Pioneer Global Multisector Income Fund | |||
Schedule of Investments | July 31, 2020 | |||
Ticker Symbols: | |||
Class A Class C Class Y | PGABX PGCBX PGYBX | ||
Shares | Value | |||||||
UNAFFILIATED ISSUERS - 88.4% | ||||||||
CONVERTIBLE PREFERRED STOCK - 1.1% of Net Assets | ||||||||
Banks - 1.1% | ||||||||
211(a) | Wells Fargo & Co., 7.5% | $285,167 | ||||||
Total Banks | $285,167 | |||||||
TOTAL CONVERTIBLE PREFERRED STOCK | ||||||||
(Cost $294,931) | $285,167 | |||||||
Principal Amount USD ($) | Value | |||||||
ASSET BACKED SECURITY - 0.4% of Net Assets | ||||||||
100,000 | Progress Residential Trust, Series 2017-SFR1, Class E, 4.261%, 8/17/34 (144A) | $101,843 | ||||||
TOTAL ASSET BACKED SECURITY | ||||||||
(Cost $99,999) | $101,843 | |||||||
COLLATERALIZED MORTGAGE OBLIGATIONS - 0.3% of Net Assets | ||||||||
235(b) | Alternative Loan Trust, Series 2003-14T1, Class A9, 0.622% (1 Month USD LIBOR + 45 bps), 8/25/18 | $228 | ||||||
2,828 | Federal National Mortgage Association REMICS, Series 2009-36, Class HX, 4.5%, 6/25/29 | 2,986 | ||||||
14,996 | Government National Mortgage Association, Series 2005-61, Class UZ, 5.25%, 8/16/35 | 15,751 | ||||||
13,126 | Government National Mortgage Association, Series 2009-83, Class EB, 4.5%, 9/20/39 | 14,816 | ||||||
249,986(c) | Government National Mortgage Association, Series 2019-159, Class CI, 3.5%, 12/20/49 | 24,476 | ||||||
31,174(b) | Interstar Millennium Trust, Series 2003-3G, Class A2, 0.806% (3 Month USD LIBOR + 50 bps), 9/27/35 | 28,954 | ||||||
68(b) | RALI Trust, Series 2002-QS16, Class A2, 0.722% (1 Month USD LIBOR + 55 bps), 10/25/17 | 68 | ||||||
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS | ||||||||
(Cost $101,555) | $87,279 | |||||||
COMMERCIAL MORTGAGE-BACKED SECURITY - 0.0% of Net Assets | ||||||||
43,605(c)(d) | Bayview Commercial Asset Trust, Series 2007-2A, Class IO, 0.0%, 7/25/37 (144A) | $— | ||||||
TOTAL COMMERCIAL MORTGAGE-BACKED SECURITY | ||||||||
(Cost $15,012) | $— | |||||||
CONVERTIBLE CORPORATE BOND - 0.2% of Net Assets | ||||||||
Biotechnology - 0.2% | ||||||||
50,000 | Exact Sciences Corp., 0.375%, 3/1/28 | $51,229 | ||||||
Total Biotechnology | $51,229 | |||||||
TOTAL CONVERTIBLE CORPORATE BOND | ||||||||
(Cost $42,516) | $51,229 | |||||||
CORPORATE BONDS - 45.4% of Net Assets | ||||||||
Advertising - 0.4% | ||||||||
83,000 | Interpublic Group of Cos., Inc., 4.75%, 3/30/30 | $100,509 | ||||||
Total Advertising | $100,509 | |||||||
Aerospace & Defense - 1.0% | ||||||||
134,000 | Boeing Co., 3.75%, 2/1/50 | $121,892 | ||||||
60,000 | Boeing Co., 5.805%, 5/1/50 | 70,473 | ||||||
40,000 | Raytheon Technologies Corp., 4.125%, 11/16/28 | 48,063 | ||||||
Total Aerospace & Defense | $240,428 | |||||||
Agriculture - 0.5% | ||||||||
EUR | 100,000 | BAT Capital Corp., 1.125%, 11/16/23 | $120,381 | |||||
25,000 | Cargill, Inc., 2.125%, 4/23/30 (144A) | 26,480 | ||||||
Total Agriculture | $146,861 | |||||||
Auto Manufacturers - 0.8% | ||||||||
110,000 | Ford Motor Co., 4.346%, 12/8/26 | $111,650 | ||||||
90,000 | General Motors Co., 6.6%, 4/1/36 | 109,599 | ||||||
Total Auto Manufacturers | $221,249 | |||||||
Auto Parts & Equipment - 0.1% | ||||||||
25,000 | Lear Corp., 3.5%, 5/30/30 | $25,418 | ||||||
Total Auto Parts & Equipment | $25,418 | |||||||
Banks - 8.4% | ||||||||
42,000(e) | Bank of America Corp., 4.083% (3 Month USD LIBOR + 315 bps), 3/20/51 | $54,549 | ||||||
60,000(a)(e) | Bank of America Corp., 4.3% (3 Month USD LIBOR + 266 bps) | 56,658 | ||||||
EUR | 150,000 | BNP Paribas SA, 2.375%, 2/17/25 | 188,017 | |||||
EUR | 200,000 | BPCE SA, 2.875%, 4/22/26 | 264,223 | |||||
85,000(a)(e) | Citigroup, Inc., 4.7% (SOFRRATE + 323 bps) | 81,706 | ||||||
75,000 | Cooperatieve Rabobank UA, 3.875%, 2/8/22 | 78,922 | ||||||
200,000(a)(e) | Credit Suisse Group AG, 5.1% (5 Year CMT Index + 329 bps) (144A) | 197,700 | ||||||
EUR | 100,000 | Goldman Sachs Group, Inc., 1.625%, 7/27/26 | 124,980 | |||||
105,000(e) | Goldman Sachs Group, Inc., 4.223% (3 Month USD LIBOR + 130 bps), 5/1/29 | 124,262 | ||||||
EUR | 200,000(e) | ING Groep NV, 3.0% (5 Year EUR Swap Rate + 285 bps), 4/11/28 | 248,640 | |||||
EUR | 200,000(a)(e) | Intesa Sanpaolo S.p.A., 7.75% (5 Year EUR Swap Rate + 719 bps) | 260,664 | |||||
126,000(a)(e) | JPMorgan Chase & Co., 4.6% (SOFRRATE + 313 bps) | 121,918 | ||||||
128,000(a)(e) | JPMorgan Chase & Co., 5.0% (SOFRRATE + 338 bps) | 128,857 | ||||||
EUR | 100,000(b) | Mediobanca Banca di Credito Finanziario S.p.A., 0.538% (3 Month EURIBOR + 80 bps), 5/18/22 | 117,438 | |||||
