Pioneer Emerging Markets Fund

Top 10 Portfolio Holdings as of 5/31/2016
Default: sorted by market value

Security Name Par / Shares Market Value
Abu Dhabi Commercial Bank PJSC 150,284 $243,280
Air Arabia PJSC 11,305,376 $4,117,175
Air China, Ltd. 908,000 $601,346
Beijing Urban Construction Design & Development Group Co, Ltd. 5,739,000 $3,082,548
ChinaCache International Holdings, Ltd. (A.D.R.) 554,726 $4,021,764
China Conch Venture Holdings, Ltd. 2,052,000 $4,128,984
China Construction Bank Corp. 1,543,000 $996,191
China ITS Holdings Co, Ltd. 43,788,000 $4,286,662
China Overseas Property Holdings, Ltd. 67,333 $9,845
China Petroleum & Chemical Corp. 2,472,000 $1,685,178
Credito Real SAB de CV SOFOM ER 2,753 $5,754
Eurobank Ergasias SA 1,643,385 $1,797,095
Flour Mills Nigeria Plc Rts Rts 39,707 $0
Flour Mills of Nigeria Plc 95,298 $10,273
Global Telecom Holding SAE (G.D.R.) 3,465,910 $5,992,517
Goodbaby International Holdings, Ltd. 10,416,000 $6,288,621
Grupo Financiero Banorte SAB de CV 191,590 $1,003,210
HDFC Bank, Ltd. 196 $4,080
HDFC Bank, Ltd. (A.D.R.) 14,267 $918,224
Hon Hai Precision Industry Co, Ltd. 715 $1,753
Housing Development Finance Corp, Ltd. 23,823 $439,640
Hypermarcas SA, 11.3%, 10/15/18 562,000 $54,074
ICICI Bank, Ltd. 271,515 $979,299
Industrial & Commercial Bank of China, Ltd. 1,689,000 $896,782
ITC, Ltd. 67,500 $353,849
KB Financial Group, Inc. 39,890 $1,138,199
KenolKobil, Ltd. Group 42,339,318 $4,533,384
Korea Electric Power Corp. 23,280 $1,228,591
Luxoft Holding, Inc. 23,273 $1,511,349
Marfrig Global Foods SA 2,726,743 $4,753,992
Mega Financial Holding Co, Ltd. 415 $304
MMG, Ltd. 20,252,000 $4,365,190
NagaCorp, Ltd. 393 $273
Naspers, Ltd. 15,571 $2,284,644
National Bank of Greece SA 777,277 $246,556
Petroleo Brasileiro SA 2,301 $5,128
Philippine National Bank 4,408,189 $4,375,650
Samsung Electronics Co, Ltd. 4,388 $3,906,878
Samsung Life Insurance Co, Ltd. 4,441 $386,919
Taiwan Semiconductor Manufacturing Co, Ltd. 983,000 $4,714,218
Tata Consultancy Services, Ltd. 15,014 $574,138
Tata Motors, Ltd. 1,173,176 $5,451,746
Tim Participacoes SA 2,724,866 $5,377,603
TMK PAO (G.D.R.) 1,776,992 $4,991,101
Tupy SA 989,071 $3,563,973
United Bank for Africa Plc 278,040,675 $6,630,150
Zenith Bank Plc 26,742,083 $2,012,292

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

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