- Diversified large-cap equity portfolio of best ideas from Pioneer's sector and industry analysts
- Disciplined, valuation-oriented investment process that is actively and fundamentally research driven
- Managed by a team of experienced career research analysts, each specializing in specific sectors and industries
- Rigorous analysis based on proprietary financial models
- Accountability through portfolio management for the analysts
The Fund seeks long-term capital growth by investing primarily in U.S. large-cap equity securities and diversifying across a broad range of market sectors. It employs a valuation conscious approach, one that focuses on the quality and price of individual securities, while following a research-based investment strategy to select stocks with above average growth potential.
PORTFOLIO MANAGEMENT PERSPECTIVE
"We've designed this 'best ideas' fund to tap the expertise of Pioneer's industry and sector analysts. Detailed financial models, rigorous fundamental research, and valuation judgments drive stock selection while the portfolio is kept sector-neutral to the S&P 500 Index. Managers then choose securities that are highly ranked by the research team and selling at reasonable prices or substantial discounts to their underlying values."
A WORD ABOUT RISK
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.
As of October 31, 2015
|Overall Morningstar RatingTM|
|(out of 1372 funds in the Large Blend Category)|
Morningstar proprietary ratings reflect risk-adjusted performance as of 10/31/15
|Class||A Shares||C Shares||Y Shares*|
Performance Inception Date
|Total Net Assets (millions)||$1,506.6||$14.3||$62.1|
|Initial Minimum Invest. (A)||$1,000||$1,000||$5,000,000|
|Gross Expense Ratio||0.94%||1.81%||0.63%|
Initial minimum investment amounts for retirement plans are lower.
As of October 31, 2015
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.
Craig Sterling, Portfolio Manager
Mr. Sterling, a Senior Vice President and Head of Equity Research, U.S., joined Pioneer in May 2015. Effective May 29, 2015, Craig Sterling became a portfolio manager for the Fund.
John Peckham, Portfolio Manager
Mr. Peckham, a senior vice president, joined Pioneer in 2002 and has been an investment professional since that time.
James Moynihan, Portfolio Manager
Mr. Moynihan, a vice president and senior equity analyst, joined Pioneer in 2007 and has been an investment professional since 1986.
|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.