Pioneer SICAV – Top European Players is a feeder UCITS which allocates 100% of its assets available for investment into Pioneer Funds – Top European Players (the “Master”). The Master seeks to achieve capital appreciation over the medium to long-term by investing primarily in a portfolio of equities and equity-linked instruments issued by mid and large cap companies incorporated, headquartered or having their principal business activities in Europe. The Master is not sector specific and can invest in a broad range of sectors and industries. It seeks to add value by investing in a concentrated range of opportunities identified as attractive based on company fundamentals. The Master will invest at least 75% in equities and equity-linked instruments issued by companies having their head office in the EU.