Pioneer AMT-Free Municipal Fund

Top 10 Portfolio Holdings as of 11/28/2014
Default: sorted by market value

Security Name Par / Shares Market Value
Adams-Friendship Area School District, 6.5%, 4/1/16 1,430,000 $1,556,429
Alameda Corridor Transportation Authority, 0.0%, 10/1/31 10,000,000 $4,990,400
Albany Industrial Development Agency, 5.25%, 11/15/32 2,500,000 $2,722,704
Allentown Area Hospital Authority, 6.0%, 11/15/16 (Pre-Refunded) 835,000 $877,362
Anaheim Public Financing Authority, 0.0%, 9/1/22 410,000 $333,404
Anaheim Public Financing Authority, 0.0%, 9/1/36 12,595,000 $4,439,863
Arizona Health Facilities Authority, 5.5%, 1/1/38 5,145,000 $5,679,417
Beaver County Industrial Development Authority, Floating Rate Note, 12/1/35 5,000,000 $5,211,675
BlackRock Liquidity Funds MuniFund Portfolio 4,000,000 $4,000,000
Buckeye Tobacco Settlement Financing Authority, 5.75%, 6/1/34 10,000,000 $8,314,606
Buckeye Tobacco Settlement Financing Authority, 6.5%, 6/1/47 6,000,000 $5,486,153
Burke County Development Authority, 7.0%, 1/1/23 5,750,000 $6,797,407
California County Tobacco Securitization Agency, 0.0%, 6/1/33 3,370,000 $933,086
California Health Facilities Financing Authority, 5.625%, 7/1/32 (Pre-Refunded) 2,000,000 $2,110,730
California Municipal Finance Authority, 5.25%, 2/1/37 4,000,000 $4,276,673
California Statewide Communities Development Authority, 5.0%, 5/15/30 4,875,000 $5,019,517
California Statewide Communities Development Authority, 5.75%, 7/1/47 10,000,000 $11,525,989
California Statewide Communities Development Authority, 5.75%, 8/15/38 4,000,000 $4,490,164
Central Texas Regional Mobility Authority, 0.0%, 1/1/25 7,100,000 $4,723,275
Central Texas Regional Mobility Authority, 0.0%, 1/1/26 3,550,000 $2,248,499
Central Texas Regional Mobility Authority, 0.0%, 1/1/27 3,000,000 $1,795,650
Central Texas Regional Mobility Authority, 6.75%, 1/1/41 2,500,000 $3,007,800
City of Pearland Texas, 4.0%, 3/1/29 5,000,000 $5,344,439
City of Phoenix Arizona, 4.0%, 7/1/21 5,000,000 $5,785,461
City of Raleigh North Carolina, 5.0%, 9/1/20 4,000,000 $4,849,209
City of Tallahassee Florida, 6.375%, 12/1/30 7,500,000 $7,763,931
Colorado Health Facilities Authority, Floating Rate Note, 11/15/35 2,750,000 $2,935,107
Commonwealth of Massachusetts, Floating Rate Note, 11/1/25 6,400,000 $6,317,194
County of Cuyahoga Ohio, 6.0%, 5/15/37 1,500,000 $1,541,675
County of Cuyahoga Ohio, 6.0%, 5/15/42 1,500,000 $1,538,885
County of Dona Ana New Mexico, 5.25%, 12/1/25 (Pre-Refunded) 1,000,000 $1,026,378
County of Fairfax Virginia, 4.0%, 4/1/19 7,765,000 $8,770,757
County of Florence South Carolina, 4.0%, 6/1/20 7,500,000 $8,677,975
County of Frederick Maryland, 5.625%, 9/1/38 3,000,000 $3,047,670
County of Lake Ohio, 6.0%, 8/15/43 5,000,000 $5,635,867
County of Madison Florida, 6.0%, 7/1/25 445,000 $302,345
County of McLean North Dakota, 5.15%, 7/1/40 5,000,000 $5,422,661
County of Miami-Dade Florida Aviation Revenue, 5.5%, 10/1/41 5,000,000 $5,733,306
County of Warren Mississippi, 5.8%, 5/1/34 2,750,000 $3,111,463
Dallas Area Rapid Transit, 5.25%, 12/1/29 8,285,000 $10,774,132
Dallas County Utility & Reclamation District, 5.375%, 2/15/29 10,000,000 $10,877,578
Delaware State Economic Development Authority, 5.375%, 10/1/45 5,000,000 $5,493,099
