M&A - PIONEER SERIES TRUST VII

Form Type: 497K

Filing Date: 2025-02-28

Corporate Action: Merger

Type: Update

Accession Number: 000027677625000027

Filing Summary: Pioneer Series Trust VII is undergoing a proposed reorganization of the Pioneer CAT Bond Fund, which will be integrated into a newly established Victory Fund advised by Victory Capital Management Inc., following a definitive agreement announced by Amundi Asset Management. This transition is contingent on regulatory approvals and requires shareholder approval of the fund. The fund's Board of Trustees supports the reorganization. The investment objective of the fund remains focused on total return, primarily through catastrophe bonds. The document contains details about fees, operating expenses, and associated risks of investing in the fund, which include credit risk and liquidity risk. Significant caution is advised due to the high-risk nature of the underlying securities and the potential for complete loss of principal. Stakeholders are encouraged to review the fund's prospectus for more detailed information.

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