Pioneer Fundamental Growth Fund
Schedule of Investments | December 31, 2022
A: PIGFX | C: FUNCX | K: PFGKX | R: PFGRX | Y: FUNYX |
Schedule of Investments | 12/31/22
(unaudited)
Shares | Value | |||||
UNAFFILIATED ISSUERS — 100.2% | ||||||
Common Stocks — 99.0% of Net Assets | ||||||
Beverages — 3.3% | ||||||
925,257 | PepsiCo., Inc. | $ 167,156,930 | ||||
Total Beverages | $167,156,930 | |||||
Capital Markets — 8.4% | ||||||
2,701,469 | Charles Schwab Corp. | $ 224,924,309 | ||||
180,196 | FactSet Research Systems, Inc. | 72,296,437 | ||||
1,230,807 | Intercontinental Exchange, Inc. | 126,268,490 | ||||
Total Capital Markets | $423,489,236 | |||||
Commercial Services & Supplies — 0.8% | ||||||
690,368(a) | Copart, Inc. | $ 42,036,508 | ||||
Total Commercial Services & Supplies | $42,036,508 | |||||
Communications Equipment — 2.4% | ||||||
463,508 | Motorola Solutions, Inc. | $ 119,450,647 | ||||
Total Communications Equipment | $119,450,647 | |||||
Electrical Equipment — 2.1% | ||||||
400,974 | Eaton Corp. Plc | $ 62,932,869 | ||||
171,528 | Rockwell Automation, Inc. | 44,180,467 | ||||
Total Electrical Equipment | $107,113,336 | |||||
Electronic Equipment, Instruments & Components — 6.2% | ||||||
2,220,213 | Amphenol Corp., Class A | $ 169,047,018 | ||||
820,552 | CDW Corp. | 146,534,176 | ||||
Total Electronic Equipment, Instruments & Components | $315,581,194 | |||||
Energy Equipment & Services — 3.0% | ||||||
2,824,969 | Schlumberger, Ltd. | $ 151,022,843 | ||||
Total Energy Equipment & Services | $151,022,843 | |||||
Entertainment — 1.6% | ||||||
682,833 | Electronic Arts, Inc. | $ 83,428,536 | ||||
Total Entertainment | $83,428,536 | |||||
Health Care Equipment & Supplies — 3.1% | ||||||
1,260,712(a) | Edwards Lifesciences Corp. | $ 94,061,722 | ||||
241,403(a) | Intuitive Surgical, Inc. | 64,056,286 | ||||
Total Health Care Equipment & Supplies | $158,118,008 |
1Pioneer Fundamental Growth Fund | | 12/31/22
Shares | Value | |||||
Hotels, Restaurants & Leisure — 3.4% | ||||||
58,310(a) | Booking Holdings, Inc. | $ 117,510,977 | ||||
444,667 | Hilton Worldwide Holdings, Inc. | 56,188,122 | ||||
Total Hotels, Restaurants & Leisure | $173,699,099 | |||||
Insurance — 2.9% | ||||||
1,125,783 | Progressive Corp. | $ 146,025,313 | ||||
Total Insurance | $146,025,313 | |||||
Interactive Media & Services — 5.9% | ||||||
3,386,735(a) | Alphabet, Inc., Class C | $ 300,504,996 | ||||
Total Interactive Media & Services | $300,504,996 | |||||
Internet & Direct Marketing Retail — 3.9% | ||||||
2,333,042(a) | Amazon.com, Inc. | $ 195,975,528 | ||||
Total Internet & Direct Marketing Retail | $195,975,528 | |||||
IT Services — 9.5% | ||||||
744,964 | Mastercard, Inc., Class A | $ 259,046,332 | ||||
1,064,411(a) | PayPal Holdings, Inc. | 75,807,352 | ||||
693,536 | Visa, Inc., Class A | 144,089,039 | ||||
Total IT Services | $478,942,723 | |||||
Life Sciences Tools & Services — 6.2% | ||||||
460,366 | Danaher Corp. | $ 122,190,344 | ||||
345,979 | Thermo Fisher Scientific, Inc. | 190,527,175 | ||||
Total Life Sciences Tools & Services | $312,717,519 | |||||
