M&A - PIONEER SERIES TRUST II

Form Type: 497K

Filing Date: 2025-03-27

Corporate Action: Merger

Type: Update

Accession Number: 000126538925000004

Filing Summary: Pioneer Series Trust II is undergoing a reorganization where its investment adviser, Amundi Asset Management US, Inc., is set to combine with Victory Capital Holdings, Inc. This transaction, announced on July 9, 2024, will position Amundi as a strategic shareholder of Victory Capital. The reorganization of the fund into a newly established Victory Fund advised by Victory Capital Management Inc. awaits regulatory approvals and shareholders' consent. The Board of Trustees has approved this initiative, yet there is no guarantee that it will conclude successfully or that shareholders will back the reorganization proposal. The fund primarily aims for long-term capital growth, with at least 80% of net assets being invested in mid-size companies' equity securities and has outlined detailed provisions regarding fees, operating expenses, investment strategies, and risks. Particular attention is drawn to various investment risks including market volatility, mid-size companies' sensitivity, and specific risks associated with growth and ESG factors.

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Form Type: N-CSR

Filing Date: 2025-02-28

Corporate Action: Merger

Type: New

Accession Number: 000119312525040544

Filing Summary: The document pertains to the Pioneer Series Trust II's annual report for the fiscal year ending December 31, 2024. It details the performance of the Pioneer AMT-Free Municipal Fund, including performance metrics against benchmarks, costs, and key fund statistics. The Fund returned 1.56% for the year. It mentions a significant upcoming merger between Amundi Asset Management and Victory Capital Holdings, subject to shareholder approval and regulatory conditions. This merger may result in the Fund being reorganized into a newly established Victory Fund. Overall, the report includes critical information regarding investor communications, code of ethics, and fund performance indicators, as well as various state exposure statistics.

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Form Type: N-CSR

Filing Date: 2025-02-05

Corporate Action: Merger

Type: Update

Accession Number: 000119312525020514

Filing Summary: Pioneer Series Trust II filed an N-CSR report indicating significant material changes regarding the Pioneer Select Mid Cap Growth Fund. Notably, the report highlights Amundi Asset Management US, Inc. entering into a definitive agreement with Victory Capital Holdings, Inc. to combine their operations. Amundi is set to become a strategic shareholder in Victory Capital, pending regulatory approvals. As part of this transaction, which is subject to shareholder approval, the Fund is expected to be reorganized into a new Victory Fund advised by Victory Capital Management Inc., with the Board of Trustees having already approved this action. This reorganization is conditional on satisfactory completion of various regulatory requirements. Shareholder approval remains uncertain, and further details will be available in an upcoming prospectus expected by April 2025.

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