Pioneer Corporate High Yield Fund
Schedule of Investments | November 30, 2022
A: RCRAX | C: RCRCX | Y: RCRYX |
Schedule of Investments | 11/30/22
(unaudited)
Principal Amount USD ($) | Value | |||||
UNAFFILIATED ISSUERS — 97.4% | ||||||
Corporate Bonds — 95.6% of Net Assets | ||||||
Advertising — 3.0% | ||||||
275,000 | Clear Channel Outdoor Holdings, Inc., 7.50%, 6/1/29 (144A) | $ 204,188 | ||||
170,000 | Clear Channel Outdoor Holdings, Inc., 7.75%, 4/15/28 (144A) | 126,659 | ||||
100,000 | Outfront Media Capital LLC/Outfront Media Capital Corp., 4.25%, 1/15/29 (144A) | 83,500 | ||||
380,000 | Outfront Media Capital LLC/Outfront Media Capital Corp., 6.25%, 6/15/25 (144A) | 378,100 | ||||
429,000 | Stagwell Global LLC, 5.625%, 8/15/29 (144A) | 367,867 | ||||
301,000 | Summer BC Bidco B LLC, 5.50%, 10/31/26 (144A) | 242,305 | ||||
Total Advertising | $1,402,619 | |||||
Aerospace & Defense — 1.4% | ||||||
180,000 | Bombardier, Inc., 7.125%, 6/15/26 (144A) | $ 176,848 | ||||
370,000 | Bombardier, Inc., 7.875%, 4/15/27 (144A) | 363,984 | ||||
110,000 | Spirit AeroSystems, Inc., 9.375%, 11/30/29 (144A) | 115,775 | ||||
Total Aerospace & Defense | $656,607 | |||||
Airlines — 1.0% | ||||||
65,000 | Allegiant Travel Co., 7.25%, 8/15/27 (144A) | $ 63,319 | ||||
70,000 | American Airlines 2021-1 Class B Pass Through Trust, 3.95%, 7/11/30 | 57,143 | ||||
125,000 | American Airlines, Inc./AAdvantage Loyalty IP, Ltd., 5.50%, 4/20/26 (144A) | 121,227 | ||||
205,000 | Spirit Loyalty Cayman, Ltd./Spirit IP Cayman, Ltd., 8.00%, 9/20/25 (144A) | 207,786 | ||||
Total Airlines | $449,475 | |||||
Auto Manufacturers — 3.3% | ||||||
100,000 | Ford Motor Co., 6.10%, 8/19/32 | $ 95,962 | ||||
200,000 | Ford Motor Credit Co. LLC, 3.625%, 6/17/31 | 164,029 | ||||
612,000 | Ford Motor Credit Co. LLC, 3.815%, 11/2/27 | 548,230 | ||||
540,000 | Ford Motor Credit Co. LLC, 4.125%, 8/17/27 | 492,680 | ||||
256,000 | JB Poindexter & Co., Inc., 7.125%, 4/15/26 (144A) | 247,375 | ||||
Total Auto Manufacturers | $1,548,276 | |||||
Auto Parts & Equipment — 0.9% | ||||||
475,000 | Dealer Tire LLC/DT Issuer LLC, 8.00%, 2/1/28 (144A) | $ 409,531 | ||||
Total Auto Parts & Equipment | $409,531 |
1Pioneer Corporate High Yield Fund | | 11/30/22
Principal Amount USD ($) | Value | |||||
Banks — 0.6% | ||||||
317,000 | Freedom Mortgage Corp., 8.25%, 4/15/25 (144A) | $ 282,599 | ||||
Total Banks | $282,599 | |||||
Biotechnology — 0.6% | ||||||
335,000 | Grifols Escrow Issuer SA, 4.75%, 10/15/28 (144A) | $ 281,527 | ||||
Total Biotechnology | $281,527 | |||||
Building Materials — 3.2% | ||||||
260,000 | Builders FirstSource, Inc., 4.25%, 2/1/32 (144A) | $ 210,772 | ||||
145,000 | Builders FirstSource, Inc., 6.375%, 6/15/32 (144A) | 133,961 | ||||
450,000 | Cornerstone Building Brands, Inc., 6.125%, 1/15/29 (144A) | 303,592 | ||||
613,000 | Koppers, Inc., 6.00%, 2/15/25 (144A) | 570,856 | ||||
155,000 | Oscar AcquisitionCo LLC/Oscar Finance, Inc., 9.50%, 4/15/30 (144A) | 136,811 | ||||
145,000 | Patrick Industries, Inc., 7.50%, 10/15/27 (144A) | 138,017 | ||||
Total Building Materials | $1,494,009 | |||||
Chemicals — 3.0% | ||||||
