-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OH15wg+2VQy0cS53pT+9Ai4f8xoR+L0d7J8hb0MhbOJX279cc5lg11dEaY5F7cxL gXHzznDbZ/aHeFek5ex9YQ== 0001173601-08-000001.txt : 20080529 0001173601-08-000001.hdr.sgml : 20080529 20080529164729 ACCESSION NUMBER: 0001173601-08-000001 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080331 FILED AS OF DATE: 20080529 DATE AS OF CHANGE: 20080529 EFFECTIVENESS DATE: 20080529 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PIONEER BOND FUND /DE/ CENTRAL INDEX KEY: 0000276776 IRS NUMBER: 042652279 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-02864 FILM NUMBER: 08867027 BUSINESS ADDRESS: STREET 1: 60 STATE ST 13TH FL CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 61774224947 MAIL ADDRESS: STREET 1: 60 STATE ST STREET 2: 13TH FLOOR CITY: BOSTON STATE: MA ZIP: 02109-1820 FORMER COMPANY: FORMER CONFORMED NAME: PIONEER BOND FUND /MA/ DATE OF NAME CHANGE: 19920703 0000276776 S000003927 Pioneer Bond Fund C000011026 Pioneer Bond Fund: Class A PIOBX C000011027 Pioneer Bond Fund: Class B PBOBX C000011028 Pioneer Bond Fund: Class C PCYBX C000011029 Pioneer Bond Fund: Class Y PICYX C000011031 Pioneer Bond Fund: Class R PBFRX C000052219 Pioneer Bond Fund: Class Z N-Q 1 n-q.txt OMB APPROVAL OMB Number: 3235-0578 Expires: April 30, 2010 Estimated average burden hours per response..... 10.5 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES Investment Company Act file number 811-02864 Pioneer Bond Fund (Exact name of registrant as specified in charter) 60 State Street, Boston, MA 02109 (Address of principal executive offices) (ZIP code) Dorothy E. Bourassa, 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: June 30 Date of reporting period: March 31, 2008 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 30b1-5under the Investment Company Act of 1940 (17 CFR 270.30b-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. ITEM 1. Schedule of Investments. Pioneer Bond Fund Schedule of Investments 3/31/08 Shares Value PREFERRED STOCK - 0.3 % Insurance - 0.3 % Life & Health Insurance - 0.2 % 153,800 Delphi Financial Group, 7.376%, 5/15/37 $ 2,898,176 TOTAL PREFERRED STOCK (Cost $3,845,000) $ 2,898,176 Principal ASSET BACKED SECURITIES - 3.9 % Amount Energy - 0.1 % Oil & Gas Equipment & Services - 0.1 % $ 1,000,Sevan Marine ASA, Floating Rate Note, 5/14/13(144A)$ 915,000 Total Energy $ 915,000 Transportation - 0.1 % Airlines - 0.1 % 1,158,244 Southwest Airlines Co., 7.67%, 1/2/14 $ 1,264,918 Total Transportation $ 1,264,918 Consumer Services - 0.4 % Restaurants - 0.4 % 4,535,000 Dunkin Brands Master Finance LLC, 8.28%, 6/20/31 $ 3,945,450 Total Consumer Services $ 3,945,450 Food & Drug Retailing - 0.4 % Food Retail - 0.4 % 5,325,000 Dominos Pizza Master Issuer LLC, 7.629%, 4/25/37 $ 3,993,750 Total Food & Drug Retailing $ 3,993,750 Banks - 0.9 % Thrifts & Mortgage Finance - 0.8 % 1,400,000 Carrington Mortgage, Floating Rate Note, 10/25/36 $ 1,247,717 3,375,000 GMAC Commercial Mortgage Securities, Inc., 4.864%, 3,323,237 5,283,081 Local Insight Media Finance Ll, 5.88%, 10/23/37 4,705,287 $ 9,276,241 Total Banks $ 9,276,241 Diversified Financials - 1.5 % Consumer Finance - 0.1 % 1,500,000 RASC 2005-KS7 M1, Floating Rate Note, 8/25/35 $ 1,239,927 Investment Banking & Brokerage - 0.1 % 1,725,000 MLMI 2006-AR1 A2C, Floating Rate Note, 3/25/37 $ 1,486,802 Diversified Financial Services - 1.3 % 281,392 First Franklin Mortgage Loan Asset, Backed Certific$ 247,327 10,135,000JP Morgan Chase Commercial Mortgage Security Corp., 10,300,118 1,287,060 PF Export Receivable Master Trust, 6.436%, 6/1/15 ( 1,303,792 2,241,392 Power Receivables Finance, 6.29%, 1/1/12 (144A) 2,345,415 $ 14,196,652 Total Diversified Financials $ 16,923,381 Utilities - 0.6 % Electric Utilities - 0.6 % 889,930 Crocket Cogeneration, 5.869%, 3/30/25 (144A) $ 847,703 1,904,616 FPL Energy America Wind LLC, 6.639%, 6/20/23 (144A) 1,896,636 747,600 FPL Energy Wind Funding, 6.876%, 6/27/17 (144A) 783,112 2,832,750 Tenaska Alabama, 7.0%, 6/30/21 (144A) 2,668,221 $ 6,195,672 Total Utilities $ 6,195,672 TOTAL ASSET BACKED SECURITIES (Cost $45,199,973) $ 42,514,412 COLLATERALIZED MORTGAGE OBLIGATIONS - 4.7 % Materials - 0.4 % Forest Products - 0.3 % 4,470,000 TSTAR 2006-1A A, 5.668%, 10/15/36 $ 4,110,389 Total Materials $ 4,110,389 Banks - 3.1 % Thrifts & Mortgage Finance - 3.1 % 1,440,000 Banc of America Commercial Mortgage, Inc., 4.877%, $ 1,422,004 2,900,000 GS Mortgage Securities Corp. II, 7.12% , 11/18/29 3,048,771 427,745 Impac Securities Assets Corp., Floating Rate Note, 320,904 1,750,000 JPMCC 2002-C3 B, 5.146%, 7/12/35 1,699,874 1,750,000 JPMCC 2004-PNC1 A3, 5.299%, 6/12/41 1,727,800 10,000,000LB-UBS Commercial Mortgage, 5.372%, 9/15/39 9,786,714 8,510,000 SASC 2007 BHC1 A1, Floating Rate Note, 12/18/49 5,632,684 2,890,000 SASC 2007 BHC1 A2, Floating Rate Note, 12/18/49 1,766,299 2,010,000 SBA CMBS Trust, 6.709%, 11/15/36 1,811,301 1,435,000 T SRA R 2006-1 B, 5.7467%, 10/15/36 1,264,206 3,787,250 Wachovia Bank Commercial Mortgage Trust, 4.803%, 10 3,712,527 1,450,000 WBCMT 2003-C9 B, 5.109%, 12/15/35 1,428,399 761,055 Wells Fargo Mortgage Backed Security, 5.25%, 12/25/ 750,686 $ 34,372,169 Total Banks $ 34,372,169 Diversified Financials - 0.8 % Investment Banking & Brokerage - 0.0 % 1,461,096 BSMF 2007-AR4 2A1, Floating Rate Note, 4/25/37 $ 1,098,817 Diversified Financial Services - 0.7 % 873,441 CS First Boston Mortgage Security, 7.0%, 5/25/32 $ 845,007 785,227 First Horizon Mortgage Pass-Through Trust, 5.0%, 786,946 1,270,000 Global Signal, 7.036%, 2/15/36 (144A) 1,154,684 1,611,021 Morgan Stanley Capital I, 5.25%, 12/25/17 1,560,251 510,718 Morgan Stanley Capital I, 7.0%, 7/25/33 529,231 1,980,081 RALI 2005-QA10 A41, 5.7412%, 9/25/35 1,656,399 223,116 Salomon Brothers Mortgage Securities CMON, 8.0% 224,183 575,000 Tower 2004-2A F, 6.376%, 12/15/14 465,578 $ 7,222,279 Total Diversified Financials $ 8,321,096 Government - 0.5 % 817,607 Federal Home Loan Bank, 6.0%, 4/15/32 $ 848,259 4,210,680 Freddie Mac, 6.1%, 9/15/18 4,337,203 $ 5,185,462 Total Government $ 5,185,462 TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $57,271,317) $ 51,989,116 CORPORATE BONDS - 28.9 % Energy - 1.7 % Integrated Oil & Gas - 0.1 % 990,000 Marathon Oil Corp., 5.9%, 3/15/18 $ 995,147 45,000 Petro-Canada, 4.0%, 7/15/13 43,096 $ 1,038,243 Oil & Gas Exploration & Production - 1.0 % 2,180,000 Canadian National Resources, 5.9%, 2/1/18 $ 2,230,373 2,320,046 Gazprom International SA, 7.201%, 2/1/20 2,366,447 2,610,000 Panoche Energy Center, 6.885%, 7/31/29 (144A) 2,608,956 954,030 Ras Laffan Liquefied Natural Gas, 3.437%, 9/15/09 959,706 1,605,000 Ras Laffan LNG 3, 5.832%, 9/30/16 (144A) 1,593,974 720,000 Southern Star Central Corp., 6.75%, 3/1/16 691,200 $ 10,450,656 Oil & Gas Refining & Marketing - 0.0 % 435,000 Boardwalk Pipelines LLC, 5.5%, 2/1/17 $ 426,632 Oil & Gas Storage & Transporation - 0.6 % 1,535,000 Buckeye Partners, LP 6.05%, 1/15/18 $ 1,567,763 1,150,000 Holly Energy Partners LP, 6.25%, 3/1/15 