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Pioneer Funds March 1, 2021 Pioneer Funds Supplement to the Statement of Additional Information, as in effect and as may be amended from time to time, for: Fund Date of Prospectus Pioneer Strategic Income Fund February 1, 2021 Pioneer Emerging Markets Equity Fund February 1, 2021 Pioneer International Equity Fund April 1, 2020 Pioneer Select Mid Cap Growth Fund April 1, 2020 Pioneer AMT-Free Municipal Fund April 1, 2020 Pioneer Fund May 1, 2020 Pioneer Real Estate Shares May 1, 2020 Pioneer Core Equity Fund May 1, 2020 Pioneer U.S. Government Money Market Fund May 1, 2020 Pioneer Multi-Asset Ultrashort Income Fund August 1, 2020 Pioneer Fundamental Growth Fund August 1, 2020 Pioneer Bond Fund November 1, 2020 Pioneer Securitized Income Fund December 1, 2020 Pioneer Balanced ESG Fund December 1, 2020 Pioneer Multi-Asset Income Fund December 1, 2020 Pioneer Solutions – Balanced Fund December 1, 2020 Pioneer High Income Municipal Fund December 18, 2020 Pioneer MAP-High Income Municipal Fund December 18, 2020 Pioneer Disciplined Growth Fund December 31, 2020 Pioneer Disciplined Value Fund December 31, 2020 Pioneer Global Equity Fund December 31, 2020 Pioneer Corporate High Yield Fund December 31, 2020 Pioneer Short Term Income Fund December 31, 2020 The fund has entered into an agreement with The Bank of New York Mellon (“BNY Mellon”), 225 Liberty Street, New York, New York 10286, to serve as custodian of the fund's assets. The fund has also entered into an agreement with BNY Mellon to perform certain fund accounting and fund administration services for the fund. BBH will continue to provide the current services to the fund until the fund is fully converted to BNY Mellon, which is scheduled to occur in the fourth quarter of 2021. 32452-00-0321 ©2021 Amundi Distributor US, Inc. Underwriter of Pioneer mutual funds Member SIPC January 1, 2021 Pioneer Funds Supplement to the Prospectus, Summary Prospectus and Statement of Additional Information, as in effect and as may be amended from time to time, for: Fund Date of Prospectus Pioneer Strategic Income Fund February 1, 2020 Pioneer Emerging Markets Equity Fund February 1, 2020 Pioneer Equity Income Fund March 1, 2020 Pioneer Flexible Opportunities Fund March 1, 2020 Pioneer Floating Rate Fund March 1, 2020 (as revised March 10, 2020) Pioneer Global High Yield Fund March 1, 2020 Pioneer High Yield Fund March 1, 2020 Pioneer ILS Bridge Fund March 1, 2020 Pioneer ILS Interval Fund March 1, 2020 Pioneer Mid Cap Value Fund March 1, 2020 Pioneer International Equity Fund April 1, 2020 Pioneer Select Mid Cap Growth Fund April 1, 2020 Pioneer AMT-Free Municipal Fund April 1, 2020 Pioneer Fund May 1, 2020 Pioneer Real Estate Shares May 1, 2020 Pioneer Core Equity Fund May 1, 2020 Pioneer U.S. Government Money Market Fund May 1, 2020 Pioneer Multi-Asset Ultrashort Income Fund August 1, 2020 Pioneer Fundamental Growth Fund August 1, 2020 Pioneer Bond Fund November 1, 2020 Pioneer Securitized Income Fund December 1, 2020 Pioneer Balanced ESG Fund December 1, 2020 Pioneer Multi-Asset Income Fund December 1, 2020 Pioneer Solutions – Balanced Fund December 1, 2020 Pioneer High Income Municipal Fund December 18, 2020 Pioneer MAP-High Income Municipal Fund December 18, 2020 Pioneer Disciplined Growth Fund December 31, 2020 Pioneer Disciplined Value Fund December 31, 2020 Pioneer Global Equity Fund December 31, 2020 Pioneer Corporate High Yield Fund December 31, 2020 Pioneer Short Term Income Fund December 31, 2020 Effective January 1, 2021, Amundi Pioneer Asset Management. Inc., the investment adviser to the Pioneer funds, will change its name to Amundi Asset Management US, Inc. In addition, effective January 1, 2021, Amundi Pioneer Distributor, Inc., the funds’ distributor, will change its name to Amundi Distributor US, Inc. References to these entities throughout each fund’s prospectuses and statement of additional information are changed to reflect the new names on or after such date. 32395-00-0121 ©2021 Amundi Distributor US, Inc. Underwriter of Pioneer mutual funds Member SIPC Click here to view the Fund’s Summary Prospectus Click here to view the Fund’s Prospectus PIONEER SHORT TERM INCOME FUND 60 State Street Boston, Massachusetts 02109 Statement of Additional Information|December 31, 2020 This statement of additional information is not a prospectus. It should be read in conjunction with the fund’s Class A, Class C, Class C2, Class K and Class Y shares prospectus dated December 31, 2020, as supplemented or revised from time to time. A copy of the prospectus can be obtained free of charge by calling the fund at 1-800-225-6292 or by written request to the fund at 60 State Street, Boston, Massachusetts 02109. You can also obtain a copy of the prospectus from our website at: amundi.com/US. The fund’s financial statements for the fiscal year ended August 31, 2020, including the independent registered public accounting firm’s report thereon, are incorporated into this statement of additional information by reference. Contents Page 1. Fund history ........................................ 