Pioneer Long/Short Opportunistic Credit Fund

Top 10 Portfolio Holdings as of 2/27/2015
Default: sorted by market value

Security Name Par / Shares Market Value
Aegis Toxicology Corp 1st Lien Tl-B L + 4.5% 20feb21 49,750 $49,999
Alternative Loan Trust 2005-J4, Floating Rate Note, 7/25/35 300,000 $269,097
ATKORE INTERNATIONAL INC, Term Loan (First Lien), 3/27/21 34,825 $33,780
Atlantic Power LP, Term Loan, 2/20/21 45,125 $45,350
Atrium Innovations, Inc., Initial Term Loan (Second Lien), 7/29/21 75,000 $69,563
BAMLL Commercial Mortgage Securities Trust 2014-INLD, Floating Rate Note, 12/17/29 (144A) 180,000 $163,215
Banc of America Commercial Mortgage Trust 2007-5, Floating Rate Note, 2/10/51 250,000 $255,547
Bank of America Corp., 7.25% (Perpetual) 200 $234,000
Bayview Commercial Asset Trust 2004-3, Floating Rate Note, 1/25/35 (144A) 300,000 $44,065
Bear Stearns Commercial Mortgage Securities Trust 2006-PWR14, 5.273%, 12/11/38 150,000 $153,264
Caelus Re 2013, Ltd., Floating Rate Note, 4/7/20 (Cat Bond) (144A) 250,000 $263,754
CAM Mortgage Trust 2014-1, 5.5%, 12/15/53 (Step) (144A) 125,000 $61,901
CAM Mortgage Trust 2014-2, Floating Rate Note, 5/15/48 (144A) 152,000 $153,061
Caraustar Industries Inc (New) 1st Lien Tl-B1 L + 6.75% 01may19 25,000 $24,500
Carefree Portfolio Trust 2014-CARE, Floating Rate Note, 11/15/29 (144A) 120,000 $110,956
Cds: (Cdx.Na.Hy.21 35-100%) Usd 20dec18 Buy Bnr0vhk30 -1,235,000 $-216,233
Cds: (Cdx.Na.Ig.19 0-3%) Usd 20dec17 Buy Bnr1b3mw5 655,000 $-25,045
Cds: (Cdx.Na.Ig.19 0-3%) Usd 20dec17 Buy Bnr1dwk84 400,000 $-15,295
Cds: (Itraxx.Eur.21 3-6%) Eur 20jun19 Bnr13xh46 2,500,000 $-79,131
Cds: (Itraxx.Eur.9 0-3%) Eur 20jun15 Buy Bnr0vmf01 625,000 $9,548
CENGAGE LEARNING ACQUISITIONS INC, Term Loan, 3/6/20 25,000 $25,025
Chief Exploration & Development Ll 2nd Lien Tl L + 6.5% 12may21 50,000 $45,906
Citicorp Mortgage Securities REMIC Pass-Through Certificates Trust Series 2005-3, 5.5%, 4/25/35 362,500 $3,796
Cme: (Cdx.Na.Hy.17.V7) Usd 20dec16 Z919gm1c1 -1,539,250 $-94,575
Cme: (Cdx.Na.Ig.23.V1) Usd 20dec19 Z91mv4jb8 -5,010,000 $-99,038
COBALT CMBS Commercial Mortgage Trust 2007-C2, Floating Rate Note, 4/15/47 175,000 $179,286
COBALT CMBS Commercial Mortgage Trust 2007-C3, Floating Rate Note, 5/15/46 155,000 $147,448
COBALT CMBS Commercial Mortgage Trust 2007-C3, Floating Rate Note, 5/15/46 47,000 $41,822
COMM 2006-C8 Mortgage Trust, 5.377%, 12/10/46 175,000 $178,263
Coveris Holdings SA, USD Term Loan, 4/14/19 49,500 $49,778
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 12/17/40 175,000 $176,887
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 8/15/38 300,000 $276,011
CS Intermediate Holdco 2 LLC, Term Loan, 3/28/21 29,850 $29,742
CSMC Trust 2014-SURF, Floating Rate Note, 2/15/29 (144A) 175,000 $175,001
DoubleLine Opportunistic Credit Fund 42,851 $1,104,699
DynCorp International, Inc., Term Loan, 7/7/16 33,770 $33,616
ENTEGRIS INC, Term Loan B, 3/25/21 35,552 $35,330
EQTY 2014-MZ Mezzanine Trust, Floating Rate Note, 5/9/19 (144A) 100,000 $98,566
European Bank for Reconstruction & Development, 6.0%, 3/3/16 3,700,000 $61,556
