Pioneer High Income Municipal Portfolio
Schedule of Investments | May 31, 2024
Schedule of Investments | 5/31/24
(unaudited)
Principal Amount USD ($) | Value | |||||
UNAFFILIATED ISSUERS — 99.5% | ||||||
Municipal Bonds — 98.7% of Net Assets(a) | ||||||
Alabama — 1.1% | ||||||
3,280,000 | County of Jefferson Sewer Revenue, 5.50%, 10/1/53 | $ 3,534,922 | ||||
4,000,000(b) | Energy Southeast A Cooperative District, Series B, 5.25%, 7/1/54 | 4,238,400 | ||||
4,525,000 | Hoover Industrial Development Board, 5.75%, 10/1/49 | 4,625,726 | ||||
Total Alabama | $12,399,048 | |||||
Arizona — 1.9% | ||||||
1,725,000 | Arizona Industrial Development Authority, Doral Academy Nevada Fire Mesa, Series A, 5.00%, 7/15/39 | $ 1,684,583 | ||||
125,000 | Arizona Industrial Development Authority, Doral Academy Of Northern Nevada Project, Series A, 4.00%, 7/15/27 (144A) | 122,478 | ||||
265,000 | Arizona Industrial Development Authority, Doral Academy Of Northern Nevada Project, Series A, 4.00%, 7/15/41 (144A) | 223,456 | ||||
1,115,000 | Arizona Industrial Development Authority, Doral Academy Of Northern Nevada Project, Series A, 4.00%, 7/15/51 (144A) | 861,438 | ||||
1,040,000 | Arizona Industrial Development Authority, Doral Academy Of Northern Nevada Project, Series A, 4.00%, 7/15/56 (144A) | 767,572 | ||||
12,490,000 | Industrial Development Authority of the City of Phoenix, 3rd & Indian School Assisted Living Project, 5.40%, 10/1/36 | 10,962,848 | ||||
1,000,000 | Industrial Development Authority of the County of Pima, Facility Desert Heights Charter, 7.00%, 5/1/34 | 1,002,250 | ||||
3,000,000 | Industrial Development Authority of the County of Pima, Facility Desert Heights Charter, 7.25%, 5/1/44 | 3,007,020 | ||||
1,810,000 | Tempe Industrial Development Authority, Series A, 6.125%, 10/1/47 (144A) | 1,077,384 | ||||
2,400,000 | Tempe Industrial Development Authority, Series A, 6.125%, 10/1/52 (144A) | 1,330,488 | ||||
Total Arizona | $21,039,517 | |||||
Arkansas — 2.8% | ||||||
13,000,000 | Arkansas Development Finance Authority, Big River Steel Project, 4.50%, 9/1/49 (144A) | $ 12,653,680 |
1Pioneer High Income Municipal Portfolio | 5/31/24
Principal Amount USD ($) | Value | |||||
Arkansas — (continued) | ||||||
12,500,000 | Arkansas Development Finance Authority, Green Bond, 5.45%, 9/1/52 | $ 12,335,000 | ||||
5,000,000 | Arkansas Development Finance Authority, Hybar Steel Project, Series A, 6.875%, 7/1/48 (144A) | 5,362,050 | ||||
Total Arkansas | $30,350,730 | |||||
California — 13.7% | ||||||
2,000,000 | Burbank-Glendale-Pasadena Airport Authority, Brick Campaign, Series B, 5.25%, 7/1/54 | $ 2,118,640 | ||||
1,755,000 | California County Tobacco Securitization Agency, 5.00%, 6/1/50 | 1,730,079 | ||||
60,000 | California County Tobacco Securitization Agency, Asset-Backed, Series A, 5.875%, 6/1/43 | 60,225 | ||||
185,000 | California Municipal Finance Authority, Series A, 5.00%, 12/1/36 (144A) | 186,056 | ||||
2,910,000 | California Municipal Finance Authority, Series B, 4.75%, 12/1/31 (144A) | 2,600,842 | ||||
6,115,000 | California Municipal Finance Authority, Series B, 5.25%, 12/1/36 (144A) | 5,299,137 | ||||
4,530,000 | California Municipal Finance Authority, Series B, 5.50%, 12/1/39 (144A) | 3,876,004 | ||||
2,000,000 | California Municipal Finance Authority, Baptist University, Series A, 5.00%, 11/1/46 (144A) | 1,902,420 | ||||
6,750,000 | California Municipal Finance Authority, Baptist University, Series A, 5.50%, 11/1/45 (144A) | 6,780,577 | ||||
250,000 | California Municipal Finance Authority, John Adams Academics Project, Series A, 5.00%, 10/1/35 | 250,828 | ||||
1,550,000 | California Municipal Finance Authority, John Adams Academics Project, Series A, 5.25%, 10/1/45 | 1,556,231 | ||||
500,000 | California Municipal Finance Authority, Santa Rosa Academy Project, 5.125%, 7/1/35 (144A) | 500,310 | ||||
1,575,000 | California Municipal Finance Authority, Santa Rosa Academy Project, 5.375%, 7/1/45 (144A) | 1,601,271 | ||||
1,600,000 | California Municipal Finance Authority, Westside Neighborhood School Project, 6.20%, 6/15/54 (144A) | 1,650,608 | ||||
1,000,000(c) | California School Finance Authority, New Designs Charter School Project, Series A, 5.00%, 6/1/64 (144A) | 963,890 | ||||
280,000 | California School Finance Authority, Stem Preparatory Schools, Series A, 5.00%, 6/1/43 (144A) | 280,820 | ||||
500,000 | California School Finance Authority, Stem Preparatory Schools, Series A, 5.125%, 6/1/53 (144A) | 482,560 |
Pioneer High Income Municipal Portfolio | 5/31/242
Schedule of Investments | 5/31/24
(unaudited) (continued)
Principal Amount USD ($) | Value | |||||
California — (continued) | ||||||
1,000,000 | California School Finance Authority, Stem Preparatory Schools, Series A, 5.375%, 5/1/63 (144A) | $ 970,140 | ||||
100,000 | California School Finance Authority, View Park Elementary & Middle School, Series A, 4.75%, 10/1/24 | 99,840 | ||||
