Pioneer High Yield Vct Portfolio
Data updated: 2025-03-14
C000028217 — Pioneer High Yield Vct Portfolio. Intermediate Corporate Bond · $28.87M AUM · 0.95% expense ratio. Holdings, fees, performance and SEC filings.
C000028217 Fund Overview
Pioneer High Yield Vct Portfolio is a US mutual fund managed by Pioneer Variable Contracts Trust /ma/, categorised as Intermediate Corporate 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: Intermediate Corporate Bond
- Assets under management: $28.87M
- 1-year return: 8.6%
- SEC CIK: 0000930709
- SEC series ID: S000010184
- Share class ID: C000028217
C000028217 Investment Objective and Strategy
Pioneer High Yield Vct Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Pioneer Variable Contracts Trust /ma/.
Investment objective
Maximize total return through a combination of income and capital appreciation.
Principal investment strategy
"Normally, the portfolio invests at least 80% of its total assets in below investment grade (high yield) debt securities and preferred stocks. Derivative instruments that provide exposure to such high yield debt securities and preferred stock or have similar economic characteristics may be used to satisfy the portfolio's 80% policy. Debt securities rated below investment grade are commonly referred to as ""junk bonds"" and are considered speculative. The portfolio may invest in high yield securities of any rating, including securities where the issuer is in default or bankruptcy at the time of purchase. The portfolio invests in securities with a broad range of maturities. The portfolio's investments may have fixed or variable principal payments and all types of interest rate and dividend payment and reset terms, including fixed rate, adjustable rate, floating rate, zero coupon, contingent, deferred, 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 invest in investment grade and below investment grade convertible bonds and preferred stocks that are convertible into the equity securities of the issuer. The portfolio may invest up to 20% of its net assets in inverse floating rate obligations (a type of derivative instrument). The portfolio may invest up to 20% of its net assets in common stock and other equity investments, such as funds that invest primarily in equity securities, depositary receipts, warrants, rights and equity interests in real estate investment trusts (REITs). The portfolio may invest up to 15% of its total assets in securities of non-U.S. issuers. The portfolio may invest a portion of its assets in mortgage-related securities, including ""sub-prime"" mortgages, and asset-backed securities.
The portfolio also may invest a portion of its assets in floating rate loans, subordinated debt securities, event-linked bonds and other insurance-linked securities. The portfolio may, but is not required to, use derivatives. The portfolio may use derivatives, such as credit default swaps and bond and interest rate futures, 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 portfolio's investment adviser uses a value approach to select investments to buy and sell. The adviser seeks to identify securities that are selling at reasonable prices or substantial discounts to their underlying values and then holds these securities for their incremental yields or until the market values reflect their intrinsic values. The adviser evaluates a security's potential value, including the attractiveness of its market valuation, based on the company's assets and prospects for earnings growth. In making that assessment, the adviser employs fundamental research and an evaluation of the issuer based on its financial statements and operations. The adviser also considers a security's potential to provide income."
C000028217 Holdings
Top 10 holdings of Pioneer High Yield Vct Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Dreyfus Government Cash Management | 5.15% |
| Pioneer ILS Interval Fund | 2.49% |
| Cco Hldgs Llc/cap Corp. | 2.17% |
| US Acute Care Solutions | 1.14% |
| First Quantum Minerals L | 1.11% |
| Olympus Wtr US Hldg Corp. | 1.05% |
| Teva Pharmaceuticals Ne | 1.03% |
| Trinity Industries, Inc. | 0.98% |
| Clearwater Paper Corp. | 0.98% |
| Sotheby's | 0.96% |
C000028217 Portfolio Allocation
Asset-class allocation of Pioneer High Yield Vct Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 89.6% |
| Cash & Equivalents | 5.2% |
| Equity | 3.0% |
| Loans | 1.2% |
| Derivatives | 0.2% |
C000028217 Performance
Total returns for C000028217 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 8.6% |
| 3 years (annualised) | 2.4% |
| 5 years (annualised) | 3.0% |
C000028217 Risk Information
Risk metrics for C000028217, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.9%
C000028217 Costs and Fees
C000028217 costs about $95 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.95%
- Gross expense ratio: 1.35%
- Portfolio turnover: 44%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000028217 Cashflows
Over the 12 months to 2024-12, Pioneer High Yield Vct Portfolio had net inflows of $58.48K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-12 | $356.69K |
| 2024-11 | $275.62K |
| 2024-10 | $161.26K |
| 2024-09 | $59.18K |
| 2024-08 | $148.92K |
| 2024-07 | −$358.02K |
C000028217 Debt Constituents
Largest debt holdings of Pioneer High Yield Vct Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Cco Hldgs Llc/cap Corp. | 2.17% |
| US Acute Care Solutions | 1.14% |
| First Quantum Minerals L | 1.11% |
| Olympus Wtr US Hldg Corp. | 1.05% |
| Teva Pharmaceuticals Ne | 1.03% |
| Trinity Industries, Inc. | 0.98% |
| Clearwater Paper Corp. | 0.98% |
| Sotheby's | 0.96% |
| Owens & Minor, Inc. | 0.96% |
| Lifepoint Health, Inc. | 0.96% |
C000028217 Prospectus and SEC Filings
Official Pioneer High Yield Vct Portfolio 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 Intermediate Corporate 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.