Pioneer Variable Contracts Trust
Pioneer Fund
VCT Portfolio
Class I and II Shares
Schedule of Investments | March 31, 2023
Pioneer Fund VCT Portfolio | Pioneer Variable Contracts Trust |
Schedule of Investments 3/31/23 (unaudited)
Shares | Value | |||||
UNAFFILIATED ISSUERS — 100.1% | ||||||
Common Stocks — 99.2% of Net Assets | ||||||
Air Freight & Logistics — 2.0% | ||||||
12,188 | United Parcel Service, Inc., Class B | $ 2,364,350 | ||||
Total Air Freight & Logistics | $2,364,350 | |||||
Banks — 8.5% | ||||||
134,454 | Citizens Financial Group, Inc. | $ 4,083,368 | ||||
6,331 | PNC Financial Services Group, Inc. | 804,670 | ||||
147,398 | Truist Financial Corp. | 5,026,272 | ||||
Total Banks | $9,914,310 | |||||
Biotechnology — 3.6% | ||||||
2,920(a) | Regeneron Pharmaceuticals, Inc. | $ 2,399,276 | ||||
5,710(a) | Vertex Pharmaceuticals, Inc. | 1,799,050 | ||||
Total Biotechnology | $4,198,326 | |||||
Broadline Retail — 2.6% | ||||||
28,945(a) | Amazon.com, Inc. | $ 2,989,729 | ||||
Total Broadline Retail | $2,989,729 | |||||
Capital Markets — 4.6% | ||||||
16,582 | CME Group, Inc. | $ 3,175,785 | ||||
3,908 | MSCI, Inc. | 2,187,268 | ||||
Total Capital Markets | $5,363,053 | |||||
Chemicals — 1.3% | ||||||
16,206 | International Flavors & Fragrances, Inc. | $ 1,490,304 | ||||
Total Chemicals | $1,490,304 | |||||
Construction Materials — 3.7% | ||||||
12,212 | Martin Marietta Materials, Inc. | $ 4,335,993 | ||||
Total Construction Materials | $4,335,993 | |||||
Consumer Staples Distribution & Retail — 3.1% | ||||||
7,262 | Costco Wholesale Corp. | $ 3,608,270 | ||||
Total Consumer Staples Distribution & Retail | $3,608,270 | |||||
Electrical Equipment — 1.8% | ||||||
7,350 | Rockwell Automation, Inc. | $ 2,156,857 | ||||
Total Electrical Equipment | $2,156,857 | |||||
Energy Equipment & Services — 0.2% | ||||||
4,272 | Schlumberger, NV | $ 209,755 | ||||
Total Energy Equipment & Services | $209,755 | |||||
Entertainment — 4.5% | ||||||
26,847 | Electronic Arts, Inc. | $ 3,233,721 | ||||
28,974(a) | Live Nation Entertainment, Inc. | 2,028,180 | ||||
Total Entertainment | $5,261,901 | |||||
Financial Services — 1.4% | ||||||
7,310 | Visa, Inc., Class A | $ 1,648,113 | ||||
Total Financial Services | $1,648,113 | |||||
Ground Transportation — 0.8% | ||||||
4,846 | Union Pacific Corp. | $ 975,306 | ||||
Total Ground Transportation | $975,306 |
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Pioneer Fund VCT Portfolio | Pioneer Variable Contracts Trust |
Shares | Value | |||||
Health Care Equipment & Supplies — 1.2% | ||||||
17,292 | Medtronic Plc | $ 1,394,081 | ||||
Total Health Care Equipment & Supplies | $1,394,081 | |||||
Health Care Providers & Services — 0.2% | ||||||
481 | UnitedHealth Group, Inc. | $ 227,316 | ||||
Total Health Care Providers & Services | $227,316 | |||||
Hotels, Restaurants & Leisure — 1.4% | ||||||
21,004(a) | Planet Fitness, Inc., Class A | $ 1,631,381 | ||||
Total Hotels, Restaurants & Leisure | $1,631,381 | |||||
Interactive Media & Services — 3.5% | ||||||
39,924(a) | Alphabet, Inc., Class A | $ 4,141,316 | ||||
Total Interactive Media & Services | $4,141,316 | |||||
IT Services — 1.6% | ||||||
24,413(a) | Akamai Technologies, Inc. | $ 1,911,538 | ||||
Total IT Services | $1,911,538 | |||||
Life Sciences Tools & Services — 3.2% | ||||||
