Name
As of 04/19/2024Price
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
5.3%
1 yr return
16.4%
3 Yr Avg Return
6.8%
5 Yr Avg Return
11.7%
Net Assets
$463 M
Holdings in Top 10
33.8%
52 WEEK LOW AND HIGH
$18.6
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.22%
SALES FEES
Front Load 5.75%
Deferred Load N/A
TRADING FEES
Turnover 91.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/19/2024Price
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
GLOSX - Profile
Distributions
- YTD Total Return 5.3%
- 3 Yr Annualized Total Return 6.8%
- 5 Yr Annualized Total Return 11.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.60%
- Dividend Yield 1.4%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NamePioneer Global Sustainable Equity Fund
-
Fund Family NameThe Pioneer Funds
-
Inception DateDec 15, 2005
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMarco Pirondini
Fund Description
Normally, the fund invests at least 80% of its net assets (plus the amount of borrowings, if any, for investment purposes) in equity securities of issuers located throughout the world. Derivative instruments that provide exposure to such securities or have similar economic characteristics may be used to satisfy the fund’s 80% policy. The fund’s principal focus is on companies that exhibit solid fundamental characteristics and are underappreciated by the market. The fund may invest in securities of any market capitalization, and in securities in any industry or market sector. The fund may invest in both developed and emerging markets without limit. The fund may invest in initial public offerings of equity securities.The investment adviser seeks to identify companies with sustainable business models, including by evaluating environmental, social and governance (ESG) practices. In keeping with this focus, the fund applies ESG criteria to its investments. Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of borrowings, if any, for investment purposes) in securities of issuers that adhere to the fund’s ESG criteria.For purposes of the 80% investment policy, “ESG criteria” is defined as the exclusion of investments issued by companies significantly involved in the production of tobacco products and controversial military weapons, consisting of cluster weapons (a form of air-dropped or ground-launched explosive weapon that releases or ejects smaller submunitions), anti-personnel mines (a form of mine designed to be detonated by the presence or contact of a human), and biological and chemical weapons, and the operation of thermal coal mines. To the extent possible on the basis of information available to the adviser, an issuer will be deemed to be significantly involved in an activity if it derives more than 10% of its gross revenues from such activities.Normally, the fund invests at least a minimum percentage of its net assets in issuers located outside of the United States. The minimum percentage is the lesser of (a) 40% or (b) the percentage of the MSCI World NR Index that is represented by non-U.S. issuers from time to time minus 5 percentage points. For example, if non-U.S. issuers represent 42% of the MSCI World NR Index, the minimum percentage is 37%, and in that case the fund will normally invest at least 37% of its net assets in issuers located outside of the U.S. Notwithstanding the foregoing, if the minimum percentage determined as described above is more than 30%, the minimum percentage may be reduced to 30% for so long as market conditions for these investments or in specific foreign markets are deemed unfavorable by the adviser. For the purposes of satisfying this policy, the fund may invest in derivative instruments that provide exposure to such non-U.S. issuers or have similar economic characteristics. Non-U.S. issuers are issuers that are organized under the laws of a country outside of the United States, issuers with a principal office located in a country outside of the United States, issuers that derive at least 50% of their gross revenues or profits from goods or services produced in a country outside of the United States or sales made in a country outside of the United States, or issuers that have at least 50% of their assets in a country outside of the United States.For purposes of the fund’s investment policies, equity securities include common stocks and other equity instruments, such as funds that invest primarily in equity securities, depositary receipts, warrants, rights and preferred stocks.Subject to the 80% investment policy, the fund may invest in securities of issuers that do not adhere to the fund’s ESG criteria.Subject to the fund’s 80% investment policy, the fund may invest up to 20% of its total assets in debt securities, and cash and cash equivalents. Generally, the fund acquires investment grade debt securities, but the fund may invest up to 5% of its net assets in below investment grade debt securities (known as “junk bonds”).The fund may purchase and sell forward foreign currency exchange contracts in non-U.S. currencies in connection with its investments, including as a means of managing