NPORT-EX 2 AAPI260AMU093023.htm
Pioneer High Yield Fund
Schedule of Investments  |  July 31, 2023
       
A: TAHYX C: PYICX R: TYHRX Y: TYHYX

Schedule of Investments  |  7/31/23
(unaudited) 
Principal
Amount
USD ($)
          Value
  UNAFFILIATED ISSUERS — 97.4%  
  Senior Secured Floating Rate Loan
Interests — 1.5% of Net Assets*(a)
 
  Auto Parts & Equipment — 0.5%  
2,277,955 First Brands Group LLC, First Lien 2021 Term Loan, 10.881% (Term SOFR + 500 bps), 3/30/27 $  2,260,870
  Total Auto Parts & Equipment   $2,260,870
  Medical-Hospitals — 0.1%  
372,931 Surgery Center Holdings, Inc., 2021 New Term Loan, 9.119% (Term SOFR + 375 bps), 8/31/26 $    373,538
  Total Medical-Hospitals     $373,538
  Metal Processors & Fabrication — 0.4%  
1,758,675 Grinding Media, Inc. (Molycop, Ltd.), First Lien Initial Term Loan, 9.53% (Term SOFR + 400 bps), 10/12/28 $  1,727,898
  Total Metal Processors & Fabrication   $1,727,898
  Oil-Field Services — 0.3%  
1,375,693 ProFrac Holdings II LLC, Term Loan, 12.78% (Term SOFR + 725 bps), 3/4/25 $  1,380,852
  Total Oil-Field Services   $1,380,852
  Physical Practice Management — 0.2%  
1,659,842 Team Health Holdings, Inc., Extended Term Loan, 10.569% (Term SOFR + 525 bps), 3/2/27 $  1,157,740
  Total Physical Practice Management   $1,157,740
  Total Senior Secured Floating Rate Loan Interests
(Cost $7,239,191)
  $6,900,898
Shares            
  Common Stocks — 0.4% of Net Assets  
  Automobile Components — 0.1%  
6,967,063(b) Ascent CNR Corp., Class A $    696,706
  Total Automobile Components     $696,706
  Oil, Gas & Consumable Fuels — 0.0%  
23(b) Amplify Energy Corp. $        169
  Total Oil, Gas & Consumable Fuels         $169
1Pioneer High Yield Fund |  | 7/31/23

Shares           Value
  Passenger Airlines — 0.3%  
90,545(b)+ Grupo Aeromexico SAB de CV $  1,216,639
  Total Passenger Airlines   $1,216,639
  Total Common Stocks
(Cost $1,645,596)
  $1,913,514
Principal
Amount
USD ($)
           
  Collateralized Mortgage
Obligations—0.0% of Net Assets
 
163,245 Global Mortgage Securitization, Ltd., Series 2004-A, Class B1, 5.25%, 11/25/32 (144A) $     73,480
  Total Collateralized Mortgage Obligations
(Cost $160,444)
     $73,480
  Commercial Mortgage-Backed
Security—0.2% of Net Assets
 
895,701(a) Med Trust, Series 2021-MDLN, Class G, 10.586% (1 Month Term SOFR + 536 bps), 11/15/38 (144A) $    830,881
  Total Commercial Mortgage-Backed Security
(Cost $895,701)
    $830,881
  Convertible Corporate Bonds — 3.4% of
Net Assets
 
  Airlines — 0.9%  
1,437,000 Air Canada, 4.00%, 7/1/25 $  1,945,199
2,286,000 Spirit Airlines, Inc., 1.00%, 5/15/26   2,012,108
  Total Airlines   $3,957,307
  Biotechnology — 0.4%  
730,000 Insmed, Inc., 0.75%, 6/1/28 $    627,800
1,244,000 Insmed, Inc., 1.75%, 1/15/25   1,184,910
  Total Biotechnology   $1,812,710
  Energy-Alternate Sources — 0.3%  
1,619,000(c) Enphase Energy, Inc., 3/1/28 $  1,458,789
  Total Energy-Alternate Sources   $1,458,789
  Entertainment — 0.7%  
2,508,000(c) DraftKings Holdings, Inc., 3/15/28 $  1,928,652
1,369,000 IMAX Corp., 0.50%, 4/1/26   1,281,795
  Total Entertainment   $3,210,447
Pioneer High Yield Fund |  | 7/31/232

Schedule of Investments  |  7/31/23
(unaudited) (continued)
Principal
Amount
USD ($)
          Value
  Gas — 0.0%  
50 Macquarie Infrastructure Holdings LLC, 2.00%, 10/1/23 $         49
  Total Gas          $49
  Pharmaceuticals — 0.2%  
1,117,000 Revance Therapeutics, Inc., 1.75%, 2/15/27 $  1,129,846
  Total Pharmaceuticals   $1,129,846
  Semiconductors — 0.2%  
730,000 ON Semiconductor Corp., 0.50%, 3/1/29 (144A) $    888,904
  Total Semiconductors     $888,904
  Software — 0.7%  
1,100,000 Bentley Systems, Inc., 0.375%, 7/1/27 $    985,600
855,000 Jamf Holding Corp., 0.125%, 9/1/26      740,315
1,450,000 Verint Systems, Inc., 0.25%, 4/15/26   1,299,563
  Total Software   $3,025,478
  Total Convertible Corporate Bonds
(Cost $15,887,271)
$15,483,530
  Corporate Bonds — 86.4% of Net Assets  
  Advertising — 2.3%  
300,000 Clear Channel International BV, 6.625%, 8/1/25 (144A) $    298,749
4,168,000 Clear Channel Outdoor Holdings, Inc., 7.50%, 6/1/29 (144A)   3,317,768
1,080,000 Outfront Media Capital LLC/Outfront Media Capital Corp., 4.25%, 1/15/29 (144A)      916,704
975,000 Outfront Media Capital LLC/Outfront Media Capital Corp., 6.25%, 6/15/25 (144A)      962,645
3,591,000 Stagwell Global LLC, 5.625%, 8/15/29 (144A)   3,055,456
2,512,000 Summer BC Bidco B LLC, 5.50%, 10/31/26 (144A)   2,139,256
  Total Advertising $10,690,578
  Aerospace & Defense — 0.8%  
224,000 Bombardier, Inc., 7.50%, 3/15/25 (144A) $    224,788
1,176,000 Bombardier, Inc., 7.875%, 4/15/27 (144A)   1,172,255
1,100,000 Spirit AeroSystems, Inc., 9.375%, 11/30/29 (144A)   1,177,493
1,150,000 Triumph Group, Inc., 9.00%, 3/15/28 (144A)   1,181,204
  Total Aerospace & Defense   $3,755,740
  Airlines — 1.6%  
573,300 American Airlines 2021-1 Class B Pass Through Trust, 3.95%, 7/11/30 $    496,282
3Pioneer High Yield Fund |  | 7/31/23

