N-Q 1 nq.txt OMB APPROVAL OMB Number: 3235-0578 Expires: February 28, 2006 Estimated average burden hours per response..... 20.0 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 811-06106 Pioneer Mid Cap Value 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: October 31 Date of reporting period: July 31, 2004 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 Mid Cap Value Fund Schedule of Investments 7/31/04 (unaudited) Shares Value COMMON STOCKS - 98.2 % Energy - 6.8 % Integrated Oil & Gas - 1.0 % 350,000 Occidental Petroleum Corp. $ 17,244,500 Oil & Gas Drilling - 3.0 % 425,000 ENSCO International, Inc. $ 12,796,750 300,000 Nabors Industries, Inc. * 13,950,000 475,000 Transocean Offshore, Inc. * 13,490,000 300,000 Weatherford International, Inc. * 14,034,000 $ 54,270,750 Oil & Gas Exploration & Production - 2.1 % 250,000 Devon Energy Corp. $ 17,372,500 550,000 Pioneer Natural Resources Co. 19,827,500 $ 37,200,000 Oil & Gas Refining Marketing & Transportation - 0.7 % 175,000 Sunoco, Inc. (a) $ 11,929,750 Total Energy $ 120,645,000 Materials - 8.7 % Commodity Chemicals - 1.0 % 350,000 Air Products & Chemicals, Inc. $ 18,112,500 Diversified Chemical - 1.6 % 475,000 PPG Industries, Inc. $ 28,001,250 Diversified Metals & Mining - 2.1 % 475,000 Phelps Dodge Corp. * $ 37,021,500 Metal & Glass Containers - 1.6 % 400,000 Ball Corp. $ 28,872,000 Paper Products - 2.4 % 950,000 Flowserve Corp. * $ 22,752,500 625,000 Meadwestvaco Corp. 18,662,500 $ 41,415,000 Total Materials $ 153,422,250 Capital Goods - 5.3 % Aerospace & Defense - 0.9 % 450,000 United Defense Industries, Inc. * $ 15,592,500 Electrical Components & Equipment - 1.3 % 300,000 American Power Conversion Corp. $ 4,530,000 1,500,000 Symbol Technologies, Inc. 19,635,000 $ 24,165,000 Industrial Conglomerates - 3.1 % 650,000 American Standard Companies, Inc. * $ 24,628,500 375,000 ITT Industries, Inc. 29,981,250 $ 54,609,750 Total Capital Goods $ 94,367,250 Commercial Services & Supplies - 4.5 % Commercial Printing - 1.8 % 225,000 John H. Harland Co. $ 6,369,750 825,000 R.R. Donnelly & Sons Co. 26,185,500 $ 32,555,250 Diversified Commercial Services - 1.1 % 400,000 H & R Block, Inc. $ 19,652,000 Environmental Services - 1.6 % 975,000 Republic Services, Inc. $ 27,885,000 Total Commercial Services & Supplies $ 80,092,250 Transportation - 1.7 % Airlines - 0.6 % 700,000 Southwest Airlines Co. $ 10,129,000 Railroads - 1.1 % 450,000 Canadian National Railway Co. $ 20,263,500 Total Transportation $ 30,392,500 Consumer Durables & Apparel - 5.1 % Apparel, Accessories & Luxury Goods - 1.0 % 900,000 The Limited Brands, Inc. $ 18,396,000 Housewares & Specialties - 0.7 % 425,000 Yankee Candlee Co. * $ 12,333,500 Leisure Products - 2.4 % 2,375,000 Mattel, Inc. $ 41,610,000 Photographic Products - 1.0 % 700,000 Eastman Kodak Co. (a) $ 18,543,000 Total Consumer Durables & Apparel $ 90,882,500 Hotels, Restaurants & Leisure - 2.4 % Restaurants - 2.4 % 450,000 Brinker International, Inc * (a) $ 16,114,500 700,000 Tricon Global Restaurants, Inc. 26,873,000 $ 42,987,500 Total Hotels, Restaurants & Leisure $ 42,987,500 Media - 1.4 % Advertising - 0.5 % 700,000 The Interpublic Group of Companies, Inc. * $ 8,953,000 Movies & Entertainment - 0.9 % 825,000 Regal