0001193125-13-043229.txt : 20130207 0001193125-13-043229.hdr.sgml : 20130207 20130207143642 ACCESSION NUMBER: 0001193125-13-043229 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20130207 DATE AS OF CHANGE: 20130207 EFFECTIVENESS DATE: 20130207 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PIONEER VALUE FUND CENTRAL INDEX KEY: 0000078758 IRS NUMBER: 042458787 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 002-32773 FILM NUMBER: 13581734 BUSINESS ADDRESS: STREET 1: 60 STATE ST STREET 2: 19TH FLOOR CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6174224960 MAIL ADDRESS: STREET 1: 60 STATE STREET, 19TH FLOOR CITY: BOSTON STATE: MA ZIP: 02109-1820 FORMER COMPANY: FORMER CONFORMED NAME: PIONEER II DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: PIONEER II INC DATE OF NAME CHANGE: 19851112 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PIONEER VALUE FUND CENTRAL INDEX KEY: 0000078758 IRS NUMBER: 042458787 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-01835 FILM NUMBER: 13581735 BUSINESS ADDRESS: STREET 1: 60 STATE ST STREET 2: 19TH FLOOR CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6174224960 MAIL ADDRESS: STREET 1: 60 STATE STREET, 19TH FLOOR CITY: BOSTON STATE: MA ZIP: 02109-1820 FORMER COMPANY: FORMER CONFORMED NAME: PIONEER II DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: PIONEER II INC DATE OF NAME CHANGE: 19851112 0000078758 S000010136 Pioneer Value Fund C000028137 Pioneer Value Fund: Class A PIOTX C000028138 Pioneer Value Fund: Class B PBOTX C000028139 Pioneer Value Fund: Class C PCOTX C000028140 Pioneer Value Fund: Class Y PVFYX 485BPOS 1 d476923d485bpos.txt PIONEER VALUE FUND File Nos. 2-32773 811-01835 As Filed with the Securities and Exchange Commission on February 7, 2013 ================================================================================ SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ----------------- FORM N-1A REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 [X] Pre-Effective Amendment No. [_] Post-Effective Amendment No. 76 [X] and/or REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 [X] Amendment No. 59 [X] (Check appropriate box or boxes) ----------------- PIONEER VALUE FUND (Exact Name of Registrant as Specified in Charter) ----------------- 60 State Street, Boston, Massachusetts 02109 (Address of Principal Executive Offices) (Zip Code) Registrant's Telephone Number, including Area Code: (617) 742-7825 Terrence J. Cullen, Pioneer Investment Management, Inc. 60 State Street, Boston, Massachusetts 02109 (Name and Address of Agent for Service) ----------------- It is proposed that this filing will become effective (check appropriate box): [X]immediately upon filing pursuant to paragraph (b) [_]on [date] pursuant to paragraph (b) [_]60 days after filing pursuant to paragraph (a)(1) [_]on [date] pursuant to paragraph (a)(1) [_]75 days after filing pursuant to paragraph (a)(2) [_]on [date] pursuant to paragraph (a)(2) of Rule 485. If appropriate, check the following box: [_]This post-effective amendment designates a new effective date for a previously filed post-effective amendment. ================================================================================ SIGNATURES Pursuant to the requirements of the Securities Act of 1933, as amended, and the Investment Company Act of 1940, as amended, the Fund certifies that it meets all of the requirements for effectiveness of this registration statement under Rule 485(b) under the Securities Act of 1933 and has has duly caused this Post-Effective Amendment No. 76 to its registration statement to be signed on its behalf by the undersigned, duly authorized, in the City of Boston, and the Commonwealth of Massachusetts, on the 7th day of February, 2013. PIONEER VALUE FUND By: /s/ Daniel K. Kingsbury ----------------------------- Daniel K. Kingsbury Executive Vice President Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed below by the following persons in the capacities indicated below on February 7, 2013: Signature Title John F. Cogan, Jr.* President, Principal Executive John F. Cogan, Jr. Officer) and Trustee Mark E. Bradley* Treasurer (Principal Financial and Mark E. Bradley Accounting Officer) David R. Bock* Trustee David R. Bock Benjamin M. Friedman* Trustee Benjamin M. Friedman Margaret B. W. Graham* Trustee Margaret B. W. Graham /s/ Daniel K. Kingsbury Executive Vice President and Daniel K. Kingsbury Trustee Thomas J. Perna* Chairman of the Board and Trustee Thomas J. Perna Marguerite A. Piret* Trustee Marguerite A. Piret Stephen K. West* Trustee Stephen K. West *By: /s/ Daniel K. Kingsbury Dated: February 7, 2013 ---------------------------------- Daniel K. Kingsbury Attorney-in-Fact EXHIBIT INDEX Exhibit No. Description EX-101.INS XBRL Instance Document EX-101.SCH XBRL Taxonomy Extension Schema Document EX-101.CAL XBRL Taxonomy Extension Calculation Linkbase EX-101.DEF XBRL Taxonomy Extension Definition Linkbase EX-101.LAB XBRL Taxonomy Extension Labels Linkbase EX-101.PRE XBRL Taxonomy Extension Presentation Linkbase EX-101.INS 2 pvf2-20130128.xml XBRL INSTANCE DOCUMENT 0000078758 2012-02-02 2013-02-01 0000078758 pvf2:S000010136Member 2012-02-02 2013-02-01 0000078758 pvf2:S000010136Member pvf2:C000028140Member 2012-02-02 2013-02-01 0000078758 pvf2:S000010136Member pvf2:C000028139Member 2012-02-02 2013-02-01 0000078758 pvf2:S000010136Member pvf2:C000028138Member 2012-02-02 2013-02-01 0000078758 pvf2:S000010136Member pvf2:C000028137Member 2012-02-02 2013-02-01 0000078758 pvf2:S000010136Member rr:AfterTaxesOnDistributionsMember pvf2:C000028137Member 2012-02-02 2013-02-01 0000078758 pvf2:S000010136Member rr:AfterTaxesOnDistributionsAndSalesMember pvf2:C000028137Member 2012-02-02 2013-02-01 0000078758 pvf2:S000010136Member pvf2:RussellOneThousandValueIndexMember 2012-02-02 2013-02-01 pure iso4217:USD 2013-02-01 485BPOS PIONEER VALUE FUND 0000078758 2013-01-28 2013-02-01 2012-09-30 false PIONEER VALUE FUND INVESTMENT OBJECTIVES Reasonable income and capital growth. FEES AND EXPENSES OF THE FUND This table describes the fees and expenses that you may pay if you buy and hold shares of the fund.<br/><br/>You may qualify for sales charge discounts if you or your family invest, or agree to invest in the future, at least $50,000 in Class A shares of the Pioneer funds. More information about these and other discounts is available from your investment professional and in the "Sales charges" section of the prospectus beginning on page 30 and the "Sales charges" section of the statement of additional information beginning on page 53. You may qualify for sales charge discounts if you or your family invest, or agree to invest in the future, at least $50,000 in Class A shares of the Pioneer funds. 50000 SHAREOWNER FEES <br/>(fees paid directly from your investment) ANNUAL FUND OPERATING EXPENSES<br/> (expenses that you pay each year as a<br/> percentage of the value of your investment) 0 0 0 0.0575 EXAMPLE This example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the fund for the time periods shown and then, except as indicated, redeem all of your shares at the end of those periods. It also assumes that (a) your investment has a 5% return each year and (b) the fund's total annual operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: 0 0.04 0.01 0 IF YOU REDEEM YOUR SHARES<br/>NUMBER OF YEARS YOU OWN YOUR SHARES IF YOU DO NOT REDEEM YOUR SHARES<br/>NUMBER OF YEARS YOU OWN YOUR SHARES 0.0049 0.0049 0.0049 0.0049 PORTFOLIO TURNOVER The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 83% of the average value of its portfolio. 