Pioneer Variable Contracts Trust
Pioneer Equity Income
VCT Portfolio
Class I and II Shares
Schedule of Investments | September 30, 2023
Pioneer Equity Income VCT Portfolio | Pioneer Variable Contracts Trust |
Schedule of Investments 9/30/23 (unaudited)
Shares | Value | |||||
UNAFFILIATED ISSUERS — 99.9% | ||||||
Common Stocks — 99.4% of Net Assets | ||||||
Air Freight & Logistics — 2.5% | ||||||
4,682 | CH Robinson Worldwide, Inc. | $ 403,261 | ||||
9,728 | United Parcel Service, Inc., Class B | 1,516,303 | ||||
Total Air Freight & Logistics | $1,919,564 | |||||
Automobile Components — 1.6% | ||||||
13,122 | Autoliv, Inc. | $ 1,266,010 | ||||
Total Automobile Components | $1,266,010 | |||||
Automobiles — 1.1% | ||||||
24,678 | Honda Motor Co., Ltd. (A.D.R.) | $ 830,168 | ||||
Total Automobiles | $830,168 | |||||
Banks — 8.5% | ||||||
65,583 | Bank of America Corp. | $ 1,795,662 | ||||
14,683 | JPMorgan Chase & Co. | 2,129,329 | ||||
6,728 | PNC Financial Services Group, Inc. | 825,997 | ||||
43,428 | Wells Fargo & Co. | 1,774,468 | ||||
Total Banks | $6,525,456 | |||||
Broadline Retail — 1.4% | ||||||
24,801 | eBay, Inc. | $ 1,093,476 | ||||
Total Broadline Retail | $1,093,476 | |||||
Capital Markets — 8.8% | ||||||
4,797 | CME Group, Inc. | $ 960,456 | ||||
14,993 | Morgan Stanley | 1,224,478 | ||||
14,440 | Northern Trust Corp. | 1,003,291 | ||||
12,960 | Raymond James Financial, Inc. | 1,301,573 | ||||
25,351 | State Street Corp. | 1,697,503 | ||||
5,346 | T Rowe Price Group, Inc. | 560,635 | ||||
Total Capital Markets | $6,747,936 | |||||
Chemicals — 2.0% | ||||||
3,003 | Air Products and Chemicals, Inc. | $ 851,050 | ||||
12,876 | Corteva, Inc. | 658,736 | ||||
Total Chemicals | $1,509,786 | |||||
Communications Equipment — 1.5% | ||||||
21,734 | Cisco Systems, Inc. | $ 1,168,420 | ||||
Total Communications Equipment | $1,168,420 | |||||
Consumer Staples Distribution & Retail — 2.3% | ||||||
8,096 | Target Corp. | $ 895,174 | ||||
5,461 | Walmart, Inc. | 873,378 | ||||
Total Consumer Staples Distribution & Retail | $1,768,552 | |||||
Electric Utilities — 1.2% | ||||||
15,818 | Xcel Energy, Inc. | $ 905,106 | ||||
Total Electric Utilities | $905,106 | |||||
Electrical Equipment — 0.8% | ||||||
2,744 | Eaton Corp. Plc | $ 585,240 | ||||
Total Electrical Equipment | $585,240 |
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Pioneer Equity Income VCT Portfolio | Pioneer Variable Contracts Trust |
Shares | Value | |||||
Electronic Equipment, Instruments & Components — 1.2% | ||||||
4,588 | CDW Corp. | $ 925,675 | ||||
Total Electronic Equipment, Instruments & Components | $925,675 | |||||
Entertainment — 1.8% | ||||||
16,713(a) | Walt Disney Co. | $ 1,354,589 | ||||
Total Entertainment | $1,354,589 | |||||
Food Products — 4.9% | ||||||
24,852 | Campbell Soup Co. | $ 1,020,920 | ||||
5,307 | John B Sanfilippo & Son, Inc. | 524,332 | ||||
12,330 | McCormick & Co., Inc., Non-Voting Shares | 932,641 | ||||
19,230 | Mondelez International, Inc., Class A | 1,334,562 | ||||
Total Food Products | $3,812,455 | |||||
Ground Transportation — 0.8% | ||||||
2,657 | Canadian National Railway Co. | $ 287,833 | ||||
1,556 | Union Pacific Corp. | 316,848 | ||||
Total Ground Transportation | $604,681 | |||||
Health Care Equipment & Supplies — 5.4% | ||||||
5,403 | Becton Dickinson & Co. | $ 1,396,838 | ||||
18,271 | Medtronic Plc | 1,431,715 | ||||
4,952 | Stryker Corp. | 1,353,233 | ||||
Total Health Care Equipment & Supplies | $4,181,786 | |||||
Health Care Providers & Services — 2.8% | ||||||
9,606 | Cardinal Health, Inc. | $ 833,993 | ||||
3,600 | Cencora, Inc. | 647,892 | ||||
1,388 | Humana, Inc. | 675,290 | ||||
Total Health Care Providers & Services | $2,157,175 | |||||
Household Products — 1.3% | ||||||
13,660 | Colgate-Palmolive Co. | $ 971,363 | ||||
Total Household Products | $971,363 | |||||
Industrial REITs — 1.2% | ||||||
8,173 | Prologis, Inc. | $ 917,092 | ||||
Total Industrial REITs | $917,092 | |||||
Insurance — 3.6% | ||||||
15,846 | American International Group, Inc. | $ 960,268 | ||||
37,605 | Sun Life Financial, Inc. | 1,835,124 | ||||
Total Insurance | $2,795,392 | |||||
IT Services — 1.8% | ||||||
9,922 | International Business Machines Corp. | $ 1,392,057 | ||||
Total IT Services | $1,392,057 | |||||
