Pioneer Disciplined Value Fund

Top 10 Portfolio Holdings as of 12/31/2015
Default: sorted by market value

Security Name Par / Shares Market Value
Aetna, Inc. 124,866 $13,500,512
American Airlines Group, Inc. 234,549 $9,933,150
American Electric Power Co, Inc. 259,508 $15,121,531
Analog Devices, Inc. 90,963 $5,032,073
Bank of America Corp. 1,267,314 $21,328,895
Bed Bath & Beyond, Inc. 189,612 $9,148,779
Cardinal Health, Inc. 194,365 $17,350,964
Cisco Systems, Inc. 505,476 $13,726,201
Citizens Financial Group, Inc. 494,470 $12,950,169
Cummins, Inc. 43,166 $3,799,040
Dollar General Corp. 42,789 $3,075,245
eBay, Inc. 384,601 $10,568,835
Exelon Corp. 530,721 $14,738,122
Express Scripts Holding Co. 75,447 $6,594,822
Halliburton Co. 379,956 $12,933,702
Honeywell International, Inc. 133,380 $13,814,167
Humana, Inc. 59,910 $10,694,534
Ingersoll-Rand Plc 396,059 $21,898,102
Invesco, Ltd. 268,285 $8,982,182
Johnson & Johnson 315,525 $32,410,728
JPMorgan Chase & Co. 321,432 $21,224,155
Lincoln National Corp. 246,597 $12,393,965
LyondellBasell Industries NV 143,215 $12,445,384
Merck & Co, Inc. 175,311 $9,259,927
Micron Technology, Inc. 425,943 $6,031,353
Molson Coors Brewing Co. (Class B) 207,780 $19,514,698
Morgan Stanley 397,027 $12,629,429
Nasdaq, Inc. 223,797 $13,018,271
Newfield Exploration Co. 400,213 $13,030,935
Occidental Petroleum Corp. 74,202 $5,016,797
Oracle Corp. 380,042 $13,882,934
PayPal Holdings, Inc. 54,490 $1,972,538
Public Service Enterprise Group, Inc. 498,292 $19,278,917
Raytheon Co. 130,779 $16,285,909
Reynolds American, Inc. 224,141 $10,344,107
Schlumberger, Ltd. 312,736 $21,813,336
SunTrust Banks, Inc. 246,855 $10,575,268
Synchrony Financial 368,760 $11,213,992
Taiwan Semiconductor Manufacturing Co, Ltd. (A.D.R.) 295,993 $6,733,841
The Hartford Financial Services Group, Inc. 355,760 $15,461,330
The PNC Financial Services Group, Inc. 222,628 $21,218,675
Time Warner, Inc. 293,158 $18,958,528
Toll Brothers, Inc. 108,201 $3,603,093
Tyson Foods, Inc. 311,227 $16,597,736
US Bancorp 342,110 $14,597,834
Valero Energy Corp. 295,312 $20,881,512
Wells Fargo & Co. 381,326 $20,728,881
Whirlpool Corp. 83,238 $12,225,165
Whole Foods Market, Inc. 91,582 $3,067,997
XL Group Plc 121,548 $4,762,251

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.