1,043,625 3,915,000 NGPL Pipeco Llc, 6.514%, 12/15/12 (144A) 4,065,900 $ 6,677,288 Total Energy $ 18,592,819 Materials - 0.6 % Aluminum - 0.2 % 2,290,000 Novelis, Inc., 7.25%, 2/15/15 $ 2,026,650 Commodity Chemicals - 0.1 % 2,000,000 Nova Chemicals, Ltd., 6.5%, 1/15/12 $ 1,860,000 Construction Materials - 0.2 % 2,000,000 Vulcan Materials Co., 6.0%, 4/1/09 $ 2,064,352 Fertilizers & Agricultural Chemicals - 0.0 % 45,000 Potash Corp. Saskatchewan, 4.875%, 3/1/13 $ 45,798 Steel - 0.1 % 910,000 Nucor Corp., 5.0%, 12/1/12 $ 937,759 Total Materials $ 6,934,559 Capital Goods - 1.2 % Aerospace & Defense - 0.0 % 40,000 Boeing Co., 5.125%, 2/15/13 $ 41,934 Construction & Farm Machinery & Heavy Trucks - 0.1 1,000,000 Caterpillar, Inc., 6.55%, 5/1/11 $ 1,090,371 Electrical Component & Equipment - 0.1 % 1,409,784 Orcal Geothermal, 6.21%, 12/30/20 (144A) $ 1,497,487 Industrial Conglomerates - 0.6 % 7,000,000 GE Electric Co., 5.0%, 2/1/13 $ 7,250,761 Trading Companies & Distributors - 0.3 % 3,100,000 Glencore Funding LLC, 6.0%, 4/15/14 (144A) $ 3,029,112 Total Capital Goods $ 12,909,665 Commercial Services & Supplies - 0.6 % Office Services & Supplies - 0.6 % 6,110,000 Pitney Bowes, Inc., 5.6%, 3/15/18 $ 6,142,004 Total Commercial Services & Supplies $ 6,142,004 Transportation - 0.9 % Railroads - 0.9 % 2,140,000 Burlington Sante Fe Corp., 5.75%, 3/15/08 $ 2,146,343 3,400,000 Kansas City Southern Mex, 7.625%, 12/1/13 3,196,000 5,125,000 Union Pacific Corp., 5.7%, 8/15/18 5,095,337 $ 10,437,680 Total Transportation $ 10,437,680 Automobiles & Components - 0.1 % Auto Parts & Equipment - 0.1 % 1,085,000 Lear Corp., 8.75%, 12/1/16 $ 926,319 Total Automobiles & Components $ 926,319 Consumer Durables & Apparel - 0.9 % Homebuilding - 0.5 % 3,940,000 C10 Capital SPV, Ltd., Floating Rate Note, 12/31/49$ 3,640,954 2,260,000 C8 Capital SPV, Ltd., Floating Rate Note, 12/31/49 2,134,909 $ 5,775,863 Household Appliances - 0.4 % 4,235,000 Whirlpool Corp., 5.5%, 3/1/13 $ 4,303,853 Total Consumer Durables & Apparel $ 10,079,716 Consumer Services - 0.6 % Casinos & Gaming - 0.0 % 1,780,000 Station Casinos, Inc., 6.625%, 3/15/18 $ 1,023,500 Education Services - 0.5 % 2,470,000 President & Fellows of Harvard, 3.7%, 4/1/13 $ 2,485,808 3,095,000 President & Fellows of Harvard, 6.3%, 10/1/37 3,330,777 $ 5,816,585 Total Consumer Services $ 6,840,085 Media - 0.6 % Broadcasting & Cable Tv - 0.2 % 1,600,000 British Sky Broadcasting, 6.1%, 2/15/18 (144A) $ 1,596,342 135,000 Comcast Corp., 5.3%, 1/15/14 132,489 $ 1,728,831 Media - 0.4 % 5,000,000 Comcast Cable Corp., 6.75%, 1/30/11 $ 5,198,310 Total Media $ 6,927,141 Retailing - 0.3 % Department Stores - 0.0 % 25,000 Nordstrom, Inc., 5.625%, 1/15/09 $ 25,266 Specialty Stores - 0.3 % 3,545,000 Sally Holdings, 9.25%, 11/15/14 (144A) $ 3,536,138 Total Retailing $ 3,561,404 Food & Drug Retailing - 0.2 % Hypermarkets & Supercenters - 0.2 % 1,670,000 Wal-Mart Stores, Inc., 5.8%, 2/15/18 $ 1,750,203 Total Food & Drug Retailing $ 1,750,203 Food, Beverage & Tobacco - 0.9 % Agricultural Products - 0.3 % 3,500,000 Cargill, Inc., 5.2%, 1/22/13 (144A) $ 3,530,779 Brewers - 0.0 % 55,000 Miller Brewing Co., 5.5%, 8/15/13 (144A) $ 58,455 Distillers & Vintners - 0.4 % 4,265,000 Constellation Brands, Inc., 8.375%, 12/15/14 $ 4,392,950 Soft Drinks - 0.0 % 55,000 Bottling Group LLC, 5.0%, 11/15/13 $ 57,430 Tobacco - 0.2 % 1,535,000 UST, Inc., 5.75%, 3/1/18 $ 1,551,070 Total Food, Beverage & Tobacco $ 9,590,684 Health Care Equipment & Services - 0.4 % Health Care Facilities - 0.1 % 1,040,000 HCA, Inc., 9.625%, 11/15/16 $ 1,079,000 Managed Health Care - 0.2 % 3,275,000 United Health Group, 4.875%, 2/15/13 $ 3,235,016 Total Health Care Equipment & Services $ 4,314,016 Pharmaceuticals & Biotechnology - 0.9 % Biotechnology - 0.5 % 5,570,000 Biogen IDEC, 6.0%, 3/1/13 $ 5,635,681 Pharmaceuticals - 0.4 % 4,745,000 Valeant Pharmaceuticals, 7.0%, 12/15/11 $ 4,519,613 Total Pharmaceuticals & Biotechnology $ 10,155,294 Banks - 2.7 % Diversified Banks - 1.5 % 1,460,000 Korea Development Bank, 5.3%, 1/17/13 $ 1,495,935 1,100,000 Nationsbank Corp., 7.75%, 8/15/15 1,262,752 200,000 TNK-BP Finance SA, 6.625%, 3/20/17 173,000 1,000,000 TNK-BP Finance SA, 6.625%, 3/20/17 (144A) 865,000 2,080,000 TNK-BP Finance SA, 7.5%, 7/18/16 (144A) 1,931,800 1,000,000 TNK-BP Finance SA, 7.875%, 3/13/18 (144A) 923,750 3,520,000 Wachovia Bank NA, 6.0%, 11/15/17 3,437,928 3,520,000 Wachovia Corp., 5.75%, 6/15/17 3,416,519 3,235,000 Wells Fargo Co., 4.375%, 1/31/13 3,218,434 $ 16,725,118 Regional Banks - 0.8 % 3,515,000 Barclays Plc, 6.05%, 12/4/17 $ 3,428,436 4,500,000 Branch Banking & Trust Co., 4.875%, 1/15/13 4,545,392 1,435,000 PNC Bank NA, 6.0%, 12/7/17 1,382,215 $ 9,356,043 Thrifts & Mortgage Finance - 0.2 % 3,575,000 Washington Mutual Bank, Floating Rate Note, 5/1/09 $ 3,245,978 Total Banks $ 29,327,139 Diversified Financials - 5.1 % Asset Management & Custody Banks - 1.5 % 2,000,000 Bank of New York, 4.95%, 3/15/15 $ 1,962,492 3,945,000 Eaton Vance Corp., 6.5%, 10/2/17 4,206,628 2,000,000 Mellon Financial Co., 6.4%, 5/14/11 2,124,258 2,505,000 Mellon Funding Corp. 5.5%, 11/15/18 2,461,421 5,000,000 State Street Corp., 7.65%, 6/15/10 5,397,795 $ 16,152,594 Consumer Finance - 0.6 % 2,630,000 Ford Motor Credit Co., 5.7%, 1/15/10 $ 2,284,807 2,500,000 SLM Corp., Floating Rate Note, 4/18/08 2,496,055 3,155,000 SLM Corp., Floating Rate Note, 7/25/14 2,145,400 $ 6,926,262 Investment Banking & Brokerage - 0.8 % 3,325,000 Merrill Lynch & Co., 5.45%, 2/5/13 $ 3,271,331 5,765,000 Morgan Stanley Dean Witter, Floating Rate Note, 4/1 5,767,029 $ 9,038,360 Diversified Financial Services - 0.2 % 2,575,000 JP Morgan Chase & Co., 6.0%, 1/15/18 $ 2,685,264 Specialized Finance - 1.9 % 5,280,000 CIT Group Inc., 7.625%, 11/30/12 $ 4,388,393 5,904,965 Coso Geothermal Power, 7.0%, 7/15/26 (144A) 5,845,915 5,660,000 GATX Financial Corp., 6.0%, 2/15/18 5,725,509 3,000,000 National Rural Utilities Corp., 5.45%, 2/1/18 2,997,492 2,000,000 Spinnaker Capital Catastrophe, Floating Rate Note, 2,027,800 $ 20,985,109 Total Diversified Financials $ 55,787,589 Insurance - 4.6 % Life & Health Insurance - 1.1 % 1,000,000 Metlife, 6.125%, 12/1/11 $ 1,072,984 5,555,000 Presidential Life Corp., 7.875%, 2/15/09 5,548,056 3,500,000 Protective Life, 4.0%, 10/7/09 3,526,082 2,385,000 Prudential Financial, 5.15%, 1/15/13 2,381,377 $ 12,528,499 Multi-Line Insurance - 1.6 % 4,435,000 American General Finance, 6.9%, 12/15/17 $ 4,334,210 5,000,000 Hanover Insurance Group, 7.625%, 10/15/25 4,450,000 2,500,000 International Lease, 6.375%, 3/25/13 2,498,073 4,620,000 Liberty Mutual Group, 7.0%, 3/15/37 (144A) 4,130,982 2,650,000 Loew Corp., 5.25%, 3/15/16 2,649,584 $ 18,062,849 Property & Casualty Insurance - 1.0 % 3,742,000 Ambac Financial Group, Inc., Floating Rate Note, 2/$ 1,496,800 1,000,000 Chubb Corp., 6.0%, 11/15/11 1,012,861 4,135,000 Kingsway America, Inc., 7.5%, 2/1/14 3,782,698 2,625,000 MBIA, Inc., Floating Rate Note, 1/15/33 (144A) 2,572,500 3,035,000 Ohio Casualty Corp., 7.3%, 