Machinery — 6.0% | ||||||
3,812 | Deere & Co. | $ 1,438,573 | ||||
50,057 | Gorman-Rupp Co. | 1,646,875 | ||||
7,949 | Oshkosh Corp. | 758,573 | ||||
10,585 | Timken Co. | 777,892 | ||||
Total Machinery | $4,621,913 | |||||
Media — 4.2% | ||||||
18,902 | Comcast Corp., Class A | $ 838,115 |
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Pioneer Equity Income VCT Portfolio | Pioneer Variable Contracts Trust |
Schedule of Investments 9/30/23 (unaudited) (continued)
Shares | Value | |||||
Media — (continued) | ||||||
22,926 | Fox Corp., Class A | $ 715,291 | ||||
31,607 | Interpublic Group of Cos., Inc. | 905,856 | ||||
10,527 | Omnicom Group, Inc. | 784,051 | ||||
Total Media | $3,243,313 | |||||
Metals & Mining — 2.8% | ||||||
11,873 | Materion Corp. | $ 1,209,978 | ||||
3,632 | Reliance Steel & Aluminum Co. | 952,419 | ||||
Total Metals & Mining | $2,162,397 | |||||
Multi-Utilities — 1.1% | ||||||
16,622 | CMS Energy Corp. | $ 882,794 | ||||
Total Multi-Utilities | $882,794 | |||||
Office REITs — 0.8% | ||||||
6,275 | Alexandria Real Estate Equities, Inc. | $ 628,127 | ||||
Total Office REITs | $628,127 | |||||
Oil, Gas & Consumable Fuels — 10.0% | ||||||
9,450 | Chevron Corp. | $ 1,593,459 | ||||
48,501 | Coterra Energy, Inc. | 1,311,952 | ||||
26,798 | Exxon Mobil Corp. | 3,150,909 | ||||
4,210 | Phillips 66 | 505,831 | ||||
17,831 | Shell Plc (A.D.R.) | 1,147,960 | ||||
Total Oil, Gas & Consumable Fuels | $7,710,111 | |||||
Personal Care Products — 0.8% | ||||||
30,833 | Kenvue, Inc. | $ 619,127 | ||||
Total Personal Care Products | $619,127 | |||||
Pharmaceuticals — 5.8% | ||||||
10,509 | Johnson & Johnson | $ 1,636,777 | ||||
8,463 | Merck & Co., Inc. | 871,266 | ||||
5,218 | Novo Nordisk AS (A.D.R.) | 474,525 | ||||
16,321 | Pfizer, Inc. | 541,367 | ||||
17,247 | Sanofi (A.D.R.) | 925,129 | ||||
Total Pharmaceuticals | $4,449,064 | |||||
Residential REITs — 1.0% | ||||||
8,129 | Camden Property Trust | $ 768,841 | ||||
Total Residential REITs | $768,841 | |||||
Semiconductors & Semiconductor Equipment — 3.1% | ||||||
6,387 | Analog Devices, Inc. | $ 1,118,300 | ||||
16,665 | Microchip Technology, Inc. | 1,300,703 | ||||
Total Semiconductors & Semiconductor Equipment | $2,419,003 | |||||
Software — 1.6% | ||||||
3,863 | Microsoft Corp. | $ 1,219,742 | ||||
Total Software | $1,219,742 | |||||
Specialized REITs — 1.0% | ||||||
6,596 | Digital Realty Trust, Inc. | $ 798,248 | ||||
Total Specialized REITs | $798,248 |
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Pioneer Equity Income VCT Portfolio | Pioneer Variable Contracts Trust |
Shares | Value | |||||
Specialty Retail — 3.1% | ||||||
4,532 | Lowe's Cos., Inc. | $ 941,931 | ||||
16,059 | TJX Cos., Inc. | 1,427,324 | ||||
Total Specialty Retail | $2,369,255 | |||||
Textiles, Apparel & Luxury Goods — 0.6% | ||||||
3,793 | Ralph Lauren Corp. | $ 440,329 | ||||
Total Textiles, Apparel & Luxury Goods | $440,329 | |||||
Trading Companies & Distributors — 1.0% | ||||||
4,872 | Ferguson Plc | $ 801,298 | ||||
Total Trading Companies & Distributors | $801,298 | |||||
Total Common Stocks (Cost $63,455,301) | $76,565,541 | |||||
SHORT TERM INVESTMENTS — 0.5% of Net Assets | ||||||
Open-End Fund — 0.5% | ||||||
417,804(b) | Dreyfus Government Cash Management, Institutional Shares, 5.22% | $ 417,804 | ||||
$417,804 | ||||||
TOTAL SHORT TERM INVESTMENTS (Cost $417,804) | $417,804 | |||||
TOTAL INVESTMENTS IN UNAFFILIATED ISSUERS — 99.9% (Cost $63,873,105) | $76,983,345 | |||||
OTHER ASSETS AND LIABILITIES — 0.1% | $74,752 | |||||
net assets — 100.0% | $77,058,097 | |||||
(A.D.R.) | American Depositary Receipts. |
REIT | Real Estate Investment Trust. |
(a) | Non-income producing security. |
(b) | Rate periodically changes. Rate disclosed is the 7-day yield at September 30, 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 September 30, 2023, in valuing the Portfolio's investments:
Level 1 | Level 2 | Level 3 | Total | |
Common Stocks | $76,565,541 | $— | $— | $76,565,541 |
Open-End Fund | 417,804 | — | — | 417,804 |
Total Investments in Securities | $76,983,345 | $— | $— | $76,983,345 |
During the period ended September 30, 2023, there were no transfers in or out of Level 3.
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