Pioneer Equity Income Fund-Class Y
PYEQX
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
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 60 State Street Boston MA United States of America 02109
- IPO Date
- Jul 2, 1998
- CIK
- 0000869356
- Similar Companies
- Business
- Victory Pioneer Equity Income Fund (Class Y; PYEQX) is an open-end mutual fund that seeks current income and long-term growth of capital through a portfolio consisting primarily of income-producing equity securities of U.S. corporations, including common stocks, preferred stocks, and securities of other investment companies; it emphasizes large-cap value stocks in sectors such as financial services, industrials, healthcare, energy, and consumer cyclical, with top holdings including Exxon Mobil Corp., Wells Fargo & Co., JPMorgan Chase & Co., Cisco Systems Inc., and Johnson & Johnson. The fund operates in the large value category, targeting investors seeking dividend-paying equities with a focus on undervalued, high-quality U.S. companies; it is domiciled in the United States, available for sale in the U.S., with total net assets of approximately $851 million and a net expense ratio of 0.80% for Class Y shares, which require a minimum initial investment of $5 million. Launched on July 2, 1998, the fund was originally managed under Pioneer Investments with historical headquarters ties to 60 State Street, Boston, Massachusetts; it is now part of Victory Capital Holdings, Inc., based in San Antonio, Texas, following Victory Capital's 2021 acquisition of Amundi Pioneer and the recent 2025 reintroduction of the Pioneer Investments brand after closing a strategic partnership transaction with Amundi on March 31, 2025, which included reciprocal global distribution agreements and expense synergies. In terms of portfolio management, Sammi Truong has served as lead manager since March 1, 2018, with John Arege joining as co-manager effective May 24, 2023, leading to significant portfolio adjustments such as reducing the number of holdings and concentrating on high-conviction stocks amid market shifts. Recent performance highlights include Class Y shares returning 26.36% for the fiscal year ended October 31, 2024 (net asset value), though underperforming the Russell Large Value Index benchmark in quarters like Q3 2024 (7.77% vs. 9.43%) and Q2 2024 (-4.11% vs. -2.17%), attributed to sector selections in consumer staples, industrials, and energy. The fund maintains a U.S.-centric asset allocation (97.97% U.S. stocks), with minor non-U.S. exposure, and continues to prioritize quality management and business fundamentals in a high-valuation environment as of late 2025.