0.01 0.01 0 0.0025 0.83 0.0025 0.0116 0.0061 0.0012 PRINCIPAL INVESTMENT STRATEGIES 0.0265 0.021 0.0061 0.0099 The fund seeks to invest in a broad group of carefully selected, reasonably priced securities rather than in securities whose prices reflect a premium resulting from their current market popularity. The fund invests the major portion of its assets in equity securities. For purposes of the fund's investment policies, equity securities include common stocks and other equity instruments, such as exchange-traded funds (ETFs) that invest primarily in equity securities, depositary receipts, warrants, rights, equity interests in real estate investment trusts (REITs) and preferred stocks.<br/><br/> The fund primarily invests in securities of U.S. issuers. The fund may invest up to 25% of its total assets in equity and debt securities of non-U.S. issuers. The fund will not invest more than 5% of its total assets in securities of emerging markets issuers.<br/><br/>The fund may invest up to 20% of its net assets in REITs.<br/><br/> The fund also may invest in investment grade and below investment grade debt securities (known as "junk bonds"). The fund may, but is not required to, use derivatives. The fund may use derivatives for a variety of purposes, including as a hedge against adverse changes in the market price of securities, interest rates or currency exchange rates; as a substitute for purchasing or selling securities; and to increase the fund's return as a non-hedging strategy that may be considered speculative. The fund may choose not to make use of derivatives for a variety of reasons, and any use may be limited by applicable law and regulations. The fund may also hold cash or other short-term investments.<br/><br/> The fund's investment adviser uses a value approach to select the fund's investments to buy and sell. The adviser seeks to identify securities that are selling at reasonable prices or at substantial discounts to their underlying values and then holds these securities until the market values reflect their intrinsic values. The adviser evaluates a security's potential value, including the attractiveness of its market valuation, based on the company's assets and prospects for earnings growth. In making that assessment, the adviser employs fundamental research and an evaluation of the issuer based on its financial statements and operations, employing a bottom-up analytic style. In selecting securities, the adviser also considers a security's potential to provide a reasonable amount of income. The adviser focuses on the quality and price of individual issuers and securities. PRINCIPAL RISKS OF INVESTING IN THE FUND You could lose money on your investment in the fund. As with any mutual fund, there is no guarantee that the fund will achieve its objectives.<br/><br/> MARKET RISK. The values of securities held by the fund may go up or down, sometimes rapidly or unpredictably, due to general market conditions, such as real or perceived adverse economic, political, or regulatory conditions, inflation, changes in interest or currency rates or adverse investor sentiment. Adverse market conditions may be prolonged and may not have the same impact on all types of securities. The values of securities may fall due to factors affecting a particular issuer, industry or the securities market as a whole. The stock market may perform poorly relative to other investments (this risk may be greater in the short term). High public debt in the U.S. and other countries creates ongoing systemic and market risks and policymaking uncertainty. The financial crisis that began in 2008 has caused a significant decline in the value and liquidity of many securities of issuers worldwide. Some governmental and non-governmental issuers (notably in Europe) have defaulted on, or been forced to restructure, their debts, and many other issuers have faced difficulties obtaining credit. These market conditions may continue, worsen or spread, including in the U.S., Europe and beyond. Further defaults or restructurings by governments and others of their debt could have additional adverse effects on economies, financial markets and asset valuations around the world. In response to the crisis, the U.S. and other governments and the Federal Reserve and certain foreign central banks have taken steps to support financial markets. The withdrawal of this support, failure of efforts in response to the crisis, or investor perception that these efforts are not succeeding could negatively affect financial markets generally as well as the value and liquidity of certain securities. Whether or not the fund invests in securities of issuers located in or with significant exposure to countries experiencing economic and financial difficulties, the value and liquidity of the fund's investments may be negatively affected by the countries experiencing these difficulties. In addition, policy and legislative changes in the U.S. and in other countries are affecting many aspects of financial regulation. The impact of these changes, and the practical implications for market participants, may not be fully known for some time. The fund may experience a substantial or complete loss on any individual security.<br/><br/>VALUE STYLE RISK. The prices of securities the adviser believes are undervalued may not appreciate as expected or may go down. Value stocks may fall out of favor with investors and underperform the overall equity market.<br/><br/>PORTFOLIO SELECTION RISK. The adviser's judgment about a particular security or issuer, or about the economy or a particular sector, region or market segment, or about an investment strategy, may prove to be incorrect.<br/><br/>RISKS OF NON-U.S. INVESTMENTS. Investing in non-U.S. issuers or issuers with significant exposure to foreign markets may involve unique risks compared to investing in securities of U.S. issuers. These risks are more pronounced for issuers in emerging markets or to the extent that the fund invests significantly in one region or country. These risks may include different financial reporting practices and regulatory standards, less liquid trading markets, extreme price volatility, currency risks, changes in economic, political, regulatory and social conditions, sustained economic downturns, financial instability, tax burdens, and investment and repatriation restrictions. Lack of information and less market regulation also may affect the value of these securities. Withholding and other non-U.S. taxes may decrease the fund's return. Non-U.S. issuers may be located in parts of the world that have historically been prone to natural disasters.<br/><br/>RISKS OF INVESTMENTS IN REITS. Investing in REITs involves unique risks. They are significantly affected by the market for real estate and are dependent upon management skills and cash flow. REITs may have lower trading volumes and may be subject to more abrupt or erratic price movements than the overall securities markets. In addition to its own expenses, the fund will indirectly bear its proportionate share of any management and other expenses paid by REITs in which it invests. Many real estate companies, including REITs, utilize leverage.<br/><br/>DEBT SECURITIES RISK. Factors that could contribute to a decline in the market value of debt securities in the fund include rising interest rates, if the issuer or other obligor of a security held by the fund fails to pay principal and/or interest, otherwise defaults or has its credit rating downgraded or is perceived to be less creditworthy or the credit quality or value of any underlying assets declines. Junk bonds involve greater risk of loss, are subject to greater price volatility and are less liquid, especially during periods of economic uncertainty or change, than higher quality debt securities; they may also be more difficult to value. Junk bonds have a higher risk of default or are already in default and are considered speculative.<br/><br/>MARKET SEGMENT RISK. To the extent the fund emphasizes, from time to time, investments in a market segment, the fund will be subject to a greater degree to the risks particular to that segment, and may experience greater market fluctuation than a fund without the same focus.