N-Q 1 nq.htm NQ

 

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 811-06106
 
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)
 
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:  October 31

Date of reporting period:  January 31, 2019

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.




ITEM 1. Schedule of Investments.

File the schedules as of the close of the reporting period as set forth in ss. 210.12-12 – 12-14 of Regulation S-X [17 CFR 210.12-12 – 12-14]. The schedules need not be audited.


     
     
   
Pioneer Mid Cap
Value Fund
     
     
     
     
     
     
     
     
   
NQ | January 31, 2019
     
     
   
Ticker Symbols:
 
Class A      PCGRX
Class C      PCCGX
Class K      PMCKX
Class R      PCMRX
Class Y      PYCGX


 
Shares
   
Value
     
UNAFFILIATED ISSUERS - 99.7%
     
COMMON STOCKS - 99.4% of Net Assets
     
Aerospace & Defense - 1.0%
 
36,627
 
Huntington Ingalls Industries, Inc.
$7,561,644
     
Total Aerospace & Defense
$7,561,644
     
Airlines - 1.4%
 
 
119,727(a)
 
United Continental Holdings, Inc.
$10,448,575
     
Total Airlines
$10,448,575
     
Auto Components - 0.9%
 
 
165,621
 
BorgWarner, Inc.
$6,773,899
     
Total Auto Components
$6,773,899
     
Banks - 6.8%
 
 
318,776
 
Cathay General Bancorp
$11,832,965
 
1,145,120
 
Huntington Bancshares, Inc.
  15,161,389
 
793,927
 
KeyCorp
  13,075,978
 
44,773(a)
 
SVB Financial Group
  10,449,123
     
Total Banks
$50,519,455
     
Building Products - 1.3%
 
 
283,853
 
Masco Corp.
$9,199,676
     
Total Building Products
$9,199,676
     
Capital Markets - 1.9%
 
 
159,375
 
Nasdaq, Inc.
$14,031,375
     
Total Capital Markets
$14,031,375
     
Chemicals - 4.0%
 
 
131,511
 
Celanese Corp.
$12,593,493
 
520,489
 
Mosaic Co.
  16,801,385
     
Total Chemicals
$29,394,878
     
Communications Equipment - 2.2%
 
75,157
 
Motorola Solutions, Inc.
$8,786,605
 
1,191,438
 
Nokia OYJ (A.D.R.)
  7,565,631
     
Total Communications Equipment
$16,352,236
     
Consumer Finance - 2.5%
 
272,097
 
Discover Financial Services
$18,363,826
     
Total Consumer Finance
$18,363,826
     
Containers & Packaging - 2.3%
 
231,863
 
Ball Corp.
$12,121,798
 
116,105
 
International Paper Co.
  5,506,860
     
Total Containers & Packaging
$17,628,658
     
Electric Utilities - 2.5%
 
 
205,896
 
Entergy Corp.
$18,363,864
     
Total Electric Utilities
$18,363,864
     
Electronic Equipment, Instruments & Components - 1.7%
 
156,657
 
CDW Corp.
$13,044,828
     
Total Electronic Equipment, Instruments & Components
$13,044,828
     
Energy Equipment & Services - 1.7%
 
431,968
 
National Oilwell Varco, Inc.
$12,734,417
     
Total Energy Equipment & Services
$12,734,417
     
Entertainment - 1.1%
 
 
86,921(a)
 
Electronic Arts, Inc.
$8,017,593
     
Total Entertainment
$8,017,593
     
Equity Real Estate Investment Trusts (REITs) - 10.6%
 
110,320
 
Digital Realty Trust, Inc.
$11,952,069
 
462,232
 
Duke Realty Corp.
  13,515,664
 
84,255
 
Extra Space Storage, Inc.
  8,308,386
 
416,979
 
Gaming & Leisure Properties, Inc.
  15,636,712
 
461,345
 
Park Hotels & Resorts, Inc.
  13,872,644
 
64,728
 
Sun Communities, Inc.
  7,114,254
 
378,873
 
VICI Properties, Inc.
  8,157,136
     
Total Equity Real Estate Investment Trusts (REITs)
$78,556,865
     
Food & Staples Retailing - 0.9%
 
233,480
 
Kroger Co.
$6,614,488
     
Total Food & Staples Retailing
$6,614,488
     
Health Care Equipment & Supplies - 2.2%
 
364,320(a)
 
Hologic, Inc.
$16,175,808
     
Total Health Care Equipment & Supplies
$16,175,808
     
Health Care Providers & Services - 6.3%
 
118,151(a)
 
Centene Corp.
$15,426,976
 
93,576(a)
 
Laboratory Corp. of America Holdings
  13,039,816
 
138,182
 
Universal Health Services, Inc.
  18,313,260
     
Total Health Care Providers & Services
$46,780,052
     
Hotels, Restaurants & Leisure - 2.7%
 
101,984
 
Dunkin' Brands Group, Inc.
$6,974,686
 
254,570(a)
 
Norwegian Cruise Line Holdings, Ltd.
  13,092,535
     
Total Hotels, Restaurants & Leisure
$20,067,221
     
Household Durables - 1.7%
 
458,777
 
PulteGroup, Inc.
$12,758,588
     
Total Household Durables
$12,758,588
 
Shares
   
Value
     
Insurance - 7.8%
 
 
38,771
 
American Financial Group, Inc.
$3,698,366
 
168,494
 
Assured Guaranty, Ltd.
6,834,116
 
130,267
 
Brown & Brown, Inc.
  3,538,052
 
112,377
 
First American Financial Corp.
  5,627,840
 
247,001
 
Lincoln National Corp.
  14,447,089
 
484,018
 
Old Republic International Corp.
  9,752,963
 
394,970
 
Unum Group
  13,729,157
     
Total Insurance
$57,627,583
     
IT Services - 3.6%
 
 
202,510
 
Booz Allen Hamilton Holding Corp.
$9,949,316
 
209,203
 
DXC Technology Co.
  13,414,097
 
31,737(a)
 