830,000 | California School Finance Authority, View Park Elementary & Middle School, Series A, 5.625%, 10/1/34 | 830,125 | ||||
3,175,000 | California School Finance Authority, View Park Elementary & Middle School, Series A, 5.875%, 10/1/44 | 3,175,571 | ||||
1,000,000 | California School Finance Authority, View Park Elementary & Middle School, Series A, 6.00%, 10/1/49 | 999,990 | ||||
3,230,000 | California School Finance Authority, View Park High School, Series A, 7.125%, 10/1/48 (144A) | 3,240,627 | ||||
1,560,000 | California Statewide Communities Development Authority, Baptist University, Series A, 6.125%, 11/1/33 (144A) | 1,561,482 | ||||
4,030,000 | California Statewide Communities Development Authority, Baptist University, Series A, 6.375%, 11/1/43 (144A) | 4,033,708 | ||||
4,475,000 | California Statewide Communities Development Authority, Loma Linda University Medical Center, 5.25%, 12/1/43 (144A) | 4,583,474 | ||||
20,760,000 | California Statewide Communities Development Authority, Loma Linda University Medical Center, 5.50%, 12/1/58 (144A) | 21,152,987 | ||||
11,320,000 | California Statewide Communities Development Authority, Loma Linda University Medical Center, Series A, 5.25%, 12/1/56 (144A) | 11,345,583 | ||||
675,000 | Chino Community Facilities District, 5.00%, 9/1/49 | 674,777 | ||||
24,290,000 | City of Oroville, Oroville Hospital, 5.25%, 4/1/54 | 16,571,367 | ||||
7,000,000 | Golden State Tobacco Securitization Corp., Series A-1, 3.714%, 6/1/41 | 5,276,950 | ||||
47,000,000 | Golden State Tobacco Securitization Corp., Series A-1, 4.214%, 6/1/50 | 33,598,420 | ||||
60,000,000(d) | Golden State Tobacco Securitization Corp., Series B-2, 6/1/66 | 6,562,200 |
3Pioneer High Income Municipal Portfolio | 5/31/24
Principal Amount USD ($) | Value | |||||
California — (continued) | ||||||
2,500,000(d) | Pittsburg Unified School District Financing Authority, Capital Appreciation General Obligation Pittsburg, 9/1/41 (AGM Insured) | $ 1,179,775 | ||||
1,925,000(d) | Pittsburg Unified School District Financing Authority, Capital Appreciation General Obligation Pittsburg, 9/1/42 (AGM Insured) | 850,734 | ||||
Total California | $148,548,248 | |||||
Colorado — 5.5% | ||||||
4,535,000(e) | 2000 Holly Metropolitan District, Series A, 5.00%, 12/1/50 | $ 4,007,942 | ||||
577,000(e) | 2000 Holly Metropolitan District, Series B, 7.50%, 12/15/50 | 523,697 | ||||
5,000,000 | Aerotropolis Regional Transportation Authority, 4.375%, 12/1/52 | 4,135,000 | ||||
1,735,000(e) | Belleview Village Metropolitan District, 4.95%, 12/1/50 | 1,454,294 | ||||
1,000,000 | Colorado Educational & Cultural Facilities Authority, Ascent Classical Academy Charter Schools, Inc Project, Series A, 5.75%, 4/1/59 (144A) | 994,130 | ||||
2,500,000 | Colorado Educational & Cultural Facilities Authority, Ascent Classical Academy Charter Schools, Inc Project, Series A, 5.80%, 4/1/54 (144A) | 2,524,050 | ||||
1,248,000(e) | Cottonwood Highlands Metropolitan District No. 1, Series A, 5.00%, 12/1/49 | 1,159,804 | ||||
2,090,000(e) | Cottonwood Highlands Metropolitan District No. 1, Series B, 8.75%, 12/15/49 | 2,099,551 | ||||
4,090,000(e) | Crystal Crossing Metropolitan District, 5.25%, 12/1/40 | 3,995,725 | ||||
10,700,000 | Dominion Water & Sanitation District, 5.875%, 12/1/52 | 10,479,045 | ||||
8,425,000(e) | Green Valley Ranch East Metropolitan District No. 6, Series A, 5.875%, 12/1/50 | 8,257,090 | ||||
15,270,000(e) | Larkridge Metropolitan District No. 2, 5.25%, 12/1/48 | 14,292,567 | ||||
2,125,000(e) | Prairie Center Metropolitan District No 3, Series A, 5.875%, 12/15/46 | 2,235,649 | ||||
1,000,000 | Rampart Range Metropolitan District No 5, 4.00%, 12/1/51 | 740,030 | ||||
1,000,000 | Sterling Ranch Community Authority Board, 5.625%, 12/1/43 | 1,000,080 |
Pioneer High Income Municipal Portfolio | 5/31/244
Schedule of Investments | 5/31/24
(unaudited) (continued)
Principal Amount USD ($) | Value | |||||
Colorado — (continued) | ||||||
1,232,000(e) | Villas Metropolitan District, Series A, 5.125%, 12/1/48 | $ 1,137,506 | ||||
755,000(e) | Willow Bend Metropolitan District, Series B, 7.625%, 12/15/49 | 685,276 | ||||
Total Colorado | $59,721,436 | |||||
Delaware — 0.5% | ||||||
2,250,000 | Delaware State Economic Development Authority, Aspira of Delaware Charter, 4.00%, 6/1/52 | $ 1,569,397 | ||||
1,380,000 | Delaware State Economic Development Authority, Aspira of Delaware Charter, 4.00%, 6/1/57 | 913,933 | ||||
875,000 | Town of Bridgeville, Heritage Shores Special Development District, 5.25%, 7/1/44 (144A) | 892,378 | ||||
1,535,000 | Town of Bridgeville, Heritage Shores Special Development District, 5.625%, 7/1/53 (144A) | 1,571,993 | ||||
Total Delaware | $4,947,701 | |||||
District of Columbia — 0.9% | ||||||
845,000 | District of Columbia, Inspired Teaching Demonstration Public Charter School, 5.00%, 7/1/32 | $ 863,970 | ||||
