Pioneer Global Multisector Income Fund

Top 10 Portfolio Holdings as of 2/28/2014
Default: sorted by market value

Security Name Par / Shares Market Value
Activision Blizzard, Inc., 6.125%, 9/15/23 (144A) 50,000 $55,628
Aguila 3 SA, 7.875%, 1/31/18 (144A) 150,000 $160,392
Air Canada 2013-1 Class A Pass Through Trust, 4.125%, 11/15/26 (144A) 100,000 $101,465
Alexandria Real Estate Equities, Inc., 4.6%, 4/1/22 40,000 $42,202
Alpha Natural Resources, Inc., 6.0%, 6/1/19 45,000 $39,263
Altair Re, Floating Rate Note, 4/30/16 (Cat Bond) 22,499 $24,990
Alternative Loan Trust 2003-14T1, Floating Rate Note, 8/25/18 169,231 $8,350
Alternative Loan Trust 2004-12CB, 5.0%, 7/25/19 105,000 $108,851
Alternative Loan Trust 2004-28CB, 5.5%, 1/25/35 50,000 $6,250
Alternative Loan Trust 2004-4CB, 4.25%, 4/25/34 275,000 $18,094
Altrl Flt% 30jun16 30,000 $30,342
AngloGold Ashanti Holdings Plc, 5.125%, 8/1/22 50,000 $46,054
AngloGold Ashanti Holdings Plc, 5.375%, 4/15/20 35,000 $35,186
Anheuser-Busch InBev Worldwide, Inc., 7.75%, 1/15/19 20,000 $25,265
ArcelorMittal, 6.125%, 6/1/18 10,000 $11,459
Asian Development Bank, 3.375%, 5/20/14 250,000 $42,924
Astoria Financial Corp., 5.0%, 6/19/17 50,000 $54,719
Audatex North America, Inc., 6.0%, 6/15/21 (144A) 50,000 $54,008
Australia Government Bond, 5.75%, 5/15/21 100,000 $102,341
Austria Government Bond, 4.15%, 3/15/37 (144A) 50,000 $88,804
Austria Government Bond, 4.35%, 3/15/19 (144A) 50,000 $83,458
Aviation Capital Group Corp., 6.75%, 4/6/21 (144A) 55,000 $61,737
AXA Bank Europe SCF, 3.5%, 11/5/20 50,000 $78,257
AXA SA, 8.6%, 12/15/30 60,000 $78,489
B&G Foods, Inc., 4.625%, 6/1/21 50,000 $50,391
Banc of America Alternative Loan Trust 2003-10, Floating Rate Note, 12/25/33 140,000 $12,364
Banc of America Alternative Loan Trust 2003-2, 5.75%, 4/25/33 173,000 $22,486
Banc of America Alternative Loan Trust 2003-7, 5.5%, 9/25/33 250,000 $57,210
Banc of America Alternative Loan Trust 2004-10, 5.5%, 11/25/19 125,000 $20,593
Banc of America Alternative Loan Trust 2004-2, 6.0%, 3/25/34 55,000 $15,763
Banc of America Alternative Loan Trust 2004-6, 5.0%, 7/25/19 85,000 $14,499
Banc of America Funding 2005-8 Trust, 5.5%, 1/25/36 100,000 $32,136
Banc of America Mortgage 2004-E Trust, Floating Rate Note, 6/25/34 365,000 $9,858
Banc of America Mortgage 2005-H Trust, Floating Rate Note, 9/25/35 28,000 $6,979
Banc of America Mortgage Trust 2004-11, 5.75%, 1/25/35 140,000 $16,291
Banc of America Mortgage Trust 2004-9, 5.5%, 11/25/34 25,000 $13,803
Bank of America Corp., 7.75%, 5/14/38 100,000 $136,039
Bankrate, Inc., 6.125%, 8/15/18 (144A) 100,000 $105,647
Baylor University, 4.313%, 3/1/42 25,000 $23,912
Bayview Commercial Asset Trust, 3.855%, 9/25/37 (Step) (144A) 150,000 $4,942
Bayview Commercial Asset Trust, 4.17207%, 7/25/37 (Step) (144A) 250,000 $2,504
BCMSC Trust 1998-A, 6.65%, 4/15/28 170,000 $9,243
Bear Stearns Asset Backed Securities Trust, 8.41%, 10/25/29 (Step) 2,632,500 $80,191
Belgium Government Bond, 5.5%, 3/28/28 25,000 $47,547
Berau Coal Energy Tbk PT, 7.25%, 3/13/17 (144A) 25,000 $25,658
Bombardier, Inc., 4.25%, 1/15/16 (144A) 50,000 $52,272
Bowdoin College, 4.693%, 7/1/12 25,000 $22,701
Brazil Minas SPE via State of Minas Gerais, 5.333%, 2/15/28 (144A) 200,000 $192,274
