NPORT-P
    false
    
      
      
        
          0000930709
          XXXXXXXX
        
      
      
      
      
        S000010181
        C000028212
        C000028211
      
      
    
  
  
    
      PIONEER VARIABLE CONTRACTS TRUST /MA/
      811-08786
      0000930709
      549300VNR8Z3H6PB2X77
      60 State Street
      Boston
      
      02109
      617-422-4947
      Pioneer Equity Income VCT Portfolio
      S000010181
      SNPT7MC5TJJQQQ6I2O39
      2022-12-31
      2022-03-31
      N
    
    
      115989669.11
      57153.51
      115932515.60
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      N
      
        
          
          
        
        
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
        
        
        
        
      
      
      
      
      
      
    
    
      
        Norfolk Southern Corp
        54930036C8MWP850MI84
        Norfolk Southern Corp
        655844108
        
          
          
        
        4248.00000000
        NS
        USD
        1211614.56000000
        1.045103311809
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Ford Motor Co
        20S05OYHG0MQM4VUIC57
        Ford Motor Co
        345370860
        
          
          
        
        53449.00000000
        NS
        USD
        903822.59000000
        0.779610953253
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Eli Lilly & Co
        FRDRIPF3EKNDJ2CQJL29
        Eli Lilly & Co
        532457108
        
          
          
        
        7271.00000000
        NS
        USD
        2082196.27000000
        1.796041653390
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Materion Corp
        549300CJ5RI351SUYT02
        Materion Corp
        576690101
        
          
          
        
        14843.00000000
        NS
        USD
        1272638.82000000
        1.097741055141
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        American Electric Power Co Inc
        1B4S6S7G0TW5EE83BO58
        American Electric Power Co Inc
        025537101
        
          
          
        
        2984.00000000
        NS
        USD
        297713.68000000
        0.256799120125
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        CMS Energy Corp
        549300IA9XFBAGNIBW29
        CMS Energy Corp
        125896100
        
          
          
        
        11427.00000000
        NS
        USD
        799204.38000000
        0.689370342620
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Gorman-Rupp Co/The
        N/A
        Gorman-Rupp Co/The
        383082104
        
          
          
        
        55794.00000000
        NS
        USD
        2001888.72000000
        1.726770707630
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        IBM
        VGRQXHF3J8VDLUA7XE92
        International Business Machines Corp
        459200101
        
          
          
        
        5677.00000000
        NS
        USD
        738123.54000000
        0.636683795033
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        John B Sanfilippo & Son Inc
        5299007IBEYVXKYDUX28
        John B Sanfilippo & Son Inc
        800422107
        
          
          
        
        5399.00000000
        NS
        USD
        450492.56000000
        0.388581717276
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Dreyfus Government Cash Management
        5493000Q69I5Q3QZIA91
        Dreyfus Government Cash Management
        262006208
        
          
          
        
        713691.13000000
        NS
        USD
        713691.13000000
        0.615609112168
        Long
        STIV
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Digital Realty Trust Inc
        549300HKCZ31D08NEI41
        Digital Realty Trust Inc
        253868103
        
          
          
        
        3698.00000000
        NS
        USD
        524376.40000000
        0.452311758514
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        DuPont de Nemours Inc
        5493004JF0SDFLM8GD76
        DuPont de Nemours Inc
        26614N102
        
          
          
        
        7599.00000000
        NS
        USD
        559134.42000000
        0.482293010814
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        AstraZeneca PLC
        PY6ZZQWO2IZFZC3IOL08
        AstraZeneca PLC
        046353108
        
          
          
        
        13824.00000000
        NS
        USD
        917084.16000000
        0.791049995985
        Long
        EC
        CORP
        GB
        N
        
        1
        
          N
          N
          N
        
      
      
        Alexandria Real Estate Equitie
        MGCJBT4MKTQBVLNUIS88
        Alexandria Real Estate Equities Inc
        015271109
        
          
          
        
        10777.00000000
        NS
        USD
        2168871.25000000
        1.870804958190
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Baxter International Inc
        J5OIVXX3P24RJRW5CK77
        Baxter International Inc
        071813109
        
          
          
        
        11552.00000000
        NS
        USD
        895742.08000000
        0.772640941468
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Essential Utilities Inc
        549300ILTEOF3E3QY357
        Essential Utilities Inc
        29670G102
        
          
          
        
        14111.00000000
        NS
        USD
        721495.43000000
        0.622340873279
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        TJX Cos Inc/The
        V167QI9I69W364E2DY52
        TJX Cos Inc/The
        872540109
        
          
          
        
        5665.00000000
        NS
        USD
        343185.70000000
        0.296021955724
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        CMC Materials Inc
        31F6V1MN00ZW3XWB4J69
        CMC Materials Inc
        12571T100
        
