Name
As of 11/08/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
13.0%
1 yr return
22.3%
3 Yr Avg Return
0.1%
5 Yr Avg Return
4.6%
Net Assets
$124 M
Holdings in Top 10
22.2%
52 WEEK LOW AND HIGH
$12.9
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.04%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 215.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$5,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/08/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
FLEKX - Profile
Distributions
- YTD Total Return 13.0%
- 3 Yr Annualized Total Return 0.1%
- 5 Yr Annualized Total Return 4.6%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.63%
- Dividend Yield 9.6%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NamePioneer Equity Premium Income Fund
-
Fund Family NameThe Pioneer Funds
-
Inception DateMay 03, 2010
-
Shares OutstandingN/A
-
Share ClassK
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichele Garau
Fund Description
Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of borrowings, if any, for investment purposes) in equity securities and equity-related investments. Equity securities and equity-related investments include common and preferred stocks, depositary receipts, warrants, rights, equity-linked notes (ELNs), master limited partnerships, equity interests in real estate trusts (REITs) and other equity interests, such as securities of other investment companies (including mutual funds, exchange-traded funds and closed-end funds) that invest primarily in equity securities. Equity securities may include derivative instruments that provide exposure to equity securities or have similar economic characteristics. The fund may invest in securities of issuers of any market capitalization, and in securities in any industry or market sector. The fund may invest in initial public offerings of equity securities.The fund may invest up to 60% of its net assets in ELNs. ELNs are structured products that consist of two main components: a fixed income component in the form of a bond or note paying a stated interest rate (premium), and an equity-linked component tied to the performance of one or more underlying reference securities (usually a single stock, a basket of stocks or a stock index). Under the structure, current payments typically are made in exchange for a limit on the capital appreciation potential of the reference securities during the term of the note. The ELN retains the downside risk associated with the reference securities. In addition, the fund may write (sell) covered call and put options on common stocks or other reference securities.The fund focuses on investments that offer a stream of income. The fund's investments in ELNs are intended to generate current income based on the interest rate paid by the ELNs. In addition to investments that offer a stream of income, the fund may also invest in securities and instruments that are not income-producing,subject to its 80% policy with respect to investment in equity securities and equity-related investments. The fund may invest in securities and instruments that are not income-producing for purposes of seeking capital appreciation or managing risk or other portfolio characteristics, and securities are not selected based on anticipated dividend payments.Subject to its 80% policy with respect to investment in equity securities and equity-related investments, the fund may invest in investment grade and below investment grade debt securities (known as “junk bonds”).The fund may, but is not required to, use derivatives, such as options, stock index futures and index-based total return swap contracts. The fund may use derivatives for a variety of other purposes, including: in an attempt to hedge against adverse changes in the market price of securities, interest rates or currency exchange rates; as a substitute for purchasing or selling securities; to attempt to increase the fund’s