Pioneer Emerging Markets Fund

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

Security Name Par / Shares Market Value
Air Arabia PJSC 8,318,847 $3,046,014
Aramex PJSC 699,686 $590,685
Astaldi S.p.A. 1,436,050 $10,038,445
ChinaCache International Holdings, Ltd. (A.D.R.) 272,368 $2,805,390
China Conch Venture Holdings, Ltd. 5,156,500 $10,804,019
China Construction Bank Corp. 2,186,000 $1,627,776
China Hongqiao Group, Ltd. 1,143,000 $878,698
China ITS Holdings Co, Ltd. 68,546,000 $9,571,921
Cosan Logistica SA 42,421 $71,080
Credicorp, Ltd. 6,909 $1,112,349
Credito Real SAB de CV 452,685 $1,161,006
Dayang Enterprise Holdings Bhd 560,300 $504,050
Emaar Properties PJSC 386,704 $1,078,254
Erste Group Bank AG 219,220 $5,596,606
FF Group 22,650 $741,880
Flour Mills of Nigeria Plc 1,048,287 $369,131
Global Telecom Holding SAE 2,446,001 $1,477,853
Global Telecom Holding SAE (G.D.R.) 3,111,358 $9,351,809
Goodbaby International Holdings, Ltd. 25,874,000 $10,540,098
Haitong Securities Co, Ltd. 980,800 $1,682,934
Hikma Pharmaceuticals Plc 61,859 $1,877,059
Hilong Holding, Ltd. 1,395,000 $465,037
Hon Hai Precision Industry Co, Ltd. 880,681 $2,783,133
HSBC Bank Plc, 2/10/15 183,665 $2,242,205
HSBC Bank Plc, 2/23/15 43,844 $1,373,193
HSBC Bank Plc, 4/13/15 55,829 $1,927,139
Huaneng Renewables Corp, Ltd. 30,920,000 $11,115,702
HYPERMARCAS SA, 10/15/15 562 $0
HYPERMARCAS SA, 11.3%, 10/15/18 562,000 $129,202
HYPERMARCAS SA, 3.0%, 10/15/15 562,000 $260,046
ICICI Bank, Ltd. 54,303 $1,439,006
Industrial & Commercial Bank of China, Ltd. 2,093,000 $1,383,345
KenolKobil, Ltd. Group 33,237,504 $3,377,206
Marfrig Global Foods SA 2,778,606 $6,787,349
Mega Financial Holding Co, Ltd. 415 $344
Mexico Real Estate Management SA de CV 446,040 $812,529
MMG, Ltd. 25,912,000 $8,647,099
NagaCorp, Ltd. 393 $330
Nampak, Ltd. 368,424 $1,499,563
Noble Group, Ltd. 2,964,000 $2,764,083
OHL Mexico SAB de CV 3,630,555 $10,184,516
Petroleo Brasileiro SA 2,301 $14,196
Philippine National Bank 4,099,959 $7,712,625
PhosAgro OAO (G.D.R.) 1,119,333 $11,986,468
Ping An Insurance Group Co of China, Ltd. 173,000 $1,416,809
SK Hynix, Inc. 41,064 $1,881,846
Tata Motors, Ltd. 1,305,211 $7,164,178
TBC Bank JSC (G.D.R.) 364,928 $5,408,058
TMK OAO (G.D.R.) 1,117,352 $8,764,929
Tupy SA 1,571,458 $11,166,917
United Bank for Africa Plc 54,620,104 $1,566,227
Wonik IPS Co, Ltd. 917,370 $11,544,053

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

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