Looking for Growth, but Concerned About Volatile Markets?

 

Pioneer Fundamental Growth Fund

The Fund seeks long-term capital growth by investing primarily in US large capitalization companies. We believe investing in quality stocks at attractive valuations can generate attractive risk-adjusted returns over time.

High Quality Focus Mitigates Downside Risk

We believe a portfolio of companies that have sustainable competitive advantages, earn high returns on growth capital, demonstrate consistent growth and sell at a discount to their intrinsic value can outperform the broader market over time with less risk.

 

Sustainable competitive advantage

We look for companies with an economic moat, which creates a barrier to the competition and the potential for above average returns.

High returns on growth capital

Growth capital is capital a company uses to grow its business versus simply maintaining it. A high return on growth capital is an indication that a company is growing profitably and not simply for the sake of growth.

Consistent growth

A company must not only have a track record of growth, but also must be able to sustain it. We look for an identifiable tailwind, such as increased spending on pharmaceuticals due to an aging population.

Low Volatility with Attractive Risk-Adjusted Returns

For growth investors who fear the effects of volatile markets, Pioneer Fundamental Growth Fund has offered an attractive track record of risk and reward.

Morningstar Ratings | Fundamental Growth Performance

A Competitive Large Growth Performer

Average Annual Total Returns as of 6/30/19

 

 

YTD

1-Year

3-Year

5-Year

10-Year

 
Y Share

19.88%

14.80%

15.30%

12.08%

15.01%

Russell 1000® Growth Index (Benchmark)

21.49%

11.56%

18.07%

13.39%

16.28%

S&P 500® Index

18.54%

10.42%

14.19%

10.71%

14.70%

Morningstar Large Growth Category Average

21.11%

10.02%

16.97%

11.33%

14.71%

 

Gross expense ratio (Y): 0.77%.

Call 1-800-225-6292 or visit our 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.

Class Y shares are not subject to sales charges and are available for limited groups of investors, including institutional investors. Initial investments are subject to a $5 million investment minimum, which may be waived in some circumstances.

All results are historical and assume the reinvestment of dividends and capital gains. Performance for periods prior to the inception of Class Y shares (on 4/8/09) 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. Other share classes are available for which performance and expenses will differ.

Performance results reflects 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.

Fund Facts

Tickers, CUSIPs

Class A:  PIGFX, 723695102
Class C:  FUNCX, 723695300
Class K:  PFGKX, 723695706
Class A:  PFGRX, 723695508
Class Y:  FUNYX, 723695409

Investment Objective

Long-term capital growth

Inception Date

8/22/2002

Benchmark

Russell 1000® Growth Index

Overall Y Share Morningstar RatingTM

(out of 1243 funds in the Large Growth Category)

Morningstar Sustainability RatingsTM

(out of 1394 funds in the Large Growth Category
Based on 96.95% of AUM)

Morningstar Proprietary Risk-Adjusted Ratings Performance as of 9/30/2019 
Morningstar Sustainability Ratings as of 8/31/2019
For more information about Morningstar Star RatingsTM including methodology, visit our  Strength Across the Board  page. 
For more information about Morningstar Sustainability RatingsTM, please visit our  Sustainability Ratings  page.

 Portfolio Management Team

Pioneer Fundamental Growth Fund's investment team seeks out high quality companies with distinctive characteristics, subjects them to intensive fundamental research and carefully values their stocks while focusing on a long-term investment horizon. Co-portfolio managers, Andrew Acheson and Paul Cloonan, are jointly responsible for all decisions made relating to the management of the portfolio. However, they work closely with our Central Research Team of career analysts, who are sector specialists and average over 15 years of experience, sharing their investment research to identify potential investment opportunities.

Andrew Acheson
Managing Director 
Director of Growth, US
Portfolio Manager

Paul Cloonan, CFA
Senior Vice President
Portfolio Manager

Biography

Biography

Contact us to learn more! 1-800-622-9876

A Word About Risk:
Investing in foreign and/or emerging markets securities involves risks relating to interest rates, currency exchange rates, economic and political conditions. The Fund invests in a limited number of securities and, as a result, the Fund's performance may be more volatile than the performance of other funds holding more securities. 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.

Individuals are encouraged to seek advice on their financial, legal, and other appropriate securities, or any other relevant product or service. Amundi Pioneer does not provide investment advice or investment recommendations.

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 or summary prospectus and for information on any Pioneer fund, please download it from our  literature section.

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

Not FDIC insured | May lose value | No bank guarantee

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