Pioneer AMT-Free Municipal Fund

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

Security Name Par / Shares Market Value
Adams-Friendship Area School District, 6.5%, 4/1/16 1,430,000 $1,555,092
Alameda Corridor Transportation Authority, 0.0%, 10/1/31 10,000,000 $4,991,500
Albany Industrial Development Agency, 5.25%, 11/15/32 2,500,000 $2,786,521
Allentown Area Hospital Authority, 6.0%, 11/15/16 (Pre-Refunded) 1,500,000 $1,586,665
Anaheim Public Financing Authority, 0.0%, 9/1/22 410,000 $333,510
Anaheim Public Financing Authority, 0.0%, 9/1/36 12,595,000 $4,405,101
Arizona Health Facilities Authority, 5.5%, 1/1/38 5,145,000 $5,671,917
Beaver County Industrial Development Authority, Floating Rate Note, 12/1/35 5,000,000 $5,199,714
BlackRock Liquidity Funds MuniFund Portfolio 4,000,000 $4,000,000
Buckeye Tobacco Settlement Financing Authority, 5.75%, 6/1/34 10,000,000 $8,114,083
Buckeye Tobacco Settlement Financing Authority, 6.5%, 6/1/47 6,000,000 $5,301,680
Burke County Development Authority, 7.0%, 1/1/23 5,750,000 $6,804,167
California County Tobacco Securitization Agency, 0.0%, 6/1/33 3,370,000 $879,637
California Health Facilities Financing Authority, 5.625%, 7/1/32 (Pre-Refunded) 2,000,000 $2,109,880
California Municipal Finance Authority, 5.25%, 2/1/37 4,000,000 $4,228,940
California Statewide Communities Development Authority, 5.0%, 5/15/30 4,875,000 $5,132,135
California Statewide Communities Development Authority, 5.75%, 7/1/47 10,000,000 $11,526,167
California Statewide Communities Development Authority, 5.75%, 8/15/38 4,000,000 $4,484,956
Central Texas Regional Mobility Authority, 0.0%, 1/1/25 7,100,000 $4,723,062
Central Texas Regional Mobility Authority, 0.0%, 1/1/26 3,000,000 $1,900,530
Central Texas Regional Mobility Authority, 0.0%, 1/1/27 3,000,000 $1,794,210
Central Texas Regional Mobility Authority, 6.75%, 1/1/41 2,500,000 $2,999,450
City of Pearland Texas, 4.0%, 3/1/29 5,000,000 $5,353,833
City of Phoenix Arizona, 4.0%, 7/1/21 5,000,000 $5,806,156
City of Raleigh North Carolina, 5.0%, 9/1/20 4,000,000 $4,853,653
City of Tallahassee Florida, 6.375%, 12/1/30 7,500,000 $7,727,119
Colorado Health Facilities Authority, Floating Rate Note, 11/15/35 2,750,000 $3,005,085
Commonwealth of Massachusetts, Floating Rate Note, 11/1/25 6,400,000 $6,340,110
County of Cuyahoga Ohio, 6.0%, 5/15/37 1,500,000 $1,579,690
County of Cuyahoga Ohio, 6.0%, 5/15/42 1,500,000 $1,577,530
County of Dona Ana New Mexico, 5.25%, 12/1/25 (Pre-Refunded) 1,000,000 $1,026,125
County of Fairfax Virginia, 4.0%, 4/1/19 7,765,000 $8,766,245
County of Florence South Carolina, 4.0%, 6/1/20 7,500,000 $8,681,717
County of Frederick Maryland, 5.625%, 9/1/38 3,000,000 $3,033,795
County of Lake Ohio, 6.0%, 8/15/43 5,000,000 $5,628,733
County of Madison Florida, 6.0%, 7/1/25 445,000 $299,659
County of McLean North Dakota, 5.15%, 7/1/40 5,000,000 $5,402,133
County of Miami-Dade Florida Aviation Revenue, 5.5%, 10/1/41 5,000,000 $5,733,267
County of Warren Mississippi, 5.8%, 5/1/34 2,750,000 $3,153,920
Dallas Area Rapid Transit, 5.25%, 12/1/29 8,285,000 $10,842,787
Dallas County Utility & Reclamation District, 5.375%, 2/15/29 10,000,000 $10,862,872