200,000(a)(e) | UBS Group AG, 7.0% (5 Year USD Swap Rate + 434 bps) (144A) | 212,222 | ||||||
Total Banks | $2,260,756 | |||||||
Beverages - 1.1% | ||||||||
115,000 | Anheuser-Busch InBev Worldwide, Inc., 5.55%, 1/23/49 | $161,647 | ||||||
100,000 | Bacardi, Ltd., 5.3%, 5/15/48 (144A) | 135,584 | ||||||
Total Beverages | $297,231 | |||||||
Building Materials - 1.5% | ||||||||
EUR | 100,000 | Buzzi Unicem S.p.A., 2.125%, 4/28/23 | $122,468 | |||||
Principal Amount USD ($) | Value | |||||||
Building Materials - (continued) | ||||||||
EUR | 100,000 | HeidelbergCement AG, 2.25%, 6/3/24 | $124,850 | |||||
EUR | 100,000 | Holcim Finance Luxembourg SA, 2.25%, 5/26/28 | 132,133 | |||||
35,000 | Martin Marietta Materials, Inc., 2.5%, 3/15/30 | 36,792 | ||||||
Total Building Materials | $416,243 | |||||||
Chemicals - 0.6% | ||||||||
EUR | 100,000 | Arkema SA, 1.5%, 1/20/25 | $124,173 | |||||
48,000 | Tronox, Inc., 6.5%, 4/15/26 (144A) | 48,120 | ||||||
Total Chemicals | $172,293 | |||||||
Commercial Services - 1.0% | ||||||||
EUR | 100,000 | Brisa-Concessao Rodoviaria SA, 2.0%, 3/22/23 | $121,552 | |||||
133,000 | Prime Security Services Borrower LLC/Prime Finance, Inc., 6.25%, 1/15/28 (144A) | 138,653 | ||||||
Total Commercial Services | $260,205 | |||||||
Diversified Financial Services - 0.2% | ||||||||
40,000(a)(e) | Charles Schwab Corp., 5.375% (5 Year CMT Index + 497 bps) | $43,800 | ||||||
Total Diversified Financial Services | $43,800 | |||||||
Electric - 3.0% | ||||||||
15,000 | AES Corp., 3.95%, 7/15/30 (144A) | $16,087 | ||||||
GBP | 125,000 | Cadent Finance Plc, 2.125%, 9/22/28 | 174,909 | |||||
79,000(a)(e) | Dominion Energy, Inc., 4.65% (5 Year CMT Index + 299 bps) | 80,454 | ||||||
GBP | 75,000 | innogy Finance BV, 5.625%, 12/6/23 | 113,928 | |||||
31,000 | New York State Electric & Gas Corp., 3.3%, 9/15/49 (144A) | 33,904 | ||||||
85,000 | NextEra Energy Capital Holdings, Inc., 3.55%, 5/1/27 | 98,626 | ||||||
40,000 | Puget Energy, Inc., 4.1%, 6/15/30 (144A) | 44,874 | ||||||
65,000 | Sempra Energy, 3.4%, 2/1/28 | 73,541 | ||||||
50,000 | Southern California Edison Co., 3.65%, 2/1/50 | 58,009 | ||||||
95,000 | Vistra Operations Co. LLC, 3.7%, 1/30/27 (144A) | 100,498 | ||||||
Total Electric | $794,830 | |||||||
Electrical Components & Equipment- 0.4% | ||||||||
EUR | 100,000 | Belden, Inc., 2.875%, 9/15/25 (144A) | $113,475 | |||||
Total Electrical Components & Equipment | $113,475 | |||||||
Electronics - 0.7% | ||||||||
41,000 | Amphenol Corp., 3.2%, 4/1/24 | $44,420 | ||||||
115,000 | Flex, Ltd., 4.875%, 6/15/29 | 132,790 | ||||||
Total Electronics | $177,210 | |||||||
Engineering & Construction - 0.4% | ||||||||
EUR | 100,000(a)(e) | Ferrovial Netherlands BV, 2.124% (5 Year EUR Swap Rate + 213 bps) | $113,073 | |||||
Total Engineering & Construction | $113,073 | |||||||
Forest Products & Paper - 0.5% | ||||||||
50,000 | International Paper Co., 4.8%, 6/15/44 | $63,832 | ||||||
5,000 | International Paper Co., 6.0%, 11/15/41 | 7,033 | ||||||
37,000 | International Paper Co., 7.3%, 11/15/39 | 54,459 | ||||||
Total Forest Products & Paper | $125,324 | |||||||
Gas - 0.4% | ||||||||
15,000 | Boston Gas Co., 3.15%, 8/1/27 (144A) | $16,716 | ||||||
73,813 | Nakilat, Inc., 6.267%, 12/31/33 (144A) | 88,022 | ||||||
Total Gas | $104,738 | |||||||
Hand/Machine Tools - 0.1% | ||||||||
20,000(e) | Stanley Black & Decker, Inc., 4.0% (5 Year CMT Index + 266 bps), 3/15/60 | $20,827 | ||||||
Total Hand/Machine Tools | $20,827 | |||||||
Healthcare-Products - 0.1% | ||||||||
24,000 | Abbott Laboratories, 3.75%, 11/30/26 | $28,256 | ||||||
Total Healthcare-Products | $28,256 | |||||||
Healthcare-Services - 1.2% | ||||||||
40,000 | Anthem, Inc., 3.65%, 12/1/27 | $46,111 | ||||||
6,000 | Anthem, Inc., 4.101%, 3/1/28 | 7,162 | ||||||
32,000 | Health Care Service Corp. A Mutual Legal Reserve Co., 3.2%, 6/1/50 (144A) | 35,168 | ||||||
80,000 | Humana, Inc., 3.95%, 3/15/27 | 92,018 | ||||||
EUR | 100,000 | IQVIA, Inc., 2.875%, 9/15/25 (144A) | 119,356 | |||||
20,000 | LifePoint Health, Inc., 6.75%, 4/15/25 (144A) | 21,550 | ||||||
Total Healthcare-Services | $321,365 | |||||||
Insurance - 6.5% | ||||||||
EUR | 100,000(a)(e) | Allianz SE, 3.375% (10 Year EUAMDB + 320 bps) | $127,267 | |||||
EUR | 200,000 | Assicurazioni Generali S.p.A., 4.125%, 5/4/26 | 265,178 | |||||
EUR | 100,000(e) | Aviva Plc, 6.125% (5 Year EUR Swap Rate + 513 bps), 7/5/43 | 133,853 | |||||
EUR | 100,000(a)(e) | AXA SA, 3.875% (11 Year EUR Swap Rate + 325 bps) | 130,277 | |||||
