UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
Filed by the Registrant ☒
Filed by a Party other than the Registrant ☐
Check the appropriate box:
| ☐ | Preliminary Proxy Statement |
| ☐ | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
| ☐ | Definitive Proxy Statement |
| ☒ | Definitive Additional Materials |
| ☐ | Soliciting Material Pursuant to §240.14a-12 |
| | |
| PIONEER BOND FUND | | PIONEER SERIES TRUST V |
| PIONEER EQUITY INCOME FUND | | PIONEER SERIES TRUST VI |
| PIONEER FUND | | PIONEER SERIES TRUST VII |
| PIONEER HIGH YIELD FUND | | PIONEER SERIES TRUST VIII |
| PIONEER ASSET ALLOCATION TRUST | | PIONEER SERIES TRUST X |
| PIONEER MID CAP VALUE FUND | | PIONEER SERIES TRUST XI |
| PIONEER MONEY MARKET TRUST | | PIONEER SERIES TRUST XII |
| PIONEER SERIES TRUST II | | PIONEER SERIES TRUST XIV |
| PIONEER SERIES TRUST III | | PIONEER SHORT TERM INCOME FUND |
| PIONEER SERIES TRUST IV | | PIONEER VARIABLE CONTRACTS TRUST |
(Name of Registrant(s) as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
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| ☐ | Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. |
| ☐ | Fee paid previously with preliminary materials. |
| ☐ | Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. |
March 2025
AMUNDI US ADVISORY
Planned Pioneer Fund Reorganizations — March 27th Shareholder Meeting Date
Important news: ISS recommends shareholders vote FOR the reorganizations
Amundi US is pleased to inform clients that independent proxy advisory firm Institutional Shareholder Services, Inc. (ISS) has recommended that shareholders of each of the open-end Pioneer Funds vote “FOR” the planned reorganization of the Pioneer Funds into newly-created Victory Pioneer Funds.
Shareholders recently received, by mail or email, important proxy material requesting that shareholders vote to approve a proposal regarding the reorganization of each Pioneer Fund into a corresponding, newly-created Fund within the Victory Funds. This proposal will be presented at the Special Meeting of Shareholders scheduled to be held on Thursday, March 27, 2025. Each reorganization is part of larger plans to integrate the advisory businesses of Amundi US and Victory Capital Management. After the reorganizations, Victory Capital Management Inc. would be each Victory Pioneer Fund’s investment adviser. Pioneer Investments, a Victory Capital investment franchise, would be responsible for the day-to-day investment management of the Fund.
The Trustees of the Pioneer Funds approved the reorganizations on December 30, 2024 after careful deliberations.
Key Details about Each Reorganization:
| | ✓ | Each open-end Pioneer Fund would be reorganized into a newly-created Victory Pioneer Fund, expected to be managed by the Pioneer Fund’s current portfolio management team. |
| | ✓ | Each newly-created Fund was formed for the sole purpose of this reorganization, and would employ substantially the same investment strategies, subject to any differences described in the proxy statement/prospectus. |
| | ✓ | Importantly, for at least three years following the reorganizations, the net expenses associated with investing in a Victory Pioneer Fund would be no higher than, either (i) net expenses associated with investing in the corresponding Pioneer Fund after application of expense limitation arrangements currently in effect for the Pioneer Fund, if any, or (ii) net expenses of the Pioneer Fund as of the end of the most recent fiscal year end at the time of the closing date of the reorganizations, whichever is lower. |
Financial advisors seeking assistance with the voting process should call our sales desk at 800-622-9876.
You can vote using one of the options below:
| | • | | Online: Visit the website indicated on the proxy card received. |
| | • | | Phone: Call (800) 488-8095. You can speak to a representative to place votes. |
| | • | | Mail: Sign, date and return proxy cards in the postage-paid envelope provided. |
Applicable legal standards require that a majority of each Fund’s outstanding voting securities approve the reorganization. Voting helps ensure that the shares are represented and that we avoid unnecessary calls and mailing.
Detailed information about the Special Meeting of Shareholders and the proposal can be found in the proxy statement/prospectus, or online at: vote.proxyonline.com/Pioneer/docs
For Broker/Dealer Use Only. Not for Use with the Public.
Shareholders are urged to read the proxy statement/prospectus relating to the reorganizations carefully and in its entirety. The proxy statement/prospectus contains information regarding the investment objectives, risks, charges and expenses of the newly-created Victory Pioneer Funds and other important information that shareholders should carefully consider.
Before investing, consider the product’s investment objectives, risks, charges and expenses. Contact your financial professional or Amundi Asset Management US for a prospectus or a summary prospectus containing this Information. Read it carefully.
Securities offered through Amundi Distributor US, Inc.
Underwriter of Pioneer mutual funds, Member SIPC
60 State Street Boston, Massachusetts 02109
amundi.com/us
©2025 Amundi Asset Management US
RO: 4306099
For Broker/Dealer Use Only. Not for Use with the Public.
