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High Quality Focus Mitigates Downside Risk

February 2, 2017

Pioneer Funds - U.S. Fundamental Growth: Our Investment Philosophy

We believe a portfolio of companies that have sustainable competitive advantages, earn high returns on growth capital, demonstrate consistent growth and sell at a discount to their intrinsic value, has the potential to outperform the broader market over time with less risk.

We look for:

→ Sustainable competitive advantage 

→ High returns on growth capital 

→ Consistent growth 



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