Pioneer Corporate High Yield Fund
Schedule of Investments | November 30, 2021
A: RCRAX | C: RCRCX | Y: RCRYX |
Schedule of Investments | 11/30/21
(unaudited)
Shares | Value | |||||
UNAFFILIATED ISSUERS — 98.4% | ||||||
Common Stock — 0.0% of Net Assets† | ||||||
Energy Equipment & Services — 0.0%† | ||||||
1,147(a) | FTS International, Inc., Class A | $ 30,212 | ||||
Total Energy Equipment & Services | $30,212 | |||||
Total Common Stock (Cost $30,798) | $30,212 | |||||
Principal Amount USD ($) | ||||||
Corporate Bonds — 93.2% of Net Assets | ||||||
Advertising — 2.6% | ||||||
275,000 | Clear Channel Outdoor Holdings, Inc., 7.50%, 6/1/29 (144A) | $ 282,563 | ||||
170,000 | Clear Channel Outdoor Holdings, Inc., 7.75%, 4/15/28 (144A) | 177,189 | ||||
429,000 | Midas OpCo Holdings LLC, 5.625%, 8/15/29 (144A) | 432,217 | ||||
100,000 | Outfront Media Capital LLC/Outfront Media Capital Corp., 4.25%, 1/15/29 (144A) | 97,250 | ||||
380,000 | Outfront Media Capital LLC/Outfront Media Capital Corp., 6.25%, 6/15/25 (144A) | 395,200 | ||||
301,000 | Summer BC Bidco B LLC, 5.50%, 10/31/26 (144A) | 303,257 | ||||
Total Advertising | $1,687,676 | |||||
Aerospace & Defense — 0.9% | ||||||
180,000 | Bombardier, Inc., 7.125%, 6/15/26 (144A) | $ 185,697 | ||||
370,000 | Bombardier, Inc., 7.875%, 4/15/27 (144A) | 380,737 | ||||
Total Aerospace & Defense | $566,434 | |||||
Airlines — 0.4% | ||||||
75,000 | Air Canada, 3.875%, 8/15/26 (144A) | $ 74,758 | ||||
70,000 | American Airlines Group, Inc. Pass-Through Trust Series 2021-1, 3.95%, 7/11/30 | 70,719 | ||||
125,000 | American Airlines, Inc./AAdvantage Loyalty IP, Ltd., 5.50%, 4/20/26 (144A) | 127,656 | ||||
Total Airlines | $273,133 | |||||
Auto Manufacturers — 3.0% | ||||||
200,000 | Ford Motor Credit Co. LLC, 3.625%, 6/17/31 | $ 204,000 | ||||
895,000 | Ford Motor Credit Co. LLC, 3.815%, 11/2/27 | 923,023 | ||||
540,000 | Ford Motor Credit Co. LLC, 4.125%, 8/17/27 | 569,160 | ||||
256,000 | JB Poindexter & Co., Inc., 7.125%, 4/15/26 (144A) | 267,233 | ||||
Total Auto Manufacturers | $1,963,416 |
1Pioneer Corporate High Yield Fund | | 11/30/21
Principal Amount USD ($) | Value | |||||
Auto Parts & Equipment — 1.3% | ||||||
335,000 | American Axle & Manufacturing, Inc., 6.25%, 3/15/26 | $ 342,537 | ||||
475,000 | Dealer Tire LLC/DT Issuer LLC, 8.00%, 2/1/28 (144A) | 482,125 | ||||
Total Auto Parts & Equipment | $824,662 | |||||
Banks — 1.3% | ||||||
400,000(b)(c) | Credit Suisse Group AG, 6.375% (5 Year CMT Index + 482 bps) | $ 425,500 | ||||
125,000 | Freedom Mortgage Corp., 6.625%, 1/15/27 (144A) | 117,204 | ||||
317,000 | Freedom Mortgage Corp., 8.25%, 4/15/25 (144A) | 315,415 | ||||
Total Banks | $858,119 | |||||
Biotechnology — 0.5% | ||||||
335,000 | Grifols Escrow Issuer S.A., 4.75%, 10/15/28 (144A) | $ 331,650 | ||||
Total Biotechnology | $331,650 | |||||
Building Materials — 2.8% | ||||||
250,000 | Builders FirstSource, Inc., 4.25%, 2/1/32 (144A) | $ 251,088 | ||||
450,000 | Cornerstone Building Brands, Inc., 6.125%, 1/15/29 (144A) | 469,125 | ||||
200,000 | CP Atlas Buyer, Inc., 7.00%, 12/1/28 (144A) | 192,000 | ||||
613,000 | Koppers, Inc., 6.00%, 2/15/25 (144A) | 623,727 | ||||
313,000 | Patrick Industries, Inc., 7.50%, 10/15/27 (144A) | 331,780 | ||||
Total Building Materials | $1,867,720 | |||||
Chemicals — 2.8% | ||||||
137,000 | Hexion, Inc., 7.875%, 7/15/27 (144A) | $ 145,236 | ||||
150,000 | Kraton Polymers LLC/Kraton Polymers Capital Corp., 4.25%, 12/15/25 (144A) | 154,875 | ||||
230,000 | LSF11 A5 HoldCo LLC, 6.625%, 10/15/29 (144A) | 226,200 | ||||
313,000 | Olin Corp., 5.00%, 2/1/30 | 327,085 | ||||
