NPORT-EX 2 AAPI160AMU113024.htm
Pioneer Disciplined Value Fund
Schedule of Investments  |  November 30, 2024 
         
A: CVFCX C: CVCFX K: CVKFX R: CVRFX Y: CVFYX
Schedule of Investments  |  11/30/24
(unaudited) 
Shares           Value
  UNAFFILIATED ISSUERS — 99.9%  
  Common Stocks — 99.7% of Net Assets  
  Aerospace & Defense — 0.0%†  
132(a) Standardaero, Inc. $      3,783
  Total Aerospace & Defense       $3,783
  Banks — 10.9%  
210,653 Bank of America Corp. $ 10,008,124
492,791 Huntington Bancshares, Inc.   8,875,166
64,282 JPMorgan Chase & Co.  16,052,501
51,015 M&T Bank Corp.  11,222,790
  Total Banks  $46,158,581
  Beverages — 4.7%  
133,612 Coca-Cola Co. $  8,561,857
69,589 PepsiCo., Inc.  11,374,322
  Total Beverages  $19,936,179
  Biotechnology — 2.4%  
109,071 Gilead Sciences, Inc. $ 10,097,793
  Total Biotechnology  $10,097,793
  Capital Markets — 5.9%  
48,538 Bank of New York Mellon Corp. $  3,973,806
77,411 Northern Trust Corp.   8,605,007
124,351 State Street Corp.  12,249,817
  Total Capital Markets  $24,828,630
  Chemicals — 3.3%  
41,673 Air Products and Chemicals, Inc. $ 13,932,534
  Total Chemicals  $13,932,534
  Communications Equipment — 5.4%  
388,179 Cisco Systems, Inc. $ 22,984,079
  Total Communications Equipment  $22,984,079
  Construction Materials — 2.6%  
107,364 CRH Plc $ 10,980,116
  Total Construction Materials  $10,980,116
  Consumer Staples Distribution & Retail — 1.7%  
95,897 Sysco Corp. $  7,394,618
  Total Consumer Staples Distribution & Retail   $7,394,618
  Containers & Packaging — 1.9%  
272,872 Graphic Packaging Holding Co. $  8,210,718
  Total Containers & Packaging   $8,210,718
1Pioneer Disciplined Value Fund | 11/30/24
Shares           Value
  Electric Utilities — 3.7%  
95,549 American Electric Power Co., Inc. $  9,541,523
97,835 Eversource Energy   6,309,379
  Total Electric Utilities  $15,850,902
  Electrical Equipment — 3.4%  
49,238 Rockwell Automation, Inc. $ 14,532,103
  Total Electrical Equipment  $14,532,103
  Electronic Equipment, Instruments & Components —
3.1% 		 
77,248(a) Keysight Technologies, Inc. $ 13,197,048
  Total Electronic Equipment, Instruments & Components  $13,197,048
  Energy Equipment & Services — 0.9%  
114,965 TechnipFMC Plc $  3,606,452
  Total Energy Equipment & Services   $3,606,452
  Entertainment — 2.4%  
86,391 Walt Disney Co. $ 10,148,351
  Total Entertainment  $10,148,351
  Financial Services — 2.3%  
59,150(a) PayPal Holdings, Inc. $  5,132,446
57,762 Voya Financial, Inc.   4,794,246
  Total Financial Services   $9,926,692
  Ground Transportation — 2.9%  
49,817 Union Pacific Corp. $ 12,188,227
  Total Ground Transportation  $12,188,227
  Health Care Equipment & Supplies — 3.5%  
35,046 Becton Dickinson & Co. $  7,776,708
62,261 Zimmer Biomet Holdings, Inc.   6,979,458
  Total Health Care Equipment & Supplies  $14,756,166
  Health Care Providers & Services — 1.6%  
27,737 Labcorp Holdings, Inc. $  6,689,055
  Total Health Care Providers & Services   $6,689,055
  Household Products — 0.5%  
16,268 Kimberly-Clark Corp. $  2,266,946
  Total Household Products   $2,266,946
