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Effective October 1, 2018, Amundi Pioneer has reduced fees and expenses on this and certain other Pioneer mutual funds.

overview/highlights.xsl

    overview/strategy.xsl

    Fund Strategy

    The Fund seeks capital growth and current income through a diversified portfolio of equity securities and bonds. The strategy is designed to provide investors the potential growth and income that stocks and fixed-income securities can provide but with less volatility than an all-equity investment.
    Diversification does not assure a profit or protect against loss.



    overview/mngmt.xsl

    Portfolio Management

      • Walter Hunnewell, Jr., Portfolio Manager
      • Mr. Hunnewell is a Vice President.
      • Brad Komenda, Portfolio Manager
      • Mr. Komenda is a Senior Vice President and Deputy Director of Investment Grade Corporates.
      • Lawrence Zeno, Portfolio Manager
      • Mr. Zeno is a Vice President. Effective 6/8/18, Lawrence Zeno became a Portfolio Manager on the Fund.

    Portfolio Management Perspective

    "On the equity side, we employ a value bias fundamental driven approach to seek large capitalization companies with an emphasis on above average yield. The fixed-income component of the Fund contains a mix of all fixed-income sectors for income generation. We actively allocate assets between equity and debt, based on our assessment of current business, market and economic conditions."

    overview/footnotes.xsl

    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.
    overview/bankbox.xsl
    • Not FDIC insured
    • May lose value
    • No bank guarantee
    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 and for information on any Pioneer fund, please download from our web site.
    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.
    overview/mstarfootnotes.xsl

    About Morningstar Ratings:

    Ratings are based on past performance, which is no guarantee of future results. The Overall Morningstar RatingTM 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 Morningstar Category identifies funds based on their underlying portfolio holdings. Classifications are based on portfolio statistics and compositions over the past three years. For funds less than three years old, category classifications are based on life of the fund. Pioneer Classic Balanced Fund was rated exclusively against U.S.-domiciled allocation--50% to 70% equity funds as follows: 3, 4 and 4 stars among 691, 603 and 439 funds for the three-, five-, and 10-year periods ended 1/31/19, respectively. The Morningstar Rating is for Class A Shares only. Ratings may vary among share classes.
    Ratings 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. 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. ©2018 Morningstar, Inc. All Rights Reserved.
    perf/risk.xsl

    Risk Measures (5-Year)

    As of January 31, 2019

    As compared to the S&P 500 Index

    R-squared 95.47
    Beta 0.62
    Sharpe Ratio 0.77
    Standard Deviation (Fund) 7.15
    Standard Deviation (Benchmark) 11.25
    Risk measures apply to Class A Shares only.
    Beta is a measure of the volatility of a fund relative to the overall market.
    R-squared represents the percentage of the portfolio's movements that can be explained by the general movements of the market.
    Standard Deviation is a statistical measure of the historic volatility of a portfolio.
    Sharpe Ratio - a measure of excess return per unit of risk, as defined by standard deviation. A higher Sharpe ratio suggests better risk-adjusted performance.

    Source: Morningstar.
    perf/performance.xsl

    Fund Performance

    10K chart
     

    Chart is for illustrative purposes. These results represent the percentage change in net asset value per share. Returns would have been lower had sales charges been reflected.

    Pioneer Classic Balanced Fund was created through the reorganization of AmSouth Balanced Fund on September 23, 2005.

     
    For the most recent month-end performance results click here. 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. All results are historical and assume the reinvestment of dividends and capital gains.



    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.

