Pioneer AMT-Free Municipal Fund

Top 10 Portfolio Holdings as of 5/30/2014
Default: sorted by market value

Security Name Par / Shares Market Value
Adams-Friendship Area School District, 6.5%, 4/1/16 1,430,000 $1,596,385
Alameda Corridor Transportation Authority, 0.0%, 10/1/31 10,000,000 $4,568,800
Albany Industrial Development Agency, 5.25%, 11/15/32 2,500,000 $2,664,733
Allentown Area Hospital Authority, 6.0%, 11/15/16 (Pre-Refunded) 1,500,000 $1,577,650
Anaheim Public Financing Authority, 0.0%, 9/1/22 410,000 $319,193
Anaheim Public Financing Authority, 0.0%, 9/1/36 12,595,000 $3,949,540
Arizona Health Facilities Authority, 5.5%, 1/1/38 5,145,000 $5,644,408
BlackRock Liquidity Funds MuniFund Portfolio 35,000,000 $35,000,000
Buckeye Tobacco Settlement Financing Authority, 5.75%, 6/1/34 10,000,000 $8,524,900
Buckeye Tobacco Settlement Financing Authority, 6.5%, 6/1/47 6,000,000 $5,471,940
Burke County Development Authority, 7.0%, 1/1/23 5,750,000 $6,909,871
California County Tobacco Securitization Agency, 0.0%, 6/1/33 3,370,000 $779,447
California Health Facilities Financing Authority, 5.625%, 7/1/32 2,000,000 $2,097,955
California Municipal Finance Authority, 5.25%, 2/1/37 4,000,000 $4,154,520
California Statewide Communities Development Authority, 5.0%, 5/15/30 4,875,000 $4,993,278
California Statewide Communities Development Authority, 5.75%, 7/1/47 10,000,000 $11,642,683
California Statewide Communities Development Authority, 5.75%, 8/15/38 4,000,000 $4,481,042
Central Texas Regional Mobility Authority, 0.0%, 1/1/25 7,100,000 $4,478,822
Central Texas Regional Mobility Authority, 0.0%, 1/1/26 3,000,000 $1,795,500
Central Texas Regional Mobility Authority, 0.0%, 1/1/27 3,000,000 $1,696,680
Central Texas Regional Mobility Authority, 6.75%, 1/1/41 2,500,000 $2,933,688
City of Cincinnati Ohio Water System Revenue, 5.0%, 12/1/36 2,000,000 $2,316,060
City of Cincinnati Ohio Water System Revenue, 5.0%, 12/1/37 2,250,000 $2,577,083
City of Tallahassee Florida, 6.375%, 12/1/30 7,500,000 $7,764,713
Colorado Health Facilities Authority, Floating Rate Note, 11/15/35 2,750,000 $2,961,264
County of Cuyahoga Ohio, 6.0%, 5/15/37 1,500,000 $1,522,540
County of Cuyahoga Ohio, 6.0%, 5/15/42 1,500,000 $1,520,110
County of Dona Ana New Mexico, 5.25%, 12/1/25 1,000,000 $1,035,840
County of Fairfax Virginia, 4.0%, 4/1/19 7,765,000 $8,849,046
County of Florence South Carolina, 4.0%, 6/1/20 7,500,000 $8,559,567
County of Frederick Maryland, 5.625%, 9/1/38 3,000,000 $2,921,258
County of Lake Ohio, 6.0%, 8/15/43 5,000,000 $5,475,783
County of Madison Florida, 6.0%, 7/1/25 445,000 $295,111
County of McLean North Dakota, 5.15%, 7/1/40 5,000,000 $5,351,692
County of Miami-Dade Florida Aviation Revenue, 5.5%, 10/1/41 5,000,000 $5,599,733
County of Warren Mississippi, 5.8%, 5/1/34 2,750,000 $3,044,644
Dallas Area Rapid Transit, 5.25%, 12/1/29 8,285,000 $10,658,487
Dallas County Utility & Reclamation District, 5.375%, 2/15/29 10,000,000 $11,006,864
Delaware State Economic Development Authority, 5.375%, 10/1/45 5,000,000 $5,314,892
Deschutes & Jefferson Counties School District No 2J Redmond Oregon, 3.0%, 6/15/32 3,000,000 $2,899,690
District of Columbia, 4.25%, 6/1/37 7,950,000 $8,167,910