Pioneer Disciplined Value Fund | 11/30/242
Schedule of Investments  |  11/30/24
(unaudited) (continued)
Shares           Value
  Industrial Conglomerates — 1.1%  
34,096 3M Co. $  4,552,839
  Total Industrial Conglomerates   $4,552,839
  Industrial REITs — 1.3%  
49,010 Prologis, Inc. $  5,723,388
  Total Industrial REITs   $5,723,388
  Insurance — 5.0%  
87,642 American International Group, Inc. $  6,737,917
121,005 Unum Group   9,305,284
16,266 Willis Towers Watson Plc   5,237,652
  Total Insurance  $21,280,853
  IT Services — 2.3%  
42,573 International Business Machines Corp. $  9,681,526
  Total IT Services   $9,681,526
  Machinery — 3.7%  
20,629 Deere & Co. $  9,611,051
42,223(a) Middleby Corp.   6,054,356
  Total Machinery  $15,665,407
  Media — 3.6%  
354,464 Comcast Corp., Class A $ 15,309,300
  Total Media  $15,309,300
  Metals & Mining — 3.5%  
481,172 Barrick Gold Corp. $  8,415,698
135,464 Teck Resources, Ltd., Class B   6,323,460
  Total Metals & Mining  $14,739,158
  Multi-Utilities — 2.0%  
121,288 CMS Energy Corp. $  8,454,986
  Total Multi-Utilities   $8,454,986
  Oil, Gas & Consumable Fuels — 4.6%  
171,708 EQT Corp. $  7,802,412
183,484 Shell Plc (A.D.R.)  11,878,754
  Total Oil, Gas & Consumable Fuels  $19,681,166
  Pharmaceuticals — 6.0%  
113,812 Johnson & Johnson $ 17,641,998
306,336 Pfizer, Inc.   8,029,067
  Total Pharmaceuticals  $25,671,065
3Pioneer Disciplined Value Fund | 11/30/24
Shares           Value
  Professional Services — 1.3%  
71,801 SS&C Technologies Holdings, Inc. $  5,553,089
  Total Professional Services   $5,553,089
  Specialty Retail — 1.0%  
45,777 Best Buy Co., Inc. $  4,119,930
  Total Specialty Retail   $4,119,930
  Technology Hardware, Storage & Peripherals — 1.2%  
67,763(a) Western Digital Corp. $  4,946,021
  Total Technology Hardware, Storage & Peripherals   $4,946,021
  Total Common Stocks
(Cost $357,499,744) 		$423,067,701
  SHORT TERM INVESTMENTS — 0.2% of Net
Assets 		 
  Open-End Fund — 0.2%  
1,034,788(b) Dreyfus Government Cash Management,
Institutional Shares, 4.52% 		$  1,034,788
              $1,034,788
  TOTAL SHORT TERM INVESTMENTS
(Cost $1,034,788) 		  $1,034,788
  TOTAL INVESTMENTS IN UNAFFILIATED ISSUERS — 99.9%
(Cost $358,534,532) 		$424,102,489
  OTHER ASSETS AND LIABILITIES — 0.1%     $306,198
  net assets — 100.0% $424,408,687
             
(A.D.R.) American Depositary Receipts.
REIT Real Estate Investment Trust.
(a) Non-income producing security.
(b) Rate periodically changes. Rate disclosed is the 7-day yield at November 30, 2024.
† Amount rounds to less than 0.1%.
Pioneer Disciplined Value Fund | 11/30/244
Schedule of Investments  |  11/30/24
(unaudited) (continued)
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 November 30, 2024 in valuing the Fund’s investments:
  Level 1 Level 2 Level 3 Total
Common Stocks $423,067,701 $— $— $423,067,701
Open-End Fund 1,034,788 — — 1,034,788
Total Investments in Securities $424,102,489 $— $— $424,102,489
During the period ended November 30, 2024, there were no transfers in or out of Level 3.
5Pioneer Disciplined Value Fund | 11/30/24