          
          
        
        2935.00000000
        NS
        USD
        544149.00000000
        0.469367025449
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Reliance Steel & Aluminum Co
        549300E287ZOFT3C5Z56
        Reliance Steel & Aluminum Co
        759509102
        
          
          
        
        10571.00000000
        NS
        USD
        1938192.85000000
        1.671828511586
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Chubb Ltd
        E0JAN6VLUDI1HITHT809
        Chubb Ltd
        000000000
        
          
          
          
        
        9646.00000000
        NS
        USD
        2063279.40000000
        1.779724514146
        Long
        EC
        CORP
        CH
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Omnicom Group Inc
        HKUPACFHSSASQK8HLS17
        Omnicom Group Inc
        681919106
        
          
          
        
        11921.00000000
        NS
        USD
        1011854.48000000
        0.872796104495
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Marathon Petroleum Corp
        3BNYRYQHD39K4LCKQF12
        Marathon Petroleum Corp
        56585A102
        
          
          
        
        23809.00000000
        NS
        USD
        2035669.50000000
        1.755909021265
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Crown Castle International Cor
        54930012H97VSM0I2R19
        Crown Castle International Corp
        22822V101
        
          
          
        
        2877.00000000
        NS
        USD
        531094.20000000
        0.458106336476
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Nestle SA
        KY37LUS27QQX7BB93L28
        Nestle SA
        641069406
        
          
          
        
        6996.00000000
        NS
        USD
        910179.60000000
        0.785094324305
        Long
        EC
        CORP
        CH
        N
        
        1
        
          N
          N
          N
        
      
      
        Hewlett Packard Enterprise Co
        549300BX44RGX6ANDV88
        Hewlett Packard Enterprise Co
        42824C109
        
          
          
        
        44665.00000000
        NS
        USD
        746352.15000000
        0.643781553550
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Fidelity National Information
        6WQI0GK1PRFVBA061U48
        Fidelity National Information Services Inc
        31620M106
        
          
          
        
        4274.00000000
        NS
        USD
        429195.08000000
        0.370211133415
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Charles Schwab Corp/The
        549300VSGCJ7E698NM85
        Charles Schwab Corp/The
        808513105
        
          
          
        
        16985.00000000
        NS
        USD
        1432005.35000000
        1.235205966668
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        TE Connectivity Ltd
        894500ZRIX9K13RHXR17
        TE Connectivity Ltd
        000000000
        
          
          
          
        
        8963.00000000
        NS
        USD
        1173973.74000000
        1.012635440475
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Valero Energy Corp
        549300XTO5VR8SKV1V74
        Valero Energy Corp
        91913Y100
        
          
          
        
        14446.00000000
        NS
        USD
        1466846.84000000
        1.265259217751
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Raytheon Technologies Corp
        I07WOS4YJ0N7YRFE7309
        Raytheon Technologies Corp
        75513E101
        
          
          
        
        14120.00000000
        NS
        USD
        1398868.40000000
        1.206623001976
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        State Street Corp
        549300ZFEEJ2IP5VME73
        State Street Corp
        857477103
        
          
          
        
        10494.00000000
        NS
        USD
        914237.28000000
        0.788594360493
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        MSA Safety Inc
        529900DVA3258XK11O39
        MSA Safety Inc
        553498106
        
          
          
        
        6075.00000000
        NS
        USD
        806152.50000000
        0.695363587883
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Bank of New York Mellon Corp/T
        WFLLPEPC7FZXENRZV188
        Bank of New York Mellon Corp/The
        064058100
        
          
          
        
        14405.00000000
        NS
        USD
        714920.15000000
        0.616669228904
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Interpublic Group of Cos Inc/T
        5493008IUOJ5VWTRC333
        Interpublic Group of Cos Inc/The
        460690100
        
          
          
        
        29545.00000000
        NS
        USD
        1047370.25000000
        0.903430969801
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Nucor Corp
        549300GGJCRSI2TIEJ46
        Nucor Corp
        670346105
        
          
          
        
        12323.00000000
        NS
        USD
        1831813.95000000
        1.580069181212
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        CH Robinson Worldwide Inc
        529900WNWN5L0OVDHA79
        CH Robinson Worldwide Inc
        12541W209
        
          
          
        
        7413.00000000
        NS
        USD
        798454.23000000
        0.688723285152
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        KLA Corp
        549300H0BF5JCG96TJ81
        KLA Corp
        482480100
        
          
          
        
        3921.00000000
        NS
        USD
        1435321.26000000
        1.238066173731
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Corteva Inc
        549300WZN9I2QKLS0O94
        Corteva Inc
        22052L104
        
          
          