650,000 | Mativ Holdings, Inc., 6.875%, 10/1/26 (144A) | $ 568,925 | ||||
111,000 | Olin Corp., 5.00%, 2/1/30 | 100,735 | ||||
200,000 | SCIL IV LLC/SCIL USA Holdings LLC, 5.375%, 11/1/26 (144A) | 167,548 | ||||
370,000 | Trinseo Materials Operating SCA/Trinseo Materials Finance, Inc., 5.125%, 4/1/29 (144A) | 235,412 | ||||
408,000 | Tronox, Inc., 4.625%, 3/15/29 (144A) | 328,518 | ||||
Total Chemicals | $1,401,138 | |||||
Commercial Services — 4.8% | ||||||
20,000 | Allied Universal Holdco LLC/Allied Universal Finance Corp., 6.625%, 7/15/26 (144A) | $ 19,000 | ||||
275,000 | Allied Universal Holdco LLC/Allied Universal Finance Corp., 9.75%, 7/15/27 (144A) | 248,160 | ||||
80,000 | Brink's Co., 5.50%, 7/15/25 (144A) | 78,888 | ||||
692,000 | Garda World Security Corp., 4.625%, 2/15/27 (144A) | 621,478 | ||||
215,000 | Neptune Bidco US, Inc., 9.29%, 4/15/29 (144A) | 207,051 | ||||
190,000 | NESCO Holdings II, Inc., 5.50%, 4/15/29 (144A) | 167,145 | ||||
295,000 | PECF USS Intermediate Holding III Corp., 8.00%, 11/15/29 (144A) | 174,788 | ||||
35,000 | Prime Security Services Borrower LLC/Prime Finance, Inc., 5.25%, 4/15/24 (144A) | 34,563 |
Pioneer Corporate High Yield Fund | | 11/30/222
Schedule of Investments | 11/30/22
(unaudited) (continued)
Principal Amount USD ($) | Value | |||||
Commercial Services — (continued) | ||||||
420,000 | Prime Security Services Borrower LLC/Prime Finance, Inc., 6.25%, 1/15/28 (144A) | $ 390,600 | ||||
300,000 | Sotheby's, 7.375%, 10/15/27 (144A) | 292,199 | ||||
Total Commercial Services | $2,233,872 | |||||
Computers — 2.3% | ||||||
279,000 | Diebold Nixdorf, Inc., 9.375%, 7/15/25 (144A) | $ 197,211 | ||||
329,000 | KBR, Inc., 4.75%, 9/30/28 (144A) | 291,874 | ||||
540,000 | NCR Corp., 5.00%, 10/1/28 (144A) | 469,800 | ||||
150,000 | NCR Corp., 5.25%, 10/1/30 (144A) | 126,516 | ||||
Total Computers | $1,085,401 | |||||
Diversified Financial Services — 5.0% | ||||||
442,347(a) | Avation Capital SA, 8.25% (9.00% PIK or 8.25% Cash), 10/31/26 (144A) | $ 353,878 | ||||
65,000 | Bread Financial Holdings, Inc., 4.75%, 12/15/24 (144A) | 56,531 | ||||
250,000 | Bread Financial Holdings, Inc., 7.00%, 1/15/26 (144A) | 213,750 | ||||
444,722(a) | Global Aircraft Leasing Co., Ltd., 6.50% (7.25% PIK or 6.50% Cash), 9/15/24 (144A) | 371,327 | ||||
240,000 | Nationstar Mortgage Holdings, Inc., 6.00%, 1/15/27 (144A) | 218,186 | ||||
242,000 | Provident Funding Associates LP/PFG Finance Corp., 6.375%, 6/15/25 (144A) | 211,750 | ||||
201,000 | United Wholesale Mortgage LLC, 5.50%, 4/15/29 (144A) | 166,328 | ||||
305,000 | United Wholesale Mortgage LLC, 5.75%, 6/15/27 (144A) | 269,925 | ||||
560,000 | VistaJet Malta Finance Plc/XO Management Holding, Inc., 6.375%, 2/1/30 (144A) | 459,200 | ||||
Total Diversified Financial Services | $2,320,875 | |||||
Electric — 2.8% | ||||||
275,000 | Calpine Corp., 4.625%, 2/1/29 (144A) | $ 237,436 | ||||
215,000 | Clearway Energy Operating LLC, 3.75%, 2/15/31 (144A) | 182,146 | ||||
85,000 | Clearway Energy Operating LLC, 3.75%, 1/15/32 (144A) | 67,746 | ||||
153,000 | Leeward Renewable Energy Operations LLC, 4.25%, 7/1/29 (144A) | 128,658 | ||||
