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      <invstOrSec>
        <name>HANNON ARMSTRONG SUSTAINABLE</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MEDICAL PROPERTIES TRUST INC</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ALEXANDER &amp; BALDWIN INC</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AMERICAN TOWER CORP</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CORPORATE OFFICE PROPERTIES</name>
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        <name>EQUITY LIFESTYLE PROPERTIES</name>
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        <fairValLevel>1</fairValLevel>
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        <name>INDUSTRIAL LOGISTICS PROPERT</name>
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      <invstOrSec>
        <name>SUN COMMUNITIES INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KIMCO REALTY CORP</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>LIFE STORAGE INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>VICI PROPERTIES INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>VORNADO REALTY TRUST</name>
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        <name>SL GREEN REALTY CORP</name>
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        <name>SUMMIT HOTEL PROPERTIES INC</name>
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        <name>FEDERAL REALTY INVS TRUST</name>
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        <name>PARK HOTELS &amp; RESORTS INC</name>
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        <name>INDEPENDENCE REALTY TRUST IN</name>
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        <name>EASTGROUP PROPERTIES INC</name>
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        <name>NATIONAL STORAGE AFFILIATES</name>
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        <name>REXFORD INDUSTRIAL REALTY IN</name>
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      <invstOrSec>
        <name>PROLOGIS INC</name>
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      <invstOrSec>
        <name>HOST HOTELS &amp; RESORTS INC</name>
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      <invstOrSec>
        <name>EPR PROPERTIES</name>
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        <name>TERRENO REALTY CORP</name>
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      <invstOrSec>
        <name>COMMUNITY HEALTHCARE TRUST I</name>
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      <invstOrSec>
        <name>SIMON PROPERTY GROUP INC</name>
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        <name>QTS REALTY TRUST INC-CL A</name>
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      <invstOrSec>
        <name>CORESITE REALTY CORP</name>
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        <name>SABRA HEALTH CARE REIT INC</name>
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        <name>BRANDYWINE REALTY TRUST</name>
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        <name>MGM GROWTH PROPERTIES LLC-A</name>
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        <name>WP CAREY INC</name>
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        <name>ALEXANDRIA REAL ESTATE EQUIT</name>
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        <name>LEXINGTON REALTY TRUST REIT</name>
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        <name>RETAIL OPPORTUNITY INVESTMEN</name>
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        <name>KILROY REALTY CORP</name>
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        <name>BRIXMOR PROPERTY GROUP INC</name>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LTC PROPERTIES INC</name>
        <lei>549300NRZP8IJG2KY677</lei>
        <title>LTC PROPERTIES INC 0.00000000</title>
        <cusip>502175102</cusip>
        <identifiers>
          <isin value="US5021751020"/>
        </identifiers>
        <balance>3145.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>118472.15000000</valUSD>
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        <assetCat>RE</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>GLOBAL NET LEASE INC</name>
        <lei>N/A</lei>
        <title>GLOBAL NET LEASE INC 0.00000000</title>
        <cusip>379378201</cusip>
        <identifiers>
          <isin value="US3793782018"/>
        </identifiers>
        <balance>6228.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>104194.44000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GLOBAL MEDICAL REIT INC</name>
        <lei>549300HFRIPQDYU3GU60</lei>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>WELLTOWER INC</name>
        <lei>T6IZ0MBEG5ACZDTR7D06</lei>
        <title>WELLTOWER INC 0.00000000</title>
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          <isin value="US95040Q1040"/>
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        <balance>4965.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>256938.75000000</valUSD>
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        <assetCat>RE</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>
      <invstOrSec>
        <name>LAMAR ADVERTISING CO-A</name>
        <lei>529900Y8WW4MKVPTB543</lei>
        <title>LAMAR ADVERTISING CO-A 0.00000000</title>
        <cusip>512816109</cusip>
        <identifiers>
          <isin value="US5128161099"/>
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        <balance>2792.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>186393.92000000</valUSD>
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        <assetCat>RE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AMERICOLD REALTY TRUST</name>
        <lei>549300R7N1V5YV8MWH02</lei>
        <title>AMERICOLD REALTY TRUST 0.00000000</title>
        <cusip>03064D108</cusip>
        <identifiers>
          <isin value="US03064D1081"/>
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        <balance>6090.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>221067.00000000</valUSD>
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        <assetCat>RE</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>INNOVATIVE INDUSTRIAL PROPER</name>
        <lei>5493008BQ0545EZXRR30</lei>
        <title>INNOVATIVE INDUSTRIAL PROPER 0.00000000</title>
        <cusip>45781V101</cusip>
        <identifiers>
          <isin value="US45781V1017"/>
        </identifiers>
        <balance>2720.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>239414.40000000</valUSD>
        <pctVal>1.161262557598</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2020-07-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Pioneer Variable Contracts Trust /MA/</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>
</edgarSubmission>