200,000 | SCIL IV LLC/SCIL USA Holdings LLC, 5.375%, 11/1/26 (144A) | 202,336 | ||||
370,000 | Trinseo Materials Operating SCA/Trinseo Materials Finance, Inc., 5.125%, 4/1/29 (144A) | 370,463 | ||||
408,000 | Tronox, Inc., 4.625%, 3/15/29 (144A) | 394,777 | ||||
Total Chemicals | $1,820,972 | |||||
Commercial Services — 6.8% | ||||||
20,000 | Allied Universal Holdco LLC/Allied Universal Finance Corp., 6.625%, 7/15/26 (144A) | $ 20,600 | ||||
275,000 | Allied Universal Holdco LLC/Allied Universal Finance Corp., 9.75%, 7/15/27 (144A) | 288,062 | ||||
209,000 | APX Group, Inc., 5.75%, 7/15/29 (144A) | 203,775 | ||||
753,000 | APX Group, Inc., 6.75%, 2/15/27 (144A) | 782,781 | ||||
391,000 | Brink's Co., 4.625%, 10/15/27 (144A) | 398,820 |
Pioneer Corporate High Yield Fund | | 11/30/212
Schedule of Investments | 11/30/21
(unaudited) (continued)
Principal Amount USD ($) | Value | |||||
Commercial Services — (continued) | ||||||
80,000 | Brink's Co., 5.50%, 7/15/25 (144A) | $ 83,294 | ||||
465,000 | CoreLogic, Inc., 4.50%, 5/1/28 (144A) | 455,119 | ||||
692,000 | Garda World Security Corp., 4.625%, 2/15/27 (144A) | 676,430 | ||||
105,000 | HealthEquity, Inc., 4.50%, 10/1/29 (144A) | 104,081 | ||||
190,000 | NESCO Holdings II, Inc., 5.50%, 4/15/29 (144A) | 192,793 | ||||
115,000 | Nielsen Finance LLC/Nielsen Finance Co., 4.50%, 7/15/29 (144A) | 111,210 | ||||
95,000 | Nielsen Finance LLC/Nielsen Finance Co., 4.75%, 7/15/31 (144A) | 92,150 | ||||
295,000 | PECF USS Intermediate Holding III Corp., 8.00%, 11/15/29 (144A) | 300,900 | ||||
35,000 | Prime Security Services Borrower LLC/Prime Finance, Inc., 5.25%, 4/15/24 (144A) | 36,662 | ||||
420,000 | Prime Security Services Borrower LLC/Prime Finance, Inc., 6.25%, 1/15/28 (144A) | 426,754 | ||||
300,000 | Sotheby's, 7.375%, 10/15/27 (144A) | 313,500 | ||||
Total Commercial Services | $4,486,931 | |||||
Computers — 2.3% | ||||||
469,000 | Diebold Nixdorf, Inc., 9.375%, 7/15/25 (144A) | $ 497,793 | ||||
329,000 | KBR, Inc., 4.75%, 9/30/28 (144A) | 333,935 | ||||
540,000 | NCR Corp., 5.00%, 10/1/28 (144A) | 545,400 | ||||
150,000 | NCR Corp., 5.25%, 10/1/30 (144A) | 152,126 | ||||
Total Computers | $1,529,254 | |||||
Diversified Financial Services — 4.7% | ||||||
65,000 | Alliance Data Systems Corp., 4.75%, 12/15/24 (144A) | $ 65,894 | ||||
250,000 | Alliance Data Systems Corp., 7.00%, 1/15/26 (144A) | 262,500 | ||||
431,493 | Avation Capital S.A. PIK, 8.25%, 10/31/26 (144A) | 358,139 | ||||
429,165 | Global Aircraft Leasing Co., Ltd. PIK, 6.50%, 9/15/24 (144A) | 415,938 | ||||
200,000 | Jefferies Finance LLC / JFIN Co.-Issuer Corp., 5.00%, 8/15/28 (144A) | 200,000 | ||||
490,000 | Nationstar Mortgage Holdings, Inc., 6.00%, 1/15/27 (144A) | 505,940 | ||||
242,000 | Provident Funding Associates LP/PFG Finance Corp., 6.375%, 6/15/25 (144A) | 242,000 | ||||
245,000 | United Wholesale Mortgage LLC, 5.50%, 4/15/29 (144A) | 233,262 | ||||
305,000 | United Wholesale Mortgage LLC, 5.75%, 6/15/27 (144A) | 300,458 | ||||
454,000 | VistaJet Malta Finance Plc / XO Management Holding, Inc., 10.50%, 6/1/24 (144A) | 485,780 | ||||
Total Diversified Financial Services | $3,069,911 |
3Pioneer Corporate High Yield Fund | | 11/30/21
Principal Amount USD ($) | Value | |||||
Electric — 3.5% | ||||||
275,000 | Calpine Corp., 4.625%, 2/1/29 (144A) | $ 263,312 | ||||
70,000 | Calpine Corp., 5.125%, 3/15/28 (144A) | 69,297 | ||||
215,000 | Clearway Energy Operating LLC, 3.75%, 2/15/31 (144A) | 212,510 | ||||
85,000 | Clearway Energy Operating LLC, 3.75%, 1/15/32 (144A) | 83,521 | ||||
105,000 | Leeward Renewable Energy Operations LLC, 4.25%, 7/1/29 (144A) | 103,950 | ||||
