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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-21448
Pioneer Tax Advantaged Balanced Trust
(Exact name of registrant as specified in charter)
60 State Street, Boston, MA 02109
(Address of principal executive offices) (ZIP code)
Dorothy E. Bourassa, Pioneer Investment Management, Inc.,
60 State Street, Boston, MA 02109
(Name and address of agent for service)
Registrant's telephone number, including area code: (617) 742-7825
Date of fiscal year end: November 30
Date of reporting period: August 31, 2005
Form N-Q is to be used by management investment companies, other than small
business investment companies registered on Form N-5 (239.24 and 274.5 of this
chapter), to file reports with the Commission, not later than 60 days after
close of the first and third fiscal quarters, pursuant to Rule 30b1-5under
the Investment Company Act of 1940 (17 CFR 270.30b-5). The Commission may
use the information provided on Form N-Q in its regulatory, disclosure review,
inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-Q,
and the Commission will make this information public. A registrant is not
required to respond to the collection of information contained in Form N-Q
unless the Form displays a currently valid Office of Management and Budget
("OMB") control number. Please direct comments concerning the accuracy of the
information collection burden estimate and any suggestions for reducing the
burden to Secretary, Securities and Exchange Commission, 450 Fifth Street, NW,
Washington, DC 20549-0609. The OMB has reviewed this collection of information
under the clearance requirements of 44 U.S.C. ss. 3507.
ITEM 1. Schedule of Investments.
Pioneer Tax Advantaged Balanced Trust
SCHEDULE OF INVESTMENTS 8/31/05 (unaudited)