relative currency and country exposure. The fund may also use derivatives, including stock index futures and options and futures on equity-based volatility indices, 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 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 integrates a top-down view of the global macro-economic landscape with fundamental, bottom up, equity analysis. The investment process combines the skill of the adviser’s macroeconomic analyst and fundamental equity research teams in a rigorous risk adjusted portfolio construction process. Using this investment style, and considering ESG factors, the investment adviser seeks to invest in those issuers that have above average potential for sales and earnings growth that are also trading at attractive market valuations. In selecting stocks, the adviser employs fundamental research and an evaluation of the issuer based on its financial statements and operations. 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. The adviser generally sells a portfolio security when it believes that the issuer no longer offers the potential for above average earnings and sales growth. The adviser makes that determination based upon the same criteria it uses to select portfolio securities.In selecting securities to buy and sell, the adviser considers ESG factors along with the other investment-related factors discussed herein. In selecting securities, the adviser focuses on companies with sustainable business models. A company may demonstrate a sustainable business model by having a durable competitive and financial position expected to continue to create shareholder value, and offering products and services through ethical and sound business practices and the responsible use of resources. The adviser evaluates ESG-related risks as part of its research recommendations and integrates ESG analysis into its investment process, in addition to excluding investments based on the fund’s ESG criteria. Environmental assessment categories typically include climate change, natural resource use and waste management. Social assessment categories typically include human capital, product safety and social opportunities (social opportunities include access to health care, and nutritional, health-related, financial and educational programs). Governance assessment categories typically include corporate governance, business ethics and government and public policy.When evaluating an issuer as an investment opportunity, the adviser considers ESG information in the context of the issuer’s respective sector or industry. In addition to making its own ESG evaluations, the adviser considers ESG ratings (where available) provided by third parties or internal sources. The adviser considers these ratings as part of the investment decision making process, including in seeking to avoid investing in companies that present the most ESG risk, as indicated by the ratings, which may impact the issuer’s ability to generate long-term value for its shareholders. When selecting investments, the adviser generally does not consider as eligible investments those companies that, in the judgment of the adviser, have lower ESG ratings, relative to other companies both within the relevant industry and within the applicable universe of companies, subject to exception where one or more ratings, in the judgment of the adviser, do not reflect a company’s ESG attributes. The adviser currently obtains third party ESG ratings information from MSCI Inc. MSCI ESG ratings aim to measure a company’s resilience to long-term, financially relevant ESG risks. MSCI identifies material risks and opportunities for an industry through a quantitative model that looks at ranges and average values for externalized impacts such as carbon intensity, water intensity, and injury rates. Key issues are assigned to each industry and company and scored. To arrive at a final ESG rating, the weighted average of individual key issue scores is normalized relative to ESG rating industry peers.ESG-related concerns in one area might not automatically eliminate an issuer from being an eligible investment for the fund. Subject to the fund’s 80% policy, the adviser may consider whether an issuer’s ESG policies or practices are improving in making ESG evaluations.In addition to the fund's 80% policy, the adviser generally will not invest fund assets in (i) companies that the adviser determines have significant involvement in the manufacturing of complete tobacco products, (ii) 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, (iii) companies developing or planning to develop new thermal coal capacities, companies generating more than 20% of their revenue from thermal coal mining extraction, companies with annual thermal coal extraction of 70MT or more without intention to reduce, or companies with revenue in thermal coal mining extraction and thermal coal power generation that exceeds 50% of their revenue, or (iv) issuers that violate, repeatedly and seriously, one or more of the ten principles of the UN Global Compact, without credible corrective action.