Principal
Amount
USD ($)
          Value
  Airlines — (continued)  
875,417 American Airlines, Inc./AAdvantage Loyalty IP, Ltd., 5.50%, 4/20/26 (144A) $    862,296
795,000 American Airlines, Inc./AAdvantage Loyalty IP, Ltd., 5.75%, 4/20/29 (144A)      769,654
1,000,000 Spirit Loyalty Cayman, Ltd./Spirit IP Cayman, Ltd., 8.00%, 9/20/25 (144A)   1,008,830
4,177,000 VistaJet Malta Finance Plc/Vista Management Holding, Inc., 6.375%, 2/1/30 (144A)   3,535,706
1,035,000 VistaJet Malta Finance Plc/Vista Management Holding, Inc., 7.875%, 5/1/27 (144A)     959,670
  Total Airlines   $7,632,438
  Apparel — 0.3%  
1,310,000 Hanesbrands, Inc., 9.00%, 2/15/31 (144A) $  1,339,440
  Total Apparel   $1,339,440
  Auto Manufacturers — 3.1%  
1,015,000 Ford Motor Co., 6.10%, 8/19/32 $    981,986
950,000 Ford Motor Credit Co. LLC, 2.70%, 8/10/26      851,593
1,900,000 Ford Motor Credit Co. LLC, 3.625%, 6/17/31   1,570,572
3,110,000 Ford Motor Credit Co. LLC, 4.125%, 8/17/27   2,845,836
1,635,000 Ford Motor Credit Co. LLC, 4.542%, 8/1/26   1,545,131
1,825,000 Ford Motor Credit Co. LLC, 5.113%, 5/3/29   1,704,129
1,000,000 Ford Motor Credit Co. LLC, 7.35%, 3/6/30   1,035,217
4,011,000 JB Poindexter & Co., Inc., 7.125%, 4/15/26 (144A)   3,959,780
  Total Auto Manufacturers $14,494,244
  Auto Parts & Equipment — 1.8%  
2,245,000 Adient Global Holdings, Ltd., 8.25%, 4/15/31 (144A) $  2,307,858
4,898,000 Dealer Tire LLC/DT Issuer LLC, 8.00%, 2/1/28 (144A)   4,504,578
590,000 ZF North America Capital, Inc., 6.875%, 4/14/28 (144A)      599,325
885,000 ZF North America Capital, Inc., 7.125%, 4/14/30 (144A)     910,481
  Total Auto Parts & Equipment   $8,322,242
  Banks — 0.6%  
250,000 Freedom Mortgage Corp., 6.625%, 1/15/27 (144A) $    219,959
1,896,000 Freedom Mortgage Corp., 8.125%, 11/15/24 (144A)   1,885,910
736,000 Freedom Mortgage Corp., 8.25%, 4/15/25 (144A)     727,304
  Total Banks   $2,833,173
  Building Materials — 1.7%  
2,461,000 Builders FirstSource, Inc., 4.25%, 2/1/32 (144A) $  2,135,470
Pioneer High Yield Fund |  | 7/31/234

