M&A: Pioneer Series Trust III

Form Type: 497K

Filing Date: 2024-12-30

Corporate Action: Merger

Type: Update

Accession Number: 000027677624000164

Comments: Pioneer Series Trust III (the ‘Fund’) is undergoing a proposed reorganization due to a definitive agreement announced by Amundi Asset Management US, Inc. to combine with Victory Capital Holdings, Inc. (‘Victory Capital’). Subject to regulatory approvals, Amundi will become a strategic shareholder in Victory Capital, leading to the termination of the current investment advisory agreement with the Fund. The Fund’s Board of Trustees will consider a reorganization of the Fund into a newly established Victory Fund, advised by Victory Capital Management Inc. This proposal will also be submitted to the Fund’s shareholders for their approval. There are no guarantees that the transaction or resulting reorganization will occur, depending on Board and shareholder approval.

Document Link: View Document

Additional details:

Investment Objective: long-term capital growth

Maximum Sales Charge: 5.75%

Maximum Deferred Sales Charge: None

Annual Fund Operating Expenses: 0.86% for Class A

Portfolio Turnover Rate: 111%

Fees And Expenses Summary: Class A: 0.86% net expenses; Class C: 1.63%; Class K: 0.52%; Class R: 1.24%; Class Y: 0.61%.