6/15/14 3,169,493 $ 12,034,352 Reinsurance - 0.7 % 6,220,000 Platinum Underwriters HD, 7.5%, 6/1/17 $ 6,247,635 1,500,000 Redwood Capital X Ltd CAT Bond, Floating Rate Note, 1,500,000 $ 7,747,635 Total Insurance $ 50,373,335 Real Estate - 1.7 % Real Estate Management & Development - 0.7 % 8,180,000 Forest City Enterprises, 7.625%, 6/1/15 $ 7,771,000 Real Estate Investment Trusts - 1.0 % 1,100,000 Colonial Reality LP, 6.15%, 4/15/13 $ 1,010,331 4,125,000 Health Care REIT, Inc., 6.2%, 6/1/16 3,590,148 860,000 Health Care, Inc., 6.0%, 11/15/13 825,627 935,000 Health Care, Inc., 8.0%, 9/12/12 965,615 3,470,000 Trustreet Properties, Inc., 7.5%, 4/1/15 3,778,216 565,000 Ventas Realty Capital Corp., 7.125%, 6/1/15 (144A) 560,763 $ 10,730,700 Total Real Estate $ 18,501,700 Software & Services - 0.4 % Data Processing & Outsourced Services - 0.4 % 5,520,000 First Data Corp., 9.875%, 9/24/15 (144A) $ 4,540,200 Total Software & Services $ 4,540,200 Technology Hardware & Equipment - 1.2 % Computer Hardware - 0.4 % 1,565,000 Hewlett-Packard Co., 4.5%, 3/1/13 $ 1,587,675 2,800,000 NCR Corp., 7.125%, 6/15/09 2,880,830 $ 4,468,505 Electronic Equipment & Instruments - 0.5 % 5,070,000 Agilent Technologies, Inc., 6.5%, 11/1/17 $ 5,087,552 Electronic Manufacturing Services - 0.2 % 2,170,000 Flextronics International, Ltd., 6.5%, 5/15/13 $ 2,072,350 Technology Distributors - 0.1 % 1,750,000 Anixter International Corp., 5.95%, 3/1/15 $ 1,544,515 Total Technology Hardware & Equipment $ 13,172,922 Telecommunication Services - 0.6 % Integrated Telecommunication Services - 0.5 % 4,975,000 AT&T, Inc., 5.5%, 2/1/18 $ 4,871,222 1,500,000 GTE California, Inc., 6.7%, 9/1/09 1,555,464 $ 6,426,686 Total Telecommunication Services $ 6,426,686 Utilities - 2.8 % Electric Utilities - 1.3 % 980,000 Commonwealth Edison, 6.15%, 9/15/17 $ 1,006,081 2,270,000 Entergy Gulf States, 5.7%, 6/1/15 2,198,717 3,000,000 Georgia Power Co., 4.0%, 1/15/11 3,046,815 2,675,000 Intergen NV, 9.0%, 6/30/17 2,795,375 2,105,000 Kiowa Power Partners LLC, 5.737%, 3/30/21 (144A) 2,075,551 3,550,000 West Penn Power Co., 5.95%, 12/15/17 3,687,445 $ 14,809,984 Gas Utilities - 0.5 % 4,385,000 Questar Pipeline Co., 5.83%, 2/1/18 $ 4,320,795 1,895,000 Southern Union Co., 7.2%, 11/1/66 1,516,000 $ 5,836,795 Independent Power Producer & Energy Traders - 0.3 % 3,750,000 TXU Energy Co., 10.25%, 11/1/15 $ 3,735,938 Multi-Utilities - 0.5 % 1,365,000 NSG HOLDINGS LLC, 7.75%, 12/15/25 (144A) $ 1,324,050 5,055,000 NY State Gas and Electric, 6.15%, 12/15/17 (144A) 5,135,601 $ 6,459,651 Total Utilities $ 30,842,368 TOTAL CORPORATE BONDS (Cost $324,583,530) $318,133,528 US Government Agency Obligations - 53.9 % Government - 53.9 % 140,000 Fannie Mae, 5.24%, 8/7/18 $ 149,245 65,000 Federal Home Loan Bank, 3.875%, 6/14/13 66,561 365,627 Federal Home Loan Mortgage Corp., 4.5%, 11/1/18 365,147 5,194,622 Federal Home Loan Mortgage Corp., 4.5%, 11/1/20 5,173,619 2,681,577 Federal Home Loan Mortgage Corp., 4.5%, 3/1/20 2,670,735 417,864 Federal Home Loan Mortgage Corp., 4.5%, 4/1/20 416,175 772,713 Federal Home Loan Mortgage Corp., 4.5%, 4/1/35 746,552 2,462,433 Federal Home Loan Mortgage Corp., 4.5%, 5/1/20 2,452,477 3,729,218 Federal Home Loan Mortgage Corp., 4.5%, 8/1/20 3,719,606 4,539,596 Federal Home Loan Mortgage Corp., 4.5%, 10/1/20 4,521,242 11,186,967Federal Home Loan Mortgage Corp., 4.5%, 10/1/20 11,141,737 8,638,745 Federal Home Loan Mortgage Corp., 4.5%, 10/1/35 8,331,249 9,666,740 Federal Home Loan Mortgage Corp., 4.5%, 10/1/35 9,322,653 750,659 Federal Home Loan Mortgage Corp., 4.5%, 11/1/35 723,939 5,037,117 Federal Home Loan Mortgage Corp., 4.5%, 9/1/35 4,857,822 171,555 Federal Home Loan Mortgage Corp., 4.5%, 9/1/35 165,449 181,184 Federal Home Loan Mortgage Corp., 5.0%, 11/1/34 179,802 828,851 Federal Home Loan Mortgage Corp., 5.0%, 12/1/21 838,409 3,236,989 Federal Home Loan Mortgage Corp., 5.0%, 6/1/35 3,210,241 4,977,153 Federal Home Loan Mortgage Corp., 5.0% 1/1/08 4,930,059 6,505,464 Federal Home Loan Mortgage Corp., 5.0%, 10/1/20 6,585,261 788,188 Federal Home Loan Mortgage Corp., 5.5%, 11/1/35 797,408 3,636,350 Federal Home Loan Mortgage Corp., 5.5%, 8/1/35 3,678,887 1,257,102 Federal Home Loan Mortgage Corp., 5.5%, 11/1/34 1,272,559 1,406,198 Federal Home Loan Mortgage Corp., 5.5%, 11/1/34 1,424,537 1,381,698 Federal Home Loan Mortgage Corp., 5.5%, 12/1/18 1,420,053 2,426,824 Federal Home Loan Mortgage Corp., 5.5%, 9/1/33 2,458,657 383,031 Federal Home Loan Mortgage Corp., 5.5%, 11/1/34 387,741 195,684 Federal Home Loan Mortgage Corp., 6.0%, 5/1/34 201,408 1,794,252 Federal Home Loan Mortgage Corp., 6.0%, 7/1/34 1,846,734 120,894 Federal Home Loan Mortgage Corp., 6.0%, 4/1/33 124,648 309,780 Federal Home Loan Mortgage Corp., 6.0%, 11/1/33 319,401 54,683 Federal Home Loan Mortgage Corp., 6.0% 3/1/33 56,382 230,307 Federal Home Loan Mortgage Corp., 6.0%, 1/1/33 237,459 218,035 Federal Home Loan Mortgage Corp., 6.0%, 1/1/34 224,806 582,397 Federal Home Loan Mortgage Corp., 6.0%, 1/1/34 599,432 1,184,310 Federal Home Loan Mortgage Corp., 6.0%, 12/1/33 1,221,092 213,380 Federal Home Loan Mortgage Corp., 6.0%, 12/1/33 220,705 231,313 Federal Home Loan Mortgage Corp., 6.0%, 12/1/33 238,497 84,955 Federal Home Loan Mortgage Corp., 6.0%, 2/1/33 87,654 649,478 Federal Home Loan Mortgage Corp., 6.0%, 2/1/33 670,910 461,972 Federal Home Loan Mortgage Corp., 6.0%, 3/1/33 476,645 1,442,158 Federal Home Loan Mortgage Corp., 6.0%, 3/1/33 1,487,962 821,573 Federal Home Loan Mortgage Corp., 6.0%, 4/1/35 844,126 3,342,879 Federal Home Loan Mortgage Corp., 6.0%, 5/1/34 3,440,658 549,417 Federal Home Loan Mortgage Corp., 6.0%, 5/1/34 565,487 2,353,700 Federal Home Loan Mortgage Corp., 6.0%, 6/1/35 2,418,312 1,242,321 Federal Home Loan Mortgage Corp., 6.0%, 6/1/35 1,276,424 1,352,578 Federal Home Loan Mortgage Corp., 6.0%, 8/1/34 1,392,141 1,090,013 Federal Home Loan Mortgage Corp., 6.0%, 9/1/33 1,123,866 2,000,000 Federal Home Loan Mortgage Corp., 6.0% 11/1/36 2,053,346 310,397 Federal Home Loan Mortgage Corp., 6.0%, 5/1/17 320,128 43,812 Federal Home Loan Mortgage Corp., 6.5%, 1/1/29 45,871 397,031 Federal Home Loan Mortgage Corp., 6.5%, 10/1/33 415,274 230,316 Federal Home Loan Mortgage Corp., 6.5%, 10/1/33 241,207 58,153 Federal Home Loan Mortgage Corp., 6.5%, 11/1/33 60,682 845,628 Federal Home Loan Mortgage Corp., 6.5%, 3/1/13 870,964 92,145 Federal Home Loan Mortgage Corp., 6.5%, 7/1/32 96,195 389,963 Federal Home Loan Mortgage Corp., 6.5%, 11/1/33 408,281 3,879 Federal Home Loan Mortgage Corp., 6.5%, 3/1/31 4,056 10,700,000Federal Home Loan Mortgage Corp., 6.5%, 5/1/38 11,071,162 15,361 Federal Home Loan Mortgage Corp., 7.0%, 11/1/30 16,312 9,722 Federal Home Loan Mortgage Corp., 7.0%, 12/1/30 10,324 7,331 Federal Home Loan Mortgage Corp., 8.0%, 8/1/31 7,666 2,074 Federal Home Loan Mortgage Corp., 8.048%, 10/1/33 2,101 2,265,688 Federal National Mortgage Association, 4.0%, 3/1/36 2,136,920 335,605 Federal National Mortgage Association, 4.0%, 7/1/18 329,805 3,824,662 