Schedule of Investments  |  7/31/23
(unaudited) (continued)
Principal
Amount
USD ($)
          Value
  Building Materials — (continued)  
270,000 Builders FirstSource, Inc., 5.00%, 3/1/30 (144A) $    252,417
1,500,000 Builders FirstSource, Inc., 6.375%, 6/15/32 (144A)   1,492,286
3,035,000 Cornerstone Building Brands, Inc., 6.125%, 1/15/29 (144A)   2,511,463
1,625,000 Knife River Corp., 7.75%, 5/1/31 (144A)   1,657,088
  Total Building Materials   $8,048,724
  Chemicals — 3.3%  
1,521,000 LSF11 A5 HoldCo LLC, 6.625%, 10/15/29 (144A) $  1,269,991
3,858,000 Mativ Holdings, Inc., 6.875%, 10/1/26 (144A)   3,359,600
944,000 Olin Corp., 5.00%, 2/1/30      867,045
4,960,000 Olympus Water US Holding Corp., 9.75%, 11/15/28 (144A)   4,798,800
1,445,000 SCIL IV LLC/SCIL USA Holdings LLC, 5.375%, 11/1/26 (144A)   1,328,183
2,880,000 Trinseo Materials Operating SCA/Trinseo Materials Finance, Inc., 5.125%, 4/1/29 (144A)   1,693,210
2,505,000 Tronox, Inc., 4.625%, 3/15/29 (144A)   2,076,591
  Total Chemicals $15,393,420
  Commercial Services — 5.0%  
590,000 Allied Universal Holdco LLC/Allied Universal Finance Corp., 6.00%, 6/1/29 (144A) $    450,067
1,410,000 Allied Universal Holdco LLC/Allied Universal Finance Corp., 6.625%, 7/15/26 (144A)   1,346,431
1,025,000 Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 S.a.r.l., 4.625%, 6/1/28 (144A)      871,250
2,030,000 Brink's Co., 5.50%, 7/15/25 (144A)   2,009,813
295,000 Garda World Security Corp., 4.625%, 2/15/27 (144A)      272,483
1,880,000 Garda World Security Corp., 7.75%, 2/15/28 (144A)   1,870,111
3,008,000 Garda World Security Corp., 9.50%, 11/1/27 (144A)   2,944,396
2,190,000 Neptune Bidco US, Inc., 9.29%, 4/15/29 (144A)   2,014,481
1,470,000 NESCO Holdings II, Inc., 5.50%, 4/15/29 (144A)   1,336,965
779,000 Prime Security Services Borrower LLC/Prime Finance, Inc., 5.25%, 4/15/24 (144A)      771,205
1,870,000 Prime Security Services Borrower LLC/Prime Finance, Inc., 5.75%, 4/15/26 (144A)   1,833,373
4,165,000 Prime Security Services Borrower LLC/Prime Finance, Inc., 6.25%, 1/15/28 (144A)   3,921,058
3,986,000 Sotheby's, 7.375%, 10/15/27 (144A)   3,531,050
  Total Commercial Services $23,172,683
  Computers — 0.7%  
1,435,000 KBR, Inc., 4.75%, 9/30/28 (144A) $  1,313,025
5Pioneer High Yield Fund |  | 7/31/23

Principal
Amount
USD ($)
          Value
  Computers — (continued)  
1,275,000 NCR Corp., 5.00%, 10/1/28 (144A) $  1,153,350
635,000 NCR Corp., 5.25%, 10/1/30 (144A)     565,458
  Total Computers   $3,031,833
  Cosmetics/Personal Care — 0.4%  
1,980,000 Edgewell Personal Care Co., 5.50%, 6/1/28 (144A) $  1,876,050
  Total Cosmetics/Personal Care   $1,876,050
  Distribution/Wholesale — 0.7%  
530,000 Ritchie Bros Holdings, Inc., 6.75%, 3/15/28 (144A) $    536,625
785,000 Ritchie Bros Holdings, Inc., 7.75%, 3/15/31 (144A)      818,130
1,840,000 Windsor Holdings III LLC, 8.50%, 6/15/30 (144A)   1,849,200
  Total Distribution/Wholesale   $3,203,955
  Diversified Financial Services — 5.2%  
3,385,116(d) Avation Capital SA, 8.25% (9.00% PIK or 8.25% Cash), 10/31/26 (144A) $  2,951,197
2,360,000 Bread Financial Holdings, Inc., 4.75%, 12/15/24 (144A)   2,294,686
495,000 GGAM Finance, Ltd., 7.75%, 5/15/26 (144A)      497,277
2,515,000 GGAM Finance, Ltd., 8.00%, 6/15/28 (144A)   2,552,725
3,549,639(d) Global Aircraft Leasing Co., Ltd., 6.50% (7.25% PIK or 6.50% Cash), 9/15/24 (144A)   3,345,215
2,200,000 Nationstar Mortgage Holdings, Inc., 5.125%, 12/15/30 (144A)   1,853,951
1,150,000 OneMain Finance Corp., 3.875%, 9/15/28      944,437
1,958,000 OneMain Finance Corp., 5.375%, 11/15/29   1,696,309
510,000 OneMain Finance Corp., 9.00%, 1/15/29      518,211
3,538,000 Provident Funding Associates LP/PFG Finance Corp., 6.375%, 6/15/25 (144A)   3,133,141
1,628,000 United Wholesale Mortgage LLC, 5.50%, 4/15/29 (144A)   1,431,220
2,885,000 United Wholesale Mortgage LLC, 5.75%, 6/15/27 (144A)   2,699,293
  Total Diversified Financial Services $23,917,662
  Electric — 2.6%  
875,000 Calpine Corp., 4.625%, 2/1/29 (144A) $    753,406
561,000 Calpine Corp., 5.25%, 6/1/26 (144A)      544,636
1,640,000 Clearway Energy Operating LLC, 3.75%, 2/15/31 (144A)   1,359,225
850,000 Clearway Energy Operating LLC, 3.75%, 1/15/32 (144A)      694,718
Pioneer High Yield Fund |  | 7/31/236

