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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, 2007
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 8/31/07 (unaudited)
Principal
Amount Value
TAX EXEMPT OBLIGATIONS - 73.5% of Net Assets
Alabama - 1.4%
5,000,000 Huntsville-Redstone Village Special Care Facilities Fina$ 4,533,250
1,500,000 Sylacauga Health Care Authority Revenue, 6.0%, 8/1/35 1,495,875
$ 6,029,125
Arizona - 1.0%
1,000,000 Maricopa County Hospital Revenue, 5.0%, 4/1/35 $ 917,470
470,000 + Pima County Industrial Development Authority, 6.375%, 7/1 529,356
530,000 Pima County Industrial Development Authority, 6.375%, 7/1 544,978
989,000 Pima County Industrial Development Authority, 6.75%, 7/1/ 1,021,805
1,000,000 + Pima County Industrial Development Authority, 7.5%, 7/1/3 1,179,450
$ 4,193,059
California - 5.2%
1,000,000 California Health Facilities Authority Revenue, 5.25%, 7$ 1,016,560
9,000,000 Golden State Tobacco Securitization Corp., 5.125%, 6/1/47 7,958,970
4,000,000 + Golden State Tobacco Securitization Corp., 6.75%, 6/1/39 4,593,360
9,655,000 (aGolden State Tobacco Securitization Corp., RIB, 4.213%, 6 9,006,087
$ 22,574,977
Colorado - 0.6%
3,000,000 Colorado Educational & Cultural Facilities Authority Rev$ 2,788,890
Connecticut - 0.3%
1,500,000 Mohegan Tribe Indians Gaming Authority, 5.25%, 1/1/33 (1$ 1,411,890
District of Columbia - 0.9%
4,000,000 District of Columbia Tobacco Settlement Financing Corp.,$ 4,137,480
Florida - 5.0%
1,105,000 Highlands County Health Facilities Authority Revenue, 5.$ 1,102,392
5,000,000 + Highlands County Health Facilities Authority Revenue, 6.0 5,519,750
5,000,000 Lee County Industrial Development Authority Revenue, 5.25 4,601,100
2,000,000 Lee County Industrial Development Authority Revenue, 5.37 1,811,920
585,000 Madison County First Mortgage Revenue, 6.0%, 7/1/25 590,651
2,025,000 Miami Beach Health Facilities Authority, 5.375%, 11/15/28 1,932,437
500,000 Miami Beach Health Facilities Authority, 6.7%, 11/15/19 531,790
1,400,000 Orange County Health Facilities Authority Revenue, 5.5%, 1,316,994
3,970,000 (aTampa-Hillsborough County Expressway Authority Revenue, R 4,423,017
$ 21,830,051
Georgia - 4.3%
2,000,000 Burke County Development Authority Revenue, 4.75%, 5/1/3$ 1,973,080
9,580,000 (aGeorgia Municipal Electric Authority Power Revenue, RIB, 11,408,535
2,500,000 + Milledgeville-Baldwin County Development Authority Revenu 2,768,525
2,500,000 + Milledgeville-Baldwin County Development Authority Revenu 2,787,550
$ 18,937,690
Illinois - 3.9%
3,000,000 Chicago Illinois General Obligation, 5.0%, 1/1/28 $ 3,060,150
4,580,000 Illinois Development Finance Authority Revenue, 5.25%, 10 4,617,510
5,000,000 Illinois Educational Facilities Authority Revenue, 5.0%, 5,058,450
2,000,000 Illinois Finance Authority Revenue, 5.5%, 8/15/43 2,058,920
2,055,000 (aIllinois Finance Authority Revenue, RIB, 6.496%, 8/15/43 2,260,829
$ 17,055,859
Indiana - 3.6%
5,000,000 Indiana Health & Educational Facilites Financing Authori$ 4,764,100
4,135,000 Indiana State Development Finance Authority Revenue, 5.75 4,214,433
4,780,000 Vigo County Hospital Authority Revenue, 5.75%, 9/1/42 (14 4,486,938
2,570,000 Vigo County Hospital Authority Revenue, 5.8%, 9/1/47 (144 2,444,019
$ 15,909,490
Iowa - 0.9%
4,000,000 Iowa Financing Authority Senior Housing Revenue, 5.625%,$ 3,730,520
Kansas - 0.5%
750,000 Manhattan Health Care Facilitues Revenue, 5.125%, 5/15/3$ 643,702