return as a non-hedging strategy that may be considered speculative; to manage portfolio characteristics; and as a cash flow management technique. The fund may invest without limit in derivative instruments. However, the fund may choose not to make use of derivatives for a variety of reasons, and any use may be limited by applicable law and regulations.The fund invests mainly in U.S. issuers and ELNs and other investments tied to the performance of U.S. issuers. The fund considers U.S. issuers to include: issuers organized under the laws of the U.S., issuers with a principal office in the U.S., issuers whose equity securities are traded principally in the U.S., issuers that derive at least 50% of their gross revenues or profits from goods or services produced in the U.S. or sales made in the U.S., or issuers that have at least 50% of their assets in the U.S.The fund may invest up to 20% of its net assets in securities of non-U.S. issuers. The fund will not invest more than 10% of its net assets in the securities of emerging market issuers. The fund does not count securities of Canadian issuers against the limit on investment in securities of non-U.S. issuers. In addition to investing in securities denominated in non-U.S. currencies, the fund may hold non-U.S. currencies and purchase and sell forward currency exchange contracts in non-U.S. currencies. The fund’s currency and currency-related investments may be used to adjust overall currency exposures, including as a means of seeking incremental return, which may be considered a speculative technique.In selecting investments, the adviser considers the investment’s income and return potential in view of such factors as the sustainability of the issuer’s earnings and financial condition. The adviser generally favors those securities it perceives to be undervalued. In selecting equity securities, the adviser employs fundamental research and an evaluation of the issuer based on its financial statements and operations. Among other things, the adviser focuses on an issuer’s deployment of capital and return on capital. The adviser relies on the knowledge, experience and judgment of its staff and the staff of its affiliates who have access to a wide variety of research. The adviser focuses on the quality and valuation of issuers and securities. Investments typically are sold when the adviser’s overall assessment of market and economic conditions changes or the assessments of the attributes of individual holdings or investment types change.The adviser integrates environmental, social and corporate governance (ESG) considerations into its investment research process by evaluating the business models and practices of issuers and their ESG-related risks. The adviser believes ESG analysis is a meaningful facet of fundamental research, the process of evaluating an issuer based on its financial position, business operations, competitive standing and management. This process considers ESG information, where available, in assessing an investment’s performance potential. The adviser generally considers ESG information in the context of an issuer’s respective sector or industry. The adviser may consider ESG ratings provided by third parties or internal sources, as well as issuer disclosures and public information, in evaluating issuers. ESG considerations are not a primary focus of the fund, and the weight given by the adviser to ESG considerations in making investment decisions will vary and, for any specific decision, they may be given little or no weight. Notwithstanding the foregoing, the adviser generally will not invest fund assets in companies engaged in the production, sale, storage of, or providing services for, certain controversial weapons, including chemical, biological and depleted uranium weapons and certain antipersonnel mines and cluster bombs.
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FLEKX - Performance