Schedule of Investments  |  7/31/23
(unaudited) (continued)
Principal
Amount
USD ($)
          Value
  Electric — (continued)  
1,437,000 Leeward Renewable Energy Operations LLC, 4.25%, 7/1/29 (144A) $  1,272,061
2,675,000 NRG Energy, Inc., 3.875%, 2/15/32 (144A)   2,070,015
59,107 NSG Holdings LLC/NSG Holdings, Inc., 7.75%, 12/15/25 (144A)       58,663
1,485,000 Talen Energy Supply LLC, 8.625%, 6/1/30 (144A)   1,541,252
1,075,000 Vistra Operations Co. LLC, 4.375%, 5/1/29 (144A)      948,850
2,852,000 Vistra Operations Co. LLC, 5.625%, 2/15/27 (144A)   2,757,682
  Total Electric $12,000,508
  Electrical Components & Equipments — 1.1%  
1,800,000 Energizer Holdings, Inc., 4.75%, 6/15/28 (144A) $  1,616,814
2,109,000 Energizer Holdings, Inc., 6.50%, 12/31/27 (144A)   2,049,458
1,390,000 WESCO Distribution, Inc., 7.125%, 6/15/25 (144A)   1,405,950
  Total Electrical Components & Equipments   $5,072,222
  Electronics — 0.5%  
1,665,000 Coherent Corp., 5.00%, 12/15/29 (144A) $  1,498,500
795,000 Sensata Technologies, Inc., 3.75%, 2/15/31 (144A)     671,441
  Total Electronics   $2,169,941
  Engineering & Construction — 0.3%  
1,450,000 TopBuild Corp., 4.125%, 2/15/32 (144A) $  1,244,100
  Total Engineering & Construction   $1,244,100
  Entertainment — 0.8%  
1,230,000 Allwyn Entertainment Financing UK Plc, 7.875%, 4/30/29 (144A) $  1,254,430
1,115,000 Scientific Games Holdings LP/Scientific Games US FinCo, Inc., 6.625%, 3/1/30 (144A)      987,957
1,576,000 Scientific Games International, Inc., 7.25%, 11/15/29 (144A)   1,572,060
  Total Entertainment   $3,814,447
  Environmental Control — 1.1%  
875,000 GFL Environmental, Inc., 4.00%, 8/1/28 (144A) $    783,074
3,176,000 GFL Environmental, Inc., 4.375%, 8/15/29 (144A)   2,831,930
1,337,000 Tervita Corp., 11.00%, 12/1/25 (144A)   1,403,850
  Total Environmental Control   $5,018,854
  Food — 2.0%  
3,250,000 Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC, 6.50%, 2/15/28 (144A) $  3,237,227
3,595,000 FAGE International SA/FAGE USA Dairy Industry, Inc., 5.625%, 8/15/26 (144A)   3,387,359
7Pioneer High Yield Fund |  | 7/31/23

Principal
Amount
USD ($)
          Value
  Food — (continued)  
885,000 US Foods, Inc., 4.625%, 6/1/30 (144A) $    796,013
1,835,000 US Foods, Inc., 4.75%, 2/15/29 (144A)   1,687,755
  Total Food   $9,108,354
  Forest Products & Paper — 0.5%  
2,772,000 Mercer International, Inc., 5.125%, 2/1/29 $  2,269,856
  Total Forest Products & Paper   $2,269,856
  Healthcare-Products — 0.6%  
2,330,000 Medline Borrower LP, 3.875%, 4/1/29 (144A) $  2,040,316
1,020,000 Medline Borrower LP, 5.25%, 10/1/29 (144A)     904,922
  Total Healthcare-Products   $2,945,238
  Healthcare-Services — 1.5%  
1,060,000 LifePoint Health, Inc., 5.375%, 1/15/29 (144A) $    750,263
1,960,000 Prime Healthcare Services, Inc., 7.25%, 11/1/25 (144A)   1,861,983
2,044,000 Surgery Center Holdings, Inc., 10.00%, 4/15/27 (144A)   2,091,738
2,480,000 US Acute Care Solutions LLC, 6.375%, 3/1/26 (144A)   2,167,098
  Total Healthcare-Services   $6,871,082
  Home Builders — 1.4%  
3,790,000 Beazer Homes USA, Inc., 6.75%, 3/15/25 $  3,763,752
1,525,000 KB Home, 4.00%, 6/15/31   1,327,817
1,865,000 M/I Homes, Inc., 3.95%, 2/15/30   1,613,225
  Total Home Builders   $6,704,794
  Household Products/Wares — 0.8%  
4,350,000 Spectrum Brands, Inc., 3.875%, 3/15/31 (144A) $  3,587,691
  Total Household Products/Wares   $3,587,691
  Iron & Steel — 1.4%  
1,474,000 Carpenter Technology Corp., 6.375%, 7/15/28 $  1,451,478
2,715,000 Carpenter Technology Corp., 7.625%, 3/15/30   2,769,137
2,985,000 TMS International Corp., 6.25%, 4/15/29 (144A)   2,496,206
  Total Iron & Steel   $6,716,821
  Leisure Time — 3.0%  
500,000 Carnival Corp., 10.50%, 2/1/26 (144A) $    527,057
475,000 Carnival Holdings Bermuda, Ltd., 10.375%, 5/1/28 (144A)      518,296
2,130,000 NCL Corp., Ltd., 5.875%, 3/15/26 (144A)   2,015,529
3,105,000 NCL Corp., Ltd., 7.75%, 2/15/29 (144A)   2,972,929
585,000 NCL Finance, Ltd., 6.125%, 3/15/28 (144A)      532,350
Pioneer High Yield Fund |  | 7/31/238