2,000,000 Manhattan Health Care Facilitues Revenue, 5.125%, 5/15/42 1,694,700
$ 2,338,402
Louisiana - 3.0%
5,000,000 Louisiana Public Facilities Authority Revenue, 5.5%, 5/1$ 4,969,950
8,335,000 Tobacco Settlement Financing Corp., 5.875%, 5/15/39 8,304,411
$ 13,274,361
Maryland - 1.7%
3,000,000 Frederick County Educational Facilities Revenue, 5.625%,$ 3,068,010
1,000,000 Maryland State Economic Development Revenue, Series A, 5. 971,800
750,000 Maryland State Economic Development Revenue, Series B, 5. 728,850
1,000,000 Maryland State Economic Development Revenue, 5.0%, 12/1/3 882,260
2,000,000 Maryland State Health & Higher Educational Facilities Aut 1,981,140
$ 7,632,060
Massachusetts - 3.1%
2,000,000 Massachusetts Health & Educational Facilities Authority $ 2,020,020
1,550,000 Massachusetts Health & Educational Facilities Authority R 1,541,025
1,600,000 Massachusetts Health & Educational Facilities Authority R 1,606,192
2,120,000 Massachusetts Health & Educational Facilities Authority R 2,132,911
900,000 Massachusetts Health & Educational Facilities Authority R 936,396
2,750,000 Massachusetts Health & Educational Facilities Authority R 2,881,917
500,000 Massachusetts State Development Finance Agency, 5.5%, 1/1 480,840
1,100,000 Massachusetts State Development Finance Agency, 5.625%, 1 1,136,564
1,000,000 Massachusetts State Development Finance Agency, 5.7%, 10/ 1,027,710
$ 13,763,575
Michigan - 2.8%
5,000,000 Macomb County Hospital Finance Authority Revenue, 5.875%$ 4,838,150
1,595,000 Meridian Economic Development Corporate Ltd. Obligation R 1,459,297
3,340,000 Michigan Public Educational Facilities Authority Revenue, 3,167,890
2,000,000 Michigan State Hospital Finance Authority Revenue, 5.25%, 1,898,680
1,000,000 Michigan State Hospital Finance Authority Revenue, 5.5%, 947,880
$ 12,311,897
Minnesota - 1.3%
2,000,000 Duluth Economic Development Authority Health Care Facili$ 2,010,820
1,500,000 Duluth Economic Development Authority Health Care Facilit 1,502,400
1,000,000 North Oaks Senior Housing Revenue, 6.0%, 10/1/33 1,003,320
1,000,000 North Oaks Senior Housing Revenue, 6.5%, 10/1/47 1,021,790
$ 5,538,330
Missouri - 0.4%
1,720,000 Missouri State Health & Educational Authority Health Fac$ 1,694,183
Montana - 0.2%
1,000,000 Montana Finance Authority Hospital Facilities Revenue, 5$ 1,007,330
Nebraska - 1.2%
4,980,000 (aNebraska Public Power District Revenue, RIB, 4.881%, 1/1$ 5,179,997
Nevada - 0.4%
1,500,000 Henderson Nevada Health Care Facilities Revenue, 5.625%,$ 1,545,720
New Hampshire - 0.6%
1,700,000 + New Hampshire Business Finance Authority Revenue, 6.05%,$ 1,766,079
1,000,000 New Hampshire Health & Education Facilities Authority Rev 1,031,780
$ 2,797,859
New Jersey - 5.4%
1,250,000 Camden County Improvement Authority Revenue, 5.75%, 2/15$ 1,266,388
5,920,000 (aGarden State Preservation Trust, RIB, 7.439%, 11/1/22 (14 8,078,610
710,000 New Jersey Economic Development Authority Revenue, 5.75%, 704,554
1,000,000 New Jersey Economic Development Authority Revenue, 5.875% 977,220
1,000,000 New Jersey Health Care Facilities Financing Authority Rev 953,600
5,000,000 New Jersey Health Care Facilities Financing Authority Rev 4,961,650
3,500,000 New Jersey Health Care Facilities Financing Authority Rev 3,568,635
3,000,000 + Tobacco Settlement Financing Corp., 6.25%, 6/1/43 3,368,010
$ 23,878,667
New Mexico - 0.6%