Delaware State Economic Development Authority, 5.375%, 10/1/45 5,000,000 $5,370,396
Deschutes & Jefferson Counties School District No 2J Redmond Oregon, 3.0%, 6/15/32 3,000,000 $2,999,560
District of Columbia, 4.25%, 6/1/37 7,950,000 $8,193,416
District of Columbia Tobacco Settlement Financing Corp., 6.75%, 5/15/40 10,000,000 $10,309,750
Escambia County Health Facilities Authority, 6.0%, 8/15/36 3,000,000 $3,499,070
Florida's Turnpike Enterprise, 4.0%, 7/1/30 5,000,000 $5,428,883
Florida Development Finance Corp., 6.0%, 9/15/30 1,390,000 $1,462,637
Franklin-Mckinley School District, 6.0%, 7/1/16 645,000 $716,814
Fresno Joint Powers Financing Authority, 4.75%, 9/1/28 2,100,000 $2,116,457
FYI Properties, 5.5%, 6/1/39 10,000,000 $11,626,767
Golden State Tobacco Securitization Corp., 5.125%, 6/1/47 15,000,000 $11,458,713
Harris County Cultural Education Facilities Finance Corp., 5.0%, 6/1/28 1,000,000 $1,121,063
Harris County Cultural Education Facilities Finance Corp., 5.0%, 6/1/33 500,000 $549,817
Houston Higher Education Finance Corp., 5.0%, 5/15/35 2,750,000 $3,198,375
Illinois Finance Authority, 5.25%, 5/1/40 1,000,000 $1,097,610
Illinois Finance Authority, 5.5%, 8/15/30 4,000,000 $4,346,924
Illinois Finance Authority, 6.0%, 8/15/25 1,600,000 $1,665,115
Illinois Finance Authority, 6.125%, 5/15/27 1,000,000 $1,037,543
Illinois Finance Authority, 6.5%, 4/1/39 5,000,000 $5,521,283
Indiana Bond Bank, 5.5%, 2/1/29 2,000,000 $2,300,620
Indiana Finance Authority, 6.0%, 12/1/26 2,000,000 $2,265,920
Indiana Health & Educational Facilities Financing Authority, 4.75%, 2/15/34 5,000,000 $5,129,889
Indiana Health & Educational Facilities Financing Authority, 5.0%, 2/15/39 7,000,000 $7,227,819
Indianapolis Local Public Improvement Bond Bank, 6.0%, 1/10/20 440,000 $496,712
Jefferson Parish Hospital Service District No 2, 6.375%, 7/1/41 6,000,000 $6,799,800
JobsOhio Beverage System, 5.0%, 1/1/38 10,000,000 $11,382,167
John Tolfree Health System Corp., 6.0%, 9/15/23 1,385,000 $1,396,519
King County Housing Authority, 5.5%, 5/1/38 10,000,000 $11,432,400
King County Public Hospital District No 1, 5.25%, 12/1/37 3,000,000 $3,283,215
King County School District No 411 Issaquah, 4.5%, 12/1/30 3,000,000 $3,465,075
Lehigh County Industrial Development Authority, 4.75%, 2/15/27 5,000,000 $5,068,889
Long Beach Bond Finance Authority, 5.5%, 11/15/37 3,000,000 $3,749,283
Louisiana Local Government Environmental Facilities & Community Development Authority, 5.25%, 12/1/1 615,000 $648,982
Louisiana Public Facilities Authority, 5.5%, 5/15/47 10,000,000 $10,775,111
Louisiana State Citizens Property Insurance Corp., 5.0%, 6/1/24 400,000 $468,861
Louisiana State Citizens Property Insurance Corp., 5.0%, 6/1/24 500,000 $590,152
Maine Health & Higher Educational Facilities Authority, 6.75%, 7/1/36 4,500,000 $5,172,975
Maine Health & Higher Educational Facilities Authority, 6.95%, 7/1/41 3,040,000 $3,510,004
Maricopa County Pollution Control Corp., 5.0%, 6/1/35 1,000,000 $1,145,103
Maryland Economic Development Corp., 5.0%, 12/1/16 400,000 $197,453
Maryland Economic Development Corp., 5.0%, 12/1/16 900,000 $444,270
Maryland Economic Development Corp., 5.0%, 12/1/31 1,000,000 $493,633
