Pioneer Disciplined Value Fund

Top 10 Portfolio Holdings as of 5/31/2016
Default: sorted by market value

Security Name Par / Shares Market Value
Aetna, Inc. 104,717 $11,857,106
American Electric Power Co, Inc. 230,372 $14,911,980
Bank of America Corp. 1,014,290 $15,001,349
Cardinal Health, Inc. 172,543 $13,622,270
Chevron Corp. 208,037 $21,011,737
Cisco Systems, Inc. 918,643 $26,686,579
eBay, Inc. 341,421 $8,351,158
Ecolab, Inc. 75,124 $8,807,538
EOG Resources, Inc. 98,849 $8,042,355
Exelon Corp. 405,152 $13,884,559
FedEx Corp. 53,818 $8,878,355
Halliburton Co. 200,403 $8,452,999
Illinois Tool Works, Inc. 150,508 $15,958,363
Ingersoll-Rand Plc 210,038 $14,032,639
Invesco, Ltd. 206,869 $6,495,687
Johnson & Johnson 245,061 $27,615,924
JPMorgan Chase & Co. 430,169 $28,077,131
Lazard, Ltd. 305,492 $10,747,209
LyondellBasell Industries NV 123,373 $10,037,627
Micron Technology, Inc. 845,221 $10,751,211
Molson Coors Brewing Co. (Class B) 93,872 $9,310,225
Morgan Stanley 309,374 $8,467,566
Nasdaq, Inc. 97,187 $6,415,314
Occidental Petroleum Corp. 121,389 $9,157,586
Oracle Corp. 213,150 $8,568,630
Pfizer, Inc. 679,927 $23,593,467
Public Service Enterprise Group, Inc. 442,346 $19,794,984
Raytheon Co. 133,083 $17,256,873
Reynolds American, Inc. 198,976 $9,889,107
Schlumberger, Ltd. 224,847 $17,155,826
SunTrust Banks, Inc. 179,367 $7,859,862
Synchrony Financial 700,619 $21,859,313
Taiwan Semiconductor Manufacturing Co, Ltd. (A.D.R.) 571,452 $14,126,293
The Hartford Financial Services Group, Inc. 347,683 $15,704,841
The PNC Financial Services Group, Inc. 100,807 $9,046,420
Tiffany & Co. 174,129 $10,789,033
Time Warner, Inc. 260,245 $19,690,137
United Rentals, Inc. 186,216 $12,973,669
US Bancorp 236,759 $10,138,020
Verizon Communications, Inc. 298,387 $15,187,898
Voya Financial, Inc. 195,790 $6,433,659
Whole Foods Market, Inc. 378,279 $12,237,326
XL Group Plc 436,580 $14,996,523

The portfolio is actively managed, and current holdings may be different.

For fund descriptions, historical and current performance, standardized returns as of the most recent quarter-end, risk disclosure or a prospectus, please click here.

Please request a free information kit on any Pioneer fund by ordering from this web site or by calling 1-800-225-6292. The kit includes a quarterly fact sheet and a prospectus. You should consider a fund's investment objectives, risks, charges and expenses carefully before investing. The prospectus contains this and other information about each fund and should be read carefully before you invest or send money. To obtain a prospectus directly and for other information on any Pioneer fund please visit our download literature page.