N-Q 1 fundsoi.htm PIONEER FUND SOI fundsoi.htm
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                                 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 811-01466


                            Pioneer 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:  December 31

Date of reporting period:  September 30, 2013

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.





       
Pioneer Fund
       
       
Schedule of Investments 9/30/2013
       
                 
 
Shares
       
Value
   
       
COMMON STOCKS - 100.1%
       
       
Energy - 9.3%
       
       
Oil & Gas Drilling - 0.8%
       
 
607,174
   
Ensco Plc
$
32,635,602
   
 
146,615
   
Helmerich & Payne, Inc.
 
10,109,104
   
         
$
42,744,706
   
       
Oil & Gas Equipment & Services - 2.1%
       
 
175,077
   
Cameron International Corp. *
$
10,219,244
   
 
172,721
   
FMC Technologies, Inc. *
 
9,572,198
   
 
317,028
   
Halliburton Co.
 
15,264,898
   
 
326,122
   
National Oilwell Varco, Inc.
 
25,473,389
   
 
484,324
   
Schlumberger, Ltd.
 
42,794,869
   
         
$
103,324,598
   
       
Integrated Oil & Gas - 1.4%
       
 
464,041
   
Chevron Corp.
$
56,380,982
   
 
134,276
   
Occidental Petroleum Corp.
 
12,560,177
   
         
$
68,941,159
   
       
Oil & Gas Exploration & Production - 3.9%
       
 
491,844
   
Apache Corp.
$
41,875,598
   
 
1,181,814
   
Cabot Oil & Gas Corp.
 
44,105,298
   
 
518,332
   
ConocoPhillips
 
36,029,257
   
 
1,106,762
   
Marathon Oil Corp.
 
38,603,859
   
 
861,689
   
Southwestern Energy Co. *
 
31,348,246
   
         
$
191,962,258
   
       
Oil & Gas Refining & Marketing - 1.1%
       
 
416,557
   
Marathon Petroleum Corp.
$
26,792,946
   
 
449,296
   
Phillips 66
 
25,978,295
   
         
$
52,771,241
   
       
Total Energy
$
459,743,962
   
       
Materials - 2.9%
       
       
Fertilizers & Agricultural Chemicals - 0.7%
       
 
195,182
   
Monsanto Co.
$
20,371,145
   
 
338,278
   
The Mosaic Co.
 
14,552,720
   
         
$
34,923,865
   
       
Industrial Gases - 0.9%
       
 
410,486
   
Airgas, Inc.
$
43,532,040
   
       
Specialty Chemicals - 1.1%
       
 
562,216
   
Ecolab, Inc.
$
55,524,452
   
       
Paper Products - 0.2%
       
 
230,884
   
International Paper Co.
$
10,343,603
   
       
Total Materials
$
144,323,960
   
       
Capital Goods - 9.0%
       
       
Aerospace & Defense - 2.1%
       
 
208,914
   
Raytheon Co.
$
16,101,002
   
 
836,908
   
United Technologies Corp.
 
90,235,421
   
         
$
106,336,423
   
       
Electrical Components & Equipment - 0.4%
       
 
168,855
   
Rockwell Automation, Inc.
$
18,057,354
   
       
Industrial Conglomerates - 2.9%
       
 
682,809
   
3M Co.
$
81,534,223
   
 
2,578,983
   
General Electric Co.
 
61,611,904
   
         
$
143,146,127
   
       
Construction & Farm Machinery & Heavy Trucks - 1.8%
       
 
332,202
   
Cummins, Inc.
$
44,139,680
   
 
794,943
   
PACCAR, Inc.
 
44,246,527
   
         
$
88,386,207
   
       
Industrial Machinery - 1.8%
       
 
873,614
   
Ingersoll-Rand Plc
$
56,732,493
   
 
393,111
   
SPX Corp.
 
33,272,915
   
         
$
90,005,408
   
       
Total Capital Goods
$
445,931,519
   
       
Transportation - 2.3%
       
       
Air Freight & Logistics - 0.5%
       
 
266,587
   
United Parcel Service, Inc. (Class B)
$
24,358,054
   
       
Railroads - 1.8%
       
 
554,086
   
Norfolk Southern Corp.
$
42,858,552
   
 
291,008
   
Union Pacific Corp.
 
45,205,183
   
         
$
88,063,735
   
       
Total Transportation
$
112,421,789
   
       
Automobiles & Components - 2.6%
       
       
Auto Parts & Equipment - 1.3%
       
 
258,703
   
BorgWarner, Inc.
$
26,229,897
   
 
840,054
   
Johnson Controls, Inc.
 
