Pioneer Disciplined Value Fund

Top 10 Portfolio Holdings as of 6/30/2014
Default: sorted by market value

Security Name Par / Shares Market Value
Aetna, Inc. 351,916 $28,533,349
American Airlines Group, Inc. 784,823 $33,715,996
Analog Devices, Inc. 242,564 $13,115,435
Apache Corp. 353,528 $35,571,987
Apple, Inc. 247,098 $22,962,817
Bank of America Corp. 1,853,233 $28,484,191
Cabot Oil & Gas Corp. 336,626 $11,492,412
Citigroup, Inc. 602,674 $28,385,945
Coca-Cola Enterprises, Inc. 263,878 $12,608,091
ConocoPhillips 369,467 $31,674,406
Cummins, Inc. 108,934 $16,807,427
CVS Caremark Corp. 298,748 $22,516,637
Discover Financial Services 429,595 $26,626,298
Eaton Corp Plc 445,662 $34,396,193
EMC Corp./MA 512,133 $13,489,583
EOG Resources, Inc. 122,740 $14,343,396
Express Scripts Holding Co. 300,143 $20,808,914
Ford Motor Co. 1,420,446 $24,488,489
Gilead Sciences, Inc. 143,663 $11,911,099
Halliburton Co. 347,771 $24,695,219
Hess Corp. 172,727 $17,080,973
Honeywell International, Inc. 293,397 $27,271,251
Humana, Inc. 126,356 $16,138,188
Ingersoll-Rand Plc 515,900 $32,248,909
Johnson & Johnson 378,049 $39,551,486
KeyCorp 1,011,689 $14,497,503
Lincoln National Corp. 371,878 $19,129,404
Lorillard, Inc. 386,594 $23,570,636
LyondellBasell Industries NV 308,719 $30,146,410
Marathon Oil Corp. 660,688 $26,374,665
Medtronic, Inc. 401,927 $25,626,866
Merck & Co, Inc. 616,406 $35,659,087
Molson Coors Brewing Co. (Class B) 276,462 $20,502,422
Morgan Stanley 759,934 $24,568,666
NextEra Energy, Inc. 132,943 $13,623,999
Nu Skin Enterprises, Inc. 160,917 $11,901,421
Occidental Petroleum Corp. 336,279 $34,512,314
Pfizer, Inc. 1,055,156 $31,317,030
PVH Corp. 100,991 $11,775,551
Regions Financial Corp. 2,394,284 $25,427,296
The Allstate Corp. 217,346 $12,762,557
The Hartford Financial Services Group, Inc. 540,219 $19,345,242
The NASDAQ OMX Group, Inc. 389,532 $15,043,726
The PNC Financial Services Group, Inc. 347,163 $30,914,865
United Continental Holdings, Inc. 554,759 $22,783,952
Unum Group 381,080 $13,246,341
Voya Financial, Inc. 649,734 $23,611,334
Whirlpool Corp. 86,822 $12,087,359
Xerox Corp. 943,538 $11,737,613
Yahoo!, Inc. 663,593 $23,312,022

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.