60,000 | AXA SA, 8.6%, 12/15/30 | 89,400 | ||||||
80,000 | CNO Financial Group, Inc., 5.25%, 5/30/29 | 91,318 | ||||||
EUR | 100,000(e) | CNP Assurances, 6.0% (3 Month EURIBOR + 447 bps), 9/14/40 | 118,137 | |||||
20,000(e) | Farmers Exchange Capital III, 5.454% (3 Month USD LIBOR + 345 bps), 10/15/54 (144A) | 23,584 | ||||||
100,000(e) | Farmers Insurance Exchange, 4.747% (3 Month USD LIBOR + 323 bps), 11/1/57 (144A) | 103,820 | ||||||
100,000 | Liberty Mutual Insurance Co., 7.697%, 10/15/97 (144A) | 169,758 | ||||||
EUR | 100,000(e) | Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, 6.25% (3 Month EURIBOR + 495 bps), 5/26/42 | 129,333 | |||||
25,000 | New York Life Insurance Co., 3.75%, 5/15/50 (144A) | 30,397 | ||||||
EUR | 100,000(a)(e) | NN Group NV, 4.375% (3 Month EURIBOR + 390 bps) | 127,850 | |||||
78,000 | Prudential Financial, Inc., 3.0%, 3/10/40 | 87,358 | ||||||
100,000 | Teachers Insurance & Annuity Association of America, 4.9%, 9/15/44 (144A) | 135,903 | ||||||
Principal Amount USD ($) | Value | |||||||
Insurance - (continued) | ||||||||
11,000 | Willis North America, Inc., 2.95%, 9/15/29 | $12,067 | ||||||
Total Insurance | $1,775,500 | |||||||
Internet - 0.9% | ||||||||
100,000 | Booking Holdings, Inc., 4.625%, 4/13/30 | $121,810 | ||||||
80,000 | Expedia Group, Inc., 3.25%, 2/15/30 | 75,556 | ||||||
50,000 | Expedia Group, Inc., 3.8%, 2/15/28 | 49,513 | ||||||
Total Internet | $246,879 | |||||||
Leisure Time - 0.1% | ||||||||
29,000 | Royal Caribbean Cruises, Ltd., 11.5%, 6/1/25 (144A) | $31,957 | ||||||
Total Leisure Time | $31,957 | |||||||
Lodging - 0.4% | ||||||||
EUR | 100,000 | Accor SA, 1.25%, 1/25/24 | $113,695 | |||||
10,000 | Marriott International, Inc., 4.625%, 6/15/30 | 10,718 | ||||||
5,000 | Marriott International, Inc., 5.75%, 5/1/25 | 5,554 | ||||||
Total Lodging | $129,967 | |||||||
Media - 0.7% | ||||||||
50,000 | CCO Holdings LLC/CCO Holdings Capital Corp., 4.75%, 3/1/30 (144A) | $53,219 | ||||||
60,000 | Comcast Corp., 4.15%, 10/15/28 | 73,747 | ||||||
100,000 | Diamond Sports Group LLC/Diamond Sports Finance Co., 6.625%, 8/15/27 (144A) | 54,750 | ||||||
10,000 | Walt Disney Co., 3.6%, 1/13/51 | 11,741 | ||||||
Total Media | $193,457 | |||||||
Mining - 0.7% | ||||||||
115,000 | Freeport-McMoRan, Inc., 5.45%, 3/15/43 | $127,937 | ||||||
50,000 | Joseph T Ryerson & Son, Inc., 11.0%, 5/15/22 (144A) | 51,565 | ||||||
Total Mining | $179,502 | |||||||
Miscellaneous Manufacturers - 0.3% | ||||||||
35,000 | General Electric Co., 4.25%, 5/1/40 | $35,847 | ||||||
40,000 | General Electric Co., 4.35%, 5/1/50 | 41,485 | ||||||
Total Miscellaneous Manufacturers | $77,332 | |||||||
Multi-National - 1.5% | ||||||||
200,000 | African Export-Import Bank, 3.994%, 9/21/29 (144A) | $202,740 | ||||||
200,000 | Banque Ouest Africaine de Developpment, 4.7%, 10/22/31 (144A) | 203,000 | ||||||
Total Multi-National | $405,740 | |||||||
Oil & Gas - 1.4% | ||||||||
40,000 | Apache Corp., 4.25%, 1/15/30 | $38,512 | ||||||
65,000 | Apache Corp., 4.375%, 10/15/28 | 64,919 | ||||||
110,000 | Cenovus Energy, Inc., 6.75%, 11/15/39 | 114,771 | ||||||
80,000 | Marathon Petroleum Corp., 5.375%, 10/1/22 | 80,377 | ||||||
39,000 | Petroleos Mexicanos, 5.35%, 2/12/28 | 34,223 | ||||||
29,000 | Valero Energy Corp., 6.625%, 6/15/37 | 40,057 | ||||||
ARS | 2,154,200 | YPF SA, 16.5%, 5/9/22 (144A) | 19,363 | |||||
Total Oil & Gas | $392,222 | |||||||
Pharmaceuticals - 1.0% | ||||||||
62,000 | AbbVie, Inc., 4.05%, 11/21/39 (144A) | $76,287 | ||||||
23,000 | Bausch Health Americas, Inc., 8.5%, 1/31/27 (144A) | 25,588 | ||||||
EUR | 100,000 | Bausch Health Cos., Inc., 4.5%, 5/15/23 | 117,411 | |||||
15,000 | Bausch Health Cos., Inc., 5.0%, 1/30/28 (144A) | 15,075 | ||||||
30,000 | Cardinal Health, Inc., 4.9%, 9/15/45 | 37,293 | ||||||
10,700 | CVS Pass-Through Trust, 5.773%, 1/10/33 (144A) | 12,392 | ||||||
Total Pharmaceuticals | $284,046 | |||||||
Pipelines - 4.2% | ||||||||
19,000 | Cameron LNG LLC, 3.302%, 1/15/35 (144A) | $21,524 | ||||||
43,000 | Cameron LNG LLC, 3.402%, 1/15/38 (144A) | 47,273 | ||||||
100,000 | Enable Midstream Partners LP, 4.4%, 3/15/27 | 94,714 | ||||||
75,000 | Enable Midstream Partners LP, 4.95%, 5/15/28 | 72,143 | ||||||
100,000 | Energy Transfer Operating LP, 5.875%, 1/15/24 | 110,301 | ||||||
110,000(a)(e) | Energy Transfer Operating LP, 7.125% (5 Year CMT Index + 531 bps) | 91,437 | ||||||
155,000 | EnLink Midstream Partners LP, 5.45%, 6/1/47 | 87,342 | ||||||