Return Ranking - Trailing
| Period | FLEKX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 13.0% | -2.8% | 27.4% | 35.48% |
| 1 Yr | 22.3% | 1.3% | 51.5% | 33.64% |
| 3 Yr | 0.1%* | -21.3% | 11.6% | 68.37% |
| 5 Yr | 4.6%* | -11.8% | 23.0% | 61.27% |
| 10 Yr | N/A* | -4.8% | 9.8% | 41.61% |
* Annualized
Return Ranking - Calendar
| Period | FLEKX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 10.5% | -18.9% | 60.2% | 26.39% |
| 2022 | -21.9% | -48.5% | 0.1% | 81.86% |
| 2021 | 8.9% | -19.0% | 48.3% | 21.96% |
| 2020 | 5.3% | -16.5% | 52.8% | 50.98% |
| 2019 | 14.1% | -8.5% | 26.6% | 21.11% |
Total Return Ranking - Trailing
| Period | FLEKX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 13.0% | -2.8% | 27.4% | 35.48% |
| 1 Yr | 22.3% | 1.3% | 51.5% | 33.64% |
| 3 Yr | 0.1%* | -21.3% | 11.6% | 68.37% |
| 5 Yr | 4.6%* | -11.8% | 23.0% | 61.27% |
| 10 Yr | N/A* | -4.8% | 9.8% | 40.94% |
* Annualized
Total Return Ranking - Calendar
| Period | FLEKX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.0% | -11.7% | 61.8% | 36.11% |
| 2022 | -18.7% | -48.5% | 4.6% | 84.19% |
| 2021 | 11.2% | -14.2% | 48.3% | 53.74% |
| 2020 | 6.9% | -11.7% | 77.4% | 55.88% |
| 2019 | 17.1% | -3.9% | 28.4% | 26.13% |
NAV & Total Return History
FLEKX - Holdings
Concentration Analysis
| FLEKX | Category Low | Category High | FLEKX % Rank | |
|---|---|---|---|---|
| Net Assets | 124 M | 1.98 M | 12.4 B | 58.06% |
| Number of Holdings | 111 | 2 | 2274 | 39.17% |
| Net Assets in Top 10 | 27.3 M | 1.55 M | 9.46 B | 76.04% |
| Weighting of Top 10 | 22.16% | 20.8% | 109.8% | 97.70% |
Top 10 Holdings
- International Business Machines Corp 2.99%
- Dreyfus Government Cash Management 2.96%
- Chord Energy Corp 2.28%
- Eversource Energy 2.16%
- Aviva PLC 2.14%
- FirstEnergy Corp 2.13%
- Dominion Energy Inc 2.07%
- Morgan Stanley 1.90%
- State Street Corp 1.79%
- Redwood Trust Inc 1.76%
Asset Allocation
| Weighting | Return Low | Return High | FLEKX % Rank | |
|---|---|---|---|---|
| Stocks | 48.35% | 0.00% | 145.83% | 79.26% |
| Bonds | 47.49% | 0.00% | 106.59% | 8.76% |
| Cash | 4.14% | -33.22% | 99.64% | 45.62% |
| Convertible Bonds | 0.23% | 0.00% | 8.92% | 36.41% |
| Preferred Stocks | 0.01% | -0.09% | 5.36% | 6.91% |
| Other | 0.00% | -29.71% | 135.29% | 55.30% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | FLEKX % Rank | |
|---|---|---|---|---|
| Financial Services | 31.27% | 0.00% | 98.22% | 3.28% |
| Real Estate | 16.32% | 0.00% | 99.45% | 10.38% |
| Industrials | 12.13% | 0.00% | 23.85% | 16.39% |
| Technology | 11.61% | 0.00% | 85.77% | 69.95% |
| Healthcare | 9.51% | 0.00% | 38.63% | 73.22% |
| Basic Materials | 5.04% | 0.00% | 56.73% | 30.05% |
| Consumer Cyclical | 4.28% | 0.00% | 25.83% | 70.49% |
| Consumer Defense | 3.49% | 0.00% | 37.51% | 78.14% |
| Energy | 3.22% | 0.00% | 60.89% | 73.22% |
| Utilities | 2.76% | 0.00% | 91.12% | 56.83% |
| Communication Services | 0.38% | 0.00% | 21.61% | 80.87% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | FLEKX % Rank | |
|---|---|---|---|---|
| US | 38.94% | 0.00% | 145.83% | 75.58% |
| Non US | 9.42% | -1.94% | 38.53% | 14.29% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | FLEKX % Rank | |
|---|---|---|---|---|
| Government | 48.92% | 0.00% | 99.78% | 26.73% |
| Corporate | 4.57% | 0.00% | 95.17% | 52.07% |
| Cash & Equivalents | 2.96% | 0.00% | 99.38% | 47.00% |
| Municipal | 0.01% | 0.00% | 19.13% | 34.10% |
| Derivative | 0.00% | -15.85% | 135.29% | 51.15% |
| Securitized | 0.00% | 0.00% | 52.99% | 64.98% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | FLEKX % Rank | |
|---|---|---|---|---|
| US | 47.49% | 0.00% | 92.67% | 8.76% |
| Non US | 0.00% | 0.00% | 26.57% | 39.17% |
FLEKX - Expenses
Operational Fees
| FLEKX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.04% | 0.45% | 10.24% | 81.11% |
| Management Fee | 0.70% | 0.00% | 1.50% | 33.64% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 11.81% |
