N-Q 1 ilsintervalsoi.htm ILS INTERVAL SOI ilsintervalsoi.htm

                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM N-Q

                   QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS
    OF REGISTERED MANAGEMENT INVESTMENT COMPANY



  Investment Company Act file number 811-22987


                         Pioneer ILS Interval Fund
               (Exact name of registrant as specified in charter)


                       60 State Street, Boston, MA 02109
              (Address of principal executive offices) (ZIP code)


            Terrence J. Cullen, Pioneer Investment Management, Inc.,
                       60 State Street, Boston, MA 02109
                    (Name and address of agent for service)


Registrant's telephone number, including area code:  (617) 742-7825


Date of fiscal year end:  October 31

Date of reporting period:  July 31, 2017

Form N-Q is to be used by management investment companies, other than small
business investment companies registered on Form N-5 (239.24 and 274.5 of this
chapter), to file reports with the Commission, not later than 60 days after
close of the first and third fiscal quarters, pursuant to Rule 30b1-5 under
the Investment Company Act of 1940 (17 CFR 270.30b1-5).  The Commission may
use the information provided on Form N-Q in its regulatory, disclosure review,
inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q,
and the Commission will make this information public. A registrant is not
required to respond to the collection of information contained in Form N-Q
unless the Form displays a currently valid Office of Management and Budget
("OMB") control number. Please direct comments concerning the accuracy of the
information collection burden estimate and any suggestions for reducing the
burden to Secretary, Securities and Exchange Commission, 450 Fifth Street, NW,
Washington, DC 20549-0609.  The OMB has reviewed this collection of information
under the clearance requirements of 44 U.S.C. ss. 3507.


<PAGE>
ITEM 1. Schedule of Investments.

File the schedules as of the close of the reporting period as set forth in
ss. 210.12-12  12-14 of Regulation S-X [17 CFR 210.12-12  12-14]. The
schedules need not be audited.





       
Pioneer ILS Interval Fund
   
       
Schedule of Investments 7/31/17 (unaudited)
   
             
 
Principal Amount ($) (e)
Floating
Rate (b)
 
Value
       
CORPORATE BONDS - 97.9%
   
       
Insurance - 97.9%
   
       
Reinsurance - 97.9%
   
 
2,000,000
   
Ailsa 2017 Segregated Account (Artex SAC Ltd.), Variable Rate Notes, 1/15/18 (c)(d)
$
1,910,400
 
600,000
4.81
 
Alamo Re, Ltd., Floating Rate Note, 6/7/18 (Cat Bond) (144A)
 
607,860
 
3,600,000
0.50
 
Alamo Re, Ltd., Floating Rate Note, 6/8/20 (Cat Bond) (144A)
 
3,645,360
 
2,300,000
0.00
 
Aozora Re Ltd 2017-A, 4/7/21 (Cat Bond)
 
2,327,370
 
2,100,000
   
Arlington Segregated Account (Artex SAC Ltd.), Variable Rate Notes, 8/31/16 (c)(d)
 
102,060
 
6,500,000
   
Arlington Segregated Account (Artex SAC Ltd.), Variable Rate Notes, 8/31/17 (c)(d)
 
848,250
 
3,000,000
   
Berwick 2016-1 Segregated Account (Artex SAC Ltd.), Variable Rate Notes, 2/1/18 (c)(d)
 
142,500
 
1,500,000
   
Berwick Segregated Account (Artex SAC Ltd.), Variable Rate Note, 1/22/16 (c)(d)
 
45,000
 
5,299,000
   
Berwick Segregated Account (Artex SAC Ltd.), Variable Rate Notes, 2/1/19 (c)(d)
 
5,478,636
 
1,000,000
7.85
 
Buffalo Re, Ltd., Floating Rate Note, 4/7/20 (Cat Bond) (144A)
 
993,300
 
1,250,000
4.35
 
Buffalo Re, Ltd., Floating Rate Note, 4/7/20 (Cat Bond) (144A)
 
1,253,500
 
250,000
5.85
 
Caelus Re IV, Ltd., Floating Rate Note, 3/6/20 (Cat Bond) (144A)
 
261,800
 
5,000,000
   
Carnoustie 2016-N,Segregated Account (Artex SAC Ltd.), Variable Rate Notes, 11/30/20 (c)(d)
541,000
 
12,500,000
   
Carnoustie 2017,Segregated Account (Artex SAC Ltd.), Variable Rate Notes, 11/30/21 (c)(d)
12,982,500
 
