M&A - Pioneer Series Trust IV
Form Type: N-CSRS
Filing Date: 2025-03-28
Corporate Action: Merger
Type: Update
Accession Number: 000119312525066436
Filing Summary: Pioneer Series Trust IV is involved in an ongoing merger process with Victory Capital Holdings, Inc. The announcement dated July 9, 2024, details that Amundi Asset Management, the fund’s investment adviser, has entered into a definitive agreement to combine with Victory Capital. This transaction will make Amundi a strategic shareholder of Victory Capital. The reorganization of the Fund into a newly established Victory Fund, advised by Victory Capital Management Inc., is contingent upon shareholder approval and the completion of regulatory approvals. The Fund's Board of Trustees has approved the proposed reorganization, though the approval from shareholders is not guaranteed. The documentation stipulates the potential availability of a prospectus related to this reorganization by December 1, 2025, and financial reports and additional information pertaining to this evolving situation are readily accessible through Amundi's investor resources.
Document Link: View Document
Additional details:
Fund Name: Pioneer Balanced ESG Fund
Reporting Period: August 1, 2024 to January 31, 2025
Fund Net Assets: $418,899,789
Total Number Of Portfolio Holdings: 756
Portfolio Turnover Rate: 21%
Sector Distribution: Information Technology 18.5%, Financials 15.7%, U.S. Government 12.9%, Health Care 8.0%, Communication Services 7.8%, Industrials 6.2%, Basic Materials 5.0%, Mortgage Securities 4.3%, Consumer Discretionary 4.1%, Asset Backed Securities 3.8%, Energy 3.6%, Real Estate 3.6%, Consumer Staples 2.2%, Consumer, Cyclical 1.7%, Utilities 1.1%, Consumer, Non-cyclical 0.9%, Affiliated Closed-End Fund 0.3%, Industrial 0.1%, Foreign Government 0.1%, Government 0.1%
Form Type: 497
Filing Date: 2025-01-29
Corporate Action: Merger
Type: Update
Accession Number: 000119312525015420
Filing Summary: On January 29, 2025, Pioneer Series Trust IV filed an updated prospectus regarding the Pioneer Securitized Income Fund. This document details a significant transaction in which Amundi Asset Management US, Inc. plans to merge with Victory Capital Holdings, Inc., thus initiating a reorganization of the fund. If approved by the fund's Board of Trustees, this merger would allow for the fund to transition into a new Victory Fund managed by Victory Capital Management Inc. The document outlines the potential impacts of this reorganization, including the termination of the current investment advisory agreement. It emphasizes that the completion of this transaction is contingent upon regulatory approval and shareholder consent. The prospectus further provides insights into the fund's investment objectives, risk factors, fees, and details on specific share classes. It also includes a comprehensive analysis of the performance and expenses associated with the fund's various share classes, along with risk factors associated with investment in high-yield securities, interest rates, and reliance on mortgage-backed instruments.
Document Link: View Document
Additional details:
Fee Structure: Net Expenses for Class A 0.90%, Class C 1.65%, Class K 0.65%, Class Y 0.65%
Investment Objective: total return
Investment Strategy: Invests primarily in mortgage-backed and asset-backed securities and other securitized assets.
Risk Factors: Market risk, credit risk, high yield risk, duration risk, interest rate risk.
Historical Portfolio Turnover: 30%
Class A Max Sales Charge: 4.50%
Class C Distribution Fee: 1.00%
Fund Admin: Amundi Asset Management US, Inc.
Transaction Closing Condition: Subject to regulatory approvals and Board of Trustees' and shareholders' votes.
Proposed Reorganization: Fund to reorganize into a newly established Victory Fund.
Form Type: 497K
Filing Date: 2025-01-29
Corporate Action: Merger
Type: Update
Accession Number: 000027677625000006
Filing Summary: This summary prospectus presents information regarding the Pioneer Securitized Income Fund, revised as of January 29, 2025. The document outlines that Amundi Asset Management US, Inc., the fund's investment adviser, is moving to merge with Victory Capital Holdings, Inc. The merger, announced on July 9, 2024, will result in the Adviser being an indirect, wholly-owned subsidiary of Victory Capital, with Amundi becoming a strategic shareholder. The fund’s Board of Trustees will need to approve a reorganization of the fund into a newly established Victory Fund, also advised by Victory Capital Management Inc. There are no assurances that the transaction will close or that the reorganization will be approved by the Board or the shareholders. The document includes an overview of the investment strategy, which focuses on mortgage-backed and asset-backed securities, discusses related risks, and outlines the fund's performance expectations under the new structure if approved.
Document Link: View Document
Additional details:
Adviser: Amundi Asset Management US, Inc.
Transaction: merger with Victory Capital Holdings, Inc.
Board Approval: required for reorganization
Investment Objective: total return
Portfolio Turnover Rate: 30%
Risk Factors: market risk, credit risk, high yield risk, duration risk, interest rate risk, liquidity risk, mortgage-related risk, and prepayment risk.
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