Fieldwood Energy LLC, Closing Date Loan, 9/25/18 98,998 $94,976
First Franklin Mortgage Loan Trust 2003-FFC, Floating Rate Note, 11/25/32 800,000 $39,708
Fixed 07 Aug 2019 Usd 1.8185% -951,858 $
Fixed 07 Aug 2024 Usd 2.66% -1,660,004 $
Fixed 19 Feb 2025 Usd 2.8075% -3,074,836 $
Float 07 Aug 2019 Usd 3m Libor 0 Bps 951,858 $
Float 07 Aug 2024 Usd 3m Libor 0 Bps 1,660,004 $
Float 19 Feb 2025 Usd 3m Libor 0 Bps 3,074,836 $
FR Dixie Acquisition Corp., Term Loan, 1/23/21 49,500 $41,333
Fswp: Usd 2.807500 19-Feb-2025 Usd Sell -3,074,836 $-20,237
Gahr 3.38216% 15dec19 15-Nrf_Efx 100,000 $94,045
GS Mortgage Securities Trust 2006-GG6, Floating Rate Note, 4/10/38 250,000 $251,351
Ice: (Itraxx.Eur.22.V1) Eur 20dec19 Z91mv4jv4 -2,995,260 $3,791
Ice: (Itraxx.Xo.21.V1) Eur 20jun19 Z91jedh42 -2,750,000 $-463,752
Icon Brand Holdings LLC, 4.229%, 1/26/43 (144A) 50,000 $42,967
Irwin Whole Loan Home Equity Trust 2003-C, Floating Rate Note, 6/25/28 500,000 $33,091
Jonah Energy Llc 2nd Lien Tl L + 6.5% 08may21 50,020 $44,518
JPMorgan Chase Capital XXI, Floating Rate Note, 1/15/87 320,000 $265,089
JP Morgan Chase Commercial Mortgage Securities Trust 2006-CIBC16, 5.623%, 5/12/45 200,000 $205,207
JP Morgan Chase Commercial Mortgage Securities Trust 2013-FL3, Floating Rate Note, 4/17/28 (144A) 125,000 $125,172
JP Morgan Mortgage Trust 2014-1 REMICS, Floating Rate Note, 1/25/44 (144A) 1,000,000 $957,705
JP Morgan Mortgage Trust 2014-1 REMICS, Floating Rate Note, 1/25/44 (144A) 1,000,000 $856,002
Kilimanjaro Re, Ltd., Floating Rate Note, 4/30/18 (Cat Bond) (144A) 250,000 $253,594
LB-UBS Commercial Mortgage Trust 2005-C2, Floating Rate Note, 4/15/40 125,000 $125,609
LB-UBS Commercial Mortgage Trust 2006-C1, Floating Rate Note, 2/15/41 187,500 $190,778
Merrill Lynch Mortgage Trust 2005-CKI1, Floating Rate Note, 11/12/37 260,000 $261,624
ML-CFC Commercial Mortgage Trust 2006-3, Floating Rate Note, 7/12/46 70,000 $71,755
Mythen Re, Ltd., Floating Rate Note, 5/7/15 (Cat Bond) (144A) 250,000 $253,756
New Century Home Equity Loan Trust, Floating Rate Note, 8/25/34 625,000 $60,664
NEXEO SOLUTIONS LLC, Term B-3 Loan, 9/9/17 29,700 $29,069
Nomura Asset Acceptance Corp Alternative Loan Trust Series 2004-AR2, Floating Rate Note, 10/25/34 1,250,000 $6,215
Nord Anglia Education Finance Llc Tl-B L + 3.5% 21mar21 34,738 $34,651
Outfront Media Capital LLC, Term Loan, 1/15/21 23,485 $23,371
PARTY CITY HOLDINGS INC, 2014 Replacement Term Loan, 7/27/19 35,640 $35,462
Residential Reinsurance 2012, Ltd., Floating Rate Note, 12/6/16 (Cat Bond) (144A) 250,000 $258,794
SBP HOLDINGS, Ltd., Term Loan (First Lien), 3/24/21 24,813 $21,773
Scds: (Abgsm) Eur 20dec15 Buy Bnr1dt828 400,000 $-69
Scds: (Abgsm) Eur 20mar20 Buy Bnr1e6wq7 400,000 $-54,884
Scds: (Altice) Eur 20mar20 Buy Bnr1e99c8 250,000 $25,290
Scds: (Apa) Usd 20mar20 Buy Bnr1e9bw1 250,000 $-1,953
Scds: (Bac) Usd 20mar20 Sell Bnr1eaxk0 -125,000 $-2,319
Scds: (Cle) Usd 20dec15 Buy Bnr1dt7e3 300,000 $-37,905
Scds: (Cnqcn) Usd 20mar20 Buy Bnr1hcnu2 250,000 $-5,163
Scds: (Do) Usd 20mar20 Buy Bnr1e9c26 500,000 $-56,356