        
        7801.00000000
        NS
        USD
        448401.48000000
        0.386778012776
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        VF Corp
        CWAJJ9DJ5Z7P057HV541
        VF Corp
        918204108
        
          
          
        
        8493.00000000
        NS
        USD
        482911.98000000
        0.416545761558
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Pfizer Inc
        765LHXWGK1KXCLTFYQ30
        Pfizer Inc
        717081103
        
          
          
        
        38013.00000000
        NS
        USD
        1967933.01000000
        1.697481504490
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Organon & Co
        549300AMCKY57OK2CO56
        Organon & Co
        68622V106
        
          
          
        
        11205.00000000
        NS
        USD
        391390.65000000
        0.337602136876
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Paychex Inc
        529900K900DW6SUBM174
        Paychex Inc
        704326107
        
          
          
        
        7018.00000000
        NS
        USD
        957746.46000000
        0.826124107670
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Stanley Black & Decker Inc
        549300DJ09SMTO561131
        Stanley Black & Decker Inc
        854502101
        
          
          
        
        3393.00000000
        NS
        USD
        474307.47000000
        0.409123762686
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Bank of America Corp
        9DJT3UXIJIZJI4WXO774
        Bank of America Corp
        060505104
        
          
          
        
        49873.00000000
        NS
        USD
        2055765.06000000
        1.773242864058
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        McCormick & Co Inc/MD
        549300JQQA6MQ4OJP259
        McCormick & Co Inc/MD
        579780206
        
          
          
        
        14405.00000000
        NS
        USD
        1437619.00000000
        1.240048137107
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Novo Nordisk A/S
        549300DAQ1CVT6CXN342
        Novo Nordisk A/S
        670100205
        
          
          
        
        15575.00000000
        NS
        USD
        1729603.75000000
        1.491905649634
        Long
        EC
        CORP
        DK
        N
        
        1
        
          N
          N
          N
        
      
      
        CVS Health Corp
        549300EJG376EN5NQE29
        CVS Health Corp
        126650100
        
          
          
        
        11635.00000000
        NS
        USD
        1177578.35000000
        1.015744671721
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        QUALCOMM Inc
        H1J8DDZKZP6H7RWC0H53
        QUALCOMM Inc
        747525103
        
          
          
        
        4494.00000000
        NS
        USD
        686773.08000000
        0.592390388878
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Cognizant Technology Solutions
        5493006IEVQEFQO40L83
        Cognizant Technology Solutions Corp
        192446102
        
          
          
        
        8077.00000000
        NS
        USD
        724264.59000000
        0.624729469770
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Automatic Data Processing Inc
        HGBOLILQXWER4SAL2I23
        Automatic Data Processing Inc
        053015103
        
          
          
        
        3463.00000000
        NS
        USD
        787971.02000000
        0.679680774562
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Accenture PLC
        N/A
        Accenture PLC
        000000000
        
          
          
          
        
        2313.00000000
        NS
        USD
        780012.99000000
        0.672816410446
        Long
        EC
        CORP
        IE
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Gilead Sciences Inc
        549300WTZWR07K8MNV44
        Gilead Sciences Inc
        375558103
        
          
          
        
        4286.00000000
        NS
        USD
        254802.70000000
        0.219785362787
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Humana Inc
        529900YLDW34GJAO4J06
        Humana Inc
        444859102
        
          
          
        
        2405.00000000
        NS
        USD
        1046583.85000000
        0.902752644142
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Verizon Communications Inc
        2S72QS2UO2OESLG6Y829
        Verizon Communications Inc
        92343V104
        
          
          
        
        41688.00000000
        NS
        USD
        2123586.72000000
        1.831743845986
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        PACCAR Inc
        KDTEY8BWE486IKZ3CC07
        PACCAR Inc
        693718108
        
          
          
        
        18285.00000000
        NS
        USD
        1610359.95000000
        1.389049432478
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        ConocoPhillips
        WPTL2Z3FIYTHSP5V2253
        ConocoPhillips
        20825C104
        
          
          
        
        15328.00000000
        NS
        USD
        1532800.00000000
        1.322148486183
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Sun Life Financial Inc
        549300V040JZX5S66Z78
        Sun Life Financial Inc
        866796105
        
          
          
        
        44735.00000000
        NS
        USD
        2497555.05000000
        2.154317998772
        Long
        EC
        CORP
        CA
        N
        
        1
        
          N
          N
          N
        
      
      
        Microchip Technology Inc
        5493007PTFULNYZJ1R12
        Microchip Technology Inc
        595017104
        
          
          
        
        6399.00000000
        NS
        USD
        480820.86000000
        0.414742022556
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        CDW Corp/DE
        9845001B052ABF0B6755
        CDW Corp/DE
        12514G108
        
          
          