8,387 | Danaher Corp. | $ 2,113,860 | ||||
2,931 | Thermo Fisher Scientific, Inc. | 1,689,340 | ||||
Total Life Sciences Tools & Services | $3,803,200 | |||||
Machinery — 3.0% | ||||||
15,503 | Caterpillar, Inc. | $ 3,547,707 | ||||
Total Machinery | $3,547,707 | |||||
Metals & Mining — 3.7% | ||||||
19,719 | BHP Group, Ltd. (A.D.R.) | $ 1,250,382 | ||||
76,738 | Freeport-McMoRan, Inc. | 3,139,351 | ||||
Total Metals & Mining | $4,389,733 | |||||
Oil, Gas & Consumable Fuels — 4.8% | ||||||
7,526 | Chevron Corp. | $ 1,227,942 | ||||
38,797 | EOG Resources, Inc. | 4,447,300 | ||||
Total Oil, Gas & Consumable Fuels | $5,675,242 | |||||
Personal Care Products — 2.0% | ||||||
9,331 | Estee Lauder Cos., Inc., Class A | $ 2,299,718 | ||||
Total Personal Care Products | $2,299,718 | |||||
Pharmaceuticals — 4.1% | ||||||
114,478(a) | Elanco Animal Health, Inc. | $ 1,076,093 | ||||
10,830 | Eli Lilly & Co. | 3,719,239 | ||||
Total Pharmaceuticals | $4,795,332 | |||||
Semiconductors & Semiconductor Equipment — 13.0% | ||||||
23,709(a) | Advanced Micro Devices, Inc. | $ 2,323,719 | ||||
20,911 | Analog Devices, Inc. | 4,124,067 | ||||
9,487 | KLA Corp. | 3,786,926 | ||||
3,866 | Lam Research Corp. | 2,049,444 | ||||
10,839 | NVIDIA Corp. | 3,010,749 | ||||
Total Semiconductors & Semiconductor Equipment | $15,294,905 |
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Pioneer Fund VCT Portfolio | Pioneer Variable Contracts Trust |
Schedule of Investments 3/31/23 (unaudited) (continued)
Shares | Value | |||||
Software — 8.2% | ||||||
8,264(a) | Adobe, Inc. | $ 3,184,697 | ||||
22,509 | Microsoft Corp. | 6,489,345 | ||||
Total Software | $9,674,042 | |||||
Specialty Retail — 2.5% | ||||||
9,800 | Home Depot, Inc. | $ 2,892,176 | ||||
Total Specialty Retail | $2,892,176 | |||||
Technology Hardware, Storage & Peripherals — 6.2% | ||||||
44,003 | Apple, Inc. | $ 7,256,095 | ||||
Total Technology Hardware, Storage & Peripherals | $7,256,095 | |||||
Textiles, Apparel & Luxury Goods — 2.5% | ||||||
23,670 | NIKE, Inc., Class B | $ 2,902,889 | ||||
Total Textiles, Apparel & Luxury Goods | $2,902,889 | |||||
Total Common Stocks (Cost $89,648,189) | $116,352,938 | |||||
SHORT TERM INVESTMENTS — 0.9% of Net Assets | ||||||
Open-End Fund — 0.9% | ||||||
1,101,606(b) | Dreyfus Government Cash Management, Institutional Shares, 4.71% | $ 1,101,606 | ||||
$1,101,606 | ||||||
TOTAL SHORT TERM INVESTMENTS (Cost $1,101,606) | $1,101,606 | |||||
TOTAL INVESTMENTS IN UNAFFILIATED ISSUERS — 100.1% (Cost $90,749,795) | $117,454,544 | |||||
OTHER ASSETS AND LIABILITIES — (0.1)% | $(113,259) | |||||
net assets — 100.0% | $117,341,285 | |||||
(A.D.R.) | American Depositary Receipts. |
(a) | Non-income producing security. |
(b) | Rate periodically changes. Rate disclosed is the 7-day yield at March 31, 2023. |
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). |
The following is a summary of the inputs used as of March 31, 2023, in valuing the Portfolio's investments:
Level 1 | Level 2 | Level 3 | Total | |
Common Stocks | $116,352,938 | $— | $— | $116,352,938 |
Open-End Fund | 1,101,606 | — | — | 1,101,606 |
Total Investments in Securities | $117,454,544 | $— | $— | $117,454,544 |
During the period ended March 31, 2023, there were no transfers in or out of Level 3.
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