Pioneer Emerging Markets Fund

Top 10 Portfolio Holdings as of 7/31/2014
Default: sorted by market value

Security Name Par / Shares Market Value
Air Arabia PJSC 8,502,497 $3,205,599
Aramex PJSC 715,131 $651,472
ASM Pacific Technology, Ltd. 128,200 $1,362,438
Astaldi S.p.A. 1,192,299 $11,473,507
Bidvest Group, Ltd. 18,287 $492,699
Bradespar SA 227,956 $2,311,315
Cemex SAB de CV 658,760 $828,761
China Conch Venture Holdings, Ltd. 4,017,500 $9,741,871
China Construction Bank Corp. 3,766,000 $2,896,700
China Hongqiao Group, Ltd. 1,168,000 $998,752
China ITS Holdings Co, Ltd. 50,799,000 $8,192,023
China Life Insurance Co, Ltd./Taiwan 869,000 $827,318
China Overseas Land & Investment, Ltd. 374,000 $1,136,157
China Petroleum & Chemical Corp. 2,957,200 $2,926,072
Copa Holdings SA 1,703 $258,635
Cosan SA Industria e Comercio 439,506 $7,201,745
Credicorp, Ltd. 10,210 $1,510,263
Credito Real SAB de CV 462,678 $1,046,899
CSR Corp, Ltd. 648,000 $583,183
Dayang Enterprise Holdings Bhd 791,400 $939,791
Erste Group Bank AG 94,783 $2,430,335
FF Group 43,677 $1,822,757
First Pacific Co, Ltd./Hong Kong 98,000 $117,995
FirstRand, Ltd. 234,650 $944,610
Flour Mills of Nigeria Plc 952,989 $436,762
Gazprom OAO (A.D.R.) 42,169 $309,099
Global Telecom Holding SAE (G.D.R.) 3,680,046 $12,807,822
Goodbaby International Holdings, Ltd. 23,375,000 $11,701,537
Haitong Securities Co, Ltd. 2,621,200 $4,353,898
Hikma Pharmaceuticals Plc 63,224 $1,918,011
Hon Hai Precision Industry Co, Ltd. 1,672,930 $5,700,755
HSBC Bank Plc, 2/10/15 111,094 $1,303,364
HSBC Bank Plc, 2/23/15 43,844 $1,245,037
HSBC Bank Plc, 4/13/15 55,829 $1,600,261
Huaneng Renewables Corp, Ltd. 34,096,000 $11,215,160
HYPERMARCAS SA, 10/15/15 562 $0
HYPERMARCAS SA, 11.3%, 10/15/18 562,000 $147,864
HYPERMARCAS SA, 3.0%, 10/15/15 562,000 $276,104
ICICI Bank, Ltd. 68,795 $1,667,990
Industrial & Commercial Bank of China, Ltd. 3,929,000 $2,692,716
Itau Unibanco Holding SA (A.D.R.) 25,234 $388,604
Marfrig Global Foods SA 1,975,886 $5,766,340
Matahari Department Store Tbk PT 164,400 $203,950
Mega Financial Holding Co, Ltd. 902,415 $791,774
Mexico Real Estate Management SA de CV 455,886 $917,721
MMG, Ltd. 14,632,000 $5,815,484
NagaCorp, Ltd. 2,338,393 $2,055,650
Nampak, Ltd. 300,436 $1,143,897
Naspers, Ltd. 23,704 $2,911,860
Noble Group, Ltd. 6,155,000 $6,995,123
OHL Mexico SAB de CV 3,929,584 $11,427,193
Petroleo Brasileiro SA 2,401 $20,217
Philippine National Bank 4,055,199 $8,355,025
Phosagro OAO (G.D.R.) 975,922 $12,285,083
Ping An Insurance Group Co of China, Ltd. 415,000 $3,544,809
POSCO 2,186 $711,115
Sberbank of Russia (A.D.R.) 230,674 $1,912,394
Severstal OAO (G.D.R.) 158,177 $1,520,547
SK Hynix, Inc. 84,415 $3,666,781
Tata Motors, Ltd. 2,424,042 $11,703,000
TBC Bank JSC (G.D.R.) 271,422 $3,786,337
Tianhe Chemicals Group, Ltd. 2,118,000 $666,820
TMK OAO (G.D.R.) 348,336 $3,137,987
Tupy SA 1,178,958 $9,438,317
United Bank for Africa Plc 26,669,262 $1,268,396
West China Cement, Ltd. 57,682,000 $7,110,141
Wonik IPS Co, Ltd. 934,846 $10,350,421
Woolworths Holdings, Ltd./South Africa 102,542 $792,681

The portfolio is actively managed, and current holdings may be different.

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