<br/><br/>DERIVATIVES RISK. Using derivatives can increase fund losses and reduce opportunities for gains when market prices, interest rates or the derivative instruments themselves behave in a way not anticipated by the fund. Using derivatives may increase the volatility of the fund's net asset value and may not provide the result intended. Derivatives may have a leveraging effect on the fund. Some derivatives have the potential for unlimited loss, regardless of the size of the fund's initial investment. Changes in a derivative's value may not correlate well with the referenced asset or metric. The fund also may have to sell assets at inopportune times to satisfy its obligations. Derivatives may be difficult to sell, unwind or value, and the counterparty may default on its obligations to the fund. Recent legislation calls for new regulation of the derivatives markets. The extent and impact of the regulation is not yet fully known and may not be for some time. New regulation of derivatives may make them more costly, may limit their availability, or may otherwise adversely affect their value or performance.<br/><br/>RISKS OF INITIAL PUBLIC OFFERINGS. Companies involved in initial public offering (IPOs) generally have limited operating histories, and prospects for future profitability are uncertain. The market for IPO issuers has been volatile, and share prices of newly public companies have fluctuated significantly over short periods of time. Further, stocks of newly-public companies may decline shortly after the IPO. There is no assurance that the fund will have access to IPOs. The purchase of IPO shares may involve high transaction costs.<br/><br/>LEVERAGING RISK. The value of your investment may be more volatile and other risks tend to be compounded if the fund borrows or uses derivatives or other investments, such as ETFs, that have embedded leverage. Leverage generally magnifies the effect of any increase or decrease in the value of the fund's underlying assets or creates investment risk with respect to a larger pool of assets than the fund would otherwise have, potentially resulting in the loss of all assets. Engaging in such transactions may cause the fund to liquidate positions when it may not be advantageous to do so to satisfy its obligations or meet segregation requirements.<br/><br/> PORTFOLIO TURNOVER RISK. If the fund does a lot of trading, it may incur additional operating expenses, which would reduce performance and could cause shareholders to incur a higher level of taxable income or capital gains.<br/><br/>EXPENSE RISK. Your actual costs of investing in the fund may be higher than the expenses shown in "Annual fund operating expenses" for a variety of reasons. For example, expense ratios may be higher than those shown if overall net assets decrease. Net assets are more likely to decrease and fund expense ratios are more likely to increase when markets are volatile.<br/><br/>Please note that there are many other factors that could adversely affect your investment and that could prevent the fund from achieving its goals.<br/><br/>An investment in the fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. An investment in the fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. You could lose money on your investment in the fund. THE FUND'S PAST PERFORMANCE The bar chart and table indicate the risks and volatility of an investment in the fund by showing how the fund has performed in the past. The bar chart shows changes in the performance of the fund's Class A shares from calendar year to calendar year. The table shows the average annual total returns for each class of the fund over time and compares these returns to the returns of the Russell 1000 Value Index, a broad-based measure of market performance that has characteristics relevant to the fund's investment strategies. You can obtain updated performance information by visiting https://us.pioneerinvestments.com/performance or by calling 1-800-225-6292. <br/><br/>The fund's past performance (before and after taxes) does not necessarily indicate how it will perform in the future. <br/><br/>The bar chart does not reflect any sales charge you may pay when you buy fund shares. If this amount was reflected, returns would be less than those shown. 670 668 313 62 The bar chart and table indicate the risks and volatility of an investment in the fund by showing how the fund has performed in the past. The bar chart shows changes in the performance of the fund's Class A shares from calendar year to calendar year. 1-800-225-6292 872 1123 658 195 https://us.pioneerinvestments.com/performance The fund's past performance (before and after taxes) does not necessarily indicate how it will perform in the future. The bar chart does not reflect any sales charge you may pay when you buy fund shares. If this amount was reflected, returns would be less than those shown. 1091 1505 1129 340 ANNUAL RETURN CLASS A SHARES (%)<br/>(Year ended December 31) 1718 2578 2431 762 For the period covered by the bar chart:<br/>THE HIGHEST CALENDAR QUARTERLY RETURN WAS 15.93% (04/01/2003 TO 06/30/2003).<br/>THE LOWEST CALENDAR QUARTERLY RETURN WAS -22.00% (10/01/2008 TO 12/31/2008). HIGHEST CALENDAR QUARTERLY RETURN 2003-06-30 0.1593 LOWEST CALENDAR QUARTERLY RETURN 2008-12-31 -0.22 AVERAGE ANNUAL TOTAL RETURN (%)<br/>(for periods ended December 31, 2012) 670 268 213 62 After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.<br/><br/> After-tax returns are shown only for Class A shares. After-tax returns for Class B, Class C and Class Y shares will vary. 872 823 658 195 After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. After-tax returns are shown only for Class A shares. After-tax returns for Class B, Class C and Class Y shares will vary. 1091 1405 1129 340 1718 2431 762 0.0517 0.0374 0.0578 0.0639 0.1096 0.1266 0.1751 -0.0457 -0.0498 -0.0402 -0.0485 -0.045 -0.0302 0.0059 0.0338 0.0238 0.0284 0.0266 0.0286 0.0738 0.1013 0.0758 0.077 0.0234 0.0246 0.0218 0.1196 1969-09-30 1969-09-30 1969-09-30 1996-07-01 1996-07-01 2004-08-10 1978-12-31 0.2854 0.1226 0.0566 0.1553 0.0004 -0.413 0.2129 0.1 -0.0441 0.1219 <div style="display:none">~ http://www.pioneerinvestments.com/role/ScheduleAnnualTotalReturnsPioneerValueFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.pioneerinvestments.com/role/ScheduleAverageAnnualTotalReturnsTransposedPioneerValueFund column period compact * ~</div> <div style="display:none">~ http://www.pioneerinvestments.com/role/ScheduleExpenseExampleTransposedPioneerValueFund column period compact * ~</div> <div style="display:none">~ http://www.pioneerinvestments.com/role/ScheduleExpenseExampleNoRedemptionTransposedPioneerValueFund column period compact * ~</div> <div style="display:none">~ http://www.pioneerinvestments.com/role/ScheduleShareholderFeesPioneerValueFund column period compact * ~</div> <div style="display:none">~ http://www.pioneerinvestments.com/role/ScheduleAnnualFundOperatingExpensesPioneerValueFund column period compact * ~</div> 2578 The performance of Class C shares does not reflect the 1% front-end sales charge in effect prior to February 1, 2004. If you paid a 1% sales charge, your returns would be lower than those shown above. Index return information is not available for prior periods. 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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName PIONEER VALUE FUND
Prospectus Date rr_ProspectusDate Feb. 01, 2013
Pioneer Value Fund
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading PIONEER VALUE FUND
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVES
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock Reasonable income and capital growth.
Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold shares of the fund.

