NPORT-EX 1 VCT.SelectMidCapGrowth.htm SOI
 
PIONEER VARIABLE CONTRACTS TRUST

Pioneer Select Mid Cap Growth VCT Portfolio — Class I Shares


















Schedule of Investments
March 31, 2019
Schedule of Investments | 3/31/19 (unaudited)


 
Shares
    
Value
     
UNAFFILIATED ISSUERS - 99.7%
  
     
COMMON STOCKS - 99.5% of Net Assets
     
Aerospace & Defense - 1.1%
  
 
8,498
  
Harris Corp.
$1,357,216
     
Total Aerospace & Defense
$1,357,216
     
Air Freight & Logistics - 0.4%
  
 
10,298(a)
  
XPO Logistics, Inc.
$553,415
     
Total Air Freight & Logistics
$553,415
     
Auto Components - 0.7%
  
 
11,815
  
Aptiv Plc
$939,174
     
Total Auto Components
$939,174
     
Banks - 0.8%
  
 
4,368(a)
  
SVB Financial Group
$971,268
     
Total Banks
$971,268
     
Beverages - 0.6%
  
 
4,301
  
Constellation Brands, Inc.
$754,094
     
Total Beverages
$754,094
     
Biotechnology – 5.0%
  
 
10,044(a)
  
Agios Pharmaceuticals, Inc.
$677,367
 
6,939(a)
  
Alnylam Pharmaceuticals, Inc.
   648,450
 
16,289(a)
  
Esperion Therapeutics, Inc.
   654,003
 
16,192(a)
  
Exact Sciences Corp.
 1,402,551
 
14,698(a)
  
FibroGen, Inc.
   798,836
 
7,289(a)
  
Sage Therapeutics, Inc.
 1,159,315
 
8,187(a)
  
Sarepta Therapeutics, Inc.
   975,809
     
Total Biotechnology
$6,316,331
     
Building Products - 2.3%
  
 
15,291
  
Fortune Brands Home & Security, Inc.
$728,005
 
18,994
  
Owens Corning
   894,997
 
20,145(a)
  
Trex Co., Inc.
 1,239,320
     
Total Building Products
$2,862,322
     
Capital Markets - 2.6%
  
 
9,007
  
MSCI, Inc.
$1,790,952
 
7,170
  
Nasdaq, Inc.
   627,303
 
4,314
  
S&P Global, Inc.
   908,313
     
Total Capital Markets
$3,326,568
     
Chemicals - 0.5%
  
 
15,643
  
CF Industries Holdings, Inc.
$639,486
     
Total Chemicals
$639,486
     
Commercial Services & Supplies - 1.2%
  
 
17,106
  
Waste Connections, Inc.
$1,515,421
     
Total Commercial Services & Supplies
$1,515,421
     
Construction Materials – 0.9%
  
 
9,961
  
Vulcan Materials Co.
$1,179,382
     
Total Construction Materials
$1,179,382
     
Containers & Packaging - 1.7%
  
 
8,176
  
Avery Dennison Corp.
$923,888
 
16,824(a)
  
Berry Global Group, Inc.
   906,309
 
3,845
  
Packaging Corp. of America
   382,116
     
Total Containers & Packaging
$2,212,313
     
Diversified Consumer Services - 1.5%
  
 
8,806(a)
  
Grand Canyon Education, Inc.
$1,008,375
 
19,856(a)
  
ServiceMaster Global Holdings, Inc.
   927,275
     
Total Diversified Consumer Services
$1,935,650
     
Diversified Financial Services - 0.5%
  
 
46,184(a)
  
Churchill Capital Corp.
$620,713
     
Total Diversified Financial Services
$620,713
     
Diversified Telecommunication Services - 0.4%
  
 
16,217(a)
  
Zayo Group Holdings, Inc.
$460,887
     
Total Diversified Telecommunication Services
$460,887
     
Electrical Equipment - 0.4%
  
 
16,903(a)
  
TPI Composites, Inc.
$483,764
     
Total Electrical Equipment
$483,764
     
Electronic Equipment, Instruments & Components - 2.1%
  
 
17,468
  
CDW Corp.
$1,683,391
 
4,823(a)
  
Zebra Technologies Corp.
 1,010,563
     
Total Electronic Equipment, Instruments & Components
$2,693,954
     
Energy Equipment & Services - 1.3%
  
 
44,980(a)
  
Cactus, Inc.
$1,601,288
     
Total Energy Equipment & Services
$1,601,288
     
Entertainment - 2.1%
  
 
42,523(a)
  
Live Nation Entertainment, Inc.
$2,701,912
     
Total Entertainment
$2,701,912
     
Equity Real Estate Investment Trusts (REITs) - 2.0%
  
 
15,420
  
CubeSmart
$494,057
 
19,793
  
Liberty Property Trust
   958,377
 
Shares
    
Value
     
Equity Real Estate Investment Trusts (REITs) - (continued)
  