1,500,000 | District of Columbia, Inspired Teaching Demonstration Public Charter School, 5.00%, 7/1/42 | 1,525,965 | ||||
1,165,000 | District of Columbia, Inspired Teaching Demonstration Public Charter School, 5.00%, 7/1/47 | 1,147,059 | ||||
1,835,000 | District of Columbia, Inspired Teaching Demonstration Public Charter School, 5.00%, 7/1/52 | 1,785,418 | ||||
1,130,000 | District of Columbia, Union Market Project, Series A, 5.125%, 6/1/34 (144A) | 1,106,903 | ||||
2,260,000(b) | District of Columbia, Union Market Project, Series B, 6/1/41 (144A) | 1,250,594 | ||||
2,100,000(b) | District of Columbia, Union Market Project, Series B, 6/1/49 (144A) | 1,113,105 | ||||
615,000 | District of Columbia Tobacco Settlement Financing Corp., Asset-Backed, 6.75%, 5/15/40 | 635,953 | ||||
Total District of Columbia | $9,428,967 | |||||
Florida — 3.5% | ||||||
275,000 | Capital Projects Finance Authority, Kissimmee Charter Academy Project, 6.50%, 6/15/54 (144A) | $ 280,101 | ||||
445,000 | Capital Projects Finance Authority, Kissimmee Charter Academy Project, 6.625%, 6/15/59 (144A) | 451,582 | ||||
2,140,000 | Capital Trust Authority, Imagine School At West Pasco Project, Series A, 6.25%, 12/15/43 (144A) | 2,157,334 |
5Pioneer High Income Municipal Portfolio | 5/31/24
Principal Amount USD ($) | Value | |||||
Florida — (continued) | ||||||
2,100,000 | Capital Trust Authority, Imagine School At West Pasco Project, Series A, 6.50%, 12/15/58 (144A) | $ 2,108,778 | ||||
850,000 | County of Lake, 5.00%, 1/15/54 (144A) | 736,304 | ||||
170,000 | County of Lake, Imagine South Lake Charter School Project, 5.00%, 1/15/29 (144A) | 167,873 | ||||
2,350,000 | County of Lake, Imagine South Lake, Charter School Project, 5.00%, 1/15/49 (144A) | 2,089,573 | ||||
5,000,000 | Florida Development Finance Corp., Brightline Florida Passenger Rail Project, 5.25%, 7/1/47 | 5,113,700 | ||||
3,000,000 | Florida Development Finance Corp., Brightline Florida Passenger Rail Project, 5.25%, 7/1/53 (AGM Insured) | 3,088,080 | ||||
3,000,000(b) | Florida Development Finance Corp., Brightline Florida Passenger Rail Project, 12.00%, 7/15/32 (144A) | 3,120,090 | ||||
300,000 | Florida Development Finance Corp., Glenridge On Palmer Ranch Project, 5.00%, 6/1/31 (144A) | 287,823 | ||||
225,000 | Florida Development Finance Corp., Glenridge On Palmer Ranch Project, 5.00%, 6/1/35 (144A) | 206,438 | ||||
13,475,000 | Florida Development Finance Corp., Glenridge On Palmer Ranch Project, 5.00%, 6/1/51 (144A) | 10,588,385 | ||||
850,000(c) | Florida Development Finance Corp., The Henry Project, Series A-1, 5.25%, 6/1/54 (144A) | 853,281 | ||||
500,000(c) | Florida Development Finance Corp., The Henry Project, Series A-1, 5.25%, 6/1/59 (144A) | 498,405 | ||||
4,100,000(c) | Florida Development Finance Corp., The Henry Project, Series B, 6.50%, 6/1/59 (144A) | 4,100,000 | ||||
2,000,000 | Village Community Development District No 15, 5.25%, 5/1/54 (144A) | 2,026,600 | ||||
Total Florida | $37,874,347 | |||||
Guam — 0.1% | ||||||
1,100,000 | Guam Economic Development & Commerce Authority, Asset-Backed, 5.625%, 6/1/47 | $ 1,063,601 | ||||
Total Guam | $1,063,601 | |||||
Illinois — 5.5% | ||||||
12,170,000(e) | Chicago Board of Education, Series A, 5.00%, 12/1/42 | $ 11,802,587 | ||||
1,000,000(e) | Chicago Board of Education, Series A, 7.00%, 12/1/46 (144A) | 1,066,340 | ||||
8,000,000(e) | Chicago Board of Education, Series B, 6.50%, 12/1/46 | 8,329,840 |
Pioneer High Income Municipal Portfolio | 5/31/246
Schedule of Investments | 5/31/24
(unaudited) (continued)
Principal Amount USD ($) | Value | |||||
Illinois — (continued) | ||||||
15,000,000(e) | Chicago Board of Education, Series D, 5.00%, 12/1/46 | $ 14,404,350 | ||||
4,050,000(f) | Illinois Finance Authority, Series A-2, 6.00%, 11/15/36 | 2,632,500 | ||||
1,591,212(d)(f) | Illinois Finance Authority, Cabs Clare Oaks Project, Series B-1, 11/15/52 | 95,473 | ||||
2,520,597(b)(f) | Illinois Finance Authority, Clare Oaks Project, Series A-3, 4.00%, 11/15/52 | 1,638,388 | ||||
5,000,000(d) | Metropolitan Pier & Exposition Authority, McCormick Place Expansion Project, Series B, 12/15/54 (BAM-TCRS Insured) | 1,039,500 | ||||
12,160,000 | Southwestern Illinois Development Authority, 5.00%, 6/1/53 | 11,275,725 | ||||
1,235,000 | Southwestern Illinois Development Authority, 8.00%, 6/1/53 | 1,181,463 | ||||
1,415,000(f) | Southwestern Illinois Development Authority, Village of Sauget Project, 5.625%, 11/1/26 | 990,500 | ||||
3,040,000 | Village of Lincolnwood, Series A, 4.82%, 1/1/41 (144A) | 2,707,728 | ||||
2,165,000 | Village of Matteson, 6.50%, 12/1/35 | 2,213,258 | ||||
Total Illinois | $59,377,652 | |||||
Indiana — 9.9% | ||||||
8,230,000 | City of Anderson, 5.375%, 1/1/40 (144A) | $ 6,939,865 | ||||
420,000 | City of Evansville, Silver Birch Evansville Project, 4.80%, 1/1/28 | 406,174 | ||||