Deschutes & Jefferson Counties School District No 2J Redmond Oregon, 3.0%, 6/15/32 3,000,000 $2,998,040
District of Columbia, 4.25%, 6/1/37 7,950,000 $8,218,979
District of Columbia Tobacco Settlement Financing Corp., 6.75%, 5/15/40 10,000,000 $10,025,050
Escambia County Health Facilities Authority, 6.0%, 8/15/36 3,000,000 $3,504,190
Florida's Turnpike Enterprise, 4.0%, 7/1/30 5,000,000 $5,407,539
Florida Development Finance Corp., 6.0%, 9/15/30 1,390,000 $1,469,832
Franklin-Mckinley School District, 6.0%, 7/1/16 645,000 $717,296
Fresno Joint Powers Financing Authority, 4.75%, 9/1/28 2,100,000 $2,124,215
FYI Properties, 5.5%, 6/1/39 10,000,000 $11,630,444
Golden State Tobacco Securitization Corp., 5.125%, 6/1/47 15,000,000 $11,822,104
Harris County Cultural Education Facilities Finance Corp., 5.0%, 6/1/28 1,000,000 $1,121,932
Harris County Cultural Education Facilities Finance Corp., 5.0%, 6/1/33 500,000 $550,361
Health & Educational Facilities Authority of the State of Missouri, 4.0%, 11/15/45 8,550,000 $8,394,561
Houston Higher Education Finance Corp., 5.0%, 5/15/35 2,750,000 $3,125,415
Illinois Finance Authority, 5.25%, 5/1/40 1,000,000 $1,075,543
Illinois Finance Authority, 5.5%, 8/15/30 4,000,000 $4,352,636
Illinois Finance Authority, 6.0%, 8/15/25 1,600,000 $1,667,653
Illinois Finance Authority, 6.125%, 5/15/27 1,000,000 $1,010,192
Illinois Finance Authority, 6.5%, 4/1/39 5,000,000 $5,532,761
Indiana Bond Bank, 5.5%, 2/1/29 2,000,000 $2,299,436
Indiana Finance Authority, 6.0%, 12/1/26 2,000,000 $2,277,733
Indiana Health & Educational Facilities Financing Authority, 4.75%, 2/15/34 5,000,000 $5,141,411
Indiana Health & Educational Facilities Financing Authority, 5.0%, 2/15/39 7,000,000 $7,243,771
Indianapolis Local Public Improvement Bond Bank, 6.0%, 1/10/20 440,000 $496,891
Jefferson Parish Hospital Service District No 2, 6.375%, 7/1/41 6,000,000 $6,826,790
JobsOhio Beverage System, 5.0%, 1/1/38 10,000,000 $11,411,456
John Tolfree Health System Corp., 6.0%, 9/15/23 1,385,000 $1,402,982
King County Housing Authority, 5.5%, 5/1/38 10,000,000 $11,156,078
King County Public Hospital District No 1, 5.25%, 12/1/37 3,000,000 $3,286,435
King County School District No 411 Issaquah, 4.5%, 12/1/30 3,000,000 $3,451,425
Lehigh County Industrial Development Authority, 4.75%, 2/15/27 5,000,000 $5,082,261
Long Beach Bond Finance Authority, 5.5%, 11/15/37 3,000,000 $3,668,037
Louisiana Local Government Environmental Facilities & Community Development Authority, 5.25%, 12/1/1 615,000 $651,167
Louisiana Public Facilities Authority, 5.5%, 5/15/47 10,000,000 $10,526,389
Louisiana State Citizens Property Insurance Corp., 5.0%, 6/1/24 500,000 $591,086
Louisiana State Citizens Property Insurance Corp., 5.0%, 6/1/24 400,000 $469,641
Maine Health & Higher Educational Facilities Authority, 6.75%, 7/1/36 4,500,000 $5,193,900
Maine Health & Higher Educational Facilities Authority, 6.95%, 7/1/41 3,040,000 $3,524,522
Maricopa County Pollution Control Corp., 5.0%, 6/1/35 1,000,000 $1,145,562
Maryland Economic Development Corp., 5.0%, 12/1/16 900,000 $447,590
Maryland Economic Development Corp., 5.0%, 12/1/16 400,000 $198,929
Maryland Economic Development Corp., 5.0%, 12/1/31 1,000,000 $497,322