Schedule of Investments  |  7/31/23
(unaudited) (continued)
Principal
Amount
USD ($)
          Value
  Leisure Time — (continued)  
855,000 Royal Caribbean Cruises, Ltd., 5.50%, 4/1/28 (144A) $    805,835
280,000 Royal Caribbean Cruises, Ltd., 7.25%, 1/15/30 (144A)      283,028
2,080,000 Royal Caribbean Cruises, Ltd., 11.625%, 8/15/27 (144A)   2,271,196
2,978,000 Viking Cruises, Ltd., 5.875%, 9/15/27 (144A)   2,784,698
1,165,000 Viking Ocean Cruises Ship VII, Ltd., 5.625%, 2/15/29 (144A)   1,083,718
  Total Leisure Time $13,794,636
  Lodging — 0.9%  
2,084,000 Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Esc, 5.00%, 6/1/29 (144A) $  1,862,658
2,556,000 Travel + Leisure Co., 6.625%, 7/31/26 (144A)   2,544,345
  Total Lodging   $4,407,003
  Media — 3.5%  
3,103,000 CCO Holdings LLC/CCO Holdings Capital Corp., 4.50%, 6/1/33 (144A) $  2,455,404
2,290,000 CCO Holdings LLC/CCO Holdings Capital Corp., 5.00%, 2/1/28 (144A)   2,116,260
2,869,000 CCO Holdings LLC/CCO Holdings Capital Corp., 5.125%, 5/1/27 (144A)   2,691,690
620,000 CCO Holdings LLC/CCO Holdings Capital Corp., 7.375%, 3/1/31 (144A)      616,467
78,000 Cengage Learning, Inc., 9.50%, 6/15/24 (144A)       78,222
200,000 CSC Holdings LLC, 5.00%, 11/15/31 (144A)      101,078
2,000,000 CSC Holdings LLC, 5.375%, 2/1/28 (144A)   1,670,137
3,688,000 CSC Holdings LLC, 7.50%, 4/1/28 (144A)   2,278,510
3,331,000 McGraw-Hill Education, Inc., 8.00%, 8/1/29 (144A)   2,864,660
85,000 Univision Communications, Inc., 7.375%, 6/30/30 (144A)       82,732
1,695,000 VZ Secured Financing BV, 5.00%, 1/15/32 (144A)   1,377,395
  Total Media $16,332,555
  Metal Fabricate/Hardware — 0.2%  
1,230,000 Park-Ohio Industries, Inc., 6.625%, 4/15/27 $  1,081,029
  Total Metal Fabricate/Hardware   $1,081,029
  Mining — 3.0%  
1,856,000 Coeur Mining, Inc., 5.125%, 2/15/29 (144A) $  1,539,998
1,109,000 Constellium SE, 3.75%, 4/15/29 (144A)      964,176
3,320,000 Eldorado Gold Corp., 6.25%, 9/1/29 (144A)   2,971,787
625,000 First Quantum Minerals, Ltd., 6.875%, 3/1/26 (144A)      616,406
9Pioneer High Yield Fund |  | 7/31/23

Principal
Amount
USD ($)
          Value
  Mining — (continued)  
1,680,000 First Quantum Minerals, Ltd., 6.875%, 10/15/27 (144A) $  1,651,810
3,295,000 First Quantum Minerals, Ltd., 8.625%, 6/1/31 (144A)   3,373,256
2,503,000 IAMGOLD Corp., 5.75%, 10/15/28 (144A)   1,927,310
900,000 Novelis Corp., 3.875%, 8/15/31 (144A)     749,433
  Total Mining $13,794,176
  Miscellaneous Manufacturing — 0.9%  
3,990,000 Trinity Industries, Inc., 7.75%, 7/15/28 (144A) $  4,059,731
  Total Miscellaneous Manufacturing   $4,059,731
  Oil & Gas — 10.9%  
2,066,000 Aethon United BR LP/Aethon United Finance Corp., 8.25%, 2/15/26 (144A) $  2,050,301
2,767,000 Ascent Resources Utica Holdings LLC/ARU Finance Corp., 5.875%, 6/30/29 (144A)   2,497,758
3,545,000 Baytex Energy Corp., 8.75%, 4/1/27 (144A)   3,632,969
1,700,000 Civitas Resources, Inc., 8.375%, 7/1/28 (144A)   1,748,552
1,700,000 Civitas Resources, Inc., 8.75%, 7/1/31 (144A)   1,759,500
4,307,000 Energean Plc, 6.50%, 4/30/27 (144A)   3,923,677
2,740,000 Harbour Energy Plc, 5.50%, 10/15/26 (144A)   2,541,598
850,000 Hilcorp Energy I LP/Hilcorp Finance Co., 6.00%, 4/15/30 (144A)      785,683
850,000 Hilcorp Energy I LP/Hilcorp Finance Co., 6.25%, 4/15/32 (144A)      772,587
2,558,000 International Petroleum Corp., 7.25%, 2/1/27 (144A)   2,377,661
1,365,000 Kosmos Energy, Ltd., 7.75%, 5/1/27 (144A)   1,253,538
1,990,000 Matador Resources Co., 6.875%, 4/15/28 (144A)   1,977,675
470,000 Nabors Industries, Inc., 7.375%, 5/15/27 (144A)      459,651
2,359,000 Neptune Energy Bondco Plc, 6.625%, 5/15/25 (144A)   2,341,666
585,000 Noble Finance II LLC, 8.00%, 4/15/30 (144A)      601,819
2,790,000 Parkland Corp., 4.625%, 5/1/30 (144A)   2,448,370
608,000 Precision Drilling Corp., 6.875%, 1/15/29 (144A)      573,326
1,475,000 Seadrill Finance, Ltd., 8.375%, 8/1/30 (144A)   1,505,533
270,000(e) Seadrill Finance, Ltd., 8.375%, 8/1/30 (144A)      275,589
1,628,000 Shelf Drilling Holdings, Ltd., 8.25%, 2/15/25 (144A)   1,554,740
1,635,000 Shelf Drilling Holdings, Ltd., 8.875%, 11/15/24 (144A)   1,639,087
2,988,000 Southwestern Energy Co., 5.375%, 3/15/30   2,795,687
3,573,000 Strathcona Resources, Ltd., 6.875%, 8/1/26 (144A)   3,137,198
1,885,000 Sunoco LP/Sunoco Finance Corp., 4.50%, 4/30/30   1,671,264
1,310,000 Transocean, Inc., 8.75%, 2/15/30 (144A)   1,360,081
430,000 Transocean Titan Financing, Ltd., 8.375%, 2/1/28 (144A)      443,975
Pioneer High Yield Fund |  | 7/31/2310

