Morningstar® Investment Profile™   Morningstar®
Disclosure
  Format
for Print
Pioneer Equity Income VCT II
Release date as of 2024-11-30. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2024-11-30
Out of 1093
Large Value Funds
Morningstar®
Style Box™
What is this?
As of 2024-10-31
Total Fund Assets ($ Mil)
84.12
View Historical Morningstar Star Ratings and Definitions
  Investment Objective & Strategy  
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.
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.
  Morningstar Category: Large Value
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). 
  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
Bullet U.S. Stocks U.S. Stocks 96.6
Bullet Non-U.S. Stocks Non-U.S. Stocks 2.0
Bullet Bonds Bonds 0.0
Bullet Cash Cash 1.5
Bullet Other Other 0.0
Asset Allocation Rescaled Graph
Data through 2024-10-31
Morningstar Equity Sectors
% of Stocks
Cyclical 38.15
Basic Materials 4.53
Consumer Cyclical 5.73
Financial Services 26.92
Real Estate 0.97
Sensitive 33.62
Communication Services 4.25
Energy 10.49
Industrials 11.35
Technology 7.53
Defensive 28.23
Consumer Defensive 7.92
Healthcare 15.60
Utilities 4.71
Data through 2024-10-31
Holding Status
Total Number of Stock Holdings 52
Total Number of Bond Holdings 0
% of Net Assets in Top 10 Holdings 34.52
Turnover % (as of 2023-12-31) 81.00
30 Day SEC Yield % ---
Top Holdings
Sector P/E % of Net
Assets
Wells Fargo & Co 15.84 5.00
Exxon Mobil Corp 14.69 4.65
Cisco Systems Inc 25.41 3.73
Johnson & Johnson 25.62 3.32
Northern Trust Corp 13.84 3.31
International Business Machines Corp 33.15 2.99
United Parcel Service Inc Class B 20.50 2.93
Deere & Co 18.19 2.89
ConocoPhillips 12.85 2.86
The Walt Disney Co 43.19 2.84
Data through 2024-10-31
  Principal Risks   
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
Show Risk Definitions
  Other Information
Inception Date: 1999-09-14
Portfolio Manager(s)
John Arege   (2023-05-01)
John Arege is a Managing Director, Director of Large Cap Value, US, and Portfolio Manager. As leader of the Large Cap Value Team, John is responsible for overseeing the management our Equity Income and Intrinsic Value strategies. He is also a portfolio manager on our Mid-Cap Value strategy. John joined Amundi US from Genter Capital Management 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. Prior to Genter Capital, John worked for 12 years at Goldman Sachs Asset Management as Managing Director, Co-Head of Value & Core equities and was a portfolio manager. Prior to Goldman, he was a 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, an Associate Attorney 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 New York, New Jersey and Washington, D.C.
Sammi Truong   (2018-05-01)
Ms. Truong, a Vice President of Amundi Pioneer, joined Amundi Pioneer in 2001 and has been an investment professional since 2001.
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.