District of Columbia Tobacco Settlement Financing Corp., 6.75%, 5/15/40 10,000,000 $10,029,100
Escambia County Health Facilities Authority, 6.0%, 8/15/36 3,000,000 $3,487,880
Florida Development Finance Corp., 6.0%, 9/15/30 1,390,000 $1,432,932
Franklin-Mckinley School District, 6.0%, 7/1/16 1,000,000 $1,138,100
Fresno Joint Powers Financing Authority, 4.75%, 9/1/28 2,100,000 $2,047,889
FYI Properties, 5.5%, 6/1/39 10,000,000 $11,619,500
Golden State Tobacco Securitization Corp., 5.125%, 6/1/47 15,000,000 $11,984,325
Harris County Cultural Education Facilities Finance Corp., 5.0%, 6/1/28 1,000,000 $1,113,380
Harris County Cultural Education Facilities Finance Corp., 5.0%, 6/1/33 500,000 $541,075
Houhgr 5% 15may35 Houston Tex Higher Ed Fin Corp Hig 2,750,000 $3,110,174
Houston Higher Education Finance Corp., 5.0%, 5/15/40 390,000 $439,227
Illinois Finance Authority, 5.25%, 5/1/40 1,000,000 $1,062,085
Illinois Finance Authority, 5.5%, 8/15/30 4,000,000 $4,238,098
Illinois Finance Authority, 6.0%, 8/15/25 1,600,000 $1,671,531
Illinois Finance Authority, 6.125%, 5/15/27 1,000,000 $1,017,152
Illinois Finance Authority, 6.5%, 4/1/39 5,000,000 $5,324,667
Indiana Bond Bank, 5.5%, 2/1/29 2,000,000 $2,321,007
Indiana Finance Authority, 6.0%, 12/1/26 2,000,000 $2,194,620
Indiana Health & Educational Facilities Financing Authority, 4.75%, 2/15/34 5,000,000 $5,148,331
Indiana Health & Educational Facilities Financing Authority, 5.0%, 2/15/39 7,000,000 $7,239,206
Indianapolis Local Public Improvement Bond Bank, 6.0%, 1/10/20 440,000 $506,546
Jefferson Parish Hospital Service District No 2, 6.375%, 7/1/41 6,000,000 $6,685,395
JobsOhio Beverage System, 5.0%, 1/1/38 10,000,000 $11,004,033
John Tolfree Health System Corp., 6.0%, 9/15/23 1,500,000 $1,519,390
King County Housing Authority, 5.5%, 5/1/38 10,000,000 $11,171,833
King County Public Hospital District No 1, 5.25%, 12/1/37 3,000,000 $3,261,750
Kinscd 4.5% 01dec30 King Cnty Wash Sch Dist No 411 3,000,000 $3,364,350
Lee County Industrial Development Authority Florida, 4.75%, 6/15/14 765,000 $782,276
Lehigh County Industrial Development Authority, 4.75%, 2/15/27 5,000,000 $5,109,731
Long Beach Bond Finance Authority, 5.5%, 11/15/37 3,000,000 $3,580,603
Louisiana Local Government Environmental Facilities & Community Development Authority, 5.25%, 12/1/1 615,000 $648,038
Louisiana Public Facilities Authority, 5.5%, 5/15/47 10,000,000 $10,530,044
Louisiana State Citizens Property Insurance Corp., 5.0%, 6/1/24 400,000 $467,896
Louisiana State Citizens Property Insurance Corp., 5.0%, 6/1/24 500,000 $589,490
Maine Health & Higher Educational Facilities Authority, 6.75%, 7/1/36 4,500,000 $5,099,828
Maine Health & Higher Educational Facilities Authority, 6.95%, 7/1/41 3,040,000 $3,461,856
Maricopa County Pollution Control Corp., 5.0%, 6/1/35 1,000,000 $1,094,960
Maryland Economic Development Corp., 5.0%, 12/1/16 400,000 $209,872
Maryland Economic Development Corp., 5.0%, 12/1/16 900,000 $472,212
Maryland Economic Development Corp., 5.0%, 12/1/31 1,000,000 $524,680
Maryland Economic Development Corp., 6.2%, 9/1/22 2,000,000 $2,400,160
Maryland Health & Higher Educational Facilities Authority, 5.0%, 11/15/51 6,250,000 $6,784,889
