Select your website

X

overview/highlights.xsl

    overview/strategy.xsl

    Fund Strategy

    The Fund seeks reasonable income and capital growth by investing primarily in the equity securities of U.S. companies. The Fund diversifies across all sectors of the S&P 500® Index using an actively managed, bottom-up approach that seeks under-valued, high quality stocks of well established companies in well established businesses.

    Diversification does not assure a profit or protect against loss.



    overview/mngmt.xsl

    Portfolio Management

      • Jeff Kripke, Portfolio Manager
      • Mr. Kripke, a Senior Vice President and Director of Core Value, US, joined Amundi Pioneer in 2015 and has been an investment professional since 1995.
      • John A. Carey, Portfolio Manager
      • Mr. Carey, a Managing Director and Director of Equity Income, US, joined Amundi Pioneer in 1979 and has been an investment professional since that time.
      • Walter Hunnewell, Jr., Portfolio Manager
      • Mr. Hunnewell, a Vice President, joined Amundi Pioneer in 2001 and has been an investment professional since 1985.

    Portfolio Management Perspective

    "We are long-term investors in high-quality large-cap companies. We seek to invest in companies with attractive long-term growth and income potential at points in time when their stocks are temporarily out of favor, possibly profiting both from the market's subsequently recognizing their value and the companies' own ability to create shareholder value."

    overview/footnotes.xsl

    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.
    overview/bankbox.xsl
    • 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 Amundi Pioneer 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.
    Individuals are encouraged to seek advice from their financial, legal, tax and other appropriate advisers before making any investment or financial decisions or purchasing any financial, securities or investment-related product or service, including any product or service described in these materials. Amundi Pioneer does not provide investment advice or investment recommendations.
    overview/mstarfootnotes.xsl
    perf/risk.xsl

    Risk Measures (5-Year)

    As of February 28, 2018

    As compared to the S&P 500 Index

    R-squared96.84
    Beta1.00
    Sharpe Ratio1.28
    Standard Deviation (Fund)9.95
    Standard Deviation (Benchmark)9.80
    Risk measures apply to Class A Shares only.
    Beta is a measure of the volatility of a fund relative to the overall market.
    R-squared represents the percentage of the portfolio's movements that can be explained by the general movements of the market.
    Standard Deviation is a statistical measure of the historic volatility of a portfolio.
    Sharpe Ratio - a measure of excess return per unit of risk, as defined by standard deviation. A higher Sharpe ratio suggests better risk-adjusted performance.

    Source: Morningstar.
    perf/performance.xsl

    Fund Performance

    10K chart
     

    Chart is for illustrative purposes. These results represent the percentage change in net asset value per share. Returns would have been lower had sales charges been reflected.

     
    For the most recent month-end performance results click here. Current performance may be lower or higher than the performance data quoted.


    The performance data quoted represents past performance, which is no guarantee of future results.
    Investment return and principal value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. All results are historical and assume the reinvestment of dividends and capital gains.



    Performance results reflect any applicable expense waivers in effect during the periods shown. Without such waivers, fund performance would be lower. Waivers may not be in effect for all funds. Certain fee waivers are contractual through a specified period. Otherwise, fee waivers can be rescinded at any time. See the prospectus and financial statements for more information.

    Average Annual Total Returns

    through February 28, 2018
     
    1-Year
    3-Year
    5-Year
    10-Year
    Since Inception
    Class A Shares (NAV)
    16.68%
    9.76%
    13.33%
    7.73%
    11.81%
    Class A Shares (POP)
    9.95%
    7.61%
    11.99%
    7.10%
    11.74%
    Class C Return If Held
    15.73%
    8.89%
    12.44%
    6.89%
    7.50%
    Class C Return If Redeemed
    15.73%
    8.89%
    12.44%
    6.89%
    7.50%
    Class R Return If Held
    16.12%
    9.30%
    12.89%
    7.38%
    11.76%
    Class R Return If Redeemed
    16.12%
    9.30%
    12.89%
    7.38%
    11.76%
    Class Y Shares (NAV)
    16.95%
    10.05%
    13.66%
    8.11%
    11.90%
    S&P 500 Index
    17.10%
    11.14%
    14.73%
    9.73%
    -
    Mstar Large Blend Cat. Avg.
    15.53%
    8.84%
    12.53%
    8.04%
    8.30%

