NPORT-EX 2 AAPI250AMU093023.htm
Pioneer Global High Yield Fund
Schedule of Investments  |  July 31, 2023
     
A: PGHYX C: PGYCX Y: GHYYX

Schedule of Investments  |  7/31/23
(unaudited) 
Principal
Amount
USD ($)
          Value
  UNAFFILIATED ISSUERS — 95.1%  
  Senior Secured Floating Rate Loan
Interests — 2.2% of Net Assets*(a)
 
  Auto Parts & Equipment — 0.6%  
818,247 First Brands Group LLC, First Lien 2021 Term Loan, 10.881% (Term SOFR + 500 bps), 3/30/27 $    812,110
  Total Auto Parts & Equipment     $812,110
  Metal Processors & Fabrication — 0.4%  
628,800 Grinding Media, Inc. (Molycop, Ltd.), First Lien Initial Term Loan, 9.53% (Term SOFR + 400 bps), 10/12/28 $    617,796
  Total Metal Processors & Fabrication     $617,796
  Oil-Field Services — 0.3%  
420,085 ProFrac Holdings II LLC, Term Loan, 12.78% (Term SOFR + 725 bps), 3/4/25 $    421,661
  Total Oil-Field Services     $421,661
  Physical Practice Management — 0.5%  
933,231 Team Health Holdings, Inc., Extended Term Loan, 10.569% (Term SOFR + 525 bps), 3/2/27 $    650,928
  Total Physical Practice Management     $650,928
  Telecom Services — 0.4%  
739,413 Patagonia Holdco LLC, Amendment No.1 Term Loan, 10.789% (Term SOFR + 575 bps), 8/1/29 $    638,668
  Total Telecom Services     $638,668
  Total Senior Secured Floating Rate Loan Interests
(Cost $3,320,927)
  $3,141,163
Shares            
  Common Stocks — 0.8% of Net Assets  
  Automobile Components — 0.4%  
5,735,146(b) Ascent CNR Corp., Class A $    573,515
  Total Automobile Components     $573,515
  Chemicals — 0.0%  
148 LyondellBasell Industries NV, Class A $     14,631
  Total Chemicals      $14,631
1Pioneer Global High Yield Fund |  | 7/31/23

Shares           Value
  Household Durables — 0.0%  
1,443,476(b) Desarrolladora Homex SAB de CV $      1,034
  Total Household Durables       $1,034
  Oil, Gas & Consumable Fuels — 0.0%  
25(b) Amplify Energy Corp. $        184
  Total Oil, Gas & Consumable Fuels         $184
  Paper & Forest Products — 0.0%  
459,481+ Emerald Plantation Holdings, Ltd. $         —
  Total Paper & Forest Products          $
  Passenger Airlines — 0.4%  
36,096(b)+ Grupo Aeromexico SAB de CV $    485,016
  Total Passenger Airlines     $485,016
  Total Common Stocks
(Cost $1,302,982)
  $1,074,380
Principal
Amount
USD ($)
           
  Collateralized Mortgage
Obligations—0.1% of Net Assets
 
110,590(a) DSLA Mortgage Loan Trust, Series 2005-AR6, Class 2A1C, 6.201% (1 Month Term SOFR + 95 bps), 10/19/45 $    111,602
  Total Collateralized Mortgage Obligations
(Cost $0)
    $111,602
  Commercial Mortgage-Backed
Security—0.2% of Net Assets
 
323,448(a) Med Trust, Series 2021-MDLN, Class G, 10.586% (1 Month Term SOFR + 536 bps), 11/15/38 (144A) $    300,040
  Total Commercial Mortgage-Backed Security
(Cost $323,448)
    $300,040
  Convertible Corporate Bonds —
3.0% of Net Assets
 
  Airlines — 0.7%  
398,000 Air Canada, 4.00%, 7/1/25 $    538,754
453,000 Spirit Airlines, Inc., 1.00%, 5/15/26     398,725
  Total Airlines     $937,479
Pioneer Global High Yield Fund |  | 7/31/232

Schedule of Investments  |  7/31/23
(unaudited) (continued)
Principal
Amount
USD ($)
          Value
  Banks — 0.1%  
IDR11,178,198,000 PT Bakrie & Brothers Tbk, 10/31/23 $     78,574
  Total Banks      $78,574
  Biotechnology — 0.2%  
363,000 Insmed, Inc., 1.75%, 1/15/25 $    345,757
  Total Biotechnology     $345,757
  Energy-Alternate Sources — 0.3%  
435,000(c) Enphase Energy, Inc., 3/1/28 $    391,954
  Total Energy-Alternate Sources     $391,954
  Entertainment — 0.8%  
753,000(c) DraftKings Holdings, Inc., 3/15/28 $    579,057
520,000 IMAX Corp., 0.50%, 4/1/26     486,876
  Total Entertainment   $1,065,933
  Pharmaceuticals — 0.2%  
336,000 Revance Therapeutics, Inc., 1.75%, 2/15/27 $    339,864
  Total Pharmaceuticals     $339,864
  Semiconductors — 0.2%  
220,000 ON Semiconductor Corp., 0.50%, 3/1/29 (144A) $    267,889
  Total Semiconductors     $267,889
  Software — 0.5%  
272,000 Bentley Systems, Inc., 0.375%, 7/1/27 $    243,712
196,000 Jamf Holding Corp., 0.125%, 9/1/26      169,710
331,000 Verint Systems, Inc., 0.25%, 4/15/26     296,658
  Total Software     $710,080
  Total Convertible Corporate Bonds
(Cost $4,895,273)
  $4,137,530
  Corporate Bonds — 81.1% of Net
Assets
 
