October 2, 2014




Securities and Exchange Commission

Office of Registration and Reports

100 F Street, N.E.

Washington, D.C. 20549


Re:Pioneer Family of Mutual Funds

(Each Registrant listed on Attachment A hereto)


Members of the Commission:


In accordance with Rule 17g-1(g) of the Investment Company Act of 1940, each of the registrants listed on Attachment A hereby files the following documents with the Commission:


1.Bond No. 87002114B (the “Bond”) issued by the ICI Mutual Insurance Company of Washington, DC the amount of $38,000,000 covering the period July 31, 2014 through July 31, 2015 (EXHIBIT 99-1);


2.A certified copy of resolutions adopted by a majority of the Trustees who are not “interested persons” of each of the registrants, at a meeting held on July 15, 2014, approving the amount, type, form and coverage of the Bond and the portion of the premium to be paid by each Registrant (EXHIBIT 99-2);


3.A statement showing the amount of the single insured bond which each registrant would have provided and maintained had it not been named as an insured under a joint insured bond based on its gross assets as of June 30, 2014 (EXHIBIT 99-3); and


4.A copy of the Fidelity Bond Premium and Coverage Allocation Agreement, effective as of August 1, 2014, by and among the joint insureds under the Bond (EXHIBIT 99-4).


Pioneer Investment Management, Inc.

60 State Street

Boston, MA 02109-1820

Telephone: 617-742-7825


“Member of the UniCredit Banking Group, Register of Banking Groups.”




The Bond provides total fidelity coverage of $38,000,000 for 29 registrants associated with Pioneer Investment Management USA Inc.


The premium associated with coverage under the Bond has been paid for the period from July 31, 2014 to July 31, 2015.


Please contact me at 617/517-8996 should you have any questions or require additional information.


  Very truly yours,
  /s/ Carol B. Hannigan
  Carol B. Hannigan
  Assistant Secretary of the Pioneer Funds




CC: Terrence J. Cullen  
  Roger Joseph, Esq.  
  Christopher J. Kelley  
  Toby Serkin, Esq.  




Attachment A



Investment Company

Act Registration


1   Pioneer Bond Fund   811-02864
2   Pioneer Diversified High Income Trust   811-22014
3   Pioneer Emerging Markets Fund   811-08448
4   Pioneer Equity Income Fund   811-08657
5   Pioneer Floating Rate Trust   811-21654
6   Pioneer Fund   811-01466
7   Pioneer High Income Trust   811-21043
8   Pioneer High Yield Fund   811-09685

Pioneer Ibbotson Asset Allocation Series, a series trust consisting of:

Pioneer Ibbotson Aggressive Allocation Fund

Pioneer Ibbotson Conservative Allocation Fund

Pioneer Ibbotson Growth Allocation Fund

Pioneer Ibbotson Moderate Allocation Fund

10   Pioneer ILS Interval Fund   811-22987
11   Pioneer Mid Cap Value Fund   811-06106

Pioneer Money Market Trust, a series fund
consisting of:

Pioneer Cash Reserves Fund

13   Pioneer Municipal High Income Trust   811-21321
14   Pioneer Municipal High Income Advantage Trust   811-21409
15   Pioneer Real Estate Shares   811-07870

Pioneer Series Trust I, a series trust consisting of:

Pioneer Oak Ridge Large Cap Growth Fund

Pioneer Oak Ridge Small Cap Growth Fund


Pioneer Series Trust II, a series trust consisting of:

Pioneer AMT-Free Municipal Fund

Pioneer Select Mid Cap Growth Fund


Pioneer Series Trust III, a series trust consisting of:

Pioneer Disciplined Value Fund


Pioneer Series Trust IV, a series trust consisting of:

Pioneer Classic Balanced Fund

Pioneer Government Income Fund

Pioneer Multi-Asset Income Fund


Pioneer Series Trust V, a series trust consisting of:

Pioneer Global Equity Fund

Pioneer High Income Municipal Fund






Investment Company

Act Registration



Pioneer Series Trust VI, a series trust consisting of:

Pioneer Floating Rate Fund

Pioneer Multi-Asset Real Return Fund

(and its wholly-owned subsidiary Pioneer Cayman

Commodity Fund Ltd)


Pioneer Series Trust VII, a series trust consisting of:

Pioneer Global Multisector Income Fund

Pioneer Global High Yield Fund


Pioneer Series Trust VIII, a series trust consisting of:

Pioneer International Value Fund


Pioneer Series Trust X a series trust consisting of:

Pioneer Dynamic Credit Fund

Pioneer Fundamental Growth Fund

Pioneer Multi-Asset Ultrashort Income Fund


Pioneer Series Trust XI a series trust consisting of:

Pioneer Core Equity Fund


Pioneer Series Trust XII a series trust consisting of:

Pioneer Disciplined Growth Fund

27   Pioneer Short Term Income Fund   811-21558
28   Pioneer Strategic Income Fund   811-09223
29   Pioneer Variable Contracts Trust, a series trust consisting of:   811-08786
    Pioneer Bond VCT Portfolio    
    Pioneer Disciplined Value VCT Portfolio    
    Pioneer Emerging Markets VCT Portfolio    
    Pioneer Equity Income VCT Portfolio    
    Pioneer Fund VCT Portfolio    
    Pioneer Select Mid Cap Growth VCT Portfolio    
    Pioneer High Yield VCT Portfolio    
    Pioneer Ibbotson Growth Allocation VCT Portfolio    
    Pioneer Ibbotson Moderate Allocation VCT Portfolio    
    Pioneer Mid Cap Value VCT Portfolio    
    Pioneer Real Estate Shares VCT Portfolio    
    Pioneer Strategic Income VCT Portfolio