135,000 | NRG Energy, Inc., 3.375%, 2/15/29 (144A) | 112,165 | ||||
290,000 | NRG Energy, Inc., 3.875%, 2/15/32 (144A) | 233,129 | ||||
67,403 | NSG Holdings LLC/NSG Holdings, Inc., 7.75%, 12/15/25 (144A) | 65,575 | ||||
55,000 | Vistra Operations Co. LLC, 4.375%, 5/1/29 (144A) | 49,207 | ||||
257,000 | Vistra Operations Co. LLC, 5.625%, 2/15/27 (144A) | 248,635 | ||||
Total Electric | $1,324,697 |
3Pioneer Corporate High Yield Fund | | 11/30/22
Principal Amount USD ($) | Value | |||||
Electrical Components & Equipments — 1.2% | ||||||
253,000 | Energizer Holdings, Inc., 4.75%, 6/15/28 (144A) | $ 220,601 | ||||
30,000 | Energizer Holdings, Inc., 6.50%, 12/31/27 (144A) | 28,409 | ||||
310,000 | WESCO Distribution, Inc., 7.125%, 6/15/25 (144A) | 313,875 | ||||
Total Electrical Components & Equipments | $562,885 | |||||
Electronics — 0.1% | ||||||
80,000 | TTM Technologies, Inc., 4.00%, 3/1/29 (144A) | $ 67,867 | ||||
Total Electronics | $67,867 | |||||
Engineering & Construction — 1.4% | ||||||
396,995 | Artera Services LLC, 9.033%, 12/4/25 (144A) | $ 330,276 | ||||
225,000 | Promontoria Holding 264 BV, 7.875%, 3/1/27 (144A) | 212,845 | ||||
160,000 | TopBuild Corp., 4.125%, 2/15/32 (144A) | 128,048 | ||||
Total Engineering & Construction | $671,169 | |||||
Entertainment — 1.5% | ||||||
283,000 | Mohegan Gaming & Entertainment, 8.00%, 2/1/26 (144A) | $ 265,723 | ||||
77,000 | Penn Entertainment, Inc., 4.125%, 7/1/29 (144A) | 62,755 | ||||
110,000 | Scientific Games Holdings LP/Scientific Games US FinCo, Inc., 6.625%, 3/1/30 (144A) | 92,535 | ||||
350,000 | SeaWorld Parks & Entertainment, Inc., 5.25%, 8/15/29 (144A) | 301,612 | ||||
Total Entertainment | $722,625 | |||||
Environmental Control — 1.2% | ||||||
130,000 | GFL Environmental, Inc., 4.00%, 8/1/28 (144A) | $ 111,528 | ||||
270,000 | GFL Environmental, Inc., 4.375%, 8/15/29 (144A) | 231,687 | ||||
201,000 | Tervita Corp., 11.00%, 12/1/25 (144A) | 218,587 | ||||
Total Environmental Control | $561,802 | |||||
Food — 2.1% | ||||||
701,000 | FAGE International SA/FAGE USA Dairy Industry, Inc., 5.625%, 8/15/26 (144A) | $ 641,576 | ||||
280,000 | Lamb Weston Holdings, Inc., 4.125%, 1/31/30 (144A) | 247,626 | ||||
95,000 | US Foods, Inc., 4.625%, 6/1/30 (144A) | 84,304 | ||||
Total Food | $973,506 | |||||
Forest Products & Paper — 1.8% | ||||||
344,000 | Clearwater Paper Corp., 4.75%, 8/15/28 (144A) | $ 301,419 | ||||
334,000 | Mercer International, Inc., 5.125%, 2/1/29 | 286,739 | ||||
259,000 | Sylvamo Corp., 7.00%, 9/1/29 (144A) | 251,230 | ||||
Total Forest Products & Paper | $839,388 |
Pioneer Corporate High Yield Fund | | 11/30/224
Schedule of Investments | 11/30/22
(unaudited) (continued)
Principal Amount USD ($) | Value | |||||
Healthcare-Products — 0.5% | ||||||
255,000 | Medline Borrower LP, 3.875%, 4/1/29 (144A) | $ 219,239 | ||||
Total Healthcare-Products | $219,239 | |||||
Healthcare-Services — 3.0% | ||||||
229,000 | LifePoint Health, Inc., 5.375%, 1/15/29 (144A) | $ 134,338 | ||||
318,000 | Prime Healthcare Services, Inc., 7.25%, 11/1/25 (144A) | 271,585 | ||||
54,000 | RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc., 9.75%, 12/1/26 (144A) | 43,472 | ||||
