Pioneer Equity Income Fund
Data updated: 2025-03-25
C000011065 — Pioneer Equity Income Fund. United States Large Cap Blend / Core Equity · $964.73M AUM. Holdings, fees, performance and SEC filings.
C000011065 Fund Overview
Pioneer Equity Income Fund is a US mutual fund managed by Pioneer Equity Income Fund, categorised as United States Large Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Pioneer Equity Income Fund
- Category: United States Large Cap Blend / Core Equity
- Assets under management: $964.73M
- 1-year return: 16.8%
- SEC CIK: 0000869356
- SEC series ID: S000003948
- Share class ID: C000011065
C000011065 Investment Objective and Strategy
Pioneer Equity Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Pioneer Equity Income Fund.
Investment objective
Current income and long-term growth of capital from a portfolio consisting primarily of income producing equity securities of U.S. corporations.
Principal investment strategy
"Normally, the fund invests at least 80% of its total assets in income producing equity securities of U.S. issuers. The income producing equity securities in which the fund may invest include common stocks, preferred stocks, funds that invest primarily in equity securities and equity interests in real estate investment trusts (REITs). The remainder of the fund may be invested in debt securities, most of which are expected to be convertible into common stocks. The fund may invest in initial public offerings of equity securities. The fund may invest up to 20% of its total assets in securities of non-U.S. issuers, including depositary receipts. The fund will not invest more than 5% of its total assets in the securities of emerging markets issuers. The fund may invest up to 20% of its net assets in REITs.
The fund also may invest in investment grade and below investment grade debt securities (known as ""junk bonds""). The fund may invest up to 10% of its net assets in junk bonds, including below investment grade convertible debt securities. The fund may, but is not required to, use derivatives, such as stock index futures and options. The fund may use derivatives for a variety of purposes, including; in an attempt to hedge against adverse changes in the market price of securities, interest rates or currency exchange rates; as a substitute for purchasing or selling securities; to attempt to increase the fund's return as a non-hedging strategy that may be considered speculative; to manage portfolio characteristics; and as a cash flow management technique. The fund may choose not to make use of derivatives for a variety of reasons, and any use may be limited by applicable law and regulations.
The fund may also hold cash or other short-term investments. The fund's investment adviser uses a value approach to select the fund's investments to buy and sell. The adviser seeks securities that are selling at substantial discounts to their underlying values and then holds these securities until the market values reflect their intrinsic values. The adviser evaluates a security's potential value, including the attractiveness of its market valuation, based on the company's assets and prospects for earnings growth. The adviser also considers a security's potential to provide a reasonable amount of income. In making these assessments, the adviser employs fundamental research and an evaluation of the issuer based on its financial statements and operations, employing a bottom-up analytic style, which focuses on specific securities rather than on industries.
The adviser generally sells a portfolio security when it believes that the security's market value reflects its underlying value."
C000011065 Holdings
Top 10 holdings of Pioneer Equity Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Wells Fargo & Co | 4.39% |
| Exxon Mobil Corp | 4.15% |
| IBM | 3.43% |
| Walt Disney Co/The | 3.31% |
| United Parcel Service Inc | 3.31% |
| Johnson & Johnson | 3.20% |
| JPMorgan Chase & Co | 2.99% |
| Bank of America Corp | 2.98% |
| 3M Co | 2.84% |
| Coterra Energy Inc | 2.84% |
C000011065 Portfolio Allocation
Asset-class allocation of Pioneer Equity Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.9% |
C000011065 Performance
Total returns for C000011065 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 16.8% |
| 3 years (annualised) | 5.7% |
| 5 years (annualised) | 8.3% |
C000011065 Risk Information
Risk metrics for C000011065, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 13.3%
C000011065 Costs and Fees
C000011065 costs about $100 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.00%
- Gross expense ratio: 1.00%
- Portfolio turnover: 59%
- Brokerage commissions: 6.98 bps of average net assets (SEC N-CEN)
C000011065 Cashflows
Over the 12 months to 2025-01, Pioneer Equity Income Fund had net outflows of $113.66M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2025-01 | −$35.82M |
| 2024-12 | −$48.12M |
| 2024-11 | $263.94M |
| 2024-10 | −$26.58M |
| 2024-09 | −$32.44M |
| 2024-08 | −$52.22M |
C000011065 Debt Constituents
No individual debt constituents are reported in Pioneer Equity Income Fund's latest SEC N-PORT filing.
C000011065 Prospectus and SEC Filings
Official Pioneer Equity Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-02-27
- Prospectus (485BPOS) — filed 2024-02-27
- Prospectus (485BPOS) — filed 2023-02-24
- Portfolio holdings (N-PORT) — filed 2025-03-25
- Portfolio holdings (N-PORT) — filed 2024-12-19
- Portfolio holdings (N-PORT) — filed 2024-09-23
- Annual census (N-CEN) — filed 2025-01-10
- Annual census (N-CEN) — filed 2024-01-12
Related Funds
Other United States Large Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.