Pioneer Long/Short Opportunistic Credit Fund

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

Security Name Par / Shares Market Value
Apr16 Mem6 P @ 1610 104 $520
Apr16 Mem6 P @ 1710 -104 $-1,040
Apr16 Mem6 P @ 1810 -104 $-2,340
Apr16 Mem6 P @ 1910 104 $5,720
Bank of America Corp., Floating Rate Note (Perpetual) 1,005,000 $1,038,843
Beverage Packaging Holdings Luxembourg II SA, 5.625%, 12/15/16 (144A) 1,235,000 $1,251,595
BNP Paribas SA, Floating Rate Note (Perpetual) (144A) 400,000 $402,369
Caelus Re 2013, Ltd., Floating Rate Note, 4/7/17 (Cat Bond) (144A) 250,000 $257,526
Cds: (Cdx.Na.Hy.21 35-100%) Usd 20dec18 Buy Bnr0vhk30 -1,235,000 $-185,540
Cds: (Cdx.Na.Ig.19 0-3%) Usd 20dec17 Buy Bnr1b3mw5 655,000 $-40,122
Cds: (Cdx.Na.Ig.19 0-3%) Usd 20dec17 Buy Bnr1dwk84 400,000 $-29,558
Cds: (Cdx.Na.Ig.19 0-3%) Usd 20dec17 Buy Bnr2e28w8 300,000 $-25,127
Cds: (Cdx.Na.Ig.9 0-3%) Usd 20dec17 Buy Bnr2e29w7 342,762 $-130,434
Cds: (Cdx.Na.Ig.9 0-3%) Usd 20dec17 Buy Bnr2e2a13 342,762 $-130,434
Cds: (Itraxx.Eur.21 3-6%) Eur 20jun19 Bnr13xh46 2,500,000 $-63,029
Citigroup, Inc., Floating Rate Note (Perpetual) 1,070,000 $1,059,342
Citigroup Commercial Mortgage Trust 2014-GC23 REMICS, Floating Rate Note, 7/12/47 (144A) 300,000 $194,397
Cme: (Cdx.Na.Hy.25.V1) Usd 20dec20 Z91vrer63 -1,245,000 $-38,321
COBALT CMBS Commercial Mortgage Trust 2007-C3, Floating Rate Note, 5/15/46 300,000 $282,134
COBALT CMBS Commercial Mortgage Trust 2007-C3, Floating Rate Note, 5/15/46 47,000 $41,918
COMM 2007-C9 Mortgage Trust, Floating Rate Note, 12/10/49 (144A) 510,000 $470,961
Credit Agricole SA, Floating Rate Note (Perpetual) (144A) 200,000 $199,877
Credit Agricole SA, Floating Rate Note (Perpetual) (144A) 330,000 $310,607
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 12/17/40 175,000 $11,272
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 8/15/38 300,000 $284,408
EQTY 2014-MZ Mezzanine Trust, Floating Rate Note, 5/10/19 (144A) 100,000 $92,773
Federal Home Loan Bank Discount Notes, 0.0%, 4/13/16 1,760,000 $1,759,877
Fixed 06 May 2025 Usd 2.2015% -1,018,659 $
Fixed 07 Aug 2019 Usd 1.8185% -951,858 $
Float 06 May 2025 Usd 3m Libor 0 Bps 1,018,659 $
Float 07 Aug 2019 Usd 3m Libor 0 Bps 951,858 $
Freeport-McMoRan, Inc., 2.15%, 3/1/17 670,000 $641,050
Glencore Funding LLC, 1.7%, 5/27/16 (144A) 1,375,000 $1,378,209
Ice: (Itraxx.Xo.21.V2) Eur 20jun19 Z91jedh42 -2,704,167 $-271,767
Icon Brand Holdings LLC, 4.229%, 1/26/43 (144A) 50,000 $37,351
ING Groep NV, Floating Rate Note, 12/29/49 530,000 $501,402
JPMorgan Chase & Co., Floating Rate Note, 8/29/49 950,000 $1,053,788
JP Morgan Chase Commercial Mortgage Securities Trust 2006-CIBC16, 5.623%, 5/12/45 200,000 $194,540
Jun16 Mem6 P @ 1410 101 $4,798
Jun16 Mem6 P @ 1510 -101 $-8,080