  Advertising — 0.5%  
890,000 Clear Channel Outdoor Holdings, Inc., 7.50%, 6/1/29 (144A) $    708,449
  Total Advertising     $708,449
  Aerospace & Defense — 0.3%  
400,000 Triumph Group, Inc., 9.00%, 3/15/28 (144A) $    410,854
  Total Aerospace & Defense     $410,854
3Pioneer Global High Yield Fund |  | 7/31/23

Principal
Amount
USD ($)
          Value
  Agriculture — 1.0%  
1,550,000 Frigorifico Concepcion SA, 7.70%, 7/21/28 (144A) $  1,325,250
  Total Agriculture   $1,325,250
  Airlines — 3.8%  
2,452,430(d) ABRA Global Finance, 11.50% (5.50% PIK or 6.00% Cash), 3/2/28 (144A) $  2,071,899
204,750 American Airlines 2021-1 Class B Pass Through Trust, 3.95%, 7/11/30      177,244
420,000 Azul Secured Finance LLP, 11.93%, 8/28/28 (144A)      422,625
1,000,000 Grupo Aeromexico SAB de CV, 8.50%, 3/17/27 (144A)      905,890
340,000 Pegasus Hava Tasimaciligi AS, 9.25%, 4/30/26 (144A)      343,060
1,000,000 VistaJet Malta Finance Plc/Vista Management Holding, Inc., 6.375%, 2/1/30 (144A)      846,470
585,000 VistaJet Malta Finance Plc/Vista Management Holding, Inc., 7.875%, 5/1/27 (144A)     542,422
  Total Airlines   $5,309,610
  Auto Manufacturers — 1.0%  
325,000 Ford Motor Co., 6.10%, 8/19/32 $    314,429
300,000 Ford Motor Credit Co. LLC, 3.625%, 6/17/31      247,985
845,000 Ford Motor Credit Co. LLC, 4.125%, 8/17/27     773,226
  Total Auto Manufacturers   $1,335,640
  Auto Parts & Equipment — 1.4%  
EUR600,000 Dana Financing Luxembourg S.a.r.l., 8.50%, 7/15/31 (144A) $    692,685
600,000 Dealer Tire LLC/DT Issuer LLC, 8.00%, 2/1/28 (144A)      551,806
EUR615,000(d) IHO Verwaltungs GmbH, 8.75% (9.50% PIK or 8.75% Cash), 5/15/28 (144A)     708,312
  Total Auto Parts & Equipment   $1,952,803
  Banks — 2.2%  
700,000 Akbank TAS, 5.125%, 3/31/25 $    671,748
120,000 Akbank TAS, 6.80%, 2/6/26 (144A)      116,834
830,000(e) Bank Leumi Le-Israel BM, 7.129% (5 Year CMT Index + 347 bps), 7/18/33 (144A)      817,550
529,000 Freedom Mortgage Corp., 8.25%, 4/15/25 (144A)      522,750
Pioneer Global High Yield Fund |  | 7/31/234

Schedule of Investments  |  7/31/23
(unaudited) (continued)
Principal
Amount
USD ($)
          Value
  Banks — (continued)  
1,030,000(e) Intesa Sanpaolo S.p.A., 4.198% (1 Year CMT Index + 260 bps), 6/1/32 (144A) $    793,205
1,025,000(e)(f)(g) Sovcombank Via SovCom Capital DAC, 7.60% (5 Year CMT Index + 636 bps) (144A)       37,028
750,000(e)(f)(g) Sovcombank Via SovCom Capital DAC, 7.75% (5 Year CMT Index + 638 bps) (144A)      21,094
  Total Banks   $2,980,209
  Biotechnology — 0.9%  
EUR1,000,000 Cidron Aida Finco S.a.r.l., 5.00%, 4/1/28 (144A) $    998,016
GBP220,000 Cidron Aida Finco S.a.r.l., 6.25%, 4/1/28 (144A)     246,339
  Total Biotechnology   $1,244,355
  Building Materials — 1.1%  
EUR885,000 HT Troplast GmbH, 9.375%, 7/15/28 (144A) $    971,578
490,000 Knife River Corp., 7.75%, 5/1/31 (144A)     499,676
  Total Building Materials   $1,471,254
  Chemicals — 4.2%  
705,000 Braskem Idesa SAPI, 6.99%, 2/20/32 (144A) $    454,638
EUR465,000 Lune Holdings S.a.r.l., 5.625%, 11/15/28 (144A)      414,696
809,000 Mativ Holdings, Inc., 6.875%, 10/1/26 (144A)      704,489
EUR580,000 Olympus Water US Holding Corp., 9.625%, 11/15/28 (144A)      615,213
980,000 Olympus Water US Holding Corp., 9.75%, 11/15/28 (144A)      948,150
965,000 Rain CII Carbon LLC/CII Carbon Corp., 7.25%, 4/1/25 (144A)      960,175
EUR445,000 SCIL IV LLC/SCIL USA Holdings LLC, 4.375%, 11/1/26 (144A)      450,784
515,000 SCIL IV LLC/SCIL USA Holdings LLC, 5.375%, 11/1/26 (144A)      473,366
EUR410,000 SCIL IV LLC/SCIL USA Holdings LLC, 9.50%, 7/15/28 (144A)      458,846
348,000 Tronox, Inc., 4.625%, 3/15/29 (144A)     288,484
  Total Chemicals   $5,768,841
  Commercial Services — 4.5%  
960,000 Allied Universal Holdco LLC/Allied Universal Finance Corp., 9.75%, 7/15/27 (144A) $    880,405
400,000 Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 S.a.r.l., 4.625%, 6/1/28 (144A)      340,000
5Pioneer Global High Yield Fund |  | 7/31/23

