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global-equity-chapter


What Makes This Fund Different?

  • Focus on quality and active management – We believe quality companies with sustainable competitive advantages can outperform their peers.  By taking active positions in the securities we own, we seek to differentiate ourselves versus the Fund’s benchmark and Morningstar peer group.
  • Integrated investment approach – The Fund combines quantitative screening with bottom-up  fundamental analysis and top-down macroeconomic themes, seeking to maximize risk-adjusted returns.
  • Comprehensive risk management – The Fund limits individual position size, sector weights, tracking error and other risk factors during the portfolio construction process.
  • Experienced investment team – The Fund’s management team has average industry experience of more than 20 years.

Why Does Active Share Matter?

Active share reflects the percentage of stock holdings in a fund’s portfolio that differ from the benchmark index. A higher active share increases the opportunity for the team’s insights to have a meaningful impact on performance relative to the benchmark.

 

By diversifying our active share across companies, sectors and countries, we minimize the risk that any one event will significantly detract from performance. 

 

Pioneer Global Equity Fund

focus-on-active-management
About Morningstar Ratings:
The Overall Morningstar Rating™ is based on a weighted average of the star ratings assigned to a fund's three, five, and ten year (as applicable) time periods. The ratings and rankings are for Class Y shares only.
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Morningstar Ratings and Rankings for all Periods Among 727 World Stock Funds
as of 7/31/18

 
  Class Y
  Rating Ranking
 
3-year 51% (346/727)
5-year 25% (146/601)
10-year 50% (272/512)
 

 

Call 1-800-225-6292 or visit our performance page for the most recent performance results.

 

Ratings and rankings are based on past performance, which is no guarantee of future results. Star ratings do not reflect the effect of any applicable sales load. The Morningstar RatingTM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Rankings are based on average annual total returns for listed periods and do not reflect any applicable sales load.

The following copyright pertains only to Morningstar information. The Morningstar information contained herein 1) is proprietary to Morningstar; 2) may not be copied; and 3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. ©2017 Morningstar, Inc. All Rights Reserved.

A Word About Risk:
Investing in foreign and/or emerging market securities involves risks relating to interest rates, currency exchange rates, economic, and political conditions. The fund is subject to currency risk, meaning that the fund could experience losses based on changes in the exchange rate between non-U.S. currencies and the U.S. dollar. Investing in small and mid-sized companies may offer the potential for higher returns, but are also subject to greater short-term price fluctuations than larger, more established companies. 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. The Fund may use derivatives, such as options, futures, inverse floating rate obligations, swaps, and others, which can be illiquid, may disproportionately increase losses, and have a potentially large impact on Fund performance. Derivatives may have a leveraging effect on the Fund. 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.

The Morgan Stanley Capital International (MSCI) World Index
(benchmark) measures the performance of stock markets in the developed world. The Lipper Global Large Cap Core Funds Average represents the average annual returns for all Global Large Cap Core funds for the respective time periods. Indices are unmanaged and their returns assume reinvestment of dividends and, unlike fund returns, do not reflect any fees or expenses. You cannot invest directly in an index. Periods less than one year are actual, not annualized. The MSCI information may only be used for your internal use, may not be reproduced or redisseminated in any form and may not be used as a basis for or a component of any financial instruments or products or indices. None of the MSCI information is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. The MSCI information is provided on an "as is" basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the "MSCI Parties") expressly disclaims all warranties (including, without limitation, any warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages. (www.mscibarra.com)
Individuals are encouraged to seek advice from their financial, legal, tax and other appropriate advisers before making any investment or financial decisions or purchasing any financial, securities or investment-related product or service, including any product or service described in these materials. Amundi Pioneer does not provide investment advice or investment recommendations
USCEXP-2019-6-14-ADID-527217-CLC-1Y-T
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Morningstar Rankings

Overall Y Share
Morningstar Rating™

(Out of 727 funds in the World Stock Category)

Morningstar proprietary ratings reflect risk-adjusted performance as of 7/31/18

 

Fund Facts

Tickers, CUSIPs
Class A: GLOSX, 72387N705
Class C: GCSLX, 72387N887
Class Y: PGSYX, 72387N788

 

Goal
Seeks long-term capital growth.

 

Approach
Pursues attractive risk-adjusted returns using an opportunistic approach to invest in high quality companies, globally.

 

Inception Date
December 15, 2005

 

Benchmark
MSCI World Index

 

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

Related Resources

Untitled Document Portfolio Management

Marco Pirondini
Senior Managing Director
Head of Equities US
Portfolio Manager

biography »

 

 


David Glazer
Portfolio Manager

biography »