Pioneer Balanced ESG Fund

Pioneer Balanced ESG Fund* integrates environmental, social and governance (ESG) factors into a balanced portfolio of equity and fixed income securities. The Fund may be suitable for investors interested in an ESG portfolio that pursues income and long-term growth.

 

ESG Strategy: Pioneer Balanced ESG Fund pursues capital growth and current income by investing in companies that we believe have sustainable business models.

A Diversified1 ESG Fund that Seeks to Balance Risk and Potential Return

A blend of primarily large-cap, US equities and a broad range of fixed income asset classes helps pursue competitive performance while managing risk. Our investment teams also rely on the dedicated ESG resources of Amundi, one of the world’s leaders2 in responsible investing.

 

Sustainability Drives Performance

We believe businesses that are sustainable from an ESG, competitive and financial perspective can provide competitive performance over time.

A Diversified ESG Portfolio

A Fund that blends equities and fixed income can provide income and capital appreciation while seeking to mitigate risk if markets decline.

Building on a Legacy of ESG

Amundi Pioneer has employed sustainable investment practices for decades. Our founder, Philip Carret, believed companies that pursue practices harmful to society offer little, if any, intrinsic value for shareholders. This approach endures today, and is reflected in our ESG integrated investment process. 

*Effective September 1, 2019 the Fund changed its name from Pioneer Classic Balanced Fund to Pioneer Balanced ESG Fund.

1Diversification does not assure a profit or protect against loss.

2Amundi, Best Asset Manager for SRI/ESG: 1st place in the SRI & Sustainability ranking published by Extel, in 2015, 2016, 2017 and 2018 in the Asset Management Best Firms category for SRI/ESG. Scores are not performance based.       

Amundi, awarded once again in 2018 the top rating A+ for its Responsible Investment approach. Scores are not performance based.

ESG Considerations

Pioneer Balanced ESG Fund invests in sustainable companies at a reasonable price. The Fund generally does not invest in securities with low ESG rankings and companies significantly involved in:

Fund Facts

Tickers, CUSIPs

Class A: AOBLX, 72387P106 
Class C: PCBCX, 72387P304 
Class K: PCBKX, 72387P577 
Class R: CBPRX, Y72387P585 
Class Y: AYBLX, 72387P403 

Investment Objectives

Capital growth and current income

Benchmark

S&P 500 Index (Equity)
BBG Barc US Govt/Credit Index (Fixed Income)

Inception Date

12/19/1991

Overall Y Share Morningstar RatingTM

(out of 646 funds in the Allocation - 50% to 70% Equity Category)

Morningstar Sustainability RatingsTM

(out of 703 funds in the Allocation - 50% to 70% Equity Category)
Based on 73.76% of AUM)

Morningstar Proprietary Risk-Adjusted Ratings Performance as of 10/31/2019 
Morningstar Sustainability Ratings as of 9/30/2019
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.

Pioneer Balanced ESG Fund: On 9/1/2019, Pioneer Classic Balanced Fund was renamed Pioneer Balanced ESG Fund.

Portfolio Management Team

Portfolio managers use an integrated and research-intensive process, which blends top-down and bottom-up fundamental and quantitative inputs, to make asset allocation decisions. The portfolio managers leverage the vast resources of a global ESG investment firm in conducting their assessments, including Amundi's own internal ESG research team and ratings.

Walter Hunnewell, Jr.,
Vice President, Portfolio Manager

Brad Komenda, CFA,
Senior Vice President, Deputy Director of Investment Grade Corporates, Portfolio Manager

Lawrence Zeno,
Vice President,  Associate Portfolio Manager

Biography

Biography

Biography

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

A Word About Risk

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. Investments in the fund are subject to possible loss due to the financial failure of issuers of underlying securities and their inability to meet their debt obligations. Prepayment risk is the chance that an issuer may exercise its right to prepay its security, if falling interest rates prompt the issuer to do so. Forced to reinvest the unanticipated proceeds at lower interest rates, the fund would experience a decline in income and lose the opportunity for additional price appreciation. The securities issued by U.S. Government sponsored entities (i.e., FNMA, Freddie Mac) are neither guaranteed nor issued by the U.S. Government. The portfolio may invest in mortgage-backed securities, which during times of fluctuating interest rates may increase or decrease more than other fixed-income securities. Mortgage-backed securities are also subject to pre-payments. Investments in high yield or lower-rated securities are subject to greater-than-average price volatility, illiquidity and possibility of default. Investing in foreign and/or emerging market securities involves risks relating to interest rates, currency exchange rates, economic, and political conditions. 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. The Fund generally excludes corporate issuers that do not meet or exceed minimum ESG standards. Excluding specific issuers limits the universe of investments available to the Fund, which may mean forgoing some investment opportunities available to funds without similar ESG standards. 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.

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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