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Terms & Conditions

The following are the terms and conditions ("Terms") on which you may use this Pioneer Global Investments Limited micro-site ("the Microsite"). Pioneer Global Investments Limited is authorised by the Central Bank of Ireland. Pioneer Global Investments Limited, 1 George's Quay Plaza, George's Quay, Dublin 2, Ireland. Registered in Ireland no. 223421 ("Pioneer").

Users

THIS MICROSITE IS DIRECTED AT BROKER/DEALERS (INTERMEDIARIES) DOMICILED AND / OR RESIDENT OUTSIDE OF THE UNITED STATES OF AMERICA WHO ARE DULY AUTHORISED AND ACTING IN THEIR PROFESSIONAL CAPACITY ONLY. ANYONE NOT MEETING THIS CONDITION SHOULD EXIT THE MICROSITE. THE MICROSITE IS NOT INTENDED FOR AND IT SHOULD NOT BE ACCESSED BY OTHER PERSONS INCLUDING RETAIL CLIENTS AND ITS CONTENT SHOULD ONLY BE RELIED UPON BY DULY AUTHORISED NON-US DOMICILED BROKER/DEALERS (INTERMEDIARIES).

This Microsite is also not directed at any person in any jurisdiction where (by reason of that person’s nationality, residence or otherwise) the publication or availability of this Microsite is prohibited. Persons in respect of whom such prohibitions apply must not access this Microsite.

The Microsite contains information covering many different investment funds, managed and registered in many different locations around the world ("the Funds") and the content herein is restricted to duly authorised to duly authorised broker/dealers (intermediaries) for informational purposes. It should not be considered as a solicitation, advice, offer or a recommendation for any security or service in any jurisdiction where such offer, solicitation or recommendation would be unlawful or unauthorised. Pioneer makes no representations that the Microsite or any contents contained on it are appropriate or available for use in any jurisdiction. This information is not intended to be published or made available to any person in any jurisdiction where doing so would result in contravention of any laws or regulations applicable to the user. In particular, certain Funds can be marketed in certain jurisdictions only. The user should ensure that the use of this information and any resulting fund transactions does not contravene any applicable restrictions in this respect. It is the user's responsibility to be informed and to observe all applicable laws and regulations of any relevant jurisdiction. By accessing this Microsite, you are representing and warranting that the applicable laws and regulations of your jurisdiction allow you to access the Microsite; that you will use any information obtained from the Microsite in accordance with all applicable laws and regulations vis-à-vis third parties including clients and taking the country of residence/domicile of same into consideration; and that you have agreed to all of the additional conditions outlined herein.

Nothing in the Microsite constitutes investment advice and its content should not be relied upon to make investment decisions or give investment advice. Investors and prospective investors should seek appropriate professional advice, including advice as to suitability and as to whether they require any governmental or other consents or need to observe any formalities to enable them to invest in any particular fund, before investing. The Funds may not be suitable for everyone. Investment in the Funds may have tax consequences and it is important to bear in mind that Pioneer does not provide tax advice. The levels and basis of taxation can change. You should consult your own tax adviser in order to understand any applicable tax consequences. Applications to invest in any funds must only be made on the basis of the offering documents relating to the specific fund (e.g. prospectus, key investor information document, investment memorandum or other applicable documentation) and may not be made via this Microsite. Please instruct your clients to read the relevant offering documents carefully before investing.

Any user distributing information taken from the Microsite, in whatever form, to any other person, agrees to attach a copy of this page and obtain the agreement of such other person to comply with the terms set forth on this page.

The information contained in the Microsite is not for distribution and does not constitute an offer to sell or the solicitation of any offer to buy any securities or services in the United States or in any of its territories or possessions subject to its jurisdiction or to or for the benefit of any United States Person. For the purposes of these Terms, a US Person includes but is not limited to a person (including a partnership, corporation, limited liability company or similar entity) that is a citizen or resident of the US or is organized or incorporated under the laws of the United States of America. The Funds have not been registered in the United States under the Investment Company Act of 1940 and units or shares of the Funds are not registered in the United States under the Securities Act of 1933 of the United States as amended.