1,000,000 Dona Ana County PILT Revenue, 5.25%, 12/1/25 $ 995,270
1,500,000 Farmington New Mexico Hospital Revenue, 5.0%, 6/1/23 1,493,415
$ 2,488,685
New York - 3.5%
2,000,000 Dutchess County Industrial Development Agency Revenue, 7$ 2,163,400
1,000,000 New York City Industrial Development Agency, 5.0%, 7/1/27 1,023,750
1,000,000 New York City Industrial Development Agency, 5.25%, 7/1/2 1,047,230
5,000,000 Port Authority of New York & New Jersey Revenue, 5.0%, 9/ 5,069,100
1,000,000 Suffolk County Industrial Development Agency Civic Facili 908,330
4,900,000 Triborough Bridge & Tunnel Authority, 5.25%, 11/15/30 5,085,955
$ 15,297,765
North Carolina - 0.7%
1,000,000 North Carolina Capital Facilities Finance Agency Student$ 961,090
1,000,000 North Carolina Capital Facilities Finance Agency Student 935,300
1,000,000 North Carolina Medical Care Commission Health Care Facili 968,680
$ 2,865,070
Ohio - 1.0%
3,000,000 + Columbus City School District, 5.0%, 12/1/32 $ 3,220,200
1,000,000 Hamilton County Hospital Facilities Revenue, 5.125%, 5/15 1,018,370
$ 4,238,570
Oregon - 0.7%
2,935,000 Oregon State Housing & Community Services Department Mul$ 2,969,692
Pennsylvania - 2.8%
5,000,000 + Pennsylvania State Turnpike Commission Oil Franchise Tax$ 5,330,700
2,315,000 + Sayre Health Care Facilities Authority Revenue, 5.875%, 1 2,527,170
685,000 Sayre Health Care Facilities Authority Revenue, 5.875%, 1 709,598
280,000 Scranton-Lackawanna Health and Welfare Authority Hospital 281,375
700,000 Scranton-Lackawanna Health and Welfare Authority Hospital 708,029
460,000 Scranton-Lackawanna Health and Welfare Authority Hospital 465,272
2,165,000 Swarthmore Borough Authority College Revenue, 5.0%, 9/15/ 2,182,255
$ 12,204,399
Puerto Rico - 1.4%
5,000,000 Puerto Rico Public Buildings Authority Revenue, 5.25%, 7$ 5,097,350
1,000,000 Puerto Rico Public Finance Corp., 5.75%, 8/1/27 1,059,370
$ 6,156,720
Rhode Island - 1.1%
1,640,000 Tobacco Settlement Financing Corp., 6.125%, 6/1/32 $ 1,674,620
3,100,000 Tobacco Settlement Financing Corp., 6.25%, 6/1/42 3,109,703
$ 4,784,323
South Carolina - 4.0%
6,000,000 Berkeley County School District Installment Lease, 5.0%,$ 6,025,080
5,000,000 Florence County Hospital Revenue, 5.25%, 11/1/34 5,116,500
3,500,000 + Lexington County Health Services District, Inc., Hospital 3,812,130
2,500,000 South Carolina Jobs Economic Development Authority Revenu 2,551,875
$ 17,505,585
Tennessee - 0.6%
2,500,000 Knox County Health Educational & Housing Facilities Boar$ 2,589,875
Texas - 4.8%
1,552,000 Houston Housing Financing Corp., 6.25%, 9/20/31 $ 1,627,303
2,885,000 (aHouston Utility System Revenue, RIB, 5.723%, 5/15/24 (144 3,272,484
2,750,000 Lower Colorado River Authority, 5.0%, 5/15/31 2,783,110
1,711,000 Panhandle Regional Housing Finance Corp., 6.6%, 7/20/31 1,827,896
3,000,000 Richardson Hospital Authority, 6.0%, 12/1/34 3,060,660
1,000,000 Seguin Higher Education Facilities Corp. Revenue, 5.0%, 9 951,330
1,500,000 Texas State Student Housing Revenue, 6.5%, 9/1/34 1,572,000
3,000,000 Willacy County Local Government Corp. Revenue, 6.0%, 9/1/ 3,002,400
3,000,000 Willacy County Local Government Corp. Revenue, 6.875%, 9/ 3,003,060
$ 21,100,243
Vermont - 0.3%
1,295,000 Vermont Educational & Health Buildings Financing Agency $ 1,254,091
Virginia - 1.2%
1,500,000 Prince William County Industrial Development Hospital Re$ 1,513,725
3,925,000 Prince William County Industrial Development Hospital Rev 3,957,617
