Pioneer Disciplined Value Fund | ||
Schedule of Investments | November 30, 2019 | ||
Ticker Symbols: Class A CVFCX Class C CVCFX Class R CVRFX Class Y CVFYX |
| Shares | Value | |||
| UNAFFILIATED ISSUERS - 99.9% | ||||
| COMMON STOCKS - 95.2% of Net Assets | ||||
Aerospace & Defense - 2.7% | ||||
| 52,084 | Raytheon Co. | $11,324,103 | ||
| Total Aerospace & Defense | $11,324,103 | |||
Auto Components - 2.2% | ||||
| 53,618 | Aptiv Plc | $5,033,658 | ||
| 106,060 | BorgWarner, Inc. | 4,459,823 | ||
| Total Auto Components | $9,493,481 | |||
Banks - 15.7% | ||||
| 765,924 | Bank of America Corp. | $25,520,588 | ||
| 19,547 | Comerica, Inc. | 1,376,304 | ||
| 194,307 | JPMorgan Chase & Co. | 25,601,890 | ||
| 6,101(a) | SVB Financial Group | 1,413,785 | ||
| 239,126 | Wells Fargo & Co. | 13,022,802 | ||
| Total Banks | $66,935,369 | |||
Beverages - 1.2% | ||||
| 37,577 | PepsiCo., Inc. | $5,104,084 | ||
| Total Beverages | $5,104,084 | |||
Biotechnology - 0.7% | ||||
| 10,212(a) | Biogen, Inc. | $3,061,660 | ||
| Total Biotechnology | $3,061,660 | |||
Capital Markets - 1.4% | ||||
| 5,768 | BlackRock, Inc. | $2,854,641 | ||
| 57,657 | Morgan Stanley | 2,852,868 | ||
| Total Capital Markets | $5,707,509 | |||
Chemicals - 1.8% | ||||
| 145,793 | Dow, Inc. | $7,780,972 | ||
| Total Chemicals | $7,780,972 | |||
Commercial Services & Supplies - 1.6% | ||||
| 59,338 | Waste Management, Inc. | $6,699,854 | ||
| Total Commercial Services & Supplies | $6,699,854 | |||
Communications Equipment - 0.2% | ||||
| 22,048 | Cisco Systems, Inc. | $ 998,995 | ||
| Total Communications Equipment | $ 998,995 | |||
Consumer Discretionary - 3.3% | ||||
| 319,000 | Comcast Corp. | $14,083,850 | ||
| Total Consumer Discretionary | $14,083,850 | |||
Containers & Packaging - 0.3% | ||||
| 15,997 | Ball Corp. | $1,056,762 | ||
| Total Containers & Packaging | $1,056,762 | |||
Diversified Financial Services - 5.1% | ||||
| 98,061(a) | Berkshire Hathaway, Inc., Class B | $21,602,838 | ||
| Total Diversified Financial Services | $21,602,838 | |||
Diversified Telecommunication Services - 5.6% | ||||
| 175,648 | CenturyLink, Inc. | $2,545,139 | ||
| 354,387 | Verizon Communications, Inc. | 21,348,273 | ||
| Total Diversified Telecommunication Services | $23,893,412 | |||
Electric Utilities - 2.8% | ||||
| 130,949 | American Electric Power Co., Inc. | $11,962,191 | ||
| �� | Total Electric Utilities | $11,962,191 | ||
Equity Real Estate Investment Trusts (REITs) - 7.7% | ||||
| 90,035 | Digital Realty Trust, Inc. | $10,889,733 | ||
| 34,738 | Essex Property Trust, Inc. | 10,844,509 | ||
| 95,761 | Liberty Property Trust | 5,900,793 | ||
| 56,083 | Prologis, Inc. | 5,134,399 | ||
| Total Equity Real Estate Investment Trusts (REITs) | $32,769,434 | |||
Food & Staples Retailing - 4.0% | ||||
| 13,601 | Costco Wholesale Corp. | $4,077,716 | ||
| 106,418 | Sysco Corp. | 8,571,970 | ||
| 75,462 | Walgreens Boots Alliance, Inc. | 4,497,535 | ||
| Total Food & Staples Retailing | $17,147,221 | |||
Health Care Equipment & Supplies - 5.2% | ||||
| 154,577 | Medtronic Plc | $17,218,332 | ||
| 35,974 | Zimmer Biomet Holdings, Inc. | 5,226,303 | ||
| Total Health Care Equipment & Supplies | $22,444,635 | |||
Health Care Providers & Services - 4.9% | ||||
| 48,809 | AmerisourceBergen Corp. | $4,290,799 | ||
| 34,352 | Humana, Inc. | 11,721,933 | ||
| 44,517 | Quest Diagnostics, Inc. | 4,743,286 | ||
| Total Health Care Providers & Services | $20,756,018 | |||
Household Products - 0.6% | ||||
| 20,476 | Procter & Gamble Co. | $2,499,301 | ||
| Total Household Products | $2,499,301 | |||
Insurance - 5.0% | ||||
| 147,977 | American International Group, Inc. | $7,792,469 | ||
| 42,852 | Marsh & McLennan Cos., Inc. | 4,631,016 | ||
| Shares | Value | |||
| Insurance - (continued) | ||||
