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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, 2004
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 8/31/04 (unaudited)
Principal S&P/Moody's
Amount Ratings Value
TAX EXEMPT OBLIGATIONS - 77.5% OF NET ASSETS
Alabama - 4.0%
$ 10,990,AAA/Aaa Birmingham Waterworks & Sewer Revenue, 5.0%, 1/1/43 $ 11,093,636
5,000,NR/A2 Huntsville Health Care Authority Revenue, 5.75%, 6/1/32 5,187,350
$ 16,280,986
Arizona - 2.8%
10,285,B-/Ca Gila County Industrial Development Authority Revenue, 5.55%, 1/1/27 $ 8,363,762
1,000NR/Baa3 Pima County Industrial Development Authority, 6.375%, 7/1/31 1,003,570
1,000NR/Baa3 Pima County Industrial Development Authority, 6.75%, 7/1/31 1,020,670
1,000NR/NR Pima County Industrial Development Authority, 7.5%, 7/1/34 1,018,900
$ 11,406,902
California - 0.7%
1,000BBB+/Baa1 California Health Facilities Authority Revenue, 5.25%, 7/1/23 $ 978,860
2,000,BBB/Baa3 Golden State Tobacco Securitization Corp., 6.75%, 6/1/39 1,866,220
$ 2,845,080
Connecticut - 1.7%
4,190BBB/A3 Connecticut State Development Authority Pollution Control Revenue, 5.$ 4,397,405
1,000AAA/Aaa Connecticut State Health & Educational Facilities Authority Revenue, 5. 1,053,950
1,500BBB-/NR Mohegan Tribe Indians Gaming Authority, 5.25%, 1/1/33 1,467,855
$ 6,919,210
District of Columbia - 0.9%
4,000,BBB/Baa3 District of Columbia Tobacco Settlement Financing Corp., 6.75%, 5/15/$ 3,697,680
Florida - 6.9%
5,000,A/A2 Highlands County Health Facilities Authority Revenue, 6.0%, 11/15/25 $ 5,350,450
10,980,AA-/Aa3 Jefferson Water & Sewer System Revenue, 5.0%, 10/1/41 11,008,438
1,14BB/NR Miami Beach Health Facilities Authority, 5.375%, 11/15/28 1,003,192
50BB/Ba2 Miami Beach Health Facilities Authority, 6.7%, 11/15/19 516,540
10,000,AAA/Aaa Miami-Dade County Aviation Revenue, 5.0%, 10/1/37 10,138,000
$ 28,016,620
Georgia - 2.9%
9,735,AAA/Aaa Georgia State General Obligation, 2.0%, 12/1/23 $ 6,467,253
2,500,BBB/NR Milledgeville-Baldwin County Development Authority Revenue, 5.5%, 9/1/2 2,577,600
2,500,BBB/NR Milledgeville-Baldwin County Development Authority Revenue, 5.625%, 9/1 2,562,525
$ 11,607,378
Illinois - 5.2%
3,000,AAA/Aaa Chicago Illinois General Obligation, 5.0%, 1/1/28 $ 3,055,830
4,580,A-/Baa1 Illinois Development Finance Authority Revenue, 5.25%, 10/1/24 4,717,171
5,000,AA+/Aa1 Illinois Educational Facilities Authority Revenue, 5.0%, 12/1/38 5,043,850
2,000,AA+/Aa2 Illinois Finance Authority Revenue, 5.5%, 8/15/43 2,047,360
5,095,NR/A1 Illinois Health Facilities Authority Revenue, 5.75%, 7/1/15 5,469,330
1,13CC/Caa1 Illinois Health Facilities Authority Revenue, 6.375%, 1/1/15 739,280
$ 21,072,821
Indiana - 1.3%
5,100AAA/Aaa Indiana Transportation Finance Authority Highway Revenue, 5.0%, 6/1/2$ 5,194,809
Louisiana - 0.9%
4,335,BBB/Baa3 Tobacco Settlement Financing Corp., 5.875%, 5/15/39 $ 3,643,307
Maryland - 0.7%
3,000,A/A3 Maryland State Health & Higher Educational Facilities Authority Reven$ 3,020,310
Massachusetts - 4.0%
1,225NR/Aaa Auburn Massachusetts General Obligation, 5.125%, 6/1/20 $ 1,330,338
1,280NR/Aaa Auburn Massachusetts General Obligation, 5.125%, 6/1/21 1,380,544