$ 5,471,342
Washington - 2.3%
3,000,000 King County Washington Sewer Revenue, 5.0%, 1/1/35 $ 3,042,210
7,000,000 Tobacco Settlement Authority Revenue, 6.625%, 6/1/32 7,243,600
$ 10,285,810
Wisconsin - 0.8%
3,500,000 Wisconsin State Health & Educational Facilities Authorit$ 3,505,145
TOTAL TAX-EXEMPT OBLIGATIONS
(Cost $318,864,432) (b) $322,278,727
Shares
COMMON STOCKS - 39.3% of Net Assets
Energy - 0.8%
Oil & Gas Storage & Transportation - 0.8%
142,876 Spectra Energy Corp. $ 3,321,867
Total Energy $ 3,321,867
Materials - 0.9%
Diversified Chemicals - 0.5%
94,000 Olin Corp. $ 2,015,360
Diversified Metals & Mining - 0.4%
56,012 Compass Minerals International, Inc. $ 1,908,329
Total Materials $ 3,923,689
Consumer Services & Supplies - 0.6%
Commercial Printing - 0.6%
79,034 R.R. Donnelley & Sons Co. $ 2,830,998
Total Consumer Services & Supplies $ 2,830,998
Consumer Durables & Apparel - 0.2%
Home Furnishings - 0.2%
50,000 Bassett Furniture Industries, Inc. $ 577,000
31,486 Kimball International, Inc. 422,857
Total Consumer Durables & Apparel $ 999,857
Media - 1.1%
Movies & Entertainment - 1.0%
206,487 Regal Entertainment Group $ 4,654,217
Publishing - 0.1%
9,905 Idearc, Inc. $ 338,058
Total Media $ 4,992,275
Food, Beverage & Tobacco - 6.7%
Packaged Foods & Meats - 1.2%
175,000 B&G Foods, Inc. $ 2,238,250
92,828 Kraft Foods, Inc. 2,976,066
$ 5,214,316
Tobacco - 5.5%
134,140 Altria Group, Inc. $ 9,310,657
172,872 Loews Corp. - Carolina Group 13,159,017
29,704 Reynolds American, Inc. 1,964,028
$ 24,433,702
Total Food, Beverage & Tobacco $ 29,648,018
Pharmaceuticals, Biotechnology & Life Sciences - 4.7%
Pharmaceuticals - 4.7%
329,758 Bristol-Myers Squibb Co. $ 9,612,446
216,536 Merck & Co., Inc. 10,863,611
Total Pharmaceuticals, Biotechnology & Life Sciences $ 20,476,057
Banks - 6.0%
Diversified Banks - 0.3%
28,642 Wachovia Corp. $ 1,402,885
Regional Banks - 1.7%
81,550 KeyCorp $ 2,715,615
90,000 National City Corp. 2,421,900
67,800 Regions Financial Corp. 2,122,140
$ 7,259,655
Thrifts & Mortgage Finance - 4.0%
222,700 TrustCo Bank Corp., NY $ 2,489,786
409,772 Washington Mutual, Inc. 15,046,828
$ 17,536,614
Total Banks $ 26,199,154
Diversified Financials - 0.5%
Diversified Financial Services - 0.5%
42,500 Bank of America Corp. $ 2,153,900
Total Diversified Financials $ 2,153,900
Telecommunication Services - 10.1%
Integrated Telecommunication Services - 10.1%
204,553 AT&T, Inc. $ 8,155,528
529,946 Citizens Communications Co. 7,689,516
406,745 Verizon Communications, Inc. 17,034,481
790,184 Windstream Corp. 11,283,828
Total Telecommunication Services $ 44,163,353
Utilities - 7.7%
Electric Utilities - 1.2%
138,400 Empire District Electric Co. $ 3,173,512
74,383 Great Plains Energy, Inc. 2,108,014
$ 5,281,526
Gas Utilities - 3.3%
81,249 AGL Resources, Inc. $ 3,226,398
395,466 Atmos Energy Corp. 11,116,549
$ 14,342,947
Multi-Utilities - 3.2%
100,000 Consolidated Edison, Inc. $ 4,594,000
285,753 Duke Energy Corp. 5,240,710
134,112 NSTAR 4,394,850
$ 14,229,560
Total Utilities $ 33,854,033
TOTAL COMMON STOCKS
(Cost $146,963,402) $172,563,201
NON-CONVERTIBLE PREFERRED STOCKS - 25.4% of Net Assets
Energy - 1.1%
Oil & Gas Exploration & Production- 1.1%
49,300 Apache Corp., Series B, 5.68% $ 4,961,059
Total Energy $ 4,961,059
Automobiles & Components - 1.0%
Automobile Manufacturers - 1.0%
126,542 Ford Motor Co. Capital Trust II, 6.5% $ 4,470,234
Total Automobiles & Components $ 4,470,234