6,475,000 | City of Evansville, Silver Birch Evansville Project, 5.45%, 1/1/38 | 5,643,998 | ||||
500,000 | City of Fort Wayne, 5.125%, 1/1/32 | 466,745 | ||||
4,665,000 | City of Fort Wayne, 5.35%, 1/1/38 | 4,170,977 | ||||
24,990,000 | City of Hammond, Custodial Receipts Cabelas Project, 7.50%, 2/1/29 (144A) | 24,133,093 | ||||
945,000 | City of Kokomo, Silver Birch of Kokomo, 5.75%, 1/1/34 | 936,949 | ||||
7,825,000 | City of Kokomo, Silver Birch of Kokomo, 5.875%, 1/1/37 | 7,545,569 | ||||
990,000 | City of Lafayette, Glasswater Creek Lafayette Project, 5.60%, 1/1/33 | 957,776 | ||||
6,000,000 | City of Lafayette, Glasswater Creek Lafayette Project, 5.80%, 1/1/37 | 5,537,220 | ||||
800,000 | City of Mishawaka, Silver Birch Mishawaka Project, 5.10%, 1/1/32 (144A) | 749,256 | ||||
5,890,000 | City of Mishawaka, Silver Birch Mishawaka Project, 5.375%, 1/1/38 (144A) | 4,957,495 |
7Pioneer High Income Municipal Portfolio | 5/31/24
Principal Amount USD ($) | Value | |||||
Indiana — (continued) | ||||||
4,560,000 | City of Terre Haute, 5.35%, 1/1/38 | $ 4,159,267 | ||||
1,750,000 | City of Valparaiso, Pratt Paper LLC Project, 4.875%, 1/1/44 (144A) | 1,763,790 | ||||
2,000,000 | City of Valparaiso, Pratt Paper LLC Project, 5.00%, 1/1/54 (144A) | 2,033,520 | ||||
5,190,000 | Indiana Finance Authority, Multipurpose Educational Facilities, Avondale Meadows Academy Project, 5.125%, 7/1/37 | 5,140,124 | ||||
2,830,000 | Indiana Finance Authority, Multipurpose Educational Facilities, Avondale Meadows Academy Project, 5.375%, 7/1/47 | 2,684,340 | ||||
1,975,000 | Indiana Finance Authority, Sanders Glen Project, Series A, 4.25%, 7/1/43 | 1,463,831 | ||||
2,020,000 | Indiana Finance Authority, Sanders Glen Project, Series A, 4.50%, 7/1/53 | 1,296,577 | ||||
11,985,000 | Indiana Housing & Community Development Authority, Series A, 5.00%, 1/1/39 (144A) | 9,580,210 | ||||
8,260,000 | Indiana Housing & Community Development Authority, Evergreen Village Bloomington Project, 5.50%, 1/1/37 | 7,251,371 | ||||
10,170,000 | Town of Plainfield Multifamily Housing Revenue, 5.375%, 9/1/38 | 9,725,774 | ||||
Total Indiana | $107,543,921 | |||||
Kansas — 1.2% | ||||||
400,000 | Kansas Development Finance Authority, Series A, 5.25%, 11/15/33 | $ 353,300 | ||||
15,405,000 | Kansas Development Finance Authority, Series A, 5.25%, 11/15/53 | 10,847,585 | ||||
2,500,000 | Kansas Development Finance Authority, Series A, 5.50%, 11/15/38 | 2,086,450 | ||||
Total Kansas | $13,287,335 | |||||
Massachusetts — 0.6% | ||||||
2,790,000 | Massachusetts Development Finance Agency, Series A, 5.00%, 7/1/44 | $ 2,708,086 | ||||
635,502(f) | Massachusetts Development Finance Agency, Adventcare Project, 7.625%, 10/15/37 | 63 |
Pioneer High Income Municipal Portfolio | 5/31/248
Schedule of Investments | 5/31/24
(unaudited) (continued)
Principal Amount USD ($) | Value | |||||
Massachusetts — (continued) | ||||||
1,661,444(f) | Massachusetts Development Finance Agency, Adventcare Project, Series A, 6.75%, 10/15/37 (144A) | $ 166 | ||||
4,000,000 | Massachusetts Development Finance Agency, Lowell General Hospital, Series G, 5.00%, 7/1/44 | 3,872,040 | ||||
Total Massachusetts | $6,580,355 | |||||
Michigan — 2.9% | ||||||
8,490,000 | David Ellis Academy-West, 5.25%, 6/1/45 | $ 7,649,575 | ||||
1,250,000 | Flint Hospital Building Authority, Hurley Medical Center, Series A, 5.25%, 7/1/39 | 1,195,438 | ||||
5,485,000 | Flint International Academy, 5.75%, 10/1/37 | 5,485,000 | ||||
5,720,000 | Michigan Finance Authority, Dr. Joseph F. Pollack Academic Center of Excellence Project, 5.75%, 4/1/40 | 5,787,324 | ||||
585,000 | Michigan Finance Authority, The Henry Ford Health Detroit South Campus Central Utility Plant Project, 5.50%, 2/28/49 | 629,039 | ||||
4,000,000(b) | Michigan Strategic Fund, Series B, 7.50%, 11/1/41 | 4,146,360 | ||||
7,085,000(b) | Michigan Strategic Fund, Michigan Department Offices Lease, Series B, 7.75%, 3/1/40 | 6,071,349 | ||||
Total Michigan | $30,964,085 | |||||
Minnesota — 2.5% | ||||||
1,310,000 | City of Bethel, 6.00%, 7/1/57 | $ 1,167,590 | ||||
4,210,000 | City of Bethel, Series A, 5.00%, 7/1/48 | 3,889,408 | ||||
1,000,000 | City of Bethel, Series A, 5.00%, 7/1/53 | 880,640 | ||||
2,265,000 | City of Brooklyn Park, Prairie Seeds Academy Project, Series A, 5.00%, 3/1/34 | 2,136,212 | ||||
2,000,000 | City of Brooklyn Park, Prairie Seeds Academy Project, Series A, 5.00%, 3/1/39 | 1,827,160 | ||||
3,515,000 | City of Deephaven, Eagle Ridge Academy Project, Series A, 5.00%, 7/1/55 | 3,376,509 | ||||
400,000 | City of Deephaven, Eagle Ridge Academy Project, Series A, 5.25%, 7/1/37 | 391,828 | ||||
1,500,000 | City of Deephaven, Eagle Ridge Academy Project, Series A, 5.50%, 7/1/50 | 1,478,190 | ||||
1,500,000 | City of Rochester, Rochester Math & Science Academy, Series A, 5.125%, 9/1/38 | 1,316,100 | ||||