Schedule of Investments  |  7/31/23
(unaudited) (continued)
Principal
Amount
USD ($)
          Value
  Oil & Gas — (continued)  
2,049,000 Tullow Oil Plc, 10.25%, 5/15/26 (144A) $  1,665,837
2,435,000 Valaris, Ltd., 8.375%, 4/30/30 (144A)   2,491,492
  Total Oil & Gas $50,286,814
  Oil & Gas Services — 0.5%  
2,115,000 Enerflex, Ltd., 9.00%, 10/15/27 (144A) $  2,128,102
  Total Oil & Gas Services   $2,128,102
  Packaging & Containers — 1.6%  
1,768,000 Clearwater Paper Corp., 4.75%, 8/15/28 (144A) $  1,556,455
3,835,000 OI European Group BV, 4.75%, 2/15/30 (144A)   3,463,606
880,000 Owens-Brockway Glass Container, Inc., 7.25%, 5/15/31 (144A)      894,274
1,810,000 Sealed Air Corp., 5.00%, 4/15/29 (144A)   1,689,562
  Total Packaging & Containers   $7,603,897
  Pharmaceuticals — 2.8%  
2,906,000 AdaptHealth LLC, 5.125%, 3/1/30 (144A) $  2,404,490
3,300,000 Owens & Minor, Inc., 6.625%, 4/1/30 (144A)   3,021,073
4,600,000 P&L Development LLC/PLD Finance Corp., 7.75%, 11/15/25 (144A)   3,969,754
1,746,000 Par Pharmaceutical, Inc., 7.50%, 4/1/27 (144A)   1,283,162
778,000 Teva Pharmaceutical Finance Netherlands III BV, 4.75%, 5/9/27      725,226
778,000 Teva Pharmaceutical Finance Netherlands III BV, 5.125%, 5/9/29      712,842
1,025,000 Teva Pharmaceutical Finance Netherlands III BV, 7.875%, 9/15/29   1,067,009
2,122,000 Tricida, Inc., 3.50%, 5/15/27          —
  Total Pharmaceuticals $13,183,556
  Pipelines — 5.1%  
3,340,000 CQP Holdco LP/BIP-V Chinook Holdco LLC, 5.50%, 6/15/31 (144A) $  3,037,794
2,195,000 Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp., 7.375%, 2/1/31 (144A)   2,189,429
2,606,000 Delek Logistics Partners LP/Delek Logistics Finance Corp., 6.75%, 5/15/25   2,555,626
1,215,000 Delek Logistics Partners LP/Delek Logistics Finance Corp., 7.125%, 6/1/28 (144A)   1,123,875
3,520,000(f)(g) Energy Transfer LP, 7.125% (5 Year CMT Index + 531 bps)   3,091,620
68,000 EnLink Midstream LLC, 5.375%, 6/1/29       64,722
1,375,000 EnLink Midstream LLC, 6.50%, 9/1/30 (144A)   1,383,980
11Pioneer High Yield Fund |  | 7/31/23

Principal
Amount
USD ($)
          Value
  Pipelines — (continued)  
547,000 EnLink Midstream Partners LP, 4.15%, 6/1/25 $    526,542
685,000 EnLink Midstream Partners LP, 5.05%, 4/1/45      545,007
1,313,000 EnLink Midstream Partners LP, 5.60%, 4/1/44   1,080,482
1,295,000 Genesis Energy LP/Genesis Energy Finance Corp., 8.00%, 1/15/27   1,274,483
4,126,000 Harvest Midstream I LP, 7.50%, 9/1/28 (144A)   4,054,977
1,010,000 Venture Global LNG, Inc., 8.125%, 6/1/28 (144A)   1,026,545
1,895,000 Venture Global LNG, Inc., 8.375%, 6/1/31 (144A)   1,922,889
  Total Pipelines $23,877,971
  Real Estate — 0.4%  
2,470,000 Kennedy-Wilson, Inc., 4.75%, 2/1/30 $  1,927,168
  Total Real Estate   $1,927,168
  REITs — 3.1%  
4,478,000 HAT Holdings I LLC/HAT Holdings II LLC , 3.375%, 6/15/26 (144A) $  4,044,632
3,435,000 Iron Mountain, Inc., 7.00%, 2/15/29 (144A)   3,446,817
3,500,000 MPT Operating Partnership LP/MPT Finance Corp., 3.50%, 3/15/31   2,525,939
2,890,000 Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC, 6.00%, 1/15/30 (144A)   1,911,012
2,090,000 Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC, 6.50%, 2/15/29 (144A)   1,453,878
785,000 Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC, 10.50%, 2/15/28 (144A)     780,306
  Total REITs $14,162,584
  Retail — 4.0%  
1,708,000 Abercrombie & Fitch Management Co., 8.75%, 7/15/25 (144A) $  1,732,612
4,370,000 Asbury Automotive Group, Inc., 4.625%, 11/15/29 (144A)   3,866,158
1,792,000 Bath & Body Works, Inc., 6.625%, 10/1/30 (144A)   1,731,760
1,845,000 Beacon Roofing Supply, Inc., 4.125%, 5/15/29 (144A)   1,629,781
2,035,000 Brinker International, Inc., 8.25%, 7/15/30 (144A)   2,046,131
845,000 Gap, Inc., 3.625%, 10/1/29 (144A)      630,118
465,000 Gap, Inc., 3.875%, 10/1/31 (144A)      332,526
275,000 GYP Holdings III Corp., 4.625%, 5/1/29 (144A)      245,630
2,294,000 Ken Garff Automotive LLC, 4.875%, 9/15/28 (144A)   2,009,862
Pioneer High Yield Fund |  | 7/31/2312