British Sky Broadcasting Group Plc, 6.1%, 2/15/18 (144A) 25,000 $28,639
Buckeye Partners LP, 6.05%, 1/15/18 25,000 $28,252
Burlington Northern Santa Fe LLC, 5.75%, 3/15/18 25,000 $29,471
California Statewide Communities Development Authority, 6.0%, 8/15/42 50,000 $58,441
Cantor Fitzgerald LP, 7.875%, 10/15/19 (144A) 91,000 $98,257
Capital Auto Receivables Asset Trust/ Ally, 1.74%, 10/22/18 50,000 $49,798
Carlyle Holdings II Finance LLC, 5.625%, 3/30/43 (144A) 25,000 $26,648
Carrizo Oil & Gas, Inc., 8.625%, 10/15/18 50,000 $55,504
Catholic Health Initiatives, 4.35%, 11/1/42 50,000 $46,765
Cemex SAB de CV, 5.875%, 3/25/19 (144A) 150,000 $158,319
CEVA Group Plc, 8.375%, 12/1/17 (144A) 75,000 $81,516
CHL Mortgage Pass-Through Trust 2003-56, Floating Rate Note, 12/25/33 154,300 $9,686
Citicorp Mortgage Securities Trust Series 2006-1, 5.0%, 2/25/36 20,000 $3,600
Citicorp Residential Mortgage Trust Series 2006-1, 5.836%, 7/25/36 (Step) 100,000 $48,788
Citicorp Residential Mortgage Trust Series 2006-3, 5.703%, 11/25/36 (Step) 75,000 $42,986
Citigroup, Inc., Floating Rate Note, 12/31/49 (Perpetual) 3,000 $79,950
Citigroup Capital XIII, Floating Rate Note, 10/30/40 6,527 $179,493
Citigroup Commercial Mortgage Trust 2007-FL3, Floating Rate Note, 4/15/22 (144A) 50,000 $26,567
Citigroup Mortgage Loan Trust, Inc., 6.75%, 8/25/34 125,000 $28,491
City Center Trust 2011-CCHP, Floating Rate Note, 7/15/28 (144A) 100,000 $100,869
City of Charleston South Carolina Waterworks & Sewer System Revenue, 5.0%, 1/1/41 45,000 $48,656
CKE Restaurant Holdings, Inc., 4.474%, 3/20/43 (144A) 50,000 $50,649
CoBank ACB, Floating Rate Note, 12/31/49 (Perpetual) (144A) 500 $50,375
COMM 2012-LC4 Mortgage Trust, 4.063%, 12/10/44 100,000 $104,285
COMM 2013-LC6 Mortgage Trust, 2.941%, 1/10/46 50,000 $48,327
Commonwealth Edison Co., 6.15%, 9/15/17 10,000 $11,866
Commonwealth Edison Co., 6.95%, 7/15/18 25,000 $29,857
Commonwealth of the Bahamas, 5.75%, 1/16/24 (144A) 200,000 $201,438
Connecticut State Health & Educational Facility Authority, 5.0%, 7/1/40 50,000 $55,231
Connecticut State Health & Educational Facility Authority, 5.0%, 7/1/42 0 $208
Cooperatieve Centrale Raiffeisen-Boerenleenbank BA Australia, 6.0%, 10/29/15 100,000 $94,561
Cooperatieve Centrale Raiffeisen-Boerenleenbank BA Netherlands, 3.875%, 2/8/22 75,000 $77,693
Corporate Office Properties LP, 3.6%, 5/15/23 25,000 $23,478
Countrywide Asset-Backed Certificates, Floating Rate Note, 1/25/36 26,600 $7,710
Countrywide Asset-Backed Certificates, Floating Rate Note, 10/25/35 250,000 $18,562
Countrywide Asset-Backed Certificates, Floating Rate Note, 2/25/36 127,000 $24,872
Credit Suisse Commercial Mortgage Trust Series 2007-C1, 5.361%, 2/15/40 50,000 $41,168
Credit Suisse First Boston Mortgage Securities Corp., Floating Rate Note, 12/25/33 50,000 $3,590
Croatia Government International Bond, 5.5%, 4/4/23 (144A) 200,000 $206,492
Crown Castle Towers LLC, 4.883%, 8/15/20 (144A) 30,000 $32,882
Cummins, Inc., 5.65%, 3/1/98 60,000 $63,799
Cummins, Inc., 6.75%, 2/15/27 10,000 $11,990
CVS Pass-Through Trust, 5.773%, 1/10/33 (144A) 15,000 $15,242
DBUBS 2011-LC3 Mortgage Trust, Floating Rate Note, 8/10/44 (144A) 100,000 $111,664
DCP Midstream LLC, 9.75%, 3/15/19 (144A) 25,000 $33,281