        
        2817.00000000
        NS
        USD
        503933.13000000
        0.434677991236
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        NextEra Energy Inc
        N/A
        NextEra Energy Inc
        65339F101
        
          
          
        
        10264.00000000
        NS
        USD
        869463.44000000
        0.749973754558
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Merck KGaA
        529900OAREIS0MOPTW25
        Merck KGaA
        589339209
        
          
          
        
        5032.00000000
        NS
        USD
        210387.92000000
        0.181474471515
        Long
        EC
        CORP
        DE
        N
        
        1
        
          N
          N
          N
        
      
      
        Healthcare Realty Trust Inc
        549300CB86LH2IOKHH22
        Healthcare Realty Trust Inc
        421946104
        
          
          
        
        18359.00000000
        NS
        USD
        504505.32000000
        0.435171545609
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Baker Hughes Co
        N/A
        Baker Hughes Co
        05722G100
        
          
          
        
        21484.00000000
        NS
        USD
        782232.44000000
        0.674730843156
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Celanese Corp
        549300FHJQTDPPN41627
        Celanese Corp
        150870103
        
          
          
        
        8317.00000000
        NS
        USD
        1188249.79000000
        1.024949544008
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Eversource Energy
        SJ7XXD41SQU3ZNWUJ746
        Eversource Energy
        30040W108
        
          
          
        
        14628.00000000
        NS
        USD
        1290043.32000000
        1.112753668221
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Graphic Packaging Holding Co
        N/A
        Graphic Packaging Holding Co
        388689101
        
          
          
        
        19950.00000000
        NS
        USD
        399798.00000000
        0.344854071293
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        BorgWarner Inc
        549300DSFX2IE88NSX47
        BorgWarner Inc
        099724106
        
          
          
        
        32357.00000000
        NS
        USD
        1258687.30000000
        1.085706881702
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Phillips 66
        5493005JBO5YSIGK1814
        Phillips 66
        718546104
        
          
          
        
        10823.00000000
        NS
        USD
        934998.97000000
        0.806502787557
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Anthem Inc
        8MYN82XMYQH89CTMTH67
        Anthem Inc
        036752103
        
          
          
        
        2885.00000000
        NS
        USD
        1417169.70000000
        1.222409168528
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Paramount Global
        5KYC8KF17ROCY24M3H09
        Paramount Global
        92556H206
        
          
          
        
        8436.00000000
        NS
        USD
        318965.16000000
        0.275130025730
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Ferguson PLC
        213800DU1LGY3R2S2X42
        Ferguson PLC
        000000000
        
          
          
          
        
        8593.00000000
        NS
        USD
        1152493.16000000
        0.994106919905
        Long
        EC
        CORP
        GB
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Illinois Tool Works Inc
        76NA4I14SZCFAYMNSV04
        Illinois Tool Works Inc
        452308109
        
          
          
        
        2243.00000000
        NS
        USD
        469684.20000000
        0.405135865092
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Timken Co/The
        B0I35MLPFXZSE70ASS73
        Timken Co/The
        887389104
        
          
          
        
        12278.00000000
        NS
        USD
        745274.60000000
        0.642852090410
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Prologis Inc
        529900DFH19P073LZ636
        Prologis Inc
        74340W103
        
          
          
        
        3691.00000000
        NS
        USD
        596022.68000000
        0.514111745885
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Carter's Inc
        5299003WAQK4R3L3ZU36
        Carter's Inc
        146229109
        
          
          
        
        12970.00000000
        NS
        USD
        1193110.30000000
        1.029142077893
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Corning Inc
        549300X2937PB0CJ7I56
        Corning Inc
        219350105
        
          
          
        
        12343.00000000
        NS
        USD
        455580.13000000
        0.392970106481
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        AmerisourceBergen Corp
        AI8GXW8LG5WK7E9UD086
        AmerisourceBergen Corp
        03073E105
        
          
          
        
        7971.00000000
        NS
        USD
        1233193.41000000
        1.063716597209
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        JPMorgan Chase & Co
        8I5DZWZKVSZI1NUHU748
        JPMorgan Chase & Co
        46625H100
        
          
          
        
        17031.00000000
        NS
        USD
        2321665.92000000
        2.002601175334
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Oshkosh Corp
        549300FEKNPCFSA2B506
        Oshkosh Corp
        688239201
        
          
          
        
        6420.00000000
        NS
        USD
        646173.00000000
        0.557369946348
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Emerson Electric Co
        FGLT0EWZSUIRRITFOA30
        Emerson Electric Co
        291011104
        
          
          
        
        10189.00000000
        NS
        USD
        999031.45000000
        0.861735333551
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Northern Trust Corp
        549300GLF98S992BC502
        Northern Trust Corp
        665859104
        
          
          
