Pioneer Emerging Markets Equity Fund
Data updated: 2024-02-28
C000212650 — Pioneer Emerging Markets Equity Fund. Holdings, fees, performance and SEC filings.
C000212650 Fund Overview
Pioneer Emerging Markets Equity Fund is a US mutual fund managed by Pioneer Series Trust XIV, categorised as Emerging Markets Large Cap Blend / Core Information Technology 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 XIV
- Category: Emerging Markets Large Cap Blend / Core Information Technology Equity
- Assets under management: $7.37M
- 1-year return: 0.0%
- SEC CIK: 0001077452
- SEC series ID: S000065786
- Share class ID: C000212650
C000212650 Investment Objective and Strategy
Pioneer Emerging Markets Equity Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Pioneer Series Trust XIV.
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 the equity securities of emerging market issuers. 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 whose equity securities are traded principally in an emerging market country, issuers that derive at least 50% of their gross revenues or profits from goods or services produced in emerging market countries or sales made in emerging market countries, or issuers that have at least 50% of their assets in emerging market countries. The fund considers any market that is not developed to be an emerging market. Emerging markets generally will include countries included in the Morgan Stanley Capital International (MSCI) Emerging + Frontier Markets Index.
The fund's investments will not be confined to securities issued by companies included in the index. At the investment adviser's discretion, the fund may invest in other emerging markets. The fund may invest up to 20% of its assets in securities of issuers in developed countries. For purposes of the fund's investment policies, equity securities include common stocks and securities with common stock characteristics, such as securities of other investment companies (including mutual funds, exchange-traded funds and closed-end funds) that invest primarily in equity securities, equity interests in real estate investment trusts (REITs), preferred stocks, depositary receipts, equity-linked notes (ELNs), warrants and rights. The fund may consider another fund, such as an exchange-traded fund (ETF), as an emerging market issuer for purposes of satisfying the fund's 80% policy if the ETF invests at least 80% of its net assets in equity securities of emerging market issuers.
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 in debt securities of any quality or maturity. The fund may not invest more than 10% of its net assets in debt securities rated below investment grade (known as junk bonds) or in unrated securities of comparable quality, including securities of issuers in default. Generally, the fund does not intend to invest 25% or more of its total assets in issuers organized in any one country. However, from time to time, the fund may invest more than 25% of its assets in issuers organized or located in China. The fund may, but is not required to, use derivatives, such as ELNs, forward foreign currency exchange contracts and stock index futures.
The fund may use derivatives 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 integrates a top-down macroeconomic approach focusing on the relative attractiveness of emerging market countries with fundamental, bottom up, equity analysis. The investment process combines the skill of the advisers macroeconomic analysts and fundamental equity research teams, in a portfolio construction process that uses qualitative and quantitative measures.
In assessing the investment potential of each country, the adviser considers economic growth prospects, monetary conditions, political risks, currency risk, capital flows and other factors. In selecting investments, the adviser focuses on those issuers that it believes have above average potential for earnings growth and securities that are trading at attractive market valuations. The adviser evaluates a securitys potential value based on the companys quality, growth, risk, and prospects for future economic profit growth. 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. The adviser integrates environmental, social and corporate governance (ESG) considerations into its investment research process by evaluating the business models and practices of issuers and their ESG-related risks.
The adviser believes ESG analysis is a meaningful facet of fundamental research, the process of evaluating an issuer based on its financial position, business operations, competitive standing and management. This process considers ESG information, where available, in assessing an investments performance potential. The adviser generally considers ESG information in the context of an issuers respective sector or industry. The adviser may consider ESG ratings provided by third parties or internal sources, as well as issuer disclosures and public information, in evaluating issuers. ESG considerations are not a primary focus of the fund, and the weight given by the adviser to ESG considerations in making investment decisions will vary and, for any specific decision, they may be given little or no weight.
Notwithstanding the foregoing, the adviser generally will not invest fund assets in companies engaged in the production, sale, storage of, or providing services for, certain controversial weapons, including chemical, biological and depleted uranium weapons and certain antipersonnel mines and cluster bombs.
C000212650 Holdings
Top 10 holdings of Pioneer Emerging Markets Equity Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Tsmc | 7.34% |
| Tencent Holdings Ltd | 4.25% |
| Samsung Electronics Co Ltd | 3.74% |
| Samsung Electronics Co Ltd | 2.60% |
| HDFC Bank Ltd | 1.66% |
| SK Hynix Inc | 1.52% |
| Bank Central Asia Tbk PT | 1.42% |
| Larsen & Toubro Ltd | 1.33% |
| Grupo Financiero Banorte SAB d | 1.21% |
| Hindalco Industries Ltd | 1.12% |
C000212650 Portfolio Allocation
Asset-class allocation of Pioneer Emerging Markets Equity Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 92.0% |
C000212650 Performance
Total returns for C000212650 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 0.0% |
C000212650 Risk Information
Risk metrics for C000212650, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 0.0%
C000212650 Costs and Fees
C000212650 costs about $296 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.96%
- Gross expense ratio: 2.96%
- Portfolio turnover: 53%
- Brokerage commissions: 3.92 bps of average net assets (SEC N-CEN)
C000212650 Cashflows
Over the 12 months to 2023-12, Pioneer Emerging Markets Equity Fund had net inflows of $7.60M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-12 | $5.26M |
| 2023-11 | $5.98K |
| 2023-10 | $14.05K |
| 2023-09 | $93.88K |
| 2023-08 | $98.24K |
| 2023-07 | $31.81K |
C000212650 Debt Constituents
No individual debt constituents are reported in Pioneer Emerging Markets Equity Fund's latest SEC N-PORT filing.
C000212650 Prospectus and SEC Filings
Official Pioneer Emerging Markets Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-01-25
- Prospectus (485BPOS) — filed 2023-01-26
- Prospectus (485BPOS) — filed 2022-01-26
- Portfolio holdings (N-PORT) — filed 2024-02-28
- Portfolio holdings (N-PORT) — filed 2023-11-29
- Portfolio holdings (N-PORT) — filed 2023-08-24
- Annual census (N-CEN) — filed 2023-12-12
- Annual census (N-CEN) — filed 2022-12-14
Related Funds
Other Emerging Markets Large Cap Blend / Core Information Technology 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.