135,000 | NRG Energy, Inc., 3.375%, 2/15/29 (144A) | 129,263 | ||||
195,000 | NRG Energy, Inc., 3.625%, 2/15/31 (144A) | 185,145 | ||||
290,000 | NRG Energy, Inc., 3.875%, 2/15/32 (144A) | 278,356 | ||||
100,127 | NSG Holdings LLC/NSG Holdings, Inc., 7.75%, 12/15/25 (144A) | 106,636 | ||||
55,000 | Vistra Operations Co. LLC, 4.375%, 5/1/29 (144A) | 53,963 | ||||
830,000 | Vistra Operations Co. LLC, 5.625%, 2/15/27 (144A) | 852,323 | ||||
Total Electric | $2,338,276 | |||||
Electrical Components & Equipments — 1.1% | ||||||
389,000 | Energizer Holdings, Inc., 4.75%, 6/15/28 (144A) | $ 383,618 | ||||
310,000 | WESCO Distribution, Inc., 7.125%, 6/15/25 (144A) | 327,459 | ||||
Total Electrical Components & Equipments | $711,077 | |||||
Electronics — 0.5% | ||||||
110,000 | Atkore, Inc., 4.25%, 6/1/31 (144A) | $ 110,275 | ||||
175,000 | Sensata Technologies, Inc., 3.75%, 2/15/31 (144A) | 171,937 | ||||
80,000 | TTM Technologies, Inc., 4.00%, 3/1/29 (144A) | 77,710 | ||||
Total Electronics | $359,922 | |||||
Energy-Alternate Sources — 0.5% | ||||||
300,000 | Renewable Energy Group, Inc., 5.875%, 6/1/28 (144A) | $ 305,250 | ||||
Total Energy-Alternate Sources | $305,250 | |||||
Engineering & Construction — 1.9% | ||||||
140,000 | Arcosa, Inc., 4.375%, 4/15/29 (144A) | $ 141,273 | ||||
760,000 | Artera Services LLC, 9.033%, 12/4/25 (144A) | 763,800 | ||||
164,000 | Dycom Industries, Inc., 4.50%, 4/15/29 (144A) | 165,117 | ||||
160,000 | TopBuild Corp., 4.125%, 2/15/32 (144A) | 160,301 | ||||
Total Engineering & Construction | $1,230,491 | |||||
Entertainment — 2.5% | ||||||
110,000 | Caesars Entertainment, Inc., 4.625%, 10/15/29 (144A) | $ 107,250 | ||||
430,000 | Mohegan Gaming & Entertainment, 8.00%, 2/1/26 (144A) | 440,432 |
Pioneer Corporate High Yield Fund | | 11/30/214
Schedule of Investments | 11/30/21
(unaudited) (continued)
Principal Amount USD ($) | Value | |||||
Entertainment — (continued) | ||||||
696,000 | Scientific Games International, Inc., 8.25%, 3/15/26 (144A) | $ 732,630 | ||||
350,000 | SeaWorld Parks & Entertainment, Inc., 5.25%, 8/15/29 (144A) | 351,278 | ||||
Total Entertainment | $1,631,590 | |||||
Environmental Control — 0.9% | ||||||
130,000 | GFL Environmental, Inc., 4.00%, 8/1/28 (144A) | $ 126,110 | ||||
270,000 | GFL Environmental, Inc., 4.375%, 8/15/29 (144A) | 262,667 | ||||
201,000 | Tervita Corp., 11.00%, 12/1/25 (144A) | 230,266 | ||||
Total Environmental Control | $619,043 | |||||
Food — 2.8% | ||||||
950,000 | FAGE International S.A./FAGE USA Dairy Industry, Inc., 5.625%, 8/15/26 (144A) | $ 967,860 | ||||
280,000 | Lamb Weston Holdings, Inc., 4.125%, 1/31/30 (144A) | 279,328 | ||||
135,000 | Lamb Weston Holdings, Inc., 4.375%, 1/31/32 (144A) | 134,255 | ||||
403,000 | Simmons Foods Inc/Simmons Prepared Foods Inc/Simmons Pet Food, Inc./Simmons Feed, 4.625%, 3/1/29 (144A) | 396,556 | ||||
95,000 | US Foods, Inc., 4.625%, 6/1/30 (144A) | 95,484 | ||||
Total Food | $1,873,483 | |||||
Forest Products & Paper — 2.4% | ||||||
344,000 | Clearwater Paper Corp., 4.75%, 8/15/28 (144A) | $ 347,440 | ||||
334,000 | Mercer International, Inc., 5.125%, 2/1/29 | 329,825 | ||||
650,000 | Schweitzer-Mauduit International, Inc., 6.875%, 10/1/26 (144A) | 670,313 | ||||
259,000 | Sylvamo Corp., 7.00%, 9/1/29 (144A) | 265,151 | ||||
Total Forest Products & Paper | $1,612,729 | |||||
Healthcare-Products — 0.4% | ||||||
255,000 | Mozart Debt Merger Sub, Inc., 3.875%, 4/1/29 (144A) | $ 251,813 | ||||
Total Healthcare-Products | $251,813 | |||||
Healthcare-Services — 3.1% | ||||||
229,000 | LifePoint Health, Inc., 5.375%, 1/15/29 (144A) | $ 221,111 | ||||