3,145,000 | City of Rochester, Rochester Math & Science Academy, Series A, 5.25%, 9/1/43 | 2,572,358 | ||||
6,080,000 | City of Rochester, Rochester Math & Science Academy, Series A, 5.375%, 9/1/50 | 4,723,066 |
9Pioneer High Income Municipal Portfolio | 5/31/24
Principal Amount USD ($) | Value | |||||
Minnesota — (continued) | ||||||
2,000,000 | Housing & Redevelopment Authority of The City of St. Paul Minnesota, Great River School Project, Series A, 5.50%, 7/1/52 (144A) | $ 1,893,600 | ||||
1,300,000 | Housing & Redevelopment Authority of The City of St. Paul Minnesota, St. Paul City School Project, Series A, 5.00%, 7/1/36 | 1,340,495 | ||||
Total Minnesota | $26,993,156 | |||||
Missouri — 0.3% | ||||||
1,000,000 | Kansas City Industrial Development Authority, Series A, 5.00%, 4/1/36 (144A) | $ 923,680 | ||||
2,300,000 | Kansas City Industrial Development Authority, Series A, 5.00%, 4/1/46 (144A) | 2,011,948 | ||||
Total Missouri | $2,935,628 | |||||
Nevada — 0.2% | ||||||
1,125,000 | City of Las Vegas Special Improvement District No 611, Sunstone Phase I and II, 4.125%, 6/1/50 | $ 908,078 | ||||
500,000 | City of Las Vegas Special Improvement District No 613, Sunstone Phase III and IV, 5.25%, 12/1/47 | 490,570 | ||||
500,000 | City of Las Vegas Special Improvement District No 613, Sunstone Phase III and IV, 5.50%, 12/1/53 | 496,505 | ||||
Total Nevada | $1,895,153 | |||||
New Jersey — 1.0% | ||||||
1,255,000 | New Jersey Economic Development Authority, Series A, 5.25%, 10/1/38 (144A) | $ 1,178,746 | ||||
1,215,000 | New Jersey Economic Development Authority, Charter Hatikvah International Academy, Series A, 5.25%, 7/1/37 (144A) | 1,123,158 | ||||
2,500,000 | New Jersey Economic Development Authority, Charter Hatikvah International Academy, Series A, 5.375%, 7/1/47 (144A) | 2,258,125 | ||||
7,205,000 | New Jersey Economic Development Authority, Marion P. Thomas Charter School, Inc., Project, Series A, 5.375%, 10/1/50 (144A) | 6,486,662 | ||||
Total New Jersey | $11,046,691 | |||||
New Mexico — 1.3% | ||||||
13,850,000(b) | County of Otero, Otero County Jail Project, Certificate Participation, 9.00%, 4/1/28 | $ 13,088,250 | ||||
1,750,000 | Lower Petroglyphs Public Improvement District, 5.00%, 10/1/48 | 1,571,517 | ||||
Total New Mexico | $14,659,767 | |||||
Pioneer High Income Municipal Portfolio | 5/31/2410
Schedule of Investments | 5/31/24
(unaudited) (continued)
Principal Amount USD ($) | Value | |||||
New York — 15.0% | ||||||
2,600,000(c) | Albany Capital Resource Corp., Kipp Capital Region Public Charter Schools Project, 5.00%, 6/1/64 | $ 2,591,368 | ||||
375,000(f) | Buffalo & Erie County Industrial Land Development Corp., 5.00%, 10/1/28 (144A) | 165,000 | ||||
4,150,000(f) | Buffalo & Erie County Industrial Land Development Corp., 5.00%, 10/1/38 (144A) | 1,826,000 | ||||
9,250,000 | Dutchess County Local Development Corp., Health Quest Systems Inc., Series B, 5.00%, 7/1/46 | 8,935,407 | ||||
3,755,000 | Erie Tobacco Asset Securitization Corp., Asset-Backed, Series A, 5.00%, 6/1/45 | 3,481,899 | ||||
22,015,000 | Nassau County Tobacco Settlement Corp., Asset-Backed, Series A-3, 5.00%, 6/1/35 | 20,822,447 | ||||
10,020,000 | Nassau County Tobacco Settlement Corp., Asset-Backed, Series A-3, 5.125%, 6/1/46 | 9,220,504 | ||||
9,700,000 | New York Counties Tobacco Trust IV, Series A, 5.00%, 6/1/42 | 9,001,988 | ||||
5,700,000 | New York Counties Tobacco Trust IV, Series A, 6.25%, 6/1/41 (144A) | 5,598,255 | ||||
21,120,000 | New York Counties Tobacco Trust IV, Settlement pass through, Series A, 5.00%, 6/1/45 | 19,113,178 | ||||
51,600,000(d) | New York Counties Tobacco Trust V, Capital Appreciation Pass Through, Series 4A, 6/1/60 (144A) | 2,544,396 | ||||
7,440,000 | New York Counties Tobacco Trust VI, Series 2B, 5.00%, 6/1/45 | 6,942,264 | ||||
11,745,000 | New York Counties Tobacco Trust VI, Settlement pass through, Series 2B, 5.00%, 6/1/51 | 10,604,208 | ||||
2,625,000 | Riverhead Industrial Development Agency, 7.65%, 8/1/34 | 2,625,788 | ||||
5,100,000 | Suffolk Regional Off-Track Betting Co., 6.00%, 12/1/53 | 5,227,041 | ||||
26,890,000 | TSASC, Inc., Series B, 5.00%, 6/1/45 | 23,101,468 | ||||
20,590,000 | TSASC, Inc., Series B, 5.00%, 6/1/48 | 17,412,345 | ||||
9,000,000 | Westchester County Local Development Corp., Purchase Senior Learning Community, 4.50%, 7/1/56 (144A) | 7,681,320 | ||||
5,000,000 | Westchester County Local Development Corp., Purchase Senior Learning Community, Inc. Project, 5.00%, 7/1/36 (144A) | 5,080,000 | ||||
Total New York | $161,974,876 | |||||
Ohio — 4.4% | ||||||
45,000,000 | Buckeye Tobacco Settlement Financing Authority, Senior Class 2, Series B-2, 5.00%, 6/1/55 | $ 40,142,700 |
11Pioneer High Income Municipal Portfolio | 5/31/24
Principal Amount USD ($) | Value | |||||
Ohio — (continued) | ||||||
980,000 | Ohio Housing Finance Agency, Sanctuary Springboro Project, 5.125%, 1/1/32 (144A) | $ 835,538 | ||||