Principal
Amount
USD ($) Value
TAX EXEMPT OBLIGATIONS - 74.8% of Net Assets
Alabama - 2.9%
6,990,000Birmingham Waterworks & Sewer Revenue, 5.0%, 1/1/43 $ 7,285,607
5,000,000Huntsville Health Care Authority Revenue, 5.75%, 6/ 5,387,900
$ 12,673,507
Arizona - 2.3%
10,285,000Mila County Industrial Development Authority, 5.55% $ 5,862,450
1,000,000Maricopa County Hospital Revenue, 5.0%, 4/1/35 1,016,250
1,000,000Pima County Industrial Development Authority, 6.375 1,029,350
1,000,000Pima County Industrial Development Authority, 6.75% 1,041,330
1,000,000Pima County Industrial Development Authority, 7.5%, 1,039,060
$ 9,988,440
California - 2.3%
1,000,000California Health Facilities Authority Revenue, 5.2 $ 1,060,840
4,000,000Del Mar Race Track Authority Revenue, 5.0%, 8/15/25 4,151,960
4,000,000Golden State Tobacco Securitization Corp., 6.75%, 6 4,611,280
$ 9,824,080
Connecticut - 1.6%
4,190,000Connecticut State Development Authority Pollution C $ 4,552,016
1,000,000Connecticut State Health & Educational Facilities A 1,079,930
1,500,000Mohegan Tribe Indians Gaming Authority, 5.25%, 1/1/ 1,514,100
$ 7,146,046
District of Columbia - 1.0%
4,000,000District of Columbia Tobacco Settlement Financing C $ 4,464,160
Florida - 2.1%
5,000,000Highlands County Health Facilities Authority Revenu $ 5,537,850
1,100,000Madison County First Mortgage Revenue, 6.0%, 7/1/25 1,096,227
2,025,000Miami Beach Health Facilities Authority, 5.375%, 11 2,053,249
500,000 Miami Beach Health Facilities Authority, 6.7%, 11/1 554,880
$ 9,242,206
Georgia - 2.4%
5,000,000Burke County Development Authority Revenue, 4.75%, $ 5,072,800
2,500,000Milledgeville-Baldwin County Development Authority 2,661,875
2,500,000Milledgeville-Baldwin County Development Authority 2,659,950
$ 10,394,625
Illinois - 3.8%
3,000,000Chicago Illinois General Obiligation, 5.0%, 1/1/28 $ 3,171,450
4,580,000Illinois Development Finance Authority Revenue, 5.2 4,844,129
5,000,000Illinois Educational Facilities Authority Revenue, 5,212,350
2,000,000Illinois Finance Authority Revenue, 5.5%, 8/15/43 2,172,600
1,130,000Illinois Health Facilities Authority Revenue, 6.375 1,130,000
$ 16,530,529
Indiana - 2.3%
4,135,000Indiana State Development Finance Authority Revenue $ 4,389,178
5,100,000Indiana Transportation Finance Authority Highway Re 5,377,542
$ 9,766,720
Kansas - 0.8%
3,000,000Wyandotte County Unified Government Utility System $ 3,506,790
Louisiana - 2.0%
8,335,000Tobacco Settlement Financing Corp., 5.875%, 5/15/39 $ 8,861,939
Maryland - 0.6%
2,500,000Maryland State Health & Higher Educational Faciliti $ 2,610,850
Massachusetts - 4.9%
2,000,000Massachusetts Health & Educational Facilities Autho $ 2,111,220
5,000,000Massachusetts Health & Educational Facilities Autho 5,057,800
1,550,000Massachusetts Health & Educational Facilities Autho 1,571,824
1,600,000Massachusetts Health & Educational Facilities Autho 1,656,240
2,120,000Massachusetts Health & Educational Facilities Autho 2,184,618
900,000 Massachusetts Health & Educational Facilities Autho 982,251
2,750,000Massachusetts Health & Educational Facilities Autho 3,021,535
500,000 Massachusetts State Development Finance Agency, 5.5 509,645
1,100,000Massachusetts State Development Finance Agency, 5.6 1,168,629
1,000,000Massachusetts State Development Finance Agency, 5.7 1,062,330
2,000,000University of Massachusetts Building Authority Proj 2,186,960
