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overview/highlights.xsl

    overview/strategy.xsl

    Fund Strategy

    The fund seeks long-term capital growth through an investment approach which includes fundamental and quantitative analysis, investing in a portfolio comprised primarily of U.S. large-cap growth stocks.



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    Portfolio Management

      • Craig Sterling, Portfolio Manager
      • Mr. Sterling, a Managing Director, Director of Core Equity and Head of Equity Research, US, joined Amundi Pioneer in 2015 and has been an investment professional since 1991.
      • Ace Savla, Portfolio Manager
      • Mr. Savla, a Vice President and Team Leader of U.S. Equity Quantitative Research, joined Amundi Pioneer in 2003 and has been an investment professional since that time.

    Portfolio Management Perspective

    "The true benefit of this Fund is that it combines focused fundamental and quantitative research, allowing us to better identify the most attractive growth investment opportunities which may offer the potential for superior returns over time."

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    A WORD ABOUT RISK

    The Fund invests in a limited number of securities and, as a result, the fund's performance may be more volatile than the performance of other funds holding more securities. 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. Investing in foreign and/or emerging market securities involves risks relating to interest rates, currency exchange rates, economic, and political conditions. 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.
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    • 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.
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    Risk Measures (5-Year)

    As of May 31, 2018

    As compared to the Russell 1000 Growth Index

    R-squared94.66
    Beta0.98
    Sharpe Ratio1.19
    Standard Deviation (Fund)10.63
    Standard Deviation (Benchmark)10.57
    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.
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    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.

     
    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 May 31, 2018
     
    1-Year
    3-Year
    5-Year
    10-Year
    Since Inception
    Class A Shares (NAV)
    16.22%
    10.17%
    13.24%
    9.74%
    9.41%
    Class A Shares (POP)
    9.53%
    8.02%
    11.91%
    9.09%
    8.90%
    Class C Return If Held
    15.37%
    9.28%
    12.31%
    -
    10.22%
    Class C Return If Redeemed
    15.37%
    9.28%
    12.31%
    -
    10.22%
    Class Y Shares (NAV)
    16.50%
    10.46%
    13.57%
    10.08%
    9.68%
    Russell 1000 Growth Index
    21.02%
    13.93%
    15.69%
    10.89%
    10.04%
    Mstar Large Growth Cat. Avg.
    19.79%
    11.51%
    13.72%
    8.75%
    8.16%

    Average Annual Total Returns

    through March 31, 2018
     
    1-Year
    3-Year
    5-Year
    10-Year
    Since Inception
    Class A Shares (NAV)
    19.41%
    10.44%
    13.86%
    10.25%
    9.35%
    Class A Shares (POP)
    12.53%
    8.28%
    12.51%
    9.60%
    8.83%
    Class C Return If Held
    18.52%
    9.53%
    12.90%
    -
    10.16%
    Class C Return If Redeemed
    18.52%
    9.53%
    12.90%
    -
    10.16%
    Class Y Shares (NAV)
    19.72%
    10.73%
    14.19%
    10.58%
    9.62%
    Russell 1000 Growth Index
    21.25%
    12.90%
    15.53%
    11.34%
    9.77%
    Mstar Large Growth Cat. Avg.
    20.38%
    10.54%
    13.61%
    9.21%
    7.89%

    Calendar Year Returns (Total Return)

    through May 31, 2018
     
    YTD
    2017
    2016
    2015
    2014
    Class A Shares at NAV
    3.68%
    26.26%
    3.82%
    3.00%
    14.00%
    Class C Shares at NAV
    3.45%
    25.21%
    2.90%
    2.10%
    13.04%
    Class Y Shares at NAV
    3.82%
    26.54%
    4.05%
    3.34%
    14.39%
    Russell 1000 Growth Index
    6.23%
    30.21%
    7.08%
    5.67%
    13.05%
    Mstar Large Growth Cat. Avg.
    6.79%
    27.84%
    3.19%
    3.57%
    10.07%

    Class A Share (POP): Reflects deduction of maximum 5.75% sales charge.
    Performance for periods prior to the inception of Class Y Shares on 7/31/08 reflects the NAV performance of the Fund's Class A Shares. The performance does not reflect differences in expenses, including the 12b-1 fees applicable to Class A Shares. Since fees for Class A Shares are generally higher than those of Class Y, the performance shown for the Class Y Shares prior to their inception would have been higher. 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. The Russell 1000 Growth Index (benchmark) measures the performance of large-cap U.S. growth stocks. The Morningstar Large Growth Category Average measures the performance of large growth funds 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.
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    holdings/portfolio.xsl

    Portfolio Allocation

    (% of Portfolio) as of May 31, 2018
    U.S. Equities90.8%
    International Equities5.5%
    Emerging Markets Equity3.7%
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    Top Holdings

    (% of Portfolio) as of May 31, 2018
    1Microsoft Corp.8.1%
    2The Home Depot, Inc.5.1%
    3ALPHABET INC CLASS A5.0%
    4Visa, Inc.4.4%
    5CDW Corp./DE4.4%
    6Costco Wholesale Corp.3.7%
    7Taiwan Semiconductor Manufacturing Co, Ltd. (A.D.R.)3.7%
    8BOOKING HOLDINGS INC3.3%
    9Humana, Inc.3.1%
    10Laboratory Corp of America Holdings3.0%
     TOTAL 43.8%
    *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.

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    Top Sectors

    (% of Portfolio) as of May 31, 2018
    1Information Technology45.3%
    2Consumer Discretionary16.4%
    3Health Care13.0%
    4Industrials12.5%
    5Consumer Staples5.1%
    6Financial4.0%
    7Materials3.7%
     TOTAL 100.0%
    holdings/qualitydist.xslholdings/country.xslholdings/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.
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    Daily Pricing

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    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.
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    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.
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    common/morningstar.xslcommon/fundfacts.xsl

    As of May 31, 2018

    Fund Facts
    CUSIP723922100723922308723922407
    Nasdaq SymbolPINDXINDCXINYDX
    Inception Date/
    Performance Inception Date
    12/15/20057/16/200812/15/2005
    Total Net Assets (millions)$1,197.1$23.0$49.1
    Initial Minimum Invest.$1,000$1,000$5,000,000
    Management Fee0.65%0.65%0.65%
    Gross Expense Ratio1.10%1.94%0.85%

    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.


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    Portfolio Characteristics

    As of May 31, 2018

    Average P/E (Trailing)22.6
    Weighted Avg. Mkt. Capitalization (millions)$207,184
    Median Market Capitalization (millions)$39,021
    Total Holdings44
    Turnover32%

    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.


    USCEXP-2019-03-21-ADID-452937-CLC-1Y-T