5,275,000 | Ohio Housing Finance Agency, Sanctuary Springboro Project, 5.45%, 1/1/38 (144A) | 4,290,316 | ||||
2,195,000 | Port of Greater Cincinnati Development Authority, Duke Energy Convention Center Project, Series B, 5.00%, 12/1/35 (AGM Insured) | 2,448,215 | ||||
Total Ohio | $47,716,769 | |||||
Pennsylvania — 6.0% | ||||||
1,000,000 | Chester County Industrial Development Authority, Collegium Charter School, Series A, 5.125%, 10/15/37 | $ 933,470 | ||||
2,035,000 | Chester County Industrial Development Authority, Collegium Charter School, Series A, 5.25%, 10/15/47 | 1,834,878 | ||||
8,465,000 | Delaware County Industrial Development Authority, Chester Charter School Arts Project, Series A, 5.125%, 6/1/46 (144A) | 7,747,083 | ||||
1,095,000 | Philadelphia Authority for Industrial Development, 5.00%, 4/15/32 (144A) | 1,097,343 | ||||
2,290,000 | Philadelphia Authority for Industrial Development, 5.00%, 4/15/42 (144A) | 2,205,591 | ||||
3,335,000 | Philadelphia Authority for Industrial Development, 5.00%, 4/15/52 (144A) | 2,964,882 | ||||
1,660,000 | Philadelphia Authority for Industrial Development, 5.125%, 6/1/38 (144A) | 1,675,903 | ||||
6,045,000(b) | Philadelphia Authority for Industrial Development, 5.125%, 12/15/44 (144A) | 5,441,709 | ||||
3,500,000 | Philadelphia Authority for Industrial Development, 5.25%, 6/1/48 (144A) | 3,500,280 | ||||
4,370,000 | Philadelphia Authority for Industrial Development, 5.375%, 6/1/53 (144A) | 4,279,454 | ||||
9,435,000 | Philadelphia Authority for Industrial Development, 5.50%, 6/1/49 (144A) | 8,571,981 | ||||
900,000 | Philadelphia Authority for Industrial Development, Series A, 5.00%, 11/15/31 | 853,146 | ||||
4,055,000 | Philadelphia Authority for Industrial Development, 2800 American Street Co. Project, Series A, 5.625%, 7/1/48 (144A) | 3,969,480 | ||||
8,295,000 | Philadelphia Authority for Industrial Development, Global Leadership Academy Charter School Project, Series A, 5.00%, 11/15/50 | 6,823,135 |
Pioneer High Income Municipal Portfolio | 5/31/2412
Schedule of Investments | 5/31/24
(unaudited) (continued)
Principal Amount USD ($) | Value | |||||
Pennsylvania — (continued) | ||||||
2,200,000 | Philadelphia Authority for Industrial Development, Greater Philadelphia Health Action, Inc. Project, Series A, 6.50%, 6/1/45 | $ 2,080,496 | ||||
2,940,000 | Philadelphia Authority for Industrial Development, Greater Philadelphia Health Action, Inc., Project, Series A, 6.625%, 6/1/50 | 2,773,743 | ||||
255,000 | Philadelphia Authority for Industrial Development, Green Woods Charter School, Series A, 5.00%, 6/15/32 | 251,086 | ||||
1,045,000 | Philadelphia Authority for Industrial Development, Green Woods Charter School, Series A, 5.125%, 6/15/42 | 1,001,998 | ||||
970,000 | Philadelphia Authority for Industrial Development, Green Woods Charter School, Series A, 5.25%, 6/15/52 | 889,073 | ||||
1,020,000 | Philadelphia Authority for Industrial Development, Green Woods Charter School, Series A, 5.375%, 6/15/57 | 932,096 | ||||
2,000,000 | Philadelphia Authority for Industrial Development, Tacony Academy Charter school Project, 5.00%, 6/15/33 (144A) | 1,963,980 | ||||
1,500,000 | Philadelphia Authority for Industrial Development, Tacony Academy Charter school Project, 5.375%, 6/15/38 (144A) | 1,470,690 | ||||
1,750,000 | Philadelphia Authority for Industrial Development, Tacony Academy Charter school Project, 5.50%, 6/15/43 (144A) | 1,702,015 | ||||
Total Pennsylvania | $64,963,512 | |||||
Puerto Rico — 4.8% | ||||||
26,562,686(b) | Commonwealth of Puerto Rico, 11/1/43 | $ 16,136,832 | ||||
25,000,000(b) | Commonwealth of Puerto Rico, 11/1/51 | 5,187,500 | ||||
10,689,000(e) | Commonwealth of Puerto Rico, Restructured Series A-1, 4.00%, 7/1/46 | 9,580,016 | ||||
8,500,000 | GDB Debt Recovery Authority of Puerto Rico, 7.50%, 8/20/40 | 8,223,750 | ||||
6,685,000(f) | Puerto Rico Electric Power Authority, Series AAA, 5.25%, 7/1/21 | 1,738,100 | ||||
3,535,000(f) | Puerto Rico Electric Power Authority, Series CCC, 4.80%, 7/1/28 | 919,100 | ||||
1,285,000(f) | Puerto Rico Electric Power Authority, Series CCC, 5.00%, 7/1/24 | 334,100 | ||||
3,735,000(f) | Puerto Rico Electric Power Authority, Series DDD, 5.00%, 7/1/23 | 971,100 |
13Pioneer High Income Municipal Portfolio | 5/31/24
Principal Amount USD ($) | Value | |||||
Puerto Rico — (continued) | ||||||
3,315,000(f) | Puerto Rico Electric Power Authority, Series TT, 5.00%, 7/1/21 | $ 861,900 | ||||
1,000,000(f) | Puerto Rico Electric Power Authority, Series WW, 5.00%, 7/1/28 | 260,000 | ||||
1,130,000(f) | Puerto Rico Electric Power Authority, Series ZZ, 4.75%, 7/1/27 | 293,800 | ||||
665,000 | Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority, Series A, 5.20%, 7/1/24 | 668,678 | ||||
20,000,000(d) | Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, Series A-1, 7/1/46 | 6,344,800 | ||||
Total Puerto Rico | $51,519,676 | |||||