Federal National Mortgage Association, 4.0%, 8/1/18 3,758,569 5,024,325 Federal National Mortgage Association, 4.5%, 11/1/2 5,006,936 6,366,136 Federal National Mortgage Association, 4.5%, 4/1/19 6,355,317 3,237,600 Federal National Mortgage Association, 4.5%, 10/1/3 3,124,510 2,836,042 Federal National Mortgage Association, 4.5%, 10/1/3 2,736,979 5,689,270 Federal National Morgtage Association, 4.5%, 4/1/22 5,658,274 161,275 Federal National Mortgage Association, 4.78%, 12/1/ 164,389 2,544,952 Federal National Mortgage Association, 5.0%, 10/1/2 2,574,619 181,177 Federal National Mortgage Association, 5.0%, 12/1/1 183,879 1,901,686 Federal National Mortgage Association, 5.0%, 12/1/2 1,922,757 449,589 Federal National Mortgage Association, 5.0%, 2/1/20 454,830 381,634 Federal National Mortgage Association, 5.0%, 2/1/22 385,656 1,686,031 Federal National Mortgage Association, 5.0%, 2/1/36 1,671,211 147,468 Federal National Mortgage Association, 5.0%, 3/1/33 146,366 99,814 Federal National Mortgage Association, 5.0%, 5/1/34 99,010 8,841,509 Federal National Mortgage Association, 5.0%, 6/1/36 8,760,653 8,301,426 Federal National Morgtage Association, 5.0%, 2/1/22 8,388,918 371,916 Federal National Morgtage Association, 5.0%, 12/1/2 376,205 3,923,333 Federal National Mortgage Association, 5.429%, 12/1 3,984,748 1,086,938 Federal National Mortgage Association, 5.448%, 8/1/ 1,112,133 877,543 Federal National Mortgage Association, 5.5% , 3/1/3 886,933 4,889,406 Federal National Mortgage Association, 5.5%, 10/1/3 4,940,296 2,419,281 Federal National Mortgage Association, 5.5%, 12/1/1 2,483,195 834,149 Federal National Mortgage Association, 5.5%, 12/1/1 855,765 146,187 Federal National Mortgage Association, 5.5%, 2/1/18 150,181 1,615,928 Federal National Mortgage Association, 5.5%, 3/1/25 1,643,744 4,325,014 Federal National Mortgage Association, 5.5%, 3/1/36 4,371,290 793,151 Federal National Mortgage Association, 5.5%, 4/1/19 814,105 21,980,787Federal National Mortgage Association, 5.5%, 4/1/36 22,233,600 6,368,422 Federal National Mortgage Association, 5.5%, 4/1/36 6,436,561 7,550,878 Federal National Mortgage Association, 5.5%, 5/1/36 7,631,669 3,454,760 Federal National Mortgage Association, 5.5%, 5/1/36 3,491,725 3,465,502 Federal National Mortgage Association, 5.5%, 5/1/36 3,502,581 365,021 Federal National Mortgage Association, 5.5%, 6/1/33 369,675 5,097,744 Federal National Mortgage Association, 5.5%, 6/1/36 5,152,287 4,355,994 Federal National Mortgage Association, 5.5%, 6/1/36 4,402,601 64,493 Federal National Mortgage Association, 5.5%, 7/1/23 65,687 1,732,898 Federal National Mortgage Association, 5.5%, 7/1/33 1,754,996 139,935 Federal National Mortgage Association, 5.5%, 9/1/17 143,632 3,108,862 Federal National Mortgage Association, 5.5%, 9/1/19 3,185,285 4,841,735 Federal National Morgtage Association, 5.5%, 10/1/3 4,893,797 9,813,655 Federal National Morgtage Association, 5.5%, 9/1/37 9,919,179 4,616,280 Federal National Morgtage Association, 5.5%, 5/1/37 4,665,918 23,046,572Federal National Morgtage Association, 5.5%, 9/1/37 23,294,387 8,292,476 Federal National Morgtage Association, 5.5%, 11/1/3 8,381,644 1,835,609 Federal National Morgtage Association, 5.5%, 7/1/22 1,873,994 7,343,785 Federal National Morgtage Association, 5.5%, 8/1/22 7,497,350 4,811,484 Federal National Mortgage Association, 5.536%, 8/1/ 4,887,238 94,274 Federal National Mortgage Association, 6.0% 11/1/32 97,166 5,757 Federal National Mortgage Association, 6.0%, 1/1/29 5,949 5,106 Federal National Mortgage Association, 6.0%, 1/1/29 5,365 22,008 Federal National Mortgage Association, 6.0%, 1/1/32 22,722 597,113 Federal National Mortgage Association, 6.0%, 10/1/3 615,431 181,889 Federal National Mortgage Association, 6.0%, 10/1/3 186,971 3,738,740 Federal National Mortgage Association, 6.0%, 10/1/3 3,836,731 215,027 Federal National Mortgage Association, 6.0%, 11/1/3 221,624 197,150 Federal National Mortgage Association, 6.0%, 11/1/3 202,986 117,679 Federal National Mortgage Association, 6.0%, 11/1/3 120,967 63,630 Federal National Mortgage Association, 6.0%, 2/1/32 65,668 245,863 Federal National Mortgage Association, 6.0%, 2/1/32 253,673 364,924 Federal National Mortgage Association, 6.0%, 2/1/33 376,119 31,882 Federal National Mortgage Association, 6.0%, 2/1/35 32,773 85,967 Federal National Mortgage Association, 6.0%, 2/1/35 88,369 752,800 Federal National Mortgage Association, 6.0%, 3/1/33 775,894 52,586 Federal National Mortgage Association, 6.0%, 3/1/33 54,143 1,782,662 Federal National Mortgage Association, 6.0%, 4/1/33 1,835,430 2,020,260 Federal National Mortgage Association, 6.0%, 4/1/35 2,080,061 115,773 Federal National Mortgage Association, 6.0%, 5/1/33 119,200 854,185 Federal National Mortgage Association, 6.0%, 5/1/35 876,573 277,402 Federal National Mortgage Association, 6.0%, 6/1/16 286,331 935,870 Federal National Mortgage Association, 6.0%, 7/1/33 963,573 43,187 Federal National Mortgage Association, 6.0%, 8/1/32 44,512 1,432,892 Federal National Mortgage Association, 6.0%, 8/1/34 1,475,307 10,633 Federal National Mortgage Association, 6.0%, 9/1/29 10,984 6,542 Federal National Mortgage Association, 6.0%, 9/1/32 6,743 148,165 Federal National Mortgage Association, 6.0%, 9/1/34 152,305 708,060 Federal National Mortgage Association, 6.0%, 9/1/34 727,844 2,861,812 Federal National Mortgage Association, 6.0%, 9/1/34 2,941,776 132,714 Federal National Mortgage Association, 6.0%, 9/1/34 136,422 102,235 Federal National Mortgage Association, 6.0%, 9/15/3 105,262 2,624,126 Federal National Mortgage Associatoin, 6.0%, 7/1/33 2,701,802 1,846,941 Federal National Morgtage Association, 6.0%, 6/1/37 1,895,663 82,267 Federal National Mortgage Association, 6.5% 9/1/31 85,846 15,551 Federal National Mortgage Association, 6.5%, 1/1/31 16,240 65,906 Federal National Mortgage Association, 6.5%, 10/1/3 68,773 13,553 Federal National Mortgage Association, 6.5%, 10/1/3 14,142 26,264 Federal National Mortgage Association, 6.5%, 10/1/3 27,407 263,156 Federal National Mortgage Association, 6.5%, 10/1/3 274,331 403,321 Federal National Mortgage Association, 6.5%, 12/1/3 420,867 61,641 Federal National Mortgage Association, 6.5%, 2/1/32 64,322 162,875 Federal National Mortgage Association, 6.5%, 2/1/32 169,791 162,165 Federal National Mortgage Association, 6.5%, 2/1/33 169,051 314,200 Federal National Mortgage Association, 6.5%, 3/1/32 327,541 11,653 Federal National Mortgage Association, 6.5%, 4/1/31 12,160 105,506 Federal National Mortgage Association, 6.5%, 5/1/31 110,096 295,599 Federal National Mortgage Association, 6.5%, 6/1/31 308,709 53,694 Federal National Mortgage Association, 6.5%, 7/1/29 56,153 269,391 Federal National Mortgage Association, 6.5%, 7/1/34 279,908 1,108,385 Federal National Mortgage Association, 6.5%, 7/1/36 1,148,967 38,791 Federal National Mortgage Association, 6.5%, 8/1/31 40,479 65,637 Federal National Mortgage Association, 6.5%, 9/1/31 68,492 10,347 Federal National Morgtage Association, 6.5%, 2/1/33 