2,000,000
   
Carnoustie Segregated Account (Artex SAC Ltd.), Variable Rate Notes, 2/19/16 (c)(d)
 
40,800
 
1,750,000
6.21
 
Casablanca Re, Ltd., Floating Rate Note, 6/4/20 (Cat Bond) (144A)
 
1,757,700
 
1,000,000
7.84
 
Citrus Re, Ltd., Floating Rate Note, 2/25/19 (Cat Bond) (144A)
 
1,012,400
 
4,350,000
0.50
 
Cranberry Re, Ltd., Floating Rate Note, 7/13/20 (Cat Bond)
 
4,354,350
 
250,000
3.80
 
Cranberry Re, Ltd., Floating Rate Note, 7/6/18 (Cat Bond) (144A)
 
252,925
 
4,537,500
   
Cypress 2017 Segregated Account (Artex SAC Ltd.), Variable Rate Notes, 1/10/18 (c)(d)
 
4,286,576
 
10,176,700
   
Eden Re II, Ltd., Variable Rate Notes, 3/22/21 (c)(d)
 
10,620,404
 
11,800,000
   
Eden Re II, Ltd., Variable Rate Notes, 3/22/21 (144A) (c)(d)
 
12,310,940
 
6,091
   
Eden Re II, Ltd., Variable Rate Notes, 4/23/19 (c)(d)
 
488,193
 
27,787
   
Eden Re II, Ltd., Variable Rate Notes, 4/23/19 (144A) (c)(d)
 
608,779
 
500,000
4.53
 
First Coast Re 2016, Ltd., Floating Rate Note, 6/7/19 (Cat Bond) (144A)
 
501,100
 
1,000,000
   
Fortius Re II, Ltd., Variable Rate Notes, 7/7/21 (144A) (c)(d)
 
1,001,300
 
250,000
9.13
 
Galilei Re, Ltd., Floating Rate Note, 1/8/20 (Cat Bond) (144A)
 
248,975
 
500,000
14.38
 
Galilei Re, Ltd., Floating Rate Note, 1/8/20 (Cat Bond) (144A)
 
496,750
 
250,000
14.26
 
Galilei Re, Ltd., Floating Rate Note, 1/8/21 (Cat Bond) (144A)
 
250,325
 
500,000
9.01
 
Galilei Re, Ltd., Floating Rate Note, 1/8/21 (Cat Bond) (144A)
 
499,700
 
1,000,000
7.40
 
Galilei Re, Ltd., Floating Rate Note, 1/8/21 (Cat Bond) (144A)
 
1,013,800
 
750,000
9.83
 
Galileo Re, Ltd., Floating Rate Note, 1/8/19 (Cat Bond) (144A)
 
748,200
 
1,250,000
14.35
 
Galileo Re, Ltd., Floating Rate Note, 1/8/19 (Cat Bond) (144A)
 
1,236,250
 
7,000,000
   
Gleneagles Segregated Account (Artex SAC Ltd), Variable Rate Notes, 11/30/20 (c)(d)
 
820,400
 
19,900,000
   
Gleneagles Segregated Account (Artex SAC Ltd.), Variable Rate Notes, 11/30/21 (c)(d)
 
20,369,640
 
7,350,000
   
Gulfstream Segregated Account (Artex SAC Ltd.), Variable Rate Notes, 6/12/18 (c)(d)
 
6,967,065
 
11,000,000
   
Gullane Segregated Account (Artex SAC Ltd.), Variable Rate Note 11/30/20 (c)(d)
 
239,800
 
19,020,500
   
Gullane Segregated Account (Artex SAC Ltd.), Variable Rate Note 11/30/21 (c)(d)
 
20,262,539
 
250,000
12.00
 
Horse Capital I DAC, Floating Rate Note, 6/15/20 (Cat Bond) (144A)
 
295,615
 
600,000
   
International Bank for Reconstruction & Development, Floating Rate Note, 12/19/19 (Cat Bond)
600,000
 
1,250,000
   
International Bank for Reconstruction & Development, Floating Rate Note, 12/19/19 (Cat Bond)
1,250,000
 
1,375,000
   
International Bank for Reconstruction & Development, Floating Rate Note, 12/19/19 (Cat Bond)
1,375,000
 
2,300,000
8.36
 
International Bank for Reconstruction & Development, Floating Rate Note, 7/15/20 (Cat Bond)
2,300,138
 