$ 21,513,052
Michigan - 2.0%
5,000,000Macomb County Hospital Finance Authority Revenue, 5 $ 5,094,600
2,000,000Michigan State Hospital Finance Authority Revenue, 2,028,700
1,000,000Michigan State Hospital Finance Authority Revenue, 1,021,860
695,000 Pontiac Hospital Finance Authority Revenue, 6.0%, 8 695,083
$ 8,840,243
Minnesota - 0.9%
2,000,000Duluth Economic Development Authority Health Care F $ 2,107,360
1,500,000Duluth Economic Development Authority Health Care F 1,574,055
$ 3,681,415
Missouri - 0.4%
1,720,000Missouri State Health & Educational Authority Healt $ 1,826,434
Montana - 2.1%
1,000,000Montana Finance Authority Hospital Facilities Reven $ 1,033,570
8,000,000Montana Health Facility Authority Revenue, RIB, 7.9 8,128,160
$ 9,161,730
Nebraska - 1.0%
4,000,000Nebraska Investment Finance Authority Revenue, RIB, $ 4,440,640
Nevada - 2.2%
3,000,000Clark County Industrial Development Revenue, 5.5%, $ 2,999,760
1,500,000Henderson Nevada Health Care Facilities Revenue, 5. 1,627,470
5,000,000Washoe County Water Facility Revenue, 5.0%, 3/1/36 5,097,300
$ 9,724,530
New Hampshire - 0.7%
2,000,000New Hampshire Business Finance Authority Revenue, 6 $ 1,992,720
1,000,000New Hampshire Health & Education Facilities Authori 1,072,910
$ 3,065,630
New Jersey - 3.9%
1,250,000Camden County Improvement Authority Revenue, 5.75%, $ 1,335,488
710,000 New Jersey Economic Development Authority Revenue, 727,970
1,230,000New Jersey Economic Development Authority Revenue, 1,266,654
1,500,000New Jersey Health Care Facilities Financing Authori 1,402,095
5,000,000New Jersey Health Care Facilities Financing Authori 5,243,750
3,500,000New Jersey Health Care Facilities Financing Authori 3,604,300
3,000,000Tobacco Settlement Financing Corp., 6.25%, 6/1/43 3,394,530
$ 16,974,787
New Mexico - 0.6%
1,000,000Dona Ana County PILT Revenue, 5.25%, 12/1/25 $ 1,077,350
1,500,000Farmington New Mexico Hospital Revenue, 5.0%, 6/1/2 1,561,365
$ 2,638,715
New York - 5.0%
2,000,000Dutchess County Industrial Development Agency Reven $ 2,201,600
1,000,000New York City Industrial Development Agency, 5.0%, 1,066,080
1,000,000New York City Industrial Development Agency, 5.25%, 1,099,220
8,820,000New York City Transitional Finance Authority Revenu 7,065,173
5,000,000Port Authority of New York & New Jersey Revenue, 5. 5,284,300
4,900,000Triborough Bridge & Tunnel Authority, 5.25%, 11/15/ 5,320,959
$ 22,037,332
North Carolina - 1.5%
3,000,000North Carolina Capital Facilities Finance Agency Re $ 3,157,890
1,000,000North Carolina Capital Facilities Finance Agency St 1,045,340
1,000,000North Carolina Capital Facilities Finance Agency St 1,039,880
1,000,000North Carolina Medical Care Commission Health Care 1,040,970
$ 6,284,080
Ohio - 1.4%
2,000,000Cleveland Airport Special Revenue, 5.7%, 12/1/19 $ 1,740,140
3,000,000Columbus City School District, 5.0%, 12/1/32 3,191,670
1,000,000Hamilton County Hospital Facilities Revenue, 5.125% 1,069,810
$ 6,001,620
Oregon - 0.7%
2,935,000Oregon State Housing & Community Services Department Multi-Family
Revenue,
6.0%, 7/1/31 $ 3,047,381
Pennsylvania - 2.8%
5,000,000Pennsylvania State Turnpike Commission Oil Franchis $ 5,297,600
3,000,000Sayre Health Care Facilities Authority Revenue, 5.8 3,228,900
280,000 Scranton-Lackawanna Health and Welfare Authority Ho 271,620