Maryland Economic Development Corp., 6.2%, 9/1/22 2,000,000 $2,407,671
Maryland Health & Higher Educational Facilities Authority, 5.0%, 11/15/51 6,250,000 $6,873,465
Massachusetts Development Finance Agency, 4.0%, 10/1/35 2,000,000 $2,057,429
Massachusetts Development Finance Agency, 4.0%, 9/1/49 2,500,000 $2,547,744
Massachusetts Development Finance Agency, 5.0%, 10/1/21 1,000,000 $1,189,146
Massachusetts Development Finance Agency, 5.0%, 10/1/22 1,000,000 $1,175,296
Massachusetts Development Finance Agency, 5.0%, 10/1/30 1,000,000 $1,097,306
Massachusetts Development Finance Agency, 5.0%, 10/1/48 4,000,000 $4,437,982
Massachusetts Development Finance Agency, 5.0%, 3/1/39 450,000 $511,876
Massachusetts Development Finance Agency, 5.0%, 6/1/25 1,585,000 $1,871,223
Massachusetts Development Finance Agency, 5.0%, 7/1/43 4,200,000 $4,877,273
Massachusetts Development Finance Agency, 5.0%, 7/1/44 4,000,000 $4,310,862
Massachusetts Development Finance Agency, 5.0%, 9/1/50 1,250,000 $1,382,753
Massachusetts Development Finance Agency, 5.125%, 7/1/26 1,000,000 $1,081,209
Massachusetts Development Finance Agency, 5.25%, 10/1/29 1,680,000 $1,827,451
Massachusetts Development Finance Agency, 5.25%, 10/1/37 3,320,000 $3,577,726
Massachusetts Development Finance Agency, 5.375%, 4/1/41 1,980,000 $2,244,270
Massachusetts Development Finance Agency, 5.5%, 1/1/35 500,000 $511,686
Massachusetts Development Finance Agency, 5.625%, 7/15/36 400,000 $452,011
Massachusetts Development Finance Agency, 5.75%, 1/1/42 6,185,000 $7,994,415
Massachusetts Development Finance Agency, 5.75%, 7/15/43 500,000 $566,676
Massachusetts Development Finance Agency, 6.25%, 10/15/17 1,855,000 $2,017,496
Massachusetts Development Finance Agency, 6.75%, 1/1/36 1,000,000 $1,214,260
Massachusetts Development Finance Agency, 7.0%, 7/1/42 1,000,000 $1,162,718
Massachusetts Health & Educational Facilities Authority, 4.125%, 10/1/37 2,000,000 $2,071,992
Massachusetts Health & Educational Facilities Authority, 4.625%, 8/15/28 4,500,000 $4,559,990
Massachusetts Health & Educational Facilities Authority, 5.25%, 7/1/38 3,750,000 $4,022,038
Massachusetts Health & Educational Facilities Authority, 5.375%, 7/1/35 2,335,000 $2,547,152
Massachusetts Health & Educational Facilities Authority, 5.5%, 11/15/36 3,400,000 $3,959,398
Massachusetts Health & Educational Facilities Authority, 5.5%, 7/1/32 12,000,000 $16,606,333
Massachusetts Health & Educational Facilities Authority, 5.5%, 7/1/36 (Pre-Refunded) 1,000,000 $1,189,461
Massachusetts Port Authority, 5.0%, 7/1/32 1,000,000 $1,155,416
Massachusetts Port Authority, 5.0%, 7/1/33 1,000,000 $1,153,236
Massachusetts School Building Authority, 5.0%, 8/15/29 7,000,000 $8,337,801
Massachusetts State College Building Authority, 5.0%, 5/1/28 3,975,000 $4,699,320
Massachusetts Water Resources Authority, 5.25%, 8/1/36 2,420,000 $3,139,873
McGee Creek Authority, 6.0%, 1/1/23 5,165,000 $5,889,684
Metropolitan Pier & Exposition Authority, 0.0%, 6/15/39 20,000,000 $6,257,400
Metropolitan Pier & Exposition Authority, 7.0%, 7/1/26 (Pre-Refunded) 5,000,000 $6,845,639
Michigan Public Educational Facilities Authority, 5.875%, 6/1/37 3,165,000 $3,289,159
Michigan State Hospital Finance Authority, 5.25%, 11/15/25 2,000,000 $2,006,903