34,862,241
   
         
$
61,092,138
   
       
Automobile Manufacturers - 1.3%
       
 
3,878,999
   
Ford Motor Co.
$
65,438,713
   
       
Total Automobiles & Components
$
126,530,851
   
       
Consumer Durables & Apparel - 0.5%
       
       
Apparel, Accessories & Luxury Goods - 0.5%
       
 
421,904
   
Coach, Inc.
$
23,006,425
   
       
Total Consumer Durables & Apparel
$
23,006,425
   
       
Consumer Services - 1.6%
       
       
Restaurants - 1.6%
       
 
426,656
   
McDonald's Corp.
$
41,048,574
   
 
497,078
   
Starbucks Corp.
 
38,260,094
   
         
$
79,308,668
   
       
Total Consumer Services
$
79,308,668
   
       
Media - 4.8%
       
       
Cable & Satellite - 0.3%
       
 
361,922
   
Comcast Corp.
$
16,340,778
   
       
Movies & Entertainment - 1.8%
       
 
1,109,402
   
The Walt Disney Co.
$
71,545,335
   
 
280,612
   
Time Warner, Inc.
 
18,467,076
   
         
$
90,012,411
   
       
Publishing - 2.7%
       
 
2,770,350
   
John Wiley & Sons, Inc.
$
132,117,992
   
       
Total Media
$
238,471,181
   
       
Retailing - 4.4%
       
       
Department Stores - 1.1%
       
 
775,434
   
Macy's, Inc.
$
33,553,029
   
 
320,475
   
Nordstrom, Inc.
 
18,010,695
   
         
$
51,563,724
   
       
General Merchandise Stores - 0.8%
       
 
627,785
   
Target Corp.
$
40,165,684
   
       
Apparel Retail - 1.8%
       
 
552,690
   
Ross Stores, Inc.
$
40,235,832
   
 
875,380
   
TJX Companies, Inc.
 
49,362,678
   
         
$
89,598,510
   
       
Home Improvement Retail - 0.7%
       
 
334,680
   
Lowe's Companies, Inc.
$
15,934,115
   
 
261,192
   
The Home Depot, Inc.
 
19,811,413
   
         
$
35,745,528
   
       
Total Retailing
$
217,073,446
   
       
Food & Staples Retailing - 2.9%
       
       
Drug Retail - 2.5%
       
 
726,983
   
CVS Caremark Corp.
$
41,256,285
   
 
1,560,551
   
Walgreen Co.
 
83,957,644
   
         
$
125,213,929
   
       
Hypermarkets & Super Centers - 0.4%
       
 
230,100
   
Wal-Mart Stores, Inc.
$
17,018,196
   
       
Total Food & Staples Retailing
$
142,232,125
   
       
Food, Beverage & Tobacco - 5.8%
       
       
Soft Drinks - 1.0%
       
 
348,385
   
Coca-Cola Enterprises, Inc.
$
14,008,561
   
 
397,721
   
Dr. Pepper Snapple Group, Inc.
 
17,825,855
   
 
227,550
   
PepsiCo, Inc.
 
18,090,225
   
         
$
49,924,641
   
       
Packaged Foods & Meats - 4.8%
       
 
522,101
   
Campbell Soup Co.
$
21,254,732
   
 
651,922
   
General Mills, Inc.
 
31,240,102
   
 
400,759
   
Kraft Foods Group, Inc.
 
21,015,802
   
 
1,202,380
   
Mondelez International, Inc.
 
37,778,780
   
 
1,367,563
   
The Hershey Co.
 
126,499,578
   
         
$
237,788,994
   
       
Total Food, Beverage & Tobacco
$
287,713,635
   
       
Household & Personal Products - 2.8%
       
       
Household Products - 2.8%
       
 
1,652,803
   
Colgate-Palmolive Co.
$
98,011,218
   
 
231,522
   
The Clorox Co.
 
18,919,978
   
 
304,446
   
The Procter & Gamble Co.
 
23,013,073
   
         
$
139,944,269
   
       
Total Household & Personal Products
$
139,944,269
   
       
Health Care Equipment & Services - 6.4%
       
       
Health Care Equipment - 5.2%
       
 
1,151,429
   
Abbott Laboratories
$
38,215,929
   
 
365,986
   
Baxter International, Inc.
 
24,041,620
   
 
487,872
   
Becton Dickinson and Co.
 
48,796,957
   
 
678,804
   
Covidien Plc
 
41,366,316
   
 
687,494
   
CR Bard, Inc.
 
