N-Q 1 nq.txt OMB APPROVAL OMB Number: 3235-0578 Expires: May 31, 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, 2005 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 7/31/05 (unaudited) Shares Value COMMON STOCKS - 98.6 % Energy - 6.7 % Integrated Oil & Gas - 1.4 % 450,000 Occidental Petroleum Corp. $ 37,026,000 Oil & Gas Drilling - 1.6 % 360,500 ENSCO International, Inc. $ 14,556,990 212,600 Nabors Industries, Inc. * 13,914,670 238,800 Transocean Offshore, Inc. * 13,475,485 $ 41,947,145 Oil & Gas Equipment & Services - 0.5 % 219,800 Weatherford Intl, Inc. * $ 13,908,944 Oil & Gas Exploration & Production - 2.1 % 525,000 Devon Energy Corp. $ 29,447,250 625,000 Pioneer Natural Resources Co. 27,081,250 $ 56,528,500 Oil & Gas Refining & Marketing - 1.1 % 500,000 Ashland, Inc. $ 30,725,000 Total Energy $180,135,589 Materials - 7.8 % Aluminum - 0.7 % 622,300 Novelis, Inc. $ 17,287,494 Diversified Chemical - 1.6 % 675,000 PPG Industries, Inc. $ 43,895,250 Diversified Metals & Mining - 1.1 % 525,000 Freeport-McMoRan Copper & Gold, Inc. (Class B) $ 21,147,000 75,000 Phelps Dodge Corp. 7,983,750 $ 29,130,750 Industrial Gases - 1.6 % 737,400 Air Products & Chemicals, Inc. $ 44,067,025 Metal & Glass Containers - 1.6 % 1,150,000 Ball Corp. $ 43,642,500 Paper Products - 1.2 % 1,125,000 Meadwestvaco Corp. $ 32,872,500 Total Materials $210,895,519 Capital Goods - 4.4 % Building Products - 1.1 % 700,000 American Standard Co., Inc. $ 30,996,000 Industrial Machinery - 2.0 % 800,000 Flowserve Corp. * $ 27,088,000 245,300 ITT Industries, Inc. 26,099,920 $ 53,187,920 Trading Companies & Distributors - 1.3 % 550,000 W.W. Grainger, Inc. $ 34,276,000 Total Capital Goods $118,459,920 Commercial Services & Supplies - 4.3 % Commercial Printing - 1.7 % 1,225,000 R.R. Donnelly & Sons Co. $ 44,161,250 Diversified Commercial Services - 0.9 % 375,000 The Dun & Bradstreet Corp. * $ 23,748,751 Environmental & Facilities Services - 1.7 % 1,288,000 Republic Services, Inc. $ 46,690,000 Total Commercial Services & Supplies $114,600,001 Transportation - 1.3 % Airlines - 0.5 % 950,000 Southwest Airlines Co. $ 13,480,500 Railroads - 0.8 % 325,000 Canadian National Railway Co. $ 21,596,250 Total Transportation $ 35,076,750 Consumer Durables & Apparel - 5.1 % Apparel, Accessories & Luxury Goods - 1.0 % 618,500 Liz Claiborne, Inc. $ 25,735,785 Household Appliances - 1.2 % 400,000 Whirlpool Corp. (b) $ 31,992,000 Leisure Products - 1.6 % 2,300,000 Mattel, Inc. $ 42,895,001 Photographic Products - 1.3 % 1,350,000 Eastman Kodak Co. (b) $ 36,099,000 Total Consumer Durables & Apparel $136,721,786 Consumer Services - 1.1 % Restaurants - 0.9 % 950,000 Ruby Tuesday, Inc. (b) $ 23,769,000 Specialized Consumer Services - 0.2 % 108,580 H & R Block, Inc. $ 6,184,717 Total Consumer Services $ 29,953,717 Media - 4.6 % Advertising - 1.3 % 2,900,000 The Interpublic Group of Co., Inc. * $ 36,250,000 Broadcasting & Cable Television - 1.3 % 1,075,000 Entercom Communications Corp. * $ 34,099,001 Movies & Entertainment - 0.8 % 1,100,000 Regal Entertainment Group (b) $ 21,241,000 Publishing - 1.2 % 900,000 Tribune Co. $ 32,850,000 Total Media $124,440,001 Retailing - 7.5 % Department Stores - 1.7 % 620,000 Federated Department Stores, Inc. (b) $ 