Advisories and Notices

Portfolio Management Update - Pioneer Fundamental Growth

4/28/21,  by Amundi pays

AMUNDI US ADVISORY – PORTFOLIO MANAGEMENT UPDATE

April 28, 2021
AMUNDI US ADVISORY – PORTFOLIO MANAGEMENT UPDATE
Paul Cloonan has decided to leave the firm effective June 30. He has been a member of the portfolio management team managing Pioneer Fundamental Growth Fund since 2012. We greatly appreciate Paul’s contributions to the firm and our shareholders and clients.

Effective April 28, 2021, day-to-day management of the Fund’s portfolio is the responsibility of Andrew Acheson (lead) (portfolio manager of the Fund since 2007), Paul Cloonan (portfolio manager of the Fund since 2012); Yves Raymond (portfolio manager of the Fund since April 2021) and David Chamberlain (portfolio manager of the Fund since April 2021). The portfolio managers will continue to draw upon the research and investment management expertise of the research team, which provides fundamental and quantitative research on companies on a global basis and includes members from one or more of Amundi US’s affiliates. Andrew Acheson, a Managing Director and Director of Growth, U.S. of Amundi US, joined Amundi US as a portfolio manager in 1999 and has been an investment professional since 1994.

Yves Raymond, Vice President of Amundi US, joined Amundi US in 1999 as an analyst and most recently served as Senior Equity Analyst responsible for Software and Services, and as a Co-Portfolio Manager on an institutional large-cap growth equity portfolio. He has additional experience covering tech hardware, semiconductors and industrials. Prior to joining Amundi US, Yves was a consultant at Tecsult Ltd.

David Chamberlain, Vice President of Amundi US, joined Amundi US in 2018 as an analyst and most recently served as Senior Equity Analyst responsible for covering the financial sector. He has additional experience covering business services, healthcare IT, managed care, industrials, and payments/fintech. Prior to joining Amundi US, David was a senior analyst at Sapience Investments, LLC since 2016. Prior thereto, David was an equity analyst at Wells Fargo Asset Management since 2013.

A Word about Risk
The market prices of securities may go up or down, sometimes rapidly or unpredictably, due to general market conditions, such as real or perceived adverse economic, political, or regulatory conditions, recessions, inflation, changes in interest or currency rates, lack of liquidity in the bond markets, the spread of infectious illness or other public health issues or adverse investor sentiment. Investing in foreign and/or emerging markets securities involves risks relating to interest rates, currency exchange rates, economic, and political conditions. 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. 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.

Before investing, consider the product’s investment objectives, risks, charges and expenses. Contact your financial professional or Amundi Asset Management US for a prospectus or a summary prospectus containing this information. Read it carefully.

Individuals are encouraged to seek advice from their financial, legal, tax and other appropriate professionals 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 US does not provide investment advice or investment recommendations.