Pioneer Variable Contracts Trust
Pioneer Bond
VCT Portfolio
Class I and II Shares
Schedule of Investments | March 31, 2024
Pioneer Bond VCT Portfolio | Pioneer Variable Contracts Trust |
Schedule of Investments 3/31/24 (unaudited)
Principal Amount USD ($) | Value | |||||
UNAFFILIATED ISSUERS — 108.0% | ||||||
Senior Secured Floating Rate Loan Interests — 0.3% of Net Assets*(a) | ||||||
Building & Construction Products — 0.0%† | ||||||
25,000(b) | MIWD Holdco II LLC, Term Loan, 3/20/31 | $ 25,148 | ||||
Total Building & Construction Products | $25,148 | |||||
Chemicals-Diversified — 0.0%† | ||||||
44,100 | LSF11 A5 HoldCo LLC, Term Loan, 8.942% (Term SOFR + 350 bps), 10/15/28 | $ 44,169 | ||||
Total Chemicals-Diversified | $44,169 | |||||
Chemicals-Specialty — 0.1% | ||||||
62,715 | Mativ Holdings, Inc., Term B Loan, 9.195% (Term SOFR + 375 bps), 4/20/28 | $ 62,793 | ||||
Total Chemicals-Specialty | $62,793 | |||||
Electric-Generation — 0.0%† | ||||||
58,702 | Generation Bridge Northeast LLC, Term Loan B, 8.826% (Term SOFR + 350 bps), 8/22/29 | $ 58,996 | ||||
Total Electric-Generation | $58,996 | |||||
Electronic Composition — 0.0%† | ||||||
10,960 | Energy Acquisition LP, First Lien Initial Term Loan, 9.677% (Term SOFR + 425 bps), 6/26/25 | $ 10,951 | ||||
Total Electronic Composition | $10,951 | |||||
Finance-Leasing Company — 0.1% | ||||||
60,659 | Avolon TLB Borrower 1 (US) LLC, Term B-4 Loan, 6.929% (Term SOFR + 150 bps), 2/12/27 | $ 60,731 | ||||
Total Finance-Leasing Company | $60,731 | |||||
Medical-Wholesale Drug Distribution — 0.1% | ||||||
60,142 | Owens & Minor, Inc., Term B-1 Loan, 9.18% (Term SOFR + 375 bps), 3/29/29 | $ 60,480 | ||||
Total Medical-Wholesale Drug Distribution | $60,480 | |||||
Metal Processors & Fabrication — 0.0%† | ||||||
53,488 | Grinding Media, Inc. (Molycop, Ltd.), First Lien Initial Term Loan, 9.591% (Term SOFR + 400 bps), 10/12/28 | $ 53,354 | ||||
Total Metal Processors & Fabrication | $53,354 | |||||
Total Senior Secured Floating Rate Loan Interests (Cost $373,593) | $376,622 | |||||
Asset Backed Securities — 7.3% of Net Assets | ||||||
249,491(a) | ACREC, Ltd., Series 2021-FL1, Class A, 6.591% (1 Month Term SOFR + 126 bps), 10/16/36 (144A) | $ 247,990 | ||||
300,000 | Amur Equipment Finance Receivables XI LLC, Series 2022-2A, Class D, 7.25%, 5/21/29 (144A) | 304,691 | ||||
100,000 | Amur Equipment Finance Receivables XII LLC, Series 2023-1A, Class C, 6.36%, 12/20/29 (144A) | 101,906 | ||||
250,000(a) | Arbor Realty Commercial Real Estate Notes, Ltd., Series 2021-FL3, Class C, 7.29% (1 Month Term SOFR + 196 bps), 8/15/34 (144A) | 240,062 | ||||
265,000(a) | Arbor Realty Commercial Real Estate Notes, Ltd., Series 2022-FL1, Class C, 7.619% (SOFR30A + 230 bps), 1/15/37 (144A) | 260,284 | ||||
350,000(a) | Arbor Realty Commercial Real Estate Notes, Ltd., Series 2022-FL2, Class C, 8.775% (1 Month Term SOFR + 345 bps), 5/15/37 (144A) | 340,913 | ||||
125,000 | Avis Budget Rental Car Funding AESOP LLC, Series 2022-5A, Class C, 6.24%, 4/20/27 (144A) | 124,864 | ||||
186,758 | Blackbird Capital II Aircraft Lease, Ltd., Series 2021-1A, Class A, 2.443%, 7/15/46 (144A) | 164,358 | ||||
170,000(a) | BSPRT Issuer, Ltd., Series 2022-FL8, Class C, 7.619% (SOFR30A + 230 bps), 2/15/37 (144A) | 164,075 | ||||
250,000(a) | Carlyle US CLO, Ltd., Series 2019-4A, Class CR, 8.514% (3 Month Term SOFR + 320 bps), 4/15/35 (144A) | 241,383 | ||||
200,000 | Cascade MH Asset Trust, Series 2021-MH1, Class M1, 2.992%, 2/25/46 (144A) | 150,029 | ||||
100,000 | Cascade MH Asset Trust, Series 2021-MH1, Class M2, 3.693%, 2/25/46 (144A) | 78,277 | ||||
125,000(c) | CFMT LLC, Series 2022-HB9, Class M3, 3.25%, 9/25/37 (144A) | 105,439 |
1
Pioneer Bond VCT Portfolio | Pioneer Variable Contracts Trust |
Principal Amount USD ($) | Value | |||||
Asset Backed Securities — (continued) | ||||||
200,000 | Commercial Equipment Finance LLC, Series 2021-A, Class C, 3.55%, 12/15/28 (144A) | $ 192,632 | ||||
375,000 | Continental Finance Credit Card ABS Master Trust, Series 2022-A, Class A, 6.19%, 10/15/30 (144A) | 369,977 | ||||
121,087 | CoreVest American Finance Trust, Series 2020-3, Class A, 1.358%, 8/15/53 (144A) | 113,216 | ||||
100,000 | DataBank Issuer, Series 2021-1A, Class B, 2.65%, 2/27/51 (144A) | 89,623 | ||||
330,000 | DataBank Issuer, Series 2024-1A, Class A2, 5.30%, 1/26/54 (144A) | 310,433 | ||||
288,000 | Domino's Pizza Master Issuer LLC, Series 2019-1A, Class A2, 3.668%, 10/25/49 (144A) | 264,877 | ||||
29,577 | Drive Auto Receivables Trust, Series 2020-2, Class D, 3.05%, 5/15/28 | 29,374 | ||||
15,145(d) | Equifirst Mortgage Loan Trust, Series 2003-1, Class IF1, 4.01%, 12/25/32 | 13,894 | ||||
300,000 | Exeter Automobile Receivables Trust, Series 2023-5A, Class D, 7.13%, 2/15/30 | 309,935 | ||||
400,000(c) | Finance of America HECM Buyout, Series 2022-HB1, Class M3, 5.084%, 2/25/32 (144A) | 365,969 | ||||
331,314(d) | Finance of America Structured Securities Trust, Series 2022-S1, Class A1, 2.00%, 2/25/52 (144A) | 312,734 | ||||
314,068(d) | Finance of America Structured Securities Trust, Series 2022-S1, Class A2, 3.00%, 2/25/52 (144A) | 287,962 | ||||
250,000 | Foundation Finance Trust, Series 2019-1A, Class B, 4.22%, 11/15/34 (144A) | 243,685 | ||||
140,000 | GLS Auto Receivables Issuer Trust, Series 2023-4A, Class D, 7.18%, 8/15/29 (144A) | 144,529 | ||||
250,000(a) | Goldentree Loan Management US CLO 6, Ltd., Series 2019-6A, Class DR, 8.418% (3 Month Term SOFR + 310 bps), 4/20/35 (144A) | 247,779 | ||||
125,000(a) | HGI CRE CLO, Ltd., Series 2021-FL2, Class C, 7.241% (1 Month Term SOFR + 191 bps), 9/17/36 (144A) | 120,300 | ||||
195,000 | HOA Funding LLC - HOA, Series 2021-1A, Class A2, 4.723%, 8/20/51 (144A) | 151,823 | ||||
78,024 | Home Partners of America Trust, Series 2019-1, Class D, 3.406%, 9/17/39 (144A) | 70,374 | ||||
100,000 | HPEFS Equipment Trust, Series 2023-2A, Class D, 6.97%, 7/21/31 (144A) | 101,758 | ||||
178,642 | JG Wentworth XLIII LLC, Series 2019-1A, Class A, 3.82%, 8/17/71 (144A) | 158,884 | ||||
6,777 | JG Wentworth XXII LLC, Series 2010-3A, Class A, 3.82%, 12/15/48 (144A) | 6,769 | ||||
163,335 | Libra Solutions LLC, Series 2022-2A, Class B, 8.85%, 10/15/34 (144A) | 163,008 | ||||
69,448 | Mosaic Solar Loan Trust, Series 2019-2A, Class A, 2.88%, 9/20/40 (144A) | 61,802 | ||||
37,261 | MVW LLC, Series 2020-1A, Class C, 4.21%, 10/20/37 (144A) | 35,819 | ||||
200,000 | Nelnet Student Loan Trust, Series 2021-A, Class B1, 2.85%, 4/20/62 (144A) | 165,585 | ||||
100,000 | NMEF Funding LLC, Series 2021-A, Class C, 2.58%, 12/15/27 (144A) | 98,010 | ||||
250,000(a) | Palmer Square Loan Funding, Ltd., Series 2022-1A, Class C, 7.917% (3 Month Term SOFR + 260 bps), 4/15/30 (144A) | 246,550 | ||||
228,296(a) | ReadyCap Lending Small Business Loan Trust, Series 2023-3, Class A, 8.57% (PRIME + 7 bps), 4/25/48 (144A) | 231,558 | ||||
280,000 | Republic Finance Issuance Trust, Series 2021-A, Class A, 2.30%, 12/22/31 (144A) | 267,583 | ||||
100,000 | Republic Finance Issuance Trust, Series 2021-A, Class C, 3.53%, 12/22/31 (144A) | 91,717 | ||||
125,000(c) | Saluda Grade Alternative Mortgage Trust, Series 2022-SEQ2, Class A3, 4.50%, 2/25/52 (144A) | 119,065 | ||||
235,000(d) | SBA Tower Trust, Series 2014-2A, Class C, 3.869%, 10/15/49 (144A) | 232,204 | ||||
175,982 | SCF Equipment Leasing LLC, Series 2019-2A, Class C, 3.11%, 6/21/27 (144A) | 174,762 | ||||
250,000(a) | Sound Point CLO XXVIII, Ltd., Series 2020-3A, Class D, 9.236% (3 Month Term SOFR + 391 bps), 1/25/32 (144A) | 244,687 | ||||
107,211 | SpringCastle America Funding LLC, Series 2020-AA, Class A, 1.97%, 9/25/37 (144A) | 99,470 | ||||
350,000(a) | STWD, Ltd., Series 2022-FL3, Class B, 7.269% (SOFR30A + 195 bps), 11/15/38 (144A) | 334,815 | ||||
200,000 | Switch ABS Issuer LLC, Series 2024-1A, Class A2, 6.28%, 3/25/54 (144A) | 197,739 | ||||
180,000 | Tricon American Homes Trust, Series 2020-SFR2, Class E1, 2.73%, 11/17/39 (144A) | 159,632 | ||||
100,000 | VFI ABS LLC, Series 2023-1A, Class C, 9.26%, 12/24/29 (144A) | 101,141 | ||||
41,006 | Welk Resorts LLC, Series 2019-AA, Class D, 4.03%, 6/15/38 (144A) | 39,013 | ||||
220,355 | Westgate Resorts LLC, Series 2022-1A, Class C, 2.488%, 8/20/36 (144A) | 210,122 | ||||
Total Asset Backed Securities (Cost $10,138,367) | $9,705,080 | |||||
Collateralized Mortgage Obligations—7.5% of Net Assets | ||||||
122,301(c) | Ajax Mortgage Loan Trust, Series 2021-A, Class A1, 1.065%, 9/25/65 (144A) | $ 106,460 | ||||
450,000(c) | BINOM Securitization Trust, Series 2022-RPL1, Class M2, 3.00%, 2/25/61 (144A) | 333,199 |
2
Pioneer Bond VCT Portfolio | Pioneer Variable Contracts Trust |
Schedule of Investments 3/31/24 (unaudited) (continued)
Principal Amount USD ($) | Value | |||||
Collateralized Mortgage Obligations—(continued) | ||||||
100,000(c) | Bunker Hill Loan Depositary Trust, Series 2020-1, Class A3, 3.253%, 2/25/55 (144A) | $ 88,047 | ||||
180,000(c) | CIM Trust, Series 2020-R2, Class M3, 3.00%, 10/25/59 (144A) | 135,855 | ||||
230,494(c) | CIM Trust, Series 2021-J1, Class B1, 2.66%, 3/25/51 (144A) | 183,740 | ||||
400,000(c) | Citigroup Mortgage Loan Trust, Series 2018-RP3, Class M3, 3.25%, 3/25/61 (144A) | 331,328 | ||||
92,851(c) | Citigroup Mortgage Loan Trust, Series 2021-INV1, Class B1W, 2.708%, 5/25/51 (144A) | 74,025 | ||||