39,000 | EnLink Midstream Partners LP, 5.6%, 4/1/44 | 21,645 | ||||||
10,000 | Enterprise Products Operating LLC, 3.95%, 1/31/60 | 10,980 | ||||||
125,000 | MPLX LP, 4.875%, 12/1/24 | 140,694 | ||||||
125,000 | Phillips 66 Partners LP, 3.75%, 3/1/28 | 132,564 | ||||||
60,000 | Sabine Pass Liquefaction LLC, 5.0%, 3/15/27 | 68,646 | ||||||
60,000 | Sunoco Logistics Partners Operations LP, 6.1%, 2/15/42 | 63,094 | ||||||
90,000 | Texas Eastern Transmission LP, 3.5%, 1/15/28 (144A) | 98,469 | ||||||
57,000 | Williams Cos., Inc., 5.75%, 6/24/44 | 69,100 | ||||||
13,000 | Williams Cos., Inc., 7.75%, 6/15/31 | 17,124 | ||||||
Total Pipelines | $1,147,050 | |||||||
Real Estate - 1.4% | ||||||||
EUR | 100,000 | Akelius Residential Property AB, 1.125%, 3/14/24 | $118,357 | |||||
EUR | 100,000 | Annington Funding Plc, 1.65%, 7/12/24 | 121,805 | |||||
EUR | 100,000(a)(e) | ATF Netherlands BV, 3.75% (5 Year EUR Swap Rate + 438 bps) | 119,313 | |||||
Total Real Estate | $359,475 | |||||||
REITs - 1.0% | ||||||||
23,000 | Alexandria Real Estate Equities, Inc., 4.3%, 1/15/26 | $26,803 | ||||||
30,000 | GLP Capital LP/GLP Financing II, Inc., 4.0%, 1/15/30 | 30,906 | ||||||
60,000 | Healthcare Trust of America Holdings LP, 3.75%, 7/1/27 | 65,196 | ||||||
Principal Amount USD ($) | Value | |||||||
REITs - (continued) | ||||||||
35,000 | Highwoods Realty LP, 3.625%, 1/15/23 | $36,436 | ||||||
25,000 | Simon Property Group LP, 3.25%, 9/13/49 | 24,978 | ||||||
27,000 | UDR, Inc., 4.0%, 10/1/25 | 30,559 | ||||||
75,000 | Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC, 7.875%, 2/15/25 (144A) | 78,938 | ||||||
Total REITs | $293,816 | |||||||
Retail - 0.1% | ||||||||
20,000 | AutoNation, Inc., 4.75%, 6/1/30 | $23,173 | ||||||
Total Retail | $23,173 | |||||||
Savings & Loans - 0.5% | ||||||||
EUR | 100,000 | Leeds Building Society, 1.375%, 5/5/22 | $120,175 | |||||
Total Savings & Loans | $120,175 | |||||||
Semiconductors - 0.2% | ||||||||
15,000 | Broadcom, Inc., 4.3%, 11/15/32 (144A) | $17,205 | ||||||
25,000 | Broadcom, Inc., 5.0%, 4/15/30 (144A) | 29,714 | ||||||
Total Semiconductors | $46,919 | |||||||
Software - 0.5% | ||||||||
135,000 | Citrix Systems, Inc., 3.3%, 3/1/30 | $146,419 | ||||||
Total Software | $146,419 | |||||||
Telecommunications - 1.2% | ||||||||
GBP | 100,000 | Koninklijke KPN NV, 5.0%, 11/18/26 | $154,914 | |||||
EUR | 125,000(a)(e) | Orange SA, 5.0% (5 Year EUR Swap Rate + 399 bps) | 174,550 | |||||
Total Telecommunications | $329,464 | |||||||
Water - 0.4% | ||||||||
EUR | 100,000 | FCC Aqualia SA, 1.413%, 6/8/22 | $119,054 | |||||
Total Water | $119,054 | |||||||
TOTAL CORPORATE BONDS | ||||||||
(Cost $11,767,645) | $12,286,238 | |||||||
FOREIGN GOVERNMENT BONDS - 15.0% of Net Assets | ||||||||
Argentina - 1.4% | ||||||||
100,000(f) | Argentine Republic Government International Bond, 6.875%, 1/26/27 | $42,250 | ||||||
300,000(f) | Argentine Republic Government International Bond, 7.5%, 4/22/26 | 129,000 | ||||||
250,000 | Ciudad Autonoma De Buenos Aires, 7.5%, 6/1/27 (144A) | 218,750 | ||||||
Total Argentina | $390,000 | |||||||
Bahrain - 0.8% | ||||||||
200,000 | Bahrain Government International Bond, 7.0%, 10/12/28 (144A) | $223,590 | ||||||
Total Bahrain | $223,590 | |||||||
Egypt - 1.4% | ||||||||
EGP | 1,754,000 | Egypt Government Bond, 15.7%, 11/7/27 | $115,243 | |||||
269,000 | Egypt Government International Bond, 7.6%, 3/1/29 (144A) | 274,185 | ||||||
Total Egypt | $389,428 | |||||||
Ghana - 0.7% | ||||||||
200,000 | Ghana Government International Bond, 7.875%, 2/11/35 (144A) | $177,080 | ||||||
Total Ghana | $177,080 | |||||||
Ivory Coast - 0.5% | ||||||||
EUR | 110,000 | Ivory Coast Government International Bond, 5.875%, 10/17/31 (144A) | $120,278 | |||||
Total Ivory Coast | $120,278 | |||||||
Japan - 5.0% | ||||||||
JPY | 75,000,000 | Japan Government Thirty Year Bond, 0.8%, 12/20/47 | $763,264 | |||||
JPY | 60,000,000 | Japan Government Twenty Year Bond, 0.6%, 12/20/37 | 593,279 | |||||
Total Japan | $1,356,543 | |||||||
Mexico - 2.6% | ||||||||
MXN | 9,930,000 | Mexican Bonos, 8.5%, 5/31/29 | $533,226 | |||||
MXN | 3,732,860 | Mexican Udibonos, 2.0%, 6/9/22 | 170,437 | |||||
Total Mexico | $703,663 | |||||||
Peru - 0.5% | ||||||||
130,000 | Peruvian Government International Bond, 2.783%, 1/23/31 | $144,755 | ||||||
Total Peru | $144,755 | |||||||
Ukraine - 1.2% | ||||||||
EUR | 115,000 | Ukraine Government International Bond, 4.375%, 1/27/30 (144A) | $113,625 | |||||
200,000 | Ukraine Government International Bond, 8.994%, 2/1/24 (144A) | 215,180 | ||||||