Past performance does not guarantee and is not indicative of future results. There can be no assurances that countries, markets or sectors will perform as expected. Investments involve certain risks, including political and currency risks. Investment return and principal value may go down as well as up and could result in the loss of all capital invested. Certain funds may invest substantially in any one or a combination of (i) emerging market securities, subjecting the fund to higher liquidity, currency, political, regulatory and economic risks; (ii) securities in a single market/sector, which are subject to higher concentration risk than investments with a more diversified portfolio; (iii) small cap companies, which are subject to higher default, liquidity and volatility risk than investment in large cap companies; and (iv) below-investment grade securities, which are subject to higher counter-party/credit, market and liquidity risks than investment grade securities. Such investments may subject a fund’s net asset value to substantial loss. Certain funds may also invest in financial derivative instruments, which may subject the relevant fund to substantial counterparty/credit risk, market risk and liquidity risk and potential substantial loss. Please be aware that currency fluctuations may also affect the value of overseas investments

Access to the Microsite

Pioneer grants you a limited right to use the Microsite. Your right to use the Microsite is subject to your agreement to abide by these Terms in their entirety, as well as any other rules, procedures, policies, terms or conditions that govern all or any portion of the Microsite. At any time and for any reason Pioneer may revoke your right to use all or any portion of the Microsite. You may not violate or attempt to violate the security of the Microsite.

Content of the Microsite

Whilst Pioneer seeks to ensure that the information on this Microsite is accurate and up to date, Pioneer does not warrant the adequacy, accuracy, timeliness or completeness of this information and does not accept any liability arising from any inaccuracy or omission in or the use of or reliance on the information on this Microsite

Further, Pioneer reserves the right to change or amend the information provided at any time and without prior notice.

In view of the above, Pioneer advises you to confirm the accuracy of any information with Pioneer before seeking to rely on such information.

Intellectual Property Rights

Copyrights and all other intellectual property rights subsisting in the Microsite and each and every piece of information provided on or through the Microsite is owned by Pioneer or a third party licensor. You may not copy, modify, publish, licence, sell, resell, retransmit or otherwise make the information retrieved from the Microsite available in any manner or on any media to any third party unless you have obtained our prior written consent.

Availability of Microsite

Pioneer will endeavour to make the Microsite available but cannot guarantee that the Microsite will operate continuously or without interruptions or be error free. You must not attempt to interfere with the proper working of the Microsite and, in particular, you must not attempt to circumvent security, tamper with, hack into, or otherwise disrupt any computer system, server, Microsite, router or any other internet connected device.

Pioneer reserves the right to correct, improve or change the Microsite and to suspend access to the Microsite for maintenance or improvements. The Microsite may contain typographical errors or inaccuracies and Pioneer does not take responsibility for amending or updating such information.

Liability

The Microsite is provided on an "as is" basis and neither Pioneer nor any of its information providers, licensors, directors, employees, or agents warrant that their supply of information to users ("the Service") will be uninterrupted or error free nor does Pioneer or any of its information providers, licensors, directors, employees or agents make any warranty as to the results to be obtained from use of the Service.

The Service is distributed without warranties of any kind either express or implied, including but not limited to warranties of title or implied warranties of satisfactory quality or fitness for a particular purpose or otherwise, other than those warranties which are implied by and incapable of exclusion, restriction, or modification under applicable law.

All conditions, warranties or representations, not expressly stated in these Terms are excluded to the fullest extent permissible by law.

You are responsible for ensuring that your computer system meets all relevant technical specifications necessary to use the Microsite. You also understand that Pioneer cannot and does not guarantee or warrant that any material available on the Microsite will be free from infection, viruses and/or other code that has contaminating or destructive properties. You are responsible for implementing sufficient procedures and virus checks (including anti-virus and other security checks) to satisfy your particular requirements for the accuracy of data input and output.

Pioneer provides the Service free of charge and therefore neither Pioneer nor anyone else involved in creating, producing or delivering the Service (together the “Service Providers”) shall be liable (in tort, contract or otherwise) for any direct, indirect, incidental, special or consequential damages arising out of use of the Microsite or Service, or inability to use the Microsite or Service or out of any breach of any warranty. The Service Providers will not in any way be responsible for any acts or omissions of the user in connection with the Service or inability to use the Service or out of any breach of any warranty. The Service Providers will not in any way be responsible for any selection or retention of, or the acts or omissions of, the user in connection with the Service. The Service Providers are not responsible for any loss or damage that could result from interception of the Services by third parties, theft, operator error or strikes.

