Morningstar® Investment Profile™   Morningstar® Disclosure   Format for Print Pioneer Fund VCT I Release date as of 2024-10-31. Data on page is subject to change. Snapshot Ratings & Risk Portfolio Nuts & Bolts

Morningstar Report Overall Morningstar Rating™ What is this? As of 2024-10-31 Out of 1288 Large Blend Funds Morningstar® Style Box™ What is this? As of 2024-09-30 Total Fund Assets ($ Mil) 157.67 View Historical Morningstar Star Ratings and Definitions

Investment Objective & Strategy   The investment seeks reasonable income and capital growth. The portfolio invests in a broad group of carefully selected securities that the portfolio's adviser believes are reasonably priced, rather than in securities whose prices reflect a premium resulting from their current market popularity. It primarily invests in securities of U.S. issuers. The portfolio may invest up to 15% of its total assets in securities of non-U.S. issuers. It will not invest more than 5% of its total assets in the securities of emerging markets issuers. The portfolio may invest up to 15% of its net assets in REITs.

Morningstar Category: Large Blend Large-blend portfolios are fairly representative of the overall US stock market in size, growth rates and price. Stocks in the top 70% of the capitalization of the US equity market are defined as large cap. The blend style is assigned to portfolios where neither growth nor value characteristics predominate. These portfolios tend to invest across the spectrum of US industries, and owing to their broad exposure, the portfolios' returns are often similar to those of the S&P 500 Index.

Investment Risks There are no additional fund specific investment risks (e.g. liquidity risk, currency risk, foreign investment risk, etc.) associated with this fund beyond the normal risks generally associated with investing in a mutual fund.

Portfolio Profile Asset Allocation % of Net Assets U.S. Stocks 89.6 Non-U.S. Stocks 9.0 Bonds 0.0 Cash 1.5 Other 0.0 Data through 2024-09-30 Morningstar Equity Sectors % of Stocks Cyclical 33.86 Basic Materials 8.92 Consumer Cyclical 8.45 Financial Services 16.49 Real Estate 0.00 Sensitive 52.39 Communication Services 5.19 Energy 1.23 Industrials 10.58 Technology 35.39 Defensive 13.77 Consumer Defensive 3.24 Healthcare 10.53 Utilities 0.00 Data through 2024-09-30 Holding Status Total Number of Stock Holdings 46 Total Number of Bond Holdings 0 % of Net Assets in Top 10 Holdings 43.99 Turnover % (as of 2023-12-31) 64.00 30 Day SEC Yield % --- Top Holdings Sector P/E % of Net Assets NVIDIA Corp 62.24 7.35 Apple Inc 37.16 6.34 Microsoft Corp 33.55 5.59 Alphabet Inc Class A 22.69 3.89 Martin Marietta Materials Inc 18.38 3.70 U.S. Bancorp 14.86 3.68 Truist Financial Corp --- 3.47 Amazon.com Inc 39.83 3.35 Citizens Financial Group Inc 16.52 3.31 United Parcel Service Inc Class B --- 3.31 Data through 2024-09-30

Principal Risks    Foreign Securities, Loss of Money, Not FDIC Insured, Value Investing, Market/Market Volatility, Industry and Sector Investing, IPO, Other, Preferred Stocks, Restricted/Illiquid Securities, Underlying Fund/Fund of Funds, Warrants, Derivatives, Leverage, Pricing, Fixed-Income Securities, Socially Conscious, Increase in Expenses, Shareholder Activity, Management, Real Estate/REIT Sector Show Risk Definitions

Other Information Inception Date: 1997-10-31 Portfolio Manager(s) Jeffrey L. Kripke   (2015-07-01) Jeff Kripke, Senior Vice President of Amundi US, joined Amundi US in 2015. Prior to joining Amundi US, Mr. Kripke was at Allianz Global Investors, where he was Co-CIO of the Disciplined Equity Group and a portfolio manager since 2014. Previously, Mr. Kripke was at Wellington Management Company from 2001–2013, where he was an associate partner and portfolio manager. Craig Sterling   (2019-07-31) Craig Sterling is a Senior Vice President and Head of Equity Research, U.S. at Amundi Pioneer. He joined Amundi Pioneer in May 2015. Prior to joining Amundi Pioneer, he was Managing Director and Global Head of Equity Research at EVA Dimensions LLC in New York, an independent equity research firm. Prior to June 2011, he served as a Director in the HOLT Group at Credit Suisse. James Yu   (2019-07-31) James Yu, Vice President and Portfolio Manager of Amundi US, joined Amundi US in 2015. Prior to joining Amundi US, Mr. Yu was a Senior Research Analyst at Wells Capital Management, where he supported small-cap value and mid-cap value strategies. Mr. Yu has been an investment professional since 1995. Investment Advisor(s) Amundi Asset Management US, Inc. Issuer Amundi US Subadvisor(s) ---

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