Total Ukraine | $328,805 | |||||||
Uruguay - 0.9% | ||||||||
UYU | 9,771,000 | Uruguay Government International Bond, 9.875%, 6/20/22 (144A) | $232,479 | |||||
Total Uruguay | $232,479 | |||||||
TOTAL FOREIGN GOVERNMENT BONDS | ||||||||
(Cost $4,426,865) | $4,066,621 | |||||||
Face Amount USD ($) | Value | |||||||
INSURANCE-LINKED SECURITIES - 0.2% of Net Assets# | ||||||||
Reinsurance Sidecars - 0.2% | ||||||||
Multiperil - Worldwide - 0.2% | ||||||||
30,000+(g)(h) | Lorenz Re 2018, 7/1/21 | $1,311 | ||||||
30,000+(i) | Pangaea Re 2015-2, 5/29/21 | 45 | ||||||
30,000+(i) | Pangaea Re 2016-1, 11/30/20 | 67 | ||||||
50,000+(g)(i) | Pangaea Re 2017-1, 11/30/21 | 5 | ||||||
Face Amount USD ($) | Value | |||||||
Multiperil - Worldwide - (continued) | ||||||||
50,000+(g)(i) | Pangaea Re 2018-1, 12/31/21 | $2,940 | ||||||
40,962+(g)(i) | Pangaea Re 2019-1, 2/1/23 | 853 | ||||||
40,532+(g)(i) | Pangaea Re 2020-1, 2/1/24 | 41,999 | ||||||
$47,220 | ||||||||
Total Reinsurance Sidecars | $47,220 | |||||||
TOTAL INSURANCE-LINKED SECURITIES | ||||||||
(Cost $66,983) | $47,220 | |||||||
Principal Amount USD ($) | Value | |||||||
MUNICIPAL BOND - 0.1% of Net Assets(j) | ||||||||
Municipal General - 0.1% | ||||||||
30,000 | Virginia Commonwealth Transportation Board, 4.0%, 5/15/32 | $32,935 | ||||||
Total Municipal General | $32,935 | |||||||
TOTAL MUNICIPAL BOND | ||||||||
(Cost $30,666) | $32,935 | |||||||
SENIOR SECURED FLOATING RATE LOAN INTEREST - 0.1% of Net Assets*(b) | ||||||||
Insurance - 0.1% | ||||||||
33,383 | Integro Parent, Inc., First Lien Initial Term Loan, 6.75% (LIBOR + 575 bps), 10/31/22 | $32,215 | ||||||
Total Insurance | $32,215 | |||||||
TOTAL SENIOR SECURED FLOATING RATE LOAN INTEREST | ||||||||
(Cost $33,365) | $32,215 | |||||||
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 25.6% of Net Assets | ||||||||
100,000 | Fannie Mae, 1.5%, 10/1/35 (TBA) | $102,225 | ||||||
200,000 | Fannie Mae, 2.0%, 9/1/35 (TBA) | 207,817 | ||||||
550,000 | Fannie Mae, 2.0%, 9/1/50 (TBA) | 568,922 | ||||||
350,000 | Fannie Mae, 2.5%, 7/1/50 (TBA) | 367,719 | ||||||
100,000 | Fannie Mae, 2.5%, 9/1/50 (TBA) | 104,909 | ||||||
16,221 | Fannie Mae, 3.0%, 5/1/31 | 17,411 | ||||||
31,994 | Fannie Mae, 3.0%, 2/1/43 | 34,970 | ||||||
21,891 | Fannie Mae, 3.0%, 3/1/43 | 23,927 | ||||||
21,251 | Fannie Mae, 3.0%, 5/1/43 | 23,331 | ||||||
21,990 | Fannie Mae, 3.0%, 5/1/43 | 23,637 | ||||||
24,132 | Fannie Mae, 3.0%, 6/1/45 | 26,484 | ||||||
35,427 | Fannie Mae, 3.0%, 1/1/47 | 38,968 | ||||||
29,024 | Fannie Mae, 3.0%, 3/1/47 | 30,838 | ||||||
162,000 | Fannie Mae, 3.0%, 9/1/50 (TBA) | 170,993 | ||||||
34,430 | Fannie Mae, 3.5%, 6/1/42 | 37,860 | ||||||
90,928 | Fannie Mae, 3.5%, 9/1/42 | 99,099 | ||||||
65,803 | Fannie Mae, 3.5%, 5/1/44 | 70,510 | ||||||
23,245 | Fannie Mae, 3.5%, 2/1/45 | 25,655 | ||||||
64,109 | Fannie Mae, 3.5%, 2/1/45 | 71,322 | ||||||
14,590 | Fannie Mae, 3.5%, 6/1/45 | 15,786 | ||||||
27,558 | Fannie Mae, 3.5%, 8/1/45 | 29,528 | ||||||
15,007 | Fannie Mae, 3.5%, 9/1/45 | 16,695 | ||||||
50,480 | Fannie Mae, 3.5%, 9/1/45 | 54,625 | ||||||
66,394 | Fannie Mae, 3.5%, 10/1/45 | 71,806 | ||||||
26,546 | Fannie Mae, 3.5%, 1/1/47 | 28,717 | ||||||
34,258 | Fannie Mae, 3.5%, 1/1/47 | 36,437 | ||||||
34,390 | Fannie Mae, 3.5%, 1/1/47 | 37,785 | ||||||
240,000 | Fannie Mae, 3.5%, 9/1/50 (TBA) | 253,198 | ||||||
27,186 | Fannie Mae, 4.0%, 10/1/40 | 30,790 | ||||||
53,163 | Fannie Mae, 4.0%, 1/1/42 | 58,490 | ||||||
10,824 | Fannie Mae, 4.0%, 2/1/42 | 11,912 | ||||||
16,935 | Fannie Mae, 4.0%, 5/1/42 | 18,361 | ||||||
29,621 | Fannie Mae, 4.0%, 11/1/43 | 33,090 | ||||||
22,083 | Fannie Mae, 4.0%, 6/1/46 | 23,723 | ||||||
16,539 | Fannie Mae, 4.0%, 11/1/46 | 17,756 | ||||||
17,381 | Fannie Mae, 4.0%, 4/1/47 | 18,903 | ||||||
25,761 | Fannie Mae, 4.0%, 4/1/47 | 27,991 | ||||||
584,000 | Fannie Mae, 4.0%, 9/1/50 (TBA) | 620,895 | ||||||
8,892 | Fannie Mae, 4.5%, 4/1/41 | 9,885 | ||||||
6,823 | Fannie Mae, 4.5%, 5/1/41 | 7,691 | ||||||
19,450 | Fannie Mae, 4.5%, 11/1/43 | 21,638 | ||||||
21,471 | Fannie Mae, 4.5%, 2/1/44 | 23,739 | ||||||
26,115 | Fannie Mae, 4.5%, 2/1/44 | 29,054 | ||||||
239,448 | Fannie Mae, 4.5%, 5/1/49 | 260,155 | ||||||
167,000 | Fannie Mae, 4.5%, 4/1/50 | 182,424 | ||||||
194,000 | Fannie Mae, 4.5%, 8/1/50 (TBA) | 208,573 | ||||||
200,000 | Fannie Mae, 4.5%, 9/1/50 (TBA) | 215,148 | ||||||
21,340 | Fannie Mae, 5.0%, 8/1/31 | 23,944 | ||||||
9,624 | Fannie Mae, 5.0%, 6/1/40 | 11,066 | ||||||
