• We believe that a fundamental value approach to equity investing, which selects higher quality securities selling at substantial discounts to their underlying values and hold these stocks until their intrinsic value is reflected in the marketplace, can produce competitive returns over time.
• The Strategy employs a bottom-up approach that seeks undervalued, higher quality stocks of well established companies.

Key features of our Pioneer US Large Cap Core Equity Strategy include:

• Fundamental, research-driven approach:  We focus on the research of securities, which offer attractive risk / reward ratio through analysis of industry structure, business outlook and financials.
• Focused on the long-term: Turnover has averaged less than 50% annually over the past 10 years.
• Socially responsible investing: For almost 60 years, the portfolio managers have socially responsible investment screens to avoid applied tobacco, alcohol and gambling stocks. This conscientious style was built into the investment process by Philip L. Carret, the founder of Pioneer Investments. The current portfolio management team carries on this tradition.
• Dependable results: The Strategy has paid an annual dividend² in every year since its inception.