Pioneer Long/Short Bond 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) 1,065,000 $1,100,864
Beverage Packaging Holdings Luxembourg II SA, 5.625%, 12/15/16 (144A) 1,305,000 $1,322,536
BNP Paribas SA, Floating Rate Note (Perpetual) (144A) 425,000 $427,518
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 -765,000 $-114,930
Cds: (Cdx.Na.Ig.19 0-3%) Usd 20dec17 Buy Bnr1b3mw5 645,000 $-39,510
Cds: (Cdx.Na.Ig.19 0-3%) Usd 20dec17 Buy Bnr22ut55 400,000 $-34,558
Cds: (Cdx.Na.Ig.19 0-3%) Usd 20dec17 Buy Bnr2e28w8 335,000 $-28,058
Cds: (Cdx.Na.Ig.9 0-3%) Usd 20dec17 Buy Bnr2e29w7 365,613 $-139,129
Cds: (Cdx.Na.Ig.9 0-3%) Usd 20dec17 Buy Bnr2e2a13 361,804 $-137,680
Cds: (Itraxx.Eur.21 3-6%) Eur 20jun19 Bnr13xh46 1,250,000 $-28,039
Citigroup, Inc., Floating Rate Note (Perpetual) 1,130,000 $1,118,744
Citigroup Commercial Mortgage Trust 2014-GC23 REMICS, Floating Rate Note, 7/12/47 (144A) 280,000 $181,437
Cme: (Cdx.Na.Hy.25.V1) Usd 20dec20 Z91vrer63 -1,320,000 $-40,629
COMM 2007-C9 Mortgage Trust, Floating Rate Note, 12/10/49 (144A) 490,000 $452,492
Credit Agricole SA, Floating Rate Note (Perpetual) (144A) 200,000 $199,877
Credit Agricole SA, Floating Rate Note (Perpetual) (144A) 315,000 $296,488
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 12/17/40 175,000 $11,272
Federal Home Loan Bank Discount Notes, 0.0%, 4/13/16 1,535,000 $1,534,893
Fixed 06 May 2025 Usd 2.2015% -850,473 $
Fixed 07 Aug 2019 Usd 1.8185% -442,126 $
Float 06 May 2025 Usd 3m Libor 0 Bps 850,473 $
Float 07 Aug 2019 Usd 3m Libor 0 Bps 442,126 $
Freeport-McMoRan, Inc., 2.15%, 3/1/17 705,000 $674,538
Glencore Funding LLC, 1.7%, 5/27/16 (144A) 1,335,000 $1,338,115
Ice: (Itraxx.Xo.21.V2) Eur 20jun19 Z91jedh42 -1,352,083 $-135,884
Icon Brand Holdings LLC, 4.229%, 1/26/43 (144A) 50,000 $37,351
ING Groep NV, Floating Rate Note, 12/29/49 515,000 $487,211
JPMorgan Chase & Co., Floating Rate Note, 8/29/49 1,000,000 $1,109,250
JP Morgan Chase Commercial Mortgage Securities Trust 2006-CIBC16, 5.623%, 5/12/45 200,000 $194,540
Jun16 Mem6 P @ 1410 110 $5,225
Jun16 Mem6 P @ 1510 -110 $-8,800
Jun16 Mem6 P @ 1610 -110 $-15,400
Jun16 Mem6 P @ 1710 110 $28,600
Kilimanjaro Re, Ltd., Floating Rate Note, 4/30/18 (Cat Bond) (144A) 250,000 $251,194
Petrobras Global Finance BV, 3.5%, 2/6/17 720,000 $712,474
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) 630,000 $608,001
Scds: (Aks) Usd 20dec16 Buy Bnr1vukr6 1,080,000 $13,842
Scds: (Aks) Usd 20dec16 Buy Bnr20eya6 310,000 $3,973
Scds: (Ally) Usd 20jun21 Buy Bnr2fxus3 190,000 $17,460
Scds: (Ally) Usd 20jun21 Buy Bnr2g3y88 905,000 $83,165
Scds: (Bbdbcn) Usd 20dec16 Buy Bnr2cl6j9 900,000 $17,744
Scds: (Bbdbcn) Usd 20dec16 Buy Bnr2dab72 430,000 $8,478
Scds: (Ftr) Usd 20jun21 Buy Bnr2ftsq9 735,000 $-39,492
Scds: (Ftr) Usd 20jun21 Buy Bnr2fttj4 585,000 $-31,433
Scds: (Hov) Usd 20dec16 Buy Bnr1zr6z7 545,000 $317
Scds: (Hov) Usd 20dec16 Buy Bnr231u15 280,000 $3,702
Scds: (Hov) Usd 20dec16 Buy Bnr26wym4 540,000 $314
Scds: (Ihrt) Usd 20dec16 Buy Bnr1uyk32 825,000 $-270,740
Scds: (Jcp) Usd 20dec16 Buy Bnr22utb2 525,000 $17,141
Scds: (Mbi) Usd 20dec16 Buy Bnr1v0hu9 335,200 $-21,024
Scds: (Mbi) Usd 20dec20 Sell Bnr1ztpb5 -335,200 $109,969
Scds: (Mni) Usd 20jun16 Buy Bnr1kuy93 540,000 $10,029
Scds: (Nsino) Eur 20sep17 Sell Bnr1wr839 -1,450,000 $396,921
Scds: (Nsino) Eur 20sep20 Buy Bnr1wr862 1,450,000 $-1,280,697
Scds: (Petbra) Usd 20dec16 Buy Bnr2day44 650,000 $-12,101
Scds: (Shld) Usd 20dec16 Buy Bnr22uus3 820,000 $-57,062
Scds: (Tckbcn) Usd 20dec16 Buy Bnr26t8y4 1,325,000 $-10,419
Scds: (Wft) Usd 20dec16 Buy Bnr2db3l8 655,000 $-9,204
Sprint Communications, Inc., 6.0%, 12/1/16 1,265,000 $1,282,394
Swp: Usd 1.818500 07-Aug-2019 Usd Sell -442,126 $-12,727
Swp: Usd 2.201500 06-May-2025 Usd Sell -850,473 $-51,904
Transocean, Inc., 5.55%, 12/15/16 1,280,000 $1,298,020
U.S. Treasury Bills, 0.0%, 4/28/16 4,150,000 $4,149,465
U.S. Treasury Floating Rate Note, 0.370227673%, 7/31/16 2,535,000 $2,536,897
U.S. Treasury Inflation Indexed Bonds, 1.375%, 2/15/44 1,094,700 $1,247,789
United States Treasury Floating Rate Note, Floating Rate Note, 1/31/17 2,535,000 $2,536,934
United States Treasury Floating Rate Note, Floating Rate Note, 1/31/18 2,535,000 $2,540,411
United States Treasury Floating Rate Note, Floating Rate Note, 10/31/16 2,535,000 $2,536,451
United States Treasury Floating Rate Note, Floating Rate Note, 10/31/17 2,380,000 $2,381,788
United States Treasury Floating Rate Note, Floating Rate Note, 4/30/16 2,535,000 $2,536,748
United States Treasury Floating Rate Note, Floating Rate Note, 4/30/17 2,535,000 $2,536,361
United States Treasury Floating Rate Note, Floating Rate Note, 7/31/17 2,230,000 $2,230,058
Williams Partners LP, 7.25%, 2/1/17 835,000 $865,826

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.