6,383 | Fannie Mae, 5.5%, 10/1/35 | 7,434 | ||||||
9,732 | Federal Home Loan Mortgage Corp., 3.0%, 9/1/42 | 10,685 | ||||||
11,977 | Federal Home Loan Mortgage Corp., 3.0%, 1/1/43 | 13,152 | ||||||
23,127 | Federal Home Loan Mortgage Corp., 3.0%, 2/1/43 | 25,395 | ||||||
26,451 | Federal Home Loan Mortgage Corp., 3.0%, 4/1/43 | 28,770 | ||||||
44,366 | Federal Home Loan Mortgage Corp., 3.0%, 4/1/43 | 48,718 | ||||||
Principal Amount USD ($) | Value | |||||||
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - (continued) | ||||||||
12,947 | Federal Home Loan Mortgage Corp., 3.0%, 5/1/43 | $14,083 | ||||||
18,500 | Federal Home Loan Mortgage Corp., 3.0%, 12/1/46 | 19,664 | ||||||
54,041 | Federal Home Loan Mortgage Corp., 3.0%, 2/1/47 | 57,398 | ||||||
12,383 | Federal Home Loan Mortgage Corp., 3.5%, 10/1/42 | 13,620 | ||||||
61,908 | Federal Home Loan Mortgage Corp., 3.5%, 6/1/45 | 68,062 | ||||||
68,619 | Federal Home Loan Mortgage Corp., 3.5%, 11/1/45 | 73,444 | ||||||
57,135 | Federal Home Loan Mortgage Corp., 3.5%, 7/1/46 | 63,580 | ||||||
23,168 | Federal Home Loan Mortgage Corp., 3.5%, 8/1/46 | 25,327 | ||||||
63,814 | Federal Home Loan Mortgage Corp., 3.5%, 8/1/46 | 69,443 | ||||||
77,752 | Federal Home Loan Mortgage Corp., 3.5%, 8/1/46 | 85,388 | ||||||
50,616 | Federal Home Loan Mortgage Corp., 3.5%, 12/1/46 | 55,649 | ||||||
68,225 | Federal Home Loan Mortgage Corp., 4.0%, 1/1/44 | 74,749 | ||||||
13,452 | Federal Home Loan Mortgage Corp., 4.0%, 4/1/47 | 14,544 | ||||||
15,678 | Federal Home Loan Mortgage Corp., 4.0%, 4/1/47 | 17,051 | ||||||
31,859 | Federal Home Loan Mortgage Corp., 4.0%, 4/1/47 | 34,604 | ||||||
29,173 | Federal Home Loan Mortgage Corp., 4.5%, 6/1/41 | 32,433 | ||||||
13,916 | Federal Home Loan Mortgage Corp., 5.0%, 9/1/38 | 15,950 | ||||||
16,238 | Federal Home Loan Mortgage Corp., 5.0%, 10/1/38 | 18,609 | ||||||
2,095 | Federal Home Loan Mortgage Corp., 5.0%, 5/1/39 | 2,353 | ||||||
5,173 | Federal Home Loan Mortgage Corp., 5.0%, 12/1/39 | 5,947 | ||||||
9,749 | Federal Home Loan Mortgage Corp., 6.0%, 8/1/37 | 10,973 | ||||||
13,893 | Federal Home Loan Mortgage Corp., 6.5%, 1/1/38 | 16,890 | ||||||
22,873 | Federal Home Loan Mortgage Corp., 6.5%, 4/1/38 | 26,600 | ||||||
34,454 | Government National Mortgage Association I, 3.5%, 11/15/41 | 36,770 | ||||||
6,831 | Government National Mortgage Association I, 3.5%, 10/15/42 | 7,280 | ||||||
22,657 | Government National Mortgage Association I, 3.5%, 8/15/46 | 23,914 | ||||||
23,139 | Government National Mortgage Association I, 4.0%, 4/15/45 | 25,025 | ||||||
31,149 | Government National Mortgage Association I, 4.0%, 6/15/45 | 33,632 | ||||||
18,815 | Government National Mortgage Association I, 4.5%, 1/15/40 | 21,107 | ||||||
14,949 | Government National Mortgage Association I, 4.5%, 9/15/40 | 16,631 | ||||||
5,603 | Government National Mortgage Association I, 4.5%, 10/15/40 | 6,176 | ||||||
14,315 | Government National Mortgage Association I, 4.5%, 7/15/41 | 15,892 | ||||||
21,918 | Government National Mortgage Association II, 3.0%, 9/20/46 | 23,234 | ||||||
20,155 | Government National Mortgage Association II, 4.5%, 9/20/41 | 22,187 | ||||||
37,910 | Government National Mortgage Association II, 4.5%, 9/20/44 | 39,902 | ||||||
12,686 | Government National Mortgage Association II, 4.5%, 10/20/44 | 13,986 | ||||||
26,993 | Government National Mortgage Association II, 4.5%, 11/20/44 | 29,757 | ||||||
71,348 | Government National Mortgage Association II, 4.5%, 4/20/48 | 76,989 | ||||||
127,033 | U.S. Treasury Inflation Indexed Bonds, 0.875%, 2/15/47 | 173,456 | ||||||
431,488 | U.S. Treasury Inflation Indexed Bonds, 1.0%, 2/15/48 | 611,415 | ||||||
235,368 | U.S. Treasury Inflation Indexed Bonds, 1.0%, 2/15/49 | 337,660 | ||||||
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS | ||||||||
(Cost $6,401,548) | $6,911,930 | |||||||
Number of Contracts | Description | Counterparty | Amount | Strike Price | Expiration Date | Value | ||
OVER THE COUNTER (OTC) CURRENCY PUT OPTION PURCHASED - 0.0%† | ||||||||
890,000 | Put EUR Call USD | Bank of America NA | USD 13,862 | USD 1.11 | 3/8/21 | $4,961 | ||
TOTAL OVER THE COUNTER (OTC) CURRENCY PUT OPTION PURCHASED | ||||||||
(Premiums paid $13,862) | $4,961 | |||||||
TOTAL OPTIONS PURCHASED | ||||||||
(Premiums paid $13,862) | $4,961 | |||||||
TOTAL INVESTMENTS IN UNAFFILIATED ISSUERS - 88.4% | ||||||||
(Cost $23,294,947) | $23,907,638 | |||||||