1 2. Investment policies, risks and restrictions................... 1 3. Trustees and officers .................................. 44 4. Investment adviser.................................... 54 5. Principal underwriter and distribution plan................. 56 6. Shareholder servicing/transfer agent ...................... 59 7. Custodian and sub-administrator......................... 59 8. Independent registered public accounting firm .............. 59 9. Portfolio management ................................. 59 10. Portfolio transactions .................................. 62 11. Description of shares .................................. 64 12. Salescharges........................................ 67 13. Redeeming shares .................................... 71 14. Telephone and online transactions ........................ 72 15. Pricingofshares...................................... 73 16. Tax status........................................... 74 17. Financial statements................................... 81 18. Annual fee, expense and other information ................. 82 19. Appendix A — Description of short-term debt, corporate bond and preferred stock ratings ............................. 86 20. Appendix B — Proxy voting policies and procedures.......... 90 Class A Shares Class C Shares Class C2 Shares Class K Shares Class Y Shares STABX PSHCX STIIX STIKX PSHYX 1. Fund history The fund is a diversified open-end management investment company. The fund was organized as a Delaware statutory trust on April 5, 2004 as Pioneer Short Term Bond Fund, and changed its name to Pioneer Short Term Income Fund on July 1, 2004. Amundi Asset Management US, Inc. (“Amundi US”) is the fund’s investment adviser. 2. Investment policies, risks and restrictions The prospectus presents the investment objective and the principal investment strategies and risks of the fund. This section supplements the disclosure in the fund’s prospectus and provides additional information on the fund’s investment policies or restrictions. Restrictions or policies stated as a maximum percentage of the fund’s assets are only applied immediately after a portfolio investment to which the policy or restriction is applicable (other than the limitations on borrowing and illiquid securities). Accordingly, any later increase or decrease in a percentage resulting from a change in values, net assets or other circumstances will not be considered in determining whether the investment complies with the fund’s restrictions and policies. Debt securities and related investments Debt securities rating information Investment grade debt securities are those rated “BBB” or higher by Standard & Poor’s Ratings Group (“Standard & Poor’s”) or the equivalent rating of other nationally recognized statistical rating organizations. Debt securities rated BBB are considered medium grade obligations with speculative characteristics, and adverse economic conditions or changing circumstances may weaken the issuer’s ability to pay interest and repay principal. Below investment grade debt securities are those rated “BB” and below by Standard & Poor’s or the equivalent rating of other nationally recognized statistical rating organizations. See “Appendix A” for a description of rating categories. The fund may invest in debt securities rated “D” or better, or comparable unrated securities as determined by Amundi US. Below investment grade debt securities or comparable unrated securities are commonly referred to as high yield bonds or “junk bonds” and are considered predominantly speculative and may be questionable as to principal and interest payments. Changes in economic conditions are more likely to lead to a weakened capacity to make principal payments and interest payments. The issuers of high yield securities also may be more adversely affected than issuers of higher rated securities by specific corporate or governmental developments. Such securities may also be impacted by the issuers’ inability to meet specific projected business forecasts. The amount of high yield securities outstanding has proliferated as an increasing number of issuers have used high yield securities for corporate financing. Factors having an adverse impact on the market value of lower quality securities will have an adverse effect on the fund’s net asset value to the extent that it invests in such securities. In addition, the fund may incur additional expenses to the extent it is required to seek recovery upon a default in payment
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