Morningstar® Investment Profile™   Morningstar® Disclosure   Format for Print Pioneer Select Mid Cap Growth 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 512 Mid-Cap Growth Funds Morningstar® Style Box™ What is this? As of 2024-09-30 Total Fund Assets ($ Mil) 94.08 View Historical Morningstar Star Ratings and Definitions

Investment Objective & Strategy   The investment seeks long-term capital growth. Normally, the portfolio invests at least 80% of its net assets in equity securities of mid-size companies. Mid-size companies are those with market values, at the time of investment, that do not exceed the greater of the market capitalization of the largest company within the Russell Midcap Growth Index. It may invest up to 20% of its total assets in debt securities. The portfolio 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 in default.

Morningstar Category: Mid-Cap Growth Some mid-cap growth portfolios invest in stocks of all sizes, thus leading to a mid-cap profile, but others focus on midsize companies. Mid-cap growth portfolios target U.S. firms that are projected to grow faster than other mid-cap stocks, therefore commanding relatively higher prices. Stocks in the middle 20% of the capitalization of the U.S. equity market are defined as mid-cap. Growth is defined based on fast growth (high growth rates for earnings, sales, book value, and cash flow) and high valuations (high price ratios and low dividend yields).

Investment Risks Mid Cap Funds: The securities of companies with market capitalizations below $10 billion may be more volatile and less liquid than the securities of larger companies.

Portfolio Profile Asset Allocation % of Net Assets U.S. Stocks 89.1 Non-U.S. Stocks 10.2 Bonds 0.0 Cash 0.7 Other 0.0 Data through 2024-09-30 Morningstar Equity Sectors % of Stocks Cyclical 22.33 Basic Materials 2.95 Consumer Cyclical 10.44 Financial Services 7.02 Real Estate 1.92 Sensitive 59.31 Communication Services 3.23 Energy 3.25 Industrials 20.39 Technology 32.44 Defensive 18.35 Consumer Defensive 0.45 Healthcare 17.90 Utilities 0.00 Data through 2024-09-30 Holding Status Total Number of Stock Holdings 79 Total Number of Bond Holdings 0 % of Net Assets in Top 10 Holdings 24.85 Turnover % (as of 2023-12-31) 74.00 30 Day SEC Yield % --- Top Holdings Sector P/E % of Net Assets Vertiv Holdings Co Class A 72.86 3.43 Natera Inc --- 2.84 Vaxcyte Inc Ordinary Shares --- 2.66 MSCI Inc 37.53 2.51 The Trade Desk Inc Class A 235.71 2.39 Advanced Micro Devices Inc 127.50 2.34 Datadog Inc Class A 266.89 2.20 W.W. Grainger Inc 30.05 2.20 ResMed Inc 32.16 2.18 Verisk Analytics Inc 42.40 2.10 Data through 2024-09-30

Principal Risks    Foreign Securities, Loss of Money, Not FDIC Insured, Growth Investing, Market/Market Volatility, Convertible Securities, 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, Mid-Cap, Real Estate/REIT Sector Show Risk Definitions

Other Information Inception Date: 1993-01-07 Portfolio Manager(s) Kenneth J. Winston   (2013-05-01) Ken Winston, Portfolio Manager and Vice President, joined Pioneer Investment Management Limited in 2007 from Hartford Investment Management Company where he was senior vice president with portfolio management and analyst responsibilities for small and mid cap growth portfolios. Mr. Winston has served as portfolio manager of SELECT MID CAP GROWTH FUND since 2013 and its predecessor fund since 2009. From 2000 to 2006, he worked at Lee Munder Capital Group as partner and portfolio manager for small and mid cap growth portfolios.Ken became a Principal and Founding Partner of LMCG in August 2000. Prior to LMCG, Ken was part of the Small Cap Growth team at Standish, Ayer & Wood. Prior to Standish, Ken was a technology analyst and principal at Needham & Company, Inc., where he initiated and led Needham’s Internet and Business Services Industry group as a sell-side analyst. Shaji John   (2013-05-01) Mr. John, a vice president, joined Amundi Pioneer in 2011 from JT Venture Partners, LLC where he was managing general partner from 2000 to 2011. Mr. John has served as portfolio manager in Pioneer since 2013. David Sobell   (2016-04-22) David Sobell, a Vice President and Senior Equity Analyst, joined Amundi Pioneer in 2000. Mr. Sobell has served as portfolio manager of the fund since April 2016. Timothy P. Stanish   (2023-11-14) Mr. Stanish joined Amundi Pioneer in 2018. Prior to joining Amundi Pioneer, he was at EVA Dimensions LLC, where he served as Managing Director and Global Head of Fundamental Research from 2015 to 2018 and as a Senior Equity Analyst from 2012 to 2015. Investment Advisor(s) Amundi Asset Management US, Inc. Issuer Amundi US Subadvisor(s) ---

Show Data Definitions © Copyright 2024 Morningstar, Inc. All rights reserved. Morningstar, the Morningstar logo, Morningstar.com, Morningstar Tools are either trademark or service marks of Morningstar, Inc. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or any losses arising from any use of information. Past performance is no guarantee of future performance. 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.