    Average Annual Total Returns

    through January 31, 2019
    1-Year
    3-Year
    5-Year
    10-Year
    Since Inception
    Class A Shares (NAV)
    -2.35%
    7.97%
    6.19%
    10.08%
    7.82%
    Class A Shares (POP)
    -6.74%
    6.33%
    5.22%
    9.56%
    7.64%
    Class C Return If Held
    -3.06%
    7.17%
    5.39%
    9.19%
    5.49%
    Class C Return If Redeemed
    -3.06%
    7.17%
    5.39%
    9.19%
    5.49%
    Class K Shares (NAV)
    -2.07%
    8.29%
    6.37%
    10.17%
    7.86%
    Class R Return If Held
    -2.58%
    7.78%
    6.05%
    10.01%
    7.80%
    Class R Return If Redeemed
    -2.58%
    7.78%
    6.05%
    10.01%
    7.80%
    Class Y Shares (NAV)
    -2.05%
    8.20%
    6.43%
    10.39%
    7.98%
    S&P 500 Index
    -2.31%
    14.02%
    10.96%
    15.00%
    9.68%
    BBG Barc US Govt/Credit Index
    1.93%
    2.11%
    2.47%
    3.74%
    5.55%
    Mstar Allocation--50% to 70% Equity Cat. Avg.
    -3.26%
    7.77%
    5.00%
    8.95%
    6.78%

    Average Annual Total Returns

    through December 31, 2018
    1-Year
    3-Year
    5-Year
    10-Year
    Since Inception
    Class A Shares (NAV)
    -4.61%
    5.15%
    4.96%
    9.04%
    7.65%
    Class A Shares (POP)
    -8.91%
    3.56%
    4.00%
    8.54%
    7.47%
    Class C Return If Held
    -5.31%
    4.39%
    4.16%
    8.17%
    5.27%
    Class C Return If Redeemed
    -5.31%
    4.39%
    4.16%
    8.17%
    5.27%
    Class K Shares (NAV)
    -4.45%
    5.41%
    5.12%
    9.12%
    7.68%
    Class R Return If Held
    -4.83%
    4.96%
    4.83%
    8.97%
    7.63%
    Class R Return If Redeemed
    -4.83%
    4.96%
    4.83%
    8.97%
    7.63%
    Class Y Shares (NAV)
    -4.41%
    5.35%
    5.21%
    9.34%
    7.81%
    S&P 500 Index
    -4.38%
    9.26%
    8.49%
    13.12%
    9.40%
    BBG Barc US Govt/Credit Index
    -0.42%
    2.19%
    2.53%
    3.46%
    5.52%
    Mstar Allocation--50% to 70% Equity Cat. Avg.
    -5.86%
    4.60%
    3.49%
    7.84%
    6.59%

    Calendar Year Returns (Total Return)

    through January 31, 2019
    YTD
    2018
    2017
    2016
    2015
    Class A Shares at NAV
    5.05%
    -4.61%
    15.00%
    5.97%
    -0.82%
    Class C Shares at NAV
    4.97%
    -5.31%
    14.18%
    5.21%
    -1.64%
    Class K Shares at NAV
    5.19%
    -4.45%
    15.47%
    6.16%
    -0.84%
    Class R Shares at NAV
    5.05%
    -4.83%
    14.84%
    5.80%
    -0.92%
    Class Y Shares at NAV
    5.14%
    -4.41%
    15.20%
    6.20%
    -0.53%
    S&P 500 Index
    8.01%
    -4.38%
    21.83%
    11.96%
    1.38%
    BBG Barc US Govt/Credit Index
    1.18%
    -0.42%
    4.00%
    3.05%
    0.15%
    Mstar Allocation--50% to 70% Equity Cat. Avg.
    5.62%
    -5.86%
    13.22%
    7.37%
    -1.98%