Michigan State Hospital Finance Authority, 5.5%, 11/15/35 1,000,000 $1,002,769
Missouri Development Finance Board, 5.25%, 11/1/42 2,000,000 $2,229,067
Missouri State Environmental Improvement & Energy Resources Authority, 5.125%, 1/1/20 75,000 $76,886
Mohegan Tribe of Indians of Connecticut, 6.25%, 1/1/31 2,470,000 $2,530,057
Monroe County Development Authority, Floating Rate Note, 7/1/25 2,000,000 $2,072,544
Montgomery County Industrial Development Authority Pennsylvania, 5.0%, 12/1/24 1,000,000 $1,051,612
Montgomery County Industrial Development Authority Pennsylvania, 5.0%, 12/1/30 1,000,000 $1,044,062
Multnomah County School District No 40, 0.0%, 6/15/30 2,000,000 $1,124,180
Multnomah County School District No 40, 0.0%, 6/15/31 2,000,000 $1,054,060
Multnomah County School District No 40, 0.0%, 6/15/32 1,715,000 $858,306
New Hampshire Health and Education Facilities Authority Act, 5.0%, 10/1/32 5,000,000 $5,380,928
New Hampshire Health and Education Facilities Authority Act, 5.0%, 10/1/37 3,750,000 $3,994,446
New Jersey Economic Development Authority, 5.3%, 11/1/26 475,000 $429,406
New Jersey Economic Development Authority, 5.375%, 11/1/36 450,000 $369,635
New Jersey Educational Facilities Authority, 5.0%, 7/1/39 3,000,000 $3,479,567
New Jersey Health Care Facilities Financing Authority, 5.25%, 7/1/30 5,115,000 $5,561,557
New Jersey Transportation Trust Fund Authority, 5.5%, 6/15/41 2,000,000 $2,292,251
New York State Dormitory Authority, 5.0%, 10/1/41 5,030,000 $5,758,422
New York State Dormitory Authority, 5.25%, 7/1/24 5,515,000 $6,458,194
North Texas Tollway Authority, 5.0%, 1/1/38 2,000,000 $2,228,011
Oregon Health & Science University, 4.0%, 7/1/31 1,000,000 $1,067,204
Pennsylvania Higher Educational Facilities Authority, 5.0%, 7/1/42 1,000,000 $1,065,596
Pennsylvania Higher Educational Facilities Authority, 6.0%, 7/1/43 1,000,000 $1,115,057
Pennsylvania Higher Educational Facilities Authority, Floating Rate Note, 7/1/39 11,500,000 $9,064,945
Pennsylvania Turnpike Commission, 5.3%, 12/1/41 5,000,000 $5,717,378
Philadelphia Authority for Industrial Development, 5.0%, 7/1/42 2,500,000 $2,845,764
Pomona Unified School District, 6.55%, 8/1/29 2,180,000 $2,967,676
Port Authority of New York & New Jersey, 6.125%, 6/1/94 1,500,000 $1,817,617
Private Colleges & Universities Authority, 5.0%, 10/1/43 2,750,000 $3,152,890
Public Utility District No. 1 of Franklin County, 5.0%, 9/1/38 1,500,000 $1,657,128
Regional Transportation District, 6.0%, 1/15/26 2,500,000 $2,927,808
Regional Transportation District, 6.0%, 1/15/34 1,250,000 $1,432,904
Regional Transportation District, 6.0%, 1/15/41 1,000,000 $1,140,913
Regional Transportation District, 6.5%, 1/15/30 2,000,000 $2,369,129
Rialto Redevelopment Agency, 6.25%, 9/1/37 3,000,000 $3,425,003
San Jose Evergreen Community College District, 5.0%, 8/1/41 1,500,000 $1,704,808
Santa Cruz County Redevelopment Agency, 6.625%, 9/1/29 1,500,000 $1,785,202
Santa Maria Joint Union High School District, 0.0%, 8/1/27 1,405,000 $886,850
SHELL 200 $610,000
South Carolina State Public Service Authority, 5.0%, 12/1/43 8,265,000 $9,281,696
South Carolina State Public Service Authority, 5.5%, 12/1/54 5,000,000 $5,801,344
South Dakota Conservancy District, 5.625%, 8/1/17 (Pre-Refunded) 65,000 $66,492