 
5,198(a)
  
SBA Communications Corp.
$1,037,833
     
Total Equity Real Estate Investment Trusts (REITs)
$2,490,267
     
Food Products - 1.0%
  
 
64,733(a)
  
Nomad Foods, Ltd.
$1,323,790
     
Total Food Products
$1,323,790
     
Health Care Equipment & Supplies - 3.9%
  
 
3,158(a)
  
ABIOMED, Inc.
$901,893
 
5,657(a)
  
Align Technology, Inc.
 1,608,455
 
21,382(a)
  
Boston Scientific Corp.
   820,641
 
6,806(a)
  
DexCom, Inc.
   810,595
 
4,953(a)
  
Penumbra, Inc.
   728,141
     
Total Health Care Equipment & Supplies
$4,869,725
     
Health Care Providers & Services - 3.4%
  
 
6,871(a)
  
Amedisys, Inc.
$846,919
 
23,152(a)
  
Centene Corp.
 1,229,371
 
2,289
  
Humana, Inc.
   608,874
 
2,260(a)
  
Molina Healthcare, Inc.
   320,830
 
4,741(a)
  
WellCare Health Plans, Inc.
 1,278,885
     
Total Health Care Providers & Services
$4,284,879
     
Health Care Technology – 2.0%
  
 
15,073(a)
  
Teladoc Health, Inc.
$838,059
 
13,518(a)
  
Veeva Systems, Inc.
 1,714,893
     
Total Health Care Technology
$2,552,952
     
Hotels, Restaurants & Leisure - 5.1%
  
 
19,412
  
Aramark
$573,625
 
16,805
  
Brinker International, Inc.
   745,806
 
1,329(a)
  
Chipotle Mexican Grill, Inc.
   944,002
 
9,810
  
Dave & Buster's Entertainment, Inc.
   489,224
 
8,812
  
Hilton Worldwide Holdings, Inc.
   732,365
 
12,887(a)
  
Planet Fitness, Inc.
   885,595
 
6,754
  
Six Flags Entertainment Corp.
   333,310
 
46,200
  
Wendy's Co.
   826,518
 
19,925
  
Yum China Holdings, Inc.
   894,832
     
Total Hotels, Restaurants & Leisure
$6,425,277
     
Industrial Conglomerates - 1.1%
  
 
3,907
  
Roper Technologies, Inc.
$1,336,077
     
Total Industrial Conglomerates
$1,336,077
     
Insurance - 0.5%
  
 
16,049
  
Fidelity National Financial, Inc.
$586,591
     
Total Insurance
$586,591
     
Interactive Media & Services - 2.5%
  
 
10,839(a)
  
IAC/InterActiveCorp
$2,277,382
 
25,457(a)
  
Twitter, Inc.
   837,026
     
Total Interactive Media & Services
$3,114,408
     
Internet & Direct Marketing Retail - 1.6%
  
 
7,742
  
Expedia Group, Inc.
$921,298
 
15,429(a)
  
GrubHub, Inc.
 1,071,853
     
Total Internet & Direct Marketing Retail
$1,993,151
     
IT Services - 10.5%
  
 
7,425
  
DXC Technology Co.
$477,502
 
6,790(a)
  
EPAM Systems, Inc.
 1,148,393
 
4,883(a)
  
Euronet Worldwide, Inc.
   696,267
 
15,139
  
Fidelity National Information Services, Inc.
 1,712,221
 
56,083(a)
  
First Data Corp.
 1,473,300
 
7,411(a)
  
FleetCor Technologies, Inc.
 1,827,478
 
4,327(a)
  
Gartner, Inc.
   656,319
 
13,306
  
Perspecta, Inc.
   269,047
 
20,670
  
Total System Services, Inc.
 1,963,857
 
6,576(a)
  
WEX, Inc.
 1,262,526
 
16,394(a)
  
Worldpay, Inc.
 1,860,719
     
Total IT Services
$13,347,629
     
Machinery - 5.0%
  
 
19,982
  
Albany International Corp.
$1,430,511
 
76,661(a)
  
ATS Automation Tooling Systems, Inc.
 1,127,300
 
18,694
  
Fortive Corp.
 1,568,240
 
31,813(a)
  
Gardner Denver Holdings, Inc.
   884,720
 
9,703
  
Stanley Black & Decker, Inc.
 1,321,257
     
Total Machinery
$6,332,028
     
Media - 0.8%
  
 
8,644
  
Nexstar Media Group, Inc.
$936,750
     
Total Media
$936,750
     
Multiline Retail - 1.8%
  
 
22,217(a)
  
Dollar Tree, Inc.
$2,333,673
     
Total Multiline Retail
$2,333,673
     
Oil, Gas & Consumable Fuels - 0.3%
  
 
14,483
  
Cabot Oil & Gas Corp.
$378,006
     
Total Oil, Gas & Consumable Fuels
$378,006
 
Shares
    
Value
     
Pharmaceuticals - 0.6%
  
 
9,448(a)
  
