Pioneer Absolute Return Bond Fund

Top 10 Portfolio Holdings as of 3/31/2016
Default: sorted by market value

Security Name Par / Shares Market Value
5y Cdx Ig25 Rtp 115 04/20/2016 Put Fixed 20 Apr 2016 Usd 115% (Swp 20 Sep 2015 Right To Pay Fixed) 2,200,000 $637
5y Cdx Ig25 Rtp 130 04/20/2016 Put Fixed 20 Apr 2016 Usd 130% (Swp 20 Sep 2015 Right To Pay Fixed) -2,200,000 $-306
5y Itraxx S24 Rtp 105 04/20/2016 Put Fixed 20 Apr 2016 Eur 105% (Swp 20 Sep 2015 Right To Pay Fixed) 1,900,000 $79
5y Itraxx S24 Rtp 120 04/20/2016 Put Fixed 20 Apr 2016 Eur 120% (Swp 20 Sep 2015 Right To Pay Fixed) -1,900,000 $-17
Cswap: Sek/Chf 16-Jan-2024 Sek 5,497,600 $6,620
Deutsche Bundesrepublik Inflation Linked Bond, 0.1%, 4/15/46 180,000 $239,253
Fixed 13 Mar 2027 Usd 2.74% (Swp 09 Mar 2017 Right To Pay Fixed) 500,000 $2,276
Fixed 15 Feb 2027 Eur 0.97% (Swp 13 Feb 2017 Right To Pay Fixed) 625,000 $8,766
Fixed 15 Feb 2027 Eur 0.97% (Swp 13 Feb 2017 Right To Receive Fixed) 625,000 $28,285
Fixed 19 Jul 2018 Usd 1.1% (Swp 15 Jul 2016 Right To Pay Fixed) 5,300,000 $5,940
Fixed 19 Jul 2018 Usd 1.4% (Swp 15 Jul 2016 Right To Pay Fixed) -7,950,000 $-1,736
Fswp: Aud 2.960500 09-Mar-2026 Aud Sell 379,000 $-429
Fswp: Aud 2.985000 10-Feb-2026 Aud Sell 74,000 $-161
Fswp: Aud 3.150000 05-Feb-2025 Aud Sell 618,000 $-7,158
Fswp: Aud 3.285000 13-Jan-2025 Aud Sell 588,500 $-9,588
Fswp: Eur 0.980000 16-Feb-2065 Eur Sell -510,000 $-16,547
Fswp: Eur 1.320000 16-Feb-2055 Eur Buy 400,000 $13,162
Fswp: Eur 1.488200 15-Dec-2064 Eur Sell -230,000 $-16,212
Fswp: Eur 1.537500 15-Dec-2064 Eur Sell -970,000 $-71,984
Fswp: Eur 1.800000 15-Dec-2054 Eur Buy 660,000 $47,259
Fswp: Eur 1.821800 15-Dec-2054 Eur Buy 310,000 $22,746
Fswp: Gbp 0.934000 02-Mar-2020 Gbp Sell -1,200,000 $2,221
Fswp: Nzd 3.635500 10-Mar-2026 Nzd Buy 400,333 $1,191
Fswp: Nzd 3.770000 07-Feb-2025 Nzd Buy 711,000 $8,411
Fswp: Nzd 3.850000 13-Jan-2025 Nzd Buy 702,000 $10,221
Fswp: Ois 0.767000 25-Nov-2024 Eur Buy 1,310,000 $85,453
Fswp: Ois 1.277000 20-Mar-2045 Eur Buy 275,000 $33,107
Fswp: Sek 1.385000 15-Mar-2026 Sek Sell 2,300,000 $-1,980
Fswp: Sek 1.405000 15-Mar-2026 Sek Sell 2,275,000 $-2,443
Fswp: Usd 1.810000 23-Jan-2019 Usd Buy 3,150,000 $48,332
Fswp: Usd 2.251800 28-Nov-2018 Usd Buy 530,000 $13,085
Fswp: Usd 2.347500 23-Jan-2023 Usd Sell -1,630,000 $-39,161
Fswp: Usd 3.044200 28-Nov-2022 Usd Sell -1,690,000 $-87,377
Fx Vanilla Option Call Usd/Put Cny 6.4 25 10 2016 Cn 250,000 $7,668
Fx Vanilla Option Call Usd/Put Cny 6.4 25 10 2016 Cn 230,000 $7,055
Fx Vanilla Option Call Usd/Put Cny 6.4 25 10 2016 Cn 250,000 $7,668
Fx Vanilla Option Call Usd/Put Cny 7 23 08 2016 Cn -80,000 $-383
Fx Vanilla Option Call Usd/Put Jpy 115 13 04 2016 Jp 180,000 $141
Fx Vanilla Option Call Usd/Put Try 3.7 28 06 2016 Tr -130,000 $-40
Fx Vanilla Option Put Eur/Call Usd 1.128 01 04 2016 Us 150,000 $92
Fx Vanilla Option Put Usd/Call Clp 700 17 11 2016 Cl 60,000 $3,270
Fx Vanilla Option Put Usd/Call Try 2.65 28 06 2016 Tr 130,000 $183
Ice: (Itraxx.Eur.24.V1) Eur 20dec20 Z91vrepv0 1,700,000 $25,013
Ireland Government Bond, 2.4%, 5/15/30 439,000 $593,058
Italy Buoni Poliennali Del Tesoro, 2.7%, 3/1/47 500,000 $608,915
Itraxx Main S24 Rtr 85 04/20/2016 Fixed 20 Apr 2016 Eur 85% (Swp 15 Dec 2015 Right To Receive Fixed) -3,400,000 $-21,804
Itraxx Main S24 Rtr 95 04/20/2016 Fixed 20 Apr 2016 Eur 95% (Swp 15 Dec 2015 Right To Receive Fixed) 1,700,000 $19,168
Japanese Government CPI Linked Bond, 0.1%, 3/10/24 2,500,000 $23,477
Japanese Government CPI Linked Bond, 0.1%, 9/10/23 34,500,000 $326,085