70,000 | Surgery Center Holdings, Inc., 6.75%, 7/1/25 (144A) | 68,521 | ||||
423,000 | Surgery Center Holdings, Inc., 10.00%, 4/15/27 (144A) | 423,255 | ||||
110,000 | Tenet Healthcare Corp., 6.125%, 6/15/30 (144A) | 104,234 | ||||
260,000 | US Acute Care Solutions LLC, 6.375%, 3/1/26 (144A) | 235,780 | ||||
353,000 | US Renal Care, Inc., 10.625%, 7/15/27 (144A) | 140,547 | ||||
Total Healthcare-Services | $1,421,732 | |||||
Home Builders — 0.6% | ||||||
157,000 | KB Home, 4.00%, 6/15/31 | $ 125,269 | ||||
205,000 | M/I Homes, Inc., 3.95%, 2/15/30 | 156,778 | ||||
Total Home Builders | $282,047 | |||||
Internet — 0.6% | ||||||
285,000 | Cogent Communications Group, Inc., 7.00%, 6/15/27 (144A) | $ 277,875 | ||||
Total Internet | $277,875 | |||||
Iron & Steel — 2.3% | ||||||
290,000 | Carpenter Technology Corp., 7.625%, 3/15/30 | $ 290,884 | ||||
258,000 | Cleveland-Cliffs, Inc., 6.75%, 3/15/26 (144A) | 258,645 | ||||
125,000 | Mineral Resources, Ltd., 8.00%, 11/1/27 (144A) | 128,425 | ||||
135,000 | Mineral Resources, Ltd., 8.50%, 5/1/30 (144A) | 137,695 | ||||
360,000 | TMS International Corp., 6.25%, 4/15/29 (144A) | 257,541 | ||||
Total Iron & Steel | $1,073,190 | |||||
Leisure Time — 2.0% | ||||||
55,000 | Carnival Holdings Bermuda, Ltd., 10.375%, 5/1/28 (144A) | $ 57,266 | ||||
290,000 | NCL Corp., Ltd., 5.875%, 3/15/26 (144A) | 237,882 | ||||
55,000 | NCL Corp., Ltd., 7.75%, 2/15/29 (144A) | 44,000 | ||||
75,000 | NCL Finance, Ltd., 6.125%, 3/15/28 (144A) | 57,801 | ||||
85,000 | Royal Caribbean Cruises, Ltd., 5.50%, 4/1/28 (144A) | 69,381 | ||||
28,000 | Royal Caribbean Cruises, Ltd., 11.50%, 6/1/25 (144A) | 30,030 |
5Pioneer Corporate High Yield Fund | | 11/30/22
Principal Amount USD ($) | Value | |||||
Leisure Time — (continued) | ||||||
200,000 | Royal Caribbean Cruises, Ltd., 11.625%, 8/15/27 (144A) | $ 205,500 | ||||
290,000 | Viking Ocean Cruises Ship VII, Ltd., 5.625%, 2/15/29 (144A) | 232,000 | ||||
Total Leisure Time | $933,860 | |||||
Lodging — 0.8% | ||||||
232,000 | Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Esc, 5.00%, 6/1/29 (144A) | $ 200,896 | ||||
202,000 | Travel + Leisure Co., 6.625%, 7/31/26 (144A) | 197,929 | ||||
Total Lodging | $398,825 | |||||
Media — 3.3% | ||||||
355,000 | CCO Holdings LLC/CCO Holdings Capital Corp., 4.50%, 6/1/33 (144A) | $ 281,732 | ||||
121,000 | CCO Holdings LLC/CCO Holdings Capital Corp., 4.75%, 3/1/30 (144A) | 104,026 | ||||
160,000 | CCO Holdings LLC/CCO Holdings Capital Corp., 4.75%, 2/1/32 (144A) | 133,800 | ||||
800,000 | CSC Holdings LLC, 4.625%, 12/1/30 (144A) | 507,326 | ||||
362,000 | McGraw-Hill Education, Inc., 8.00%, 8/1/29 (144A) | 307,164 | ||||
145,000 | News Corp., 3.875%, 5/15/29 (144A) | 128,869 | ||||
50,000 | News Corp., 5.125%, 2/15/32 (144A) | 45,835 | ||||
25,000 | VZ Secured Financing BV, 5.00%, 1/15/32 (144A) | 20,687 | ||||
Total Media | $1,529,439 | |||||
Metal Fabricate/Hardware — 0.2% | ||||||
130,000 | Park-Ohio Industries, Inc., 6.625%, 4/15/27 | $ 99,450 | ||||
Total Metal Fabricate/Hardware | $99,450 | |||||
Mining — 2.2% | ||||||
191,000 | Coeur Mining, Inc., 5.125%, 2/15/29 (144A) | $ 148,737 | ||||