3,050,000
12.56
 
International Bank for Reconstruction & Development, Floating Rate Note, 7/15/20 (Cat Bond)
3,056,100
 
2,500,000
7.15
 
Kilimanjaro II Re, Ltd., Floating Rate Note, 4/20/21 (Cat Bond) (144A)
 
2,542,750
 
2,600,000
8.65
 
Kilimanjaro II Re, Ltd., Floating Rate Note, 4/20/21 (Cat Bond) (144A)
 
2,644,460
 
3,000,000
11.15
 
Kilimanjaro II Re, Ltd., Floating Rate Note, 4/20/21 (Cat Bond) (144A)
 
3,055,200
 
750,000
7.17
 
Kilimanjaro II Re, Ltd., Floating Rate Note, 4/21/22 (Cat Bond) (144A)
 
764,325
 
1,000,000
8.67
 
Kilimanjaro II Re, Ltd., Floating Rate Note, 4/21/22 (Cat Bond) (144A)
 
1,016,000
 
1,500,000
7.25
 
Kilimanjaro Re, Ltd., Floating Rate Note, 12/6/19 (Cat Bond) (144A)
 
1,513,950
 
1,500,000
9.95
 
Kilimanjaro Re, Ltd., Floating Rate Note, 12/6/19 (Cat Bond) (144A)
 
1,549,500
 
1,500,000
5.76
 
Kilimanjaro Re, Ltd., Floating Rate Note, 4/30/18 (Cat Bond) (144A)
 
1,498,650
 
1,500,000
5.51
 
Kilimanjaro Re, Ltd., Floating Rate Note, 4/30/18 (Cat Bond) (144A)
 
1,503,000
 
10,000,000
   
Kingsbarn 2017 Segregated Account (Artex SAC Ltd.), Variable Rate Notes, 5/15/18 (c)(d)
 
9,556,000
 
1,750,000
   
Lahinch Re, Variable Rate Notes, 5/10/21 (c)(d)
 
4,200
 
2,274,000
   
Lahinch Re, Variable Rate Notes, 5/10/22 (c)(d)
 
2,239,435
 
500,000
   
Limestone Re, Ltd., Variable Rate Notes, 8/31/21 (Cat Bond)
 
510,100
 
1,500,000
   
Limestone Re, Ltd., Variable Rate Notes, 8/31/21 (Cat Bond)
 
1,530,300
 
3,250,000
2.73
 
Lion II RE Dac, Floating Rate Note, 7/15/21 (Cat Bond) (144A)
 
3,844,528
 
550,000
10.77
 
Loma Reinsurance Bermuda, Ltd., Floating Rate Note, 1/8/18 (Cat Bond) (144A)
 
545,930
 
2,600,000
   
Lorenz Re, Ltd., Variable Rate Notes, 3/31/18 (c)(d)
 
44,720
 
6,000,000
   
Lorenz Re, Ltd., Variable Rate Notes, 3/31/19 (c)(d)
 
336,000
 
27,480,000
   
Lorenz Re, Ltd., Variable Rate Notes, 5/31/20 (c)(d)
 
28,455,540
 
9,006,108
   
Madison Re, Variable Rate Notes, 12/31/19 (c)(d)
 
9,264,583
 
4,000,000
   
Madison Re, Variable Rate Notes, 3/31/19 (c)(d)
 
254,000
 
800,000
3.25
 
Nakama Re, Ltd., Floating Rate Note, 10/13/21 (Cat Bond) (144A)
 
813,760
 
3,600,000
0.00
 
Northshore Re II, Ltd., Floating Rate Note, 7/6/20 (Cat Bond) (144A)
 
3,605,040
 
2,350,000
   
Oakmont 2017 Segregated Account (Artex SAC Ltd.), Variable Rate Notes, 4/13/18 (c)(d)
 
2,181,035
 
17,000,000
   
Pangaea 2017-1, Principal at Risk Notes, 11/30/21 (c)(d)
 
17,799,000
 
33,250,000
   
Pangaea 2017-3, Principal at Risk Notes, /31/22 (c)(d)
 
33,509,350
 
2,000,000
   
Pangaea Re, Series 2015-1, Principal at Risk Notes, 2/1/19 (c)(d)
 
9,000
 
6,000,000
   
Pangaea Re, Series 2015-2, Principal at Risk Notes, 11/30/19 (c)(d)
 