10,790 24,264 Federal National Morgtage Association, 6.5%, 4/1/34 25,256 844,046 Federal National Morgtage Association, 6.5%, 2/1/37 876,311 319,813 Federal National Morgtage Association, 6.5%, 10/1/3 332,044 6,571,762 Federal National Morgtage Association, 6.5%, 11/1/3 6,823,088 1,392,815 Federal National Morgtage Association, 6.5%, 11/1/3 1,446,081 128,108 Federal National Morgtage Association, 6.5%, 11/1/3 133,007 871 Federal National Morgtage Association, 6.5%, 1/1/31 912 725 Federal National Morgtage Association, 6.5%, 1/1/31 759 2,641 Federal National Morgtage Association, 6.5%, 5/1/31 2,762 26,588 Federal National Morgtage Association, 6.5%, 5/1/31 27,805 17,284 Federal National Morgtage Association, 6.5%, 6/1/31 18,075 26,673 Federal National Morgtage Association, 6.5%, 5/1/31 27,809 25,122 Federal National Morgtage Association, 6.5%, 7/1/31 26,271 71,701 Federal National Morgtage Association, 6.5%, 7/1/31 74,983 34,413 Federal National Morgtage Association, 6.5%, 3/1/31 35,988 14,378 Federal National Morgtage Association, 6.5%, 8/1/31 15,036 18,655 Federal National Morgtage Association, 6.5%, 9/1/31 19,509 674 Federal National Morgtage Association, 6.5%, 6/1/32 704 3,057 Federal National Morgtage Association, 6.5%, 1/1/33 3,197 2,000,001 Federal National Morgtage Association, 6.5%, 1/1/38 2,076,488 1,147 Federal National Morgtage Association, 6.5%, 11/1/3 1,200 864,942 Federal National Morgtage Association, 6.5%, 11/1/3 898,020 10,300,000Federal National Mortgage Association, 6.5%, 30 YR 10,666,938 5,660,051 Federal National Morgtage Association, 6.5%, 9/1/37 5,866,891 1,274,224 Federal National Morgtage Association, 7.0%, 9/1/22 1,325,193 464,379 Federal National Morgtage Association, 7.0%, 8/1/22 482,954 97,154 Federal National Mortgage Association, 7.0%, 1/1/32 103,350 7,563 Federal National Mortgage Association, 7.0%, 12/1/3 8,051 24,004 Federal National Mortgage Association, 7.0%, 12/1/3 25,555 96,704 Federal National Mortgage Association, 7.0%, 12/1/3 102,871 123,950 Federal National Mortgage Association, 7.0%, 12/1/3 131,856 6,762 Federal National Mortgage Association, 7.0%, 3/1/12 7,062 46,339 Federal National Mortgage Association, 7.0%, 4/1/31 49,335 822,371 Federal National Mortgage Association, 7.0%, 5/1/22 857,381 12,012 Federal National Mortgage Association, 7.0%, 9/1/31 12,778 29,408 Federal National Mortgage Association, 7.0%, 7/1/21 31,291 78,025 Federal National Mortgage Association, 7.0%, 9/1/31 83,002 4,378 Federal National Mortgage Association, 7.5%, 4/1/30 4,726 5,451 Federal National Mortgage Association, 7.5%, 8/1/20 5,895 722 Federal National Mortgage Association, 8.0%, 1/1/31 783 1,925 Federal National Mortgage Association, 8.0%, 10/1/3 2,086 8,336 Federal National Mortgage Association, 8.0%, 2/1/29 9,086 1,538 Federal National Mortgage Association, 8.0%, 2/1/30 1,675 1,037 Federal National Mortgage Association, 8.0%, 2/1/30 1,129 29,728 Federal National Mortgage Association, 8.0%, 3/1/31 32,374 5,316 Federal National Mortgage Association, 8.0%, 4/1/20 5,763 2,116 Federal National Mortgage Association, 8.0%, 4/1/30 2,293 1,485 Federal National Mortgage Association, 8.0%, 5/1/31 1,610 1,555 Federal National Mortgage Association, 8.0%, 7/1/30 1,685 6,931 Federal National Mortgage Association, 10.3%, 4/25/ 7,318 7,751 Federal National Mortgage Association, 10.3%, 4/25/ 9,184 145,785 Government National Mortgage Association, 4.5%, 1/1 141,685 1,484,699 Government National Mortgage Association, 4.5%, 10/ 1,444,044 1,127,764 Government National Mortgage Association, 4.5%, 10/ 1,096,883 1,791,004 Government National Mortgage Association, 4.5%, 10/ 1,740,637 116,074 Government National Mortgage Association, 4.5%, 2/1 112,847 1,170,412 Government National Mortgage Association, 4.5%, 3/1 1,137,497 578,903 Government National Mortgage Association, 4.5%, 3/1 562,623 346,678 Government National Mortgage Association, 4.5%, 3/2 334,980 308,773 Government National Mortgage Association, 4.5%, 4/1 300,089 1,540,212 Government National Mortgage Association, 4.5%, 4/1 1,496,897 162,096 Government National Mortgage Association, 4.5%, 4/1 157,537 632,849 Government National Mortgage Association, 4.5%, 4/1 615,052 168,857 Government National Mortgage Association, 4.5%, 5/1 164,163 776,562 Government National Mortgage Association, 4.5%, 5/1 754,723 257,178 Government National Mortgage Assoication, 4.5%, 4/1 249,945 160,478 Government National Mortgage Assoication, 4.5%, 5/1 156,017 35,283 Government National Mortgage Association, 4.5%, 6/1 34,302 374,594 Government National Mortgage Association, 4.5%, 7/1 364,337 333,438 Government National Mortgage Association, 4.5%, 8/1 324,308 1,402,111 Government National Mortgage Association, 4.5%, 9/1 1,363,718 320,003 Government National Mortgage Association, 4.5%, 9/1 311,003 1,921,093 Government National Mortgage Association, 4.5%, 9/1 1,867,067 248,180 Government National Mortgage Association, 5.0%, 10/ 252,372 1,972,552 Government National Mortgage Association, 5.0%, 4/1 1,975,700 1,690,874 Government National Mortgage Association, 5.0%, 4/1 1,693,178 834,731 Government National Mortgage Association, 5.0%, 5/1 835,759 118,907 Government National Mortgage Association, 5.0%, 6/1 119,069 865,803 Government National Mortgage Association, 5.0%, 7/1 879,986 11,501 Government National Mortgage Association, 5.0%, 7/1 11,689 570,203 Government National Mortgage Association, 5.0%, 9/1 571,275 4,855,409 Government National Morgtage Association, 5.5%, 1/1 4,958,463 1,148,268 Government National Mortgage Association, 5.5%, 1/1 1,173,279 444,290 Government National Mortgage Association, 5.5%, 10/ 456,192 156,187 Government National Mortgage Association, 5.5%, 10/ 159,664 901,769 Government National Mortgage Association, 5.5%, 10/ 921,466 828,427 Government National Mortgage Association, 5.5%, 10/ 846,472 766,951 Government National Mortgage Association, 5.5%, 10/ 783,656 1,616,895 Government National Mortgage Association, 5.5%, 10/ 1,652,113 443,899 Government National Mortgage Association, 5.5%, 11/ 455,789 1,911,788 Government National Mortgage Association, 5.5%, 11/ 1,953,548 1,061,848 Government National Mortgage Association, 5.5%, 11/ 1,084,566 1,920,836 Government National Mortgage Association, 5.5%, 11/ 1,961,605 132,240 Government National Mortgage Association, 5.5%, 12/ 135,782 34,972 Government National Mortgage Association, 5.5%, 12/ 35,736 327,512 Government National Mortgage Association, 5.5%, 2/1 334,646 2,112,745 Government National Mortgage Association, 5.5%, 2/1 2,158,764 1,154,257 Government National Mortgage Association, 5.5%, 2/1 1,179,399 10,885 Government National Mortgage Association, 5.5%, 4/1 11,169 4,344,184 Government National Mortgage Association, 5.5%, 4/1 4,437,129 1,253,876 Government National Mortgage Association, 5.5%, 4/2 1,278,522 2,470,614 Government National Mortgage Association, 5.5%, 5/1 2,523,052 119,265 Government National Mortgage Association, 5.5%, 6/1 121,921 1,899,900 Government National Mortgage Association, 