Principal
Amount
USD ($)
          Value
  Commercial Services — (continued)  
1,047,000 Atento Luxco 1 SA, 8.00%, 2/10/26 (144A) $     20,940
EUR765,000 Avis Budget Finance Plc, 7.25%, 7/31/30 (144A)      841,454
1,232,000 Garda World Security Corp., 6.00%, 6/1/29 (144A)   1,025,098
750,000 Garda World Security Corp., 9.50%, 11/1/27 (144A)      734,141
EUR470,000 IPD 3 BV, 8.00%, 6/15/28 (144A)      532,268
675,000 Neptune Bidco US, Inc., 9.29%, 4/15/29 (144A)      620,902
805,000 Prime Security Services Borrower LLC/Prime Finance, Inc., 6.25%, 1/15/28 (144A)      757,852
525,000 Sotheby's, 7.375%, 10/15/27 (144A)     465,078
  Total Commercial Services   $6,218,138
  Distribution/Wholesale — 0.4%  
555,000 Windsor Holdings III LLC, 8.50%, 6/15/30 (144A) $    557,775
  Total Distribution/Wholesale     $557,775
  Diversified Financial Services — 8.4%  
1,765,000 ASG Finance Designated Activity Co., 7.875%, 12/3/24 (144A) $  1,712,050
416,628(d) Avation Capital SA, 8.25% (9.00% PIK or 8.25% Cash), 10/31/26 (144A)      363,223
890,000 B3 SA - Brasil Bolsa Balcao, 4.125%, 9/20/31 (144A)      761,395
700,000(g) Credito Real SAB de CV SOFOM ER, 8.00%, 1/21/28 (144A)       77,000
EUR300,000 Garfunkelux Holdco 3 SA, 6.75%, 11/1/25 (144A)      240,112
GBP510,000 Garfunkelux Holdco 3 SA, 7.75%, 11/1/25 (144A)      470,592
150,000 GGAM Finance, Ltd., 7.75%, 5/15/26 (144A)      150,690
765,000 GGAM Finance, Ltd., 8.00%, 6/15/28 (144A)      776,475
1,424,306(d) Global Aircraft Leasing Co., Ltd., 6.50% (7.25% PIK or 6.50% Cash), 9/15/24 (144A)   1,342,280
EUR935,000 Intrum AB, 9.25%, 3/15/28 (144A)      893,103
430,000 Jefferies Finance LLC/JFIN Co.-Issuer Corp., 5.00%, 8/15/28 (144A)      367,449
605,000 OneMain Finance Corp., 9.00%, 1/15/29      614,740
997,000 Provident Funding Associates LP/PFG Finance Corp., 6.375%, 6/15/25 (144A)      882,912
EUR360,000 Sherwood Financing Plc, 4.50%, 11/15/26      341,458
Pioneer Global High Yield Fund |  | 7/31/236

Schedule of Investments  |  7/31/23
(unaudited) (continued)
Principal
Amount
USD ($)
          Value
  Diversified Financial Services — (continued)  
GBP960,000 Sherwood Financing Plc, 6.00%, 11/15/26 (144A) $  1,027,775
1,066,000(g) Unifin Financiera SAB de CV, 8.375%, 1/27/28 (144A)       49,240
599,000 United Wholesale Mortgage LLC, 5.50%, 4/15/29 (144A)      526,597
1,020,000 United Wholesale Mortgage LLC, 5.75%, 6/15/27 (144A)     954,342
  Total Diversified Financial Services $11,551,433
  Electric — 1.8%  
610,000 Clearway Energy Operating LLC, 3.75%, 2/15/31 (144A) $    505,565
EUR280,000 ContourGlobal Power Holdings SA, 3.125%, 1/1/28 (144A)      255,416
945,000 Pampa Energia SA, 7.50%, 1/24/27 (144A)      904,312
445,000 Talen Energy Supply LLC, 8.625%, 6/1/30 (144A)      461,857
350,000 Vistra Operations Co. LLC, 4.375%, 5/1/29 (144A)     308,928
  Total Electric   $2,436,078
  Electrical Components & Equipments — 0.4%  
EUR675,000 Energizer Gamma Acquisition BV, 3.50%, 6/30/29 (144A) $    605,170
  Total Electrical Components & Equipments     $605,170
  Energy-Alternate Sources — 0.1%  
288,223(d) SCC Power Plc, 4.00% (4.00% PIK or 4.00% Cash), 5/17/32 (144A) $     28,390
532,105(d) SCC Power Plc, 8.00% (4.00% PIK or 4.00% Cash or 8.00% Cash), 12/31/28 (144A)     174,264
  Total Energy-Alternate Sources     $202,654
  Engineering & Construction — 0.3%  
280,000 IHS Holding, Ltd., 5.625%, 11/29/26 (144A) $    244,311
275,000 IHS Holding, Ltd., 6.25%, 11/29/28 (144A)     226,710
  Total Engineering & Construction     $471,021
  Entertainment — 2.0%  
EUR320,000 Allwyn Entertainment Financing UK Plc, 7.25%, 4/30/30 (144A) $    358,479
200,000 Allwyn Entertainment Financing UK Plc, 7.875%, 4/30/29 (144A)      203,972
7Pioneer Global High Yield Fund |  | 7/31/23