461,400
 
20,000,000
   
Pangaea Re, Series 2016-2, Principal at Risk Notes, 11/30/20 (c)(d)
 
1,076,000
 
5,220,000
   
Pangaea Re., Variable Rate Notes, 2/1/20 (c)(d)
 
479,718
 
4,000,000
   
Pinehurst Segregated Account (Artex SAC Ltd.), Variable Rate Notes, 1/16/18 (c)(d)
 
3,902,400
 
5,500,405
   
Portrush 2017 Segregated Account (Artex SAC Ltd.), Variable Rate Notes, 6/15/18 (c)(d)
 
5,142,879
 
2,000,000
   
Prestwick Segregated Account (Artex SAC Ltd.), Variable Rate Notes, 7/1/16 (c)(d)
 
34,000
 
800,000
6.73
 
Queen Street X Re, Ltd., Floating Rate Note, 6/8/18 (Cat Bond) (144A)
 
796,240
 
500,000
7.13
 
Queen Street XI Re Dac, Floating Rate Note, 6/7/19 (Cat Bond) (144A)
 
501,450
 
250,000
6.95
 
Residential Reinsurance 2015, Ltd., Floating Rate Note, 12/6/19 (Cat Bond) (144A)
 
255,550
 
1,000,000
0.00
 
Residential Reinsurance 2016, Ltd., Floating Rate Note, 12/6/20 (Cat Bond) (144A)
 
962,200
 
250,000
3.93
 
Residential Reinsurance 2016, Ltd., Floating Rate Note, 12/6/23 (Cat Bond) (144A)
 
247,350
 
500,000
5.37
 
Residential Reinsurance 2016, Ltd., Floating Rate Note, 12/6/23 (Cat Bond) (144A)
 
494,800
 
1,250,000
11.55
 
Residential Reinsurance 2016, Ltd., Floating Rate Note, 6/6/20 (Cat Bond) (144A)
 
1,275,375
 
5,000,000
   
Resilience Re, Ltd., Variable Rate Notes, 1/12/18 (c)(d)
 
4,818,500
 
1,500,000
4.50
 
Resilience Re, Ltd., Variable Rate Notes, 1/9/19 (c)(d)
 
1,500,000
 
4,100,000
   
Resilience Re, Ltd., Variable Rate Notes, 4/7/18 (c)(d)
 
3,810,130
 
2,000,000
   
Resilience Re, Ltd., Variable Rate Notes, 9/30/17 (c)(d)
 
43,000
 
3,062,750
   
Riviera 2017 Segregated Account (Artex SAC Ltd.), Variable Rate Notes, 4/13/18 (c)(d)
 
2,815,280
 
1,650,000
   
Rw0009 Segregated Account (Artex SAC Ltd.), Variable Rate Notes, 1/10/18 (c)(d)
 
125,163
 
4,000,000
4.13
 
Sanders Re, Ltd., Floating Rate Note, 12/6/21 (Cat Bond) (144A)
 
4,012,800
 
250,000
4.26
 
Sanders Re, Ltd., Floating Rate Note, 5/25/18 (Cat Bond) (144A)
 
249,750
 
2,700,000
3.25
 
Sanders Re, Ltd., Floating Rate Note, 6/5/20 (Cat Bond) (144A)
 
2,692,170
 
16,670
   
Sector Re V, Ltd., Variable Rate Notes, 12/1/20 (144A) (c)(d)
 
85,392
 
800,000
   
Sector Re V, Ltd., Variable Rate Notes, 12/1/21 (144A) (c)(d)
 
843,840
 
2,250,000
   
Sector Re V, Ltd., Variable Rate Notes, 12/1/21 (144A) (c)(d)
 
2,373,300
 
5,550,000
   
Sector Re V, Ltd., Variable Rate Notes, 12/1/21 (144A) (c)(d)
 
5,854,140
 
6,134
   
Sector Re V, Ltd., Variable Rate Notes, 3/1/21 (c)(d)
 
475,529
 
12,593
   
Sector Re V, Ltd., Variable Rate Notes, 3/1/21 (144A) (c)(d)
 
637,129
 
850,000
   
Sector Re V, Ltd., Variable Rate Notes, 3/1/22 (144A) (c)(d)
 
862,240
 
3,150,000
   
Sector Re V, Ltd., Variable Rate Notes, 3/1/22 (144A) (c)(d)
 