        
        12088.00000000
        NS
        USD
        1407647.60000000
        1.214195683337
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Dollar General Corp
        OPX52SQVOZI8IVSWYU66
        Dollar General Corp
        256677105
        
          
          
        
        3919.00000000
        NS
        USD
        872486.97000000
        0.752581763178
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        BCE Inc
        5493001I9203PRB5KR45
        BCE Inc
        05534B760
        
          
          
        
        11903.00000000
        NS
        USD
        660140.38000000
        0.569417800160
        Long
        EC
        CORP
        CA
        N
        
        1
        
          N
          N
          N
        
      
      
        Exxon Mobil Corp
        J3WHBG0MTS7O8ZVMDC91
        Exxon Mobil Corp
        30231G102
        
          
          
        
        11510.00000000
        NS
        USD
        950610.90000000
        0.819969182140
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        PNC Financial Services Group I
        CFGNEKW0P8842LEUIA51
        PNC Financial Services Group Inc/The
        693475105
        
          
          
        
        7212.00000000
        NS
        USD
        1330253.40000000
        1.147437708148
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Camden Property Trust
        5493002MYX22OHYJBD89
        Camden Property Trust
        133131102
        
          
          
        
        8280.00000000
        NS
        USD
        1376136.00000000
        1.187014698057
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Dow Inc
        5493003S21INSLK2IP73
        Dow Inc
        260557103
        
          
          
        
        7978.00000000
        NS
        USD
        508358.16000000
        0.438494892799
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Newmont Corp
        549300VSP3RIX7FGDZ51
        Newmont Corp
        651639106
        
          
          
        
        21841.00000000
        NS
        USD
        1735267.45000000
        1.496790991741
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Clorox Co/The
        54930044KVSC06Z79I06
        Clorox Co/The
        189054109
        
          
          
        
        4602.00000000
        NS
        USD
        639816.06000000
        0.551886635676
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Honda Motor Co Ltd
        549300P7ZYCQJ36CCS16
        Honda Motor Co Ltd
        438128308
        
          
          
        
        20793.00000000
        NS
        USD
        587610.18000000
        0.506855369228
        Long
        EC
        CORP
        JP
        N
        
        1
        
          N
          N
          N
        
      
      
        Analog Devices Inc
        GYVOE5EZ4GDAVTU4CQ61
        Analog Devices Inc
        032654105
        
          
          
        
        8569.00000000
        NS
        USD
        1415427.42000000
        1.220906328715
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Chevron Corp
        N/A
        Chevron Corp
        166764100
        
          
          
        
        12431.00000000
        NS
        USD
        2024139.73000000
        1.745963778603
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        National Instruments Corp
        549300TP4OOPCYWDUP86
        National Instruments Corp
        636518102
        
          
          
        
        9911.00000000
        NS
        USD
        402287.49000000
        0.347001432616
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Kaiser Aluminum Corp
        N/A
        Kaiser Aluminum Corp
        483007704
        
          
          
        
        8570.00000000
        NS
        USD
        806951.20000000
        0.696052523162
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        First American Financial Corp
        549300B6VEZK3N0A1P55
        First American Financial Corp
        31847R102
        
          
          
        
        10670.00000000
        NS
        USD
        691629.40000000
        0.596579308592
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Comcast Corp
        51M0QTTNCGUN7KFCFZ59
        Comcast Corp
        20030N101
        
          
          
        
        35941.00000000
        NS
        USD
        1682757.62000000
        1.451497546905
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Garmin Ltd
        2549001E0HIPIJQ0W046
        Garmin Ltd
        000000000
        
          
          
          
        
        3880.00000000
        NS
        USD
        460206.80000000
        0.396960936815
        Long
        EC
        CORP
        CH
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Broadridge Financial Solutions
        549300KZDJZQ2YIHRC28
        Broadridge Financial Solutions Inc
        11133T103
        
          
          
        
        3248.00000000
        NS
        USD
        505746.08000000
        0.436241788925
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Citizens Financial Group Inc
        2138004JDDA4ZQUPFW65
        Citizens Financial Group Inc
        174610105
        
          
          
        
        9816.00000000
        NS
        USD
        444959.28000000
        0.383808871650
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Target Corp
        8WDDFXB5T1Z6J0XC1L66
        Target Corp
        87612E106
        
          
          
        
        6502.00000000
        NS
        USD
        1379854.44000000
        1.190222115735
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Lincoln National Corp
        EFQMQROEDSNBRIP7LE47
        Lincoln National Corp
        534187109
        
          
          
        
        24509.00000000
        NS
        USD
        1601908.24000000
        1.381759234421
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        M&T Bank Corp
        549300WYXDDBYRASEG81
        M&T Bank Corp
        55261F104
        
          
          
