Strength Across The Board

Morningstar Ratings | Sustainability Ratings

Morningstar Sustainability RatingsTM

May 31, 2022

The Morningstar Sustainability RatingTM is intended to measure how well the companies of the securities within a fund’s portfolio are managing their environmental, social and governance risks and opportunities relative to the fund’s Morningstar category peers.

Sustainability Ratings

Universe /
% of AUM

Pioneer Balanced ESG Fund

Allocation - 50% to 70% Equity Category

775 / 88.33%

Pioneer Core Equity Fund

Large Blend Category

1,393 /99.28%

Pioneer Fund

Large Blend Category

1,393 / 100%

Pioneer Fundamental Growth Fund

Large Growth Category

1,274 / 100%

Pioneer Global Sustainable Growth Fund

Global Large-Stock Growth

376 / 99.10%



About Barron's Best Fund Families Rank
The 2021 Barron’s Best Fund Families List ranks the active management ability of qualifying companies. Rankings are based on the asset-weighted one-year returns as of 12/31/21, excluding 12b-1 fees and sales loads, of a company’s actively managed fund line up in five asset class categories: US Equity, World Equity, Mixed Asset, Taxable Bond, and Tax-Exempt Bond as determined by Barron’s. Overall ranking based on aggregate, weighted score across the five asset categories. To be included, firms must offer at least three actively managed mutual funds or active exchange-traded funds in Lipper’s general US stock category, plus one in world equity and one mixed-asset—such as balanced, or allocation fund. They also need to offer at least two taxable bond funds and one national tax-exempt bond fund. Performance data from Refinitiv Lipper. Past performance does not guarantee future results.

Morningstar Sustainability RatingsTM and ScoresTM

Sustainalytics is an independent ESG and corporate governance research, ratings, and analysis firm and is not an affiliated company of Morningstar, Inc.

The Morningstar Sustainability Rating™ is a monthly measure of how well the holdings in a portfolio are managing their environmental, social, and governance, or ESG, risks and opportunities relative to their Morningstar Category peers. Globe icons depict the Morningstar Sustainability Rating as follows: 5 globes (High); 4 globes (Above Average); 3 globes (Average); 2 globes (Below Average) and 1 globe (Low). Sustainalytics, a leading provider of ESG research, provides company-level analysis used in the calculation of Morningstar’s Sustainability Score. The Morningstar Sustainability Rating calculation is a two-step process. First, each fund with at least 50% of assets covered by a company-level ESG score from Sustainalytics receives a Morningstar® Portfolio Sustainability ScoreTM. The Morningstar Portfolio Sustainability Score is an asset-weighted average of normalized companylevel ESG scores with deductions made for controversial incidents by the issuing companies, such as environmental accidents, fraud, or discriminatory behavior. The Morningstar Sustainability Rating is then assigned to all scored funds within Morningstar Categories in which at least ten (10) funds receive a Portfolio Sustainability Score and is determined by each fund’s rank within the following distribution: High (highest 10%); Above Average (next 22.5%); Average (next 35%); Below Average (next 22.5%) and Low (lowest 10%). A Sustainability Rating is assigned to any fund that has more than half of its underlying assets rated by Sustainalytics and is within a Morningstar Category with at least 10 scored funds; therefore, the rating it is not limited to funds with explicit sustainable or responsible investment mandates.

Before investing, consider the product's investment objectives, risks, charges and expenses. Contact your financial professional or Amundi US for a prospectus or summary prospectus containing this information. Read it carefully. To obtain a free prospectus or summary prospectus and for information on any Pioneer fund, please download it from our  literature section.

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EXP-2023-05-27-ADID-2204122-1Y-T