Amundi Asset Management US Inc

Fees and Compensation

Pooled Vehicles

The fees for providing investment management services to all Pooled Vehicle clients, including
Domestic Funds and other similarly managed accounts such as private funds and Off-Shore
Funds, are negotiated on an individual basis and vary significantly among clients. Fees generally
are expressed as a percentage of assets under management of the client, and clients are billed
monthly or quarterly and in arrears. Fees paid by certain clients also may include performance
fees permitted by Section 205(b) of the Investment Advisers Act of 1940, as amended (the
“Investment Advisers Act”) and SEC Rules adopted thereunder.

With respect to the Domestic Funds, each management contract generally has an initial term of
two years and continues thereafter only if approved by the Fund’s Board of Trustees (the
“Board”), including a majority of the Board’s independent trustees, annually and may be
terminated without penalty by either the Fund, by a vote of the Fund’s Board or by a vote of a
majority of its outstanding voting securities, or by Amundi US upon 60 days’ prior written notice
to the Fund. The contracts also terminate if “assigned,” as that term is defined in the Investment
Company Act. The fees are described below and in the investment company registration
statements and amendments filed with the SEC. Management fees are calculated as a percentage
of assets under management.

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Domestic Funds                               Management Fee (expressed as a percentage of
                                             assets under management)

Pioneer Active Credit Fund                   0.35% up to $1 Billion; 0.30% on the excess
                                             over $1 Billion
Pioneer AMT-Free Municipal Fund              0.50% up to $250 Million; 0.45% on the next
                                             $500 Million; 0.40% on the next $1.25 Billion;
                                             and 0.35% on the excess over $2 Billion
Pioneer Balanced ESG Fund                    0.50% up to $1 Billion; 0.45% on the excess
                                             over $1 Billion
Pioneer Bond Fund                            0.40% up to $500 Million; 0.35% on the next
                                             $500 Million, 0.30% on the next $1 Billion;
                                             0.25% on the next $8 Billion; and 0.225% on the
                                             excess over $10 Billion.
Pioneer Bond VCT Portfolio                   0.40%
Pioneer CAT Bond Fund                        1.20% up to $1 Billion; 1.00% on the excess of
                                             $1 Billion
Pioneer U.S Government Money Market          0.35% up to $1 Billion; 0.30% on the excess
Fund                                         over $1 Billion
Pioneer Core Equity Fund                     0.50% up to $5 Billion; 0.45% on the excess
                                             over $5 Billion.
Pioneer Disciplined Growth Fund              0.65% up to $1 Billion; 0.60% on the next $4
                                             Billion; and 0.55% on the excess over $5 Billion
Pioneer Disciplined Value Fund               0.40% up to $5 Billion; 0.35% on the excess
                                             over $5 Billion
Pioneer Diversified High Income Fund,        0.85%, The fees for closed-end funds are
Inc.                                         calculated based on managed assets, which
                                             include investment leverage.
Pioneer Equity Income Fund                   0.60% up to $10 Billion; 0.575% on the excess
                                             over $10 Billion
Pioneer Equity Income VCT Portfolio          0.65% up to $1 Billion; 0.60% on the excess
                                             over $1 Billion
Pioneer Equity Premium Income Fund           0.70% up to $1 Billion; 0.675% on the next $1
                                             Billion; and 0.65% on the excess over $2
                                             Billion.
Pioneer Floating Rate Fund                   0.60% up to $500 Million; 0.55% on the next
                                             $1.5 Billion; and 0.50% on the excess over $2
                                             Billion

                                         FIRM BROCHURE

    Pioneer Floating Rate Fund, Inc.             0.70%, The fees for closed-end funds are
                                                 calculated based on managed assets, which
                                                 include investment leverage.
    Pioneer Fundamental Growth Fund              0.65% up to $1 Billion; 0.60% on the next $6.5
                                                 Billion; and 0.55% on the excess over $7.5
                                                 Billion
    Sub-Advised: Empower Large Cap Growth        0.30% up to $500 Million; 0.24% on the next
    Fund                                         $500 Million; 0.225% on the excess over $1
                                                 Billion
    Pioneer Global Sustainable Equity Fund       0.65% up to $1 Billion; and 0.60% on the excess
                                                 over $1 Billion
    Pioneer Global Sustainable Growth Fund       0.65% up to $1 Billion; 0.60% on the excess
                                                 over $1 Billion
    Pioneer Global Sustainable Value Fund        0.65% up to $1 Billion; 0.60% on the excess
                                                 over $1 Billion
    Pioneer High Income Municipal Fund           0.50% up to $500 Million; 0.475% on the next
                                                 $500 Million; and 0.450% on the excess over $1
                                                 Billion
...