Euronet Worldwide, Inc.
  3,650,072
     
Total IT Services
$27,013,485
     
Leisure Products - 1.2%
 
 
170,775
 
Brunswick Corp.
$8,593,398
     
Total Leisure Products
$8,593,398
     
Life Sciences Tools & Services - 0.5%
 
50,301
 
Agilent Technologies, Inc.
$3,825,391
     
Total Life Sciences Tools & Services
$3,825,391
     
Machinery - 6.5%
 
 
187,793
 
Ingersoll-Rand Plc
$18,786,812
 
84,751
 
PACCAR, Inc.
  5,552,886
 
103,365
 
Stanley Black & Decker, Inc.
  13,069,470
 
249,568
 
Timken Co.
  10,629,101
     
Total Machinery
$48,038,269
     
Multiline Retail - 3.3%
 
 
141,701
 
Dollar General Corp.
$16,356,546
 
119,432
 
Kohl's Corp.
  8,203,784
     
Total Multiline Retail
$24,560,330
     
Multi-Utilities - 2.4%
 
 
328,014
 
Public Service Enterprise Group, Inc.
$17,893,164
     
Total Multi-Utilities
$17,893,164
     
Oil, Gas & Consumable Fuels - 4.9%
 
921,055
 
Marathon Oil Corp.
$14,543,458
 
496,770
 
Murphy Oil Corp.
  13,586,660
 
213,739
 
PBF Energy, Inc.
  7,827,122
     
Total Oil, Gas & Consumable Fuels
$35,957,240
     
Pharmaceuticals - 1.3%
 
 
76,018(a)
 
Jazz Pharmaceuticals Plc
$9,569,906
     
Total Pharmaceuticals
$9,569,906
     
Road & Rail - 1.6%
 
 
110,937
 
Kansas City Southern
$11,731,588
     
Total Road & Rail
$11,731,588
     
Semiconductors & Semiconductor Equipment - 4.7%
 
51,976
 
Lam Research Corp.
$8,814,090
 
719,372
 
Marvell Technology Group, Ltd.
  13,329,963
 
639,367(a)
 
ON Semiconductor Corp.
  12,812,915
     
Total Semiconductors & Semiconductor Equipment
$34,956,968
     
Specialty Retail - 3.3%
 
 
197,111
 
Aaron's, Inc.
$9,867,377
 
231,125
 
Dick's Sporting Goods, Inc.
  8,161,024
 
16,575(a)
 
O'Reilly Automotive, Inc.
  5,712,739
     
Total Specialty Retail
$23,741,140
     
Thrifts & Mortgage Finance - 1.1%
 
398,430
 
Radian Group, Inc.
$7,665,793
     
Total Thrifts & Mortgage Finance
$7,665,793
     
Trading Companies & Distributors - 1.5%
 
88,706(a)
 
United Rentals, Inc.
$11,111,314
     
Total Trading Companies & Distributors
$11,111,314
     
TOTAL COMMON STOCKS
     
(Cost $687,239,386)
$735,673,515
 
Principal
   
 
 
Amount
     
 
USD ($)
   
Value
     
U.S. GOVERNMENT AND AGENCY OBLIGATION - 0.3% of Net Assets
 
1,750,000(b)
 
U.S. Treasury Bills, 2/5/19
$1,749,562
     
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATION
     
(Cost $1,749,543)
$1,749,562
     
TOTAL INVESTMENTS IN UNAFFILIATED ISSUERS - 99.7%
     
(Cost $688,988,929)
$737,423,077
     
OTHER ASSETS AND LIABILITIES - 0.3%  
$2,414,937
     
NET ASSETS - 100.0%
$739,838,014
 
(A.D.R.)
 
American Depositary Receipts.
REIT
 
Real Estate Investment Trust.
(a)
 
Non-income producing security.
(b)
 
Security issued with a zero coupon. Income is recognized through accretion of discount.
 
Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in the three broad levels 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 risks, 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 January 31, 2019, in valuing the Fund's investments.
 
   
   
Level 1
   
Level 2
   
Level 3
   
Total
 
Common Stocks
 
$
735,673,515
   
$
   
$
   
$
735,673,515
 
U.S. Government and Agency Obligations
   
     
1,749,562
     
     
1,749,562
 
Total Investments in Securities
 
$
735,673,515
   
$
1,749,562
   
$
   
$
737,423,077
 

During the three months ended January 31, 2019, 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.

File as exhibits as part of this Form 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)), exactly as set forth below:

 
CERTIFICATIONS
 
I, [identify the certifying individual], certify that:

1. I have reviewed this report on Form N-Q of [identify registrant];
 
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 schedules of investments included in this report fairly present 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(s) 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(s) 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:
[Signature] [Title]
 
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/ Lisa M.Jones
           Lisa M.Jones, President and Chief Executive Officer
 
Date March 29, 2019 
 
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/ Lisa M. Jones
           Lisa M.Jones, President and Chief Executive Officer
 
Date March 29, 2019 

By (Signature and Title)* /s/ Mark E. Bradley
                                       Mark E. Bradley, Treasurer and Chief Accounting and Financial Officer
 
Date March 29, 2019 

* Print the name and title of each signing officer under his or her signature.