700,000 Scranton-Lackawanna Health and Welfare Authority Ho 659,729
460,000 Scranton-Lackawanna Health and Welfare Authority Ho 427,860
2,165,000Swarthmore Borough Authority College Revenue, 5.0%, 2,256,493
$ 12,142,202
Puerto Rico - 3.9%
8,000,000Puerto Rico Commonwealth Highway & Transportation A $ 8,476,720
5,000,000Puerto Rico Public Buildings Authority Revenue, 5.2 5,387,650
3,000,000Puerto Rico Public Finance Corp., 5.75%, 8/1/27 3,329,340
$ 17,193,710
Rhode Island - 1.1%
1,545,000Tobacco Settlement Financing Corp., 6.125%, 6/1/32 $ 1,639,770
3,100,000Tobacco Settlement Financing Corp., 6.25%, 6/1/42 3,350,728
$ 4,990,498
South Carolina - 4.1%
6,000,000Berkeley County School District Installment Lease, $ 6,200,280
5,000,000Florence County Hospital Revenue, 5.25%, 11/1/34 5,392,600
3,500,000Lexington County Health Services District, Inc., Ho 3,714,655
2,500,000South Carolina Jobs Economic Development Authority 2,663,300
$ 17,970,835
Tennessee - 0.6%
2,500,000Knox County Health Educational & Housing Facilities Board Hospital
Revenue,
6.5%, 4/15/31 $ 2,681,750
Texas - 2.8%
1,552,000Houston Housing Financing Corp., 6.25%, 9/20/31 $ 1,684,913
2,750,000Lower Colorado River Authority, 5.0%, 5/15/31 2,870,698
1,711,000Panhandle Regional Housing Finance Corp., 6.6%, 7/2 1,892,623
3,000,000Richardson Hospital Authority, 6.0%, 12/1/34 3,250,050
1,000,000Seguin Higher Education Facilities Corp. Revenue, 5 1,006,480
1,500,000Texas State Student Housing Revenue, 6.5%, 9/1/34 1,592,685
$ 12,297,449
Vermont - 0.3%
1,295,000Vermont Educational & Health Buildings Financing Ag $ 1,369,747
Virginia - 1.3%
1,500,000Prince William County Industrial Development Hospit $ 1,589,175
3,925,000Prince William County Industrial Development Hospit 4,173,256
$ 5,762,431
Washington - 4.5%
8,000,000King County Washington Sewer Revenue, 5.0%, 1/1/35 $ 8,406,640
3,000,000Spokane County General Obligation, 5.0%, 12/1/33 3,149,070
7,000,000Tobacco Settlement Authority Revenue, 6.625%, 6/1/3 7,851,690
$ 19,407,400
West Virginia - 1.2%
5,000,000Monongalia County Building Commission Hospital Reve $ 5,211,400
Wisconsin - 0.8%
3,500,000Wisconsin State Health & Educational Facilities Aut $ 3,624,635
TOTAL TAX-EXEMPT OBLIGATIONS
(Cost $308,002,854) (d) $ 326,899,538
Shares
COMMON STOCKS - 32.7% of Net Assets
Materials - 2.0%
Commodity Chemicals - 0.3%
44,780 Lyondell Chemical Co. $ 1,155,324
Diversified Chemicals - 1.3%
83,000 Eastman Chemical Co. $ 3,981,510
94,000 Olin Corp. 1,755,920
$ 5,737,430
Construction Materials - 0.0%
3,950 Monarch Cement Co. $ 98,355
Diversified Metals & Mining - 0.4%
39,800 Freeport-McMoRan Copper & Gold, Inc. $ 1,678,366
Steel - 0.0%
200 Worthington Industries, Inc. $
3,620
Total Materials $ 8,673,095
Automobiles & Components - 0.3%
Automobile Manufacturers - 0.3%
40,000 General Motors Corp. $ 1,367,600
Total Automobiles & Components $ 1,367,600
Consumer Durables & Apparel - 1.3%
Home Furnishings - 0.5%
50,000 Bassett Furniture Industries, Inc. $ 948,000
48,386 Kimball International, Inc. 611,599
33,700 Knape & Vogt Manufacturing Co. 407,770
$ 1,967,369
Housewares & Specialties - 0.8%
166,444 Tupperware Corp. $ 3,648,452
Total Consumer Durables & Apparel $ 5,615,821
Consumer Services - 0.6%
Specialized Consumer Services - 0.6%
200,227 ServiceMaster Co. $ 2,751,119
Total Consumer Services $ 2,751,119
Media - 0.3%