Reata Pharmaceuticals, Inc.
$807,521
     
Total Pharmaceuticals
$807,521
     
Professional Services - 3.9%
  
 
1,732(a)
  
CoStar Group, Inc.
$807,840
 
34,050
  
Thomson Reuters Corp.
2,015,760
 
26,338(a)
  
Upwork, Inc.
   504,109
 
12,328
  
Verisk Analytics, Inc.
 1,639,624
     
Total Professional Services
$4,967,333
     
Road & Rail - 0.4%
  
 
7,192(a)
  
Lyft, Inc.
$563,062
     
Total Road & Rail
$563,062
     
Semiconductors & Semiconductor Equipment - 6.6%
  
 
55,643(a)
  
Advanced Micro Devices, Inc.
$1,420,009
 
48,936
  
Cypress Semiconductor Corp.
   730,125
 
36,093(a)
  
Micron Technology, Inc.
 1,491,724
 
11,324
  
MKS Instruments, Inc.
 1,053,698
 
35,887(a)
  
ON Semiconductor Corp.
   738,196
 
43,846
  
STMicroelectronics NV
   651,113
 
18,120
  
Xilinx, Inc.
 2,297,435
     
Total Semiconductors & Semiconductor Equipment
$8,382,300
     
Software - 12.6%
  
 
6,837(a)
  
Atlassian Corp. Plc
$768,411
 
4,578
  
Blackbaud, Inc.
   365,004
 
6,808
  
Intuit, Inc.
 1,779,679
 
4,568(a)
  
Palo Alto Networks, Inc.
 1,109,476
 
9,280(a)
  
PTC, Inc.
   855,430
 
23,382(a)
  
RealPage, Inc.
 1,419,054
 
8,774(a)
  
ServiceNow, Inc.
 2,162,703
 
7,755(a)
  
Splunk, Inc.
   966,273
 
32,395
  
SS&C Technologies Holdings, Inc.
 2,063,238
 
12,669(a)
  
Synopsys, Inc.
 1,458,835
 
9,238(a)
  
Tableau Software, Inc.
 1,175,813
 
4,715(a)
  
Trade Desk, Inc.
   933,334
 
11,009(a)
  
Zendesk, Inc.
   935,765
     
Total Software
$15,993,015
     
Specialty Retail - 5.3%
  
 
6,330
  
Advance Auto Parts, Inc.
$1,079,455
 
8,625(a)
  
Burlington Stores, Inc.
 1,351,365
 
20,318
  
Ross Stores, Inc.
 1,891,606
 
9,519
  
Tractor Supply Co.
   930,578
 
4,099(a)
  
Ulta Beauty, Inc.
 1,429,444
     
Total Specialty Retail
$6,682,448
     
Technology Hardware, Storage & Peripherals - 1.3%
  
 
10,467
  
NetApp, Inc.
$725,782
 
41,083(a)
  
Pure Storage, Inc.
   895,198
     
Total Technology Hardware, Storage & Peripherals
$1,620,980
     
Textiles, Apparel & Luxury Goods - 0.8%
  
 
8,481
  
PVH Corp.
$1,034,258
     
Total Textiles, Apparel & Luxury Goods
$1,034,258
     
Trading Companies & Distributors - 0.4%
  
 
4,636(a)
  
United Rentals, Inc.
$529,663
     
Total Trading Companies & Distributors
$529,663
     
TOTAL COMMON STOCKS
  
     
(Cost $96,113,524)
$126,010,941
 
Principal
Amount
USD ($)
    
Value
     
U.S. GOVERNMENT AND AGENCY OBLIGATION - 0.2% of Net Assets
 
300,000(b)
  
U.S. Treasury Bills, 4/23/19
$299,562
     
TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATION
  
     
(Cost $299,561)
$299,562
     
TOTAL INVESTMENTS IN UNAFFILIATED ISSUERS - 99.7%
  
     
(Cost $96,413,085)
$126,310,503
     
OTHER ASSETS AND LIABILITIES - 0.3%  
$409,547
     
NET ASSETS - 100.0%
$126,720,050
 

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 Portfolio'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 Portfolio's own assumptions in determining fair value of investments).
 
The following is a summary of the inputs used as of March 31, 2019, in valuing the Portfolio's investments:
 
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Common Stocks
  
$
126,010,941
    
$
–
    
$
–
    
$
126,010,941
  
U.S. Government and Agency Obligation
    
–
      
299,562
      
–
      
299,562
  
Total Investments in Securities
  
$
126,010,941
    
$
299,562
    
$
–
    
$
126,310,503
  


During the three months ended March 31, 2019, there were no transfers between Levels 1, 2 and 3.