Massachusetts Development Finance Agency, 4.0%, 10/1/35 2,000,000 $2,028,793
Massachusetts Development Finance Agency, 4.0%, 9/1/49 2,500,000 $2,465,175
Massachusetts Development Finance Agency, 5.0%, 10/1/21 1,000,000 $1,189,243
Massachusetts Development Finance Agency, 5.0%, 10/1/22 1,000,000 $1,174,553
Massachusetts Development Finance Agency, 5.0%, 10/1/30 1,000,000 $1,085,143
Massachusetts Development Finance Agency, 5.0%, 10/1/48 4,000,000 $4,405,173
Massachusetts Development Finance Agency, 5.0%, 3/1/39 450,000 $498,879
Massachusetts Development Finance Agency, 5.0%, 6/1/25 1,585,000 $1,876,275
Massachusetts Development Finance Agency, 5.0%, 7/1/43 4,200,000 $4,815,860
Massachusetts Development Finance Agency, 5.0%, 7/1/44 4,000,000 $4,234,013
Massachusetts Development Finance Agency, 5.0%, 9/1/50 1,250,000 $1,366,363
Massachusetts Development Finance Agency, 5.125%, 7/1/26 1,000,000 $1,073,444
Massachusetts Development Finance Agency, 5.15%, 10/1/14 125,000 $127,100
Massachusetts Development Finance Agency, 5.25%, 10/1/29 1,680,000 $1,757,465
Massachusetts Development Finance Agency, 5.25%, 10/1/37 3,320,000 $3,433,444
Massachusetts Development Finance Agency, 5.375%, 4/1/41 1,980,000 $2,196,965
Massachusetts Development Finance Agency, 5.5%, 1/1/35 500,000 $512,488
Massachusetts Development Finance Agency, 5.625%, 10/1/24 1,100,000 $1,118,255
Massachusetts Development Finance Agency, 5.625%, 7/15/36 400,000 $438,493
Massachusetts Development Finance Agency, 5.7%, 10/1/34 1,000,000 $1,014,830
Massachusetts Development Finance Agency, 5.75%, 1/1/42 6,185,000 $7,711,138
Massachusetts Development Finance Agency, 5.75%, 7/15/43 500,000 $550,618
Massachusetts Development Finance Agency, 6.25%, 10/15/17 2,400,000 $2,635,815
Massachusetts Development Finance Agency, 6.75%, 1/1/36 1,000,000 $1,206,195
Massachusetts Development Finance Agency, 7.0%, 7/1/42 1,000,000 $1,150,757
Massachusetts Health & Educational Facilities Authority, 4.125%, 10/1/37 2,000,000 $2,031,230
Massachusetts Health & Educational Facilities Authority, 4.625%, 8/15/28 4,500,000 $4,351,131
Massachusetts Health & Educational Facilities Authority, 5.25%, 7/1/38 3,750,000 $3,989,756
Massachusetts Health & Educational Facilities Authority, 5.375%, 7/1/35 2,335,000 $2,512,707
Massachusetts Health & Educational Facilities Authority, 5.5%, 11/15/36 3,400,000 $3,990,085
Massachusetts Health & Educational Facilities Authority, 5.5%, 7/1/32 12,000,000 $16,519,520
Massachusetts Health & Educational Facilities Authority, 5.5%, 7/1/36 1,000,000 $1,181,957
Massachusetts Port Authority, 5.0%, 7/1/32 1,000,000 $1,144,373
Massachusetts Port Authority, 5.0%, 7/1/33 1,000,000 $1,139,093
Massachusetts School Building Authority, 5.0%, 8/15/29 7,000,000 $8,230,686
Massachusetts State College Building Authority, 5.0%, 5/1/28 3,975,000 $4,635,314
Massachusetts Water Resources Authority, 5.25%, 8/1/36 2,420,000 $3,064,252
McGee Creek Authority, 6.0%, 1/1/23 5,165,000 $5,975,079
Mds 4.5% 01aug19 Maryland St 3,500,000 $4,126,745
Metropolitan Pier & Exposition Authority, 0.0%, 6/15/39 20,000,000 $5,543,600
Metropolitan Pier & Exposition Authority, 7.0%, 7/1/26 (Pre-Refunded) 5,000,000 $6,979,133
Michigan Public Educational Facilities Authority, 5.875%, 6/1/37 3,165,000 $3,256,072