Jun16 Mem6 P @ 1610 -101 $-14,140
Jun16 Mem6 P @ 1710 101 $26,260
Kilimanjaro Re, Ltd., Floating Rate Note, 4/30/18 (Cat Bond) (144A) 250,000 $251,194
Petrobras Global Finance BV, 3.5%, 2/6/17 680,000 $672,892
Residential Reinsurance 2012, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 250,000 $250,531
RMAT 2015-1 LLC, 5.0%, 7/27/20 (Step) (144A) 660,000 $636,953
Scds: (Aks) Usd 20dec16 Buy Bnr1vukr6 1,135,000 $14,547
Scds: (Aks) Usd 20dec16 Buy Bnr20eya6 285,000 $3,653
Scds: (Ally) Usd 20jun21 Buy Bnr2fxus3 175,000 $16,082
Scds: (Ally) Usd 20jun21 Buy Bnr2g3y88 845,000 $77,651
Scds: (Bbdbcn) Usd 20dec16 Buy Bnr2cl6j9 855,000 $16,857
Scds: (Bbdbcn) Usd 20dec16 Buy Bnr2dab72 400,000 $2,831
Scds: (Ftr) Usd 20jun21 Buy Bnr2ftsq9 690,000 $-37,074
Scds: (Ftr) Usd 20jun21 Buy Bnr2fttj4 555,000 $-29,821
Scds: (Hov) Usd 20dec16 Buy Bnr1zr6z7 560,000 $326
Scds: (Hov) Usd 20dec16 Buy Bnr231u15 230,000 $134
Scds: (Hov) Usd 20dec16 Buy Bnr26wym4 480,000 $6,346
Scds: (Ihrt) Usd 20dec16 Buy Bnr1uyk32 885,000 $-290,430
Scds: (Jcp) Usd 20dec16 Buy Bnr22utb2 525,000 $17,141
Scds: (Mbi) Usd 20dec16 Buy Bnr1v0hu9 364,800 $-22,880
Scds: (Mbi) Usd 20dec20 Sell Bnr1ztpb5 -364,800 $119,680
Scds: (Mni) Usd 20jun16 Buy Bnr1kuy93 550,000 $3,264
Scds: (Nsino) Eur 20sep17 Sell Bnr1wr839 -1,500,000 $410,608
Scds: (Nsino) Eur 20sep20 Buy Bnr1wr862 1,500,000 $-1,324,859
Scds: (Petbra) Usd 20dec16 Buy Bnr2day44 620,000 $-11,542
Scds: (Shld) Usd 20dec16 Buy Bnr22uus3 875,000 $-60,890
Scds: (Tckbcn) Usd 20dec16 Buy Bnr26t8y4 1,230,000 $-9,672
Scds: (Wft) Usd 20dec16 Buy Bnr2db3l8 620,000 $-8,712
Sprint Communications, Inc., 6.0%, 12/1/16 1,290,000 $1,307,738
Swp: Usd 1.818500 07-Aug-2019 Usd Sell -951,858 $-27,400
Swp: Usd 2.201500 06-May-2025 Usd Sell -1,018,659 $-62,168
Transocean, Inc., 5.55%, 12/15/16 1,305,000 $1,323,372
U.S. Treasury Bills, 0.0%, 4/28/16 4,020,000 $4,019,481
U.S. Treasury Floating Rate Note, 0.370227673%, 7/31/16 2,640,000 $2,641,975
U.S. Treasury Inflation Indexed Bonds, 1.375%, 2/15/44 1,010,400 $1,151,700
United States Treasury Floating Rate Note, Floating Rate Note, 1/31/17 2,640,000 $2,642,014
United States Treasury Floating Rate Note, Floating Rate Note, 1/31/18 525,000 $526,121
United States Treasury Floating Rate Note, Floating Rate Note, 10/31/16 2,640,000 $2,641,511
United States Treasury Floating Rate Note, Floating Rate Note, 10/31/17 2,000,000 $2,001,502
United States Treasury Floating Rate Note, Floating Rate Note, 4/30/16 2,525,000 $2,526,741
United States Treasury Floating Rate Note, Floating Rate Note, 4/30/17 2,645,000 $2,646,420
United States Treasury Floating Rate Note, Floating Rate Note, 7/31/17 1,925,000 $1,925,050
Williams Partners LP, 7.25%, 2/1/17 795,000 $824,349

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.