Pioneer Emerging Markets Fund

Top 10 Portfolio Holdings as of 12/31/2014
Default: sorted by market value

Security Name Par / Shares Market Value
Air Arabia PJSC 9,950,663 $4,019,788
Aramex PJSC 699,686 $587,478
Astaldi S.p.A. 1,436,050 $8,306,230
ChinaCache International Holdings, Ltd. (A.D.R.) 272,368 $2,503,062
China Conch Venture Holdings, Ltd. 5,144,500 $11,153,192
China Construction Bank Corp. 2,186,000 $1,779,173
China ITS Holdings Co, Ltd. 68,546,000 $9,096,309
Credicorp, Ltd. 6,909 $1,106,684
Credito Real SAB de CV 455,438 $975,630
Emaar Properties PJSC 715,124 $1,372,020
Erste Group Bank AG 120,983 $2,774,165
Flour Mills of Nigeria Plc 1,048,287 $224,551
Global Telecom Holding SAE (G.D.R.) 3,515,044 $9,997,660
Goodbaby International Holdings, Ltd. 27,580,000 $9,576,742
Haitong Securities Co, Ltd. 980,800 $2,452,373
Hikma Pharmaceuticals Plc 35,343 $1,083,782
Hilong Holding, Ltd. 200,000 $46,743
Hon Hai Precision Industry Co, Ltd. 681 $1,875
HSBC Bank Plc, 2/23/15 36,809 $976,093
HSBC Bank Plc, 4/13/15 55,829 $1,844,997
Huaneng Renewables Corp, Ltd. 27,406,000 $8,823,389
HYPERMARCAS SA, 10/15/15 562 $0
HYPERMARCAS SA, 11.3%, 10/15/18 562,000 $113,829
HYPERMARCAS SA, 3.0%, 10/15/15 562,000 $265,683
ICICI Bank, Ltd. 271,515 $1,510,144
Industrial & Commercial Bank of China, Ltd. 2,093,000 $1,520,463
KenolKobil, Ltd. Group 33,237,504 $3,229,478
Marfrig Global Foods SA 3,769,822 $8,538,550
Mega Financial Holding Co, Ltd. 415 $319
MMG, Ltd. 26,716,000 $8,239,163
NagaCorp, Ltd. 393 $320
Nampak, Ltd. 368,424 $1,386,719
Noble Group, Ltd. 1,021,000 $877,046
OHL Mexico SAB de CV 3,929,605 $7,330,358
Petroleo Brasileiro SA 2,301 $8,722
Philippine National Bank 4,402,919 $7,851,249
PhosAgro OAO (G.D.R.) 1,119,333 $11,397,034
SK Hynix, Inc. 41,064 $1,777,111
Tata Motors, Ltd. 721,907 $3,821,860
TBC Bank JSC (G.D.R.) 494,139 $6,219,869
TMK OAO (G.D.R.) 1,406,742 $3,248,824
Tupy SA 1,571,458 $10,531,671
United Bank for Africa Plc 77,364,278 $1,826,304
Wonik IPS Co, Ltd. 785,800 $9,888,282

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

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