5.5%, 6/1 1,941,283 726,827 Government National Mortgage Association, 5.5%, 6/1 742,658 564,353 Government National Mortgage Association, 5.5%, 7/1 576,918 2,931,886 Government National Mortgage Association, 5.5%, 7/1 2,995,928 3,987,890 Government National Mortgage Association, 5.5%, 7/1 4,074,753 1,301,510 Government National Mortgage Association, 5.5%, 8/1 1,335,459 1,423,077 Government National Mortgage Association, 5.5%, 8/1 1,460,197 91,344 Government National Mortgage Association, 5.5%, 8/1 93,378 118,576 Government National Mortgage Association, 5.5%, 8/1 121,216 3,989,986 Government National Mortgage Association, 5.5%, 8/1 4,074,672 1,304,929 Government National Mortgage Association, 5.5%, 9/1 1,333,982 261,142 Government National Mortgage Association, 5.5%, 7/1 266,956 3,423,899 Government National Mortgage Association, 5.5%, 7/1 3,497,155 232,084 Government National Mortgage Association, 5.5%, 8/1 237,251 722,226 Government National Morgtage Association, 6.0%, 10/ 746,471 3,388,012 Government National Morgtage Association, 6.0%, 8/1 3,502,919 79,836 Government National Mortgage Association, 6.0%, 1/1 82,528 161,448 Government National Mortgage Association, 6.0%, 1/1 166,769 356,607 Government National Mortgage Association, 6.0%, 1/1 369,336 686,097 Government National Mortgage Association, 6.0%, 1/1 711,035 203,530 Government National Mortgage Association, 6.0%, 10/ 210,901 314,546 Government National Mortgage Association, 6.0%, 10/ 325,774 969,971 Government National Mortgage Association, 6.0%, 10/ 1,003,840 2,677,529 Government National Mortgage Association, 6.0%, 10/ 2,767,414 283,988 Government National Mortgage Association, 6.0%, 11/ 294,441 114,630 Government National Mortgage Association, 6.0%, 11/ 118,781 831,260 Government National Mortgage Association, 6.0%, 11/ 860,285 1,507 Government National Mortgage Association, 6.0%, 12/ 1,520 180,596 Government National Mortgage Association, 6.0%, 2/1 187,043 4,740,073 Government National Mortgage Association, 6.0%, 2/1 4,899,008 274,227 Government National Mortgage Association, 6.0%, 3/1 283,474 342,236 Government National Mortgage Association, 6.0%, 3/1 353,775 12,487 Government National Mortgage Association, 6.0%, 3/1 12,939 663,153 Government National Mortgage Association, 6.0%, 3/1 686,824 263,534 Government National Mortgage Association, 6.0%, 3/1 272,940 810,796 Government National Mortgage Association, 6.0%, 3/1 839,736 1,601,510 Government National Mortgage Association, 6.0%, 3/1 1,658,675 755,955 Government National Mortgage Association, 6.0%, 3/1 783,466 1,580,261 Government National Mortgage Association, 6.0%, 3/1 1,637,911 3,180,152 Government National Mortgage Association, 6.0%, 3/1 3,286,910 78,136 Government National Mortgage Association, 6.0%, 4/1 80,773 3,214 Government National Mortgage Association, 6.0%, 4/1 3,322 234,717 Government National Mortgage Association, 6.0%, 4/1 242,410 402,060 Government National Mortgage Association, 6.0%, 4/1 416,411 173,530 Government National Mortgage Association, 6.0%, 4/1 179,724 452,825 Government National Mortgage Association, 6.0%, 5/1 468,094 379,137 Government National Mortgage Association, 6.0%, 5/1 391,921 579,665 Government National Mortgage Association, 6.0%, 5/1 600,356 78,007 Government National Mortgage Association, 6.0%, 6/1 80,637 46,343 Government National Mortgage Association, 6.0%, 6/1 47,997 770,769 Government National Mortgage Association, 6.0%, 7/1 772,218 8,252 Government National Mortgage Association, 6.0%, 8/1 8,538 223,996 Government National Mortgage Association, 6.0%, 8/1 232,108 49,149 Government National Mortgage Association, 6.0%, 8/1 50,986 639,580 Government National Mortgage Association, 6.0%, 9/1 660,659 1,356,535 Government National Mortgage Association, 6.0%, 9/1 1,407,444 253,726 Government National Mortgage Association, 6.0%, 9/1 262,915 109,610 Government National Mortgage Association, 6.0%, 9/1 113,580 61,523 Government National Mortgage Association, 6.0%, 9/1 63,719 335,651 Government National Mortgage Association, 6.0%, 9/1 347,371 788,099 Government National Mortgage Association, 6.0%, 9/1 815,616 3,564,548 Government National Mortgage Association, 6.0%, 9/1 3,685,590 280,343 Government National Mortgage Association, 6.0%, 9/1 290,350 66,873 Government National Mortgage Association, 6.5%, 1/1 69,932 540,863 Government National Mortgage Association, 6.5%, 1/1 564,511 2,241,889 Government National Mortgage Association, 6.5%, 1/1 2,342,881 23,692 Government National Mortgage Association, 6.5%, 1/1 24,741 262,117 Government National Mortgage Association, 6.5%, 1/1 273,288 155,856 Government National Mortgage Association, 6.5%, 1/1 162,499 16,426 Government National Mortgage Association, 6.5%, 1/1 17,109 182,367 Government National Mortgage Association, 6.5%, 10/ 190,593 578,367 Government National Mortgage Association, 6.5%, 10/ 604,456 35,158 Government National Mortgage Association, 6.5%, 10/ 36,744 512,237 Government National Mortgage Association, 6.5%, 10/ 534,634 8,537 Government National Mortgage Association, 6.5%, 10/ 8,905 957,178 Government National Mortgage Association, 6.5%, 10/ 996,071 33,722 Government National Mortgage Association, 6.5%, 11/ 35,244 338,812 Government National Mortgage Association, 6.5%, 11/ 354,083 2,000,000 Government National Mortgage Association, 6.5%, 11/ 2,081,257 1,998,109 Government National Mortgage Association, 6.5%, 11/ 2,079,289 15,000,001Government National Mortgage Association, 6.5%, 11/ 15,609,493 8,282 Government National Mortgage Association, 6.5%, 2/1 8,661 38,843 Government National Mortgage Association, 6.5%, 2/1 40,620 183,392 Government National Mortgage Association, 6.5%, 2/1 191,410 331,178 Government National Mortgage Association, 6.5%, 2/1 345,292 66,267 Government National Mortgage Association, 6.5%, 3/1 69,298 222,257 Government National Mortgage Association, 6.5%, 3/1 232,423 59,448 Government National Mortgage Association, 6.5%, 3/1 62,167 87,295 Government National Mortgage Association, 6.5%, 3/1 91,233 87,549 Government National Mortgage Association, 6.5%, 3/1 91,376 436,842 Government National Mortgage Association, 6.5%, 4/1 456,547 25,294 Government National Mortgage Association, 6.5%, 4/1 26,400 134,507 Government National Mortgage Association, 6.5%, 4/1 140,100 623 Government National Mortgage Association, 6.5%, 5/1 652 341,374 Government National Mortgage Association, 6.5%, 5/1 357,073 17,041 Government National Mortgage Association, 6.5%, 5/1 17,820 117,490 Government National Mortgage Association, 6.5%, 5/1 122,785 104,314 Government National Mortgage Association, 6.5%, 5/1 109,014 50,939 Government National Mortgage Association, 6.5%, 5/1 53,166 96,044 Government National Mortgage Association, 6.5%, 5/1 100,177 38,035 Government National Mortgage Association, 6.5%, 6/1 39,751 93,529 Government National Mortgage Association, 6.5%, 6/1 97,618 543,614 Government National Mortgage Association, 6.5%, 6/1 566,782 113,079 Government National Mortgage Association, 6.5%, 6/1 117,781 