You may qualify for sales charge discounts if you or your family invest, or agree to invest in the future, at least $50,000 in Class A shares of the Pioneer funds. More information about these and other discounts is available from your investment professional and in the "Sales charges" section of the prospectus beginning on page 30 and the "Sales charges" section of the statement of additional information beginning on page 53.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREOWNER FEES
(fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES
(expenses that you pay each year as a
percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading PORTFOLIO TURNOVER
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 83% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 83.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts if you or your family invest, or agree to invest in the future, at least $50,000 in Class A shares of the Pioneer funds.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 50,000
Expense Example [Heading] rr_ExpenseExampleHeading EXAMPLE
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock This example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the fund for the time periods shown and then, except as indicated, redeem all of your shares at the end of those periods. It also assumes that (a) your investment has a 5% return each year and (b) the fund's total annual operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption IF YOU REDEEM YOUR SHARES
NUMBER OF YEARS YOU OWN YOUR SHARES
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption IF YOU DO NOT REDEEM YOUR SHARES
NUMBER OF YEARS YOU OWN YOUR SHARES
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The fund seeks to invest in a broad group of carefully selected, reasonably priced securities rather than in securities whose prices reflect a premium resulting from their current market popularity. The fund invests the major portion of its assets in equity securities. For purposes of the fund's investment policies, equity securities include common stocks and other equity instruments, such as exchange-traded funds (ETFs) that invest primarily in equity securities, depositary receipts, warrants, rights, equity interests in real estate investment trusts (REITs) and preferred stocks.