Principal
Amount
USD ($)
          Value
  Entertainment — (continued)  
EUR900,000 Cirsa Finance International S.a.r.l., 4.50%, 3/15/27 $    910,782
EUR160,000 Cirsa Finance International S.a.r.l., 10.375%, 11/30/27 (144A)      189,994
EUR495,000 Lottomatica S.p.A./Roma, 7.125%, 6/1/28 (144A)      557,859
604,000 Mohegan Tribal Gaming Authority, 8.00%, 2/1/26 (144A)     558,700
  Total Entertainment   $2,779,786
  Environmental Control — 0.9%  
880,000 GFL Environmental, Inc., 4.375%, 8/15/29 (144A) $    784,666
473,000 Tervita Corp., 11.00%, 12/1/25 (144A)     496,650
  Total Environmental Control   $1,281,316
  Food — 1.0%  
408,000 Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC, 6.50%, 2/15/28 (144A) $    406,397
710,000 Aragvi Finance International DAC, 8.45%, 4/29/26 (144A)      484,291
EUR655,000 Quatrim SAS, 5.875%, 1/15/24 (144A)     543,730
  Total Food   $1,434,418
  Healthcare-Services — 0.4%  
855,000 LifePoint Health, Inc., 5.375%, 1/15/29 (144A) $    605,165
  Total Healthcare-Services     $605,165
  Home Builders — 0.1%  
155,000 Beazer Homes USA, Inc., 7.25%, 10/15/29 $    152,335
  Total Home Builders     $152,335
  Household Products/Wares — 0.3%  
417,000 Spectrum Brands, Inc., 3.875%, 3/15/31 (144A) $    343,923
  Total Household Products/Wares     $343,923
  Insurance — 0.3%  
GBP382,000 Galaxy Bidco, Ltd., 6.50%, 7/31/26 (144A) $    443,667
  Total Insurance     $443,667
  Iron & Steel — 0.1%  
336,000 Metinvest BV, 7.75%, 10/17/29 (144A) $    194,880
  Total Iron & Steel     $194,880
Pioneer Global High Yield Fund |  | 7/31/238

Schedule of Investments  |  7/31/23
(unaudited) (continued)
Principal
Amount
USD ($)
          Value
  Leisure Time — 2.8%  
180,000 Carnival Corp., 10.50%, 2/1/26 (144A) $    189,741
120,000 Carnival Holdings Bermuda, Ltd., 10.375%, 5/1/28 (144A)      130,938
EUR385,000 Carnival Plc, 1.00%, 10/28/29      279,906
780,000 NCL Corp., Ltd., 5.875%, 3/15/26 (144A)      738,081
290,000 NCL Corp., Ltd., 7.75%, 2/15/29 (144A)      277,665
220,000 NCL Finance, Ltd., 6.125%, 3/15/28 (144A)      200,200
105,000 Royal Caribbean Cruises, Ltd., 7.25%, 1/15/30 (144A)      106,136
665,000 Royal Caribbean Cruises, Ltd., 11.625%, 8/15/27 (144A)      726,127
817,000 Viking Cruises, Ltd., 5.875%, 9/15/27 (144A)      763,968
520,000 Viking Ocean Cruises Ship VII, Ltd., 5.625%, 2/15/29 (144A)     483,720
  Total Leisure Time   $3,896,482
  Lodging — 1.8%  
1,598,981(h) Grupo Posadas S.A.B de CV, 5.00%, 12/30/27 (144A) $  1,365,130
670,000 Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Esc, 5.00%, 6/1/29 (144A)      598,839
EUR430,000 NH Hotel Group S.A., 4.00%, 7/2/26 (144A)     455,350
  Total Lodging   $2,419,319
  Media — 2.8%  
1,450,000 CCO Holdings LLC/CCO Holdings Capital Corp., 4.75%, 2/1/32 (144A) $  1,197,134
190,000 CCO Holdings LLC/CCO Holdings Capital Corp., 7.375%, 3/1/31 (144A)      188,917
1,000,000 CSC Holdings LLC, 4.625%, 12/1/30 (144A)      502,356
400,000 CSC Holdings LLC, 5.00%, 11/15/31 (144A)      202,155
1,175,000 McGraw-Hill Education, Inc., 8.00%, 8/1/29 (144A)   1,010,500
EUR855,000 Ziggo Bond Co. BV, 3.375%, 2/28/30 (144A)     719,819
  Total Media   $3,820,881
  Mining — 3.6%  
730,000 Coeur Mining, Inc., 5.125%, 2/15/29 (144A) $    605,710
EUR609,000 Constellium SE, 3.125%, 7/15/29 (144A)      573,341
EUR850,000 Constellium SE, 3.125%, 7/15/29      800,230
655,000 Eldorado Gold Corp., 6.25%, 9/1/29 (144A)      586,302
665,000 First Quantum Minerals, Ltd., 6.875%, 10/15/27 (144A)      653,841
9Pioneer Global High Yield Fund |  | 7/31/23