9,561(a) | Connecticut Avenue Securities Trust, Series 2019-R01, Class 2M2, 7.885% (SOFR30A + 256 bps), 7/25/31 (144A) | 9,584 | ||||
22,969(a) | Connecticut Avenue Securities Trust, Series 2020-R02, Class 2M2, 7.435% (SOFR30A + 211 bps), 1/25/40 (144A) | 23,213 | ||||
85,000(a) | Connecticut Avenue Securities Trust, Series 2022-R02, Class 2M2, 8.32% (SOFR30A + 300 bps), 1/25/42 (144A) | 87,340 | ||||
200,000(c) | CSMC Trust, Series 2021-RPL2, Class M1, 2.75%, 1/25/60 (144A) | 148,596 | ||||
150,000(c) | CSMC Trust, Series 2021-RPL2, Class M2, 3.25%, 1/25/60 (144A) | 110,775 | ||||
200,000(a) | Eagle Re, Ltd., Series 2023-1, Class M1B, 9.27% (SOFR30A + 395 bps), 9/26/33 (144A) | 206,629 | ||||
12,097 | Federal Home Loan Mortgage Corp. REMICs, Series 2944, Class OH, 5.50%, 3/15/35 | 12,232 | ||||
167,511(a)(e) | Federal Home Loan Mortgage Corp. REMICs, Series 4091, Class SH, 1.117% (SOFR30A + 644 bps), 8/15/42 | 19,987 | ||||
78,684(e) | Federal Home Loan Mortgage Corp. REMICs, Series 4999, Class QI, 4.00%, 5/25/50 | 16,245 | ||||
103,553(e) | Federal Home Loan Mortgage Corp. REMICs, Series 5067, Class GI, 4.00%, 12/25/50 | 21,157 | ||||
339 | Federal National Mortgage Association REMICs, Series 2009-36, Class HX, 4.50%, 6/25/29 | 336 | ||||
550,000 | Federal National Mortgage Association REMICs, Series 2013-61, Class BY, 3.00%, 6/25/43 | 441,034 | ||||
70,085(e) | Federal National Mortgage Association REMICs, Series 2020-83, Class EI, 4.00%, 11/25/50 | 14,486 | ||||
404,230(e) | Government National Mortgage Association, Series 2019-159, Class CI, 3.50%, 12/20/49 | 69,278 | ||||
365,099(a)(e) | Government National Mortgage Association, Series 2020-9, Class SA, 0.01% (1 Month Term SOFR + 324 bps), 1/20/50 | 5,970 | ||||
165,000(c) | GS Mortgage-Backed Securities Corp. Trust, Series 2022-PJ4, Class A33, 3.00%, 9/25/52 (144A) | 110,631 | ||||
65,564(c) | GS Mortgage-Backed Securities Trust, Series 2020-NQM1, Class A3, 2.352%, 9/27/60 (144A) | 61,141 | ||||
317,284(c) | GS Mortgage-Backed Securities Trust, Series 2022-PJ1, Class A4, 2.50%, 5/28/52 (144A) | 251,423 | ||||
68,968(a) | Home Re, Ltd., Series 2019-1, Class M1, 7.085% (SOFR30A + 176 bps), 5/25/29 (144A) | 68,981 | ||||
130,000(c) | Homeward Opportunities Fund I Trust, Series 2020-2, Class A3, 3.196%, 5/25/65 (144A) | 123,379 | ||||
100,000(c) | Homeward Opportunities Fund I Trust, Series 2020-2, Class M1, 3.897%, 5/25/65 (144A) | 92,878 | ||||
161,341(c) | Hundred Acre Wood Trust, Series 2021-INV1, Class B1, 3.225%, 7/25/51 (144A) | 135,631 | ||||
428,104(c) | Hundred Acre Wood Trust, Series 2021-INV3, Class A3, 2.50%, 12/25/51 (144A) | 342,985 | ||||
100,000(c) | Imperial Fund Mortgage Trust, Series 2021-NQM2, Class B1, 3.295%, 9/25/56 (144A) | 69,468 | ||||
100,000(c) | Imperial Fund Mortgage Trust, Series 2021-NQM2, Class M1, 2.489%, 9/25/56 (144A) | 66,612 | ||||
358,377 | IMS Ecuadorian Mortgage Trust, Series 2021-1, Class GA, 3.40%, 8/18/43 (144A) | 329,707 | ||||
233,486(c) | JP Morgan Mortgage Trust, Series 2019-HYB1, Class B3, 4.924%, 10/25/49 (144A) | 220,145 | ||||
142,136(c) | JP Morgan Mortgage Trust, Series 2021-12, Class B1, 3.163%, 2/25/52 (144A) | 116,410 | ||||
127,978(c) | JP Morgan Mortgage Trust, Series 2021-13, Class B1, 3.14%, 4/25/52 (144A) | 104,346 | ||||
102,395(c) | JP Morgan Mortgage Trust, Series 2021-INV1, Class B1, 2.978%, 10/25/51 (144A) | 82,572 | ||||
215,000(c) | JP Morgan Mortgage Trust, Series 2022-4, Class A5, 3.00%, 10/25/52 (144A) | 144,290 | ||||
275,000(c) | JP Morgan Mortgage Trust, Series 2022-LTV1, Class M1, 3.52%, 7/25/52 (144A) | 173,178 | ||||
10,554(a) | La Hipotecaria Panamanian Mortgage Trust, Series 2010-1GA, Class A, 3.00% (Panamanian Mortgage Reference Rate - 300 bps), 9/8/39 (144A) | 10,158 | ||||
415,552(c) | Mello Mortgage Capital Acceptance, Series 2021-INV2, Class A15, 2.50%, 8/25/51 (144A) | 328,773 | ||||
278,956(c) | Mello Mortgage Capital Acceptance, Series 2021-MTG2, Class B1, 2.668%, 6/25/51 (144A) | 220,326 | ||||
191,113(c) | Mello Mortgage Capital Acceptance, Series 2022-INV1, Class B1, 3.32%, 3/25/52 (144A) | 156,507 | ||||
60,196(c) | MFA Trust, Series 2020-NQM1, Class A3, 2.30%, 8/25/49 (144A) | 54,836 | ||||
400,000(c) | Mill City Mortgage Loan Trust, Series 2019-GS2, Class M3, 3.25%, 8/25/59 (144A) | 325,518 | ||||
57,719(c) | New Residential Mortgage Loan Trust, Series 2019-NQM4, Class A1, 2.492%, 9/25/59 (144A) | 53,146 |
3
Pioneer Bond VCT Portfolio | Pioneer Variable Contracts Trust |
Principal Amount USD ($) | Value | |||||
Collateralized Mortgage Obligations—(continued) | ||||||
200,000 | NYMT Loan Trust, Series 2022-CP1, Class M1, 3.215%, 7/25/61 (144A) | $ 164,690 | ||||
67,920(a) | Oaktown Re V, Ltd., Series 2020-2A, Class M2, 10.685% (SOFR30A + 536 bps), 10/25/30 (144A) | 69,048 | ||||
323,439(c) | PRMI Securitization Trust, Series 2021-1, Class B1, 2.478%, 4/25/51 (144A) | 251,026 | ||||
184,925(c) | Provident Funding Mortgage Trust, Series 2021-J1, Class B1, 2.637%, 10/25/51 (144A) | 149,790 | ||||
150,000(a) | Radnor Re, Ltd., Series 2023-1, Class M1A, 8.02% (SOFR30A + 270 bps), 7/25/33 (144A) | 152,074 | ||||
140,589(c) | Rate Mortgage Trust, Series 2021-J3, Class B2, 2.713%, 10/25/51 (144A) | 112,226 | ||||
370,950(c) | RCKT Mortgage Trust, Series 2021-2, Class B1A, 2.563%, 6/25/51 (144A) | 293,595 | ||||
305,156(c) | RCKT Mortgage Trust, Series 2021-3, Class A25, 2.50%, 7/25/51 (144A) | 242,194 | ||||
329,403(c) | RCKT Mortgage Trust, Series 2021-4, Class B1A, 3.007%, 9/25/51 (144A) | 266,895 | ||||
400,000(c) | RCKT Mortgage Trust, Series 2022-3, Class A17, 3.00%, 5/25/52 (144A) | 266,318 | ||||
63,997(c) | RMF Proprietary Issuance Trust, Series 2019-1, Class A, 2.75%, 10/25/63 (144A) | 53,496 | ||||
188,716(c) | RMF Proprietary Issuance Trust, Series 2021-2, Class A, 2.125%, 9/25/61 (144A) | 158,959 | ||||
5,014(c) | Sequoia Mortgage Trust, Series 2018-CH3, Class A1, 4.50%, 8/25/48 (144A) | 4,883 | ||||
150,000(c) | Sequoia Mortgage Trust, Series 2022-1, Class A7, 2.50%, 2/25/52 (144A) | 92,230 | ||||
360,000(a) | STACR Trust, Series 2018-HRP2, Class B1, 9.635% (SOFR30A + 431 bps), 2/25/47 (144A) | 399,429 | ||||
140,000(a) | Towd Point Mortgage Trust, Series 2019-HY1, Class B2, 7.594% (1 Month Term SOFR + 226 bps), 10/25/48 (144A) | 138,588 | ||||
354,090(c) | Towd Point Mortgage Trust, Series 2021-R1, Class A1, 2.918%, 11/30/60 (144A) | 292,573 | ||||
250,000(a) | Triangle Re, Ltd., Series 2023-1, Class M1A, 8.72% (SOFR30A + 340 bps), 11/25/33 (144A) | 255,162 | ||||
166,884(c) | UWM Mortgage Trust, Series 2021-INV5, Class B1, 3.235%, 1/25/52 (144A) | 136,479 | ||||
95,329(c) | Visio Trust, Series 2019-2, Class A1, 2.722%, 11/25/54 (144A) | 90,519 | ||||
100,000(c) | Wells Fargo Mortgage Backed Securities Trust, Series 2022-2, Class A5, 3.00%, 12/25/51 (144A) | 66,454 | ||||
345,000(c) | Wells Fargo Mortgage Backed Securities Trust, Series 2022-2, Class A6, 2.50%, 12/25/51 (144A) | 210,421 | ||||
Total Collateralized Mortgage Obligations (Cost $11,978,485) | $9,949,606 | |||||
Commercial Mortgage-Backed Securities—4.1% of Net Assets | ||||||
150,000(a) | AREIT Trust, Series 2022-CRE6, Class D, 8.169% (SOFR30A + 285 bps), 1/20/37 (144A) | $ 140,503 | ||||
123,944(d)(e)+ | Bayview Commercial Asset Trust, Series 2007-2A, Class IO, 0.01%, 7/25/37 (144A) | — | ||||
250,000 | Benchmark Mortgage Trust, Series 2018-B8, Class A4, 3.963%, 1/15/52 | 238,047 | ||||
200,000(c) | Benchmark Mortgage Trust, Series 2020-IG3, Class B, 3.291%, 9/15/48 (144A) | 111,559 | ||||
100,000(c) | Benchmark Mortgage Trust, Series 2022-B34, Class AM, 3.831%, 4/15/55 | 87,374 | ||||
500,000(c) | BX Commercial Mortgage Trust, Series 2021-VIV5, Class A, 2.843%, 3/9/44 (144A) | 424,357 | ||||
400,000 | BX Trust, Series 2019-OC11, Class A, 3.202%, 12/9/41 (144A) | 355,974 | ||||
450,000(a) | BX Trust, Series 2021-ARIA, Class D, 7.335% (1 Month Term SOFR + 201 bps), 10/15/36 (144A) | 441,000 | ||||
234,973 | Citigroup Commercial Mortgage Trust, Series 2018-C5, Class A3, 3.963%, 6/10/51 | 223,683 | ||||
918,703(c)(e) | COMM Mortgage Trust, Series 2014-CR18, Class XA, 0.875%, 7/15/47 | 199 | ||||
173,818 | COMM Mortgage Trust, Series 2016-CR28, Class AHR, 3.651%, 2/10/49 | 169,662 | ||||
225,000(a) | Freddie Mac Multifamily Structured Credit Risk, Series 2021-MN3, Class M2, 9.32% (SOFR30A + 400 bps), 11/25/51 (144A) | 220,714 | ||||
150,000(c) | FREMF Mortgage Trust, Series 2017-KW03, Class B, 4.068%, 7/25/27 (144A) | 138,595 | ||||
109,062(a) | FREMF Mortgage Trust, Series 2018-KSW4, Class B, 7.884% (SOFR30A + 256 bps), 10/25/28 | 102,864 | ||||
100,000(c) | FREMF Mortgage Trust, Series 2019-K88, Class C, 4.383%, 2/25/52 (144A) | 94,157 | ||||
134,133(a) | FREMF Mortgage Trust, Series 2019-KF64, Class B, 7.734% (SOFR30A + 241 bps), 6/25/26 (144A) | 129,341 | ||||
106,690(a) | FREMF Mortgage Trust, Series 2019-KF66, Class B, 7.834% (SOFR30A + 251 bps), 7/25/29 (144A) | 98,917 | ||||
96,694(c) | FRESB Mortgage Trust, Series 2018-SB52, Class A7F, 3.39%, 6/25/25 | 94,123 | ||||
652,424(c)(e) | Government National Mortgage Association, Series 2017-21, Class IO, 0.632%, 10/16/58 | 23,175 | ||||
250,000(a) | GS Mortgage Securities Corportation Trust, Series 2021-IP, Class D, 7.54% (1 Month Term SOFR + 221 bps), 10/15/36 (144A) | 240,495 | ||||
323,000 | ILPT Trust, Series 2019-SURF, Class A, 4.145%, 2/11/41 (144A) | 304,612 |
4