The fund primarily invests in securities of U.S. issuers. The fund may invest up to 25% of its total assets in equity and debt securities of non-U.S. issuers. The fund will not invest more than 5% of its total assets in securities of emerging markets issuers.

The fund may invest up to 20% of its net assets in REITs.

The fund also may invest in investment grade and below investment grade debt securities (known as "junk bonds"). The fund may, but is not required to, use derivatives. The fund may use derivatives for a variety of purposes, including as a hedge against adverse changes in the market price of securities, interest rates or currency exchange rates; as a substitute for purchasing or selling securities; and to increase the fund's return as a non-hedging strategy that may be considered speculative. The fund may choose not to make use of derivatives for a variety of reasons, and any use may be limited by applicable law and regulations. The fund may also hold cash or other short-term investments.

The fund's investment adviser uses a value approach to select the fund's investments to buy and sell. The adviser seeks to identify securities that are selling at reasonable prices or at substantial discounts to their underlying values and then holds these securities until the market values reflect their intrinsic values. The adviser evaluates a security's potential value, including the attractiveness of its market valuation, based on the company's assets and prospects for earnings growth. In making that assessment, the adviser employs fundamental research and an evaluation of the issuer based on its financial statements and operations, employing a bottom-up analytic style. In selecting securities, the adviser also considers a security's potential to provide a reasonable amount of income. The adviser focuses on the quality and price of individual issuers and securities.
Risk [Heading] rr_RiskHeading PRINCIPAL RISKS OF INVESTING IN THE FUND
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock You could lose money on your investment in the fund. As with any mutual fund, there is no guarantee that the fund will achieve its objectives.