100,000 | ModivCare Escrow Issuer, Inc., 5.00%, 10/1/29 (144A) | 99,250 | ||||
318,000 | Prime Healthcare Services, Inc., 7.25%, 11/1/25 (144A) | 334,759 | ||||
54,000 | RegionalCare Hospital Partners Holdings Inc / LifePoint Health, Inc., 9.75%, 12/1/26 (144A) | 56,632 | ||||
70,000 | Surgery Center Holdings, Inc., 6.75%, 7/1/25 (144A) | 70,613 | ||||
423,000 | Surgery Center Holdings, Inc., 10.00%, 4/15/27 (144A) | 450,495 | ||||
340,000 | Tenet Healthcare Corp., 4.375%, 1/15/30 (144A) | 339,218 |
5Pioneer Corporate High Yield Fund | | 11/30/21
Principal Amount USD ($) | Value | |||||
Healthcare-Services — (continued) | ||||||
135,000 | US Acute Care Solutions LLC, 6.375%, 3/1/26 (144A) | $ 138,544 | ||||
353,000 | US Renal Care, Inc., 10.625%, 7/15/27 (144A) | 360,942 | ||||
Total Healthcare-Services | $2,071,564 | |||||
Home Builders — 1.1% | ||||||
310,000 | Beazer Homes USA, Inc., 7.25%, 10/15/29 | $ 339,930 | ||||
202,000 | KB Home, 4.00%, 6/15/31 | 203,998 | ||||
205,000 | M/I Homes, Inc., 3.95%, 2/15/30 | 202,438 | ||||
Total Home Builders | $746,366 | |||||
Household Products/Wares — 0.2% | ||||||
105,000 | Central Garden & Pet Co., 4.125%, 4/30/31 (144A) | $ 105,263 | ||||
Total Household Products/Wares | $105,263 | |||||
Iron & Steel — 1.7% | ||||||
85,000 | Allegheny Technologies, Inc., 4.875%, 10/1/29 | $ 83,983 | ||||
45,000 | Allegheny Technologies, Inc., 5.125%, 10/1/31 | 44,442 | ||||
366,000 | Cleveland-Cliffs, Inc., 6.75%, 3/15/26 (144A) | 386,587 | ||||
6,000 | Cleveland-Cliffs, Inc., 9.875%, 10/17/25 (144A) | 6,752 | ||||
225,000 | Commercial Metals Co., 3.875%, 2/15/31 | 223,875 | ||||
360,000 | TMS International Corp., 6.25%, 4/15/29 (144A) | 361,800 | ||||
Total Iron & Steel | $1,107,439 | |||||
Leisure Time — 2.2% | ||||||
50,000 | Carnival Corp., 7.625%, 3/1/26 (144A) | $ 51,264 | ||||
EUR100,000 | Carnival Corp., 7.625%, 3/1/26 (144A) | 118,275 | ||||
115,000 | Carnival Corp., 10.50%, 2/1/26 (144A) | 131,100 | ||||
290,000 | NCL Corp., Ltd., 5.875%, 3/15/26 (144A) | 282,640 | ||||
75,000 | NCL Finance, Ltd., 6.125%, 3/15/28 (144A) | 73,111 | ||||
85,000 | Royal Caribbean Cruises, Ltd., 5.50%, 4/1/28 (144A) | 82,662 | ||||
360,000 | Royal Caribbean Cruises, Ltd., 9.125%, 6/15/23 (144A) | 381,836 | ||||
28,000 | Royal Caribbean Cruises, Ltd., 11.50%, 6/1/25 (144A) | 31,349 | ||||
290,000 | Viking Ocean Cruises Ship VII, Ltd., 5.625%, 2/15/29 (144A) | 279,125 | ||||
Total Leisure Time | $1,431,362 | |||||
Lodging — 0.3% | ||||||
210,000 | Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Esc, 5.00%, 6/1/29 (144A) | $ 208,500 | ||||
Total Lodging | $208,500 | |||||
Media — 3.1% | ||||||
100,000 | Audacy Capital Corp., 6.75%, 3/31/29 (144A) | $ 97,895 | ||||
355,000 | CCO Holdings LLC/CCO Holdings Capital Corp., 4.50%, 6/1/33 (144A) | 349,675 |
Pioneer Corporate High Yield Fund | | 11/30/216
Schedule of Investments | 11/30/21
(unaudited) (continued)
Principal Amount USD ($) | Value | |||||
Media — (continued) | ||||||
121,000 | CCO Holdings LLC/CCO Holdings Capital Corp., 4.75%, 3/1/30 (144A) | $ 123,420 | ||||
800,000 | CSC Holdings LLC, 4.625%, 12/1/30 (144A) | 744,000 | ||||
236,000 | Diamond Sports Group LLC/Diamond Sports Finance Co., 6.625%, 8/15/27 (144A) | 49,450 | ||||
215,000 | DISH DBS Corp., 5.25%, 12/1/26 (144A) | 213,140 | ||||
362,000 | McGraw-Hill Education, Inc., 8.00%, 8/1/29 (144A) | 352,950 | ||||
145,000 | News Corp., 3.875%, 5/15/29 (144A) | 142,500 | ||||
Total Media | $2,073,030 | |||||
Mining — 2.6% | ||||||
340,000 | Coeur Mining, Inc., 5.125%, 2/15/29 (144A) | $ 324,768 | ||||