1,020AAA/Aaa Littleton Massachusetts General Obligation, 5.0%, 1/15/20 1,094,715
2,000,AA+/Aa1 Massachusetts Health & Educational Facilities Authority Revenue, 5.0%, 2,032,720
1,550BBB-/Baa2 Massachusetts Health & Educational Facilities Authority Revenue, 5.25%, 1,435,812
1,600BBB+/NR Massachusetts Health & Educational Facilities Authority Revenue, 5.45%, 1,617,472
2,120BBB/Baa3 Massachusetts Health & Educational Facilities Authority Revenue, 5.625% 2,141,730
90BBB/Baa3 Massachusetts Health & Educational Facilities Authority Revenue, 6.25%, 941,841
1,10BBB/Baa2 Massachusetts State Development Finance Agency, 5.625%, 10/1/24 1,136,707
1,000BBB/Baa2 Massachusetts State Development Finance Agency, 5.7%, 10/1/34 1,025,700
2,000,AAA/Aaa University of Massachusetts Building Authority Project Revenue, 5.25%, 2,102,840
$ 16,240,419
Michigan - 1.9%
5,000,BBB-/NR Macomb County Hospital Finance Authority Revenue, 5.875%, 11/15/34 $ 4,694,750
2,000,A/A2 Michigan State Hospital Finance Authority Revenue, 5.5%, 11/1/15 2,159,980
1,025BB/Ba1 Pontiac Hospital Finance Authority Revenue, 6.0%, 8/1/07 1,012,044
$ 7,866,774
Pioneer Tax Advantaged Balanced Trust
SCHEDULE OF INVESTMENTS 8/31/04 (unaudited) (continued)
S&P/
Principal Moody's
Amount Ratings Value
Minnesota - 1.1%
$ 2,000,00A-/NR Duluth Economic Development Authority Health Care Facilities Revenue,$ 2,007,200
2,500,A-/NR Duluth Economic Development Authority Health Care Facilities Revenue, 5 2,481,675
$ 4,488,875
Missouri - 0.4%
1,720AA/ Baa2 Missouri State Health & Educational Authority Health Facilities Reven$ 1,751,338
Montana - 0.3%
1,350NR/A3 Montana Finance Authority Hospital Facilities Revenue, 5.0%, 6/1/24 $ 1,328,265
Nevada - 3.2%
3,000,B-/NR Clark County Industrial Development Revenue, 5.5%, 10/1/30 $ 2,618,520
1,500BBB+/Baa1 Henderson Nevada Health Care Facilities Revenue, 5.625%, 7/1/24 1,513,965
9,000,BB/Ba2 Washoe County Water Facility Revenue, 5.0%, 3/1/36 9,026,280
$ 13,158,765
New Hampshire - 0.7%
2,000,NR/NR New Hampshire Business Finance Authority Revenue, 6.05%, 9/1/29 $ 1,861,360
1,000A+/A2 New Hampshire Health & Education Facilities Authority Revenue, 5.75%, 1 1,043,980
$ 2,905,340
New Jersey - 3.4%
1,250BBB/Baa3 Camden County Improvement Authority Revenue, 5.75%, 2/15/34 $ 1,256,538
1,500BB/Ba2 New Jersey Health Care Facilities Financing Authority Revenue, 5.125%, 1,355,265
5,000,BBB/Baa1 New Jersey Health Care Facilities Financing Authority Revenue, 5.375%, 5,015,300
3,500,NR/NR New Jersey Health Care Facilities Financing Authority Revenue, 7.25%, 7 3,660,125
3,000,BBB/Baa3 Tobacco Settlement Financing Corp., 6.25%, 6/1/43 2,566,920
$ 13,854,148
New Mexico - 0.6%
1,000AA/NR Dona Ana County PILT Revenue, 5.25%, 12/1/25 $ 1,028,670
1,500NR/A3 Farmington New Mexico Hospital Revenue, 5.0%, 6/1/23 1,476,570
$ 2,505,240
New York - 5.2%
2,000,NR/NR Dutchess County Industrial Development Agency Revenue, 7.5%, 3/1/29 $ 1,973,760
1,000NR/Aa2 New York City Industrial Development Agency, 5.0%, 7/1/27 1,020,970
1,000NR/Aa2 New York City Industrial Development Agency, 5.25%, 7/1/24 1,068,020