Scds: (Etp) Usd 20mar20 Buy Bnr1hcnx6 500,000 $-14,491
Scds: (Fst) Usd 20mar15 Bnr0vmfg6 250,000 $-1,759
Scds: (Htz) Usd 20mar20 Buy Bnr1e97n6 260,000 $22,684
Scds: (Ihrt) Usd 20dec15 Buy Bnr1e3mh5 525,000 $4,742
Scds: (Jcp) Usd 20dec16 Buy Bnr1dy0m1 525,000 $9,887
Scds: (Jpm) Usd 20mar20 Sell Bnr1e7221 -250,000 $-4,890
Scds: (Mbi) Usd 20dec15 Buy Bnr1dwk27 250,000 $12,888
Scds: (Mbi) Usd 20mar15 Bnr0sscj4 250,000 $1,984
Scds: (Nbr) Usd 20mar20 Buy Bnr1hcnq1 500,000 $-60,026
Scds: (Ne) Usd 20mar20 Buy Bnr1hcp06 250,000 $-32,619
Scds: (Nsino) Eur 20dec15 Buy Bnr1am735 250,000 $-8,371
Scds: (Nsino) Eur 20dec15 Buy Bnr1dwhz8 250,000 $-8,371
Scds: (Nsino) Eur 20mar15 Bnr0tuzw4 250,000 $697
Scds: (Pkd) Usd 20mar20 Buy Bnr1hcn81 250,000 $-15,061
Scds: (Rig) Usd 20mar20 Buy Bnr1hcnh1 250,000 $-57,100
Scds: (Rsh) Usd 20jun17 Bnr0xz7p4 -250,000 $212,588
Scds: (Shld) Usd 20dec15 Buy Bnr1dwg14 525,000 $-10,718
Scds: (Shld) Usd 20mar15 Bnr0thdt4 250,000 $-104
Scds: (Shld) Usd 20mar15 Bnr15q7z1 125,000 $-52
Scds: (Toy) Usd 20dec15 Buy Bnr1dt7a1 300,000 $-5,750
Scds: (Tport) Usd 20mar15 Bnr0st329 250,000 $2,770
Scds: (Wft) Usd 20mar20 Buy Bnr1e9d66 250,000 $-24,617
Scds: (Wft) Usd 20mar20 Buy Bnr1hp376 250,000 $-24,603
Scds: (Wmb) Usd 20mar20 Buy Bnr1hs180 500,000 $-24,702
Seadrill Operating LP, Initial Term Loan, 2/14/21 99,000 $80,349
Sequoia Mortgage Trust 2012-3, Floating Rate Note, 7/25/42 1,250,000 $711,851
Sequoia Mortgage Trust 2013-6, Floating Rate Note, 5/26/43 800,000 $712,092
Sequoia Mortgage Trust 2013-7, Floating Rate Note, 6/25/43 1,000,000 $890,877
Swp: Usd 1.818500 07-Aug-2019 Usd Sell -951,858 $-12,090
Swp: Usd 2.660000 07-Aug-2024 Usd Sell -1,660,004 $-85,174
TAL Advantage V LLC, 4.1%, 2/22/39 100,000 $89,483
Tasc Inc/Va 1st Lien Tl-B L + 5.5% 12may20 24,937 $25,228
Tbill Zero% 26mar15 1,290,000 $1,289,978
Transunion Llc 1st Lien Tl-B L + 3% 21mar21 34,738 $34,672
Trinity Industries, Inc., 3.875%, 6/1/36 185,000 $277,558
U.S. Treasury Bills, 0.0%, 3/5/15 2,000,000 $1,999,996
U.S. Treasury Bills, 0.0%, 4/16/15 1,290,000 $1,289,972
U.S. Treasury Bills, 0.0%, 4/2/15 1,290,000 $1,289,972
U.S. Treasury Bills, 0.0%, 4/23/15 875,000 $874,975
U.S. Treasury Bills, 0.0%, 4/9/15 1,290,000 $1,289,977
U.S. Treasury Floating Rate Note, 0.090001011%, 7/31/16 1,420,000 $1,420,022
United States Treasury Floating Rate Note, Floating Rate Note, 1/31/16 125,000 $125,004
United States Treasury Floating Rate Note, Floating Rate Note, 4/30/16 125,000 $125,022
Univar, Inc., Term B Loan, 6/30/17 49,485 $49,238
VOLT XXII LLC, 4.75%, 10/27/53 (Step) 125,000 $124,546
Wachovia Bank Commercial Mortgage Trust Series 2005-C22, Floating Rate Note, 12/15/44 250,000 $254,465
Wachovia Bank Commercial Mortgage Trust Series 2007-C34, Floating Rate Note, 5/15/46 125,000 $130,398
Wells Fargo Commercial Mortgage Trust 2014-TISH, Floating Rate Note, 1/15/27 (144A) 200,000 $197,554
Wesco Aircraft Hardware Corp., Tranche B Term Loan, 2/24/21 24,375 $24,030
YRC Worldwide, Inc., Initial Term Loan, 2/12/19 49,500 $49,253

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.