3,218,355
 
3,600,000
   
Sector Re V, Ltd., Variable Rate Notes, 3/1/22 (144A) (c)(d)
 
3,678,120
 
3,800,000
   
Sector Re V, Ltd., Variable Rate Notes, 3/1/22 (144A) (c)(d)
 
3,854,720
 
5,600,000
   
Silverton Re, Ltd., Variable Rate Notes, 9/18/17 (144A) (c)(d)
 
11,200
 
2,000,000
   
Silverton Re, Ltd., Variable Rate Notes, 9/18/18 (144A) (c)(d)
 
97,600
 
4,750,000
   
Silverton Re, Ltd., Variable Rate Notes, 9/18/19 (144A) (c)(d)
 
5,088,200
 
2,000,000
0.00
 
Spectrum Capital, Ltd., Floating Rate Note, 6/8/21 (Cat Bond) (144A)
 
2,012,000
 
2,000,000
   
St. Andrews Segregated Account (Artex SAC Ltd.), Variable Rate Notes, 1/22/16 (c)(d)
 
39,400
 
3,000,000
   
St. Andrews Segregated Account (Artex SAC Ltd.), Variable Rate Notes, 2/1/18 (c)(d)
 
421,800
 
5,000,000
   
St. Andrews Segregated Account (Artex SAC Ltd.), Variable Rate Notes, 2/1/19 (c)(d)
 
5,270,500
 
7,760,968
   
St. Andrews Segregated Account (Artex SAC Ltd.), Variable Rate Notes, 6/1/19 (c)(d)
 
7,855,652
 
10,054,000
   
St. Andrews Segregated Account (Artex SAC Ltd.), Variable Rate Notes, 6/30/21 (c)(d)
 
10,145,491
 
2,000,000
   
Sunningdale 2017 Segregated Account (Artex SAC Ltd.), Variable Rate Notes, 1/16/18 (c)(d)
1,905,400
 
10,000,000
   
Versutus 2016, Class A-1, Variable Rate Notes, 11/30/20 (c)(d)
 
437,000
 
20,000,000
   
Versutus 2017, Class A-1, Variable Rate Notes, 11/30/21 (c)(d)
 
20,962,000
 
8,850,000
   
Wentworth 2017 Segregated Account (Artex SAC Ltd.), Variable Rate Notes, 7/13/18 (c)(d)
 
7,880,925
         
$
380,701,744
       
Total Insurance
$
380,701,744
       
TOTAL CORPORATE BONDS
   
       
(Cost $363,439,333)
$
380,701,744
             
       
U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 2.5%
   
 
9,705,000
   
U.S. Treasury Bills, 8/3/17 (f)
$
9,704,495
       
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS
   
       
(Cost $9,704,480)
$
9,704,495
             
       
TOTAL INVESTMENT IN SECURITIES - 100.4%
   
       
(Cost $373,143,813) (a)
$
390,406,239
             
       
OTHER ASSETS & LIABILITIES - (0.4)%
$
(1,479,860)
             
       
TOTAL NET ASSETS - 100.0%
$
388,926,379
             
             
 
(Cat Bond)
 
Catastrophe or event-linked bond. At July 31, 2017, the value of these securities
amounted to $70,775,696 or 18.2% of total net assets.
             
 
(144A)
   
Security is exempt from registration under Rule 144A of the Securities Act of 1933.  Such securities may be resold normally to qualified institutional buyers in a transaction exempt from registration.  At July 31, 2017, the value of these securities amounted to $93,997,593 or 24.2% of total net assets.
             
 
(a)
   
At July 31, 2017, the net unrealized appreciation on investments based on
   
       
cost for federal income tax purposes of $373,143,813 was as follows:
   
             
       
Aggregate gross unrealized appreciation for all investments in which
   
       
there is an excess of value over tax cost
$
                     18,041,972
             
       
Aggregate gross unrealized depreciation for all investments in which
   
       
there is an excess of tax cost over value
 
                        (779,546)
             
       
Net unrealized appreciation
$
                     17,262,426
             
 
(b)
   
Debt obligation with a variable interest rate. Rate shown is rate at period end.
   
             
 
(c)
   
Structured reinsurance investment. At July 31, 2017, the value of these securities
amounted to $309,926,048 or 79.7% of total net assets.
             
 
(d)
   
Rate to be determined.
   
             
 
(e)
   
Principal amounts are denominated in U.S. Dollars unless otherwise noted:
   
             
Various inputs are used in determining the value of the Fund's investments.  These inputs are summarized in the three broad levels listed below.
             