Rhode Island — 0.1% | ||||||
2,065,000(f) | Central Falls Detention Facility Corp., 7.25%, 7/15/35 | $ 826,000 | ||||
Total Rhode Island | $826,000 | |||||
Tennessee — 0.2% | ||||||
2,000,000(c) | Knox County Health Educational & Housing Facility Board, University of Tennessee Project, Series B-1, 5.125%, 7/1/59 (BAM Insured) | $ 2,076,940 | ||||
300,000(c) | Knox County Health Educational & Housing Facility Board, University of Tennessee Project, Series B-1, 5.25%, 7/1/64 (BAM Insured) | 312,714 | ||||
Total Tennessee | $2,389,654 | |||||
Texas — 4.9% | ||||||
600,000(c) | Arlington Higher Education Finance Corp., Great Hearts America, Series A, 5.00%, 8/15/49 | $ 576,276 | ||||
16,875,000 | Arlington Higher Education Finance Corp., Universal Academy, Series A, 5.45%, 3/1/49 (144A) | 17,485,031 | ||||
525,000 | Arlington Higher Education Finance Corp., Universal Academy, Series A, 6.625%, 3/1/29 | 525,961 | ||||
375,000 | Arlington Higher Education Finance Corp., Universal Academy, Series A, 7.00%, 3/1/34 | 375,487 | ||||
7,030,000 | Arlington Higher Education Finance Corp., Universal Academy, Series A, 7.125%, 3/1/44 | 6,922,652 | ||||
160,000 | City of Celina, 5.50%, 9/1/24 | 160,086 | ||||
700,000 | Clifton Higher Education Finance Corp., Inspire Academies, 5.25%, 8/15/44 (PSF-GTD Insured) | 762,517 | ||||
1,750,000 | Clifton Higher Education Finance Corp., Inspire Academies, 5.25%, 8/15/49 (PSF-GTD Insured) | 1,866,970 | ||||
16,755,000(b)(f) | Greater Texas Cultural Education Facilities Finance Corp., 8.00%, 2/1/50 (144A) | 10,220,550 |
Pioneer High Income Municipal Portfolio | 5/31/2414
Schedule of Investments | 5/31/24
(unaudited) (continued)
Principal Amount USD ($) | Value | |||||
Texas — (continued) | ||||||
3,335,000(b)(f) | Greater Texas Cultural Education Facilities Finance Corp., Series B, 8.00%, 2/1/33 (144A) | $ 2,034,350 | ||||
4,500,000 | New Hope Cultural Education Facilities Finance Corp., Sanctuary LTC Project, Series A-1, 5.50%, 1/1/57 | 4,036,545 | ||||
1,500,000(c) | Port of Beaumont Navigation District, Jefferson Gulf Coast Energy Project, Series A, 5.00%, 1/1/39 (144A) | 1,500,000 | ||||
500,000(c) | Port of Beaumont Navigation District, Jefferson Gulf Coast Energy Project, Series A, 5.25%, 1/1/54 (144A) | 500,000 | ||||
17,350,000(f) | Sanger Industrial Development Corp., Texas Pellets Project, Series B, 8.00%, 7/1/38 | 1,735 | ||||
8,142,447(f) | Tarrant County Cultural Education Facilities Finance Corp., Series A, 5.75%, 12/1/54 | 5,292,591 | ||||
1,000,000(b) | Texas Midwest Public Facility Corp., Secure Treatment Facility Project, Restructured Series, 12/1/30 | 697,870 | ||||
Total Texas | $52,958,621 | |||||
Virginia — 4.2% | ||||||
17,925,000 | Tobacco Settlement Financing Corp., Series A-1, 6.706%, 6/1/46 | $ 15,191,437 | ||||
23,495,000 | Tobacco Settlement Financing Corp., Series B-1, 5.00%, 6/1/47 | 21,124,120 | ||||
5,905,000(b) | Tobacco Settlement Financing Corp., Series B-2, 5.20%, 6/1/46 | 5,770,720 | ||||
14,000,000(d) | Tobacco Settlement Financing Corp., Series D, 6/1/47 | 3,829,420 | ||||
Total Virginia | $45,915,697 | |||||
Wisconsin — 3.7% | ||||||
2,500,000 | Public Finance Authority, American Preparatory Academy - Las Vegas Project, Series A, 5.125%, 7/15/37 (144A) | $ 2,458,425 | ||||
1,550,000 | Public Finance Authority, Community School of Davidson Project, 5.00%, 10/1/33 | 1,527,277 | ||||
5,905,000 | Public Finance Authority, Community School of Davidson Project, 5.00%, 10/1/48 | 5,450,906 | ||||
1,590,000 | Public Finance Authority, Coral Academy Science Las Vegas, Series A, 5.625%, 7/1/44 | 1,592,131 | ||||
370,000 | Public Finance Authority, Coral Academy Science Reno, 5.00%, 6/1/29 (144A) | 364,087 |
15Pioneer High Income Municipal Portfolio | 5/31/24
Principal Amount USD ($) | Value | |||||
Wisconsin — (continued) | ||||||
1,710,000 | Public Finance Authority, Coral Academy Science Reno, 5.00%, 6/1/39 (144A) | $ 1,583,272 | ||||
2,660,000 | Public Finance Authority, Coral Academy Science Reno, 5.00%, 6/1/50 (144A) | 2,293,585 | ||||
1,150,000 | Public Finance Authority, Coral Academy Science Reno, Series A, 4.00%, 6/1/61 (144A) | 780,333 | ||||
335,000 | Public Finance Authority, Coral Academy Science Reno, Series A, 5.375%, 6/1/37 (144A) | 321,516 | ||||
900,000 | Public Finance Authority, Coral Academy Science Reno, Series A, 5.875%, 6/1/52 (144A) | 863,010 | ||||
1,565,000 | Public Finance Authority, Coral Academy Science Reno, Series A, 6.00%, 6/1/62 (144A) | 1,495,952 | ||||
9,310,000 | Public Finance Authority, Gardner Webb University, 5.00%, 7/1/31 (144A) | 9,539,305 | ||||
225,000 | Public Finance Authority, Lead Academy Project, Series A, 4.25%, 8/1/26 (144A) | 222,473 | ||||
2,000,000 | Public Finance Authority, Lead Academy Project, Series A, 5.00%, 8/1/36 (144A) | 2,035,280 | ||||
2,500,000 | Public Finance Authority, Lead Academy Project, Series A, 5.125%, 8/1/46 (144A) | 2,524,100 | ||||
