Pioneer Emerging Markets Fund

Top 10 Portfolio Holdings as of 5/30/2014
Default: sorted by market value

Security Name Par / Shares Market Value
Able C&C Co, Ltd. 22,101 $461,381
Air Arabia PJSC 3,345,394 $1,262,588
Aramex PJSC 715,131 $635,452
Arteris SA 236,176 $1,882,463
ASM Pacific Technology, Ltd. 420,000 $4,707,881
Astaldi S.p.A. 1,165,278 $12,612,216
Banco Santander Brasil SA/Brazil (A.D.R.) 98,772 $667,699
Bank Rakyat Indonesia Persero Tbk PT 1,293,500 $1,131,018
Bharat Heavy Electricals, Ltd. 352,328 $1,438,547
Bidvest Group, Ltd. 77,913 $2,167,223
Bradespar SA 352,465 $2,920,851
Cemex SAB de CV 658,760 $849,603
China CNR Corp, Ltd. (144A) 1,668,500 $1,114,772
China Conch Venture Holdings, Ltd. 3,460,000 $7,482,134
China Construction Bank Corp. 4,726,000 $3,463,961
China Hongqiao Group, Ltd. 1,168,000 $825,297
China ITS Holdings Co, Ltd. 40,968,000 $7,654,305
China Life Insurance Co, Ltd./Taiwan 869,000 $820,010
China Overseas Land & Investment, Ltd. 374,000 $971,861
China Petroleum & Chemical Corp. 5,849,200 $5,284,077
China Shipping Container Lines Co, Ltd. 3,438,000 $830,943
Cia Brasileira de Distribuicao 28,138 $1,276,208
Copa Holdings SA 10,185 $1,455,742
Cosan SA Industria e Comercio 105,576 $1,770,497
Credicorp, Ltd. 10,210 $1,595,313
Credito Real SAB de CV 462,678 $974,252
CSR Corp, Ltd. 1,702,000 $1,262,612
Dayang Enterprise Holdings Bhd 791,400 $915,778
Emaar Properties PJSC 838,979 $2,389,602
Enersis SA (A.D.R.) 155,344 $2,516,573
First Pacific Co, Ltd./Hong Kong 98,000 $110,696
FirstRand, Ltd. 460,587 $1,734,187
Flour Mills of Nigeria Plc 952,989 $448,855
Folli Follie SA 27,593 $1,083,572
Gazprom OAO (A.D.R.) 98,440 $804,255
Global Telecom Holding (G.D.R.) 3,849,538 $14,136,635
Golden Agri-Resources, Ltd. 609,000 $279,307
Goodbaby International Holdings, Ltd. 16,403,000 $8,465,124
Haitong Securities Co, Ltd. 2,621,200 $3,907,673
Hikma Pharmaceuticals Plc 73,280 $2,108,384
Hon Hai Precision Industry Co, Ltd. 1,745,930 $5,356,446
HSBC Bank Plc, 2/10/15 111,094 $1,214,466
HSBC Bank Plc, 2/23/15 21,922 $1,132,486
HSBC Bank Plc, 4/13/15 55,829 $1,551,839
Huaneng Power International, Inc. 1,008,000 $1,066,865
Huaneng Renewables Corp, Ltd. 6,636,000 $2,188,971
HYPERMARCAS SA, 10/15/15 562 $0
HYPERMARCAS SA, 11.3%, 10/15/18 562,000 $142,712
HYPERMARCAS SA, 3.0%, 10/15/15 562,000 $268,761
Hyundai Heavy Industries Co, Ltd. 2,046 $371,889
ICICI Bank, Ltd. 109,028 $2,597,158
Industrial & Commercial Bank of China, Ltd. 4,982,000 $3,234,870
Industries Qatar QSC 27,706 $1,437,676
Itau Unibanco Holding SA (A.D.R.) 214,541 $3,325,386
Jaiprakash Associates, Ltd. 2,365,068 $2,922,834
Matahari Department Store Tbk PT 587,100 $727,643
Mega Financial Holding Co, Ltd. 902,415 $751,100
Mexico Real Estate Management SA de CV 455,886 $863,494
Millicom International Cellular SA 2,571 $237,822
MMC Norilsk Nickel OJSC (A.D.R.) 27,570 $529,037
NagaCorp, Ltd. 1,814,455 $1,665,638
Nampak, Ltd. 363,831 $1,259,103
Naspers, Ltd. 35,367 $3,904,751
Noble Group, Ltd. 1,323,000 $1,461,882
OHL Mexico SAB de CV 2,468,031 $6,853,669
Pacific Rubiales Energy Corp. 194,917 $3,808,651
Petroleo Brasileiro SA 292,147 $2,172,392
Philippine National Bank 3,370,429 $7,040,932
Phosagro OAO (G.D.R.) 813,614 $9,510,675
Ping An Insurance Group Co of China, Ltd. 432,000 $3,349,813
POSCO 4,270 $1,209,713
Qatar National Bank 16,294 $815,497
Reliance Industries, Ltd. 142,249 $2,563,245
Saipem S.p.A. 57,102 $1,489,645
Sberbank of Russia (A.D.R.) 305,560 $3,075,384
Severstal OAO (G.D.R.) 207,140 $1,771,764
Sibanye Gold, Ltd. 67,879 $167,476
SK Hynix, Inc. 99,670 $4,320,980
Takara Leben Co, Ltd. 73,000 $247,488
Tata Motors, Ltd. 2,742,371 $11,973,249
Tupy SA 978,316 $8,316,449
Turkiye Halk Bankasi AS 393,458 $3,057,898
United Bank for Africa Plc 17,363,329 $821,541
Wal-Mart de Mexico SAB de CV 416,270 $1,059,156
West China Cement, Ltd. 33,598,000 $3,344,680
Wonik IPS Co, Ltd. 505,054 $5,750,718
Woolworths Holdings, Ltd./South Africa 203,249 $1,440,059
Yandex NV 46,546 $1,449,442
YY, Inc. (A.D.R.) 36,800 $2,396,048

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

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