Pioneer International Equity Fund
Data updated: 2025-04-29
C000011223 — Pioneer International Equity Fund. Developed ex-US Large Cap Blend / Core Equity · $818.30M AUM. Holdings, fees, performance and SEC filings.
C000011223 Fund Overview
Pioneer International Equity Fund is a US mutual fund managed by Pioneer Series Trust VIII, categorised as Developed ex-US 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 Series Trust VIII
- Category: Developed ex-US Large Cap Blend / Core Equity
- Assets under management: $818.30M
- 1-year return: 8.1%
- SEC CIK: 0000893660
- SEC series ID: S000004011
- Share class ID: C000011223
C000011223 Investment Objective and Strategy
Pioneer International Equity Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Pioneer Series Trust VIII.
Investment objective
Long-term capital growth.
Principal investment strategy
"Normally, the fund invests at least 80% of its total assets in equity securities of non-U.S. issuers. These issuers may be located in both developed and emerging markets. Under normal circumstances, the fund's assets will be invested in securities of companies domiciled in at least three different foreign countries. Generally, the fund's investments in any country are limited to 25% or less of its total assets. However, from time to time, the fund may invest more than 25% of its assets in issuers organized in Japan or the United Kingdom or in securities quoted or denominated in the Japanese yen, the British pound and the euro. The fund may invest without limitation in securities of emerging market issuers, but generally will not invest more than 25% of its total assets in securities of issuers located in any one emerging market country.
The fund considers emerging market issuers to include issuers organized under the laws of an emerging market country, issuers with a principal office in an emerging market country, issuers that derive at least 50% of their gross revenues or profits from goods or services produced in emerging markets or sales made in emerging markets, and emerging market governmental issuers. Emerging markets generally will include, but not be limited to, countries included in the Morgan Stanley Capital International (MSCI) Emerging + Frontier Markets Index. For purposes of the fund's investment policies, equity securities include common stocks and other equity instruments, such as funds that invest primarily in equity securities, depositary receipts, equity interests in real estate investment trusts (REITs), warrants, rights and preferred shares.
The fund may invest in initial public offerings of equity securities. The fund may also purchase and sell forward foreign currency exchange contracts in non-U.S. currencies in connection with its investments, including as a means of managing relative currency exposure. The fund may invest up to 20% of its total assets in debt securities of U.S. and non-U.S. issuers. The fund may invest up to 5% of its net assets in below investment grade debt securities (known as ""junk bonds""), including below investment grade convertible debt securities and securities of issuers that are in default. The fund may, but is not required to, use derivatives. The fund may use derivatives, including forward foreign currency exchange contracts, for a variety of purposes, including; in an attempt to hedge against adverse changes in the market prices 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 also may hold cash or other short-term instruments. The fund's investment adviser uses a value approach to select the fund's investments. The adviser seeks to identify securities that are selling at reasonable prices or substantial discounts to their underlying 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 and revenue growth, employing a bottom-up analytical style. In making that assessment, the adviser employs fundamental research and an evaluation of the issuer based on its financial statements and operations. The adviser focuses on the quality and price of individual issuers and securities.
The adviser generally sells a portfolio security when it believes that the security's market value reflects its intrinsic value. The adviser makes that determination based upon the same criteria it uses to select portfolio securities."
C000011223 Holdings
Top 10 holdings of Pioneer International Equity Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Crh PLC | 4.63% |
| Crh PLC | 4.63% |
| Sumitomo Mitsui Financial Grou | 3.70% |
| Sumitomo Mitsui Financial Grou | 3.70% |
| Sanofi SA | 3.40% |
| Sanofi SA | 3.40% |
| Bank of Ireland Group PLC | 3.37% |
| Bank of Ireland Group PLC | 3.37% |
| FinecoBank Banca Fineco SpA | 3.18% |
| FinecoBank Banca Fineco SpA | 3.18% |
C000011223 Portfolio Allocation
Asset-class allocation of Pioneer International Equity Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 194.0% |
| Cash & Equivalents | 5.1% |
C000011223 Performance
Total returns for C000011223 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 8.1% |
| 3 years (annualised) | 7.3% |
| 5 years (annualised) | 10.8% |
C000011223 Risk Information
Risk metrics for C000011223, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 13.1%
C000011223 Costs and Fees
C000011223 costs about $76 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.76%
- Gross expense ratio: 0.91%
- Portfolio turnover: 37%
- Brokerage commissions: 16.38 bps of average net assets (SEC N-CEN)
C000011223 Cashflows
Over the 12 months to 2025-02, Pioneer International Equity Fund had net inflows of $288.20M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2025-02 | $1.13M |
| 2025-01 | −$5.47M |
| 2024-12 | $50.12M |
| 2024-11 | $11.78M |
| 2024-10 | $25.77M |
| 2024-09 | $15.96M |
C000011223 Debt Constituents
No individual debt constituents are reported in Pioneer International Equity Fund's latest SEC N-PORT filing.
C000011223 Prospectus and SEC Filings
Official Pioneer International Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-03-25
- Prospectus (485BPOS) — filed 2024-03-28
- Prospectus (485BPOS) — filed 2023-03-28
- Portfolio holdings (N-PORT) — filed 2025-04-29
- Portfolio holdings (N-PORT) — filed 2025-01-24
- Portfolio holdings (N-PORT) — filed 2024-10-23
- Annual census (N-CEN) — filed 2025-02-12
- Annual census (N-CEN) — filed 2024-02-09
Related Funds
Other Developed ex-US 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.