MARKET RISK. The values of securities held by the fund may go up or down, sometimes rapidly or unpredictably, due to general market conditions, such as real or perceived adverse economic, political, or regulatory conditions, inflation, changes in interest or currency rates or adverse investor sentiment. Adverse market conditions may be prolonged and may not have the same impact on all types of securities. The values of securities may fall due to factors affecting a particular issuer, industry or the securities market as a whole. The stock market may perform poorly relative to other investments (this risk may be greater in the short term). High public debt in the U.S. and other countries creates ongoing systemic and market risks and policymaking uncertainty. The financial crisis that began in 2008 has caused a significant decline in the value and liquidity of many securities of issuers worldwide. Some governmental and non-governmental issuers (notably in Europe) have defaulted on, or been forced to restructure, their debts, and many other issuers have faced difficulties obtaining credit. These market conditions may continue, worsen or spread, including in the U.S., Europe and beyond. Further defaults or restructurings by governments and others of their debt could have additional adverse effects on economies, financial markets and asset valuations around the world. In response to the crisis, the U.S. and other governments and the Federal Reserve and certain foreign central banks have taken steps to support financial markets. The withdrawal of this support, failure of efforts in response to the crisis, or investor perception that these efforts are not succeeding could negatively affect financial markets generally as well as the value and liquidity of certain securities. Whether or not the fund invests in securities of issuers located in or with significant exposure to countries experiencing economic and financial difficulties, the value and liquidity of the fund's investments may be negatively affected by the countries experiencing these difficulties. In addition, policy and legislative changes in the U.S. and in other countries are affecting many aspects of financial regulation. The impact of these changes, and the practical implications for market participants, may not be fully known for some time. The fund may experience a substantial or complete loss on any individual security.

VALUE STYLE RISK. The prices of securities the adviser believes are undervalued may not appreciate as expected or may go down. Value stocks may fall out of favor with investors and underperform the overall equity market.

PORTFOLIO SELECTION RISK. The adviser's judgment about a particular security or issuer, or about the economy or a particular sector, region or market segment, or about an investment strategy, may prove to be incorrect.

RISKS OF NON-U.S. INVESTMENTS. Investing in non-U.S. issuers or issuers with significant exposure to foreign markets may involve unique risks compared to investing in securities of U.S. issuers. These risks are more pronounced for issuers in emerging markets or to the extent that the fund invests significantly in one region or country. These risks may include different financial reporting practices and regulatory standards, less liquid trading markets, extreme price volatility, currency risks, changes in economic, political, regulatory and social conditions, sustained economic downturns, financial instability, tax burdens, and investment and repatriation restrictions. Lack of information and less market regulation also may affect the value of these securities. Withholding and other non-U.S. taxes may decrease the fund's return. Non-U.S. issuers may be located in parts of the world that have historically been prone to natural disasters.

RISKS OF INVESTMENTS IN REITS. Investing in REITs involves unique risks. They are significantly affected by the market for real estate and are dependent upon management skills and cash flow. REITs may have lower trading volumes and may be subject to more abrupt or erratic price movements than the overall securities markets. In addition to its own expenses, the fund will indirectly bear its proportionate share of any management and other expenses paid by REITs in which it invests. Many real estate companies, including REITs, utilize leverage.

DEBT SECURITIES RISK. Factors that could contribute to a decline in the market value of debt securities in the fund include rising interest rates, if the issuer or other obligor of a security held by the fund fails to pay principal and/or interest, otherwise defaults or has its credit rating downgraded or is perceived to be less creditworthy or the credit quality or value of any underlying assets declines. Junk bonds involve greater risk of loss, are subject to greater price volatility and are less liquid, especially during periods of economic uncertainty or change, than higher quality debt securities; they may also be more difficult to value. Junk bonds have a higher risk of default or are already in default and are considered speculative.

MARKET SEGMENT RISK. To the extent the fund emphasizes, from time to time, investments in a market segment, the fund will be subject to a greater degree to the risks particular to that segment, and may experience greater market fluctuation than a fund without the same focus.

DERIVATIVES RISK. Using derivatives can increase fund losses and reduce opportunities for gains when market prices, interest rates or the derivative instruments themselves behave in a way not anticipated by the fund. Using derivatives may increase the volatility of the fund's net asset value and may not provide the result intended. Derivatives may have a leveraging effect on the fund. Some derivatives have the potential for unlimited loss, regardless of the size of the fund's initial investment. Changes in a derivative's value may not correlate well with the referenced asset or metric. The fund also may have to sell assets at inopportune times to satisfy its obligations. Derivatives may be difficult to sell, unwind or value, and the counterparty may default on its obligations to the fund. Recent legislation calls for new regulation of the derivatives markets. The extent and impact of the regulation is not yet fully known and may not be for some time. New regulation of derivatives may make them more costly, may limit their availability, or may otherwise adversely affect their value or performance.

RISKS OF INITIAL PUBLIC OFFERINGS. Companies involved in initial public offering (IPOs) generally have limited operating histories, and prospects for future profitability are uncertain. The market for IPO issuers has been volatile, and share prices of newly public companies have fluctuated significantly over short periods of time. Further, stocks of newly-public companies may decline shortly after the IPO. There is no assurance that the fund will have access to IPOs. The purchase of IPO shares may involve high transaction costs.