235,000 | Eldorado Gold Corp., 6.25%, 9/1/29 (144A) | 191,873 | ||||
265,000 | First Quantum Minerals, Ltd., 7.50%, 4/1/25 (144A) | 261,103 | ||||
220,000 | FMG Resources August 2006 Pty, Ltd., 6.125%, 4/15/32 (144A) | 204,633 | ||||
339,000 | IAMGOLD Corp., 5.75%, 10/15/28 (144A) | 240,413 | ||||
Total Mining | $1,046,759 | |||||
Oil & Gas — 11.6% | ||||||
302,000 | Aethon United BR LP/Aethon United Finance Corp., 8.25%, 2/15/26 (144A) | $ 300,466 | ||||
592,000 | Baytex Energy Corp., 8.75%, 4/1/27 (144A) | 610,334 | ||||
302,000 | Energean Plc, 6.50%, 4/30/27 (144A) | 276,233 | ||||
365,000 | Harbour Energy Plc, 5.50%, 10/15/26 (144A) | 327,770 |
Pioneer Corporate High Yield Fund | | 11/30/226
Schedule of Investments | 11/30/22
(unaudited) (continued)
Principal Amount USD ($) | Value | |||||
Oil & Gas — (continued) | ||||||
90,000 | Hilcorp Energy I LP/Hilcorp Finance Co., 6.00%, 4/15/30 (144A) | $ 82,758 | ||||
90,000 | Hilcorp Energy I LP/Hilcorp Finance Co., 6.25%, 4/15/32 (144A) | 82,575 | ||||
262,000 | International Petroleum Corp., 7.25%, 2/1/27 (144A) | 241,040 | ||||
200,000 | Kosmos Energy, Ltd., 7.75%, 5/1/27 (144A) | 177,000 | ||||
275,000 | MEG Energy Corp., 5.875%, 2/1/29 (144A) | 260,975 | ||||
50,000 | Nabors Industries, Inc., 7.375%, 5/15/27 (144A) | 48,625 | ||||
182,000 | Nabors Industries, Ltd., 7.50%, 1/15/28 (144A) | 166,224 | ||||
300,000 | Neptune Energy Bondco Plc, 6.625%, 5/15/25 (144A) | 294,547 | ||||
475,000 | Occidental Petroleum Corp., 4.40%, 4/15/46 | 375,250 | ||||
420,000 | Parkland Corp., 4.625%, 5/1/30 (144A) | 352,170 | ||||
66,000 | Precision Drilling Corp., 6.875%, 1/15/29 (144A) | 62,360 | ||||
210,000 | Shelf Drilling Holdings, Ltd., 8.875%, 11/15/24 (144A) | 205,800 | ||||
140,000 | Southwestern Energy Co., 4.75%, 2/1/32 | 122,399 | ||||
324,000 | Southwestern Energy Co., 5.375%, 3/15/30 | 304,625 | ||||
415,000 | Strathcona Resources, Ltd., 6.875%, 8/1/26 (144A) | 352,912 | ||||
360,000 | Tap Rock Resources LLC, 7.00%, 10/1/26 (144A) | 336,600 | ||||
118,414 | Transocean Sentry, Ltd., 5.375%, 5/15/23 (144A) | 117,261 | ||||
260,000 | Tullow Oil Plc, 10.25%, 5/15/26 (144A) | 222,906 | ||||
126,000 | Vermilion Energy, Inc., 6.875%, 5/1/30 (144A) | 116,332 | ||||
Total Oil & Gas | $5,437,162 | |||||
Oil & Gas Services — 0.5% | ||||||
215,000 | Enerflex, Ltd., 9.00%, 10/15/27 (144A) | $ 212,414 | ||||
Total Oil & Gas Services | $212,414 | |||||
Packaging & Containers — 1.3% | ||||||
125,000 | Crown Cork & Seal Co., Inc., 7.375%, 12/15/26 | $ 127,812 | ||||
189,000 | OI European Group BV, 4.75%, 2/15/30 (144A) | 163,179 | ||||
195,000 | Sealed Air Corp., 5.00%, 4/15/29 (144A) | 181,350 | ||||
164,000 | TriMas Corp., 4.125%, 4/15/29 (144A) | 139,810 | ||||
Total Packaging & Containers | $612,151 | |||||
Pharmaceuticals — 3.2% | ||||||
155,000 | AdaptHealth LLC, 5.125%, 3/1/30 (144A) | $ 131,737 | ||||
350,000 | Owens & Minor, Inc., 6.625%, 4/1/30 (144A) | 311,034 | ||||
270,000 | P&L Development LLC/PLD Finance Corp., 7.75%, 11/15/25 (144A) | 218,473 | ||||
185,000 | Par Pharmaceutical, Inc., 7.50%, 4/1/27 (144A) | 139,213 |