Movies & Enterainment - 0.3%
72,487 Regal Entertainment Group $ 1,417,121
Total Media $ 1,417,121
Food & Staples Retailing - 0.5%
Food Retail - 0.5%
140,947 Lance, Inc. $ 2,396,099
Total Food & Staples Retailing $ 2,396,099
Food, Beverage & Tobacco - 3.9%
Tobacco - 3.9%
76,000 Altria Group, Inc. $ 5,373,200
172,872 Loews Corp. - Carolina Group 6,674,588
33,000 Reynolds American, Inc. 2,770,020
56,000 UST, Inc. 2,383,360
Total Food Beverage & Tobacco $ 17,201,168
Pharmaceuticals & Biotechnology - 3.0%
Pharmaceuticals - 3.0%
281,215 Bristol-Myers Squibb Co. $ 6,881,331
216,536 Merck & Co., Inc. 6,112,811
Total Pharmaceuticals & Biotechnology $ 12,994,142
Banks - 3.9%
Diversified Banks - 0.3%
28,642 Wachovia Corp. $ 1,421,216
Regional Banks - 3.1%
78,200 FirstMerit Corp. $ 2,186,472
81,550 KeyCorp 2,700,936
90,000 National City Corp. 3,296,700
67,800 Regions Financial Corp. 2,218,416
222,700 TrustCo Bank Corp., NY 2,961,910
$ 13,364,434
Thrifts & Mortgage Finance - 0.5%
50,000 Washington Mutual, Inc. $ 2,079,000
Total Banks $ 16,864,650
Telecommunication Services - 4.2%
Integrated Telecommunication Services - 4.2%
257,900 AT&T Corp. $ 5,075,472
182,750 BellSouth Corp. 4,804,498
161,000 Citizens Communications Co. 2,196,040
260,000 SBC Communications, Inc. 6,260,800
Total Telecommunication Services $ 18,336,810
Utilities - 12.7%
Electric Utilities - 5.9%
137,135 Ameren Corp. $ 7,532,826
138,400 Empire District Electric Co. 3,287,000
54 Exelon Corp.
2,910
74,383 Great Plains Energy, Inc. 2,312,567
134,112 NSTAR 3,964,351
64,000 PG&E Corp. 2,401,280
179,000 Southern Co. 6,157,600
$ 25,658,534
Gas Utilities - 1.2%
172,185 Atmos Energy Corp. $ 5,094,954
Multi-Utilities - 3.6%
200,000 Consolidated Edison, Inc. $ 9,382,000
167,249 KeySpan Corp. 6,383,894
$ 15,765,894
Independent Power Producers & Energy Trades - 2.0%
303,253 Duke Energy Corp. $ 8,791,304
Total Utilities $ 55,310,686
TOTAL COMMON STOCKS
(Cost $133,913,933) $ 142,928,311
NON-CONVERTIBLE PREFERRED STOCKS - 29.1% of Net Assets
Energy - 1.2%
Oil & Gas Exploration & Production- 1.2%
49,300 Apache Corp., Series B, 5.68% $ 5,054,793
Total Energy $ 5,054,793
Banks - 9.8%
Diversified Banks - 2.8%
94,000 Bank of America Corp., Series VI, 6.75% $ 4,998,920
27,000 Fleet Capital Trust VII, 7.2% 679,552
200,000 Royal Bank of Scotland Group Plc, Series L, 5.75% 4,948,000
55,000 Wachovia Preferred Funding Corp., Series A, 7.25% 1,582,900
$ 12,209,372
Regional Banks - 0.8%
30,000 Bank One Capital V, 8.0% 759,125
105,000 Bank One Capital VI, 7.2% 2,681,740
$ 3,440,865
Thrifts & Mortgage Finance - 6.2%
21,500 Countrywide Capital IV, 6.75% $ 554,229
201,000 Fannie Mae, Series L, 5.125% 9,165,600
114,000 Fannie Mae, Series M, 4.75% 4,845,000
100,000 Fannie Mae, Series N, 5.5% 4,785,000
57,000 Freddie Mac, 5.81% 3,010,170
39,000 Freddie Mac, Series F, 5.0% 1,755,000
58,000 Freddie Mac, Series K, 5.79% 2,934,800
$ 27,049,799
Total Banks $ 42,700,036
Diversified Financials - 6.4%
Other Diversified Financial Services - 2.5%
55,000 Citigroup Inc., Series G, 6.213% $ 2,838,000
81,500 Citigroup Inc., Series M, 5.864% 4,197,250
150,000 JP Morgan Chase Capital Trust XVI, 6.35% 3,814,500
$ 10,849,750
Consumer Finance - 0.7%
18,000 MBNA Capital, Series D, 8.125% $ 475,679
50,000 SLM Holding Corp., Series A, 6.97% 2,792,500
$ 3,268,179
Investment Banking & Brokerage - 3.2%