230,000 | Public Finance Authority, Quality Education Academy Project, Series A, 5.25%, 7/15/33 (144A) | 225,789 | ||||
690,000 | Public Finance Authority, Quality Education Academy Project, Series A, 6.00%, 7/15/43 (144A) | 692,664 | ||||
640,000 | Public Finance Authority, Quality Education Academy Project, Series A, 6.25%, 7/15/53 (144A) | 637,894 | ||||
1,175,000 | Public Finance Authority, Quality Education Academy Project, Series A, 6.50%, 7/15/63 (144A) | 1,179,782 | ||||
2,000,000 | Public Finance Authority, SearStone CCRC Project, 4.00%, 6/1/41 (144A) | 1,536,200 | ||||
500,000 | Public Finance Authority, SearStone CCRC Project, Series A, 5.00%, 6/1/37 (144A) | 469,310 | ||||
2,500,000 | Public Finance Authority, SearStone CCRC Project, Series A, 5.00%, 6/1/52 (144A) | 2,065,500 | ||||
10,640,000(d)(f)+ | Public Finance Authority, Springshire Pre-Development Project, 12/1/20 (144A) | — | ||||
Total Wisconsin | $39,858,791 | |||||
Total Municipal Bonds (Cost $1,181,928,975) | $1,068,780,934 | |||||
Pioneer High Income Municipal Portfolio | 5/31/2416
Schedule of Investments | 5/31/24
(unaudited) (continued)
Principal Amount USD ($) | Value | |||||
Debtors in Possession Financing — 0.3% of Net Assets# | ||||||
Retirement Housing — 0.3% | ||||||
9,000,000(f)+ | Springshire Retirement LLC - Promissory Note, 9.00%, 12/31/24 | $ 2,970,000 | ||||
196,726(f)+ | The Oaks at Bartlett - Promissory Note, 14.00%, 12/1/24 | 196,726 | ||||
Total Retirement Housing | $3,166,726 | |||||
TOTAL DEBTORS IN POSSESSION FINANCING (Cost $9,196,726) | $3,166,726 | |||||
U.S. Government and Agency Obligations — 0.5% of Net Assets | ||||||
5,000,000(d) | U.S. Treasury Bills, 7/2/24 | $ 4,978,803 | ||||
Total U.S. Government and Agency Obligations (Cost $4,977,297) | $4,978,803 | |||||
TOTAL INVESTMENTS IN UNAFFILIATED ISSUERS — 99.5% (Cost $1,196,102,998) | $1,076,926,463 | |||||
OTHER ASSETS AND LIABILITIES — 0.5% | $5,739,273 | |||||
net assets — 100.0% | $1,082,665,736 | |||||
AGM | Assured Guaranty Municipal Corp. |
BAM | Build America Mutual Assurance Company. |
PSF-GTD | Permanent School Fund Guaranteed. |
TCRS | Transferable Custodial Receipts. |
(144A) | The resale of such security is exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold normally to qualified institutional buyers. At May 31, 2024, the value of these securities amounted to $341,983,768, or 31.6% of net assets. |
(a) | Consists of Revenue Bonds unless otherwise indicated. |
(b) | The interest rate is subject to change periodically. The interest rate and/or reference index and spread shown at May 31, 2024. |
(c) | Securities purchased on a when-issued basis. Rates do not take effect until settlement date. |
(d) | Security issued with a zero coupon. Income is recognized through accretion of discount. |
(e) | Represents a General Obligation Bond. |
(f) | Security is in default. |
+ | Security is valued using significant unobservable inputs (Level 3). |
17Pioneer High Income Municipal Portfolio | 5/31/24
# | Securities are restricted as to resale. |
Restricted Securities | Acquisition date | Cost | Value |
Springshire Retirement LLC - Promissory Note | 12/1/2021 | $9,000,000 | $2,970,000 |
The Oaks at Bartlett - Promissory Note | 2/6/2024 | 196,726 | 196,726 |
Total Restricted Securities | $3,166,726 | ||
% of Net assets | 0.3% |
The concentration of investments as a percentage of total investments by type of obligation/market sector is as follows:
Revenue Bonds: | |
Education Revenue | 24.9% |
Tobacco Revenue | 24.4 |
Health Revenue | 20.4 |
Development Revenue | 11.9 |
Other Revenue | 2.9 |
Facilities Revenue | 1.9 |
Transportation Revenue | 1.9 |
Water Revenue | 1.3 |
Power Revenue | 0.9 |
Pollution Control Revenue | 0.1 |
90.6% | |
General Obligation Bonds: | 9.4% |
100.0% |
Various inputs are used in determining the value of the Portfolio’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). |
Pioneer High Income Municipal Portfolio | 5/31/2418
Schedule of Investments | 5/31/24
(unaudited) (continued)
The following is a summary of the inputs used as of May 31, 2024 in valuing the Portfolio’s investments:
Level 1 | Level 2 | Level 3 | Total | |
Municipal Bonds | $— | $1,068,780,934 | $—* | $1,068,780,934 |
Debtors in Possession Financing | — | — | 3,166,726 | 3,166,726 |
U.S. Government and Agency Obligations | — | 4,978,803 | — | 4,978,803 |
Total Investments in Securities | $— | $1,073,759,737 | $3,166,726 | $1,076,926,463 |
* | Securities valued at $0. |
Transfers are calculated on the beginning of period values. During the period ended May 31, 2024, a security valued at $1,064,000 was transferred from Level 2 to Level 3, due to valuing the security using unobservable inputs. There were no other transfers in or out of Level 3 during the period.
19Pioneer High Income Municipal Portfolio | 5/31/24