Amundi Pioneer offers a wide range of funds that have earned high marks from Morningstar.

At Amundi Pioneer, strength begins with our consistent, structured investment process based on research, active portfolio management and a careful balance of risk and reward. The results speak for themselves. Please note that not all Pioneer funds are ranked 4 or 5 stars.

Morningstar Ratings | Strength Across the Board

Analyst RatingsTM

April 30, 2020

The Morningstar Analyst RatingTM
is a forward-looking assessment of a fund’s ability to outperform its peer group and/or relevant benchmark on a risk-adjusted basis over the long term. The Analyst Rating is not a predictor of results, and it is not meant to replace investors’ due-diligence process.

Analyst Ratings

Pioneer Bond Fund

Intermediate Core-Plus Bond Category

Pioneer Select Mid Cap Growth Fund

Mid-Cap Growth Category

Pioneer Strategic Income Fund

Multisector Bond Category

Morningstar Ratings | Sustainability Ratings

Sustainability RatingsTM

March 31, 2020

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 Balanced ESG Fund

Allocation - 50% to 70% Equity Category

705 / 77.45%

Pioneer Core Equity Fund

Large Blend Category

1,433 / 99.33%

Pioneer Disciplined Growth Fund

Large Growth Category

1,379 / 100.00%

Pioneer Disciplined Value Fund

Large Value Category

1,233 / 100.00%

Pioneer Fund

Large Blend Category

1,433 /100.00%

Pioneer Fundamental Growth Fund

Large Growth Category

1,379 / 100.00%

Pioneer International Equity Fund

Foreign Large Blend Category

790 / 98.70%

Pioneer Solutions - Balanced Fund

World Allocation Category

504 / 72.19%

The Morningstar Analyst Rating (i) should not be used as the sole basis in evaluating a fund, (ii) involves unknown risks and uncertainties which may cause Analyst expectations not to occur or to differ significantly from what they expected, and (iii) should not be considered an offer or solicitation to buy or sell the fund.
The Morningstar Analyst RatingTM is not a credit or risk rating. It is a subjective evaluation performed by Morningstar’s manager research group, which consists of various Morningstar, Inc. subsidiaries (“Manager Research Group”). In the United States, that subsidiary is Morningstar Research Services LLC, which is registered with and governed by the U.S. Securities and Exchange Commission. The Manager Research Group evaluates funds based on five key pillars, which are process, performance, people, parent, and price. The Manager Research Group uses this five pillar evaluation to determine how they believe funds are likely to perform relative to a benchmark, or in the case of exchange-traded funds and index mutual funds, a relevant peer group, over the long term on a riskadjusted basis. They consider quantitative and qualitative factors in their research, and the weight of each pillar may vary. The Analyst Rating scale is Gold, Silver, Bronze, Neutral, and Negative. A Morningstar Analyst Rating of Gold, Silver, or Bronze reflects the Manager Research Group’s conviction in a fund’s prospects for outperformance. Analyst Ratings ultimately reflect the Manager Research Group’s overall assessment, are overseen by an Analyst Rating Committee, and are continuously monitored and reevaluated at least every 14 months. For more detailed information about Morningstar’s Analyst Rating, including its methodology, please go to

Morningstar Sustainability Ratings™ and Scores™
Sustainability Scores and Ratings as of February 29, 2020. 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 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