8,82(aAA+/Aa2 New York City Transitional Finance Authority Revenue, 0.0%, 11/1/29 6,748,711
5,000,AA-/A1 Port Authority of New York & New Jersey Revenue, 5.0%, 9/1/38 5,054,850
4,900,AAA/Aaa Triborough Bridge & Tunnel Authority, 5.25%, 11/15/30 5,128,977
$ 20,995,288
North Carolina - 2.0%
5,000,AA+/Aa1 North Carolina Capital Facilities Finance Agency Revenue, 5.125%, 7/1$ 5,078,450
1,000AA/NR North Carolina Capital Facilities Finance Agency Student Revenue, 5.0%, 1,003,980
1,000AA/NR North Carolina Capital Facilities Finance Agency Student Revenue, 5.0%, 996,350
1,000NR/NR North Carolina Medical Care Commission Health Care Facilities Revenue, 991,410
$ 8,070,190
Ohio - 1.4%
2,000,B-/Caa2 Cleveland Airport Special Revenue, 5.7%, 12/1/19 $ 1,405,280
3,000,AAA/Aaa Columbus City School District, 5.0%, 12/1/32 3,060,330
1,000AAA/Aaa Hamilton County Hospital Facilities Revenue, 5.125%, 5/15/28 1,028,190
$ 5,493,800
Oregon - 0.7%
2,935,NR/Aa2 Oregon State Housing & Community Services Department Multi-Family Rev$ 3,031,444
Pennsylvania - 2.6%
5,000,AAA/Aaa Pennsylvania State Turnpike Commission Oil Franchise Tax Revenue, 5.0$ 5,099,850
3,000,A-/NR Sayre Health Care Facilities Authority Revenue, 5.875%, 12/1/31 3,099,630
2,165AA+/Aa1 Swarthmore Borough Authority College Revenue, 5.0%, 9/15/31 2,190,569
$ 10,390,049
Puerto Rico - 4.7%
8,000,A/Baa1 Puerto Rico Commonwealth Highway & Transportation Authority Revenue, $ 8,088,800
5,000,A-/Baa1 Puerto Rico Public Buildings Authority Revenue, 5.25%, 7/1/33 5,166,450
5,000,BBB+/Baa2 Puerto Rico Public Finance Corp., 5.75%, 8/1/27 5,636,550
$ 18,891,800
Rhode Island - 1.0%
1,545BBB/Baa3 Tobacco Settlement Financing Corp., 6.125%, 6/1/32 $ 1,354,841
3,100BBB/Baa3 Tobacco Settlement Financing Corp., 6.25%, 6/1/42 2,666,031
$ 4,020,872
South Carolina - 5.5%
6,000,A-/A3 Berkeley County School District Installment Lease, 5.0%, 12/1/28 $ 5,993,700
5,000,AAA/Aaa Florence County Hospital Revenue, 5.25%, 11/1/34 5,183,900
3,500,A/A2 Lexington County Health Services District, Inc., Hospital Revenue, 5.5% 3,565,310
2,500,A-/A3 South Carolina Jobs Economic Development Authority Revenue, 5.5%, 11/15 2,526,075
5,000,A-/A3 South Carolina Jobs Economic Development Authority Revenue, 5.625%, 11/ 5,053,850
$ 22,322,835
Pioneer Tax Advantaged Balanced Trust
SCHEDULE OF INVESTMENTS 8/31/04 (unaudited) (continued)
S&P/
Principal Moody's
Amount Ratings Value
Tennessee - 0.6%
$ 2,500,00NR/Baa3 Knox County Health Educational & Housing Facilities Board Hospital Re$ 2,387,400
Texas - 2.1%
2,750,AAA/Aaa Lower Colorado River Authority, 5.0%, 5/15/31 $ 2,779,590
3,000,BBB/Baa2 Richardson Hospital Authority, 6.0%, 12/1/34 3,071,910
1,000BBB-/NR Seguin Higher Education Facilities Corporation Revenue, 5.0%, 9/1/23 974,860
1,500NR/Baa3 Texas State Student Housing Revenue, 6.5%, 9/1/34 1,584,540
$ 8,410,900
Vermont - 0.3%
1,295AA/Aa3 Vermont Educational & Health Buildings Financing Agency Revenue, 5.0%$ 1,325,225
Virginia - 1.4%
1,500NR/A3 Prince William County Industrial Development Hospital Revenue, 5.2%, $ 1,515,300
3,925,NR/A3 Prince William County Industrial Development Hospital Revenue, 5.35%, 1 3,991,489
$ 5,506,789
Washington - 5.5%