    Average Annual Total Returns

    through December 31, 2017
     
    1-Year
    3-Year
    5-Year
    10-Year
    Since Inception
    Class A Shares (NAV)
    21.54%
    9.87%
    14.37%
    6.83%
    11.80%
    Class A Shares (POP)
    14.56%
    7.72%
    13.02%
    6.20%
    11.73%
    Class C Return If Held
    20.57%
    9.00%
    13.47%
    5.99%
    7.46%
    Class C Return If Redeemed
    20.57%
    9.00%
    13.47%
    5.99%
    7.46%
    Class R Return If Held
    20.99%
    9.42%
    13.93%
    6.48%
    11.76%
    Class R Return If Redeemed
    20.99%
    9.42%
    13.93%
    6.48%
    11.76%
    Class Y Shares (NAV)
    21.85%
    10.16%
    14.69%
    7.20%
    11.89%
    S&P 500 Index
    21.83%
    11.41%
    15.79%
    8.50%
    -
    Mstar Large Blend Cat. Avg.
    20.45%
    9.32%
    13.69%
    6.93%
    -

    Calendar Year Returns (Total Return)

    through February 28, 2018
     
    YTD
    2017
    2016
    2015
    2014
    Class A Shares at NAV
    2.12%
    21.54%
    9.60%
    -0.43%
    10.86%
    Class C Shares at NAV
    1.99%
    20.57%
    8.74%
    -1.23%
    10.04%
    Class R Shares at NAV
    2.04%
    20.99%
    9.12%
    -0.77%
    10.56%
    Class Y Shares at NAV
    2.16%
    21.85%
    9.86%
    -0.14%
    11.23%
    S&P 500 Index
    1.83%
    21.83%
    11.96%
    1.38%
    13.69%
    Mstar Large Blend Cat. Avg.
    1.17%
    20.45%
    10.06%
    -1.46%
    10.73%

    Class A Share (POP): Reflects deduction of maximum 5.75% sales charge.
    Class C Return if Redeemed: The performance of Class C shares does not reflect the 1% front-end sales charge in effect prior to February 1, 2004. If you paid a 1% sales charge, your returns would be lower than shown above. Class C Shares held for less than one year are subject to a 1% contingent deferred sales charge (CDSC).
    Class R Return if Redeemed: The performance of Class R shares for the period prior to the commencement of operations of Class R shares on 4/1/03 is based on the performance of Class A shares, reduced to reflect the higher distribution and service fees of Class R shares. For the period after April 1, 2003, the actual performance of Class R shares is reflected, which performance may be influenced by the smaller asset size of Class R shares compared to Class A shares. The performance of Class R shares does not reflect the 1% CDSC that was in effect prior to July 1, 2004.
    Performance for periods prior to the inception of Class Y Shares on 5/6/99 reflects the NAV performance of the Fund's Class A Shares. The performance does not reflect differences in expenses, including the 12b-1 fees applicable to Class A Shares. Since fees for Class A Shares are generally higher than those of Class Y, the performance shown for the Class Y Shares prior to their inception would have been higher. Class Y shares are not subject to sales charges and are available for limited groups of investors, including institutional investors.
    NAV results represent the percent change in net asset value per share. Returns would have been lower had sales charges been reflected. The Standard & Poor's 500® Index (the S&P 500) (benchmark) is a commonly used measure of the broad U.S. stock market. The Morningstar Large Blend Category Average measures the performance of large blend funds within the Morningstar universe. Indices are unmanaged and their returns assume reinvestment of dividends and, unlike fund returns, do not reflect any fees or expenses. You cannot invest directly in an index. Periods less than one year are actual, not annualized.
    perf/bankbox.xsl
    • 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 Amundi Pioneer 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.
    Individuals are encouraged to seek advice from their financial, legal, tax and other appropriate advisers before making any investment or financial decisions or purchasing any financial, securities or investment-related product or service, including any product or service described in these materials. Amundi Pioneer does not provide investment advice or investment recommendations.
    perf/mstarfootnotes.xsl
    holdings/portfolio.xsl

    Portfolio Allocation

    (% of Portfolio) as of February 28, 2018
    U.S. Equities98.2%
    Other1.8%
    holdings/topholdings.xsl

    Top Holdings

    (% of Portfolio) as of February 28, 2018
    1Alphabet, Inc.5.9%
    2Microsoft Corp.5.5%
    3JPMorgan Chase & Co.4.9%
    4Apple, Inc.4.7%
    5UnitedHealth Group, Inc.3.5%
    6Lowe's Companies, Inc.3.4%
    7Citigroup, Inc.3.4%
    8BERKSHIRE HATHAWAY INC CLASS B3.1%
    9Cisco Systems, Inc.2.9%
    10Waste Management, Inc.2.8%
     TOTAL 40.1%
    *The portfolio is actively managed and current fund information is subject to change. The holdings listed should not be considered recommendations to buy or sell any security.

