Pioneer AMT-Free Municipal Fund

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

Security Name Par / Shares Market Value
Adams-Friendship Area School District, 6.5%, 4/1/16 1,430,000 $1,598,254
Alameda Corridor Transportation Authority, 0.0%, 10/1/31 10,000,000 $4,617,000
Albany Industrial Development Agency, 5.25%, 11/15/32 2,500,000 $2,667,896
Allentown Area Hospital Authority, 6.0%, 11/15/16 (Pre-Refunded) 1,500,000 $1,579,345
Anaheim Public Financing Authority, 0.0%, 9/1/22 410,000 $318,718
Anaheim Public Financing Authority, 0.0%, 9/1/36 12,595,000 $3,958,105
Arizona Health Facilities Authority, 5.5%, 1/1/38 5,145,000 $5,656,259
Beadev Flt% 01dec35 Beaver Cnty Pa Indl Dev Auth P 5,000,000 $5,027,331
BlackRock Liquidity Funds MuniFund Portfolio 13,000,000 $13,000,000
Buckeye Tobacco Settlement Financing Authority, 5.75%, 6/1/34 10,000,000 $8,296,817
Buckeye Tobacco Settlement Financing Authority, 6.5%, 6/1/47 6,000,000 $5,143,480
Burke County Development Authority, 7.0%, 1/1/23 5,750,000 $6,919,148
California County Tobacco Securitization Agency, 0.0%, 6/1/33 3,370,000 $775,943
California Health Facilities Financing Authority, 5.625%, 7/1/32 2,000,000 $2,103,130
California Municipal Finance Authority, 5.25%, 2/1/37 4,000,000 $4,164,700
California Statewide Communities Development Authority, 5.0%, 5/15/30 4,875,000 $5,007,302
California Statewide Communities Development Authority, 5.75%, 7/1/47 10,000,000 $11,632,500
California Statewide Communities Development Authority, 5.75%, 8/15/38 4,000,000 $4,495,849
Central Texas Regional Mobility Authority, 0.0%, 1/1/25 7,100,000 $4,462,847
Central Texas Regional Mobility Authority, 0.0%, 1/1/26 3,000,000 $1,790,010
Central Texas Regional Mobility Authority, 0.0%, 1/1/27 3,000,000 $1,688,580
Central Texas Regional Mobility Authority, 6.75%, 1/1/41 2,500,000 $2,945,400
City of Cincinnati Ohio Water System Revenue, 5.0%, 12/1/36 2,000,000 $2,261,073
City of Cincinnati Ohio Water System Revenue, 5.0%, 12/1/37 2,250,000 $2,529,555
City of Raleigh North Carolina, 5.0%, 9/1/20 4,000,000 $4,881,547
City of Tallahassee Florida, 6.375%, 12/1/30 7,500,000 $7,564,369
Colorado Health Facilities Authority, Floating Rate Note, 11/15/35 2,750,000 $2,965,403
County of Cuyahoga Ohio, 6.0%, 5/15/37 1,500,000 $1,529,500
County of Cuyahoga Ohio, 6.0%, 5/15/42 1,500,000 $1,527,115
County of Dona Ana New Mexico, 5.25%, 12/1/25 1,000,000 $1,012,175
County of Fairfax Virginia, 4.0%, 4/1/19 7,765,000 $8,838,356
County of Florence South Carolina, 4.0%, 6/1/20 7,500,000 $8,549,992
County of Frederick Maryland, 5.625%, 9/1/38 3,000,000 $2,942,970
County of Lake Ohio, 6.0%, 8/15/43 5,000,000 $5,483,983
County of Madison Florida, 6.0%, 7/1/25 445,000 $298,008
County of McLean North Dakota, 5.15%, 7/1/40 5,000,000 $5,364,950
County of Miami-Dade Florida Aviation Revenue, 5.5%, 10/1/41 5,000,000 $5,621,800
County of Warren Mississippi, 5.8%, 5/1/34 2,750,000 $3,087,746
Curhgr 5% 01nov25 Curators Univ Mo Sys Facs Rev 5,500,000 $6,782,637
Dallas Area Rapid Transit, 5.25%, 12/1/29 8,285,000 $10,410,061
Dallas County Utility & Reclamation District, 5.375%, 2/15/29 10,000,000 $10,996,756
Delaware State Economic Development Authority, 5.375%, 10/1/45 5,000,000 $5,331,338
Deschutes & Jefferson Counties School District No 2J Redmond Oregon, 3.0%, 6/15/32 3,000,000 $2,896,660
