Pioneer Bond Fund Vct
Data updated: 2025-03-14
C000028201 — Pioneer Bond Fund Vct. Long Total / Aggregate Bond · $128.46M AUM · 0.89% expense ratio. Holdings, fees, performance and SEC filings.
C000028201 Fund Overview
Pioneer Bond Fund Vct is a US mutual fund managed by Pioneer Variable Contracts Trust /ma/, categorised as Long Total / Aggregate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Pioneer Variable Contracts Trust /ma/
- Category: Long Total / Aggregate Bond
- Assets under management: $128.46M
- 1-year return: 2.9%
- SEC CIK: 0000930709
- SEC series ID: S000010172
- Share class ID: C000028201
C000028201 Investment Objective and Strategy
Pioneer Bond Fund Vct describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Pioneer Variable Contracts Trust /ma/.
Investment objective
The portfolio seeks current income and total return.
Principal investment strategy
"Normally, the portfolio invests at least 80% of its net assets (plus the amount of borrowings, if any, for investment purposes) in debt securities issued or guaranteed by the U.S. government, its agencies and instrumentalities, investment grade debt securities (including convertible debt) of corporate or other issuers and cash, cash equivalents and other short-term holdings. Derivative instruments that provide exposure to such securities or have similar economic characteristics may be used to satisfy the portfolio's 80% policy. The portfolio may invest a substantial portion of its assets in mortgage-related securities, including collateralized mortgage obligations and ""sub-prime"" mortgages, and asset-backed securities. The portfolio also may invest a portion of its assets in subordinated debt securities, municipal securities, preferred securities, floating-rate loans and event-linked bonds and other insurance-linked securities.
The portfolio also may enter into mortgage dollar roll transactions. The portfolio may invest up to 20% of its net assets in debt securities rated below investment grade or, if unrated, of equivalent credit quality as determined by the adviser (known as ""junk bonds""), including securities that are in default. The portfolio may invest up to 15% of its total assets in securities of non-U.S. issuers, including up to 5% of its total assets in securities of emerging market issuers. The portfolio may invest in securities with a broad range of maturities, and maintains an average portfolio maturity which varies based upon the judgment of the portfolio's investment adviser. The portfolio's investments may have fixed or variable principal payments and all types of interest rate payment and reset terms, including fixed rate, floating rate, inverse floating rate, zero coupon, when-issued, delayed delivery, to be announced and forward commitment, contingent, deferred and payment in kind and auction rate features.
The portfolio's investments may include instruments that allow for balloon payments or negative amortization payments. The portfolio may, but is not required to, use derivatives, such as credit default swaps. The portfolio may use derivatives for a variety of purposes, including: in an attempt to hedge against adverse changes in the market price of securities, interest rates or currency exchange rates; as a substitute for purchasing or selling securities; to attempt to increase the portfolio's return as a non-hedging strategy that may be considered speculative; to manage portfolio characteristics; and as a cash flow management technique. The portfolio may choose not to make use of derivatives for a variety of reasons, and any use may be limited by applicable law and regulations. The portfolio may hold cash or other short-term investments.
The adviser considers both broad economic and issuer specific factors in selecting investments. In assessing the appropriate maturity, credit quality and sector weighting of the portfolio's portfolio, the adviser considers a variety of factors that are expected to influence economic activity and interest rates. The adviser selects individual securities to buy and sell based upon such factors as a security's yield, liquidity and rating, an assessment of credit quality, and sector and issuer diversification."
C000028201 Holdings
Top 10 holdings of Pioneer Bond Fund Vct by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Treasury Bill | 6.61% |
| Pioneer ILS Interval Fund | 3.00% |
| Freddie Mac | 2.46% |
| Fannie Mae | 1.07% |
| Fannie Mae | 1.03% |
| Fannie Mae or Freddie Mac | 0.98% |
| Fannie Mae | 0.91% |
| Fannie Mae or Freddie Mac | 0.90% |
| Dreyfus Government Cash Management | 0.86% |
| Fannie Mae or Freddie Mac | 0.86% |
C000028201 Portfolio Allocation
Asset-class allocation of Pioneer Bond Fund Vct by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Securitized | 56.0% |
| Fixed Income | 47.2% |
| Equity | 3.0% |
| Cash & Equivalents | 0.9% |
| Loans | 0.3% |
C000028201 Performance
Total returns for C000028201 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 2.9% |
| 3 years (annualised) | -2.1% |
| 5 years (annualised) | 0.4% |
C000028201 Risk Information
Risk metrics for C000028201, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 6.3%
C000028201 Costs and Fees
C000028201 costs about $89 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.89%
- Gross expense ratio: 0.89%
- Portfolio turnover: 26%
- Brokerage commissions: 0.53 bps of average net assets (SEC N-CEN)
C000028201 Cashflows
Over the 12 months to 2024-12, Pioneer Bond Fund Vct had net outflows of $3.35M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-12 | −$1.41M |
| 2024-11 | $1.24M |
| 2024-10 | $4.50M |
| 2024-09 | −$2.48M |
| 2024-08 | −$2.85M |
| 2024-07 | −$1.12M |
C000028201 Debt Constituents
Largest debt holdings of Pioneer Bond Fund Vct by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Treasury Bill | 6.61% |
| US Treasury N/b | 0.75% |
| Aercap Ireland Cap/globa | 0.52% |
| Bank Of America Corp. | 0.47% |
| Fed Caisses Desjardins | 0.45% |
| Aker Bp Asa | 0.43% |
| Ing Groep NV | 0.40% |
| Liberty Mutual Insurance | 0.40% |
| Banco Santander SA | 0.40% |
| Abn Amro Bank NV | 0.39% |
C000028201 Prospectus and SEC Filings
Official Pioneer Bond Fund Vct filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-04-25
- Prospectus (485BPOS) — filed 2023-04-26
- Prospectus (485BPOS) — filed 2022-04-27
- Portfolio holdings (N-PORT) — filed 2025-02-25
- Portfolio holdings (N-PORT) — filed 2024-11-25
- Portfolio holdings (N-PORT) — filed 2024-08-23
- Annual census (N-CEN) — filed 2025-03-14
- Annual census (N-CEN) — filed 2024-03-14
Related Funds
Other Long Total / Aggregate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.