    Class A Share (POP): Reflects the deduction of maximum 4.50% sales charge. The performance of Class A shares of the Fund includes the performance of the AmSouth Balanced Fund’s (the predecessor Fund) Class A shares, prior to reorganization, which has been restated to reflect differences in applicable sales charge, but not differences in expenses. If the performance of the Fund's Class A shares had been adjusted to reflect all differences in expenses, the performance would be different.
    The performance of Class C shares of the Fund includes the performance of the AmSouth Balanced Fund’s (the predecessor Fund) Class B shares, adjusted to reflect differences in sales charges applicable to Class C, but not other differences in expenses. If the performance of the Fund's Class C shares had been adjusted to reflect all differences in expenses, the performance would be different.  Class C shares performance inception 9/3/97.
    The performance shown for Class K shares for the period prior to the commencement of operations on December 1, 2015, is the NAV performance of the Fund’s Class A shares, which has not been restated to reflect any differences in expenses, including applicable Rule 12b-1 fees. Since fees for Class A shares generally are higher than those of Class K shares, the performance of Class K shares prior to their inception on December 1, 2015, would have been higher than the performance shown. For the period beginning December 1, 2015, the actual performance of Class K shares is reflected. Class K shares are not subject to sales charges and are available for limited groups of eligible investors, including institutional investors.
    The performance shown for Class R shares for the period prior to the commencement of operations of Class R shares on July 1, 2015, is the NAV  performance of the Fund’s Class A shares, which has not been restated to reflect any differences in expenses, including Rule 12b-1 fees applicable to Class A shares. Since fees for Class A shares generally are higher than those of Class R shares, the performance of Class R shares prior to their inception would have been higher than the performance shown. For the period beginning July 1, 2015, the actual performance of Class R shares is reflected. Class R shares are not subject to sales charges and are available for limited groups of eligible investors, including institutional investors.
    Pioneer Classic Balanced Fund was created through the reorganization of AmSouth Balanced Fund on September 26, 2005. The performance of Class A shares of the Fund includes the performance of the predecessor Fund AmSouth Balanced Fund’s (inception date 12/19/91) Class A shares, prior to reorganization, which has been restated to reflect differences in applicable sales charge, but not differences in expenses. If the performance of the Fund’s Class A shares had been adjusted to reflect all differences in expenses, the performance would be different. Performance of Class Y shares of the Fund prior to inception on 9/26/2005 reflects the net asset value performance of the predecessor fund’s Class I shares prior to the reorganization, which has not been restated to reflect differences in expenses. If differences in expenses had been reflected, performance would have been lower. Class Y shares are not subject to sales charges and are available for limited groups of investors, including institutional investors.
    NAV results represent the percent change in net asset value per share. Returns would have been lower had sales charges been reflected. The Standard & Poor's 500® Index (the S&P 500) (benchmark) is a commonly used measure of the broad U.S. stock market. The Bloomberg Barclays Government/Credit Bond Index (benchmark) measures the performance of debt obligations of the U.S. government agencies and investment-grade domestic corporate debt. The Morningstar Allocation 50% to 70% Equity Category Average measures the performance of allocation funds with equity exposure between 50% to 70% within the Morningstar universe. 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.
    perf/bankbox.xsl
    • Not FDIC insured
    • May lose value
    • No bank guarantee
    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 and for information on any Pioneer fund, please download from our web site.
    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.
    perf/mstarfootnotes.xsl

    About Morningstar Ratings:

    Ratings are based on past performance, which is no guarantee of future results. The Overall Morningstar RatingTM 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 Morningstar Category identifies funds based on their underlying portfolio holdings. Classifications are based on portfolio statistics and compositions over the past three years. For funds less than three years old, category classifications are based on life of the fund. Pioneer Classic Balanced Fund was rated exclusively against U.S.-domiciled allocation--50% to 70% equity funds as follows: 3, 4 and 4 stars among 691, 603 and 439 funds for the three-, five-, and 10-year periods ended 1/31/19, respectively. The Morningstar Rating is for Class A Shares only. Ratings may vary among share classes.
    Ratings 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. 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. ©2018 Morningstar, Inc. All Rights Reserved.
    holdings/portfolio.xsl