79,199,309
   
 
1,868,853
   
Smith & Nephew Plc
 
23,322,175
   
         
$
254,942,306
   
       
Health Care Services - 0.6%
       
 
341,326
   
DaVita HealthCare Partners, Inc. *
$
19,421,449
   
 
184,973
   
Express Scripts Holding Co. *
 
11,427,632
   
         
$
30,849,081
   
       
Managed Health Care - 0.6%
       
 
464,809
   
Aetna, Inc.
$
29,757,072
   
       
Total Health Care Equipment & Services
$
315,548,459
   
       
Pharmaceuticals, Biotechnology & Life Sciences - 8.8%
       
       
Biotechnology - 2.5%
       
 
478,315
   
Amgen, Inc.
$
53,542,581
   
 
258,594
   
Celgene Corp. *
 
39,805,374
   
 
434,306
   
Gilead Sciences, Inc. *
 
27,291,789
   
         
$
120,639,744
   
       
Pharmaceuticals - 5.8%
       
 
1,151,429
   
AbbVie, Inc.
$
51,503,419
   
 
373,518
   
Eli Lilly & Co.
 
18,799,161
   
 
1,029,662
   
Johnson & Johnson
 
89,261,399
   
 
84,875
   
Mallinckrodt Plc *
 
3,742,139
   
 
563,016
   
Merck & Co., Inc.
 
26,805,192
   
 
2,092,510
   
Pfizer, Inc.
 
60,075,962
   
 
1,194,462
   
Zoetis, Inc.
 
37,171,657
   
         
$
287,358,929
   
       
Life Sciences Tools & Services - 0.5%
       
 
279,533
   
Thermo Fisher Scientific, Inc.
$
25,758,966
   
       
Total Pharmaceuticals, Biotechnology & Life Sciences
$
433,757,639
   
       
Banks - 6.7%
       
       
Diversified Banks - 3.8%
       
 
250,009
   
Canadian Imperial Bank of Commerce
$
19,911,427
   
 
1,680,584
   
US Bancorp/MN
 
61,475,763
   
 
2,630,719
   
Wells Fargo & Co.
 
108,701,309
   
         
$
190,088,499
   
       
Regional Banks - 2.9%
       
 
1,000,000
   
BB&T Corp.
$
33,750,000
   
 
1,952,036
   
KeyCorp
 
22,253,210
   
 
1,200,600
   
The PNC Financial Services Group, Inc.
 
86,983,470
   
         
$
142,986,680
   
       
Total Banks
$
333,075,179
   
       
Diversified Financials - 6.6%
       
       
Other Diversified Financial Services - 2.7%
       
 
2,163,774
   
Bank of America Corp.
$
29,860,081
   
 
1,296,269
   
Citigroup, Inc.
 
62,882,009
   
 
826,262
   
JPMorgan Chase & Co.
 
42,709,483
   
         
$
135,451,573
   
       
Consumer Finance - 1.4%
       
 
421,317
   
American Express Co.
$
31,817,860
   
 
704,308
   
Discover Financial Services, Inc.
 
35,595,726
   
         
$
67,413,586
   
       
Asset Management & Custody Banks - 2.1%
       
 
707,045
   
Franklin Resources, Inc.
$
35,741,125
   
 
730,325
   
Invesco, Ltd.
 
23,297,368
   
 
615,462
   
T. Rowe Price Group, Inc.
 
44,270,182
   
         
$
103,308,675
   
       
Investment Banking & Brokerage - 0.4%
       
 
119,954
   
The Goldman Sachs Group, Inc.
$
18,977,922
   
       
Total Diversified Financials
$
325,151,756
   
       
Insurance - 3.3%
       
       
Life & Health Insurance - 0.8%
       
 
645,378
   
Aflac, Inc.
$
40,006,982
   
       
Property & Casualty Insurance - 2.5%
       
 
975,148
   
The Chubb Corp.
$
87,041,710
   
 
458,039
   
The Travelers Companies, Inc.
 
38,827,966
   
         
$
125,869,676
   
       
Total Insurance
$
165,876,658
   
       
Software & Services - 11.3%
       
       
Internet Software & Services - 2.5%
       
 
499,557
   
eBay, Inc. *
$
27,870,285
   
 
718,905
   
Facebook, Inc. *
 
36,117,787
   
 
50,316
   
Google, Inc. *
 
44,072,288
   
 
497,500
   
Yahoo!, Inc. *
 
16,497,100
   
         
$
124,557,460
   
       
IT Consulting & Other Services - 1.0%
       
 
280,196
   
International Business Machines Corp.
$
51,886,695
   
       
Data Processing & Outsourced Services - 3.3%
       
 
804,447
   
Automatic Data Processing, Inc.
$
58,225,874
   
 
345,615
   
DST Systems, Inc.
 
26,062,827
   
 
317,732
   
Fiserv, Inc. *
 
32,106,819
   
 
35,898
   
Mastercard, Inc.
 
24,151,456
   
 
126,919
   
Visa, Inc.
 
