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5 Strong Buy Pioneer Mutual Funds

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Founded 87 years ago, Pioneer Investments provides diverse investment products to its clients, including institutions, corporations and private investors. Pioneer Investments’ assets under management were $248.9 billion as of March 31, 2016. The company operates in 28 countries with its three key investment hubs located in Dublin, London and Boston.

Pioneer Investments offers a variety of products including mutual funds, retirement products, institutional strategies and structured products. The main objective of the company is to provide effective investment solutions that will fulfill the needs of its investors. The company with its experienced workforce of 2050 employees and investment professionals has been able to offer the best opportunities worldwide.

Below we share with you five top-rated Pioneer mutual funds. Each has earned a Zacks Mutual Fund Rank #1(Strong Buy) and is expected to outperform its peers in the future. To view the Zacks Rank and past performance of all Pioneer Investment mutual funds, investors can click here to see the complete list of Pioneer Investment funds.

Pioneer Value A (PIOTX - Free Report) invests a major portion of its assets in securities of domestic companies. PIOTX may also focus on acquiring common stocks through initial public offerings. The fund seeks growth of capital in the long run. It may also invest not more than one-tenth of its assets in foreign companies, including emerging markets. Pioneer Value A has a three-year annualized return of 7.2%.

PIOTX has an expense ratio of 0.99% as compared to the category average of 1.10%.

Pioneer AMT-Free Municipal A (PBMFX - Free Report) seeks growth of income which is tax-exempted. PBMFX normally invests more than 80% of its assets in investment grade municipal debt securities, which have more than one year of maturity. Pioneer AMT-Free Municipal A has a three-year annualized return of 6.1%.

David Eurkus is one of the fund managers of PBMFX since Jun 9, 2006.                

Pioneer Disciplined Growth A (PINDX - Free Report) invests its assets in equity securities of domestic companies. PINDX also invests in exchange traded funds (ETFs) and depositary receipts. The fund seeks long-run capital appreciation. It invests in securities of companies with different market cap sizes and from various market sectors. Pioneer Disciplined Growth A has a three-year annualized return of 10.9%.

As of Apr 2016, PINDX held 43 issues, with 5.04% of its assets invested in The Home Depot, Inc.

Pioneer Fundamental Growth A (PIGFX - Free Report) seeks capital growth for the long run. PIGFX invests the lion’s share of its assets in equity related securities of large-cap companies. Companies with market capitalization similar to those included in the Russell 1000 Growth Index are considered large caps by the PIGFX advisors. The fund is expected to invest its assets not only in bonds that are rated investment-grade but also in the below investment grade securities or "junk bonds". Pioneer Fundamental Growth A has a three-year annualized return of 12%.

PIGFX has an expense ratio of 1.09% as compared to the category average of 1.17%.

Pioneer Dynamic Credit A (RCRAX - Free Report) invests large chunk of its assets in debt securities. RCRAX seeks total return through growth of capital and income. The fund also invests in derivative instruments, which have similar characteristics as debt securities. Pioneer Dynamic Credit A has a three-year annualized return of 0.9%.

Michael Temple is one of the fund managers of RCRAX since Apr 29, 2011.

To view the Zacks Rank and past performance of all Pioneer mutual funds, investors can click here to see the complete list of Pioneer Investment funds.

About Zacks Mutual Fund Rank

By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Learn more about the Zacks Mutual Fund Rank at https://www.zacks.com/funds.

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