        
        8481.00000000
        NS
        USD
        1437529.50000000
        1.239970937023
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Schlumberger NV
        213800ZUA17OK3QLGM62
        Schlumberger NV
        806857108
        
          
          
        
        14623.00000000
        NS
        USD
        604076.13000000
        0.521058416505
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Procter & Gamble Co/The
        2572IBTT8CCZW6AU4141
        Procter & Gamble Co/The
        742718109
        
          
          
        
        6838.00000000
        NS
        USD
        1044846.40000000
        0.901253970546
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Kohl's Corp
        549300JF6LPRTRJ0FH50
        Kohl's Corp
        500255104
        
          
          
        
        6484.00000000
        NS
        USD
        392022.64000000
        0.338147272981
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Abbott Laboratories
        HQD377W2YR662HK5JX27
        Abbott Laboratories
        002824100
        
          
          
        
        14124.00000000
        NS
        USD
        1671716.64000000
        1.441973920213
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Texas Instruments Inc
        WDJNR2L6D8RWOEB8T652
        Texas Instruments Inc
        882508104
        
          
          
        
        7473.00000000
        NS
        USD
        1371146.04000000
        1.182710504385
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        T Rowe Price Group Inc
        549300SIV6FPS9Y7IH33
        T Rowe Price Group Inc
        74144T108
        
          
          
        
        4308.00000000
        NS
        USD
        651326.52000000
        0.561815222096
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Hershey Co/The
        21X2CX66SU2BR6QTAD08
        Hershey Co/The
        427866108
        
          
          
        
        2641.00000000
        NS
        USD
        572119.83000000
        0.493493846000
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Mondelez International Inc
        549300DV9GIB88LZ5P30
        Mondelez International Inc
        609207105
        
          
          
        
        21706.00000000
        NS
        USD
        1362702.68000000
        1.175427508794
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Cerner Corp
        549300L4UJ40IEVVI304
        Cerner Corp
        156782104
        
          
          
        
        18321.00000000
        NS
        USD
        1714112.76000000
        1.478543574361
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Johnson & Johnson
        549300G0CFPGEF6X2043
        Johnson & Johnson
        478160104
        
          
          
        
        2901.00000000
        NS
        USD
        514144.23000000
        0.443485787692
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
    
    
      
    
    
      2022-05-20
      PIONEER VARIABLE CONTRACTS TRUST /MA/
      Anthony J. Koenig, Jr
      Anthony J. Koenig, Jr
      Managing Director, Chief Operations Officer & Treasurer of the Funds
    
  
  XXXX




Pioneer Variable Contracts Trust
Pioneer Equity Income

VCT Portfolio
Class I and II Shares
Schedule of Investments  |  March 31, 2022


Pioneer Equity Income VCT Portfolio Pioneer Variable Contracts Trust

Schedule of Investments 3/31/22 (unaudited) 
Shares           Value
  UNAFFILIATED ISSUERS — 99.9%  
  Common Stocks — 99.3% of Net Assets  
  Aerospace & Defense — 1.2%  
14,120 Raytheon Technologies Corp. $  1,398,868
  Total Aerospace & Defense   $1,398,868
  Air Freight & Logistics — 0.7%  
7,413 CH Robinson Worldwide, Inc. $    798,454
  Total Air Freight & Logistics     $798,454
  Auto Components — 1.1%  
32,357 BorgWarner, Inc. $  1,258,687
  Total Auto Components   $1,258,687
  Automobiles — 1.3%  
53,449 Ford Motor Co. $    903,823
20,793 Honda Motor Co., Ltd. (A.D.R.)     587,610
  Total Automobiles   $1,491,433
  Banks — 6.6%  
49,873 Bank of America Corp. $  2,055,765
9,816 Citizens Financial Group, Inc.      444,959
17,031 JPMorgan Chase & Co.    2,321,666
8,481 M&T Bank Corp.    1,437,530
7,212 PNC Financial Services Group, Inc.   1,330,253
  Total Banks   $7,590,173
  Biotechnology — 0.2%  
4,286 Gilead Sciences, Inc. $    254,803
  Total Biotechnology     $254,803
  Capital Markets — 4.4%  
14,405 Bank of New York Mellon Corp. $    714,920
16,985 Charles Schwab Corp.    1,432,005
12,088 Northern Trust Corp.    1,407,648
10,494 State Street Corp.      914,237
4,308 T Rowe Price Group, Inc.     651,327
  Total Capital Markets   $5,120,137
  Chemicals — 2.3%  
8,317 Celanese Corp. $  1,188,250
7,801 Corteva, Inc.      448,402
7,978 Dow, Inc.      508,358
7,599 DuPont de Nemours, Inc.     559,134
  Total Chemicals   $2,704,144
  Commercial Services & Supplies — 0.7%  
6,075 MSA Safety, Inc. $    806,153
  Total Commercial Services & Supplies     $806,153
  Containers & Packaging — 0.3%  
19,950 Graphic Packaging Holding Co. $    399,798
  Total Containers & Packaging     $399,798
1