7Pioneer Corporate High Yield Fund | | 11/30/22
Principal Amount USD ($) | Value | |||||
Pharmaceuticals — (continued) | ||||||
467,000 | Teva Pharmaceutical Finance Netherlands III BV, 2.80%, 7/21/23 | $ 455,325 | ||||
260,000 | Teva Pharmaceutical Finance Netherlands III BV, 5.125%, 5/9/29 | 233,286 | ||||
Total Pharmaceuticals | $1,489,068 | |||||
Pipelines — 4.3% | ||||||
202,000 | CQP Holdco LP/BIP-V Chinook Holdco LLC, 5.50%, 6/15/31 (144A) | $ 185,351 | ||||
330,000 | Delek Logistics Partners LP/Delek Logistics Finance Corp., 7.125%, 6/1/28 (144A) | 305,705 | ||||
405,000(b)(c) | Energy Transfer LP, 7.125% (5 Year CMT Index + 531 bps) | 340,200 | ||||
6,000 | EnLink Midstream LLC, 5.375%, 6/1/29 | 5,715 | ||||
135,000 | EnLink Midstream LLC, 6.50%, 9/1/30 (144A) | 137,109 | ||||
357,000 | EnLink Midstream Partners LP, 5.60%, 4/1/44 | 296,310 | ||||
185,000 | Genesis Energy LP/Genesis Energy Finance Corp., 8.00%, 1/15/27 | 176,566 | ||||
235,000 | Golar LNG, Ltd., 7.00%, 10/20/25 (144A) | 220,900 | ||||
369,000 | Harvest Midstream I LP, 7.50%, 9/1/28 (144A) | 353,318 | ||||
Total Pipelines | $2,021,174 | |||||
Real Estate — 1.0% | ||||||
270,000 | Kennedy-Wilson, Inc., 4.75%, 2/1/30 | $ 213,975 | ||||
325,000 | Realogy Group LLC/Realogy Co.-Issuer Corp., 5.25%, 4/15/30 (144A) | 238,875 | ||||
Total Real Estate | $452,850 | |||||
REITs — 3.2% | ||||||
310,000 | HAT Holdings I LLC/HAT Holdings II LLC, 3.375%, 6/15/26 (144A) | $ 269,641 | ||||
50,000 | iStar, Inc., 4.25%, 8/1/25 | 48,783 | ||||
452,000 | iStar, Inc., 4.75%, 10/1/24 | 444,703 | ||||
66,000 | Starwood Property Trust, Inc., 3.75%, 12/31/24 (144A) | 62,370 | ||||
610,000 | Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC, 7.875%, 2/15/25 (144A) | 612,564 | ||||
95,000 | Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC, 6.50%, 2/15/29 (144A) | 69,587 | ||||
Total REITs | $1,507,648 | |||||
Retail — 3.7% | ||||||
80,000 | AAG FH LP/AAG FH Finco, Inc., 9.75%, 7/15/24 (144A) | $ 78,600 | ||||
181,000 | Asbury Automotive Group, Inc., 4.625%, 11/15/29 (144A) | 157,922 | ||||
190,000 | Bath & Body Works, Inc., 6.625%, 10/1/30 (144A) | 177,874 |
Pioneer Corporate High Yield Fund | | 11/30/228
Schedule of Investments | 11/30/22
(unaudited) (continued)
Principal Amount USD ($) | Value | |||||
Retail — (continued) | ||||||
220,000 | Beacon Roofing Supply, Inc., 4.125%, 5/15/29 (144A) | $ 185,009 | ||||
90,000 | Gap, Inc., 3.625%, 10/1/29 (144A) | 69,142 | ||||
50,000 | Gap, Inc., 3.875%, 10/1/31 (144A) | 37,750 | ||||
180,000 | Ken Garff Automotive LLC, 4.875%, 9/15/28 (144A) | 152,317 | ||||
435,000 | LCM Investments Holdings II LLC, 4.875%, 5/1/29 (144A) | 363,703 | ||||
235,000 | Murphy Oil USA, Inc., 3.75%, 2/15/31 (144A) | 192,268 | ||||
314,000 | Party City Holdings, Inc., 8.75%, 2/15/26 (144A) | 117,615 | ||||
50,000 | SRS Distribution, Inc., 6.125%, 7/1/29 (144A) | 41,471 | ||||
206,000 | Staples, Inc., 7.50%, 4/15/26 (144A) | 183,780 | ||||
Total Retail | $1,757,451 | |||||
Software — 1.0% | ||||||
440,000 | AthenaHealth Group, Inc., 6.50%, 2/15/30 (144A) | $ 329,517 | ||||
340,000 | Rackspace Technology Global, Inc., 5.375%, 12/1/28 (144A) | 155,029 | ||||