47,039,400 Internet Retail - 1.8 % 1,775,000 InterActive Corp. * (b) $ 47,392,500 Specialty Stores - 4.0 % 3,000,000 Blockbuster, Inc. (b) $ 26,010,000 2,175,000 Foot Locker, Inc. 54,375,000 800,000 Tiffany & Co. 27,224,000 $107,609,000 Total Retailing $202,040,900 Food & Drug Retailing - 5.2 % Drug Retail - 1.4 % 1,200,000 CVS Corp. $ 37,236,000 Food Retail - 2.0 % 2,150,000 Safeway, Inc. $ 52,245,001 Hypermarkets & Supercenters - 1.8 % 1,550,000 BJ'S Wholesale Club, Inc. * (b) $ 49,429,500 Total Food & Drug Retailing $138,910,501 Food, Beverage & Tobacco - 1.9 % Brewers - 0.9 % 375,000 Molson Coors Brewing Co. (Class B) * $ 23,512,500 Packaged Foods & Meats - 0.9 % 700,000 Dean Foods Co. * $ 24,990,000 Soft Drinks - 0.1 % 125,300 Cott Corp. * $ 2,906,960 Total Food, Beverage & Tobacco $ 51,409,460 Health Care Equipment & Services - 6.7 % Health Care Distributors - 0.6 % 375,000 McKesson Corp. $ 16,875,000 Health Care Equipment - 1.5 % 1,400,000 Boston Scientific Corp. * $ 40,530,001 Health Care Facilities - 2.5 % 3,334,300 Tenet Healthcare Corp. * $ 40,478,402 550,000 Triad Hospitals, Inc. * 27,318,500 $ 67,796,902 Health Care Services - 0.9 % 450,000 Laboratory Corp. of America Holdings * $ 22,801,500 Managed Health Care - 1.2 % 300,000 CIGNA Corp. $ 32,025,000 Total Health Care Equipment & Services $180,028,403 Pharmaceuticals & Biotechnology - 3.3 % Pharmaceuticals - 3.3 % 2,000,000 IVAX Corp. * $ 50,960,000 300,000 Mylan Laboratories, Inc. 5,208,000 550,000 Par Pharmaceutical Co., Inc. * 12,881,000 1,250,000 Perrigo Co. 17,375,000 77,400 Shire Pharmaceuticals Group Plc (A.D.R.) 2,709,071 $ 89,133,071 Total Pharmaceuticals & Biotechnology $ 89,133,071 Banks - 7.5 % Regional Banks - 4.4 % 335,000 City National Corp. $ 24,478,450 875,000 KeyCorp 29,960,000 575,000 Marshall & Ilsley Corp. 26,404,000 525,000 North Fork Bancorporation, Inc. 14,379,750 335,000 Zions Bancorporation 23,945,800 $119,168,000 Thrifts & Mortgage Finance - 3.1 % 1,400,000 Hudson City Bancorp, Inc. * $ 16,562,000 625,000 Sovereign Bancorp, Inc. 14,993,751 1,250,000 The PMI Group, Inc. 51,187,500 $ 82,743,251 Total Banks $201,911,251 Diversified Financials - 6.6 % Asset Management & Custody Banks - 3.2 % 1,400,000 Federated Investors, Inc. $ 44,716,000 1,334,900 Mellon Bank Corp. 40,661,054 $ 85,377,054 Consumer Finance - 1.3 % 1,932,600 Providian Financial Corp. * $ 36,526,140 Investment Banking & Brokerage - 2.1 % 700,000 A.G. Edwards, Inc. $ 31,010,000 225,000 Bear Stearns Co., Inc. * 22,974,750 100,000 Investment Technology Group, Inc. * 2,562,000 $ 56,546,750 Total Diversified Financials $178,449,944 Insurance - 6.4 % Insurance Brokers - 1.0 % 825,000 Willis Group Holdings, Ltd. $ 27,357,000 Life & Health Insurance - 1.3 % 1,850,000 UNUM Corp. (b) $ 35,427,500 Multi-Line Insurance - 0.8 % 600,000 Assurant, Inc. $ 22,170,000 Property & Casualty Insurance - 2.2 % 450,000 Safeco Corp. $ 24,723,000 54,000 White Mountains Insurance Group, Ltd. 34,506,000 $ 59,229,000 Reinsurance - 1.1 % 824,200 Platinum Underwriter Holdings, Ltd. $ 28,575,014 Total Insurance $172,758,514 Software & Services - 3.2 % Data Processing & Outsourced Services - 1.5 % 2,500,000 The BISYS Group, Inc. * $ 39,325,000 IT Consulting & Other Services - 0.5 % 2,100,000 Unisys Corp. * $ 13,587,000 Systems Software - 1.2 % 1,521,086 Symantec Corp. * $ 33,418,259 Total Software & Services $ 86,330,259 Technology, Hardware & Equipment - 4.5 % Communications Equipment - 1.6 % 600,000 Scientific-Atlanta, Inc. $ 23,100,000 2,169,700 Tellabs, Inc. * 21,089,484 $ 44,189,484 Computer Storage & Peripherals - 1.6 % 750,000 Imation Corp. $ 32,512,500 150,000 Lexmark International Group, Inc. * 9,432,820 $ 41,945,320 Electronic Equipment & Instruments - 1.3 % 3,000,000 Symbol Technologies, Inc. $ 34,920,000 Total Technology, Hardware & Equipment $121,054,804 Telecommunication Services - 2.3 % Integrated Telecommunication Services - 2.3 % 1,050,000 Century Telephone Enterprises, Inc. $ 36,088,500 5,736,600 Cincinnati Bell, Inc. * 26,044,164 $ 62,132,664 Total Telecommunication Services $ 62,132,664 Utilities - 8.2 % Electric Utilities - 4.2 % 550,000 Edison International $ 22,484,000 350,000 Entergy Corp. 27,279,000 948,400 NSTAR 28,764,972 900,000 PG&E Corp. 33,867,000 $112,394,972 Gas Utilities - 0.5 % 450,000 Atmos Energy Corp. $ 13,122,000 Independent Power Producer & Energy Traders - 2.0 % 500,000 Constellation Energy Group $ 30,105,000 650,000 NRG Energy, Inc. * 24,927,500 $ 55,032,500 Multi-Utilities - 1.5 % 3,029,400 Reliant Energy * $ 40,169,844 Total Utilities $220,719,316 TOTAL COMMON STOCKS (Cost $2,169,678,749) $2,655,162,370 TEMPORARY CASH INVESTMENTS - 3.4 % Repurchase Agreement - 3.4 % 29,800,000 UBS Warburg, Inc., 3.2%, dated 7/31/05, repurchase price of $29,800,000 plus accrued interest on 8/1/05, collateralized by $30,580,000 U.S. Treasury Bill, 3.26%, 9/29/200$ 29,800,000 TOTAL TEMPORARY CASH INVESTMENTS (Cost $29,800,000) $ 29,800,000 TOTAL INVESTMENTS IN SECURITIES - 98.8% (Cost $2,199,478,749)(a) $2,684,962,370 OTHER ASSETS AND LIABILITIES - 1.2% $ 9,018,398 TOTAL NET ASSETS - 100.0% $2,693,980,768 * Non-income producing security. (a) At July 31, 2005, the net unrealized gain on investments based on cos Aggregate gross unrealized gain for all investments in which there is an excess of value over tax cost $527,092,405 Aggregate gross unrealized loss for all investments in which there is an excess of tax cost over value (43,751,026) Net unrealized gain $483,341,379 (b) At July 31, 2005, the following securities were out on loan: Shares Security Market Value 68,195 BJ'S Wholesale Club, Inc. * $ 2,174,739 2,683,473 Blockbuster, Inc. 23,265,711 511,425 Eastman Kodak Co. 13,675,505 133,273 Federated Department Stores, Inc. 10,111,423 1,686,250 InterActive Corp. * 45,022,875 1,041,553 Regal Entertainment Group 20,112,388 902,500 Ruby Tuesday, Inc. 22,580,550 43,030 UNUM Corp. 824,025 89,740 Whirlpool Corp. 7,177,405 Total $144,944,621
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 was no significant change in the registrant's internal controls over financial reporting 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. 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 29, 2005 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 29, 2005 By (Signature and Title)* /s/ Vincent Nave Vincent Nave, Treasurer Date September 29, 2005 * Print the name and title of each signing officer under his or her signature.