Pioneer Bond VCT Portfolio | Pioneer Variable Contracts Trust |
Schedule of Investments 3/31/24 (unaudited) (continued)
Principal Amount USD ($) | Value | |||||
Commercial Mortgage-Backed Securities—(continued) | ||||||
250,000 | JP Morgan Chase Commercial Mortgage Securities Trust, Series 2018-WPT, Class AFX, 4.248%, 7/5/33 (144A) | $ 231,240 | ||||
250,000 | JPMDB Commercial Mortgage Securities Trust, Series 2018-C8, Class A4, 4.211%, 6/15/51 | 236,172 | ||||
1,600,000(c)(e) | JPMDB Commercial Mortgage Securities Trust, Series 2018-C8, Class XB, 0.121%, 6/15/51 | 7,435 | ||||
225,000 | Key Commercial Mortgage Securities Trust, Series 2019-S2, Class A3, 3.469%, 6/15/52 (144A) | 206,450 | ||||
60,000(c) | Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C21, Class C, 4.12%, 3/15/48 | 48,426 | ||||
250,000(c) | Morgan Stanley Capital I Trust, Series 2018-MP, Class A, 4.276%, 7/11/40 (144A) | 221,434 | ||||
150,000(a) | ORL Trust, Series 2023-GLKS, Class A, 7.676% (1 Month Term SOFR + 235 bps), 10/19/36 (144A) | 150,562 | ||||
85,000 | Palisades Center Trust, Series 2016-PLSD, Class A, 2.713%, 4/13/33 (144A) | 53,975 | ||||
225,000(a) | Ready Capital Mortgage Financing LLC, Series 2021-FL7, Class D, 8.394% (1 Month Term SOFR + 306 bps), 11/25/36 (144A) | 214,651 | ||||
325,000(a) | Taubman Centers Commercial Mortgage Trust, Series 2022-DPM, Class B, 8.257% (1 Month Term SOFR + 293 bps), 5/15/37 (144A) | 327,031 | ||||
200,000(c) | THPT Mortgage Trust, Series 2023-THL, Class A, 6.994%, 12/10/34 (144A) | 204,672 | ||||
Total Commercial Mortgage-Backed Securities (Cost $6,192,577) | $5,541,399 | |||||
Corporate Bonds — 36.5% of Net Assets | ||||||
Aerospace & Defense — 0.4% | ||||||
119,000 | Boeing Co., 3.75%, 2/1/50 | $ 82,781 | ||||
480,000 | Boeing Co., 3.90%, 5/1/49 | 342,010 | ||||
125,000 | Boeing Co., 5.805%, 5/1/50 | 118,266 | ||||
Total Aerospace & Defense | $543,057 | |||||
Agriculture — 0.5% | ||||||
282,000 | BAT Capital Corp., 6.00%, 2/20/34 | $ 285,538 | ||||
385,000 | Philip Morris International, Inc., 5.25%, 2/13/34 | 381,587 | ||||
Total Agriculture | $667,125 | |||||
Airlines — 0.4% | ||||||
190,376 | Air Canada 2017-1 Class AA Pass Through Trust, 3.30%, 1/15/30 (144A) | $ 172,291 | ||||
38,925 | American Airlines 2021-1 Class B Pass Through Trust, 3.95%, 7/11/30 | 35,807 | ||||
85,000 | Delta Air Lines, Inc./SkyMiles IP, Ltd., 4.75%, 10/20/28 (144A) | 83,135 | ||||
132,372 | JetBlue 2019-1 Class AA Pass Through Trust, 2.75%, 5/15/32 | 113,946 | ||||
49,025 | JetBlue 2020-1 Class A Pass Through Trust, 4.00%, 11/15/32 | 45,425 | ||||
53,932 | United Airlines 2020-1 Class B Pass Through Trust, 4.875%, 1/15/26 | 53,065 | ||||
Total Airlines | $503,669 | |||||
Auto Manufacturers — 1.8% | ||||||
80,000 | Cummins, Inc., 5.15%, 2/20/34 | $ 80,741 | ||||
135,000 | Cummins, Inc., 5.45%, 2/20/54 | 138,019 | ||||
125,000 | Ford Motor Co., 6.10%, 8/19/32 | 126,664 | ||||
200,000 | Ford Motor Credit Co. LLC, 3.625%, 6/17/31 | 172,932 | ||||
200,000 | Ford Motor Credit Co. LLC, 7.35%, 3/6/30 | 213,232 | ||||
216,000 | General Motors Co., 6.60%, 4/1/36 | 229,620 | ||||
85,000 | General Motors Financial Co., Inc., 5.75%, 2/8/31 | 85,922 | ||||
390,000 | General Motors Financial Co., Inc., 6.10%, 1/7/34 | 400,449 | ||||
285,000 | General Motors Financial Co., Inc., 6.40%, 1/9/33 | 298,660 | ||||
295,000 | Hyundai Capital America, 5.80%, 4/1/30 (144A) | 301,675 | ||||
115,000 | Hyundai Capital America, 6.20%, 9/21/30 (144A) | 119,949 | ||||
290,000 | Mercedes-Benz Finance North America LLC, 4.85%, 1/11/29 (144A) | 288,488 | ||||
Total Auto Manufacturers | $2,456,351 |
5
Pioneer Bond VCT Portfolio | Pioneer Variable Contracts Trust |
Principal Amount USD ($) | Value | |||||
Auto Parts & Equipment — 0.1% | ||||||
150,000 | ZF North America Capital, Inc., 6.875%, 4/14/28 (144A) | $ 155,650 | ||||
Total Auto Parts & Equipment | $155,650 | |||||
Banks — 13.4% | ||||||
800,000(c) | ABN AMRO Bank NV, 3.324% (5 Year CMT Index + 190 bps), 3/13/37 (144A) | $ 650,450 | ||||
535,000(c) | AIB Group Plc, 4.263% (3 Month USD LIBOR + 187 bps), 4/10/25 (144A) | 534,704 | ||||
270,000(c) | Australia & New Zealand Banking Group, Ltd., 5.731% (5 Year CMT Index + 162 bps), 9/18/34 (144A) | 268,647 | ||||
200,000 | Banco Bilbao Vizcaya Argentaria S.A., 5.381%, 3/13/29 | 201,777 | ||||
318,000 | Banco Santander Chile, 2.70%, 1/10/25 (144A) | 310,590 | ||||
600,000(c) | Banco Santander S.A., 3.225% (1 Year CMT Index + 160 bps), 11/22/32 | 498,490 | ||||
200,000 | Banco Santander S.A., 6.938%, 11/7/33 | 220,908 | ||||
375,000(c) | Bank of America Corp., 2.572% (SOFR + 121 bps), 10/20/32 | 311,109 | ||||
663,000(c) | Bank of America Corp., 2.884% (3 Month Term SOFR + 145 bps), 10/22/30 | 589,119 | ||||
65,000(c) | Bank of New York Mellon Corp., 4.975% (SOFR + 109 bps), 3/14/30 | 65,056 | ||||
150,000(c) | Bank of New York Mellon Corp., 5.834% (SOFR + 207 bps), 10/25/33 | 156,632 | ||||
590,000(c) | Bank of Nova Scotia, 4.588% (5 Year CMT Index + 205 bps), 5/4/37 | 534,829 | ||||
440,000(c) | Barclays Plc, 5.746% (1 Year CMT Index + 300 bps), 8/9/33 | 441,873 | ||||
260,000(c) | Barclays Plc, 6.692% (SOFR + 262 bps), 9/13/34 | 276,989 | ||||
255,000(c) | BNP Paribas S.A., 2.159% (SOFR + 122 bps), 9/15/29 (144A) | 222,817 | ||||
200,000(c) | BNP Paribas S.A., 5.176% (SOFR + 152 bps), 1/9/30 (144A) | 200,014 | ||||
390,000(c) | BPCE S.A., 3.116% (SOFR + 173 bps), 10/19/32 (144A) | 319,602 | ||||
200,000 | BPCE S.A., 4.875%, 4/1/26 (144A) | 196,230 | ||||
260,000(c) | CaixaBank S.A., 6.84% (SOFR + 277 bps), 9/13/34 (144A) | 277,893 | ||||
250,000(c) | Citigroup, Inc., 2.52% (SOFR + 118 bps), 11/3/32 | 205,019 | ||||
185,000(c) | Citigroup, Inc., 4.91% (SOFR + 209 bps), 5/24/33 | 178,352 | ||||
75,000(c) | Citizens Financial Group, Inc., 5.841% (SOFR + 201 bps), 1/23/30 | 74,892 | ||||
365,000(c) | Comerica Bank, 5.332% (SOFR + 261 bps), 8/25/33 | 332,055 | ||||
255,000(c) | Danske Bank A/S, 5.427% (1 Year CMT Index + 95 bps), 3/1/28 (144A) | 255,541 | ||||
570,000 | Federation des Caisses Desjardins du Quebec, 5.25%, 4/26/29 (144A) | 568,652 | ||||
235,000(c) | Goldman Sachs Group, Inc., 2.65% (SOFR + 126 bps), 10/21/32 | 195,525 | ||||
286,000(c) | Goldman Sachs Group, Inc., 3.272% (3 Month Term SOFR + 146 bps), 9/29/25 | 282,557 | ||||
215,000(c) | Goldman Sachs Group, Inc., 4.223% (3 Month Term SOFR + 156 bps), 5/1/29 | 206,945 | ||||
355,000(c) | HSBC Holdings Plc, 2.206% (SOFR + 129 bps), 8/17/29 | 311,132 | ||||
375,000(c) | HSBC Holdings Plc, 2.871% (SOFR + 141 bps), 11/22/32 | 313,259 | ||||
200,000(c) | HSBC Holdings Plc, 6.161% (SOFR + 197 bps), 3/9/29 | 205,492 | ||||
200,000(c) | ING Groep NV, 4.252% (SOFR + 207 bps), 3/28/33 | 185,273 | ||||
635,000(c)(f) | ING Groep NV, 4.25% (5 Year CMT Index + 286 bps) | 481,767 | ||||
245,000(c) | Intesa Sanpaolo S.p.A., 7.778% (1 Year CMT Index + 390 bps), 6/20/54 (144A) | 261,276 | ||||
335,000 | Intesa Sanpaolo S.p.A., 7.80%, 11/28/53 (144A) | 380,077 | ||||
265,000(c) | JPMorgan Chase & Co., 5.04% (SOFR + 119 bps), 1/23/28 | 264,086 | ||||
500,000 | KeyBank NA, 4.15%, 8/8/25 | 486,017 | ||||
100,000(c) | KeyCorp, 6.401% (SOFR + 242 bps), 3/6/35 | 102,121 | ||||
200,000(c) | Lloyds Banking Group Plc, 4.976% (1 Year CMT Index + 230 bps), 8/11/33 | 192,611 | ||||
310,000(c) | Lloyds Banking Group Plc, 7.953% (1 Year CMT Index + 375 bps), 11/15/33 | 349,024 | ||||
205,000(c)(f) | Lloyds Banking Group Plc, 8.00% (5 Year CMT Index + 391 bps) | 206,408 | ||||
335,000(c) | Macquarie Group, Ltd., 2.691% (SOFR + 144 bps), 6/23/32 (144A) | 279,044 | ||||
195,000(c) | Macquarie Group, Ltd., 2.871% (SOFR + 153 bps), 1/14/33 (144A) | 162,185 | ||||
155,000(c) | Morgan Stanley, 5.173% (SOFR + 145 bps), 1/16/30 | 155,131 | ||||
305,000(c) | Morgan Stanley, 5.297% (SOFR + 262 bps), 4/20/37 | 292,617 | ||||
165,000(c) | Morgan Stanley, 5.942% (5 Year CMT Index + 180 bps), 2/7/39 | 164,005 |
6
Pioneer Bond VCT Portfolio | Pioneer Variable Contracts Trust |
Schedule of Investments 3/31/24 (unaudited) (continued)
Principal Amount USD ($) | Value | |||||
Banks — (continued) | ||||||
60,000(c) | Morgan Stanley, 5.948% (5 Year CMT Index + 243 bps), 1/19/38 | $ 60,122 | ||||
200,000(c) | NatWest Group Plc, 6.475% (5 Year CMT Index + 220 bps), 6/1/34 | 203,298 | ||||
645,000(c)(f) | Nordea Bank Abp, 3.75% (5 Year CMT Index + 260 bps) (144A) | 531,297 | ||||
55,000(c) | PNC Financial Services Group, Inc., 5.30% (SOFR + 134 bps), 1/21/28 | 55,063 | ||||
185,000(c) | PNC Financial Services Group, Inc., 6.875% (SOFR + 228 bps), 10/20/34 | 202,580 | ||||
210,000(c) | Santander Holdings USA, Inc., 2.49% (SOFR + 125 bps), 1/6/28 | 190,850 | ||||
460,000(c) | Standard Chartered Plc, 6.296% (1 Year CMT Index + 258 bps), 7/6/34 (144A) | 481,433 | ||||
55,000(c) | Truist Financial Corp., 5.435% (SOFR + 162 bps), 1/24/30 | 54,936 | ||||
185,000(c) | Truist Financial Corp., 7.161% (SOFR + 245 bps), 10/30/29 | 197,284 | ||||
415,000(c) | UBS Group AG, 2.746% (1 Year CMT Index + 110 bps), 2/11/33 (144A) | 339,026 | ||||
200,000(c) | UBS Group AG, 6.301% (1 Year CMT Index + 200 bps), 9/22/34 (144A) | 209,353 | ||||
700,000(c) | UniCredit S.p.A., 2.569% (1 Year CMT Index + 230 bps), 9/22/26 (144A) | 666,692 | ||||
240,000(c) | UniCredit S.p.A., 5.459% (5 Year CMT Index + 475 bps), 6/30/35 (144A) | 225,373 | ||||
