Amundi Pioneer has a long history of investing in sustainable businesses. Pioneer Fund, which dates back to 1928, is recognized as one of the first mutual funds to deploy socially responsible investment criteria, avoiding companies in the alcohol, tobacco and gaming industries for much of its history.*
AMUNDI PIONEER ADVISORY
Pioneer Mutual Funds – Enhancements to Environmental, Social and Governance (ESG) Investing
Amundi Pioneer has a long history of investing in sustainable businesses. Pioneer Fund, which dates back to 1928, is recognized as one of the first mutual funds to deploy socially responsible investment criteria, avoiding companies in the alcohol, tobacco and gaming industries for much of its history.* The firm believes that investing in companies with sustainable business models and strong competitive positions, at reasonable prices, can result in outperformance over the long-term.
Amundi Pioneer integrates ESG analysis into its investment process by focusing on companies with sustainable business models and evaluating ESG-related risks as part of our proprietary research recommendations used throughout the firm. Environmental assessment categories typically include climate change, natural resource use, waste management and environmental opportunities. Social assessment categories typically include human capital, product safety and social opportunities. Governance assessment categories typically include corporate governance, business ethics and government and public policy.
Pioneer Fund and Pioneer Classic Balanced Fund
Effective July 1, 2018 two Pioneer mutual funds – Pioneer Fund and Pioneer Classic Balanced Fund – will incorporate additional ESG criteria, via prospectus, as part of their focus on companies with sustainable business models and their evaluation of ESG-related risks in the security selection process. The Funds will generally exclude corporate issuers that do not meet or exceed minimum ESG standards, based on a system that uses ESG ratings provided by third parties or sources within the firm. When using ESG ratings to exclude corporate issuers and evaluating ESG issues generally, Amundi Pioneer considers ratings in the context of an issuer’s respective sector or industry. The Funds generally will not invest in companies significantly involved in certain business activities, including but not limited to, the production of alcohol, tobacco products, certain controversial military weapons, gambling (casinos and other gaming) businesses and certain coal-related firms.
The universe of potential investments available to each Fund will be more limited than for other funds that do not apply minimum ESG standards, which may mean forgoing investment opportunities available to other funds. However, we believe the strategy of seeking to identify companies with sustainable business models, combined with an assessment of ESG factors, provides potential return and risk benefits, including investment in issuers with fewer ESG-related risks. Further, in implementing its ESG approach, Amundi Pioneer focuses on investment considerations that relate to each Fund’s risk/reward profile, without sacrificing these considerations for other purposes.
Instituting these ESG exclusions will result in limited portfolio changes to Pioneer Fund and Pioneer Classic Balanced Fund.
If you have questions regarding these changes, please contact your financial advisor, visit us at amundipioneer.com or call 800-622-9876.
*Until July 1, 2018 the Fund was not bound by such criteria in the prospectus.
Investing in mutual funds involves significant risks. For complete information on the specific risks associated with each fund, please see the appropriate fund prospectus.
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.
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.
Amundi Pioneer Distributor, Inc., Member SIPC
60 State Street, Boston, Massachusetts 02109
©2018 Amundi Pioneer Asset Management
Head of the Americas, President and Chief Executive Officer of Amundi US, Inc.
Lisa M. Jones is Head of the Americas, President and Chief Executive Officer of Amundi US, Inc., the U.S. Division of Amundi Asset Management. She is Trustee of the Pioneer Funds, and President and[...]Read more
Director of Corporate Communications
About Amundi US
Amundi US is the US business of Amundi, Europe’s largest asset manager by assets under management and ranked among the ten largest globally. Boston is one of Amundi’s six main global investment hubs and offers a broad range of fixed-income, equity, and multi-asset investment solutions in close partnership with wealth management firms, distribution platforms, and institutional investors across the Americas, Europe, and Asia-Pacific.
With our financial and extra-financial research capabilities and long-standing commitment to responsible investment, Amundi is a key player in the asset management landscape. Amundi clients benefit from the expertise and advice of 5,400 employees in 35 countries. A subsidiary of the Crédit Agricole group and listed on the Paris stock exchange, Amundi currently manages approximately $2.01 trillion of assets.
Amundi, a Trusted Partner, working every day in the interest of our clients and society
1. Source: IPE “Top 500 Asset Managers” published in June 2022, based on assets under management as of 12/31/2021
2. Boston, Dublin, London, Milan, Paris, and Tokyo
3. Consolidated internal Amundi and Lyxor workforce as at 6/30/2022
4. Amundi data as of 6/30/22