Level 1 – 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 risk, etc.)  See Notes to Financial Statements — Note 1A.
Level 3 – significant unobservable inputs (including the Fund's own assumptions in determining fair value of investments)  See Notes to Financial Statements — Note 1A.
             
The following is a summary of the inputs used as of July 31, 2017, in valuing the Fund's investments:
   
             



         
Level 1
   
Level 2
   
Level 3
   
Total
 
     
Corporate Bonds
  $ -     $ 69,736,596     $ 310,965,148     $ 380,701,744  
     
U.S. Government and Agency Obligation
    -       9,704,495       -       9,704,495  
     
Total
  $ -       79,441,091       310,965,148     $ 390,406,239  
                                       
     
Other Financial Instruments
                               
     
Unrealized appreciation on forward foreign currency contracts
  $ -     $ 8,109     $ -     $ 8,109  
     
Unrealized depreciation on forward foreign currency contracts
    -       (232,356 )     -       (232,356 )
     
Total Other Financial Instruments
  $ -       (224,247 )     -     $ (224,247 )
                                       
The following is a reconciliation of assets valued using significant unobservable inputs (Level 3):
                               
                                       
         
Corporate
Bonds
                 
     
Balance as of 10/31/16
  $ 138,840,744                          
     
Realized gain (loss)1
    (350,457 )                        
     
Change in unrealized appreciation (depreciation)2
    8,133,067                          
     
Purchases
    303,330,368                          
     
Sales
    (138,988,574 )                        
     
Changes between Level 3 *
    -                          
     
Balance as of 7/31/17
  $ 310,965,148                          
                                       
    1  
Realized gain (loss) on these securities is included in the net realized gain (loss) from investments in the Statement of Operations.
         
                                         
    2  
Unrealized appreciation (depreciation) on these securities is included in the change in unrealized appreciation (depreciation) on investments in the Statement of Operations.
 
                                         
    *  
Transfers are calculated on the beginning of period values. During the period ended July 31, 2017, there were
                         
       
no transfers between Levels 1, 2 and 3.
                               
                                         
       
Net change in unrealized appreciation (depreciation) of investments
                               
       
still held as of 7/31/17
  $ 9,219,688                          



ITEM 2. CONTROLS AND PROCEDURES. (a) Disclose the conclusions of the registrant's principal executive and principal financial officers, or persons performing similar functions, regarding the effectiveness of the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Act (17 CFR 270.30a-3(c))) as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the Act (17 CFR 270.30a-3(b))) and Rule 13a-15(b) or 15d-15(b) under the Exchange Act (17 CFR 240.13a-15(b) or 240.15d-15(b)). The registrant's principal executive officer and principal financial officer have concluded that the registrant's disclosure controls and procedures are effective based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report. (b) Disclose any change in the registrant's internal controls over financial reporting (as defined in Rule 30a-3(d) under the Act (17 CFR 270.30a-3(d)) that occurred during the registrant's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting. There were no significant changes in the registrant's internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting. ITEM 3. EXHIBITS. File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Act (17 CFR 270.30a-2(a)), exactly as set forth below: CERTIFICATIONS I, [identify the certifying individual], certify that: 1. I have reviewed this report on Form N-Q of [identify registrant]; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrants other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; (b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; (c) Evaluated the effectiveness of the registrants disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and (d) Disclosed in this report any change in the registrants internal control over financial reporting that occurred during the registrants most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial reporting; and 5. The registrants other certifying officer(s) and I have disclosed to the registrants auditors and the audit committee of the registrants board of directors (or persons performing the equivalent functions): (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrants ability to record, process, summarize, and report financial information; and (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrants internal control over financial reporting. Date: [Signature] [Title] Filed herewith. <PAGE> SIGNATURES [See General Instruction F] Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. (Registrant) Pioneer ILS Interval Fund By (Signature and Title)* /s/ Lisa M.Jones ----------------------- Lisa M.Jones, President and Chief Executive Officer Date September 27, 2017 Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. By (Signature and Title)* /s/ Lisa M.Jones ----------------------- Lisa M.Jones, President and Chief Executive Officer Date September 27, 2017 By (Signature and Title)* /s/ Mark E. Bradley ----------------- Mark E. Bradley, Treasurer and Chief Accounting and Financial Officer Date September 27, 2017 * Print the name and title of each signing officer under his or her signature.