421,000 | Eldorado Gold Corp., 6.25%, 9/1/29 (144A) | 423,682 | ||||
265,000 | First Quantum Minerals, Ltd., 7.50%, 4/1/25 (144A) | 272,261 | ||||
177,000 | Hudbay Minerals, Inc., 6.125%, 4/1/29 (144A) | 183,637 | ||||
339,000 | IAMGOLD Corp., 5.75%, 10/15/28 (144A) | 328,715 | ||||
65,000 | Novelis Corp., 3.25%, 11/15/26 (144A) | 64,943 | ||||
100,000 | Novelis Corp., 3.875%, 8/15/31 (144A) | 96,500 | ||||
Total Mining | $1,694,506 | |||||
Oil & Gas — 8.9% | ||||||
302,000 | Aethon United BR LP/Aethon United Finance Corp., 8.25%, 2/15/26 (144A) | $ 319,365 | ||||
512,000 | Baytex Energy Corp., 8.75%, 4/1/27 (144A) | 526,397 | ||||
151,000 | Colgate Energy Partners III LLC, 7.75%, 2/15/26 (144A) | 160,474 | ||||
535,000 | Energean Plc, 6.50%, 4/30/27 (144A) | 529,008 | ||||
365,000 | Harbour Energy Plc, 5.50%, 10/15/26 (144A) | 358,613 | ||||
83,000 | Hilcorp Energy I LP/Hilcorp Finance Co., 6.00%, 2/1/31 (144A) | 83,000 | ||||
200,000 | Kosmos Energy, Ltd., 7.75%, 5/1/27 (144A) | 185,002 | ||||
425,000 | MEG Energy Corp., 5.875%, 2/1/29 (144A) | 421,494 | ||||
50,000 | Nabors Industries, Inc., 7.375%, 5/15/27 (144A) | 49,005 | ||||
182,000 | Nabors Industries, Ltd., 7.50%, 1/15/28 (144A) | 154,700 | ||||
300,000 | Neptune Energy Bondco Plc, 6.625%, 5/15/25 (144A) | 301,500 | ||||
475,000 | Occidental Petroleum Corp., 4.40%, 4/15/46 | 466,763 | ||||
420,000 | Parkland Corp., 4.625%, 5/1/30 (144A) | 411,705 | ||||
66,000 | PBF Holding Co. LLC/PBF Finance Corp., 9.25%, 5/15/25 (144A) | 60,885 | ||||
66,000 | Precision Drilling Corp., 6.875%, 1/15/29 (144A) | 63,733 | ||||
210,000 | Shelf Drilling Holdings, Ltd., 8.875%, 11/15/24 (144A) | 216,300 | ||||
324,000 | Southwestern Energy Co., 5.375%, 3/15/30 | 337,365 | ||||
350,000 | Strathcona Resources, Ltd., 6.875%, 8/1/26 (144A) | 343,875 |
7Pioneer Corporate High Yield Fund | | 11/30/21
Principal Amount USD ($) | Value | |||||
Oil & Gas — (continued) | ||||||
205,000 | Sunoco LP/Sunoco Finance Corp., 4.50%, 4/30/30 (144A) | $ 202,950 | ||||
360,000 | Tap Rock Resources LLC, 7.00%, 10/1/26 (144A) | 361,800 | ||||
19,163 | Transocean Sentry, Ltd., 5.375%, 5/15/23 (144A) | 18,300 | ||||
260,000 | Tullow Oil Plc, 10.25%, 5/15/26 (144A) | 258,440 | ||||
Total Oil & Gas | $5,830,674 | |||||
Oil & Gas Services — 0.1% | ||||||
70,000 | Exterran Energy Solutions LP/EES Finance Corp., 8.125%, 5/1/25 | $ 64,925 | ||||
Total Oil & Gas Services | $64,925 | |||||
Packaging & Containers — 1.1% | ||||||
125,000 | Crown Cork & Seal Co., Inc., 7.375%, 12/15/26 | $ 150,000 | ||||
405,000 | OI European Group BV, 4.75%, 2/15/30 (144A) | 404,587 | ||||
164,000 | TriMas Corp., 4.125%, 4/15/29 (144A) | 164,000 | ||||
Total Packaging & Containers | $718,587 | |||||
Pharmaceuticals — 2.9% | ||||||
155,000 | AdaptHealth LLC, 5.125%, 3/1/30 (144A) | $ 153,356 | ||||
200,000 | Jazz Securities DAC, 4.375%, 1/15/29 (144A) | 203,764 | ||||
200,000 | Organon & Co/Organon Foreign Debt Co.-Issuer BV, 4.125%, 4/30/28 (144A) | 199,528 | ||||
270,000 | P&L Development LLC/PLD Finance Corp., 7.75%, 11/15/25 (144A) | 272,025 | ||||
380,000 | Par Pharmaceutical, Inc., 7.50%, 4/1/27 (144A) | 383,800 | ||||
467,000 | Teva Pharmaceutical Finance Netherlands III BV, 2.80%, 7/21/23 | 467,560 | ||||
260,000 | Teva Pharmaceutical Finance Netherlands III BV, 5.125%, 5/9/29 | 254,072 | ||||
Total Pharmaceuticals | $1,934,105 | |||||
Pipelines — 3.4% | ||||||
202,000 | CQP Holdco LP/BIP-V Chinook Holdco LLC, 5.50%, 6/15/31 (144A) | $ 204,728 | ||||
20,000 | DCP Midstream Operating LP, 5.375%, 7/15/25 | 21,400 | ||||
330,000 | Delek Logistics Partners LP/Delek Logistics Finance Corp., 7.125%, 6/1/28 (144A) | 341,550 | ||||