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GLOSX - Performance
Return Ranking - Trailing
| Period | GLOSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.3% | -35.6% | 29.2% | 5.70% |
| 1 Yr | 16.4% | 17.3% | 252.4% | 22.39% |
| 3 Yr | 6.8%* | -3.5% | 34.6% | 59.73% |
| 5 Yr | 11.7%* | 0.1% | 32.7% | 51.41% |
| 10 Yr | 8.0%* | -6.9% | 18.3% | 48.24% |
* Annualized
Return Ranking - Calendar
| Period | GLOSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 14.9% | -24.3% | 957.1% | 33.45% |
| 2022 | -14.9% | -38.3% | 47.1% | 44.12% |
| 2021 | 1.2% | -54.2% | 0.6% | 91.92% |
| 2020 | 16.8% | -76.0% | 54.1% | 41.87% |
| 2019 | 22.2% | -26.1% | 47.8% | 47.21% |
Total Return Ranking - Trailing
| Period | GLOSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.3% | -35.6% | 29.2% | 5.82% |
| 1 Yr | 16.4% | 11.4% | 252.4% | 46.93% |
| 3 Yr | 6.8%* | -3.5% | 34.6% | 75.67% |
| 5 Yr | 11.7%* | 0.1% | 32.7% | 63.36% |
| 10 Yr | 8.0%* | -6.9% | 18.3% | 58.81% |
* Annualized
Total Return Ranking - Calendar
| Period | GLOSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 16.7% | -24.3% | 957.1% | 33.45% |
| 2022 | -9.8% | -33.1% | 47.1% | 44.50% |
| 2021 | 23.7% | -44.4% | 1.8% | 74.29% |
| 2020 | 17.8% | -6.5% | 54.1% | 61.20% |
| 2019 | 23.3% | -14.4% | 47.8% | 55.66% |
NAV & Total Return History
GLOSX - Holdings
Concentration Analysis
| GLOSX | Category Low | Category High | GLOSX % Rank | |
|---|---|---|---|---|
| Net Assets | 463 M | 199 K | 133 B | 60.75% |
| Number of Holdings | 60 | 1 | 9075 | 42.62% |
| Net Assets in Top 10 | 147 M | -18 M | 37.6 B | 61.89% |
| Weighting of Top 10 | 33.84% | 9.1% | 100.0% | 62.70% |
Top 10 Holdings
- Alphabet Inc 4.67%
- Pfizer Inc 3.93%
- Dreyfus Government Cash Management 3.84%
- Cardinal Health Inc 3.31%
- KB Financial Group Inc 3.20%
- Shell PLC 3.09%
- Amazon.com Inc 2.99%
- CRH PLC 2.96%
- UBS Group AG 2.95%
- Sanofi 2.91%
Asset Allocation
| Weighting | Return Low | Return High | GLOSX % Rank | |
|---|---|---|---|---|
| Stocks | 94.90% | 61.84% | 125.47% | 48.79% |
| Cash | 4.29% | -174.70% | 23.12% | 47.03% |
| Preferred Stocks | 0.81% | -0.01% | 5.28% | 94.93% |
| Convertible Bonds | 0.00% | 0.00% | 4.46% | 94.93% |
| Bonds | 0.00% | -1.50% | 161.67% | 95.04% |
| Other | 0.00% | -13.98% | 19.14% | 94.71% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | GLOSX % Rank | |
|---|---|---|---|---|
| Financial Services | 23.42% | 0.00% | 38.42% | 16.19% |
| Technology | 20.96% | 0.00% | 49.87% | 34.47% |
| Healthcare | 11.94% | 0.00% | 35.42% | 79.96% |
| Consumer Cyclical | 9.22% | 0.00% | 40.94% | 49.56% |
| Basic Materials | 8.00% | 0.00% | 38.60% | 27.97% |
| Industrials | 7.95% | 0.00% | 44.06% | 56.72% |
| Energy | 7.12% | 0.00% | 21.15% | 7.05% |
| Consumer Defense | 5.44% | 0.00% | 73.28% | 75.88% |
| Communication Services | 5.36% | 0.00% | 57.66% | 69.05% |
| Utilities | 0.59% | 0.00% | 29.12% | 27.64% |
| Real Estate | 0.00% | 0.00% | 39.48% | 99.67% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | GLOSX % Rank | |
|---|---|---|---|---|
| US | 56.94% | 0.13% | 103.82% | 51.54% |
| Non US | 37.96% | 0.58% | 99.46% | 42.40% |
GLOSX - Expenses
Operational Fees
| GLOSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.22% | 0.01% | 44.27% | 38.20% |
| Management Fee | 0.65% | 0.00% | 1.82% | 42.23% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 56.54% |
| Administrative Fee | N/A | 0.01% | 0.76% | N/A |
Sales Fees
| GLOSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 5.75% | 2.50% | 5.75% | 40.80% |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| GLOSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 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.
| GLOSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 91.00% | 0.00% | 395.00% | 90.60% |
GLOSX - Distributions
Dividend Yield Analysis
| GLOSX | Category Low | Category High | GLOSX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.37% | 0.00% | 3.26% | 94.64% |
Dividend Distribution Analysis
| GLOSX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | Annually | Annually |
Net Income Ratio Analysis
| GLOSX | Category Low | Category High | GLOSX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.60% | -4.27% | 12.65% | 39.32% |
Capital Gain Distribution Analysis
| GLOSX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 26, 2023 | $0.253 | OrdinaryDividend |
| Dec 28, 2022 | $0.219 | OrdinaryDividend |
| Dec 29, 2021 | $0.348 | OrdinaryDividend |
| Dec 29, 2020 | $0.155 | OrdinaryDividend |
| Dec 27, 2019 | $0.142 | OrdinaryDividend |
| Dec 26, 2018 | $0.085 | OrdinaryDividend |
| Dec 27, 2017 | $0.012 | OrdinaryDividend |
| Dec 28, 2016 | $0.169 | OrdinaryDividend |
| Dec 28, 2015 | $0.079 | OrdinaryDividend |
| Dec 29, 2014 | $0.383 | OrdinaryDividend |
| Dec 27, 2013 | $0.195 | OrdinaryDividend |
| Dec 27, 2012 | $0.159 | OrdinaryDividend |
| Dec 28, 2011 | $0.128 | OrdinaryDividend |
| Dec 28, 2010 | $0.058 | OrdinaryDividend |
| Dec 28, 2009 | $0.025 | OrdinaryDividend |
| Dec 23, 2008 | $0.171 | OrdinaryDividend |
| Dec 26, 2007 | $0.111 | OrdinaryDividend |
| Dec 26, 2006 | $0.051 | OrdinaryDividend |
GLOSX - Fund Manager Analysis
Managers
Marco Pirondini
Start Date
Tenure
Tenure Rank
Sep 01, 2010
11.75
11.8%
From 2004 until 2010, Mr. Pirondini was Global Chief Investment Officer of Amundi Pioneer, overseeing equity, fixed income, balanced, and quantitative portfolio management, and quantitative and fundamental research divisions. Mr. Pirondini, Senior Managing Director and Head of Equities, U.S., joined a predecessor organization to Amundi Pioneer in 1991. Marco has a Masters in Finance and is an Economics graduate of the Bocconi University, Milan.
John Peckham
Start Date
Tenure
Tenure Rank
Dec 09, 2019
2.48
2.5%
Mr. Peckham, senior vice president and portfolio manager, joined Pioneer in 2002. He formerly was the Head of Global Fundamental Research. He is a member of the Global Equity team, and a member of the U.S. Equity staff since 2002.
Brian Chen
Start Date
Tenure
Tenure Rank
Dec 09, 2019
2.48
2.5%
Brian Chen joined Clough Capital in 2010 and currently serves as a Portfolio Manager for the Clough China Fund. Brian has over 27 years of Asia investment industry experience and covers investments in that region. Prior to joining the Firm, Brian was an Analyst at both Liberty Square Asset Management and Grosvenor Street Capital concentrating on public equities, and he also worked at ChinaVest on the private equity side. Brian also has extensive Wall Street experience from earlier in his career having worked at Salomon Brothers, Credit Suisse First Boston and ING-Barings. Additionally, Brian is a CFA® charterholder and holds a B.A. in Economics from Duke University as well as an MBA with concentrations in Finance and International Business from Columbia University Business School.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.01 | 35.82 | 6.24 | 1.25 |