September 19, 2016





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. 87002116B (the “Bond”) issued by the ICI Mutual Insurance Company of Washington, DC the amount of $38,000,000 covering the period July 31, 2016 through July 31, 2017 (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 12, 2016, 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, 2016 (EXHIBIT 99-3); and


4.A copy of the Fidelity Bond Premium and Coverage Allocation Agreement, effective as of August 1, 2016, by and among the joint insureds under the Bond (EXHIBIT 99-4).




Pioneer Family of Funds.

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, 2016 to July 31, 2017.


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 Number

Pioneer Asset Allocation Trust

Pioneer Solutions – Balanced Fund

Pioneer Solutions – Conservative Fund

Pioneer Solutions – Growth Fund

2 Pioneer Bond Fund 811-02864
3 Pioneer Diversified High Income Trust 811-22014
4 Pioneer Emerging Markets Fund 811-08448
5 Pioneer Equity Income Fund 811-08657
6 Pioneer Floating Rate Trust 811-21654
7 Pioneer Fund 811-01466
8 Pioneer High Income Trust 811-21043
9 Pioneer High Yield Fund 811-09685
10 Pioneer ILS Bridge Fund 811-23172
11 Pioneer ILS Interval Fund 811-22987
12 Pioneer Mid Cap Value Fund 811-06106

Pioneer Money Market Trust, a series fund consisting of:

Pioneer U.S. Government Money Market Fund

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

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 Multi-Asset Income Fund


Pioneer Series Trust V, a series trust consisting of:

Pioneer Global Equity Fund

Pioneer High Income Municipal Fund

Pioneer U.S. Corporate High Yield Fund









Investment Company Act
Registration Number

Pioneer Series Trust VI, a series trust consisting of:

Pioneer Floating Rate Fund

Pioneer Flexible Opportunities 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 Equity 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 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 Mid Cap Value VCT Portfolio  
  Pioneer Real Estate Shares VCT Portfolio  
  Pioneer Strategic Income VCT Portfolio