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      </invstOrSec>
      <invstOrSec>
        <name>ADOBE INC</name>
        <lei>N/A</lei>
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          <isin value="US00724F1012"/>
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        <balance>103350.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COMCAST CORP-CLASS A</name>
        <lei>N/A</lei>
        <title>COMCAST CORP-CLASS A 0.00000000</title>
        <cusip>20030N101</cusip>
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          <isin value="US20030N1019"/>
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        <balance>842406.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COOPER COS INC/THE</name>
        <lei>N/A</lei>
        <title>COOPER COS INC/THE 0.00000000</title>
        <cusip>216648402</cusip>
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          <isin value="US2166484020"/>
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        <balance>30913.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HOME DEPOT INC</name>
        <lei>N/A</lei>
        <title>HOME DEPOT INC 0.00000000</title>
        <cusip>437076102</cusip>
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          <isin value="US4370761029"/>
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        <balance>142609.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BIOGEN INC</name>
        <lei>N/A</lei>
        <title>BIOGEN INC 0.00000000</title>
        <cusip>09062X103</cusip>
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          <isin value="US09062X1037"/>
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        <balance>23318.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7377348.84000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SCHWAB (CHARLES) CORP</name>
        <lei>N/A</lei>
        <title>SCHWAB (CHARLES) CORP 0.00000000</title>
        <cusip>808513105</cusip>
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          <isin value="US8085131055"/>
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        <balance>645394.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VERIZON COMMUNICATIONS INC</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>VERIZON COMMUNICATIONS INC 0.00000000</title>
        <cusip>92343V104</cusip>
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          <isin value="US92343V1044"/>
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        <balance>1317575.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>70793304.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ELANCO ANIMAL HEALTH INC</name>
        <lei>N/A</lei>
        <title>ELANCO ANIMAL HEALTH INC 0.00000000</title>
        <cusip>28414H103</cusip>
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          <isin value="US28414H1032"/>
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        <balance>284492.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ABBVIE INC</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
        <title>ABBVIE INC 0.00000000</title>
        <cusip>00287Y109</cusip>
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          <isin value="US00287Y1091"/>
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        <balance>281839.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21473313.41000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ALPHABET INC-CL A</name>
        <lei>5493006MHB84DD0ZWV18</lei>
        <title>ALPHABET INC-CL A 0.00000000</title>
        <cusip>02079K305</cusip>
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          <isin value="US02079K3059"/>
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        <balance>67897.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ILLINOIS TOOL WORKS</name>
        <lei>N/A</lei>
        <title>ILLINOIS TOOL WORKS 0.00000000</title>
        <cusip>452308109</cusip>
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          <isin value="US4523081093"/>
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        <balance>111035.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15780294.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MEDTRONIC PLC</name>
        <lei>N/A</lei>
        <title>MEDTRONIC PLC 0.00000000</title>
        <cusip>G5960L103</cusip>
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          <isin value="IE00BTN1Y115"/>
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        <curCd>USD</curCd>
        <valUSD>56199634.92000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AMAZON.COM INC</name>
        <lei>N/A</lei>
        <title>AMAZON.COM INC 0.00000000</title>
        <cusip>023135106</cusip>
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          <isin value="US0231351067"/>
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        <balance>37614.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ELI LILLY &amp; CO</name>
        <lei>N/A</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PROGRESSIVE CORP</name>
        <lei>N/A</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HESS CORP</name>
        <lei>UASVRYNXNK17ULIGK870</lei>
        <title>HESS CORP 0.00000000</title>
        <cusip>42809H107</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CATERPILLAR INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MICRON TECHNOLOGY INC</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>CDW CORP/DE</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ACCENTURE PLC-CL A</name>
        <lei>N/A</lei>
        <title>ACCENTURE PLC-CL A 0.00000000</title>
