Pioneer Fundamental Growth Fund Class Y
FUNYX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 60 State Street Boston MA United States of America 02109
- IPO Date
- Apr 7, 2009
- CIK
- 0001174520
- Website
- amundi.com
- Similar Companies
- Business
- Victory Pioneer Fundamental Growth Fund Class Y (FUNYX) is an open-end mutual fund that seeks long-term capital growth by investing at least 80% of its net assets in equity securities of large companies comparable in size to those in the Russell 1000 Growth Index, primarily U.S. issuers; it focuses on growth stocks exhibiting high returns on growth capital, sustainable competitive advantages, secular growth opportunities, and attractive valuations. The fund offers Class Y shares with a net expense ratio of 0.76%, a minimum initial investment of $1 million (or $5 million in some listings), daily pricing, and no front-end or deferred loads; its portfolio typically holds 35 to 45 stocks, with top sectors including information technology (around 44%), consumer discretionary (18%), industrials (11%), health care (9%), and financials (9%), and key holdings such as Microsoft Corp., Amazon.com Inc., Apple Inc., Mastercard Inc., and Uber Technologies Inc. Managed by a team including Andrew Acheson (since 2007), Yves Raymond, David Chamberlain, and Matthew Gormley, the fund operates within the large growth category, with total net assets of approximately $7.4 billion and a portfolio turnover of 15-26%; it is domiciled in the United States and available primarily to U.S. institutional investors. In a major strategic shift completed on April 1, 2025, Victory Capital Holdings, Inc. acquired the Amundi US business (formerly Amundi Pioneer), reorganizing Pioneer funds including FUNYX into the Victory Funds family while reintroducing the Pioneer Investments brand to highlight the legacy of its investment professionals; this transaction established a strategic partnership with Amundi, which became a 26.1% economic shareholder in Victory Capital through 17.6 million initial shares plus adjustments, alongside 15-year reciprocal global distribution agreements to expand Pioneer strategies internationally and register Victory Capital products for non-U.S. sales. The deal, initially announced in 2024, generated $544 million in Pioneer revenue for that year with positive net flows, boosted Victory Capital's AUM to $175.5 billion as of February 2025, and targets $110 million in net expense synergies (with $50 million achieved at close); shareholder approval for the FUNYX reorganization was secured, preserving the existing investment team and processes. Launched on April 7, 2009, under the Pioneer Series Trust X (now integrated into Victory Funds), the fund maintains operations through Victory Capital Management Inc., headquartered in San Antonio, Texas, with global reach enhanced by the Amundi alliance.