200,000(c) | UniCredit S.p.A., 7.296% (5 Year USD Swap Rate + 491 bps), 4/2/34 (144A) | 205,547 | ||||
595,000(c) | US Bancorp, 2.491% (5 Year CMT Index + 95 bps), 11/3/36 | 468,118 | ||||
75,000(c) | US Bancorp, 5.384% (SOFR + 156 bps), 1/23/30 | 75,331 | ||||
350,000(c) | Wells Fargo & Co., 6.491% (SOFR + 206 bps), 10/23/34 | 375,401 | ||||
Total Banks | $17,910,496 | |||||
Biotechnology — 0.1% | ||||||
170,000 | Amgen, Inc., 5.25%, 3/2/33 | $ 171,430 | ||||
Total Biotechnology | $171,430 | |||||
Building Materials — 0.0%† | ||||||
55,000 | Miter Brands Acquisition Holdco, Inc./MIWD Borrower LLC, 6.75%, 4/1/32 (144A) | $ 55,188 | ||||
Total Building Materials | $55,188 | |||||
Chemicals — 0.2% | ||||||
252,000 | Albemarle Corp., 5.65%, 6/1/52 | $ 231,151 | ||||
Total Chemicals | $231,151 | |||||
Commercial Services — 0.5% | ||||||
75,000 | Element Fleet Management Corp., 5.643%, 3/13/27 (144A) | $ 75,233 | ||||
260,000 | Element Fleet Management Corp., 6.319%, 12/4/28 (144A) | 268,539 | ||||
165,000 | S&P Global, Inc., 5.25%, 9/15/33 (144A) | 168,604 | ||||
200,000 | Sotheby's, 7.375%, 10/15/27 (144A) | 186,216 | ||||
Total Commercial Services | $698,592 | |||||
Diversified Financial Services — 3.4% | ||||||
225,000 | AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 3.30%, 1/30/32 | $ 192,973 | ||||
265,000 | Air Lease Corp., 2.10%, 9/1/28 | 231,918 | ||||
165,000 | Air Lease Corp., 2.875%, 1/15/32 | 138,938 | ||||
215,000 | Air Lease Corp., 3.125%, 12/1/30 | 188,711 | ||||
395,000 | Ally Financial, Inc., 4.75%, 6/9/27 | 383,715 | ||||
130,000(c) | Ally Financial, Inc., 6.848% (SOFR + 282 bps), 1/3/30 | 133,792 | ||||
50,000(c) | Ally Financial, Inc., 6.992% (SOFR + 326 bps), 6/13/29 | 51,836 | ||||
60,000 | Ally Financial, Inc., 8.00%, 11/1/31 | 66,834 | ||||
245,000 | Ameriprise Financial, Inc., 5.15%, 5/15/33 | 247,548 | ||||
30,000 | Avolon Holdings Funding, Ltd., 3.95%, 7/1/24 (144A) | 29,826 | ||||
330,000 | Avolon Holdings Funding, Ltd., 6.375%, 5/4/28 (144A) | 336,663 | ||||
285,000(c) | Capital One Financial Corp., 2.359% (SOFR + 134 bps), 7/29/32 | 219,619 | ||||
125,000(c) | Capital One Financial Corp., 5.247% (SOFR + 260 bps), 7/26/30 | 123,024 |
7
Pioneer Bond VCT Portfolio | Pioneer Variable Contracts Trust |
Principal Amount USD ($) | Value | |||||
Diversified Financial Services — (continued) | ||||||
310,000(c) | Capital One Financial Corp., 5.268% (SOFR + 237 bps), 5/10/33 | $ 304,404 | ||||
30,000(c) | Capital One Financial Corp., 5.817% (SOFR + 260 bps), 2/1/34 | 29,954 | ||||
140,000(c) | Capital One Financial Corp., 6.377% (SOFR + 286 bps), 6/8/34 | 145,392 | ||||
220,000(c) | Charles Schwab Corp., 5.853% (SOFR + 250 bps), 5/19/34 | 225,290 | ||||
30,000 | Freedom Mortgage Holdings LLC, 9.25%, 2/1/29 (144A) | 30,703 | ||||
485,000 | Nomura Holdings, Inc., 2.999%, 1/22/32 | 409,583 | ||||
225,000 | Nomura Holdings, Inc., 5.605%, 7/6/29 | 227,757 | ||||
140,000 | OneMain Finance Corp., 3.50%, 1/15/27 | 129,962 | ||||
404,000 | OneMain Finance Corp., 4.00%, 9/15/30 | 345,762 | ||||
90,000 | OneMain Finance Corp., 9.00%, 1/15/29 | 95,500 | ||||
283,000 | United Wholesale Mortgage LLC, 5.50%, 4/15/29 (144A) | 267,661 | ||||
Total Diversified Financial Services | $4,557,365 | |||||
Electric — 1.4% | ||||||
210,000(c) | Algonquin Power & Utilities Corp., 4.75% (5 Year CMT Index + 325 bps), 1/18/82 | $ 185,127 | ||||
40,000(d) | Algonquin Power & Utilities Corp., 5.365%, 6/15/26 | 39,784 | ||||
325,000 | Entergy Louisiana LLC, 5.35%, 3/15/34 | 326,215 | ||||
130,000 | Monongahela Power Co., 5.85%, 2/15/34 (144A) | 133,504 | ||||
185,000 | NextEra Energy Capital Holdings, Inc., 6.051%, 3/1/25 | 185,704 | ||||
350,000 | PacifiCorp, 5.45%, 2/15/34 | 351,126 | ||||
255,000 | Puget Energy, Inc., 2.379%, 6/15/28 | 227,426 | ||||
220,000 | Puget Energy, Inc., 4.10%, 6/15/30 | 200,799 | ||||
55,000 | Puget Energy, Inc., 4.224%, 3/15/32 | 49,877 | ||||
120,000 | Vistra Operations Co. LLC, 6.95%, 10/15/33 (144A) | 128,083 | ||||
Total Electric | $1,827,645 | |||||
Energy-Alternate Sources — 0.0%† | ||||||
35,226 | Alta Wind Holdings LLC, 7.00%, 6/30/35 (144A) | $ 35,849 | ||||
Total Energy-Alternate Sources | $35,849 | |||||
Entertainment — 0.3% | ||||||
400,000 | Resorts World Las Vegas LLC/RWLV Capital, Inc., 4.625%, 4/16/29 (144A) | $ 365,113 | ||||
Total Entertainment | $365,113 | |||||
Food — 0.9% | ||||||
120,000 | JBS USA LUX S.A./JBS USA Food Co./JBS USA Finance, Inc., 3.00%, 2/2/29 | $ 106,254 | ||||
57,000 | JBS USA LUX S.A./JBS USA Food Co./JBS USA Finance, Inc., 3.00%, 5/15/32 | 46,487 | ||||
255,000 | JBS USA LUX S.A./JBS USA Food Co./JBS USA Finance, Inc., 5.75%, 4/1/33 | 251,219 | ||||
90,000 | JBS USA LUX S.A./JBS USA Food Co./JBS USA Finance, Inc., 6.50%, 12/1/52 | 88,929 | ||||
455,000 | Minerva Luxembourg S.A., 4.375%, 3/18/31 (144A) | 380,400 | ||||
220,000 | Smithfield Foods, Inc., 2.625%, 9/13/31 (144A) | 172,286 | ||||
200,000 | Smithfield Foods, Inc., 3.00%, 10/15/30 (144A) | 165,572 | ||||
21,000 | Smithfield Foods, Inc., 5.20%, 4/1/29 (144A) | 20,201 | ||||
Total Food | $1,231,348 | |||||
Gas — 0.5% | ||||||
110,000 | Boston Gas Co., 3.15%, 8/1/27 (144A) | $ 102,015 | ||||
380,000 | KeySpan Gas East Corp., 5.994%, 3/6/33 (144A) | 385,103 | ||||
153,291 | Nakilat, Inc., 6.267%, 12/31/33 (144A) | 159,806 | ||||
Total Gas | $646,924 |
8
Pioneer Bond VCT Portfolio | Pioneer Variable Contracts Trust |
Schedule of Investments 3/31/24 (unaudited) (continued)
Principal Amount USD ($) | Value | |||||
Hand & Machine Tools — 0.2% | ||||||
125,000 | Kennametal, Inc., 2.80%, 3/1/31 | $ 105,950 | ||||
125,000 | Regal Rexnord Corp., 6.30%, 2/15/30 (144A) | 127,964 | ||||
Total Hand & Machine Tools | $233,914 | |||||
Healthcare-Products — 0.3% | ||||||
77,000 | Edwards Lifesciences Corp., 4.30%, 6/15/28 | $ 74,924 | ||||
348,000 | Smith & Nephew Plc, 2.032%, 10/14/30 | 287,178 | ||||
55,000 | Smith & Nephew Plc, 5.40%, 3/20/34 | 54,729 | ||||
Total Healthcare-Products | $416,831 | |||||
Healthcare-Services — 0.1% | ||||||
75,000 | Humana, Inc., 5.375%, 4/15/31 | $ 75,040 | ||||
Total Healthcare-Services | $75,040 | |||||
Insurance — 1.8% | ||||||
185,000 | Brown & Brown, Inc., 4.20%, 3/17/32 | $ 170,788 | ||||
470,000 | CNO Global Funding, 2.65%, 1/6/29 (144A) | 409,266 | ||||
190,000(c) | Farmers Exchange Capital III, 5.454% (3 Month USD LIBOR + 345 bps), 10/15/54 (144A) | 156,694 | ||||
340,000(c) | Farmers Insurance Exchange, 4.747% (3 Month USD LIBOR + 323 bps), 11/1/57 (144A) | 251,570 | ||||
456,000 | Liberty Mutual Insurance Co., 7.697%, 10/15/97 (144A) | 517,330 | ||||
155,000 | Metropolitan Life Global Funding I, 5.15%, 3/28/33 (144A) | 155,174 | ||||
475,000 | Nationwide Mutual Insurance Co., 4.35%, 4/30/50 (144A) | 376,218 | ||||
355,000(c) | Nippon Life Insurance Co., 2.90% (5 Year CMT Index + 260 bps), 9/16/51 (144A) | 295,234 | ||||
86,000 | Primerica, Inc., 2.80%, 11/19/31 | 71,778 | ||||
26,000 | Teachers Insurance & Annuity Association of America, 6.85%, 12/16/39 (144A) | 29,547 | ||||
Total Insurance | $2,433,599 | |||||
Iron & Steel — 0.2% | ||||||
250,000 | Cleveland-Cliffs, Inc., 7.00%, 3/15/32 (144A) | $ 253,300 | ||||
Total Iron & Steel | $253,300 | |||||
Lodging — 0.6% | ||||||
135,000 | Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Esc, 6.625%, 1/15/32 (144A) | $ 135,545 | ||||
55,000 | Marriott International, Inc., 4.90%, 4/15/29 | 54,566 | ||||
115,000 | Marriott International, Inc., 5.30%, 5/15/34 | 113,743 | ||||
520,000 | Marriott International, Inc., 3.50%, 10/15/32 | 455,845 | ||||
100,000 | Marriott International, Inc., 4.625%, 6/15/30 | 97,289 | ||||
Total Lodging | $856,988 | |||||
Machinery-Diversified — 0.2% | ||||||
210,000 | CNH Industrial Capital LLC, 4.55%, 4/10/28 | $ 205,756 | ||||
100,000 | Nordson Corp., 5.80%, 9/15/33 | 104,385 | ||||
Total Machinery-Diversified | $310,141 | |||||
Mining — 0.5% | ||||||
335,000 | AngloGold Ashanti Holdings Plc, 3.75%, 10/1/30 | $ 292,742 | ||||
265,000 | First Quantum Minerals, Ltd., 8.625%, 6/1/31 (144A) | 257,602 | ||||
130,000 | Newmont Corp./Newcrest Finance Pty, Ltd., 5.35%, 3/15/34 (144A) | 130,829 | ||||
Total Mining | $681,173 |
9
Pioneer Bond VCT Portfolio | Pioneer Variable Contracts Trust |
Principal Amount USD ($) | Value | |||||
Multi-National — 0.2% | ||||||
230,000 | Banque Ouest Africaine de Developpement, 4.70%, 10/22/31 (144A) | $ 197,791 | ||||
Total Multi-National | $197,791 | |||||
Oil & Gas — 1.0% | ||||||
640,000 | Aker BP ASA, 3.10%, 7/15/31 (144A) | $ 546,968 | ||||
450,000 | Phillips 66 Co., 3.75%, 3/1/28 | 430,209 | ||||
312,000 | Valero Energy Corp., 6.625%, 6/15/37 | 340,123 | ||||
Total Oil & Gas | $1,317,300 | |||||
Pharmaceuticals — 0.6% | ||||||
315,000 | Cencora, Inc., 5.125%, 2/15/34 | $ 314,461 | ||||
35,000 | CVS Health Corp., 5.25%, 1/30/31 | 35,262 | ||||
260,000 | CVS Health Corp., 5.25%, 2/21/33 | 260,070 | ||||
200,000 | Teva Pharmaceutical Finance Netherlands III BV, 5.125%, 5/9/29 | 192,196 | ||||
Total Pharmaceuticals | $801,989 | |||||
Pipelines — 1.8% | ||||||
75,000 | Boardwalk Pipelines LP, 3.60%, 9/1/32 | $ 65,451 | ||||
160,000(c) | Enbridge, Inc., 8.50% (5 Year CMT Index + 443 bps), 1/15/84 | 173,846 | ||||
40,000 | Energy Transfer LP, 4.15%, 9/15/29 | 37,964 | ||||
479,000 | Energy Transfer LP, 4.95%, 5/15/28 | 474,996 | ||||
224,000 | Energy Transfer LP, 5.35%, 5/15/45 | 206,848 | ||||