Michigan State Hospital Finance Authority, 5.25%, 11/15/25 2,000,000 $2,005,167
Michigan State Hospital Finance Authority, 5.5%, 11/15/35 1,000,000 $958,774
Missouri Development Finance Board, 5.25%, 11/1/42 2,000,000 $2,186,910
Missouri State Environmental Improvement & Energy Resources Authority, 5.125%, 1/1/20 75,000 $76,902
Mns 4% 01aug17 Minnesota St 5,025,000 $5,624,449
Mohegan Tribe of Indians of Connecticut, 6.25%, 1/1/31 2,470,000 $2,536,175
Montgomery County Industrial Development Authority Pennsylvania, 5.0%, 12/1/24 1,000,000 $1,054,940
Montgomery County Industrial Development Authority Pennsylvania, 5.0%, 12/1/30 1,000,000 $1,041,370
Multnomah County School District No 40, 0.0%, 6/15/30 2,000,000 $1,034,820
Multnomah County School District No 40, 0.0%, 6/15/31 2,000,000 $953,880
Multnomah County School District No 40, 0.0%, 6/15/32 1,715,000 $774,923
New Hampshire Health and Education Facilities Authority Act, 5.0%, 10/1/32 5,000,000 $5,245,267
New Hampshire Health and Education Facilities Authority Act, 5.0%, 10/1/37 3,750,000 $3,904,175
New Jersey Economic Development Authority, 5.3%, 11/1/26 475,000 $422,696
New Jersey Economic Development Authority, 5.375%, 11/1/36 450,000 $361,705
New Jersey Educational Facilities Authority, 5.0%, 7/1/39 3,000,000 $3,444,910
New Jersey Health Care Facilities Financing Authority, 5.25%, 7/1/30 5,115,000 $5,350,878
New Jersey Transportation Trust Fund Authority, 5.5%, 6/15/41 2,000,000 $2,283,882
New York State Dormitory Authority, 5.0%, 10/1/41 5,030,000 $5,620,438
New York State Dormitory Authority, 5.25%, 7/1/24 5,515,000 $6,412,042
North Texas Tollway Authority, 5.0%, 1/1/38 2,000,000 $2,191,667
Oregon Health & Science University, 4.0%, 7/1/31 1,000,000 $1,057,317
Pennsylvania Higher Educational Facilities Authority, 5.0%, 7/1/42 1,000,000 $1,034,403
Pennsylvania Higher Educational Facilities Authority, 6.0%, 7/1/43 1,000,000 $1,073,130
Pennsylvania Higher Educational Facilities Authority, Floating Rate Note, 7/1/39 11,500,000 $8,051,667
Pennsylvania Turnpike Commission, 5.3%, 12/1/41 5,000,000 $5,491,000
Philadelphia Authority for Industrial Development, 6.75%, 6/15/43 (144A) 1,000,000 $1,049,895
Philadelphia Hospitals & Higher Education Facilities Authority, 4.5%, 7/1/37 2,000,000 $2,088,400
Philadelphia Hospitals & Higher Education Facilities Authority, 5.0%, 7/1/34 5,000,000 $4,962,017
Pomona Unified School District, 6.55%, 8/1/29 2,180,000 $2,836,056
Port Authority of New York & New Jersey, 6.0%, 12/1/36 1,000,000 $1,149,590
Port Authority of New York & New Jersey, 6.0%, 12/1/42 3,400,000 $3,887,968
Port Authority of New York & New Jersey, 6.125%, 6/1/94 1,500,000 $1,807,943
Private Colleges & Universities Authority, 5.0%, 10/1/43 2,750,000 $3,108,224
Public Authority for Colorado Energy, 6.5%, 11/15/38 12,500,000 $16,534,611
Public Utility District No. 1 of Franklin County, 5.0%, 9/1/38 1,500,000 $1,624,125
Ral 5% 01sep20 Raleigh N C For Issues Dtd Prior T 4,000,000 $4,884,200
Regional Transportation District, 6.0%, 1/15/26 2,500,000 $2,891,067
Regional Transportation District, 6.0%, 1/15/34 1,250,000 $1,409,321
Regional Transportation District, 6.0%, 1/15/41 1,000,000 $1,121,767