Principal
Amount
USD ($)
          Value
  Mining — (continued)  
200,000 First Quantum Minerals, Ltd., 7.50%, 4/1/25 (144A) $    199,330
880,000 First Quantum Minerals, Ltd., 8.625%, 6/1/31 (144A)      900,900
811,000 IAMGOLD Corp., 5.75%, 10/15/28 (144A)     624,470
  Total Mining   $4,944,124
  Miscellaneous Manufacturing — 0.9%  
1,195,000 Trinity Industries, Inc., 7.75%, 7/15/28 (144A) $  1,215,884
  Total Miscellaneous Manufacturing   $1,215,884
  Oil & Gas — 11.8%  
920,000 Baytex Energy Corp., 8.50%, 4/30/30 (144A) $    932,265
510,000 Civitas Resources, Inc., 8.375%, 7/1/28 (144A)      524,566
510,000 Civitas Resources, Inc., 8.75%, 7/1/31 (144A)      527,850
695,000 Ecopetrol S.A., 8.875%, 1/13/33      712,956
1,382,000 Energean Plc, 6.50%, 4/30/27 (144A)   1,259,002
770,000 Harbour Energy Plc, 5.50%, 10/15/26 (144A)      714,245
305,000 Hilcorp Energy I LP/Hilcorp Finance Co., 6.00%, 4/15/30 (144A)      281,922
305,000 Hilcorp Energy I LP/Hilcorp Finance Co., 6.25%, 4/15/32 (144A)      277,222
854,000 International Petroleum Corp., 7.25%, 2/1/27 (144A)      793,793
485,000 Kosmos Energy, Ltd., 7.75%, 5/1/27 (144A)      445,396
1,098,628 MC Brazil Downstream Trading S.a.r.l, 7.25%, 6/30/31 (144A)      713,199
365,000 Nabors Industries, Ltd., 7.50%, 1/15/28 (144A)      334,791
381,000 Neptune Energy Bondco Plc, 6.625%, 5/15/25 (144A)      378,200
575,000 Petroleos Mexicanos, 6.70%, 2/16/32      443,039
440,000 Seadrill Finance, Ltd., 8.375%, 8/1/30 (144A)      449,108
298,000 Shelf Drilling Holdings, Ltd., 8.25%, 2/15/25 (144A)      284,590
615,000 Shelf Drilling Holdings, Ltd., 8.875%, 11/15/24 (144A)      616,537
1,135,000 SierraCol Energy Andina LLC, 6.00%, 6/15/28 (144A)      894,295
835,000 Southwestern Energy Co., 5.375%, 3/15/30      781,258
1,076,000 Strathcona Resources, Ltd., 6.875%, 8/1/26 (144A)      944,759
400,000 Transocean, Inc., 8.75%, 2/15/30 (144A)      415,292
Pioneer Global High Yield Fund |  | 7/31/2310

Schedule of Investments  |  7/31/23
(unaudited) (continued)
Principal
Amount
USD ($)
          Value
  Oil & Gas — (continued)  
130,000 Transocean Titan Financing, Ltd., 8.375%, 2/1/28 (144A) $    134,225
1,665,000 Tullow Oil Plc, 10.25%, 5/15/26 (144A)   1,353,645
735,000 Valaris, Ltd., 8.375%, 4/30/30 (144A)      752,052
1,650,000 YPF SA, 6.95%, 7/21/27 (144A)   1,402,500
  Total Oil & Gas $16,366,707
  Oil & Gas Services — 0.5%  
680,000 Enerflex, Ltd., 9.00%, 10/15/27 (144A) $    684,213
  Total Oil & Gas Services     $684,213
  Packaging & Containers — 0.6%  
EUR205,000 OI European Group BV, 6.25%, 5/15/28 (144A) $    232,292
580,000 Owens-Brockway Glass Container, Inc., 7.25%, 5/15/31 (144A)     589,408
  Total Packaging & Containers     $821,700
  Pharmaceuticals — 2.6%  
EUR970,000 Cheplapharm Arzneimittel GmbH, 7.50%, 5/15/30 (144A) $  1,086,423
840,000 Owens & Minor, Inc., 6.625%, 4/1/30 (144A)      769,000
875,000 P&L Development LLC/PLD Finance Corp., 7.75%, 11/15/25 (144A)      755,116
808,000 Par Pharmaceutical, Inc., 7.50%, 4/1/27 (144A)      593,811
EUR360,000 Teva Pharmaceutical Finance Netherlands II BV, 4.375%, 5/9/30      338,816
523,000 Tricida, Inc., 3.50%, 5/15/27          —
  Total Pharmaceuticals   $3,543,166
  Pipelines — 4.3%  
893,274 Acu Petroleo Luxembourg S.a.r.l., 7.50%, 7/13/35 (144A) $    799,174
665,000 Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp., 7.375%, 2/1/31 (144A)      663,312
1,092,000 Delek Logistics Partners LP/Delek Logistics Finance Corp., 6.75%, 5/15/25   1,070,892
890,000(e)(f) Energy Transfer LP, 7.125% (5 Year CMT Index + 531 bps)      781,688
440,000 EnLink Midstream LLC, 6.50%, 9/1/30 (144A)      442,874
665,000 EnLink Midstream Partners LP, 5.45%, 6/1/47      550,075
790,000 Harvest Midstream I LP, 7.50%, 9/1/28 (144A)      776,401
11Pioneer Global High Yield Fund |  | 7/31/23