Maryland Economic Development Corp., 6.2%, 9/1/22 2,000,000 $2,407,227
Maryland Health & Higher Educational Facilities Authority, 5.0%, 11/15/51 6,250,000 $7,023,535
Massachusetts Development Finance Agency, 4.0%, 10/1/35 2,000,000 $2,055,747
Massachusetts Development Finance Agency, 4.0%, 9/1/49 2,500,000 $2,540,167
Massachusetts Development Finance Agency, 5.0%, 10/1/21 1,000,000 $1,189,767
Massachusetts Development Finance Agency, 5.0%, 10/1/22 1,000,000 $1,173,107
Massachusetts Development Finance Agency, 5.0%, 10/1/30 1,000,000 $1,096,867
Massachusetts Development Finance Agency, 5.0%, 10/1/48 4,000,000 $4,425,387
Massachusetts Development Finance Agency, 5.0%, 3/1/39 450,000 $510,513
Massachusetts Development Finance Agency, 5.0%, 6/1/25 1,585,000 $1,870,797
Massachusetts Development Finance Agency, 5.0%, 7/1/43 4,200,000 $4,868,836
Massachusetts Development Finance Agency, 5.0%, 7/1/44 4,000,000 $4,299,867
Massachusetts Development Finance Agency, 5.0%, 9/1/50 1,250,000 $1,378,879
Massachusetts Development Finance Agency, 5.125%, 7/1/26 1,000,000 $1,080,193
Massachusetts Development Finance Agency, 5.25%, 10/1/29 1,680,000 $1,825,614
Massachusetts Development Finance Agency, 5.25%, 10/1/37 3,320,000 $3,574,362
Massachusetts Development Finance Agency, 5.375%, 4/1/41 1,980,000 $2,238,666
Massachusetts Development Finance Agency, 5.5%, 1/1/35 500,000 $509,907
Massachusetts Development Finance Agency, 5.625%, 7/15/36 400,000 $451,189
Massachusetts Development Finance Agency, 5.75%, 1/1/42 6,185,000 $7,992,113
Massachusetts Development Finance Agency, 5.75%, 7/15/43 500,000 $565,225
Massachusetts Development Finance Agency, 6.25%, 10/15/17 1,855,000 $2,011,113
Massachusetts Development Finance Agency, 6.75%, 1/1/36 1,000,000 $1,212,290
Massachusetts Development Finance Agency, 7.0%, 7/1/42 1,000,000 $1,157,763
Massachusetts Health & Educational Facilities Authority, 4.125%, 10/1/37 2,000,000 $2,066,075
Massachusetts Health & Educational Facilities Authority, 4.625%, 8/15/28 4,500,000 $4,544,163
Massachusetts Health & Educational Facilities Authority, 5.25%, 7/1/38 3,750,000 $4,011,713
Massachusetts Health & Educational Facilities Authority, 5.375%, 7/1/35 2,335,000 $2,544,162
Massachusetts Health & Educational Facilities Authority, 5.5%, 11/15/36 3,400,000 $4,058,040
Massachusetts Health & Educational Facilities Authority, 5.5%, 7/1/32 12,000,000 $16,710,760
Massachusetts Health & Educational Facilities Authority, 5.5%, 7/1/36 (Pre-Refunded) 1,000,000 $1,186,633
Massachusetts Port Authority, 5.0%, 7/1/32 1,000,000 $1,154,897
Massachusetts Port Authority, 5.0%, 7/1/33 1,000,000 $1,151,967
Massachusetts School Building Authority, 5.0%, 8/15/29 7,000,000 $8,359,579
Massachusetts State College Building Authority, 5.0%, 5/1/28 3,975,000 $4,798,859
Massachusetts Water Resources Authority, 5.25%, 8/1/36 2,420,000 $3,140,277
McGee Creek Authority, 6.0%, 1/1/23 5,165,000 $5,888,720
Metropolitan Pier & Exposition Authority, 0.0%, 6/15/39 20,000,000 $6,418,000
Metropolitan Pier & Exposition Authority, 7.0%, 7/1/26 (Pre-Refunded) 5,000,000 $6,837,117
Michigan Public Educational Facilities Authority, 5.875%, 6/1/37 3,165,000 $3,273,937