| 121,897 | Progressive Corp. | $8,904,576 | ||
| Total Insurance | $21,328,061 | |||
IT Services - 2.2% | ||||
| 148,984 | Cognizant Technology Solutions Corp. | $9,551,364 | ||
| Total IT Services | $9,551,364 | |||
Machinery - 2.2% | ||||
| 24,691 | Illinois Tool Works, Inc. | $4,304,382 | ||
| 32,215 | Stanley Black & Decker, Inc. | 5,081,594 | ||
| Total Machinery | $9,385,976 | |||
Multiline Retail - 0.5% | ||||
| 13,470 | Dollar General Corp. | $2,119,639 | ||
| Total Multiline Retail | $2,119,639 | |||
Oil, Gas & Consumable Fuels - 3.2% | ||||
| 134,108 | EOG Resources, Inc. | $9,508,257 | ||
| 78,393 | TOTAL S.A. (A.D.R.) | 4,118,768 | ||
| Total Oil, Gas & Consumable Fuels | $13,627,025 | |||
Pharmaceuticals - 4.5% | ||||
| 91,821(a) | Elanco Animal Health, Inc. | $2,544,360 | ||
| 36,938 | Eli Lilly & Co. | 4,334,674 | ||
| 77,795 | Merck & Co., Inc. | 6,782,168 | ||
| 95,751 | Novo Nordisk AS (A.D.R.) | 5,376,419 | ||
| Total Pharmaceuticals | $19,037,621 | |||
Road & Rail - 2.8% | ||||
| 33,665 | Kansas City Southern | $5,131,219 | ||
| 36,153 | Norfolk Southern Corp. | 6,995,606 | ||
| Total Road & Rail | $12,126,825 | |||
Semiconductors & Semiconductor Equipment - 1.7% | ||||
| 4,543 | Lam Research Corp. | $1,212,209 | ||
| 129,419(a) | Micron Technology, Inc. | 6,148,697 | ||
| Total Semiconductors & Semiconductor Equipment | $7,360,906 | |||
Specialty Retail - 3.3% | ||||
| 39,539 | Home Depot, Inc. | $8,718,745 | ||
| 89,395 | TJX Cos., Inc. | 5,464,716 | ||
| Total Specialty Retail | $14,183,461 | |||
Technology Hardware, Storage & Peripherals - 1.8% | ||||
| 4,211 | Apple, Inc. | $1,125,390 | ||
| 104,616 | NetApp, Inc. | 6,338,683 | ||
| Total Technology Hardware, Storage & Peripherals | $7,464,073 | |||
Trading Companies & Distributors - 1.0% | ||||
| 29,243(a) | United Rentals, Inc. | $4,475,641 | ||
| Total Trading Companies & Distributors | $4,475,641 | |||
| TOTAL COMMON STOCKS | ||||
(Cost $361,163,959) | $405,982,281 | |||
| Principal Amount USD ($) | Value | |||
| U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 4.2% of Net Assets | ||||
| 8,000,000(b) | U.S. Treasury Bills, 12/17/19 | $7,994,716 | ||
| 10,000,000(b) | U.S. Treasury Bills, 12/24/19 | 9,990,318 | ||
| TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS | ||||
(Cost $17,984,474) | $17,985,034 | |||
| TEMPORARY CASH INVESTMENTS - 0.5% of Net Assets | ||||
| REPURCHASE AGREEMENTS - 0.5% | ||||
| 1,000,000 | $1,000,000 TD Securities USA LLC, 1.62%, dated 11/29/19 plus accrued interest on 12/2/19, collateralized by $1,020,090 U.S. Treasury Notes, 1.85%, 10/31/21 | $1,000,000 | ||
| 1,000,000 | $1,000,000 TD Securities USA LLC, 1.64%, dated 11/29/19 plus accrued interest on 12/2/19, collateralized by $1,020,001 Federal National Mortgage Association, 3.5%, 1/1/48 | 1,000,000 | ||
| $2,000,000 | ||||
| TOTAL TEMPORARY CASH INVESTMENTS | ||||
(Cost $2,000,000) | $2,000,000 | |||
| TOTAL INVESTMENTS IN UNAFFILIATED ISSUERS - 99.9% | ||||
(Cost $381,148,433) | $425,967,315 | |||
| OTHER ASSETS AND LIABILITIES - 0.1% | $516,660 | |||
| NET ASSETS - 100.0% | $426,483,975 | |||
REIT | Real Estate Investment Trust. | |
(A.D.R.) | American Depositary Receipts. | |
(a) | Non-income producing security. | |
(b) | Security issued with a zero coupon. Income is recognized through accretion of discount. |
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 November 30, 2019, in valuing the Fund's investments: |
| Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Common Stocks | $ | 405,982,281 | $ | – | $ | – | $ | 405,982,281 | ||||||||
U.S. Government and Agency Obligations | – | 17,985,034 | – | 17,985,034 | ||||||||||||
Repurchase Agreements | – | 2,000,000 | – | 2,000,000 | ||||||||||||
| Total Investments in Securities | $ | 405,982,281 | $ | 19,985,034 | $ | – | $ | 425,967,315 | ||||||||