Principal
Amount
USD ($)
          Value
  Pipelines — (continued)  
310,000 Venture Global LNG, Inc., 8.125%, 6/1/28 (144A) $    315,078
575,000 Venture Global LNG, Inc., 8.375%, 6/1/31 (144A)     583,462
  Total Pipelines   $5,982,956
  Real Estate — 1.2%  
EUR1,565,000 EMERIA SASU, 7.75%, 3/31/28 (144A) $  1,591,664
  Total Real Estate   $1,591,664
  REITs — 2.3%  
1,040,000 Iron Mountain, Inc., 7.00%, 2/15/29 (144A) $  1,043,578
1,025,000 MPT Operating Partnership LP/MPT Finance Corp., 3.50%, 3/15/31      739,739
1,160,000 Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC, 6.00%, 1/15/30 (144A)      767,050
780,000 Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC, 6.50%, 2/15/29 (144A)      542,596
115,000 Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC, 10.50%, 2/15/28 (144A)     114,312
  Total REITs   $3,207,275
  Retail — 1.9%  
610,000 Brinker International, Inc., 8.25%, 7/15/30 (144A) $    613,337
EUR605,000 Food Service Project SA, 5.50%, 1/21/27 (144A)      631,937
EUR960,000 Shiba Bidco S.p.A., 4.50%, 10/31/28 (144A)      943,107
490,000 Staples, Inc., 7.50%, 4/15/26 (144A)     404,811
  Total Retail   $2,593,192
  Software — 0.5%  
865,000 AthenaHealth Group, Inc., 6.50%, 2/15/30 (144A) $    732,924
  Total Software     $732,924
  Telecommunications — 3.0%  
1,065,000 Altice France Holding SA, 6.00%, 2/15/28 (144A) $    396,347
280,000 Altice France SA, 5.125%, 1/15/29 (144A)      195,164
1,165,000 Altice France SA, 5.125%, 7/15/29 (144A)      815,867
844,000 CommScope, Inc., 4.75%, 9/1/29 (144A)      650,207
442,000 Level 3 Financing, Inc., 10.50%, 5/15/30 (144A)      457,852
440,000 Total Play Telecomunicaciones SA de CV, 6.375%, 9/20/28 (144A)      252,417
Pioneer Global High Yield Fund |  | 7/31/2312

Schedule of Investments  |  7/31/23
(unaudited) (continued)
Principal
Amount
USD ($)
          Value
  Telecommunications — (continued)  
885,000 Total Play Telecomunicaciones SA de CV, 7.50%, 11/12/25 (144A) $    605,059
970,000 Windstream Escrow LLC/Windstream Escrow Finance Corp., 7.75%, 8/15/28 (144A)     816,993
  Total Telecommunications   $4,189,906
  Transportation — 2.6%  
1,485,000 Carriage Purchaser, Inc., 7.875%, 10/15/29 (144A) $  1,169,259
620,000 Hidrovias International Finance SARL, 4.95%, 2/8/31 (144A)      499,111
560,000 Rand Parent LLC, 8.50%, 2/15/30 (144A)      526,576
445,000 Seaspan Corp., 5.50%, 8/1/29 (144A)      362,675
1,265,000 Simpar Europe SA, 5.20%, 1/26/31 (144A)   1,023,025
1,285,000 Western Global Airlines LLC, 10.375%, 8/15/25 (144A)       6,425
  Total Transportation   $3,587,071
  Water — 0.5%  
760,000 Aegea Finance S.a.r.l., 6.75%, 5/20/29 (144A) $    719,509
  Total Water     $719,509
  Total Corporate Bonds
(Cost $130,781,685)
$112,101,997
Shares            
  Right/Warrant — 0.0% of Net Assets  
  Trading Companies & Distributors — 0.0%  
GBP7,000(b)(i) Avation Plc, 1/1/59 $      4,492
  Total Trading Companies & Distributors       $4,492
  Total Right/Warrant
(Cost $—)
      $4,492
13Pioneer Global High Yield Fund |  | 7/31/23

Face
Amount
USD ($)
          Value
  Insurance-Linked Securities — 0.2%
of Net Assets#
 