Machinery — 1.5% | ||||||
346,936 | Illinois Tool Works, Inc. | $ 76,430,001 | ||||
Total Machinery | $76,430,001 | |||||
Pharmaceuticals — 5.5% | ||||||
552,179 | Eli Lilly & Co. | $ 202,009,165 | ||||
1,483,706 | Pfizer, Inc. | 76,025,096 | ||||
Total Pharmaceuticals | $278,034,261 | |||||
Professional Services — 1.6% | ||||||
446,091 | Verisk Analytics, Inc. | $ 78,699,374 | ||||
Total Professional Services | $78,699,374 | |||||
Semiconductors & Semiconductor Equipment — 5.7% | ||||||
1,016,852(a) | Advanced Micro Devices, Inc. | $ 65,861,504 | ||||
377,586 | NVIDIA Corp. | 55,180,418 | ||||
1,548,032 | QUALCOMM, Inc. | 170,190,638 | ||||
Total Semiconductors & Semiconductor Equipment | $291,232,560 |
Pioneer Fundamental Growth Fund | | 12/31/222
Schedule of Investments | 12/31/22
(unaudited) (continued)
Shares | Value | |||||
Software — 10.7% | ||||||
283,762(a) | Adobe, Inc. | $ 95,494,426 | ||||
1,534,566 | Microsoft Corp. | 368,019,618 | ||||
591,255(a) | Salesforce, Inc. | 78,394,500 | ||||
Total Software | $541,908,544 | |||||
Specialty Retail — 7.3% | ||||||
148,876(a) | O'Reilly Automotive, Inc. | $ 125,655,810 | ||||
1,085,111 | Ross Stores, Inc. | 125,948,834 | ||||
1,480,402 | TJX Cos., Inc. | 117,839,999 | ||||
Total Specialty Retail | $369,444,643 | |||||
Technology Hardware, Storage & Peripherals — 4.0% | ||||||
1,564,237 | Apple, Inc. | $ 203,241,313 | ||||
Total Technology Hardware, Storage & Peripherals | $203,241,313 | |||||
Total Common Stocks (Cost $2,795,418,811) | $5,014,253,112 | |||||
SHORT TERM INVESTMENTS — 1.2% of Net Assets | ||||||
Open-End Fund — 1.2% | ||||||
62,015,694(b) | Dreyfus Government Cash Management, Institutional Shares, 4.19% | $ 62,015,694 | ||||
$62,015,694 | ||||||
TOTAL SHORT TERM INVESTMENTS (Cost $62,015,694) | $62,015,694 | |||||
TOTAL INVESTMENTS IN UNAFFILIATED ISSUERS — 100.2% (Cost $2,857,434,505) | $5,076,268,806 | |||||
OTHER ASSETS AND LIABILITIES — (0.2)% | $(11,817,229) | |||||
net assets — 100.0% | $5,064,451,577 | |||||
(a) | Non-income producing security. |
(b) | Rate periodically changes. Rate disclosed is the 7-day yield at December 31, 2022. |
3Pioneer Fundamental Growth Fund | | 12/31/22
Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in the three broad levels below.
Level 1 | – | unadjusted quoted prices in active markets for identical securities. |
Level 2 | – | other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.). |
Level 3 | – | significant unobservable inputs (including the Adviser's own assumptions in determining fair value of investments). |
The following is a summary of the inputs used as of December 31, 2022, in valuing the Fund's investments:
Level 1 | Level 2 | Level 3 | Total | |
Common Stocks | $5,014,253,112 | $— | $— | $5,014,253,112 |
Open-End Fund | 62,015,694 | — | — | 62,015,694 |
Total Investments in Securities | $5,076,268,806 | $— | $— | $5,076,268,806 |
During the period ended December 31, 2022, there were no transfers in or out of Level 3.
Pioneer Fundamental Growth Fund | | 12/31/224