Norway Government Bond, 1.75%, 3/13/25 3,060,000 $391,116
Swp: Aud 2.742500 03-Feb-2026 Aud Buy 246,750 $2,407
Swp: Aud 2.842500 25-Jan-2026 Aud Buy 300,000 $4,988
Swp: Aud 2.877500 13-Jan-2026 Aud Buy 638,000 $12,195
Swp: Aud 2.987500 26-Nov-2025 Aud Buy 640,000 $17,580
Swp: Cad 0.987000 07-Mar-2021 Cad Sell 168,000 $-121
Swp: Cad 1.263000 17-Jul-2020 Cad Sell 1,154,000 $-13,170
Swp: Cad 1.273000 17-Jul-2020 Cad Sell 1,154,000 $-13,562
Swp: Cny 2.210000 25-Jan-2018 Cny Sell 6,850,000 $927
Swp: Cny 2.210000 29-Jan-2018 Cny Sell 6,800,000 $786
Swp: Eur 0.878700 12-Jan-2026 Eur Sell -780,000 $-32,677
Swp: Eur 0.923700 20-Mar-2045 Eur Sell -1,375,000 $22,267
Swp: Eur 1.517200 12-Jan-2046 Eur Sell -300,000 $-45,103
Swp: Eur 1.655700 20-Mar-2045 Eur Sell -250,000 $-46,005
Swp: Hkd 1.505000 19-Feb-2021 Hkd Sell 3,200,000 $-3,691
Swp: Hkd 1.540000 18-Feb-2021 Hkd Sell 6,300,000 $-8,653
Swp: Ifs 0.860000 01-Dec-2018 Eur Sell 800,000 $-12,586
Swp: Ifs 1.547500 30-Jun-2025 Eur Buy 510,000 $39,668
Swp: Inr 6.550000 17-Mar-2018 Inr Buy 140,000,000 $355
Swp: Jpy 0.020370 22-Feb-2023 Jpy Sell -120,000,000 $-740
Swp: Jpy 0.622500 10-Oct-2024 Jpy Sell -25,320,000 $-10,849
Swp: Jpy 0.648010 04-Apr-2046 Jpy Sell -14,000,000 $-1,547
Swp: Ois 0.738800 20-Mar-2045 Eur Buy 1,105,000 $-37,685
Swp: Ois 1.271300 21-Jan-2036 Eur Buy 810,000 $84,728
Swp: Ois 1.285300 12-Jan-2036 Eur Buy 790,000 $85,389
Swp: Ois 1.491000 20-Mar-2045 Eur Buy 200,000 $39,925
Swp: Sek 0.420000 02-Dec-2020 Sek Buy 2,265,000 $3,343
Swp: Sek 0.427500 25-Nov-2020 Sek Buy 2,330,000 $3,612
Swp: Sek 0.460000 21-Aug-2020 Sek Buy 2,252,000 $4,803
Swp: Sek 0.492500 17-Nov-2020 Sek Buy 2,295,000 $4,546
Swp: Sek 0.500000 11-Aug-2020 Sek Buy 4,900,000 $11,767
Swp: Sek 0.655000 16-Jul-2020 Sek Buy 2,390,000 $8,279
Swp: Sek 0.760000 22-Jun-2020 Sek Buy 2,075,000 $8,627
Swp: Usd 1.559200 02-Dec-2020 Usd Sell -259,000 $-6,011
Swp: Usd 1.591700 25-Nov-2020 Usd Sell -266,000 $-6,655
Swp: Usd 1.612200 17-Nov-2020 Usd Sell -264,000 $-7,261
Swp: Usd 1.696700 21-Aug-2020 Usd Sell -270,000 $-7,066
Swp: Usd 1.755200 11-Aug-2020 Usd Sell -574,000 $-16,666
Swp: Usd 1.811700 04-Feb-2026 Usd Sell -147,500 $-2,650
Swp: Usd 1.822200 19-Jun-2020 Usd Sell -259,500 $-8,851
Swp: Usd 1.830700 16-Jul-2020 Usd Sell -286,000 $-9,420
Swp: Usd 1.914200 26-Jan-2026 Usd Sell -200,000 $-5,594
Swp: Usd 1.973700 14-Jan-2026 Usd Sell -434,000 $-14,787
Swp: Usd 2.097700 27-Nov-2025 Usd Sell -460,000 $-22,773
U.S. Treasury Bills, 0.0%, 1/5/17 310,000 $308,848
U.S. Treasury Bills, 0.0%, 4/7/16 1,120,000 $1,119,978
U.S. Treasury Bills, 0.0%, 5/26/16 3,000,000 $2,999,391
U.S. Treasury Bills, 0.0%, 6/30/16 5,510,000 $5,507,091
U.S. Treasury Bills, 0.0%, 9/15/16 4,150,000 $4,143,684

The portfolio is actively managed, and current holdings may be different.

For fund descriptions, historical and current performance, standardized returns as of the most recent quarter-end, risk disclosure or a prospectus, please click here.

Please request a free information kit on any Pioneer fund by ordering from this web site or by calling 1-800-225-6292. The kit includes a quarterly fact sheet and a prospectus. You should consider a fund's investment objectives, risks, charges and expenses carefully before investing. The prospectus contains this and other information about each fund and should be read carefully before you invest or send money. To obtain a prospectus directly and for other information on any Pioneer fund please visit our download literature page.