    Click here for a full list of holdings.

    holdings/sectors.xsl

    Top Sectors

    (% of Portfolio) as of February 28, 2018
    1Information Technology29.1%
    2Financial17.1%
    3Health Care11.6%
    4Industrials11.2%
    5Consumer Discretionary10.1%
    6Consumer Staples5.8%
    7Energy5.6%
    8Materials4.3%
    9Telecommunication Services2.8%
    10Real Estate1.4%
     TOTAL 99.0%
    holdings/qualitydist.xslholdings/country.xslholdings/bankbox.xsl
    • 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 Amundi Pioneer 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.
    Individuals are encouraged to seek advice from their financial, legal, tax and other appropriate advisers before making any investment or financial decisions or purchasing any financial, securities or investment-related product or service, including any product or service described in these materials. Amundi Pioneer does not provide investment advice or investment recommendations.
    holdings/mstarfootnotes.xsl

    Daily Pricing

    prices/dailypricing.xsl
    Past performance is no guarantee of future results.Share price, yield and return will vary and you may have a gain or loss when you sell your shares.
    Y Shares are available only to investors eligible to invest in products at NAV (Net Asset Value).
    NAV returns do not reflect the deduction of sales charges which would lower returns.
    Call 1-800-225-6292 or visit the fund performance page for the most recent month-end performance results. Current performance may be lower or higher than the performance data quoted.
    The performance data quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost.

    Historical Pricing

    Click here for historical pricing.

    Distributions

    Click here for distributions.

    Sales Charges

    Trail fees are paid quarterly to qualifying dealers at a maximum rate of 0.25% on the net assets of your clients' accounts for all funds, with the exception of Pioneer Multi-Asset Ultrashort Income Fund A Shares, which pays 0.20%, and Pioneer Cash Reserves A Shares, which pays 0.05%.

    prices/bankbox.xsl
    • 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 Amundi Pioneer 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.
    Individuals are encouraged to seek advice from their financial, legal, tax and other appropriate advisers before making any investment or financial decisions or purchasing any financial, securities or investment-related product or service, including any product or service described in these materials. Amundi Pioneer does not provide investment advice or investment recommendations.
    prices/mstarfootnotes.xsl

    Literature

    literature/litfootnotes.xsl
    *SAI = Statement of Additional Information
    Printed copies can also be ordered by visiting Order Literature.
    If you have any questions, call our Sales Desk at 1-800-622-9876.
    All downloaded documents are in Adobe® Acrobat format. To view these documents, your computer must be equipped with the Adobe® Acrobat Reader, available free from Adobe: download Adobe Acrobat Reader.
    literature/bankbox.xsl
    • 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 Amundi Pioneer 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.
    Individuals are encouraged to seek advice from their financial, legal, tax and other appropriate advisers before making any investment or financial decisions or purchasing any financial, securities or investment-related product or service, including any product or service described in these materials. Amundi Pioneer does not provide investment advice or investment recommendations.
    literature/mstarfootnotes.xsl
    common/morningstar.xslcommon/fundfacts.xsl

    As of February 28, 2018

    Fund Facts
    CUSIP723682100723682308723682506723682407
    Nasdaq SymbolPIODXPCODXPIORXPYODX
    Inception Date/
    Performance Inception Date
    2/13/19287/1/19962/13/19282/13/1928
    Total Net Assets (millions)$4,783.1$87.8$51.5$89.1
    Initial Minimum Invest.$1,000$1,000$0$5,000,000
    Management Fee0.52%0.52%0.52%0.52%
    Gross Expense Ratio0.98%1.77%1.41%0.73%

    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.


    common/characters.xsl
    Portfolio Characteristics

    As of February 28, 2018

    Average P/E (Trailing)23.1
    Weighted Avg. Mkt. Capitalization (millions)$260,903
    Median Market Capitalization (millions)$87,896
    Total Holdings51
    Turnover58%

    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.


    USCEXP-2019-03-21-ADID-453072-CLC-1Y-T