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        <assetCat>EC</assetCat>
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        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MOTOROLA SOLUTIONS INC</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SCHLUMBERGER LTD</name>
        <lei>N/A</lei>
        <title>SCHLUMBERGER LTD 0.00000000</title>
        <cusip>806857108</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>KANSAS CITY SOUTHERN</name>
        <lei>5493008C12PZMWP3WY03</lei>
        <title>KANSAS CITY SOUTHERN 0.00000000</title>
        <cusip>485170302</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DOW INC</name>
        <lei>5493003S21INSLK2IP73</lei>
        <title>DOW INC 0.00000000</title>
        <cusip>260557103</cusip>
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        <balance>306588.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8964633.12000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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        <name>ULTA BEAUTY INC</name>
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        <name>S&amp;P GLOBAL INC</name>
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        <name>RAYTHEON COMPANY</name>
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        <name>ZENDESK INC</name>
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        <name>NEXTERA ENERGY INC</name>
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        <name>ESSEX PROPERTY TRUST INC</name>
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        <name>STANLEY BLACK &amp; DECKER INC</name>
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        <name>GUIDEWIRE SOFTWARE INC</name>
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        <name>VF CORP</name>
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        <name>BORGWARNER INC</name>
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        <name>ARISTA NETWORKS INC</name>
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        <name>BERKSHIRE HATHAWAY INC-CL B</name>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EOG RESOURCES INC</name>
        <lei>N/A</lei>
        <title>EOG RESOURCES INC 0.00000000</title>
        <cusip>26875P101</cusip>
        <identifiers>
          <isin value="US26875P1012"/>
        </identifiers>
        <balance>371760.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13353619.20000000</valUSD>
        <pctVal>0.983330453983</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANK OF AMERICA CORP</name>
        <lei>N/A</lei>
        <title>BANK OF AMERICA CORP 0.00000000</title>
        <cusip>060505104</cusip>
        <identifiers>
          <isin value="US0605051046"/>
        </identifiers>
        <balance>2788970.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>59209833.10000000</valUSD>
        <pctVal>4.360078806388</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PEPSICO INC</name>
        <lei>N/A</lei>
        <title>PEPSICO INC 0.00000000</title>
        <cusip>713448108</cusip>
        <identifiers>
          <isin value="US7134481081"/>
        </identifiers>
        <balance>151846.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>18236704.60000000</valUSD>
        <pctVal>1.342909869219</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NETAPP INC</name>
        <lei>N/A</lei>
        <title>NETAPP INC 0.00000000</title>
        <cusip>64110D104</cusip>
        <identifiers>
          <isin value="US64110D1046"/>
        </identifiers>
        <balance>288181.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12014265.89000000</valUSD>
        <pctVal>0.884703491611</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AMERICAN EXPRESS CO</name>
        <lei>N/A</lei>
        <title>AMERICAN EXPRESS CO 0.00000000</title>
        <cusip>025816109</cusip>
        <identifiers>
          <isin value="US0258161092"/>
        </identifiers>
        <balance>189150.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16193131.50000000</valUSD>
        <pctVal>1.192425746969</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>APTIV PLC</name>
        <lei>N/A</lei>
        <title>APTIV PLC 0.00000000</title>
        <cusip>G6095L109</cusip>
        <identifiers>
          <isin value="JE00B783TY65"/>
        </identifiers>
        <balance>63122.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3108127.28000000</valUSD>
        <pctVal>0.228875495362</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MICROSOFT CORP</name>
        <lei>N/A</lei>
        <title>MICROSOFT CORP 0.00000000</title>
        <cusip>594918104</cusip>
        <identifiers>
          <isin value="US5949181045"/>
        </identifiers>
        <balance>356515.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>56225980.65000000</valUSD>
        <pctVal>4.140354629718</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CENTURYLINK INC</name>
        <lei>N/A</lei>
        <title>CENTURYLINK INC 0.00000000</title>
        <cusip>156700106</cusip>
        <identifiers>
          <isin value="US1567001060"/>
        </identifiers>
        <balance>638171.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6037097.66000000</valUSD>
        <pctVal>0.444558279956</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2020-04-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Pioneer Series Trust XI</ncom:nameOfApplicant>
      <ncom:signature>Mark E. Bradley </ncom:signature>
      <ncom:signerName>Mark E. Bradley </ncom:signerName>
      <ncom:title>Treasurer and Chief Accounting and Financial Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