Total Software | $484,546 | |||||
Telecommunications — 5.2% | ||||||
850,000 | Altice France Holding SA, 6.00%, 2/15/28 (144A) | $ 570,002 | ||||
185,000 | CommScope, Inc., 4.75%, 9/1/29 (144A) | 155,799 | ||||
359,000 | CommScope, Inc., 8.25%, 3/1/27 (144A) | 308,167 | ||||
687,000 | GoTo Group, Inc., 5.50%, 9/1/27 (144A) | 401,895 | ||||
445,000 | Lumen Technologies, Inc., 4.50%, 1/15/29 (144A) | 301,332 | ||||
250,000 | Maxar Technologies, Inc., 7.75%, 6/15/27 (144A) | 245,670 | ||||
500,000 | Windstream Escrow LLC/Windstream Escrow Finance Corp., 7.75%, 8/15/28 (144A) | 437,500 | ||||
Total Telecommunications | $2,420,365 | |||||
Transportation — 3.9% | ||||||
450,000 | Carriage Purchaser, Inc., 7.875%, 10/15/29 (144A) | $ 324,670 | ||||
219,000 | Danaos Corp., 8.50%, 3/1/28 (144A) | 206,005 | ||||
110,000 | Seaspan Corp., 5.50%, 8/1/29 (144A) | 84,685 | ||||
300,000 | Seaspan Corp., 6.50%, 4/29/26 (144A) | 294,750 | ||||
858,000 | Western Global Airlines LLC, 10.375%, 8/15/25 (144A) | 714,285 | ||||
190,000 | XPO Escrow Sub LLC, 7.50%, 11/15/27 (144A) | 192,850 | ||||
Total Transportation | $1,817,245 | |||||
Total Corporate Bonds (Cost $51,641,284) | $44,784,358 | |||||
9Pioneer Corporate High Yield Fund | | 11/30/22
Shares | Value | |||||
Right/Warrant — 0.0%† of Net Assets | ||||||
Aerospace & Defense — 0.0%† | ||||||
GBP7,525(d) | Avation Plc, 1/1/59 | $ 2,721 | ||||
Total Aerospace & Defense | $2,721 | |||||
Total Right/Warrant (Cost $—) | $2,721 | |||||
Face Amount USD ($) | ||||||
Insurance-Linked Securities — 0.0%† of Net Assets# | ||||||
Collateralized Reinsurance — 0.0%† | ||||||
Multiperil – Worldwide — 0.0%† | ||||||
250,000(e)+ | Cypress Re 2017, 1/31/23 | $ 25 | ||||
250,000(e)(f)+ | Resilience Re, 5/1/23 | — | ||||
$25 | ||||||
Total Collateralized Reinsurance | $25 | |||||
Reinsurance Sidecars — 0.0%† | ||||||
Multiperil – U.S. — 0.0%† | ||||||
1,500,000(d)(g)+ | Harambee Re 2018, 12/31/24 | $ — | ||||
Multiperil – Worldwide — 0.0%† | ||||||
41,791(e)+ | Berwick Re 2018-1, 12/31/24 | $ 3,230 | ||||
29,857(e)+ | Berwick Re 2019-1, 12/31/24 | 3,568 | ||||
1,500,000(e)+ | Versutus Re 2018, 12/31/24 | — | ||||
250,000(d)(g)+ | Viribus Re 2018, 12/31/24 | — | ||||
106,153(g)+ | Viribus Re 2019, 12/31/24 | 754 | ||||
$7,552 | ||||||
Total Reinsurance Sidecars | $7,552 | |||||
Total Insurance-Linked Securities (Cost $47,760) | $7,577 | |||||
Pioneer Corporate High Yield Fund | | 11/30/2210
Schedule of Investments | 11/30/22
(unaudited) (continued)
Shares | Value | |||||
SHORT TERM INVESTMENTS — 1.8% of Net Assets | ||||||
Open-End Fund — 1.8% | ||||||
823,841(h) | Dreyfus Government Cash Management, Institutional Shares, 3.61% | $ 823,841 | ||||
$823,841 | ||||||
TOTAL SHORT TERM INVESTMENTS (Cost $823,841) | $823,841 | |||||
TOTAL INVESTMENTS IN UNAFFILIATED ISSUERS — 97.4% (Cost $52,512,885) | $45,618,497 | |||||
OTHER ASSETS AND LIABILITIES — 2.6% | $1,221,311 | |||||
net assets — 100.0% | $46,839,808 | |||||
bps | Basis Points. |
CMT | Constant Maturity Treasury Index. |
REIT | Real Estate Investment Trust. |