District of Columbia, 4.25%, 6/1/37 7,950,000 $8,019,099
District of Columbia Tobacco Settlement Financing Corp., 6.75%, 5/15/40 10,000,000 $10,019,850
Escambia County Health Facilities Authority, 6.0%, 8/15/36 3,000,000 $3,488,750
Florida Development Finance Corp., 6.0%, 9/15/30 1,390,000 $1,441,050
Franklin-Mckinley School District, 6.0%, 7/1/16 1,000,000 $1,139,680
Fresno Joint Powers Financing Authority, 4.75%, 9/1/28 2,100,000 $2,058,574
FYI Properties, 5.5%, 6/1/39 10,000,000 $11,325,933
Gas 4% 01oct22 Georgia St 5,000,000 $5,809,200
Golden State Tobacco Securitization Corp., 5.125%, 6/1/47 15,000,000 $10,944,163
Harris County Cultural Education Facilities Finance Corp., 5.0%, 6/1/28 1,000,000 $1,086,337
Harris County Cultural Education Facilities Finance Corp., 5.0%, 6/1/33 500,000 $529,283
Houston Higher Education Finance Corp., 5.0%, 5/15/35 2,750,000 $3,107,882
Houston Higher Education Finance Corp., 5.0%, 5/15/40 390,000 $438,114
Illinois Finance Authority, 5.25%, 5/1/40 1,000,000 $1,065,190
Illinois Finance Authority, 5.5%, 8/15/30 4,000,000 $4,245,711
Illinois Finance Authority, 6.0%, 8/15/25 1,600,000 $1,675,259
Illinois Finance Authority, 6.125%, 5/15/27 1,000,000 $1,020,556
Illinois Finance Authority, 6.5%, 4/1/39 5,000,000 $5,433,000
Indiana Bond Bank, 5.5%, 2/1/29 2,000,000 $2,310,013
Indiana Finance Authority, 6.0%, 12/1/26 2,000,000 $2,133,360
Indiana Health & Educational Facilities Financing Authority, 4.75%, 2/15/34 5,000,000 $5,160,522
Indiana Health & Educational Facilities Financing Authority, 5.0%, 2/15/39 7,000,000 $7,256,472
Indianapolis Local Public Improvement Bond Bank, 6.0%, 1/10/20 440,000 $507,364
Jefferson Parish Hospital Service District No 2, 6.375%, 7/1/41 6,000,000 $6,690,210
JobsOhio Beverage System, 5.0%, 1/1/38 10,000,000 $11,168,100
John Tolfree Health System Corp., 6.0%, 9/15/23 1,500,000 $1,526,890
King County Housing Authority, 5.5%, 5/1/38 10,000,000 $11,184,667
King County Public Hospital District No 1, 5.25%, 12/1/37 3,000,000 $3,189,105
King County School District No 411 Issaquah, 4.5%, 12/1/30 3,000,000 $3,347,535
Lehigh County Industrial Development Authority, 4.75%, 2/15/27 5,000,000 $5,122,422
Long Beach Bond Finance Authority, 5.5%, 11/15/37 3,000,000 $3,548,423
Louisiana Local Government Environmental Facilities & Community Development Authority, 5.25%, 12/1/1 615,000 $634,283
Louisiana Public Facilities Authority, 5.5%, 5/15/47 10,000,000 $10,548,178
Louisiana State Citizens Property Insurance Corp., 5.0%, 6/1/24 500,000 $575,828
Louisiana State Citizens Property Insurance Corp., 5.0%, 6/1/24 400,000 $457,327
Maine Health & Higher Educational Facilities Authority, 6.75%, 7/1/36 4,500,000 $5,120,730
Maine Health & Higher Educational Facilities Authority, 6.95%, 7/1/41 3,040,000 $3,476,362
Maricopa County Pollution Control Corp., 5.0%, 6/1/35 1,000,000 $1,071,587
Maryland Economic Development Corp., 5.0%, 12/1/16 400,000 $189,667
Maryland Economic Development Corp., 5.0%, 12/1/16 900,000 $426,750
Maryland Economic Development Corp., 5.0%, 12/1/31 1,000,000 $489,967
Maryland Economic Development Corp., 6.2%, 9/1/22 2,000,000 $2,432,873
Maryland Health & Higher Educational Facilities Authority, 5.0%, 11/15/51 6,250,000 $6,788,993