LEVERAGING RISK. The value of your investment may be more volatile and other risks tend to be compounded if the fund borrows or uses derivatives or other investments, such as ETFs, that have embedded leverage. Leverage generally magnifies the effect of any increase or decrease in the value of the fund's underlying assets or creates investment risk with respect to a larger pool of assets than the fund would otherwise have, potentially resulting in the loss of all assets. Engaging in such transactions may cause the fund to liquidate positions when it may not be advantageous to do so to satisfy its obligations or meet segregation requirements.

PORTFOLIO TURNOVER RISK. If the fund does a lot of trading, it may incur additional operating expenses, which would reduce performance and could cause shareholders to incur a higher level of taxable income or capital gains.

EXPENSE RISK. Your actual costs of investing in the fund may be higher than the expenses shown in "Annual fund operating expenses" for a variety of reasons. For example, expense ratios may be higher than those shown if overall net assets decrease. Net assets are more likely to decrease and fund expense ratios are more likely to increase when markets are volatile.

Please note that there are many other factors that could adversely affect your investment and that could prevent the fund from achieving its goals.

An investment in the fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Risk Lose Money [Text] rr_RiskLoseMoney You could lose money on your investment in the fund.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading THE FUND'S PAST PERFORMANCE
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The bar chart and table indicate the risks and volatility of an investment in the fund by showing how the fund has performed in the past. The bar chart shows changes in the performance of the fund's Class A shares from calendar year to calendar year. The table shows the average annual total returns for each class of the fund over time and compares these returns to the returns of the Russell 1000 Value Index, a broad-based measure of market performance that has characteristics relevant to the fund's investment strategies. You can obtain updated performance information by visiting https://us.pioneerinvestments.com/performance or by calling 1-800-225-6292.

The fund's past performance (before and after taxes) does not necessarily indicate how it will perform in the future.

The bar chart does not reflect any sales charge you may pay when you buy fund shares. If this amount was reflected, returns would be less than those shown.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart and table indicate the risks and volatility of an investment in the fund by showing how the fund has performed in the past. The bar chart shows changes in the performance of the fund's Class A shares from calendar year to calendar year.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-800-225-6292
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress https://us.pioneerinvestments.com/performance
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The fund's past performance (before and after taxes) does not necessarily indicate how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading ANNUAL RETURN CLASS A SHARES (%)
(Year ended December 31)
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The bar chart does not reflect any sales charge you may pay when you buy fund shares. If this amount was reflected, returns would be less than those shown.
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock For the period covered by the bar chart:
THE HIGHEST CALENDAR QUARTERLY RETURN WAS 15.93% (04/01/2003 TO 06/30/2003).
THE LOWEST CALENDAR QUARTERLY RETURN WAS -22.00% (10/01/2008 TO 12/31/2008).
Performance Table Heading rr_PerformanceTableHeading AVERAGE ANNUAL TOTAL RETURN (%)
(for periods ended December 31, 2012)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on the investor's tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown only for Class A shares. After-tax returns for Class B, Class C and Class Y shares will vary.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

After-tax returns are shown only for Class A shares. After-tax returns for Class B, Class C and Class Y shares will vary.
Pioneer Value Fund | CLASS A
 
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) when you buy shares (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.75%
Maximum deferred sales charge (load) (as a percentage of offering price or the amount you receive when you sell shares, whichever is less) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 0.49%
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.25%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.99%
1 rr_ExpenseExampleYear01 670
3 rr_ExpenseExampleYear03 872
5 rr_ExpenseExampleYear05 1,091
10 rr_ExpenseExampleYear10 1,718
1 rr_ExpenseExampleNoRedemptionYear01 670
3 rr_ExpenseExampleNoRedemptionYear03 872
5 rr_ExpenseExampleNoRedemptionYear05 1,091
10 rr_ExpenseExampleNoRedemptionYear10 1,718
2003 rr_AnnualReturn2003 28.54%
2004 rr_AnnualReturn2004 12.26%
2005 rr_AnnualReturn2005 5.66%
2006 rr_AnnualReturn2006 15.53%
2007 rr_AnnualReturn2007 0.04%
2008 rr_AnnualReturn2008 (41.30%)
2009 rr_AnnualReturn2009 21.29%
2010 rr_AnnualReturn2010 10.00%
2011 rr_AnnualReturn2011 (4.41%)
2012 rr_AnnualReturn2012 12.19%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel HIGHEST CALENDAR QUARTERLY RETURN
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2003
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 15.93%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel LOWEST CALENDAR QUARTERLY RETURN
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (22.00%)
1 YEAR rr_AverageAnnualReturnYear01 5.78%
5 YEARS rr_AverageAnnualReturnYear05 (4.57%)
10 YEARS rr_AverageAnnualReturnYear10 3.38%
SINCE INCEPTION rr_AverageAnnualReturnSinceInception 10.13%
INCEPTION DATE rr_AverageAnnualReturnInceptionDate Sep. 30, 1969
Pioneer Value Fund | CLASS B
 