DCP Midstream LLC, Floating Rate Note, 5/21/43 (144A) 50,000 $47,688
DDR Corp., 7.5%, 4/1/17 35,000 $41,852
Delphi Financial Group, Inc., 7.875%, 1/31/20 35,000 $41,674
Delta Air Lines 2010-2 Class A Pass Through Trust, 4.95%, 11/23/19 15,000 $12,816
Denmark Government Bond, 4.5%, 11/15/39 250,000 $65,161
Deutsche Telekom AG, 3.75%, 4/22/14 40,000 $47,140
Digital Realty Trust LP, 4.5%, 7/15/15 20,000 $20,885
Digital Realty Trust LP, 5.875%, 2/1/20 10,000 $11,158
Domino's Pizza Master Issuer LLC, 5.216%, 1/25/42 (144A) 100,000 $104,989
DuPont Fabros Technology LP, 5.875%, 9/15/21 50,000 $54,031
Eastman Chemical Co., 4.8%, 9/1/42 20,000 $20,095
Eaton Vance Corp., 6.5%, 10/2/17 5,000 $5,949
Electricite de France, 6.0%, 1/22/14 (144A) 100,000 $104,460
Electricite de France, Floating Rate Note, 12/31/49 (Perpetual) (144A) 100,000 $101,167
Empresa de Telecomunicaciones de Bogota, 7.0%, 1/17/23 (144A) 124,000,000 $51,954
Enel S.p.A., Floating Rate Note, 9/24/73 (144A) 200,000 $230,632
EP Energy LLC, 9.375%, 5/1/20 50,000 $59,438
European Investment Bank, 0.0%, 3/2/15 65,000 $26,532
Expedia, Inc., 5.95%, 8/15/20 50,000 $55,978
Fannie Mae, 3.5%, 9/1/42 270,000 $238,737
Fannie Mae, 4.5%, 4/1/41 80,000 $39,782
Fannie Mae, 5.0%, 6/1/40 100,000 $42,880
Federal Home Loan Mortgage Corp., 4.0%, 1/1/44 284,000 $296,477
Federal Home Loan Mortgage Corp., 5.0%, 10/1/38 750,000 $92,792
Federal Home Loan Mortgage Corp., 5.0%, 9/1/38 670,000 $79,421
Federal Home Loan Mortgage Corp., 6.0%, 8/1/37 345,434 $57,139
Federal Home Loan Mortgage Corp., 6.5%, 1/1/38 370,134 $31,815
Federal Home Loan Mortgage Corp., 6.5%, 4/1/38 500,000 $114,156
Federal Home Loan Mortgage Corp., Floating Rate Note, 9/25/44 (144A) 100,000 $99,394
Federal Home Loan Mortgage Corp. REMICS, 5.0%, 6/15/34 40,000 $8,448
Federal National Mortgage Association REMICS, 4.5%, 6/25/29 20,000 $21,365
Federal National Mortgage Association REMICS, 6.0%, 3/25/35 225,000 $25,804
Finland Government Bond, 4.375%, 7/4/19 300,000 $499,310
First Investors Auto Owner Trust 2013-1, 2.02%, 1/15/19 (144A) 25,000 $24,695
First NLC Trust 2005-2, Floating Rate Note, 9/25/35 50,000 $27,127
Freddie Mac Gold Pool, 4.0%, 4/10/14 500,000 $521,691
Freddie Mac Gold Pool, 4.5%, 4/10/14 500,000 $534,859
Freeport-McMoRan Copper & Gold, Inc., 3.875%, 3/15/23 35,000 $34,496
FREMF Mortgage Trust 2010-K9 REMICS, Floating Rate Note, 9/25/45 (144A) 45,000 $48,627
FREMF Mortgage Trust 2011-K12, Floating Rate Note, 1/25/46 (144A) 25,000 $25,676
FREMF Mortgage Trust 2011-K701, Floating Rate Note, 7/25/48 (144A) 25,000 $26,259
FREMF Mortgage Trust 2011-K702, Floating Rate Note, 4/25/44 (144A) 25,000 $26,819
FREMF Mortgage Trust 2011-K703, Floating Rate Note, 7/25/44 (144A) 50,000 $53,664
Frontier Communications Corp., 8.5%, 4/15/20 30,000 $35,613
Fx Vanilla Option Call Usd/Put Try 2.95 12 01 2015 Tr -84,202 $-1,599
Fx Vanilla Option Put Usd/Call Try 2.154 12 01 2015 Tr 84,202 $687
GATX Corp., 6.0%, 2/15/18 40,000 $45,589
GCI, Inc., 6.75%, 6/1/21 50,000 $50,594
General Cable Corp., 4.5%, 11/15/29 (Step) 56,000 $63,964
General Electric Capital Corp., Floating Rate Note, 12/31/49 (Perpetual) 100,000 $115,004
Ghana Government Bond, 16.9%, 3/7/16 10,000 $3,803
Ghana Government Bond, 19.24%, 5/30/16 100,000 $37,559
