Pioneer Fund

 

Pioneer Fund's portfolio managers integrate ESG analysis into their investment process by focusing on companies with sustainable business models and evaluating ESG-related risks. The Fund focuses on market leading companies with strong financial fundamentals that are trading below their intrinsic value.

 

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

A Track Record of Responsible Investing that Spans Over 90 Years

Since the Fund’s inception in 1928, we have invested in quality, sustainable businesses - from both a competitive and ESG perspective - that provide useful goods and services to society.

 

Socially Responsible Investing

For over 60 years, the portfolio managers have applied socially responsible investment screens to avoid tobacco, alcohol and gambling stocks. This style was built into the investment process by our founder Philip Carret. The current portfolio management team carries on this tradition.

Managing Risk

Fund managers focus on quality companies to help pursue the best opportunities for risk adjusted return over time. They define quality stocks as those which offer: a strong financial model, sustainable competitive advantages and shareholder orientation. Holding companies accountable for capital allocation and the sustainability of their business model is central to the Fund's investment process. 

Qualitative Research

The Fund seeks to include securities which offer attractive risk/reward ratio through analysis of industry structure, business outlook and financials. Focuses include profitability and growth, sustainable competitive advantages, and shareholder-friendly activity.

Active Management Outperformed Over the Long Term

Pioneer Fund has helped investors pursue their goals for over 90 years—through wars, recessions and a long list of other market highs and lows. In addition, the Fund has outpaced the popular investments shown here, as well as inflation, since its inception. 

Morningstar Ratings | Fundamental Growth Performance

Average Annual Total Returns as of 9/30/19

 

 

YTD

1-Year

3-Year

5-Year

10-Year

Since Inception
(2/13/1928)

A Share w/o sales charge

21.47%

8.40%

14.91%

10.73%

11.85%

11.78%

A Share w/ sales charge

14.49%

2.17%

12.67%

9.43%

11.19%

11.71%

S&P 500® Index

20.55%

4.25%

13.39%

10.84%

13.24%

9.84%

 

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.

With sales charge reflects deduction of maximum 5.75% sales charge. Performance without sales charge represents the percent change in net asset value per share. All results are historical and assume the reinvestment of dividends and capital gains. Other share classes are available for which performance and expenses will differ. 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.

Past performance is no guarantee of future results.

While equity investments offer a higher rate of return, they may be more volatile and riskier than fixed income investments. Corporate bonds offer a fixed principal value and a fixed rate of return if held to maturity. Government bonds and Treasury securities are guaranteed as to the timely payment of interest and principal; corporate bonds are not.

Please note, these results are not usual and investors should not expect similar results. S&P 500 data shown combines a number of indices. The 90-stock Composite was calculated from 1926 through February 1957 when S&P introduced the S&P 500 stock average including 425 industrials, 25 rails and 50 utilities, weighting the index substantially in favor of the industrials. S&P did not calculate the 500-stock index prior to March 1957, but used the old 90-share index (as well as the old 50 industrials, 20 rails and 20 utilities indices) to extend the data back to 1928. Corporate bonds represented by the US Long-Term Corporate Bond Index, government bonds by the US Long-Term Government Bond Index; treasuries by the US 30-Day T-Bill Index and inflation by the Consumer Price Index, which is a general measure of inflation. Indices are unmanaged and their returns assume reinvestment of dividends and, unlike mutual fund returns, do not reflect any fees or expenses associated with a mutual fund. It is not possible to invest directly in an index. The chart was prepared by Amundi Pioneer and is hypothetical, for illustrative purposes only. It does not represent the results of an investor’s actual experience with the Fund.

Source: Morningstar, Amundi Pioneer. Pioneer Fund’s A shares did not have an initial sales charge at inception. The initial sales charge on the A shares has varied throughout the Fund’s history and has sometimes been higher than the current initial sales charge of 5.75%. Keep in mind, the since inception results for Pioneer Fund are not usual and investors should not expect similar results. The results cover a lengthy time period where the effects of holding the Fund shares for the entire period and compounding had a material impact on the Fund’s return. It is important to note that there are no shareholders remaining from the Fund’s inception in 1928.

Fund Facts

Tickers, CUSIPs

Class A: PIODX, 723682100
Class C: PCODX, 723682308
Class R: PIORX, 723682506 
Class Y: PYODX,  723682407 

Investment Objective

Reasonable income and capital growth.

Benchmark

S&P 500 Index

Inception Date

2/13/1928

Overall Y Share Morningstar RatingTM

(out of 1,198 funds in the Large Blend Category)

Morningstar Sustainability RatingsTM

(out of 1,405 funds in the Large Blend Category
Based on 96.75% 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.

Portfolio Management Team

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.

Jeff Kripke
Senior Vice President, Portfolio Manager

John A. Carey
 Managing Director, Director of Equity Income, US, Portfolio Manager

Craig Sterling
Managing Director, Director of Core Equity & Head of Equity Research, US, Portfolio Manager

James Yu, CFA
Vice President,  Associate Portfolio Manager

Biography

Biography

Biography

Biography

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

Effective 7/31/19, Craig Sterling became a Portfolio Manager on the Fund, and James Yu became an Associate Portfolio Manager on the Fund.

A Word About Risk

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.

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