405,000(b)(c) | Energy Transfer LP Series G, 7.125% (5 Year CMT Index + 531 bps) | 413,910 | ||||
6,000 | EnLink Midstream LLC, 5.375%, 6/1/29 | 6,030 | ||||
357,000 | EnLink Midstream Partners LP, 5.60%, 4/1/44 | 337,365 | ||||
185,000 | Genesis Energy LP/Genesis Energy Finance Corp., 8.00%, 1/15/27 | 183,389 | ||||
235,000 | Golar LNG, Ltd., 7.00%, 10/20/25 (144A) | 229,712 |
Pioneer Corporate High Yield Fund | | 11/30/218
Schedule of Investments | 11/30/21
(unaudited) (continued)
Principal Amount USD ($) | Value | |||||
Pipelines — (continued) | ||||||
369,000 | Harvest Midstream I LP, 7.50%, 9/1/28 (144A) | $ 382,369 | ||||
65,000 | Venture Global Calcasieu Pass LLC, 3.875%, 8/15/29 (144A) | 65,255 | ||||
80,000 | Venture Global Calcasieu Pass LLC, 3.875%, 11/1/33 (144A) | 79,984 | ||||
Total Pipelines | $2,265,692 | |||||
Real Estate — 0.4% | ||||||
270,000 | Kennedy-Wilson, Inc., 4.75%, 2/1/30 | $ 271,350 | ||||
Total Real Estate | $271,350 | |||||
REITs — 3.6% | ||||||
310,000 | HAT Holdings I LLC/HAT Holdings II LLC, 3.375%, 6/15/26 (144A) | $ 304,962 | ||||
680,000 | Iron Mountain, Inc., 4.875%, 9/15/27 (144A) | 691,397 | ||||
50,000 | iStar, Inc., 4.25%, 8/1/25 | 50,629 | ||||
452,000 | iStar, Inc., 4.75%, 10/1/24 | 467,047 | ||||
115,000 | MPT Operating Partnership LP/MPT Finance Corp., 3.50%, 3/15/31 | 113,850 | ||||
610,000 | Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC, 7.875%, 2/15/25 (144A) | 637,828 | ||||
95,000 | Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC, 6.50%, 2/15/29 (144A) | 91,675 | ||||
Total REITs | $2,357,388 | |||||
Retail — 3.6% | ||||||
80,000 | AAG FH LP/AAG FH Finco, Inc., 9.75%, 7/15/24 (144A) | $ 79,002 | ||||
190,000 | Bath & Body Works, Inc., 6.625%, 10/1/30 (144A) | 210,425 | ||||
220,000 | Beacon Roofing Supply, Inc., 4.125%, 5/15/29 (144A) | 216,150 | ||||
90,000 | Gap, Inc., 3.625%, 10/1/29 (144A) | 86,110 | ||||
50,000 | Gap, Inc., 3.875%, 10/1/31 (144A) | 47,803 | ||||
160,000 | Group 1 Automotive, Inc., 4.00%, 8/15/28 (144A) | 158,282 | ||||
180,000 | Ken Garff Automotive LLC, 4.875%, 9/15/28 (144A) | 178,619 | ||||
435,000 | LCM Investments Holdings II LLC, 4.875%, 5/1/29 (144A) | 433,317 | ||||
135,000 | Lithia Motors, Inc., 3.875%, 6/1/29 (144A) | 136,601 | ||||
130,000 | Macy's Retail Holdings LLC, 5.875%, 4/1/29 (144A) | 138,294 | ||||
235,000 | Murphy Oil USA, Inc., 3.75%, 2/15/31 (144A) | 226,342 | ||||
194,000 | Party City Holdings, Inc., 8.75%, 2/15/26 (144A) | 195,940 | ||||
50,000 | SRS Distribution, Inc., 6.125%, 7/1/29 (144A) | 50,125 | ||||
206,000 | Staples, Inc., 7.50%, 4/15/26 (144A) | 204,538 | ||||
Total Retail | $2,361,548 |
9Pioneer Corporate High Yield Fund | | 11/30/21
Principal Amount USD ($) | Value | |||||
Software — 0.5% | ||||||
340,000 | Rackspace Technology Global, Inc., 5.375%, 12/1/28 (144A) | $ 328,100 | ||||
Total Software | $328,100 | |||||
Telecommunications — 4.9% | ||||||
850,000 | Altice France Holding S.A., 6.00%, 2/15/28 (144A) | $ 792,625 | ||||
185,000 | CommScope, Inc., 4.75%, 9/1/29 (144A) | 178,987 | ||||
359,000 | CommScope, Inc., 8.25%, 3/1/27 (144A) | 351,820 | ||||
687,000 | LogMeIn, Inc., 5.50%, 9/1/27 (144A) | 683,565 | ||||
445,000 | Lumen Technologies, Inc., 4.50%, 1/15/29 (144A) | 418,429 | ||||
275,000 | Plantronics, Inc., 4.75%, 3/1/29 (144A) | 248,944 | ||||
500,000 | Windstream Escrow LLC/Windstream Escrow Finance Corp., 7.75%, 8/15/28 (144A) | 521,035 | ||||
Total Telecommunications | $3,195,405 | |||||
Transportation — 3.1% | ||||||
450,000 | Carriage Purchaser, Inc., 7.875%, 10/15/29 (144A) | $ 426,996 | ||||
