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Home Funds & Products Mutual Funds Printable Version

Pioneer Select Mid Cap Growth Fund


Strategy

FUND STRATEGY

The Fund seeks long-term capital growth by investing primarily in the equity securities of mid-size companies. The Fund's objective is to own higher-quality, sustainable growth companies that we believe have a competitive advantage and to buy them at the right price with a favorable risk/reward ratio.


PORTFOLIO MANAGEMENT PERSPECTIVE

"We focus on mid-cap companies with superior growth potential that can be best found in industries experiencing tailwinds. We are valuation-disciplined and buy stocks when we believe the risk/reward is most favorable." Ken Winston, Portfolio Manager

A WORD ABOUT RISK

Investments in mid-sized companies may offer the potential for higher returns, but are also subject to greater short-term price fluctuations than larger, more established companies. When interest rates rise, the prices of fixed-income securities in the Fund will generally fall. Conversely, when interest rates fall, the prices of fixed-income securities in the Fund will generally rise. The portfolio invests in REIT securities, the value of which can fall for a variety of reasons, such as declines in rental income, fluctuating interest rates, poor property management, environmental liabilities, uninsured damage, increased competition, or changes in real estate tax laws. Investing in foreign and/or emerging market securities involves risks relating to interest rates, currency exchange rates, economic, and political conditions. At times, the Fund's investments may represent industries or industry sectors that are interrelated or have common risks, making it more susceptible to any economic, political, or regulatory developments or other risks affecting those industries and sectors. These risks may increase share price volatility.


Fund Facts

As of May 31, 2016

ClassA SharesC SharesK SharesR SharesY Shares*
CUSIP72387W40872387W60672387W72172387W73972387W762
Nasdaq SymbolPGOFXGOFCXPSMKXPGRRXGROYX
Inception Date/
Performance Inception Date
6/30/19931/7/20026/30/19936/30/19936/23/2004
Total Net Assets (millions)$961.4$60.9$12.0$35.2$213.9
Initial Minimum Invest.$1,000$1,000$5,000,000$0$5,000,000
Management Fee0.60%0.60%0.60%0.60%0.60%
Gross Expense Ratio1.06%1.87%0.67%1.45%0.77%

Initial minimum investment amounts for retirement plans are lower.
*Class Y shares are not subject to sales charges and are available for limited groups of investors, including institutional investors.


Portfolio Characteristics

As of May 31, 2016

Average P/E (Trailing)44.4
Weighted Avg. Mkt. Capitalization (millions)$14,174
Median Market Capitalization (millions)$8,384
Total Holdings142
Turnover91%

P/E refers to the price of a stock divided by its earnings per share. Reflects weighted average of trailing 12-month price-to-earnings ratios of portfolio holdings. Average P/E ratio (Forecast) is the current price of a stock divided by the estimated one year projection of its earnings per share.
Market Capitalization reflects the total U.S.-denominated portion of the portfolio.
Turnover Ratio is the percentage of a fund's assets that have changed over a given period, usually a year. Mutual funds with higher turnover ratios tend to have higher expenses.


Portfolio Management


Ken Winston, Portfolio Manager
Mr. Winston, a vice president, joined Pioneer in 2007 and has been an investment professional since 1992.
Shaji John, Portfolio Manager
Mr. John, a vice president, joined Pioneer in 2011 and has been an investment professional since 1994.
David Sobell, Portfolio Manager
Mr. Sobell, a vice president, joined Pioneer in 2000 and has been an investment professional since 1992.
Effective April 22, 2016, David Sobell became a portfolio manager for the Fund.



Not FDIC insured May lose value No bank guarantee

Before investing, consider the product's investment objectives, risks, charges and expenses. Contact your advisor or Pioneer Investments for a prospectus or summary prospectus containing this information. Read it carefully. To obtain a free prospectus and for information on any Pioneer fund, please download from our web site.

Neither Pioneer, nor its representatives, are legal or tax advisors. In addition, Pioneer does not provide advice or recommendations. The investments you choose should correspond to your needs, goals, and risk tolerance. For assistance in determining your financial situation, please consult an investment professional.

 
 

Before investing, consider the product's investment objectives, risks, charges and expenses. Contact your advisor or Pioneer Investments for a prospectus or summary prospectus containing this information. Read it carefully. To obtain a free prospectus or summary prospectus and for information on any Pioneer fund, please download it here.

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Securities offered through Pioneer Funds Distributor, Inc., 60 State Street, Boston, MA. 02109. Underwriter of Pioneer mutual funds, Member SIPC © 2016 Pioneer Investments.