| Administrative Fee | N/A | 0.05% | 0.70% | N/A |
Sales Fees
| FLEKX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| FLEKX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.50% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| FLEKX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 215.00% | 1.75% | 441.00% | 83.33% |
FLEKX - Distributions
Dividend Yield Analysis
| FLEKX | Category Low | Category High | FLEKX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 9.60% | 0.00% | 24.95% | 21.66% |
Dividend Distribution Analysis
| FLEKX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Annual | Monthly | Quarterly |
Net Income Ratio Analysis
| FLEKX | Category Low | Category High | FLEKX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.63% | -2.01% | 13.72% | 23.50% |
Capital Gain Distribution Analysis
| FLEKX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Oct 31, 2024 | $0.103 | OrdinaryDividend |
| Sep 30, 2024 | $0.103 | OrdinaryDividend |
| Aug 30, 2024 | $0.098 | OrdinaryDividend |
| Jul 31, 2024 | $0.093 | OrdinaryDividend |
| Apr 30, 2024 | $0.083 | OrdinaryDividend |
| Mar 28, 2024 | $0.068 | OrdinaryDividend |
| Feb 29, 2024 | $0.063 | OrdinaryDividend |
| Dec 26, 2023 | $0.079 | OrdinaryDividend |
| Sep 14, 2023 | $0.015 | OrdinaryDividend |
| Jun 15, 2023 | $0.032 | OrdinaryDividend |
| Mar 16, 2023 | $0.027 | OrdinaryDividend |
| Dec 28, 2022 | $0.263 | OrdinaryDividend |
| Sep 15, 2022 | $0.036 | OrdinaryDividend |
| Jun 16, 2022 | $0.107 | OrdinaryDividend |
| Mar 17, 2022 | $0.042 | OrdinaryDividend |
| Dec 29, 2021 | $0.100 | OrdinaryDividend |
| Nov 30, 2021 | $0.086 | CapitalGainLongTerm |
| Sep 16, 2021 | $0.048 | OrdinaryDividend |
| Jun 17, 2021 | $0.026 | OrdinaryDividend |
| Mar 18, 2021 | $0.040 | OrdinaryDividend |
| Dec 29, 2020 | $0.065 | OrdinaryDividend |
| Sep 17, 2020 | $0.012 | OrdinaryDividend |
| Jun 18, 2020 | $0.063 | OrdinaryDividend |
| Mar 19, 2020 | $0.030 | OrdinaryDividend |
| Dec 27, 2019 | $0.205 | OrdinaryDividend |
| Sep 19, 2019 | $0.015 | OrdinaryDividend |
| Jun 20, 2019 | $0.076 | OrdinaryDividend |
| Mar 21, 2019 | $0.015 | OrdinaryDividend |
| Dec 26, 2018 | $0.045 | OrdinaryDividend |
| Nov 29, 2018 | $0.348 | CapitalGainShortTerm |
| Nov 29, 2018 | $0.863 | CapitalGainLongTerm |
| Sep 20, 2018 | $0.043 | OrdinaryDividend |
FLEKX - Fund Manager Analysis
Managers
Michele Garau
Start Date
Tenure
Tenure Rank
May 03, 2010
12.08
12.1%
Mr. Garau, Senior Vice President and Portfolio Manager of Amundi Pioneer, has been based in Boston since August 2010. He was previously the Head of Balanced Portfolios at Pioneer Investment Management Limited, one of Amundi Pioneer's affiliates, and based in Dublin. He joined Amundi Pioneer in January 2003 and has been an investment professional since 1984.
Kenneth Taubes
Start Date
Tenure
Tenure Rank
May 03, 2010
12.08
12.1%
Mr. Taubes, Executive Vice President and Chief Investment Officer, U.S. of Pioneer, is responsible for overseeing the U.S. and global fixed income teams. He joined Pioneer as a senior vice president in September 1998 and has been an investment professional since 1982. Mr. Taubes has served as portfolio manager of the fund since 1999. Prior to joining Pioneer, he was a senior portfolio manager at Putnam Investments and the Treasurer of Home Owners Savings Bank. Ken is a member of Bond Analysts Society of Boston.
Howard Weiss
Start Date
Tenure
Tenure Rank
Apr 27, 2012
10.1
10.1%
Mr. Weiss, Vice President and Portfolio Manager of Amundi Pioneer joined Amundi Pioneer in 2007 and served as an associate portfolio manager and large cap core equity analyst. From October 2010 until August 2011, Mr. Weiss was an analyst at Surveyor Capital Group, a wholly owned subsidiary of Citadel Investment Group, LLC. In September 2011, he rejoined Amundi Pioneer as associate portfolio manager.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.07 | 33.83 | 6.67 | 13.0 |