Pioneer Fundamental Growth Fund
Schedule of Investments | June 30, 2023
A: PIGFX | C: FUNCX | K: PFGKX | R: PFGRX | Y: FUNYX |
Schedule of Investments | 6/30/23
(unaudited)
Shares | Value | |||||
UNAFFILIATED ISSUERS — 100.4% | ||||||
Common Stocks — 96.3% of Net Assets | ||||||
Beverages — 3.2% | ||||||
1,038,325 | PepsiCo., Inc. | $ 192,318,556 | ||||
Total Beverages | $192,318,556 | |||||
Broadline Retail — 5.8% | ||||||
2,678,843(a) | Amazon.com, Inc. | $ 349,213,973 | ||||
Total Broadline Retail | $349,213,973 | |||||
Capital Markets — 3.5% | ||||||
178,987 | FactSet Research Systems, Inc. | $ 71,711,142 | ||||
1,222,541 | Intercontinental Exchange, Inc. | 138,244,936 | ||||
Total Capital Markets | $209,956,078 | |||||
Commercial Services & Supplies — 1.0% | ||||||
685,732(a) | Copart, Inc. | $ 62,545,616 | ||||
Total Commercial Services & Supplies | $62,545,616 | |||||
Communications Equipment — 2.3% | ||||||
460,395 | Motorola Solutions, Inc. | $ 135,024,646 | ||||
Total Communications Equipment | $135,024,646 | |||||
Electrical Equipment — 2.0% | ||||||
352,813 | Eaton Corp. Plc | $ 70,950,694 | ||||
143,830 | Rockwell Automation, Inc. | 47,384,794 | ||||
Total Electrical Equipment | $118,335,488 | |||||
Electronic Equipment, Instruments & Components — 4.9% | ||||||
1,991,394 | Amphenol Corp., Class A | $ 169,168,920 | ||||
677,515 | CDW Corp. | 124,324,003 | ||||
Total Electronic Equipment, Instruments & Components | $293,492,923 | |||||
Energy Equipment & Services — 2.3% | ||||||
2,805,994 | Schlumberger, NV | $ 137,830,425 | ||||
Total Energy Equipment & Services | $137,830,425 | |||||
Entertainment — 2.0% | ||||||
436,589 | Electronic Arts, Inc. | $ 56,625,593 | ||||
717,394(a) | Walt Disney Co. | 64,048,937 | ||||
Total Entertainment | $120,674,530 | |||||
Financial Services — 8.2% | ||||||
716,976 | Mastercard, Inc., Class A | $ 281,986,661 |
1Pioneer Fundamental Growth Fund | | 6/30/23
Shares | Value | |||||
Financial Services — (continued) | ||||||
564,899(a) | PayPal Holdings, Inc. | $ 37,695,710 | ||||
731,282 | Visa, Inc., Class A | 173,664,849 | ||||
Total Financial Services | $493,347,220 | |||||
Ground Transportation — 0.8% | ||||||
1,069,027(a) | Uber Technologies, Inc. | $ 46,149,896 | ||||
Total Ground Transportation | $46,149,896 | |||||
Health Care Equipment & Supplies — 3.7% | ||||||
1,252,244(a) | Edwards Lifesciences Corp. | $ 118,124,177 | ||||
303,099(a) | Intuitive Surgical, Inc. | 103,641,672 | ||||
Total Health Care Equipment & Supplies | $221,765,849 | |||||
Hotels, Restaurants & Leisure — 2.5% | ||||||
38,932(a) | Booking Holdings, Inc. | $ 105,129,247 | ||||
312,747 | Hilton Worldwide Holdings, Inc. | 45,520,326 | ||||
Total Hotels, Restaurants & Leisure | $150,649,573 | |||||
Household Products — 1.2% | ||||||
910,977 | Colgate-Palmolive Co. | $ 70,181,668 | ||||
Total Household Products | $70,181,668 | |||||
Insurance — 2.6% | ||||||
1,192,238 | Progressive Corp. | $ 157,816,544 | ||||
Total Insurance | $157,816,544 | |||||
Interactive Media & Services — 7.3% | ||||||
3,591,894(a) | Alphabet, Inc., Class C | $ 434,511,417 | ||||
Total Interactive Media & Services | $434,511,417 | |||||
Life Sciences Tools & Services — 5.0% | ||||||