Schedule of Investments  |  7/31/23
(unaudited) (continued)
Principal
Amount
USD ($)
          Value
  Retail — (continued)  
3,775,000 LCM Investments Holdings II LLC, 4.875%, 5/1/29 (144A) $  3,293,636
995,000 Macy's Retail Holdings LLC, 5.875%, 4/1/29 (144A)     924,305
  Total Retail $18,442,519
  Software — 0.3%  
1,431,000 AthenaHealth Group, Inc., 6.50%, 2/15/30 (144A) $  1,212,502
  Total Software   $1,212,502
  Telecommunications — 2.4%  
4,507,000 Altice France Holding SA, 6.00%, 2/15/28 (144A) $  1,677,310
465,000 Altice France SA, 5.125%, 1/15/29 (144A)      324,112
2,180,000 Altice France SA, 5.125%, 7/15/29 (144A)   1,526,687
1,510,000 CommScope Technologies LLC, 5.00%, 3/15/27 (144A)   1,007,159
2,210,000 CommScope, Inc., 4.75%, 9/1/29 (144A)   1,702,555
829,000 CommScope, Inc., 8.25%, 3/1/27 (144A)      627,574
1,798,000 Level 3 Financing, Inc., 10.50%, 5/15/30 (144A)   1,862,486
2,685,000 Windstream Escrow LLC/Windstream Escrow Finance Corp., 7.75%, 8/15/28 (144A)   2,261,470
  Total Telecommunications $10,989,353
  Transportation — 1.4%  
2,891,000 Carriage Purchaser, Inc., 7.875%, 10/15/29 (144A) $  2,276,315
2,009,000 Danaos Corp., 8.50%, 3/1/28 (144A)   2,030,014
2,510,000 Rand Parent LLC, 8.50%, 2/15/30 (144A)   2,360,187
3,590,000 Western Global Airlines LLC, 10.375%, 8/15/25 (144A)      17,950
  Total Transportation   $6,684,466
  Trucking & Leasing — 0.3%  
1,205,000 Fortress Transportation and Infrastructure Investors LLC, 9.75%, 8/1/27 (144A) $  1,254,604
  Total Trucking & Leasing   $1,254,604
  Total Corporate Bonds
(Cost $438,194,265)
$400,458,756
13Pioneer High Yield Fund |  | 7/31/23

Shares           Value
  Rights/Warrants — 0.0% of Net Assets  
  Health Care Providers & Services — 0.0%  
2,136(b)(h)+ Option Care Health, Inc., 7/27/25 $      8,758
2,136(b)(i)+ Option Care Health, Inc., 12/31/25       7,113
  Total Health Care Providers & Services      $15,871
  Trading Companies & Distributors — 0.0%  
GBP56,875(b)(j) Avation Plc, 1/1/59 $     36,495
  Total Trading Companies & Distributors      $36,495
  Total Rights/Warrants
(Cost $—)
     $52,366
Face
Amount
USD ($)
           
  Insurance-Linked Securities — 0.1% of Net
Assets#
 
  Collateralized Reinsurance — 0.0%  
  Multiperil – Worldwide — 0.0%  
1,000,000(b)(k)+ Cypress Re 2017, 1/31/24 $        100
555,123(b)(k)+ Dartmouth Re 2018, 1/31/24       83,218
39,000(b)(c)(k)+ Limestone Re 2019-2B, 10/1/23 (144A)          —
                 $83,318
  Windstorm – Florida — 0.0%  
400,000(b)(k)+ Formby Re 2018, 2/29/24 $     12,809
750,000(b)(k)+ Portrush Re 2017, 6/15/24          75
                 $12,884
  Total Collateralized Reinsurance      $96,202
  Reinsurance Sidecars — 0.1%  
  Multiperil – U.S. — 0.0%  
1,400,000(b)(l)+ Harambee Re 2018, 12/31/24 $         —
973,488(b)(l)+ Harambee Re 2019, 12/31/24       1,752
                  $1,752
  Multiperil – Worldwide — 0.1%  
1,067,182(b)(k)+ Berwick Re 2019-1, 12/31/24 $    170,216
411,569(b)(l)+ Lorenz Re 2019, 6/30/24        4,568
900,000(k)+ Merion Re 2018-2, 12/31/24       62,986
600,000(l)+ Thopas Re 2019, 12/31/24        1,980
300,000(b)(l)+ Viribus Re 2018, 12/31/24           —
127,384(b)(l)+ Viribus Re 2019, 12/31/24          905
Pioneer High Yield Fund |  | 7/31/2314

Schedule of Investments  |  7/31/23
(unaudited) (continued)
Face
Amount
USD ($)
          Value
  Multiperil – Worldwide — (continued)  
405,831(b)(k)+ Woburn Re 2018, 12/31/24 $      8,049
419,863(b)(k)+ Woburn Re 2019, 12/31/24      72,670
                $321,374
  Total Reinsurance Sidecars     $323,126
  Total Insurance-Linked Securities
(Cost $1,192,716)
    $419,328
Shares            
  SHORT TERM INVESTMENTS — 5.4% of Net
Assets
 
  Open-End Fund — 5.4%  
25,308,309(m) Dreyfus Government Cash Management,
Institutional Shares, 5.14%
$ 25,308,309
             $25,308,309
  TOTAL SHORT TERM INVESTMENTS
(Cost $25,308,309)
$25,308,309
  TOTAL INVESTMENTS IN UNAFFILIATED ISSUERS — 97.4%
(Cost $490,523,493)
$451,441,062
  OTHER ASSETS AND LIABILITIES — 2.6%  $11,830,524
  net assets — 100.0% $463,271,586
             
bps Basis Points.
CMT Constant Maturity Treasury Index.
REIT Real Estate Investment Trust.
SOFR Secured Overnight Financing Rate.
(144A) The resale of such security is exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold normally to qualified institutional buyers. At July 31, 2023, the value of these securities amounted to $352,355,362, or 76.1% of net assets.
(a) Floating rate note. Coupon rate, reference index and spread shown at July 31, 2023.
(b) Non-income producing security.
(c) Security issued with a zero coupon. Income is recognized through accretion of discount.
(d) Payment-in-kind (PIK) security which may pay interest in the form of additional principal amount.
15Pioneer High Yield Fund |  | 7/31/23