8,000,AAA/Aaa King County Washington Sewer Revenue, 5.0%, 1/1/35 $ 8,096,320
3,000,AAA/Aaa Spokane County General Obligation, 5.0%, 12/1/33 3,037,950
7,000,BBB/Baa3 Tobacco Settlement Authority Revenue, 6.625%, 6/1/32 6,401,640
9,805,AAA/Aaa Washington State General Obligation, 0.0%, 12/1/19 4,753,758
$ 22,289,668
Wisconsin - 0.9%
3,500,BBB+/NR Wisconsin State Health & Educational Facilities Authority Revenue, 5.$ 3,454,010
TOTAL TAX-EXEMPT OBLIGATIONS
(Cost $309,286,571) (b) $ 314,394,537
Shares
COMMON STOCKS - 35.7% OF NET ASSETS
Energy - 1.2%
Oil & Gas - 1.2%
25,000 ChevronTexaco Corp. $ 2,437,500
45,000 Kerr-McGee Corp. 2,375,100
Total Energy $ 4,812,600
Materials - 2.4%
Chemicals - 2.0%
83,000 Eastman Chemical Co. $ 3,861,990
192,045 Lyondell Chemical Co. 3,781,366
10,200 PPG Industries, Inc. 609,654
$ 8,253,010
Construction Materials - 0.0%
3,950 Monarch Cement Co. $ 85,912
Metals & Mining - 0.4%
39,800 Freeport-McMoRan Copper & Gold, Inc. $ 1,497,674
200 Worthington Industries, Inc. 4,070
$ 1,501,744
Total Materials $ 9,840,666
Industrials - 0.6%
Commercial Services & Supplies - 0.6%
39,600 R.R. Donnelley & Sons Co. $ 1,216,908
100,000 ServiceMaster Co. 1,243,000
Total Industrials $ 2,459,908
Capital Goods - 2.0%
Automobiles - 0.8%
80,000 General Motors Corp. $ 3,304,800
Household Durables - 1.2%
50,000 Bassett Furniture Industries, Inc. $ 940,000
48,386 Kimball International, Inc. 658,050
33,700 Knape & Vogt Manufacturing Co. 434,056
166,444 Tupperware Corp. 2,841,199
$ 4,873,305
Total Capital Goods $ 8,178,105
Pioneer Tax Advantaged Balanced Trust
SCHEDULE OF INVESTMENTS 8/31/04 (unaudited) (continued)
Shares Value
Food, Beverage & Tobacco - 3.6%
Food & Staples Retailing - 0.3%
70,000 Lance, Inc. $ 1,067,500
Food Retail - 0.5%
78,100 ConAgra Foods, Inc. $ 2,046,220
Tobacco - 2.8%
76,000 Altria Group, Inc. $ 3,720,200
115,000 Loews Corp. - Carolina Group 2,838,200
33,000 Reynolds American, .Inc. 2,491,500
56,000 UST, Inc. 2,246,720
$ 11,296,620
Total Food, Beverage & Tobacco $ 14,410,340
Health Care - 2.8%
Pharmaceuticals - 2.8%
281,215 Bristol-Myers Squibb Co. $ 6,673,232
108,268 Merck & Co., Inc. 4,868,812
Total Health Care $ 11,542,044
Financials - 6.4%
Commercial Banks - 5.9%
182,800 Bank of America Corp. $ 8,222,344
78,200 FirstMerit Corp. 2,059,788
163,100 KeyCorp 5,113,185
90,000 National City Corp. 3,401,100
67,800 Regions Financial Corp. 2,189,262
222,700 TrustCo Bank Corp., NY 2,895,100
$ 23,880,779
Thrifts & Mortgage Finance - 0.5%
50,000 Washington Mutual, Inc. $ 1,941,500
Total Financials $ 25,822,279
Telecommunication Services - 2.6%
Diversified Telecommunication Services - 2.6%
257,900 AT&T Corp. $ 3,811,762
260,000 SBC Communications, Inc. 6,705,400
Total Telecommunication Services $ 10,517,162
Utilities - 14.1%
Electric Utilities - 11.4%
137,135 Ameren Corp. $ 6,416,547
220,000 Cinergy Corp. 8,905,600
200,000 Consolidated Edison, Inc. 8,440,000
214,097 DTE Energy Co. 8,846,488
138,400 Empire District Electric Co. 2,824,744
74,383 Great Plains Energy, Inc. 2,243,391
67,056 NSTAR 3,272,333
179,000 Southern Co. 5,432,650
$ 46,381,753
Gas Utilities - 1.1%
112,249 KeySpan Corp. $ 4,276,687