Ghana Government Bond, 21.0%, 10/26/15 380,000 $155,837
Ghana Government Bond, 26.0%, 6/5/17 25,000 $10,793
Glencore Funding LLC, 4.125%, 5/30/23 (144A) 25,000 $24,264
GLP Capital LP, 4.375%, 11/1/18 (144A) 50,000 $52,610
GMAC Capital Trust I, Floating Rate Note, 2/15/40 850 $23,078
Goldcorp, Inc., 3.7%, 3/15/23 35,000 $34,014
Government National Mortgage Association, 4.5%, 9/20/39 50,000 $53,416
Government National Mortgage Association, 5.25%, 8/16/35 10,000 $17,606
Government National Mortgage Association, Floating Rate Note, 2/16/53 250,000 $19,758
Government National Mortgage Association, Floating Rate Note, 8/16/52 300,000 $20,620
Government National Mortgage Association, Floating Rate Note, 9/16/52 350,000 $28,420
Government National Mortgage Association I, 4.5%, 1/15/40 100,000 $68,430
Government National Mortgage Association I, 4.5%, 7/15/41 100,000 $70,034
Government National Mortgage Association I, 4.5%, 9/15/40 100,000 $72,682
Government National Mortgage Association II, 4.5%, 9/20/41 160,000 $94,968
GSAMP Trust 2005-HE2, Floating Rate Note, 3/25/35 25,000 $3,101
GS Mortgage Securities Corp II, 3.682%, 2/10/46 (144A) 25,000 $23,974
GS Mortgage Securities Corp II, Floating Rate Note, 11/8/29 (144A) 100,000 $100,280
GS Mortgage Securities Trust 2006-GG8, 5.56%, 11/10/39 50,000 $54,978
GS Mortgage Securities Trust 2012-GCJ7, 3.377%, 5/10/45 50,000 $50,826
GSR Mortgage Loan Trust 2003-9, Floating Rate Note, 8/25/33 1,000,000 $89,445
GTP Acquisition Partners I LLC, 4.347%, 6/15/16 (144A) 45,000 $47,406
GTP Towers Issuer LLC, 4.436%, 2/15/15 (144A) 45,000 $46,207
Hampton Roads Sanitation District, 5.0%, 4/1/38 20,000 $21,847
Health & Educational Facilities Authority of the State of Missouri, 5.0%, 11/15/39 30,000 $33,097
Healthcare Realty Trust, Inc., 6.5%, 1/17/17 25,000 $28,372
Highwoods Realty LP, 3.625%, 1/15/23 35,000 $33,410
Holcim US Finance Sarl & Cie SCS, 6.0%, 12/30/19 (144A) 30,000 $34,832
Hologic, Inc., 2.0%, 12/15/37 (Step) 75,000 $86,379
Hospitality Properties Trust, 5.0%, 8/15/22 40,000 $41,791
Houston Higher Education Finance Corp., 4.5%, 11/15/37 50,000 $51,604
Illinois Finance Authority, 5.0%, 10/1/51 25,000 $26,154
Indianapolis Airport Authority, 5.1%, 1/15/17 20,000 $22,201
Indonesia Treasury Bond, 6.125%, 5/15/28 222,000,000 $15,247
Indonesia Treasury Bond, 7.0%, 5/15/27 200,000,000 $15,028
Indonesia Treasury Bond, 7.375%, 9/15/16 2,500,000,000 $221,173
Indonesia Treasury Bond, 8.25%, 6/15/32 1,210,000,000 $99,180
Intel Corp., 2.95%, 12/15/35 85,000 $97,483
Inter-American Development Bank, 4.5%, 2/4/16 850,000,000 $69,625
International Bank for Reconstruction & Development, 3.25%, 4/14/14 1,500,000 $257,687
International Bank for Reconstruction & Development, 5.75%, 10/21/19 185,000 $183,324
International Finance Corp., 5.0%, 12/21/15 400,000 $158,798
International Finance Corp., 7.75%, 12/3/16 7,480,000 $124,131
International Game Technology, 7.5%, 6/15/19 25,000 $30,120
Intesa Sanpaolo S.p.A., 6.5%, 2/24/21 (144A) 100,000 $112,476
Ireland Government Bond, 5.0%, 10/18/20 35,000 $57,251
Irwin Home Equity Loan Trust 2005-1, 5.32%, 6/25/35 (Step) 62,000 $12,412
Italy Buoni Poliennali Del Tesoro, 3.75%, 8/1/16 50,000 $73,544
Italy Buoni Poliennali Del Tesoro, 4.75%, 8/1/23 (144A) 100,000 $154,562