Michigan State Hospital Finance Authority, 5.25%, 11/15/25 2,000,000 $2,051,637
Michigan State Hospital Finance Authority, 5.5%, 11/15/35 1,000,000 $1,026,021
Missouri Development Finance Board, 5.25%, 11/1/42 2,000,000 $2,271,800
Missouri State Environmental Improvement & Energy Resources Authority, 5.125%, 1/1/20 75,000 $76,587
Mohegan Tribe of Indians of Connecticut, 6.25%, 1/1/31 2,470,000 $2,517,951
Monroe County Development Authority, Floating Rate Note, 7/1/25 2,000,000 $2,070,313
Montgomery County Industrial Development Authority Pennsylvania, 5.0%, 12/1/24 1,000,000 $1,050,103
Montgomery County Industrial Development Authority Pennsylvania, 5.0%, 12/1/30 1,000,000 $1,041,543
Multnomah County School District No 40, 0.0%, 6/15/30 2,000,000 $1,124,500
Multnomah County School District No 40, 0.0%, 6/15/31 2,000,000 $1,054,440
Multnomah County School District No 40, 0.0%, 6/15/32 1,715,000 $858,735
New Hampshire Health and Education Facilities Authority Act, 5.0%, 10/1/32 5,000,000 $5,376,083
New Hampshire Health and Education Facilities Authority Act, 5.0%, 10/1/37 3,750,000 $3,988,563
New Jersey Economic Development Authority, 5.3%, 11/1/26 475,000 $439,499
New Jersey Economic Development Authority, 5.375%, 11/1/36 450,000 $379,325
New Jersey Educational Facilities Authority, 5.0%, 7/1/39 3,000,000 $3,472,220
New Jersey Health Care Facilities Financing Authority, 5.25%, 7/1/30 5,115,000 $5,555,453
New Jersey Transportation Trust Fund Authority, 5.5%, 6/15/41 2,000,000 $2,274,836
New York State Dormitory Authority, 5.0%, 10/1/41 5,030,000 $5,748,871
New York State Dormitory Authority, 5.25%, 7/1/24 5,515,000 $6,445,932
North Texas Tollway Authority, 5.0%, 1/1/38 2,000,000 $2,213,993
Oregon Health & Science University, 4.0%, 7/1/31 1,000,000 $1,067,303
Pennsylvania Higher Educational Facilities Authority, 5.0%, 7/1/42 1,000,000 $1,059,137
Pennsylvania Higher Educational Facilities Authority, 6.0%, 7/1/43 1,000,000 $1,110,390
Pennsylvania Higher Educational Facilities Authority, Floating Rate Note, 7/1/39 11,500,000 $9,008,712
Pennsylvania Turnpike Commission, 5.3%, 12/1/41 5,000,000 $5,514,917
Philadelphia Authority for Industrial Development, 5.0%, 7/1/42 2,500,000 $2,860,117
Pomona Unified School District, 6.55%, 8/1/29 2,180,000 $2,970,828
Port Authority of New York & New Jersey, 6.125%, 6/1/94 1,500,000 $1,816,156
Private Colleges & Universities Authority, 5.0%, 10/1/43 2,750,000 $3,147,311
Public Utility District No. 1 of Franklin County, 5.0%, 9/1/38 1,500,000 $1,652,300
Regional Transportation District, 6.0%, 1/15/26 2,500,000 $2,927,567
Regional Transportation District, 6.0%, 1/15/34 1,250,000 $1,428,921
Regional Transportation District, 6.0%, 1/15/41 1,000,000 $1,137,657
Regional Transportation District, 6.5%, 1/15/30 2,000,000 $2,362,878
Rialto Redevelopment Agency, 6.25%, 9/1/37 3,000,000 $3,422,690
San Jose Evergreen Community College District, 5.0%, 8/1/41 1,500,000 $1,701,615
Santa Cruz County Redevelopment Agency, 6.625%, 9/1/29 1,500,000 $1,785,813
Santa Maria Joint Union High School District, 0.0%, 8/1/27 1,405,000 $886,653
SHELL 200 $610,000
South Carolina State Public Service Authority, 5.0%, 12/1/43 8,265,000 $9,233,851