If Pioneer is liable in respect of the Microsite and/or the Service for any reason, its liability shall be limited to €100.

Linked Sites

Pioneer may provide hypertext links to sites on the Internet and Pioneer makes no representations whatsoever about any other site(s) which you may access through this Microsite or which may link to the Microsite. When you access any other site you understand that it is independent from the Microsite and that Pioneer has no control over the content or availability of that site. In addition, a link to any other site does not mean that Pioneer endorses or accepts any responsibility for the content, or the use of, such a site and shall not be liable for any loss or damage caused or alleged to be caused by or in connection with use of or reliance on any such content, goods or services available on or through any such site or resource. Any concerns regarding any external link to any third party site should be directed to that site’s operator.

Risk Statement

You should be aware and make any prospective investor aware of the risks associated with securities investment. Please remember that past performance is not necessarily a guide to the future does not guarantee and is not indicative of future results.

EU e-Privacy Directive

This Microsite uses cookies to manage authentication, navigation, and other functions. By using our Microsite, you agree that we can place these types of cookies on your device.

These terms and conditions of use should be read in conjunction with the cookies policy.

These terms and conditions of use should be read in conjunction with the privacy statement.

Telephone Recording

Please note that for business and regulatory purposes, emails and telephone calls to and from Pioneer and/or our affiliates, may be subject to recording, storage and review in order to carry out your instructions correctly, to help improve the quality of our service and in the interests of security.

General

Unless otherwise stated, all views expressed are those of Pioneer. These views are subject to change at any time based on market and other conditions and there can be no assurances that countries, markets or sectors will perform as expected. These views should not be relied upon as investment advice, as securities recommendations, or as an indication of trading intent on behalf of any of Pioneer Investments’ strategies.

Pioneer may assign or subcontract any or all of its rights and obligations under these Terms.

Pioneer may alter these Terms from time to time and post the new version on the Microsite, following which all use of the Microsite will be governed by that version.

If any provision or term of these Terms shall become or be declared illegal, invalid or unenforceable for any reason whatsoever, such term or provision shall be divisible from them and shall be deemed to be deleted from them.

These Terms and your use of the Microsite are governed by Irish law and you submit to the non-exclusive jurisdiction of the Irish courts.

Pioneer Investments is a trading name of the Pioneer Global Asset Management S.p.A. group of companies.

Notice for UK

Except where otherwise specifically noted, the Funds are unregulated collective investment schemes under the UK Financial Services and Market Act 2000 and therefore do not carry the protection provided by the UK regulatory system. In particular, there is no entitlement to compensation under the Financial Services Compensation Scheme.

In the UK, this Microsite is directed at professional clients and not at retail clients and it is approved for use by Pioneer Global Investments Limited (London Branch), Portland House, 8th Floor, Bressenden Place, London SW1E 5BH, authorised and regulated by the Central Bank of Ireland and subject to limited regulation by the Financial Conduct Authority. Details about the extent of our regulation by the Financial Conduct Authority (“FCA”) are available from us on request.

Notice for Hong Kong

The Pioneer Investments’ range of funds are not registered for sale in Hong Kong. Broker/dealers (intermediaries) accessing this Microsite are not authorised to make any information from the Microsite available to the public in Hong Kong. The content of this Microsite has not been reviewed or approved by the Hong Kong Securities and Futures Commission.

Notice for Singapore

In Singapore, this Microsite is distributed through Pioneer Investment Management Limited, Singapore Branch, 80 Raffles Place #54-03/04, UOB Plaza 1, 048624 Singapore. Certain of the Pioneer Investments range of funds are restricted schemes under Sixth Schedule to the Securities and Futures (Offers of Investments) (Collective Investment Schemes) Regulations 2005. The offer, holding and subsequent transfer of shares of sub-funds of these funds are subject to restrictions and conditions under the Securities and Futures Act (Cap. 289) of Singapore (“SFA”). The Funds are not authorised or recognised by the Monetary Authority of Singapore and no offer is allowed to be made to the Singapore retail public.

By proceeding, you are representing that you have understood and accepted the Terms. You also (i) agree that such information will apply to any subsequent access to this Microsite by you, and that all such subsequent access will be subject to the disclaimers, risk warnings and other information set out herein and (ii) warrant that no other person will access the Microsite from the same computer and log-on as you are currently using.