Mas Flt% 01nov25 Massachusetts St 6,400,000 $6,294,602
Massachusetts Development Finance Agency, 4.0%, 10/1/35 2,000,000 $2,031,100
Massachusetts Development Finance Agency, 4.0%, 9/1/49 2,500,000 $2,464,533
Massachusetts Development Finance Agency, 5.0%, 10/1/21 1,000,000 $1,188,590
Massachusetts Development Finance Agency, 5.0%, 10/1/22 1,000,000 $1,172,140
Massachusetts Development Finance Agency, 5.0%, 10/1/30 1,000,000 $1,085,270
Massachusetts Development Finance Agency, 5.0%, 10/1/48 4,000,000 $4,412,520
Massachusetts Development Finance Agency, 5.0%, 3/1/39 450,000 $498,927
Massachusetts Development Finance Agency, 5.0%, 6/1/25 1,585,000 $1,830,701
Massachusetts Development Finance Agency, 5.0%, 7/1/43 4,200,000 $4,815,468
Massachusetts Development Finance Agency, 5.0%, 7/1/44 4,000,000 $4,234,720
Massachusetts Development Finance Agency, 5.0%, 9/1/50 1,250,000 $1,368,896
Massachusetts Development Finance Agency, 5.125%, 7/1/26 1,000,000 $1,074,135
Massachusetts Development Finance Agency, 5.15%, 10/1/14 (Pre-Refunded) 125,000 $127,381
Massachusetts Development Finance Agency, 5.25%, 10/1/29 1,680,000 $1,761,253
Massachusetts Development Finance Agency, 5.25%, 10/1/37 3,320,000 $3,441,927
Massachusetts Development Finance Agency, 5.375%, 4/1/41 1,980,000 $2,201,201
Massachusetts Development Finance Agency, 5.5%, 1/1/35 500,000 $514,560
Massachusetts Development Finance Agency, 5.625%, 10/1/24 (Pre-Refunded) 1,100,000 $1,121,299
Massachusetts Development Finance Agency, 5.625%, 7/15/36 400,000 $438,624
Massachusetts Development Finance Agency, 5.7%, 10/1/34 (Pre-Refunded) 1,000,000 $1,018,120
Massachusetts Development Finance Agency, 5.75%, 1/1/42 6,185,000 $7,696,552
Massachusetts Development Finance Agency, 5.75%, 7/15/43 500,000 $550,819
Massachusetts Development Finance Agency, 6.25%, 10/15/17 2,400,000 $2,643,227
Massachusetts Development Finance Agency, 6.75%, 1/1/36 1,000,000 $1,206,710
Massachusetts Development Finance Agency, 7.0%, 7/1/42 1,000,000 $1,156,310
Massachusetts Health & Educational Facilities Authority, 4.125%, 10/1/37 2,000,000 $2,033,745
Massachusetts Health & Educational Facilities Authority, 4.625%, 8/15/28 4,500,000 $4,369,420
Massachusetts Health & Educational Facilities Authority, 5.25%, 7/1/38 3,750,000 $3,996,338
Massachusetts Health & Educational Facilities Authority, 5.375%, 7/1/35 2,335,000 $2,515,460
Massachusetts Health & Educational Facilities Authority, 5.5%, 11/15/36 3,400,000 $3,964,426
Massachusetts Health & Educational Facilities Authority, 5.5%, 7/1/32 12,000,000 $16,280,640
Massachusetts Health & Educational Facilities Authority, 5.5%, 7/1/36 1,000,000 $1,178,150
Massachusetts Port Authority, 5.0%, 7/1/32 1,000,000 $1,145,200
Massachusetts Port Authority, 5.0%, 7/1/33 1,000,000 $1,139,990
Massachusetts School Building Authority, 5.0%, 8/15/29 7,000,000 $8,222,192
Massachusetts State College Building Authority, 5.0%, 5/1/28 3,975,000 $4,624,489
Massachusetts Water Resources Authority, 5.25%, 8/1/36 2,420,000 $3,048,075
McGee Creek Authority, 6.0%, 1/1/23 5,165,000 $5,992,691
Metropolitan Pier & Exposition Authority, 0.0%, 6/15/39 20,000,000 $5,513,400
Metropolitan Pier & Exposition Authority, 7.0%, 7/1/26 (Pre-Refunded) 5,000,000 $6,973,650
Michigan Public Educational Facilities Authority, 5.875%, 6/1/37 3,165,000 $3,181,160
