Pioneer Emerging Markets Fund

Top 10 Portfolio Holdings as of 6/30/2015
Default: sorted by market value

Security Name Par / Shares Market Value
Abu Dhabi Commercial Bank PJSC 150,284 $312,610
Air Arabia PJSC 12,777,259 $5,611,558
Astaldi S.p.A. 793,667 $7,358,639
Beijing Enterprises Water Group, Ltd. 2,938,000 $2,392,501
Cemex SAB de CV (A.D.R.) 79,120 $724,739
ChinaCache International Holdings, Ltd. (A.D.R.) 351,310 $4,398,401
China CITIC Bank Corp, Ltd. 1,569,000 $1,250,054
China Conch Venture Holdings, Ltd. 328,000 $752,754
China Construction Bank Corp. 1,543,000 $1,401,690
China ITS Holdings Co, Ltd. 36,554,000 $6,040,880
China Overseas Land & Investment, Ltd. 202,000 $712,048
China Petroleum & Chemical Corp. 826,000 $710,180
Credicorp, Ltd. 4,068 $565,127
Credito Real SAB de CV SOFOM ER 2,753 $6,159
Emaar Properties PJSC 1,375,706 $2,938,938
FirstRand, Ltd. 178,008 $779,472
Flour Mills of Nigeria Plc 95,298 $16,270
Global Telecom Holding SAE (G.D.R.) 3,616,722 $6,222,230
Goodbaby International Holdings, Ltd. 19,571,000 $8,129,766
Grupo Financiero Banorte SAB de CV 259,761 $1,428,843
HDFC Bank, Ltd. 196 $3,286
HDFC Bank, Ltd. (A.D.R.) 25,760 $1,559,253
Hellenic Telecommunications Organization SA 501,559 $4,507,181
Hikma Pharmaceuticals Plc 42,574 $1,296,464
Hon Hai Precision Industry Co, Ltd. 681 $2,121
Housing Development Finance Corp, Ltd. 33,827 $689,609
HSBC Bank Plc, 3/5/18 55,829 $2,113,833
HSBC Bank Plc, 6/29/17 36,809 $961,839
Huadian Fuxin Energy Corp, Ltd. 6,698,000 $3,224,314
HYPERMARCAS SA, 10/15/15 562 $0
Hypermarcas SA, 11.3%, 10/15/18 562,000 $80,174
HYPERMARCAS SA, 3.0%, 10/15/15 562,000 $243,698
Hyundai Motor Co. 5,653 $529,634
ICICI Bank, Ltd. 271,515 $1,320,335
Industrial & Commercial Bank of China, Ltd. 1,689,000 $1,335,894
IRB Infrastructure Developers, Ltd. 75,965 $276,768
Itau Unibanco Holding SA 134,077 $1,478,225
KB Financial Group, Inc. 39,890 $1,307,246
KenolKobil, Ltd. Group 40,750,851 $3,463,236
Korea Electric Power Corp. 43,565 $1,775,649
Mega Financial Holding Co, Ltd. 415 $373
MMC Norilsk Nickel OJSC (A.D.R.) 41,325 $697,153
MMG, Ltd. 17,868,000 $6,253,285
NagaCorp, Ltd. 393 $290
Naspers, Ltd. 17,887 $2,764,433
Petroleo Brasileiro SA 2,301 $9,423
Philippine National Bank 4,408,189 $6,730,540
PhosAgro OAO (G.D.R.) 671,245 $8,592,168
Samsung Electronics Co, Ltd. 4,063 $3,598,781
Samsung Fire & Marine Insurance Co, Ltd. 1,652 $431,155
Samsung Life Insurance Co, Ltd. 13,512 $1,297,453
Sasol, Ltd. 14,134 $523,445
Singapore Exchange, Ltd. 61,500 $356,118
Taiwan Semiconductor Manufacturing Co, Ltd. 484,000 $2,177,558
Tata Motors, Ltd. (A.D.R.) 16,393 $565,067
TBC Bank JSC (G.D.R.) 620,000 $6,390,240
TMK OAO (G.D.R.) 1,814,948 $7,804,697
Tupy SA 1,251,487 $6,491,701
United Bank for Africa Plc 186,336,599 $4,668,941

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

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