Banks - 6.2%
Diversified Banks - 3.3%
105,000 Bank One Capital VI, 7.2% $ 2,595,098
120,000 Barclays Bank Plc, Series 2, 6.625% 2,960,400
120,000 HSBC Holdings Plc, Series A, 6.2%, 2,766,000
200,000 Royal Bank of Scotland Group Plc, Series L, 5.75% 4,382,000
71,000 Wachovia Preferred Funding Corp., Series A, 7.25% 1,828,250
$ 14,531,748
Thrifts & Mortgage Finance - 2.9%
56,980 Countrywide Capital V, 7.0% $ 1,059,975
100,000 Fannie Mae, Series N, 5.5% 4,575,000
57,000 Freddie Mac, 5.81% 2,741,700
39,000 Freddie Mac, Series F, 5.0% 1,677,000
58,000 Freddie Mac, Series K, 5.79% 2,755,000
$ 12,808,675
Total Banks $ 27,340,423
Diversified Financials - 7.3%
Diversified Financial Services - 3.3%
49,000 ABN Amro Capital Fund Trust VII, 6.08% $ 1,109,360
120,000 Bank of America Corp., Series D, 6.204% 3,042,000
81,500 Citigroup, Inc., Series M, 5.864% 3,973,125
120,000 Deustche Bank Capital Funding Trust VIII, 6.375% 2,868,000
150,000 JPMorgan Chase Capital Trust XVI, 6.35% 3,555,000
$ 14,547,485
Consumer Finance - 0.9%
18,000 MBNA Capital, Series D, 8.125% $ 451,220
71,300 SLM Holdings Corp., Series A, 6.97% 3,283,365
$ 3,734,585
Investment Banking & Brokerage - 3.1%
57,000 Bear Stearns Companies, Inc., Series F, 5.72% $ 2,650,500
40,000 Bear Stearns Companies, Inc., Series G, 5.49% 1,590,000
100,000 Lehman Brothers Holdings, Inc., 6.5% 2,461,000
19,000 Lehman Brothers Holdings, Inc., Series C, 5.94% 864,500
50,800 Lehman Brothers Holdings, Inc., Series D, 5.67% 2,286,000
65,000 Merrill Lynch Preferred Capital Trust IV, 7.12% 1,604,542
87,000 Merrill Lynch Preferred Capital Trust V, 7.28% 2,153,983
$ 13,610,525
Total Diversified Financials $ 31,892,595
Insurance - 3.8%
Life & Health Insurance - 0.6%
159,000 Scottish Re Group, Ltd., 7.25% $ 2,830,200
Property & Casualty Insurance 2.4%
160,000 ACE, Ltd., Series C, 7.8% $ 4,057,600
161,000 Berkley W.R. Capital Trust II, 6.75% 3,737,335
109,000 XL Capital, Ltd., Series B, 7.625% 2,728,270
$ 10,523,205
Reinsurance - 0.8%
158,000 RenaissanceRE Holdings, Ltd., Series D, 6.6% $ 3,491,800
Total Insurance $ 16,845,205
Real Estate - 2.7%
Diversification Real Estate Investment Trust - 0.8%
32,440 PS Business Parks, Inc., Series I, 6.875% $ 730,549
13,000 PS Business Parks, Inc., Series L, 7.6% 312,000
119,200 PS Business Parks, Inc., Series P, 6.7% 2,583,064
$ 3,625,613
Industrial Real Estate Investment Trust - 0.2%
40,000 Prologis Trust, Series G, 6.75% $ 945,600
Office Real Estate Investment Trust - 0.3%
15,000 Brandywine Realty Trust, Series C, 7.5% $ 360,600
34,500 Brandywine Realty Trust, Series D, 7.375% 828,000
$ 1,188,600
Retail Real Estate Investment Trust - 0.8%
94,000 Regency Centers Corp., Series C, 7.45% $ 2,257,880
53,500 Regency Centers Corp., Series E, 6.7% 1,197,865
$ 3,455,745
Specialized Real Estate Investment Trust - 0.6%
118,000 Public Storage, Inc., Series L, 6.75% $ 2,722,260
Total Real Estate $ 11,937,818
Utilities - 3.3%
Electric Utilities - 2.9%
98,000 Alabama Power Co., 5.3% $ 2,305,940
113,000 Alabama Power Co., 5.83% 2,712,000
78,000 Interstate Power and Light Co., Series B, 8.375% 2,368,860
40,000 Mississippi Power Co., 5.25% 964,000
7,700 PPL Electric Utilities Corp., 4.5% 669,900
73,000 Southern California Edison Co., 4.32% 1,430,800
94,000 Virginia Power Capital Trust II, 7.375% 2,339,158
$ 12,790,658
Gas Utilities - 0.4%
62,000 Southern Union Co., Series C, 7.55% $ 1,585,340
Total Utilities $ 14,375,998