Italy Buoni Poliennali Del Tesoro, 6.5%, 11/1/27 25,000 $44,938
Japan Government Ten Year Bond, 1.0%, 12/20/21 46,500,000 $477,914
Japan Government Ten Year Bond, 1.7%, 9/20/16 30,000,000 $309,022
Japan Government Thirty Year Bond, 2.3%, 12/20/36 5,000,000 $56,152
Japan Government Twenty Year Bond, 1.5%, 3/20/19 27,000,000 $284,473
Jefferies Group LLC, 6.875%, 4/15/21 50,000 $59,174
JobsOhio Beverage System, 3.985%, 1/1/29 70,000 $67,896
JobsOhio Beverage System, 4.532%, 1/1/35 20,000 $19,553
JPMorgan Chase & Co., 4.25%, 11/2/18 100,000 $81,627
JPMorgan Chase & Co., 6.0%, 1/15/18 25,000 $29,099
JPMorgan Chase & Co., Floating Rate Note, 12/31/49 (Perpetual) 125,000 $120,271
JP Morgan Chase Commercial Mortgage Securities Corp., Floating Rate Note, 10/15/25 (144A) 100,000 $100,395
JP Morgan Chase Commercial Mortgage Securities Trust 2006-FL2, Floating Rate Note, 11/15/18 (144A) 125,000 $39,646
JP Morgan Chase Commercial Mortgage Securities Trust 2011-C5, 4.1712%, 8/15/46 35,000 $37,561
JP Morgan Mortgage Trust 2004-A1, Floating Rate Note, 2/25/34 150,000 $13,442
JP Morgan Mortgage Trust 2004-A2, Floating Rate Note, 5/25/34 1,500,000 $119,644
JP Morgan Mortgage Trust 2004-S1, 5.0%, 9/25/34 271,475 $20,277
JP Morgan Mortgage Trust 2004-S1, 6.0%, 9/25/34 82,200 $17,457
KB Home, 1.375%, 2/1/19 50,000 $54,120
Kentb 0% 11aug14 7,450,000 $82,553
Kinder Morgan Energy Partners LP, 4.15%, 3/1/22 70,000 $72,164
Kinder Morgan Energy Partners LP, 5.95%, 2/15/18 10,000 $11,468
KKR Group Finance Co II LLC, 5.5%, 2/1/43 (144A) 100,000 $102,978
KLA-Tencor Corp., 6.9%, 5/1/18 25,000 $30,061
Kraft Foods Group, Inc., 3.5%, 6/6/22 70,000 $70,975
Lam Research Corp., 1.25%, 5/15/18 75,000 $89,760
LB-UBS Commercial Mortgage Trust 2002-C4, Floating Rate Note, 10/15/35 (144A) 34,000 $2,991
Lincoln National Corp., 8.75%, 7/1/19 15,000 $19,731
Linn Energy LLC, 7.0%, 11/1/19 (144A) 90,000 $95,925
Linn Energy LLC, 8.625%, 4/15/20 51,000 $57,252
Lorillard Tobacco Co., 3.75%, 5/20/23 20,000 $19,103
Macquarie Group, Ltd., 6.0%, 1/14/20 (144A) 10,000 $11,250
Malaysia Government Bond, 3.418%, 8/15/22 507,000 $146,960
Marathon Oil Corp., 5.9%, 3/15/18 23,000 $27,040
Masco Corp., 5.95%, 3/15/22 25,000 $27,686
Masco Corp., 7.125%, 3/15/20 85,000 $101,180
Massachusetts Development Finance Agency, 5.25%, 4/1/37 25,000 $27,141
Massachusetts Health & Educational Facilities Authority, 5.5%, 11/15/36 70,000 $80,290
Massachusetts Health & Educational Facilities Authority, 5.5%, 7/1/32 25,000 $32,549
Massachusetts Health & Educational Facilities Authority, 5.5%, 7/1/36 10,000 $11,301
Massachusetts Institute of Technology, 5.6%, 7/1/11 25,000 $30,754
MASTR Alternative Loan Trust 2004-10, 5.5%, 10/25/19 63,000 $6,058
MASTR Alternative Loan Trust 2004-13, 4.5%, 1/25/15 200,000 $962
MASTR Alternative Loan Trust 2004-6, 6.0%, 7/25/34 200,000 $43,652
MASTR Alternative Loan Trust 2005-1, 5.5%, 2/25/35 52,036 $15,519
MASTR Seasoned Securitization Trust 2005-1, Floating Rate Note, 9/25/32 700,000 $50,619
Mastr Specialized Loan Trust, Floating Rate Note, 11/25/34 (144A) 50,000 $48,653
MedAssets, Inc., 8.0%, 11/15/18 75,000 $82,485
Merrill Lynch Financial Assets, Inc., Floating Rate Note, 1/12/40 250,000 $242,545
