Pioneer Disciplined Value Fund

Top 10 Portfolio Holdings as of 12/31/2014
Default: sorted by market value

Security Name Par / Shares Market Value
Aetna, Inc. 326,833 $29,032,575
American Airlines Group, Inc. 409,437 $21,958,106
Archer-Daniels-Midland Co. 276,332 $14,369,264
Bank of America Corp. 1,568,489 $28,060,268
Bed Bath & Beyond, Inc. 184,823 $14,077,968
Broadcom Corp. 237,501 $10,342,478
CBS Corp. (Class B) 349,864 $19,361,474
Chevron Corp. 190,133 $21,329,120
Cisco Systems, Inc. 691,448 $19,232,626
Citigroup, Inc. 358,790 $19,414,127
ConocoPhillips 307,027 $21,203,285
Cummins, Inc. 133,591 $19,259,814
CVS Health Corp. 174,241 $16,781,151
Devon Energy Corp. 353,980 $21,667,116
Discover Financial Services 380,433 $24,914,557
Eaton Corp Plc 282,366 $19,189,593
EMC Corp./MA 647,216 $19,248,204
Exelon Corp. 547,554 $20,303,302
Express Scripts Holding Co. 228,321 $19,331,939
Exxon Mobil Corp. 217,958 $20,150,217
FirstEnergy Corp. 537,639 $20,962,545
General Motors Co. 565,999 $19,759,025
HCA Holdings, Inc. 253,848 $18,629,905
International Paper Co. 256,049 $13,719,105
Lincoln National Corp. 283,119 $16,327,473
Mallinckrodt Plc 102,230 $10,123,837
Medtronic, Inc. 350,752 $25,324,294
Microsoft Corp. 570,633 $26,505,903
Molson Coors Brewing Co. (Class B) 256,629 $19,123,993
Morgan Stanley 725,877 $28,164,028
Mylan, Inc./PA 254,884 $14,367,811
NetApp, Inc. 262,359 $10,874,781
Oracle Corp. 254,075 $11,425,753
Parker-Hannifin Corp. 118,431 $15,271,677
Pfizer, Inc. 927,730 $28,898,790
Public Service Enterprise Group, Inc. 482,267 $19,970,676
Skyworks Solutions, Inc. 197,470 $14,358,044
Teva Pharmaceutical Industries, Ltd. (A.D.R.) 256,756 $14,766,038
The Allstate Corp. 225,292 $15,826,763
The Hartford Financial Services Group, Inc. 516,008 $21,512,374
The NASDAQ OMX Group, Inc. 397,495 $19,063,860
The PNC Financial Services Group, Inc. 296,432 $27,043,491
Tyson Foods, Inc. 529,698 $21,235,593
United Continental Holdings, Inc. 316,378 $21,162,524
Verizon Communications, Inc. 393,644 $18,414,666
Voya Financial, Inc. 347,632 $14,732,644
Wells Fargo & Co. 530,726 $29,094,399
Western Digital Corp. 133,143 $14,738,930
Whirlpool Corp. 89,702 $17,378,865
Xerox Corp. 820,445 $11,371,368

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.