Shares | Dividend Income | Net Realized Gain (Loss) | Change in Net Unrealized Appreciation (Depreciation) | Value | ||||
AFFILIATED ISSUER - 3.6% | ||||||||
CLOSED-END FUND - 3.6% of Net Assets | ||||||||
114,057(k) | Pioneer ILS Interval Fund | $62,925 | $– | $(23,952) | $980,894 | |||
TOTAL CLOSED-END FUND | ||||||||
(Cost $1,108,478) | $980,894 | |||||||
TOTAL INVESTMENTS IN AFFILIATED ISSUER - 3.6% | ||||||||
(Cost $1,108,478) | $980,894 | |||||||
Number of Contracts | Description | Counterparty | Amount | Strike Price | Expiration Date | Value | ||
OVER THE COUNTER (OTC) CURRENCY CALL OPTION WRITTEN - (0.0)%† | ||||||||
(890,000) | Call EUR Put USD | Bank of America NA | USD 13,862 | USD 1.20 | 3/8/21 | $(16,180) | ||
TOTAL OVER THE COUNTER (OTC) CURRENCY CALL OPTION WRITTEN | ||||||||
(Premiums received $(13,862)) | $(16,180) | |||||||
OTHER ASSETS AND LIABILITIES - 8.0% | $2,183,090 | |||||||
NET ASSETS - 100.0% | $27,055,442 |
bps | Basis Points. |
CMT | Constant Maturity Treasury Index. |
EUAMDB | Euribor ICE Swap Rate. |
EURIBOR | Euro Interbank Offered Rate. |
LIBOR | London Interbank Offered Rate. |
REIT | Real Estate Investment Trust. |
REMICS | Real Estate Mortgage Investment Conduits. |
SOFRRATE | Secured Overnight Financing Rate. |
(144A) | Security is exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold normally to qualified institutional buyers in a transaction exempt from registration. At July 31, 2020, the value of these securities amounted to $4,527,940, or 16.7% of net assets. |
(TBA) | “To Be Announced” Securities. |
† | Amount rounds to less than 0.1%. |
* | Senior secured floating rate loan interests in which the Fund invests generally pay interest at rates that are periodically redetermined by reference to a base lending rate plus a premium. These base lending rates are generally (i) the lending rate offered by one or more major European banks, such as LIBOR, (ii) the prime rate offered by one or more major United States banks, (iii) the rate of a certificate of deposit or (iv) other base lending rates used by commercial lenders. The interest rate shown is the rate accruing at July 31, 2020. |
+ | Security that used significant unobservable inputs to determine its value. |
(a) | Security is perpetual in nature and has no stated maturity date. |
(b) | Floating rate note. Coupon rate, reference index and spread shown at July 31, 2020. |
(c) | Security represents the interest-only portion payments on a pool of underlying mortgages or mortgage-backed securities. |
(d) | Debt obligation initially issued at one coupon which converts to a higher coupon at a specific date. The rate shown is the rate at July 31, 2020. |
(e) | The interest rate is subject to change periodically. The interest rate and/or reference index and spread shown at July 31, 2020. |
(f) | Security is in default. |
(g) | Non-income producing security. |
(h) | Issued as preference shares. |
(i) | Issued as participation notes. |
(j) | Consists of Revenue Bonds unless otherwise indicated. |
(k) | Pioneer ILS Interval Fund is an affiliated closed-end fund managed by Amundi Pioneer Asset Management, Inc., (the “Adviser”). |
# | Securities are restricted as to resale. |
Restricted Securities | Acquisition date | Cost | Value |
Lorenz Re 2018 | 6/26/2018 | 8,201 | 1,311 |
Pangaea Re 2015-2 | 6/5/2015 | - | 45 |
Pangaea Re 2016-1 | 12/29/2015 | - | 67 |
Pangaea Re 2017-1 | 12/28/2016 | 8,782 | 5 |
Pangaea Re 2018-1 | 12/26/2017 | 9,038 | 2,940 |
Pangaea Re 2019-1 | 1/9/2019 | 430 | 853 |
Pangaea Re 2020-1 | 1/21/2020 | 40,532 | 41,999 |
Total Restricted Securities | 47,220 | ||
% of Net assets | 0.20% |
FUTURES CONTRACTS | ||||||||||||||||
FIXED INCOME INDEX FUTURES CONTRACTS | ||||||||||||||||
Number of Contracts Long | Description | Expiration Date | Notional Amount | Market Value | Unrealized Appreciation | |||||||||||
7 | Australia 10-Year Bond | 9/15/20 | $ | 740,648 | $ | 747,282 | $ | 6,634 | ||||||||
6 | Canada 10-Year Bond | 9/21/20 | 687,450 | 693,411 | 5,961 | |||||||||||
2 | Euro-Bund | 9/8/20 | 414,208 | 418,379 | 4,171 | |||||||||||
5 | Euro BUXL 30 Year Bond | 9/8/20 | 1,273,968 | 1,324,757 | 50,789 | |||||||||||
13 | Long Gilt | 9/28/20 | 2,324,950 | 2,359,867 | 34,917 | |||||||||||
5 | U.S. Ultra Bond (CBT) | 9/21/20 | 1,090,196 | 1,138,438 | 48,242 | |||||||||||
$ | 6,531,420 | $ | 6,682,134 | $ | 150,714 | |||||||||||
Number of Contracts Short | Description | Expiration Date | Notional Amount | Market Value | Unrealized (Depreciation) | |||||||||||