Merrill Lynch Mortgage Investors Trust Series MLCC 2004-A, Floating Rate Note, 4/25/29 249,000 $17,200
Metinvest BV, 10.25%, 5/20/15 (144A) 100,000 $97,376
MetLife, Inc., 10.75%, 8/1/69 35,000 $52,989
MetroPCS Wireless, Inc., 6.625%, 11/15/20 75,000 $81,901
Metropolitan Transit Authority of Harris County, 5.0%, 11/1/41 50,000 $54,243
Mexican Bonos, 6.5%, 6/9/22 1,050,000 $82,014
Mexican Bonos, 7.5%, 6/3/27 100,000 $8,199
Mexican Udibonos, 2.0%, 6/9/22 678,200 $252,184
Mexican Udibonos, 3.5%, 12/14/17 1,200,000 $501,170
ML-CFC Commercial Mortgage Trust 2006-3, Floating Rate Note, 7/12/46 75,000 $74,460
Mohawk Industries, Inc., 3.85%, 2/1/23 25,000 $24,518
Mondelez International, Inc., 6.5%, 2/9/40 32,000 $40,165
Montpelier Re Holdings, Ltd., 4.7%, 10/15/22 50,000 $51,202
Morgan Stanley, 4.1%, 5/22/23 75,000 $75,500
Morgan Stanley, 4.875%, 11/1/22 50,000 $53,572
Morgan Stanley, 5.5%, 1/26/20 10,000 $11,445
Morgan Stanley Re-REMIC Trust 2010-R9, 5.0%, 11/26/36 (144A) 100,000 $101,350
National Rural Utilities Cooperative Finance Corp., 5.45%, 2/1/18 10,000 $11,550
Neiman Marcus Group, Ltd. LLC, 8.0%, 10/15/21 (144A) 50,000 $55,069
Netherlands Government Bond, 5.5%, 1/15/28 (144A) 91,000 $174,457
New Century Home Equity Loan Trust 2005-1, Floating Rate Note, 3/25/35 60,000 $9,335
New York State Dormitory Authority, 5.0%, 7/1/38 50,000 $55,344
New York State Dormitory Authority, 5.0%, 7/1/40 50,000 $55,231
Nigeria Government Bond, 16.0%, 6/29/19 20,000,000 $133,902
Nigeria Treasury Bill, 0.0%, 3/6/14 15,000,000 $90,913
Nigeria Treasury Bill, 0.0%, 4/10/14 27,000,000 $161,668
Nigeria Treasury Bill, 0.0%, 4/24/14 15,000,000 $89,306
Norway Government Bond, 2.0%, 5/24/23 1,800,000 $284,261
Norway Government Bond, 4.25%, 5/19/17 965,000 $178,355
Norway Government Bond, 4.5%, 5/22/19 1,490,000 $284,291
Norway Government Bond, 5.0%, 5/15/15 2,065,000 $372,329
OneBeacon US Holdings, Inc., 4.6%, 11/9/22 20,000 $20,299
Origen Manufactured Housing Contract Trust 2004-A, Floating Rate Note, 1/15/35 30,000 $14,647
Pangaea Re, 0.0%, 10/1/15 (Cat Bond) 50,000 $54,643
Panoche Energy Center LLC, 6.885%, 7/31/29 (144A) 40,000 $38,782
Paragon Secured Finance Plc, Floating Rate Note, 11/15/35 400,000 $109,475
PATHEON INC, Bridge Loan, 12/11/14 150,000 $150,000
Permanent Master Issuer Plc, Floating Rate Note, 7/15/42 100,000 $139,993
Permanent University Fund, 5.0%, 7/1/30 20,000 $23,588
Petroleos Mexicanos, 6.375%, 1/23/45 (144A) 50,000 $53,419
Piedmont Operating Partnership LP, 3.4%, 6/1/23 50,000 $46,768
Plains All American Pipeline LP, 6.125%, 1/15/17 25,000 $28,553
Plains Exploration & Production Co., 6.75%, 2/1/22 70,000 $77,744
Platinum Underwriters Finance, Inc., 7.5%, 6/1/17 40,000 $46,044
Poland Government Bond, 5.25%, 10/25/17 1,400,000 $500,297
Poland Government Bond, 5.5%, 4/25/15 1,650,000 $589,223
Poland Government International Bond, 4.0%, 1/22/24 100,000 $101,183
Post Holdings, Inc., 7.375%, 2/15/22 150,000 $163,804
priceline.com, Inc., 0.35%, 6/15/20 (144A) 110,000 $139,850
Pride International, Inc., 6.875%, 8/15/20 25,000 $30,337
Protective Life Corp., 7.375%, 10/15/19 45,000 $56,633
Province of Ontario Canada, 6.25%, 6/16/15 250,000 $218,438
Prudential Financial, Inc., Floating Rate Note, 9/15/42 100,000 $106,709