1,115,557 Government National Mortgage Association, 6.5%, 7/1 1,164,333 199,529 Government National Mortgage Association, 6.5%, 7/1 208,253 423,792 Government National Mortgage Association, 6.5%, 7/1 441,413 1,011,624 Government National Mortgage Association, 6.5%, 7/1 1,053,687 27,365 Government National Mortgage Association, 6.5%, 8/1 28,411 163,436 Government National Mortgage Association, 6.5%, 8/1 170,582 26,972 Government National Mortgage Association, 6.5%, 8/1 28,152 145,517 Government National Mortgage Association, 6.5%, 9/1 151,880 37,605 Government National Mortgage Association, 6.5%, 9/1 39,207 2,101,497 Government National Mortgage Association, 6.5%, 9/1 2,186,878 2,087,206 Government National Mortgage Association, 6.5%, 12/ 2,180,612 202,760 Government National Mortgage Association, 6.5%, 8/1 211,906 42,645 Government National Mortgage Association, 7.0%, 10/ 45,550 185,964 Government National Mortgage Association, 7.0%, 11/ 198,996 73,339 Government National Mortgage Association, 7.0%, 11/ 78,478 22,897 Government National Mortgage Association, 7.0%, 12/ 24,015 10,565 Government National Mortgage Association, 7.0%, 12/ 11,292 35,152 Government National Mortgage Association, 7.0%, 2/1 37,573 7,031 Government National Mortgage Association, 7.0%, 4/1 7,522 84,643 Government National Mortgage Association, 7.0%, 4/1 90,517 18,178 Government National Mortgage Association, 7.0%, 4/1 19,416 234,290 Government National Mortgage Association, 7.0%, 5/1 250,222 78,478 Government National Mortgage Association, 7.0%, 6/1 83,824 133,421 Government National Mortgage Association, 7.0%, 6/1 142,611 6,421 Government National Mortgage Association, 7.0%, 8/1 6,869 660,917 Government National Mortgage Association, 7.0%, 8/1 705,937 54,939 Government National Mortgage Association, 7.0%, 9/1 57,292 69,642 Government National Mortgage Association, 7.0%, 9/1 74,385 17,078 Government National Mortgage Association, 7.0%, 7/1 18,247 105,561 Government National Mortgage Association, 7.5%, 12/ 113,689 12,377 Government National Mortgage Association, 7.5%, 2/1 13,356 18,113 Government National Mortgage Association, 7.5%, 2/1 19,508 30,725 Government National Mortgage Association, 7.5%, 8/1 32,005 22,697 Government National Mortgage Association, 7.5%, 8/1 24,467 2,038 Government National Mortgage Association, 7.75%, 11 2,222 10,225 Government National Mortgage Association, 7.75%, 2/ 11,150 21,129 Government National Mortgage Association, 8.0%, 5/1 22,038 374,180 Government National Mortgage Association, I, 6.0%, 388,198 38,792 Government National Mortgage Association, I, 7.0%, 41,464 63,070 Government National Mortgage Association, I, 7.0%, 67,366 18,583 Government National Mortgage Association, I, 7.5%, 20,032 1,845,887 Government National Mortgage Association II, 4.5%, 1,783,598 726,627 Government National Mortgage Association II, 4.5%, 702,343 149,305 Government National Mortgage Association II, 5.5%, 152,240 1,389,302 Government National Mortgage Association II, 5.5%, 1,416,610 934,692 Government National Mortgage Association, II, 5.5%, 956,156 8,776 Government National Mortgage Association, II, 6.5%, 9,183 4,112 Government National Mortgage Association, II, 6.5%, 4,303 116,250 Government National Mortgage Association, II, 6.5%, 121,638 248,656 Government National Mortgage Association, II, 7.0%, 265,702 9,262 Government National Mortgage Association, II, 7.0%, 9,888 278,605 Government National Mortgage Association II, 7.0%, 297,590 1,750,000 U.S. Treasury Bonds 3.625% 5/15/13 1,848,301 8,500,000 U.S. Treasury Bonds, 4.25%, 11/15/13 9,275,625 15,000,000U.S. Treasury Bonds, 6.25%, 8/15/23 18,462,885 850,000 U.S. Treasury Bonds, 7.25%, 5/15/16 1,092,515 3,427,110 U.S. Treasury Inflation Notes, 2.0%, 1/15/14 3,711,989 28,752,000U.S. Treasury Inflation Notes, 0.0%, 11/15/13 24,768,285 500,000 U.S. Treasury Inflation Notes, 0.0%, 5/15/13 437,809 625,000 U.S. Treasury Notes, 4.0%, 2/15/15 672,070 750,000 U.S. Treasury Notes, 4.25%, 11/15/14 820,079 840,000 U.S. Treasury Notes, 5.5%, 8/15/28 973,875 450,000 U.S. Treasury Notes, 7.875%, 2/15/21 624,024 $593,605,677 TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS (Cost $576,514,054) $593,605,677 Municipal Bonds - 0.9 % Government - 0.9 % Municipal Higher Education - 0.8 % 4,380,000 California State University Revenue, 5.0%, 11/1/39 $ 4,374,963 4,600,000 Conneticut State Health & Educational, 5%, 7/1/42 4,599,632 $ 8,974,595 Municipal Tobacco - 0.1 % 750,000 Tobacco Settlement Authority Iowa, 6.79%, 6/1/10 $ 768,623 TOTAL MUNICIPAL BONDS (Cost $9,568,679) $ 9,743,218 SENIOR SECURED FLOATING RATE LOAN INTERESTS - 4.2 % Materials - 0.2 % Forest Products - 0.1 % 2,400,000 Graham Packaging Co., New Term Loan, 0.0%, 10/7/11 $ 2,202,666 Total Materials $ 2,202,666 Capital Goods - 0.1 % Electrical Component & Equipment - 0.1 % 333,984 Flextronics Semiconductor, Delayed Draw, 7.455%, 10$ 307,266 1,162,266 Flextronics Semiconductor, A-1-A Delayed, 7.39439%, 1,069,284 $ 1,376,550 Total Capital Goods $ 1,376,550 Commercial Services & Supplies - 0.4 % Environmental & Facilities Services - 0.4 % 3,000,000 Synagro Technologies, Inc., Term Loan, 5.08769%, 4/$ 2,475,000 2,534,519 Waste Services, Tranche E Term, 5.15%, 3/31/11 2,363,439 $ 4,838,439 Total Commercial Services & Supplies $ 4,838,439 Transportation - 0.1 % Air Freight & Couriers - 0.0 % 163,394 TNT Logistics, 4.73%, 11/4/13 $ 148,689 521,594 TNT Logistics, 5.70375%, 11/4/13 474,650 $ 623,339 Trucking - 0.1 % 912,849 Accuride Corp., Term Advance, 6.41287%%, 1/31/12 $ 848,949 Total Transportation $ 1,472,288 Automobiles & Components - 0.3 % Tires & Rubber - 0.3 % 3,440,000 Goodyear Tire & Rubber Co., Second Lien Loan, 6.43%$ 3,113,200 Total Automobiles & Components $ 3,113,200 Consumer Durables & Apparel - 0.1 % Housewares & Specialties - 0.1 % 1,315,063 Jarden Corp., Term Loan B3 5.19625%, 1/24/12 $ 1,263,008 Total Consumer Durables & Apparel $ 1,263,008 Consumer Services - 0.1 % Casinos & Gaming - 0.0 % 500,000 Gateway Casinos & Entertainment, Term Advance, 7.22$ 420,000 100,000 Gateway Casinos & Entertainmen, Delayed Draw, 7.228 84,000 76,316 Seminole Tribe of Florida, Term B-1 Delayed Draw, 4 73,072 274,684 Seminole Tribe of Florida, Term B-2 Delayed Draw, 263,010 269,737 Seminole Tribe of Florida, Term B-3 Delayed Draw, 5 258,273 $ 1,098,355 Total Consumer Services $ 1,098,355 Media - 0.2 % Broadcasting & Cable TV - 0.2 % 3,189,262 Univision Communication, Inc., Initial Term Loan, 0$ 2,523,503 110,738 Univision Communication, Inc., Delayed Draw, 0.0% 9 87,622 $ 2,611,125 Total Media $ 2,611,125 Food, Beverage & Tobacco - 0.2 % Packaged Foods & Meats - 0.2 % 3,000,000 Graphic Packaging International, Incremental Term L$ 2,741,250 Total Food, Beverage & Tobacco $ 2,741,250 Health Care Equipment & Services - 0.8 % Health Care Facilities - 0.6 % 1,709,567 CHS/Community Health Systems, Inc., Funded Term Loa$ 1,579,542 87,433 CHS/Community Health Sys, Inc., Delayed Draw, 0.75% 80,783 2,863,750 HCA, Inc., Tranche B Term