Entertainment Group (a) $ 15,534,750 Total Media $ 24,487,750 Retailing - 7.4 % Apparel Retail - 1.4 % 75,000 Jones Apparel Group, Inc. $ 2,801,250 600,000 Liz Claiborne, Inc. 21,714,000 $ 24,515,250 Department Stores - 0.9 % 400,000 J.C. Penney Co., Inc. $ 16,000,000 General Merchandise Stores - 1.6 % 775,000 American Greetings Corp. * $ 18,073,000 300,000 Sears, Roebuck and Co. 11,004,000 $ 29,077,000 Specialty Stores - 3.5 % 2,100,000 Foot Locker, Inc. $ 47,250,000 850,000 Toys "R" Us, Inc. * 13,991,000 $ 61,241,000 Total Retailing $ 130,833,250 Food & Drug Retailing - 5.7 % Drug Retail - 1.4 % 592,800 CVS Corp. $ 24,820,536 Food Retail - 3.0 % 850,000 ConAgra, Inc. $ 22,100,000 1,500,000 Safeway, Inc. * 31,695,000 $ 53,795,000 Hypermarkets & Supercenters - 1.3 % 950,000 BJ'S Wholesale Club, Inc. * $ 22,144,500 Total Food & Drug Retailing $ 100,760,036 Health Care Equipment & Services - 8.1 % Health Care Distributors - 0.5 % 250,000 Para Pharmaceutical Co., Inc. * $ 9,410,000 Health Care Equipment - 1.9 % 725,000 Apogent Technologies, Inc. * $ 23,562,500 225,000 Becton, Dickinson & Co. 10,626,750 $ 34,189,250 Health Care Facilities - 3.0 % 1,700,000 Tenet Healthcare Corp. * $ 19,006,000 1,000,000 Triad Hospitals, Inc. * 34,060,000 $ 53,066,000 Health Care Services - 0.8 % 375,000 Laboratory Corp. of America Holdings * $ 14,685,000 Managed Health Care - 1.9 % 525,000 CIGNA Corp. $ 32,555,250 Total Health Care Equipment & Services $ 143,905,500 Banks - 8.6 % Regional Banks - 5.0 % 300,000 City National Corp. $ 19,350,000 425,000 KeyCorp 12,826,500 400,000 Marshall & Ilsley Corp. 15,364,000 300,000 North Fork Bancorporation,Inc. 11,715,000 200,000 TCF Financial Corp. 12,080,000 290,000 Zions Bancorporation 17,545,000 $ 88,880,500 Thrifts & Mortgage Finance - 3.6 % 250,000 Countrywide Financial Corp. $ 18,025,000 375,000 GreenPoint Financial Corp. 15,236,250 725,000 The PMI Group, Inc. 29,891,750 $ 63,153,000 Total Banks $ 152,033,500 Diversified Financials - 5.7 % Consumer Finance - 1.4 % 50,000 White Mountains Insurance Group Ltd. $ 25,275,000 Asset Management & Custody Banks - 1.0 % 650,000 Federated Investors, Inc. $ 18,271,500 Consumer Finance - 1.6 % 2,050,000 Providian Financial Corp. * $ 28,372,000 Investment Banking & Brokerage - 1.7 % 650,000 A.G. Edwards, Inc. $ 21,125,000 600,000 Investment Technology Group, Inc. * 7,884,000 $ 29,009,000 Total Diversified Financials $ 100,927,500 Insurance - 7.3 % Insurance Brokers - 2.1 % 600,000 Platinum Underwriter Holdings, Ltd. $ 16,698,000 575,000 Willis Group Holdings Ltd. 20,010,000 $ 36,708,000 Life & Health Insurance - 1.6 % 300,000 Jefferson - Pilot Corp. $ 14,454,000 927,900 Unum Corp. 14,800,005 $ 29,254,005 Property & Casualty Insurance - 3.6 % 325,000 Ambac Financial Group, Inc. $ 23,110,750 850,000 Safeco Corp. 40,001,000 $ 63,111,750 Total Insurance $ 129,073,755 Software & Services - 3.6 % Application Software - 1.1 % 1,000,000 Veritas Software Corp. * $ 19,060,000 Data Processing & Outsourced Services - 2.5 % 1,750,000 The BISYS Group, Inc. * $ 23,887,500 875,000 SunGard Data Systems, Inc. * 20,396,250 $ 44,283,750 Total Software & Services $ 63,343,750 Technology Hardware & Equipment - 8.8 % Communications Equipment - 2.9 % 900,000 