TOTAL NON-CONVERTIBLE PREFERRED STOCKS
(Cost $120,096,389) $111,823,332
CONVERTIBLE PREFERRED STOCKS - 2.1% of Net Assets
Capital Goods - 0.5%
Aerospace & Defense - 0.5%
15,000 Northrop Grumman Corp., 7.0% $ 2,182,500
Total Capital Goods $ 2,182,500
Diversified Financials - 1.3%
Diversified Financial Services - 1.3%
161,000 Lazard, Ltd., 6.625% $ 5,610,850
Total Diversified Financials $ 5,610,850
Insurance - 0.3%
Property & Casualty Insurance - 0.3%
47,919 XL Capital, Ltd., Class A, 7.0% $ 1,286,625
Total Insurance $ 1,286,625
TOTAL CONVERTIBLE PREFERRED STOCKS
(Cost $7,130,041) $ 9,079,975
TAX-EXEMPT MONEY MARKET MUTUAL FUND - 0.0% of Net Assets
37,190 BlackRock Liquidity Funds MuniFund Portfolio $ 37,190
TOTAL TAX-EXEMPT MONEY MARKET MUTUAL FUND
(Cost $37,190) $ 37,190
TOTAL INVESTMENTS IN SECURITIES - 140.3%
(Cost $593,091,454) (c) $615,782,425
OTHER ASSETS AND LIABILITIES - (0.1%) $ (726,328)
PREFERRED SHARES AT REDEMPTION VALUE, INCLUDING
DIVIDEND$(176,334,612)
NET ASSETS APPLICABLE TO COMMON SHAREOWNERS - 100.0% $438,721,485
Portfolio Abbreviations
RIB Residual Interest Bonds
(144A) Security is exempt from registration under Rule 144A of the
Securities Act of 1933.
Such securities may be resold normally to qualified institutional
buyers in a
transaction exempt from registration. At August 31, 2007, the value
of these
securities amounted $57,435,705, or 13.1% of total net assets.
NR Security not rated by S&P or Moody's.
+ Prerefunded bonds have been collateralized by U.S. Treasury
securities or
U.S. Government Agencies, 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) 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, 2007.
(b) The concentration of tax-exempt investments by type of
obligation/market sector is as follows:
Insured 21.3
General Obligation 0.9
Revenue Bonds:
Health Revenue 29.8
Tobacco Revenue 15.3
Development Revenue 11.1
Education Revenue 7.5
Housing Revenue 5.2
Facilities Revenue 3.1
Other Revenue 1.9
School District Revenue 1.9
Transportation Revenue 1.6
Gaming Revenue 0.4
100.0
(c) At August 31, 2007, the net unrealized gain on investments based
on cost for federal income tax purposes of $592,898,867 was as
follows:
Aggregate gross unrealized gain for all investments in
which there is an excess of value over tax cost $
41,431,241
Aggregate gross unrealized loss for all investments in
which there is an excess of tax cost over value
(18,547,683)
Net unrealized gain $
22,883,558
For financial reporting purposes net unrealized gain on investments
was $22,690,971 and cost of investments aggregated $593,091,454.
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 principal executive officer and principal financial officer
have concluded that the registrant's disclosure controls and procedures are
effective based on their evaluation of these controls and procedures as of
a date within 90 days of 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 were no significant changes in the registrant's internal control over
financial reporting that occurred during the second fiscal quarter of the
period covered by this report that have materially affected, or are
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 30, 2007
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 30, 2007
By (Signature and Title)* /s/ Vincent Nave
Vincent Nave, Treasurer
Date October 30, 2007
* Print the name and title of each signing officer under his or her signature.