219,000 | Danaos Corp., 8.50%, 3/1/28 (144A) | 239,258 | ||||
140,000 | Seaspan Corp., 5.50%, 8/1/29 (144A) | 138,908 | ||||
300,000 | Seaspan Corp., 6.50%, 4/29/26 (144A) | 317,231 | ||||
858,000 | Western Global Airlines LLC, 10.375%, 8/15/25 (144A) | 952,380 | ||||
Total Transportation | $2,074,773 | |||||
Trucking & Leasing — 0.5% | ||||||
275,000 | Fortress Transportation and Infrastructure Investors LLC, 9.75%, 8/1/27 (144A) | $ 305,594 | ||||
Total Trucking & Leasing | $305,594 | |||||
Total Corporate Bonds (Cost $60,597,369) | $61,359,723 | |||||
Face Amount USD ($) | ||||||
Insurance-Linked Securities — 0.2% of Net Assets# | ||||||
Collateralized Reinsurance — 0.0%† | ||||||
Multiperil – Worldwide — 0.0%† | ||||||
250,000(d)+ | Cypress Re 2017, 1/31/23 | $ 25 | ||||
250,000(d)(e)+ | Resilience Re, 5/1/22 | — | ||||
$25 | ||||||
Total Collateralized Reinsurance | $25 |
Pioneer Corporate High Yield Fund | | 11/30/2110
Schedule of Investments | 11/30/21
(unaudited) (continued)
Face Amount USD ($) | Value | |||||
Multiperil – Worldwide — (continued) | ||||||
Reinsurance Sidecars — 0.2% | ||||||
Multiperil – U.S. — 0.2% | ||||||
500,000(d)+ | Carnoustie Re 2017, 11/30/22 | $ 65,900 | ||||
1,500,000(f)+ | Harambee Re 2018, 12/31/22 | 25,050 | ||||
$90,950 | ||||||
Multiperil – Worldwide — 0.0%† | ||||||
41,791(d)+ | Berwick Re 2018-1, 12/31/22 | $ 3,230 | ||||
29,857(d)+ | Berwick Re 2019-1, 12/31/22 | 3,568 | ||||
25,000(d)(e)+ | Eden Re II, 3/22/23 (144A) | 7,478 | ||||
250,000(f)+ | Thopas Re 2018, 12/31/22 | 3,400 | ||||
1,500,000(d)+ | Versutus Re 2018, 12/31/22 | — | ||||
250,000(f)+ | Viribus Re 2018, 12/31/22 | — | ||||
106,153(f)+ | Viribus Re 2019, 12/31/22 | 4,437 | ||||
$22,113 | ||||||
Total Reinsurance Sidecars | $113,063 | |||||
Total Insurance-Linked Securities (Cost $237,574) | $113,088 | |||||
Shares | ||||||
TEMPORARY CASH INVESTMENTS — 5.0% of Net Assets | ||||||
Open-End Mutual Funds — 5.0% | ||||||
3,286,466 | Dreyfus Government Cash Management, Institutional Shares, 0.03%(g) | $ 3,286,466 | ||||
$3,286,466 | ||||||
TOTAL TEMPORARY CASH INVESTMENTS (Cost $3,286,466) | $3,286,466 | |||||
TOTAL INVESTMENTS IN UNAFFILIATED ISSUERS — 98.4% (Cost $64,152,207) | $64,789,489 | |||||
OTHER ASSETS AND LIABILITIES — 1.6% | $1,054,919 | |||||
Net Assets — 100.0% | $65,844,408 |
bps | Basis Points |
CMT | Constant Maturity Treasury Index |
PIK | Payment-in-kind |
REIT | Real Estate Investment Trust |
11Pioneer Corporate High Yield Fund | | 11/30/21
(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 November 30, 2021, the value of these securities amounted to $53,471,031, or 81.2% of net assets. |
(a) | Non-income producing security. |
(b) | Security is perpetual in nature and has no stated maturity date. |
(c) | The interest rate is subject to change periodically. The interest rate and/or reference index and spread shown at November 30, 2021. |
(d) | Issued as participation notes. |
(e) | Security issued with a zero coupon. Income is recognized through accretion of discount. |
(f) | Issued as preference shares. |
(g) | Rate periodically changes. Rate disclosed is the 7-day yield at November 30, 2021. |
† | Amount rounds to less than 0.1%. |
+ | Security that used significant unobservable inputs to determine its value. |
# | Securities are restricted as to resale. |
Restricted Securities | Acquisition date | Cost | Value |
Berwick Re 2018-1 | 1/29/2018 | $6,104 | $3,230 |
Berwick Re 2019-1 | 12/31/2018 | 3,568 | 3,568 |
Carnoustie Re 2017 | 1/5/2017 | 118,878 | 65,900 |
Cypress Re 2017 | 1/24/2017 | 840 | 25 |
Eden Re II | 12/15/2017 | 1,494 | 7,478 |