Century Telephone Enterprises, Inc. $ 27,891,000 1,100,000 Tellabs, Inc. * (a) 9,801,000 750,000 Utstarcom, Inc. * (a) 13,695,000 $ 51,387,000 Computer Hardware - 1.6 % 597,000 NCR Corp. * $ 27,718,710 Computer Storage & Peripherals - 2.6 % 275,000 Imation Corp. * $ 9,116,250 875,000 Sandisk Corp. * (a) 21,280,000 650,000 Storage Technology Corp. * 16,217,500 $ 46,613,750 Electronic Equipment & Instruments - 1.7 % 560,000 W.W. Grainger, Inc. $ 29,652,000 Total Technology Hardware & Equipment $ 155,371,460 Semiconductors - 0.6 % Semiconductors - 0.6 % 1,000,000 Cypress Semiconductor Corp. * $ 11,340,000 Total Semiconductors $ 11,340,000 Utilities - 6.2 % Electric Utilities - 4.8 % 450,000 Constellation Energy Group $ 17,347,500 425,000 DTE Energy Co. (a) 17,072,250 350,000 Entergy Corp. 20,125,000 1,050,000 PG&E Corp. * 29,967,000 $ 84,511,750 Multi-Utilities & Unregulated Power - 1.4 % 2,599,400 Reliant Energy * $ 25,682,072 Total Utilities $ 110,193,822 TOTAL COMMON STOCKS (Cost $1,457,040,703) $ 1,735,059,573 Principal Amount TEMPORARY CASH INVESTMENTS - 1.9% Repurchase Agreement - 1.9% $33,000,000 UBS Warburg, Inc., 1.26%, dated 7/30/04, repurchase price of $33,000,000 plus accrued interest on 8/2/04 collateralized by $33,677,000, U.S. Treasury Bill, 1.19%, 8/12/04 $ 33,000,000 TOTAL TEMPORARY CASH INVESTMENTS (Cost $33,000,000) $ 33,000,000 TOTAL INVESTMENT IN SECURITIES - 100.1% (Cost $1,490,040,703)(a) $ 1,768,059,573 OTHER ASSETS AND LIABILITIES - (0.1)% $ (1,455,027) TOTAL NET ASSETS - 100.0% $ 1,766,604,546 * Non-income producing security. (a) At July 31, 2004, the net unrealized gain on investments based on cost for federal income tax purposes of $1,492,379,191 was as follows: Aggregate gross unrealized gain for all investments in which there is an excess of value over tax cost $ 292,694,539 Aggregate gross unrealized loss for all investments in which there is an excess of tax cost over value (17,014,157) Net unrealized gain $ 275,680,382 (b) At July 31, 2004, the following securities were out on loan: Market Shares Description Value 169,400 Brinker International, Inc * $ 6,066,214 261,400 DTE Energy Co. 10,500,438 100,000 Eastman Kodak Co. 2,649,000 780,250 Regal Entertainment Group 14,692,108 395,063 Sandisk Corp. * 9,607,932 166,250 Sunoco, Inc. 11,333,263 300,000 Tellabs, Inc. * 2,673,000 665,000 Utstarcom, Inc. * 12,142,900 Total $ 69,664,855
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 certifying officers have determined that the registrant's disclosure controls and procedures are effective based on an evaluation of these controls and procedures as of a date within 90 days prior to 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 controls over financial reporting that occurred during the registrant's last fiscal quarter that have materially affected, or is 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 Mid Cap Value Fund By (Signature and Title)* /s/ John F. Cogan, Jr. John F. Cogan, Jr, President Date September 28, 2004 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 September 28, 2004 By (Signature and Title)* /s/ Vincent Nave Vincent Nave, Treasurer Date September 28, 2004 * Print the name and title of each signing officer under his or her signature.