57,000 Bear Stearns Companies, Inc., Series F, 5.72% $ 2,941,200
40,000 Bear Stearns Companies, Inc., Series G, 5.49% 2,020,000
100,000 Lehman Brothers Holdings, Inc., 6.5% 2,624,000
19,000 Lehman Brothers Holdings, Inc., Series C, 5.94% 983,250
30,000 Lehman Brothers Holdings, Inc., Series D, 5.67% 1,507,500
65,000 Merrill Lynch Preferred Capital Trust IV, 7.12% 1,703,072
87,000 Merrill Lynch Preferred Capital Trust V, 7.28% 2,290,162
$ 14,069,184
Total Diversified Financials $ 28,187,113
Insurance - 3.9%
Life & Health Insurance - 0.3%
50,000 Scottish Re Group Ltd., 7.25% $ 1,266,500
Property & Casualty Insurance - 2.7%
110,000 ACE Ltd., Series C, 7.8% $ 2,935,900
161,000 Berkley W.R. Capital Trust II, 6.75% 4,035,252
70,000 St. Paul Capital Trust I, 7.6% 1,794,556
109,000 XL Capital, Ltd., Series B, 7.625% 2,864,520
$ 11,630,228
Reinsurance - 0.9%
170,500 RenaissanceRe Holdings, Ltd., Series C, 6.08% $ 4,092,000
Total Insurance $ 16,988,728
Real Estate - 3.9%
Real Estate Investment Trusts - 3.2%
15,000 Brandywine Realty Trust, Series C, 7.5% $ 382,500
34,500 Brandywine Realty Trust, Series D, 7.375% 881,475
27,000 Equity Office Properties Trust, Series G, 7.75% 710,370
92,000 Home Properties New York, Inc., Series F, 9.0% 2,484,000
40,000 Prologis Trust, Series G, 6.75% 1,020,000
128,000 PS Business Parks, Inc., Series H, 7.0% 3,206,400
32,440 PS Business Parks, Inc., Series I, 6.875% 798,024
35,480 Public Storage, Inc., Series T, 7.625% 929,576
44,400 Regency Centers Corp., 6.7% 1,105,560
94,000 Regency Centers Corp., Series C, 7.45% 2,411,100
$ 13,929,005
Real Estate Management & Development - 0.7%
124,000 Public Storage, Inc., Series F, 6.45% $ 3,081,400
Total Real Estate $ 17,010,405
Utilities - 3.9%
Electric Utilities - 3.5%
98,000 Alabama Power Co., 5.3% $ 2,440,817
113,000 Alabama Power Co., 5.83% 2,971,900
80,000 Energy East Capital Trust I, 8.25% 2,053,510
78,000 Interstate Power and Light Co., Series B, 8.375% 2,574,000
40,000 Mississippi Power Co., 5.25% 1,006,252
7,700 PPL Electric Utilities Corp., 4.5% 641,025
73,000 Southern California Edison Co., 4.32% 1,419,850
94,000 Virginia Power Capital Trust II, 7.375% 2,441,130
$ 15,548,484
Gas Utilities - 0.4%
62,000 Southern Union Co., Series C, 7.55% $ 1,680,200
Total Utilities $ 17,228,684
TOTAL NON-CONVERTIBLE PREFERRED STOCKS
(Cost $128,307,783) $ 127,169,759
CONVERTIBLE PREFERRED STOCKS - 1.9% of Net Assets
Capital Goods - 0.4%
Aerospace & Defense - 0.4%
15,000 Northrop Grumman Corp., 7.0% $ 1,875,000
Total Capital Goods $ 1,875,000
Diversified Financials - 1.0%
Other Diversified Financial Services - 1.0%
161,000 Lazard Ltd., 6.625% $ 4,128,040
Total Diversified Financials $ 4,128,040
Utilities - 0.5%
Multi-Utilities - 0.5%
39,000 Dominion Resources, Inc., 8.75% $ 2,126,670
Total Utilities $ 2,126,670
TOTAL CONVERTIBLE PREFERRED STOCKS
(Cost $8,083,510) $ 8,129,710
TAX-EXEMPT MONEY MARKET MUTUAL FUND - 0.0% of Net Assets
104,112 BlackRock Provident Institutional Municipal Fund $ 104,112
TOTAL TAX-EXEMPT MONEY MARKET MUTUAL FUND
(Cost $104,112) $ 104,112
TOTAL INVESTMENTS IN SECURITIES - 138.5%
(Cost $578,412,192) (e) $ 605,231,430
OTHER ASSETS AND LIABILITIES - 1.8% $ 7,889,258
PREFERRED SHARES AT REDEMPTION VALUE - (40.3)% $ (176,250,000)
NET ASSETS APPLICABLE TO COMMON SHAREOWNERS - 100.0 $ 436,870,688
NR Security not rated by S&P or Moody's.
