and derivatives related to debt instruments or markets. The fund will hold long positions through the purchase and sale of debt instruments and related derivatives. It will gain short exposure to markets, sectors or instruments mainly through the use of derivatives.

The fund will normally invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in debt instruments. Up to 20% of net assets may be invested in high- yield securities, including those that are in default.

Tanguy Le Saout and Cosimo Marasciulo will comprise the portfolio management team.

The fund will offer class A, class C and class Y shares. The ticker symbols are "ABRDX," "ARCBX" and "ARBYX," respectively.

Shareholder fees will include a maximum sales charge of 4.5% for class A shares and a maximum deferred sales charge of 1% for class C shares.

Including management fees of 0.6% and taking into account the effects of a fee waiver and expense reimbursement agreement, net expenses are expected to be 1.15% for class A shares, 1.9% for class C shares and 0.75% for class Y shares.

Boston-based Pioneer Investment Management, Inc. will act as the investment manager.

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