Building on our History of Responsible Investing

Morningstar Sustainability RatingsTM

With ESG considerations at the center of our proprietary research process, many of our funds have competitive Sustainability Ratings from Morningstar. 

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Morningstar Ratings | Sustainability Ratings

Morningstar
Sustainability RatingsTM

August 31, 2019

Environmental, Social and Governance (ESG) factors are fundamental to the investment decisions made across Amundi Pioneer’s family of mutual funds.


The Morningstar Sustainability RatingTM is intended to measure how well the companies of the securities within a fund’s portfolio are managing their environmental, social and governance risks and opportunities relative to the fund’s Morningstar category peers.

Sustainability Ratings

Universe /
% of AUM

Pioneer Core Equity Fund

Large Blend Category

1,440 / 92.38%

Pioneer Disciplined Growth Fund

Large Growth Category

1,394 / 94.39%

Pioneer Disciplined Value Fund

Large Value Category

1,221 / 90.27%

Pioneer Equity Income Fund

Large Value Category

1,221 / 99.54%

Pioneer Fund

Large Blend Category

1,440 / 95.84%

Pioneer Flexible Opportunities Fund

Tactical Allocation Category

272 / 81.02%

Pioneer Fundamental Growth Fund

Large Growth Category

1,394 / 96.95%

Pioneer International Equity Fund

Foreign Large Blend Category

733 / 95.46%



Morningstar Sustainability Ratings™ and Scores™
Sustainability Scores and Ratings as of August 31, 2019. Sustainalytics provides company-level analysis in the Morningstar's Sustainability Score. The Morningstar® Sustainability Rating is intended to measure the size of the equity market in their portfolio of environmental, social, and governance ("ESG") risks and opportunities related to the fund's Morningstar category peers. The Morningstar Sustainability Rating is a two-step process. ESG score from Sustainalytics¹ receives a Morningstar® Portfolio Sustainability Score™.

The Morningstar Sustainability Rating is then allotted to a Portfolio of Funds within Morningstar.

• High (highest 10%) • Above Average (next 22.5%) • Average (next 35%) • Below Average (next 22.5%) and • Low (lowest 10%)

The Morningstar Sustainability Rating is depicted by globe icons where High equals 5 globes and Low equals 1 globe. A Sustainability Rating is assigned to any fund that has more than half of its underlying assets rated by Sustainalytics and is within a Morningstar Category with at least 10 scored funds; therefore, the rating it is not limited to funds with explicit sustainable or responsible investment mandates. Morningstar updates its Sustainability Ratings monthly. Portfolios receive a Morningstar Portfolio Sustainability Score and Sustainability Rating one month and six business days after their reported as-of date based on the most recent portfolio. As part of the evaluation process, Morningstar uses Sustainalytics’ ESG scores from the same month as the portfolio as-of date.

Please click on http://corporate1.morningstar.com/SustainableInvesting for more detailed information about the Morningstar Sustainability Rating and its calculation.

¹Sustainalytics is an independent ESG and corporate governance research, ratings, and analysis firm and is not an affiliated company of Morningstar, Inc.

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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