Regional Transportation District, 6.5%, 1/15/30 2,000,000 $2,335,751
Rialto Redevelopment Agency, 6.25%, 9/1/37 3,000,000 $3,315,585
San Jose Evergreen Community College District, 5.0%, 8/1/41 1,500,000 $1,672,420
Santa Cruz County Redevelopment Agency, 6.625%, 9/1/29 1,500,000 $1,778,449
Santa Maria Joint Union High School District, 0.0%, 8/1/27 1,405,000 $818,708
SHELL 200 $690,400
South Carolina State Public Service Authority, 5.0%, 12/1/43 8,265,000 $9,132,742
South Dakota Conservancy District, 5.625%, 8/1/17 (Pre-Refunded) 65,000 $66,510
State of Arkansas, 5.0%, 10/1/18 6,345,000 $7,483,822
State of Georgia, 5.0%, 12/1/18 7,665,000 $9,206,815
State of Maryland, 5.0%, 3/1/21 10,000,000 $12,241,289
State of South Carolina, 5.0%, 4/1/20 500,000 $604,467
St Johns County Industrial Development Authority, 6.0%, 8/1/45 3,400,000 $3,736,056
Sylacauga Health Care Authority, 6.0%, 8/1/35 1,500,000 $1,532,700
Texas Municipal Gas Acquisition & Supply Corp III, 5.0%, 12/15/31 4,000,000 $4,316,902
Texas Private Activity Bond Surface Transportation Corp., 7.0%, 6/30/40 10,410,000 $12,694,023
Texas State Public Finance Authority Charter School Finance Corp., 6.2%, 2/15/40 2,255,000 $2,549,380
Texas Transportation Commission State Highway Fund, 5.0%, 4/1/23 4,500,000 $5,596,580
The Industrial Development Authority of the County of Pima, 6.1%, 6/1/45 500,000 $516,955
The Industrial Development Authority of the County of Pima, 6.75%, 7/1/31 19,000 $19,542
The University of Texas System, 5.0%, 8/15/24 5,000,000 $6,282,933
Tobacco Securitization Authority of Southern California, 5.0%, 6/1/37 3,750,000 $3,173,213
Tobacco Securitization Authority of Southern California, 5.125%, 6/1/46 1,125,000 $920,233
Tobacco Settlement Financing Corp. Rhode Island, 6.25%, 6/1/42 5,200,000 $5,362,292
Tobacco Settlement Financing Corp. Virginia, 5.0%, 6/1/47 13,990,000 $10,292,863
Town of Chatham Massachusetts, 3.5%, 6/15/37 2,000,000 $1,997,818
Town of Wilmington Massachusetts, 4.0%, 3/15/37 4,500,000 $4,628,450
Unihgr 5% 15aug20 University Tex Univ Revs 6,100,000 $7,377,462
University of Massachusetts Building Authority, 5.0%, 11/1/39 2,500,000 $2,793,342
University of Virginia, 5.0%, 6/1/37 4,000,000 $4,682,920
University of Virginia, 5.0%, 6/1/43 5,000,000 $5,790,700
University of Washington, 5.0%, 6/1/37 5,600,000 $6,320,104
Utah State Charter School Finance Authority, 5.75%, 7/15/20 500,000 $550,906
Vasscd 4% 01aug25 Virginia St Pub Sch Auth 5,000,000 $5,689,789
Vermont Educational & Health Buildings Financing Agency, 5.0%, 7/1/24 1,295,000 $1,322,588
Washington County Industrial Development Authority Virginia, 7.75%, 7/1/38 7,500,000 $8,998,513
Washington Health Care Facilities Authority, 4.25%, 10/1/37 1,000,000 $1,023,903
Washington Health Care Facilities Authority, 5.25%, 10/1/33 5,000,000 $5,674,650
Washington Health Care Facilities Authority, 6.125%, 8/15/37 2,400,000 $2,576,003
Washington State Housing Finance Commission, 5.25%, 1/1/17 1,635,000 $1,681,279
Washington Suburban Sanitary Commission, 4.0%, 6/1/16 7,300,000 $7,867,689
Wisconsin Health & Educational Facilities Authority, 5.125%, 8/15/35 3,000,000 $3,242,581

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