Pioneer Emerging Markets Fund

Top 10 Portfolio Holdings as of 7/31/2015
Default: sorted by market value

Security Name Par / Shares Market Value
Abu Dhabi Commercial Bank PJSC 150,284 $338,529
Air Arabia PJSC 12,777,259 $5,595,411
Astaldi S.p.A. 655,951 $6,313,750
Beijing Enterprises Water Group, Ltd. 1,710,000 $1,271,242
Cemex SAB de CV (A.D.R.) 79,120 $672,520
ChinaCache International Holdings, Ltd. (A.D.R.) 513,223 $5,296,461
China CITIC Bank Corp, Ltd. 1,569,000 $1,118,429
China Conch Venture Holdings, Ltd. 179,000 $368,370
China Construction Bank Corp. 1,543,000 $1,256,447
China ITS Holdings Co, Ltd. 41,187,000 $5,485,936
China Overseas Land & Investment, Ltd. 202,000 $636,510
China Petroleum & Chemical Corp. 826,000 $623,626
Credicorp, Ltd. 4,068 $536,569
Credito Real SAB de CV SOFOM ER 2,753 $6,254
Emaar Properties PJSC 1,375,706 $2,959,112
FirstRand, Ltd. 178,008 $768,402
Flour Mills of Nigeria Plc 95,298 $14,089
Global Telecom Holding SAE (G.D.R.) 3,616,722 $5,967,363
Goodbaby International Holdings, Ltd. 19,571,000 $7,990,471
Grupo Financiero Banorte SAB de CV 259,761 $1,370,213
HDFC Bank, Ltd. 196 $3,402
HDFC Bank, Ltd. (A.D.R.) 25,760 $1,609,227
Hellenic Telecommunications Organization SA 501,559 $4,459,972
Hikma Pharmaceuticals Plc 42,574 $1,592,533
Hon Hai Precision Industry Co, Ltd. 681 $1,942
Housing Development Finance Corp, Ltd. 33,827 $706,403
HSBC Bank Plc, 3/5/18 55,829 $2,128,946
HSBC Bank Plc, 6/29/17 36,809 $927,587
Huadian Fuxin Energy Corp, Ltd. 4,988,000 $2,166,621
HYPERMARCAS SA, 10/15/15 562 $0
Hypermarcas SA, 11.3%, 10/15/18 562,000 $74,613
HYPERMARCAS SA, 3.0%, 10/15/15 562,000 $229,574
Hyundai Motor Co. 5,653 $496,356
ICICI Bank, Ltd. 271,515 $1,281,361
Industrial & Commercial Bank of China, Ltd. 1,689,000 $1,160,154
Itau Unibanco Holding SA 147,484 $1,297,644
KB Financial Group, Inc. 39,890 $1,258,658
KenolKobil, Ltd. Group 42,339,318 $3,410,952
Korea Electric Power Corp. 43,565 $1,893,560
Mega Financial Holding Co, Ltd. 415 $354
MMC Norilsk Nickel PJSC (A.D.R.) 31,929 $493,604
MMG, Ltd. 22,236,000 $6,004,068
NagaCorp, Ltd. 393 $320
Naspers, Ltd. 17,887 $2,527,115
Petroleo Brasileiro SA 2,301 $7,067
Philippine National Bank 4,408,189 $6,126,207
PhosAgro OAO (G.D.R.) 543,951 $7,397,763
Samsung Electronics Co, Ltd. 3,926 $3,099,376
Samsung Fire & Marine Insurance Co, Ltd. 1,652 $394,312
Samsung Life Insurance Co, Ltd. 13,512 $1,241,245
Sasol, Ltd. 5,700 $197,143
Taiwan Semiconductor Manufacturing Co, Ltd. 463,000 $2,028,382
Tata Motors, Ltd. (A.D.R.) 16,393 $486,216
TBC Bank JSC (G.D.R.) 631,477 $6,129,308
TMK OAO (G.D.R.) 1,776,992 $6,910,846
Tupy SA 1,199,387 $6,244,706
United Bank for Africa Plc 202,113,042 $4,271,566

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

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