140,000 | Energy Transfer LP, 6.00%, 6/15/48 | 139,150 | ||||
125,000 | Energy Transfer LP, 7.375%, 2/1/31 (144A) | 130,752 | ||||
280,000 | EnLink Midstream Partners LP, 5.45%, 6/1/47 | 243,678 | ||||
134,000 | EnLink Midstream Partners LP, 5.60%, 4/1/44 | 119,307 | ||||
230,000 | NGPL PipeCo LLC, 3.25%, 7/15/31 (144A) | 196,467 | ||||
20,000 | Venture Global LNG, Inc., 8.125%, 6/1/28 (144A) | 20,404 | ||||
115,000 | Venture Global LNG, Inc., 8.375%, 6/1/31 (144A) | 118,596 | ||||
45,000 | Venture Global LNG, Inc., 9.50%, 2/1/29 (144A) | 48,504 | ||||
80,000 | Williams Cos., Inc., 5.15%, 3/15/34 | 79,279 | ||||
89,000 | Williams Cos., Inc., 7.75%, 6/15/31 | 98,512 | ||||
250,000 | Williams Cos., Inc., 7.50%, 1/15/31 | 278,154 | ||||
Total Pipelines | $2,431,908 | |||||
REITs — 1.7% | ||||||
50,000 | Essex Portfolio LP, 5.50%, 4/1/34 | $ 50,055 | ||||
255,000 | Healthcare Realty Holdings LP, 3.10%, 2/15/30 | 222,027 | ||||
47,000 | Highwoods Realty LP, 2.60%, 2/1/31 | 37,140 | ||||
15,000 | Highwoods Realty LP, 3.05%, 2/15/30 | 12,648 | ||||
41,000 | Highwoods Realty LP, 4.125%, 3/15/28 | 38,337 | ||||
285,000 | LXP Industrial Trust, 2.375%, 10/1/31 | 227,487 | ||||
165,000 | LXP Industrial Trust, 2.70%, 9/15/30 | 137,808 | ||||
454,000 | MPT Operating Partnership LP/MPT Finance Corp., 3.50%, 3/15/31 | 311,725 | ||||
500,000 | Simon Property Group LP , 5.50%, 3/8/33 | 509,182 | ||||
500,000 | Sun Communities Operating LP , 5.70%, 1/15/33 | 495,867 | ||||
180,000 | UDR, Inc., 4.40%, 1/26/29 | 173,679 | ||||
Total REITs | $2,215,955 | |||||
Retail — 1.0% | ||||||
55,000 | AutoNation, Inc., 1.95%, 8/1/28 | $ 47,598 | ||||
55,000 | AutoNation, Inc., 2.40%, 8/1/31 | 44,307 |
10
Pioneer Bond VCT Portfolio | Pioneer Variable Contracts Trust |
Schedule of Investments 3/31/24 (unaudited) (continued)
Principal Amount USD ($) | Value | |||||
Retail — (continued) | ||||||
245,000 | AutoNation, Inc., 3.85%, 3/1/32 | $ 217,771 | ||||
125,000 | AutoNation, Inc., 4.75%, 6/1/30 | 120,021 | ||||
325,000 | Darden Restaurants, Inc., 6.30%, 10/10/33 | 339,080 | ||||
375,000 | Dollar Tree, Inc., 2.65%, 12/1/31 | 313,221 | ||||
295,000 | Lowe's Cos., Inc., 3.75%, 4/1/32 | 270,974 | ||||
Total Retail | $1,352,972 | |||||
Semiconductors — 1.0% | ||||||
35,000 | Broadcom, Inc., 3.137%, 11/15/35 (144A) | $ 28,276 | ||||
475,000 | Broadcom, Inc., 3.187%, 11/15/36 (144A) | 378,030 | ||||
130,000 | Broadcom, Inc., 4.15%, 4/15/32 (144A) | 120,606 | ||||
100,000 | Broadcom, Inc., 4.30%, 11/15/32 | 93,961 | ||||
200,000 | Foundry JV Holdco LLC, 5.875%, 1/25/34 (144A) | 200,301 | ||||
260,000 | SK Hynix, Inc., 5.50%, 1/16/29 (144A) | 259,209 | ||||
313,000 | Skyworks Solutions, Inc., 3.00%, 6/1/31 | 262,510 | ||||
Total Semiconductors | $1,342,893 | |||||
Software — 0.3% | ||||||
423,000 | Autodesk, Inc., 2.40%, 12/15/31 | $ 354,268 | ||||
Total Software | $354,268 | |||||
Telecommunications — 0.8% | ||||||
315,000 | Motorola Solutions, Inc., 2.30%, 11/15/30 | $ 264,416 | ||||
150,000 | Motorola Solutions, Inc., 5.60%, 6/1/32 | 152,046 | ||||
175,000 | T-Mobile USA, Inc., 2.70%, 3/15/32 | 147,164 | ||||
165,000 | T-Mobile USA, Inc., 5.05%, 7/15/33 | 163,209 | ||||
145,000 | T-Mobile USA, Inc., 5.20%, 1/15/33 | 145,161 | ||||
115,000 | T-Mobile USA, Inc., 5.75%, 1/15/34 | 119,758 | ||||
Total Telecommunications | $991,754 | |||||
Trucking & Leasing — 0.3% | ||||||
95,000 | Penske Truck Leasing Co. LP/PTL Finance Corp., 4.40%, 7/1/27 (144A) | $ 92,474 | ||||
275,000 | Penske Truck Leasing Co. LP/PTL Finance Corp., 5.55%, 5/1/28 (144A) | 277,947 | ||||
25,000 | Penske Truck Leasing Co. LP/PTL Finance Corp., 6.05%, 8/1/28 (144A) | 25,722 | ||||
Total Trucking & Leasing | $396,143 | |||||
Total Corporate Bonds (Cost $51,910,454) | $48,720,912 | |||||
Face Amount USD ($) | ||||||
Insurance-Linked Securities — 0.0%† of Net Assets# | ||||||
Reinsurance Sidecars — 0.0%† | ||||||
Multiperil – Worldwide — 0.0%† | ||||||
25,723(g)(h)+ | Lorenz Re 2019, 6/30/24 | $ 239 | ||||
Total Reinsurance Sidecars | $239 | |||||
Total Insurance-Linked Securities (Cost $4,216) | $239 | |||||
11
Pioneer Bond VCT Portfolio | Pioneer Variable Contracts Trust |
Principal Amount USD ($) | Value | |||||
Foreign Government Bond — 0.1% of Net Assets | ||||||
Saudi Arabia — 0.1% | ||||||
200,000 | Saudi Government International Bond, 5.750%, 1/16/54 (144A) | $ 197,500 | ||||
Total Saudi Arabia | $197,500 | |||||
Total Foreign Government Bond (Cost $195,595) | $197,500 | |||||
U.S. Government and Agency Obligations — 51.4% of Net Assets | ||||||
1,558,715 | Federal Home Loan Mortgage Corp., 1.500%, 3/1/42 | $ 1,268,032 | ||||
91,155 | Federal Home Loan Mortgage Corp., 2.000%, 3/1/52 | 72,209 | ||||
50,207 | Federal Home Loan Mortgage Corp., 2.500%, 2/1/51 | 42,436 | ||||
869,337 | Federal Home Loan Mortgage Corp., 2.500%, 5/1/51 | 726,084 | ||||
270,967 | Federal Home Loan Mortgage Corp., 2.500%, 4/1/52 | 224,503 | ||||
48,085 | Federal Home Loan Mortgage Corp., 2.500%, 5/1/52 | 40,337 | ||||
11,946 | Federal Home Loan Mortgage Corp., 3.000%, 10/1/29 | 11,438 | ||||
14,306 | Federal Home Loan Mortgage Corp., 3.000%, 9/1/42 | 12,848 | ||||
71,969 | Federal Home Loan Mortgage Corp., 3.000%, 11/1/42 | 64,523 | ||||
24,989 | Federal Home Loan Mortgage Corp., 3.000%, 4/1/43 | 22,339 | ||||
81,840 | Federal Home Loan Mortgage Corp., 3.000%, 12/1/46 | 72,284 | ||||
59,831 | Federal Home Loan Mortgage Corp., 3.000%, 8/1/50 | 52,635 | ||||
435,134 | Federal Home Loan Mortgage Corp., 3.000%, 9/1/51 | 374,446 | ||||
88,779 | Federal Home Loan Mortgage Corp., 3.000%, 1/1/52 | 76,675 | ||||
862,742 | Federal Home Loan Mortgage Corp., 3.000%, 6/1/52 | 742,622 | ||||
611,652 | Federal Home Loan Mortgage Corp., 3.000%, 6/1/52 | 526,280 | ||||
72,136 | Federal Home Loan Mortgage Corp., 3.000%, 8/1/52 | 63,114 | ||||
150,428 | Federal Home Loan Mortgage Corp., 3.000%, 9/1/52 | 129,469 | ||||
104,547 | Federal Home Loan Mortgage Corp., 3.000%, 4/1/53 | 89,979 | ||||
13,583 | Federal Home Loan Mortgage Corp., 3.500%, 7/1/29 | 13,144 | ||||
18,708 | Federal Home Loan Mortgage Corp., 3.500%, 10/1/42 | 17,245 | ||||
78,387 | Federal Home Loan Mortgage Corp., 3.500%, 7/1/46 | 72,344 | ||||
394,433 | Federal Home Loan Mortgage Corp., 3.500%, 12/1/46 | 361,058 | ||||
8,847 | Federal Home Loan Mortgage Corp., 3.500%, 3/1/48 | 8,086 | ||||
96,960 | Federal Home Loan Mortgage Corp., 3.500%, 4/1/52 | 87,614 | ||||
51,700 | Federal Home Loan Mortgage Corp., 4.000%, 10/1/42 | 48,985 | ||||
79,812 | Federal Home Loan Mortgage Corp., 4.000%, 5/1/44 | 76,404 | ||||
16,478 | Federal Home Loan Mortgage Corp., 4.000%, 4/1/47 | 15,526 | ||||
11,826 | Federal Home Loan Mortgage Corp., 4.000%, 6/1/50 | 11,044 | ||||
88,536 | Federal Home Loan Mortgage Corp., 4.000%, 9/1/53 | 82,002 | ||||
11,603 | Federal Home Loan Mortgage Corp., 5.000%, 5/1/40 | 11,664 | ||||
2,911 | Federal Home Loan Mortgage Corp., 5.000%, 3/1/44 | 2,926 | ||||
8,721 | Federal Home Loan Mortgage Corp., 5.500%, 6/1/41 | 8,902 | ||||
174,350 | Federal Home Loan Mortgage Corp., 5.500%, 7/1/49 | 176,051 | ||||
99,261 | Federal Home Loan Mortgage Corp., 5.500%, 3/1/53 | 99,084 | ||||
95,651 | Federal Home Loan Mortgage Corp., 5.500%, 7/1/53 | 96,226 | ||||
412 | Federal Home Loan Mortgage Corp., 6.000%, 11/1/32 | 417 | ||||
1,638 | Federal Home Loan Mortgage Corp., 6.000%, 12/1/32 | 1,671 | ||||
3,103 | Federal Home Loan Mortgage Corp., 6.000%, 2/1/33 | 3,182 | ||||
2,317 | Federal Home Loan Mortgage Corp., 6.000%, 1/1/34 | 2,383 | ||||
466 | Federal Home Loan Mortgage Corp., 6.000%, 12/1/36 | 481 | ||||
197,944 | Federal Home Loan Mortgage Corp., 6.000%, 4/1/53 | 201,909 | ||||
93,887 | Federal Home Loan Mortgage Corp., 6.000%, 7/1/53 | 95,258 |
12
Pioneer Bond VCT Portfolio | Pioneer Variable Contracts Trust |
Schedule of Investments 3/31/24 (unaudited) (continued)
Principal Amount USD ($) | Value | |||||
U.S. Government and Agency Obligations — (continued) | ||||||
294,304 | Federal Home Loan Mortgage Corp., 6.000%, 2/1/54 | $ 296,963 | ||||
100,000 | Federal Home Loan Mortgage Corp., 6.000%, 2/1/54 | 102,451 | ||||
913 | Federal Home Loan Mortgage Corp., 6.500%, 1/1/29 | 934 | ||||
482 | Federal Home Loan Mortgage Corp., 6.500%, 4/1/31 | 495 | ||||
2,181 | Federal Home Loan Mortgage Corp., 6.500%, 10/1/31 | 2,237 | ||||
572 | Federal Home Loan Mortgage Corp., 6.500%, 2/1/32 | 585 | ||||
3,611 | Federal Home Loan Mortgage Corp., 6.500%, 4/1/32 | 3,693 | ||||
1,526 | Federal Home Loan Mortgage Corp., 6.500%, 7/1/32 | 1,562 | ||||
54,006 | Federal Home Loan Mortgage Corp., 6.500%, 1/1/53 | 55,486 | ||||
262,537 | Federal Home Loan Mortgage Corp., 6.500%, 2/1/53 | 277,053 | ||||
91,029 | Federal Home Loan Mortgage Corp., 6.500%, 8/1/53 | 93,710 | ||||
99,460 | Federal Home Loan Mortgage Corp., 6.500%, 8/1/53 | 101,940 | ||||
99,342 | Federal Home Loan Mortgage Corp., 6.500%, 8/1/53 | 101,932 | ||||
198,726 | Federal Home Loan Mortgage Corp., 6.500%, 8/1/53 | 207,825 | ||||
418 | Federal Home Loan Mortgage Corp., 7.000%, 2/1/31 | 432 | ||||
693 | Federal Home Loan Mortgage Corp., 7.000%, 4/1/32 | 715 | ||||
536 | Federal Home Loan Mortgage Corp., 7.500%, 8/1/31 | 540 | ||||
1,653,963 | Federal National Mortgage Association, 1.500%, 3/1/42 | 1,346,356 | ||||
200,000 | Federal National Mortgage Association, 2.000%, 4/15/39 (TBA) | 177,209 | ||||