22 | U.S. 10 Year Note (CBT) | 9/21/20 | $ | 3,049,649 | $ | 3,081,719 | $ | (32,070 | ) | |||||||
25 | U.S. 10 Year Ultra | 9/21/20 | 3,915,352 | 3,981,250 | (65,898 | ) | ||||||||||
6 | U.S. Long Bond (CBT) | 9/21/20 | 1,064,813 | 1,093,688 | (28,875 | ) | ||||||||||
$ | 8,029,814 | $ | 8,156,657 | $ | (126,843 | ) | ||||||||||
TOTAL FUTURES CONTRACTS | $ | (1,498,394 | ) | $ | (1,474,523 | ) | $ | 23,871 |
SWAP CONTRACT | ||||||||
CENTRALLY CLEARED CREDIT DEFAULT SWAP CONTRACT - SELL PROTECTION | ||||||||
Notional Amount ($)(1) | Reference Obligation/Index | Pay/ Receive(2) | Annual Fixed Rate | Expiration Date | Premiums (Received) | Unrealized Appreciation | Market Value | |
1,137,400 | Markit CDX North America High Yield Series 34 | Receive | 5.00% | 6/20/25 | $(5,213) | $41,022 | $35,809 | |
TOTAL CENTRALLY CLEARED CREDIT DEFAULT SWAP CONTRACT - SELL PROTECTION | $(5,213) | $41,022 | $35,809 | |||||
TOTAL SWAP CONTRACT | $(5,213) | $41,022 | $35,809 | |||||
(1) | The notional amount is the maximum amount that a seller of credit protection would be obligated to pay upon occurrence of a credit event. | |||||||
(2) | Receives quarterly. |
Principal amounts are denominated in U.S. dollars (“USD”) unless otherwise noted. | ||
ARS | - | Argentine Peso |
EGP | - | Egyptian Pound |
EUR | - | Euro |
GBP | - | Great British Pound |
JPY | - | Japanese Yen |
MXN | - | Mexican Peso |
UYU | - | Uruguayan Peso |
Various inputs are used in determining the value of the Fund’s investments. These inputs are summarized in the three broad levels below. |
Level 1 - quoted prices in active markets for identical securities. |
Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.). |
Level 3 - significant unobservable inputs (including the Fund’s own assumptions in determining fair value of investments). |
The following is a summary of the inputs used as of July 31, 2020, in valuing the Fund’s investments: |
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Convertible Preferred Stock | $ | 285,167 | $ | – | $ | – | $ | 285,167 | ||||||||
Asset Backed Security | – | 101,843 | – | 101,843 | ||||||||||||
Collateralized Mortgage Obligations | – | 87,279 | – | 87,279 | ||||||||||||
Commercial Mortgage-Backed Security | – | – | * | – | – | * | ||||||||||
Convertible Corporate Bond | – | 51,229 | – | 51,229 | ||||||||||||
Corporate Bonds | – | 12,286,238 | – | 12,286,238 | ||||||||||||
Foreign Government Bonds | – | 4,066,621 | – | 4,066,621 | ||||||||||||
Insurance-Linked Securities | ||||||||||||||||
Reinsurance Sidecars | ||||||||||||||||
Multiperil - Worldwide | – | – | 47,220 | 47,220 | ||||||||||||
Municipal Bond | – | 32,935 | – | 32,935 | ||||||||||||
Senior Secured Floating Rate Loan Interest | – | 32,215 | – | 32,215 | ||||||||||||
U.S. Government and Agency Obligations | – | 6,911,930 | – | 6,911,930 | ||||||||||||
Over The Counter (OTC) Currency Put Option Purchased | – | 4,961 | – | 4,961 | ||||||||||||
Affiliated Closed-End Fund | – | 980,894 | – | 980,894 | ||||||||||||
Total Investments in Securities | $ | 285,167 | $ | 24,556,145 | $ | 47,220 | $ | 24,888,532 | ||||||||
Other Financial Instruments | ||||||||||||||||
Over The Counter (OTC) Currency Call Option Written | $ | – | $ | (16,180 | ) | $ | – | $ | (16,180 | ) | ||||||
Net unrealized appreciation on futures contracts | 23,871 | – | – | 23,871 | ||||||||||||
Swap contracts, at value | – | 35,809 | – | 35,809 | ||||||||||||
Total Other Financial Instruments | $ | 23,871 | $ | 19,629 | $ | – | $ | 43,500 |
* Security valued at $0.
The following is a reconciliation of assets valued using significant unobservable inputs (Level 3):
Collateralized Mortgage Obligations | Insurance- Linked Securities | Total | ||||||||||
Balance as of 10/31/19 | $ | 100,000 | $ | 50,918 | $ | 150,918 | ||||||
Realized gain (loss) | 680 | – | �� | 680 | ||||||||
Change in unrealized appreciation (depreciation) | – | 3,493 | 3,493 | |||||||||
Accrued discounts/premiums | – | – | -- | |||||||||
Purchases | – | 40,532 | 40,532 | |||||||||
Sales | (100,680 | ) | (47,723 | ) | (148,403 | ) | ||||||
Transfers in to Level 3* | – | – | -- | |||||||||
Transfers out of Level 3* | – | – | -- | |||||||||
Balance as of 7/31/20 | $ | – | $ | 47,220 | $ | 47,220 |
* | Transfers are calculated on the beginning of period value. For nine months ended July 31, 2020, there were no transfers between Levels 1, 2 and 3. |
Net change in unrealized appreciation (depreciation) of Level 3 investments still held and considered Level 3 at July 31, 2020: $3,493.