Pioneer Variable Contracts Trust
Pioneer Equity Income
VCT Portfolio
Class I and II Shares
Schedule of Investments | March 31, 2024
Pioneer Equity Income VCT Portfolio | Pioneer Variable Contracts Trust |
Schedule of Investments 3/31/24 (unaudited)
Shares | Value | |||||
UNAFFILIATED ISSUERS — 100.2% | ||||||
Common Stocks — 99.0% of Net Assets | ||||||
Air Freight & Logistics — 3.4% | ||||||
19,364 | United Parcel Service, Inc., Class B | $ 2,878,071 | ||||
Total Air Freight & Logistics | $2,878,071 | |||||
Automobile Components — 1.6% | ||||||
11,019 | Autoliv, Inc. | $ 1,327,018 | ||||
Total Automobile Components | $1,327,018 | |||||
Automobiles — 1.5% | ||||||
95,081 | Ford Motor Co. | $ 1,262,676 | ||||
Total Automobiles | $1,262,676 | |||||
Banks — 10.9% | ||||||
46,868 | Bank of America Corp. | $ 1,777,235 | ||||
7,741 | JPMorgan Chase & Co. | 1,550,522 | ||||
52,468 | Truist Financial Corp. | 2,045,203 | ||||
65,114 | Wells Fargo & Co. | 3,774,007 | ||||
Total Banks | $9,146,967 | |||||
Biotechnology — 1.1% | ||||||
12,324 | Gilead Sciences, Inc. | $ 902,733 | ||||
Total Biotechnology | $902,733 | |||||
Broadline Retail — 2.1% | ||||||
33,326 | eBay, Inc. | $ 1,758,946 | ||||
Total Broadline Retail | $1,758,946 | |||||
Capital Markets — 8.8% | ||||||
17,293 | Morgan Stanley | $ 1,628,309 | ||||
24,062 | Northern Trust Corp. | 2,139,593 | ||||
15,405 | Raymond James Financial, Inc. | 1,978,310 | ||||
20,813 | State Street Corp. | 1,609,261 | ||||
Total Capital Markets | $7,355,473 | |||||
Chemicals — 2.4% | ||||||
20,138 | LyondellBasell Industries NV, Class A | $ 2,059,715 | ||||
Total Chemicals | $2,059,715 | |||||
Communications Equipment — 3.2% | ||||||
53,794 | Cisco Systems, Inc. | $ 2,684,859 | ||||
Total Communications Equipment | $2,684,859 | |||||
Consumer Staples Distribution & Retail — 3.4% | ||||||
10,146 | Target Corp. | $ 1,797,973 | ||||
47,764 | Walgreens Boots Alliance, Inc. | 1,036,001 | ||||
Total Consumer Staples Distribution & Retail | $2,833,974 | |||||
Diversified Telecommunication Services — 1.3% | ||||||
25,125 | Verizon Communications, Inc. | $ 1,054,245 | ||||
Total Diversified Telecommunication Services | $1,054,245 | |||||
Electric Utilities — 1.0% | ||||||
13,526 | Eversource Energy | $ 808,449 | ||||
Total Electric Utilities | $808,449 |
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Pioneer Equity Income VCT Portfolio | Pioneer Variable Contracts Trust |
Shares | Value | |||||
Electrical Equipment — 1.1% | ||||||
3,083 | Rockwell Automation, Inc. | $ 898,170 | ||||
Total Electrical Equipment | $898,170 | |||||
Entertainment — 3.1% | ||||||
21,357 | Walt Disney Co. | $ 2,613,243 | ||||
Total Entertainment | $2,613,243 | |||||
Food Products — 4.3% | ||||||
5,706 | Hershey Co. | $ 1,109,817 | ||||
5,876 | John B Sanfilippo & Son, Inc. | 622,386 | ||||
20,654 | Kellanova | 1,183,267 | ||||
19,842 | Kraft Heinz Co. | 732,170 | ||||
Total Food Products | $3,647,640 | |||||
Ground Transportation — 1.5% | ||||||
5,255 | Union Pacific Corp. | $ 1,292,362 | ||||
Total Ground Transportation | $1,292,362 | |||||
Health Care Equipment & Supplies — 1.3% | ||||||
12,088 | Medtronic Plc | $ 1,053,469 | ||||
Total Health Care Equipment & Supplies | $1,053,469 | |||||
Health Care Providers & Services — 0.9% | ||||||
5,478 | Quest Diagnostics, Inc. | $ 729,177 | ||||
Total Health Care Providers & Services | $729,177 | |||||
Household Durables — 0.5% | ||||||
3,790 | Whirlpool Corp. | $ 453,398 | ||||
Total Household Durables | $453,398 | |||||
Household Products — 1.2% | ||||||
7,847 | Kimberly-Clark Corp. | $ 1,015,009 | ||||
Total Household Products | $1,015,009 | |||||
Industrial Conglomerates — 0.3% | ||||||
2,174 | 3M Co. | $ 230,596 | ||||