South Carolina State Public Service Authority, 5.5%, 12/1/54 5,000,000 $5,780,056
South Dakota Conservancy District, 5.625%, 8/1/17 (Pre-Refunded) 65,000 $66,208
State of Arkansas, 5.0%, 10/1/18 6,345,000 $7,368,935
State of Connecticut, 4.0%, 9/1/30 5,000,000 $5,422,550
State of Georgia, 4.0%, 10/1/22 5,000,000 $5,817,867
State of Georgia, 5.0%, 12/1/18 7,665,000 $9,081,671
State of Maryland, 4.5%, 8/1/19 3,500,000 $4,087,055
State of Maryland, 5.0%, 3/1/21 10,000,000 $12,194,233
State of Minnesota, 4.0%, 8/1/17 5,025,000 $5,540,716
State of South Carolina, 5.0%, 4/1/20 500,000 $599,988
State of Washington, 5.0%, 8/1/36 5,000,000 $5,814,400
St Johns County Industrial Development Authority, 6.0%, 8/1/45 3,400,000 $3,874,946
Sylacauga Health Care Authority, 6.0%, 8/1/35 (Pre-Refunded) 1,500,000 $1,583,250
Texas Municipal Gas Acquisition & Supply Corp III, 5.0%, 12/15/31 4,000,000 $4,454,956
Texas Private Activity Bond Surface Transportation Corp., 7.0%, 6/30/40 10,410,000 $12,800,425
Texas State Public Finance Authority Charter School Finance Corp., 6.2%, 2/15/40 2,255,000 $2,584,160
Texas Transportation Commission State Highway Fund, 5.0%, 4/1/23 4,500,000 $5,570,535
The Industrial Development Authority of the County of Pima, 6.1%, 6/1/45 500,000 $534,338
The Industrial Development Authority of the County of Pima, 6.75%, 7/1/31 19,000 $19,458
The University of Texas System, 5.0%, 8/15/20 6,100,000 $7,402,201
The University of Texas System, 5.0%, 8/15/24 5,000,000 $6,322,778
Tobacco Securitization Authority of Southern California, 5.0%, 6/1/37 3,750,000 $3,072,800
Tobacco Securitization Authority of Southern California, 5.125%, 6/1/46 1,125,000 $865,096
Tobacco Settlement Financing Corp. Rhode Island, 6.25%, 6/1/42 5,200,000 $5,334,793
Tobacco Settlement Financing Corp. Virginia, 5.0%, 6/1/47 13,990,000 $9,839,493
Town of Chatham Massachusetts, 3.5%, 6/15/37 2,000,000 $2,036,944
Town of Wilmington Massachusetts, 4.0%, 3/15/37 4,500,000 $4,691,660
University of Massachusetts Building Authority, 5.0%, 11/1/39 2,500,000 $2,889,200
University of Minnesota, 3.0%, 1/1/18 1,445,000 $1,557,715
University of Minnesota, 4.0%, 1/1/20 600,000 $687,963
University of Minnesota, 4.0%, 1/1/29 1,000,000 $1,101,614
University of Minnesota, 4.0%, 1/1/30 860,000 $943,045
University of Missouri, 5.0%, 11/1/25 5,500,000 $6,964,393
University of Virginia, 5.0%, 6/1/37 4,000,000 $4,737,293
University of Virginia, 5.0%, 6/1/43 5,000,000 $5,859,917
University of Washington, 5.0%, 6/1/37 5,600,000 $6,254,211
Utah State Charter School Finance Authority, 5.75%, 7/15/20 500,000 $552,675
Virginia Public School Authority, 4.0%, 8/1/25 5,000,000 $5,759,950
Washington County Industrial Development Authority Virginia, 7.75%, 7/1/38 7,500,000 $9,027,400
Washington Health Care Facilities Authority, 5.25%, 10/1/33 5,000,000 $5,648,925
Washington Health Care Facilities Authority, 6.125%, 8/15/37 2,400,000 $2,669,329
Washington State Housing Finance Commission, 5.25%, 1/1/17 1,635,000 $1,688,890
Washington Suburban Sanitary Commission, 4.0%, 6/1/16 7,300,000 $7,872,117
Wisconsin Health & Educational Facilities Authority, 5.125%, 8/15/35 3,000,000 $3,274,318

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