564,468 | Federal National Mortgage Association, 2.000%, 12/1/41 | 473,928 | ||||
98,540 | Federal National Mortgage Association, 2.000%, 2/1/42 | 82,698 | ||||
431,016 | Federal National Mortgage Association, 2.000%, 4/1/42 | 361,093 | ||||
295,133 | Federal National Mortgage Association, 2.000%, 11/1/51 | 238,076 | ||||
83,691 | Federal National Mortgage Association, 2.000%, 11/1/51 | 67,269 | ||||
265,283 | Federal National Mortgage Association, 2.000%, 3/1/52 | 210,482 | ||||
3,600,000 | Federal National Mortgage Association, 2.000%, 4/1/54 (TBA) | 2,847,556 | ||||
7,406 | Federal National Mortgage Association, 2.500%, 7/1/30 | 6,961 | ||||
6,494 | Federal National Mortgage Association, 2.500%, 7/1/30 | 6,108 | ||||
12,154 | Federal National Mortgage Association, 2.500%, 7/1/30 | 11,432 | ||||
100,000 | Federal National Mortgage Association, 2.500%, 4/15/39 (TBA) | 90,977 | ||||
30,214 | Federal National Mortgage Association, 2.500%, 2/1/43 | 25,884 | ||||
6,564 | Federal National Mortgage Association, 2.500%, 2/1/43 | 5,575 | ||||
5,376 | Federal National Mortgage Association, 2.500%, 3/1/43 | 4,607 | ||||
5,432 | Federal National Mortgage Association, 2.500%, 8/1/43 | 4,655 | ||||
16,193 | Federal National Mortgage Association, 2.500%, 4/1/45 | 13,834 | ||||
18,693 | Federal National Mortgage Association, 2.500%, 4/1/45 | 15,969 | ||||
8,240 | Federal National Mortgage Association, 2.500%, 4/1/45 | 7,039 | ||||
13,161 | Federal National Mortgage Association, 2.500%, 4/1/45 | 11,244 | ||||
6,443 | Federal National Mortgage Association, 2.500%, 4/1/45 | 5,504 | ||||
8,419 | Federal National Mortgage Association, 2.500%, 4/1/45 | 7,196 | ||||
19,753 | Federal National Mortgage Association, 2.500%, 4/1/45 | 16,875 | ||||
17,834 | Federal National Mortgage Association, 2.500%, 8/1/45 | 15,235 | ||||
303,310 | Federal National Mortgage Association, 2.500%, 8/1/50 | 257,239 | ||||
777,664 | Federal National Mortgage Association, 2.500%, 5/1/51 | 656,128 | ||||
413,049 | Federal National Mortgage Association, 2.500%, 5/1/51 | 348,730 | ||||
830,263 | Federal National Mortgage Association, 2.500%, 11/1/51 | 701,033 | ||||
1,711,661 | Federal National Mortgage Association, 2.500%, 1/1/52 | 1,435,409 | ||||
83,518 | Federal National Mortgage Association, 2.500%, 2/1/52 | 70,291 | ||||
1,187,527 | Federal National Mortgage Association, 2.500%, 4/1/52 | 982,766 |
13
Pioneer Bond VCT Portfolio | Pioneer Variable Contracts Trust |
Principal Amount USD ($) | Value | |||||
U.S. Government and Agency Obligations — (continued) | ||||||
1,749,398 | Federal National Mortgage Association, 2.500%, 4/1/52 | $ 1,449,315 | ||||
393,564 | Federal National Mortgage Association, 2.500%, 4/1/52 | 333,584 | ||||
2,000,000 | Federal National Mortgage Association, 2.500%, 4/1/54 (TBA) | 1,652,921 | ||||
4,579 | Federal National Mortgage Association, 3.000%, 3/1/29 | 4,387 | ||||
24,977 | Federal National Mortgage Association, 3.000%, 10/1/30 | 23,767 | ||||
25,487 | Federal National Mortgage Association, 3.000%, 8/1/45 | 22,673 | ||||
107,560 | Federal National Mortgage Association, 3.000%, 2/1/47 | 96,146 | ||||
77,143 | Federal National Mortgage Association, 3.000%, 3/1/47 | 68,921 | ||||
78,438 | Federal National Mortgage Association, 3.000%, 4/1/47 | 69,687 | ||||
94,737 | Federal National Mortgage Association, 3.000%, 8/1/50 | 83,167 | ||||
383,639 | Federal National Mortgage Association, 3.000%, 2/1/51 | 336,271 | ||||
92,247 | Federal National Mortgage Association, 3.000%, 8/1/51 | 79,443 | ||||
353,703 | Federal National Mortgage Association, 3.000%, 11/1/51 | 309,030 | ||||
456,882 | Federal National Mortgage Association, 3.000%, 11/1/51 | 393,183 | ||||
408,538 | Federal National Mortgage Association, 3.000%, 1/1/52 | 357,361 | ||||
91,538 | Federal National Mortgage Association, 3.000%, 2/1/52 | 80,195 | ||||
550,268 | Federal National Mortgage Association, 3.000%, 3/1/52 | 485,054 | ||||
456,913 | Federal National Mortgage Association, 3.000%, 4/1/52 | 393,206 | ||||
93,598 | Federal National Mortgage Association, 3.000%, 5/1/52 | 81,919 | ||||
248,134 | Federal National Mortgage Association, 3.000%, 6/1/52 | 213,597 | ||||
384,628 | Federal National Mortgage Association, 3.000%, 6/1/52 | 331,001 | ||||
500,000 | Federal National Mortgage Association, 3.000%, 4/1/54 (TBA) | 430,106 | ||||
213,307 | Federal National Mortgage Association, 3.000%, 2/1/57 | 182,666 | ||||
4,860 | Federal National Mortgage Association, 3.500%, 10/1/41 | 4,487 | ||||
24,617 | Federal National Mortgage Association, 3.500%, 9/1/45 | 22,447 | ||||
70,134 | Federal National Mortgage Association, 3.500%, 10/1/45 | 64,442 | ||||
112,449 | Federal National Mortgage Association, 3.500%, 1/1/48 | 102,895 | ||||
119,329 | Federal National Mortgage Association, 3.500%, 5/1/49 | 109,892 | ||||
165,737 | Federal National Mortgage Association, 3.500%, 3/1/52 | 150,411 | ||||
418,284 | Federal National Mortgage Association, 3.500%, 3/1/52 | 375,939 | ||||
23,252 | Federal National Mortgage Association, 3.500%, 4/1/52 | 20,821 | ||||
90,105 | Federal National Mortgage Association, 3.500%, 4/1/52 | 80,928 | ||||
249,652 | Federal National Mortgage Association, 3.500%, 5/1/52 | 225,607 | ||||
2,000,000 | Federal National Mortgage Association, 3.500%, 4/1/54 (TBA) | 1,789,755 | ||||
116,333 | Federal National Mortgage Association, 3.500%, 8/1/58 | 103,247 | ||||
86,477 | Federal National Mortgage Association, 4.000%, 10/1/40 | 82,359 | ||||
10,336 | Federal National Mortgage Association, 4.000%, 12/1/40 | 9,839 | ||||
149,886 | Federal National Mortgage Association, 4.000%, 4/1/44 | 142,019 | ||||
231,593 | Federal National Mortgage Association, 4.000%, 7/1/51 | 215,856 | ||||
61,242 | Federal National Mortgage Association, 4.000%, 9/1/51 | 57,186 | ||||
800,000 | Federal National Mortgage Association, 4.000%, 4/1/54 (TBA) | 740,801 | ||||
157,992 | Federal National Mortgage Association, 4.500%, 9/1/43 | 154,948 | ||||
89,934 | Federal National Mortgage Association, 4.500%, 1/1/44 | 88,201 | ||||
900,000 | Federal National Mortgage Association, 4.500%, 4/1/54 (TBA) | 857,000 | ||||
20,257 | Federal National Mortgage Association, 5.000%, 5/1/31 | 20,207 | ||||
100,000 | Federal National Mortgage Association, 5.000%, 4/15/39 (TBA) | 99,846 | ||||
2,923 | Federal National Mortgage Association, 5.000%, 12/1/44 | 2,917 | ||||
275,890 | Federal National Mortgage Association, 5.000%, 8/1/52 | 269,740 | ||||
94,608 | Federal National Mortgage Association, 5.000%, 4/1/53 | 92,489 |
14
Pioneer Bond VCT Portfolio | Pioneer Variable Contracts Trust |
Schedule of Investments 3/31/24 (unaudited) (continued)
Principal Amount USD ($) | Value | |||||
U.S. Government and Agency Obligations — (continued) | ||||||
300,000 | Federal National Mortgage Association, 5.000%, 4/1/54 (TBA) | $ 292,699 | ||||
2,303 | Federal National Mortgage Association, 5.500%, 9/1/33 | 2,350 | ||||
2,694 | Federal National Mortgage Association, 5.500%, 12/1/34 | 2,743 | ||||
8,441 | Federal National Mortgage Association, 5.500%, 10/1/35 | 8,575 | ||||
800,000 | Federal National Mortgage Association, 5.500%, 4/15/39 (TBA) | 806,180 | ||||
186,376 | Federal National Mortgage Association, 5.500%, 4/1/50 | 188,195 | ||||
265,563 | Federal National Mortgage Association, 5.500%, 4/1/50 | 268,155 | ||||
96,390 | Federal National Mortgage Association, 5.500%, 1/1/53 | 96,690 | ||||
90,118 | Federal National Mortgage Association, 5.500%, 2/1/53 | 90,362 | ||||
88,875 | Federal National Mortgage Association, 5.500%, 4/1/53 | 88,660 | ||||
92,172 | Federal National Mortgage Association, 5.500%, 4/1/53 | 91,949 | ||||
98,072 | Federal National Mortgage Association, 5.500%, 4/1/53 | 97,803 | ||||
94,040 | Federal National Mortgage Association, 5.500%, 4/1/53 | 94,199 | ||||
97,547 | Federal National Mortgage Association, 5.500%, 7/1/53 | 98,090 | ||||
98,554 | Federal National Mortgage Association, 5.500%, 7/1/53 | 99,062 | ||||
1,251 | Federal National Mortgage Association, 6.000%, 9/1/29 | 1,273 | ||||
442 | Federal National Mortgage Association, 6.000%, 10/1/32 | 448 | ||||
1,776 | Federal National Mortgage Association, 6.000%, 11/1/32 | 1,802 | ||||
4,985 | Federal National Mortgage Association, 6.000%, 11/1/32 | 5,064 | ||||
6,035 | Federal National Mortgage Association, 6.000%, 4/1/33 | 6,157 | ||||
2,179 | Federal National Mortgage Association, 6.000%, 5/1/33 | 2,226 | ||||
3,210 | Federal National Mortgage Association, 6.000%, 6/1/33 | 3,259 | ||||
6,725 | Federal National Mortgage Association, 6.000%, 7/1/34 | 6,855 | ||||
869 | Federal National Mortgage Association, 6.000%, 9/1/34 | 886 | ||||
396 | Federal National Mortgage Association, 6.000%, 7/1/38 | 402 | ||||
105,339 | Federal National Mortgage Association, 6.000%, 1/1/53 | 108,432 | ||||
28,467 | Federal National Mortgage Association, 6.000%, 1/1/53 | 29,134 | ||||
94,346 | Federal National Mortgage Association, 6.000%, 4/1/53 | 95,622 | ||||
191,089 | Federal National Mortgage Association, 6.000%, 5/1/53 | 196,545 | ||||
91,633 | Federal National Mortgage Association, 6.000%, 5/1/53 | 93,633 | ||||
168,155 | Federal National Mortgage Association, 6.000%, 6/1/53 | 171,967 | ||||
96,264 | Federal National Mortgage Association, 6.000%, 7/1/53 | 97,908 | ||||
92,467 | Federal National Mortgage Association, 6.000%, 7/1/53 | 95,252 | ||||