Total Industrial Conglomerates | $230,596 | |||||
Industrial REITs — 1.0% | ||||||
6,412 | Prologis, Inc. | $ 834,971 | ||||
Total Industrial REITs | $834,971 | |||||
Insurance — 3.5% | ||||||
18,872 | American International Group, Inc. | $ 1,475,224 | ||||
26,553 | Sun Life Financial, Inc. | 1,449,263 | ||||
Total Insurance | $2,924,487 | |||||
Interactive Media & Services — 0.5% | ||||||
2,970(a) | Alphabet, Inc., Class A | $ 448,262 | ||||
Total Interactive Media & Services | $448,262 | |||||
IT Services — 2.4% | ||||||
10,765 | International Business Machines Corp. | $ 2,055,684 | ||||
Total IT Services | $2,055,684 | |||||
Machinery — 5.7% | ||||||
4,432 | Deere & Co. | $ 1,820,400 |
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Pioneer Equity Income VCT Portfolio | Pioneer Variable Contracts Trust |
Schedule of Investments 3/31/24 (unaudited) (continued)
Shares | Value | |||||
Machinery — (continued) | ||||||
41,235 | Gorman-Rupp Co. | $ 1,630,844 | ||||
10,846 | Oshkosh Corp. | 1,352,605 | ||||
Total Machinery | $4,803,849 | |||||
Metals & Mining — 3.3% | ||||||
4,771 | Materion Corp. | $ 628,579 | ||||
34,823 | Newmont Corp. | 1,248,057 | ||||
2,640 | Reliance, Inc. | 882,235 | ||||
Total Metals & Mining | $2,758,871 | |||||
Multi-Utilities — 1.6% | ||||||
22,992 | CMS Energy Corp. | $ 1,387,337 | ||||
Total Multi-Utilities | $1,387,337 | |||||
Oil, Gas & Consumable Fuels — 9.7% | ||||||
11,922 | ConocoPhillips | $ 1,517,432 | ||||
90,013 | Coterra Energy, Inc. | 2,509,562 | ||||
35,291 | Exxon Mobil Corp. | 4,102,226 | ||||
Total Oil, Gas & Consumable Fuels | $8,129,220 | |||||
Pharmaceuticals — 8.6% | ||||||
21,247 | Johnson & Johnson | $ 3,361,063 | ||||
13,671 | Merck & Co., Inc. | 1,803,888 | ||||
15,358 | Pfizer, Inc. | 426,185 | ||||
34,088 | Sanofi S.A. (A.D.R.) | 1,656,677 | ||||
Total Pharmaceuticals | $7,247,813 | |||||
Residential REITs — 1.1% | ||||||
9,404 | Camden Property Trust | $ 925,354 | ||||
Total Residential REITs | $925,354 | |||||
Semiconductors & Semiconductor Equipment — 1.9% | ||||||
19,555 | Intel Corp. | $ 863,744 | ||||
8,346 | Microchip Technology, Inc. | 748,720 | ||||
Total Semiconductors & Semiconductor Equipment | $1,612,464 | |||||
Specialty Retail — 2.5% | ||||||
3,303 | Lowe's Cos., Inc. | $ 841,373 | ||||
12,246 | TJX Cos., Inc. | 1,241,989 | ||||
Total Specialty Retail | $2,083,362 | |||||
Technology Hardware, Storage & Peripherals — 1.3% | ||||||
37,360 | HP, Inc. | $ 1,129,019 | ||||
Total Technology Hardware, Storage & Peripherals | $1,129,019 | |||||
Water Utilities — 1.0% | ||||||
6,698 | American Water Works Co., Inc. | $ 818,563 | ||||
Total Water Utilities | $818,563 | |||||
Total Common Stocks (Cost $68,570,939) | $83,165,446 | |||||
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Pioneer Equity Income VCT Portfolio | Pioneer Variable Contracts Trust |
Shares | Value | |||||
SHORT TERM INVESTMENTS — 1.2% of Net Assets | ||||||
Open-End Fund — 1.2% | ||||||
993,521(b) | Dreyfus Government Cash Management, Institutional Shares, 5.20% | $ 993,521 | ||||
$993,521 | ||||||
TOTAL SHORT TERM INVESTMENTS (Cost $993,521) | $993,521 | |||||
TOTAL INVESTMENTS IN UNAFFILIATED ISSUERS — 100.2% (Cost $69,564,460) | $84,158,967 | |||||
OTHER ASSETS AND LIABILITIES — (0.2)% | $(148,782) | |||||
net assets — 100.0% | $84,010,185 | |||||
(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 March 31, 2024. |
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 | |
Common Stocks | $83,165,446 | $— | $— | $83,165,446 |
Open-End Fund | 993,521 | — | — | 993,521 |
Total Investments in Securities | $84,158,967 | $— | $— | $84,158,967 |
During the period ended March 31, 2024, there were no transfers in or out of Level 3.
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