Public Service Co of New Mexico, 7.95%, 5/15/18 70,000 $85,987
Qtel International Finance, Ltd., 6.5%, 6/10/14 (144A) 20,000 $20,551
Queensland Treasury Corp., 5.75%, 7/22/24 100,000 $98,066
Queensland Treasury Corp., 6.0%, 7/21/22 120,000 $119,852
Questar Pipeline Co., 5.83%, 2/1/18 10,000 $11,601
RAAC Series 2004-SP2 Trust, 6.0%, 1/25/32 900,000 $42,797
RALI Series 2002-QS16 Trust, Floating Rate Note, 10/25/17 650,000 $15,970
RALI Series 2004-QS13 Trust, 5.0%, 9/25/19 200,000 $28,658
RALI Series 2004-QS16 Trust, 5.5%, 12/25/34 100,000 $8,155
RALI Series 2004-QS1 Trust, 4.25%, 1/25/34 1,322,000 $29,778
RALI Series 2004-QS1 Trust, Floating Rate Note, 1/25/34 206,000 $5,612
Range Resources Corp., 5.0%, 3/15/23 100,000 $104,056
Raymond James Financial, Inc., 4.25%, 4/15/16 25,000 $27,015
Residential Asset Securitization Trust 2004-A10, 5.5%, 2/25/35 200,000 $8,141
Residential Asset Securitization Trust 2004-A9, 5.75%, 12/25/34 50,000 $23,491
Residential Asset Securitization Trust 2005-A9, 5.5%, 7/25/35 50,000 $15,326
RESI Finance LP, Floating Rate Note, 9/10/35 (144A) 100,000 $19,276
RFMSI Series 2005-S6 Trust, 5.25%, 8/25/35 100,000 $42,476
RHG Mortgage Securities Pty, Ltd., Floating Rate Note, 7/21/35 2,000,000 $22,250
RHG Mortgage Securities Pty, Ltd., Floating Rate Note, 7/21/35 2,500,000 $43,743
Romania Government Bond, 5.85%, 4/26/23 770,000 $254,392
Romania Government Bond, 5.9%, 7/26/17 200,000 $66,433
Rowan Companies, Inc., 4.75%, 1/15/24 100,000 $102,382
Russian Federal Bond - OFZ, 7.5%, 3/15/18 4,200,000 $120,559
Russian Federal Bond - OFZ, 8.15%, 2/3/27 9,000,000 $248,488
Rwanda International Government Bond, 6.625%, 5/2/23 (144A) 200,000 $199,380
Santander Drive Auto Receivables Trust 2012-1, 3.78%, 11/15/17 30,000 $31,020
Scotiabank Peru SA, Floating Rate Note, 12/13/27 (144A) 50,000 $45,113
Scottrade Financial Services, Inc., 6.125%, 7/11/21 (144A) 90,000 $91,469
Senior Housing Properties Trust, 6.75%, 4/15/20 45,000 $52,209
Sequoia Mortgage Trust 2005-2, Floating Rate Note, 3/20/35 200,000 $22,038
Sirius International Group, Ltd., Floating Rate Note, 12/31/49 (Perpetual) (144A) 95,000 $101,024
SNAAC Auto Receivables Trust, 3.11%, 6/15/17 (144A) 50,000 $50,412
South Carolina State Public Service Authority, 5.0%, 12/1/43 25,000 $26,130
Southern California Edison Co., Floating Rate Note, 12/31/49 (Perpetual) 50,000 $53,260
Spain Government Bond, 4.1%, 7/30/18 100,000 $154,025
Spectra Energy Capital LLC, 6.2%, 4/15/18 25,000 $29,113
Spectra Energy Capital LLC, 6.75%, 7/15/18 10,000 $11,607
Springleaf Funding Trust 2013-A, 2.58%, 9/15/21 (144A) 100,000 $100,585
Stanley Black & Decker, Inc., Floating Rate Note, 12/15/53 50,000 $54,453
State of Washington, 5.0%, 8/1/39 50,000 $53,990
State Street Corp., Floating Rate Note, 12/31/73 1,000 $25,400
Structured Asset Securities Corp., 4.77%, 10/25/34 (Step) 50,000 $7,935
Structured Asset Securities Corp Mor Cer Ser 2003-31A, Floating Rate Note, 10/25/33 300,000 $40,738
Sunoco Logistics Partners Operations LP, 6.1%, 2/15/42 60,000 $63,613
SunTrust Banks, Inc., 3.5%, 1/20/17 75,000 $79,818
Tarrant Regional Water District, 5.0%, 3/1/52 45,000 $48,374
Telefonica Emisiones SAU, 5.496%, 4/1/16 50,000 $78,514
Terwin Mortgage Trust Series TMTS 2005-16HE, 4.440994%, 9/25/36 (Step) 300,000 $61,955