Harambee Re 2018 | 12/19/2017 | 54,099 | 25,050 |
Resilience Re | 2/8/2017 | 124 | — |
Thopas Re 2018 | 12/12/2017 | 32,742 | 3,400 |
Versutus Re 2018 | 1/31/2018 | — | — |
Viribus Re 2018 | 12/22/2017 | 19,725 | — |
Viribus Re 2019 | 3/25/2019 | — | 4,437 |
Total Restricted Securities | $113,088 | ||
% of Net assets | 0.2% |
Pioneer Corporate High Yield Fund | | 11/30/2112
Schedule of Investments | 11/30/21
(unaudited) (continued)
SWAP CONTRACT
CENTRALLY CLEARED CREDIT DEFAULT SWAP CONTRACTS – BUY PROTECTION
Notional Amount ($)(1) | Reference Obligation/Index | Pay/ Receive(2) | Annual Fixed Rate | Expiration Date | Premiums Paid | Unrealized (Depreciation) | Market Value | |
5,550,000 | Markit CDX North America High Yield Index Series 36 | Pay | 5.00% | 6/20/26 | $46,573 | $(524,706) | $(478,133) | |
TOTAL CENTRALLY CLEARED CREDIT DEFAULT SWAP CONTRACTS – BUY PROTECTION | $46,573 | $(524,706) | $(478,133) |
CENTRALLY CLEARED CREDIT DEFAULT SWAP CONTRACTS – SELL PROTECTION
Notional Amount ($)(1) | Reference Obligation/Index | Pay/ Receive(3) | Annual Fixed Rate | Expiration Date | Premiums (Received) | Unrealized Appreciation | Market Value | |
610,000 | Markit CDX North America High Yield Index Series 37 | Receive | 5.00% | 12/20/26 | $49,438 | $6,127 | $55,565 | |
TOTAL CENTRALLY CLEARED CREDIT DEFAULT SWAP CONTRACTS – SELL PROTECTION | $49,438 | $6,127 | $55,565 | |||||
TOTAL SWAP CONTRACTS | $96,011 | $(518,579) | $(422,568) |
(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) | Pays quarterly. |
(3) | Receives quarterly. |
Principal amounts are denominated in U.S. dollars (“USD”) unless otherwise noted.
EUR | — Euro |
13Pioneer Corporate High Yield Fund | | 11/30/21
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 | – | unadjusted 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 November 30, 2021, in valuing the Fund’s investments:
Level 1 | Level 2 | Level 3 | Total | |
Common Stock | $30,212 | $— | $— | $30,212 |
Corporate Bonds | — | 61,359,723 | — | 61,359,723 |
Insurance-Linked Securities | ||||
Collateralized Reinsurance | ||||
Multiperil – Worldwide | — | — | 25 | 25 |
Reinsurance Sidecars | ||||
Multiperil – U.S. | — | — | 90,950 | 90,950 |
Multiperil – Worldwide | — | — | 22,113 | 22,113 |
Open-End Mutual Funds | 3,286,466 | — | — | 3,286,466 |
Total Investments in Securities | $3,316,678 | $61,359,723 | $113,088 | $64,789,489 |
Other Financial Instruments | ||||
Swap contracts, at value | $— | $(422,568) | $— | $(422,568) |
Total Other Financial Instruments | $— | $(422,568) | $— | $(422,568) |
Pioneer Corporate High Yield Fund | | 11/30/2114
Schedule of Investments | 11/30/21
(unaudited) (continued)
The following is a reconciliation of assets valued using significant unobservable inputs (Level 3):
Common Stocks | Insurance- Linked Securities | Total | |
Balance as of 8/31/21 | $31,806 | $113,722 | $145,528 |
Realized gain (loss) | 10,544 | (228) | 10,316 |
Changed in unrealized appreciation (depreciation) | (6,696) | 21,867 | 15,171 |
Accrued discounts/premiums | — | (21,511) | (21,511) |
Purchases | — | — | — |
Sales | (35,654) | (762) | (36,416) |
Transfers in to Level 3* | — | — | — |
Transfers out of Level 3* | — | — | — |
Balance as of 11/30/21 | $— | $113,088 | $113,088 |
* | Transfers are calculated on the beginning of period value. During the three months ended November 30, 2021, there were no transfers in or out of Level 3. |
Net change in unrealized appreciation (depreciation) of Level 3 investments still held and considered Level 3 at November 30, 2021: | $22,308 |
15Pioneer Corporate High Yield Fund | | 11/30/21