Multi-Utilities - 1.6%
303,253 Duke Energy Corp. $ 6,714,021
Total Utilities $ 57,372,461
TOTAL COMMON STOCKS
(Cost $144,473,656) $ 144,955,565
Pioneer Tax Advantaged Balanced Trust
SCHEDULE OF INVESTMENTS 8/31/04 (unaudited) (continued)
Shares Value
NON-CONVERTIBLE PREFERRED STOCKS - 22.6% OF NET ASSETS
Energy - 1.2%
Oil & Gas - 1.2%
49,300 Apache Corp., Series B, 5.68% $ 4,993,168
Total Energy $ 4,993,168
Financials - 18.4%
Commercial Banks - 2.8%
94,000 Bank of America Corp., Series VI, 6.75% $ 5,029,000
200,000 Royal Bank of Scotland Group Plc, Series B, 5.75% 4,766,000
55,000 Wachovia Preferred Funding Corp., Series A, 7.25% 1,522,400
$ 11,317,400
Thrifts & Mortgage Finance - 6.5%
201,000 Fannie Mae, Series L, 5.125% $ 9,055,050
114,000 Fannie Mae, Series M, 4.75% 4,816,500
100,000 Fannie Mae, Series N, 5.5% 4,835,000
57,000 Freddie Mac, 5.81% 2,935,500
39,000 Freddie Mac, Series F, 5.0% 1,696,500
58,000 Freddie Mac, Series K, 5.79% 2,943,500
$ 26,282,050
Diversified Financial Services - 1.7%
55,000 Citigroup Inc., Series G, 6.213% $ 2,900,700
81,500 Citigroup Inc., Series M, 5.864% 4,123,900
$ 7,024,600
Consumer Finance - 0.7%
50,000 SLM Holding Corp., Series A, 6.97% $ 2,807,500
Capital Markets - 2.4%
57,000 Bear Stearns Companies, Inc., Series F, 5.72% $ 2,861,400
40,000 Bear Stearns Companies, Inc., Series G, 5.49% 1,880,000
100,000 Lehman Brothers Holdings, Inc., 6.5% 2,603,000
19,000 Lehman Brothers Holdings, Inc., Series C, 5.94% 935,750
30,000 Lehman Brothers Holdings, Inc., Series D, 5.67% 1,476,000
$ 9,756,150
Insurance - 1.9%
110,000 ACE Ltd., Series C, 7.8% $ 2,956,800
70,000 RenaissanceRe Holdings, Ltd., Series C, 6.08% 1,648,500
109,000 XL Capital, Ltd., Series B, 7.625% 2,970,250
$ 7,575,550
Real Estate - 2.4%
27,000 Equity Office Properties Trust, Series G, 7.75% $ 723,060
92,000 Home Properties New York, Inc., Series F, 9.0% 2,603,600
40,000 Prologis Trust, Series G, 6.75% 992,000
60,000 PS Business Parks, Inc., Series H, 7.0% 1,464,000
22,000 PS Business Parks, Inc., Series I, 6.875% 522,060
35,480 Public Storage, Inc., Series T, 7.625% 938,446
94,000 Regency Centers Corp., Series C, 7.45% 2,406,400
$ 9,649,566
Total Financials $ 74,412,816
Utilities - 3.0%
Electric Utilities - 2.6%
98,000 Alabama Power Co., 5.3% $ 2,376,500
113,000 Alabama Power Co., 5.83% 2,813,700
78,000 Interstate Power and Light Co., Series B, 8.375% 2,457,000
40,000 Mississippi Power Co., 5.25% 962,500
7,700 PPL Electric Utilities Corp., 4.5% 589,050
72,000 Southern California Edison Co., 4.32% 1,306,800
$ 10,505,550
Gas Utilities - 0.4%
62,000 Southern Union Co., Series C, 7.55% $ 1,695,080
Total Utilities $ 12,200,630
TOTAL NON-CONVERTIBLE PREFERRED STOCKS
(Cost $93,972,462) $ 91,606,614
Pioneer Tax Advantaged Balanced Trust
SCHEDULE OF INVESTMENTS 8/31/04 (unaudited) (continued)
Shares Value
CONVERTIBLE PREFERRED STOCKS - 6.0% OF NET ASSETS
Financials - 2.7%
Commercial Banks - 1.0%
30,000 Bank One Capital V, 8.0% $ 803,525
105,000 Bank One Capital VI, 7.2% 2,758,911
27,000 Fleet Capital Trust VII, 7.2% 708,720
$ 4,271,156
Thrifts & Mortgage Finance - 0.1%
12,000 Countrywide Capital IV, 6.75% $ 302,423