Pioneer Equity Income VCT Portfolio Pioneer Variable Contracts Trust

Schedule of Investments 3/31/22 (unaudited) (continued)
Shares           Value
  Diversified Telecommunication Services — 2.4%  
11,903 BCE, Inc. $    660,140
41,688 Verizon Communications, Inc.   2,123,587
  Total Diversified Telecommunication Services   $2,783,727
  Electric Utilities — 2.1%  
2,984 American Electric Power Co., Inc. $    297,714
14,628 Eversource Energy    1,290,043
10,264 NextEra Energy, Inc.     869,463
  Total Electric Utilities   $2,457,220
  Electrical Equipment — 0.9%  
10,189 Emerson Electric Co. $    999,031
  Total Electrical Equipment     $999,031
  Electronic Equipment, Instruments & Components — 2.2%  
2,817 CDW Corp. $    503,933
12,343 Corning, Inc.      455,580
9,911 National Instruments Corp.      402,287
8,963 TE Connectivity, Ltd.   1,173,974
  Total Electronic Equipment, Instruments & Components   $2,535,774
  Energy Equipment & Services — 1.2%  
21,484 Baker Hughes Co. $    782,233
14,623 Schlumberger, Ltd.     604,076
  Total Energy Equipment & Services   $1,386,309
  Equity Real Estate Investment Trusts (REITs) — 4.9%  
10,777 Alexandria Real Estate Equities, Inc. $  2,168,871
8,280 Camden Property Trust    1,376,136
2,877 Crown Castle International Corp.      531,094
3,698 Digital Realty Trust, Inc.      524,377
18,359 Healthcare Realty Trust, Inc.      504,505
3,691 Prologis, Inc.     596,023
  Total Equity Real Estate Investment Trusts (REITs)   $5,701,006
  Food Products — 4.1%  
2,641 Hershey Co. $    572,120
5,399 John B Sanfilippo & Son, Inc.      450,492
14,405 McCormick & Co., Inc., Class VTG    1,437,619
21,706 Mondelez International, Inc., Class A    1,362,703
6,996 Nestle S.A. (A.D.R.)     910,180
  Total Food Products   $4,733,114
  Health Care Equipment & Supplies — 2.2%  
14,124 Abbott Laboratories $  1,671,717
11,552 Baxter International, Inc.     895,742
  Total Health Care Equipment & Supplies   $2,567,459
  Health Care Providers & Services — 4.2%  
7,971 AmerisourceBergen Corp. $  1,233,193
2,885 Anthem, Inc.    1,417,170
11,635 CVS Health Corp.    1,177,578
2,405 Humana, Inc.   1,046,584
  Total Health Care Providers & Services   $4,874,525
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Pioneer Equity Income VCT Portfolio Pioneer Variable Contracts Trust

Shares           Value
  Health Care Technology — 1.5%  
18,321 Cerner Corp. $  1,714,113
  Total Health Care Technology   $1,714,113
  Household Durables — 0.4%  
3,880 Garmin, Ltd. $    460,207
  Total Household Durables     $460,207
  Household Products — 1.5%  
4,602 Clorox Co. $    639,816
6,838 Procter & Gamble Co.   1,044,846
  Total Household Products   $1,684,662
  Insurance — 5.9%  
9,646 Chubb, Ltd. $  2,063,280
10,670 First American Financial Corp.      691,629
24,509 Lincoln National Corp.    1,601,908
44,735 Sun Life Financial, Inc.   2,497,555
  Total Insurance   $6,854,372
  IT Services — 4.3%  
2,313 Accenture Plc, Class A $    780,013
3,463 Automatic Data Processing, Inc.      787,971
3,248 Broadridge Financial Solutions, Inc.      505,746
8,077 Cognizant Technology Solutions Corp., Class A      724,265
4,274 Fidelity National Information Services, Inc.      429,195
5,677 International Business Machines Corp.      738,124
7,018 Paychex, Inc.     957,746
  Total IT Services   $4,923,060
  Machinery — 5.1%  
55,794 Gorman-Rupp Co. $  2,001,889
2,243 Illinois Tool Works, Inc.      469,684
6,420 Oshkosh Corp.      646,173
18,285 PACCAR, Inc.    1,610,360
3,393 Stanley Black & Decker, Inc.      474,307
12,278 Timken Co.     745,275
  Total Machinery   $5,947,688
  Media — 3.5%  
35,941 Comcast Corp., Class A $  1,682,758
29,545 Interpublic Group of Cos., Inc.    1,047,370
11,921 Omnicom Group, Inc.    1,011,855
8,436 Paramount Global, Class B     318,965
  Total Media   $4,060,948
  Metals & Mining — 6.6%  
8,570 Kaiser Aluminum Corp. $    806,951
14,843 Materion Corp.    1,272,639
21,841 Newmont Corp.    1,735,267
12,323 Nucor Corp.    1,831,814
10,571 Reliance Steel & Aluminum Co.   1,938,193
  Total Metals & Mining   $7,584,864
  Multiline Retail — 2.3%  
3,919 Dollar General Corp. $    872,487
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Pioneer Equity Income VCT Portfolio Pioneer Variable Contracts Trust

