Pioneer Mid Cap Value Vct Portfolio
Data updated: 2025-03-14
C000028222 — Pioneer Mid Cap Value Vct Portfolio. United States Mid Cap Value Equity · $107.11M AUM. Holdings, fees, performance and SEC filings.
C000028222 Fund Overview
Pioneer Mid Cap Value Vct Portfolio is a US mutual fund managed by Pioneer Variable Contracts Trust /ma/, categorised as United States Mid Cap Value Equity. 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: United States Mid Cap Value Equity
- Assets under management: $107.11M
- 1-year return: 10.7%
- SEC CIK: 0000930709
- SEC series ID: S000010186
- Share class ID: C000028222
C000028222 Investment Objective and Strategy
Pioneer Mid Cap Value 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
Capital appreciation by investing in a diversified portfolio of securities consisting primarily of common stocks.
Principal investment strategy
"Normally, the portfolio invests at least 80% of its total assets in equity securities of mid-size companies. Mid-size companies are those with market values, at the time of investment, that do not exceed the greater of the market capitalization of the largest company within the Russell Midcap Value Index ($36.68 billion as of December 31, 2017) or the 3-year rolling average of the market capitalization of the largest company within the Russell Midcap Value Index ($33.38 billion as of December 31, 2017), as measured at the end of the preceding month, and are not less than the smallest company within the index. The Russell Midcap Value Index measures the performance of U.S. mid-cap value stocks. The size of the companies in the index changes constantly with market conditions and the composition of the index.
The equity securities in which the portfolio principally invests are common stocks, preferred stocks and depositary receipts, but the portfolio may invest in other types of equity securities to a lesser extent, such as funds that invest primarily in equity securities, equity interests in real estate investment trusts (REITs), warrants and rights. The portfolio may invest in initial public offerings of equity securities. The portfolio may invest up to 25% of its total assets in securities of non-U.S. issuers. The portfolio will not invest more than 5% of its total assets in the securities of emerging markets issuers. The portfolio may invest up to 20% of its net assets in REITs. The portfolio may invest up to 20% of its total assets in debt securities. The portfolio may invest up to 5% of its net assets in below investment grade debt securities (known as ""junk bonds""), including below investment grade convertible debt securities.
The portfolio may, but is not required to, use derivatives, such as stock index futures and options. 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 also hold cash or other short-term investments. The portfolio uses a ""value"" style of management. The adviser seeks to identify securities that are selling at reasonable prices or at substantial discounts to their underlying values and then holds these securities 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, employing a bottom-up analytic style, which focuses on specific securities rather than on industries. The adviser focuses on the quality and price of individual issuers and securities. The adviser generally sells a portfolio security when it believes that the security's market value reflects its underlying value."
C000028222 Holdings
Top 10 holdings of Pioneer Mid Cap Value Vct Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| State Street Corp | 4.14% |
| Raymond James Financial Inc | 3.69% |
| Coterra Energy Inc | 3.21% |
| Regions Financial Corp | 2.75% |
| eBay Inc | 2.75% |
| M&T Bank Corp | 2.64% |
| American International Group I | 2.63% |
| Zimmer Biomet Holdings Inc | 2.53% |
| Northern Trust Corp | 2.32% |
| Truist Financial Corp | 2.31% |
C000028222 Portfolio Allocation
Asset-class allocation of Pioneer Mid Cap Value Vct Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.6% |
| Cash & Equivalents | 0.4% |
C000028222 Performance
Total returns for C000028222 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 10.7% |
| 3 years (annualised) | 5.3% |
| 5 years (annualised) | 9.0% |
C000028222 Risk Information
Risk metrics for C000028222, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 15.7%
C000028222 Costs and Fees
C000028222 costs about $105 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.05%
- Gross expense ratio: 1.05%
- Portfolio turnover: 48%
- Brokerage commissions: 3.35 bps of average net assets (SEC N-CEN)
C000028222 Cashflows
Over the 12 months to 2024-12, Pioneer Mid Cap Value Vct Portfolio had net outflows of $4.53M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-12 | −$241.04K |
| 2024-11 | −$2.26M |
| 2024-10 | −$1.63M |
| 2024-09 | −$1.12M |
| 2024-08 | −$2.83M |
| 2024-07 | −$840.42K |
C000028222 Debt Constituents
No individual debt constituents are reported in Pioneer Mid Cap Value Vct Portfolio's latest SEC N-PORT filing.
C000028222 Prospectus and SEC Filings
Official Pioneer Mid Cap Value 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 United States Mid Cap Value Equity 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.