Michigan State Hospital Finance Authority, 5.25%, 11/15/25 2,000,000 $2,013,797
Michigan State Hospital Finance Authority, 5.5%, 11/15/35 1,000,000 $963,398
Missouri Development Finance Board, 5.25%, 11/1/42 2,000,000 $2,191,080
Missouri State Environmental Improvement & Energy Resources Authority, 5.125%, 1/1/20 75,000 $77,223
Mohegan Tribe of Indians of Connecticut, 6.25%, 1/1/31 2,470,000 $2,549,040
Montgomery County Industrial Development Authority Pennsylvania, 5.0%, 12/1/24 1,000,000 $1,032,127
Montgomery County Industrial Development Authority Pennsylvania, 5.0%, 12/1/30 1,000,000 $1,019,107
Multnomah County School District No 40, 0.0%, 6/15/30 2,000,000 $1,035,140
Multnomah County School District No 40, 0.0%, 6/15/31 2,000,000 $954,160
Multnomah County School District No 40, 0.0%, 6/15/32 1,715,000 $775,043
New Hampshire Health and Education Facilities Authority Act, 5.0%, 10/1/32 5,000,000 $5,253,500
New Hampshire Health and Education Facilities Authority Act, 5.0%, 10/1/37 3,750,000 $3,911,100
New Jersey Economic Development Authority, 5.3%, 11/1/26 475,000 $425,013
New Jersey Economic Development Authority, 5.375%, 11/1/36 450,000 $363,838
New Jersey Educational Facilities Authority, 5.0%, 7/1/39 3,000,000 $3,447,390
New Jersey Health Care Facilities Financing Authority, 5.25%, 7/1/30 5,115,000 $5,425,583
New Jersey Transportation Trust Fund Authority, 5.5%, 6/15/41 2,000,000 $2,223,929
New York State Dormitory Authority, 5.0%, 10/1/41 5,030,000 $5,625,703
New York State Dormitory Authority, 5.25%, 7/1/24 5,515,000 $6,393,760
North Texas Tollway Authority, 5.0%, 1/1/38 2,000,000 $2,193,260
Oregon Health & Science University, 4.0%, 7/1/31 1,000,000 $1,055,340
Pennsylvania Higher Educational Facilities Authority, 5.0%, 7/1/42 1,000,000 $1,039,490
Pennsylvania Higher Educational Facilities Authority, 6.0%, 7/1/43 1,000,000 $1,078,670
Pennsylvania Higher Educational Facilities Authority, Floating Rate Note, 7/1/39 11,500,000 $7,985,594
Pennsylvania Turnpike Commission, 5.3%, 12/1/41 5,000,000 $5,370,483
Philadelphia Authority for Industrial Development, 6.75%, 6/15/43 (144A) 1,000,000 $1,021,060
Philadelphia Hospitals & Higher Education Facilities Authority, 4.5%, 7/1/37 2,000,000 $2,093,500
Philadelphia Hospitals & Higher Education Facilities Authority, 5.0%, 7/1/34 5,000,000 $4,888,050
Pho 4% 01jul21 Phoenix Ariz 5,000,000 $5,685,989
Pomona Unified School District, 6.55%, 8/1/29 2,180,000 $2,834,810
Port Authority of New York & New Jersey, 6.0%, 12/1/36 1,000,000 $1,151,300
Port Authority of New York & New Jersey, 6.0%, 12/1/42 3,400,000 $3,893,408
Port Authority of New York & New Jersey, 6.125%, 6/1/94 1,500,000 $1,758,456
Private Colleges & Universities Authority, 5.0%, 10/1/43 2,750,000 $3,107,885
Public Authority for Colorado Energy, 6.5%, 11/15/38 12,500,000 $16,436,444
Public Utility District No. 1 of Franklin County, 5.0%, 9/1/38 1,500,000 $1,624,870
Regional Transportation District, 6.0%, 1/15/26 2,500,000 $2,919,967
Regional Transportation District, 6.0%, 1/15/34 1,250,000 $1,423,933
Regional Transportation District, 6.0%, 1/15/41 1,000,000 $1,133,487
Regional Transportation District, 6.5%, 1/15/30 2,000,000 $2,359,444
Rialto Redevelopment Agency, 6.25%, 9/1/37 3,000,000 $3,322,750