Types of Clients

Amundi US provides investment advisory services encompassing a wide range of investment
strategies, as discussed herein.

Pooled Vehicles

Amundi US provides investment management services to various entities, including Domestic
Funds that are registered under the Investment Company Act, and other similarly managed
accounts such as private funds and Off-Shore Funds, unregistered pooled investment vehicles,
CITs, and pension and profit sharing plans. Amundi US also serves as a sub-adviser to RICs.
Each Domestic Fund prospectus contains information related to opening and maintaining an
account and other account policies.

Separate Accounts, Model Portfolios, and SMA Programs

Amundi US also provides investment advisory services to various entities including separate
accounts owned by institutional clients such as charitable organizations, endowments, high net

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worth individuals, corporations and other businesses, central and supranational banks and state
and local retirement boards. Advisory services for separate accounts are limited to portfolio
management services for businesses or institutional clients. The foregoing entities may be
organized in the United States or other countries.

Amundi US also provides investment advisory services to Model Portfolios and SMA Programs,
consisting of both institutional and individual clients.

Separately managed accounts require an initial investment. Additional investments into a
separately managed account are not subject to a minimum requirement. Initial investment
minimums for SMA Programs are determined individually for each client. The minimum
account size for CIT’s and unregistered pool vehicles is typically $3 million.

 Methods of Analysis, Investment Strategies and Risk of Loss

Amundi US selects investments from a wide range of asset classes and employs a variety of
styles in managing client assets. With respect to equity securities, Amundi US employs both
fundamental research and quantitative research to its portfolio management. From both the
fundamental research and quantitative research groups, information flows to the portfolio
managers, who are responsible for active portfolio management. The investment management
teams evaluate the research teams’ recommendations against Amundi US’s buy or sell
disciplines, and act accordingly.

With respect to fixed income securities, Amundi US’s investment professionals consistently
apply well established means of identifying potentially rewarding securities, bolstered by access
to information from their associates around the globe and aided by technology. Whether
applying top-down analysis that leads to selection of government bonds, or the bottom-up
approach that ends with corporate bonds being selected, the investment management teams’ goal
is portfolio construction that matches product objectives and supports investors’ goals.

Pooled Vehicles

The significant investment strategies that Amundi US uses in managing assets in the Domestic
Funds and other similarly managed accounts such as private funds and Off-Shore Funds, are
described below. Any percentage limitations on investment strategies are those of the applicable
Domestic Fund. Other similarly managed accounts may have different percentage limitations. In
each of its strategies, Amundi US utilizes macroeconomic research regarding economic forecasts
and analysis, as well as industry data relating to profits and trends. Demographic, technological
and social trends are also analyzed in the overall analysis of certain securities. The material risks
involved with these strategies or methods of analysis are described at the end of this section.

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Equity Strategies

      The significant investment strategies for Pioneer Fund and              Principal Risks:
       certain other similarly managed and sub-advised accounts with           - Market risk
       investment objectives of reasonable income and capital growth           - Value style risk
       are:                                                                    - Portfolio selection
                                                                                   risk
The fund invests in a broad group of carefully selected securities that        - ESG risk
Amundi US believes are reasonably priced, rather than in securities            - Risks of
whose prices reflect a premium resulting from their current market                 investments in real
popularity. The fund invests predominantly in equity securities. For               estate related
purposes of the fund's investment policies, equity securities include              securities
common stocks and other equity instruments, such as securities of other        - Risks of warrants
investment companies (including mutual funds, exchange-traded funds                and rights
and closed-end funds) that invest primarily in equity securities, equity       - Preferred stocks
interests in real estate investment trusts (REITs), depositary receipts,           risk
warrants, rights and preferred stocks.                                         - Risks of initial
                                                                                   public offerings
The fund primarily invests in securities of U.S. issuers. The fund may         - Risks of investment
invest up to 15% of its total assets in securities of non-U.S. issuers. The        in other funds
fund will not invest more than 5% of its total assets in the securities of     - Debt securities risk
emerging markets issuers.                                                      - Risks of non-U.S.
                                                                                   investments
The fund may invest up to 15% of its net assets in REITs.                      - Market segment
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