+ Prefunded bonds have been collateralized by U.S. Treasury securities
which are held in
escrow to pay interest and principal on the tax exempt issue and to
retire the bonds in full
at the earliest refunding date.
(a) Securty is in default and is non-income producing.
(b) The interest rate is subject to change periodically and inversely based
upon prevailing
market rates The interest rate shown is the rate at August 31, 2005.
(c) Indicates a security that has a zero coupon that remains in effect
until a predetermined date at
which time the stated coupon rate becomes effective until final
maturity.
(e) At August 31, 2005, the net unrealized gain on investments based on
cost for federal income
tax purposes of $578,251,938 was as follows:
Aggregate gross unrealized gain for all investments in which there is
an excess of
value over tax cost $ 35,397,622
Aggregate gross unrealized loss for all investments in which there is
an excess of
tax cost over value (8,418,130)
Net unrealized gain $ 26,979,492
For financial reporting purposes net unrealized gain on investments was
$26,819,238
and cost of investments aggregated $578,412,192.
ITEM 2. CONTROLS AND PROCEDURES.
(a) Disclose the conclusions of the registrant's principal executive officer or
officers and principal financial officer or officers, or persons performing
similar functions, about the effectiveness of the registrant's disclosure
controls and procedures (as defined in Rule 30a-3(c) under the Act (17 CFR
270.30a-3(c))) as of a date within 90 days of the filing date of the report
that includes the disclosure required by this paragraph, based on their
evaluation of these controls and procedures required by Rule 30a-3(b)
under the Act (17 CFR270.30a-3(b))) and Rule 13a-15(b) or 15d-15(b)
under the Exchange Act (17 CFR240.13a-15(b) or 240.15d-15(b)).
The registrant's certifying officers have determined that the registrant's
disclosure controls and procedures are effective based on an evaluation of
these controls and procedures as of a date within 90 days prior to the filing
date of this report.
(b) Disclose any change in the registrant's internal controls over financial
reporting (as defined in Rule 30a-3(d) under the Act (17 CFR270.30a-3(d))
that occurred during the registrant's last fiscal quarter that has materially
affected, or is reasonably likely to materially affect, the registrant's
internal control over financial reporting.
There was no significant change in the registrant's internal controls over
financial reporting that occurred during the registrant's last fiscal quarter
that has materially affected, or is reasonably likely to materially affect,
the registrant's internal control over financial reporting.
ITEM 3. EXHIBITS.
(a) A separate certification for each principal executive officer and principal
financial officer of the registrant as required by Rule 30a-2 under the Act
(17 CFR 270.30a-2).
Filed herewith.
SIGNATURES
[See General Instruction F]
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) Pioneer Value Fund
By (Signature and Title)* /s/ John F. Cogan, Jr.
John F. Cogan, Jr, President
Date October 31, 2005
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.
By (Signature and Title)* /s/ John F. Cogan, Jr.
John F. Cogan, Jr., President
Date October 31, 2005
By (Signature and Title)* /s/ Vincent Nave
Vincent Nave, Treasurer
Date October 31, 2005
* Print the name and title of each signing officer under his or her signature.