Loan, 4.94625%, 11/7/13 2,637,975 1,150,416 Psychiatric Solutions, Inc., Term Loan 5.29056%, 7/ 1,072,763 167,372 Sun Health Care, Delayed Draw, 4.67699%, 1/15/08 152,309 265,517 Sun Health Care, Synthetic LC, 2.59625%, 4/12/14 241,621 1,169,821 Sun Health Care, Term Loan, 5.91811%, 4/12/14 1,064,537 $ 6,829,530 Health Care Supplies - 0.1 % 360,000 Bausch & Lomb, Delay Draw, 0.0%, 4/24/15 $ 350,386 1,440,000 Bausch & Lomb, Term Loan, 0.0%, 4/24/15 1,401,546 $ 1,751,932 Total Health Care Equipment & Services $ 8,581,462 Pharmaceuticals & Biotechnology - 0.2 % Pharmaceuticals - 0.2 % 3,101,445 Talecris Biotherapeutics Holdings, First Lien Term,$ 2,635,129 Total Pharmaceuticals & Biotechnology $ 2,635,129 Diversified Financials - 0.5 % Diversified Financial Services - 0.4 % 5,600,000 Metavante Corp., Term Loan, 4.98938%, 11/1/14 $ 5,226,668 Total Diversified Financials $ 5,226,668 Technology Hardware & Equipment - 0.2 % Computer Storage & Peripherals - 0.2 % 2,450,000 Sungard Data Systems, Term Loan B, 5.16188%, 2/12/1$ 2,280,727 Total Technology Hardware & Equipment $ 2,280,727 Telecommunication Services - 0.2 % Integrated Telecommunication Services - 0.1 % 171,861 Telesat Canda, U.S. Term II Loan, 6.16228%, 10/24/1$ 159,602 2,006,082 Telesat Canda, U.S. Term I Loan, 6.64053%, 10/24/14 1,867,348 $ 2,026,950 Total Telecommunication Services $ 2,026,950 Utilities - 0.5 % Independent Power Producer & Energy Traders - 0.4 % 625,000 Aeroflex, Inc., Tranche B-1 Term Loan, 0.0%, 8/15/1$ 582,421 2,952,687 Calpine Corp., First Priority Term Loan, 5.75%,3/29 2,642,655 1,990,000 Texas Competitive Electric Holdings, Initial Tranch 1,821,572 $ 5,046,648 Total Utilities $ 5,046,648 TOTAL SENIOR SECURED FLOATING RATE LOAN INTERESTS (Cost $48,265,747) $ 46,514,465 TEMPORARY CASH INVESTMENTS - 6.9 % Repurchase Agreements - 6.9 % 44,565,000Bank of America Corp., 2.42%, dated 3/31/08, repurchase price of $44,565,000 plus accrued interest on 4/1/08 collateralized by $45,236,552 Federal National Mortgage Association, $ 44,565,000 16,000,000Barclays Plc, 2.75%, dated 3/31/08, repurchase price of $16,000,000 plus accrued interest on 4/1/08 collateralized by the following: $5,886,470 Federal National Mortgage , 5.5 - 6.5%, 2/1/23 - 1/1/48 $11,962,647 Federal National Mortgage , 4.44 - 7.029 %, 1/1/34 - 9/1/37 $1,982,111 Federal Home Loan Mortgage, 4.182 - 4.728%, 12/1/34 - 6/1/35 $1,196,402 Freddie Mac Giant, 4.0 - 6.0%, 2/1/23 - 5 16,000,000 16,000,000JP Morgan Chase & Co., 2.5%, dated 3/31/08, repurchase price of $16,000,000 plus accrued interest on 4/1/08 collateralized by the following: $20,653,607 Federal National Mortgage , 5.0% - 10.0% 16,000,000 TOTAL TEMPORARY CASH INVESTMENTS (Cost $76,565,000) $ 76,565,000 TOTAL INVESTMENT IN SECURITIES - 103.6% (Cost $1,141,813,299) (a) $1,141,963,592 OTHER ASSETS AND LIABILITIES - (3.6)% $(39,517,532) TOTAL NET ASSETS - 100.0% $1,102,446,060 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 March 31, 2008, the value of these securities amounted to $71,770,774 or 6.51% of total net assets. (a) At March 31, 2008, the net unrealized gain on investments based on cost for federal income tax purposes of $1,141,813,299 was as follows: Aggregate gross unrealized gain for all investments in which there is an excess of value over tax cost $9,012,421 Aggregate gross unrealized loss for all investments in which there is an excess of tax cost over value (8,862,128) Net unrealized gain $ 150,293 FAS 157 Footnote Disclosures Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in the three broad levels listed below. Highest priority is given to Level 1 inputs and lowest priority is given to Level 3. 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.) Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining fair value of investments) The following is a summary of the inputs used as of March 31, 2008, in valuing the Fund's assets: Valuation Inputs Investments Other Financial Level 1 - Quoted Prices 76,565,000 Level 2 - Other Significant Observable Inputs 1,065,39 Level 3 - Significant Unobservable Inputs - Total 1,065,39 76,565,000 ITEM 2. CONTROLS AND PROCEDURES. (a) Disclose the conclusions of the registrant's principal executive officer or officers and principal financial officer or officers, or persons performing similar functions, about 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 their evaluation of these controls and procedures required by Rule 30a-3(b) under the Act (17 CFR270.30a-3(b))) and Rule 13a-15(b) or 15d-15(b) under the Exchange Act (17 CFR240.13a-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 CFR270.30a-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. (a) A separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2 under the Act (17 CFR 270.30a-2). Filed herewith. 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 Bond Fund By (Signature and Title)* /s/ John F. Cogan, Jr. John F. Cogan, Jr, President Date May 30, 2008 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/ John F. Cogan, Jr. John F. Cogan, Jr., President Date May 30, 2008 By (Signature and Title)* /s/ Mark Bradley Mark Bradley, Treasurer Date May 30, 2008 * Print the name and title of each signing officer under his or her signature. EX-99 2 cert.txt CERTIFICATIONS - -------------- I, John F. Cogan, Jr., certify that: 1. I have reviewed this report on Form N-Q of Pioneer Bond Fund: 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 schedule of investments included in this report fairly presents 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 registrant's other certifying officer 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 registrant's 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 registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer and I have disclosed to the registrant's auditors and the audit committee of the registrant's 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 registrant's 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 registrant's internal control over financial reporting. Date: May 30, 2008 /s/ John F. Cogan, Jr. John F. Cogan, Jr. President CERTIFICATIONS - -------------- I, Vincent Nave, certify that: 1. I have reviewed this report on Form N-Q of Pioneer Bond Fund: 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 schedule of investments included in this report fairly presents 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 registrant's other certifying officer 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 registrant's 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 registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer and I have disclosed to the registrant's auditors and the audit committee of the registrant's 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 registrant's 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 registrant's internal control over financial reporting. Date: May 30, 2008 /s/ Mark Bradley Mark Bradley Treasurer -----END PRIVACY-ENHANCED MESSAGE-----