(e) Securities purchased on a when-issued basis. Rates do not take effect until settlement date.
(f) Security is perpetual in nature and has no stated maturity date.
(g) The interest rate is subject to change periodically. The interest rate and/or reference index and spread shown at July 31, 2023.
(h) Option Care Health, Inc., 7/27/25 warrants are exercisable into 2,136 shares.
(i) Option Care Health, Inc., 12/31/25 warrants are exercisable into 2,136 shares.
(j) Avation Plc, 1/1/59 warrants are exercisable into 56,875 shares.
(k) Issued as participation notes.
(l) Issued as preference shares.
(m) Rate periodically changes. Rate disclosed is the 7-day yield at July 31, 2023.
* Senior secured floating rate loan interests in which the Fund invests generally pay interest at rates that are periodically re-determined by reference to a base lending rate plus a premium. These base lending rates are generally (i) the lending rate offered by one or more major European banks, such as LIBOR or SOFR, (ii) the prime rate offered by one or more major United States banks, (iii) the rate of a certificate of deposit or (iv) other base lending rates used by commercial lenders. The interest rate shown is the rate accruing at July 31, 2023.
Amount rounds to less than 0.1%.
+ Security is valued using significant unobservable inputs (Level 3).
# Securities are restricted as to resale.
Restricted Securities Acquisition date Cost Value
Berwick Re 2019-1 12/31/2018 $127,519 $170,216
Cypress Re 2017 1/24/2017 3,361 100
Dartmouth Re 2018 1/18/2018 191,651 83,218
Formby Re 2018 7/9/2018 1,243 12,809
Harambee Re 2018 12/19/2017 29,723
Harambee Re 2019 4/24/2019 1,752
Limestone Re 2019-2B 6/20/2018 287
Lorenz Re 2019 7/10/2019 77,293 4,568
Merion Re 2018-2 12/28/2017 62,986
Portrush Re 2017 6/12/2017 575,239 75
Thopas Re 2019 12/21/2018 1,980
Viribus Re 2018 12/22/2017 6,335
Viribus Re 2019 3/25/2019 905
Woburn Re 2018 3/20/2018 121,896 8,049
Woburn Re 2019 1/30/2019 58,169 72,670
Total Restricted Securities     $419,328
% of Net assets     0.1%
Pioneer High Yield Fund |  | 7/31/2316

Schedule of Investments  |  7/31/23
(unaudited) (continued)
SWAP CONTRACTS
CENTRALLY CLEARED CREDIT DEFAULT SWAP CONTRACTS – BUY PROTECTION
Notional
Amount ($)(1)
Reference
Obligation/Index
Pay/
Receive(2)
Annual
Fixed Rate
Expiration
Date
Premiums
(Received)
Unrealized
Appreciation
(Depreciation)
Market
Value
31,550,000 Markit CDX North America High Yield Index Series 40 Pay 5.00% 6/20/28 $(460,597) $(830,657) $(1,291,254)
TOTAL CENTRALLY CLEARED CREDIT DEFAULT
SWAP CONTRACTS – BUY PROTECTION
$(460,597) $(830,657) $(1,291,254)
CENTRALLY CLEARED CREDIT DEFAULT SWAP CONTRACTS – SELL PROTECTION
Notional
Amount ($)(1)
Reference
Obligation/Index
Pay/
Receive(3)
Annual
Fixed Rate
Expiration
Date
Premiums
(Received)
Unrealized
Appreciation
(Depreciation)
Market
Value
1,601,600 Markit CDX North America High Yield Series 33 Receive 5.00% 12/20/24 $(1,695) $57,483 $55,788
TOTAL CENTRALLY CLEARED CREDIT DEFAULT
SWAP CONTRACTS – SELL PROTECTION
$(1,695) $57,483 $55,788
TOTAL SWAP CONTRACTS   $(462,292) $(773,174) $(1,235,466)
   
(1) The notional amount is the maximum amount that a seller of credit protection would be obligated to pay upon occurrence of a credit event.
(2) Pays quarterly.
(3) Receives quarterly.
Principal amounts are denominated in U.S. dollars (“USD”) unless otherwise noted.
GBP — Great British Pound
17Pioneer High Yield Fund |  | 7/31/23

Various inputs are used in determining the value of the Fund'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 July 31, 2023, in valuing the Fund's investments:
  Level 1 Level 2 Level 3 Total
Senior Secured Floating Rate Loan Interests $$6,900,898 $$6,900,898
Common Stocks        
Automobile Components 696,706 696,706
Oil, Gas & Consumable Fuels 169 169
Passenger Airlines 1,216,639 1,216,639
Collateralized Mortgage Obligations 73,480 73,480
Commercial Mortgage-Backed Security 830,881 830,881
Convertible Corporate Bonds 15,483,530 15,483,530
Corporate Bonds 400,458,756 400,458,756
Rights/Warrants        
Health Care Providers & Services 15,871 15,871
Trading Companies & Distributors 36,495 36,495
Insurance-Linked Securities        
Collateralized Reinsurance        
Multiperil – Worldwide 83,318 83,318
Windstorm – Florida 12,884 12,884
Reinsurance Sidecars        
Multiperil – U.S. 1,752 1,752
Multiperil – Worldwide 321,374 321,374
Open-End Fund 25,308,309 25,308,309
Total Investments in Securities $25,344,973 $424,444,251 $1,651,838 $451,441,062
Other Financial Instruments        
Swap contracts, at value $$(1,235,466) $$(1,235,466)
Total Other Financial Instruments $$(1,235,466) $$(1,235,466)
During the period ended July 31, 2023, there were no significant transfers in or out of Level 3.
Pioneer High Yield Fund |  | 7/31/2318