Pioneer Fundamental Growth Fund
Data updated: 2025-02-26
C000011602 — Pioneer Fundamental Growth Fund. United States Large Cap Growth Equity · $7.46B AUM. Holdings, fees, performance and SEC filings.
C000011602 Fund Overview
Pioneer Fundamental Growth Fund is a US mutual fund managed by Pioneer Series Trust X, categorised as United States Large Cap Growth 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 X
- Category: United States Large Cap Growth Equity
- Assets under management: $7.46B
- 1-year return: 16.5%
- SEC CIK: 0001174520
- SEC series ID: S000004137
- Share class ID: C000011602
C000011602 Investment Objective and Strategy
Pioneer Fundamental Growth Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Pioneer Series Trust X.
Investment objective
Long-term capital growth.
Principal investment strategy
"Normally, the fund invests at least 80% of its net assets (plus the amount of borrowings, if any, for investment purposes) in equity securities of large companies, that is, companies similar in size to issuers included in the Russell 1000 Growth Index. The Russell 1000 Growth Index (the ""index"") is a large capitalization index that measures the performance of those companies in the Russell 1000 Index with higher price-to-book ratios and higher forecasted growth values. On June 30, 2018, securities in the index had a market capitalization range from approximately $2.4 billion to approximately $910 billion. On June 30, 2018, the index had a median market capitalization of approximately $12.2 billion. The size of the companies in the index changes constantly as a result of market conditions and the composition of the index.
The fund's investments will not be confined to securities issued by companies included in the 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, warrants, rights, equity interests in real estate investment trusts (REITs) and preferred stocks. The fund primarily invests in securities of U.S. issuers. The fund may invest in securities of issuers in any industry or market sector. The fund may invest in fewer than 40 securities. 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. The fund will not invest more than 10% of its total assets in the securities of emerging markets issuers.
The fund may also invest in investment grade and 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, such as stock index futures and options, 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 ""growth"" style of management and seeks to invest in securities of issuers with above average potential for earnings and revenue growth. To select growth stocks, the adviser employs quantitative analysis, fundamental research, and an evaluation of the issuer based on its financial statements and operations, utilizing a bottom-up analytic style. Among other things, the adviser focuses on an issuer's deployment of capital and return on capital. The adviser relies on the knowledge, experience and judgment of its staff and the staff of its affiliates who have access to a wide variety of research. The adviser focuses on the quality and price of individual issuers, not on economic sector or market-timing strategies.
The adviser generally sells a portfolio security when it believes that the issuer no longer offers the potential for above average earnings and revenue growth or when the adviser no longer views the issuer's deployment of capital or return on capital as favorable. The adviser makes that determination based upon the same criteria it uses to select portfolio securities."
C000011602 Holdings
Top 10 holdings of Pioneer Fundamental Growth Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Amazon.com Inc | 7.79% |
| Microsoft Corp | 7.07% |
| Apple Inc | 5.58% |
| Mastercard Inc | 4.83% |
| Alphabet Inc | 3.91% |
| Oracle Corp | 3.51% |
| Amphenol Corp | 3.39% |
| Salesforce Inc | 3.09% |
| Eli Lilly & Co | 2.99% |
| Uber Technologies Inc | 2.83% |
C000011602 Portfolio Allocation
Asset-class allocation of Pioneer Fundamental Growth Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.6% |
| Cash & Equivalents | 1.5% |
C000011602 Performance
Total returns for C000011602 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 16.5% |
| 3 years (annualised) | 6.5% |
| 5 years (annualised) | 13.3% |
C000011602 Risk Information
Risk metrics for C000011602, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 11.9%
C000011602 Costs and Fees
C000011602 costs about $174 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.74%
- Gross expense ratio: 1.74%
- Portfolio turnover: 15%
- Brokerage commissions: 0.57 bps of average net assets (SEC N-CEN)
C000011602 Cashflows
Over the 12 months to 2024-12, Pioneer Fundamental Growth Fund had net outflows of $4.90M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-12 | −$53.12M |
| 2024-11 | $250.67M |
| 2024-10 | −$62.07M |
| 2024-09 | −$52.66M |
| 2024-08 | −$13.27M |
| 2024-07 | −$55.04M |
C000011602 Debt Constituents
No individual debt constituents are reported in Pioneer Fundamental Growth Fund's latest SEC N-PORT filing.
C000011602 Prospectus and SEC Filings
Official Pioneer Fundamental Growth Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-07-25
- Prospectus (485BPOS) — filed 2023-07-26
- Prospectus (485BPOS) — filed 2022-07-27
- Portfolio holdings (N-PORT) — filed 2025-02-26
- Portfolio holdings (N-PORT) — filed 2024-11-21
- Portfolio holdings (N-PORT) — filed 2024-08-23
- Annual census (N-CEN) — filed 2024-06-13
- Annual census (N-CEN) — filed 2023-06-12
Related Funds
Other United States Large Cap Growth 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.