San Jose Evergreen Community College District, 5.0%, 8/1/41 1,500,000 $1,674,095
Santa Cruz County Redevelopment Agency, 6.625%, 9/1/29 1,500,000 $1,780,700
Santa Maria Joint Union High School District, 0.0%, 8/1/27 1,405,000 $814,169
Scsutl 5.5% 01dec54 South Carolina St Pub Svcs Aut 5,000,000 $5,492,900
SHELL 200 $690,400
South Carolina State Public Service Authority, 5.0%, 12/1/43 8,265,000 $8,826,579
South Dakota Conservancy District, 5.625%, 8/1/17 (Pre-Refunded) 65,000 $66,817
State of Arkansas, 5.0%, 10/1/18 6,345,000 $7,491,288
State of Georgia, 5.0%, 12/1/18 7,665,000 $9,022,063
State of Maryland, 4.5%, 8/1/19 3,500,000 $4,125,310
State of Maryland, 5.0%, 3/1/21 10,000,000 $12,222,856
State of Minnesota, 4.0%, 8/1/17 5,025,000 $5,623,813
State of South Carolina, 5.0%, 4/1/20 500,000 $604,025
St Johns County Industrial Development Authority, 6.0%, 8/1/45 3,400,000 $3,740,646
Sylacauga Health Care Authority, 6.0%, 8/1/35 1,500,000 $1,609,095
Texas Municipal Gas Acquisition & Supply Corp III, 5.0%, 12/15/31 4,000,000 $4,255,129
Texas Private Activity Bond Surface Transportation Corp., 7.0%, 6/30/40 10,410,000 $12,739,076
Texas State Public Finance Authority Charter School Finance Corp., 6.2%, 2/15/40 2,255,000 $2,567,390
Texas Transportation Commission State Highway Fund, 5.0%, 4/1/23 4,500,000 $5,577,935
The Industrial Development Authority of the County of Pima, 6.1%, 6/1/45 500,000 $512,277
The Industrial Development Authority of the County of Pima, 6.75%, 7/1/31 19,000 $19,702
The University of Texas System, 5.0%, 8/15/20 6,100,000 $7,445,531
The University of Texas System, 5.0%, 8/15/24 5,000,000 $6,241,467
Tobacco Securitization Authority of Southern California, 5.0%, 6/1/37 3,750,000 $3,046,488
Tobacco Securitization Authority of Southern California, 5.125%, 6/1/46 1,125,000 $880,628
Tobacco Settlement Financing Corp. Rhode Island, 6.25%, 6/1/42 5,200,000 $5,211,067
Tobacco Settlement Financing Corp. Virginia, 5.0%, 6/1/47 13,990,000 $9,835,203
Town of Chatham Massachusetts, 3.5%, 6/15/37 2,000,000 $1,956,491
Town of Wilmington Massachusetts, 4.0%, 3/15/37 4,500,000 $4,633,550
University of Massachusetts Building Authority, 5.0%, 11/1/39 2,500,000 $2,797,458
University of Virginia, 5.0%, 6/1/37 4,000,000 $4,581,427
University of Virginia, 5.0%, 6/1/43 5,000,000 $5,668,733
University of Washington, 5.0%, 6/1/37 5,600,000 $6,179,413
Utah State Charter School Finance Authority, 5.75%, 7/15/20 500,000 $553,672
Vermont Educational & Health Buildings Financing Agency, 5.0%, 7/1/24 1,295,000 $1,327,543
Virginia Public School Authority, 4.0%, 8/1/25 5,000,000 $5,644,606
Was 5% 01aug36 Washington St For Issues Dtd P 5,000,000 $5,737,367
Washington County Industrial Development Authority Virginia, 7.75%, 7/1/38 7,500,000 $9,009,525
Washington Health Care Facilities Authority, 4.25%, 10/1/37 1,000,000 $1,025,885
Washington Health Care Facilities Authority, 5.25%, 10/1/33 5,000,000 $5,672,625
Washington Health Care Facilities Authority, 6.125%, 8/15/37 2,400,000 $2,581,485
Washington State Housing Finance Commission, 5.25%, 1/1/17 1,635,000 $1,685,129
Washington Suburban Sanitary Commission, 4.0%, 6/1/16 7,300,000 $7,868,297
Wisconsin Health & Educational Facilities Authority, 5.125%, 8/15/35 3,000,000 $3,244,713

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