Consumer Finance - 0.1%
18,000 MBNA Capital, Series D, 8.125% $ 483,321
Capital Markets - 1.0%
65,000 Merrill Lynch Preferred Capital Trust IV, 7.12% $ 1,719,312
87,000 Merrill Lynch Preferred Capital Trust V, 7.28% 2,311,029
$ 4,030,341
Insurance - 0.5%
70,000 St. Paul Capital Trust I, 7.6% $ 1,827,123
Total Financials $ 10,914,364
Industrials - 0.5%
Aerospace & Defense - 0.5%
15,000 Northrop Grumman Corp., 7.0% $ 1,933,500
Total Industrials $ 1,933,500
Telecommunication Services - 1.5%
Diversified Telecommunication Services - 1.5%
60,000 Alltel Corp., 7.75% $ 3,081,000
126,000 CenturyTel, Inc., 6.875% 3,221,820
Total Telecommunication Services $ 6,302,820
Utilities - 1.3%
Electric Utilities - 1.3%
31,000 DTE Energy Co., 8.75% $ 778,100
80,000 Energy East Capital Trust I, 8.25% 2,108,297
94,000 Virginia Power Capital Trust II, 7.375% 2,493,770
Total Utilities $ 5,380,167
TOTAL CONVERTIBLE PREFERRED STOCKS
(Cost $24,020,412) $ 24,530,851
TAX-EXEMPT MONEY MARKET MUTUAL FUND - 0.2% OF NET ASSETS
733,064 BlackRock Provident Institutional Municipal Fund $ 733,064
TOTAL TAX-EXEMPT MONEY MARKET MUTUAL FUND
(Cost $733,064) $ 733,064
TOTAL INVESTMENTS IN SECURITIES - 142.0%
(Cost $572,486,165) (c) $ 576,220,631
OTHER ASSETS AND LIABILITIES 1.4% $ 5,835,693
PREFERRED SHARES AT REDEMPTION VALUE INCLUDING
DIVIDENDS PAYABLE - (43.5)% $ (176,329,971)
NET ASSETS APPLICABLE TO COMMON SHAREOWNERS - 100.0% $ 405,726,353
NR Security not rated by S&P or Moody's.
(a) Indicates a security that has a zero coupon that remains in effect until a predetermined date at which time the stat
coupon rate becomes effective until final maturity.
(b) The concentration of tax-exempt investments by type of obligation/market sector is as follows:
Insured 25.7%
General Obligation 2.1
Revenue Bonds:
Health Revenue 28.5
Development Revenue 8.6
Tobacco Revenue 7.1
Education Revenue 6.3
Other 4.3
Transportation Revenue 4.2
Utilities Revenue 3.5
Water Revenue 2.9
School District Revenue 1.9
Facilities Revenue 1.6
Pollution Revenue 1.4
Housing Revenue 1.0
Gaming Revenue 0.5
Airport Revenue 0.4
100.0%
Pioneer Tax Advantaged Balanced Trust
SCHEDULE OF INVESTMENTS 8/31/04 (unaudited) (continued)
(c) At August 31, 2004, the net unrealized loss on investments based on cost for federal income tax purposes
of $572,460,924 was as follows:
Aggregate gross unrealized gain for all investments in which there is an excess of$ 13,647,455
Aggregate gross unrealized loss for all investments in which there is an excess of t (9,887,748)
Net unrealized loss $ 3,759,707
For financial reporting purposes net unrealized gain on investments was $3,734,466 and cost of
investments aggregated $572,486,165.
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 have 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 Tax Advantaged Balanced Trust
By (Signature and Title)* /s/ John F. Cogan, Jr.
John F. Cogan, Jr, President
Date October 29, 2004
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 29, 2004
By (Signature and Title)* /s/ Vincent Nave
Vincent Nave, Treasurer
Date October 29, 2004
* Print the name and title of each signing officer under his or her signature.