95,176 | Federal National Mortgage Association, 6.000%, 7/1/53 | 98,738 | ||||
95,470 | Federal National Mortgage Association, 6.000%, 7/1/53 | 97,229 | ||||
192,806 | Federal National Mortgage Association, 6.000%, 8/1/53 | 196,617 | ||||
731,284 | Federal National Mortgage Association, 6.000%, 9/1/53 | 737,990 | ||||
105,346 | Federal National Mortgage Association, 6.000%, 2/1/54 | 106,298 | ||||
340 | Federal National Mortgage Association, 6.500%, 4/1/29 | 347 | ||||
487 | Federal National Mortgage Association, 6.500%, 2/1/32 | 506 | ||||
1,217 | Federal National Mortgage Association, 6.500%, 3/1/32 | 1,248 | ||||
2,071 | Federal National Mortgage Association, 6.500%, 4/1/32 | 2,128 | ||||
1,059 | Federal National Mortgage Association, 6.500%, 8/1/32 | 1,082 | ||||
720 | Federal National Mortgage Association, 6.500%, 8/1/32 | 736 | ||||
10,959 | Federal National Mortgage Association, 6.500%, 7/1/34 | 11,383 | ||||
188,212 | Federal National Mortgage Association, 6.500%, 3/1/53 | 195,005 | ||||
93,144 | Federal National Mortgage Association, 6.500%, 8/1/53 | 95,663 | ||||
99,259 | Federal National Mortgage Association, 6.500%, 8/1/53 | 102,807 | ||||
99,337 | Federal National Mortgage Association, 6.500%, 8/1/53 | 101,924 |
15
Pioneer Bond VCT Portfolio | Pioneer Variable Contracts Trust |
Principal Amount USD ($) | Value | |||||
U.S. Government and Agency Obligations — (continued) | ||||||
67,018 | Federal National Mortgage Association, 6.500%, 8/1/53 | $ 68,702 | ||||
289,009 | Federal National Mortgage Association, 6.500%, 9/1/53 | 298,999 | ||||
94,001 | Federal National Mortgage Association, 6.500%, 9/1/53 | 96,570 | ||||
100,000 | Federal National Mortgage Association, 6.500%, 3/1/54 | 102,951 | ||||
2,800,000 | Federal National Mortgage Association, 6.500%, 4/15/54 (TBA) | 2,860,531 | ||||
357 | Federal National Mortgage Association, 7.000%, 11/1/29 | 368 | ||||
273 | Federal National Mortgage Association, 7.000%, 7/1/31 | 282 | ||||
832 | Federal National Mortgage Association, 7.000%, 1/1/32 | 858 | ||||
205 | Federal National Mortgage Association, 7.500%, 2/1/31 | 210 | ||||
1,441 | Federal National Mortgage Association, 8.000%, 10/1/30 | 1,491 | ||||
300,000 | Government National Mortgage Association, 2.000%, 4/15/54 (TBA) | 245,734 | ||||
500,000 | Government National Mortgage Association, 2.500%, 4/15/54 (TBA) | 425,808 | ||||
600,000 | Government National Mortgage Association, 3.000%, 4/20/54 (TBA) | 529,064 | ||||
100,000 | Government National Mortgage Association, 3.500%, 4/15/54 (TBA) | 90,988 | ||||
0 | Government National Mortgage Association, 4.500%, 3/20/54 (TBA) | 0 | ||||
300,000 | Government National Mortgage Association, 5.000%, 4/15/54 (TBA) | 294,827 | ||||
400,000 | Government National Mortgage Association, 5.500%, 4/15/54 (TBA) | 399,624 | ||||
700,000 | Government National Mortgage Association, 6.000%, 4/15/54 (TBA) | 706,118 | ||||
600,000 | Government National Mortgage Association, 6.500%, 4/15/54 (TBA) | 610,004 | ||||
80,082 | Government National Mortgage Association I, 3.500%, 11/15/41 | 74,866 | ||||
28,310 | Government National Mortgage Association I, 3.500%, 8/15/42 | 26,361 | ||||
10,152 | Government National Mortgage Association I, 3.500%, 10/15/42 | 9,453 | ||||
31,027 | Government National Mortgage Association I, 3.500%, 1/15/45 | 28,889 | ||||
20,452 | Government National Mortgage Association I, 3.500%, 8/15/46 | 18,967 | ||||
9,978 | Government National Mortgage Association I, 4.000%, 1/15/25 | 9,878 | ||||
48,108 | Government National Mortgage Association I, 4.000%, 8/15/43 | 47,206 | ||||
59,229 | Government National Mortgage Association I, 4.000%, 3/15/44 | 56,316 | ||||
11,214 | Government National Mortgage Association I, 4.000%, 9/15/44 | 10,661 | ||||
23,755 | Government National Mortgage Association I, 4.000%, 4/15/45 | 22,584 | ||||
35,042 | Government National Mortgage Association I, 4.000%, 6/15/45 | 33,475 | ||||
3,892 | Government National Mortgage Association I, 4.000%, 7/15/45 | 3,691 | ||||
6,393 | Government National Mortgage Association I, 4.000%, 8/15/45 | 6,052 | ||||
22,006 | Government National Mortgage Association I, 4.500%, 5/15/39 | 21,659 | ||||
784 | Government National Mortgage Association I, 4.500%, 8/15/41 | 763 | ||||
3,428 | Government National Mortgage Association I, 5.500%, 3/15/33 | 3,495 | ||||
4,032 | Government National Mortgage Association I, 5.500%, 7/15/33 | 4,132 | ||||
10,424 | Government National Mortgage Association I, 5.500%, 8/15/33 | 10,681 | ||||
6,266 | Government National Mortgage Association I, 5.500%, 10/15/34 | 6,398 | ||||
2,247 | Government National Mortgage Association I, 6.000%, 4/15/28 | 2,283 | ||||
1,409 | Government National Mortgage Association I, 6.000%, 2/15/29 | 1,430 | ||||
3,691 | Government National Mortgage Association I, 6.000%, 9/15/32 | 3,797 | ||||
1,025 | Government National Mortgage Association I, 6.000%, 10/15/32 | 1,040 | ||||
8,348 | Government National Mortgage Association I, 6.000%, 11/15/32 | 8,589 | ||||
3,980 | Government National Mortgage Association I, 6.000%, 11/15/32 | 4,020 | ||||
2,503 | Government National Mortgage Association I, 6.000%, 1/15/33 | 2,573 | ||||
7,259 | Government National Mortgage Association I, 6.000%, 12/15/33 | 7,477 | ||||
3,177 | Government National Mortgage Association I, 6.000%, 8/15/34 | 3,292 | ||||
6,651 | Government National Mortgage Association I, 6.000%, 8/15/34 | 6,815 | ||||
202 | Government National Mortgage Association I, 6.500%, 3/15/26 | 205 |
16
Pioneer Bond VCT Portfolio | Pioneer Variable Contracts Trust |
Schedule of Investments 3/31/24 (unaudited) (continued)
Principal Amount USD ($) | Value | |||||
U.S. Government and Agency Obligations — (continued) | ||||||
1,055 | Government National Mortgage Association I, 6.500%, 6/15/28 | $ 1,073 | ||||
3,203 | Government National Mortgage Association I, 6.500%, 5/15/29 | 3,278 | ||||
1,114 | Government National Mortgage Association I, 6.500%, 5/15/29 | 1,133 | ||||
6,617 | Government National Mortgage Association I, 6.500%, 7/15/31 | 6,806 | ||||
2,149 | Government National Mortgage Association I, 6.500%, 9/15/31 | 2,219 | ||||
4,138 | Government National Mortgage Association I, 6.500%, 10/15/31 | 4,226 | ||||
1,724 | Government National Mortgage Association I, 6.500%, 12/15/31 | 1,759 | ||||
761 | Government National Mortgage Association I, 6.500%, 12/15/31 | 784 | ||||
460 | Government National Mortgage Association I, 6.500%, 4/15/32 | 477 | ||||
253 | Government National Mortgage Association I, 6.500%, 4/15/32 | 258 | ||||
375 | Government National Mortgage Association I, 6.500%, 6/15/32 | 382 | ||||
963 | Government National Mortgage Association I, 6.500%, 6/15/32 | 988 | ||||
2,462 | Government National Mortgage Association I, 6.500%, 7/15/32 | 2,546 | ||||
6,653 | Government National Mortgage Association I, 6.500%, 12/15/32 | 6,796 | ||||
5,007 | Government National Mortgage Association I, 7.000%, 7/15/26 | 4,992 | ||||
318 | Government National Mortgage Association I, 7.000%, 9/15/27 | 319 | ||||
5,823 | Government National Mortgage Association I, 7.000%, 2/15/28 | 5,801 | ||||
485 | Government National Mortgage Association I, 7.000%, 11/15/28 | 485 | ||||
1,261 | Government National Mortgage Association I, 7.000%, 1/15/29 | 1,270 | ||||
837 | Government National Mortgage Association I, 7.000%, 6/15/29 | 834 | ||||
237 | Government National Mortgage Association I, 7.000%, 7/15/29 | 238 | ||||
624 | Government National Mortgage Association I, 7.000%, 7/15/29 | 625 | ||||
433 | Government National Mortgage Association I, 7.000%, 12/15/30 | 434 | ||||
1,061 | Government National Mortgage Association I, 7.000%, 2/15/31 | 1,064 | ||||
1,059 | Government National Mortgage Association I, 7.000%, 8/15/31 | 1,096 | ||||
1,039 | Government National Mortgage Association I, 7.500%, 10/15/29 | 1,039 | ||||
2,140 | Government National Mortgage Association II, 3.500%, 3/20/45 | 1,921 | ||||
3,933 | Government National Mortgage Association II, 3.500%, 4/20/45 | 3,617 | ||||
12,866 | Government National Mortgage Association II, 3.500%, 4/20/45 | 11,849 | ||||
7,278 | Government National Mortgage Association II, 3.500%, 4/20/45 | 6,688 | ||||
30,738 | Government National Mortgage Association II, 3.500%, 1/20/46 | 28,409 | ||||
13,921 | Government National Mortgage Association II, 3.500%, 3/20/46 | 12,859 | ||||
57,307 | Government National Mortgage Association II, 3.500%, 11/20/46 | 52,933 | ||||
7,398 | Government National Mortgage Association II, 4.000%, 8/20/39 | 7,114 | ||||
9,204 | Government National Mortgage Association II, 4.000%, 7/20/42 | 8,850 | ||||
115,608 | Government National Mortgage Association II, 4.000%, 7/20/44 | 111,042 | ||||
11,485 | Government National Mortgage Association II, 4.000%, 9/20/44 | 11,029 | ||||
12,149 | Government National Mortgage Association II, 4.000%, 3/20/46 | 11,597 | ||||
36,450 | Government National Mortgage Association II, 4.000%, 10/20/46 | 34,688 | ||||
27,668 | Government National Mortgage Association II, 4.000%, 2/20/48 | 26,022 | ||||
35,275 | Government National Mortgage Association II, 4.000%, 4/20/48 | 33,177 | ||||
3,443 | Government National Mortgage Association II, 4.500%, 9/20/41 | 3,392 | ||||
19,161 | Government National Mortgage Association II, 4.500%, 5/20/43 | 18,881 | ||||
61,237 | Government National Mortgage Association II, 4.500%, 1/20/44 | 60,418 | ||||