State of Arkansas, 5.0%, 10/1/18 6,345,000 $7,374,829
State of Connecticut, 4.0%, 9/1/30 5,000,000 $5,439,906
State of Georgia, 4.0%, 10/1/22 5,000,000 $5,814,422
State of Georgia, 5.0%, 12/1/18 7,665,000 $9,091,627
State of Maryland, 4.5%, 8/1/19 3,500,000 $4,084,290
State of Maryland, 5.0%, 3/1/21 10,000,000 $12,193,822
State of Minnesota, 4.0%, 8/1/17 5,025,000 $5,545,143
State of South Carolina, 5.0%, 4/1/20 500,000 $599,833
State of Washington, 5.0%, 8/1/36 5,000,000 $5,815,894
St Johns County Industrial Development Authority, 6.0%, 8/1/45 3,400,000 $3,883,979
Sylacauga Health Care Authority, 6.0%, 8/1/35 (Pre-Refunded) 1,500,000 $1,584,190
Texas Municipal Gas Acquisition & Supply Corp III, 5.0%, 12/15/31 4,000,000 $4,461,751
Texas Private Activity Bond Surface Transportation Corp., 7.0%, 6/30/40 10,410,000 $12,830,244
Texas State Public Finance Authority Charter School Finance Corp., 6.2%, 2/15/40 2,255,000 $2,634,113
Texas Transportation Commission State Highway Fund, 5.0%, 4/1/23 4,500,000 $5,573,545
The Industrial Development Authority of the County of Pima, 6.1%, 6/1/45 500,000 $536,831
The Industrial Development Authority of the County of Pima, 6.75%, 7/1/31 19,000 $19,544
The University of Texas System, 5.0%, 8/15/20 6,100,000 $7,396,155
The University of Texas System, 5.0%, 8/15/24 5,000,000 $6,290,622
Tobacco Securitization Authority of Southern California, 5.0%, 6/1/37 3,750,000 $3,118,208
Tobacco Securitization Authority of Southern California, 5.125%, 6/1/46 1,125,000 $902,712
Tobacco Settlement Financing Corp. Rhode Island, 6.25%, 6/1/42 5,200,000 $5,360,122
Tobacco Settlement Financing Corp. Virginia, 5.0%, 6/1/47 13,990,000 $10,136,206
Town of Chatham Massachusetts, 3.5%, 6/15/37 2,000,000 $2,042,329
Town of Wilmington Massachusetts, 4.0%, 3/15/37 4,500,000 $4,692,340
University of Massachusetts Building Authority, 5.0%, 11/1/39 2,500,000 $2,831,797
University of Minnesota, 3.0%, 1/1/18 1,445,000 $1,558,240
University of Minnesota, 4.0%, 1/1/20 600,000 $688,359
University of Minnesota, 4.0%, 1/1/29 1,000,000 $1,102,396
University of Minnesota, 4.0%, 1/1/30 860,000 $943,046
University of Missouri, 5.0%, 11/1/25 5,500,000 $6,838,694
University of Virginia, 5.0%, 6/1/37 4,000,000 $4,747,849
University of Virginia, 5.0%, 6/1/43 5,000,000 $5,869,611
University of Washington, 5.0%, 6/1/37 5,600,000 $6,253,420
Utah State Charter School Finance Authority, 5.75%, 7/15/20 500,000 $554,136
Virginia Public School Authority, 4.0%, 8/1/25 5,000,000 $5,761,356
Washington County Industrial Development Authority Virginia, 7.75%, 7/1/38 7,500,000 $9,110,333
Washington Health Care Facilities Authority, 5.25%, 10/1/33 5,000,000 $5,633,642
Washington Health Care Facilities Authority, 6.125%, 8/15/37 2,400,000 $2,679,227
Washington State Housing Finance Commission, 5.25%, 1/1/17 1,635,000 $1,695,092
Washington Suburban Sanitary Commission, 4.0%, 6/1/16 7,300,000 $7,873,804
Washington Suburban Sanitary Commission, 4.0%, 6/1/43 3,880,000 $4,038,925
Washington Suburban Sanitary Commission, 4.0%, 6/1/44 3,735,000 $3,884,923
Wisconsin Health & Educational Facilities Authority, 5.125%, 8/15/35 3,000,000 $3,277,037

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.