Schedule of Investments 3/31/22 (unaudited) (continued)
Shares           Value
  Multiline Retail — (continued)  
6,484 Kohl's Corp. $    392,023
6,502 Target Corp.   1,379,854
  Total Multiline Retail   $2,644,364
  Multi-Utilities — 0.7%  
11,427 CMS Energy Corp. $    799,204
  Total Multi-Utilities     $799,204
  Oil, Gas & Consumable Fuels — 7.7%  
12,431 Chevron Corp. $  2,024,140
15,328 ConocoPhillips    1,532,800
11,510 Exxon Mobil Corp.      950,611
23,809 Marathon Petroleum Corp.    2,035,669
10,823 Phillips 66      934,999
14,446 Valero Energy Corp.   1,466,847
  Total Oil, Gas & Consumable Fuels   $8,945,066
  Pharmaceuticals — 6.7%  
13,824 AstraZeneca Plc (A.D.R.) $    917,084
7,271 Eli Lilly & Co.    2,082,196
2,901 Johnson & Johnson      514,144
5,032 Merck KGaA (A.D.R.)      210,388
15,575 Novo Nordisk AS (A.D.R.)    1,729,604
11,205 Organon & Co.      391,391
38,013 Pfizer, Inc.   1,967,933
  Total Pharmaceuticals   $7,812,740
  Road & Rail — 1.0%  
4,248 Norfolk Southern Corp. $  1,211,615
  Total Road & Rail   $1,211,615
  Semiconductors & Semiconductor Equipment — 5.1%  
8,569 Analog Devices, Inc. $  1,415,428
2,935 CMC Materials, Inc.      544,149
3,921 KLA Corp.    1,435,321
6,399 Microchip Technology, Inc.      480,821
4,494 QUALCOMM, Inc.      686,773
7,473 Texas Instruments, Inc.   1,371,146
  Total Semiconductors & Semiconductor Equipment   $5,933,638
  Specialty Retail — 0.3%  
5,665 TJX Cos., Inc. $    343,186
  Total Specialty Retail     $343,186
  Technology Hardware, Storage & Peripherals — 0.6%  
44,665 Hewlett Packard Enterprise Co. $    746,352
  Total Technology Hardware, Storage & Peripherals     $746,352
  Textiles, Apparel & Luxury Goods — 1.5%  
12,970 Carter's, Inc. $  1,193,111
8,493 VF Corp.     482,912
  Total Textiles, Apparel & Luxury Goods   $1,676,023
4

Pioneer Equity Income VCT Portfolio Pioneer Variable Contracts Trust

Shares           Value
  Trading Companies & Distributors — 1.0%  
8,593 Ferguson Plc $  1,152,493
  Total Trading Companies & Distributors   $1,152,493
  Water Utilities — 0.6%  
14,111 Essential Utilities, Inc. $    721,495
  Total Water Utilities     $721,495
  Total Common Stocks
(Cost $78,182,496)
$115,076,905
 
  SHORT TERM INVESTMENTS — 0.6% of Net Assets  
  Open-End Fund — 0.6%  
675,768(a) Dreyfus Government Cash Management,
  Institutional Shares, 0.19%
$    675,768
                $675,768
  TOTAL SHORT TERM INVESTMENTS
(Cost $675,768)
    $675,768
  TOTAL INVESTMENTS IN UNAFFILIATED ISSUERS — 99.9%
(Cost $78,858,264)
$115,752,673
  OTHER ASSETS AND LIABILITIES — 0.1%     $118,469
  net assets — 100.0% $115,871,142
             
(A.D.R.) American Depositary Receipts.
(a) Rate periodically changes. Rate disclosed is the 7-day yield at March 31, 2022.
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 unadjusted 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, 2022, in valuing the Portfolio's investments:
  Level 1 Level 2 Level 3 Total
Common Stocks $115,076,905 $$$115,076,905
Open-End Fund 675,768 675,768
Total Investments in Securities $115,752,673 $— $— $115,752,673
During the period ended March 31, 2022, there were no transfers in or out of Level 3.
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