510,542 | Danaher Corp. | $ 122,530,080 | ||||
343,657 | Thermo Fisher Scientific, Inc. | 179,303,040 | ||||
Total Life Sciences Tools & Services | $301,833,120 | |||||
Machinery — 1.2% | ||||||
277,199 | Illinois Tool Works, Inc. | $ 69,344,102 | ||||
Total Machinery | $69,344,102 | |||||
Pharmaceuticals — 4.5% | ||||||
571,989 | Eli Lilly & Co. | $ 268,251,401 | ||||
Total Pharmaceuticals | $268,251,401 | |||||
Professional Services — 1.7% | ||||||
443,095 | Verisk Analytics, Inc. | $ 100,152,763 | ||||
Total Professional Services | $100,152,763 | |||||
Pioneer Fundamental Growth Fund | | 6/30/232
Schedule of Investments | 6/30/23
(unaudited) (continued)
Shares | Value | |||||
Semiconductors & Semiconductor Equipment — 6.1% | ||||||
1,010,023(a) | Advanced Micro Devices, Inc. | $ 115,051,720 | ||||
188,340 | NVIDIA Corp. | 79,671,587 | ||||
1,411,286 | QUALCOMM, Inc. | 167,999,485 | ||||
Total Semiconductors & Semiconductor Equipment | $362,722,792 | |||||
Software — 13.2% | ||||||
384,839(a) | Adobe, Inc. | $ 188,182,422 | ||||
76,911 | Intuit, Inc. | 35,239,851 | ||||
1,311,965 | Microsoft Corp. | 446,776,561 | ||||
562,518(a) | Salesforce, Inc. | 118,837,553 | ||||
Total Software | $789,036,387 | |||||
Specialty Retail — 6.5% | ||||||
147,878(a) | O'Reilly Automotive, Inc. | $ 141,267,853 | ||||
1,077,823 | Ross Stores, Inc. | 120,856,293 | ||||
1,470,459 | TJX Cos., Inc. | 124,680,219 | ||||
Total Specialty Retail | $386,804,365 | |||||
Technology Hardware, Storage & Peripherals — 4.8% | ||||||
1,474,878 | Apple, Inc. | $ 286,082,086 | ||||
Total Technology Hardware, Storage & Peripherals | $286,082,086 | |||||
Total Common Stocks (Cost $2,747,491,807) | $5,758,041,418 | |||||
Principal Amount USD ($) | ||||||
SHORT TERM INVESTMENTS — 4.1% of Net Assets | ||||||
Repurchase Agreements — 1.3% | ||||||
78,720,000 | Bank of America, 5.06%, dated 6/30/23, to be purchased on 7/3/23 for $78,753,194, collateralized by $80,294,482 U.S. Treasury Note, 0.625%-1.125%, 10/31/26-11/30/27 | $ 78,720,000 | ||||
$78,720,000 | ||||||
3Pioneer Fundamental Growth Fund | | 6/30/23
Shares | Value | |||||
Open-End Fund — 2.8% | ||||||
164,038,322(b) | Dreyfus Government Cash Management, Institutional Shares, 5.00% | $ 164,038,322 | ||||
$164,038,322 | ||||||
TOTAL SHORT TERM INVESTMENTS (Cost $242,758,322) | $242,758,322 | |||||
TOTAL INVESTMENTS IN UNAFFILIATED ISSUERS — 100.4% (Cost $2,990,250,129) | $6,000,799,740 | |||||
OTHER ASSETS AND LIABILITIES — (0.4)% | $(25,318,185) | |||||
net assets — 100.0% | $5,975,481,555 | |||||
(a) | Non-income producing security. |
(b) | Rate periodically changes. Rate disclosed is the 7-day yield at June 30, 2023. |
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 June 30, 2023, in valuing the Fund's investments:
Level 1 | Level 2 | Level 3 | Total | |
Common Stocks | $5,758,041,418 | $— | $— | $5,758,041,418 |
Repurchase Agreements | — | 78,720,000 | — | 78,720,000 |
Open-End Fund | 164,038,322 | — | — | 164,038,322 |
Total Investments in Securities | $5,922,079,740 | $78,720,000 | $— | $6,000,799,740 |
During the period ended June 30, 2023, there were no transfers in or out of Level 3.
Pioneer Fundamental Growth Fund | | 6/30/234