24,254,221
   
         
$
164,801,197
   
       
Application Software - 1.0%
       
 
792,123
   
Adobe Systems, Inc. *
$
41,142,869
   
 
356,921
   
Nuance Communications, Inc. *
 
6,672,638
   
         
$
47,815,507
   
       
Systems Software - 3.5%
       
 
2,952,257
   
Microsoft Corp.
$
98,339,681
   
 
1,240,151
   
Oracle Corp.
 
41,135,809
   
 
1,297,434
   
Symantec Corp.
 
32,111,492
   
         
$
171,586,982
   
       
Total Software & Services
$
560,647,841
   
       
Technology Hardware & Equipment - 3.7%
       
       
Communications Equipment - 1.3%
       
 
1,567,231
   
Cisco Systems, Inc.
$
36,704,550
   
 
128,096
   
F5 Networks, Inc. *
 
10,985,513
   
 
290,244
   
Motorola Solutions, Inc.
 
17,234,689
   
         
$
64,924,752
   
       
Computer Hardware - 2.0%
       
 
208,925
   
Apple, Inc.
$
99,604,994
   
       
Computer Storage & Peripherals - 0.4%
       
 
744,741
   
EMC Corp.
$
19,035,580
   
       
Total Technology Hardware & Equipment
$
183,565,326
   
       
Semiconductors & Semiconductor Equipment - 3.3%
       
       
Semiconductor Equipment - 0.5%
       
 
268,298
   
ASML Holding NV (A.D.R.)
$
26,497,110
   
       
Semiconductors - 2.8%
       
 
1,297,646
   
Analog Devices, Inc.
$
61,054,244
   
 
801,865
   
Intel Corp.
 
18,378,746
   
 
467,479
   
Maxim Integrated Products, Inc.
 
13,930,874
   
 
905,590
   
Xilinx, Inc.
 
42,435,947
   
         
$
135,799,811
   
       
Total Semiconductors & Semiconductor Equipment
$
162,296,921
   
       
Telecommunication Services - 0.7%
       
       
Integrated Telecommunication Services - 0.7%
       
 
783,371
   
Verizon Communications, Inc.
$
36,552,091
   
       
Total Telecommunication Services
$
36,552,091
   
       
Utilities - 0.4%
       
       
Electric Utilities - 0.4%
       
 
464,809
   
American Electric Power Co., Inc.
$
20,149,470
   
       
Total Utilities
$
20,149,470
   
       
TOTAL COMMON STOCKS
       
       
(Cost $2,852,062,430)
$
4,953,323,170
   
                 
       
TOTAL INVESTMENT IN SECURITIES - 100.1%
       
       
(Cost $2,852,062,430) (a)
$
4,953,323,170
   
       
OTHER ASSETS & LIABILITIES - (0.1)%
$
(4,735,978)
   
       
TOTAL NET ASSETS - 100.0%
$
4,948,587,192
   
                 
                 
 
*
   
Non-income producing security.
       
                 
 
+
   
Investment held by the Fund representing 5% or more of the outstanding voting stock of such company.  See Notes to Financial Statements - Note 6.
                 
 
(A.D.R.)
   
American Depositary Receipts.
       
                 
 
(a)
   
At September 30, 2013, the net unrealized gain on investments based on
     
       
cost for federal income tax purposes of $2,856,795,161 was as follows:
       
                 
       
Aggregate gross unrealized gain for all investments in which
       
       
there is an excess of value over tax cost
$
2,146,739,049
   
                 
       
Aggregate gross unrealized loss for all investments in which
       
       
there is an excess of tax cost over value
 
(50,211,040)
   
                 
       
Net unrealized gain
$
2,096,528,009
   
                 
                 
                 
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.
                 
Generally, equity securities are categorized as Level 1, fixed income securities and senior loans as Level 2 and securities valued
using fair value methods (other than prices supplied by independent pricing services) as Level 3.  See Notes to Financial Statements - Note 1A.
                 
The following is a summary of the inputs used as of September 30, 2013, in valuing the Fund’s investments:
   





   
Level 1
   
Level 2
   
Level 3
   
Total
 
Common Stocks
  $ 4,953,323,170     $ -     $ -     $ 4,953,323,170  
Total
  $ 4,953,323,170     $ -     $ -     $ 4,953,323,170  
                                 
During the six months ended September 30, 2013, there were no transfers between Levels 1, 2 and 3.
         

 






 


 


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. (a) 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)). 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 Fund By (Signature and Title)* /s/ John F. Cogan, Jr. John F. Cogan, Jr, President Date November 29, 2013 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 November 29, 2013 By (Signature and Title)* /s/ Mark Bradley Mark Bradley, Treasurer Date November 29, 2013 * Print the name and title of each signing officer under his or her signature.