41,273 | Government National Mortgage Association II, 4.500%, 9/20/44 | 40,746 | ||||
15,927 | Government National Mortgage Association II, 4.500%, 10/20/44 | 15,714 | ||||
30,506 | Government National Mortgage Association II, 4.500%, 11/20/44 | 30,098 | ||||
78,325 | Government National Mortgage Association II, 4.500%, 2/20/48 | 76,358 | ||||
94,013 | Government National Mortgage Association II, 5.500%, 9/20/52 | 94,032 |
17
Pioneer Bond VCT Portfolio | Pioneer Variable Contracts Trust |
Principal Amount USD ($) | Value | |||||
U.S. Government and Agency Obligations — (continued) | ||||||
4,086 | Government National Mortgage Association II, 6.000%, 11/20/33 | $ 4,214 | ||||
580 | Government National Mortgage Association II, 6.500%, 8/20/28 | 590 | ||||
1,025 | Government National Mortgage Association II, 6.500%, 12/20/28 | 1,043 | ||||
692 | Government National Mortgage Association II, 6.500%, 9/20/31 | 717 | ||||
390 | Government National Mortgage Association II, 7.000%, 5/20/26 | 398 | ||||
1,775 | Government National Mortgage Association II, 7.000%, 2/20/29 | 1,814 | ||||
361 | Government National Mortgage Association II, 7.000%, 1/20/31 | 377 | ||||
126 | Government National Mortgage Association II, 7.500%, 8/20/27 | 127 | ||||
21 | Government National Mortgage Association II, 8.000%, 8/20/25 | 21 | ||||
3,500,000(i) | U.S. Treasury Bills, 4/2/24 | 3,499,492 | ||||
10,000,000(i) | U.S. Treasury Bills, 4/23/24 | 9,967,794 | ||||
8,275,600 | U.S. Treasury Bonds, 2.250%, 2/15/52 | 5,443,470 | ||||
1,683,800 | U.S. Treasury Bonds, 3.000%, 2/15/48 | 1,316,982 | ||||
1,614,200 | U.S. Treasury Bonds, 4.375%, 8/15/43 | 1,595,031 | ||||
1,127,817 | U.S. Treasury Inflation Indexed Bonds, 1.500%, 2/15/53 | 984,345 | ||||
1,065,000 | U.S. Treasury Notes, 4.250%, 2/28/29 | 1,066,414 | ||||
600,000 | U.S. Treasury Notes, 4.500%, 9/30/30 | 613,148 | ||||
Total U.S. Government and Agency Obligations (Cost $70,121,168) | $68,632,437 | |||||
Shares | ||||||
SHORT TERM INVESTMENTS — 0.8% of Net Assets | ||||||
Open-End Fund — 0.8% | ||||||
1,055,615(j) | Dreyfus Government Cash Management, Institutional Shares, 5.20% | $ 1,055,615 | ||||
$1,055,615 | ||||||
TOTAL SHORT TERM INVESTMENTS (Cost $1,055,615) | $1,055,615 | |||||
TOTAL INVESTMENTS IN UNAFFILIATED ISSUERS — 108.0% (Cost $151,970,070) | $144,179,410 |
Net Realized Gain (Loss) for the period ended 3/31/24 | Change in Unrealized Appreciation (Depreciation) for the period ended 3/31/24 | Capital Gain Distributions for the period ended 3/31/24 | Dividend Income for the period ended 3/31/24 | Value | ||
Affiliated Issuer — 2.6% | ||||||
Closed-End Fund — 2.6% of Net Assets | ||||||
380,919(k) | Pioneer ILS Interval Fund | $— | $140,940 | $— | $— | $ 3,382,563 |
Total Investments in Affiliated Issuer — 2.6% (Cost $3,756,107) | $3,382,563 |
18
Pioneer Bond VCT Portfolio | Pioneer Variable Contracts Trust |
Schedule of Investments 3/31/24 (unaudited) (continued)
Principal Amount USD ($) | Value | |||||
TBA SALES COMMITMENTS — (0.1)% of Net Assets | ||||||
U.S. Government and Agency Obligations — (0.1)% | ||||||
(100,000) | Federal National Mortgage Association, 6.000%, 4/1/54 (TBA) | $ (100,910) | ||||
TOTAL TBA SALES COMMITMENTS (Proceeds $100,805) | $(100,910) | |||||
OTHER ASSETS AND LIABILITIES — (10.5)% | $(13,972,561) | |||||
net assets — 100.0% | $133,488,502 | |||||
(TBA) | “To Be Announced” Securities. |
bps | Basis Points. |
CMT | Constant Maturity Treasury Index. |
FREMF | Freddie Mac Multifamily Fixed-Rate Mortgage Loans. |
FRESB | Freddie Mac Multifamily Small Balance Certificates. |
LIBOR | London Interbank Offered Rate. |
PRIME | U.S. Federal Funds Rate. |
REIT | Real Estate Investment Trust. |
REMICs | Real Estate Mortgage Investment Conduits. |
SOFR | Secured Overnight Financing Rate. |
SOFR30A | Secured Overnight Financing Rate 30 Day Average. |
(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 March 31, 2024, the value of these securities amounted to $41,081,013, or 30.8% of net assets. |
(a) | Floating rate note. Coupon rate, reference index and spread shown at March 31, 2024. |
(b) | This term loan will settle after March 31, 2024, at which time the interest rate will be determined. |
(c) | The interest rate is subject to change periodically. The interest rate and/or reference index and spread shown at March 31, 2024. |
(d) | Debt obligation initially issued at one coupon which converts to a higher coupon at a specific date. The rate shown is the rate at March 31, 2024. |
(e) | Security represents the interest-only portion payments on a pool of underlying mortgages or mortgage-backed securities. |
(f) | Security is perpetual in nature and has no stated maturity date. |
(g) | Non-income producing security. |
(h) | Issued as preference shares. |
(i) | Security issued with a zero coupon. Income is recognized through accretion of discount. |
(j) | Rate periodically changes. Rate disclosed is the 7-day yield at March 31, 2024. |
(k) | Pioneer ILS Interval Fund is an affiliated closed-end fund managed by Amundi Asset Management US, Inc., (the “Adviser”). |
* | Senior secured floating rate loan interests in which the Portfolio invests generally pay interest at rates that are periodically re-determined by reference to a base lending rate plus a premium. These base lending rates are generally (i) the lending rate offered by one or more major European banks, such as LIBOR or SOFR, (ii) the prime rate offered by one or more major United States banks, (iii) the rate of a certificate of deposit or (iv) other base lending rates used by commercial lenders. The interest rate shown is the rate accruing at March 31, 2024. |
+ | Security is valued using significant unobservable inputs (Level 3). |
† | Amount rounds to less than 0.1%. |
# | Securities are restricted as to resale. |
Restricted Securities | Acquisition date | Cost | Value |
Lorenz Re 2019 | 7/10/2019 | $ 4,216 | $ 239 |
% of Net assets | 0.0%† |
† | Amount rounds to less than 0.1%. |
19
Pioneer Bond VCT Portfolio | Pioneer Variable Contracts Trust |
FUTURES CONTRACTS
FIXED INCOME INDEX FUTURES CONTRACTS
FIXED INCOME INDEX FUTURES CONTRACTS
Number of Contracts Long | Description | Expiration Date | Notional Amount | Market Value | Unrealized Appreciation (Depreciation) |
33 | U.S. 2 Year Note (CBT) | 6/28/24 | $6,753,994 | $6,747,984 | $(6,010) |
336 | U.S. 5 Year Note (CBT) | 6/28/24 | 35,863,516 | 35,957,252 | 93,736 |
$42,617,510 | $42,705,236 | $87,726 |
Number of Contracts Short | Description | Expiration Date | Notional Amount | Market Value | Unrealized (Depreciation) |
6 | U.S. 10 Year Note (CBT) | 6/18/24 | $(662,531) | $(664,781) | $(2,250) |
22 | U.S. 10 Year Ultra Bond (CBT) | 6/18/24 | (2,509,061) | (2,521,406) | (12,345) |
3 | U.S. Long Bond (CBT) | 6/18/24 | (357,118) | (361,313) | (4,195) |
24 | U.S. Ultra Bond (CBT) | 6/18/24 | (3,059,935) | (3,096,000) | (36,065) |
$(6,588,645) | $(6,643,500) | $(54,855) | |||
TOTAL FUTURES CONTRACTS | $36,028,865 | $36,061,736 | $32,871 |
SWAP CONTRACTS
CENTRALLY CLEARED CREDIT DEFAULT SWAP CONTRACTS – BUY PROTECTION | ||||||||
Notional Amount ($)(1) | Reference Obligation/Index | Pay/ Receive(2) | Annual Fixed Rate | Expiration Date | Premiums (Received) | Unrealized (Depreciation) | Market Value | |
5,811,300 | Markit CDX North America High Yield Index Series 41 | Pay | 5.00% | 12/20/28 | $(50,513) | $(389,064) | $(439,577) | |
2,900,000 | Markit CDX North America High Yield Index Series 42 | Pay | 5.00% | 6/20/29 | (209,702) | (4,169) | (213,871) | |
TOTAL CENTRALLY CLEARED CREDIT DEFAULT SWAP CONTRACTS – BUY PROTECTION | $(260,215) | $(393,233) | $(653,448) |
(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. |
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, 2024 in valuing the Portfolio’s investments:
Level 1 | Level 2 | Level 3 | Total | |
Senior Secured Floating Rate Loan Interests | $— | $376,622 | $— | $376,622 |
Asset Backed Securities | — | 9,705,080 | — | 9,705,080 |
Collateralized Mortgage Obligations | — | 9,949,606 | — | 9,949,606 |
Commercial Mortgage-Backed Securities | — | 5,541,399 | —* | 5,541,399 |
Corporate Bonds | — | 48,720,912 | — | 48,720,912 |
Insurance-Linked Securities | ||||
Reinsurance Sidecars | — | — | 239 | 239 |
Foreign Government Bond | — | 197,500 | — | 197,500 |
U.S. Government and Agency Obligations | — | 68,632,437 | — | 68,632,437 |
Open-End Fund | 1,055,615 | — | — | 1,055,615 |
Affiliated Closed-End Fund | 3,382,563 | — | — | 3,382,563 |
Total Investments in Securities | $4,438,178 | $143,123,556 | $239 | $147,561,973 |
Liabilities | ||||
TBA Sales Commitments | $— | $(100,910) | $— | $(100,910) |
Total Liabilities | $— | $(100,910) | $— | $(100,910) |
20
Pioneer Bond VCT Portfolio | Pioneer Variable Contracts Trust |
Schedule of Investments 3/31/24 (unaudited) (continued)
Level 1 | Level 2 | Level 3 | Total | |
Other Financial Instruments | ||||
Net unrealized appreciation on futures contracts | $32,871 | $— | $— | $32,871 |
Centrally cleared swap contracts^ | — | (393,233) | — | (393,233) |
Total Other Financial Instruments | $32,871 | $(393,233) | $— | $(360,362) |
* | Securities valued at $0. |
^ | Reflects the unrealized appreciation (depreciation) of the instruments. |
During the period ended March 31, 2024, there were no transfers in or out of Level 3.
21