The Allstate Corp., Floating Rate Note, 1/15/53 2,225 $55,581
The Allstate Corp., Floating Rate Note, 5/15/57 110,000 $116,918
The Hanover Insurance Group, Inc., 7.5%, 3/1/20 50,000 $62,022
The PNC Financial Services Group, Inc., Floating Rate Note, 12/31/49 (Perpetual) 115,000 $123,798
The PNC Financial Services Group, Inc., Floating Rate Note, 2/21/49 (Perpetual) 65,000 $65,129
The Williams Companies, Inc., 7.75%, 6/15/31 13,000 $14,544
TimberStar Trust 1, 5.668%, 10/15/36 (144A) 50,000 $54,712
Time Warner Cable, Inc., 8.25%, 4/1/19 10,000 $12,935
Time Warner Cable, Inc., 8.75%, 2/14/19 5,000 $6,400
Tufts University, 5.017%, 4/15/12 75,000 $74,685
Turkey Government Bond, 10.5%, 1/15/20 180,928 $83,602
U.S. Treasury Bonds, 4.5%, 2/15/36 60,000 $70,398
U.S. Treasury Bonds, 4.5%, 8/15/39 60,000 $70,464
Ukraine Government International Bond, 7.5%, 4/17/23 (144A) 200,000 $181,583
Unison Ground Lease Funding LLC, 2.981%, 3/15/20 (144A) 25,000 $24,168
United Airlines 2013-1 Class B Pass Through Trust, 5.375%, 8/15/21 75,000 $77,429
United Kingdom Gilt, 4.25%, 9/7/39 70,000 $135,333
United Kingdom Gilt, 8.75%, 8/25/17 75,000 $157,836
University of California, 3.38%, 5/15/28 50,000 $47,056
US Airways 2013-1 Class A Pass Through Trust, 3.95%, 5/15/27 100,000 $101,913
US Bancorp, Floating Rate Note, 12/31/49 (Perpetual) 4,350 $119,886
Valero Energy Corp., 9.375%, 3/15/19 21,000 $28,443
Valmont Industries, Inc., 6.625%, 4/20/20 20,000 $23,671
Verizon Communications, Inc., 6.55%, 9/15/43 70,000 $87,769
VimpelCom Holdings BV, 9.0%, 2/13/18 (144A) 5,000,000 $136,223
Viterra, Inc., 5.95%, 8/1/20 (144A) 50,000 $55,584
Wachovia Bank NA, 6.0%, 11/15/17 20,000 $23,524
WaMu Mortgage Pass-Through Certificates Series 2004-AR14 Trust, Floating Rate Note, 1/25/35 235,000 $56,413
Weatherford International, Ltd. Bermuda, 5.95%, 4/15/42 25,000 $27,125
Weatherford International, Ltd. Bermuda, 9.625%, 3/1/19 25,000 $33,836
WellPoint, Inc., 2.75%, 10/15/42 75,000 $102,920
Wells Fargo & Co., 7.5%, 12/31/49 (Perpetual) 130 $153,140
Wells Fargo Commercial Mortgage Trust, 3.349%, 11/15/43 (144A) 100,000 $82,177
Wells Fargo Mortgage Backed Securities 2005-AR13 Trust, Floating Rate Note, 5/25/35 35,000 $20,673
Wells Fargo Mortgage Backed Securities 2006-16 Trust, 5.0%, 11/25/36 100,000 $7,349
West Corp., Term B-10 Loan, 6/30/18 48,902 $48,787
West Penn Power Co., 5.95%, 12/15/17 (144A) 10,000 $11,604
Wilton Re Finance LLC, Floating Rate Note, 3/30/33 (144A) 25,000 $25,491
WireCo WorldGroup, Inc., 9.5%, 5/15/17 25,000 $26,449
Yale University, 2.9%, 10/15/14 25,000 $25,678

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

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Please request a free information kit on any Pioneer fund by ordering from this web site or by calling 1-800-225-6292. The kit includes a quarterly fact sheet and a prospectus. You should consider a fund's investment objectives, risks, charges and expenses carefully before investing. The prospectus contains this and other information about each fund and should be read carefully before you invest or send money. To obtain a prospectus directly and for other information on any Pioneer fund please visit our download literature page.