Pioneer Equity Income VCT II |
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Release date as of 2024-04-30. Data on page is subject to change. |
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Overall Morningstar Rating™
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What is this?
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As of 2024-04-30 |
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Out of 1109 Large Value Funds
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Total Fund Assets ($ Mil) |
79.86 |
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Investment Objective & Strategy |
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The investment seeks current income and long-term growth of capital from a portfolio consisting primarily of income producing equity securities of U.S. corporations.
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Normally, the portfolio invests at least 80% of its total assets in income producing equity securities of U.S. issuers. The remainder of the portfolio may be invested in debt securities, most of which are expected to be convertible into common stocks. The portfolio may invest up to 20% of its total assets in securities of non-U.S. issuers, including depositary receipts. It will not invest more than 5% of its total assets in the securities of emerging markets issuers. |
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Morningstar Category: Large Value |
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Large-value portfolios invest primarily in big U.S. companies that are less expensive or growing more slowly than other large-cap stocks. Stocks in the top 70% of the capitalization of the U.S. equity market are defined as large cap. Value is defined based on low valuations (low price ratios and high dividend yields) and slow growth (low growth rates for earnings, sales, book value, and cash flow).
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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. |
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% of Net Assets |
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U.S. Stocks |
93.2 |
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Non-U.S. Stocks |
5.3 |
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Bonds |
0.0 |
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Cash |
1.5 |
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Other |
0.0 |
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Data through 2024-03-31 |
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Morningstar Equity Sectors |
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% of Stocks |
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Cyclical |
39.84 |
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Basic Materials |
5.81 |
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Consumer Cyclical |
8.49 |
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Financial Services |
23.42 |
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Real Estate |
2.12 |
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Sensitive |
35.82 |
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Communication Services |
4.96 |
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Energy |
9.80 |
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Industrials |
12.18 |
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Technology |
8.88 |
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Defensive |
24.35 |
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Consumer Defensive |
7.79 |
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Healthcare |
12.93 |
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Utilities |
3.63 |
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Data through 2024-03-31 |
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Total Number of Stock Holdings |
57 |
Total Number of Bond Holdings |
0 |
% of Net Assets in Top 10 Holdings |
33.42 |
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Turnover % |
(as of 2023-12-31) |
81.00 |
30 Day SEC Yield % |
--- |
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Sector |
P/E |
% of Net Assets
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Exxon Mobil Corp |
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14.49 |
4.89 |
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Wells Fargo & Co |
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12.36 |
4.49 |
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Johnson & Johnson |
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19.05 |
4.00 |
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United Parcel Service Inc Class B |
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21.34 |
3.43 |
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The Walt Disney Co |
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68.16 |
3.11 |
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Cisco Systems Inc |
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14.28 |
3.06 |
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Coterra Energy Inc Ordinary Shares |
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12.79 |
2.99 |
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Northern Trust Corp |
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18.19 |
2.55 |
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LyondellBasell Industries NV Class A |
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15.43 |
2.45 |
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International Business Machines Corp |
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18.84 |
2.45 |
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Foreign Securities, Loss of Money, Not FDIC Insured, Value Investing, Market/Market Volatility, Convertible Securities, High-Yield Securities, Industry and Sector Investing, IPO, Other, Preferred Stocks, Restricted/Illiquid Securities, Underlying Fund/Fund of Funds, Derivatives, Leverage, Pricing, Fixed-Income Securities, Socially Conscious, Increase in Expenses, Shareholder Activity, Management, Large Cap, Real Estate/REIT Sector |
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Show Risk Definitions |
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Inception Date: 1999-09-14 |
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John Arege (2023-05-01) |
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John Arege is Vice President, Portfolio Manager, and a member of the Value team. He has a specific focus on mid-cap value strategies. He joined Amundi US from RNC Genter Capital Management in Los Angeles, where he was Portfolio Manager of Core and Value Equities and was a member of the Investment Policy Committee. He also served as an Adjunct Professor of Corporate Finance at New York University’s School of Professional Studies. Prior to RNC Genter, John worked for 12 years at Goldman Sachs Asset Management as Managing Director, Co-Head of Value & Core equities and was a portfolio manager. John also founded the Core investment team at Goldman Sachs and worked with a team of sector analysts that employed a fundamental research process investing in well managed and competitively advantaged businesses. Prior to Goldman, he was Vice President, Senior Equity Analyst at Merrill Lynch Investment Managers, where he focused on large-cap value and mid-cap value equity funds. Earlier in his career, he was a Research Analyst for Standard & Poor’s. He also served as an Associate Attorney for Wilson, Elser, Moskowitz, Edelman & Decker in New York, and as a Judicial Lawyer for the Superior Court of the State of New Jersey.John has an M.S. in Banking and Financial Services from Boston University, a J.D. from the Jacob D. Fuchsberg Law Center in New York, and a B.A. in Accounting and Financial Management from Catholic University in Washington, D.C. He is a CFA charterholder, a licensed attorney in two states and Washington, D.C. |
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Sammi Truong (2018-05-01) |
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Ms. Truong, a Vice President of Amundi Pioneer, joined Amundi Pioneer in 2001 and has been an investment professional since 2001. |
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Amundi Asset Management US, Inc. |
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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.
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