(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, 2022, the value of these securities amounted to $39,221,510, or 83.7% of net assets. |
(a) | Payment-in-kind (PIK) security which may pay interest in the form of additional principal amount. |
(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, 2022. |
(d) | Non-income producing security. |
(e) | Issued as participation notes. |
(f) | Security issued with a zero coupon. Income is recognized through accretion of discount. |
(g) | Issued as preference shares. |
(h) | Rate periodically changes. Rate disclosed is the 7-day yield at November 30, 2022. |
† | Amount rounds to less than 0.1%. |
+ | Security is valued using significant unobservable inputs (Level 3). |
# | 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 |
Cypress Re 2017 | 1/24/2017 | 840 | 25 |
Harambee Re 2018 | 12/19/2017 | 31,844 | — |
Resilience Re | 2/8/2017 | 124 | — |
11Pioneer Corporate High Yield Fund | | 11/30/22
Restricted Securities | Acquisition date | Cost | Value |
Versutus Re 2018 | 12/20/2017 | $— | $— |
Viribus Re 2018 | 12/22/2017 | 5,280 | — |
Viribus Re 2019 | 3/25/2019 | — | 754 |
Total Restricted Securities | $7,577 | ||
% of Net assets | 0.0%† |
† | Amount rounds to less than 0.1%. |
SWAP CONTRACTS
CENTRALLY CLEARED CREDIT DEFAULT SWAP CONTRACTS – BUY PROTECTION
Notional Amount ($)(1) | Reference Obligation/Index | Pay/ Receive(2) | Annual Fixed Rate | Expiration Date | Premiums Paid | Unrealized (Depreciation) | Market Value | |
6,150,000 | Markit CDX North America High Yield Index Series 39 | Pay | 5.00% | 12/20/27 | $279,146 | $(455,962) | $(176,816) | |
TOTAL CENTRALLY CLEARED CREDIT DEFAULT SWAP CONTRACTS – BUY PROTECTION | $279,146 | $(455,962) | $(176,816) | |||||
TOTAL SWAP CONTRACTS | $279,146 | $(455,962) | $(176,816) |
(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. |
Principal amounts are denominated in U.S. dollars (“USD”) unless otherwise noted.
GBP | — Great British Pound |
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 Adviser's own assumptions in determining fair value of investments). |
The following is a summary of the inputs used as of November 30, 2022, in valuing the Fund's investments:
Level 1 | Level 2 | Level 3 | Total | |
Corporate Bonds | $— | $44,784,358 | $— | $44,784,358 |
Right/Warrant | 2,721 | — | — | 2,721 |
Pioneer Corporate High Yield Fund | | 11/30/2212
Schedule of Investments | 11/30/22
(unaudited) (continued)
Level 1 | Level 2 | Level 3 | Total | |
Insurance-Linked Securities | ||||
Collateralized Reinsurance | ||||
Multiperil – Worldwide | $— | $— | $25 | $25 |
Reinsurance Sidecars | ||||
Multiperil – U.S. | — | — | —* | —* |
Multiperil – Worldwide | — | — | 7,552 | 7,552 |
Open-End Fund | 823,841 | — | — | 823,841 |
Total Investments in Securities | $826,562 | $44,784,358 | $7,577 | $45,618,497 |
Other Financial Instruments | ||||
Swap contracts, at value | $— | $(176,816) | $— | $(176,816) |
Total Other Financial Instruments | $— | $(176,816) | $— | $(176,816) |
* | Securities valued at $0. |
During the period ended November 30, 2022, there were no unqualified transfers in or out of Level 3.
13Pioneer Corporate High Yield Fund | | 11/30/22