ESG Products

Fund Sustainability Ratings

Morningstar Ratings | Sustainability Ratings

Sustainability RatingsTM

October 31, 2021

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

713 / 89.47%

Pioneer Core Equity Fund

Large Blend Category

1,386 / 100%

Pioneer Disciplined Growth Fund

Large Growth Category

1,243 / 100%

Pioneer Fund

Large Blend Category

1,386 / 100%

Pioneer Fundamental Growth Fund

Large Growth Category

1,243 / 100%

Pioneer Global Sustainable Growth Fund

World Large Stock Category

358 / 98.41%

Pioneer Intrinsic Value Fund

Large Value Category

1,212 / 98.91%

Morningstar Sustainability RatingsTM and ScoresTM

Sustainalytics provides company-level analysis in the Morningstar's Sustainability Score. The Morningstar® Sustainability Rating is intended to measure the size of the equity market in their portfolio of environmental, social, and governance ("ESG") risks and opportunities related to the fund's Morningstar category peers. The Morningstar Sustainability Rating is a two-step process. ESG score from Sustainalytics¹ receives a Morningstar® Portfolio Sustainability ScoreTM.

The Morningstar Sustainability Rating is then allotted to a Portfolio of Funds within Morningstar. • High (highest 10%) • Above Average (next 22.5%) • Average (next 35%) • Below Average (next 22.5%) and • Low (lowest 10%) The Morningstar Sustainability Rating is depicted by globe icons where High equals 5 globes and Low equals 1 globe. 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. Morningstar updates its Sustainability Ratings monthly. Portfolios receive a Morningstar Portfolio Sustainability Score and Sustainability Rating one month and six business days after their reported as-of date based on the most recent portfolio. As part of the evaluation process, Morningstar uses Sustainalytics’ ESG scores from the same month as the portfolio as-of date.

Please click on for more detailed information about the Morningstar Sustainability Rating and its calculation.

¹Sustainalytics is a Morningstar company.

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.

Securities offered through Amundi Distributor US, Inc.
(Formerly Amundi Pioneer Distributor, Inc.)
60 State Street, Boston, MA. 02109.
Underwriter of Pioneer mutual funds, Member SIPC.

Not FDIC insured | May lose value | No bank guarantee