    Portfolio Allocation

    (% of Portfolio) as of January 31, 2019
    U.S. Equities 61.8%
    Collateralized Mortgage Obligations 11.5%
    U.S. Corporate Bonds 8.5%
    U.S. Government Securities 8.1%
    International Corporate Bonds 3.6%
    Other 6.6%
    holdings/topholdings.xsl

    Top Holdings

    (% of Portfolio) as of January 31, 2019
    1 Microsoft Corp. 3.9%
    2 Cisco Systems, Inc. 3.2%
    3 Alphabet, Inc. 3.1%
    4 Amazon.com, Inc. 2.3%
    5 Apple, Inc. 2.1%
    6 CME Group, Inc. 2.1%
    7 KAR Auction Services, Inc. 1.8%
    8 The Procter & Gamble Co. 1.6%
    9 Motorola Solutions, Inc. 1.5%
    10 AT&T, Inc. 1.5%
     TOTAL 23.1%
    *The portfolio is actively managed and current fund information is subject to change. The holdings listed should not be considered recommendations to buy or sell any security.

    Click here for a full list of holdings.

    holdings/sectors.xsl

    Top Sectors

    (% of Portfolio) as of January 31, 2019
    1 Financial 33.0%
    2 Information Technology 14.1%
    3 Consumer Discretionary 10.2%
    4 Health Care 9.9%
    5 Communication Services 7.7%
    6 Industrials 7.6%
    7 Energy 5.6%
    8 Consumer Staples 4.1%
    9 Materials 2.7%
    10 Real Estate 1.8%
     TOTAL 96.7%
    holdings/qualitydist.xsl holdings/country.xsl holdings/bankbox.xsl
    • Not FDIC insured
    • May lose value
    • No bank guarantee
    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 and for information on any Pioneer fund, please download from our web site.
    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.
    holdings/mstarfootnotes.xsl

    About Morningstar Ratings:

    Ratings are based on past performance, which is no guarantee of future results. The Overall Morningstar RatingTM 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 Morningstar Category identifies funds based on their underlying portfolio holdings. Classifications are based on portfolio statistics and compositions over the past three years. For funds less than three years old, category classifications are based on life of the fund. Pioneer Classic Balanced Fund was rated exclusively against U.S.-domiciled allocation--50% to 70% equity funds as follows: 3, 4 and 4 stars among 691, 603 and 439 funds for the three-, five-, and 10-year periods ended 1/31/19, respectively. The Morningstar Rating is for Class A Shares only. Ratings may vary among share classes.
    Ratings 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. 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. ©2018 Morningstar, Inc. All Rights Reserved.

    Daily Pricing

    prices/dailypricing.xsl
    Past performance is no guarantee of future results.Share price, yield and return will vary and you may have a gain or loss when you sell your shares.
    Y Shares are available only to investors eligible to invest in products at NAV (Net Asset Value).
    NAV returns do not reflect the deduction of sales charges which would lower returns.
    Call 1-800-225-6292 or visit the fund 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.

    Historical Pricing

    Click here for historical pricing.

    Distributions

    Click here for distributions.

    Sales Charges

    Trail fees are paid quarterly to qualifying dealers at a maximum rate of 0.25% on the net assets of your clients' accounts for all funds, with the exception of Pioneer Multi-Asset Ultrashort Income Fund A Shares, which pays 0.20%, and Pioneer Cash Reserves A Shares, which pays 0.05%.

    prices/bankbox.xsl
    • Not FDIC insured
    • May lose value
    • No bank guarantee
    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 and for information on any Pioneer fund, please download from our web site.
    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.
    prices/mstarfootnotes.xsl

    About Morningstar Ratings:

    Ratings are based on past performance, which is no guarantee of future results. The Overall Morningstar RatingTM 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 Morningstar Category identifies funds based on their underlying portfolio holdings. Classifications are based on portfolio statistics and compositions over the past three years. For funds less than three years old, category classifications are based on life of the fund. Pioneer Classic Balanced Fund was rated exclusively against U.S.-domiciled allocation--50% to 70% equity funds as follows: 3, 4 and 4 stars among 691, 603 and 439 funds for the three-, five-, and 10-year periods ended 1/31/19, respectively. The Morningstar Rating is for Class A Shares only. Ratings may vary among share classes.
    Ratings 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. 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. ©2018 Morningstar, Inc. All Rights Reserved.

