Pioneer Investments does not provide advisory services for you.

All information on the funds is provided solely for information puurposes. If you wish to carry out fund transactions on the basis of this information, we or our partners will offer execution-only services.

The sole authoritative basis of unit purchase is full prospectus with the contractual terms and conditions/the regulations valid at the time or the condensed prospectus in conjuction with the latest annual report or - if available - semi-annual report of the fund. You can obtain these documents by mail from the paying agent BNP Paribas (Suisse) S.A,with registered office in Genf, Switzerland, from Pioneer Investments AG, Schanzenstrasse 1, 3001 Bern, Switzerland, from Pioneer Global Investments Limited, Dublin, Geneva Office, rue du Marché 7, 1204 Geneva, Switzerland, from Pioneer Investments Global Limited Dublin, Zurich Office, Gottfried-Keller-Strasse 7, 8001 Zurich, Switzerland, and via download from our Download Center.

The information on investment fund on this website has been reviewed only for its compatibility with Swiss law. The dissemination of such information may be subject to statutory restrictions in some foreign jurisdictions. The information below is therefore not intended for natural persons or legal entities whose residence or business location is subject to a foreign jurisdiction providing for restrictions regarding the dissemination of such information. As a result, the information on this website does not constitute an offer or solicitation for the purchase or sale of investment fund in any countries or jurisdiction in which

a) such offer or solicitation is not permitted, or

b) Pioneer Investments is not authorized to submit such an offer or solicitation, or

c) the submission of such offer or solicitation to residents is unlawful,

and must not be used for such purposes.

Units in funds under Swiss, Luxembourg and German law may not be offered for public distribution in the United States of America ("US") or any of its territories or possessions or to US persons. This also applies to territories or possessions subject to the jurisdiction of the US.

Please not that not all funds or unit classes of a fund may be available in individual countries.

Investments in funds not registered for public distribution may result in substantial disadvantages for investors, especially from a tax perspective.

Pioneer Funds is a "fonds commun de placement" with several separate sub-funds established under the laws of the Grand Duchy of Luxembourg.

Representative and paying agent in Switzerland (from which free hardcopies of the annual and semi-annual reports, the prospectus, additional information and the trust instrument/articles of association can be obtained): BNP Paribas (Suisse) S.A, with registered office in Geneva. Address for inquiries, notifications and payments: Place de Hollande 2, 1204 Geneva, Switzerland. Free hardcopies of the prospectus, additional information and the trust instrument/articles of association are also available from Pioneer Investments AG, Schanzenstrasse 1, 3001 Bern, from Pioneer Global Investments Limited, Dublin, Geneva Office, rue du Marché 7, 1204 Geneva, and from Pioneer Global Investments Limited, Dublin, Zurich Office, Gottfried-Keller-Strasse 7, 8001 Zurich, Switzerland.

Pioneer Investments funds are available exclusively from banks, insurance companies and selected financial advisors.

Fund unit values and investment returns may rise and fall. It is possible that you will not receive the full amount invested upon redemption of units. Regular payments within the context of an investment plan do not necessarily result in steady capital growth: although the number of units acquired will increase regularly, their value may be subject to what can be, in some instances, substantial fluctuations, depending on the performance of the securities markets in which the fund in question invests. Past performance does not guarantee future results. Exchange rate fluctuations may also impact the value of your investments. You should be mindful of the fact that investments in emerging markets and an investment focus on individual countries, sectors or themes are subject to higher risks than investments in established markets.

Given the increasingly rapid amendments to laws and uncertainties with respect to deviating interpretations of existing laws by the tax authorities, no liability can be assumed for the occurrence of certain tax results. Binding determination of taxable income is the responsibility of the tax authorities in the countries in which the investor is taxable. Please consult your tax adviser for information about your own tax situation.

Subscription applications will be accepted only on the basis and under the terms and conditions of the prospectus valid at the time of purchase and the financial reports attached thereto.

Even if you already have a fund account, you should request the currently valid prospectus, if you wish to make additional unit purchases.

Distribution partners and banks work on their own behalf and for their own account. They provide an independent service to the investor and are not agents of the funds of Pioneer Investments, the management company or any other member of the Pioneer Investments Group. Pioneer Investments Group does not assume any liability for distribution partners and banks within the meaning of the Banking Act or in any other respect. Reference to distribution partners and banks is made solely with respect to the purchase of Pioneer Investments funds and not with respect to any other financial products that may be offered by said distribution partners and banks. Distribution partners and banks are not authorised to accept payments for fund units on behalf of the investment company, the management company or any other member of the Pioneer Investments Group.

The information provided on this website does not constitute an offer to purchase fund units, but serves only for illustration purposes and neither implies nor guarantees the performance of an investment. Nothing in the Website constitutes investment advice. All information contained herein is from Pioneer Investments, except where otherwise stated.

Pioneer Investments AG continuously verifies and updates the information on its websites. Despite the utmost care, data may change in the interim. No liability or guarantee can thus be assumed for the topicality, accuracy or completeness of the information provided. This also applies to any other websites made accessible by hyperlink. Pioneer Investments AG is not responsible for the content of such websites. Please notify us if you find unlawful content on a website to which we have created a hyperlink, so that we can delete the link. Pioneer Investments AG also reserves the right to modify or supplement the information provided.

All personal data collected and archived via this website serve the purpose of information provision by the companies of the Pioneer Investments Group. Such data is passed on within the Pioneer Investments Group. No personal data is transferred to third parties not affiliated with the companies of the Pioneer Investments Group.

The content and structure of the website of Pioneer Investments are protected by copyright. The reproduction of information or data, in particular the use of texts, parts thereof or images, is subject to the prior consent of Pioneer Investments AG.

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