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) when you buy shares (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a percentage of offering price or the amount you receive when you sell shares, whichever is less) rr_MaximumDeferredSalesChargeOverOfferingPrice 4.00%
Management Fees rr_ManagementFeesOverAssets 0.49%
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 1.16%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.65%
1 rr_ExpenseExampleYear01 668
3 rr_ExpenseExampleYear03 1,123
5 rr_ExpenseExampleYear05 1,505
10 rr_ExpenseExampleYear10 2,578
1 rr_ExpenseExampleNoRedemptionYear01 268
3 rr_ExpenseExampleNoRedemptionYear03 823
5 rr_ExpenseExampleNoRedemptionYear05 1,405
10 rr_ExpenseExampleNoRedemptionYear10 2,578
1 YEAR rr_AverageAnnualReturnYear01 6.39%
5 YEARS rr_AverageAnnualReturnYear05 (4.85%)
10 YEARS rr_AverageAnnualReturnYear10 2.66%
SINCE INCEPTION rr_AverageAnnualReturnSinceInception 2.34%
INCEPTION DATE rr_AverageAnnualReturnInceptionDate Jul. 01, 1996
Pioneer Value Fund | CLASS C
 
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) when you buy shares (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a percentage of offering price or the amount you receive when you sell shares, whichever is less) rr_MaximumDeferredSalesChargeOverOfferingPrice 1.00%
Management Fees rr_ManagementFeesOverAssets 0.49%
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.61%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.10%
1 rr_ExpenseExampleYear01 313
3 rr_ExpenseExampleYear03 658
5 rr_ExpenseExampleYear05 1,129
10 rr_ExpenseExampleYear10 2,431
1 rr_ExpenseExampleNoRedemptionYear01 213
3 rr_ExpenseExampleNoRedemptionYear03 658
5 rr_ExpenseExampleNoRedemptionYear05 1,129
10 rr_ExpenseExampleNoRedemptionYear10 2,431
1 YEAR rr_AverageAnnualReturnYear01 10.96% [1]
5 YEARS rr_AverageAnnualReturnYear05 (4.50%) [1]
10 YEARS rr_AverageAnnualReturnYear10 2.86% [1]
SINCE INCEPTION rr_AverageAnnualReturnSinceInception 2.46% [1]
INCEPTION DATE rr_AverageAnnualReturnInceptionDate Jul. 01, 1996 [1]
Pioneer Value Fund | CLASS Y
 
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) when you buy shares (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a percentage of offering price or the amount you receive when you sell shares, whichever is less) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 0.49%
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.12%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.61%
1 rr_ExpenseExampleYear01 62
3 rr_ExpenseExampleYear03 195
5 rr_ExpenseExampleYear05 340
10 rr_ExpenseExampleYear10 762
1 rr_ExpenseExampleNoRedemptionYear01 62
3 rr_ExpenseExampleNoRedemptionYear03 195
5 rr_ExpenseExampleNoRedemptionYear05 340
10 rr_ExpenseExampleNoRedemptionYear10 762
1 YEAR rr_AverageAnnualReturnYear01 12.66%
5 YEARS rr_AverageAnnualReturnYear05 (3.02%)
10 YEARS rr_AverageAnnualReturnYear10   
SINCE INCEPTION rr_AverageAnnualReturnSinceInception 2.18%
INCEPTION DATE rr_AverageAnnualReturnInceptionDate Aug. 10, 2004
Pioneer Value Fund | Return after taxes on distributions | CLASS A
 
Risk/Return: rr_RiskReturnAbstract  
1 YEAR rr_AverageAnnualReturnYear01 5.17%
5 YEARS rr_AverageAnnualReturnYear05 (4.98%)
10 YEARS rr_AverageAnnualReturnYear10 2.38%
SINCE INCEPTION rr_AverageAnnualReturnSinceInception 7.58%
INCEPTION DATE rr_AverageAnnualReturnInceptionDate Sep. 30, 1969
Pioneer Value Fund | Return after taxes on distributions and sale of shares | CLASS A
 
Risk/Return: rr_RiskReturnAbstract  
1 YEAR rr_AverageAnnualReturnYear01 3.74%
5 YEARS rr_AverageAnnualReturnYear05 (4.02%)
10 YEARS rr_AverageAnnualReturnYear10 2.84%
SINCE INCEPTION rr_AverageAnnualReturnSinceInception 7.70%
INCEPTION DATE rr_AverageAnnualReturnInceptionDate Sep. 30, 1969
Pioneer Value Fund | Russell 1000 Value Index (reflects no deduction for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
1 YEAR rr_AverageAnnualReturnYear01 17.51%
5 YEARS rr_AverageAnnualReturnYear05 0.59%
10 YEARS rr_AverageAnnualReturnYear10 7.38%
SINCE INCEPTION rr_AverageAnnualReturnSinceInception 11.96%
INCEPTION DATE rr_AverageAnnualReturnInceptionDate Dec. 31, 1978 [2]
[1] The performance of Class C shares does not reflect the 1% front-end sales charge in effect prior to February 1, 2004. If you paid a 1% sales charge, your returns would be lower than those shown above.
[2] Index return information is not available for prior periods.
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