    Literature

    literature/litfootnotes.xsl
    *SAI = Statement of Additional Information
    Printed copies can also be ordered by visiting Order Literature.
    If you have any questions, call our Sales Desk at 1-800-622-9876.
    All downloaded documents are in Adobe® Acrobat format. To view these documents, your computer must be equipped with the Adobe® Acrobat Reader, available free from Adobe: download Adobe Acrobat Reader.
    literature/bankbox.xsl
    • Not FDIC insured
    • May lose value
    • No bank guarantee
    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 and for information on any Pioneer fund, please download from our web site.
    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.
    literature/mstarfootnotes.xsl

    About Morningstar Ratings:

    Ratings are based on past performance, which is no guarantee of future results. The Overall Morningstar RatingTM 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 Morningstar Category identifies funds based on their underlying portfolio holdings. Classifications are based on portfolio statistics and compositions over the past three years. For funds less than three years old, category classifications are based on life of the fund. Pioneer Classic Balanced Fund was rated exclusively against U.S.-domiciled allocation--50% to 70% equity funds as follows: 3, 4 and 4 stars among 691, 603 and 439 funds for the three-, five-, and 10-year periods ended 1/31/19, respectively. The Morningstar Rating is for Class A Shares only. Ratings may vary among share classes.
    Ratings 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. 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. ©2018 Morningstar, Inc. All Rights Reserved.
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    Overall A Share Morningstar RatingTM




    (out of 691 funds in the Allocation--50% to 70% Equity Category)


    Morningstar proprietary ratings reflect risk-adjusted performance as of 1/31/19

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    As of January 31, 2019

    Fund Facts
    CUSIP 72387P10672387P30472387P57772387P58572387P403
    Nasdaq Symbol AOBLXPCBCXPCBKXCBPRXAYBLX
    Inception Date/
    Performance Inception Date
    12/19/19919/3/19979/26/200512/19/199112/19/1991
    Total Net Assets (millions) $192.9$42.1$.3$1.1$29.4
    Initial Minimum Invest. $1,000$1,000$5,000,000$0$5,000,000
    Management Fee 0.50%0.50%0.50%0.50%0.50%
    Expense Ratio (Gross) 1.07%1.80%0.75%1.47%0.83%
    Expense Ratio (Net) 1.03%1.80%0.75%1.34%0.69%

    Initial minimum investment amounts for retirement plans are lower.
    *Class Y shares are not subject to sales charges and are available for limited groups of investors, including institutional investors.
    The Net Expense Ratio reflects contractual expense limitations currently in effect through 12/1/2019, 12/1/2019 and 12/1/2019 for Class A, R and Y Shares, respectively. There can be no assurance that Amundi Pioneer will extend the expense limitations beyond such time. Please see the prospectus and financial statements for more information.


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    Portfolio Characteristics

    As of January 31, 2019

    Average P/E (Trailing) 17.7
    Weighted Avg. Mkt. Capitalization (millions) $220,425
    Median Market Capitalization (millions) $34,367
    Total Holdings 482
    Turnover 65%

    P/E refers to the price of a stock divided by its earnings per share. Reflects weighted average of trailing 12-month price-to-earnings ratios of portfolio holdings. Average P/E ratio (Forecast) is the current price of a stock divided by the estimated one year projection of its earnings per share.
    Market Capitalization reflects the total U.S.-denominated portion of the portfolio.
    Turnover Ratio is the percentage of a fund's assets that have changed over a given period, usually a year. Mutual funds with higher turnover ratios tend to have higher expenses.


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