  Collateralized Reinsurance — 0.1%  
  Multiperil – Worldwide — 0.1%  
600,000(b)(j)+ Cypress Re 2017, 1/31/24 $         60
462,359(b)(j)+ Dartmouth Re 2018, 1/31/24      69,312
                 $69,372
  Windstorm – Florida — 0.0%  
250,000(b)(j)+ Formby Re 2018, 2/29/24 $      8,006
300,000(b)(j)+ Portrush Re 2017, 6/15/24          30
                  $8,036
  Total Collateralized Reinsurance      $77,408
  Reinsurance Sidecars — 0.1%  
  Multiperil – U.S. — 0.0%  
1,000,000(b)(k)+ Harambee Re 2018, 12/31/24 $         —
695,349(b)(k)+ Harambee Re 2019, 12/31/24       1,252
                  $1,252
  Multiperil – Worldwide — 0.1%  
556,791(b)(j)+ Berwick Re 2019-1, 12/31/24 $     88,808
231,508(b)(k)+ Lorenz Re 2019, 6/30/24        2,570
600,000(j)+ Merion Re 2018-2, 12/31/24       41,990
250,000(k)+ Thopas Re 2019, 12/31/24          825
250,000(b)(k)+ Viribus Re 2018, 12/31/24           —
106,153(b)(k)+ Viribus Re 2019, 12/31/24          754
253,645(b)(j)+ Woburn Re 2018, 12/31/24        5,030
244,914(b)(j)+ Woburn Re 2019, 12/31/24      42,390
                $182,367
  Total Reinsurance Sidecars     $183,619
  Total Insurance-Linked Securities
(Cost $639,041)
    $261,027
Pioneer Global High Yield Fund |  | 7/31/2314

Schedule of Investments  |  7/31/23
(unaudited) (continued)
Principal
Amount
USD ($)
          Value
  Foreign Government Bonds — 4.5%
of Net Assets
 
  Angola — 0.6%  
875,000 Angolan Government International Bond, 8.750%, 4/14/32 (144A) $    766,640
  Total Angola     $766,640
  Argentina — 0.7%  
975,000 Ciudad Autonoma De Buenos Aires, 7.500%, 6/1/27 (144A) $    924,787
  Total Argentina     $924,787
  Egypt — 0.5%  
1,095,000 Egypt Government International Bond, 5.875%, 2/16/31 (144A) $    677,236
  Total Egypt     $677,236
  Ghana — 0.4%  
385,000(g) Ghana Government International Bond, 7.875%, 2/11/35 (144A) $    175,175
1,000,000(g) Ghana Government International Bond, 8.627%, 6/16/49     445,000
  Total Ghana     $620,175
  Ivory Coast — 0.5%  
EUR842,000 Ivory Coast Government International Bond, 4.875%, 1/30/32 (144A) $    749,325
  Total Ivory Coast     $749,325
  Turkey — 1.5%  
1,200,000 Turkey Government International Bond, 9.125%, 7/13/30 $  1,247,453
720,000 Turkey Government International Bond, 9.375%, 1/19/33     758,952
  Total Turkey   $2,006,405
  Ukraine — 0.3%  
EUR855,000(g) Ukraine Government International Bond, 4.375%, 1/27/32 (144A) $    260,870
625,000(g) Ukraine Government International Bond, 8.994%, 2/1/26 (144A)     201,074
  Total Ukraine     $461,944
  Total Foreign Government Bonds
(Cost $8,855,978)
  $6,206,512
15Pioneer Global High Yield Fund |  | 7/31/23

Shares           Value
  SHORT TERM INVESTMENTS — 3.0% of
Net Assets
 
  Open-End Fund — 3.0%  
4,183,445(l) Dreyfus Government Cash Management,
Institutional Shares, 5.14%
$  4,183,445
              $4,183,445
  TOTAL SHORT TERM INVESTMENTS
(Cost $4,183,445)
  $4,183,445
Number of
Contracts
Description Counterparty Amount Strike
Price
Expiration
Date
 
  Over The Counter (OTC) Currency Put Option Purchased — 0.0%  
4,500,000 Put EUR Call USD Citibank NA EUR 94,758 EUR 1.02 11/28/23 $3,662
  Total Over The Counter (OTC) Currency Put Option Purchased
(Premiums paid $ 94,758)
$3,662
  TOTAL OPTIONS PURCHASED
(Premiums paid $ 94,758)
$3,662
  TOTAL INVESTMENTS IN UNAFFILIATED ISSUERS — 95.1%
(Cost $154,397,537)
$131,525,850
  Over The Counter (OTC) Currency Call Option Written — (0.0%)  
(4,500,000) Call EUR Put USD Citibank NA EUR 94,758 EUR 1.10 11/28/23 $(86,603)
  Total Over The Counter (OTC) Currency Call Option Written
(Premiums received $94,758)
$(86,603)
  OTHER ASSETS AND LIABILITIES — 4.9% $6,791,238
  net assets — 100.0% $138,230,485
             
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 $105,722,487, or 76.5% 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.
Pioneer Global High Yield Fund |  | 7/31/2316

Schedule of Investments  |  7/31/23
(unaudited) (continued)
(e) The interest rate is subject to change periodically. The interest rate and/or reference index and spread shown at July 31, 2023.
(f) Security is perpetual in nature and has no stated maturity date.
(g) Security is in default.
(h) Debt obligation initially issued at one coupon which converts to a higher coupon at a specific date. The rate shown is the rate at July 31, 2023.
(i) Avation Plc, 1/1/59 warrants are exercisable into 7000 shares.
(j) Issued as participation notes.
(k) Issued as preference shares.
(l) 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 $66,532 $88,808
Cypress Re 2017 1/24/2017 2,016 60
Dartmouth Re 2018 1/18/2018 159,515 69,312
Formby Re 2018 7/9/2018 776 8,006
Harambee Re 2018 12/19/2017 21,232
Harambee Re 2019 4/24/2019 1,252
Lorenz Re 2019 7/10/2019 43,478 2,570
Merion Re 2018-2 12/28/2017 41,990
Portrush Re 2017 6/12/2017 230,096 30
Thopas Re 2019 12/21/2018 825
Viribus Re 2018 12/22/2017 5,280
Viribus Re 2019 3/25/2019 754
Woburn Re 2018 3/20/2018 76,185 5,030
Woburn Re 2019 1/30/2019 33,931 42,390
Total Restricted Securities     $261,027
% of Net assets     0.2%
17Pioneer Global High Yield Fund |  | 7/31/23

FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS
Currency
Purchased
In
Exchange for
Currency
Sold
Deliver Counterparty Settlement
Date
Unrealized
Appreciation
(Depreciation)
EUR 6,756,000 USD 7,325,954 Citibank NA 8/25/23 $111,954
EUR 575,000 USD 639,112 HSBC Bank USA NA 9/28/23 (5,069)
EUR 500,000 USD 547,631 JPMorgan Chase Bank NA 9/28/23 3,710
USD 2,134,056 GBP 1,675,000 State Street Bank & Trust Co. 9/26/23 (16,058)
USD 2,487,195 EUR 2,220,000 State Street Bank & Trust Co. 10/24/23 36,162
TOTAL FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS $130,699
SWAP CONTRACTS
CENTRALLY CLEARED CREDIT DEFAULT SWAP CONTRACTS – BUY PROTECTION
Notional
Amount ($)(1)
Reference
Obligation/Index
Pay/
Receive(2)
Annual
Fixed Rate
Expiration
Date
Premiums
(Received)
Unrealized
(Depreciation)
Market
Value
27,360,000 Markit CDX North America High Yield Index Series 40 Pay 5.00% 6/20/28 $(404,041) $(715,728) $(1,119,769)
TOTAL CENTRALLY CLEARED CREDIT DEFAULT
SWAP CONTRACTS – BUY PROTECTION
$(404,041) $(715,728) $(1,119,769)
OVER THE COUNTER (OTC) CREDIT DEFAULT SWAP CONTRACTS – SELL PROTECTION
Notional
Amount ($)(1)
Counterparty Reference
Obligation
/Index
Pay/
Receive(3)
Annual
Fixed Rate
Expiration
Date
Premiums
(Received)
Unrealized
Appreciation
(Depreciation)
Market
Value
440,000 JPMorgan Chase Bank NA United Airlines Holdings, Inc. Receive 5.00% 6/22/27 $(31,792) $50,863 $19,071
147,000 JPMorgan Chase Bank NA United Airlines Holdings, Inc. Receive 5.00% 6/22/27 (12,103) 18,475 6,372
193,000 JPMorgan Chase Bank NA United Airlines Holdings, Inc. Receive 5.00% 6/22/27 (15,900) 24,265 8,365
TOTAL OVER THE COUNTER (OTC) CREDIT
DEFAULT SWAP CONTRACTS – SELL PROTECTION
$(59,795) $93,603 $33,808
TOTAL SWAP CONTRACTS   $(463,836) $(622,125) $(1,085,961)
   
(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.
Pioneer Global High Yield Fund |  | 7/31/2318

Schedule of Investments  |  7/31/23
(unaudited) (continued)
(3) Receives quarterly.
Principal amounts are denominated in U.S. dollars (“USD”) unless otherwise noted.
EUR — Euro
GBP — Great British Pound
IDR — Indonesian Rupiah
USD — United States Dollar
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 $$3,141,163 $$3,141,163
Common Stocks        
Automobile Components 573,515 573,515
Paper & Forest Products —* —*
Passenger Airlines 485,016 485,016
All Other Common Stocks 15,849 15,849
Collateralized Mortgage Obligations 111,602 111,602
Commercial Mortgage-Backed Security 300,040 300,040
Convertible Corporate Bonds 4,137,530 4,137,530
Corporate Bonds 112,101,997 112,101,997
Right/Warrant 4,492 4,492
Insurance-Linked Securities        
Collateralized Reinsurance        
Multiperil – Worldwide 69,372 69,372
Windstorm – Florida 8,036 8,036
Reinsurance Sidecars        
Multiperil – U.S. 1,252 1,252
Multiperil – Worldwide 182,367 182,367
Foreign Government Bonds 6,206,512 6,206,512
Open-End Fund 4,183,445 4,183,445
Over The Counter (OTC) Currency Put Option Purchased 3,662 3,662
Total Investments in Securities $4,203,786 $126,576,021 $746,043 $131,525,850
19Pioneer Global High Yield Fund |  | 7/31/23

  Level 1 Level 2 Level 3 Total
Other Financial Instruments        
Over The Counter (OTC) Currency Call Option Written $$(86,603) $$(86,603)
Net unrealized appreciation on forward foreign currency exchange contracts 130,699 130,699
Swap contracts, at value (1,085,961) (1,085,961)
Total Other Financial Instruments $$(1,041,865) $$(1,041,865)
* Securities valued at $0.
During the period ended July 31, 2023, there were no significant transfers in or out of Level 3.
Pioneer Global High Yield Fund |  | 7/31/2320